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Note 17 - Retirement Plans and Other Postretirement Benefits
 9 Months Ended
Sep. 30, 2019
Compensation And Retirement Disclosure [Abstract]  
Retirement Plans and Other Postretirement Benefits

NOTE 17: 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,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

(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

 

 

$

—

 

 

$

4

 

 

$

1

 

 

$

8

 

 

$

2

 

 

$

10

 

 

$

3

 

Interest cost

 

 

30

 

 

 

3

 

 

 

27

 

 

 

3

 

 

 

91

 

 

 

9

 

 

 

82

 

 

 

9

 

Expected return on plan assets

 

 

(53

)

 

 

(6

)

 

 

(55

)

 

 

(7

)

 

 

(160

)

 

 

(17

)

 

 

(167

)

 

 

(20

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prior service credit

 

 

(2

)

 

 

—

 

 

 

(2

)

 

 

—

 

 

 

(5

)

 

 

—

 

 

 

(6

)

 

 

—

 

Actuarial loss

 

 

—

 

 

 

2

 

 

 

1

 

 

 

1

 

 

 

—

 

 

 

4

 

 

 

4

 

 

 

3

 

Net pension income before special

   termination benefits

 

 

(22

)

 

 

(1

)

 

 

(25

)

 

 

(2

)

 

 

(66

)

 

 

(2

)

 

 

(77

)

 

 

(5

)

Special termination benefits

 

 

—

 

 

 

—

 

 

 

3

 

 

 

—

 

 

 

2

 

 

 

—

 

 

 

4

 

 

 

—

 

Curtailment gain

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(2

)

 

 

—

 

 

 

—

 

 

 

—

 

Net pension income from major plans

 

 

(22

)

 

 

(1

)

 

 

(22

)

 

 

(2

)

 

 

(66

)

 

 

(2

)

 

 

(73

)

 

 

(5

)

Other plans

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(3

)

 

 

—

 

 

 

(4

)

 

 

—

 

 

 

(3

)

Total net pension income

 

$

(22

)

 

$

(1

)

 

$

(22

)

 

$

(5

)

 

$

(66

)

 

$

(6

)

 

$

(73

)

 

$

(8

)

 

For the three and nine months ended September 30, 2019 the special termination benefits charges 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 those periods.

 

The $2 million curtailment gain for the nine months ended September 30, 2019 was incurred as a result of the sale of FPD and is included in Income from discontinued operations in the Consolidated Statement of Operations.  In addition, the amounts shown for Other plans include $5 million of settlement gains for the nine months ended September 30, 2019 due to the transfer of non-major, non-U.S. pension liabilities as a result of the sale of FPD.  These amounts are also included in Income from discontinued operations in the Consolidated Statement of Operations.