Kodak 2011 Annual Report Download - page 94

Restructuring and Ongoing Rationalization Reserve Activity
The activity in the accrued balances and the non-cash charges and credits incurred in relation to restructuring programs and ongoing rationalization
activities during the three years ended December 31, 2011 were as follows:
Long-lived Asset
Exit
Impairments
Severance
Costs
and Inventory
Accelerated
(in millions)
Reserve
Reserve
Write
-
downs
Depreciation
Total
Balance at December 31, 2008
$
109
$
21
$
-
$
-
$
130
2009 charges
-
continuing operations (1)
193
27
16
22
258
2009 cash payments/utilization (2)
(154
)
(23
)
(16
)
(22
)
(215
)
2009 other adjustments & reclasses (3)
(80
)
2
-
-
(78
)
Balance at December 31, 2009
68
27
-
-
95
2010 charges
-
continuing operations (4)
49
14
9
6
78
2010 cash payments/utilization (5)
(67
)
(21
)
(9
)
(6
)
(103
)
2010 other adjustments & reclasses (6)
(28
)
-
-
-
(28
)
Balance at December 31, 2010
22
20
-
-
42
2011 charges
-
continuing operations (7)
105
15
3
10
133
2011 cash payments/utilization (8)
(58
)
(13
)
(3
)
(10
)
(84
)
2011 other adjustments & reclasses (9)
(31
)
-
-
-
(31
)
Balance at December 31, 2011 (10)
$
38
$
22
$
-
$
-
$
60
(1)
Severance reserve activity includes charges of $191 million, and net curtailment and settlement losses related to these actions of $2 million.
(2) During the year ended December 31, 2009, the Company made cash payments of approximately $177 million related to restructuring and
rationalization, all of which was paid out of restructuring liabilities.
(3) Includes $84 million of severance related charges for pension plan curtailments, settlements, and special termination benefits, which are reflected in
Pension and other postretirement liabilities and Other long-
term assets in the Consolidated Statement of Financial Position, partially offset by foreign
currency translation adjustments.
(4)
Severance reserve activity includes charges of $49 million.
(5) During the year ended December 31, 2010, the Company made cash payments of approximately $88 million related to restructuring and
rationalization, all of which was paid out of restructuring liabilities.
(6) Includes $28 million of severance related charges for pension plan curtailments, settlements, and special termination benefits, which are reflected in
Pension and other postretirement liabilities and Other long
-
term assets in the Consolidated Statement of Financial Position.
(7)
Severance reserve activity includes charges of $101 million, and net curtailment and settlement losses related to these actions of $4 million.
(8) During the year ended December 31, 2011, the Company made cash payments of approximately $71 million related to restructuring and
rationalization, all of which was paid out of restructuring liabilities.
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