Company: KODK
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0000950170-25-040256
Chunk: 148

Company: EASTMAN KODAK CO
Filing Date: 2025-03-17
Form: 10-K
Item: Item 1B
Chunk 148
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 cost was recognized as a result of a plan amendment ($29 million) in 2023. The Non-U.S. PBO actuarial gain of $12 million recognized in 2024 was driven by lower inflation assumptions ($8 million), increases in discount rates ($1 million) and favorable demographic experience ($3 million). The Non-U.S. PBO actuarial loss of $12 million recognized in 2023 was driven by decreases in discount rates ($20 million) and unfavorable demographic experience ($1 million), partially offset by gains associated with lower inflation assumptions ($9 million).The actual return on plan assets for the U.S. Plan was a loss of $149 million for the year ended December 31, 2024, which was driven by the loss on the sale of KRIP Illiquid Assets of $238 million partially offset by strong performance of debt securities and hedge funds. The actual return on plan assets for the year ended December 31, 2023 was $170 million, which reflected strong performance of debt securities and certain hedge fund investments. The total net realized losses from derivative investments for 2024 and 2023 were approximately $18 million and $1 million, respectively. Refer to discussion below on derivative instruments for further information.

93

The weighted-average assumptions used to determine the benefit obligation amounts for all major funded and unfunded U.S. and Non-U.S. defined benefit plans were as follows: 

        As of December 31,

        2024

        2023

        2022

        U.S.

        Non-U.S.

        U.S.

        Non-U.S.

        U.S.

        Non-U.S.

        Discount rate

        5.45
        %

        3.49
        %

        4.92
        %

        3.47
        %

        5.13
        %

        3.93
        %

        Salary increase rate

        1.00
        %

        2.29
        %

        1.50
        %

        2.06
        %

        1.00
        %

        2.71
        %

        Interest crediting rate for cash balance plan

        4.75
        %
         
        NA

        4.00
        %
         
        NA

        4.00
        %
         
        NA

       Amounts recognized in the Consolidated Statement of Financial Position for all major funded and unf