Kodak 2011 Annual Report Download - page 99

Pension (income) expense from continuing operations for all defined benefit plans included:
The special termination benefits of $29 million, $28 million, and $83 million for the years ended December 31, 2011, 2010, and 2009, 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. There were no impacts of curtailments or settlements incurred as a result of
the Company’s restructuring actions in 2009 and 2010. For 2011, $3 million of the curtailment losses and $1 million of the settlement losses 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 2011.
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:
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,
(in millions)
2011
2010
2009
U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S.
Major defined benefit plans:
Service cost
$
50
$
16
$
48
$
14
$
52
$
14
Interest cost
254
180
263
177
293
178
Expected return on plan assets
(435
)
(209
)
(475
)
(210
)
(486
)
(206
)
Amortization of:
Prior service cost
1
4
1
1
2
-
Actuarial loss
69
52
5
37
5
13
Pension (income) expense before special
termination benefits, curtailments and
settlements
(61
)
43
(158
)
19
(134
)
(1
)
Special termination benefits
28
1
27
1
78
5
Curtailment losses (gains)
-
4
-
(7
)
-
(1
)
Settlement losses
-
10
-
1
-
1
Net pension (income) expense for
major
defined benefit plans
(33
)
58
(131
)
14
(56
)
4
Other plans including unfunded plans
-
12
-
11
-
6
Net pension (income) expense from
continuing operations
$
(33
)
$
70
$
(131
)
$
25
$
(56
)
$
10
As of December 31,
2011
2010
U.S.
Non
-
U.S.
U.S.
Non
-
U.S.
Discount rate
4.25
%
4.37
%
5.24
%
4.92
%
Salary increase rate
3.28
%
2.99
%
3.81
%
3.88
%
For the Year Ended December 31,
2011
2010
2009
U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S.
Discount rate
5.24
%
4.95
%
5.75
%
5.17
%
6.76
%
5.90
%
Salary increase rate
3.80
%
3.89
%
3.88
%
3.87
%
3.99
%
3.45
%
Expected long-term rate of return on plan
assets
8.09
%
7.79
%
8.73
%
7.76
%
8.49
%
7.30
%
97