XML 36 R19.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 12 - Retirement Plans and Other Postretirement Benefits
 6 Months Ended
Jun. 30, 2016
Disclosure Text Block [Abstract]  
Pension and Other Postretirement Benefits Disclosure [Text Block]

NOTE 12: 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

June 30,

 

 

Six Months Ended

June 30,

 

(in millions)

 

2016

 

 

2015

 

 

2016

 

 

2015

 

 

 

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

 

$

3

 

 

$

-

 

 

$

4

 

 

$

1

 

 

$

6

 

 

$

1

 

 

$

8

 

 

$

2

 

Interest cost

 

 

28

 

 

 

4

 

 

 

37

 

 

 

5

 

 

 

58

 

 

 

7

 

 

 

74

 

 

 

9

 

Expected return on plan assets

 

 

(66

)

 

 

(7

)

 

 

(68

)

 

 

(8

)

 

 

(131

)

 

 

(14

)

 

 

(136

)

 

 

(16

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service credit

 

 

(1

)

 

 

-

 

 

 

(2

)

 

 

-

 

 

 

(3

)

 

 

-

 

 

 

(4

)

 

 

-

 

Actuarial gain

 

 

2

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

2

 

 

 

-

 

 

 

-

 

 

 

(1

)

Net pension income before special

   termination benefits

 

 

(34

)

 

 

(3

)

 

 

(29

)

 

 

(2

)

 

 

(68

)

 

 

(6

)

 

 

(58

)

 

 

(6

)

Special termination benefits

 

 

2

 

 

 

-

 

 

 

1

 

 

 

-

 

 

 

3

 

 

 

-

 

 

 

5

 

 

 

-

 

Net pension income

 

 

(32

)

 

 

(3

)

 

 

(28

)

 

 

(2

)

 

 

(65

)

 

 

(6

)

 

 

(53

)

 

 

(6

)

Other plans including unfunded plans

 

 

-

 

 

 

-

 

 

 

-

 

 

 

2

 

 

 

-

 

 

 

(1

)

 

 

-

 

 

 

4

 

Total net pension income

 

$

(32

)

 

$

(3

)

 

$

(28

)

 

$

-

 

 

$

(65

)

 

$

(7

)

 

$

(53

)

 

$

(2

)

 

The total net pension income reported for the three and six month periods ended June 30, 2016 and 2015 includes less than $1 million of costs reported as discontinued operations in each respective period.

For the three and six month periods ended June 30, 2016 and 2015, the special termination benefits charges were incurred as a result of Kodak’s restructuring actions.

Kodak made contributions (funded plans) or paid benefits (unfunded plans) totaling approximately $7 million relating to its defined benefit pension and other postretirement benefit plans for the six months ended June 30, 2016.

 

Certain of Kodak’s retirement plans were remeasured during the first quarter of 2016.  The remeasurement of the funded status of those plans during the first quarter increased Kodak’s recognized defined benefit plan obligation by $142 million.