View Filing Data

Current liabilities held for sale

213

211

Total current liabilities

778

419

Long-term debt, net of current portion

399

Pension and other postretirement liabilities

379

462

Long-term liabilities held for sale

179

202

Total liabilities

1,341

1,486

Commitments and contingencies (Note 11)

Common stock, $0.01 par value

Additional paid in capital

617

631

Treasury stock, at cost

(9)

Accumulated other comprehensive loss

(200)

(174)

(411)

(391)

Total equity (deficit)

(3)

TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY (DEFICIT)

1,511

1,707

Convertible Series A Preferred Stock [Member]

LIABILITIES, REDEEMABLE, CONVERTIBLE PREFERRED STOCK AND EQUITY (DEFICIT)

Redeemable, convertible Series A preferred stock, no par value, $100 per share liquidation preference

$ 173

$ 164

[1]	Long-lived assets are comprised of property, plant and equipment, net.

Consolidated Statement of Financial Position (Parentheticals) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017
Allowance for trade receivables	$ 9	$ 9
Property, plant and equipment, accumulated depreciation	$ 422	$ 384
Common stock, par value	$ 0.01	$ 0.01
Convertible Series A Preferred Stock [Member]
Preferred stock, no par value	0	0
Preferred stock, liquidation preference per share	$ 100	$ 100

Consolidated Statement of Equity (Deficit) - USD ($)
$ in Millions

Total

Additional Paid-in Capital [Member]

Accumulated Deficit [Member]

AOCI Attributable to Parent [Member]

Treasury Stock [Member]

Series A Redeemable Convertible Preferred Stock [Member]

Equity (deficit) at Dec. 31, 2016

$ (73)

$ 641

$ (268)

$ (438)

$ (8)

Equity (deficit) at Dec. 31, 2016

$ 156

Currency translation adjustments

Pension and other postretirement liability adjustments

Series A preferred stock cash and accrued dividends

(11)

Series A preferred stock deemed dividends

(8)

Redeemable series A preferred stock deemed dividends

Stock-based compensation

Purchases of treasury stock

^[1]

(1)

Equity (deficit) at Dec. 31, 2017

631

(174)

(391)

(9)

Equity (deficit) at Dec. 31, 2017

164

Currency translation adjustments

(16)

(11)

Pension and other postretirement liability adjustments

(9)

Series A preferred stock cash and accrued dividends

(11)

Series A preferred stock deemed dividends

(9)

Redeemable series A preferred stock deemed dividends

Stock-based compensation

Equity (deficit) at Dec. 31, 2018

(3)

$ 617

(200)

$ (411)

$ (9)

Equity (deficit) at Dec. 31, 2018

$ 173

Adjustments due to ASU 2014-09

$ (10)

[1]	Represents purchases of common stock and/ or warrants to satisfy tax withholding obligations.

Consolidated Statement of Equity (Deficit) (Parentheticals)	12 Months Ended
	Dec. 31, 2017 $ / shares shares
Statement Of Stockholders Equity [Abstract]
Purchases of treasury stock, in shares	98,056
Preferred stock, Shares Authorized	60,000,000
Preferred stock, No Par Value \| $ / shares	$ 0
Preferred stock, shares issued	2,000,000

Consolidated Statement of Cash Flow - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Cash flows from operating activities:

Adjustments to reconcile to net cash used in operating activities:

$ (16)

$ 94

Depreciation and amortization

Pension and other postretirement income

(106)

(119)

Change in fair value of embedded conversion features derivative liability

^[1]

(47)

Non-cash restructuring costs, asset impairments and other charges

Prosper asset remeasurement

^[2]

Stock based compensation

Non-cash changes in workers' compensation and legal reserves

(11)

Net gains on sales of businesses/assets

(13)

(8)

Provision (benefit) from deferred income taxes

(129)

Decrease in trade receivables

Increase in inventories

(9)

(4)

Decrease in trade accounts payable

(31)

(14)

Decrease in liabilities excluding borrowings

(31)

(37)

Other items, net

(4)

Total adjustments

(46)

(161)

Net cash used in operating activities

(62)

(67)

Cash flows from investing activities:

Additions to properties

(33)

(38)

Net proceeds from sales of businesses/assets, net

Proceeds from sales of marketable securities

Net cash used in investing activities

(22)

(24)

Cash flows from financing activities:

Repayment of emergence credit facilities

(7)

Preferred stock dividend payments

(8)

(10)

Payment of contingent consideration related to the sale of a business

(7)

Capital lease payments

(3)

(4)

Treasury stock purchases

(1)

Net cash used in financing activities

(11)

(29)

Effect of exchange rate changes on cash, cash equivalents and restricted cash

(7)

Net decrease in cash and cash equivalents and restricted cash

(102)

(109)

Cash and cash equivalents and restricted cash, beginning of period

369

478

Cash and cash equivalents and restricted cash, end of period

267

369

Cash paid for interest and income taxes was:

Interest, net of portion capitalized of $1 as of both December 31, 2018 and 2017.

Income taxes (net of refunds)

$ (9)

$ 18

[1]	Refer to Note 13, “Financial Instruments”.
[2]	In the first quarter of 2017, Kodak reduced the carrying value of Prosper fixed assets ($8 million) and intangible assets ($4 million) to the amount that would have been recorded if the Prosper assets, which were previously presented as held for sale, had been continuously classified as held and used.

Consolidated Statement of Cash Flow (Parentheticals) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Statement Of Cash Flows [Abstract]
Capitalized Interest	$ 1	$ 1

Note 1 - Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2018

Accounting Policies [Abstract]

Summary of Significant Accounting Policies [Text Block]

NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

ACCOUNTING PRINCIPLES

The consolidated financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The following is a description of the significant accounting policies of Kodak.

BASIS OF CONSOLIDATION

The consolidated financial statements include the accounts of EKC and all companies directly or indirectly controlled by EKC, either through majority ownership or otherwise. Kodak consolidates variable interest entities if Kodak has a controlling financial interest and is determined to be the primary beneficiary of the entity.

GOING CONCERN

The consolidated financial statements have been prepared on the going concern basis of accounting, which assumes Kodak will continue to operate as a going concern and which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business.

The Company has $395 million of outstanding indebtedness under the Term Credit Agreement. The loans made under the Term Credit Agreement become due on the earlier to occur of (i) the maturity date of September 3, 2019 or (ii) the acceleration of such loans following the occurrence of an event of default (as defined in the Term Credit Agreement). The Company also has issued approximately $85 million and $96 million of letters of credit under the ABL Credit Agreement as of December 31, 2018 and 2017, respectively. Should the Company not repay, refinance or extend the maturity of the loans under the existing Term Credit Agreement prior to June 5, 2019, the termination date will occur under the ABL Credit Agreement on such date unless the ABL Credit Agreement has been amended in the interim. Upon the occurrence of the termination date under the ABL Credit Agreement, the obligations thereunder will become due and the Company will need to provide alternate collateral in place of the letters of credit issued under the ABL Credit Agreement.

As of December 31, 2018 and 2017, Kodak had approximately $246 million and $343 million, respectively, of cash and cash equivalents. $117 million and $172 million was held in the U.S. as of December 31, 2018 and 2017, respectively, and $129 million and $171 million were held outside the U.S. Cash balances held outside the U.S. are generally required to support local country operations and may have high tax costs or other limitations that delay the ability to repatriate, and therefore may not be readily available for transfer to other jurisdictions. Outstanding inter-company loans to the U.S. as of December 31, 2018 and 2017 were $390 million and $358 million, respectively, which includes short-term intercompany loans from Kodak’s international finance center of $92 million and $59 million as of December 31, 2018 and 2017, respectively. In China, where approximately $72 million and $108 million of cash and cash equivalents was held as of December 31, 2018 and 2017, respectively, there are limitations related to net asset balances that may impact the ability to make cash available to other jurisdictions in the world. Kodak had a net decrease in cash, cash equivalents, and restricted cash of $102 million and $109 million for the years ended December 31, 2018, and 2017, respectively.

U.S. GAAP requires an evaluation of whether there are conditions or events, considered in the aggregate, that raise substantial doubt about an entity’s ability to continue as a going concern within one year after the date the financial statements are issued. Initially, this evaluation does not consider the potential mitigating effect of management’s plans that have not been fully implemented. When substantial doubt exists, management evaluates the mitigating effect of its plans if it is probable that (1) the plans will be effectively implemented within one year after the date the financial statements are issued, and (2) when implemented, the plans will mitigate the relevant conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date the financial statements are issued or prior to the conditions or events that create the going concern risk.

As of the date of issuance of these financial statements, Kodak has debt coming due within twelve months and does not have committed financing or available liquidity to meet such debt obligations if they were to become due in accordance with their current terms.

Reporting requirements under the Term Credit Agreement require the Company to provide annual audited financial statements accompanied by an opinion of an independent public accountant without a “going concern” or like qualification or exception and without any qualification or exception as to the scope of such audit or other material qualification or exception, except for any such qualification or exception with respect to any indebtedness maturing within 364 days after the date of such financial statements. Lenders may take the position that the going concern explanatory paragraph contained in the audit report on the Company’s financial statements as of and for the year ended December 31, 2018 does not satisfy the requirements under the Term Credit Agreement. Under the Term Credit Agreement, if notice of a failure to comply with the reporting covenant is given to the Company by the lenders, an event of default would occur thereunder if such failure is not cured within thirty days after such notice is given, unless such event of default is waived by the requisite lenders. In the event of default, the debt could become immediately due.

The Company’s ABL Credit Agreement contains an opinion delivery requirement that corresponds to the requirement under the Term Credit Agreement, although under the ABL Credit Agreement there is an additional requirement that the opinion be reasonably acceptable to the agent under the ABL Credit Agreement. On March 31, 2019 the Company obtained a waiver from the agent and lenders under the ABL Credit Agreement with respect to any event of default under the reporting covenant that may be deemed to occur in relation to the going concern explanatory paragraph in the audit report. Such waiver does not waive any cross-default that may occur in the event of the occurrence of an event of default under the Term Credit Agreement as described above.

Kodak entered into an agreement to sell its Flexographic Packaging Division (“FPD”) on November 11, 2018. The Company expects to close the sale of FPD as early as April 8, 2019 and intends to use the proceeds of such sale to reduce the loans outstanding under the Term Credit Agreement. The Company has also been engaged in negotiations to refinance the portion of the Term Credit Agreement that will not be paid from proceeds from the sale of FPD. The Company intends to amend and restate or refinance the Term Credit Agreement prior to the maturity of the Term Credit Agreement or ABL Credit Agreement and prior to the date on which any event of default would occur under the Term Credit Agreement.

Additionally, Kodak is facing liquidity challenges due to operating losses and negative cash flow. Based on forecasted cash flows, there are uncertainties regarding Kodak’s ability to meet commitments in the U.S. as they come due. Kodak’s plans to improve cash flow include reducing interest expense by decreasing the debt balance using proceeds from asset sales, including the sale of the Flexographic Packaging segment; further restructuring Kodak’s cost structure; and paring investment in new technology by eliminating, slowing, and partnering with investors in product development programs.

The sale of the Flexographic Packaging segment and/or refinancing of the loans under the Term Credit Agreement are not solely within Kodak’s control. Executing agreements for the sale or a refinancing of the loans under the Term Credit Agreement and the timing for a closing of the sale or a refinancing of the loans under the Term Credit Agreement are dependent upon several external factors outside Kodak’s control, including but not limited to, the ability of the Company to reach acceptable agreements with different counterparties and the time required to meet conditions to closing under a sale agreement or credit facility.

Kodak makes no assurances regarding the likelihood, certainty or timing of consummating any asset sales, including of the Flexographic Packaging segment, refinancing of the Company’s existing debt, or regarding the sufficiency of any such actions to meet Kodak’s debt obligations, including compliance with debt covenants, or other commitments in the U.S. as they come due.

These conditions raise substantial doubt about Kodak’s ability to continue as a going concern.

For more information regarding the Term Credit Agreement, the ABL Credit Agreement and debt covenants see Note 9, “Debt and Capital Leases”.

RECLASSIFICATIONS

Certain amounts for prior periods have been reclassified to conform to the current period classification due to adoption of Accounting Standards Update (“ASU”) ASU 2017-07, Compensation – Retirements Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and New Periodic Postretirement Benefit Cost and a change in segment measure to exclude amortization of prior service costs and credits. Refer to Note 1, Summary of Significant Accounting Policies – Recently Adopted Accounting Standards and Note 26, “Segment Information” for additional information.

USE OF ESTIMATES

The preparation of financial statements in conformity with U.S. GAAP accounting requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of commitments and contingencies at year end, and the reported amounts of revenues and expenses during the reporting periods presented. Actual results could differ from these estimates.

FOREIGN CURRENCY

For most subsidiaries and branches outside the U.S., the local currency is the functional currency. The financial statements of these subsidiaries and branches are translated into U.S. dollars as follows: assets and liabilities at year-end exchange rates; revenue, expenses and cash flows at average exchange rates; and shareholders’ equity at historical exchange rates. For those subsidiaries for which the local currency is the functional currency, the resulting translation adjustment is recorded as a component of Accumulated other comprehensive loss in the accompanying Consolidated Statement of Financial Position.

For certain other subsidiaries and branches outside the U.S., operations are conducted primarily in U.S. dollars, which is therefore the functional currency. Monetary assets and liabilities of these foreign subsidiaries and branches, which are recorded in local currency, are remeasured at year-end exchange rates, while the related revenue, expense, and gain and loss accounts, which are recorded in local currency, are remeasured at average exchange rates. Non-monetary assets and liabilities, and the related revenue, expense, and gain and loss accounts, are remeasured at historical exchange rates. Adjustments that result from the remeasurement of the assets and liabilities of these subsidiaries are included in Other (income) charges, net in the accompanying Consolidated Statement of Operations.

The effects of foreign currency transactions, including related hedging activities, are included in Other (income) charges, net, in the accompanying Consolidated Statement of Operations.

CONCENTRATION OF CREDIT RISK

Financial instruments that potentially subject Kodak to significant concentrations of credit risk consist principally of cash and cash equivalents, receivables, restricted cash and derivative instruments. Kodak places its cash, cash equivalents and restricted cash with high-quality financial institutions and limits the amount of credit exposure to any one institution. With respect to receivables, such receivables arise from sales to numerous customers in a variety of industries, markets, and geographies around the world. Receivables arising from these sales are generally not collateralized. Kodak performs ongoing credit evaluations of its customers’ financial conditions and maintains reserves for potential credit losses and such losses, in the aggregate, have not exceeded management’s expectations. Counterparties to the derivative instrument contracts are major financial institutions. Kodak has not experienced non-performance by any of its derivative instrument counterparties.

CASH EQUIVALENTS

All highly liquid investments with a remaining maturity of three months or less at date of purchase are considered to be cash equivalents.

INVENTORIES

Inventories are stated at the lower of cost or market. The cost of all of Kodak’s inventories is determined by the average cost method, which approximates current cost. Kodak provides inventory reserves for excess, obsolete or slow-moving inventory based on changes in customer demand, technology developments or other economic factors.

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment are recorded at cost, net of accumulated depreciation. Kodak capitalizes additions and improvements while maintenance and repairs are charged to expense as incurred. Upon sale or other disposition, the applicable amounts of asset cost and accumulated depreciation are removed from the accounts and the net amount, less proceeds from disposal, is charged or credited to net (loss) earnings.

Kodak calculates depreciation expense using the straight-line method over the assets’ estimated useful lives, which are as follows:

		Estimated Useful Lives
Buildings and building improvements		5-40
Land improvements		4-20
Leasehold improvements		3-20
Equipment		3-20
Tooling		1-3
Furniture and fixtures		5-10

Kodak depreciates leasehold improvements over the shorter of the lease term or the asset’s estimated useful life.

Equipment subject to operating leases is included in Property, plant and equipment, net in the Consolidated Statement of Financial Position. Equipment subject to operating leases consists of equipment rented to customers and is depreciated to estimated salvage value over its expected useful life. Equipment operating lease terms and depreciable lives generally vary from 3 to 7 years.

GOODWILL

Goodwill is not amortized but is required to be assessed for impairment at least annually and whenever events or changes in circumstances occur that would more likely than not reduce the fair value of the reporting unit below its carrying amount.

When testing goodwill for impairment, Kodak may assess qualitative factors for some or all of its reporting units to determine whether it is more likely than not (that is, a likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying amount, including goodwill. If Kodak determines based on this qualitative test of impairment that it is more likely than not that a reporting unit’s fair value is less than its carrying amount or elects to bypass the qualitative assessment for some or all of its reporting units, then a quantitative goodwill impairment test is performed to test for a potential impairment of goodwill. The amount of goodwill impairment, if any, is calculated as the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. Determining the fair value of a reporting unit involves the use of significant estimates and assumptions. Refer to Note 5, “Goodwill and Other Intangible Assets”.

WORKERS’ COMPENSATION

Kodak self-insures and participates in high-deductible insurance programs with retention and per occurrence deductible levels for claims related to workers’ compensation. The estimated liability for workers’ compensation is based on actuarially estimated, discounted cost of claims, including claims incurred but not reported. Historical loss development factors are utilized to project the future development of incurred losses, and the amounts are adjusted based on actual claim experience, settlements, claim development trends, changes in state regulations and judicial interpretations. Refer to Note 7, “Other Current Liabilities” and Note 8, “Other Long-Term Liabilities” for the estimated liabilities. Amounts recoverable from insurance companies or third parties are estimated using historical experience and estimates of future recoveries. Estimated recoveries are not offset against the related accrual. The amount recorded for the estimated recoveries at December 31, 2018 and 2017 was $20 million and $25 million, respectively, of which $17 million and $22 million, respectively, is reported in Other long-term assets in the Consolidated Statement of Financial Position. The remaining $3 million at each year end is reported in Other current assets in the Consolidated Statement of Financial Position.

REVENUE

Kodak’s revenue transactions include sales of products (such as components and consumables for use in Kodak and other manufacturers’ equipment and film-based products): equipment, software, services, integrated solutions, intellectual property and brand licensing; and real estate management activities. Revenue from services includes extended warranty, customer support and maintenance agreements, consulting, business process services, training and education.

Revenue is recognized when control of the promised goods or services is transferred to customers in an amount that reflects the consideration Kodak expects to be entitled to in exchange for those goods or services.

For product sales (such as plates, film, inks, chemicals and other consumables) revenue is recognized when control has transferred from Kodak to the buyer, which may be upon shipment or upon delivery to the customer site, based on contract terms or legal requirements in certain jurisdictions. Service revenue is recognized using the time-based method ratably over the contractual period as it best depicts when the customer receives the benefit from the service. Service revenue for time and materials-based agreements is recognized as services is performed.

Equipment is generally dependent on, and interrelated with, the underlying operating system (firm ware) and cannot function without the operating system. In these cases, the hardware and software license are accounted for as a single performance obligation. Contracts with customers may include multiple performance obligations including equipment, and optional software licenses and service agreements. Service agreements may be prepaid or paid over-time and range from three months to six years. For such arrangements, revenue is allocated to each performance obligation based on its relative standalone selling price. Standalone selling prices are based on the prices charged to customers or using expected cost-plus margin.

For non-complex equipment installations and software sales (Prepress and Prosper Components and Unified Workflow Solutions businesses) revenue is recognized when control of each distinct performance obligation has transferred from Kodak to the buyer, which is generally met when the equipment or software is delivered and installed at the customer site as delivery and installation generally occur within the same period. For complex equipment installations or integrated software solutions (Prosper Presses, Electrophotographic Printing Solutions Printers, Unified Workflow Solutions) revenue is deferred until receipt of customer acceptance and control has transferred to the buyer.

Software licenses are sold both in bundled equipment arrangements as discussed above or on a stand-alone basis (Unified Workflow Solutions business). Software licenses are generally perpetual and are usually sold with post-contract support services (“PCS”) which are considered distinct performance obligations as the customer’s use of the existing software is not dependent upon future upgrades. Kodak recognizes software revenue at the time that the customer obtains control over the software which generally occurs upon installation while revenue allocated to the PCS is recognized over the service period.

In service arrangements such as consulting or business process services (Kodak Technology Solutions business) where final acceptance by the customer is required, revenue is deferred until all acceptance criteria have been met and Kodak has a legal right to payment.

Kodak’s licensing revenue is comprised of software licenses as discussed above, licenses to use functional intellectual property (patents and technical know-how) and licenses to use symbolic intellectual property (brand names and trademarks) (Consumer and Film businesses). The timing and the amount of revenue recognized from the licensing of intellectual property depends upon a variety of factors, including the nature of the performance obligations (functional vs. symbolic licenses) specific terms of each agreement, and the payment terms. Aside from software licenses discussed above, Kodak’s functional licenses generally provide the right to use functional intellectual property; therefore, non-sales/usage-based revenue is recognized when the customer has the right to use the intellectual property while sales and usage-based royalties are recognized in the period the related sales and usage occurs. Revenue for symbolic licenses such as brand licenses are recognized over time.

Real estate management revenue consists primarily of tenant lease income, common area maintenance charges and utilities. Usage based revenue is recognized as earned while tenant lease income is recognized on a straight-line basis over the lease term.

Deferred revenue is recorded when cash payments are received in advance of satisfying performance obligations such as deposits required in advance on equipment orders, prepaid service contracts, prepaid tenant lease income or prepaid royalties on intellectual property arrangements. Interest expense is imputed for payments received greater than one year in advance of performance.

Payment terms and conditions vary by contract type, although terms generally include a requirement of payment within 30 to 60 days. Kodak applies the practical expedient with respect to implied financial components and only imputes interest for payment terms greater than one year.

Sales and usage-based taxes are excluded from revenues. Certain customers may receive cash-based incentives or credits, which are accounted for as variable consideration. Kodak estimates these amounts based on the expected amount to be provided to customers.

Kodak expenses sales commissions when incurred if the amortization period would be one year or less. These costs are recorded in Selling, general and administrative expenses. Kodak accrues the estimated cost of post-sale obligations, including basic product warranties, at the time of revenue recognition. Shipping and handling costs are accounted for as fulfillment costs and are included in cost of sales.

Kodak does not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less or for which revenue is recognized at the amount to which Kodak has the right to invoice for services performed. Performance obligations with an original expected length of greater than one year generally consist of deferred service contracts, operating leases and licensing arrangements. As of December 31, 2018, there was approximately $70 million of unrecognized revenue from unsatisfied performance obligations. Approximately 35% of the revenue from unsatisfied performance obligations is expected to be recognized in 2019, 30% in 2020, 15% in 2021 and 20% thereafter.

RESEARCH AND DEVELOPMENT COSTS

R&D costs, which include costs incurred in connection with new product development, fundamental and exploratory research, process improvement, product use technology and product accreditation, are expensed in the period in which they are incurred.

ADVERTISING

Advertising costs are expensed as incurred and are included in Selling, general and administrative expenses in the accompanying Consolidated Statement of Operations. Advertising expenses amounted to $4 million and $6 million for the years ended December 31, 2018 and 2017, respectively.

SHIPPING AND HANDLING COSTS

Amounts charged to customers and costs incurred by Kodak related to shipping and handling are included in net sales and cost of sales, respectively.

IMPAIRMENT OF LONG-LIVED ASSETS

The carrying values of long-lived assets, other than goodwill and intangible assets with indefinite useful lives, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying values may not be recoverable.

The recoverability of the carrying values of long-lived assets is assessed by first grouping long-lived assets with other assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities (the asset group) and, secondly, by estimating the undiscounted future cash flows that are directly associated with and that are expected to arise from the use of and eventual disposition of such asset group. Kodak estimates the undiscounted cash flows over the remaining useful life of the primary asset within the asset group. If the carrying value of the asset group exceeds the estimated undiscounted cash flows, Kodak records an impairment charge to the extent the carrying value of the long-lived asset exceeds its fair value. Kodak determines fair value through quoted market prices in active markets or, if quoted market prices are unavailable, through the performance of internal analyses of discounted cash flows.

The remaining useful lives of long-lived assets are reviewed in connection with the assessment of recoverability of long-lived assets and the ongoing strategic review of the business and operations. If the review indicates that the remaining useful life of the long-lived asset has changed significantly, the depreciation on that asset is adjusted to facilitate full cost recovery over its revised estimated remaining useful life.

The carrying values of indefinite-lived intangible assets are evaluated for potential impairment annually or whenever events or changes in circumstances indicate that it is more likely than not that the asset is impaired. Refer to Note 5, “Goodwill and Other Intangible Assets.”

INCOME TAXES

Kodak recognizes deferred tax liabilities and assets for the expected future tax consequences of operating losses, credit carry-forwards and temporary differences between the carrying amounts and tax basis of Kodak’s assets and liabilities. Kodak records a valuation allowance to reduce its net deferred tax assets to the amount that is more likely than not to be realized. For discussion of the amounts and components of the valuation allowances as of December 31, 2018 and 2017, refer to Note 17, “Income Taxes.”

The undistributed earnings of Kodak’s foreign subsidiaries are not considered permanently reinvested. Kodak has recognized a deferred tax liability (net of related foreign tax credits) on the foreign subsidiaries’ undistributed earnings.

RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS

In February 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) ASU 2018-05, “Income Taxes (Topic 740): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118” (“ASU 2018-05”), which updates the income tax accounting in U.S. generally accepted accounting principles (GAAP) to reflect the SEC interpretive guidance released on December 22, 2017, when the 2017 Act was signed into law. Additional information regarding the adoption of this standard is contained in Note 17, Income Taxes.

In March 2017, the FASB issued ASU 2017-07, Compensation—Retirements Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. ASU 2017-07 requires entities to report the service cost component of net periodic pension and postretirement benefit cost in the same line item(s) as other compensation costs arising from services rendered during the period and to report all other components of net benefit costs outside a subtotal of income from operations. In addition, the ASU allows only the service cost component to be eligible for capitalization when applicable. Kodak adopted ASU 2017-07 effective January 1, 2018, retrospectively for the presentation of the service cost and other cost components and prospectively for the application of the capitalization eligibility. The components of net benefit cost are shown in Note 19, “Retirement Plans” and Note 20, “Other Postretirement Benefits”. The guidance impacted presentation in Kodak’s consolidated financial statements and the capitalization of costs to inventory. The presentation of the service cost component was consistent with the requirements of the new standard. The other components (which were presented within Cost of revenues, Selling and general administrative expenses and Research and development costs) are being presented separately on the face of the Consolidated Statement of Operations. The segment measure of profit and loss previously included only the service cost and amortization of prior service credits components of net periodic pension and postretirement benefit costs (refer to Note 26, “Segment Information”). Effective January 1, 2018, the segment measure of profit and loss only includes the service cost component of net periodic pension and postretirement benefit costs and prior periods have been reclassified to conform to this presentation.

In February 2017, the FASB issued ASU 2017-05, Other Income—Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets. ASU 2017-05 defines in-substance nonfinancial assets, provides guidance with respect to accounting for partial sales of nonfinancial assets and conforms the derecognition guidance on nonfinancial assets with the model for transactions in the new revenue standard (Topic 606 as described below). Kodak adopted ASU 2017-05 effective January 1, 2018 using the modified retrospective adoption approach. The application of this standard did not have a material impact on Kodak’s consolidated financial statements.

In January 2016, the FASB issued ASU 2016-01, Financial Instruments—Overall (Topic 825): Recognition and Measurement of Financial Assets and Financial Liabilities. ASU 2016-01 primarily affects the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. Under the ASU all equity investments in unconsolidated entities (other than those accounted for using the equity method of accounting) will generally be measured at fair value through earnings. In addition, the FASB clarified guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. Kodak adopted ASU 2016-01 effective January 1, 2018. The adoption of this guidance did not have a material impact on Kodak’s consolidated financial statements.

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” ASU 2014-09 supersedes the revenue recognition requirements in Topic 605, “Revenue Recognition” and most industry-specific guidance. The core principle of ASU 2014-09 is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. Kodak adopted the provisions of the new standard effective January 1, 2018 using the modified retrospective method which allows companies to record a one-time adjustment to opening retained earnings for the cumulative effect of the standard on open contracts at the time of adoption. Kodak derives revenue from various brand licensing arrangements, which may include upfront payments and/or sales-based royalties subject to minimum annual guaranteed amounts. Kodak recorded a cumulative effect adjustment of approximately $10 million as a decrease to the opening balance of retained earnings related to these arrangements. With the exception of brand license revenue, Kodak did not identify any changes in the timing of revenue recognition that resulted in a material transition adjustment.

The cumulative effect of the changes made to the Consolidated Statement of Financial Position for January 1, 2018 for the adoption of ASU 2014-09 were as follows. The net reduction in opening retained earnings primarily reflected the impact related to brand licensing revenues.

(in millions)	Balance at December 31, 2017			Adjustments Due to ASU 2014-09			Balance at January 1, 2018
Liabilities
Other current liabilities	$	211		$	2		$	213
Other long-term liabilities		202			8			210

Deficit
Accumulated Deficit		(174	)		(10	)		(184	)

The impact of the adoption on the Consolidated Statement of Operations and Consolidated Statement of Financial Position are presented in the tables below. For the year ended December 31, 2018, Kodak recognized $3 million of the $10 million cumulative effect adjustment recorded under ASC 606, however, this revenue was offset by $3 million of revenue under new brand licensing arrangements that was deferred under ASC 606 but would have been recognized in 2018 under ASC 605.

	Year Ended December 31, 2018
(in millions)	As Reported			Amounts without Adoption of ASU 2014-09			Effect of Change Higher (Lower)
Revenues
Sales	$	1,044		$	1,044		$	—
Services	$	281			281			—
Total revenues		1,325			1,325			—

Net loss	$	(16	)	$	(16	)	$	—

	December 31, 2018
(in millions)	As Reported			Balances without Adoption of ASU 2014-09			Effect of Change Higher (Lower)
Liabilities
Other current liabilities	$	213		$	209		$	4
Other long-term liabilities		179			173			6

Deficit
Accumulated Deficit		(200	)		(190	)		(10	)

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

In September 2018, the FASB issued ASU 2018-14, Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans, which amends the disclosure requirements in ASC 715-20 by adding, clarifying, or removing certain disclosures. ASU 2018-14 requires all entities to disclose (1) the weighted average interest crediting rates for cash balance plans and other plans with promised interest crediting rates, and (2) an explanation of the reasons for significant gains and losses related to changes in the benefit obligation for the period. The ASU also clarifies certain disclosure requirements for entities with two or more defined benefit pension plans when aggregate disclosures are presented. The ASU removes other disclosures from the existing guidance, such as the requirement to disclose the effects of a one-percentage-point change in the assumed health care cost trend rates. The ASU is effective retrospectively for fiscal years ending after December 15, 2020 (December 31, 2020 for Kodak). Early adoption is permitted. The standard addresses disclosures only and will not have an impact on Kodak’s consolidated financial statements. Kodak will retrospectively adopt the ASU December 31, 2020.

In September 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement, which amends the disclosure requirements in ASC 820 by adding, changing, or removing certain disclosures. The ASU applies to disclosures about recurring or nonrecurring fair value measurements. The additional and/or modified disclosures relate primarily to Level 3 fair value measurements while removing certain disclosures related to transfers between Level 1 and Level 2 of the fair value hierarchy. The ASU is effective retrospectively, for fiscal years beginning after December 15, 2019 (January 1, 2020 for Kodak) and interim periods within those fiscal years. Entities are permitted to early adopt any removed or modified disclosures but can delay adoption of the new disclosures until their effective date. Kodak retrospectively early adopted the provisions of the ASU that removed or modified disclosures in the fourth quarter of 2018 and expects to prospectively adopt the provisions related to new disclosures January 1, 2020. The standard addresses disclosures only and will not have an impact on Kodak’s consolidated financial statements.

In August 2018, the FASB issued ASU 2018-15, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract, which addresses how a customer should account for the costs of implementing a cloud computing service arrangement (also referred to as a “hosting arrangement”). Under ASU 2018-15, entities should account for costs associated with implementing a cloud computing arrangement that is considered a service contract in the same way as implementation costs associated with a software license; implementation costs incurred in the application development stage, such as costs for the cloud computing arrangement’s integration with on-premise software, coding, and configuration or customization, should be capitalized and amortized over the term of the cloud computing arrangement, including periods covered by certain renewal options. The ASU is effective in fiscal years beginning after December 15, 2019 (January 1, 2020 for Kodak) including interim periods within those fiscal years. Early adoption is permitted. The ASU should be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. Kodak is currently evaluating the impact and will adopt the ASU prospectively January 1, 2020.

In February 2018, the FASB issued ASU 2018-02, “Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income”. The ASU addresses certain stranded income tax effects in accumulated other comprehensive income (AOCI) resulting from the Tax Cuts and Jobs Act (the “2017 Tax Act”). The ASU provides an option to reclassify stranded tax effects within AOCI to retained earnings in each period in which the effect of the change in the U.S. federal corporate income tax rate in the 2017 Tax Act (or portion thereof) is recorded and requires additional disclosures. The ASU is effective for fiscal years beginning after December 15, 2018 (January 1, 2019 for Kodak) and interim periods within those fiscal years. Early adoption is permitted and may be applied either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the 2017 Tax Act is recognized. Kodak plans to adopt the new standard on the effective date. The adoption of this ASU will not have an impact on the Consolidated Financial Statements as a result of Kodak’s U.S. valuation allowance.

In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU 2016-13 (including amendments in ASU 2018-19) requires a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. In addition, the ASU requires credit losses relating to available-for-sale debt securities to be recorded through an allowance for credit losses. The amendments in this ASU broaden the information that an entity must consider in developing its expected credit loss estimate for assets measured either collectively or individually. The new standard is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2019 (January 1, 2020 for Kodak). Early adoption is permitted. Kodak plans to adopt the new standard on the effective date and is currently evaluating the impact of this ASU.

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). Topic 842 (as amended by ASU’s 2018-01, 10, 11 and 20) requires lessees to recognize most leases on their balance sheets as lease liabilities with corresponding right-of-use assets and eliminates certain real estate-specific provisions. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases and operating leases. The new leasing standard is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2018 (January 1, 2019 for Kodak). Early adoption is permitted. The original guidance required application on a modified retrospective basis to the earliest period presented. ASU 2018-11, Targeted improvements to ASC 842, includes an option to not restate comparative periods in transition and elect to use the effective date of ASC 842 as the date of initial application of transition. Kodak adopted the new standard on the effective date applying the new transition method allowed under ASU 2018-11 and continues to evaluate the impact of adoption on its financial statements. Kodak is continuing to accumulate all the necessary information required to properly account for the leases under the new standard. Kodak anticipates that the adoption of the amended lease guidance will materially increase the assets and liabilities recorded in its Consolidated Statement of Financial Position due to the recognition of right-of-use assets and liabilities. Kodak will also recognize a cumulative-effect adjustment to increase retained earnings of approximately $5 million due to the derecognition of assets and deferred gain on previous sale-leaseback transactions. In addition, certain changes to Kodak’s systems and processes may be made related to the new lease accounting requirements.

Note 2 - Cash, Cash Equivalents and Restricted Cash

12 Months Ended

Dec. 31, 2018

Cash And Cash Equivalents [Abstract]

Cash, Cash Equivalents and Restricted Cash [Text Block]

NOTE 2: CASH, CASH EQUIVALENTS AND RESTRICTED CASH

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Statement of Financial Position that sums to the total of such amounts shown in the Statement of Cash Flows:

	As of December 31,
(in millions)	2018		2017
Cash and cash equivalents	$	246	$	343
Restricted cash included in Other current assets		8		8
Long-term restricted cash		11		17
Cash included in assets held for sale		2		1
Total cash, cash equivalents and restricted cash shown in the Statement of Cash Flows	$	267	$	369

Restricted cash included in Other current assets on the Statement of Financial Position primarily represents amounts which support hedging activities.

Long-term restricted cash as of December 31, 2018 and 2017 includes $5 million and $6 million, respectively, of security posted related to Brazilian legal contingencies. Long-term restricted cash as of December 31, 2018 and 2017 also included $3 million and $6 million, respectively, supporting compliance with the Excess Availability threshold under the ABL Credit Agreement.

Note 3 - Inventories, Net

12 Months Ended

Dec. 31, 2018

Inventory Disclosure [Text Block]

NOTE 3: INVENTORIES, NET

	As of December 31,
(in millions)	2018		2017
Finished goods	$	119	$	132
Work in process		55		55
Raw materials		62		59
Total	$	236	$	246

Note 4 - Property, Plant and Equipment, Net and Equipment Subject to Operating Leases, Net

12 Months Ended

Dec. 31, 2018

Property Plant And Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 4: PROPERTY, PLANT AND EQUIPMENT, NET AND EQUIPMENT SUBJECT TO OPERATING LEASES, NET

	As of December 31,
(in millions)	2018			2017
Land	$	70		$	79
Buildings and building improvements		171			168
Machinery and equipment		417			414
Construction in progress		10			17
		668			678
Accumulated depreciation		(422	)		(384	)
Property, plant and equipment, net	$	246		$	294

Depreciation expense was $59 million and $60 million for the years ended December 31, 2018 and 2017, respectively.

During the first quarter of 2017, Kodak recorded a pre-tax charge of $8 million to adjust the Prosper fixed asset carrying value to the amount that would have been recorded had the Prosper fixed assets been continuously classified as held and used. Refer to Note 15, “Other Operating Expense (Income), net”.

Equipment subject to operating leases and the related accumulated depreciation were as follows:

	As of December 31,
(in millions)	2018			2017
Equipment subject to operating leases	$	34		$	40
Accumulated depreciation		(19	)		(18	)
Equipment subject to operating leases, net	$	15		$	22

Minimum future rental revenues on operating leases with original terms of one year or longer are not significant to Kodak.

Note 5 - Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2018

Goodwill and Other Intangible Assets Disclosure [Text Block]

NOTE 5: GOODWILL AND OTHER INTANGIBLE ASSETS

The following table presents the changes in the carrying value of goodwill by reportable segment. The Enterprise Inkjet Systems, Advanced Materials and 3D Printing Technology, and Eastman Business Park segments do not have goodwill and are therefore not presented.

(in millions)	Print Systems			Software and Solutions		Consumer and Film		Consolidated Total
Balance as of December 31, 2016	$	56		$	6	$	6	$	68
Impairment		(56	)		—		—		(56	)
Balance as of December 31, 2017		—			6		6		12
Impairment		—			—		—		—
Balance as of December 31, 2018	$	—		$	6	$	6	$	12

Gross goodwill and accumulated impairment losses were $76 million and $64 million as of December 31, 2018 and 2017, respectively.

The Print Systems segment has two goodwill reporting units: Prepress Solutions and Electrophotographic Printing Solutions. The Software and Solutions segment has two goodwill reporting units: Kodak Technology Solutions and Unified Workflow Solutions. The Consumer and Film segment has two goodwill reporting units: Consumer Products and Motion Picture, Industrial Chemicals and Films. The Enterprise Inkjet Systems segment, Advanced Materials and 3D Printing segment and the Eastman Business Park segment each have one goodwill reporting unit.

Based upon the results of Kodak’s December 31, 2018 annual impairment test, no impairment of goodwill is indicated.

Given the decline in Kodak’s financial projections in 2017 and in its market capitalization from the 2016 goodwill impairment test, Kodak performed an interim goodwill impairment test as of September 30, 2017. Kodak utilized the discounted cash flow method and guideline public company method for the reporting units with goodwill. For these reporting units, Kodak selected equal weighting of the guideline public company method and the discounted cash flow method as the valuation approaches produced comparable ranges of fair value. Fair values for the other reporting units were estimated using the discounted cash flow method only.

Based upon the results of Kodak’s September 30, 2017 analysis, Kodak concluded that the Prepress Solutions reporting unit’s carrying value exceeded its fair value and recorded a pre-tax goodwill impairment loss of $56 million in the Consolidated Statement of Operations. No impairment of goodwill was indicated for the other reporting units.

The gross carrying amount and accumulated amortization by major intangible asset category as of December 31, 2018 and 2017 were as follows:

	As of December 31, 2018
	Gross Carrying		Accumulated				Weighted-Average
(in millions)	Amount		Amortization		Net		Amortization Period
Technology-based	$	99	$	70	$	29	6 years
Kodak trade name		25		—		25	Indefinite life
Customer-related		11		7		4	5 years
Other		3		1		2	20 years
Total	$	138	$	78	$	60

	As of December 31, 2017
	Gross Carrying		Accumulated				Weighted-Average
(in millions)	Amount		Amortization		Net		Amortization Period
Technology-based	$	99	$	60	$	39	6 years
Kodak trade name		38		—		38	Indefinite life
Customer-related		11		6		5	6 years
Other		3		1		2	21 years
Total	$	151	$	67	$	84

In the fourth quarter of 2018 and 2017, Kodak concluded the carrying value of the Kodak trade name exceeded its fair value. Pre-tax impairment charges of $13 million and $2 million, respectively, are included in Other operating expense (income), net in the Consolidated Statement of Operations.

In the third quarter of 2017, due to canceling its copper mesh touch screen program, Kodak wrote off related intangible assets with a gross carrying amount of $33 million and accumulated amortization of $21 million and recorded an impairment charge of $12 million.

During the first quarter of 2017, Kodak recorded a pre-tax charge of $4 million to adjust the Prosper intangible asset carrying value to the amount that would have been recorded had the Prosper intangible assets been continuously classified as held and used. Refer to Note 15, “Other Operating Expense (Income), net” and Note 27, “Discontinued Operations”.

Amortization expense related to intangible assets was $11 million and $17 million for the years ended December 31, 2018 and 2017, respectively.

Estimated future amortization expense related to intangible assets that are currently being amortized as of December 31, 2018 was as follows:

(in millions)
2019	$	7
2020		6
2021		5
2022		5
2023		4
2024 and thereafter		8
Total	$	35

Note 6 - Other Long-term Assets

12 Months Ended

Dec. 31, 2018

Other Assets Noncurrent Disclosure [Abstract]

Other Long-term Assets [Text Block]

NOTE 6: OTHER LONG-TERM ASSETS

	As of December 31,
(in millions)	2018		2017
Pension assets	$	82	$	43
Estimated workers' compensation recoveries		17		22
Long-term receivables, net of allowance of $4 million and $4 million		13		15
Other		32		33
Total	$	144	$	113

Note 7 - Other Current Liabilities

12 Months Ended

Dec. 31, 2018

Other Liabilities Current [Abstract]

Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]

NOTE 7: OTHER CURRENT LIABILITIES

	As of December 31,
(in millions)	2018		2017
Employment-related liabilities	$	42	$	45
Deferred revenue		34		29
Customer rebates		26		27
Deferred consideration on disposed businesses⁽¹⁾		24		10
Workers' compensation		9		10
Restructuring liabilities		8		10
Other		70		80
Total	$	213	$	211

⁽¹⁾

On September 3, 2013, Kodak consummated the sale of certain assets and the assumption of certain liabilities of the Personalized Imaging and Document Imaging Businesses (“PI/DI Businesses”) to the trustee of the U. K. pension plan (and/or its subsidiaries, collectively the “KPP Purchasing Parties”) for net cash consideration of $325 million. Up to $35 million in aggregate of the purchase price is subject to repayment if the PI/DI Business does not achieve certain annual adjusted EBITDA targets over the four-year period ending December 31, 2018. The PI/DI Business did not achieve the adjusted annual EBITDA target for 2017, 2016 or 2015. The amounts owed for 2015 and 2016 were paid in 2016 and 2017, respectively. The amount owed for 2017 of $10 million was paid in January 2019. The maximum potential payment related to the year ending December 31, 2018 of $14 million was accrued at the time of the divestiture of the business.

The customer rebate amounts will potentially be settled through customer deductions applied to outstanding trade receivables in lieu of cash payments.

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 8 - Other Long-term Liabilities

12 Months Ended

Dec. 31, 2018

Disclosure Text Block Supplement [Abstract]

Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Noncurrent [Text Block]

NOTE 8: OTHER LONG-TERM LIABILITIES

	As of December 31,
(in millions)	2018		2017
Workers' compensation	$	83	$	96
Asset retirement obligations		48		43
Deferred taxes		14		16
Environmental liabilities		10		12
Deferred consideration on disposed businesses		—		14
Other		24		21
Total	$	179	$	202

The Other component above consists of other miscellaneous long-term liabilities that, individually, were less than 5% of the total liabilities component in the accompanying Consolidated Statement of Financial Position, and therefore, have been aggregated in accordance with Regulation S-X.

Note 9 - Debt And Capital Leases

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Debt and Capital Leases Disclosures [Text Block]

NOTE 9: DEBT AND CAPITAL LEASES

Debt and capital leases and related maturities and interest rates were as follows at December 31, 2018 and 2017 (in millions):

				As of December 31,
				2018		2017
(in millions)	Type	Maturity	Weighted-Average Effective Interest Rate	Carrying Value		Carrying Value
Current portion:
	Term note		8.84%	$	394	$	—
	Capital leases		Various		2		3
	Other debt		Various		—		1
					396		4

Non-current portion:
	Term note	2019	8.84%		—		393
	Capital leases	Various	Various		3		4
	Other debt	Various	Various		2		2
					5		399
				$	401	$	403

Annual maturities of debt and capital leases outstanding at December 31, 2018, were as follows (in millions):

(in millions)	Carrying Value		Maturity Value
2019	$	396	$	397
2020		1		1
2021		1		1
2022		1		1
2023		—		—
2024 and thereafter		2		2
Total	$	401	$	402

On September 3, 2013, the Company entered into (i) a Senior Secured First Lien Term Credit Agreement (the “Term Credit Agreement”) with the lenders party thereto (the “First Lien Lenders”), JPMorgan Chase Bank, N.A. as administrative agent, and J.P. Morgan Securities LLC, Barclays Bank PLC, and Merrill Lynch, Pierce, Fenner & Smith Inc. as joint lead arrangers and joint bookrunners, and (ii) a Senior Secured Second Lien Term Credit Agreement (the “Second Lien Term Credit Agreement,” and together with the Term Credit Agreement, the “Term Credit Agreements”), with the lenders party thereto (the “Second Lien Lenders,” and together with the First Lien Lenders, the “Term Credit Lenders”), Barclays Bank PLC as administrative agent, and J.P. Morgan Securities LLC, Barclays Bank PLC and Merrill Lynch, Pierce, Fenner & Smith Inc. as joint lead arrangers and joint bookrunners. Additionally, the Company and its U.S. subsidiaries (the “Subsidiary Guarantors”) entered into an Asset Based Revolving Credit Agreement (the “ABL Credit Agreement” and together with the Term Credit Agreements, the “Credit Agreements”) with the lenders party thereto (the “ABL Lenders” and together with the First Lien Lenders and the Second Lien Lenders, the “Lenders”) and Bank of America N.A. as administrative agent and collateral agent, Barclays Bank PLC as syndication agent and Merrill Lynch, Pierce, Fenner & Smith Inc., Barclays Bank PLC and J.P. Morgan Securities LLC as joint lead arrangers and joint bookrunners. Pursuant to the terms of the Credit Agreements, the Term Credit Lenders provided the Company with term loan facilities in an aggregate principal amount of $695 million, consisting of $420 million of first-lien term loans (the “First Lien Loans”) and $275 million of second-lien term loans (the “Second Lien Loans”). Net proceeds from the Term Credit Agreements were $664 million ($695 million aggregate principal less $15 million stated discount and $16 million in debt transaction costs). The loans made under the Term Credit Agreement become due on the earlier to occur of (i) the maturity date of September 3, 2019 or (ii) the acceleration of such loans following the occurrence of an event of default (as defined in the Term Credit Agreement). The Second Lien Term Credit Agreement was prepaid and terminated on November 15, 2016 using the proceeds from the sale of Series A Preferred Stock together with cash on hand.

The Credit Agreements limit, among other things, the Company’s and the Subsidiary Guarantors’ ability to (i) incur indebtedness, (ii) incur or create liens, (iii) dispose of assets, (iv) make restricted payments (including dividend payments, et al.) and (v) make investments. In addition to other customary affirmative covenants, the Credit Agreements provide for a periodic delivery by the Company of its various financial statements as set forth in the Credit Agreements. Events of default under the Credit Agreements include, among others, failure to pay any loan, interest or other amount due under the applicable credit agreement, breach of specific covenants and a change of control of the Company. Upon an event of default, the applicable lenders may declare the outstanding obligations under the applicable credit agreement to be immediately due and payable and exercise other rights and remedies provided for in such Credit Agreements.

The First Lien Loans bear interest at the rate of LIBOR plus 6.25% per annum, with a LIBOR floor of 1% or Alternate Base Rate (as defined in the Term Credit Agreement) plus 5.25%. Under the ABL Credit Agreement, the ABL Loans bore interest at the rate of LIBOR plus 2.75%-3.25% per annum or Base Rate (as defined in the ABL Credit Agreement) plus 1.75%-2.25% per annum, based on Excess Availability (as defined in the ABL Credit Agreement) until the ABL Credit Agreement was amended as discussed below. Each existing and future direct or indirect U.S. subsidiary of the Company (other than immaterial subsidiaries, unrestricted subsidiaries and certain other subsidiaries) have agreed to provide unconditional guarantees of the obligations of the Company under the Credit Agreements. Subject to certain exceptions, obligations under the Term Credit Agreement are secured by: (i) a first lien on all assets of the Company and the Subsidiary Guarantors, other than the ABL Collateral (as defined below), including a first lien on 100% of the stock of material domestic subsidiaries and 65% of the stock of material first-tier foreign subsidiaries (collectively the “Term Collateral”) and (ii) a second lien on the ABL Collateral. Obligations under the Asset Based Revolving Credit Agreement are secured by: (i) a first lien on cash, accounts receivable, inventory, machinery and equipment (the “ABL Collateral”) and (ii) a second lien on the Term Collateral. The aggregate carrying value of the Term Collateral and ABL Collateral as of December 31, 2018 and 2017 was $1,310 million and $1,385 million, respectively.

The Company may voluntarily prepay the First Lien Loans.

As defined in the Term Credit Agreement, the Company is required to prepay loans with net proceeds from asset sales, recovery events or issuance of indebtedness, subject to, in the case of net proceeds received from asset sales or recovery events, reinvestment rights by the Company in assets used or usable by the business within certain time limits. On October 2, 2017, Kodak prepaid $6 million of principal under the Term Credit Agreement from proceeds from a royalty payment. On July 7, 2016, Kodak prepaid $5 million of principal under the Term Credit Agreement from proceeds received from the sale of a business. Under the terms of the Term Credit Agreement, the prepayments were applied first to the installment principal payments of $4 million due over the next twelve months, then ratably to the remaining scheduled payments. With the prepayments, Kodak does not owe any future scheduled principal payments until the maturity date of the loan.

On an annual basis, the Company will prepay on June 30 of the following fiscal year loans in an amount equal to a percentage of Excess Cash Flow (“ECF”) as defined in the Term Credit Agreement, provided no such prepayment is required if such prepayment would cause U.S. liquidity (as defined in the Term Credit Agreement) to be less than $100 million or the Secured Leverage ratio is less than 2.25 to 1.00. For the years ended December 31, 2018 and 2017, ECF was a negative amount. For 2016, the Secured Leverage Ratio was below 2.25 to 1.00. Therefore, no prepayments of First Lien term debt have been required. Any mandatory prepayments as described above shall be reduced by any mandatory prepayments of the First Lien Loans.

Under the Term Credit Agreement, the Company is required to maintain a Secured Leverage Ratio (as defined therein) not to exceed specified levels. The Secured Leverage Ratio under the Term Credit Agreement is tested at the end of each quarter based on the prior four quarters. The maximum Secured Leverage Ratio permitted under the Term Credit Agreement declined on June 30, 2015 from 3.75:1 to 3.25:1 and further declined on December 31, 2015 from 3.25:1 to 2.75:1, with no further adjustments for the remainder of the agreement.

Under the terms of the Credit Agreements, the Company may designate Restricted Subsidiaries as Unrestricted Subsidiaries provided the aggregate sales of all Unrestricted Subsidiaries are less than 7.5% of the consolidated sales of Kodak and the aggregate assets of all Unrestricted Subsidiaries are less than 7.5% of Kodak’s consolidated assets. Further, under the ABL Credit Agreement, on a pro forma basis at the time of designation and immediately after giving effect thereto, Excess Availability must be at least $30 million and the pro forma Fixed Charge Coverage Ratio must be no less than 1.0 to 1.0. Upon designation of Unrestricted Subsidiaries, the Company is required to provide to the Lenders reconciling statements to eliminate all financial information pertaining to Unrestricted Subsidiaries which is included in its annual and quarterly financial statements.

In March 2018, the Company designated five subsidiaries as Unrestricted Subsidiaries, Kodak PE Tech, LLC, Kodak LB Tech, LLC, Kodak Realty, Inc., Kodakit Singapore Pte. Limited and KP Services (Jersey) Ltd. This action allowed the Company to better position assets which may be monetized in the future and address costs related to underutilized properties. Collectively, these subsidiaries have sales of approximately $12 million for the year ended December 31, 2018 and assets of $21 million as of December 31, 2018, which represent 1% and 1%, respectively, of Kodak’s consolidated sales for the year ended December 31, 2018 and consolidated assets as of December 31, 2018. Each of the capitalized but undefined terms has the meaning ascribed to such term in the Credit Agreements. EBITDA of the Unrestricted Subsidiaries, as calculated under the Term Credit Agreement and the ABL Credit Agreement, is a loss and is excluded from the calculation of the Secured Leverage Ratio. Therefore, designating these Subsidiaries as Unrestricted had the impact of improving the Secured Leverage Ratio.

Kodak intends to conduct its operations in a manner that will result in continued compliance with the secured leverage ratio covenant; however, future compliance may depend on Kodak undertaking one or more actions, such as the repatriation of cash into the U.S., the management of operating cash outflows, the designation of subsidiaries as Unrestricted Subsidiaries, a monetization of assets, a debt refinancing, the raising of equity capital, or a similar transaction.

See also the Going Concern subsection of Note 1, “Basis of Presentation and Recent Accounting Pronouncements”.

ABL Credit Agreement

On May 26, 2016, the Company and certain of its domestic subsidiaries (the “Subsidiary Guarantors”) entered into an Amended and Restated Credit Agreement (the “ABL Credit Agreement”) with the lenders party thereto (the “Lenders”), Bank of America, N.A., as administrative and collateral agent, and Bank of America, N.A. and JPMorgan Chase Bank, N.A., as joint lead arrangers and joint bookrunners, which amended and restated the existing Asset Based Revolving Credit Agreement, dated as of September 3, 2013 (the “Prior Credit Agreement”). Each of the capitalized but undefined terms used in the context of describing the ABL Credit Agreement has the meaning ascribed to such term in the ABL Credit Agreement.

The ABL Credit Agreement decreased the aggregate amount of commitments from $200 million to $150 million and extended the maturity date to the earlier of May 26, 2021 or the date that is 90 days prior to the earliest scheduled maturity date of any of the Company’s outstanding term loans or refinancings thereof, of which the earliest maturity date is currently September 3, 2019. The ABL Credit Agreement, among other things, lowered reserve requirements by eliminating the Availability Block and removed the ability to use Qualified Cash to support Excess Availability.

Each existing direct or indirect U.S. subsidiary of the Company (other than Immaterial Subsidiaries, Unrestricted Subsidiaries and certain other subsidiaries) has reaffirmed its unconditional guarantee (and any such future subsidiaries must provide an unconditional guarantee) of the obligations of the Company under the ABL Credit Agreement.

The Lenders will make available asset-based revolving loans (the “ABL Loans”) and letters of credit in an aggregate amount of up to $150 million, subject to the Borrowing Base. The Company has issued approximately $85 million and $96 million of letters of credit under the ABL Credit Agreement as of December 31, 2018 and 2017. The Company had approximately $19 million and $20 million of Excess Availability under the ABL Credit Agreement as of December 31, 2018 and 2017. Availability is subject to the borrowing base calculation, reserves and other limitations.

The ABL Loans bear interest at the rate of LIBOR plus 2.25% - 2.75% per annum or Base Rate plus 1.25% - 1.75% per annum based on Excess Availability.

Excess Availability is equal to the sum of (i) 85% of the amount of the Eligible Receivables less a Dilution Reserve, (ii) the lesser of 85% of Net Orderly Liquidation Value or 75% of the Eligible Inventory (iii) the lesser of 75% of Orderly Liquidation Value of Eligible Equipment or $11 million, as of December 31, 2018 (which $11 million decreases by $1 million per quarter) and (iv) Eligible Cash less (a) Rent and Charges Reserves, (b) Principal Outstanding and (c) Outstanding Letters of Credit.

Under the ABL Credit Agreement, Kodak is required to maintain a minimum Fixed Charge Coverage Ratio of 1.00 to 1.00 when Excess Availability is less than 12.5% of lender commitments. As of December 31, 2018 and 2017 12.5% of lender commitments were $18.75 million.

If Excess Availability falls below 12.5% of lender commitments, Kodak may, in addition to the requirement to be in compliance with the minimum Fixed Charge Coverage Ratio, become subject to cash dominion control. Since Excess Availability was greater than 12.5% of lender commitments at December 31, 2017, Kodak is not required to have a minimum Fixed Charges Coverage Ratio of 1.0 to 1.0.

As of December 31, 2018 and 2017, Kodak had funded $3 million and $6 million, respectively, to the Eligible Cash account, held with the ABL Credit Agreement Administrative Agent, which is classified as Restricted cash in the Consolidated Statement of Financial Position.

The Company intends to repay the Term Credit Agreement using proceeds from the sale of the Flexographic Packaging segment and to amend and restate or refinance the Term Credit Agreement prior to the maturity of the Term Credit Agreement or ABL Credit Agreement and prior to the date on which any event of default would occur under the Term Credit Agreement.

Note 10 - Redeemable, Convertible Series A Preferred Stock

12 Months Ended

Dec. 31, 2018

Temporary Equity Disclosure [Abstract]

Redeemable, Convertible Series A Preferred Stock [Text Block]

NOTE 10: REDEEMABLE, CONVERTIBLE SERIES A PREFERRED STOCK

On November 15, 2016, the Company issued 2,000,000 shares of 5.50% Series A Convertible Preferred Stock, no par value per share (the “Series A Preferred Stock”), for an aggregate purchase price of $200 million, or $100 per share pursuant to a Series A Preferred Stock Purchase Agreement (the “Purchase Agreement”) with Southeastern Asset Management, Inc. (“Southeastern”) and Longleaf Partners Small-Cap Fund, C2W Partners Master Fund Limited and Deseret Mutual Pension Trust, which are investment funds managed by Southeastern (such investment funds, collectively, the “Purchasers”), dated November 7, 2016. The Company received net proceeds of $198 million after issuance costs.

The Company has classified the Series A Preferred Stock as temporary equity in the Consolidated Statement of Financial Position.

Dividend and Other Rights

On November 14, 2016, the Company filed with the Department of Treasury of the State of New Jersey a Certificate of Amendment to the Second Amended and Restated Certificate of Incorporation of the Company (the “Certificate of Designations”) which established the designation, number of shares, rights, preferences and limitations of the Series A Preferred Stock which became effective upon filing. The Series A Preferred Stock ranks senior to the Company’s common stock (“Common Stock”) with respect to dividend rights and rights on liquidation, winding-up and dissolution. The Series A Preferred Stock has a liquidation preference of $100 per share, and the holders of Series A Preferred Stock are entitled to cumulative dividends payable quarterly in cash at a rate of 5.50% per annum. Until the third quarter of 2018 all dividends owed on the Series A Preferred Stock were declared and paid when due. No quarterly dividend was declared in the third or fourth quarters of 2018.

Holders of Series A Preferred Stock are entitled to vote together with the holders of the Common Stock as a single class, in each case, on an as-converted basis, except where a separate class vote is required by law. Holders of Series A Preferred Stock have certain limited special approval rights, including with respect to the issuance of pari passu or senior equity securities of the Company.

The Purchasers have the right to nominate members to the Company’s board of directors proportional to their ownership on an as converted basis, which initially allows the Purchasers to nominate two members to the board. If dividends on any Series A Preferred Stock are in arrears for six or more consecutive or non-consecutive dividend periods, the holders of Series A Preferred Stock, voting with holders of all other preferred stock of the Company whose voting rights are then exercisable, will be entitled to vote for the election of two additional directors in the next annual meeting and all subsequent meetings until all accumulated dividends on such Series A Preferred Stock and other voting preferred stock have been paid or set aside. The nomination right of the Purchasers will be reduced by two nominees at any time the holders of Series A Preferred Stock have the right to elect, or participate in the election of, two additional directors. Two of the directors on the Company’s current board of directors were nominated by the Purchasers.

Conversion Features

Each share of Series A Preferred Stock is convertible, at the option of each holder at any time, into shares of Common Stock at the initial conversion rate of 5.7471 (equivalent to an initial conversion price of $17.40 per share of Common Stock). If a holder elects to convert any shares of Series A Preferred Stock during a specified period in connection with a fundamental change (as defined in the Certificate of Designations), the conversion rate will be adjusted under certain circumstances and such holder will also be entitled to a payment in respect of accumulated dividends. If a holder elects to convert any shares of Series A Preferred Stock during a specified period following a reorganization event (as defined in the Certificate of Designations), such holder can elect to have the conversion rate adjusted. In addition, the Company will have the right to require holders to convert any shares of Series A Preferred Stock in connection with certain reorganization events, in which case the conversion rate will be adjusted under certain circumstances. If shares of Series A Preferred Stock are not converted in connection with a reorganization event, such shares will become convertible into the exchanged property from the reorganization event.

The Company will have the right to convert Series A Preferred Stock into Common Stock at any time after the second anniversary of the initial issuance, if the closing price of the Common Stock has equaled or exceeded 125 percent of the then-effective conversion price for 45 trading days within a period of 60 consecutive trading days, with the last trading day of such 60 day period ending on the trading day immediately preceding the business day on which the Company issues a press release announcing the mandatory conversion.

The initial conversion rate and the corresponding conversion price are subject to customary anti-dilution adjustments as well as an adjustment if the Company is obligated to make a cash payment under the settlement agreement relating to the remediation of historical environmental liabilities at EBP, as discussed in Note 12, “Guarantees”.

The Company concluded that the Series A Preferred Stock is considered more akin to a debt-type instrument and that the economic characteristics and risks of the embedded conversion features, except where the conversion price is increased to the liquidation preference, were not considered clearly and closely related to the Series A Preferred Stock. Accordingly, these embedded conversion features were bifurcated from the Series A Preferred Stock and separately accounted for on a combined basis at fair value as a single derivative. The Company allocated $43 million of the net proceeds received to the derivative liability based on the aggregate fair value of the embedded conversion features on the date of issuance which reduced the original carrying value of the Series A Preferred Stock. The derivative is being accounted for at fair value with subsequent changes in the fair value being reported as part of Other (income) charges, net in the Consolidated Statement of Operations. The fair value of the derivative as of December 31, 2018 and 2017 was an asset of $4 million and is included within Other long-term assets in the accompanying Consolidated Statement of Financial Position. Refer to Note 13, “Financial Instruments” for information on the valuation of the derivative.

The carrying value of the Series A Preferred Stock at the time of issuance, $155 million ($200 million aggregate gross proceeds less $43 million allocated to the derivative liability and $2 million in transaction costs) is being accreted to the mandatory redemption amount using the effective interest method to Additional paid in capital in the Consolidated Statement of Financial Position as a deemed dividend from the date of issuance through the mandatory redemption date, November 15, 2021.

Redemption Features

If any shares of Series A Preferred Stock have not been converted prior to the fifth anniversary of the initial issuance of the Series A Preferred Stock, the Company is required to redeem such shares at $100 per share plus the amount of accrued and unpaid dividends. As the Company concluded that the Series A Preferred Stock is considered more akin to a debt-type instrument, the redemption feature is considered to be clearly and closely related to the host contract and therefore was not required to be separated from the Series A Preferred Stock.

Series A Registration Rights Agreement

On November 15, 2016, the Company, Southeastern and the Purchasers entered into a Registration Rights Agreement (the “Series A Registration Rights Agreement”), pursuant to which the Company agreed to register under the Securities Act and take certain actions with respect to the offer and sale by the Purchasers of shares of Series A Preferred Stock purchased by the Purchasers and shares of Common Stock issuable upon conversion of the Series A Preferred Stock and issuable pursuant to the terms of the Series A Preferred Stock (the “Series A registrable securities”).

Pursuant to the Registration Rights Agreement, the Company has filed with the SEC a shelf registration statement on Form S-3 that relates to the resale of the Series A registrable securities and such registration statement has been declared effective by the SEC. Upon the written demand of the relevant Purchaser(s), the Company will facilitate a “takedown” of Series A registrable securities off of the registration statement but the Purchaser(s) may not, individually or collectively, make more than four demands in the aggregate. Any demand for an underwritten offering of Series A Preferred Stock must have an aggregate market value (based on the most recent closing price of the Common Stock into which the Series A Preferred Stock is convertible at the time of the demand) of at least $75 million.

Note 11 - Commitments and Contingencies

12 Months Ended

Dec. 31, 2018

Commitments and Contingencies Disclosure [Text Block]

NOTE 11: COMMITMENTS AND CONTINGENCIES

Asset Retirement Obligations

Kodak’s asset retirement obligations primarily relate to asbestos contained in buildings that Kodak owns. In many of the countries in which Kodak operates, environmental regulations exist that require Kodak to handle and dispose of asbestos in a special manner if a building undergoes major renovations or is demolished. Otherwise, Kodak is not required to remove the asbestos from its buildings. Kodak records a liability equal to the estimated fair value of its obligation to perform asset retirement activities related to the asbestos, computed using an expected present value technique, when sufficient information exists to calculate the fair value. Kodak does not have a liability recorded related to every building that contains asbestos because Kodak cannot estimate the fair value of its obligation for certain buildings due to a lack of sufficient information about the range of time over which the obligation may be settled through demolition, renovation or sale of the building.

The following table provides asset retirement obligation activity (in millions):

	For the Year Ended December 31,
	2018			2017
Asset Retirement Obligations at start of period	$	43		$	38
Liabilities incurred in the current period		3			2
Liabilities settled in the current period		(3	)		(1	)
Accretion expense		2			1
Revision in estimated cash flows		3			3
Asset Retirement Obligations at end of period	$	48		$	43

Other Commitments and Contingencies

The Company and its subsidiaries have entered into operating leases for various real estate and equipment needs. Rental expense in the years ended December 31, 2018 and 2017 amounted to $21 million and $22 million, respectively, net of sublease income of $7 million in each year.

As of December 31, 2018, the Company had outstanding letters of credit of $85 million issued under the ABL Credit Agreement as well as bank guarantees and letters of credit of $3 million, surety bonds in the amount of $40 million, and restricted cash and deposits of $25 million, primarily to support compliance with the Excess Availability threshold under the ABL Credit Agreement, to ensure the payment of possible casualty and workers compensation claims, environmental liabilities, legal contingencies, rental payments, and to support various customs, hedging, tax and trade activities. The restricted cash and deposits are recorded in Restricted cash, Other current assets and Other long-term assets in the Consolidated Statement of Financial Position.

Kodak’s Brazilian operations are involved in various litigation matters and have received or been the subject of numerous governmental assessments related to indirect and other taxes in various stages of litigation, as well as civil litigation and disputes associated with former employees and contract labor. The tax matters, which comprise the majority of the litigation matters, are primarily related to federal and state value-added taxes. Kodak is disputing these matters and intends to vigorously defend its position. Kodak routinely assesses all these matters as to the probability of ultimately incurring a liability in its Brazilian operations and records its best estimate of the ultimate loss in situations where it assesses the likelihood of loss as probable. As of December 31, 2018, the unreserved portion of these contingencies, inclusive of any related interest and penalties, for which there was at least a reasonable possibility that a loss may be incurred, amounted to approximately $10 million.

In connection with assessments in Brazil, local regulations may require Kodak to post security for a portion of the amounts in dispute. As of December 31, 2018, Kodak has posted security composed of $5 million of pledged cash reported within Restricted cash in the Consolidated Statement of Financial Position and liens on certain Brazilian assets with a net book value of approximately $60 million. Generally, any encumbrances on the Brazilian assets would be removed to the extent the matter is resolved in Kodak's favor.

Kodak is involved in various lawsuits, claims, investigations, remediations and proceedings, including, from time to time, commercial, customs, employment, environmental, tort and health and safety matters, which are being handled and defended in the ordinary course of business. Kodak is also subject, from time to time, to various assertions, claims, proceedings and requests for indemnification concerning intellectual property, including patent infringement suits involving technologies that are incorporated in a broad spectrum of Kodak’s products and claims arising out of Kodak’s licensing its brand. These matters are in various stages of investigation and litigation, and are being vigorously defended. Based on information currently available, Kodak does not believe that it is probable that the outcomes in any of these matters, individually or collectively, will have a material adverse effect on its financial condition or results of operations. Litigation is inherently unpredictable, and judgments could be rendered or settlements entered that could adversely affect Kodak’s operating results or cash flows in a particular period. Kodak routinely assesses all of its litigation and threatened litigation as to the probability of ultimately incurring a liability, and records its best estimate of the ultimate loss in situations where it assesses the likelihood of loss as probable.

Note 12 - Guarantees

12 Months Ended

Dec. 31, 2018

Guarantees [Text Block]

NOTE 12: GUARANTEES

EKC guarantees obligations to third parties for some of its consolidated subsidiaries. The maximum amount guaranteed is $4 million and the outstanding amount for those guarantees is $1 million.

In accordance with the terms of a settlement agreement concerning certain of the Company’s historical environmental liabilities at EBP, in the event the historical liabilities exceed $99 million, the Company will become liable for 50% of the portion above $99 million with no limitation to the maximum potential future payments. There is no liability recorded related to this guarantee.

Indemnifications

Kodak may, in certain instances, indemnify third parties when it sells businesses and real estate, and in the ordinary course of business with its customers, suppliers, service providers and business partners. Additionally, Kodak indemnifies officers and directors who are, or were, serving at Kodak’s request in such capacities. Historically, costs incurred to settle claims related to these indemnifications have not been material to Kodak’s financial position, results of operations or cash flows. Further, the fair value of any right to indemnification granted during the year ended December 31, 2018 was not material to Kodak’s financial position, results of operations or cash flows.

Extended Warranty Arrangements

Kodak offers its customers extended warranty arrangements that are generally one year, but may range from three months to six years after the original warranty period. Kodak provides repair services and routine maintenance under these arrangements. Kodak has not separated the extended warranty costs from the routine maintenance service costs, as it is not practicable to do so. Therefore, these costs have been aggregated in the discussion that follows. The change in Kodak's deferred revenue balance in relation to these extended warranty and maintenance arrangements, which is reflected in Other current liabilities in the accompanying Consolidated Statement of Financial Position, was as follows:

(in millions)
Deferred revenue on extended warranties as of December 31, 2016	$	23
New extended warranty and maintenance arrangements		123
Recognition of extended warranty and maintenance arrangement revenue		(124	)
Deferred revenue on extended warranties as of December 31, 2017		22
New extended warranty and maintenance arrangements		105
Recognition of extended warranty and maintenance arrangement revenue		(105	)
Deferred revenue on extended warranties as of December 31, 2018	$	22

Costs incurred under these extended warranty and maintenance arrangements for the years ended December 31, 2018 and 2017 amounted to $113 million and $114 million, respectively.

Note 13 - Financial Instruments

12 Months Ended

Dec. 31, 2018

Fair Value Disclosures [Text Block]

NOTE 13: FINANCIAL INSTRUMENTS

Kodak, as a result of its global operating and financing activities, is exposed to changes in foreign currency exchange rates and interest rates, which may adversely affect its results of operations and financial position. Kodak manages such exposures, in part, with derivative financial instruments. Foreign currency forward contracts are used to mitigate currency risk related to foreign currency denominated assets and liabilities, as well as forecasted foreign currency denominated intercompany assets. Kodak’s exposure to changes in interest rates results from its investing and borrowing activities used to meet its liquidity needs. Kodak does not utilize financial instruments for trading or other speculative purposes.

Kodak’s foreign currency forward contracts are not designated as hedges and are marked to market through net earnings (loss) at the same time that the exposed assets and liabilities are re-measured through net earnings (loss) (both in Other (income) charges, net in the Consolidated Statement of Operations). The notional amount of such contracts open at December 31, 2018 and 2017 was approximately $415 million and $534 million, respectively. The majority of the contracts of this type held by Kodak at December 31, 2018 were denominated in euros, Japanese yen, Chinese renminbi and Swiss francs. The majority of the contracts of this type held by Kodak at December 31, 2017 were denominated in Swiss francs and euros. The net effect of foreign currency forward contracts in the results of operations is shown in the following table:

Year Ended December 31,

(in millions)

2018

2017

Net loss from derivatives not designated as hedging

instruments

Kodak had no derivatives designated as hedging instruments for the years ended December 31, 2018 and 2017.

Kodak’s derivative counterparties are high-quality investment or commercial banks with significant experience with such instruments. Kodak manages exposure to counterparty credit risk by requiring specific minimum credit standards and diversification of counterparties. Kodak has procedures to monitor the credit exposure amounts. The maximum credit exposure at December 31, 2018 was not significant to Kodak.

In the event of a default under the Company’s Credit Agreements, or a default under any derivative contract or similar obligation of Kodak, subject to certain minimum thresholds, the derivative counterparties would have the right, although not the obligation, to require immediate settlement of some or all open derivative contracts at their then-current fair value, but with liability positions netted against asset positions with the same counterparty.

As discussed in Note 10, “Redeemable, Convertible, Series A Preferred Stock”, Kodak concluded that the Series A Preferred Stock is considered more akin to a debt-type instrument and that the economic characteristics and risks of the embedded conversion features, except where the conversion price was increased to the liquidation preference, were not considered clearly and closely related to the Series A Preferred Stock. The embedded conversion features not considered clearly and closely related are the conversion at the option of the holder; the ability of Kodak to automatically convert the stock after the second anniversary of issuance and the conversion in the event of a fundamental change or reorganization. Accordingly, these embedded conversion features were bifurcated from the Series A Preferred Stock and separately accounted for on a combined basis as a single derivative asset or liability which is reported in Other long-term assets in the Consolidated Statement of Financial Position as of December 31, 2018 and 2017. The derivative is being accounted for at fair value with changes in fair value being reported in Other (income) charges, net in the Consolidated Statement of Operations.

Fair Value

Fair values of Kodak’s foreign currency forward contracts are determined using observable inputs (Level 2 fair value measurements) and are based on the present value of expected future cash flows (an income approach valuation technique) considering the risks involved and using discount rates appropriate for the duration of the contracts. The gross fair value of foreign currency forward contracts in an asset position are reported in Other current assets in the Consolidated Statement of Financial Position and the gross fair value of foreign currency contracts in a liability position are reported in Other current liabilities. The gross fair value of foreign currency forward contracts in an asset position as of December 31, 2018 and 2017 was $3 million and $7 million, respectively. The gross fair value of the foreign currency forward contracts in a liability position as of December 31, 2018 and 2017 were $1 million in each year.

The fair value of the Series A Preferred Stock embedded conversion features derivative is calculated using unobservable inputs (Level 3 fair measurements). The value is calculated using a binomial lattice model. The following table presents the key inputs in the determination of fair value at December 31, 2018 and 2017:

	Valuation Date
(in millions)	For the Year Ended December 31,
	2018			2017
Total value of embedded derivative asset	$	4		$	4
Kodak's closing stock price		2.55			3.10
Expected stock price volatility		95.55	%		58.22	%
Risk free rate		2.46	%		2.08	%
Yield on the preferred stock		23.77	%		22.31	%

The Fundamental Change and Reorganization Conversion value at issuance was calculated as the difference between the total value of the Series A Preferred Stock and the sum of the net present value of the cash flows if the Series A Preferred Stock is redeemed on its fifth anniversary and the values of the other embedded derivatives. The Fundamental Change and Reorganization Conversion value reduces the value of the embedded conversion features derivative liability. The Fundamental Change and Reorganization Conversion value exceeded the value of the embedded conversion features derivative liability at December 31, 2018 and 2017 resulting in the derivative being reported as an asset.

The fair values of long-term borrowings were $5 million and $348 million at December 31, 2018 and 2017, respectively. Fair values of long-term borrowings (Level 2 fair value measurements) are determined by reference to quoted market prices, if available, or by pricing models based on the value of related cash flows discounted at current market interest rates. At December 31, 2018, the fair value of current portion of long-term borrowings was also determined by reference to quoted market prices of similar instruments, if available, or by pricing models based on the value of related cash flows discounted at current market interest rates. The fair value of the current portion of long-term borrowings was $378 million at December 31, 2018.

Transfers between levels of the fair value hierarchy are recognized based on the actual date of the event or change in circumstances that caused the transfer. There were no transfers between levels of the fair value hierarchy during the year ended December 31, 2018.

The carrying values of cash and cash equivalents and restricted cash approximate their fair values. In addition, the fair value of the current portion of long-term borrowings approximated its fair value at December 31, 2017.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Note 14 - Revenue

12 Months Ended

Dec. 31, 2018

Revenue From Contract With Customer [Abstract]

Revenue [Text Block]

NOTE 14: REVENUE

Disaggregation of Revenue

The following tables present revenue disaggregated by major product, portfolio summary and geography.

Major product:

	Year Ended
	December 31, 2018
	Print Systems		Enterprise Inkjet Systems		Software & Solutions		Consumer & Film		Advanced Materials and 3D Printing Technology		Eastman Business Park		Total
Plates, inks and other consumables	$	685	$	32	$	—	$	16	$	—	$	—	$	733
Ongoing service arrangements ⁽¹⁾		132		79		48		3		—		—		262
Total Annuities		817		111		48		19		—		—		995
Equipment & Software		78		25		17		—		—		—		120
Film and chemicals		—		—		—		159		—		—		159
Other⁽²⁾		—		—		19		11		4		17		51
Total	$	895	$	136	$	84	$	189	$	4	$	17	$	1,325

⁽¹⁾

Service revenue in the Consolidated Statement of Operations includes the ongoing service revenue shown above as well as revenue from project-based document management and managed print services businesses, which is included in Other above.

⁽²⁾

Other includes revenue from professional services, non-recurring engineering services, print and managed media services, tenant rent and related property management services and licensing.

Product Portfolio Summary:

	Year Ended
	December 31, 2018
	Print Systems		Enterprise Inkjet Systems		Software & Solutions		Consumer & Film		Advanced Materials and 3D Printing Technology		Eastman Business Park		Total
Growth engines⁽¹⁾	$	159	$	84	$	84	$	11	$	3	$	—	$	341
Strategic other businesses ⁽²⁾		700		—		—		162		1		17		880
Planned declining businesses ⁽³⁾		36		52		—		16		—		—		104
	$	895	$	136	$	84	$	189	$	4	$	17	$	1,325

⁽¹⁾

Growth engines consist of Sonora, PROSPER, Software and Solutions, AM3D, excluding intellectual property (IP) licensing, and brand licensing.

⁽²⁾

Strategic Other Businesses include plates, Computer to Plate (“CTP”) and related service, and Nexpress and related toner business in the Print Systems segment, Motion Picture and Industrial Film and Chemicals in the Consumer and Film segment, Eastman Business Park and IP licensing.

⁽³⁾

Planned Declining Businesses are product lines where the decision has been made to stop new product development and manage an orderly expected decline in the installed product and annuity base. These product families consist of Consumer Inkjet in the Consumer and Film segment, Versamark in the Enterprise Inkjet Systems segment and Digimaster in the Print Systems segment.

Geography⁽¹⁾:

	Year Ended
	December 31, 2018
	Print Systems		Enterprise Inkjet Systems		Software & Solutions		Consumer & Film		Advanced Materials and 3D Printing Technology		Eastman Business Park		Total
United States	$	234	$	45	$	29	$	125	$	4	$	17	$	454
Canada		13		1		4		3		—		—		21
North America		247		46		33		128		4		17		475
Europe, Middle East and Africa		367		56		22		20		—		—		465
Asia Pacific		226		31		25		41		—		—		323
Latin America		55		3		4		—		—		—		62
Total Sales	$	895	$	136	$	84	$	189	$	4	$	17	$	1,325

⁽¹⁾

Sales are reported in the geographic area in which they originate. No non-U.S. country generated more than 10% of net sales in the year ended December 31, 2018.

Contract Balances

The timing of revenue recognition, billings and cash collections results in billed trade receivables, unbilled receivables (contract assets), and customer advances and deposits (contract liabilities) in the Consolidated Statement of Financial Position. The contract assets are transferred to trade receivables when the rights to consideration become unconditional. The amounts recorded for contract assets at December 31, 2018 and 2017 were $3 million and $2 million, respectively, and are reported in Other current assets and Trade receivables, respectively, in the Consolidated Statement of Financial Position. The contract liabilities primarily relate to prepaid service contracts, upfront payments for certain equipment purchases or prepaid royalties on intellectual property arrangements. The amounts recorded for contract liabilities at December 31, 2018 and 2017 were $48 million and $35 million, respectively, of which $42 million and $35 million, respectively, are reported in Other current liabilities and $6 million and $0 million, respectively, are reported in Other long-term liabilities in the Consolidated Statement of Financial Position.

Revenue recognized for the twelve months ended December 31, 2018 that was included in the contract liability balance at the beginning of the year was $34 million and primarily represented revenue from prepaid service contracts and equipment revenue recognition. Contract liabilities as of December 31, 2018 include $36 million of cash payments received during the twelve months ended December 31, 2018.

Note 15 - Other Operating Expense (Income), Net

12 Months Ended

Dec. 31, 2018

Other Operating Expense (Income) [Text Block]

NOTE 15: OTHER OPERATING EXPENSE (INCOME), NET

	Year Ended December 31,
(in millions)	2018			2017
Expense (income):
Korea withholding tax refund⁽¹⁾	$	16		$	—
Gains related to the sales of assets		(13	)		(8	)
Legal reserve changes		(6	)		—
Asset impairments⁽²⁾ ^{(3) (4)}		13			24
Prosper asset remeasurement ⁽⁵⁾		—			12
Other		(1	)		—
Total	$	9		$	28

⁽¹⁾

Refer to Note 17, “Income Taxes”, section, “IRS and Korean National Tax Service Agreement”.

⁽²⁾

In the fourth quarter of 2018, Kodak recorded an impairment charge of $13 million related to the Kodak trade name. Refer to Note 5, “Goodwill and Other Intangible Assets.”

⁽³⁾

In the fourth quarter of 2017, Kodak recorded an impairment charge of $2 million related to the Kodak trade name. Refer to Note 5, “Goodwill and Other Intangible Assets.”

⁽⁴⁾

In the third quarter of 2017, due to canceling its copper mesh touch screen program, Kodak concluded that the carrying value of property, plant and equipment (PP&E) and intangible assets associated with those operations exceeded their fair value. Kodak recorded pre-tax impairment charges in the three months ended September 30, 2017 of $8 million related to the PP&E and $12 million for the intangible assets.

⁽⁵⁾

In the first quarter of 2017, Kodak reduced the carrying value of Prosper fixed assets ($8 million) and intangible assets ($4 million) to the amount that would have been recorded if the Prosper assets, which were previously presented as held for sale, had been continuously classified as held and used.

Note 16 - Other (Income) Charges, Net

12 Months Ended

Dec. 31, 2018

Other Nonoperating Income and Expense [Text Block]

NOTE 16: OTHER (INCOME) CHARGES, NET

	Year Ended December 31,
(in millions)	2018		2017
Loss on foreign exchange transactions	$	16	$	9
Change in fair value of embedded conversion features derivative ⁽¹⁾		—		(47	)
Interest income		—		(4	)
Other		1		5
Total	$	17	$	(37	)

⁽¹⁾

Refer to Note 13, “Financial Instruments”.

Note 17 - Income Taxes

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

NOTE 17: INCOME TAXES

The 2017 Tax Act was enacted on December 22, 2017. The 2017 Tax Act reduced the U.S. federal corporate income tax rate to 21 percent from 35 percent, required companies to pay a one-time transition tax on earnings of certain foreign subsidiaries that were previously tax deferred and created new taxes on certain foreign-sourced earnings. In 2017 and through December 22, 2018, Kodak recorded provisional amounts for certain enactment-date effects of the 2017 Tax Act because it had not yet completed the enactment-date accounting for these effects. Kodak recorded the following impacts:

Reduction of the U.S. Corporate Income Tax Rate

Kodak’s deferred tax assets and liabilities were remeasured to reflect the reduction in the U.S. corporate income tax rate from 35 percent to 21 percent, resulting in a $202 million decrease in the Kodak’s net deferred tax assets for the year ended December 31, 2017. This reduction in deferred tax assets was mainly offset by Kodak’s U.S. valuation allowance except for the impact on deferred tax liabilities related to the goodwill and the Kodak tradename, which resulted in a benefit of approximately $7 million. An adjustment made to the provisional amount allowed under SAB 118 was identified and recorded as a discrete adjustment during the year ended December 31, 2018 and was immaterial.

Transition Tax on Foreign Earnings

Kodak recognized a provisional income tax expense of $14 million for the year ended December 31, 2017 related to the one-time transition tax on certain foreign earnings which will be offset by the utilization of foreign tax credits. Upon further analysis of the 2017 Tax Act, Notices and Regulations issued and proposed by the U.S. Department of the Treasury and the Internal Revenue Service, Kodak finalized its calculations of the transition tax liability in the year ended December 31, 2018 resulting in no net tax provision.

The 2017 Tax Act subjects a U.S. shareholder to tax on global intangible low-taxed income (“GILTI”) earned by certain foreign subsidiaries. Under the 2017 Tax Act, an entity can make an accounting policy election to either recognize deferred taxes for temporary basis differences expected to reverse as GILTI in future years or to provide for the tax expense related to GILTI in the year the tax is incurred as a period expense. Kodak was still evaluating the GILTI provisions as of December 31, 2017, therefore no GILTI-related deferred amount was recorded as of the year ended December 31, 2017. As of the year ended December 31, 2018, Kodak has elected to account for GILTI as a period cost in the year the tax is incurred.

The SEC staff issued SAB 118 to address the application of U.S. GAAP in situations when a registrant does not have the necessary information available, prepared, or analyzed (including computations) in reasonable detail to complete the accounting for certain income tax effects of the 2017 Tax Act. Kodak recognized the provisional tax impacts related to deemed repatriated earnings and the re-measurement of deferred tax assets and liabilities to the extent needed and included these amounts in its consolidated financial statements through December 22, 2018, the end of the measurement period for purposes of SAB 118. Kodak completed its analysis based on legislative updates relating to the 2017 Tax Act available by the end of 2018 resulting in adjustments which were fully offset by Kodak’s U.S. valuation allowance, resulting in no net tax provision or (benefit).

The components of Loss from continuing operations before income taxes and the related benefit for U.S. and other income taxes were as follows (in millions):

	Year Ended December 31,
	2018			2017
(Loss) earnings from continuing operations before income taxes:
U.S.	$	(46	)	$	(59	)
Outside the U.S.		33			33
Total	$	(13	)	$	(26	)
U.S. income taxes:
Current (benefit) provision	$	(30	)	$	1
Deferred provision (benefit)		1			(31	)
Income taxes outside the U.S.:
Current provision		4			6
Deferred provision benefit		21			(95	)
State and other income taxes:
Current benefit		—			(1	)
Total provision	$	(4	)	$	(120	)

The differences between income taxes computed using the U.S. federal income tax rate and the benefit for income taxes for continuing operations were as follows (in millions):

	Year Ended December 31,
	2018			2017
Amount computed using the statutory rate	$	(3	)	$	(9	)
Increase (reduction) in taxes resulting from:
Unremitted foreign earnings		2			2
Impact of goodwill and intangible impairments		—			(21	)
Operations outside the U.S.		28			14
Legislative tax law and rate changes		7			150
Valuation allowance		(18	)		(266	)
Tax settlements and adjustments, including interest		(33	)		(11	)
Discharge of debt and other reorganization related items		13			39
Embedded derivative liability conversion		—			(17	)
Other, net		—			(1	)
Benefit from income taxes	$	(4	)	$	(120	)

IRS and Korean National Tax Service Agreement

In June 2012, Kodak filed a Request for Competent Authority Assistance with the United States Internal Revenue Service (IRS). The request related to a potential double taxation issue with respect to patent licensing royalty payments received by Kodak in 2010. In October 2018, an agreement was reached by the IRS and Korean National Tax Service, resulting in a partial refund of Korean withholding taxes in the amount of $32 million. Kodak had previously agreed with the licensee that made the royalty payments that any refunds of the related Korean withholding taxes would be shared equally between Kodak and the licensee. Kodak received the $16 million net payment in the fourth quarter of 2018. The full $32 million refund was reflected as an income tax benefit in the fourth quarter of 2018. The $16 million payment to the licensee was reported in other operating expenses, resulting in a net benefit to net income of $16 million.

The significant components of deferred tax assets and liabilities were as follows (in millions):

	As of December 31,
	2018		2017
Deferred tax assets
Pension and postretirement obligations	$	62	$	96
Restructuring programs		1		1
Foreign tax credit		357		343
Inventories		9		10
Investment tax credit		48		58
Employee deferred compensation		23		25
Depreciation		64		68
Research and development costs		67		80
Tax loss carryforwards		338		307
Other deferred revenue		1		4
Other		69		73
Total deferred tax assets	$	1,039	$	1,065

Deferred tax liabilities
Leasing	$	2	$	2
Goodwill/intangibles		16		16
Unremitted foreign earnings		22		20
Total deferred tax liabilities		40		38
Net deferred tax assets before valuation allowance		999		1,027
Valuation allowance		853		856
Net deferred tax assets	$	146	$	171

Deferred tax assets (liabilities) are reported in the following components within the Consolidated Statement of Financial Position (in millions):

	As of December 31,
	2018			2017
Deferred income taxes	$	160		$	187
Other long-term liabilities		(14	)		(16	)
Net deferred tax assets	$	146		$	171

As of December 31, 2018, Kodak had available domestic and foreign NOL carry-forwards for income tax purposes of approximately $1,503 million, of which approximately $746 million have an indefinite carry-forward period. The remaining $757 million expire between the years 2019 and 2037. As of December 31, 2018, Kodak had unused foreign tax credits and investment tax credits of $357 million and $48 million, respectively, with various expiration dates through 2033.

Utilization of post-emergence NOL carry-forwards and tax credits may be subject to limitations in the event of significant changes in stock ownership of the Company in the future. Section 382 of the Internal Revenue Code of 1986, as amended, imposes annual limitations on the utilization of NOL carryforwards, other tax carryforwards, and certain built-in losses as defined under that Section, upon an ownership change. In general terms, an ownership change may result from transactions that increase the aggregate ownership of certain stockholders in Kodak’s stock by more than 50 percentage points over a three-year testing period.

The 2017 Tax Act includes a one-time transition tax on the mandatory deemed repatriation of cumulative foreign earnings as of December 31, 2017. The one-time transition tax as of December 31, 2017 resulted in the recognition of a previously recorded deferred tax liability on the undistributed foreign earnings of $56 million (net of related foreign tax credits) and was fully offset by Kodak’s U.S. valuation allowance, resulting in no net tax benefit. Kodak had deferred tax liabilities of $22 million and $20 million for potential taxes on the undistributed earnings, including foreign withholding taxes, as of December 31, 2018 and 2017, respectively.

Kodak’s valuation allowance as of December 31, 2018 was $853 million. Of this amount, $155 million was attributable to Kodak’s net deferred tax assets outside the U.S. of $323 million, and $698 million related to Kodak’s net deferred tax assets in the U.S. of $676 million, for which Kodak believes it is not more likely than not that the assets will be realized.

During 2018, Kodak determined that it was more likely than not that a portion of the deferred tax assets outside the U.S. would be realized as a result of increased profits in locations outside the U.S. and accordingly recorded a benefit of $4 million associated with the release of a valuation allowance on those deferred tax assets. Additionally, during 2018, Kodak determined that it was more likely than not that a portion of the deferred tax assets outside the U.S. would not be realized due to reduced sales volumes in a location outside the U.S. and accordingly recorded a provision of $15 million associated with the establishment of a valuation allowance on those deferred tax assets.

Kodak’s valuation allowance as of December 31, 2017 was $856 million. Of this amount, $159 million was attributable to Kodak’s net deferred tax assets outside the U.S. of $352 million, and $697 million related to Kodak’s net deferred tax assets in the U.S. of $675 million, for which Kodak believes it is not more likely than not that the assets will be realized.

During 2017, Kodak determined that it was more likely than not that a portion of the deferred tax assets outside the U.S. would be realized as a result of increased profits in a location outside the U.S. and accordingly, recorded a benefit of $101 million associated with the release of a valuation allowance on those deferred tax assets. Additionally, during 2017, Kodak determined that it was more likely than not that a portion of the deferred tax assets outside the U.S. would not be realized due to reduced manufacturing volumes negatively impacting profitability in a location outside the U.S. and accordingly, recorded a provision of $7 million associated with the establishment of a valuation allowance on those deferred tax assets.

The net deferred tax assets in excess of the valuation allowance of approximately $146 million and $171 million as of December 31, 2018 and December 31, 2017, respectively, relate primarily to NOL carry-forwards, certain tax credits, and pension related tax benefits for which Kodak believes it is more likely than not that the assets will be realized.

Accounting for Uncertainty in Income Taxes

A reconciliation of the beginning and ending amount of Kodak’s liability for income taxes associated with unrecognized tax benefits is as follows

(in millions):

	Year Ended December 31,
	2018			2017
Balance as of January 1	$	61		$	84
Tax positions related to the current year:
Additions		—			7
Tax positions related to prior years:
Additions		1			6
Reductions		(5	)		(28	)
Settlements with taxing jurisdictions		—			(4	)
Lapses in statute of limitations		—			(4	)
Balance as of December 31	$	57		$	61

Kodak’s policy regarding interest and/or penalties related to income tax matters is to recognize such items as a component of income tax (benefit) expense. Kodak had approximately $16 million and $17 million of interest and penalties associated with uncertain tax benefits accrued as of December 31, 2018 and 2017, respectively.

Kodak had uncertain tax benefits of approximately $26 and $29 million as of December 31, 2018 and 2017, respectively, that, if recognized, would affect the effective income tax rate. Kodak has classified certain income tax liabilities as current or noncurrent based on management’s estimate of when these liabilities will be settled. The current liabilities are recorded in Other current liabilities in the Consolidated Statement of Financial Position. Noncurrent income tax liabilities are recorded in Other long-term liabilities in the Consolidated Statement of Financial Position.

It is reasonably possible that the liability associated with Kodak’s unrecognized tax benefits will increase or decrease within the next twelve months. These changes may be the result of settling ongoing audits or the expiration of statutes of limitations. Such changes to the unrecognized tax benefits could range from $0 to $15 million based on current estimates. Audit outcomes and the timing of audit settlements are subject to significant uncertainty. Although management believes that adequate provision has been made for such issues, there is the possibility that the ultimate resolution of such issues could have an adverse effect on the earnings of Kodak. Conversely, if these issues are resolved favorably in the future, the related provision would be reduced, thus having a positive impact on earnings.

During 2018, Kodak agreed to terms with a tax authority outside of the U.S. and settled audit issues related to calendar years 2006-2007. Kodak originally recorded liabilities for uncertain tax positions (“UTPs”) totaling $1 million (plus interest of approximately $1 million). The settlement resulted in a reduction in Other current liabilities in the Consolidated Statement of Financial Position and other taxes and the recognition of a $2 million tax benefit.

The 2017 Tax Act corporate tax rate decrease from 35% to 21% resulted in the re-measurement of UTPs, reducing a reserve held in the U.S. by approximately $22 million. UTPs are presented in the financial statements as a reduction to deferred tax assets for a NOL carryforward, a similar tax loss or a tax credit carryforward. As a result, the reduction of this UTP has been recorded as a reduction in Kodak’s deferred tax asset and is fully offset by valuation allowance, therefore there is no net tax provision associated with this change.

During 2017, Kodak agreed to terms with a tax authority outside of the U.S. and settled audits for calendar years 2008 through 2012. For these years, Kodak originally recorded liabilities for a UTP totaling $6 million (plus interest of approximately $2 million). The settlement resulted in a reduction in Other current liabilities in the Consolidated Statement of Financial Position and the recognition of a $1 million tax benefit.

Kodak is subject to taxation and files income tax returns in the U.S. federal jurisdiction and in many state and foreign jurisdictions. Kodak has substantially concluded all U.S. federal and state income tax matters for years through 2012 with respective tax authorities. Kodak is currently under examination by the Internal Revenue Service for years 2013 and 2014. With respect to countries outside the U.S., Kodak has substantially concluded all material foreign income tax matters through 2011 with respective foreign tax jurisdiction authorities.

Note 18 - Restructuring Costs and Other

12 Months Ended

Dec. 31, 2018

Restructuring And Related Activities [Abstract]

Restructuring Costs and Other Disclosure [Text Block]

NOTE 18: RESTRUCTURING COSTS AND OTHER

Kodak recognizes the need to continually rationalize its workforce and streamline its operations in the face of ongoing business and economic changes. Charges for restructuring initiatives are recorded in the period in which Kodak commits to a formalized restructuring plan, or executes the specific actions contemplated by the plan and all criteria for liability recognition under the applicable accounting guidance have been met.

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, 2018 were as follows (in millions):

	Severance Reserve⁽¹⁾			Exit Costs Reserve⁽¹⁾			Long-lived Asset Impairments and Inventory Write-downs ⁽¹⁾			Total
Balance as of December 31, 2016		5			3			—			8
Charges		26			3			9			38
Utilization/cash payments		(13	)		(2	)		(9	)		(24	)
Other adjustments & reclasses ⁽²⁾		(12	)		—			—			(12	)
Balance as of December 31, 2017		6			4			—			10
Charges		17			—			—			17
Utilization/cash payments		(12	)		(2	)		—			(14	)
Other adjustments & reclasses ⁽³⁾		(5	)		—			—			(5	)
Balance as of December 31, 2018	$	6		$	2		$	—		$	8

⁽¹⁾	The severance and exit costs reserves require the outlay of cash, while long-lived asset impairments, accelerated depreciation and inventory write-downs represent non-cash items.

⁽²⁾	The $(12) million includes $(13) million of severance charges funded from pension plan assets, which were reclassified to Pension and other postretirement liabilities, and $1 million of foreign currency translation adjustments.

⁽³⁾	The $(5) million represents severance charges funded from pension plan assets, which were reclassified to Pension and other postretirement liabilities.

2017 Activity

Restructuring actions taken in 2017 were initiated to reduce Kodak’s cost structure as part of its commitment to drive sustainable profitability and included actions associated with the Prosper business cost reduction, voluntary workforce transition plans in the U.S., an office closure in Switzerland, the cancellation of the copper touch screen program, as well as various targeted reductions in manufacturing, service, sales, research and development and other administrative functions.

As a result of these actions, for the year ended December 31, 2017 Kodak recorded $38 million of charges, including $7 million for inventory write-downs which was reported in Cost of revenues and $31 million which was reported as Restructuring costs and other in the accompanying Consolidated Statement of Operations.

The 2017 severance costs related to the elimination of approximately 475 positions, including approximately 225 administrative, 150 manufacturing/service, and 100 research and development positions. The geographic composition of these positions included approximately 325 in the U.S. and Canada, and 150 throughout the rest of the world.

2018 Activity

Restructuring actions taken in 2018 were initiated to reduce Kodak’s cost structure as part of its commitment to drive sustainable profitability and included cost rationalization in France, consolidation of R&D sites in Israel, EPS manufacturing cost reductions in Germany, and various targeted reductions in manufacturing, service, sales, research and development, and other administrative functions.

As a result of these actions, for the year ended December 31, 2018 Kodak recorded $17 million of charges which were reported as Restructuring costs and other in the accompanying Consolidated Statement of Operations.

The 2018 severance costs related to the elimination of approximately 285 positions, including approximately 115 administrative, 100 manufacturing/service, and 70 research and development positions. The geographic composition of these positions included approximately 130 in the U.S. and Canada, and 155 throughout the rest of the world.

As a result of these initiatives, approximately $2 million of the severance charges will be paid during periods through the end of 2019. The remainder of the severance payments will be completed by the end of the first half of 2019. The exit cost reserves primarily relate to long-term lease payments, will be paid throughout 2019 and beyond.

Note 19 - Retirement Plans

12 Months Ended

Dec. 31, 2018

Pension and Other Postretirement Benefits Disclosure [Text Block]

NOTE 19: RETIREMENT PLANS

Substantially all U.S. employees are covered by a noncontributory defined benefit plan, the Kodak Retirement Income Plan (“KRIP”), which is funded by Company contributions to an irrevocable trust fund. The funding policy for KRIP is to contribute amounts sufficient to meet minimum funding requirements as determined by employee benefit and tax laws plus any additional amounts the Company determines to be appropriate. Assets in the trust fund are held for the sole benefit of participating employees and retirees. They are composed of corporate equity and debt securities, U.S. government securities, partnership investments, interests in pooled funds, commodities, real estate, and various types of interest rate, foreign currency, debt, and equity market financial instruments.

For U.S. employees hired prior to March 1999, KRIP’s benefits were generally based on a formula recognizing length of service and final average earnings. KRIP included a separate cash balance formula for all U.S. employees hired after February 1999, as well as employees hired prior to that date who opted in to the cash balance formula during a special election period. Effective January 1, 2015 the KRIP was amended to provide that all participants accrue benefits under a single, revised cash balance formula (the “Cash Balance Plan”). The Cash Balance Plan credits employees' hypothetical accounts with an amount equal to either 7% or 8% of their pay, plus interest based on the 30-year Treasury bond rate.

Many subsidiaries and branches operating outside the U.S. have defined benefit retirement plans covering substantially all employees. Contributions by Kodak for these plans are typically deposited under government or other fiduciary-type arrangements. Retirement benefits are generally based on contractual agreements that provide for benefit formulas using years of service and/or compensation prior to retirement. The actuarial assumptions used for these plans reflect the diverse economic environments within the various countries in which Kodak operates.

Information on the major funded and unfunded U.S. and Non-U.S. defined benefit pension plans is presented below. The composition of the major plans may vary from year to year. If the major plan composition changes, prior year data is conformed to ensure comparability.

The measurement date used to determine the pension obligation for all funded and unfunded U.S. and Non-U.S. defined benefit plans is December 31.

	Year Ended December 31, 2018						Year Ended December 31, 2017
(in millions)	U.S.			Non-U.S.			U.S.			Non-U.S.
Change in Benefit Obligation
Projected benefit obligation at beginning of period	$	3,866		$	885		$	3,908		$	816
Service cost		13			3			12			3
Interest cost		109			12			115			12
Benefit payments		(414	)		(50	)		(352	)		(48	)
Actuarial (gain) loss		(174	)		—			170			37
Special termination benefits		5			—			13			—
Currency adjustments		—			(16	)		—			65
Projected benefit obligation at end of period	$	3,405		$	834		$	3,866		$	885

Change in Plan Assets
Fair value of plan assets at beginning of period	$	3,804		$	722		$	3,653		$	693
Gain on plan assets		55			5			503			27
Employer contributions		—			4			—			5
Benefit payments		(414	)		(50	)		(352	)		(48	)
Currency adjustments		—			(10	)		—			45
Fair value of plan assets at end of period	$	3,445		$	671		$	3,804		$	722

Over (under) funded status at end of period	$	40		$	(163	)	$	(62	)	$	(163	)

Accumulated benefit obligation at end of period	$	3,403		$	824		$	3,864		$	874

Amounts recognized in the Consolidated Statement of Financial Position for all major funded and unfunded U.S. and Non-U.S. defined benefit plans are as follows (in millions):

	As of December 31,
	2018					2017
	U.S.		Non-U.S.			U.S.			Non-U.S.
Other long-term assets	$	40	$	32		$	—		$	35
Pension and other postretirement liabilities		—		(195	)		(62	)		(198	)
Net amount recognized	$	40	$	(163	)	$	(62	)	$	(163	)

Information with respect to the major funded and unfunded U.S. and Non-U.S. defined benefit plans with an accumulated benefit obligation in excess of plan assets is as follows (in millions):

	As of December 31,
	2018				2017
	U.S.		Non-U.S.		U.S.		Non-U.S.
Projected benefit obligation	$	—	$	578	$	3,866	$	617
Accumulated benefit obligation		—		568		3,864		606
Fair value of plan assets		—		382		3,804		419

Amounts recognized in accumulated other comprehensive (loss) income for all major funded and unfunded U.S. and Non-U.S. defined benefit plans consist of (in millions):

	As of December 31,
	2018						2017
	U.S.			Non-U.S.			U.S.			Non-U.S.
Prior service credit	$	27		$	3		$	36		$	3
Net actuarial loss		(258	)		(126	)		(271	)		(110	)
Total	$	(231	)	$	(123	)	$	(235	)	$	(107	)

Other changes in major plan assets and benefit obligations recognized in Other comprehensive income (expense) are as follows (in millions):

	Year Ended December 31,
	2018						2017
	U.S.			Non-U.S.			U.S.			Non-U.S.
Newly established gain (loss)	$	6		$	(21	)	$	90		$	(37	)
Amortization of:
Prior service credit		(7	)		—			(7	)		—
Net actuarial loss		5			5			—			3
Total (loss) income recognized in Other comprehensive income	$	4		$	(16	)	$	83		$	(34	)

The Company expects to recognize $7 million of prior service credits and $5 million of net actuarial losses as components of net periodic benefit cost over the next year.

Pension income for all defined benefit plans included (in millions):

	Year Ended December 31,
	2018						2017
	U.S.			Non-U.S.			U.S.			Non-U.S.
Major defined benefit plans:
Service cost	$	13		$	3		$	12		$	3
Interest cost		109			12			115			12
Expected return on plan assets		(223	)		(26	)		(243	)		(27	)
Amortization of:
Prior service credit		(7	)		—			(7	)		—
Actuarial loss		5			5			—			3
Pension income before special termination benefits		(103	)		(6	)		(123	)		(9	)
Special termination benefits		5			—			13			—
Net pension income for major defined benefit plans		(98	)		(6	)		(110	)		(9	)
Other plans including unfunded plans		—			(4	)		—			—
Net pension income	$	(98	)	$	(10	)	$	(110	)	$	(9	)

The pension income before special termination benefits reported above for the years ended December 31, 2018 and 2017 each include $1 million which is reported as Loss from discontinued operations.

The special termination benefits of $5 million and $13 million for the years ended December 31, 2018 and 2017, respectively, were incurred as a result of Kodak's restructuring actions and, therefore, have been included in Restructuring costs and other in the Consolidated Statement of Operations for those periods.

The weighted-average assumptions used to determine the benefit obligation amounts for all major funded and unfunded U.S. and Non-U.S. defined benefit plans were as follows:

	Year Ended December 31,
	2018						2017
	U.S.			Non-U.S.			U.S.			Non-U.S.
Discount rate		4.04	%		2.05	%		3.34	%		1.90	%
Salary increase rate		3.50	%		2.06	%		3.50	%		2.17	%

The weighted-average assumptions used to determine net pension (income) expense for all the major funded and unfunded U.S. and Non-U.S. defined benefit plans were as follows:

	Year Ended December 31,
	2018						2017
	U.S.			Non-U.S.			U.S.			Non-U.S.
Effective rate for service cost		3.33	%		2.32	%		3.68	%		2.66	%
Effective rate for interest cost		2.96	%		1.70	%		3.06	%		1.56	%
Salary increase rate		3.50	%		2.17	%		3.43	%		2.09	%
Expected long-term rate of return on plan assets		6.40	%		3.98	%		7.00	%		4.21	%

Plan Asset Investment Strategy

The investment strategy underlying the asset allocation for the pension assets is to achieve an optimal return on assets with an acceptable level of risk while providing for the long-term liabilities and maintaining sufficient liquidity to pay current benefits and other cash obligations of the plans. This is primarily achieved by investing in a broad portfolio constructed of various asset classes including equity and equity-like investments, debt and debt-like investments, real estate, private equity and other assets and instruments. Long duration bonds and Treasury bond futures are used to partially match the long-term nature of plan liabilities. Other investment objectives include maintaining broad diversification between and within asset classes and fund managers and managing asset volatility relative to plan liabilities.

Every three years, or when market conditions have changed materially, each of Kodak’s major pension plans will undertake an asset allocation or asset and liability modeling study. The asset allocation and expected return on the plans’ assets are individually set to provide for benefits and other cash obligations within each country’s legal investment constraints.

Actual allocations may vary from the target asset allocations due to market value fluctuations, the length of time it takes to implement changes in strategy, and the timing of cash contributions and cash requirements of the plans. The asset allocations are monitored and are rebalanced in accordance with the policy set forth for each plan.

The total plan assets attributable to the major U.S. defined benefit plans at as of December 31, 2018 relate to KRIP. The expected long-term rate of return on plan assets assumption (“EROA”) is based on a combination of formal asset and liability studies that include forward-looking return expectations given the current asset allocation. A review of the EROA as of December 31, 2018, based upon the current asset allocation and forward-looking expected returns for the various asset classes in which KRIP invests, resulted in an EROA of 6.50%.

As with KRIP, the EROA assumptions for certain of Kodak’s other pension plans were reassessed as of December 31, 2018. The weighted average annual expected return on plan assets for the major non-U.S. pension plans was 3.86% based on the plans’ respective asset allocations as of December 31, 2018.

Plan Asset Risk Management

Kodak evaluates its defined benefit plans’ asset portfolios for the existence of significant concentrations of risk. Types of concentrations that are evaluated include, but are not limited to, investment concentrations in a single entity, type of industry, foreign country, and individual fund. Foreign currency contracts and swaps are used to partially hedge foreign currency risk. Additionally, Kodak’s major defined benefit pension plans invest in government bond futures and long duration investment grade bonds to partially hedge the liability risk of the plans. As of December 31, 2018 and 2017, there were no significant concentrations (defined as greater than 10% of plan assets) of risk in Kodak’s defined benefit plan assets.

The Company's weighted-average asset allocations for its major U.S. defined benefit pension plans by asset category, are as follows:

	As of December 31,
	2018			2017			2018 Target
Asset Category
Equity securities		11	%		10	%	7-13%
Debt securities		40	%		42	%	35-45%
Real estate		2	%		2	%	0-6%
Cash and cash equivalents		1	%		1	%	0-6%
Global balanced asset allocation funds		13	%		16	%	12-18%
Other		33	%		29	%	27-39%
Total		100	%		100	%

Kodak’s weighted-average asset allocations for its major Non-U.S. defined benefit pension plans by asset category, are as follows:

	As of December 31,
	2018			2017			2018 Target
Asset Category
Equity securities		3	%		3	%	0-6%
Debt securities		33	%		32	%	30-40%
Real estate		1	%		1	%	0-6%
Cash and cash equivalents		2	%		2	%	0-6%
Global balanced asset allocation funds		4	%		5	%	2-8%
Other		57	%		57	%	55-65%
Total		100	%		100	%

Fair Value Measurements

Kodak’s asset allocations by level within the fair value hierarchy at December 31, 2018 and 2017 are presented in the tables below for Kodak’s major defined benefit plans. Kodak’s plan assets are accounted for at fair value and are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement, with the exception of investments for which fair value is measured using the net asset value per share expedient. Kodak’s assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the valuation of fair value of assets and their placement within the fair value hierarchy levels.

Assets not utilizing the net asset value per share expedient are valued as follows: Equity and debt securities traded on an active market are valued using a market approach based on the closing price on the last business day of the year. Real estate investments are valued primarily based on independent appraisals and discounted cash flow models, taking into consideration discount rates and local market conditions. Cash and cash equivalents are valued utilizing cost approach valuation techniques. Other investments are valued using a combination of market, income, and cost approaches, based on the nature of the investment. Private equity investments are valued primarily based on independent appraisals, discounted cash flow models, cost, and comparable market transactions, which include inputs such as discount rates and pricing data from the most recent equity financing. Insurance contracts are primarily valued based on contract values, which approximate fair value. For investments with lagged pricing, Kodak uses the available net asset values, and also considers expected return, subsequent cash flows and relevant material events.

Major U.S. Plans

December 31, 2018

	U.S.
(in millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	—		$	—	$	—	$	50	$	50

Equity Securities		4			—		—		364		368

Debt Securities:
Government Bonds		—			—		—		1,005		1,005
Investment Grade Bonds		—			391		—		—		391

Real Estate		—			—		—		57		57

Global Balanced Asset Allocation Funds		—			—		—		438		438

Other:
Absolute Return		—			—		—		431		431
Private Equity		—			—		6		659		665
Derivatives with unrealized gains		46			—		—		—		46
Derivatives with unrealized losses		(6	)		—		—		—		(6	)
	$	44		$	391	$	6	$	3,004	$	3,445

Major U.S. Plans

December 31, 2017

	U.S.
(in millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	—		$	—	$	—	$	30	$	30

Equity Securities		60			—		—		322		382

Debt Securities:
Government Bonds		—			—		—		1,179		1,179
Investment Grade Bonds		—			421		—		—		421

Real Estate		—			—		26		68		94

Global Balanced Asset Allocation Funds		—			—		—		597		597

Other:
Absolute Return		—			—		—		489		489
Private Equity		—			—		14		601		615
Derivatives with unrealized losses		(3	)		—		—		—		(3	)
	$	57		$	421	$	40	$	3,286	$	3,804

For Kodak’s major U.S. defined benefit pension plans, equity investments are invested broadly in U.S. equity, developed international equity, and emerging markets. Fixed income investments are comprised primarily of long duration U.S. Treasuries and investment-grade corporate bonds. Real estate investments primarily include investments in limited partnerships that invest in office, industrial, retail and apartment properties. Global Balanced Asset Allocation investments are commingled funds that hold a diversified portfolio of passive market exposures, including equities, debt, currencies and commodities. Absolute return investments are comprised of a diversified portfolio of hedge funds using equity, debt, commodity, and currency strategies held separate from the derivative-linked hedge funds described later in this footnote. Private equity investments are primarily comprised of limited partnerships and fund-of-fund investments that invest in distressed investments, venture capital, leveraged buyouts and special situations. Natural resource investments in oil and gas partnerships and timber funds are also included in this category.

Major Non-U.S. Plans

December 31, 2018

	Non - U.S.
(in millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	8		$	—	$	—	$	5	$	13

Equity Securities		—			—		—		21		21

Debt Securities:
Government Bonds		—			—		—		53		53
Inflation-Linked Bonds		—			—		—		4		4
Investment Grade Bonds		—			66		—		68		134
Global High Yield & Emerging Market Debt		—			—		—		28		28

Real Estate		—			—		—		9		9

Global Balanced Asset Allocation Funds		—			—		—		27		27

Other:
Absolute Return		—			—		—		7		7
Private Equity		—			—		—		42		42
Insurance Contracts		—			333		—		—		333
Derivatives with unrealized gains		1			—		—		—		1
Derivatives with unrealized losses		(1	)		—		—		—		(1	)
	$	8		$	399	$	—	$	264	$	671

Major Non-U.S. Plans

December 31, 2017

	Non - U.S.
(in millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	6	$	—	$	—	$	5	$	11

Equity Securities		—		—		—		24		24

Debt Securities:
Government Bonds		—		—		—		79		79
Inflation-Linked Bonds		—		—		—		5		5
Investment Grade Bonds		—		62		—		76		138
Global High Yield & Emerging Market Debt		—		—		—		11		11

Real Estate		—		—		—		10		10

Global Balanced Asset Allocation Funds		—		—		—		33		33

Other:
Absolute Return		—		—		—		8		8
Private Equity		—		—		—		43		43
Insurance Contracts		—		358		—		—		358
Derivatives with unrealized gains		1		—		—		—		1
	$	7	$	420	$	—	$	294	$	721

For Kodak’s major non-U.S. defined benefit pension plans, equity investments are invested broadly in local equity, developed international and emerging markets. Fixed income investments are comprised primarily of government and investment grade corporate bonds. Real estate investments primarily include investments in limited partnerships that invest in office, industrial, and retail properties. Global Balanced Asset Allocation investments are commingled funds that hold a diversified portfolio of passive market exposures, including equities, debt, currencies and commodities. Absolute return investments are comprised of a diversified portfolio of hedge funds using equity, debt, commodity, and currency strategies held separate from the derivative-linked hedge funds described later in this footnote. Private equity investments are comprised of limited partnerships and fund-of-fund investments that invest in distressed investments, venture capital and leveraged buyouts. Insurance contracts are typically annuities from life insurance companies covering specific pension obligations.

For Kodak’s major defined benefit pension plans, certain investment managers are authorized to invest in derivatives such as futures, swaps, and currency forward contracts. Investments in derivatives are used to obtain desired exposure to a particular asset, index or bond duration and require only a portion of the total exposure to be invested as cash collateral. In instances where exposures are obtained via derivatives, the majority of the exposure value is available to be invested, and is typically invested, in a diversified portfolio of hedge fund strategies that generate returns in addition to the return generated by the derivatives. Of the December 31, 2018 investments shown in the major U.S. plans table above, 5% of the total pension assets represented equity securities exposure obtained via derivatives and are reported in equity securities, and 30% of the total pension assets represented U.S. government bond exposure with 12 years duration, obtained via derivatives and are reported in government bonds. Of the December 31, 2017 investments shown in the major U.S. plans table above, 2% of the total pension assets represented equity securities exposure obtained via derivatives and are reported in equity securities, and 31% of the total pension assets represented U.S. government bond exposure with 13 years duration, obtained via derivatives and are reported in government bonds.

Of the December 31, 2018 investments shown in the major Non-U.S. plans table above, 0% and 7% of the total pension assets represented derivative exposures to equity securities and government bonds with 5 years duration and are reported in those respective classes. Of the December 31, 2017 investments shown in the major Non-U.S. plans table above, 0% and 7% of the total pension assets represented derivative exposures to equity securities and government bonds with 7 years duration and are reported in those respective classes.

The following is a reconciliation of the beginning and ending balances of level 3 assets of Kodak’s major U.S. defined benefit pension plans:

	U.S.
			Net Realized and Unrealized Gains
(in millions)	Balance at January 1, 2018		Relating to Assets Still Held		Relating to Assets Sold During the Period		Net Purchases, Sales and Settlements			Balance at December 31, 2018
Real Estate	$	26	$	—	$	14	$	(40	)	$	—
Private Equity		14		1		—		(9	)		6
Total	$	40	$	1	$	14	$	(49	)	$	6

	U.S.
			Net Realized and Unrealized Gains
(in millions)	Balance at January 1, 2017		Relating to Assets Still Held		Relating to Assets Sold During the Period		Net Purchases, Sales and Settlements			Balance at December 31, 2017
Real Estate	$	32	$	5	$	—	$	(11	)	$	26
Private Equity		14		3		—		(3	)		14
Total	$	46	$	8	$	—	$	(14	)	$	40

The following pension benefit payments, which reflect expected future service, are expected to be paid (in millions):

	U.S.		Non-U.S.
2019	$	317	$	48
2020		306		48
2021		295		48
2022		284		47
2023		274		46
2024 - 2028		1,214		215

Note 20 - Other Postretirement Benefits

12 Months Ended

Dec. 31, 2018

Postemployment Benefits [Abstract]

Postemployment Benefits Disclosure [Text Block]

NOTE 20: OTHER POSTRETIREMENT BENEFITS

In Canada, Kodak provides medical, dental, life insurance, and survivor income benefits to eligible retirees. In the U.K., Kodak provides medical benefits to eligible retirees. The other postretirement benefit plans in Canada and the U.K. are closed to new participants. Information on the Canada and U.K. other postretirement benefit plans is presented below.

The measurement date used to determine the net benefit obligation for Kodak's other postretirement benefit plans is December 31.

Changes in Kodak’s benefit obligation and funded status were as follows (in millions):

	Year Ended December 31,
	2018			2017
Net benefit obligation at beginning of period	$	71		$	72
Interest cost		2			2
Plan participants’ contributions		1			1
Actuarial gain		(6	)		(1	)
Benefit payments		(4	)		(4	)
Currency adjustments		—			1
Net benefit obligation at end of period	$	64		$	71

Underfunded status at end of period	$	(64	)	$	(71	)

Amounts recognized in the Consolidated Statement of Financial Position consist of (in millions):

	As of December 31,
	2018			2017
Other current liabilities	$	(3	)	$	(4	)
Pension and other postretirement liabilities		(61	)		(67	)
	$	(64	)	$	(71	)

Amounts recognized in Accumulated other comprehensive loss consist of (in millions):

	As of December 31,
	2018			2017
Net actuarial gain	$	(6	)	$	—

Changes in benefit obligations recognized in Other comprehensive loss (income) consist of (in millions):

	Year Ended December 31,
	2018			2017
Newly established loss (gain)	$	(6	)	$	—
Total gain recognized in Other comprehensive (loss) income	$	(6	)	$	—

Other postretirement benefit cost included:

	Year Ended December 31,
	2018		2017
Components of net postretirement benefit cost:
Service cost	$	—	$	—
Interest cost		2		2
Other postretirement benefit cost from continuing operations	$	2	$	2

The weighted-average assumptions used to determine the net benefit obligations were as follows:

	Year Ended December 31,
	2018			2017
Discount rate		3.59	%		3.21	%
Salary increase rate		2.35	%		2.35	%

The weighted-average assumptions used to determine the net postretirement benefit cost were as follows:

	Year Ended December 31,
	2018			2017
Effective rate for interest cost		2.88	%		2.89	%
Salary increase rate		2.35	%		2.35	%

The weighted-average assumed healthcare cost trend rates used to compute the other postretirement amounts were as follows:

	2018			2017
Healthcare cost trend		5.70	%		5.36	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)		3.38	%		4.36	%
Year that the rate reaches the ultimate trend rate		2038			2022

Assumed healthcare cost trend rates effect the amounts reported for the healthcare plans. A one-percentage point change in assumed healthcare cost trend rates would have the following effects:

	1% increase		1% decrease
Effect on total service and interest cost	$	—	$	—
Effect on postretirement benefit obligation		3		(3	)

The following other postretirement benefits, which reflect expected future service, are expected to be paid (in millions):

2019	$	4
2020		3
2021		3
2022		3
2023		3
2024-2028		17

Note 21 - Earnings Per Share

12 Months Ended

Dec. 31, 2018

Earnings Per Share [Text Block]

NOTE 21: EARNINGS PER SHARE

Basic earnings per share are calculated using the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share calculations include any dilutive effect of potential common shares. In periods with a net loss from continuing operations, diluted earnings per share are calculated using weighted-average basic shares for that period, as utilizing diluted shares would be anti-dilutive to loss per share.

A reconciliation of the amounts used to calculate basic and diluted earnings per share for the years ended December 31, 2018 and 2017 follows (in millions):

	Year Ended December 31,
	2018			2017
(Loss) earnings from continuing operations attributable to Eastman Kodak Company	$	(9	)	$	93
Less: Series A convertible preferred stock cash and accrued dividends		(11	)		(11	)
Less: Series A convertible preferred stock deemed dividends		(9	)		(8	)
(Loss) earnings from continuing operations available to common shareholders - basic and diluted	$	(29	)	$	74

Net (loss) income attributable to Eastman Kodak Company	$	(16	)	$	94
Less: Series A convertible preferred stock cash and accrued dividends		(11	)		(11	)
Less: Series A convertible preferred stock deemed dividends		(9	)		(8	)
Net (loss) income available to common shareholders - basic and diluted	$	(36	)	$	75

Weighted-average common shares outstanding - basic	42.7	42.5
Effect of dilutive securities:
Unvested restricted stock units	—	0.2
Weighted-average common shares outstanding - diluted	42.7	42.7

As a result of the net loss from continuing operations available to common shareholders for the year ended December 31, 2018, Kodak calculated diluted earnings per share using weighted-average basic shares outstanding. If Kodak reported earnings from continuing operations available to common shareholders for the year ended December 31, 2018, the calculation of diluted earnings per share would have included the assumed conversion of 0.3 million unvested restricted stock units.

The computation of diluted earnings per share for the years ended December 31, 2018 and 2017 excluded the impact of (1) the assumed conversion of 2.0 million shares of Series A convertible preferred shares, and (2) the assumed conversion of 5.2 million and 4.8 million outstanding employee stock options, respectively, because they would have been anti-dilutive. In addition, the computation of diluted earnings per share for the year ended December 31, 2017 excluded the impact of (1) the assumed conversion of net share settled warrants to purchase 1.8 million shares of common stock at an exercise price of $14.93 and (2) the assumed conversion of net share settled warrants to purchase 1.8 million shares of common stock at an exercise price of $16.12 because they would have been anti-dilutive. The warrants terminated at the close of business on September 3, 2018.

Note 22 - Stock-based Compensation

12 Months Ended

Dec. 31, 2018

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

NOTE 22: STOCK-BASED COMPENSATION

Kodak’s stock incentive plan is the 2013 Omnibus Incentive Plan (the “2013 Plan”). The 2013 Plan is administered by the Executive Compensation Committee of the Board of Directors.

Officers, directors and employees of the Company and its consolidated subsidiaries are eligible to receive awards. Stock options are generally non-qualified, are at exercise prices equal to or greater than the closing price of Kodak’s stock on the date of grant and expire seven years after the grant date. Stock-based compensation awards granted under Kodak’s stock incentive plan are generally subject to a three-year vesting period from the date of grant, or a later date as determined by the Executive Compensation Committee. Awards are subject to settlement in newly-issued shares of common stock. Unless sooner terminated by the Executive Compensation Committee, no awards may be granted under the 2013 Plan after May 22, 2028.

The maximum number of shares of common stock that may be issued under the 2013 Plan is approximately 5.8 million. In addition, under the 2013 Plan, the maximum number of shares available for the grant of incentive stock options is 2.0 million shares. The maximum number of shares as to which stock options or stock appreciation rights may be granted to any one person under the 2013 Plan in any calendar year is 2.0 million shares. The maximum number of performance-based compensation awards that may be granted to any one employee under the 2013 Plan in any calendar year is 1.0 million shares or, in the event such award is paid in cash, $2.5 million. The maximum number of awards that may be granted to any non-employee director under the 2013 Plan in any calendar year may not exceed a number of awards with a grant date fair value of $900,000, computed as of the grant date.

Compensation expense is recognized on a straight-line basis over the service or performance period for each separately vesting tranche of the award and is adjusted for actual forfeitures before vesting. Kodak assesses the likelihood that performance-based shares will be earned based on the probability of meeting the performance criteria. For those performance-based awards that are deemed probable of achievement, expense is recorded, and for those awards that are deemed not probable of achievement, no expense is recorded. Kodak assesses the probability of achievement each quarter.

Restricted Stock Units

Restricted stock units are payable in shares of the Company common stock upon vesting. The fair value is based on the closing market price of the Company’s stock on the grant date. Compensation cost related to restricted stock units was $2 million and $4 million for the years ended December 31, 2018 and 2017, respectively.

The weighted average grant date fair value of restricted stock unit awards granted for the years ended December 31, 2018 and 2017 was $3.66 and $9.20, respectively. The total fair value of restricted stock units that vested was $3 million and $7 million for the years ended December 31, 2018 and 2017, respectively. As of December 31, 2018, there was $1 million of unrecognized compensation cost related to restricted stock units. The cost is expected to be recognized over a weighted average period of 1.5 years.

The following table summarizes information about restricted stock unit activity for the year ended December 31, 2018:

	Number of Restricted Stock Units		Weighted-Average Grant Date Fair Values
Outstanding on December 31, 2017		468,681	$	12.21
Granted		785,545	$	3.66
Vested		270,952	$	12.39
Forfeited		279,526	$	6.88
Outstanding on December 31, 2018		703,748	$	4.72

Stock Options

The following table summarizes information about stock option activity for the year ended December 31, 2018:

	Shares Under Option		Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value ($ millions)
Outstanding on December 31, 2017		4,807,855	$	14.30
Granted		1,115,791	$	8.45
Forfeited		727,709	$	8.58
Outstanding on December 31, 2018		5,195,937	$	13.85	4.98		—
Exercisable on December 31, 2018		2,748,006	$	15.65	4.23		—
Expected to vest December 31, 2018		2,447,931	$	11.81	5.82		—

The aggregate intrinsic value represents the total pretax intrinsic value that option holders would have received had all option holders exercised their options on the last trading day of the year. The aggregate intrinsic value is the difference between the Kodak closing stock price on the last trading day of the year and the exercise price, multiplied by the number of in-the-money options.

There was no intrinsic value of options outstanding, exercisable or expected to vest due to the fact that the market price of the Company’s common stock as of December 31, 2018 and 2017 was below the weighted average exercise price of options. There were no options exercised in 2018 or 2017.

The weighted average grant date fair value of options granted for the years ended December 31, 2018 and 2017 was $2.47 and $2.26, respectively. The total fair value of options that vested during the years ended December 31, 2018 and 2017 was $5 million and $4 million, respectively. Compensation cost related to stock options for the years ended December 31, 2018 and 2017 was $4 million and $5 million, respectively.

As of December 31, 2018, there was $2.4 million of unrecognized compensation cost related to stock options. The cost is expected to be recognized over a weighted average period of 1.4 years.

Kodak utilizes the Black-Scholes option valuation model to estimate the fair value of stock options. Public trading of the Company’s common stock began on September 23, 2013, providing limited historical data upon which to base assumptions. The expected term of options granted is the period of time the options are expected to be outstanding and is calculated using a simplified method based on the option’s vesting period and original contractual term. The Company uses only the historical volatility of the Company’s stock to estimate expected volatility. The risk-free rate was based on the yield on U.S. Treasury notes with a term equal to the option’s expected term.

The following inputs were used for the valuation of option grants issued in each year:

	Year Ended December 31,
	2018		2017
Weighted-average fair value of options granted	$	2.45	$	2.26
Weighted-average risk-free interest rate	2.70%		1.77%
Range of risk-free interest rates	2.59% - 2.95%		1.64% - 2.11%
Weighted-average expected option lives	4.5 years		4.5 years
Expected option lives	4.4 - 4.5 years		4.5 years
Weighted-average volatility	81%		46%
Range of expected volatilities	80% - 83%		46% - 49%
Weighted-average expected dividend yield	0.00%		0.00%

Note 23 - Shareholders' Equity

12 Months Ended

Dec. 31, 2018

Stockholders' Equity Note Disclosure [Text Block]

NOTE 23: SHAREHOLDERS’ EQUITY

The Company has 560 million shares of authorized stock, consisting of: (i) 500 million shares of common stock, par value $0.01 per share and (ii) 60 million shares of preferred stock, no par value, issuable in one or more series. As of December 31, 2018 there were 42.8 million shares of common stock outstanding and 2.0 million shares of Series A preferred stock issued and outstanding. As of December 31, 2017 there were 42.6 million shares of common stock outstanding and 2.0 million shares of Series A preferred stock issued and outstanding.

Net Share Settled Warrants

Upon emergence from bankruptcy in September 2013, the Company issued to the holders of general unsecured claims and the retiree settlement unsecured claim net-share settled warrants to purchase: (i) 2.1 million shares of common stock at an exercise price of $14.93 and (ii) 2.1 million shares of common stock at an exercise price of $16.12. The warrants were classified as equity instruments and reported within Additional paid in capital in the Consolidated Statement of Financial Position at their fair value at emergence ($24 million). The warrants terminated at the close of business on September 3, 2018.

Treasury Stock

During the years ended December 31, 2018 and 2017, the Company repurchased shares of common stock for $0 million and $1 million, respectively, to satisfy tax withholding obligations in connection with the issuance of stock to employees under the 2013 Plan. Treasury stock consisted of approximately 0.6 million shares at both December 31, 2018 and 2017.

Backstop Registration Rights Agreement

Upon emergence from bankruptcy on September 3, 2013 (“Effective Date”), the Company and GSO Capital Partners LP, on behalf of various managed funds, BlueMountain Capital Management, LLC, on behalf of various managed funds, George Karfunkel, United Equities Commodities Company, Momar Corporation and Contrarian Capital Management, LLC, on behalf of Contrarian Funds, LLC (collectively, the “Backstop Parties”) executed a registration rights agreement (the “Backstop Registration Rights Agreement”). The Backstop Registration Rights Agreement, among other rights, provides the Backstop Parties with certain registration rights with respect to common stock offered to the Backstop Parties (and other eligible creditors) as part of a rights offering (the “Backstop registrable securities”). A portion of the shares issued in the rights offerings are restricted securities for purposes of Rule 144 under the Securities Act of 1933 and may not be offered, sold or otherwise transferred absent registration under the Securities Act of 1933 or an applicable exemption from registration requirements.

Stockholders holding Backstop registrable securities representing 10% of the outstanding common stock at emergence may require the Company to facilitate a registered offering of Backstop registrable securities (such offering, the “Initial Registration”). The Backstop registrable securities requested to be sold in the Initial Registration must have an aggregate market value of at least $75 million. On October 20, 2016, the Initial Registration, in the form of a shelf registration statement registering all Backstop registerable securities, was declared effective by the SEC.

Following the Initial Registration, stockholders holding 10% or more of the outstanding Backstop registrable securities may demand that the Company file a shelf registration statement and effectuate one or more takedowns off of such shelf, or, if a shelf is not available, effectuate one or more stand-alone registered offerings, provided that such non-shelf registered offerings or shelf takedowns may not be requested more than four times and, in each case, shall include shares having an aggregate market value of at least $75 million. Beginning on the second anniversary of the Effective Date, upon request of a stockholder, the Company shall amend its existing shelf registration statement to register additional Backstop registrable securities as set forth in the Registration Rights Agreement. Stockholders also have the right to include their Backstop registrable securities in the Initial Registration or any other non-shelf registered offering or shelf takedown of the common stock by the Company for its own account or for the account of any holders of common stock.

Note 24 - Other Comprehensive Loss

12 Months Ended

Dec. 31, 2018

Comprehensive Income (Loss) Note [Text Block]

NOTE 24: OTHER COMPREHENSIVE LOSS

The changes in Other comprehensive loss by component, were as follows:

		Year Ended December 31,
(in millions)		2018			2017
Currency translation adjustments		$	(11	)	$	11

Pension and other postretirement benefit plan changes
Newly established net actuarial (loss) gain			(5	)		35
Tax benefit			1			11
Newly established net actuarial (loss) gain, net of tax			(4	)		46
Reclassification adjustments:
Amortization of prior service credit	^(a)		(8	)		(8	)
Amortization of actuarial losses (gains)	^(a)		4			(3	)
Recognition of gains due to settlements and curtailments	^(a)		(1	)		—
Total reclassification adjustments			(5	)		(11	)
Tax provision			—			1
Reclassification adjustments, net of tax			(5	)		(10	)
Pension and other postretirement benefit plan changes, net of tax			(9	)		36
Other comprehensive (loss) income		$	(20	)	$	47

^(a)	Reclassified to Pension (income) expense - refer to Note 19, "Retirement Plans" and Note 20, "Other Postretirement Benefits" for additional information.

Note 25 - Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2017

Accumulated Other Comprehensive Loss [Text Block]

NOTE 25: ACCUMULATED OTHER COMPREHENSIVE LOSS

Accumulated other comprehensive loss is composed of the following:

	As of December 31,
(in millions)	2018			2017
Currency translation adjustments	$	(96	)	$	(85	)
Pension and other postretirement benefit plan changes		(315	)		(306	)
Ending balance	$	(411	)	$	(391	)

Note 26 - Segment Information

12 Months Ended

Dec. 31, 2018

Segment Reporting Disclosure [Text Block]

NOTE 26: SEGMENT INFORMATION

Financial information is reported for six reportable segments: Print Systems, Enterprise Inkjet Systems, Software and Solutions, Consumer and Film, Advanced Materials and 3D Printing Technology and Eastman Business Park. A description of the reportable segments follows.

Print Systems: The Print Systems segment is comprised of two lines of business: Prepress Solutions and Electrophotographic Printing Solutions.

Enterprise Inkjet Systems: The Enterprise Inkjet Systems segment is comprised of two lines of business: the Prosper business and the Versamark business.

Software and Solutions: The Software and Solutions segment is comprised of two lines of business: Unified Workflow Solutions and Kodak Technology Solutions.

Consumer and Film: The Consumer and Film segment is comprised of three lines of business: Industrial Film and Chemicals, Motion Picture and Consumer Products (which includes Consumer Inkjet Solutions).

Advanced Materials and 3D Printing Technology: The Advanced Materials and 3D Printing Technology segment includes the Kodak Research Laboratories and associated new business opportunities and intellectual property licensing not directly related to other business segments.

Eastman Business Park: The Eastman Business Park segment includes the operations of the Eastman Business Park, a more than 1,200 acre technology center and industrial complex.

Segment financial information is shown below. Asset information by segment is not disclosed as this information is not separately identified and reported to the Chief Operating Decision Maker.

Net Revenues from Continuing Operations by Reportable Segment

	Year Ended December 31,
	2018		2017
(in millions)
Print Systems	$	895	$	942
Enterprise Inkjet Systems		136		144
Software and Solutions		84		85
Consumer and Film		189		198
Advanced Materials and 3D Printing Technology		4		1
Eastman Business Park		17		16
Consolidated total	$	1,325	$	1,386

Segment Measure of Profit and Loss

Kodak’s segment measure of profit and loss is an adjusted earnings before interest, taxes, depreciation and amortization (“Operational EBITDA”). As demonstrated in the table below, Operational EBITDA represents the earnings (loss) from continuing operations excluding the provision (benefit) for income taxes; depreciation and amortization expense; restructuring costs and other; stock-based compensation expense; consulting and other costs; idle costs; other operating expense (income), net (unless otherwise indicated); goodwill impairment loss; interest expense; pension income excluding service cost component and other charges, net.

Kodak’s segments are measured using Operational EBITDA both before and after allocation of corporate selling, general and administrative expenses (“SG&A”). The segment earnings measure reported is after allocation of corporate SG&A as this most closely aligns with U.S. GAAP. Research and development activities not directly related to the other segments are reported within the Advanced Materials and 3D Printing Technology segment.

Change in Segment Measure of Profit and Loss

During the first quarter of 2018 the segment measure was changed to exclude amortization of prior service costs and credits which, due to the adoption of ASU 2017-17, are no longer reported in the same line item as other compensation costs arising from services rendered during the period. Refer to the Recently Adopted Accounting Pronouncements section of Note 1, “Basis of Presentation and Recent Accounting Pronouncements.”

2019 Segments

Change in Segments

Effective in January 2019 Kodak changed its organizational structure. Kodak Technology Solutions, formerly part of the Software and Solutions segment, was moved into the Consumer and Film segment. The Consumer and Film segment was renamed the Brand, Film & Imaging segment. The Unified Workflow Solutions business, formerly part of the Software and Solutions segment, will operate as a dedicated segment named Kodak Software segment.

Change in Segment Measure of Profitability

During the first quarter of 2019 the segment measure was changed to exclude the costs, net of any rental income received, of underutilized portions of certain properties. Additionally, the allocation of costs from Eastman Business Park (“EBP”) to the Consumer and Film segment and Advanced Materials and 3D Printing Technology segment as tenants of EBP and to each of the segments as users of shared corporate space at the global headquarters is changing.

Segment Operational EBITDA and Consolidated Earnings (Loss) from Continuing Operations Before Income Taxes

	Year Ended December 31,
(in millions)	2018			2017
Print Systems	$	27		$	49
Enterprise Inkjet Systems		4			3
Software and Solutions		—			(1	)
Consumer and Film		(19	)		(18	)
Advanced Materials and 3D Printing Technology		(14	)		(27	)
Eastman Business Park		3			4
Total of reportable segments		1			10
Depreciation and amortization		(70	)		(77	)
Restructuring costs and other		(17	)		(38	)
Stock-based compensation		(6	)		(9	)
Consulting and other costs ⁽¹⁾		(14	)		(5	)
Idle costs ⁽²⁾		(3	)		(4	)
Other operating (expense) income, net ⁽³⁾		(9	)		(28	)
Goodwill impairment loss⁽³⁾		—			(56	)
Interest expense ⁽³⁾		(9	)		(8	)
Pension income excluding service cost component ⁽³⁾		131			152
Other income (charges), net ⁽³⁾		(17	)		37
Consolidated loss from continuing operations before income taxes	$	(13	)	$	(26	)

⁽¹⁾	Consulting and other costs are professional services and internal costs associated with certain corporate strategic initiatives, including the divestiture of the Flexographic Packaging segment and debt refinancing.

⁽²⁾	Consists of third-party costs such as security, maintenance, and utilities required to maintain land and buildings in certain locations not used in any Kodak operations.

⁽³⁾	As reported in the Consolidated Statement of Operations.

Kodak reduced workers’ compensation reserves by approximately $5 million in 2018 due to changes in discount rates and reduction in estimated losses. The reduction in reserves impacted gross profit by approximately $3 million and SG&A by approximately $2 million.

Amortization and depreciation expense by segment are not included in the segment measure of profit and loss but are regularly provided to the Chief Operating Decision Maker.

(in millions)	Year Ended December 31,
Intangible asset amortization expense from continuing operations:	2018		2017
Print Systems	$	6	$	8
Enterprise Inkjet Systems		4		3
Software & Solutions		—		1
Consumer & Film		1		1
Advanced Materials and 3D Printing		—		4
Consolidated total	$	11	$	17

(in millions)	Year Ended December 31,
Depreciation expense from continuing operations:	2018		2017
Print Systems	$	38	$	37
Enterprise Inkjet Systems		8		8
Software & Solutions		2		1
Consumer & Film		3		7
Advanced Materials and 3D Printing		3		4
Eastman Business Park		5		3
Consolidated total	$	59	$	60

(in millions)	Year Ended December 31,
Long-lived assets ⁽¹⁾ located in:	2018		2017
The United States	$	104	$	114
Europe, Middle East and Africa		35		50
Asia Pacific		40		48
Canada and Latin America		67		82
Non-U.S. countries total ⁽²⁾		142		180
Consolidated total	$	246	$	294

⁽¹⁾	Long-lived assets are comprised of property, plant and equipment, net.

⁽²⁾	Of the total non-U.S. property, plant and equipment in 2018, $60 million are located in Brazil and $31 million are located in China. Of the total non-U.S. property, plant and equipment in 2017, $71 million are located in Brazil and $38 million are located in China.

Major Customers

No single customer represented 10% or more of Kodak’s total net revenue in any year presented.

Note 27 - Discontinued Operations

12 Months Ended

Dec. 31, 2018

Discontinued Operations And Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

NOTE 27: DISCONTINUED OPERATIONS

Discontinued operations of Kodak include the Flexographic Packaging segment.

Flexographic Packaging segment

In November 2018 Kodak announced it had entered into a Stock and Asset Purchase Agreement (“SAPA”) with MIR Bidco, SA for the sale of its Flexographic Packaging segment. The purchase price is $340 million, which is subject to purchase price adjustments as described in the SAPA. The results of operations of the Flexographic Packaging Business (the ”Business”) are classified as discontinued operations in the Consolidated Statement of Operations for all periods presented. Additionally, the assets and liabilities associated with the Business are classified as held for sale in the Consolidated Statement of Financial Position as of December 31, 2018 and 2017. Kodak anticipates the sale of the Business will close during the second quarter of 2019.

The results of operations of the Business are presented below:

	Year Ended December 31,
(in millions)	2018			2017
Revenues	$	148		$	145

Cost of sales		90			87
Selling, general and administrative expenses		21			15
Research and development expenses		8			6
Interest expense		27			24
Earnings from continuing operations before income taxes		2			13
Provision for income taxes		9			10
(Loss) earnings from discontinued operations	$	(7	)	$	3

In addition to the earnings from the Business, earnings from discontinued operations in the Consolidated Statement of Operations for December 31, 2017 includes losses of $2 million associated with businesses disposed of in previous years.

Interest was allocated to discontinued operations based on an estimated debt paydown of the Term Credit Agreement.

The following table presents the aggregate carrying amount of major assets and liabilities of the Business:

(in millions)	2018		2017
ASSETS
Cash and cash equivalents	$	2	$	1
Trade receivables, net		28		29
Inventories, net		33		30
Property, plant and equipment, net		28		20
Goodwill		20		20
Intangible assets		1		2
Other assets		1		—
Assets of business held for sale	$	113	$	102

LIABILITIES
Accounts payable, trade	$	9	$	14
Other current liabilities		7		7
Pension and other postretirement liabilities		4		4
Liabilities of business held for sale	$	20	$	25

A dedicated entity of the Business had intercompany receivables with Kodak of approximately $5 million as of December 31, 2018 and 2017 that are part of the proposed transaction but are not reflected in the table above as these amounts have been eliminated in deriving the consolidated financial statements.

Current assets held for sale as of December 31, 2017 in the Consolidated Statement of Financial Position included $2 million of assets under contract for sale not associated with the Business.

The following table presents cash flow information associated with the Business:

	Year Ended December 31,
(in millions)	2018		2017
Depreciation	$	2	$	2
Amortization		1		1
Capital expenditures		7		12

Depreciation and amortization of long-lived assets of the Business included in discontinued operations ceased on December 1, 2018.

Direct operating expenses of the discontinued operations are included in the results of discontinued operations. Indirect expenses that were historically allocated to the discontinued operations have been included in the results of continuing operations. Prior period results have been reclassified to conform to the current period presentation.

Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2018

Valuation And Qualifying Accounts [Abstract]

Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

Schedule II

Eastman Kodak Company

Valuation and Qualifying Accounts

	Beginning				Net Deductions		Ending
(in millions)	Balance		Additions		and Other		Balance
Year ended December 31, 2018
Reserve for doubtful accounts	$	9		4		4	$	9
Deferred tax valuation allowance	$	856		74		77	$	853

Year ended December 31, 2017
Reserve for doubtful accounts	$	8		5		4	$	9
Deferred tax valuation allowance	$	1,209		140		493	$	856

Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2018

Accounting Policies [Abstract]

Accounting Principles Policy [Policy Text Block]

ACCOUNTING PRINCIPLES

Consolidation, Policy [Policy Text Block]

BASIS OF CONSOLIDATION

Going Concern, Policy [Policy Text Block]

GOING CONCERN

These conditions raise substantial doubt about Kodak’s ability to continue as a going concern.

For more information regarding the Term Credit Agreement, the ABL Credit Agreement and debt covenants see Note 9, “Debt and Capital Leases”.

Reclassification, Policy [Policy Text Block]

RECLASSIFICATIONS

Use of Estimates, Policy [Policy Text Block]

USE OF ESTIMATES

Foreign Currency Transactions and Translations Policy [Policy Text Block]

FOREIGN CURRENCY

The effects of foreign currency transactions, including related hedging activities, are included in Other (income) charges, net, in the accompanying Consolidated Statement of Operations.

Concentration Risk, Credit Risk, Policy [Policy Text Block]

CONCENTRATION OF CREDIT RISK

Cash and Cash Equivalents, Policy [Policy Text Block]

CASH EQUIVALENTS

All highly liquid investments with a remaining maturity of three months or less at date of purchase are considered to be cash equivalents.

Inventory, Policy [Policy Text Block]

INVENTORIES

Property, Plant and Equipment, Policy [Policy Text Block]

PROPERTY, PLANT AND EQUIPMENT

Kodak calculates depreciation expense using the straight-line method over the assets’ estimated useful lives, which are as follows:

		Estimated Useful Lives
Buildings and building improvements		5-40
Land improvements		4-20
Leasehold improvements		3-20
Equipment		3-20
Tooling		1-3
Furniture and fixtures		5-10

Kodak depreciates leasehold improvements over the shorter of the lease term or the asset’s estimated useful life.

Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]

GOODWILL

Workers Compensation, Policy [Policy Text Block]

WORKERS’ COMPENSATION

Revenue Recognition, Policy [Policy Text Block]

REVENUE

Research and Development Expense, Policy [Policy Text Block]

RESEARCH AND DEVELOPMENT COSTS

Advertising Costs, Policy [Policy Text Block]

ADVERTISING

Shipping and Handling Costs [Policy Text Block]

SHIPPING AND HANDLING COSTS

Amounts charged to customers and costs incurred by Kodak related to shipping and handling are included in net sales and cost of sales, respectively.

Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]

IMPAIRMENT OF LONG-LIVED ASSETS

Income Tax, Policy [Policy Text Block]

INCOME TAXES

New Accounting Pronouncements, Policy [Policy Text Block]

RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS

(in millions)	Balance at December 31, 2017			Adjustments Due to ASU 2014-09			Balance at January 1, 2018
Liabilities
Other current liabilities	$	211		$	2		$	213
Other long-term liabilities		202			8			210

Deficit
Accumulated Deficit		(174	)		(10	)		(184	)

	Year Ended December 31, 2018
(in millions)	As Reported			Amounts without Adoption of ASU 2014-09			Effect of Change Higher (Lower)
Revenues
Sales	$	1,044		$	1,044		$	—
Services	$	281			281			—
Total revenues		1,325			1,325			—

Net loss	$	(16	)	$	(16	)	$	—

	December 31, 2018
(in millions)	As Reported			Balances without Adoption of ASU 2014-09			Effect of Change Higher (Lower)
Liabilities
Other current liabilities	$	213		$	209		$	4
Other long-term liabilities		179			173			6

Deficit
Accumulated Deficit		(200	)		(190	)		(10	)

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

Note 1 - Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2018

Property Plant And Equipment Estimated Useful Lives [Table Text Block]

Kodak calculates depreciation expense using the straight-line method over the assets’ estimated useful lives, which are as follows:

		Estimated Useful Lives
Buildings and building improvements		5-40
Land improvements		4-20
Leasehold improvements		3-20
Equipment		3-20
Tooling		1-3
Furniture and fixtures		5-10

ASU 2014-09 [Member]

Summary of Impact of Adoption of Accounting Standards on Consolidated Financial Statements [Table Text Block]

(in millions)	Balance at December 31, 2017			Adjustments Due to ASU 2014-09			Balance at January 1, 2018
Liabilities
Other current liabilities	$	211		$	2		$	213
Other long-term liabilities		202			8			210

Deficit
Accumulated Deficit		(174	)		(10	)		(184	)

	Year Ended December 31, 2018
(in millions)	As Reported			Amounts without Adoption of ASU 2014-09			Effect of Change Higher (Lower)
Revenues
Sales	$	1,044		$	1,044		$	—
Services	$	281			281			—
Total revenues		1,325			1,325			—

Net loss	$	(16	)	$	(16	)	$	—

	December 31, 2018
(in millions)	As Reported			Balances without Adoption of ASU 2014-09			Effect of Change Higher (Lower)
Liabilities
Other current liabilities	$	213		$	209		$	4
Other long-term liabilities		179			173			6

Deficit
Accumulated Deficit		(200	)		(190	)		(10	)

Note 2 - Cash, Cash Equivalents and Restricted Cash (Tables)

12 Months Ended

Dec. 31, 2018

Cash And Cash Equivalents [Abstract]

Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash [Text Block]

	As of December 31,
(in millions)	2018		2017
Cash and cash equivalents	$	246	$	343
Restricted cash included in Other current assets		8		8
Long-term restricted cash		11		17
Cash included in assets held for sale		2		1
Total cash, cash equivalents and restricted cash shown in the Statement of Cash Flows	$	267	$	369

Note 3 - Inventories, Net (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Inventory, Current [Table Text Block]

	As of December 31,
(in millions)	2018		2017
Finished goods	$	119	$	132
Work in process		55		55
Raw materials		62		59
Total	$	236	$	246

Note 4 - Property, Plant and Equipment, Net and Equipment Subject to Operating Leases, Net (Tables)

12 Months Ended

Dec. 31, 2018

Property Plant And Equipment [Abstract]

Property, Plant and Equipment [Table Text Block]

	As of December 31,
(in millions)	2018			2017
Land	$	70		$	79
Buildings and building improvements		171			168
Machinery and equipment		417			414
Construction in progress		10			17
		668			678
Accumulated depreciation		(422	)		(384	)
Property, plant and equipment, net	$	246		$	294

Equipment Subject to Operating Leases [Table Text Block]

	As of December 31,
(in millions)	2018			2017
Equipment subject to operating leases	$	34		$	40
Accumulated depreciation		(19	)		(18	)
Equipment subject to operating leases, net	$	15		$	22

Note 5 - Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Goodwill [Table Text Block]

(in millions)	Print Systems			Software and Solutions		Consumer and Film		Consolidated Total
Balance as of December 31, 2016	$	56		$	6	$	6	$	68
Impairment		(56	)		—		—		(56	)
Balance as of December 31, 2017		—			6		6		12
Impairment		—			—		—		—
Balance as of December 31, 2018	$	—		$	6	$	6	$	12

Schedule of Finite Lived and Indefinite Lived Intangible Assets [Table Text Block]

The gross carrying amount and accumulated amortization by major intangible asset category as of December 31, 2018 and 2017 were as follows:

	As of December 31, 2018
	Gross Carrying		Accumulated				Weighted-Average
(in millions)	Amount		Amortization		Net		Amortization Period
Technology-based	$	99	$	70	$	29	6 years
Kodak trade name		25		—		25	Indefinite life
Customer-related		11		7		4	5 years
Other		3		1		2	20 years
Total	$	138	$	78	$	60

	As of December 31, 2017
	Gross Carrying		Accumulated				Weighted-Average
(in millions)	Amount		Amortization		Net		Amortization Period
Technology-based	$	99	$	60	$	39	6 years
Kodak trade name		38		—		38	Indefinite life
Customer-related		11		6		5	6 years
Other		3		1		2	21 years
Total	$	151	$	67	$	84

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Estimated future amortization expense related to intangible assets that are currently being amortized as of December 31, 2018 was as follows:

(in millions)
2019	$	7
2020		6
2021		5
2022		5
2023		4
2024 and thereafter		8
Total	$	35

Note 6 - Other Long-term Assets (Tables)

12 Months Ended

Dec. 31, 2018

Other Assets Noncurrent Disclosure [Abstract]

Schedule of Other Long-Term Assets [Table Text Block]

	As of December 31,
(in millions)	2018		2017
Pension assets	$	82	$	43
Estimated workers' compensation recoveries		17		22
Long-term receivables, net of allowance of $4 million and $4 million		13		15
Other		32		33
Total	$	144	$	113

Note 7 - Other Current Liabilities (Tables)

12 Months Ended

Dec. 31, 2018

Other Liabilities Current [Abstract]

Other Current Liabilities [Table Text Block]

	As of December 31,
(in millions)	2018		2017
Employment-related liabilities	$	42	$	45
Deferred revenue		34		29
Customer rebates		26		27
Deferred consideration on disposed businesses⁽¹⁾		24		10
Workers' compensation		9		10
Restructuring liabilities		8		10
Other		70		80
Total	$	213	$	211

Note 8 - Other Long-term Liabilities (Tables)

12 Months Ended

Dec. 31, 2018

Disclosure Text Block Supplement [Abstract]

Other Long-term Liabilities [Table Text Block]

	As of December 31,
(in millions)	2018		2017
Workers' compensation	$	83	$	96
Asset retirement obligations		48		43
Deferred taxes		14		16
Environmental liabilities		10		12
Deferred consideration on disposed businesses		—		14
Other		24		21
Total	$	179	$	202

Note 9 - Debt And Capital Leases (Tables)

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Debt And Capital Lease Obligations [Table Text Block]

Debt and capital leases and related maturities and interest rates were as follows at December 31, 2018 and 2017 (in millions):

				As of December 31,
				2018		2017
(in millions)	Type	Maturity	Weighted-Average Effective Interest Rate	Carrying Value		Carrying Value
Current portion:
	Term note		8.84%	$	394	$	—
	Capital leases		Various		2		3
	Other debt		Various		—		1
					396		4

Non-current portion:
	Term note	2019	8.84%		—		393
	Capital leases	Various	Various		3		4
	Other debt	Various	Various		2		2
					5		399
				$	401	$	403

Schedule Of Maturities Of Debt And Capital Leases Outstanding [Table Text Block]

Annual maturities of debt and capital leases outstanding at December 31, 2018, were as follows (in millions):

(in millions)	Carrying Value		Maturity Value
2019	$	396	$	397
2020		1		1
2021		1		1
2022		1		1
2023		—		—
2024 and thereafter		2		2
Total	$	401	$	402

Note 11 - Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2018

Commitments And Contingencies Disclosure [Abstract]

Schedule of Asset Retirement Obligations [Table Text Block]

The following table provides asset retirement obligation activity (in millions):

	For the Year Ended December 31,
	2018			2017
Asset Retirement Obligations at start of period	$	43		$	38
Liabilities incurred in the current period		3			2
Liabilities settled in the current period		(3	)		(1	)
Accretion expense		2			1
Revision in estimated cash flows		3			3
Asset Retirement Obligations at end of period	$	48		$	43

Note 12 - Guarantees (Tables)

12 Months Ended

Dec. 31, 2018

Deferred Revenue, by Arrangement, Disclosure [Table Text Block]

(in millions)
Deferred revenue on extended warranties as of December 31, 2016	$	23
New extended warranty and maintenance arrangements		123
Recognition of extended warranty and maintenance arrangement revenue		(124	)
Deferred revenue on extended warranties as of December 31, 2017		22
New extended warranty and maintenance arrangements		105
Recognition of extended warranty and maintenance arrangement revenue		(105	)
Deferred revenue on extended warranties as of December 31, 2018	$	22

Note 13 - Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

The net effect of foreign currency forward contracts in the results of operations is shown in the following table:

Year Ended December 31,

(in millions)

2018

2017

Net loss from derivatives not designated as hedging

instruments

Derivative Liability (Asset) Key Inputs in Determination of Fair Value [Table Text Block]

The following table presents the key inputs in the determination of fair value at December 31, 2018 and 2017:

	Valuation Date
(in millions)	For the Year Ended December 31,
	2018			2017
Total value of embedded derivative asset	$	4		$	4
Kodak's closing stock price		2.55			3.10
Expected stock price volatility		95.55	%		58.22	%
Risk free rate		2.46	%		2.08	%
Yield on the preferred stock		23.77	%		22.31	%

Note 14 - Revenue (Tables)

12 Months Ended

Dec. 31, 2018

Revenue From Contract With Customer [Abstract]

Disaggregated Revenue by Major Product, Product Portfolio Summary and Geography [Table Text Block]

The following tables present revenue disaggregated by major product, portfolio summary and geography.

Major product:

	Year Ended
	December 31, 2018
	Print Systems		Enterprise Inkjet Systems		Software & Solutions		Consumer & Film		Advanced Materials and 3D Printing Technology		Eastman Business Park		Total
Plates, inks and other consumables	$	685	$	32	$	—	$	16	$	—	$	—	$	733
Ongoing service arrangements ⁽¹⁾		132		79		48		3		—		—		262
Total Annuities		817		111		48		19		—		—		995
Equipment & Software		78		25		17		—		—		—		120
Film and chemicals		—		—		—		159		—		—		159
Other⁽²⁾		—		—		19		11		4		17		51
Total	$	895	$	136	$	84	$	189	$	4	$	17	$	1,325

⁽¹⁾

⁽²⁾

Other includes revenue from professional services, non-recurring engineering services, print and managed media services, tenant rent and related property management services and licensing.

Product Portfolio Summary:

	Year Ended
	December 31, 2018
	Print Systems		Enterprise Inkjet Systems		Software & Solutions		Consumer & Film		Advanced Materials and 3D Printing Technology		Eastman Business Park		Total
Growth engines⁽¹⁾	$	159	$	84	$	84	$	11	$	3	$	—	$	341
Strategic other businesses ⁽²⁾		700		—		—		162		1		17		880
Planned declining businesses ⁽³⁾		36		52		—		16		—		—		104
	$	895	$	136	$	84	$	189	$	4	$	17	$	1,325

⁽¹⁾

Growth engines consist of Sonora, PROSPER, Software and Solutions, AM3D, excluding intellectual property (IP) licensing, and brand licensing.

⁽²⁾

⁽³⁾

Geography⁽¹⁾:

	Year Ended
	December 31, 2018
	Print Systems		Enterprise Inkjet Systems		Software & Solutions		Consumer & Film		Advanced Materials and 3D Printing Technology		Eastman Business Park		Total
United States	$	234	$	45	$	29	$	125	$	4	$	17	$	454
Canada		13		1		4		3		—		—		21
North America		247		46		33		128		4		17		475
Europe, Middle East and Africa		367		56		22		20		—		—		465
Asia Pacific		226		31		25		41		—		—		323
Latin America		55		3		4		—		—		—		62
Total Sales	$	895	$	136	$	84	$	189	$	4	$	17	$	1,325

⁽¹⁾

Sales are reported in the geographic area in which they originate. No non-U.S. country generated more than 10% of net sales in the year ended December 31, 2018.

Note 15 - Other Operating Expense (Income), Net (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Other Operating Expense (Income), by Component [Table Text Block]

	Year Ended December 31,
(in millions)	2018			2017
Expense (income):
Korea withholding tax refund⁽¹⁾	$	16		$	—
Gains related to the sales of assets		(13	)		(8	)
Legal reserve changes		(6	)		—
Asset impairments⁽²⁾ ^{(3) (4)}		13			24
Prosper asset remeasurement ⁽⁵⁾		—			12
Other		(1	)		—
Total	$	9		$	28

⁽¹⁾

Refer to Note 17, “Income Taxes”, section, “IRS and Korean National Tax Service Agreement”.

⁽²⁾

In the fourth quarter of 2018, Kodak recorded an impairment charge of $13 million related to the Kodak trade name. Refer to Note 5, “Goodwill and Other Intangible Assets.”

⁽³⁾

In the fourth quarter of 2017, Kodak recorded an impairment charge of $2 million related to the Kodak trade name. Refer to Note 5, “Goodwill and Other Intangible Assets.”

⁽⁴⁾

⁽⁵⁾

Note 16 - Other (Income) Charges, Net (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Other Nonoperating Income, by Component [Table Text Block]

	Year Ended December 31,
(in millions)	2018		2017
Loss on foreign exchange transactions	$	16	$	9
Change in fair value of embedded conversion features derivative ⁽¹⁾		—		(47	)
Interest income		—		(4	)
Other		1		5
Total	$	17	$	(37	)

⁽¹⁾

Refer to Note 13, “Financial Instruments”.

Note 17 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of Loss before Income Tax, Domestic and Foreign [Table Text Block]

The components of Loss from continuing operations before income taxes and the related benefit for U.S. and other income taxes were as follows (in millions):

	Year Ended December 31,
	2018			2017
(Loss) earnings from continuing operations before income taxes:
U.S.	$	(46	)	$	(59	)
Outside the U.S.		33			33
Total	$	(13	)	$	(26	)
U.S. income taxes:
Current (benefit) provision	$	(30	)	$	1
Deferred provision (benefit)		1			(31	)
Income taxes outside the U.S.:
Current provision		4			6
Deferred provision benefit		21			(95	)
State and other income taxes:
Current benefit		—			(1	)
Total provision	$	(4	)	$	(120	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The differences between income taxes computed using the U.S. federal income tax rate and the benefit for income taxes for continuing operations were as follows (in millions):

	Year Ended December 31,
	2018			2017
Amount computed using the statutory rate	$	(3	)	$	(9	)
Increase (reduction) in taxes resulting from:
Unremitted foreign earnings		2			2
Impact of goodwill and intangible impairments		—			(21	)
Operations outside the U.S.		28			14
Legislative tax law and rate changes		7			150
Valuation allowance		(18	)		(266	)
Tax settlements and adjustments, including interest		(33	)		(11	)
Discharge of debt and other reorganization related items		13			39
Embedded derivative liability conversion		—			(17	)
Other, net		—			(1	)
Benefit from income taxes	$	(4	)	$	(120	)

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The significant components of deferred tax assets and liabilities were as follows (in millions):

	As of December 31,
	2018		2017
Deferred tax assets
Pension and postretirement obligations	$	62	$	96
Restructuring programs		1		1
Foreign tax credit		357		343
Inventories		9		10
Investment tax credit		48		58
Employee deferred compensation		23		25
Depreciation		64		68
Research and development costs		67		80
Tax loss carryforwards		338		307
Other deferred revenue		1		4
Other		69		73
Total deferred tax assets	$	1,039	$	1,065

Deferred tax liabilities
Leasing	$	2	$	2
Goodwill/intangibles		16		16
Unremitted foreign earnings		22		20
Total deferred tax liabilities		40		38
Net deferred tax assets before valuation allowance		999		1,027
Valuation allowance		853		856
Net deferred tax assets	$	146	$	171

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Deferred tax assets (liabilities) are reported in the following components within the Consolidated Statement of Financial Position (in millions):

	As of December 31,
	2018			2017
Deferred income taxes	$	160		$	187
Other long-term liabilities		(14	)		(16	)
Net deferred tax assets	$	146		$	171

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

A reconciliation of the beginning and ending amount of Kodak’s liability for income taxes associated with unrecognized tax benefits is as follows

(in millions):

	Year Ended December 31,
	2018			2017
Balance as of January 1	$	61		$	84
Tax positions related to the current year:
Additions		—			7
Tax positions related to prior years:
Additions		1			6
Reductions		(5	)		(28	)
Settlements with taxing jurisdictions		—			(4	)
Lapses in statute of limitations		—			(4	)
Balance as of December 31	$	57		$	61

Note 18 - Restructuring Costs and Other (Tables)

12 Months Ended

Dec. 31, 2018

Restructuring And Related Activities [Abstract]

Restructuring Costs and Other [Table Text Block]

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, 2018 were as follows (in millions):

	Severance Reserve⁽¹⁾			Exit Costs Reserve⁽¹⁾			Long-lived Asset Impairments and Inventory Write-downs ⁽¹⁾			Total
Balance as of December 31, 2016		5			3			—			8
Charges		26			3			9			38
Utilization/cash payments		(13	)		(2	)		(9	)		(24	)
Other adjustments & reclasses ⁽²⁾		(12	)		—			—			(12	)
Balance as of December 31, 2017		6			4			—			10
Charges		17			—			—			17
Utilization/cash payments		(12	)		(2	)		—			(14	)
Other adjustments & reclasses ⁽³⁾		(5	)		—			—			(5	)
Balance as of December 31, 2018	$	6		$	2		$	—		$	8

⁽¹⁾	The severance and exit costs reserves require the outlay of cash, while long-lived asset impairments, accelerated depreciation and inventory write-downs represent non-cash items.

⁽²⁾	The $(12) million includes $(13) million of severance charges funded from pension plan assets, which were reclassified to Pension and other postretirement liabilities, and $1 million of foreign currency translation adjustments.

⁽³⁾	The $(5) million represents severance charges funded from pension plan assets, which were reclassified to Pension and other postretirement liabilities.

Note 19 - Retirement Plans (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Changes in Projected Benefit Obligations [Table Text Block]

The measurement date used to determine the pension obligation for all funded and unfunded U.S. and Non-U.S. defined benefit plans is December 31.

	Year Ended December 31, 2018						Year Ended December 31, 2017
(in millions)	U.S.			Non-U.S.			U.S.			Non-U.S.
Change in Benefit Obligation
Projected benefit obligation at beginning of period	$	3,866		$	885		$	3,908		$	816
Service cost		13			3			12			3
Interest cost		109			12			115			12
Benefit payments		(414	)		(50	)		(352	)		(48	)
Actuarial (gain) loss		(174	)		—			170			37
Special termination benefits		5			—			13			—
Currency adjustments		—			(16	)		—			65
Projected benefit obligation at end of period	$	3,405		$	834		$	3,866		$	885

Change in Plan Assets
Fair value of plan assets at beginning of period	$	3,804		$	722		$	3,653		$	693
Gain on plan assets		55			5			503			27
Employer contributions		—			4			—			5
Benefit payments		(414	)		(50	)		(352	)		(48	)
Currency adjustments		—			(10	)		—			45
Fair value of plan assets at end of period	$	3,445		$	671		$	3,804		$	722

Over (under) funded status at end of period	$	40		$	(163	)	$	(62	)	$	(163	)

Accumulated benefit obligation at end of period	$	3,403		$	824		$	3,864		$	874

Schedule Of Amounts From Pension Plan Recognized in Balance Sheet [Table Text Block]

Amounts recognized in the Consolidated Statement of Financial Position for all major funded and unfunded U.S. and Non-U.S. defined benefit plans are as follows (in millions):

	As of December 31,
	2018					2017
	U.S.		Non-U.S.			U.S.			Non-U.S.
Other long-term assets	$	40	$	32		$	—		$	35
Pension and other postretirement liabilities		—		(195	)		(62	)		(198	)
Net amount recognized	$	40	$	(163	)	$	(62	)	$	(163	)

Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]

Information with respect to the major funded and unfunded U.S. and Non-U.S. defined benefit plans with an accumulated benefit obligation in excess of plan assets is as follows (in millions):

	As of December 31,
	2018				2017
	U.S.		Non-U.S.		U.S.		Non-U.S.
Projected benefit obligation	$	—	$	578	$	3,866	$	617
Accumulated benefit obligation		—		568		3,864		606
Fair value of plan assets		—		382		3,804		419

Schedule of Pension Plan Amounts Recognized In Accumulated Other Income Loss [Table Text Block]

Amounts recognized in accumulated other comprehensive (loss) income for all major funded and unfunded U.S. and Non-U.S. defined benefit plans consist of (in millions):

	As of December 31,
	2018						2017
	U.S.			Non-U.S.			U.S.			Non-U.S.
Prior service credit	$	27		$	3		$	36		$	3
Net actuarial loss		(258	)		(126	)		(271	)		(110	)
Total	$	(231	)	$	(123	)	$	(235	)	$	(107	)

Schedule Of Amounts From Pension Plans Recognized In Other Comprehensive Income [Table Text Block]

Other changes in major plan assets and benefit obligations recognized in Other comprehensive income (expense) are as follows (in millions):

	Year Ended December 31,
	2018						2017
	U.S.			Non-U.S.			U.S.			Non-U.S.
Newly established gain (loss)	$	6		$	(21	)	$	90		$	(37	)
Amortization of:
Prior service credit		(7	)		—			(7	)		—
Net actuarial loss		5			5			—			3
Total (loss) income recognized in Other comprehensive income	$	4		$	(16	)	$	83		$	(34	)

Schedule of Net Benefit Costs [Table Text Block]

Pension income for all defined benefit plans included (in millions):

	Year Ended December 31,
	2018						2017
	U.S.			Non-U.S.			U.S.			Non-U.S.
Major defined benefit plans:
Service cost	$	13		$	3		$	12		$	3
Interest cost		109			12			115			12
Expected return on plan assets		(223	)		(26	)		(243	)		(27	)
Amortization of:
Prior service credit		(7	)		—			(7	)		—
Actuarial loss		5			5			—			3
Pension income before special termination benefits		(103	)		(6	)		(123	)		(9	)
Special termination benefits		5			—			13			—
Net pension income for major defined benefit plans		(98	)		(6	)		(110	)		(9	)
Other plans including unfunded plans		—			(4	)		—			—
Net pension income	$	(98	)	$	(10	)	$	(110	)	$	(9	)

Schedule Of Assumptions Used To Calculate Pension Plan Net Benefit Obligation [Table Text Block]

The weighted-average assumptions used to determine the benefit obligation amounts for all major funded and unfunded U.S. and Non-U.S. defined benefit plans were as follows:

	Year Ended December 31,
	2018						2017
	U.S.			Non-U.S.			U.S.			Non-U.S.
Discount rate		4.04	%		2.05	%		3.34	%		1.90	%
Salary increase rate		3.50	%		2.06	%		3.50	%		2.17	%

Schedule of Assumptions Used to Calculate Pension Plan Net Benefit Costs [Table Text Block]

The weighted-average assumptions used to determine net pension (income) expense for all the major funded and unfunded U.S. and Non-U.S. defined benefit plans were as follows:

	Year Ended December 31,
	2018						2017
	U.S.			Non-U.S.			U.S.			Non-U.S.
Effective rate for service cost		3.33	%		2.32	%		3.68	%		2.66	%
Effective rate for interest cost		2.96	%		1.70	%		3.06	%		1.56	%
Salary increase rate		3.50	%		2.17	%		3.43	%		2.09	%
Expected long-term rate of return on plan assets		6.40	%		3.98	%		7.00	%		4.21	%

Schedule of Allocation of Plan Assets [Table Text Block]

The Company's weighted-average asset allocations for its major U.S. defined benefit pension plans by asset category, are as follows:

	As of December 31,
	2018			2017			2018 Target
Asset Category
Equity securities		11	%		10	%	7-13%
Debt securities		40	%		42	%	35-45%
Real estate		2	%		2	%	0-6%
Cash and cash equivalents		1	%		1	%	0-6%
Global balanced asset allocation funds		13	%		16	%	12-18%
Other		33	%		29	%	27-39%
Total		100	%		100	%

Kodak’s weighted-average asset allocations for its major Non-U.S. defined benefit pension plans by asset category, are as follows:

	As of December 31,
	2018			2017			2018 Target
Asset Category
Equity securities		3	%		3	%	0-6%
Debt securities		33	%		32	%	30-40%
Real estate		1	%		1	%	0-6%
Cash and cash equivalents		2	%		2	%	0-6%
Global balanced asset allocation funds		4	%		5	%	2-8%
Other		57	%		57	%	55-65%
Total		100	%		100	%

Schedule of Fair Value of Plan Assets By Measurement Inputs Disclosure [Table Text Block]

Major U.S. Plans

December 31, 2018

	U.S.
(in millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	—		$	—	$	—	$	50	$	50

Equity Securities		4			—		—		364		368

Debt Securities:
Government Bonds		—			—		—		1,005		1,005
Investment Grade Bonds		—			391		—		—		391

Real Estate		—			—		—		57		57

Global Balanced Asset Allocation Funds		—			—		—		438		438

Other:
Absolute Return		—			—		—		431		431
Private Equity		—			—		6		659		665
Derivatives with unrealized gains		46			—		—		—		46
Derivatives with unrealized losses		(6	)		—		—		—		(6	)
	$	44		$	391	$	6	$	3,004	$	3,445

Major U.S. Plans

December 31, 2017

	U.S.
(in millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	—		$	—	$	—	$	30	$	30

Equity Securities		60			—		—		322		382

Debt Securities:
Government Bonds		—			—		—		1,179		1,179
Investment Grade Bonds		—			421		—		—		421

Real Estate		—			—		26		68		94

Global Balanced Asset Allocation Funds		—			—		—		597		597

Other:
Absolute Return		—			—		—		489		489
Private Equity		—			—		14		601		615
Derivatives with unrealized losses		(3	)		—		—		—		(3	)
	$	57		$	421	$	40	$	3,286	$	3,804

Major Non-U.S. Plans

December 31, 2018

	Non - U.S.
(in millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	8		$	—	$	—	$	5	$	13

Equity Securities		—			—		—		21		21

Debt Securities:
Government Bonds		—			—		—		53		53
Inflation-Linked Bonds		—			—		—		4		4
Investment Grade Bonds		—			66		—		68		134
Global High Yield & Emerging Market Debt		—			—		—		28		28

Real Estate		—			—		—		9		9

Global Balanced Asset Allocation Funds		—			—		—		27		27

Other:
Absolute Return		—			—		—		7		7
Private Equity		—			—		—		42		42
Insurance Contracts		—			333		—		—		333
Derivatives with unrealized gains		1			—		—		—		1
Derivatives with unrealized losses		(1	)		—		—		—		(1	)
	$	8		$	399	$	—	$	264	$	671

Major Non-U.S. Plans

December 31, 2017

	Non - U.S.
(in millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	6	$	—	$	—	$	5	$	11

Equity Securities		—		—		—		24		24

Debt Securities:
Government Bonds		—		—		—		79		79
Inflation-Linked Bonds		—		—		—		5		5
Investment Grade Bonds		—		62		—		76		138
Global High Yield & Emerging Market Debt		—		—		—		11		11

Real Estate		—		—		—		10		10

Global Balanced Asset Allocation Funds		—		—		—		33		33

Other:
Absolute Return		—		—		—		8		8
Private Equity		—		—		—		43		43
Insurance Contracts		—		358		—		—		358
Derivatives with unrealized gains		1		—		—		—		1
	$	7	$	420	$	—	$	294	$	721

Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]

The following is a reconciliation of the beginning and ending balances of level 3 assets of Kodak’s major U.S. defined benefit pension plans:

	U.S.
			Net Realized and Unrealized Gains
(in millions)	Balance at January 1, 2018		Relating to Assets Still Held		Relating to Assets Sold During the Period		Net Purchases, Sales and Settlements			Balance at December 31, 2018
Real Estate	$	26	$	—	$	14	$	(40	)	$	—
Private Equity		14		1		—		(9	)		6
Total	$	40	$	1	$	14	$	(49	)	$	6

	U.S.
			Net Realized and Unrealized Gains
(in millions)	Balance at January 1, 2017		Relating to Assets Still Held		Relating to Assets Sold During the Period		Net Purchases, Sales and Settlements			Balance at December 31, 2017
Real Estate	$	32	$	5	$	—	$	(11	)	$	26
Private Equity		14		3		—		(3	)		14
Total	$	46	$	8	$	—	$	(14	)	$	40

Schedule Of Expected Pension Plan Payments [Table Text Block]

The following pension benefit payments, which reflect expected future service, are expected to be paid (in millions):

	U.S.		Non-U.S.
2019	$	317	$	48
2020		306		48
2021		295		48
2022		284		47
2023		274		46
2024 - 2028		1,214		215

Note 20 - Other Postretirement Benefits (Tables)

12 Months Ended

Dec. 31, 2018

Other Postretirement Benefits [Line Items]

Schedule of Changes in Projected Benefit Obligations [Table Text Block]

The measurement date used to determine the pension obligation for all funded and unfunded U.S. and Non-U.S. defined benefit plans is December 31.

	Year Ended December 31, 2018						Year Ended December 31, 2017
(in millions)	U.S.			Non-U.S.			U.S.			Non-U.S.
Change in Benefit Obligation
Projected benefit obligation at beginning of period	$	3,866		$	885		$	3,908		$	816
Service cost		13			3			12			3
Interest cost		109			12			115			12
Benefit payments		(414	)		(50	)		(352	)		(48	)
Actuarial (gain) loss		(174	)		—			170			37
Special termination benefits		5			—			13			—
Currency adjustments		—			(16	)		—			65
Projected benefit obligation at end of period	$	3,405		$	834		$	3,866		$	885

Change in Plan Assets
Fair value of plan assets at beginning of period	$	3,804		$	722		$	3,653		$	693
Gain on plan assets		55			5			503			27
Employer contributions		—			4			—			5
Benefit payments		(414	)		(50	)		(352	)		(48	)
Currency adjustments		—			(10	)		—			45
Fair value of plan assets at end of period	$	3,445		$	671		$	3,804		$	722

Over (under) funded status at end of period	$	40		$	(163	)	$	(62	)	$	(163	)

Accumulated benefit obligation at end of period	$	3,403		$	824		$	3,864		$	874

Schedule of Amounts from Other Post-retirement Plan Recognized in Balance Sheet [Table Text Block]

	As of December 31,
	2018			2017
Other current liabilities	$	(3	)	$	(4	)
Pension and other postretirement liabilities		(61	)		(67	)
	$	(64	)	$	(71	)

Schedule of Amounts Recognized in Accumulated Other Comprehensive Income (Loss) [Table Text Block]

	As of December 31,
	2018			2017
Net actuarial gain	$	(6	)	$	—

Schedule of Other Post-retirement Plan Recognized in Other Comprehensive (Income) Loss [Table Text Block]

	Year Ended December 31,
	2018			2017
Newly established loss (gain)	$	(6	)	$	—
Total gain recognized in Other comprehensive (loss) income	$	(6	)	$	—

Schedule of Other Post-retirement Plan, Net Benefit Costs [Table Text Block]

	Year Ended December 31,
	2018		2017
Components of net postretirement benefit cost:
Service cost	$	—	$	—
Interest cost		2		2
Other postretirement benefit cost from continuing operations	$	2	$	2

Schedule of Assumptions Used to Calculate Other Post-retirement Plan, Net Benefit Obligation [Table Text Block]

	Year Ended December 31,
	2018			2017
Discount rate		3.59	%		3.21	%
Salary increase rate		2.35	%		2.35	%

Schedule of Assumptions Used to Calculate Other Post-retirement Plan Net Benefit Costs [Table Text Block]

	Year Ended December 31,
	2018			2017
Effective rate for interest cost		2.88	%		2.89	%
Salary increase rate		2.35	%		2.35	%

Other Post-retirement Benefits, Schedule of Health Care Cost Trend Rates [Table Text Block]

	2018			2017
Healthcare cost trend		5.70	%		5.36	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)		3.38	%		4.36	%
Year that the rate reaches the ultimate trend rate		2038			2022

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]

	1% increase		1% decrease
Effect on total service and interest cost	$	—	$	—
Effect on postretirement benefit obligation		3		(3	)

Schedule of Expected Other Post-retirement Benefit Payments [Table Text Block]

2019	$	4
2020		3
2021		3
2022		3
2023		3
2024-2028		17

Other Postretirement Benefits Plan [Member]

Other Postretirement Benefits [Line Items]

Schedule of Changes in Projected Benefit Obligations [Table Text Block]

	Year Ended December 31,
	2018			2017
Net benefit obligation at beginning of period	$	71		$	72
Interest cost		2			2
Plan participants’ contributions		1			1
Actuarial gain		(6	)		(1	)
Benefit payments		(4	)		(4	)
Currency adjustments		—			1
Net benefit obligation at end of period	$	64		$	71

Underfunded status at end of period	$	(64	)	$	(71	)

Note 21 - Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2018

Earnings Per Share [Abstract]

Summary of Reconciliation of Basic and Diluted Earnings Per Share [Table Text Block]

A reconciliation of the amounts used to calculate basic and diluted earnings per share for the years ended December 31, 2018 and 2017 follows (in millions):

	Year Ended December 31,
	2018			2017
(Loss) earnings from continuing operations attributable to Eastman Kodak Company	$	(9	)	$	93
Less: Series A convertible preferred stock cash and accrued dividends		(11	)		(11	)
Less: Series A convertible preferred stock deemed dividends		(9	)		(8	)
(Loss) earnings from continuing operations available to common shareholders - basic and diluted	$	(29	)	$	74

Net (loss) income attributable to Eastman Kodak Company	$	(16	)	$	94
Less: Series A convertible preferred stock cash and accrued dividends		(11	)		(11	)
Less: Series A convertible preferred stock deemed dividends		(9	)		(8	)
Net (loss) income available to common shareholders - basic and diluted	$	(36	)	$	75

Weighted-average common shares outstanding - basic	42.7	42.5
Effect of dilutive securities:
Unvested restricted stock units	—	0.2
Weighted-average common shares outstanding - diluted	42.7	42.7

Note 22 - Stock-based Compensation (Tables)

12 Months Ended

Dec. 31, 2018

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]

	Number of Restricted Stock Units		Weighted-Average Grant Date Fair Values
Outstanding on December 31, 2017		468,681	$	12.21
Granted		785,545	$	3.66
Vested		270,952	$	12.39
Forfeited		279,526	$	6.88
Outstanding on December 31, 2018		703,748	$	4.72

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

	Shares Under Option		Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value ($ millions)
Outstanding on December 31, 2017		4,807,855	$	14.30
Granted		1,115,791	$	8.45
Forfeited		727,709	$	8.58
Outstanding on December 31, 2018		5,195,937	$	13.85	4.98		—
Exercisable on December 31, 2018		2,748,006	$	15.65	4.23		—
Expected to vest December 31, 2018		2,447,931	$	11.81	5.82		—

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

	Year Ended December 31,
	2018		2017
Weighted-average fair value of options granted	$	2.45	$	2.26
Weighted-average risk-free interest rate	2.70%		1.77%
Range of risk-free interest rates	2.59% - 2.95%		1.64% - 2.11%
Weighted-average expected option lives	4.5 years		4.5 years
Expected option lives	4.4 - 4.5 years		4.5 years
Weighted-average volatility	81%		46%
Range of expected volatilities	80% - 83%		46% - 49%
Weighted-average expected dividend yield	0.00%		0.00%

Note 24 - Other Comprehensive Loss (Tables)

12 Months Ended

Dec. 31, 2018

Comprehensive Income (Loss) [Table Text Block]

The changes in Other comprehensive loss by component, were as follows:

		Year Ended December 31,
(in millions)		2018			2017
Currency translation adjustments		$	(11	)	$	11

Pension and other postretirement benefit plan changes
Newly established net actuarial (loss) gain			(5	)		35
Tax benefit			1			11
Newly established net actuarial (loss) gain, net of tax			(4	)		46
Reclassification adjustments:
Amortization of prior service credit	^(a)		(8	)		(8	)
Amortization of actuarial losses (gains)	^(a)		4			(3	)
Recognition of gains due to settlements and curtailments	^(a)		(1	)		—
Total reclassification adjustments			(5	)		(11	)
Tax provision			—			1
Reclassification adjustments, net of tax			(5	)		(10	)
Pension and other postretirement benefit plan changes, net of tax			(9	)		36
Other comprehensive (loss) income		$	(20	)	$	47

^(a)	Reclassified to Pension (income) expense - refer to Note 19, "Retirement Plans" and Note 20, "Other Postretirement Benefits" for additional information.

Note 25 - Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Accumulated Other Comprehensive Loss [Table Text Block]

Accumulated other comprehensive loss is composed of the following:

	As of December 31,
(in millions)	2018			2017
Currency translation adjustments	$	(96	)	$	(85	)
Pension and other postretirement benefit plan changes		(315	)		(306	)
Ending balance	$	(411	)	$	(391	)

Note 26 - Segment Information (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Year Ended December 31,
	2018		2017
(in millions)
Print Systems	$	895	$	942
Enterprise Inkjet Systems		136		144
Software and Solutions		84		85
Consumer and Film		189		198
Advanced Materials and 3D Printing Technology		4		1
Eastman Business Park		17		16
Consolidated total	$	1,325	$	1,386

	Year Ended December 31,
(in millions)	2018			2017
Print Systems	$	27		$	49
Enterprise Inkjet Systems		4			3
Software and Solutions		—			(1	)
Consumer and Film		(19	)		(18	)
Advanced Materials and 3D Printing Technology		(14	)		(27	)
Eastman Business Park		3			4
Total of reportable segments		1			10
Depreciation and amortization		(70	)		(77	)
Restructuring costs and other		(17	)		(38	)
Stock-based compensation		(6	)		(9	)
Consulting and other costs ⁽¹⁾		(14	)		(5	)
Idle costs ⁽²⁾		(3	)		(4	)
Other operating (expense) income, net ⁽³⁾		(9	)		(28	)
Goodwill impairment loss⁽³⁾		—			(56	)
Interest expense ⁽³⁾		(9	)		(8	)
Pension income excluding service cost component ⁽³⁾		131			152
Other income (charges), net ⁽³⁾		(17	)		37
Consolidated loss from continuing operations before income taxes	$	(13	)	$	(26	)

⁽¹⁾	Consulting and other costs are professional services and internal costs associated with certain corporate strategic initiatives, including the divestiture of the Flexographic Packaging segment and debt refinancing.

⁽²⁾	Consists of third-party costs such as security, maintenance, and utilities required to maintain land and buildings in certain locations not used in any Kodak operations.

⁽³⁾	As reported in the Consolidated Statement of Operations.

(in millions)	Year Ended December 31,
Intangible asset amortization expense from continuing operations:	2018		2017
Print Systems	$	6	$	8
Enterprise Inkjet Systems		4		3
Software & Solutions		—		1
Consumer & Film		1		1
Advanced Materials and 3D Printing		—		4
Consolidated total	$	11	$	17

(in millions)	Year Ended December 31,
Depreciation expense from continuing operations:	2018		2017
Print Systems	$	38	$	37
Enterprise Inkjet Systems		8		8
Software & Solutions		2		1
Consumer & Film		3		7
Advanced Materials and 3D Printing		3		4
Eastman Business Park		5		3
Consolidated total	$	59	$	60

Long-lived Assets by Geographic Areas [Table Text Block]

(in millions)	Year Ended December 31,
Long-lived assets ⁽¹⁾ located in:	2018		2017
The United States	$	104	$	114
Europe, Middle East and Africa		35		50
Asia Pacific		40		48
Canada and Latin America		67		82
Non-U.S. countries total ⁽²⁾		142		180
Consolidated total	$	246	$	294

⁽¹⁾	Long-lived assets are comprised of property, plant and equipment, net.

⁽²⁾	Of the total non-U.S. property, plant and equipment in 2018, $60 million are located in Brazil and $31 million are located in China. Of the total non-U.S. property, plant and equipment in 2017, $71 million are located in Brazil and $38 million are located in China.

Note 27 - Discontinued Operations (Tables) - Flexographic Packaging Segment [Member]

12 Months Ended

Dec. 31, 2018

Schedule of Disposal Groups Including Discontinued Operations Income Statement [Table Text Block]

The results of operations of the Business are presented below:

	Year Ended December 31,
(in millions)	2018			2017
Revenues	$	148		$	145

Cost of sales		90			87
Selling, general and administrative expenses		21			15
Research and development expenses		8			6
Interest expense		27			24
Earnings from continuing operations before income taxes		2			13
Provision for income taxes		9			10
(Loss) earnings from discontinued operations	$	(7	)	$	3

Schedule of Disposal Groups Including Discontinued Operations Consolidated Statement of Financial Position [Table Text Block]

The following table presents the aggregate carrying amount of major assets and liabilities of the Business:

(in millions)	2018		2017
ASSETS
Cash and cash equivalents	$	2	$	1
Trade receivables, net		28		29
Inventories, net		33		30
Property, plant and equipment, net		28		20
Goodwill		20		20
Intangible assets		1		2
Other assets		1		—
Assets of business held for sale	$	113	$	102

LIABILITIES
Accounts payable, trade	$	9	$	14
Other current liabilities		7		7
Pension and other postretirement liabilities		4		4
Liabilities of business held for sale	$	20	$	25

Schedule Of Disposal Groups Including Discontinued Operations Cash Flow Information [Table Text Block]

The following table presents cash flow information associated with the Business:

	Year Ended December 31,
(in millions)	2018		2017
Depreciation	$	2	$	2
Amortization		1		1
Capital expenditures		7		12

Note 1 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Millions			12 Months Ended
	Jan. 01, 2019	Sep. 03, 2013	Dec. 31, 2018	Dec. 31, 2017	Jan. 01, 2018
Summary Of Significant Accounting Policies [Line Items]
Cash And Cash Equivalents			$ 246	$ 343
Outstanding inter-company loans			390	358
Short-Term Intercompany Loans			92	59
Net decrease in cash and cash equivalents and restricted cash			102	109
Estimated recoveries			20	25
Advertising Expense			4	6
Decrease to the opening balance of retained earnings			200	174
Cumulative effect adjustment recorded			(10)
ASU 2014-09 [Member]
Summary Of Significant Accounting Policies [Line Items]
Decrease to the opening balance of retained earnings					$ 184
Cumulative effect adjustment recorded			3
ASU 2014-09 [Member] \| New Brand Licensing Arrangements [Member]
Summary Of Significant Accounting Policies [Line Items]
Cumulative effect adjustment recorded			(3)
ASU 2014-09 [Member] \| Effect of Change Higher (Lower) [Member]
Summary Of Significant Accounting Policies [Line Items]
Decrease to the opening balance of retained earnings			10		$ 10
ASU 2016-02 [Member] \| Subsequent Event [Member]
Summary Of Significant Accounting Policies [Line Items]
Cumulative effect adjustment recorded to retained earnings	$ 5
Other Long-Term Assets [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated recoveries			17	22
Other Current Assets [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated recoveries			$ 3	3
Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Service agreements prepayment period			3 months
Revenue recognition payment terms			30 days
Interest for payment terms			1 year
Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Service agreements prepayment period			6 years
Revenue recognition payment terms			60 days
Equipment Subject to Operating Leases [Member] \| Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life			3 years
Equipment Subject to Operating Leases [Member] \| Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life			7 years
United States [Member]
Summary Of Significant Accounting Policies [Line Items]
Cash And Cash Equivalents			$ 117	172
Outside US [Member]
Summary Of Significant Accounting Policies [Line Items]
Cash And Cash Equivalents			129	171
China [Member]
Summary Of Significant Accounting Policies [Line Items]
Cash And Cash Equivalents			72	108
ABL Credit Agreement [Member]
Summary Of Significant Accounting Policies [Line Items]
Letter of credit			$ 85	$ 96
Termination date			Jun. 05, 2019
First Lien Term Loan [Member]
Summary Of Significant Accounting Policies [Line Items]
Debt Instrument Face Amount		$ 420	$ 395
Debt Instrument, Maturity Date		Sep. 03, 2019	Sep. 03, 2019

Note 1 - Property, Plant and Equipment Estimated Useful Lives (Details)	12 Months Ended
	Dec. 31, 2018
Building and Building Improvements [Member] \| Minimum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	5 years
Building and Building Improvements [Member] \| Maximum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	40 years
Land Improvements [Member] \| Minimum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	4 years
Land Improvements [Member] \| Maximum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	20 years
Leasehold Improvements [Member] \| Minimum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	3 years
Leasehold Improvements [Member] \| Maximum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	20 years
Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	3 years
Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	20 years
Tools, Dies and Molds [Member] \| Minimum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	1 year
Tools, Dies and Molds [Member] \| Maximum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	3 years
Furniture and Fixtures [Member] \| Minimum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	5 years
Furniture and Fixtures [Member] \| Maximum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	10 years

Note 1 - Summary of Significant Accounting Policies (Details Textual 1) $ in Millions	Dec. 31, 2018 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2019-01-01
Summary Of Significant Accounting Policies [Line Items]
Unrecognized revenue from unsatisfied performance obligations	$ 70
Unsatisfied performance obligations, expected to be recognized	35.00%
Unsatisfied performance obligations, expected timing of satisfaction	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2020-01-01
Summary Of Significant Accounting Policies [Line Items]
Unsatisfied performance obligations, expected to be recognized	30.00%
Unsatisfied performance obligations, expected timing of satisfaction	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2021-01-01
Summary Of Significant Accounting Policies [Line Items]
Unsatisfied performance obligations, expected to be recognized	15.00%
Unsatisfied performance obligations, expected timing of satisfaction	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-01-01
Summary Of Significant Accounting Policies [Line Items]
Unsatisfied performance obligations, expected to be recognized	20.00%
Unsatisfied performance obligations, expected timing of satisfaction

Note 1 - Cumulative Effect of Changes made to Consolidated Statement of Financial Position on Adoption of Accounting Standards (Details) - USD ($) $ in Millions	Dec. 31, 2018	Jan. 01, 2018	Dec. 31, 2017
Liabilities
Other current liabilities	$ 213		$ 211
Other long-term liabilities	179		202
Equity (Deficit)
Accumulated deficit	(200)		(174)
Balances without Adoption of ASU 2014-09 [Member]
Liabilities
Other current liabilities			211
Other long-term liabilities			202
Equity (Deficit)
Accumulated deficit			$ (174)
ASU 2014-09 [Member]
Liabilities
Other current liabilities		$ 213
Other long-term liabilities		210
Equity (Deficit)
Accumulated deficit		(184)
ASU 2014-09 [Member] \| Balances without Adoption of ASU 2014-09 [Member]
Liabilities
Other current liabilities	209
Other long-term liabilities	173
Equity (Deficit)
Accumulated deficit	(190)
ASU 2014-09 [Member] \| Effect of Change Higher (Lower) [Member]
Liabilities
Other current liabilities	4	2
Other long-term liabilities	6	8
Equity (Deficit)
Accumulated deficit	$ (10)	$ (10)

Note 1 - Summary of Impact of Adoption on Consolidated Statement of Operations and Consolidated Statement of Financial Position (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Jan. 01, 2018

Revenues

$ 1,325

^[1]

$ 1,386

(16)

213

211

179

202

Balances without Adoption of ASU 2014-09 [Member]

(200)

(174)

211

202

(174)

ASU 2014-09 [Member]

$ 213

210

ASU 2014-09 [Member] | Balances without Adoption of ASU 2014-09 [Member]

(184)

Revenues

1,325

(16)

209

173

ASU 2014-09 [Member] | Effect of Change Higher (Lower) [Member]

(190)

(10)

$ (10)

Product [Member]

Revenues

Product [Member] | ASU 2014-09 [Member] | Balances without Adoption of ASU 2014-09 [Member]

1,044

1,096

Revenues

1,044

Service [Member]

Revenues

Service [Member] | ASU 2014-09 [Member] | Balances without Adoption of ASU 2014-09 [Member]

281

$ 290

Revenues