Kodak 2010 Annual Report Download - page 59
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57
NOTE 2: RECEIVABLES, NET
As of December 31,
(in millions)
2010
2009
Trade receivables
$ 1,137
$ 1,238
Miscellaneous receivables
122
157
Total (net of allowances of $77 and $98
as of December 31, 2010 and 2009, respectively)
$ 1,259
$ 1,395
Approximately $224 million and $218 million of the total trade receivable amounts as of December 31, 2010 and 2009, respectively,
are expected to be settled through customer deductions in lieu of cash payments. Such deductions represent rebates owed to the
customer and are included in Other current liabilities in the accompanying Consolidated Statement of Financial Position at each
respective balance sheet date.
NOTE 3: INVENTORIES, NET
As of December 31,
(in millions)
2010
2009
Finished goods
$ 421
$ 409
Work in process
154
164
Raw materials
121
106
Total
$ 696
$ 679
NOTE 4: PROPERTY, PLANT AND EQUIPMENT, NET
(in millions)
As of December 31,
2010
2009
Land
$ 43
$ 64
Buildings and building improvements
1,413
1,512
Machinery and equipment
4,494
4,792
Construction in progress
72
64
6,022
6,432
Accumulated depreciation
(4,985)
(5,178)
Net properties
$ 1,037
$ 1,254
Depreciation expense was $318 million, $354 million, and $420 million for the years 2010, 2009, and 2008, respectively, of which
approximately $6 million, $22 million, and $6 million, respectively, represented accelerated depreciation in connection with
restructuring actions.