Kodak 2008 Annual Report Download - page 71

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The reduction in non-current receivables was primarily due to an amendment of an intellectual property licensing agreement with an
existing licensee executed during the third quarter of 2008. See Note 9, “Other Long-Term Liabilities.”
The Other component above consists of other miscellaneous long-term assets that, individually, were less than 5% of the
Company’s total assets, and therefore, have been aggregated in accordance with Regulation S-X.
NOTE 7: ACCOUNTS PAYABLE AND OTHER CURRENT LIABILITIES
As of December 31,
(in millions) 2008 2007
Accounts payable, trade $ 1,288 $ 1,233
Accrued employment-related liabilities 520 727
Accrued advertising and promotional expenses 416 541
Deferred revenue 217 414
Accrued restructuring liabilities 129 164
Other 697 715
Total $ 3,267 $ 3,794
The Other component above consists of other miscellaneous current liabilities that, individually, were less than 5% of the Total
current liabilities component within the Consolidated Statement of Financial Position, and therefore, have been aggregated in
accordance with Regulation S-X.
NOTE 8: SHORT-TERM BORROWINGS AND LONG-TERM DEBT
Short-Term Borrowings And Current Portion Of Long-Term Debt
The Company’s short-term borrowings and current portion of long-term debt were as follows:
As of December 31,
(in millions) 2008 2007
Current portion of long-term debt $ 50 $ 300
Short-term bank borrowings 1 8
Total $ 51 $ 308
The weighted-average interest rates for Short-term bank borrowings outstanding at December 31, 2008 and 2007 were 5.60% and
7.50%, respectively.
As of December 31, 2008, the Company and its subsidiaries, on a consolidated basis, maintained $1,049 million in committed bank
lines of credit and $446 million in uncommitted bank lines of credit to ensure continued access to short-term borrowing capacity, as
described further below.