Kodak 2010 Annual Report Download - page 83
Download and view the complete annual report
Please find page 83 of the 2010 Kodak annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73 -
74 -
75 -
76 -
77 -
78 -
79 -
80 -
81 -
82 -
83 -
84 -
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
 |
 |
81
Pension (income) expense from continuing operations for all defined benefit plans included:
For the Year Ended December 31,
(in millions)
2010
2009
2008
U.S.
Non-U.S.
U.S.
Non-U.S.
U.S.
Non-U.S.
Major defined benefit plans:
Service cost
$ 48
$ 14
$ 52
$ 14
$ 54
$ 19
Interest cost
263
177
293
178
307
215
Expected return on plan assets
(475)
(210)
(486)
(206)
(545)
(257)
Amortization of:
Prior service cost
1
1
2
-
1
-
Actuarial loss
5
37
5
13
4
47
Pension (income) expense before
special termination benefits,
curtailments and settlements
(158)
19
(134)
(1)
(179)
24
Special termination benefits
27
1
78
5
36
4
Curtailment gains
-
(7)
-
(1)
(13)
(4)
Settlement losses
-
1
-
1
-
-
Net pension (income) expense for
major defined benefit plans
(131)
14
(56)
4
(156)
24
Other plans including unfunded plans
-
11
-
6
-
11
Net pension (income) expense from
continuing operations
$ (131)
$ 25
$ (56)
$ 10
$ (156)
$ 35
The special termination benefits of $28 million, $83 million, and $40 million for the years ended December 31, 2010, 2009, and 2008,
respectively, were incurred as a result of the Company's restructuring actions and, therefore, have been included in Restructuring
costs, rationalization and other in the Consolidated Statement of Operations for those respective periods. In addition, curtailment
gains for the major funded and unfunded U.S. and Non-U.S. defined benefit plans totaling $14 million for 2008 were also incurred as
a result of the Company's restructuring actions and, therefore, have been included in Restructuring costs, rationalization and other in
the Consolidated Statement of Operations for those respective periods. There were no impacts of curtailments or settlements
incurred as a result of the Company’s restructuring actions in 2009 and 2010.
The weighted-average assumptions used to determine the benefit obligation amounts as of the end of the year for all major funded
and unfunded U.S. and Non-U.S. defined benefit plans were as follows:
As of December 31,
2010
2009
U.S.
Non-U.S.
U.S.
Non-U.S.
Discount rate
5.24%
4.92%
5.75%
5.40%
The weighted-average assumptions used to determine net pension (income) expense for all the major funded and unfunded U.S.
and Non-U.S. defined benefit plans were as follows:
For the Year Ended December 31,
2010
2009
2008
U.S.
Non-U.S.
U.S.
Non-U.S.
U.S.
Non-U.S.
Discount rate
5.75%
5.17%
6.76%
5.90%
6.52%
5.75%
Salary increase rate
3.88%
3.87%
3.99%
3.45%
4.51%
3.93%
Expected long-term rate of return on
plan assets
8.73%
7.76%
8.49%
7.30%
8.99%
7.74%