Kodak 2011 Annual Report Download - page 86

Costs incurred under these extended warranty and maintenance arrangements for the years ended December 31, 2011 and 2010 amounted to $305
million and $363 million, respectively.
NOTE 13: FINANCIAL INSTRUMENTS
The following table presents the carrying amounts, estimated fair values, and location in the Consolidated Statement of Financial Position for the
Company’s financial instruments:
(1) Recorded at fair value.
(2) Recorded at historical cost.
The Company does not utilize financial instruments for trading or other speculative purposes.
Assets
(in millions) December 31, 2011 December 31, 2010
Balance Sheet Location
Carrying
Amount
Fair Value
Carrying
Amount
Fair Value
Marketable securities:
Available
-
for
-
sale (1)
Other current assets and Other long-
term assets
$
12
$
12
$
10
$
10
Held
-
to
-
maturity (2)
Other current assets and Other long-
term assets
30
30
8
8
Derivatives designated as hedging
instruments:
Commodity contracts (1)
Receivables, net
-
-
2
2
Derivatives not designated as hedging
instruments:
Foreign exchange contracts (1)
Receivables, net
3
3
11
11
Foreign exchange contracts (1)
Other long
-
term assets
1
1
1
1
Liabilities
(in millions)
December 31, 2011
December 31, 2010
Balance Sheet Location
Carrying
Amount
Fair Value
Carrying
Amount
Fair Value
Short-term borrowings and current
portion of long
-
term debt (2)
Short-term borrowings and current
portion of long
-
term debt
$
152
$
127
$
50
$
51
Long-term borrowings, net of current
portion (2)
Long
-
term debt, net of current portion
1,363
781
1,195
1,242
Derivatives designated as hedging
instruments:
Commodity contracts (1)
Other current liabilities
6
6
-
-
Derivatives not designated as hedging
instruments:
Foreign exchange contracts (1)
Other current liabilities
4
4
8
8
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