Kodak 2008 Annual Report Download - page 70

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The gross carrying amount and accumulated amortization by major intangible asset category as of December 31, 2008 and 2007
were as follows:
(in millions) As of December 31, 2008
Gross Carrying Accumulated Weighted-Average
Amount Amortization Net Amortization Period
Technology-based $ 333 $ 213 $ 120 7 years
Customer-related 276 156 120 10 years
Other 57 40 17 9 years
Total $ 666 $ 409 $ 257 8 years
(in millions) As of December 31, 2007
Gross Carrying Accumulated Weighted-Average
Amount Amortization Net Amortization Period
Technology-based $ 326 $ 166 $ 160 7 years
Customer-related 281 125 156 10 years
Other 82 36 46 8 years
Total $ 689 $ 327 $ 362 8 years
During the fourth quarter of 2007, the Company announced its intention to dispose of its stake in Lucky Film Co., Ltd., and to
terminate its manufacturing exclusivity agreement. In connection with this plan, the Company recorded an asset impairment charge
against earnings of $46 million, which was included in Other operating expenses (income), net on the Consolidated Statement of
Operations. As a result, other intangible assets and accumulated amortization were written down by $132 million and $86 million,
respectively.
Amortization expense related to intangible assets was $80 million, $106 million, and $120 million for the years ended
December 31, 2008, 2007 and 2006, respectively.
Estimated future amortization expense related to purchased intangible assets as of December 31, 2008 was as follows (in millions):
2009 $ 72
2010 60
2011 41
2012 26
2013 13
2014+ 45
Total $ 257
NOTE 6: OTHER LONG-TERM ASSETS
As of December 31,
(in millions) 2008 2007
Overfunded pension plans $ 773 $ 2,454
Deferred income taxes, net of valuation allowance 506 636
Intangible assets 257 362
Non-current receivables 59 446
Other 133 240
Total $ 1,728 $ 4,138
See Note 17, “Retirement Plans,” for explanation of the decrease in the overfunded pension plans balance.