Note 12 - Retirement Plans and Other Postretirement Benefits

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Retirement Benefits [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
	March 31,
	2024						2023
(in millions)	U.S.			Non-U.S.			U.S.			Non-U.S.
Major defined benefit plans:
Service cost	$	3		$	1		$	3		$	1
Interest cost		27			5			29			5
Expected return on plan assets		(62	)		(5	)		(64	)		(5	)
Amortization of:
Prior service cost		3			—			2			—
Actuarial gain		(9	)		—			(7	)		—
Net pension (income) expense before special termination benefits		(38	)		1			(37	)		1
Special termination benefits		1			—			—			—
Total net pension (income) expense	$	(37	)	$	1		$	(37	)	$	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.