Xerox 2012 Annual Report Download - page 70

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Notes to Consolidated Financial Statements
(in millions, except per-share data and where otherwise noted)
68
The following is a reconciliation of segment profit to pre-tax income:
Years Ended December 31,
Segment Profit Reconciliation to Pre-tax Income 2012 2011 2010
Total Segment Profit $ 1,997 $ 2,092 $ 1,875
Reconciling items:
Restructuring and asset impairment charges (153) (33) (483)
Restructuring charges of Fuji Xerox (16) (19) (38)
Acquisition-related costs – – (77)
Amortization of intangible assets (328) (398) (312)
Venezuelan devaluation costs – – (21)
ACS shareholders’ litigation settlement – – (36)
Loss on early extinguishment of liability and debt – (33) (15)
Equity in net income of unconsolidated affiliates (152) (149) (78)
Curtailment gain – 107 –
Other – (2) –
Pre-tax Income $ 1,348 $ 1,565 $ 815
Geographic area data is based upon the location of the subsidiary reporting the revenue or long-lived assets and is as follows for the three years
ended December 31, 2012:
Revenues Long-Lived Assets (1)
2012 2011 2010 2012 2011 2010
United States $ 14,701 $ 14,493 $ 13,801 $ 1,966 $ 1,894 $ 1,764
Europe 5,111 5,557 5,332 784 776 741
Other areas 2,578 2,576 2,500 262 276 309
Total Revenues and Long-Lived Assets $ 22,390 $ 22,626 $ 21,633 $ 3,012 $ 2,946 $ 2,814
(1) Long-lived assets are comprised of (i) land, buildings and equipment, net, (ii) equipment on operating leases, net, (iii) internal use software, net and (iv) product software, net.