Kodak 2015 Annual Report Download - page 41

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Amounts recognized in the Consolidated Statement of Financial Position for all major funded and unfunded U.S. and Non-U.S. defined benefit plans are as follows:
As of December 31,
(in millions) 2015 2014
U.S. Non-U.S. U.S. Non-U.S.
Other long-term assets $ — $ 39 $ — $ 29
Pension and other postretirement liabilities (306) (111) (278) (152)
Net amount recognized $(306) $ (72) $(278) $ (123)
Information with respect to the major funded and unfunded U.S. and Non-U.S. defined benefit plans with an accumulated benefit obligation in excess of plan assets
is as follows:
As of December 31,
(in millions) 2015 2014
U.S. Non-U.S. U.S. Non-U.S.
Projected benefit obligation $4,099 $ 524 $4,438 $ 623
Accumulated benefit obligation 4,098 516 4,436 613
Fair value of plan assets 3,793 412 4,160 471
Amounts recognized in accumulated other comprehensive (loss) income for all major funded and unfunded U.S. and Non-U.S. defined benefit plans consist of:
As of December 31,
(in millions) 2015 2014
U.S. Non-U.S. U.S. Non-U.S.
Prior service credit $ 50 $ 4 $ 58 $ 4
Net actuarial loss (285) (6) (159) (32)
Total $(235) $ (2) $(101) $ (28)
Other changes in plan assets and benefit obligations recognized in Other comprehensive income (expense) are as follows:
Successor Predecessor
Year Ended
December 31, 2015
Year Ended
December 31, 2014
Four Months Ended
December 31, 2013
Eight Months Ended
August 31, 2013
(in millions) U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S.
Newly established (loss) gain $(126) $ 25 $(255) $ (46) $ 97 $ 8 $ 80 $ 78
Newly established prior service credit — — 61 — — 6 — —
Amortization of:
Prior service (credit) cost (8) — (3) — — — 1 —
Net actuarial loss — 2 — — — — 120 55
Prior service cost recognized due to curtailment — — — — — — 1 1
Net curtailment gain not recognized in expense — — — — — — 20 7
Net loss (gain) recognized in expense due to settlements — — 10 — (11) — — 1,542
Transfers — — — 1 — — — —
Total Income (loss) recognized in Other comprehensive income
before fresh start accounting $(134) $ 27 $(187) $ (45) $ 86 $ 14 $ 222 $ 1,683
Effect of application of fresh start accounting $ 1,955 $ 418
The Company expects to recognize $7 million of prior service credits and $1 million of net actuarial losses as components of net periodic benefit cost over the next
year.
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