Xerox 2003 Annual Report Download - page 59

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57
The following is a reconciliation of segment profit
to total company pre-tax income (loss):
Years ended December 31, 2003 2002 2001
Total segment profit $ 915 $ 833 $ 304
Unallocated items:
Restructuring and asset
impairment charges (176) (670) (715)
Gain on early extinguishment
of debt ––63
Restructuring related inventory
write-down charges –(2) (42)
Provision for litigation (239) ––
Gain on sale of Fuji Xerox interest –– 773
Other expenses (6) (3) (2)
Allocated item:
Equity in net income of
unconsolidated affiliates (58) (54) (53)
Pre-tax income $ 436 $ 104 $ 328
Geographic area data was as follows:
Revenues Long-Lived Assets (1)
2003 2002(2) 2001 2003 2002 2001
United States $ 8,547 $ 9,096 $10,034 $1,477 $1,524 $1,880
Europe 4,863 4,425 5,039 616 718 767
Other Areas 2,291 2,328 1,935 460 379 706
Total $15,701 $15,849 $17,008 $2,553 $2,621 $3,353
(1) Long-lived assets are comprised of (i) land, buildings and equipment, net, (ii) on-lease equipment, net, and (iii) capitalized software costs, net.
(2) Amounts have been revised to reflect reclassification of revenues previously reported in the United States.
Note 9 – Supplementary Financial
Information
The components of other current assets and other cur-
rent liabilities at December 31, 2003 and 2002 were as
follows:
2003 2002
Other current assets
Deferred taxes $ 402 $ 449
Restricted cash 386 263
Prepaid expenses 35 140
Financial derivative instruments 24 85
Other 258 250
Total $1,105 $1,187
Other current liabilities
Income taxes payable $ 264 $ 236
Other taxes payable 289 177
Interest payable 147 187
Restructuring reserves 180 286
Due to Fuji Xerox 111 117
Financial derivative instruments 51 70
Other 610 760
Total $1,652 $1,833
The components of other long-term assets and
other long-term liabilities at December 31, 2003 and
2002 were as follows:
2003 2002
Other long-term assets
Prepaid pension costs $ 736 $ 611
Net investment in discontinued operations 449 728
Internal use software, net 307 341
Restricted cash 343 414
Investments in non-affiliated companies 104 24
Financial derivative instruments 89 122
Debt issuance costs 79 159
Other 370 351
Total other long-term assets $2,477 $2,750
Other long-term liabilities
Deferred and other tax liabilities $ 809 $ 831
Minorities’ interests in equity of subsidiaries 102 73
Financial derivative instruments 11 14
Other 356 299
Total other long-term liabilities $1,278 $1,217
Net investment in discontinued operations: Our net
investment in discontinued operations is primarily
related to the disengagement from our former insur-
ance holding company, Talegen Holdings, Inc.
(“Talegen”), and consists of our net investment in