Kodak 2001 Annual Report Download - page 78

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76
Segment financial information is shown below.
(in millions) 2001 2000 1999
Net sales:
Photography $9,403 $10,231 $ 10,265
Health Imaging 2,262 2,220 2,159
Commercial Imaging 1,459 1,417 1,479
All Other 110 126 186
Consolidated total $13,234 $13,994 $ 14,089
Earnings from operations:
Photography $787 $1,430 $ 1,709
Health Imaging 323 518 483
Commercial Imaging 165 233 257
All Other (60) (11) (109)
Total of segments 1,215 2,170 2,340
Restructuring costs and credits
and asset impairments (732) 44 (350)
Wolf charge (77) ––
Environmental reserve (41) ––
Kmart charge (20) ––
Consolidated total $345 $2,214 $ 1,990
Net earnings:
Photography $535 $1,034 $ 1,261
Health Imaging 221 356 324
Commercial Imaging 80 90 178
All Other (38) (2) (61)
Total of segments 798 1,478 1,702
Restructuring costs and credits
and asset impairments (735) 44 (350)
Wolf charge (77) ––
Environmental reserve (41) ––
Kmart charge (20) ––
Interest expense (219) (178) (142)
Other corporate items 826 22
Income tax effects on above
items and taxes not allocated
to segments 362 37 160
Consolidated total $76$1,407 $ 1,392
(in millions) 2001 2000 1999
Operating net assets:
Photography $6,288 $7,100 $ 6,875
Health Imaging 1,426 1,491 1,229
Commercial Imaging 1,085 1,045 963
All Other (219) (92) (123)
Total of segments 8,580 9,544 8,944
LIFO inventory reserve (444) (449) (465)
Cash and marketable
securities 451 251 393
Dividends payable –(128) (139)
Net deferred income tax
(liabilities) and assets 97 (4) 191
Noncurrent other
postemployment liabilities (2,180) (2,209) (2,289)
Other corporate net assets (410) (205) (624)
Consolidated
net assets (1) $6,094 $6,800 $ 6,011
(1) Consolidated net assets are derived from the Consolidated Statement of Financial
Position, as follows:
(in millions) 2001 2000 1999
Total assets $13,362 $14,212 $ 14,370
Total liabilities 10,468 10,784 10,458
Less: Short-term borrowings and
current portion of long-term debt (1,534) (2,206) (1,163)
Less: Long-term debt, net of current portion (1,666) (1,166) (936)
Non-interest-bearing
liabilities 7,268 7,412 8,359
Consolidated net assets $6,094 $6,800 $ 6,011