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Inventory Disclosure [Text Block]

NOTE 3: INVENTORIES, NET

	March 31,		December 31,
(in millions)	2018		2017
Finished goods	$	170	$	159
Work in process		64		57
Raw materials		71		60
Total	$	305	$	276

Note 4 - Other Current Liabilities

3 Months Ended

Mar. 31, 2018

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

NOTE 4: OTHER CURRENT LIABILITIES

	March 31,		December 31,
(in millions)	2018		2017
Employee related liabilities	$	50	$	47
Deferred revenue		32		30
Deferred consideration on disposed businesses		24		10
Customer rebates		23		29
Workers compensation		10		10
Restructuring liabilities		8		10
Other		77		81
Total	$	224	$	217

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

Note 5 - Other Long-term Liabilities

3 Months Ended

Mar. 31, 2018

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

NOTE 5: OTHER LONG-TERM LIABILITIES

	March 31,		December 31,
(in millions)	2018		2017
Workers compensation	$	96	$	96
Asset retirement obligations		46		43
Deferred taxes		16		16
Deferred consideration on disposed businesses		—		14
Environmental liabilities		12		12
Embedded conversion features derivative liability ⁽¹⁾		9		—
Other		28		21
Total	$	207	$	202

⁽¹⁾

Refer to Note 21, “Financial Instruments”

Note 6 - Debt And Capital Leases

3 Months Ended

Mar. 31, 2018

Debt Disclosure [Abstract]

Debt and Capital Leases Disclosures [Text Block]

NOTE 6: DEBT AND CAPITAL LEASES

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

(in millions)				March 31, 2018		December 31, 2017
	Type	Maturity	Weighted-Average Effective Interest Rate	Carrying Value		Carrying Value
Current portion:
	Capital leases	Various	Various		3		3
	Other debt	Various	Various		1		1
					4		4
Non-current portion:
	Term note	2019	7.34%		393		393
	Capital leases	Various	Various		4		4
	Other debt	Various	Various		2		2
					399		399
				$	403	$	403

On September 3, 2013, the Company entered into (i) a Senior Secured First Lien Term Credit Agreement (the “First Lien 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 First Lien 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 First Lien 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 First Lien Term Credit Agreement). The Second Lien Term Credit Agreement was prepaid and terminated on November 15, 2016.

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 agreement.

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 First Lien Term Credit Agreement) plus 5.25%. 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 First Lien 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 Company may voluntarily prepay the First Lien Loan.

As defined in the First Lien 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. During 2016 and 2017, Kodak prepaid $11 million of principal under the First Lien Term Credit Agreement. Under the terms of the First Lien 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 First Lien Term Credit Agreement, provided no such prepayment is required if such prepayment would cause U.S. liquidity (as defined in the First Lien Term Credit Agreement) to be less than $100 million or the Secured Leverage ratio is less than 2.25 to 1.00. For the year ended December 31, 2017 ECF was a negative amount. Therefore, no prepayment of First Lien term debt was required. Any mandatory prepayments as described above shall be reduced by any mandatory prepayments of the First Lien Loan.

Under the First Lien 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 First Lien 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 First Lien Term Credit Agreement is 2.75:1. As of March 31, 2018 and December 31, 2017, Kodak was in compliance with all covenants under the First Lien Term Credit 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 Amended 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 will be 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 had sales of approximately $2 million for the quarter ended March 31, 2018 and assets of $23 million as of March 31, 2018, which represent 0% and 1%, respectively, of Kodak’s consolidated sales for the quarter ended March 31, 2018 and consolidated assets as of March 31, 2018. Each of the capitalized but undefined terms has the meaning ascribed to such term in the Credit Agreements.

Kodak intends to conduct its operations in a manner that will result in continued compliance with the Credit Agreements; however, compliance for future quarters may depend on Kodak undertaking one or more non-operational transactions, such as the repatriation of cash into the U.S., the management of operating cash outflows, the designation of additional subsidiaries as Unrestricted Subsidiaries, a monetization of assets, a debt refinancing, the raising of equity capital, or a similar transaction. If Kodak is unable to remain in compliance and does not make alternate arrangements with its term lenders, an event of default would occur under Kodak’s credit agreements which, among other remedies, would entitle the lenders or their agents to declare the outstanding obligations under the Term Credit Agreement to be immediately due and payable. There is no assurance Kodak will be able to complete any non-operational transaction it may undertake to maintain compliance with covenants under the Credit Agreements or to refinance, or otherwise pay, the First Lien Loans on or before the maturity date of September 3, 2019 or the obligations under the ABL Credit Agreement on June 6, 2019 if the First Lien Loans are not refinanced or paid on or before such date.

Amended and Restated 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 “Amended Credit Agreement” or “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 Amended Credit Agreement has the meaning ascribed to such term in the Amended Credit Agreement.

The Amended 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 Amended 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 Amended 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 $79 million and $96 million of letters of credit under the Amended Credit Agreement as of March 31, 2018 and December 31, 2017, respectively. The Company had approximately $36 million and $20 million of Excess Availability under the Amended Credit Agreement as of March 31, 2018 and December 31, 2017, respectively. 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 $14 million, as of March 31, 2018 (which $14 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 Amended 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 March 31, 2018 and December 31, 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 March 31, 2018 and December 31, 2017, Kodak is not required to have a minimum Fixed Charges Coverage Ratio of 1.0 to 1.0. As of March 31, 2018 and December 31, 2017, Kodak was in compliance with all the covenants under the Amended Credit Agreement.

Note 7 - Commitments and Contingencies	3 Months Ended
Note 7 - Commitments and Contingencies	Mar. 31, 2018
Disclosure Text Block [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 7: COMMITMENTS AND CONTINGENCIES As of March 31, 2018, the Company had outstanding letters of credit of $79 million issued under the Amended Credit Agreement, as well as bank guarantees and letters of credit of $4 million, surety bonds in the amount of $53 million, and restricted cash and deposits of $26 million, primarily to ensure the payment of possible casualty and workers’ compensation claims, environmental liabilities, legal contingencies and rental payments and to support various customs, tax and trade activities. The restricted cash and deposits are reflected 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 March 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 $24 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 March 31, 2018, Kodak has posted security composed of $6 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 $71 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. 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 position 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 8 - Guarantees

3 Months Ended

Mar. 31, 2018

Revenue From Contract With Customer [Abstract]

Guarantees [Text Block]

NOTE 8: GUARANTEES

EKC guarantees obligations to third parties for some of its consolidated subsidiaries. The maximum amount guaranteed is $7 million and the outstanding amount for those guarantees is $3 million.

In connection with the settlement of certain of the Company’s historical environmental liabilities at Eastman Business Park, 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 for this guarantee.

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. The change in Kodak’s deferred revenue balance in relation to these extended warranty and maintenance arrangements from December 31, 2017 to March 31, 2018, 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, 2017	$	23
New extended warranty and maintenance arrangements in 2018		28
Recognition of extended warranty and maintenance arrangement revenue in 2018		(29	)
Deferred revenue on extended warranties as of March 31, 2018	$	22

Note 9 - Revenue

3 Months Ended

Mar. 31, 2018

Revenue [Text Block]

NOTE 9: REVENUE

Revenue Recognition

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; and intellectual property and brand licensing. Revenue from services includes extended warranty, customer support and maintenance agreements, consulting, business process services, training and education.

Revenues are 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 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 are 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, Packaging 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.

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 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 March 31, 2018, there was approximately $75 million of remaining performance obligations. Approximately 30% of the remaining performance obligations are expected to be recognized in 2018, and 2019, 20% in 2020 and 20% thereafter.

Disaggregation of Revenue

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

Major product:

	Three Months Ended
	March 31, 2018
	Print Systems		Enterprise Inkjet Solutions		Flexographic Packaging Printing		Software & Solutions		Consumer & Film		Advanced Materials and 3D Technology Solutions		Eastman Business Park		Total
Plates, inks and other consumables	$	167	$	8	$	32	$	—	$	5	$	—	$	—	$	212
Ongoing service arrangements ⁽¹⁾		34		20		2		12		—		—		—		68
Total Annuities		201		28		34		12		5		—		—		280
Equipment & Software		15		3		3		4		—		—		—		25
Film and chemicals		—		—		—		—		40		—		—		40
Other ₍₂₎		—		—		—		4		3		1		4		12
Total	$	216	$	31	$	37	$	20	$	48	$	1	$	4	$	357

⁽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, project-based document management and managed print services businesses, tenant rent and related property management services and licensing.

Product Portfolio Summary:

	Three Months Ended
	March 31, 2018
	Print Systems		Enterprise Inkjet Solutions		Flexographic Packaging Printing		Software & Solutions		Consumer & Film		Advanced Materials and 3D Printing		Eastman Business Park		Total
Growth engines ⁽¹⁾	$	35	$	18	$	29	$	20	$	3	$	1	$	—	$	106
Strategic other businesses ⁽²⁾		170		—		8		—		40		—		4		222
Planned declining businesses ⁽³⁾		11		13		—		—		5		—		—		29
	$	216	$	31	$	37	$	20	$	48	$	1	$	4	$	357

⁽¹⁾	Growth engines consist of Sonora, PROSPER, FLEXCEL NX, Software and Solutions, AM3D 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, non-FLEXCEL NX in the Flexographic Packaging segment, Motion Picture and Industrial Film and Chemicals in the Consumer and Film segment, Eastman Business Park and intellectual property 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:

	Three Months Ended
	March 31, 2018
	Print Systems		Enterprise Inkjet Solutions		Flexographic Packaging Printing		Software & Solutions		Consumer & Film		Advanced Materials and 3D Technology Solutions		Eastman Business Park		Total
United States	$	57	$	11	$	6	$	7	$	32	$	1	$	4	$	118
Canada		3		—		1		1		1		—		—		6
North America		60		11		7		8		33		1		4		124
Europe, Middle East and Africa		93		12		16		6		5		—		—		132
Asia Pacific		49		7		7		5		10		—		—		78
Latin America		14		1		7		1		—		—		—		23
Total Sales	$	216	$	31	$	37	$	20	$	48	$	1	$	4	$	357

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 March 31, 2018 and December 31, 2017 were $2 million and $3 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 March 31, 2018 and December 31, 2017 were $46 million and $37 million, respectively, of which $38 million and $37 million, respectively, are reported in Other current liabilities and $8 million and $0 million, respectively, are reported in Other long-term liabilities in the Consolidated Statement of Financial Position.

Revenue recognized for the three-month period ended March 31, 2018 that was included in the contract liability balance at the beginning of the year was $25 million, and primarily represented revenue from prepaid service contracts and equipment revenue recognition. Contract liabilities as of March 31, 2018 include $23 million of cash payments received during the three-month period ended March 31, 2018.

Note 10 - Other Operating Expense (Income), Net

3 Months Ended

Mar. 31, 2018

Other Operating Expense (Income) [Text Block]

NOTE 10: OTHER OPERATING EXPENSE (INCOME), NET

	Three Months Ended
	March 31,
(in millions)	2018			2017
Expense (income):
Prosper asset remeasurement ⁽¹⁾	$	—		$	12
Gain on sale of assets		(1	)		(2	)
Other		1			—
Total	$	—		$	10

⁽¹⁾

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 had the Prosper assets been continuously classified as held and used.

Note 11 - Other Charges (Income), Net

3 Months Ended

Mar. 31, 2018

Other Nonoperating Income and Expense [Text Block]

NOTE 11: OTHER CHARGES (INCOME), NET

	Three Months Ended
	March 31,
(in millions)	2018		2017
Change in fair value of embedded conversion features derivative liability ⁽¹⁾	$	14	$	(22	)
Loss on foreign exchange transactions		2		1
Other		—		1
Total	$	16	$	(20	)

⁽¹⁾	Refer to Note 21, “Financial Instruments”.

Note 12 - Income Taxes

3 Months Ended

Mar. 31, 2018

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

NOTE 12: INCOME TAXES

On December 22, 2017, President Trump signed into law tax legislation known as the 2017 Tax Act. The 2017 Tax Act changed many aspects of U.S. corporate income taxation and included a reduction of the corporate income tax rate from 35% to 21%, the implementation of a territorial tax system and the imposition of a tax on deemed repatriated earnings of foreign subsidiaries.

Effective January 1, 2018, the 2017 Tax Act also includes a provision to tax global intangible low-taxed income (“GILTI”) of foreign subsidiaries, a base erosion anti-abuse tax (“BEAT”) measure that taxes certain payments between a U.S. corporation and its subsidiaries and a foreign derived intangible income (“FDII”) deduction which would reduce U.S. taxable income. Kodak provided the applicable provisional tax impacts in its consolidated financial statements for the quarter ended March 31, 2018 which were fully offset by Kodak’s U.S. valuation allowance resulting in no net tax provision for the quarter.

Given the complexity of the GILTI provisions, Kodak is still evaluating the effects and has not yet determined its accounting policy. For the quarter ended March 31, 2018, Kodak is still evaluating the GILTI provisions and the analysis of future taxable income that is subject to GILTI. Therefore, Kodak has included GILTI related to current year operations only in its estimated annual effective tax rate and has not provided additional GILTI on deferred items. The impact was fully offset by Kodak’s U.S. valuation allowance, resulting in no net tax provision for the quarter.

Staff Accounting Bulletin No. 118, Income Tax Accounting Implications of the Tax Cuts and Jobs Act, (“SAB 118”) addresses 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 has recognized the provisional tax impacts to the extent needed and included these amounts in its consolidated financial statements for the quarter ended March 31, 2018. The ultimate impact may materially differ from these provisional amounts as a result of additional analysis, changes in interpretations and assumptions Kodak has made, additional regulatory guidance that may be issued, actions Kodak may take as a result of the 2017 Tax Act and other factors. The accounting is expected to be complete when the 2017 U.S. corporate income tax return is filed in 2018.

Kodak’s income tax provision (benefit) and effective tax rate were as follows:

	Three Months Ended
	March 31,
(in millions)	2018			2017
(Loss) earnings from continuing operations before income taxes	$	(18	)	$	10
Effective tax rate		(38.9	)%		30.0	%
Provision for income taxes		7			3
(Benefit) provision for income taxes @ U.S. statutory tax rate		(4	)		4
Difference between tax at effective vs. statutory rate	$	11		$	(1	)

For the three months ended March 31, 2018, the difference between Kodak’s recorded provision and the benefit that would result from applying the U.S. statutory rate of 21.0% is primarily attributable to: (1) the impact related to existing valuation allowances associated with changes in net deferred tax assets from current earnings and losses, (2) the results from operations in jurisdictions outside the U.S. and (3) a provision associated with foreign withholding taxes on undistributed earnings.

For the three months ended March 31, 2017, the difference between Kodak’s recorded provision and the provision that would result from applying the U.S. statutory rate of 35.0% is primarily attributable to: (1) the impact related to existing valuation allowances associated with changes in net deferred tax assets from current earnings and losses, (2) a provision associated with foreign withholding taxes on undistributed earnings and (3) changes in audit reserves.

Note 13 - Restructuring Liabilities

3 Months Ended

Mar. 31, 2018

Restructuring And Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

NOTE 13: RESTRUCTURING LIABILITIES

Charges for restructuring activities 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. Restructuring actions taken in the first three months of 2018 were initiated to reduce Kodak’s cost structure as part of its commitment to drive sustainable profitability and included various targeted reductions in manufacturing, service, sales, and other administrative functions.

Restructuring Reserve Activity

The activity in the accrued balances and the non-cash charges and credits incurred in relation to restructuring activities for the three months ended March 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, 2017	$	6		$	4	$	—	$	10
Q1 charges		2			—		—		2
Q1 utilization/cash payments		(4	)		—		—		(4	)
Balance as of March 31, 2018	$	4		$	4	$	—	$	8

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

For the three months ended March 31, 2018 the $2 million of charges were reported as Restructuring costs and other.

The severance costs for the three months ended March 31, 2018 related to the elimination of approximately 35 positions including approximately 10 manufacturing/service positions and 25 administrative and sales positions. These positions were located primarily outside of the United States and Canada.

As a result of these initiatives, the majority of the severance will be paid during periods through the end of 2018.

Note 14 - Retirement Plans and Other Postretirement Benefits

3 Months Ended

Mar. 31, 2018

Pension and Other Postretirement Benefits Disclosure [Text Block]

NOTE 14: RETIREMENT PLANS AND OTHER POSTRETIREMENT BENEFITS

Components of the net periodic benefit cost for all major U.S. and Non-U.S. defined benefit plans are as follows:

	Three Months Ended
	March 31,
	2018						2017
(in millions)	U.S.			Non-U.S.			U.S.			Non-U.S.
Major defined benefit plans:
Service cost	$	3		$	1		$	3		$	1
Interest cost		28			3			29			3
Expected return on plan assets		(56	)		(7	)		(61	)		(7	)
Amortization of:
Prior service credit		(2	)		—			(2	)		—
Actuarial loss		1			1			—			1
Net pension income before special termination benefits		(26	)		(2	)		(31	)		(2	)
Special termination benefits		—			—			1			—
Net pension income		(26	)		(2	)		(30	)		(2	)
Other plans		—			—			—			—
Total net pension income	$	(26	)	$	(2	)	$	(30	)	$	(2	)

For the three months ended March 31, 2017 the special termination benefits charges were incurred as a result of Kodak’s restructuring actions.

Note 15 - Redeemable, Convertible Series A Preferred Stock	3 Months Ended
	Mar. 31, 2018
Temporary Equity Disclosure [Abstract]
Redeemable, Convertible Series A Preferred Stock [Text Block]	NOTE 15: 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. The Company has classified the Series A Preferred Stock as temporary equity in the Consolidated Statement of Financial Position. Kodak allocated $43 million of the net proceeds received to a derivative liability based on the aggregate fair value of the embedded conversion features on the date of issuance which reduced the net carrying value of the Series A Preferred Stock (see Note 21, “Financial Instruments”). 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. The holders of Series A Preferred Stock are entitled to cumulative dividends payable quarterly in cash at a rate of 5.50% per annum. All dividends owed on the Series A Preferred Stock have been declared and paid when due. As of March 31, 2018, the Series A Preferred Stock has not been converted and none of the antidilution provisions have been triggered. Any shares of Series A Preferred Stock not converted prior to the fifth anniversary of the initial issuance of the Series A Preferred Stock are required to be redeemed at $100 per share plus the amount of accrued and unpaid dividends.

Note 16 - Earnings Per Share

3 Months Ended

Mar. 31, 2018

Earnings Per Share [Text Block]

NOTE 16: EARNINGS PER SHARE

Basic earnings per share computations are based on the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share include any dilutive effect of potential common shares. In periods with a net loss from continuing operations available to common shareholders, 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 three months ended March 31, 2018 and 2017 follows: (in millions):

	Three Months Ended
	March 31,
(in millions)	2018			2017
Net (loss) earnings attributable to Eastman Kodak Company	$	(25	)	$	7
Less: Series A convertible preferred stock cash dividend		(3	)		(3	)
Less: Series A convertible preferred stock deemed dividend		(2	)		(2	)
Net (loss) earnings available to common shareholders - basic and diluted	$	(30	)	$	2

(in millions of shares)
Weighted average shares - basic	42.6	42.4
Effect of dilutive securities
Unvested restricted stock units	—	0.2
Employee stock options	—	0.1
Weighted average shares - diluted	42.6	42.7

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

The computation of diluted earnings per share for the three months ended March 31, 2018 and March 31, 2017 also excluded the impact of (1) the assumed conversion of 2.0 million shares of Series A convertible preferred shares, (2) the assumed conversion of net share settled warrants to purchase 1.8 million shares of common stock at an exercise price of $14.93, (3) the assumed conversion of net share settled warrants to purchase 1.8 million shares of common stock at an exercise price of $16.12 and (4) the assumed conversion of 5.0 million and 1.8 million, respectively, outstanding employee stock options because the effects would have been anti-dilutive.

Note 17 - Shareholders' Equity	3 Months Ended
Note 17 - Shareholders' Equity	Mar. 31, 2018
Disclosure Text Block [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	NOTE 17: SHAREHOLDERS’ EQUITY Kodak 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 March 31, 2018 and 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. Treasury stock consisted of approximately 0.6 million shares at both March 31, 2018 and December 31, 2017.

Note 18 - Other Comprehensive Income

3 Months Ended

Mar. 31, 2018

Comprehensive Income (Loss) Note [Text Block]

NOTE 18: OTHER COMPREHENSIVE INCOME

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

		Three Months Ended
		March 31,
(in millions)		2018			2017
Currency translation adjustments		$	13		$	14
Pension and other postretirement benefit plan changes
Reclassification adjustments:
Amortization of prior service credit	^(a)		(2	)		(2	)
Amortization of actuarial (gains) losses	^(a)		1			(1	)
Recognition of losses due to settlements			1			—
Total reclassification adjustments			—			(3	)
Pension and other postretirement benefit plan changes, net of tax			—			(3	)
Other comprehensive income		$	13		$	11

^(a)	Reclassified to Total Net Periodic Benefit Cost - refer to Note 14, "Retirement Plans and Other Postretirement Benefits".

Note 19 - Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2018

Accumulated Other Comprehensive Loss [Text Block]

NOTE 19: ACCUMULATED OTHER COMPREHENSIVE LOSS

Accumulated other comprehensive loss is composed of the following:

	March 31,			December 31,
(in millions)	2018			2017
Currency translation adjustments	$	(72	)	$	(85	)
Pension and other postretirement benefit plan changes		(306	)		(306	)
Ending balance	$	(378	)	$	(391	)

Note 20 - Segment Information

3 Months Ended

Mar. 31, 2018

Segment Reporting Disclosure [Text Block]

NOTE 20: SEGMENT INFORMATION

Kodak has seven reportable segments: Print Systems, Enterprise Inkjet Systems, Flexographic Packaging, 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.

Flexographic Packaging: The Flexographic Packaging segment is comprised of the Packaging line of 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:

Segment Revenues

	Three Months Ended
	March 31,
(in millions)	2018		2017
Print Systems	$	216	$	213
Enterprise Inkjet Systems		31		37
Flexographic Packaging		37		33
Software and Solutions		20		21
Consumer and Film		48		49
Advanced Materials and 3D Printing Technology		1		—
Eastman Business Park		4		4
Consolidated total	$	357	$	357

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

	Three Months Ended
	March 31,
(in millions)	2018			2017
Print Systems	$	4		$	12
Enterprise Inkjet Systems		—			—
Flexographic Packaging		7			6
Software and Solutions		—			—
Consumer and Film		(6	)		(4	)
Advanced Materials and 3D Printing Technology		(4	)		(8	)
Eastman Business Park		—			—
Total of reportable segments		1			6
Depreciation and amortization		(19	)		(19	)
Restructuring costs and other		(2	)		(13	)
Stock based compensation		(2	)		(2	)
Consulting and other costs ⁽¹⁾		(3	)		(1	)
Idle costs ⁽²⁾		(1	)		(1	)
Other operating (expense) income, net ⁽³⁾		—			(10	)
Interest expense ⁽³⁾		(8	)		(8	)
Pension income excluding service cost component ⁽³⁾		32			38
Other (charges) income, net ⁽³⁾		(16	)		20
Consolidated (loss) earnings from continuing operations before income taxes	$	(18	)	$	10

⁽¹⁾	Consulting and other costs are professional services and internal costs associated with certain corporate strategic initiatives.

⁽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.

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 above table, Operational EBITDA represents the (loss) earnings from continuing operations excluding the provision for income taxes; non-service cost components of pension and OPEB income; depreciation and amortization expense; restructuring costs; stock-based compensation expense; consulting and other costs; idle costs; other operating expense, net (unless otherwise indicated); goodwill impairment losses; interest expense; and other (charges) income, 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 Profitability

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.

Note 21 - Financial Instruments

3 Months Ended

Mar. 31, 2018

Fair Value Disclosures [Text Block]

NOTE 21: 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. 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 (loss) earnings at the same time that the exposed assets and liabilities are remeasured through net (loss) earnings (both in Other charges (income), net in the Consolidated Statement of Operations). The notional amount of such contracts open at March 31, 2018 and December 31, 2017 was approximately $647 million and $534 million, respectively. The majority of the contracts of this type held by Kodak as of March 31, 2018 and December 31, 2017 are 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:

	Three Months Ended
	March 31,
(in millions)	2018		2017
Net loss from derivatives not designated as hedging instruments	$	—	$	4

Kodak had no derivatives designated as hedging instruments for the three months ended March 31, 2018.

In the event of a default under the Company’s Senior Secured First Lien Term Credit Agreement, the Amended Credit Agreement, 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 15, “Redeemable, Convertible, Series A Preferred Stock”, 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 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 (“Optional Conversion”); the ability of Kodak to automatically convert the stock after the second anniversary of issuance (“Mandatory Conversion”) and the conversion in the event of a fundamental change or reorganization (“Fundamental Change or Reorganization Conversion”). 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. The derivative is in a liability position at March 31, 2018 and in an asset position at December 31, 2017, and is reported in Other long-term liabilities and Other long-term assets, respectively, in the Consolidated Statement of Financial Position. The derivative is being accounted for at fair value with changes in fair value being reported in Other charges (income), 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 Receivables, net and the gross fair value of foreign currency forward contracts in a liability position are reported in Other current liabilities in the Consolidated Statement of Financial Position. The gross fair value of forward contracts in an asset position as of March 31, 2018 and December 31, 2017 was $10 million and $7 million, respectively. The gross fair value of forward contracts in a liability position as of March 31, 2018 and December 31, 2017 was not material.

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 three months ended March 31, 2018.

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

	Valuation Date
	March 31,			December 31,
	2018			2017
Total value of embedded derivative liability (asset) ($ millions)	$	9		$	(4	)
Kodak's closing stock price		5.35			3.10
Expected stock price volatility		88.37	%		58.22	%
Risk free rate		2.44	%		2.08	%
Yield on the preferred stock		17.21	%		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. Unless events occur which would alter the likelihood of a fundamental change or reorganization event, the value of the Fundamental Change and Reorganization Conversion reflects the value as of the issuance date, amortized for the passage of time. The Fundamental Change and Reorganization Conversion value exceeded the value of the Optional Conversion and Mandatory Conversion values at December 31, 2017 resulting in the derivative being reported as an asset.

The fair values of long-term debt (Level 2 fair value measurements) are 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 values of long-term borrowings were $377 million and $348 million at March 31, 2018 and December 31, 2017, respectively.

The carrying values of cash and cash equivalents and restricted cash approximate their fair values.

- 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

Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2018

Accounting Policies [Abstract]

Basis of Accounting, Policy [Policy Text Block]

BASIS OF PRESENTATION

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	$	217		$	2		$	219
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 were as follows:

	Three Months Ended March 31, 2018
(in millions)	As Reported			Balances without Adoption of ASU 2014-09			Effect of Change Higher (Lower)
Revenues
Sales	$	285		$	284		$	1
Services		72			72			—
Total revenues		357			356			1

Net income	$	(25	)	$	(26	)	$	1

	March 31, 2018
(in millions)	As Reported			Balances without Adoption of ASU 2014-09			Effect of Change Higher (Lower)
Liabilities
Other current liabilities	$	224		$	222		$	2
Other long-term liabilities		207			200			7

Deficit
Accumulated Deficit		(209	)		(200	)		(9	)

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

Note 1 - Basis of Presentation and Recent Accounting Pronouncements (Tables)

3 Months Ended

Mar. 31, 2018

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	$	217		$	2		$	219
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 were as follows:

	Three Months Ended March 31, 2018
(in millions)	As Reported			Balances without Adoption of ASU 2014-09			Effect of Change Higher (Lower)
Revenues
Sales	$	285		$	284		$	1
Services		72			72			—
Total revenues		357			356			1

Net income	$	(25	)	$	(26	)	$	1

	March 31, 2018
(in millions)	As Reported			Balances without Adoption of ASU 2014-09			Effect of Change Higher (Lower)
Liabilities
Other current liabilities	$	224		$	222		$	2
Other long-term liabilities		207			200			7

Deficit
Accumulated Deficit		(209	)		(200	)		(9	)

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

3 Months Ended

Mar. 31, 2018

Cash And Cash Equivalents [Abstract]

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

	March 31,		December 31,
(in millions)	2018		2017
Cash and cash equivalents	$	313	$	344
Restricted cash included in Other current assets		8		8
Long-term restricted cash		12		17
Total cash, cash equivalents and restricted cash shown in the Statement of Cash Flows	$	333	$	369

Note 3 - Inventories, Net (Tables)

3 Months Ended

Mar. 31, 2018

Schedule of Inventory, Current [Table Text Block]

	March 31,		December 31,
(in millions)	2018		2017
Finished goods	$	170	$	159
Work in process		64		57
Raw materials		71		60
Total	$	305	$	276

Note 4 - Other Current Liabilities (Tables)

3 Months Ended

Mar. 31, 2018

Other Current Liabilities [Table Text Block]

	March 31,		December 31,
(in millions)	2018		2017
Employee related liabilities	$	50	$	47
Deferred revenue		32		30
Deferred consideration on disposed businesses		24		10
Customer rebates		23		29
Workers compensation		10		10
Restructuring liabilities		8		10
Other		77		81
Total	$	224	$	217

Note 5 - Other Long-term Liabilities (Tables)

3 Months Ended

Mar. 31, 2018

Other Long-term Liabilities [Table Text Block]

	March 31,		December 31,
(in millions)	2018		2017
Workers compensation	$	96	$	96
Asset retirement obligations		46		43
Deferred taxes		16		16
Deferred consideration on disposed businesses		—		14
Environmental liabilities		12		12
Embedded conversion features derivative liability ⁽¹⁾		9		—
Other		28		21
Total	$	207	$	202

⁽¹⁾

Refer to Note 21, “Financial Instruments”

Note 6 - Debt And Capital Leases (Tables)

3 Months Ended

Mar. 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 March 31, 2018 and December 31, 2017 (in millions):

(in millions)				March 31, 2018		December 31, 2017
	Type	Maturity	Weighted-Average Effective Interest Rate	Carrying Value		Carrying Value
Current portion:
	Capital leases	Various	Various		3		3
	Other debt	Various	Various		1		1
					4		4
Non-current portion:
	Term note	2019	7.34%		393		393
	Capital leases	Various	Various		4		4
	Other debt	Various	Various		2		2
					399		399
				$	403	$	403

Note 8 - Guarantees (Tables)

3 Months Ended

Mar. 31, 2018

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

(in millions)
Deferred revenue on extended warranties as of December 31, 2017	$	23
New extended warranty and maintenance arrangements in 2018		28
Recognition of extended warranty and maintenance arrangement revenue in 2018		(29	)
Deferred revenue on extended warranties as of March 31, 2018	$	22

Note 9 - Revenue (Tables)

3 Months Ended

Mar. 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:

	Three Months Ended
	March 31, 2018
	Print Systems		Enterprise Inkjet Solutions		Flexographic Packaging Printing		Software & Solutions		Consumer & Film		Advanced Materials and 3D Technology Solutions		Eastman Business Park		Total
Plates, inks and other consumables	$	167	$	8	$	32	$	—	$	5	$	—	$	—	$	212
Ongoing service arrangements ⁽¹⁾		34		20		2		12		—		—		—		68
Total Annuities		201		28		34		12		5		—		—		280
Equipment & Software		15		3		3		4		—		—		—		25
Film and chemicals		—		—		—		—		40		—		—		40
Other ₍₂₎		—		—		—		4		3		1		4		12
Total	$	216	$	31	$	37	$	20	$	48	$	1	$	4	$	357

⁽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, project-based document management and managed print services businesses, tenant rent and related property management services and licensing.

Product Portfolio Summary:

	Three Months Ended
	March 31, 2018
	Print Systems		Enterprise Inkjet Solutions		Flexographic Packaging Printing		Software & Solutions		Consumer & Film		Advanced Materials and 3D Printing		Eastman Business Park		Total
Growth engines ⁽¹⁾	$	35	$	18	$	29	$	20	$	3	$	1	$	—	$	106
Strategic other businesses ⁽²⁾		170		—		8		—		40		—		4		222
Planned declining businesses ⁽³⁾		11		13		—		—		5		—		—		29
	$	216	$	31	$	37	$	20	$	48	$	1	$	4	$	357

⁽¹⁾	Growth engines consist of Sonora, PROSPER, FLEXCEL NX, Software and Solutions, AM3D and brand licensing.

⁽²⁾

⁽³⁾

Geography:

	Three Months Ended
	March 31, 2018
	Print Systems		Enterprise Inkjet Solutions		Flexographic Packaging Printing		Software & Solutions		Consumer & Film		Advanced Materials and 3D Technology Solutions		Eastman Business Park		Total
United States	$	57	$	11	$	6	$	7	$	32	$	1	$	4	$	118
Canada		3		—		1		1		1		—		—		6
North America		60		11		7		8		33		1		4		124
Europe, Middle East and Africa		93		12		16		6		5		—		—		132
Asia Pacific		49		7		7		5		10		—		—		78
Latin America		14		1		7		1		—		—		—		23
Total Sales	$	216	$	31	$	37	$	20	$	48	$	1	$	4	$	357

Note 10 - Other Operating Expense (Income), Net (Tables)

3 Months Ended

Mar. 31, 2018

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

	Three Months Ended
	March 31,
(in millions)	2018			2017
Expense (income):
Prosper asset remeasurement ⁽¹⁾	$	—		$	12
Gain on sale of assets		(1	)		(2	)
Other		1			—
Total	$	—		$	10

⁽¹⁾

Note 11 - Other Charges (Income), Net (Tables)

3 Months Ended

Mar. 31, 2018

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

	Three Months Ended
	March 31,
(in millions)	2018		2017
Change in fair value of embedded conversion features derivative liability ⁽¹⁾	$	14	$	(22	)
Loss on foreign exchange transactions		2		1
Other		—		1
Total	$	16	$	(20	)

⁽¹⁾	Refer to Note 21, “Financial Instruments”.

Note 12 - Income Taxes (Tables)

3 Months Ended

Mar. 31, 2018

Income Tax Disclosure [Abstract]

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

Kodak’s income tax provision (benefit) and effective tax rate were as follows:

	Three Months Ended
	March 31,
(in millions)	2018			2017
(Loss) earnings from continuing operations before income taxes	$	(18	)	$	10
Effective tax rate		(38.9	)%		30.0	%
Provision for income taxes		7			3
(Benefit) provision for income taxes @ U.S. statutory tax rate		(4	)		4
Difference between tax at effective vs. statutory rate	$	11		$	(1	)

Note 13 - Restructuring Liabilities (Tables)

3 Months Ended

Mar. 31, 2018

Restructuring And Related Activities [Abstract]

Restructuring and Related Costs [Table Text Block]

The activity in the accrued balances and the non-cash charges and credits incurred in relation to restructuring activities for the three months ended March 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, 2017	$	6		$	4	$	—	$	10
Q1 charges		2			—		—		2
Q1 utilization/cash payments		(4	)		—		—		(4	)
Balance as of March 31, 2018	$	4		$	4	$	—	$	8

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

Note 14 - Retirement Plans and Other Postretirement Benefits (Tables)

3 Months Ended

Mar. 31, 2018

Schedule of Changes in Projected Benefit Obligations Fair Value of Plan Assets and Funded Status of Plan [Table Text Block]

Components of the net periodic benefit cost for all major U.S. and Non-U.S. defined benefit plans are as follows:

	Three Months Ended
	March 31,
	2018						2017
(in millions)	U.S.			Non-U.S.			U.S.			Non-U.S.
Major defined benefit plans:
Service cost	$	3		$	1		$	3		$	1
Interest cost		28			3			29			3
Expected return on plan assets		(56	)		(7	)		(61	)		(7	)
Amortization of:
Prior service credit		(2	)		—			(2	)		—
Actuarial loss		1			1			—			1
Net pension income before special termination benefits		(26	)		(2	)		(31	)		(2	)
Special termination benefits		—			—			1			—
Net pension income		(26	)		(2	)		(30	)		(2	)
Other plans		—			—			—			—
Total net pension income	$	(26	)	$	(2	)	$	(30	)	$	(2	)

Note 16 - Earnings Per Share (Tables)

3 Months Ended

Mar. 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 three months ended March 31, 2018 and 2017 follows: (in millions):

	Three Months Ended
	March 31,
(in millions)	2018			2017
Net (loss) earnings attributable to Eastman Kodak Company	$	(25	)	$	7
Less: Series A convertible preferred stock cash dividend		(3	)		(3	)
Less: Series A convertible preferred stock deemed dividend		(2	)		(2	)
Net (loss) earnings available to common shareholders - basic and diluted	$	(30	)	$	2

(in millions of shares)
Weighted average shares - basic	42.6	42.4
Effect of dilutive securities
Unvested restricted stock units	—	0.2
Employee stock options	—	0.1
Weighted average shares - diluted	42.6	42.7

Note 18 - Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2018

Comprehensive Income (Loss) [Table Text Block]

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

		Three Months Ended
		March 31,
(in millions)		2018			2017
Currency translation adjustments		$	13		$	14
Pension and other postretirement benefit plan changes
Reclassification adjustments:
Amortization of prior service credit	^(a)		(2	)		(2	)
Amortization of actuarial (gains) losses	^(a)		1			(1	)
Recognition of losses due to settlements			1			—
Total reclassification adjustments			—			(3	)
Pension and other postretirement benefit plan changes, net of tax			—			(3	)
Other comprehensive income		$	13		$	11

^(a)	Reclassified to Total Net Periodic Benefit Cost - refer to Note 14, "Retirement Plans and Other Postretirement Benefits".

Note 19 - Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Mar. 31, 2018

Schedule of Accumulated Other Comprehensive Loss [Table Text Block]

Accumulated other comprehensive loss is composed of the following:

	March 31,			December 31,
(in millions)	2018			2017
Currency translation adjustments	$	(72	)	$	(85	)
Pension and other postretirement benefit plan changes		(306	)		(306	)
Ending balance	$	(378	)	$	(391	)

Note 20 - Segment Information (Tables)

3 Months Ended

Mar. 31, 2018

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

	Three Months Ended
	March 31,
(in millions)	2018		2017
Print Systems	$	216	$	213
Enterprise Inkjet Systems		31		37
Flexographic Packaging		37		33
Software and Solutions		20		21
Consumer and Film		48		49
Advanced Materials and 3D Printing Technology		1		—
Eastman Business Park		4		4
Consolidated total	$	357	$	357

	Three Months Ended
	March 31,
(in millions)	2018			2017
Print Systems	$	4		$	12
Enterprise Inkjet Systems		—			—
Flexographic Packaging		7			6
Software and Solutions		—			—
Consumer and Film		(6	)		(4	)
Advanced Materials and 3D Printing Technology		(4	)		(8	)
Eastman Business Park		—			—
Total of reportable segments		1			6
Depreciation and amortization		(19	)		(19	)
Restructuring costs and other		(2	)		(13	)
Stock based compensation		(2	)		(2	)
Consulting and other costs ⁽¹⁾		(3	)		(1	)
Idle costs ⁽²⁾		(1	)		(1	)
Other operating (expense) income, net ⁽³⁾		—			(10	)
Interest expense ⁽³⁾		(8	)		(8	)
Pension income excluding service cost component ⁽³⁾		32			38
Other (charges) income, net ⁽³⁾		(16	)		20
Consolidated (loss) earnings from continuing operations before income taxes	$	(18	)	$	10

⁽¹⁾	Consulting and other costs are professional services and internal costs associated with certain corporate strategic initiatives.

⁽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.

Note 21 - Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2018