Kodak 2012 Annual Report Download - page 74

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Table of Contents
NOTE 4: REORGANIZATION ITEMS, NET
A summary of reorganization items, net for the year ended December 31, 2012 is presented in the following table:
For the year ended December 31, 2012, Kodak paid approximately $167 million for reorganization items.
NOTE 5: RECEIVABLES, NET
Approximately $99 million and $191 million of the total trade receivable amounts as of December 31, 2012 and 2011, respectively, will
potentially be settled through customer deductions in lieu of cash payments. Such deductions represent rebates owed to customers and are
included in Other current liabilities as of December 31, 2011 and Other current liabilities and Liabilities subject to compromise as of
December 31, 2012 in the accompanying Consolidated Statement of Financial Position.
NOTE 6: INVENTORIES, NET
NOTE 7: PROPERTY, PLANT AND EQUIPMENT, NET
Depreciation expense was $218 million, $253 million, and $318 million for the years 2012, 2011, and 2010, respectively, of which
approximately $13 million, $10 million, and $6 million, respectively, represented accelerated depreciation in connection with restructuring
actions.
70
(in millions)
For the Year Ended
December 31, 2012
Professional fees
$
178
DIP credit agreement financing costs
47
Gain on settlement of other postemployment liabilities
(238
)
Provision for expected allowed claims
856
Reorganization items, net
$
843
As of December 31,
(in millions)
2012
2011
Trade receivables
$
684
$
996
Miscellaneous receivables
106
107
Total (net of allowances of $56 and $51 as of December 31, 2012 and 2011,
respectively)
$
790
$
1,103
As of December 31,
(in millions)
2012
2011
Finished goods
$
306
$
379
Work in process
119
123
Raw materials
118
105
Total
$
543
$
607
As of December 31,
(in millions)
2012
2011
Land
$
41
$
44
Buildings and building improvements
1,314
1,339
Machinery and equipment
3,716
4,042
Construction in progress
34
60
5,105
5,485
Accumulated depreciation
(4,412
)
(4,590
)
Net properties
$
693
$
895