Kodak 2005 Annual Report Download - page 133

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(1) Includes $1,118 million of restructuring charges; $52 million of purchased R&D; $44 million for charges related to asset impairments; $41 million of income
related to the gain on the sale of properties in connection with restructuring actions; $21 million for unfavorable legal settlements and a $6 million tax charge
related to a change in estimate with respect to a tax benefi t recorded in connection with a land donation in a prior period. These items increased net loss by
$1,080 million. Also included is a valuation allowance of $1,081 million recorded against the Company’s net deferred tax assets in the U.S.
(2) Includes $889 million of restructuring charges; $16 million of purchased R&D; $12 million for a charge related to asset impairments and other asset write-offs;
and a $6 million charge for a legal settlement Also includes the benefi t of two legal settlements of $101 million. These items reduced net earnings by
$609 million.
(3) Includes $552 million of restructuring charges; $31 million of purchased R&D; $7 million for a charge related to asset impairments and other asset write-offs;
a $12 million charge related to an intellectual property settlement; $14 million for a charge connected with the settlement of a patent infringement claim;
$14 million for a charge connected with a prior-year acquisition; $9 million for a charge to write down certain assets held for sale following the acquisition of the
Burrell Companies; $8 million for a donation to a technology enterprise; an $8 million charge for legal settlements; a $9 million reversal for an environmental
reserve; and a $13 million tax benefi t related to patent donations. These items reduced net earnings by $441 million.
(4) Includes $143 million of restructuring charges; $29 million reversal of restructuring charges; $50 million for a charge related to asset impairments and other
asset write-offs; and a $121 million tax benefi t relating to the closure of the Company’s PictureVision subsidiary, the consolidation of the Company’s
photofi nishing operations in Japan, asset write-offs and a change in the corporate tax rate. These items improved net earnings by $7 million.
(5) Includes $672 million of restructuring charges; $42 million for a charge related to asset impairments associated with certain of the Company’s
photofi nishing operations; $15 million for asset impairments related to venture investments; $41 million for a charge for environmental reserves; $77 million
for the Wolf bankruptcy; a $20 million charge for the Kmart bankruptcy; $18 million of relocation charges related to the sale and exit of a manufacturing facility;
an $11 million tax benefi t related to a favorable tax settlement; and a $20 million tax benefi t representing a decline in the year-over-year effective tax rate.
These items reduced net earnings by $590 million.
(6) Refer to Note 22, “Discontinued Operations” for a discussion regarding the earnings from discontinued operations.