Kodak 2002 Annual Report Download - page 79

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Financials
79
(1) Includes $143 million of restructuring charges; $29 million reversal of restructuring charges; $50 million for a charge related to asset impairments and other asset
write-offs; and a $121 million tax benefit relating to the closure of the Company's PictureVision subsidiary, the consolidation of the Company's photofinishing
operations in Japan, asset write-offs and a change in the corporate tax rate. These items improved net earnings by $7 million.
(2) Includes $678 million of restructuring charges; $42 million for a charge related to asset impairments associated with certain of the Company’s photofinishing
operations; $15 million for asset impairments related to venture investments; $41 million for a charge for environmental reserves; $77 million for the Wolf
bankruptcy; a $20 million charge for the Kmart bankruptcy; $18 million of relocation charges related to the sale and exit of a manufacturing facility; an $11 million
tax benefit related to a favorable tax settlement; and a $20 million tax benefit representing a decline in the year-over-year effective tax rate. These items reduced
net earnings by $594 million.
(3) Includes accelerated depreciation and relocation charges related to the sale and exit of a manufacturing facility of $50 million, which reduced net earnings by $33
million.
(4) Includes $350 million of restructuring charges, and an additional $11 million of charges related to this restructuring program; $103 million of charges associated
with business exits; a gain of $95 million on the sale of The Image Bank; and a gain of $25 million on the sale of the Motion Analysis Systems Division. These items
reduced net earnings by $227 million.
(5) Includes $35 million of litigation charges; $132 million of Office Imaging charges; $45 million primarily for a write-off of in-process R&D associated with the Imation
acquisition; a gain of $87 million on the sale of NanoSystems; and a gain of $66 million on the sale of part of the Company’s investment in Gretag. These items
reduced net earnings by $39 million.
(6) Refer to Note 21, “Discontinued Operations” for a discussion regarding loss from discontinued operations.
(7) Includes a $42 million charge for the write-off of in-process R&D associated with the Imation acquisition.
(8) Excludes short-term borrowings and current portion of long-term debt.