Kodak 2013 Annual Report Download - page 131

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Table of Contents
Change in Segment Measure of Profit and Loss
During the second quarter of 2013, the Predecessor Company changed its segment measure of profit and loss to exclude amortization of prior
service credits related to the U.S. Postretirement Benefit Plan. Prior to this change, Kodak excluded certain other components of pension and
other postretirement benefit obligation (“OPEB”) costs from the segment measure of profitability. As a result of this change, the operating
segment results now exclude the interest cost, expected return on plan assets, amortization of actuarial gains and losses, amortization of prior
service credits related to the U.S. Postretirement Benefit Plan, and special termination benefit, curtailment and settlement components of
pension and OPEB expense. The service cost component for all plans will continue to be reported as a part of operating segment results, as will
the amortization of prior service cost component for all plans other than for the U.S. Postretirement Benefit Plan. Prior period segment results
have been revised to reflect this change.
Upon adoption of fresh start accounting, the Successor Company eliminated prior service credits related to the U.S. Postretirement Benefit
Plan. Therefore the four months ended December 31, 2013 does not include any amortization related to prior service credits related to the U.S.
Postretirement Benefit Plan.
Segment financial information is shown below.
PAGE 124
Successor
Predecessor
(in millions)
Four Months Ended
December 31, 2013
Eight Months
Ended August 31,
2013
Year Ended
December 31,
2012
Year Ended
December 31,
2011
Net sales from continuing operations:
Graphics, Entertainment & Commercial
Films
$
519
$
987
$
1,680
$
2,341
Digital Printing and Enterprise
284
519
939
1,099
All Other
2
36
100
145
Consolidated total
$
805
$
1,542
$
2,719
$
3,585