Note 9 - Retirement Plans and Other Postretirement Benefits

3 Months Ended

Mar. 31, 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 March 31,
(in millions)	2015						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Major defined benefit plans:
Service cost	$	4		$	1		$	4		$	2
Interest cost		37			4			47			8
Expected return on plan assets		(68	)		(8	)		(77	)		(10	)
Amortization of:
Prior service cost		(2	)		-			-			-
Net pension income before special termination benefits		(29	)		(3	)		(26	)		-
Special termination benefits		4			-			-			-
Net pension income		(25	)		(3	)		(26	)		-
Other plans including unfunded plans		-			2			-			2
Total net pension (income) expense	$	(25	)	$	(1	)	$	(26	)	$	2

For the three months ended March 31, 2015, the special termination benefits charges of $4 million were incurred as a result of Kodak’s restructuring actions.

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, 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 March 31,
	2015		2014
Service cost	$	-	$	-
Interest cost		1		1
Total net postretirement benefit expense	$	1	$	1

Kodak paid benefits, net of participant contributions, totaling $2 million relating to its major postretirement benefit plans for the three months ended March 31, 2015.