Kodak 2010 Annual Report Download - page 62
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60
NOTE 7: OTHER CURRENT LIABILITIES
As of December 31,
(in millions)
2010
2009
Accrued employment-related liabilities
$ 420
$ 501
Accrued customer rebates, advertising
and promotional expenses
322
369
Deferred revenue
178
275
Accrued restructuring liabilities
42
95
Other
519
652
Total
$ 1,481
$ 1,892
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 current portion of long-term debt was $50 million and $62 million as of December 31, 2010 and 2009, respectively.
There were no amounts outstanding under short-term bank borrowings as of December 31, 2010 and 2009.
Long-Term Debt, Including Lines of Credit
Long-term debt and related maturities and interest rates were as follows:
As of December 31,
(in millions)
2010
2009
Weighted-
Average
Weighted-
Average
Effective
Interest
Amount
Effective
Interest
Amount
Country
Type
Maturity
Rate
Outstanding
Rate
Outstanding
U.S.
Convertible
2010
-
$ -
3.38%
$ 12
U.S.
Term note
2010-2013
6.16%
27
6.16%
35
Germany
Term note
2010-2013
6.16%
109
6.16%
141
U.S.
Term note
2013
7.25%
300
7.25%
500
U.S.
Secured term note
2017
-
-
19.36%
195
U.S.
Secured term note
2018
10.11%
491
-
-
U.S.
Convertible
2017
12.75%
305
12.75%
295
U.S.
Term note
2018
9.95%
3
9.95%
3
U.S.
Term note
2021
9.20%
10
9.20%
10
1,245
1,191
Current portion of long-term debt
(50)
(62)
Long-term debt, net of current portion
$ 1,195
$ 1,129