Kodak 2007 Annual Report Download - page 70

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NOTE 14: OTHER OPER ATING (INCOME) EXPENSES, NET
For the Year Ended December 31,
(in millions) 2007 2006 2005
Expenses (income):
Gain on sales of capital assets $ (139) $ (70) $ (65)
Gain on sale of Light Management Films business (19) — —
Lucky intangible asset impairment 46 — —
Other 16 11 25
Total $ (96) $ (59) $ (40)
NOTE 15: OTHER INCOME (CHARGES), NET
For the Year Ended December 31,
(in millions) 2007 2006 2005
Income (charges):
Interest income $ 95 $ 59 $ 24
Gain (loss) on foreign exchange transactions 2 (1) (32)
Interest on past-due receivables and finance revenue on sales 2 2 3
Loss on early extinguishment of debt — (9) —
MUTEC equity method investment impairment (See Note 7) (5) — —
Other (7) 14 9
Total $ 87 $ 65 $ 4
NOTE 16: 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:
For the Year Ended December 31,
(in millions) 2007 2006 2005
(Loss) earnings from continuing operations before income taxes:
U.S. $ (354) $ (559) $ (1,108)
Outside the U.S. 98 (24) (100)
Total $ (256) $ (583) $ (1,208)
U.S. income taxes:
Current (benefit) provision $ (237) $ 196 $ 19
Deferred provision (benefit) 11 (145) 455
Income taxes outside the U.S.:
Current provision 141 100 138
Deferred provision (benefit) 49 38 (161)
State and other income taxes:
Current provision (benefit) (15) 45 (2)
Deferred benefit — (13) —
Total $ (51) $ 221 $ 449