Kodak 2012 Annual Report Download - page 101
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Table of Contents
Pension (income) expense from continuing operations for all defined benefit plans included:
The special termination benefits of $99 million, $29 million, and $28 million for the years ended December 31, 2012, 2011, and 2010,
respectively, were incurred as a result of Kodak’s restructuring actions and, therefore, have been included in Restructuring costs and other in the
Consolidated Statement of Operations for those respective periods.
For 2011, $3 million of the curtailment losses and $1 million of the settlement losses were incurred as a result of Kodak’s restructuring actions
and, therefore, have been included in Restructuring costs and other in the Consolidate Statement of Operations for 2011. For 2012, $1 million of
the settlement losses were incurred as a result of Kodak’s restructuring actions and, therefore, have been included in Restructuring costs and
other in the Consolidated Statement of Operations for 2012.
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:
97
For the Year Ended December 31,
2012
2011
2010
(in millions)
U.S.
Non
-
U.S.
U.S.
Non
-
U.S.
U.S.
Non
-
U.S.
Major defined benefit plans:
Service cost
$
48
$
10
$
50
$
16
$
48
$
14
Interest cost
206
156
254
180
263
177
Expected return on plan assets
(389
)
(164
)
(435
)
(209
)
(475
)
(210
)
Amortization of:
Prior service cost
1
3
1
4
1
1
Actuarial loss
173
66
69
52
5
37
Pension (income) expense before special termination benefits, curtailments and
settlements
39
71
(61
)
43
(158
)
19
Special termination benefits
99
—
28
1
27
1
Curtailment (gains) losses
—
(
1
)
—
4
—
(
7
)
Settlement losses
—
3
—
10
—
1
Net pension (income) expense for major defined benefit plans
138
73
(33
)
58
(131
)
14
Other plans including unfunded plans
—
11
—
12
—
11
Net pension (income) expense from continuing operations
$
138
$
84
$
(33
)
$
70
$
(131
)
$
25
As of December 31,
2012
2011
U.S.
Non
-
U.S.
U.S.
Non
-
U.S.
Discount rate
3.50
%
3.55
%
4.25
%
4.37
%
Salary increase rate
3.40
%
2.84
%
3.45
%
2.99
%
For the Year Ended December 31,
2012
2011
2010
U.S.
Non
-
U.S.
U.S.
Non
-
U.S.
U.S.
Non
-
U.S.
Discount rate
4.25
%
4.41
%
5.24
%
4.95
%
5.75
%
5.39
%
Salary increase rate
3.45
%
2.98
%
3.99
%
3.89
%
4.05
%
3.87
%
Expected long
-
term rate of return on plan assets
8.52
%
7.02
%
8.43
%
7.64
%
8.73
%
7.76
%