Kodak 2011 Annual Report Download - page 75

NOTE 8: OTHER CURRENT LIABILITIES
The Other component above consists of other miscellaneous current liabilities that, individually, were less than 5% of the Total current liabilities
component within the Consolidated Statement of Financial Position, and therefore, have been aggregated in accordance with Regulation S-X.
NOTE 9: SHORT-TERM BORROWINGS AND LONG-TERM DEBT
SHORT-TERM BORROWINGS AND CURRENT PORTION OF LONG-TERM DEBT
The Company’s current portion of long-term debt was $152 million and $50 million as of December 31, 2011 and 2010, respectively. There was $100
million outstanding under short-term bank borrowings as of December 31, 2011.
LONG-TERM DEBT, INCLUDING LINES OF CREDIT
Long-term debt and related maturities and interest rates were as follows:
As of December 31,
(in millions)
2011
2010
Accrued employment
-
related liabilities
$
359
$
420
Accrued customer rebates, advertising and promotional expenses
245
322
Deferred revenue
169
165
Accrued restructuring liabilities
60
42
Other
419
519
Total
$
1,252
$
1,468
As of December 31,
(in millions)
2011
2010
Weighted-
Average
Weighted-
Average
Effective
Interest
Amount
Effective
Interest
Amount
Country
Type
Maturity
Rate
Outstanding
Rate
Outstanding
U.S.
Term note
2011
-
2013
6.16
%
$
19
6.16
%
$
27
Germany
Term note
2011
-
2013
6.16
%
75
6.16
%
109
Brazil
Term note
2012
-
2013
19.80
%
5
-
-
U.S.
Term note
2013
7.25
%
250
7.25
%
300
U.S.
Revolver
2013
4.75
%
100
-
-
U.S.
Convertible
2017
12.75
%
315
12.75
%
305
U.S.
Secured term note
2018
10.11
%
491
10.11
%
491
U.S.
Term note
2018
9.95
%
3
9.95
%
3
U.S.
Secured term note
2019
10.87
%
247
-
-
U.S. Term note
2021
9.20
%
10
9.20
%
10
1,515
1,245
Current portion of long-term debt
(152
)
(50
)
Long-term debt, net of current portion
$
1,363
$
1,195
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