Kodak 2012 Annual Report Download - page 115

Table of Contents
NOTE 26: SEGMENT INFORMATION
Current Segment Reporting Structure
Effective September 30, 2012, Kodak changed its segment reporting structure to three reportable segments: the Graphics, Entertainment and
Commercial Films Segment, the Digital Printing and Enterprise Segment, and the Personalized and Document Imaging Segment. Prior period
segment results have been revised to conform to the current period segment reporting structure. A description of the segments follows.
Graphics, Entertainment and Commercial Films: The Graphics, Entertainment and Commercial Films Segment encompasses Graphics and
Entertainment Imaging & Commercial Films. Product and service offerings include; commercial print, direct mail, book publishing, newspapers
and magazines, packaging, motion picture entertainment, printed electronics, and the aerial and industrial products.
Digital Printing and Enterprise: The Digital Printing and Enterprise Segment encompasses Digital Printing, including PROSPER equipment
and STREAM technology, Packaging and Functional Printing, Enterprise Services & Solutions, and Consumer Inkjet Systems. On
September 28, 2012, Kodak announced a plan, starting in 2013, to focus its Consumer Inkjet business solely on the sale of ink to its installed
printer base.
Personalized and Document Imaging: The Personalized and Document Imaging Segment encompasses Kodak’s patent and trademark
licensing activities, as well as Personalized Imaging and Document Imaging Products and Services. On February 1, 2013, Kodak sold its digital
imaging patents.
Segment financial information is shown below.
111
For the Year Ended December 31,
(in millions)
2012
2011
2010
Net sales from continuing operations:
Graphics, Entertainment and Commercial Films
$
1,742
$
2,251
$
2,407
Digital Printing and Enterprise
940
1,098
950
Personalized and Document Imaging
1,432
1,799
2,636
Consolidated total
$
4,114
$
5,148
$
5,993
Earnings (loss) from continuing operations before interest expense, other
income (charges), net, reorganization items, net and income taxes:
Graphics, Entertainment and Commercial Films
$
(33
)
$
13
$
14
Digital Printing and Enterprise
(211
)
(535
)
(436
)
Personalized and Document Imaging
(56
)
75
833
Total
(300
)
(447
)
411
Restructuring costs and other
(245
)
(130
)
(77
)
Corporate components of pension and OPEB (expense) income (1)
(122
)
(28
)
95
Other operating income (expenses), net
95
65
(619
)
Legal contingencies, settlements and other
(1
)
—
(
8
)
Loss on early extinguishment of debt
(7
)
—
(
102
)
Interest expense
(158
)
(155
)
(148
)
Other income (charges), net
21
(4
)
23
Reorganization items, net
(843
)
—
—
Consolidated loss from continuing operations before income taxes
$
(1,560
)
$
(699
)
$
(425
)
(1) Composed of interest cost, expected return on plan assets, amortization of actuarial gains and losses, and special termination benefits,
curtailments and settlement components of pension and other postretirement benefit expenses, except for settlements in connection with
the chapter 11 bankruptcy proceedings that are recorded in Reorganization items, net in the Consolidated Statement of Operations.