Kodak 2014 Annual Report Download - page 102
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The weighted-average assumptions used to determine the net benefit obligations were as follows:
The weighted-average assumptions used to determine the net postretirement benefit cost were as follows:
The weighted-average assumed healthcare cost trend rates used to compute the other postretirement amounts were as follows:
A one-percentage point change in assumed healthcare cost trend rates would have the following effects:
Kodak expects to make $8 million of benefit payments for its U.S., Canada and U.K. unfunded other postretirement benefit plans in 2015.
The following other postretirement benefits, which reflect expected future service, are expected to be paid.
Successor
Predecessor
December 31,
December 31,
August 31,
2014
2013
2013
Discount rate
3.49
%
4.28
%
4.09
%
Salary increase rate
2.60
%
2.50
%
2.50
%
Successor
Predecessor
Year Ended
December 31,
2014
Four Months
Ended
December 31,
2013
Eight Months
Ended
August 31,
2013
Year Ended
December 31,
2012
Discount rate
4.28
%
4.09
%
3.23
%
4.26
%
Salary increase rate
2.50
%
2.50
%
2.50
%
3.41
%
2014
2013
Healthcare cost trend
6.47
%
6.51
%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)
4.65
%
5.00
%
Year that the rate reaches the ultimate trend rate
2021
2020
(in millions)
1% increase
1% decrease
Effect on total service and interest cost
$
-
$
-
Effect on postretirement benefit obligation
7
(5
)
(in millions)
2015
$
8
2016
7
2017
6
2018
6
2019
6
2020
-
2024
24
99