1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
AMENDMENT TO APPLICATION OR REPORT
Filed Pursuant to Section 13 or 15 (d) of
The Securities Exchange Act Of 1934
Eastman Kodak Company
(Exact name of registrant as specified in its charter)
AMENDMENT NO. 1
The undersigned registrant hereby amends the following items, financial
statements, exhibits, or other portions of its Annual Report on Form 10-K for
the year ended December 31, 1995 as set forth below:
The exhibit listed below and attached hereto is hereby added to the
registrant's Annual Report on Form 10-K for the year ended December 31, 1995.
Exhibit
(99) Eastman Kodak Employees' Savings and Investment Plan Annual Report
on Form 11-K for the fiscal year ended December 30, 1995.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this amendment to be signed on its behalf by the
undersigned, thereunto duly authorized.
Eastman Kodak Company
(Registrant)
David J. FitzPatrick
Vice President and Controller
Date: April 30, 1996
1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
[X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED]
For the fiscal year ended December 30, 1995
-----------------
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 [NO FEE REQUIRED]
For the transition period from to
-------- --------
Commission file number 1-87
---------
A. Full title of the plan and the address of the plan, if
different from that of the issuer named below:
EASTMAN KODAK EMPLOYEES'
SAVINGS AND INVESTMENT PLAN
B. Name of issuer of the securities held pursuant to the plan
and the address of its principal executive office:
EASTMAN KODAK COMPANY
343 STATE STREET
ROCHESTER, NEW YORK 14650
2
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN
INDEX TO FINANCIAL STATEMENTS, SCHEDULES AND EXHIBIT
DECEMBER 30, 1995
Page No.
(a) Financial Statements
Report of Independent Accountants 3
Statement of Net Assets 4
Statement of Changes in Net Assets 5
Notes to Financial Statements 6-18
(b) Schedules
I. Schedule of Investments 19-36
II. Allocation of Net Assets to
Investment Funds 37-42
III. Allocation of Changes in Net
Assets to Investment Funds 43-49
(c) Exhibit
Consent of Independent Accountants 50
3
REPORT OF INDEPENDENT ACCOUNTANTS
To the Savings and Investment
Plan Committee and the Participants of the
Eastman Kodak Employees' Savings
and Investment Plan
In our opinion, the financial statements and related schedules
listed in the index appearing on page 2 of this Annual Report on
Form 11-K present fairly, in all material respects, the net
assets of the Eastman Kodak Employees' Savings and Investment
Plan at December 30, 1995 and 1994, and the changes in net assets
for each of the three fiscal years in the period ended December
30, 1995, in conformity with generally accepted accounting
principles. These financial statements are the responsibility of
the Plan Administrator; our responsibility is to express an
opinion on these financial statements based on our audits. We
conducted our audits of these statements in accordance with
generally accepted auditing standards which require that we plan
and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial
statements, assessing the accounting principles used and
significant estimates made by the Plan Administrator, and
evaluating the overall financial statement presentation. We
believe that our audits provide a reasonable basis for the
opinion expressed above.
PRICE WATERHOUSE LLP
Rochester, New York
April 26, 1996
4
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN
STATEMENT OF NET ASSETS
(in thousands)
December 30,
----------------------
1995 1994
---- ----
ASSETS
Investments at Fair Value:
Eastman Kodak Company common stock $ 501,602 $ 402,780
Eastman Chemical Company common stock 40,174 24,319
Other common stocks 156,596 126,020
Mutual funds 474,403 366,552
Interest in common/collective
trusts (pooled) funds 132,721 93,546
Short-term interest funds 4,798 7,956
Corporate debt instruments - 41
Investments at Contract Value:
Group annuity contracts 3,305,515 3,021,859
Loans to participants 62,609 50,921
Employer contributions receivable 3,600 3,548
Dividends and interest receivable 3,576 3,893
Receivables for securities sold 1,337 1,098
Miscellaneous receivable 139 -
Cash 36 37
---------- ----------
Total assets (cost: 1995 - $4,396,944
1994 - $4,027,147)
4,687,106 4,102,570
---------- ----------
LIABILITIES
Distributions payable to participants 15,275 11,906
Distributions payable to successor plans 522,627 459,973
Payable for securities purchased 700 696
Accrued expenses 3,201 1,873
---------- ----------
Total liabilities 541,803 474,448
---------- ----------
Net assets $4,145,303 $3,628,122
========== ==========
(See accompanying notes to financial statements)
5
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN
STATEMENT OF CHANGES IN NET ASSETS
(in thousands)
For the year ended December 30,
----------------------------------------------
1995 1994 1993
---- ---- ----
ADDITIONS TO NET ASSETS:
Dividends on Eastman Kodak
Company common stock $ 12,413 $ 12,081 $ 11,415
Dividends on Eastman Chemical
Company common stock 499 490 -
Other dividends 13,641 13,666 5,833
Interest 272,618 261,888 258,608
Income from common/collective
trusts (pooled) funds 684 804 1,563
Miscellaneous income 4 - -
Net realized and unrealized
gains (losses) from investments 291,817 34,325 122,946
Employer contributions 150,533 152,802 175,142
---------- ---------- ----------
Total Additions 742,209 476,056 575,507
---------- ---------- ----------
DEDUCTIONS FROM NET ASSETS:
Distributions to participants (155,879) (153,825) (118,320)
Distributions to successor plans (62,655) (459,973) -
Administrative expenses (6,494) (5,907) (2,115)
---------- ---------- ----------
Total Deductions 225,028 619,705 120,435
---------- ---------- ----------
Increase (Decrease) in net assets 517,181 (143,649) 455,072
Net assets at beginning of year 3,628,122 3,771,771 3,316,699
---------- ---------- ----------
Net assets at end of year $4,145,303 $3,628,122 $3,771,771
========== ========== ==========
(See accompanying notes to financial statements)
6
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN
NOTES TO FINANCIAL STATEMENTS
NOTE 1: DESCRIPTION OF PLAN
General
The Eastman Kodak Employees' Savings and Investment Plan (the Plan or SIP) is
a defined contribution plan of a controlled group of corporations consisting
of Eastman Kodak Company and certain United States subsidiaries operating in
the United States (Kodak). Regular full-time, regular part-time,
supplementary or conditional employees of these corporations are eligible to
participate in the Plan. Limited service employees, co-ops and special
program employees are not eligible. The Plan is subject to the Employee
Retirement Income Security Act of 1974.
The Plan is administered by the Savings and Investment Plan Committee (SIPCO),
which is the Plan Administrator and Named Fiduciary. The Trusts, forming part
of the Plan, are administered by Boston Safe Deposit and Trust Company (Boston
Safe) and Fidelity Management Trust Company (the Plan Trustees).
Plan Amendments and Other Changes
Effective February 1, 1994, the Plan added three new funds, the Balanced
Mutual Fund, the Large Stock Index Fund and the International Stock Fund. The
Plan also renamed the existing funds as follows: the Kodak Stock Fund
(formerly Fund A), the Smaller Stock Fund (formerly Fund B) and the Fixed
Income Fund (formerly Fund D).
On December 31, 1993, Kodak spun off its worldwide chemical business, Eastman
Chemical Company (ECC or Eastman). Subsequent to the spin-off, account
balances of the ECC participants were liquidated and the proceeds invested in
newly-created funds (7 different fund options) within the Plan that are
managed by Fidelity Management Trust Company (Fidelity), the trustee and
recordkeeper for ECC participants. Effective January 1, 1994, all salary
deferrals of ECC participants have been contributed to the Eastman Investment
Plan (EIP). The provisions of the Plan described below with respect to loans
and distributions apply equally to the ECC participants in the Plan. Upon
receiving determination letters from the IRS with respect to the SIP and EIP
plans, the account balances of ECC participants will be transferred from SIP
to EIP. See Federal Income Tax Status footnote. The balances of the ECC
participants are reflected as a liability in the accompanying financial
statements.
Effective November 30, 1994, Kodak sold its Clinical Diagnostics Division
(CDD); the CDD employees remained employees of Kodak and active participants
in the Plan until December 26, 1994. Upon receiving a determination letter
from the IRS with respect to the SIP Plan and successor plan sponsored by the
purchaser of CDD, the account balances of the CDD employees will be
transferred from SIP to such successor plan. The balances of the CDD
employees are reflected as a liability in the accompanying financial
statements.
7
Plan Amendments and Other Changes (Cont'd)
The Plan was amended in 1993 to provide for the payment of certain
administrative expenses by the Trust, including fees for attorneys,
accountants, investment advisors and the Plan Trustees.
Contributions
The Plan includes a salary reduction provision allowing eligible participants
to defer up to 15% of qualifying compensation as defined in the Plan. The
maximum deferral for a Plan year is limited to 15% of the aggregate of wage
dividend and qualifying compensation, but not more than the statutory limit of
$9,240 for calendar year 1995 ($9,240 and $8,994 for calendar years 1994 and
1993, respectively). Participants' salary deferrals are contributed to the
Plan by Kodak on behalf of the participants. All contributions are
immediately vested. Boston Safe will invest the amount contributed to the
Plan into the investment funds described in the Investments footnote, as
directed by the participant. Participants may make transfers among the funds
once a month.
Loans
SIPCO may grant a loan to a participant provided that the aggregate of the
participant's outstanding loans made after 1993 plus two times the
participant's outstanding loans initiated before 1994 will not exceed the
lesser of: 1) $50,000 less the highest outstanding loan balance during the
previous 12 months, or 2) 50% of the current value of the participant's
account. A new loan must be at least $1,000 and repaid within five years of
the date of the loan. In accordance with the Plan provisions, the rate of
interest is fixed at the discretion of SIPCO. Interest is charged at the
lesser of the maximum legal rate or the prime rate.
Distributions
Distributions from the Plan are made under the following circumstances:
1. No portion of an account may be withdrawn without the
approval of SIPCO or its designee. Approval of hardship
withdrawals will only be granted in order to meet
obligations relating to the payment of substantial out-of-
pocket medical (or dental) bills for the participant, the
participant's spouse or any of the participant's dependents,
the purchase or construction of a primary, single family
residence, tuition, room and board or other post-secondary
educational expenses, or payments to prevent
eviction/foreclosure.
2. Upon attaining age 59 1/2, a participant may elect to
receive a lump sum cash distribution from the Plan while
still actively employed.
3. Upon separation from service with Kodak for any reason
except death, the full value of a participant's account is
distributed as designated by the participant in a lump sum
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Distributions (Cont'd)
payment, or in monthly or annual installments. If an
appropriate designation is not made by the participant, the
account is paid in a lump sum cash payment in February
following the year the participant turns age 65.
Certain participants who separate from service with Kodak
may elect to defer distributions from the Plan up to March
15 of the year after attaining age 70 1/2. This election is
available to separated participants who at the time of
separation either: a) have an account balance of more than
$3,500, b) are age 65 or older, c) are age 55 or older with
10 or more years of Total Service as defined in the Kodak
Retirement Income Plan, or d) as of December 31, 1995, had
age and Total Service as defined in the Kodak Retirement
Income Plan which, when added together, totaled at least 75.
4. In the event of death, the value of a participant's account
is paid in a lump sum to a designated beneficiary, if any,
or to the decedent's estate, except that if there is a
surviving spouse, then the entire sum will be paid to such
spouse unless the spouse consents to the beneficiary
designation of the participant.
5. The Plan Trustees are authorized to honor "qualified
domestic relations orders" issued and served in accordance
with Section 414(p) of the Internal Revenue Code.
Plan Termination
While Kodak expects to continue the Plan, it has the right to discontinue
contributions and amend or terminate the Plan at any time. In the event that
contributions to the Plan are discontinued, the Plan Trustees will continue
to administer the Trusts. In the event of the termination of the Trusts as a
result of or incident to termination of the Plan, the value of the
participants' accounts will be paid in accordance with the provisions of the
Plan.
NOTE 2: SUMMARY OF ACCOUNTING POLICIES
Basis of Accounting
The Plan operates on a fiscal year ending December 30.
The Plan's financial statements have been prepared on the accrual basis of
accounting. Distributions to participants are recorded when the request for
payment meeting the provisions of the Plan is received.
Employer contributions represent qualifying compensation withheld from the
participants by Kodak for contribution to the Plan.
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Investment Valuation and Income Recognition
The group annuity contracts included in the Fixed Income Funds are valued at
cost plus interest reinvested. American Institute of Certified Public
Accountant's (AICPA's) Statement of Position (SOP) 94-4, "Reporting of
Investment Contracts Held by Health and Welfare Benefit Plans and
Defined-Contribution Pension Plans", which is effective for the plan year
ended December 30, 1995, requires that guaranteed investment contracts be
valued at cost plus interest reinvested if they are fully benefit responsive,
as defined by SOP 94-4. SIPCO believes that the group annuity contracts held
by the Plan are fully benefit responsive. In aggregate, the recorded value
of the group annuity contracts approximates their fair value. Interest in
common or collective trusts (pooled) funds reflect fair values as certified
by the managers of such funds. Fair values of all other investments were
based upon active market quotations at national exchanges, if available, at
December 30, or, if not available, upon amounts believed by SIPCO to be
realizable at that time.
Purchases and sales of securities are recorded on a trade-date basis.
Interest income is recorded on the accrual basis. Dividends are recorded on
the ex-dividend date.
Reclassifications
Certain reclassifications of December 30, 1994 and December 30, 1993
financial statement and related schedule amounts have been made to conform
with the December 30, 1995 presentation.
NOTE 3: INVESTMENTS
All contributions are paid to Boston Safe. No bond is furnished by the Plan
Trustees in connection with the custody of security investments or other
assets of the Plan.
The Plan Trustees are authorized to keep any portion of any of the foregoing
funds in cash or liquid investments as they may deem advisable.
All dividends, interest or gains derived from investments in each Fund are
reinvested in the respective Fund by the Plan Trustees.
Funds at Boston Safe
The Kodak Stock Fund consists primarily of Kodak stock. Purchases of Kodak
stock are made throughout the year in a systematic manner. When Kodak spun
off its worldwide chemical business on December 31, 1993, shareowners
received one share of ECC for every four Kodak shares owned. In 1994,
1,279,321 shares of ECC stock were sold at an average price of $46.10 per
share and the proceeds were used to acquire shares of Kodak stock.
The Smaller Stock Fund consists primarily of investments in U.S. stocks made
through mutual funds, group trusts, or separate accounts, all of which are
selected by an Investment Manager appointed by SIPCO.
10
Funds at Boston Safe (Cont'd)
The Fixed Income Fund's assets are invested primarily in contracts with
insurance companies. Effective annual yields on these contracts ranged
between 4.47% and 12.97% depending on the date of the contribution, transfer
or rollover. The blended rate of return on the Fixed Income Fund was
approximately 8.7% in 1995 (8.5% in 1994 and 9.3% in 1993).
The Balanced Mutual Fund is composed of a single mutual fund selected by
SIPCO, the Fidelity Puritan Fund, which is a balanced fund that seeks current
income consistent with preservation of capital by investing in a diversified
portfolio of mainly high-dividend-paying common stocks, preferred stocks, and
bonds of any quality.
The Large Stock Index Fund invests in all 500 stocks that compose the
Standard & Poor's 500 Index.
The International Stock Fund invests in a large number of widely diversified
stocks in more than 30 countries around the world.
Funds at Fidelity
The account balance of each ECC participant was invested in the following
funds as designated by each participant.
The Kodak Stock Fund continued to be available into 1994 and then was
discontinued as an investment option available to ECC participants.
The Eastman Stock Fund consists primarily of shares of Eastman Chemical
Company common stock.
The Fidelity Managed Income Portfolio is a fixed income fund consisting of
investment contracts with one or more financial institutions that pay
interest to the fund. The rate of interest paid to the fund will change from
time to time as investment contracts mature and new contracts are purchased.
Effective annual yields on these contracts ranged between 4.47% and 12.97%
depending on the date of the contribution, transfer or rollover. The
blending of earnings in the Fidelity Managed Income Portfolio produced an
effective yield of approximately 8.51% in 1995 and 8.97% in 1994.
The Fidelity Fund seeks long-term capital growth and reasonable current
income. It focuses investments on companies that the fund's manager believes
are marked by solid balance sheets and good prospects for growth.
Investments will be diversified across a variety of market sectors.
The Fidelity Puritan Fund is a balanced fund that seeks current income
consistent with preservation of capital by investing in a diversified
portfolio of mainly high-dividend-paying common stocks, preferred stocks, and
bonds of any quality.
11
Funds at Fidelity (Cont'd)
The Fidelity Magellan Fund is a growth fund seeking long-term capital
appreciation by investing in stocks, and corporate securities convertible
into stocks, of domestic, multinational and foreign companies that the fund's
manager believes offer potential for growth, which also leads to a
correspondingly higher level of risk.
The Fidelity Contrafund is a growth fund seeking long-term capital
appreciation by investing primarily in securities of companies believed by
the fund's manager to be out of favor and undervalued.
The number of participants in each fund was as follows:
December 30,
----------------------
1995 1994
---- ----
Boston Safe Funds:
Kodak Stock Fund 28,744 25,250
Smaller Stock Fund 28,940 26,834
Fixed Income Fund 60,635 58,857
Balanced Mutual Fund 9,019 6,140
Large Stock Index Fund 7,874 3,938
International Stock Fund 8,040 5,716
December 30,
----------------------
1995 1994
---- ----
Fidelity Funds:
Kodak Stock Fund 2,240 2,586
Eastman Stock Fund 2,778 2,567
Fidelity Managed Income Portfolio 10,079 10,325
Fidelity Fund 1,965 2,119
Fidelity Puritan Fund 2,581 2,888
Fidelity Magellan Fund 4,239 4,664
Fidelity Contrafund 2,147 2,291
The total number of participants in the Plan was less than the sum of the
number of participants shown above because many participants invest in more
than one fund.
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NOTE 4: LOANS TO PARTICIPANTS
The Plan Trustees make loans to participants in accordance with Plan
provisions. The Plan's receivable for loans made during 1995 and 1994 is
recorded as an asset of a Loan Fund. The Plan's receivable for loans made
prior to 1994 continues to be recorded as an asset of each of the funds from
which the participants made the loan election. Loans made are accounted for
as a transfer from the fund directed by the participant to the loan fund. The
principal portion of loan repayments reduce the Loan Fund receivable. The
principal and interest repaid are directed to funds to which the participant's
current contributions are directed; the principal is accounted for as a
transfer and the interest accounted for as income in the fund to which the
participant's current contributions are directed. Loans cannot be made from
the Fixed Income Funds.
Interest income earned on loans to participants for the fiscal years ended
December 30 is:
(in thousands)
1995 1994 1993
------ ------ ------
Boston Safe Funds:
Kodak Stock Fund $ 564 $ 666 $ 793
Smaller Stock Fund 823 1,080 1,114
Fixed Income Fund 1,874 538 -
Balanced Mutual Fund 71 21 -
Large Stock Index Fund 51 9 -
International Stock Fund 42 14 -
------ ------ ------
Total $3,425 $2,328 $1,907
====== ====== ======
1995 1994
------ ------
Fidelity Funds:
Kodak Stock Fund $ 9 $ 11
Eastman Stock Fund 27 13
Fidelity Managed Income
Portfolio 310 179
Fidelity Fund 14 9
Fidelity Puritan Fund 28 16
Fidelity Magellan Fund 61 51
Fidelity Contrafund 22 18
------ ------
Total $ 471 $ 297
====== ======
For purposes of Form 5500 the interest income shown above is included in
interest from other loans.
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NOTE 5: NET REALIZED AND UNREALIZED GAINS (LOSSES) FROM INVESTMENTS
Components of net realized and unrealized gains (losses) from investments and
proceeds from sales of investments for the fiscal years ended on December 30 are:
(in thousands)
Realized Unrealized Net Realized
gains gains and Unrealized Proceeds
(losses) (losses) gains (losses) from
from from from sales of
investments investments investments investments
----------- ----------- -------------- -----------
1995
Boston Safe Eastman Kodak
Company common stock $17,500 $127,190 $144,690 $105,480
Fidelity Eastman Kodak
Company common stock 4,880 2,352 7,232 26,772
Fidelity Eastman stock 4,553 2,102 6,655 89,992
Other securities 38,851 94,389 133,240 169,336
------- -------- -------- --------
$65,784 $226,033 $291,817 $391,580
======= ======== ======== ========
1994
Boston Safe Eastman Kodak
Company common stock $19,846 $ 2,845 $ 22,691 $ 25,142
Fidelity Eastman Kodak
Company common stock 1,172 3,359 4,531 16,828
Fidelity Eastman stock 829 2,043 2,872 26,521
Other securities 20,730 (16,499) 4,231 724,197
------- -------- -------- --------
$42,577 $ (8,252) $ 34,325 $792,688
======= ======== ======== ========
1993
Eastman Kodak Company
common stock $22,537 $ 78,627 $101,164 $ 97,295
Other securities 13,039 8,743 21,782 244,948
------- -------- -------- --------
$35,576 $ 87,370 $122,946 $342,243
======= ======== ======== ========
Consistent with Department of Labor regulations, the components of net realized
and unrealized gains and losses from investments are calculated for purposes of
Form 5500 based on an investment's current value at the beginning of the year,
or acquisition cost if acquired during the year (revalued cost). For
purposes of determining realized gains and losses, the revalued cost of
investments sold are determined based upon a weighted average basis.
14
NOTE 6: UNIT VALUES AND PARTICIPANT UNITS
(in thousands, except per unit data)
Following are the funds' month-end unit values and participants' units as calculated by the Trustees.
Kodak Smaller Fixed Balanced Large Stock International
Stock Fund Stock Fund Income Fund Mutual Fund Index Fund Stock Fund
---------------- ---------------- ----------------- ---------------- ---------------- ----------------
Unit Unit Unit Unit Unit Unit
Value Units Value Units Value Units Value Units Value Units Value Units
----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- -----
1995
----
January $15.0685 26,008 $17.2073 22,038 $13.0164 213,600 $ 9.7775 6,112 $10.2868 2,748 $ 9.1940 4,721
February 15.7864 25,165 17.7324 21,743 13.1009 214,881 10.0723 6,086 10.6743 2,806 9.0807 4,573
March 16.4715 24,234 18.1159 21,782 13.1944 217,663 10.3041 6,141 10.9885 3,056 9.4996 4,698
April 17.7611 23,160 18.4164 21,711 13.2854 218,367 10.5114 6,338 11.3028 3,274 9.7944 4,902
May 18.7554 23,702 18.8146 21,517 13.3800 217,214 10.7334 6,483 11.7387 3,462 9.8095 4,991
June 18.8246 24,672 19.3313 21,528 13.4718 215,772 10.8543 6,498 12.0151 3,641 9.7335 4,837
July 17.8873 25,487 20.0670 21,636 13.5671 213,797 11.2170 6,593 12.3953 4,013 10.3433 4,801
August 18.0442 25,566 20.4823 21,628 13.6630 213,204 11.2698 6,673 12.4269 4,145 10.1110 4,973
September 18.5041 24,993 20.9314 21,691 13.7564 213,433 11.4284 6,727 12.9388 4,248 10.2605 5,001
October 19.5477 24,123 20.2634 21,782 13.8526 213,496 11.2441 6,862 12.8935 4,760 9.9805 5,071
November 21.4281 23,091 20.9552 21,831 13.9463 213,978 11.6399 7,013 13.4240 5,203 10.1649 5,171
December 21.0227 23,837 21.3790 21,857 14.0432 211,742 11.9054 6,985 13.6526 5,437 10.4931 5,592
1994
----
January $13.1614 23,892 $17.5092 24,491 $11.9962 220,988 $10.0000 2,486 $10.0000 656 $10.0000 1,696
February 12.8902 23,857 17.3762 24,235 12.0620 218,291 9.9578 4,088 9.9858 1,186 9.9600 2,652
March 13.1532 23,957 16.7451 24,225 12.1353 219,121 9.6107 4,885 9.5378 1,587 9.5937 3,046
April 12.7038 24,583 16.9046 23,957 12.2135 217,556 9.7089 5,165 9.6417 1,750 9.8725 3,232
May 14.2177 24,264 16.8853 23,811 12.2969 217,333 9.7722 5,430 9.8061 1,887 9.8833 3,637
June 14.5874 24,425 16.5158 23,586 12.3827 217,050 9.6929 5,594 9.5626 2,037 9.7177 3,767
July 14.6618 24,794 17.0051 23,130 12.4725 216,857 9.9324 5,663 9.8681 2,105 10.0029 3,849
August 15.1800 24,902 17.6836 22,920 12.5628 216,300 10.2236 5,861 10.2698 2,185 10.3276 4,034
September 15.7718 23,896 17.4677 22,830 12.6508 217,032 10.0075 5,940 10.0253 2,314 10.0446 4,231
October 14.6868 25,141 17.6552 22,712 12.7422 214,944 10.1239 6,036 10.2448 2,447 10.2602 4,550
November 14.0218 26,744 16.9373 22,632 12.8314 212,291 9.8056 6,100 9.8789 2,574 9.7532 4,726
December 14.6890 26,409 17.1395 22,502 12.9232 212,737 9.8250 6,018 10.0300 2,623 9.6911 4,765
15
UNIT VALUES AND PARTICIPANT UNITS (Cont'd)
(in thousands, except per unit data)
Kodak Eastman Fidelity Managed Fidelity Fidelity
Stock Fund Stock Fund Income Portfolio Fidelity Fund Puritan Fund Magellan Fund
---------------- ---------------- ---------------- ---------------- ---------------- ----------------
Unit Unit Unit Unit Unit Unit
Value Units Value Units Value Units Value Units Value Units Value Units
----- ----- ----- ----- ----- ----- ----- ----- ----- ----- ----- -----
1995
----
January $11.21 1,720 $11.14 2,491 $1.00 281,150 $18.45 450 $14.74 1,102 $66.12 502
February 11.75 1,683 12.23 1,928 1.00 292,008 19.08 438 15.19 1,081 69.83 481
March 12.23 1,616 12.50 1,654 1.00 299,504 19.67 435 15.42 1,077 72.44 469
April 13.20 1,461 12.74 2,037 1.00 299,870 20.15 428 15.73 1,056 75.81 459
May 13.94 1,445 13.43 1,609 1.00 307,370 20.49 430 16.07 1,037 77.59 459
June 13.99 1,486 13.36 1,750 1.00 307,884 21.04 428 16.15 1,044 83.50 448
July 13.25 1,724 14.25 1,616 1.00 307,937 22.00 429 16.69 1,028 89.91 454
August 13.33 1,762 14.39 1,723 1.00 307,750 21.77 437 16.77 1,022 90.69 453
September 13.70 1,644 14.33 2,366 1.00 302,453 22.31 438 16.78 1,030 92.37 446
October 14.34 1,435 13.27 2,974 1.00 298,380 22.05 444 16.51 1,031 89.99 447
November 15.63 1,355 14.60 2,173 1.00 312,378 22.98 450 17.10 1,012 91.99 450
December 15.39 1,363 13.97 2,911 1.00 300,029 22.61 479 17.01 1,052 85.98 488
1994
----
January $ 9.84 2,611 $ 9.60 459 $1.00 261,294 $20.09 483 $16.45 1,193 $73.65 572
February 9.62 2,387 9.11 557 1.00 258,586 19.69 504 16.27 1,245 73.11 586
March 9.92 2,280 8.87 807 1.00 264,517 18.71 502 15.52 1,230 69.72 583
April 9.29 2,218 9.78 902 1.00 265,702 19.15 492 15.69 1,208 70.42 583
May 10.57 2,092 10.57 991 1.00 268,578 19.13 481 15.79 1,178 66.84 605
June 10.84 2,053 10.58 1,082 1.00 269,607 18.60 478 15.15 1,183 63.94 605
July 10.90 2,028 11.42 1,089 1.00 273,247 19.22 467 15.93 1,148 66.08 590
August 11.30 1,928 11.67 1,195 1.00 276,641 19.10 486 16.40 1,136 69.21 570
September 11.73 1,865 12.11 1,252 1.00 279,149 18.62 481 15.35 1,178 67.41 566
October 10.93 1,857 12.04 1,586 1.00 279,319 19.02 478 15.53 1,161 69.69 541
November 10.46 1,815 10.52 2,652 1.00 271,998 18.35 472 15.04 1,135 65.87 527
December 10.93 1,796 11.32 2,203 1.00 280,203 18.48 470 14.81 1,146 66.80 516
16
UNIT VALUES AND PARTICIPANT UNITS (Cont'd)
(in thousands, except per unit data)
Fidelity
Contrafund
----------------
Unit
Value Units
----- -----
1995
----
January $29.79 454
February 30.99 444
March 32.12 432
April 33.57 429
May 34.38 420
June 36.56 416
July 39.36 424
August 39.88 427
September 40.61 426
October 39.87 433
November 40.92 437
December 38.02 486
1994
----
January $31.81 473
February 31.36 520
March 30.12 522
April 30.49 528
May 30.32 519
June 29.13 519
July 29.74 511
August 30.98 502
September 30.57 493
October 31.44 484
November 30.01 467
December 30.28 466
17
NOTE 7: SIGNIFICANT INVESTMENTS
The following table represents investments having a value equal to or greater
than 5% of net assets at December 30, 1995:
(in thousands)
Principal Fair or
Maturity Interest Amount or Contract
Investment Date Rate Shares Cost Value
---------- -------- -------- --------- ---- ----------
Eastman Kodak Company
common stock N/A N/A 7,487 $309,491 $ 501,602
John Hancock Life Ins.
GAC #4481 3/1/1999 8.84% $330,555 330,555 330,555
John Hancock Life Ins.
GAC #5702 10/3/2002 10.1% $238,705 238,705 238,705
-------- ----------
TOTAL $878,751 $1,070,862
======== ==========
NOTE 8: FEDERAL INCOME TAX STATUS
In February 1988, the Plan received a favorable tax determination letter from
the Internal Revenue Service. The Plan has been amended since receiving such
letter. The Plan Administrator believes that the Plan continues to be in
compliance with the applicable requirements of the Internal Revenue Code and,
accordingly, participants' contributions to the Plan and earnings thereon are
not taxable to a participant until distributed, subject to certain Internal
Revenue Code limitations.
The Plan Administrators of the Plan and EIP have requested tax determination
letters from the Internal Revenue Service pursuant to the requirements of the
Tax Reform Act of 1986, which the Plan Administrators expect to receive. Upon
receiving such determination letters, the account balances of ECC participants
will be transferred to EIP.
NOTE 9: RELATED PARTY TRANSACTIONS
Certain Plan investments are shares of mutual funds managed by Fidelity
Investments. Fidelity Management Trust Company is the trustee for ECC
participants; therefore, these transactions constitute related party
transactions. Fees paid by the Plan to Fidelity Investments for management
services amounted to $43,000 and $29,000 for the years ended December 30, 1995
and 1994, respectively.
18
NOTE 10: COMMITMENTS
A portion of administrative expenses consist of fees for recordkeeping, trust,
and investment management services provided to the Plan by various parties.
The contracts under which these services are provided are long-term in nature,
but can be cancelled by either party with advance notice. Such contracts
contain both fixed- and activity-based variable fee structures.
* * * * *
19
Schedule I
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN
SCHEDULE OF INVESTMENTS
December 30, 1995
(in thousands)
Principal
Amount or Fair
Description Shares Cost Value
----------- --------- ---- --------
BOSTON SAFE FUNDS
KODAK STOCK FUND
Eastman Kodak Company Common
Stock 7,176 $294,908 $480,795
======== ========
Common/Collective Trust
TBC Inc. Daily Liquidity Fund $ 119 $ 119 $ 119
======== ========
SMALLER STOCK FUND
Mutual Funds
Acorn Fund Inc. 2,617 $ 28,601 $ 35,595
Babson Enterprises Fd Inc. 2,240 33,690 35,084
CMC Small Cap 614 35,229 37,787
FPA Paramount Fd Inc. 1,874 25,495 27,691
Lindner Dividend Fund Inc. 1,019 25,154 27,462
Lindner Fund Inc. 1,499 31,241 34,814
Montgomery Small Cap Fund 2,022 28,096 36,964
Mutual Qualified Income Fund 911 22,403 27,097
Sequoia Fund Inc. 499 25,738 38,985
-------- --------
Total $255,647 $301,479
======== ========
Common Stocks
ADC Telecommunications Inc. 3 $ 103 $ 95
AES Corp. 25 522 606
AM Intl. Inc. New 21 191 123
Addington Res. Inc. 19 295 279
Adflex Solutions Inc. 3 67 69
Adobe Sys. Inc. 2 100 112
Airgas Inc. 3 72 86
Albany Intl. Corp. CL A 10 7
Albemarle Corp. 4 73 83
Alberto Culver Co. CL A 2 63 73
Alco Std. Corp. 32 952 1,465
Alexander & Alexander Svcs. Inc. 7 165 125
Alexander & Baldwin Inc. 64 1,669 1,472
Allergan Inc. 5 135 159
Alltel Corp. 5 122 139
20
Schedule I (Cont'd)
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN
SCHEDULE OF INVESTMENTS
December 30, 1995
(in thousands)
Principal
Amount or Fair
Description Shares Cost Value
----------- --------- ---- --------
SMALLER STOCK FUND (Cont'd)
Common Stocks (Cont'd)
Aluminum Co. Amer. 5 197 275
Amerada Hess Corp. 4 190 212
America Online Inc. Del. 2 84 75
American Express Co. 40 1,066 1,655
American Greetings Corp. CL A 26 780 721
American Stores Co. New 43 911 1,145
Amgen Inc. 2 67 89
Amphenol Corp. CL A 3 79 65
Amre Corp. 17 66 254
Anadarko Pete Corp. 20 771 1,055
Analogic Corp. Com. Par $0.05 19 348 351
Arkansas Best Corp. Del. 22 208 173
Atlantic Southeast Airls. Inc. 2 55 41
Attwoods PLC Cont. Rts. to Pur. Adr. 4 0 0
Avon Prods. Inc. 3 201 226
Aydin Corp. 10 142 150
BHC Finl. Inc. 3 58 58
Baker Hughes Inc. 6 117 134
Baldwin Technology Inc. CL A 50 262 250
Banctec Inc. 15 285 281
Bank New York Inc. 5 216 258
Banponce Corp. New 3 118 128
Banyan Sys. Inc. 26 270 264
Barnes & Noble Inc. Com. 37 868 1,073
Baxter Int'l. Inc. 4 136 163
Bay Networks Inc. 4 117 160
Be Aerospace Inc. 35 244 372
Bear Stearns Cos. Inc. 55 890 1,092
Beckman Instrs. Inc. New 3 82 99
Becton Dickinson & Co. 3 179 232
Bemis Inc. 11 238 279
Beneficial Corp. 7 338 340
Bergen Brunswig Corp. CL A 6 138 147
Bindley Westn. Inds. Inc. 18 234 299
Biogen Inc. 3 136 191
Black & Decker Corp. 3 92 95
Block Drug Inc. CL A 4 109 122
Block H & R Inc. 4 180 162
Boatmens Bancshares Inc. 4 163 176
< PAGE> 21
Schedule I (Cont'd)
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN
SCHEDULE OF INVESTMENTS
December 30, 1995
(in thousands)
Principal
Amount or Fair
Description Shares Cost Value
----------- --------- ---- --------
SMALLER STOCK FUND (Cont'd)
Common Stocks (Cont'd)
Body Shop International Ord. 5P 61 228 145
Boston Acoustics Inc. 59 1,036 1,416
Boston Chicken Inc. 38 674 1,221
Boston Scientific Corp. 4 36 174
Brady W. H. Co. 7 181 194
Bridgeport Machs. Inc. Com. 11 111 235
Brown Tom Inc. New 9 118 134
Brush Wellman Inc. 11 173 186
Burlington Coat Factory Whse. Corp. 24 302 245
Burlington North Santa Fe Corp. 2 165 182
CKE Restaurants Inc. 12 102 197
CMI Corp. Okla. CL A 11 54 56
CML Group Inc. 130 983 649
CUC Int'l. Inc. 21 467 730
Cablevision Sys. Corp. CL A 1 79 65
Cabletron Sys. Inc. 2 131 138
California Microwave Inc. 13 217 213
Cambrex Corp. 5 105 203
Camco Intl. Inc. Com. 32 553 890
Capstead Mtg. Corp. 8 148 185
Cardinal Health Inc. 2 69 82
Castle & Cooke Inc. 1 13 17
Catellus Dev. Corp. 43 314 250
Century Tel. Enterprises Inc. 29 773 914
Ceridian Corp. 3 97 103
Champion Int'l. Corp. 5 286 210
Chart House Enterprises Inc. 10 60 57
Charter One Finl. Inc. 8 227 236
Charter Pwr. Sys. Inc. 8 79 218
Chaus Bernard Inc. 22 65 78
Chock Full O Nuts Corp. 45 300 237
Cincinnati Finl. Corp. 1 70 85
Cinergy Corp. 7 177 208
Cisco Sys. Inc. 1 55 52
Citicasters Inc. CL A 3 65 81
Claires Stores Inc. 37 443 652
Comcast Corp. CL A Spl. 3 53 53
Comdisco Inc. 5 114 119
Comerica Inc. 4 135 156
< PAGE> 22
Schedule I (Cont'd)
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN
SCHEDULE OF INVESTMENTS
December 30, 1995
(in thousands)
Principal
Amount or Fair
Description Shares Cost Value
----------- --------- ---- --------
SMALLER STOCK FUND (Cont'd)
Common Stocks (Cont'd)
Commercial Fed. Corp. 2 57 68
Community Health Sys. Inc. 4 123 128
Compression Labs Inc. 36 343 222
Computer Sciences Corp. 3 158 197
Computervision Corp. New 18 73 277
Concurrent Computer Corp. New New 59 101 65
Cone MLS Corp. N C 57 805 636
Consolidated Stores Corp. 5 112 108
Control Data Sys. Inc. 11 106 224
Cooper Inds. Inc. 4 149 136
Cooper Tire & Rubr. Co. 29 738 721
Cray Resh Inc. 14 342 345
Crestar Finl. Corp. 3 143 160
Crown Books Corp. 13 203 157
Crown Vantage Inc. 6 5
Cummins Engine Inc. 3 150 122
Cypress Semiconductor Corp. 2 41 30
DQE Inc. 4 92 117
DSC Communications Corp. 5 193 184
DST Sys. Inc. Del. 3 63 85
Dana Corp. 5 148 155
Daniel Inds. Inc. 22 271 318
Danka Business Sys. PLC Sponsor ADR 49 1,041 1,798
Darden Restaurants Inc. 12 134 141
Data Gen. Corp. 27 224 373
Data I. O. Corp. 15 48 103
Dayton Hudson Corp. 3 211 217
Dean Foods Co. 3 97 93
Delta Air Lines Inc. Del. 4 341 324
Delta Woodside Inds. Inc. New 18 192 120
Dexter Corp. 13 305 312
Digital Equip. Corp. 2 92 109
Digital Microwave Corp. 27 317 270
Dixie Yarns Inc. 31 300 122
Dole Food Inc. 3 79 105
Dollar Gen. Corp. 4 123 79
Dover Corp. 5 175 170
Dress Barn Inc. 20 243 200
Drew Inds. Inc. Com. New 11 103 155
23
Schedule I (Cont'd)
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN
SCHEDULE OF INVESTMENTS
December 30, 1995
(in thousands)
Principal
Amount or Fair
Description Shares Cost Value
----------- --------- ---- --------
SMALLER STOCK FUND (Cont'd)
Common Stocks (Cont'd)
Durakon Inds. Inc. 49 645 615
Eastern Enterprises 3 103 116
Eastern Utils. Assoc. 7 143 154
Eaton Vance Corp. Non Vtg. 38 1,049 1,065
Eckerd Corp. Del. 3 97 129
Electronics for Imaging Inc. 2 68 70
Enhance Finl. Svcs. Group Inc. 14 264 367
Enron Corp. 2 84 92
Entergy Corp. New 3 83 85
Equitable Cos. Inc. 5 115 122
Equitable Iowa Cos. New 4 135 132
Evans & Sutherland Computer 19 308 423
Exabyte Corp. 25 341 367
Failure Group Inc. 33 165 215
Fansteel Inc. Del. 5 35 34
Federal Express Corp. 23 1,387 1,699
Federal Home LN Mtg. Corp. Common 35 2,143 2,914
Federal Mogul Corp. 15 274 294
Federal Paper Brd. Inc. 5 206 270
Federated Dept. Stores Inc. Del. 8 217 226
Ferro Corp. 13 358 311
Fifth Third Bancorp 3 171 183
First Bk. Sys. Inc. 7 304 347
First Chicago NBD Corp. 9 290 336
First Intst. Bancorp 1 116 123
First USA Inc. 7 287 320
Fiserv Inc. 36 719 1,092
Fleet Finl. Group Inc. New 10 320 395
Flightsafety Int'l. Inc. 5 247 261
Fluor Corp. 5 267 304
Foster L. B. Co. CL A 38 141 162
Franklin Quest Co. 2 62 39
Franklin Res. Inc. 35 1,175 1,763
Freeport-McMoran Copper & Gold
Inc. CL A 4 90 106
Frontier Corp. 9 222 273
Frontier Ins. Group Inc. New 4 103 122
Fuller H. B. Co. 8 266 292
Furon Co. 17 300 332
24
Schedule I (Cont'd)
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN
SCHEDULE OF INVESTMENTS
December 30, 1995
(in thousands)
Principal
Amount or Fair
Description Shares Cost Value
----------- --------- ---- --------
SMALLER STOCK FUND (Cont'd)
Common Stocks (Cont'd)
Gateway 2000 Inc. 3 77 76
Gaylord Container Corp. CL A 102 830 824
Gaylord Entmt. Co. CL A 5 125 133
General Dynamics Corp. 2 93 118
General Host Corp. 29 161 117
General Mtrs. Corp. CL H 3 137 162
Genesco Inc. 42 171 146
Genetech Inc. Spl. 2 105 117
Genuine Parts Co. 5 172 193
Gerber Scientific Inc. 14 184 226
Giant Cem. Hldg. Inc. 20 234 235
Giant Food Inc. CL A 6 191 198
Giant Group LTD 20 140 183
Gibson Greetings Inc. 18 262 291
Giddings & Lewis Inc. Wis. 20 333 333
Glenayre Technologies Inc. 2 135 149
Global Nat. Res. Inc. 10 92 107
Golden West Finl. Corp. Del. 25 1,083 1,354
Goulds Pumps Inc. 5 109 120
Grace W. R. & Co. 2 103 95
Great Lakes Chem. Corp. 2 142 151
Great Westn. Finl. Corp. 8 177 206
Greenpoint Finl. Corp. 4 113 112
Griffon Corp. 32 257 288
Grossmans Inc. 41 113 46
Groundwater Technology Inc. 21 294 287
Gtech Hldgs. Corp. 13 315 325
Gundle/Slt. Environmental Inc. 45 316 253
HBO & Co. 1 64 69
HFS Inc. 15 404 1,210
HUBCO Inc. 4 69 84
Haemonetics Corp. Mass. 3 55 48
Halliburton Co. 3 107 147
Harcourt Gen. Inc. 30 972 1,235
Harley Davidson Inc. 20 508 572
Harper Group Inc. 16 247 277
Harris Corp. Del. 3 173 164
Harsco Corp. 4 235 244
Hartmarx Corp. 52 252 227
25
Schedule I (Cont'd)
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN
SCHEDULE OF INVESTMENTS
December 30, 1995
(in thousands)
Principal
Amount or Fair
Description Shares Cost Value
----------- --------- ---- --------
SMALLER STOCK FUND (Cont'd)
Common Stocks (Cont'd)
Hasbro Inc. 50 1,440 1,553
Healthcare Compare Corp. 1 57 61
Healthdyne Inc. 13 35 113
Healthdyne Info. Enterprises Inc. 13 25 30
Healthsouth Corp. 3 91 99
Health Care & Retirement Corp. Del. 2 48 60
Health Mgmt. Assoc. Inc. New CL A 8 170 219
Health Sys. Int'l. Inc. 25 702 803
Heilig Meyers Co. 33 682 608
Hercules Inc. 1 63 68
Heritage Media Corp. CL A New 19 362 484
Hexcel Corp. New 33 230 368
Hilton Hotels Corp. 22 1,426 1,353
Home Shopping Network Inc. 30 262 266
Home St. Hldgs. Inc. Com. 76 1,267 703
Hooper Holmes Inc. 23 189 186
Horsham Corp. Sub. Vtg. 115 1,589 1,538
Host Marriott Corp. Com. 37 401 483
Houghton Mifflin Co. 7 303 318
Household Int'l. Inc. 4 217 232
Huffy Corp. 18 283 185
Hunt J. B. Trans. Svcs. Inc. 5 79 85
Hurco Co. 11 38 59
Illinois Cent. Corp. Ser. A 5 179 173
Illinova Corp. 5 129 156
Imo Inds. Inc. 44 341 303
Inco LTD 3 111 110
Information Res. Inc. 15 163 189
Ingersoll Rand Co. 6 245 221
Integrated Silicon Solution In. 2 57 32
Inter Regl. Finl. Group Inc. 22 380 561
Intergraph Corp. 13 151 206
Intertan Inc. 42 301 306
Intuit 2 86 156
James Riv. Corp. VA 4 95 89
John Alden Finl. Corp. 6 123 125
John Nuveen Co. CL A 53 1,225 1,304
Jones Apparel Group Inc. 21 634 823
K Swiss Inc. CL A 62 1,033 669
< PAGE> 26
Schedule I (Cont'd)
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN
SCHEDULE OF INVESTMENTS
December 30, 1995
(in thousands)
Principal
Amount or Fair
Description Shares Cost Value
----------- --------- ---- --------
SMALLER STOCK FUND (Cont'd)
Common Stocks (Cont'd)
Kaman Corp. CL A 30 297 334
Kaneb Svcs. Inc. 79 263 178
Kansas City Southn. Inds. Inc. 34 1,244 1,556
Kellwood Co. 4 74 79
Kemet Corp. Com. 2 55 38
Kerr McGee Corp. 2 104 121
Knight Ridder Inc. 26 1,508 1,625
LCI International Inc. 49 472 1,000
LDI Corp. 24 153 58
LSI Logic Corp. 2 88 62
Lafarge Corp. 3 78 63
Lamson & Sessions Co. 34 235 265
Lear Seating Corp. 4 110 119
Learonal Inc. 8 124 184
Legg Mason Inc. 4 115 116
Leggett & Platt Inc. 6 133 141
Lennar Corp. 26 610 652
Leslie Bldg. Prods. Inc. 22 27 51
Leslie's Poolmart 95 1,080 1,326
Liberty Financial Companies 10 274 306
Life Re. Corp. 14 221 340
Lillian Vernon Corp. 27 517 364
Lincare Holdings Inc. 2 69 60
Little Switz Inc. 37 254 143
Litton Inds. Inc. 2 88 102
Long Island Bancorp Inc. 11 203 277
Loral Corp. 4 108 145
Louisiana Pac. Corp. 2 55 56
Lufkin Inds. Inc. 15 257 339
MCN Corp. 12 238 286
MGIC Invt. Corp. WIS 2 85 81
Mac Frugals Bargains Close Outs
Inc. 96 1,363 1,350
Macneal Schwendler Corp. 23 271 366
Magna Intl. Class A 2 80 78
Magnetek Inc. 66 996 533
Marriott Intl. Inc. 23 696 861
Masco Corp. 9 257 295
Matrix Svc. Co. 36 278 151
27
Schedule I (Cont'd)
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN
SCHEDULE OF INVESTMENTS
December 30, 1995
(in thousands)
Principal
Amount or Fair
Description Shares Cost Value
----------- --------- ---- --------
SMALLER STOCK FUND (Cont'd)
Common Stocks (Cont'd)
McClatchy Newspapers Inc. CL A 14 313 323
Mead Corp. 4 224 193
Measurex Corp. 7 144 203
Medaphis Corp. 4 91 137
Media Gen. Inc. CL A 10 276 304
Mellon Bk. Corp. 37 1,337 1,989
Meredith Corp. 8 209 348
Michael Anthony Jewelers Inc. 103 556 270
Micro Whse. Inc. Com. 1 69 61
Miller Herman Inc. 12 275 360
Minerais Technologies Inc. 39 1,109 1,434
Mitchell Energy & Dev. Corp. CL B 13 228 240
Molex Inc. CL A 4 130 127
Montana Pwr. Co. 5 108 111
Moore Med. Corp. 12 140 126
NAC Re. Corp. 3 85 94
NIPSCO Inds. Inc. 4 131 153
NS Group Inc. 9 59 23
Nabisco Hldgs. Corp. 3 93 108
Nalco Chem. Co. 5 183 148
Nashua Corp. 15 348 204
National City Corp. 3 85 89
National Picture & Frame Co. 61 587 566
National Semiconductor Corp. 5 151 111
Newell Co. 18 371 458
Newmont Mng. Corp. 7 290 309
Nine West Group Inc. 6 238 240
Nokia Corp. ADR 1 76 43
Noodle Kidoddle Inc. 8 53 108
Nordstrom Inc. 12 490 490
Northrop Grumman Corp. 3 155 179
Novacare Inc. 32 277 166
Novell Inc. 7 143 97
Nynex Corp. 1 58 65
OHM Corp. 33 339 244
OMI Corp. 25 132 163
Occidental Pete Corp. 3 59 53
Officemax Inc. 4 78 87
Ogden Corp. 9 196 182
28
Schedule I (Cont'd)
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN
SCHEDULE OF INVESTMENTS
December 30, 1995
(in thousands)
Principal
Amount or Fair
Description Shares Cost Value
----------- --------- ---- --------
SMALLER STOCK FUND (Cont'd)
Common Stocks (Cont'd)
Old Republic Int'l. Corp. 5 133 178
Omnicom Group 9 281 343
Optical Coating Lab Inc. 21 151 231
Outboard Marine Corp. 16 327 334
Oxford Health Plans Inc. 2 94 133
PMI Group Inc. 3 92 122
Paccar Inc. 2 106 84
Pacific Enterprises 19 448 528
Paine Webber Group Inc. 94 1,665 1,880
Panhandle Eastn. Corp. 3 86 92
Parker & Parsley Pete Co. Del. 7 140 156
Parker Hannifin Corp. 4 132 137
Peoples Heritage Finl. Group Inc. 4 73 96
Peoplesoft Inc. 3 83 112
Perini Corp. 14 150 116
Petroleum Geo-Svcs. A/S Sponsored
ADR 41 691 1,035
Pharmacia & Upjohn Inc. 2 56 62
Pier 1 Imports Inc. 20 186 227
Pinkertons Inc. New 14 226 265
Pinnacle West Cap. Corp. 5 128 155
Pioneer Hi Bred Int'l. 5 204 250
Piper Jaffray Inc. 5 82 73
Pittston Brink's Group Com. 4 106 135
Policy Mgmt. Sys. Corp. 2 87 81
Portec Inc. 13 154 125
Praxair Inc. 7 192 239
Price/Costco Inc. 8 139 119
Pride Pete Svcs. Inc. 31 155 325
Primesource Corp. 18 216 98
Progressive Corp. Ohio 18 623 860
Providian Corp. 8 301 326
Quaker Chem. Corp. 13 169 174
Quaker Oats Co. 40 1,253 1,380
Quaker St. Corp. 19 264 241
Questar Corp. 4 114 137
Quick & Reilly Group Inc. 3 87 68
Quixote Corp. 62 650 481
29
Schedule I (Cont'd)
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN
SCHEDULE OF INVESTMENTS
December 30, 1995
(in thousands)
Principal
Amount or Fair
Description Shares Cost Value
----------- --------- ---- --------
SMALLER STOCK FUND (Cont'd)
Common Stocks (Cont'd)
Ralston Purina Co-Ralston Purina
Group 33 1,344 2,058
Raymond James Finl. Inc. 4 4
Reebok Intl. LTD 21 701 596
Reliastar Finl. Corp. 4 108 195
Revco D. S. Inc. New 5 95 127
Rexene Corp. New 19 210 207
Reynolds & Reynolds CL A 10 379 389
Reynolds Metals Co. 2 93 108
Richardson Electrs. LTD 30 140 323
Robbins & Myers Inc. 4 75 126
Rohm & Haas Co. 2 112 122
Roper Inds. Inc. New 10 365 349
Rubbermaid Inc. 6 162 150
Russ Berrie & Co. Inc. 77 1,115 970
Rykoff S. E. & Co. 15 251 263
SGS-Thomson Microelectronics
SHS-N. Y. Registry 1 55 44
SPS Technologies Inc. 10 233 534
Safeway Inc. New 4 144 201
St. Jude Med. Inc. 6 221 264
Santa Fe Energy Res. 26 235 245
Schawk Inc. CL A 31 274 202
Scherer R. P. Corp. Del. 13 491 614
Schering Plough Corp. 1 38 38
Scholastic Corp. 15 578 1,166
Schulman A. Inc. 13 350 298
Scotts Co. CL A 34 609 653
Scripps E. W. Co. CL A 6 185 228
Sea Containers LTD CL A 10 156 181
Seacor Holdings Inc. 6 139 154
Seagram LTD 10 267 338
Selective Ins. Grp. Inc. 4 137 146
Sensormatic Electrs. Corp. 31 973 546
Shaw Group Inc. 21 190 184
Sherwin Williams Co. 3 108 118
Sigma Aldrich Corp. 3 137 139
Silicon Valley Bancshares 8 77 194
Silicon Valley Group 2 73 43
30
Schedule I (Cont'd)
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN
SCHEDULE OF INVESTMENTS
December 30, 1995
(in thousands)
Principal
Amount or Fair
Description Shares Cost Value
----------- --------- ---- --------
SMALLER STOCK FUND (Cont'd)
Common Stocks (Cont'd)
Skywest Inc. 26 357 328
Software Pubg. Corp. 31 162 103
Southwest Airls. Co. 6 116 131
Spacelabs Med. Inc. 11 306 328
Spelling Entmt. Group Inc. 27 257 343
Sphere Drake Holdings LTD Shs. 13 186 186
Standard Fed. Bancorpation Inc. 12 426 473
Stanhome Inc. Vtg. 36 1,220 1,054
Stewart Enterprises Inc. CL A 14 344 533
Stratus Computer Inc. 9 239 322
Sun Microsystems Inc. 5 131 210
Sunbeam Corp. 8 129 124
Sundstrand Corp. 3 166 197
Sunglass Hut Int'l Inc. 3 76 64
Sungard Data Sys. Inc. 4 106 105
Swift Energy Co. 10 120 125
Sybron Chem. Inc. 18 340 197
Sybron Int'l. Corp. 17 317 411
Symantec Corp. 3 78 70
TCA Cable TV Inc. 38 984 1,047
TIG Hldgs. Inc. 32 678 909
Talbots Inc. 3 136 98
Tandycrafts Inc. 37 312 293
Tech. Data Corp. 19 259 290
Telco Sys. Inc. 10 104 108
Tele Danmark A/S Sponsored ADR
Repstg. CL B Shs. 4 92 97
Teleflex Inc. 1 49 45
Telephone & Data Sys. Inc. 2 65 63
Tellabs Inc. 2 83 85
Telxon Corp. 9 110 204
Tencor Instrs. 2 68 37
Tenet Healthcare Corp. Com. 8 125 159
Teradyne Inc. 2 80 58
Thomas & Betts Corp. 2 160 170
Thornburg Mtg. Asset Corp. Com. 4 58 66
Tiffany & Co. New 4 134 191
Tokheim Corp. 21 172 138
Topps Inc. 56 346 289
31
Schedule I (Cont'd)
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN
SCHEDULE OF INVESTMENTS
December 30, 1995
(in thousands)
Principal
Amount or Fair
Description Shares Cost Value
----------- --------- ---- --------
SMALLER STOCK FUND (Cont'd)
Common Stocks (Cont'd)
Torchmark Corp. 6 237 272
Triad Sys. Corp. Com. Par $0.001 35 206 217
Trimas Corp. 37 833 694
True North Communications Inc. 14 266 266
Tyco Intl. LTD 31 797 1,097
Tyson Foods Inc. CL A 3 74 84
UAL Corp. Par $0.01 1 205 250
UGI Corp. New 10 210 205
UNC Inc. 34 214 206
UST Inc. 23 679 774
Ultrak Inc. Com No Par 22 145 144
Unifi Inc. 30 749 665
Union Carbide Corp. 7 248 259
U. S. Healthcare Inc. 4 140 163
Univar Corp. 25 285 272
Universal Health Svcs. Inc. CL B 2 86 98
Unocal Corp. 2 63 64
VWR Scientific Products Corp. 22 233 294
Valassis Communications Inc. 37 544 639
Vanguard Cellular Sys. Inc. CL A 2 53 43
Varsity Spirit Corp. 24 257 331
Veeco Instrs. Inc. Del. Com. 2 56 35
Viacom Inc. Class A 2 81 86
Vicorp Restaurants Inc. 19 304 180
Viewlogic Sys. Inc. 16 176 157
Vishay Intertechnology Inc. Com. 3 120 98
Vons Cos. Inc. 6 128 170
Vulcan Matls. Co. 4 227 219
WMX Technologies Inc. 50 1,230 1,488
Wabash Nat'l. Corp. 36 997 806
Warnaco Group Inc. CL A 33 490 813
Washington Federal Inc. 5 105 120
Washington Mutual Inc. 4 95 113
Waterhouse Inv. Svcs. Inc. 2 49 59
Westcoast Energy Inc. 10 157 149
Western Atlas Inc. 6 260 288
Western Digital Corp. 4 66 75
Western Pubg. Group Inc. 27 299 214
Weston Roy F. Inc. New Ser. A 30 241 154
32
Schedule I (Cont'd)
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN
SCHEDULE OF INVESTMENTS
December 30, 1995
(in thousands)
Principal
Amount or Fair
Description Shares Cost Value
----------- --------- ---- --------
SMALLER STOCK FUND (Cont'd)
Common Stocks (Cont'd)
Wet Seal Inc. CL A 30 117 203
Wheelabrator Technologies Inc.
New Par $0.01 7 116 116
Whitman Corp. 104 1,663 2,425
Whittaker Corp. Par $0.01 3 56 63
Willamette Inds. Inc. 1 73 68
Williams Cos. Inc. 6 209 259
Winnebago Inds. Inc. 28 216 214
Wisconsin Cent. Transn. Corp. 1 51 59
Witco Corp. 3 110 97
Worldcom Inc. 5 123 159
Worthington Inds. Inc. 29 513 595
Wyman Gordon Co. 25 151 344
Younkers Inc. 3 52 69
Zenith Electrs. Corp. 11 100 77
Zero Corp. 16 217 284
Zions Bancorp 4 182 289
-------- --------
Total $139,415 $156,596
======== ========
Common/Collective Trusts
TBC Inc. Daily Liquidity Fund $6,917 $ 6,917 $ 6,917
======== ========
33
Schedule I (Cont'd)
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN
SCHEDULE OF INVESTMENTS
December 30, 1995
(in thousands)
Maturity Interest Contract
Description Dates Rates Value
----------- -------- -------- --------
FIXED INCOME FUND
Group Annuity Contracts
Aetna Life Insurance Co. 01/03/01-04/01/03 6.72%- 9.25% $ 737,244
Bankers Trust 12/31/02 7.58% 94,428
Continental Assurance Co. 01/02/97-03/01/01 8.86%- 9.42% 204,111
John Hancock Mutual Life
Insurance Co. 09/03/96-10/03/02 8.84%-12.97% 899,410
Lehman 06/15/99 8.53% 64,945
New England Mutual Life
Insurance Co. 01/02/96 9.00% 35,456
New York Life Insurance Co. 12/01/97-10/01/07 5.90%- 8.39% 172,210
Principal Mutual Life
Insurance Co. 11/23/03 6.85% 155,903
Provident National Assurance
Co. 12/01/00 8.40% 73,957
The Prudential Life Insurance
Co. of America 03/02/98-10/02/06 7.75%- 9.21% 497,994
Mitsubishi Bank Limited 07/02/98 9.39% 72,249
----------
Total $3,007,907
==========
34
Schedule I (Cont'd)
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN
SCHEDULE OF INVESTMENTS
December 30, 1995
(in thousands)
Principal
Amount or Fair
Description Shares Cost Value
----------- --------- ---- --------
BALANCED MUTUAL FUND
Fidelity Puritan Fund 4,924 $79,038 $83,757
======= =======
LARGE STOCK INDEX FUND
Common/Collective Trust
WFB Equity Index Fund 3,940 $57,584 $71,164
TBC Inc. Daily Liquidity Fund $ 12 12 12
------- -------
Total $57,596 $71,176
======= =======
INTERNATIONAL STOCK FUND
Common/Collective Trusts
Russell Frank Invt. Co.
Int'l. Fd. 2,878 $46,329 $49,053
Russell Frank Invt. Co.
Emerging Mkts. Fd. 314 5,257 5,456
------- -------
Total $51,586 $54,509
======= =======
35
Schedule I (Cont'd)
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN
SCHEDULE OF INVESTMENTS
December 30, 1995
(in thousands)
Principal
Amount or Fair
Description Shares Cost Value
----------- --------- ---- --------
FIDELITY FUNDS
KODAK STOCK FUND
Eastman Kodak Company
Common Stock 311 $14,583 $20,807
======= =======
Short-Term Interest Fund $361 $ 361 $ 361
======= =======
EASTMAN STOCK FUND
Eastman Chemical Company
Common Stock 641 $38,686 $40,174
======= =======
Maturity Interest Contract
Description Dates Rates Value
----------- -------- -------- --------
FIDELITY MANAGED INCOME
PORTFOLIO (FIXED INCOME FUND)*
Group Annuity Contracts
Aetna Life Insurance Co. 01/03/01-04/01/03 6.72%- 9.25% $ 71,818
Continental Assurance Co. 01/02/97-03/01/01 8.86%- 9.42% 23,062
Deutsche Bank 01/15/97 6.31% 12,428
John Hancock Mutual
Life Insurance Co. 09/01/96-10/03/01 8.84%-12.97% 102,113
Mitsubishi Bank Limited 07/02/98 8.98% 8,156
New England Mutual Life
Insurance Co. 01/02/96 9.00% 3,999
New York Life 03/31/98 6.20% 5,084
Protective Life 03/31/97 7.05% 10,517
Provident National Assurance Co. 12/02/02 8.40% 7,769
The Prudential Life Insurance
Co. of America 03/01/98 9.21% 14,379
Peoples Security Life 09/30/96-12/15/97 6.94%- 7.11% 24,878
SunAmerica Life Insurance 06/30/97 6.45% 13,405
--------
Total $297,608
========
*Investment held by Related Party.
36
Schedule I (Cont'd)
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN
SCHEDULE OF INVESTMENTS
December 30, 1995
(in thousands)
Principal
Amount or Fair
Description Shares Cost Value
----------- --------- ---- --------
FIDELITY MANAGED INCOME
PORTFOLIO (FIXED INCOME
FUND)* (Cont'd)
Short-Term Interest Fund $4,437 $ 4,437 $ 4,437
======= =======
FIDELITY FUND*
Fidelity Fund 479 $ 9,738 $10,827
======= =======
FIDELITY PURITAN FUND*
Puritan Fund 1,052 $17,202 $17,901
======= =======
FIDELITY MAGELLAN FUND*
Magellan Fund 488 $36,243 $41,958
======= =======
FIDELITY CONTRAFUND*
Contrafund 486 $16,194 $18,481
======= =======
*Investment held by Related Party.
37
Schedule II
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN
ALLOCATION OF NET ASSETS TO INVESTMENT FUNDS
December 30, 1995
(in thousands)
Kodak Smaller Fixed Balanced Large Stock International
Stock Fund Stock Fund Income Fund Mutual Fund Index Fund Stock Fund
---------- ---------- ----------- ----------- ----------- -------------
ASSETS
Investments at Fair Value:
Eastman Kodak Company
common stock $480,795
Other common stocks $156,596
Mutual funds 301,479 $83,757
Interest in common/collective
trusts (pooled) funds 119 6,917 $71,176 $54,509
Short-term interest funds
Investments at Contract Value:
Group annuity contracts $3,007,907
Loans to participants 1,792 2,910 628 34 30 13
Employer contributions
receivable 339 635 2,201 166 157 102
Dividends/Interest receivable 3,006 235 1
Receivables for securities sold 525 1
Cash 7 10 2 17
-------- -------- ---------- ------- ------- -------
Total assets 486,058 469,297 3,010,746 83,960 71,381 54,624
-------- -------- ---------- ------- ------- -------
LIABILITIES
Pending loans to participants 205 195 409 16 11 9
Distributions payable to
participants 1,405 1,086 12,205 204 76 39
Distributions payable to
successor plans 6,575 12,289 36,662 2,756 1,881 1,027
Payable for securities purchased 520
Accrued expenses 34 678 1,516 5 18 128
Transfers among funds (16,704) (452) 23,768 571 (2,958) (4,225)
-------- -------- ---------- ------- ------- -------
Total liabilities/transfers (8,485) 14,316 74,560 3,552 (972) (3,022)
-------- -------- ---------- ------- ------- -------
Net assets $494,543 $454,981 $2,936,186 $80,408 $72,353 $57,646
======== ======== ========== ======= ======= =======
38
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN Schedule II (Cont'd)
ALLOCATION OF NET ASSETS TO INVESTMENT FUNDS
December 30, 1995
(in thousands)
Subtotal
Loan Boston Kodak Eastman Fidelity Managed Fidelity
Fund Safe Funds Stock Fund Stock Fund Income Portfolio Fund
-------- ---------- ---------- ---------- ---------------- --------
ASSETS
Investments at Fair Value:
Eastman Kodak Company
common stock $ 480,795 $20,807
Eastman Chemical Company
common stock $40,174
Other common stocks 156,596
Mutual funds 385,236 $10,827
Interest in common/collective
trusts (pooled) funds 132,721
Short-term interest funds 361 $ 4,437
Investments at Contract Value:
Group annuity contracts 3,007,907 297,608
Loans to participants $49,596 55,003
Employer contributions
receivable 3,600
Dividends/Interest receivable 3,242 123 211
Receivables for securities sold 526 811
Miscellaneous receivable 58 81
Cash 36
------- ---------- ------- ------- -------- -------
Total assets 49,596 4,225,662 21,349 41,277 302,045 10,827
------- ---------- ------- ------- -------- -------
LIABILITIES
Pending loans to participants (845) 0
Distributions payable to
participants 260 15,275
Distributions payable to
successor plans 995 62,185 20,978 40,661 302,030 10,827
Payable for securities purchased 520 87 93
Accrued expenses 2,379 284 523 15
Transfers among funds 0
------- ---------- ------- ------- -------- -------
Total liabilities/transfers 410 80,359 21,349 41,277 302,045 10,827
------- ---------- ------- ------- -------- -------
Net assets $49,186 $4,145,303 $ 0 $ 0 $ 0 $ 0
======= ========== ======= ======= ======== =======
39
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN Schedule II (Cont'd)
ALLOCATION OF NET ASSETS TO INVESTMENT FUNDS
December 30, 1995
(in thousands)
Fidelity Fidelity Subtotal
Puritan Magellan Fidelity Loan Fidelity TOTAL
Fund Fund Contrafund Fund Investments ALL FUNDS
-------- -------- ---------- -------- ----------- -----------
ASSETS
Investments at Fair Value:
Eastman Kodak Company
common stock $ 20,807 $ 501,602
Eastman Chemical Company
common stock 40,174 40,174
Other common stocks 0 156,596
Mutual funds $17,901 $41,958 $18,481 89,167 474,403
Interest in common/collective
trusts (pooled) funds 132,721
Short-term interest funds 4,798 4,798
Investments at Contract Value:
Group annuity contracts 297,608 3,305,515
Loans to participants $7,606 7,606 62,609
Employer contributions
receivable 3,600
Dividends/Interest receivable 334 3,576
Receivables for securities sold 811 1,337
Miscellaneous receivable 139 139
Cash 36
------- ------- ------- ------ -------- ----------
Total assets 17,901 41,958 18,481 7,606 461,444 4,687,106
------- ------- ------- ------ -------- ----------
LIABILITIES
Pending loans to participants 0
Distributions payable to
participants 15,275
Distributions payable to
successor plans 17,901 41,958 18,481 7,606 460,442 522,627
Payable for securities purchased 180 700
Accrued expenses 822 3,201
Transfers among funds 0
------- ------- ------- ------ -------- ----------
Total liabilities/transfers 17,901 41,958 18,481 7,606 461,444 541,803
------- ------- ------- ------ -------- ----------
Net assets $ 0 $ 0 $ 0 $ 0 $ 0 $4,145,303
======= ======= ======= ====== ======== ==========
40
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN Schedule II
ALLOCATION OF NET ASSETS TO INVESTMENT FUNDS
December 30, 1994
(in thousands)
Kodak Smaller Fixed Balanced Large Stock International
Stock Fund Stock Fund Income Fund Mutual Fund Index Fund Stock Fund
---------- ---------- ----------- ----------- ----------- -------------
ASSETS
Investments at Fair Value:
Eastman Kodak Company
common stock $383,491
Other common stocks $126,020
Mutual funds 232,021 $60,270
Interest in common/collective
trusts (pooled) funds 497 20,921 $25,997 $46,131
Short-term interest funds 3
Corporate debt instruments 41
Investments at Contract Value:
Group annuity contracts $2,749,416
Loans to participants 6,215 10,019 293 12 7 19
Employer contributions
receivable 248 671 2,304 144 76 105
Dividends/Interest receivable 3,024 245 1 1
Receivables for securities sold 866
Cash 37
-------- -------- ---------- ------- ------- -------
Total assets 393,475 390,844 2,752,013 60,426 26,081 46,256
-------- -------- ---------- ------- ------- -------
LIABILITIES
Pending loans to participants 207 224 311 15 2 5
Distributions payable to
participants 1,771 667 9,260 84 5 54
Distributions payable to
successor plans 4,920 10,412 34,877 1,910 933 948
Payable for securities purchased 634
Accrued expenses 26 358 1,338 5 6 101
Transfers among funds 3,545 3,277 (7,670) 1,185 (245) (92)
-------- -------- ---------- ------- ------- -------
Total liabilities/transfers 10,469 15,572 38,116 3,199 701 1,016
-------- -------- ---------- ------- ------- -------
Net assets $383,006 $375,272 $2,713,897 $57,227 $25,380 $45,240
======== ======== ========== ======= ======= =======
41
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN Schedule II (Cont'd)
ALLOCATION OF NET ASSETS TO INVESTMENT FUNDS
December 30, 1994
(in thousands)
Subtotal
Loan Boston Kodak Eastman Fidelity Managed Fidelity
Fund Safe Funds Stock Fund Stock Fund Income Portfolio Fund
-------- ---------- ---------- ---------- ---------------- --------
42
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN Schedule II (Cont'd)
ALLOCATION OF NET ASSETS TO INVESTMENT FUNDS
December 30, 1994
(in thousands)
Fidelity Fidelity Subtotal
Puritan Magellan Fidelity Loan Fidelity TOTAL
Fund Fund Contrafund Fund Investments ALL FUNDS
-------- -------- ---------- -------- ----------- -----------
ASSETS
Investments at Fair Value:
Eastman Kodak Company
common stock $ 19,289 $ 402,780
Eastman Chemical Company
common stock 24,319 24,319
Other common stocks 126,020
Mutual funds $16,968 $34,493 $14,123 74,261 366,552
Interest in common/collective
trusts (pooled) funds 93,546
Short-term interest funds 7,953 7,956
Corporate debt instruments 41
Investments at Contract Value:
Group annuity contracts 272,443 3,021,859
Loans to participants $6,216 6,216 50,921
Employer contributions
receivable 3,548
Dividends/Interest receivable 622 3,893
Receivables for securities sold 232 1,098
Cash 37
------- ------- ------- ------ -------- ----------
Total assets 16,968 34,493 14,123 6,216 405,335 4,102,570
------- ------- ------- ------ -------- ----------
LIABILITIES
Pending loans to participants 0
Distributions payable to
participants 11,906
Distributions payable to
successor plans 16,968 34,493 14,123 6,216 405,251 459,973
Payable for securities purchased 62 696
Accrued expenses 22 1,873
Transfers among funds 0
------- ------- ------- ------ -------- ----------
Total liabilities/transfers 16,968 34,493 14,123 6,216 405,335 474,448
------- ------- ------- ------ -------- ----------
Net assets $ 0 $ 0 $ 0 $ 0 $ 0 $3,628,122
======= ======= ======= ====== ======== ==========
43
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN Schedule III
ALLOCATION OF CHANGES IN NET ASSETS TO INVESTMENT FUNDS
For the year ended December 30, 1995
(in thousands)
Kodak Smaller Fixed Balanced Large Stock International
Stock Fund Stock Fund Income Fund Mutual Fund Index Fund Stock Fund
---------- ---------- ----------- ----------- ----------- -------------
ADDITIONS TO NET ASSETS:
Dividends on Eastman Kodak
Company common stock $ 12,127
Other dividends $ 5,908 $ 2,168
Interest 563 823 $ 246,209 72 $ 51 $ 42
Income from common/collective
trusts (pooled) funds 54 619 1 6 4
Miscellaneous income 4
Net realized and unrealized
gains (losses) from
investments 144,690 87,661 4 11,474 13,288 4,423
Employer contributions 11,255 26,697 96,413 6,769 4,704 4,695
Transfers among funds (31,011) (17,688) 7,316 5,556 30,815 5,012
-------- -------- ---------- ------- ------- -------
Total Additions 137,678 104,024 349,942 26,040 48,864 14,176
-------- -------- ---------- ------- ------- -------
DEDUCTIONS FROM NET ASSETS:
Distributions to participants (16,636) (13,377) (114,932) (1,744) (703) (1,089)
Distributions to successor plans (1,655) (1,878) (1,785) (845) (947) (80)
Loans transfers, net (7,488) (7,001) (7,540) (210) (170) (98)
Administrative expenses (362) (2,059) (3,396) (60) (71) (503)
-------- -------- ---------- ------- ------- -------
Total Deductions 26,141 24,315 127,653 2,859 1,891 1,770
-------- -------- ---------- ------- ------- -------
Increase (Decrease)
in net assets 111,537 79,709 222,289 23,181 46,973 12,406
Net assets at beginning
of year 383,006 375,272 2,713,897 57,227 25,380 45,240
-------- -------- ---------- ------- ------- -------
Net assets at end of year $494,543 $454,981 $2,936,186 $80,408 $72,353 $57,646
======== ======== ========== ======= ======= =======
44
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN Schedule III (Cont'd)
ALLOCATION OF CHANGES IN NET ASSETS TO INVESTMENT FUNDS
For the year ended December 30, 1995
(in thousands)
Subtotal
Loan Boston Kodak Eastman Fidelity Managed Fidelity
Fund Safe Funds Stock Fund Stock Fund Income Portfolio Fund
-------- ---------- ---------- ---------- ---------------- --------
ADDITIONS TO NET ASSETS:
Dividends on Eastman Kodak
Company common stock $ 12,127 $ 286
Dividends on Eastman Chemical
Company common stock $ 499
Other dividends 8,076 $ 810
Interest 247,760 9 27 $24,697 14
Income from common/collective
trusts (pooled) funds 684
Miscellaneous income 4
Net realized and unrealized
gains (losses) from
investments 261,540 7,232 6,655 1,797
Employer contributions 150,533
Transfers among funds 0 (5,541) 8,962 2,371 (285)
------- ---------- ------- ------- ------- ------
Total Additions $ 0 680,724 1,986 16,143 27,068 2,336
------- ---------- ------- ------- ------- ------
DEDUCTIONS FROM NET ASSETS:
Distributions to participants (1,148) (149,629) (388) (168) (4,420) (190)
Distributions to successor plans (273) (7,463) (1,349) (15,719) (21,827) (2,150)
Loans transfers, net 22,507 0 (238) (251) (807) 4
Administrative expenses (6,451) (11) (5) (14) 0
------- ---------- ------- ------- ------- ------
Total Deductions (21,086) 163,543 1,986 16,143 27,068 2,336
------- ---------- ------- ------- ------- ------
Increase (Decrease)
in net assets 21,086 517,181 0 0 0 0
Net assets at beginning
of year 28,100 3,628,122 0 0 0 0
------- ---------- ------- ------- ------- ------
Net assets at end of year $49,186 $4,145,303 $ 0 $ 0 $ 0 $ 0
======= ========== ======= ======= ======= ======
45
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN Schedule III (Cont'd)
ALLOCATION OF CHANGES IN NET ASSETS TO INVESTMENT FUNDS
For the year ended December 30, 1995
(in thousands)
Fidelity Fidelity Subtotal
Puritan Magellan Fidelity Loan Fidelity TOTAL
Fund Fund Contrafund Fund Investments ALL FUNDS
-------- -------- ---------- -------- ----------- -----------
ADDITIONS TO NET ASSETS:
Dividends on Eastman Kodak
Company common stock $ 286 $ 12,413
Dividends on Eastman Chemical
Company common stock 499 499
Other dividends $ 956 $2,390 $1,409 5,565 13,641
Interest 28 61 22 24,858 272,618
Income from common/collective
trusts (pooled) funds 684
Miscellaneous income 4
Net realized and unrealized
gains (losses) from
investments 2,325 8,985 3,283 30,277 291,817
Employer contributions 150,533
Transfers among funds (1,999) (3,358) (150) 0 0
------ ------- ------ ------ ------- ----------
Total Additions 1,310 8,078 4,564 0 61,485 742,209
------ ------- ------ ------ ------- ----------
DEDUCTIONS FROM NET ASSETS:
Distributions to participants (375) (397) (149) (163) (6,250) (155,879)
Distributions to successor plans (933) (7,465) (4,359) (1,390) (55,192) (62,655)
Loans transfers, net (1) (209) (51) 1,553 0 0
Administrative expenses (1) (7) (5) (43) (6,494)
------ ------- ------ ------ ------- ----------
Total Deductions 1,310 8,078 4,564 0 61,485 225,028
------ ------- ------ ------ ------- ----------
Increase (Decrease)
in net assets 0 0 0 0 0 517,181
Net assets at beginning
of year 0 0 0 0 0 3,628,122
------ ------- ------- ------ ------- ----------
Net assets at end of year $ 0 $ 0 $ 0 $ 0 $ 0 $4,145,303
====== ======= ======= ====== ======= ==========
46
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN Schedule III
ALLOCATION OF CHANGES IN NET ASSETS TO INVESTMENT FUNDS
For the year ended December 30, 1994
(in thousands)
Kodak Smaller Fixed Balanced Large Stock International
Stock Fund Stock Fund Income Fund Mutual Fund Index Fund Stock Fund
---------- ---------- ----------- ----------- ----------- -------------
ADDITIONS TO NET ASSETS:
Dividends on Eastman Kodak
Company common stock $ 11,392
Other dividends $ 8,059 $ 1,795 $ 14 $ 59
Interest 666 1,080 $ 236,349 21 9 14
Income from common/collective
trusts (pooled) funds 115 656 4 7 22
Net realized and unrealized
gains (losses) from
investments 22,691 21,966 (8,910) (2,301) 398 (1,025)
Employer contributions 9,039 30,844 99,184 4,426 1,885 2,956
Transfers among funds 51,115 (50,820) (126,481) 56,597 24,419 45,170
Transfers between plan trusts (35,183) (38,561) (305,007)
-------- -------- ---------- ------- ------- -------
Total Additions 59,835 (26,776) (104,865) 60,542 26,732 47,196
-------- -------- ---------- ------- ------- -------
DEDUCTIONS FROM NET ASSETS:
Distributions to participants (14,919) (13,172) (115,659) (1,018) (227) (456)
Distributions to successor plans (4,920) (10,412) (34,877) (1,910) (933) (948)
Loans transfers, net (7,038) (8,850) (12,463) (347) (164) (222)
Administrative expenses (287) (1,736) (3,457) (40) (28) (330)
-------- -------- ---------- ------- ------- -------
Total Deductions 27,164 34,170 166,456 3,315 1,352 1,956
-------- -------- ---------- ------- ------- -------
Increase (Decrease)
in net assets 32,671 (60,946) (271,321) 57,227 25,380 45,240
Net assets at beginning
of year 350,335 436,218 2,985,218 0 0 0
-------- -------- ---------- ------- ------- -------
Net assets at end of year $383,006 $375,272 $2,713,897 $57,227 $25,380 $45,240
======== ======== ========== ======= ======= =======
47
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN Schedule III (Cont'd)
ALLOCATION OF CHANGES IN NET ASSETS TO INVESTMENT FUNDS
For the year ended December 30, 1994
(in thousands)
Subtotal
Loan Boston Kodak Eastman Fidelity Managed Fidelity
Fund Safe Funds Stock Fund Stock Fund Income Portfolio Fund
-------- ---------- ---------- ---------- ---------------- --------
ADDITIONS TO NET ASSETS:
Dividends on Eastman Kodak
Company common stock $ 11,392 $ 689
Dividends on Eastman Chemical
Company common stock $ 490
Other dividends 9,927 $ 593
Interest 238,139 64 30 $ 23,561 9
Income from common/collective
trusts (pooled) funds 804
Net realized and unrealized
gains (losses) from
investments 32,819 4,531 2,872 4 (784)
Employer contributions 148,334 107 2,632 224
Transfers among funds 0 (8,744) 15,659 (46,217) 8,687
Transfers between plan trusts (378,751) 23,736 5,993 309,161
------- ---------- ------- ------- -------- ------
Total Additions $ 0 62,664 20,276 25,151 289,141 8,729
------- ---------- ------- ------- -------- ------
DEDUCTIONS FROM NET ASSETS:
Distributions to participants (262) (145,713) (242) (43) (7,233) (42)
Distributions to successor plans (722) (54,722) (19,629) (24,943) (280,202) (8,677)
Loans transfers, net 29,084 0 (397) (163) (1,697) (9)
Administrative expenses (5,878) (8) (2) (9) (1)
------- ---------- ------- ------- -------- ------
Total Deductions (28,100) 206,313 20,276 25,151 289,141 8,729
------- ---------- ------- ------- -------- ------
Increase (Decrease)
in net assets 28,100 (143,649) 0 0 0 0
Net assets at beginning
of year 0 3,771,771 0 0 0 0
------- ---------- ------- ------- -------- ------
Net assets at end of year $28,100 $3,628,122 $ 0 $ 0 $ 0 $ 0
======= ========== ======= ======= ======== ======
48
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN Schedule III (Cont'd)
ALLOCATION OF CHANGES IN NET ASSETS TO INVESTMENT FUNDS
For the year ended December 30, 1994
(in thousands)
Fidelity Fidelity Subtotal
Puritan Magellan Fidelity Loan Fidelity TOTAL
Fund Fund Contrafund Fund Investments ALL FUNDS
-------- -------- ---------- -------- ----------- -----------
ADDITIONS TO NET ASSETS:
Dividends on Eastman Kodak
Company common stock $ 689 $ 12,081
Dividends on Eastman Chemical
Company common stock 490 490
Other dividends $ 1,428 $ 1,621 $ 97 3,739 13,666
Interest 16 51 18 23,749 261,888
Income from common/collective
trusts (pooled) funds 804
Net realized and unrealized
gains (losses) from
investments (1,958) (2,346) (813) 1,506 34,325
Employer contributions 416 691 398 4,468 152,802
Transfers among funds 17,319 (1,192) 14,488 0 0
Transfers between plan trusts 36,351 $3,510 378,751 0
------- ------- ------- ------ -------- ----------
Total Additions 17,221 35,176 14,188 3,510 413,392 476,056
------- ------- ------- ------ -------- ----------
DEDUCTIONS FROM NET ASSETS:
Distributions to participants (165) (321) (33) (33) (8,112) (153,825)
Distributions to successor plans (16,968) (34,493) (14,123) (6,216) (405,251) (459,973)
Loans transfers, net (88) (356) (29) 2,739 0 0
Administrative expenses (6) (3) (29) (5,907)
------- ------- ------- ------ -------- ----------
Total Deductions 17,221 35,176 14,188 3,510 413,392 619,705
------- ------- ------- ------ -------- ----------
Increase (Decrease)
in net assets 0 0 0 0 0 (143,649)
Net assets at beginning
of year 0 0 0 0 0 3,771,771
------- ------- ------- ------ -------- ----------
Net assets at end of year $ 0 $ 0 $ 0 $ 0 $ 0 $3,628,122
======= ======= ======= ====== ======== ==========
49
Schedule III (Cont'd)
EASTMAN KODAK EMPLOYEES' SAVINGS AND INVESTMENT PLAN
ALLOCATION OF CHANGES IN NET ASSETS TO INVESTMENT FUNDS
For the year ended December 30, 1993
(in thousands)
U.S. Fixed
Kodak Diversified Government Income
Stock Fund Securities Fund
(Fund A) (Fund B) (Fund C) (Fund D)
------ ------ ------ ------
ADDITIONS TO NET ASSETS:
Dividends on Eastman Kodak
Company common stock $ 11,415
Other dividends $ 5,833
Interest 793 1,114 $ 4 $ 256,697
Income from common/collective
trusts (pooled) funds 45 110 1,408
Net realized and unrealized
gains (losses) from
investments 101,164 21,788 1 (7)
Employer contributions 9,218 32,106 133,818
Transfers among funds (43,783) 54,409 (162) (10,464)
-------- -------- ---- ----------
Total Additions 78,852 115,360 (157) 381,452
-------- -------- ---- ----------
DEDUCTIONS FROM NET ASSETS:
Distributions to participants (10,900) (9,837) (97,583)
Administrative expenses (56) (431) (1) (1,627)
-------- -------- ---- ----------
Total Deductions 10,956 10,268 1 99,210
-------- -------- ---- ----------
Increase (Decrease)
in net assets 67,896 105,092 (158) 282,242
Net assets at beginning
of year 282,439 331,126 158 2,702,976
-------- -------- ---- ----------
Net assets at end
of year $350,335 $436,218 $ 0 $2,985,218
======== ======== ==== ==========
50
CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in the Registration
Statement on Form S-8 (No. 33-65035) of Eastman Kodak Company of our report
dated April 26, 1996 relating to the Eastman Kodak Employees' Savings and
Investment Plan financial statements appearing on page 3 of this Annual
Report on Form 11-K.
PRICE WATERHOUSE LLP
Rochester, New York
April 26, 1996