Kodak 2006 Annual Report Download - page 132

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
(footnotes for previous page)
(1) Includes $768 million of restructuring charges, net of reversals; $2 million of income related to legal settlements; $46 million of income related to property and
asset sales; and $11 million of charges related to asset impairments. These items increased net loss by $692 million. Also included is a valuation allowance of $90
million recorded against the Company’s net deferred assets in certain jurisdictions outside the U.S., portions of which are reflected in the aforementioned net loss
impact.
(2) Includes $1,118 million of restructuring charges; $52 million of purchased R&D; $44 million for charges related to asset impairments; $41 million of income
related to the gain on the sale of properties in connection with restructuring actions; $21 million for unfavorable legal settlements and a $6 million tax charge re-
lated to a change in estimate with respect to a tax benefit recorded in connection with a land donation in a prior period. These items increased net loss by $1,080
million. Also included is a valuation allowance of $961 million recorded against the Company’s net deferred tax assets in the U.S., portions of which are reflected
in the aforementioned net loss impact.
(3) Includes $889 million of restructuring charges; $16 million of purchased R&D; $12 million for a charge related to asset impairments and other asset write-offs;
and a $6 million charge for a legal settlement Also includes the benefit of two legal settlements of $101 million. These items reduced net earnings by $609 mil-
lion.
(4) Includes $552 million of restructuring charges; $31 million of purchased R&D; $7 million for a charge related to asset impairments and other asset write-offs; a
$12 million charge related to an intellectual property settlement; $14 million for a charge connected with the settlement of a patent infringement claim; $14 mil-
lion for a charge connected with a prior-year acquisition; $9 million for a charge to write down certain assets held for sale following the acquisition of the Burrell
Companies; $8 million for a donation to a technology enterprise; an $8 million charge for legal settlements; a $9 million reversal for an environmental reserve; and
a $13 million tax benefit related to patent donations. These items reduced net earnings by $441 million.
(5) 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.
(6) Refer to Note 22, “Discontinued Operations” for a discussion regarding the earnings from discontinued operations.