Kodak 2006 Annual Report Download - page 100

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
NOTE 14: OTHER INCOME (CHARGES), NET
(in millions) 2006 2005 2004
Income (charges):
Investment income $ 60 $ 25 $ 18
Loss on foreign exchange transactions (3) (31) (10)
Equity in income of unconsolidated affiliates 7 12 30
Gain on sales of capital assets 56 74 15
Interest on past-due receivables and finance revenue on sales 3 4 4
Minority interest (7) (4) (2)
Asset impairments (11) (25) —
Gains on sales of cost method investments 13 4 —
Loss on early extinguishment of debt (9) — —
Lucky Film impairment — (19) —
Sun Microsystems settlement — — 92
Legal settlement — — 9
Other 9 4 5
Total $ 118 $ 44 $ 161
NOTE 15: INCOME TAXES
The components of (loss) earnings from continuing operations before income taxes and the related provision (benefit) for U.S. and other income taxes
were as follows:
(in millions) 2006 2005 2004
(Loss) earnings before income taxes
U.S. $ (555) $ (1,007) $ (600)
Outside the U.S. 209 208 487
Total $ (346) $ (799) $ (113)
U.S. income taxes
Current provision (benefit) $ 194 $ 19 $ (234)
Deferred (benefit) provision (145) 493 (92)
Income taxes outside the U.S.
Current provision 135 138 141
Deferred provision (benefit) 38 (93) (2)
State and other income taxes
Current provision (benefit) 45 (2) 2
Deferred (benefit) provision (13) — 3
Total $ 254 $ 555 $ (182)