Kodak 2003 Annual Report Download - page 75

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Financials
75
(in millions) 2003 2002 2001
Net sales from continuing operations
Photography $ 9,232 $ 9,002 $ 9,403
Health Imaging 2,431 2,274 2,262
Commercial Imaging 1,559 1,456 1,454
All Other 95 103 110
Consolidated total $13,317 $12,835 $13,229
Earnings from continuing operations
before interest, other charges, net,
and income taxes
Photography $ 418 $ 771 $ 787
Health Imaging 481 431 323
Commercial Imaging 166 192 172
All Other (78) (28) (60)
Total of segments 987 1,366 1,222
Strategic asset impairments (3) (32) (12)
Impairment of Burrell Companies’
net assets held for sale (9) ——
Restructuring costs and other (557) (114) (720)
Donation to technology enterprise (8) ——
GE settlement (12) ——
Patent infringement claim settlement (14) ——
Prior year acquisition settlement (14) ——
Legal settlements (8) ——
Environmental reserve reversal 9——
Wolf charge —— (77)
Environmental reserve —— (41)
Kmart charge —— (20)
Consolidated total $ 371 $ 1,220 $ 352
(in millions) 2003 2002 2001
Net earnings from continuing operations
Photography $ 347 $ 550 $ 535
Health Imaging 382 313 221
Commercial Imaging 99 83 84
All Other (73) (23) (38)
Total of segments 755 923 802
Strategic asset and venture investment
impairments (7) (50) (15)
Impairment of Burrell Companies’
net assets held for sale (9) ——
Restructuring costs and other (557) (114) (720)
Donation to technology enterprise (8) ——
GE settlement (12) ——
Patent infringement claim settlement (14) ——
Prior year acquisition settlement (14) ——
Legal settlements (8) ——
Environmental reserve reversal 9——
Wolf charge —— (77)
Environmental reserve —— (41)
Kmart charge —— (20)
Interest expense (148) (173) (219)
Other corporate items 11 14 8
Tax benefit-contribution of patents 13 ——
Tax benefit-PictureVision
subsidiary closure —45 —
Tax benefit-Kodak Imagex Japan —46 —
Income tax effects on above items
and taxes not allocated to segments 227 102 363
Consolidated total $ 238 $ 793 $ 81
Segment total assets
Photography $ 8,905 $ 8,798 $ 9,255
Health Imaging 2,600 2,011 2,038
Commercial Imaging 1,396 1,405 1,438
All Other 10 66 (16)
Total of segments 12,911 12,280 12,715
LIFO inventory reserve (362) (392) (444)
Cash and marketable securities 1,261 577 451
Deferred income tax assets 988 933 722
Other corporate assets/(reserves) 20 96 (82)
Consolidated total assets $14,818 $13,494 $13,362