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Note 13 - Retirement Plans and Other Postretirement Benefits (Tables)
 9 Months Ended
Sep. 30, 2025
Retirement Benefits [Abstract]  
Components of the Pension Obligation

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

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

(in millions)

 

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

 

 

$

—

 

 

$

3

 

 

$

1

 

 

$

10

 

 

$

1

 

Interest cost

 

 

23

 

 

 

4

 

 

 

27

 

 

 

5

 

 

 

74

 

 

 

12

 

 

 

82

 

 

 

14

 

Expected return on plan
   assets

 

 

(42

)

 

 

(4

)

 

 

(62

)

 

 

(5

)

 

 

(128

)

 

 

(14

)

 

 

(187

)

 

 

(14

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service cost

 

 

3

 

 

 

—

 

 

 

3

 

 

 

—

 

 

 

9

 

 

 

—

 

 

 

9

 

 

 

—

 

Actuarial (gain) loss

 

 

—

 

 

 

—

 

 

 

(9

)

 

 

1

 

 

 

(7

)

 

 

1

 

 

 

(28

)

 

 

1

 

Net pension (income)
   expense before special
   termination benefits
   and settlements

 

 

(16

)

 

 

—

 

 

 

(38

)

 

 

1

 

 

 

(49

)

 

 

—

 

 

 

(114

)

 

 

2

 

Special termination
    benefits (1)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

2

 

 

 

—

 

 

 

1

 

 

 

—

 

Settlement gain (2)

 

 

(1

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(1

)

 

 

—

 

 

 

—

 

 

 

—

 

Net pension (income)
   expense from major
   plans

 

 

(17

)

 

 

—

 

 

 

(38

)

 

 

1

 

 

 

(48

)

 

 

—

 

 

 

(113

)

 

 

2

 

Other plans

 

 

3

 

 

 

—

 

 

 

—

 

 

 

 

 

 

6

 

 

 

—

 

 

 

—

 

 

 

1

 

Total net pension (income)
   expense

 

$

(14

)

 

$

—

 

 

$

(38

)

 

$

1

 

 

$

(42

)

 

$

—

 

 

$

(113

)

 

$

3

 

 

(1) The special termination benefits 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 for that period.

 

(2)
The settlement gain was the result of lump sum payments from KRIP and the transfer to the insurer of all obligations and responsibilities associated with an existing annuitized obligation.