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Note 11 - Retirement Plans and Other Postretirement Benefits
 3 Months Ended
Mar. 31, 2016
Notes to Financial Statements  
Pension and Other Postretirement Benefits Disclosure [Text Block]
 
NOTE 11: 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,
 
 
 
2016
 
 
2015
 
(in millions)
 
U.S.
 
 
Non-U.S.
 
 
U.S.
 
 
Non-U.S.
 
Major defined benefit plans:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Service cost
   $ 3     $ 1     $ 4     $ 1  
Interest cost
     30       3       37       4  
Expected return on plan assets
     (65
)
     (7
)
     (68
)
     (8
)
Amortization of:
                                
Prior service credit
     (2
)
     -       (2
)
     -  
Net pension income before special termination benefits
     (34
)
     (3
)
     (29
)
     (3
)
Special termination benefits
     1       -       4       -  
Net pension income
     (33
)
     (3
)
     (25
)
     (3
)
Other plans including unfunded plans
     -       (1
)
     -       2  
Total net pension income
   $ (33
)
   $ (4
)
   $ (25
)
   $ (1
)
 
The total net pension income reported for the three months ended March 31, 2016 and 2015 includes less than $1 million of costs reported as discontinued operations in each respective period.  
 
 
 
For the three months ended March 31, 2016 and 2015, the special termination benefits charges of $1 million and $4 million, respectively, were incurred as a result of Kodak’s restructuring actions.
 
Kodak made contributions (funded plans) or paid benefits (unfunded plans) totaling approximately $4 million relating to its defined benefit pension and postretirement plans for the three months ended March 31, 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.