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Table of Contents
Restructuring Reserve Activity
The activity in the accrued balances and the non-cash charges and credits incurred in relation to restructuring programs during the three years
ended December 31, 2012 were as follows:
2010 Activity
The $78 million of charges for the year 2010 includes $6 million of charges for accelerated depreciation and $2 million for inventory write-
downs, which were reported in Cost of sales in the accompanying Consolidated Statement of Operations, and $1 million which was reported in
discontinued operations. The remaining costs incurred of $69 million,
92
Long
-
lived Asset
Exit
Impairments
Severance
Costs
and Inventory
Accelerated
(in millions)
Reserve
Reserve
Write
-
downs
Depreciation
Total
Balance at December 31, 2009
$
68
$
27
$
—
$
—
$
95
2010 charges
—
continuing operations (1)
48
14
9
6
77
2010 charges
—
discontinued operations (1)
1
—
—
—
1
2010 cash payments/utilization
(67
)
(21
)
(9
)
(6
)
(103
)
2010 other adjustments & reclasses (2)
(28
)
—
—
—
(
28
)
Balance at December 31, 2010
22
20
—
—
42
2011 charges
—
continuing operations (3)
102
15
3
10
130
2011 charges
—
discontinued operations (3)
3
—
—
—
3
2011 cash payments/utilization
(58
)
(13
)
(3
)
(10
)
(84
)
2011 other adjustments & reclasses (4)
(31
)
—
—
—
(
31
)
Balance at December 31, 2011
38
22
—
—
60
2012 charges
—
continuing operations (5)
167
35
30
13
245
2012 charges
—
discontinued operations (5)
20
2
4
—
26
2012 cash payments/utilization
(86
)
(13
)
(34
)
(13
)
(146
)
2012 other adjustments & reclasses (6)
(101
)
(1
)
—
—
(
102
)
Balance at December 31, 2012 (7)
$
38
$
45
$
—
$
—
$
83
(1)
Severance reserve activity includes termination benefit charges of $49 million.
(2) 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.
(3) Severance reserve activity includes termination benefit charges of $101 million, and net curtailment and settlement losses related to these
actions of $4 million.
(4) Includes $32 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,
offset by $1 million of foreign currency translation adjustments.
(5) Severance reserve activity includes termination benefit charges of $186 million, and net curtailment and settlement losses related to these
actions of $1 million.
(6) Includes $100 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, and
$2 million for amounts reclassified as Liabilities subject to compromise.
(7)
Kodak expects to utilize the majority of the December 31, 2012 accrual balance in 2013.