Kodak 2004 Annual Report Download - page 76

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Financials
74
EASTMAN KODAK COMPANY
result, no provision has been made for income taxes that would be payable
upon distribution of such earnings.
NOTE 16: RESTRUCTURING COSTS
AND OTHER
Restructuring Costs and Other Currently, the Company is being
adversely impacted by the progressing digital substitution. As the Company
continues to adjust its operating model in light of changing business condi-
tions, it is probable that ongoing cost reduction activities will be required
from time to time.
In accordance with this, the Company periodically announces planned
restructuring programs (Programs), which often consist of a number of
restructuring initiatives. These Program announcements provide estimated
ranges relating to the number of positions to be eliminated and the total
restructuring charges to be incurred. The actual charges for initiatives
under a Program are recorded in the period in which the Company commits
to formalized restructuring plans or executes the speciļ¬ c actions contem-
plated by the Program and all criteria for restructuring charge recognition
under the applicable accounting guidance have been met.