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Note 12 - Retirement Plans and Other Postretirement Benefits
 9 Months Ended
Sep. 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

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 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

 

 

$

1

 

 

$

4

 

 

$

1

 

 

$

9

 

 

$

2

 

 

$

12

 

 

$

3

 

Interest cost

 

 

27

 

 

 

4

 

 

 

37

 

 

 

4

 

 

 

85

 

 

 

11

 

 

 

111

 

 

 

13

 

Expected return on plan assets

 

 

(65

)

 

 

(8

)

 

 

(68

)

 

 

(7

)

 

 

(196

)

 

 

(22

)

 

 

(204

)

 

 

(23

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service credit

 

 

(2

)

 

 

-

 

 

 

(1

)

 

 

-

 

 

 

(5

)

 

 

-

 

 

 

(5

)

 

 

-

 

Actuarial loss (gain)

 

 

2

 

 

 

-

 

 

 

-

 

 

 

(1

)

 

 

4

 

 

 

-

 

 

 

-

 

 

 

(2

)

Net pension income before special

   termination benefits

 

 

(35

)

 

 

(3

)

 

 

(28

)

 

 

(3

)

 

 

(103

)

 

 

(9

)

 

 

(86

)

 

 

(9

)

Special termination benefits

 

 

-

 

 

 

-

 

 

 

1

 

 

 

-

 

 

 

3

 

 

 

-

 

 

 

6

 

 

 

-

 

Net pension income

 

 

(35

)

 

 

(3

)

 

 

(27

)

 

 

(3

)

 

 

(100

)

 

 

(9

)

 

 

(80

)

 

 

(9

)

Other plans including unfunded plans

 

 

-

 

 

 

-

 

 

 

-

 

 

 

2

 

 

 

-

 

 

 

(1

)

 

 

-

 

 

 

6

 

Total net pension income

 

$

(35

)

 

$

(3

)

 

$

(27

)

 

$

(1

)

 

$

(100

)

 

$

(10

)

 

$

(80

)

 

$

(3

)

 

The total net pension income reported for the nine-month period ended September 30, 2015 includes $1 million of costs reported as discontinued operations.

For the three and nine month periods ended September 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 $13 million relating to its defined benefit pension and other postretirement benefit plans for the nine months ended September 30, 2016 .

 

Certain of Kodak’s retirement plans were remeasured during the first three quarters of 2016.  The remeasurement of the funded status of those plans during the first three quarters increased Kodak’s recognized defined benefit plan obligation by $146 million.