Note 10 - Retirement Plans and Other Postretirement Benefits

3 Months Ended

Mar. 31, 2014

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

NOTE 10: RETIREMENT PLANS AND OTHER POSTRETIREMENT BENEFITS

Components of the net periodic benefit cost for all major U.S. and Non-U.S. defined benefit plans are as follows:

	Three Months Ended
	March 31,
	Successor						Predecessor
(in millions)	2014						2013
	U.S.			Non-U.S.			U.S.			Non-U.S.
Major defined benefit plans:
Service cost	$	4		$	2		$	8		$	2
Interest cost		47			8			43			36
Expected return on plan assets		(77	)		(10	)		(87	)		(40	)
Amortization of:
Prior service cost		-			-			-			1
Net actuarial loss		-			-			48			21
Net pension (income) expense		(26	)		-			12			20
Other plans including unfunded plans		-			2			-			6
Total net pension (income) expense	$	(26	)	$	2		$	12		$	26

The net pension (income) expense reported above for the three months ended March 31, 2013 includes $15 million which was reported as Discontinued operations.

Kodak made contributions (funded plans) or paid benefits (unfunded plans) totaling approximately $1 million relating to its major U.S. and non-U.S. defined benefit pension plans for the three months ended March 31, 2014. Kodak forecasts its contribution (funded plans) and benefit payment (unfunded plans) requirements for its major U.S. and non-U.S. defined benefit pension plans for the balance of 2014 to be approximately $12 million.

Postretirement benefit costs for the Company’s U.S., Canada and U.K. postretirement benefit plans, which represent the Company’s major postretirement plans, include:

	Three Months Ended
	March 31,
(in millions)	Successor		Predecessor
	2014		2013
Service cost	$	-	$	-
Interest cost		1		1
Amortization of:
Prior service credit		-		(29	)
Net actuarial loss		-		2
Total net postretirement benefit expense (income)	$	1	$	(26	)

Kodak paid benefits, net of participant contributions, totaling less than $1 million relating to its major postretirement benefit plans for the three months ended March 31, 2014. Kodak expects to pay benefits, net of participant contributions, of approximately $8 million for these postretirement plans for the remainder of 2014.