Kodak 2013 Annual Report Download - page 137

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Table of Contents
Corporate components of pension and OPEB include 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 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 and curtailments and settlements included in Earnings (loss) from
discontinued operations, net of income taxes in the Consolidated Statement of Operations.
Changes in Estimates Recorded During the Fourth Quarter Ended December 31, 2012
During the fourth quarter ended December 31, 2012, Kodak recorded an increase of expense of approximately $35 million, net of tax,
related to changes in estimates with respect to certain of its employee benefit and compensation accruals. These changes in estimates
negatively impacted results for the quarter by $.13 per share.
PAGE 130
(3) Includes pre-tax corporate components of pension and OPEB costs of $16 million (included in Cost of sales, SG&A, and R&D), which
increased net earnings from continuing operations by $16 million; and $2,217 million of income from Reorganization items, net.
(4) Includes pre-tax corporate components of pension and OPEB costs of $13 million (included in Cost of sales, SG&A, and R&D), which
increased net earnings from continuing operations by $13 million; and $5 million of Reorganization items, net.
(5) Includes pre-tax restructuring charges of $13 million included in Restructuring costs and other which decreased net earnings by $12
million, pre-tax impairment charges of $8 million included in Other operating (expense) income which decreased net earnings by $8
million, corporate components of pension and OPEB costs of $54 million (included in Cost of sales, SG&A, and R&D), which increased
net earnings from continuing operations by $54 million, gain on sales of assets of $6 million which increased net earnings from
continuing operations by $5 million and $10 million of Reorganization items, net.
(6) Includes pre-
tax restructuring charges of $81 million ($1 million included in Cost of sales and $80 million included in Restructuring costs
and other), which decreased net earnings from continuing operations by $77 million and $88 million of Reorganization items, net.
(7) Includes pre-tax restructuring charges of $6 million ($2 million included in Cost of sales and $4 million included in Restructuring costs
and other), which decreased net earnings from continuing operations by $6 million; corporate components of pension and OPEB costs of
$5 million (included in Cost of sales, SG&A, and R&D) which decreased net earnings from continuing operations by $3 million and $160
million of Reorganization items, net.
(8) Includes pre-tax restructuring charges of $120 million ($9 million included in Cost of sales and $111 million included in Restructuring
costs and other), which decreased net earnings from continuing operations by $113 million; corporate components of pension and OPEB
costs of $6 million (included in Cost of sales, SG&A, and R&D) which decreased net earnings from continuing operations by $3 million
and $56 million of Reorganization items, net.
(9) Includes pre-
tax restructuring charges of $25 million ($5 million included in Cost of sales and $20 million included in Restructuring costs
and other), which decreased net earnings from continuing operations by $30 million; corporate components of pension and OPEB costs of
$8 million (included in Cost of sales, SG&A, and R&D), which increased net earnings from continuing operations by $9 million, $35
million associated with the termination of a supply agreement which increased net earnings from continuing operations by $35 million,
gain on sale of assets of $50 million which increased net earnings from continuing operations by $33 million and $539 million of
Reorganization items, net.
(10)
Refer to Note 26,
“
Discontinued Operations,
”
in the Notes to Financial Statements for a discussion regarding discontinued operations.