Kodak 2004 Annual Report Download - page 77

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Financials
75
2004 SUMMARY ANNUAL REPORT
Restructuring Programs Summary
The activity in the accrued restructuring balances and the non-cash charges incurred in relation to all of the restructuring programs described below was
as follows for fi scal 2004:
Other
Balance Ajustments Balance
Dec. 31, Costs Cash Non-cash and Dec. 31,
(in millions) 2003 Incurred Reversals Payments Settlements Reclasses (1) 2004
2004-2006 Program:
Severance reserve $ — $ 418 $ (6) $ (169) $ — $ 24 $ 267
Exit costs reserve — 99 (1) (47) — (15) 36
Total reserve $ — $ 517 $ (7) $ (216) $ — $ 9 $ 303
Long-lived asset
impairments and inventory
write-downs $ — $ 157 $ — $ — $ (157) $ — $ —
Accelerated depreciation — 152 — — (152) — —
Q3 2003 Program:
Severance reserve $ 180 $ 45 $ (4) $ (208) $ — $ 17 $ 30
Exit costs reserve 12 7 (3) (14) — — 2
Total reserve $ 192 $ 52 $ (7) $ (222) $ — $ 17 $ 32
Long-lived asset
impairments and inventory
write-downs $ — $ 6 $ — $ — $ (6) $ — $ —
Accelerated depreciation $ — $ 24 $ — $ — $ (24) $ — $ —
Q1 2003 Program:
Severance reserve $ 23 $ — $ (1) $ (15) $ — $ — $ 7
Exit costs reserve 4 — — (4) — — —
Total reserve $ 27 $ — $ (1) $ (19) $ — $ — $ 7
Accelerated depreciation $ — $ 7 $ — $ — $ (7) $ — $ —
Phogenix Program:
Exit costs reserve $ 9 $ — $ (6) $ (3) $ — $ — $ —
Q4 2002 Program:
Severance reserve $ 12 $ — $ — $ (11) $ — $ — $ 1
Exit costs reserve 8 1 (4) (3) — — 2
Total reserve $ 20 $ 1 $ (4) $ (14) $ — $ — $ 3
2001 Programs:
Severance reserve $ 6 $ — $ — $ (4) $ — $ — $ 2
Exit costs reserve 13 — (2) (3) — — 8
Total reserve $ 19 $ — $ (2) $ (7) $ — $ — $ 10
Total of all restructuring programs $ 267 $ 916 $ (27) $ (481) $ (346) $ 26 $ 355
(1) The Other Adjustments and Reclasses column of the table above includes reclassifi cations to Other long-term assets, Pension and other postretirement
liabilities and Other long-term liabilities in the Consolidated Statement of Financial Position. It also includes foreign currency translation adjustments of
$19 million which are refl ected in the Consolidated Statement of Earnings.