Kodak 2014 Annual Report Download - page 90

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Pension (income) expense for all defined benefit plans included:
The pension (income) expense before special termination benefits, curtailments, and settlements reported above for the eight months ended August 31, 2013 and year ended
December 31, 2012 (Predecessor) includes $38 million and $53 million respectively, which was reported as Earnings (loss) from discontinued operations.
The special termination benefits of $8 million for the year ended December 31, 2014 and $97 million for the year ended December 31, 2012 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 periods.
For the eight months ended August 31, 2013, $5 million of the Non-U.S. curtailment losses were incurred as a result of Kodak’s restructuring actions, and have been included
in Restructuring costs and other in the Consolidated Statement of Operations. The remaining curtailment losses of $8 million have been included in Earnings (loss) from
discontinued operations in the Consolidated Statement of Operations. The $114 million of settlement losses were incurred as a result of the Global Settlement, and have been
included in Earnings (loss) from discontinued operations in the Consolidated Statement of Operations.
The weighted-average assumptions used to determine the benefit obligation amounts for all major funded and unfunded U.S. and Non-U.S. defined benefit plans were as
follows:
Successor
Predecessor
(in millions)
Year Ended
Four Months Ended
Eight Months Ended
Year Ended
December 31, 2014
December 31, 2013
August 31, 2013
December 31, 2012
U.S.
Non
-
U.S.
U.S.
Non
-
U.S.
U.S.
Non
-
U.S.
U.S.
Non
-
U.S.
Major defined benefit plans:
Service cost
$
18
$
4
$
7
$
2
$
19
$
6
$
46
$
10
Interest cost
176
30
67
11
120
95
206
154
Expected return on plan assets
(295
)
(38
)
(122
)
(15
)
(236
)
(106
)
(389
)
(161
)
Amortization of:
Prior service credit
(3
)
-
-
-
1
1
1
3
Actuarial loss
-
-
-
-
120
55
166
64
Pension (income) expense before
special termination benefits,
curtailments and
settlements
(104
)
(4
)
(48
)
(2
)
24
51
30
70
Special termination benefits
8
-
-
-
-
-
97
-
Curtailment (gains) losses
-
-
-
(1
)
1
13
-
(1
)
Settlement (gains) losses
10
-
(11
)
-
-
114
-
-
Net pension (income) expense for
major
defined benefit plans
(86
)
(4
)
(59
)
(3
)
25
178
127
69
Other plans including unfunded
plans
-
8
-
-
4
7
11
15
Net pension (income) expense
$
(86
)
$
4
$
(59
)
$
(3
)
$
29
$
185
$
138
$
84
Successor
Predecessor
December 31, 2014
December 31, 2013
August 31, 2013
U.S.
Non
-
U.S.
U.S.
Non
-
U.S.
U.S.
Non
-
U.S.
Discount rate
3.50
%
2.07
%
4.50
%
3.30
%
4.25
%
3.24
%
Salary increase rate
3.34
%
1.95
%
3.37
%
2.77
%
3.39
%
2.80
%
87