Note 9 - Retirement Plans and Other Postretirement Benefits

9 Months Ended

Sep. 30, 2015

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

NOTE 9: 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 September 30,												Nine Months Ended September 30,
(in millions)	2015						2014						2015						2014
	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	$	4		$	1		$	4		$	1		$	12		$	3		$	13		$	4
Interest cost		37			4			42			7			111			13			136			23
Expected return on plan assets		(68	)		(7	)		(72	)		(9	)		(204	)		(23	)		(226	)		(29	)
Amortization of:
Prior service credit		(1	)		-			(1	)		-			(5	)		-			(1	)		-
Actuarial gain		-			(1	)		-			-			-			(2	)		-			-
Net pension income before special termination benefits		(28	)		(3	)		(27	)		(1	)		(86	)		(9	)		(78	)		(2	)
Special termination benefits		1			-			3			-			6			-			3			-
Net pension income		(27	)		(3	)		(24	)		(1	)		(80	)		(9	)		(75	)		(2	)
Other plans including unfunded plans		-			2			-			3			-			6			-			6
Total net pension (income) expense	$	(27	)	$	(1	)	$	(24	)	$	2		$	(80	)	$	(3	)	$	(75	)	$	4

For the nine months ended September 30, 2015, the special termination benefits charges of $6 million were incurred as a result of Kodak’s restructuring actions.

Kodak made contributions (funded plans) or paid benefits (unfunded plans) totaling approximately $12 million relating to its defined benefit pension plans for the nine months ended September 30, 2015.

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:

(in millions)	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
Service cost	$	-	$	-	$	-	$	-
Interest cost		1		1		2		3
Total net postretirement benefit expense	$	1	$	1	$	2	$	3

Kodak paid benefits, net of participant contributions, totaling $4 million relating to its postretirement benefit plans for the nine months ended September 30, 2015.