Kodak 2011 Annual Report Download - page 97

Information regarding the major funded and unfunded U.S. and Non-U.S. defined benefit plans follows:
As a result of a legislative change in November 2010, a French defined benefit pension plan was amended to reflect a change in the Social Security
retirement age. The legislative change requires the minimum retirement age be extended up to 2 years, phasing in at a rate of 4 months per year until
2018. This amendment increased the projected benefit obligation in 2010 by $33 million, which is reflected in the plan amendments line in the table above.
Amounts recognized in the Consolidated Statement of Financial Position for all major funded and unfunded U.S. and Non-U.S. defined benefit plans
were as follows:
(in millions)
2011
2010
U.S.
Non
-
U.S.
U.S.
Non
-
U.S.
Change in Benefit Obligation
Projected benefit obligation at January 1
$
5,071
$
3,636
$
4,842
$
3,527
Acquisitions/divestitures/other transfers
(1
)
2
-
-
Service cost
50
16
48
14
Interest cost
254
180
263
177
Participant contributions
-
4
-
3
Plan amendments
-
(4
)
-
45
Benefit payments
(535
)
(226
)
(511
)
(218
)
Actuarial loss
392
160
402
181
Curtailments
-
-
-
(5
)
Settlements
-
(86
)
-
(2
)
Special termination benefits
28
1
27
1
Currency adjustments
-
(31
)
-
(87
)
Projected benefit obligation at December 31
$
5,259
$
3,652
$
5,071
$
3,636
Change in Plan Assets
Fair value of plan assets at January 1
$
4,861
$
2,634
$
4,758
$
2,502
Acquisitions/divestitures
-
1
-
-
Actual gain on plan assets
413
47
592
320
Employer contributions
25
78
22
90
Participant contributions
-
4
-
3
Settlements
-
(86
)
-
(2
)
Benefit payments
(536
)
(226
)
(511
)
(218
)
Currency adjustments
-
(16
)
-
(61
)
Fair value of plan assets at December 31
$
4,763
$
2,436
$
4,861
$
2,634
Under Funded Status at December 31
$
(496
)
$
(1,216
)
$
(210
)
$
(1,002
)
Accumulated benefit obligation at December 31
$
5,112
$
3,584
$
4,881
$
3,545
As of December 31,
(in millions)
2011
2010
U.S.
Non
-
U.S.
U.S.
Non
-
U.S.
Other long
-
term assets
$
-
$
-
$
18
$
21
Other current liabilities
(18
)
-
(19
)
-
Pension and other postretirement liabilities
(478
)
(1,216
)
(209
)
(1,023
)
Net amount recognized
$
(496
)
$
(1,216
)
$
(210
)
$
(1,002
)
95