Kodak 2011 Annual Report Download - page 107

The Company expects to contribute approximately $15 million and $82 million in 2012 for U.S. and Non-U.S. defined benefit pension plans,
respectively. Benefit plans in the U.S. are subject to the bankruptcy proceedings.
The following pension benefit payments, which reflect expected future service, are expected to be paid from the plans:
NOTE 19: OTHER POSTRETIREMENT BENEFITS
The Company provides healthcare, dental and life insurance benefits to U.S. eligible retirees and eligible survivors of retirees. Generally, to be
eligible for the plan, individuals retiring prior to January 1, 1996 were required to be 55 years of age with ten years of service or their age plus years of
service must have equaled or exceeded 75. For those retiring after December 31, 1995, the individuals must be 55 years of age with ten years of
service or have been eligible as of December 31, 1995. Based on the eligibility requirements, these benefits are provided to U.S. retirees who are
covered by the Company's KRIP plan and are funded from the general assets of the Company as they are incurred. However, those under the Cash
Balance portion of the KRIP plan would be required to pay the full cost of their benefits under the plan.
The Company's subsidiaries in the United Kingdom and Canada offer similar postretirement benefits.
On November 30, 2010, the Company adopted and announced certain changes to its U.S. postretirement benefit plans effective January 1,
2011. Modifications were made to dependent subsidy levels and prescription drug coverage. These changes resulted in the remeasurement of the
plan’s obligations as of November 30, 2010.
On March 30, 2011, the Company adopted and announced certain changes to its UK postretirement benefit plan effective May 1, 2011. Modifications
were made regarding contributions for certain retirees. These changes resulted in the remeasurement of the plan’s obligations as of March 31, 2011.
The measurement date used to determine the net benefit obligation for the Company's other postretirement benefit plans is December 31.
Non
-
U.S.
Balance at
January 1,
2010
Net Realized
and
Unrealized
Gains/(Losses)
Net Purchases
and Sales
Net Transfer
Into/(Out of)
Level 3
Balance at
December 31,
2010
Inflation
-
Linked Bonds
$
57
$
8
$
-
$
-
$
65
Private Equity
242
32
27
-
301
Real Estate
99
(13
)
(9
)
-
77
Total
$
398
$
27
$
18
$
-
$
443
(in millions)
U.S.
Non
-
U.S.
2012
$
430
$
201
2013
423
197
2014
399
194
2015
392
191
2016
385
189
2017
-
2021
1,834
944
105