Kodak 2013 Annual Report Download - page 81

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Table of Contents
The net gain on fresh start adjustments has been included in Reorganization items, net in the Consolidated Statement of Operations.
PAGE 76
27.
Represents the write
-
off of deferred costs under various licensing transactions now being reflected in intangible assets.
28.
Represents the write
-
off of unamortized debt issuance costs related to the Emergence Credit Facilities.
29. Represents the revaluation of pension and other postretirement obligations. Refer to Note 19, “Retirement plans “and Note 20, “Other
postretirement benefits
”
for additional information.
30.
Represents the revaluation of deferred revenues to the fair value of Kodak
’
s related future performance obligations.
31.
Represents the write
-
off of unamortized debt discounts related to the Emergence Credit Facilities based on the fair value of debt.
32. Represents $38 million decrease in capitalized lease obligations determined based on market rents, $19 million decrease related to the
remeasurement of employee benefit obligations offset by net $4 million increase in fair value adjustment related to asset retirement
obligations and other miscellaneous liabilities.
33. Reflects the increase in fair value of the 34 million shares of common stock issued in connection with the Rights Offering from $11.94 to
$14.11 per share.
34. Reflects the cumulative impact of fresh start adjustments as discussed above and the elimination of the Predecessor Company’s
accumulated other comprehensive loss.
(in millions)
Establishment of Successor goodwill
$
88
Elimination of Predecessor goodwill
(56
)
Establishment of Successor intangibles
235
Elimination of Predecessor intangibles
(43
)
Inventory fair value adjustment
67
Property, plant & equipment fair value adjustment
220
Pension and other postretirement obligations fair value adjustment
(178
)
Rights offering fair value adjustment
(73
)
Long
-
term debt fair value adjustment
(11
)
Other assets and liabilities fair value adjustments
53
Net gain on fresh start adjustments
302
Tax impact on fresh start adjustments
(69
)
Elimination of Predecessor accumulated other comprehensive loss
(1,008
)
Net impact on Retained earnings (deficit)
$
(775
)