Eastman Kodak Co., Rochester, N.Y., expects to contribute $22 million to its U.S. pension plans in 2005, according to the company's annual report filed today with the SEC. The filing said the plans had combined assets of about $6.5 billion and a $5 million surplus as of Dec. 31. Eastman Kodak contributed $30 million to the plans in 2004.
Gerard Meuchner, director-corporate media relations, said the company has five U.S. defined benefit plans, and more than 90% of the assets are in the primary plan.
Kodak officials restated the company's 2003 earnings for the first three quarters of 2004. The annual report said "the restatement reflects adjustments to correct errors" in the company's accounting for pensions as well as other areas.
