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Note 19 - Segment Information
 6 Months Ended
Jun. 30, 2013
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]

NOTE 19:  SEGMENT INFORMATION


Current Segment Reporting Structure


Effective in the third quarter of 2012, Kodak had three reportable segments:  the Graphics, Entertainment and Commercial Films Segment, the Digital Printing and Enterprise Segment, and the Personalized and Document Imaging Segment.  Effective in the first quarter of 2013, the Intellectual Property and Brand Licensing strategic product group is reported in the Graphics, Entertainment and Commercial Films segment.  The Intellectual Property and Brand Licensing strategic product group was previously reported in the Personalized and Document Imaging segment.  Effective in the second quarter of 2013, due to the Personalized and Document Imaging Segment (excluding the Consumer Film business, for which Kodak will enter into an ongoing supply arrangement with the KPP) being reported as Discontinued operations, Kodak has two reportable segments:  the Graphics, Entertainment and Commercial Films Segment and the Digital Printing and Enterprise Segment.  The balance of Kodak’s continuing operations, which do not meet the criteria of a reportable segment, are reported in All Other.  Prior period segment results have been revised to conform to the current period segment reporting structure.  A description of the segments follows.


Graphics, Entertainment and Commercial Films: The Graphics, Entertainment and Commercial Films Segment encompasses Graphics, Entertainment Imaging & Commercial Films, and Kodak’s intellectual property and brand licensing activities.  Product and service offerings include; digital plates, CTP output devices, digital controllers, unified workflow solutions, and entertainment imaging and commercial films.  On February 1, 2013, Kodak sold certain digital imaging patents.


Digital Printing and Enterprise:  The Digital Printing and Enterprise Segment encompasses Digital Printing, including PROSPER equipment and STREAM technology, Packaging and Functional Printing, Enterprise Services & Solutions, and Consumer Inkjet Systems.  On September 28, 2012, Kodak announced a plan, starting in 2013, to focus its Consumer Inkjet business solely on the sale of ink to its installed printer base.


All Other:  All Other is composed of Kodak’s Consumer Film business continuing operations.


Change in Segment Measure of Profit and Loss


During the second quarter of 2013, Kodak changed its segment measure of profit and loss to exclude amortization of prior service credits related to the U.S. Postretirement Benefit Plan.  Prior to this change, Kodak excluded certain other components of pension and other postretirement benefit obligation (OPEB) costs from the segment measure of profitability.  As a result of this change, the operating segment results now exclude the interest cost, expected return on plan assets, amortization of actuarial gains and losses, amortization of prior service credits related to the U.S. Postretirement Benefit Plan, and special termination benefit, curtailment and settlement components of pension and OPEB expense.  The service cost component for all plans will continue to be reported as a part of operating segment results, as will the amortization of prior service cost component for all plans other than for the U.S. Postretirement Benefit Plan.


Prior period segment results have been revised to reflect this change.


Segment financial information is shown below:


   

Three Months Ended

June 30, 

   

Six Months Ended

June 30, 

 

(in millions)

 

2013

   

2012

   

2013

   

2012

 
                                 

Net sales from continuing operations:

                               
                                 

Graphics, Entertainment & Commercial Films

  $ 371     $ 446     $ 757     $ 826  

Digital Printing and Enterprise

    198       223       395       439  

All Other

    14       30       25       54  

Consolidated total

  $ 583     $ 699     $ 1,177     $ 1,319  

   

Three Months Ended

June 30, 

   

Six Months Ended

June 30, 

 

(in millions)

 

2013

   

2012

   

2013

   

2012

 
                                 

Segment (loss) earnings and Consolidated (loss) earnings from continuing operations before income taxes:

                               
                                 

Graphics, Entertainment and Commercial Films

  $ (5

)

  $ (26

)

  $ 10     $ (131

)

Digital Printing and Enterprise

    (13

)

    (61

)

    (30

)

    (163

)

All Other

    1       -       (1

)

    (1

)

Total of reportable segments

    (17

)

    (87

)

    (21

)

    (295

)

Restructuring costs and other

    (33

)

    (6

)

    (46

)

    (86

)

Corporate components of pension and OPEB income (expense) (1)

    14       (5

)

    26       (6

)

Other operating income (expenses), net

    1       (1

)

    495       1  

Legal contingencies, settlements and other

    -       (5

)

    -       (1

)

Loss on early extinguishment of debt, net

    -       -       (6

)

    (7

)

Interest expense

    (47

)

    (36

)

    (72

)

    (67

)

Other income (charges), net

    (3

)

    (6

)

    (10

)

    (3

)

Reorganization items, net

    (72

)

    (160

)

    (192

)

    (248

)

Consolidated (loss) earnings from continuing operations before income taxes

  $ (157

)

  $ (306

)

  $ 174     $ (712

)


 

(1)

Composed of interest cost, expected return on plan assets, amortization of actuarial gains and losses, amortization of prior service credits related to the U.S. Postretirement Benefit Plan and special termination benefits, curtailments and settlement components of pension andother postretirement benefit expenses, except for settlements in connection with the chapter 11 bankruptcy proceedings that are recorded in Reorganization items, net in the Consolidated Statement of Operations.


(in millions)

 

As of

June 30,

2013 

   

As of

December 31,

2012 

 
                 

Segment total assets:

               
                 

Graphics, Entertainment and Commercial Films

  $ 1,209     $ 1,216  

Digital Printing and Enterprise

    487       516  

All Other

    86       314  

Total of reportable segments

    1,782       2,046  

Cash and marketable securities

    1,018       1,139  

Deferred income tax assets

    488       545  

Assets held for sale

    527       556  

Consolidated total assets

  $ 3,815     $ 4,286