Kodak 2015 Annual Report Download - page 40

Download and view the complete annual report

Please find page 40 of the 2015 Kodak annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 85

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85

(in millions)
Year Ended
December 31, 2015
Year Ended
December 31, 2014
U.S. Non-U.S. U.S. Non-U.S.
Change in Benefit Obligation
Projected benefit obligation at beginning of period $4,438 $ 918 $4,361 $ 960
Transfers — — — (31)
Service cost 17 3 18 4
Interest cost 148 17 176 30
Plan amendments — — (61) —
Benefit payments (478) (51) (339) (61)
Actuarial (gain) loss (35) (24) 567 119
Settlements — — (292) —
Special termination benefits 9 — 8 —
Currency adjustments — (63) — (103)
Projected benefit obligation at end of period $4,099 $ 800 $4,438 $ 918
Change in Plan Assets
Fair value of plan assets at beginning of period $4,160 $ 795 $4,184 $ 833
Transfers — — — (9)
Gain on plan assets 111 31 607 111
Employer contributions — 4 — 7
Settlements — — (292) —
Benefit payments (478) (51) (339) (61)
Currency adjustments — (51) — (86)
Fair value of plan assets at end of period $3,793 $ 728 $4,160 $ 795
Under Funded Status at end of period $ (306) $ (72) $ (278) $ (123)
Accumulated benefit obligation at end of period $ 4,098 $ 792 $ 4,436 $ 907
The Non-US transfers of $31 million of projected benefit obligation and $9 million of assets for the year ended December 31, 2014 relate to a plan split for a subset
of participants into a non-major plan.
The settlement amount of $292 million for the U.S. for the year ended December 31, 2014 was a result of lump sum payments from KRIP.
39