View Filing Data

Print Document View Excel Document

Document And Entity Information - USD ($) $ in Millions	12 Months Ended
Document And Entity Information - USD ($) $ in Millions	Dec. 31, 2019	Mar. 02, 2020	Jun. 30, 2019
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Entity Registrant Name	Eastman Kodak Co
Entity Central Index Key	0000031235
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Interactive Data Current	Yes
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Well Known Seasoned Issuer	No
Entity Public Float			$ 48
Entity Common Stock Shares Outstanding		43,578,870
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	false
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	KODK
Security Exchange Name	NYSE
Entity File Number	1-87
Entity Incorporation, State or Country Code	NJ
Entity Tax Identification Number	16-0417150
Entity Address, Address Line One	343 STATE STREET
Entity Address, City or Town	ROCHESTER
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	14650
City Area Code	585
Local Phone Number	724-4000
Document Annual Report	true
Document Transition Report	false

Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions

12 Months Ended

Dec. 31, 2019

Dec. 31, 2018

Total net revenues

^[1]

$ 1,242

$ 1,320

Total cost of revenues

1,060

1,140

Gross profit

182

180

Selling, general and administrative expenses

211

224

Research and development costs

Restructuring costs and other

Other operating expense, net

Loss from continuing operations before interest expense, pension income excluding service cost component, other charges, net and income taxes

(102)

(118)

Interest expense

Pension income excluding service cost component

(104)

(131)

Other charges, net

(Loss) earnings from continuing operations before income taxes

(60)

(13)

Provision (benefit) from income taxes

(4)

Loss from continuing operations

(91)

(9)

Earnings (loss) from discontinued operations, net of income taxes

207

(7)

NET EARNINGS (LOSS)

$ 116

$ (16)

Basic and diluted (loss) earnings per share attributable to Eastman Kodak Company common shareholders:

Continuing operations

$ (2.58)

$ (0.68)

Discontinued operations

4.81

(0.16)

Total

$ 2.23

$ (0.84)

Number of common shares used in basic and diluted (loss) earnings per share

43.0

42.7

Product [Member]

Total net revenues

$ 979

$ 1,039

Total cost of revenues

877

946

Service [Member]

Total net revenues

263

281

Total cost of revenues

$ 183

$ 194

[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, 2019.

Consolidated Statement of Comprehensive Income (Loss) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement Of Income And Comprehensive Income [Abstract]
NET (LOSS) EARNINGS	$ 116	$ (16)
Other comprehensive loss, net:
Currency translation adjustments and other	6	(11)
Pension and other postretirement benefit plan obligation activity, net of tax	(12)	(9)
Other comprehensive income (loss), net attributable to Eastman Kodak Company	(6)	(20)
COMPREHENSIVE INCOME (LOSS), NET	$ 110	$ (36)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Consolidated Statement of Financial Position - USD ($)
$ in Millions

Dec. 31, 2019

Dec. 31, 2018

ASSETS

Cash and cash equivalents

$ 233

Trade receivables, net of allowances of $8 and $9

208

232

Inventories, net

215

231

Restricted cash - current portion

Other current assets

Current assets held for sale

167

Total current assets

706

910

Property, plant and equipment, net of accumulated depreciation of $423 and $395, respectively

^[1]

181

216

Goodwill

Intangible assets, net

Operating lease right-of-use assets

Restricted cash

Deferred income taxes

147

160

Other long-term assets

228

143

TOTAL ASSETS

1,415

1,510

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

Accounts payable, trade

153

130

Short-term borrowings and current portion of long-term debt

396

Current portion of operating leases

Other current liabilities

201

209

Current liabilities held for sale

Total current liabilities

368

778

Long-term debt, net of current portion

109

Pension and other postretirement liabilities

378

379

Operating leases, net of current portion

Other long-term liabilities

231

178

Total liabilities

1,134

1,340

Commitments and contingencies (Note 12)

Equity (Deficit)

Common stock, $0.01 par value

Additional paid in capital

604

617

Treasury stock, at cost

(9)

Accumulated deficit

(79)

(200)

Accumulated other comprehensive loss

(417)

(411)

Total equity (deficit)

(3)

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

1,415

1,510

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

$ 182

$ 173

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

Consolidated Statement of Financial Position (Parentheticals) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Allowance for trade receivables	$ 8	$ 9
Property, plant and equipment, accumulated depreciation	$ 423	$ 395
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, 2017	$ 57	$ 631	$ (174)	$ (391)	$ (9)
Equity (deficit) at Dec. 31, 2017						$ 164
Net (loss) earnings	(16)		(16)
Currency translation adjustments	(11)			(11)
Pension and other postretirement liability adjustments	(9)			(9)
Series A preferred stock cash and accrued dividends	(11)	(11)
Series A preferred stock deemed dividends	(9)	(9)
Redeemable series A preferred stock deemed dividends						(9)
Stock-based compensation	6	6
Equity (deficit) at Dec. 31, 2018	(3)	617	(200)	(411)	(9)
Equity (deficit) at Dec. 31, 2018						173
Prior period adjustment due to adoption \| ASU 2014-09 [Member]	(10)		(10)
Net (loss) earnings	116		116
Currency translation adjustments	6			6
Pension and other postretirement liability adjustments	(12)			(12)
Series A preferred stock cash and accrued dividends	(11)	(11)
Series A preferred stock deemed dividends	(9)	(9)
Redeemable series A preferred stock deemed dividends						(9)
Stock-based compensation	7	7
Equity (deficit) at Dec. 31, 2019	99	$ 604	(79)	$ (417)	$ (9)
Equity (deficit) at Dec. 31, 2019						$ 182
Prior period adjustment due to adoption \| ASU 2016-02 [Member]	$ 5		$ 5

Consolidated Statement of Equity (Deficit) (Parentheticals) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
Statement Of Stockholders Equity [Abstract]
Preferred stock, Shares Authorized	60,000,000	60,000,000
Preferred stock, No Par Value	$ 0	$ 0
Preferred stock, shares issued	2,000,000	2,000,000

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

12 Months Ended

Dec. 31, 2019

Dec. 31, 2018

Cash flows from operating activities:

Net (loss) earnings

$ 116

$ (16)

Adjustments to reconcile to net cash used in operating activities:

Depreciation and amortization

Pension and other postretirement income

(91)

(106)

Change in fair value of embedded conversion features derivative liability

^[1]

Asset impairments

^[2],[3]

Stock based compensation

Non-cash changes in workers' compensation and legal reserves

(11)

Net gains on sales of businesses/assets

(201)

(13)

Provision for deferred income taxes

Decrease in trade receivables

Decrease (increase) in inventories

(9)

Increase (decrease) in trade accounts payable

(31)

Decrease in liabilities excluding borrowings

(10)

(31)

Other items, net

Total adjustments

(104)

(46)

Net cash provided by (used in) operating activities

(62)

Cash flows from investing activities:

Additions to properties

(15)

(33)

Net proceeds from sales of businesses/assets, net

326

Net cash provided by (used in) investing activities

311

(22)

Cash flows from financing activities:

Repayment of emergence credit facilities

(395)

Proceeds from issuance of convertible notes

Proceeds from other borrowings

Payment of contingent consideration related to the sale of a business

(10)

Preferred stock dividend payments

(3)

(8)

Finance lease payments

(2)

(3)

Net cash used in financing activities

(298)

(11)

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

(2)

(7)

Net increase (decrease) in cash, cash equivalents, restricted cash and cash in assets held for sale

(102)

Cash, cash equivalents, restricted cash and cash in assets held for sale, beginning of period

^[4]

267

369

Cash, cash equivalents, restricted cash and cash in assets held for sale, end of period

^[4]

290

267

Cash paid for interest and income taxes was:

Interest, net of portion capitalized of $0 and $1 as of December 31, 2019 and 2018, respectively

Income taxes (net of refunds)

$ 17

$ (9)

[1]	Refer to Note 14, “Financial Instruments”.
[2]	In the fourth quarter of 2019, Kodak determined the carrying value of one building no longer in use exceeded its fair value and recorded an impairment charge of $2 million.
[3]	In the fourth quarters of 2019 and 2018, Kodak recorded impairment charges of $4 million and $13 million, respectively, related to the Kodak trade name. Refer to Note 5, “Goodwill and Other Intangible Assets”.
[4]	Refer to Note 2, “Cash, Cash Equivalents and Restricted Cash” for a breakdown of cash, cash equivalents, restricted cash and cash in assets held for sale.

Consolidated Statement of Cash Flow (Parentheticals) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement Of Cash Flows [Abstract]
Capitalized Interest	$ 0	$ 1

Note 1 - Basis of Presentation and Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Basis of Presentation and Summary of Significant Accounting Policies

NOTE 1: BASIS OF PRESENTATION AND 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.

When used in this report, unless otherwise indicated by the context, “EKC” means the parent company, Eastman Kodak Company (the “Company”) and “Kodak” refers to the consolidated group,

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.

As of both December 31, 2019 and 2018, Kodak had approximately $233 million of cash and cash equivalents. $72 million and $117 million was held in the U.S. as of December 31, 2019 and 2018, respectively, and $161 million and $116 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, 2019 and 2018 were $408 million and $390 million, respectively, which includes short-term intercompany loans from Kodak’s international finance center of $110 million and $92 million as of December 31, 2019 and 2018, respectively. In China, where approximately $89 million and $59 million of cash and cash equivalents was held as of December 31, 2019 and 2018, 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, restricted cash and cash in assets held for sale of $102 million for the year ended December 31, 2018 and an increase in cash, cash equivalents, restricted cash and cash in assets held for sale of $23 million for the year ended December 31, 2019. The current year’s cash provided by operating activities of $12 million includes the receipt of brand and functional intellectual property licensing proceeds allocated from the overall consideration received as part of the divestiture of FPD ($10 million) and the establishment of a strategic relationship with HuaGuang ($13 million). Cash provided by operating activities in 2019 also includes the receipt of a $15 million prepayment for transition services and products and services to be provided by Kodak associated with the FPD divestiture, $3 million of which has not yet been utilized.

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.

Kodak is facing liquidity challenges due to operating losses and low or negative cash flow from operations. Cash flow from operations in the current year benefited from working capital improvements and individual transactions which occurred during the year. Kodak has eliminated current debt service requirements by paying down the loans under the Term Credit Agreement using proceeds from the sale of FPD and refinancing the remaining balance through the issuance of convertible debt which does not require any debt service until conversion or maturity on November 1, 2021. The Series A Preferred Stock must be redeemed on November 15, 2021 if not converted prior to then. Kodak has significant cash requirements to fund ongoing operations, restructuring programs, pension and other postretirement obligations, and other obligations. Kodak’s plans to return to sustainable positive cash flow include growing revenues profitably, reducing operating expenses, simplifying the organizational structure, generating cash from selling and leasing underutilized assets and paring investment in new technology by eliminating or delaying product development programs. The current cash balance outside of China, recent trend of low or negative operating cash flow, maturity and redemption dates in 2021 for the Convertible Notes and Series A Preferred Stock and lack of certainty regarding a sustainable return to positive cash flow raise substantial doubt about Kodak’s ability to continue as a going concern.

RECLASSIFICATIONS

Certain amounts for prior periods have been reclassified to conform to the current period classification due to Kodak’s new organization structure as of January 2019 and due to assets held for sale reporting requirements.

In addition to the changes in segment reporting under the new organization structure there is a change in the segment measure of profitability. The segment measure of profitability 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 Brand, Film and Imaging 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 changed. Refer to Note 27, “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 charges, net in the accompanying Consolidated Statement of Operations.

The effects of foreign currency transactions, including related hedging activities, are included in Other 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 assets’ estimated useful life.

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, 2019 and 2018 was $21 million and $20 million, respectively, of which $18 million and $17 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.

LEASES

Kodak as lessee

Kodak determines if an arrangement is a lease at inception. The primary criteria used to classify transactions as operating or finance leases are: (1) whether the ownership transfers at the end of the lease, (2) whether the lease term is equal to or greater than 75% of the economic life of the asset, and (3) whether the present value of the minimum lease payments is equal to or greater than 90% of the fair value of the asset at inception of the lease. Kodak does not have leases that include assets of a specialized nature, generally does not provide residual value guarantees or have any leases for which the exercise of end-of-lease purchase options is reasonably assured at lease inception.

Right-of-use (“ROU”) assets represent the right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. ROU assets and liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. The operating lease ROU assets exclude lease incentives. Variable lease payments are also excluded from the measurement of ROU assets and lease liabilities and are recognized in the period in which the obligation for those payments is incurred.

Kodak’s lease agreements are primarily for real estate space and vehicles. Arrangements for goods and services are also assessed to determine if the arrangement contains a lease at its inception. Operating leases are included within Operating lease right-of-use assets, Current portion of operating leases and Operating leases, net of current portion in the Consolidated Statement of Financial Position. Finance leases are included in Property, plant and equipment, net, Short-term borrowings and current portion of long-term debt and Long-term debt, net of current portion in the Consolidated Statement of Financial Position.

When available, the rate implicit in the lease is used to discount lease payments to present value; however, many leases do not provide a readily determinable implicit rate. Therefore, Kodak applies its incremental borrowing rate to discount the lease payments at lease commencement.

The incremental borrowing rate is the rate of interest that EKC would have to pay to borrow, on a collateralized basis, over a similar term. Lease renewal or extension options and/or termination options are factored into the determination of lease payments only if reasonably certain to be exercised.

Rental expense related to operating leases is recognized on a straight-line basis over the lease term. The lease agreements have both lease and non-lease components. Kodak does not separate lease and non-lease components of contracts for real estate leases but does separate lease and non-lease components for equipment leases.

Kodak as Lessor

Kodak places its own equipment at customer sites under sales-type and operating lease arrangements. Arrangements classified as sales-type leases with revenue recognition at inception generally transfer title to the equipment by the end of the lease term or have a lease term that is for a major part of the remaining economic life of the equipment; and collectability is considered probable. If the arrangement meets the criteria for a sales-type lease but collectability is not considered probable, Kodak will not derecognize the asset and will record all payments received as a liability until the earlier of collectability becoming probable or the termination of the lease. Arrangements that do not meet the sales-type lease criteria are classified as operating leases with revenue recognized over the term. Contracts with customers may include multiple performance obligations including equipment, optional software licenses and service agreements. For such arrangements, revenue is allocated to each performance obligation based on its relative standalone selling price.

The Eastman Business Park segment’s core operations are to lease real estate. Kodak also leases underutilized portions of other real estate properties to third parties under both operating lease and sublease agreements. Payments received under operating lease agreements as part of the Eastman Business Park segment are recognized on a straight-line basis over the term and are reported in Revenues in the Consolidated Statement of Operations. Payments received under lease and sublease agreements for underutilized space are recognized on a straight-line basis and reported as cost reductions in Cost of revenues, SG&A expenses, R&D costs and Other charges, net.

Renewal options and/or termination options are factored into the determination of lease payments if considered probable. Kodak does not separate lease and non-lease components of contracts for real estate leases but does separate lease and non-lease components for equipment leases.

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

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 are performed.

Equipment is generally dependent on, and interrelated with, the underlying operating system (firmware) 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. Kodak applies the residual allocation method for sales of certain complex, highly customized equipment due to significant variability in pricing. 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 Kodak Software) 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, Kodak Software) 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 (Kodak Software). 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 (e.g. patents and technical know-how) and licenses to use symbolic intellectual property (e.g. 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 (Refer to Leases; Kodak as Lessor above).

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, 2019, there was approximately $75 million of unrecognized revenue from unsatisfied performance obligations. Approximately 35% of the revenue from unsatisfied performance obligations is expected to be recognized in 2020, 25% in 2021, 15% in 2022 and 25% 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 $5 million and $4 million for the years ended December 31, 2019 and 2018, 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, 2019 and 2018, refer to Note 18, “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 Standard Update (“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. Kodak adopted the new standard on January 1, 2019. The adoption of this ASU did not have an impact on the Consolidated Financial Statements as a result of Kodak’s U.S. valuation allowance.

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 and ASU 2019-01) 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). 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. Kodak elected the package of practical expedients which permitted Kodak to not reassess (1) whether any expired or existing contracts are or contain leases, (2) the lease classification for any existing leases, and (3) any initial direct costs for any existing leases as of the effective date. Kodak did not elect the hindsight practical expedient which permits entities to use hindsight in determining the lease term and assessing impairment. The adoption of the amended lease guidance increased the assets and liabilities recorded in the Consolidated Statement of Financial Position due to the recognition of lessee operating right-of-use assets and lease liabilities. Kodak recognized 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. As a lessor, recognition of rental revenue remained mainly consistent with previous guidance, apart from the narrower definition of initial direct costs that can be capitalized.

The impact of adoption on the Consolidated Statement of Financial Position is presented below:

(in millions)	Balance at December 31, 2018		Adjustments Due to ASU 2016-02			Balance at January 1, 2019
Operating lease right-of-use assets	$	—	$	51		$	51
Operating lease liabilities		—		61			61
Deferred rent payable ⁽¹⁾		10		(10	)		—
Deferred gain on previous sale leaseback transaction ⁽¹⁾		6		(6	)		—
Net fixed assets from previous sale leaseback transaction		1		(1	)		—
Accumulated deficit		200		(5	)		195

⁽¹⁾

Deferred amounts were previously reported in Other current liabilities ($2 million) and Other long-term liabilities ($14 million) in the Consolidated Statements of Financial Position.

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes”, which removes certain exceptions related to intra-period tax allocations and deferred tax accounting on outside basis differences in foreign subsidiaries and equity method investments. Additionally, it provides other simplifying measures for the accounting for income taxes. The new standard is effective for fiscal years beginning after December 15, 2021 (January 1, 2022 for Kodak) with early adoption permitted. Kodak is currently evaluating the impact of this ASU.

In November 2018, the FASB issued ASU 2018-18, Collaborative Arrangements (Topic 808): Clarifying the Interaction between Topic 808 and Topic 606. This guidance amended Topic 808 and Topic 606 to clarify that transactions in a collaborative arrangement should be accounted for under Topic 606 when the counterparty is a customer for a distinct good or service (i.e., unit of account). The amendments preclude an entity from presenting consideration from a transaction in a collaborative arrangement as revenue from contracts with customers if the counterparty is not a customer for that transaction. 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. The amendments should be applied retrospectively to the date of initial application of Topic 606. Kodak adopted this ASU on January 1, 2020, and it did not have an impact on Kodak’s consolidated financial statements.

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 (the year ended 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.

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 prospectively adopted 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 adopted this ASU prospectively on January 1, 2020. Application of this standard is not expected to have a material impact on Kodak’s consolidated financial statements.

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 (as amended by ASU 2018-19 and ASU’s 2019-04, 05, 10 and 11) 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 smaller reporting companies for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2022, (January 1, 2023 for Kodak). Early adoption is permitted. Kodak is currently evaluating the impact of this ASU.

Note 2 - Cash, Cash Equivalents and Restricted Cash

12 Months Ended

Dec. 31, 2019

Cash And Cash Equivalents [Abstract]

Cash, Cash Equivalents and Restricted Cash

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)	2019		2018
Cash and cash equivalents	$	233	$	233
Restricted cash - current portion		12		8
Restricted cash - long-term		45		11
Cash included in assets held for sale		—		15
Total cash, cash equivalents, restricted cash and cash in assets held for sale shown in the Statement of Cash Flows	$	290	$	267

Restricted cash - current portion on the Consolidated Statement of Financial Position primarily represents amounts which support hedging activities as well as collateral for a guaranty provided to MIR Bidco, SA (the “Purchaser”). On April 16, 2019 the Purchaser of FPD paid Kodak $15 million in the U.S. as a prepayment for transition services, products and other services to be provided by Kodak to the Purchaser. Kodak provided a $15 million guaranty, supported by cash collateral in China, to the Purchaser. The Purchaser has the option to satisfy its payment obligations to Kodak through a reduction of the prepayment balance or in cash. When the Purchaser satisfies its payment obligations to Kodak by utilizing its prepayment balance, Kodak can follow a guaranty amendment process to reduce the amount of its guaranty and cash collateral supporting the prepayment balance. As of December 31, 2019, the remaining prepayment balance is $3 million and the cash collateral supporting Kodak’s guaranty is $4 million.

Long-term restricted cash includes $22 million and $3 million as of December 31, 2019 and 2018, respectively, supporting compliance with the Excess Availability threshold under the ABL Credit Agreement, as defined in Note 9, “Debt and Finance Leases”. In addition, Kodak established an escrow of $14 million in China to secure various ongoing obligations under the agreements for the strategic relationship with Lucky HuaGuang Graphics Co. Ltd. Refer to Note 30 “Assets Held For Sale”. Long-term restricted cash also includes $5 million of security posted related to Brazilian legal contingencies as of both December 31, 2019 and 2018.

Note 3 - Inventories, Net

12 Months Ended

Dec. 31, 2019

Inventory Disclosure [Abstract]

Inventories, Net

NOTE 3: INVENTORIES, NET

	As of December 31,
(in millions)	2019		2018
Finished goods	$	105	$	119
Work in process		54		54
Raw materials		56		58
Total	$	215	$	231

Note 4 - Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2019

Property Plant And Equipment [Abstract]

Property, Plant and Equipment, Net

NOTE 4: PROPERTY, PLANT AND EQUIPMENT, NET

	As of December 31,
(in millions)	2019			2018
Land	$	67		$	70
Buildings and building improvements		144			145
Machinery and equipment		382			386
Construction in progress		11			10
		604			611
Accumulated depreciation		(423	)		(395	)
Property, plant and equipment, net	$	181		$	216

Depreciation expense was $48 million and $59 million for the years ended December 31, 2019 and 2018, respectively.

Note 5 - Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2019

Disclosure Text Block [Abstract]

Goodwill and Other Intangible Assets

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			Kodak Software		Brand, Film and Imaging		Advanced Materials and 3D Printing Technology			Consolidated Total
As of December 31, 2017
Goodwill	$	56		$	6	$	6	$	8		$	76
Accumulated impairment losses		(56	)		—		—		(8	)		(64	)
Balance as of December 31, 2017		—			6		6		—			12
Impairment		—			—		—		—			—
Balance as of December 31, 2018		—			6		6		—			12
Impairment		—			—		—		—			—
As of December 31, 2019
Goodwill		56			6		6		8			76
Accumulated impairment losses		(56	)		—		—		(8	)		(64	)
Balance as of December 31, 2019	$	—		$	6	$	6	$	—		$	12

The Print Systems segment has two goodwill reporting units: Prepress Solutions and Electrophotographic Printing Solutions. The Brand, Film and Imaging segment has three goodwill reporting units: Consumer Products, Motion Picture, Industrial Chemicals and Films, and Kodak Technology Solutions and Kodak Services for Business. The Enterprise Inkjet Systems segment, Kodak Software segment, Advanced Materials and 3D Printing Technology segment and the Eastman Business Park segment each have one goodwill reporting unit. As of December 31, 2019, goodwill is recorded in the Kodak Software and Consumer Products reporting units. Both reporting units have negative carrying values as of December 31, 2019.

Based upon the results of Kodak’s December 31, 2019 annual impairment test, no impairment of goodwill is indicated.

The gross carrying amount and accumulated amortization by major intangible asset category as of December 31, 2019 and 2018 were as follows:

	As of December 31, 2019
	Gross Carrying		Accumulated				Weighted-Average
(in millions)	Amount		Amortization		Net		Amortization Period
Technology-based	$	99	$	76	$	23	5 years
Kodak trade name		21		—		21	Indefinite life
Customer-related		11		8		3	4 years
Total	$	131	$	84	$	47

	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
Total	$	135	$	77	$	58

The annual impairment test of the Kodak trade name uses the income approach, specifically the relief from royalty method. In the fourth quarters of both 2019 and 2018, Kodak concluded the carrying value of the Kodak trade name exceeded its fair value. Pre-tax impairment charges of $4 million and $13 million, respectively, are included in Other operating expense, net in the Consolidated Statement of Operations.

Amortization expense related to intangible assets was $7 million and $11 million for the years ended December 31, 2019 and 2018, respectively.

Estimated future amortization expense related to intangible assets that are currently being amortized as of December 31, 2019 was as follows:

(in millions)
2020	$	6
2021		5
2022		5
2023		4
2024		4
2025 and thereafter		2
Total	$	26

Note 6 - Other Long-term Assets

12 Months Ended

Dec. 31, 2019

Other Assets Noncurrent Disclosure [Abstract]

Other Long-term Assets

NOTE 6: OTHER LONG-TERM ASSETS

	As of December 31,
(in millions)	2019		2018
Pension assets	$	173	$	82
Estimated workers' compensation recoveries		18		17
Long-term receivables, net of allowance of $4 million and $4 million		11		13
Other		26		31
Total	$	228	$	143

Note 7 - Other Current Liabilities

12 Months Ended

Dec. 31, 2019

Other Liabilities Current [Abstract]

Other Current Liabilities

NOTE 7: OTHER CURRENT LIABILITIES

	As of December 31,
(in millions)	2019		2018
Employment-related liabilities	$	38	$	41
Deferred revenue and customer deposits		43		42
Customer rebates		23		26
Deferred consideration on disposed businesses⁽¹⁾		14		24
Series A Preferred Stock dividends payable		14		6
Restructuring liabilities		12		8
Workers' compensation		10		9
Transition services agreement prepayment		3		—
Other		44		53
Total	$	201	$	209

⁽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 any year in the four-year period. The amounts owed for 2015 and 2016 were paid in 2016 and 2017, respectively. The amount owed for 2017 was paid in 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, 2019

Other Liabilities Noncurrent [Abstract]

Other Long-term Liabilities

NOTE 8: OTHER LONG-TERM LIABILITIES

	As of December 31,
(in millions)	2019		2018
Workers' compensation	$	84	$	83
Embedded conversion option derivative liabilities		52		—
Asset retirement obligations		48		48
Deferred brand licensing revenue		18		6
Deferred taxes		13		15
Environmental liabilities		10		10
Other		6		16
Total	$	231	$	178

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 Finance Leases

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Debt and Finance Leases

NOTE 9: DEBT AND FINANCE LEASES

Debt and finance leases and related maturities and interest rates were as follows at December 31, 2019 and 2018:

				As of December 31,
				2019		2018
(in millions)	Type	Maturity	Weighted-Average Effective Interest Rate	Carrying Value		Carrying Value
Current portion:
	Term note		9.43%	$	—	$	394
	RED-Rochester, LLC	2033	11.42%		1		—
	Finance leases		Various		1		2
					2		396

Non-current portion:
	Convertible debt	2021	11.72%		91		—
	RED-Rochester, LLC	2033	11.42%		13		—
	Finance leases	Various	Various		4		3
	Other debt	Various	Various		1		2
					109		5
				$	111	$	401

Annual maturities of debt and finance leases outstanding at December 31, 2019 were as follows:

(in millions)	Carrying Value		Maturity Value
2020	$	2	$	2
2021		92		114
2022		2		2
2023		1		1
2024		1		1
2025 and thereafter		13		13
Total	$	111	$	133

Convertible Notes

On May 20, 2019, the Company and Longleaf Partners Small Cap Fund, C2W Partners Master Fund Limited and Deseret Mutual Pension Trust, which are investment funds managed by Southeastern Asset Management, Inc. (the “Notes Purchasers”), entered into a Notes Purchase Agreement pursuant to which the Company agreed to issue and sell to the Notes Purchasers, and the Notes Purchasers agreed to purchase from the Company, $100 million aggregate principal amount of the Company’s 5.00% Secured Convertible Notes due 2021 (the “Convertible Notes”). The transaction closed on May 24, 2019. The proceeds were used to repay the remaining first lien term loans outstanding ($83 million) under the Term Credit Agreement, which was terminated with the repayment. The remaining proceeds were used for general corporate purposes. The Notes Purchasers also hold all outstanding shares of the Company’s 5.50% Series A Convertible Preferred Stock (the “Series A Preferred Stock”), which vote with the shares of common stock on an as-converted basis, and are holders of shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”), as described below.

The Convertible Notes bear interest at a rate of 5.00% per annum, which will be payable in cash on their maturity date and, at the option of the Company, in either cash or additional shares of Common Stock on any conversion date. The payment of interest only at the maturity date has the same effect as delivering additional debt instruments to the Holders of the Convertible Notes and therefore is considered Paid-In-Kind interest (“PIK”). Therefore, PIK will be added to the carrying value of the debt through the term and interest expense will be recorded using the effective interest method.

The maturity date of the Convertible Notes is initially November 1, 2021. The Company has the option to extend the maturity of the Convertible Notes by up to three years in the event that the Series A Preferred Stock is refinanced with debt or equity or the mandatory redemption date of the Series A Preferred Stock is extended. If the Convertible Notes maturity date is extended, the new maturity date must be no later than 30 days before the maturity date of any new debt or the extended mandatory redemption date of the Series A Preferred Stock.

The Convertible Notes are guaranteed by all of the subsidiaries of the Company that currently guarantee the ABL Credit Agreement (the “Subsidiary Guarantors”), and are secured by a second priority lien on certain receivables, inventory and other assets of the Company and the Subsidiary Guarantors in which the lenders under the ABL Credit Agreement have a first priority security interest.

Conversion Features

Holders of the Convertible Notes have the right to elect at any time to convert their Convertible Notes into shares of Common Stock at a conversion rate equal to 314.9785 shares of Common Stock per each $1,000 principal amount of Convertible Notes (based on a conversion price equal to $3.17482 per share of Common Stock (the “Conversion Price”), which represents a 10% premium to the volume weighted average price of the shares of Common Stock for the five day trading period ended on April 9, 2019 (the “Conversion Rate”)). The Conversion Rate and Conversion Price are subject to certain customary antidilution adjustments.

If the closing price of the Common Stock equals or exceeds 150% of the then-effective Conversion Price for 45 trading days within any 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 Company may elect to convert all outstanding Convertible Notes into shares of Common Stock at the Conversion Rate then in effect.

In the event of certain fundamental transactions, the Notes Purchasers will have the right, within a period of 30 days following the occurrence of such transaction (“Holder Fundamental Transaction Election Period”), to elect to either convert all or a portion of the Convertible Notes into shares of Common Stock at the Conversion Rate then in effect, or to receive the shares of a successor entity, if any, or the Company, and any additional consideration receivable as a result of such fundamental transaction. In addition, the Company will have the option, for a period of 30 days after the expiration of the Holder Fundamental Transaction Election Period, to repay all of the remaining outstanding Convertible Notes at par, plus accrued and unpaid interest.

Embedded Derivatives

The Convertible Notes are considered more akin to a debt-type instrument and the economic characteristics and risks of the embedded conversion features and term extension at the Company’s option were not considered clearly and closely related to the Convertible Notes. Accordingly, these embedded features were bifurcated from the Convertible Notes and separately accounted for on a combined basis at fair value as a single derivative liability. Kodak allocated $14 million of the net proceeds received to a derivative liability based on the aggregate fair value of the embedded features and term extension on the date of issuance which reduced the net carrying value of the Convertible Notes. The derivative is being accounted for at fair value with subsequent changes in the fair value being reported as part of Other charges, net in the Consolidated Statement of Operations (refer to Note 14, “Financial Instruments”).

The carrying value of the Convertible Notes at the time of issuance, $84 million ($100 million aggregate gross proceeds less $14 million allocated to the derivative liability and $2 million in transaction costs), is being accreted to the face amount using the effective interest method from the date of issuance through the maturity date.

Convertible Notes Registration Rights Agreement

At the closing of the issuance and sale of the Convertible Notes, the Company entered into a registration rights agreement which provides the Notes Purchasers with customary registration rights in respect of the shares of the Common Stock issuable upon conversion of the Convertible Notes.

Notes Purchasers’ Beneficial Ownership of Common Stock

Prior to the issuance of the Convertible Notes, the Notes Purchasers beneficially owned 4,960,000 shares of the Company’s Common Stock, representing 11.47% of the shares of Common Stock outstanding as of December 31, 2019, and 2,000,000 shares of Series A Preferred Stock, which vote with the Common Stock on an as-converted basis representing 26.58% of the shares of Common Stock outstanding as of December 31, 2019. The Common Stock and Series A Preferred Stock held by the Notes Purchasers represented 30.06% of the voting power of the outstanding capital stock of the Company as of December 31, 2019 giving effect to the conversion of the Series A Preferred Stock. On an as-converted basis, the Convertible Notes would represent 31,497,850 shares of Common Stock, or 42.14% of the shares of Common Stock outstanding as of December 31, 2019 after giving effect to the issuance and conversion. Assuming the conversion of the Convertible Notes and based on the number of shares of Common Stock outstanding as of December 31, 2019, the Notes Purchasers would beneficially own 48.78% of the shares of Common Stock outstanding and their shares of Series A Preferred Stock will vote with the shares of Common Stock on an as-converted basis, representing an aggregate of 55.60% of the voting power of the outstanding capital stock of the Company.

Credit Agreements

On September 3, 2013, the Company entered into a Senior Secured First Lien Term Credit Agreement (the “Term Credit Agreement”). Additionally, the Company and the Subsidiary Guarantors entered into an Asset Based Revolving Credit Agreement (together with the Term Credit Agreement, the “Credit Agreements”). Pursuant to the terms of the Credit Agreements, the Company was provided with term loan facilities in an aggregate principal amount of $420 million of first-lien term loans (the “First Lien Loans”). On April 12, 2019, the Company repaid approximately $312 million of the First Lien Loans using proceeds from the sale of FPD and on May 24, 2019 repaid the remaining First Lien Loans of approximately $83 million with the proceeds from the issuance of the Convertible Notes.

The First Lien Loans bore 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%.

Amended and Restated Credit Agreement

On May 26, 2016, the Company and 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 Original ABL 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 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 $80 million and $85 million of letters of credit under the ABL Credit Agreement as of December 31, 2019 and 2018, respectively.

The Company had approximately $22 million and $19 million of Excess Availability under the ABL Credit Agreement as of December 31, 2019 and 2018, respectively. 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 $7 million, as of December 31, 2019 (which $7 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. Availability is subject to the borrowing base calculation, reserves and other limitations.

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, 2019 and 2018, 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, 2019 and 2018, Kodak is not required to have a minimum Fixed Charge Coverage Ratio of 1.0 to 1.0.

To ensure Excess Availability was greater than 12.5%, Kodak funded $22 million and $3 million to the Eligible Cash account held with the ABL Credit Agreement Administrative Agent as of December 31, 2019 and 2018, respectively, which is classified as Restricted Cash in the Consolidated Statement of Financial Position.

On January 27, 2020 Kodak exercised its right under the ABL Credit Agreement to permanently reduce lender commitments, reducing the commitments from $150 million to $120 million. As a result, the minimum Excess Availability decreased to $15 million from the previous minimum of $18.75 million.

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. Each existing and future direct or indirect U.S. subsidiary of the Company (other than Immaterial Subsidiaries, Unrestricted Subsidiaries and certain other subsidiaries) agreed to provide unconditional guarantees of the obligations of the Company under the Credit Agreements.

The ABL Credit Agreement matures on May 26, 2021.

Each existing direct or indirect U.S. subsidiary of the Company (other than Immaterial Subsidiaries, Unrestricted Subsidiaries and certain other subsidiaries) has provided an unconditional guarantee (and any such future subsidiaries must provide an unconditional guarantee) of the obligations of the Company under the Credit Agreements. Obligations under the ABL Agreement are secured by: (i) a first lien on cash, accounts receivable, inventory, machinery and equipment (the “ABL Collateral”) and were also secured by (ii) a second lien on the Term Collateral (as defined below). 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, 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. With the repayment of the First Lien Loans, the obligations under the ABL Agreement are now secured by a first lien on the Term Collateral. The aggregate carrying value of the Term Collateral and ABL Collateral as of December 31, 2019 and 2018 was $1,302 million and $1,310 million, respectively

Under the terms of the ABL Credit Agreement, 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, 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 both the years ended December 31, 2019 and 2018, which represents 1% of Kodak’s consolidated sales for both periods. These subsidiaries had assets of $20 million and $21 million as of December 31, 2019 and 2018, respectively, which represented 1% of Kodak’s consolidated assets as of such dates. 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.

Debt Reporting and Other Requirements

Reporting requirements under the ABL 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, and that the opinion be reasonably acceptable to the agent. On March 6, 2020 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 have occurred in relation to the going concern explanatory paragraph in the 2019 Form 10-K audit report. 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 have occurred in relation to the going concern explanatory paragraph in the 2018 Form 10-K audit report.

The Convertible Notes and ABL Credit Agreement 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 (ABL Credit Agreement only). In addition to other customary affirmative covenants, the Convertible Notes and ABL Credit Agreement provide for a periodic delivery by the Company of its various financial statements as set forth in the Convertible Notes and ABL Credit Agreement. Events of default under the Convertible Notes and/or ABL Credit Agreement include, among others, failure to pay any principal, interest or other amount due under the applicable agreement, failure to deliver conversion shares (Convertible Notes only), breach of specific covenants and a change of control of the Company (ABL Credit Agreement only). Upon an event of default, the applicable lenders may declare the outstanding obligations under the applicable agreement to be immediately due and payable and exercise other rights and remedies provided for in such agreement.

RED-Rochester, LLC

In January 2019 Kodak entered into a series of agreements with RED-Rochester, LLC (“RED”), which provides utilities to the Eastman Business Park. Kodak received a payment of $14 million from RED. Kodak is required to pay a minimum annual payment to RED of approximately $2 million regardless of utility usage. Kodak is accounting for the $14 million payment from RED as debt. The minimum payments required under the agreement from Kodak to RED will be reported as a reduction of the debt and interest expense using the effective interest method. The debt payments to RED continue until August 2033.

Note 10 - Redeemable, Convertible Series A Preferred Stock

12 Months Ended

Dec. 31, 2019

Temporary Equity Disclosure [Abstract]

Redeemable, Convertible Series A Preferred Stock

NOTE 10: REDEEMABLE, CONVERTIBLE SERIES A PREFERRED STOCK

On November 15, 2016, the Company issued 2,000,000 shares of 5.50% Series A Preferred Stock, no par value per share, 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 or the first and second quarters of 2019. The Company declared a quarterly cash dividend in the third quarter of 2019 which was paid in October 2019 and in the fourth quarter of 2019 that was paid in January 2020.

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 13, “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 charges, net in the Consolidated Statement of Operations. The fair value of the Series A Preferred Stock derivative as of December 31, 2019 was a liability of $1 million and is included in Other long-term liabilities in the accompanying Consolidated Statement of Financial Position. The fair value of the derivative as of December 31, 2018 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 14, “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.

The Series A Registration Rights Agreement does not entitle the Purchasers to piggyback registration rights. The Series A Registration Rights Agreement is binding upon the parties thereto and their successors and will inure to the benefit of each Purchaser and its successors and permitted assigns. Neither party may assign the Series A Registration Rights Agreement without the prior written consent of the other party.

Note 11 - Leases

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

Leases

NOTE 11: LEASES

Kodak as lessee

The table below presents the lease-related assets and liabilities on the balance sheet:

	Classification in the	December 31,
(in millions)	Consolidated Statement of Financial Position	2019
Assets
Operating lease assets	Operating lease right-of-use assets	$	49
Finance lease assets	Property, plant and equipment, net		5
Total lease assets		$	54

Liabilities
Current
Operating	Current portion of operating leases	$	12
Finance	Short-term borrowings and current portion of long-term debt		1
Noncurrent
Operating	Operating leases, net of current portion		48
Finance	Long-term debt, net of current portion		4
Total lease liabilities		$	65

Weighted-average remaining lease term
Operating		7 years
Finance⁽¹⁾		338 years
Weighted-average discount rate
Operating ⁽²⁾			14.12	%
Finance			6.79	%

⁽¹⁾

One finance lease has a remaining term of 968 years. The weighted-average lease term excluding the lease with a remaining term of 968 years is 4 years.

⁽²⁾

Upon adoption of ASC 842, Kodak’s incremental borrowing rate of 16.50% as of January 1, 2019 was used for existing operating leases.

Lease Costs

The table below presents certain information related to the lease expense for finance and operating leases. Lease expense is presented gross of sublease income. See “Kodak as Lessor” section below for income from subleases.

	Year Ended
	December 31,
(in millions)	2019
Finance lease expense
Amortization of leased assets	$	3
Interest on lease liabilities		—
Operating lease expense		25
Variable lease expense ⁽¹⁾		10
Total lease expense	$	38

⁽¹⁾

Variable lease expense is related to real estate leases and primarily includes taxes, insurance and operating costs.

Other Information

The table below presents supplemental cash flow information related to leases.

	Year Ended
	December 31,
(in millions)	2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	25
Operating cash flow for finance leases		—
Financing cash flow for finance leases		2
	$	27

Undiscounted Cash Flows

The table below reconciles the undiscounted cash flows for the next five years and thereafter to the finance lease liabilities and operating lease liabilities recorded on the balance sheet.

(in millions)	Operating Leases			Finance Leases
2020	$	21		$	1
2021		15			1
2022		17			1
2023		9			—
2024		8			—
Thereafter		28			117
Total minimum lease payments		98			120
Less: amount of lease payments representing interest		(38	)		(115	)
Present value of future minimum lease payments		60			5
Less: current obligations under leases		12			1
Long-term lease obligations	$	48		$	4

Prior Period Disclosures under ASC 840

For the year ended December 31, 2018, operating lease expense was $21 million, net of sublease income of $7 million.

Future minimum contractual lease payments for operating leases having initial or remaining noncancelable lease terms in excess of one year as of December 31, 2018 were as follows:

(in millions)	At December 31, 2018
2019	$	20
2020		21
2021		13
2022		3
2023		3
Thereafter		7
	$	67

Kodak as Lessor

Kodak’s net investment in sales-type leases as of December 31, 2019 was $4 million. The current portion of the net investment in sales-type leases is included in Trade receivables in the Consolidated Statement of Financial Position. The portion of the net investment in sales-type leases due after one year is included in Other long-term assets.

The table below reconciles the undiscounted cash flows to be received for the next five years and thereafter to the net investment in sales-type leases recorded in the Consolidated Statement of Financial Position:

(in millions)
2020	$	2
2021		1
2022		1
2023 and thereafter		—
Total minimum lease payments		4
Less: unearned interest		—
Less: allowance for doubtful accounts		—
Net investment in sales-type leases	$	4

Undiscounted cash flows to be received for the next five years and thereafter for operating leases and subleases are:

(in millions)
2020	$	10
2021		8
2022		6
2023		5
2024		4
Thereafter		14
Total minimum lease payments	$	47

Income recognized on operating lease arrangements for the year ended December 31, 2019 is presented below (income recognized for sales-type lease arrangements is $0 million):

	Year Ended
	December 31,
(in millions)	2019
Lease income - operating leases:
Lease income	$	9
Sublease income		6
Variable lease income ⁽¹⁾		6
Total lease income	$	21

⁽¹⁾

Variable lease income primarily represents operating costs under real estate leases and incremental variable income based on usage under equipment leases.

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

	As of December 31,
(in millions)	2019			2018
Equipment subject to operating leases	$	29		$	34
Accumulated depreciation		(20	)		(19	)
Equipment subject to operating leases, net	$	9		$	15

Equipment subject to operating leases, net is included in Property, plant and equipment, net in the Consolidated Statement of Financial Position.

Note 12 - Commitments and Contingencies

12 Months Ended

Dec. 31, 2019

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

NOTE 12: 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,
	2019			2018
Asset Retirement Obligations at start of period	$	48		$	43
Liabilities incurred in the current period		3			3
Liabilities settled in the current period		(6	)		(3	)
Accretion expense		2			2
Revision in estimated cash flows		1			3
Asset Retirement Obligations at end of period	$	48		$	48

Other Commitments and Contingencies

As of December 31, 2019, the Company had outstanding letters of credit of $80 million issued under the ABL Credit Agreement as well as bank guarantees and letters of credit of $7 million, surety bonds in the amount of $38 million, and restricted cash of $57 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, 2019, 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 $8 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, 2019, 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 $56 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 13 - Guarantees

12 Months Ended

Dec. 31, 2019

Guarantees [Abstract]

Guarantees

NOTE 13: GUARANTEES

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, 2019 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, 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
New extended warranty and maintenance arrangements		98
Recognition of extended warranty and maintenance arrangement revenue		(99	)
Deferred revenue on extended warranties as of December 31, 2019	$	21

Costs incurred under these extended warranty and maintenance arrangements for the years ended December 31, 2019 and 2018 amounted to $105 million and $113 million, respectively.

Note 14 - Financial Instruments

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Financial Instruments

NOTE 14: 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 charges, net in the Consolidated Statement of Operations). The notional amount of such contracts open at December 31, 2019 and 2018 was approximately $332 million and $415 million, respectively. The majority of the contracts of this type held by Kodak at December 31, 2019 and 2018 were denominated in euros, Japanese yen, Chinese renminbi and Swiss francs. 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)

2019

2018

Net loss from derivatives not designated as hedging

instruments

Kodak had no derivatives designated as hedging instruments for the years ended December 31, 2019 and 2018.

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, 2019 was not significant to Kodak.

In the event of a default under the Company’s ABL 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 9, “Debt and Finance Leases”, the Company concluded that the Convertible Notes are considered more akin to a debt-type instrument and that the economic characteristics and risks of the embedded conversion features and term extension option were not considered clearly and closely related to the Convertible Notes. The embedded conversion features not considered clearly and closely related are the conversion at the option of the holder (“Optional Conversion”) and the conversion in the event of a fundamental change or reorganization (“Fundamental Change or Reorganization Conversion”). Accordingly, these embedded conversion features and term extension option were bifurcated from the Convertible Notes and separately accounted for on a combined basis as a single derivative asset or liability. The derivative is in a liability position at December 31, 2019 and is reported in Other long-term liabilities 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, net in the Consolidated Statement of Operations.

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 liabilities in the Consolidated Statement of Financial Position as of December 31, 2019 and Other long-term assets in the Consolidated Statement of Financial Position as of December 31, 2018. The derivative is being accounted for at fair value with changes in fair value being reported in Other 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, 2019 and 2018 was $1 million and $3 million, respectively. The gross fair value of the foreign currency forward contracts in a liability position as of December 31, 2019 and 2018 were $0 million and $1 million, respectively.

The fair value of the embedded conversion features and term extension option derivatives are calculated using unobservable inputs (Level 3 fair measurements). The value of the Optional Conversion feature associated with both the Convertible Notes and Series A Preferred Stock is calculated using a binomial lattice model. The value of the term extension option reflects the probability weighted average value of the Convertible Notes using the original maturity date and a hypothetical extended maturity date, with all other contractual terms unchanged. The following tables present the key inputs in the determination of fair value for the embedded conversion features and termination option derivatives.

Convertible Notes:

	Valuation Date
				May 24,
	December 31,			2019
	2019			(Inception)
Total value of embedded derivative liability (in millions)	$	51		$	14
Kodak's closing stock price		4.65			2.31
Expected stock price volatility		104.61	%		92.48	%
Risk free rate		1.58	%		2.13	%
Yield on the convertible notes		11.52	%		11.98	%

Series A Preferred Stock:

	Valuation Date
	December 31,
	2019			2018
Total value of embedded derivative liability (asset) (in millions)	$	1		$	(4	)
Kodak's closing stock price		4.65			2.55
Expected stock price volatility		104.61	%		95.55	%
Risk free rate		1.58	%		2.46	%
Yield on the preferred stock		16.27	%		23.77	%

The Fundamental Change and Reorganization Conversion values at issuance were calculated as the difference between the total value of the Convertible Notes or Series A Preferred Stock, as applicable, and the sum of the net present value of the cash flows if the Convertible Notes are repaid at their maturity or 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 and term extension option derivative liability. Other than events which alter the likelihood of a fundamental change or reorganization event, the value of the Fundamental Change and Reorganization Conversion reflect the value as of the issuance date, amortized for the passage of time. The Fundamental Change and Reorganization Conversion value for the Series A Preferred Stock exceeded the value of the embedded conversion features derivative liability at December 31, 2018 resulting in the derivative being reported as an asset.

The fair values of long-term borrowings were $111 million and $5 million at December 31, 2019 and 2018, 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, 2019.

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, 2019.

- 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 15 - Revenue

12 Months Ended

Dec. 31, 2019

Revenue From Contract With Customer [Abstract]

Revenue

NOTE 15: REVENUE

Disaggregation of Revenue

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

Major product:

	Year Ended
	December 31, 2019
	Print Systems		Enterprise Inkjet Systems		Kodak Software		Brand, Film and Imaging		Advanced Materials and 3D Printing Technology		Eastman Business Park		Total
Plates, inks and other consumables	$	620	$	34	$	—	$	11	$	—	$	—	$	665
Ongoing service arrangements ⁽¹⁾		126		72		44		3		—		—		245
Total Annuities		746		106		44		14		—		—		910
Equipment & Software		77		22		12		—		—		—		111
Film and chemicals		—		—		—		166		—		—		166
Other⁽²⁾		13		—		—		29		3		10		55
Total	$	836	$	128	$	56	$	209	$	3	$	10	$	1,242

	Year Ended
	December 31, 2018
	Print Systems		Enterprise Inkjet Systems		Kodak Software		Brand, Film and Imaging		Advanced Materials and 3D Printing Technology		Eastman Business Park		Total
Plates, inks and other consumables	$	685	$	32	$	—	$	16	$	—	$	—	$	733
Ongoing service arrangements ⁽¹⁾		133		79		48		3		—		—		263
Total Annuities		818		111		48		19		—		—		996
Equipment & Software		78		25		17		—		—		—		120
Film and chemicals		—		—		—		161		—		—		161
Other⁽²⁾		—		—		—		30		4		9		43
Total	$	896	$	136	$	65	$	210	$	4	$	9	$	1,320

⁽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, 2019
	Print Systems		Enterprise Inkjet Systems		Kodak Software		Brand, Film and Imaging		Advanced Materials and 3D Printing Technology		Eastman Business Park		Total
Growth engines⁽¹⁾	$	180	$	84	$	56	$	29	$	3	$	—	$	352
Strategic other businesses ⁽²⁾		625		—		—		169		—		10		804
Planned declining businesses ⁽³⁾		31		44		—		11		—		—		86
	$	836	$	128	$	56	$	209	$	3	$	10	$	1,242

	Year Ended
	December 31, 2018
	Print Systems		Enterprise Inkjet Systems		Kodak Software		Brand, Film and Imaging		Advanced Materials and 3D Printing Technology		Eastman Business Park		Total
Growth engines⁽¹⁾	$	159	$	84	$	65	$	30	$	3	$	—	$	341
Strategic other businesses ⁽²⁾		701		—		—		164		1		9		875
Planned declining businesses ⁽³⁾		36		52		—		16		—		—		104
	$	896	$	136	$	65	$	210	$	4	$	9	$	1,320

⁽¹⁾

Growth engines consist of Sonora; PROSPER; Kodak Software; 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 Brand, Film and Imaging segment, the Eastman Business Park segment 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 Brand, Film and Imaging segment, Versamark in the Enterprise Inkjet Systems segment and Digimaster in the Print Systems segment.

Geography⁽¹⁾:

	Year Ended
	December 31, 2019
	Print Systems		Enterprise Inkjet Systems		Kodak Software		Brand, Film and Imaging		Advanced Materials and 3D Printing Technology		Eastman Business Park		Total
United States	$	231	$	52	$	25	$	131	$	3	$	10	$	452
Canada		17		2		3		2		—		—		24
North America		248		54		28		133		3		10		476
Europe, Middle East and Africa		327		42		18		21		—		—		408
Asia Pacific		214		30		8		54		—		—		306
Latin America		47		2		2		1		—		—		52
Total Sales	$	836	$	128	$	56	$	209	$	3	$	10	$	1,242

	Year Ended
	December 31, 2018
	Print Systems		Enterprise Inkjet Systems		Kodak Software		Brand, Film and Imaging		Advanced Materials and 3D Printing Technology		Eastman Business Park		Total
United States	$	234	$	45	$	29	$	127	$	4	$	9	$	448
Canada		13		1		4		2		—		—		20
North America		247		46		33		129		4		9		468
Europe, Middle East and Africa		367		56		22		20		—		—		465
Asia Pacific		226		31		8		59		—		—		324
Latin America		56		3		2		2		—		—		63
Total Sales	$	896	$	136	$	65	$	210	$	4	$	9	$	1,320

⁽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, 2019.

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, 2019 and 2018 were $4 million and $3 million, respectively, and are reported in Other current assets 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, 2019 and 2018 were $61 million and $48 million, respectively, of which $43 million and $42 million, respectively, are reported in Other current liabilities and $18 million and $6 million, respectively, are reported in Other long-term liabilities in the Consolidated Statement of Financial Position.

Revenue recognized for the years ended December 31, 2019 and 2018 that was included in the contract liability balance at the beginning of the year was $34 million in both years and primarily represented revenue from prepaid service contracts and equipment revenue recognition. Contract liabilities as of December 31, 2019 and 2018 included $47 million and $36 million, respectively of cash payments received during the years ended December 31, 2019 and 2018, respectively .

Note 16 - Other Operating Expense, Net

12 Months Ended

Dec. 31, 2019

Other Operating Expense Income Net [Abstract]

Other Operating Expense, Net

NOTE 16: OTHER OPERATING EXPENSE, NET

	Year Ended December 31,
(in millions)	2019			2018
Expense (income):
Loss (gain) related to the sales of assets ⁽¹⁾	$	14		$	(13	)
Transition services agreement income		(6	)		—
Asset impairments^{(2), (3)}		6			13
Korea withholding tax refund⁽⁴⁾		—			16
Legal reserve changes		—			(6	)
Other		1			(1	)
Total	$	15		$	9

⁽¹⁾

In the third quarter of 2019, Kodak sold its shares of Kodak (China) Graphic Communication Co., Ltd. and recognized a loss of $12 million. Refer to Note 30 “Assets Held for Sale”.

⁽²⁾

In the fourth quarter of 2019, Kodak determined the carrying value of one building no longer in use exceeded its fair value and recorded an impairment charge of $2 million. ”

⁽³⁾

In the fourth quarters of 2019 and 2018, Kodak recorded impairment charges of $4 million and $13 million, respectively, related to the Kodak trade name. Refer to Note 5, “Goodwill and Other Intangible Assets”.

⁽⁴⁾

Refer to Note 18, “Income Taxes”, section, “IRS and Korean National Tax Service Agreement”.

Note 17 - Other Charges, Net

12 Months Ended

Dec. 31, 2019

Other Income And Expenses [Abstract]

Other Charges, Net

NOTE 17: OTHER CHARGES, NET

	Year Ended December 31,
(in millions)	2019		2018
Change in fair value of embedded conversion features derivative ⁽¹⁾	$	42	$	—
Loss on foreign exchange transactions		3		16
Other		1		1
Total	$	46	$	17

⁽¹⁾

Refer to Note 14, “Financial Instruments”.

Note 18 - Income Taxes

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Income Taxes

NOTE 18: INCOME TAXES

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

	Year Ended December 31,
	2019			2018
(Loss) earnings from continuing operations before income taxes:
U.S.	$	(68	)	$	(46	)
Outside the U.S.		8			33
Total	$	(60	)	$	(13	)
U.S. income taxes:
Current benefit	$	—		$	(30	)
Deferred provision		—			1
Income taxes outside the U.S.:
Current provision		7			4
Deferred provision		24			21
Total provision	$	31		$	(4	)

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

	Year Ended December 31,
	2019			2018
Amount computed using the statutory rate	$	(13	)	$	(3	)
Increase (reduction) in taxes resulting from:
Unremitted foreign earnings		(1	)		2
Operations outside the U.S.		22			28
Legislative tax law and rate changes		1			7
Valuation allowance		11			(18	)
Tax settlements and adjustments, including interest		2			(33	)
Discharge of debt and other reorganization related items		—			13
Embedded derivative liability		9			—
Provision (benefit) from income taxes	$	31		$	(4	)

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,
	2019		2018
Deferred tax assets
Pension and postretirement obligations	$	39	$	62
Restructuring programs		2		1
Leasing		1		—
Foreign tax credit		355		357
Inventories		8		10
Investment tax credit		46		48
Employee deferred compensation		24		23
Depreciation		41		64
Research and development costs		56		67
Tax loss carryforwards		325		338
Other deferred revenue		2		1
Other		86		67
Total deferred tax assets	$	985	$	1,038

Deferred tax liabilities
Leasing	$	—	$	2
Goodwill/intangibles		11		16
Unremitted foreign earnings		19		22
Total deferred tax liabilities		30		40
Net deferred tax assets before valuation allowance		955		998
Valuation allowance		821		853
Net deferred tax assets	$	134	$	145

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

	As of December 31,
	2019			2018
Deferred income taxes	$	147		$	160
Other long-term liabilities		(13	)		(15	)
Net deferred tax assets	$	134		$	145

As of December 31, 2019, Kodak had available domestic and foreign NOL carry-forwards for income tax purposes of approximately $1,452 million, of which approximately $639 million have an indefinite carry-forward period. The remaining $813 million expire between the years 2020 and 2038. As of December 31, 2019, Kodak had unused foreign tax credits and investment tax credits of $355 million and $46 million, respectively, with various expiration dates through 2035.

Utilization of 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.

Kodak had deferred tax liabilities of $19 million and $22 million for potential taxes on the undistributed earnings, including foreign withholding taxes, as of December 31, 2019 and 2018, respectively.

Kodak’s valuation allowance as of December 31, 2019 was $821 million. Of this amount, $168 million was attributable to Kodak’s net deferred tax assets outside the U.S. of $322 million, and $653 million related to Kodak’s net deferred tax assets in the U.S. of $633 million, for which Kodak believes it is not more likely than not that the assets will be realized.

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 $322 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 2019 and 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 and profits in locations outside the U.S. and accordingly recorded a provision of $19 million and $15 million, respectively, associated with the establishment 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 be realized as a result of increased profits in a location outside the U.S. and accordingly recorded a benefit $4 million associated with the release of a valuation allowance on those deferred tax assets.

The net deferred tax assets in excess of the valuation allowance of approximately $134 million and $145 million as of December 31, 2019 and 2018, 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,
	2019			2018
Balance as of January 1	$	57		$	61
Tax positions related to the current year:
Additions		—			—
Tax positions related to prior years:
Additions		1			1
Reductions		(1	)		(5	)
Settlements with taxing jurisdictions		(3	)		—
Balance as of December 31	$	54		$	57

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 $14 million and $16 million of interest and penalties associated with uncertain tax benefits accrued as of December 31, 2019 and 2018, respectively.

Kodak had uncertain tax benefits of approximately $20 million and $26 million as of December 31, 2019 and 2018, 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 $40 million to $50 million based on current estimates, which includes a U.S. federal audit issue related to years 2013 and 2014. 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 2019, Kodak reached a settlement outside of the U.S. and settled an audit for calendar years 2005-2008. Kodak originally recorded liabilities for uncertain tax positions (“UTPs”) totaling $3 million (plus interest of approximately $3 million). Kodak paid $2 million in 2019 as result of this settlement and will pay the remaining $4 million by April 2020.

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 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.

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 (‘IRS”) for years 2013 and 2014. With respect to countries outside the U.S., Kodak has substantially concluded all material foreign income tax matters through 2012 with respective foreign tax jurisdiction authorities.

On February 21, 2020, Kodak agreed to terms with the IRS and settled the federal audit for calendar years 2013 and 2014. For these years, Kodak originally recorded a federal UTP totaling $41 million, which was fully offset by tax attributes. This settlement will result in an increase in net deferred tax assets and will be fully offset by a corresponding increase in Kodak’s U.S. valuation allowance, resulting in no net tax benefit.

Note 19 - Restructuring Costs and Other

12 Months Ended

Dec. 31, 2019

Restructuring And Related Activities [Abstract]

Restructuring Costs and Other

NOTE 19: 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 two years ended December 31, 2019 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
Charges		17			—			—		17
Utilization/cash payments		(12	)		(2	)		—		(14	)
Other adjustments & reclasses⁽²⁾		(5	)		—			—		(5	)
Balance as of December 31, 2018		6			2			—		8
Charges		16			—			—		16
Utilization/cash payments		(8	)		(1	)		—		(9	)
Other adjustments & reclasses ⁽²⁾		(3	)		—			—		(3	)
Balance as of December 31, 2019	$	11		$	1		$	—	$	12

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

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.

2019 Activity

Restructuring actions taken in 2019 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, research and development, and other administrative functions.

As a result of these actions, for the year ended December 31, 2019 Kodak recorded $16 million of charges which were reported as Restructuring costs and other in the accompanying Consolidated Statement of Operations.

The 2019 severance costs related to the elimination of approximately 220 positions, including approximately 150 administrative, 65 manufacturing/service, and 5 research and development positions. The geographic composition of these positions included approximately 90 in the U.S. and Canada, and 130 throughout the rest of the world.

As a result of these initiatives, the majority of the severance will be paid during periods through the end of the third quarter of 2020. The exit cost reserves primarily relate to a liability whose payment timing is uncertain.

Note 20 - Retirement Plans

12 Months Ended

Dec. 31, 2019

Disclosure Text Block [Abstract]

Retirement Plans

NOTE 20: 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 into 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. Effective January 1, 2020, the credits will increase to either 9% or 10% of pay.

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, 2019						Year Ended December 31, 2018
(in millions)	U.S.			Non-U.S.			U.S.			Non-U.S.
Change in Benefit Obligation
Projected benefit obligation at beginning of period	$	3,405		$	834		$	3,866		$	885
Service cost		10			3			13			3
Interest cost		122			13			109			12
Benefit payments		(349	)		(48	)		(414	)		(50	)
Actuarial loss (gain)		284			36			(174	)		—
Special termination benefits		3			—			5			—
Currency adjustments		—			(4	)		—			(16	)
Projected benefit obligation at end of period	$	3,475		$	834		$	3,405		$	834

Change in Plan Assets
Fair value of plan assets at beginning of period	$	3,445		$	671		$	3,804		$	722
Gain on plan assets		514			28			55			5
Employer contributions		—			10			—			4
Benefit payments		(349	)		(48	)		(414	)		(50	)
Currency adjustments		—			—			—			(10	)
Fair value of plan assets at end of period	$	3,610		$	661		$	3,445		$	671

Over (under) funded status at end of period	$	135		$	(173	)	$	40		$	(163	)

Accumulated benefit obligation at end of period	$	3,474		$	825		$	3,403		$	824

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,
	2019					2018
	U.S.		Non-U.S.			U.S.		Non-U.S.
Other long-term assets	$	135	$	26		$	40	$	32
Pension and other postretirement liabilities		—		(199	)		—		(195	)
Net amount recognized	$	135	$	(173	)	$	40	$	(163	)

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

`	As of December 31,
	2019				2018
	U.S.		Non-U.S.		U.S.		Non-U.S.
Projected benefit obligation	$	—	$	568	$	—	$	578
Fair value of plan assets		—		368		—		382

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,
	2019				2018
	U.S.		Non-U.S.		U.S.		Non-U.S.
Accumulated benefit obligation	$	—	$	559	$	—	$	568
Fair value of plan assets		—		368		—		382

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,
	2019						2018
	U.S.			Non-U.S.			U.S.			Non-U.S.
Prior service credit	$	20		$	3		$	27		$	3
Net actuarial loss		(244	)		(151	)		(258	)		(126	)
Total	$	(224	)	$	(148	)	$	(231	)	$	(123	)

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

	Year Ended December 31,
	2019						2018
	U.S.			Non-U.S.			U.S.			Non-U.S.
Newly established gain (loss)	$	16		$	(30	)	$	6		$	(21	)
Amortization of:
Prior service credit		(7	)		—			(7	)		—
Net actuarial loss		—			5			5			5
Curtailment gain recognized in expense		(2	)		—			—			—
Total income (loss) recognized in Other comprehensive income	$	7		$	(25	)	$	4		$	(16	)

The Company expects to recognize $7 million of prior service credits and $21 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,
	2019						2018
	U.S.			Non-U.S.			U.S.			Non-U.S.
Major defined benefit plans:
Service cost	$	10		$	3		$	13		$	3
Interest cost		122			13			109			12
Expected return on plan assets		(214	)		(22	)		(223	)		(26	)
Amortization of:
Prior service credit		(7	)		—			(7	)		—
Actuarial loss		—			5			5			5
Pension income before special termination benefits		(89	)		(1	)		(103	)		(6	)
Special termination benefits		3			—			5			—
Curtailment gains		(2	)		—			—			—
Net pension income for major defined benefit plans		(88	)		(1	)		(98	)		(6	)
Other plans including unfunded plans		—			(3	)		—			(4	)
Net pension income	$	(88	)	$	(4	)	$	(98	)	$	(10	)

The pension income before special termination benefits reported above for the year ended December 31, 2018 included $1 million which is reported as Earnings (loss) from discontinued operations.

The $2 million curtailment gain for the year ended December 31, 2019 was incurred as a result of the sale of FPD. In addition, the amounts shown in Other Plans for the year ended December 31, 2019 include $5 million of settlement gains due to the transfer of non-major, non-U.S. pension liabilities as a result of the sale of FPD. These amounts are included in Earnings (loss) from discontinued operations in the Consolidated Statement of Operations.

The special termination benefits of $3 million and $5 million for the years ended December 31, 2019 and 2018, respectively, were incurred as a result of Kodak's restructuring actions and, therefore, has 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,
	2019						2018
	U.S.			Non-U.S.			U.S.			Non-U.S.
Discount rate		2.97	%		1.44	%		4.04	%		2.05	%
Salary increase rate		3.50	%		1.72	%		3.50	%		2.06	%

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,
	2019						2018
	U.S.			Non-U.S.			U.S.			Non-U.S.
Effective rate for service cost		4.03	%		2.47	%		3.33	%		2.32	%
Effective rate for interest cost		3.75	%		1.89	%		2.96	%		1.70	%
Salary increase rate		3.50	%		2.06	%		3.50	%		2.17	%
Expected long-term rate of return on plan assets		6.50	%		3.46	%		6.40	%		3.98	%

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 as of December 31, 2019 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, 2019, 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 6.0%.

As with KRIP, the EROA assumptions for certain of Kodak’s other pension plans were reassessed as of December 31, 2019. The weighted average annual expected return on plan assets for the major non-U.S. pension plans was 3.3% based on the plans’ respective asset allocations as of December 31, 2019.

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, 2019 and 2018, 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,
	2019			2018			2019 Target
Asset Category
Equity securities		10	%		11	%	7-13%
Debt securities		44	%		40	%	35-45%
Real estate		1	%		2	%	0-6%
Cash and cash equivalents		1	%		1	%	0-6%
Global balanced asset allocation funds		15	%		13	%	12-18%
Other		29	%		33	%	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,
	2019			2018			2019 Target
Asset Category
Equity securities		5	%		3	%	0-10%
Debt securities		31	%		33	%	30-40%
Real estate		2	%		1	%	0-6%
Cash and cash equivalents		2	%		2	%	0-6%
Global balanced asset allocation funds		5	%		4	%	0-10%
Other		55	%		57	%	55-65%
Total		100	%		100	%

Fair Value Measurements

Kodak’s asset allocations by level within the fair value hierarchy at December 31, 2019 and 2018 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, 2019

	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	$	—		$	—	$	—	$	38	$	38

Equity Securities		4			—		—		374		378

Debt Securities:
Government Bonds		—			—		—		1,110		1,110
Investment Grade Bonds		—			457		—		—		457

Real Estate		—			—		—		42		42

Global Balanced Asset Allocation Funds		—			—		—		544		544

Other:
Absolute Return		—			—		—		370		370
Private Equity		—			—		7		680		687
Derivatives with unrealized gains		2			—		—		—		2
Derivatives with unrealized losses		(18	)		—		—		—		(18	)
	$	(12	)	$	457	$	7	$	3,158	$	3,610

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

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, 2019

	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	$	5	$	—	$	—	$	8	$	13

Equity Securities		—		—		—		33		33

Debt Securities:
Government Bonds		—		—		—		51		51
Inflation-Linked Bonds		—		—		—		4		4
Investment Grade Bonds		—		61		—		65		126
Global High Yield & Emerging Market Debt		—		—		—		26		26

Real Estate		—		—		—		11		11

Global Balanced Asset Allocation Funds		—		—		—		34		34

Other:
Absolute Return		—		—		—		7		7
Private Equity		—		—		—		38		38
Insurance Contracts		—		317		—		—		317
Derivatives with unrealized gains		1		—		—		—		1
Derivatives with unrealized losses		—		—		—		—		—
	$	6	$	378	$	—	$	277	$	661

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

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, 2019 investments shown in the major U.S. plans table above, 4% 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, 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, 2019 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 2 years duration and are reported in those respective classes. 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.

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, 2019		Relating to Assets Still Held		Relating to Assets Sold During the Period		Net Purchases, Sales and Settlements			Balance at December 31, 2019
Private Equity		6		2		—		(1	)		7
Total	$	6	$	2	$	—	$	(1	)	$	7

	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

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

	U.S.		Non-U.S.
2020	$	308	$	48
2021		295		47
2022		283		46
2023		272		46
2024		261		45
2025 - 2029		1,134		205

Note 21 - Other Postretirement Benefits

12 Months Ended

Dec. 31, 2019

Postemployment Benefits [Abstract]

Other Postretirement Benefits

NOTE 21: 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,
	2019			2018
Net benefit obligation at beginning of period	$	64		$	71
Interest cost		2			2
Plan participants’ contributions		1			1
Actuarial gain		—			(6	)
Benefit payments		(4	)		(4	)
Currency adjustments		—			—
Net benefit obligation at end of period	$	63		$	64

Underfunded status at end of period	$	(63	)	$	(64	)

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

	As of December 31,
	2019			2018
Other current liabilities	$	(3	)	$	(3	)
Pension and other postretirement liabilities		(60	)		(61	)
	$	(63	)	$	(64	)

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

	As of December 31,
	2019			2018
Net actuarial gain	$	(5	)	$	(6	)

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

	Year Ended December 31,
	2019		2018
Newly established loss (gain)	$	—	$	(6	)
Amortization of:
Net actuarial gain		1		—
Total gain recognized in Other comprehensive (loss) income	$	1	$	(6	)

Other postretirement benefit cost included:

	Year Ended December 31,
	2019			2018
Components of net postretirement benefit cost:
Service cost	$	—		$	—
Interest cost		2			2
Amortization of:
Actuarial gain		(1	)		—
Other postretirement benefit cost from continuing operations	$	1		$	2

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

	Year Ended December 31,
	2019			2018
Discount rate		2.93	%		3.59	%
Salary increase rate		1.80	%		2.35	%

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

	Year Ended December 31,
	2019			2018
Effective rate for interest cost		3.26	%		2.88	%
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:

	2019			2018
Healthcare cost trend		5.37	%		5.70	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)		3.14	%		3.38	%
Year that the rate reaches the ultimate trend rate		2038			2038

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):

2020	$	4
2021		3
2022		3
2023		3
2024		3
2024-2028		16

Note 22 - Earnings Per Share

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Earnings Per Share

NOTE 22: 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, 2019 and 2018 follows (in millions):

	Year Ended December 31,
	2019			2018
Loss from continuing operations attributable to Eastman Kodak Company	$	(91	)	$	(9	)
Less: Series A Preferred Stock cash and accrued dividends		(11	)		(11	)
Less: Series A Preferred Stock deemed dividends		(9	)		(9	)
Loss from continuing operations available to common shareholders - basic and diluted	$	(111	)	$	(29	)

Net income (loss) attributable to Eastman Kodak Company	$	116		$	(16	)
Less: Series A Preferred Stock cash and accrued dividends		(11	)		(11	)
Less: Series A Preferred Stock deemed dividends		(9	)		(9	)
Net income (loss) available to common shareholders - basic and diluted	$	96		$	(36	)

As a result of the net loss from continuing operations available to common shareholders for the years ended December 31, 2019 and 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 years ended December 31, 2019 and 2018, the calculation of diluted earnings per share would have included the assumed conversion of 0.6 million and 0.3 million unvested restricted stock units.

The computation of diluted earnings per share for the years ended December 31, 2019 and 2018 excluded the impact of (1) the assumed conversion of 2.0 million shares of Series A Preferred Stock, and (2) the assumed conversion of 6.8 million and 5.2 million outstanding employee stock options, respectively, because they would have been anti-dilutive. The computation of diluted earnings per share for the year ended December 31, 2019 also excluded the assumed conversion of $100 million of Convertible Notes because the effects would have been anti-dilutive.

Note 23 - Stock-based Compensation

12 Months Ended

Dec. 31, 2019

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock-based Compensation

NOTE 23: 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 2.5 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 for both the years ended December 31, 2019 and 2018.

The weighted average grant date fair value of restricted stock unit awards granted for the years ended December 31, 2019 and 2018 was $2.93 and $3.66, respectively. The total fair value of restricted stock units that vested was $2 million and $3 million for the years ended December 31, 2019 and 2018, respectively. As of December 31, 2019, there was $0.3 million of unrecognized compensation cost related to restricted stock units. The cost is expected to be recognized over a weighted average period of 1.3 years.

The following table summarizes information about restricted stock unit activity for the year ended December 31, 2019:

	Number of Restricted Stock Units		Weighted-Average Grant Date Fair Values
Outstanding on December 31, 2018		703,748	$	4.72
Granted		521,698	$	2.93
Vested		475,295	$	4.92
Forfeited		28,350	$	5.88
Outstanding on December 31, 2019		721,801	$	3.25

Stock Options

The following table summarizes information about stock option activity for the year ended December 31, 2019:

	Shares Under Option		Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value ($ millions)
Outstanding on December 31, 2018		5,195,937	$	13.85
Granted		2,220,959	$	4.60
Forfeited		573,817	$	12.50
Outstanding on December 31, 2019		6,843,079	$	10.96	4.07	$	2
Exercisable on December 31, 2019		6,050,372	$	11.18	3.95	$	2
Expected to vest December 31, 2019		792,707	$	9.27	5.86	$	—

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 were no options exercised in 2019 or 2018.

The weighted average grant date fair value of options granted for the years ended December 31, 2019 and 2018 was $1.73 and $2.47, respectively. The total fair value of options that vested during the years ended December 31, 2019 and 2018 was $7 million and $5 million, respectively. Compensation cost related to stock options for the years ended December 31, 2019 and 2018 was $5 million and $4 million, respectively.

As of December 31, 2019, there was $0.5 million of unrecognized compensation cost related to stock options. The cost is expected to be recognized over a weighted average period of 1.0 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,
	2019		2018
Weighted-average fair value of options granted	$	1.73	$	2.45
Weighted-average risk-free interest rate	2.47%		2.70%
Range of risk-free interest rates	2.28% - 2.54%		2.59% - 2.95%
Weighted-average expected option lives	4.5 years		4.5 years
Expected option lives	4.5 years		4.4 - 4.5 years
Weighted-average volatility	90%		81%
Range of expected volatilities	81% - 90%		80% - 83%
Weighted-average expected dividend yield	0.00%		0.00%

Note 24 - Shareholders' Equity

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Stockholders' Equity

NOTE 24: 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, 2019 there were 43.2 million shares of common stock outstanding and 2.0 million shares of Series A preferred stock issued and outstanding. 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.

Treasury Stock

Treasury stock consisted of approximately 0.7 and 0.6 million shares at December 31, 2019 and 2018, respectively.

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 25 - Other Comprehensive Loss

12 Months Ended

Dec. 31, 2019

Other Comprehensive Income Loss Net Of Tax Period Increase Decrease [Abstract]

Other Comprehensive Loss

NOTE 25: OTHER COMPREHENSIVE LOSS

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

		Year Ended December 31,
(in millions)		2019			2018
Currency translation adjustments
Currency translation adjustments		$	3		$	(11	)
Amount transferred to net income due to the sale of an investment in a foreign entity			3			—
Currency translation adjustments and other			6			(11	)

Pension and other postretirement benefit plan changes
Newly established net actuarial loss			(14	)		(5	)
Tax benefit			9			1
Newly established net actuarial loss, net of tax			(5	)		(4	)
Reclassification adjustments:
Amortization of prior service credit	^(a)		(8	)		(8	)
Amortization of actuarial losses	^(a)		4			4
Recognition of gains due to settlements and curtailments	^(a)		(2	)		(1	)
Total reclassification adjustments			(6	)		(5	)
Tax provision			(1	)		—
Reclassification adjustments, net of tax			(7	)		(5	)
Pension and other postretirement benefit plan changes, net of tax			(12	)		(9	)
Other comprehensive loss		$	(6	)	$	(20	)

^(a)	Reclassified to Pension income - refer to Note 20, "Retirement Plans" and Note 21, "Other Postretirement Benefits" for additional information.

Note 26 - Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2019

Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]

Accumulated Other Comprehensive Loss

NOTE 26: ACCUMULATED OTHER COMPREHENSIVE LOSS

Accumulated other comprehensive loss is composed of the following:

	As of December 31,
(in millions)	2019			2018
Currency translation adjustments	$	(90	)	$	(96	)
Pension and other postretirement benefit plan changes		(327	)		(315	)
Ending balance	$	(417	)	$	(411	)

Note 27 - Segment Information

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Segment Information

NOTE 27: SEGMENT INFORMATION

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, operates as a dedicated segment named Kodak Software segment.

Financial information is reported for six reportable segments: Print Systems, Enterprise Inkjet Systems, Kodak Software, Brand, Film and Imaging, 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.

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

Brand, Film and Imaging: The Brand, Film and Imaging, segment is comprised of five lines of business: Consumer Products, Industrial Film and Chemicals, Motion Picture, Kodak Services for Business (“KSB) and Kodakit.

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,
	2019		2018
(in millions)
Print Systems	$	836	$	896
Enterprise Inkjet Systems		128		136
Kodak Software		56		65
Brand, Film and Imaging		209		210
Advanced Materials and 3D Printing Technology		3		4
Eastman Business Park		10		9
Consolidated total	$	1,242	$	1,320

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; 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; the former CEO separation agreement compensation; other operating (expense) income, net (unless otherwise indicated); interest expense 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 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 Brand, Film and Imaging segment and the 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 changed.

2020 Segments

Change in Segments

Effective in January 2020 Kodak changed its organizational structure. Prepress Solutions, formerly part of the Print Systems segment, will operate as a separate segment named the Traditional Printing segment. Electrophotographic Printing Solutions, formerly part of the Print Systems segment, will be combined with the Enterprise Inkjet Systems segment and Kodak Software segment to form the Digital Print segment. The Brand, Imaging and Film segment, except for the licensing of the Kodak brand to third parties, will be combined with the Advanced Materials and 3D Printing segment to form the Advanced Materials and Chemicals segment. The licensing of the Kodak brand to third parties will operate as a separate segment named the Brand segment. The Eastman Business Park segment will no longer be a reportable segment.

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

	Year Ended December 31,
(in millions)	2019			2018
Print Systems	$	41		$	28
Enterprise Inkjet Systems		(5	)		4
Kodak Software		2			7
Brand, Film and Imaging		(13	)		(22	)
Advanced Materials and 3D Printing Technology		(12	)		(12	)
Eastman Business Park		(1	)		(4	)
Total of reportable segments		12			1
Depreciation and amortization		(55	)		(70	)
Restructuring costs and other		(16	)		(17	)
Stock-based compensation		(7	)		(6	)
Consulting and other costs ⁽¹⁾		(7	)		(14	)
Idle costs ⁽²⁾		(5	)		(3	)
Former CEO separation agreement compensation		(2	)		—
Other operating expense, net, excluding income from transition services agreement ⁽³⁾		(22	)		(9	)
Interest expense ⁽⁴⁾		(16	)		(9	)
Pension income excluding service cost component ⁽⁴⁾		104			131
Other charges, net ⁽⁴⁾		(46	)		(17	)
Consolidated loss from continuing operations before income taxes	$	(60	)	$	(13	)

⁽¹⁾	Consulting and other costs are professional services and internal costs associated with certain corporate strategic initiatives, including the divestiture of FPD 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 and the costs, net of any rental income received, of underutilized portions of certain properties.

⁽³⁾

$6 million of income from the transition services agreement with the Purchaser was recognized in the year ended December 31, 2019. The income was reported in Other operating expense, net in the Consolidated Statement of Operations. Other operating expense, net is typically excluded from the segment measure. However, the income from the transition services agreement was included in the segment measure.

⁽⁴⁾	As reported in the Consolidated Statement of Operations.

Kodak increased workers’ compensation reserves by approximately $3 million in 2019, primarily due to changes in discount rates. The increase in reserves impacted gross profit by approximately $2 million and SG&A by approximately $1 million. 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:	2019		2018
Print Systems	$	2	$	6
Enterprise Inkjet Systems		4		4
Brand, Film and Imaging		1		1
Consolidated total	$	7	$	11

(in millions)	Year Ended December 31,
Depreciation expense from continuing operations:	2019		2018
Print Systems	$	31	$	38
Enterprise Inkjet Systems		5		8
Kodak Software		2		2
Brand, Film and Imaging		4		4
Advanced Materials and 3D Printing		2		2
Eastman Business Park		4		5
Consolidated total	$	48	$	59

(in millions)	Year Ended December 31,
Long-lived assets ⁽¹⁾ located in:	2019		2018
The United States	$	85	$	104
Europe, Middle East and Africa		28		35
Asia Pacific		8		10
Canada and Latin America		60		67
Non-U.S. countries total ⁽²⁾		96		112
Consolidated total	$	181	$	216

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

⁽²⁾	Of the total non-U.S. property, plant and equipment in 2019, $56 million are located in Brazil. Of the total non-U.S. property, plant and equipment in 2018, $60 million was located in Brazil.

Major Customers

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

Note 28 - Related Party

12 Months Ended

Dec. 31, 2019

Related Party

NOTE 28: RELATED PARTY

Kodak’s Executive Chairman is the Chairman of the Board for a company that purchased $3 million of products in both 2019 and 2018. At both December 31, 2019 and 2018, the company owed Kodak $1 million.

Note 29 - Discontinued Operations

12 Months Ended

Dec. 31, 2019

Discontinued Operations And Disposal Groups [Abstract]

Discontinued Operations

NOTE 29: DISCONTINUED OPERATIONS

Flexographic Packaging segment

Discontinued operations of Kodak include the former Flexographic Packaging segment comprised of Kodak’s Flexographic Packaging Business (“FPD”).

Kodak consummated the sale of certain assets of FPD to MIR Bidco, SA (the “Purchaser”) on April 8, 2019 for net cash consideration at closing, in addition to the assumption by Purchaser of certain liabilities of FPD, of $320 million, pursuant to the Stock and Asset Purchase Agreement (“SAPA”) signed in November 2018 and amended in March 2019. Assets and liabilities of FPD in China were transferred at a deferred closing on July 1, 2019 for net cash consideration of $5.9 million at closing and a promissory note for $1.4 million in addition to the assumption by Purchaser of certain liabilities of FPD, in accordance with the SAPA. Kodak operated FPD in China, subject to certain covenants, until the deferred closing occurred. The promissory note was reduced by a true-up payment of $0.2 million owed by Kodak to the Purchaser which reflected the actual economic benefit attributable to the operation of FPD in China from the time of the initial closing through the time of the deferred closing.

The divested business has the right to use Kodak’s corporate brand for a 10-year period related to Covered Products (as defined in the SAPA) for no additional consideration. Therefore, $10 million of consideration received for the sale of FPD was recognized as deferred revenue related to the brand license. The deferred revenue is reported in Long-term liabilities in the Consolidated Statement of Financial Condition and will be recognized as revenue over the term of the license. Proceeds were allocated between the sale of FPD and the brand license based on their relative fair values.

Kodak recognized an after- tax gain on the sale of FPD of $212 million in the year ended December 31, 2019.

Simultaneously with entering into the SAPA, the Company and the Purchaser entered into an Earn-out Agreement, pursuant to which the Company will be entitled to an aggregate of up to $35 million in additional cash consideration if FPD achieves agreed EBITDA targets for 2018 ($10 million earn-out), 2019 ($10 million earn-out) and 2020 ($15 million earn-out). The EBITDA target for 2018 was not achieved. The FPD 2019 results are not yet available.

On April 16, 2019 the Purchaser paid Kodak $15 million as a prepayment for services and products to be provided by Kodak to the Purchaser. The Purchaser has the option to satisfy its payment obligations to Kodak through a reduction of the prepayment balance or in cash. As of December 31, 2019, the remaining prepayment balance was $3 million.

The results of operations of FPD are classified as discontinued operations in the Consolidated Statement of Operations for all periods presented. 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.

The results of operations of the Business are presented below:

	Year Ended December 31,
(in millions)	2019			2018
Revenues	$	44		$	148

Cost of sales		28			90
Selling, general and administrative expenses		10			21
Research and development expenses		2			8
Interest expense		7			27
Gain on divestiture		(214	)		—
Earnings from continuing operations before income taxes		211			2
Provision for income taxes		4			9
Earnings (loss) from discontinued operations	$	207		$	(7	)

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

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

	Year Ended December 31,
(in millions)	2019		2018
Depreciation	$	—	$	2
Amortization		—		1
Capital expenditures		—		7

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

Note 30 - Assets Held for Sale

12 Months Ended

Dec. 31, 2019

Discontinued Operations And Disposal Groups [Abstract]

Assets Held for Sale

NOTE 30: ASSETS HELD FOR SALE

Assets held for sale at December 31, 2018 include the assets and liabilities of the FPD business and the assets and liabilities of Kodak (China) Graphics Communication Co. Ltd., including the offset printing plates facility in Xiamen, China.

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

(in millions)	2019		2018
ASSETS
Cash and cash equivalents	$	—	$	2
Trade receivables, net		—		28
Inventories, net		—		33
Property, plant and equipment, net		—		28
Goodwill		—		20
Intangible assets		—		1
Other assets		—		1
Assets of business held for sale	$	—	$	113

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

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

On August 3, 2019 Kodak reached an agreement with Lucky HuaGuang Graphics Co. Ltd (“HuaGuang”) to establish a strategic relationship in the People’s Republic of China. The relationship is comprised of an agreement for Kodak to sell its shares of the Kodak (China) Graphic Communication Co. Ltd. entity which includes the offset printing plates facility in Xiamen, China, and related assets and liabilities, to HuaGuang, a supply agreement from HuaGuang to Kodak and a license agreement under which Kodak licenses its plates technology to HuaGuang to sell into the plates market in China. The relationship was established at a closing on September 1, 2019 for net cash consideration at closing, in addition to the assumption by HuaGuang of certain liabilities, of $30 million and promissory notes of $8 million representing the outstanding amount of net intercompany receivables owed by Kodak to the Kodak (China) Graphic Communication Co. Ltd at the time of closing. The promissory notes were repaid in full in November 2019.

The relationship with HuaGuang includes a license agreement under which Kodak licenses its plates technology to HuaGuang. Therefore, $13 million of the $30 million of consideration received was recognized as licensing revenue in the Print Systems segment in the three months ended September 30, 2019. Proceeds were allocated between the sale of the business and the intellectual property license based on their relative fair values.

The following table presents the aggregate carrying amount of major assets and liabilities of Kodak (China) Graphic Communication Co. Ltd:

	As of December 31,
(in millions)	2019		2018
ASSETS
Cash and cash equivalents	$	—	$	13
Inventories, net		—		5
Property, plant and equipment, net		—		30
Intangible assets		—		2
Other assets		—		4
Assets of business held for sale	$	—	$	54

LIABILITIES
Accounts payable, trade	$	—	$	19
Other current liabilities		—		4
Liabilities of business held for sale	$	—	$	23

Current assets held for sale as of December 31, 2019 in the Consolidated Statement of Financial Position included $2 million of assets under contract for sale not associated with either the FPD or HuaGuang transactions.

Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2019

Valuation And Qualifying Accounts [Abstract]

Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

Basis of Presentation and Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Accounting Principles

ACCOUNTING PRINCIPLES

When used in this report, unless otherwise indicated by the context, “EKC” means the parent company, Eastman Kodak Company (the “Company”) and “Kodak” refers to the consolidated group,

Basis of Consolidation

BASIS OF CONSOLIDATION

GOING CONCERN

RECLASSIFICATIONS

USE OF ESTIMATES

FOREIGN CURRENCY

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

Concentration of Credit Risk

CONCENTRATION OF CREDIT RISK

Cash Equivalents

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

Property, Plant and Equipment

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 assets’ estimated useful life.

Goodwill

GOODWILL

Workers Compensation

WORKERS’ COMPENSATION

Leases

LEASES

Kodak as lessee

Kodak as Lessor

Revenue

REVENUE

Research and Development Costs

RESEARCH AND DEVELOPMENT COSTS

Advertising

ADVERTISING

Shipping and Handling Costs

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

IMPAIRMENT OF LONG-LIVED ASSETS

Income Taxes

INCOME TAXES

Recently Adopted Accounting Pronouncements and Recently Issued Accounting Pronouncements

RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS

The impact of adoption on the Consolidated Statement of Financial Position is presented below:

(in millions)	Balance at December 31, 2018		Adjustments Due to ASU 2016-02			Balance at January 1, 2019
Operating lease right-of-use assets	$	—	$	51		$	51
Operating lease liabilities		—		61			61
Deferred rent payable ⁽¹⁾		10		(10	)		—
Deferred gain on previous sale leaseback transaction ⁽¹⁾		6		(6	)		—
Net fixed assets from previous sale leaseback transaction		1		(1	)		—
Accumulated deficit		200		(5	)		195

⁽¹⁾

Deferred amounts were previously reported in Other current liabilities ($2 million) and Other long-term liabilities ($14 million) in the Consolidated Statements of Financial Position.

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

Note 1 - Basis of Presentation and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Property Plant and Equipment Estimated Useful Lives

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 2016-02 [Member]

Summary of Impact of Adoption on Consolidated Statement of Financial Position

The impact of adoption on the Consolidated Statement of Financial Position is presented below:

(in millions)	Balance at December 31, 2018		Adjustments Due to ASU 2016-02			Balance at January 1, 2019
Operating lease right-of-use assets	$	—	$	51		$	51
Operating lease liabilities		—		61			61
Deferred rent payable ⁽¹⁾		10		(10	)		—
Deferred gain on previous sale leaseback transaction ⁽¹⁾		6		(6	)		—
Net fixed assets from previous sale leaseback transaction		1		(1	)		—
Accumulated deficit		200		(5	)		195

⁽¹⁾

Deferred amounts were previously reported in Other current liabilities ($2 million) and Other long-term liabilities ($14 million) in the Consolidated Statements of Financial Position.

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

12 Months Ended

Dec. 31, 2019

Cash And Cash Equivalents [Abstract]

Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash

	As of December 31,
(in millions)	2019		2018
Cash and cash equivalents	$	233	$	233
Restricted cash - current portion		12		8
Restricted cash - long-term		45		11
Cash included in assets held for sale		—		15
Total cash, cash equivalents, restricted cash and cash in assets held for sale shown in the Statement of Cash Flows	$	290	$	267

Note 3 - Inventories, Net (Tables)

12 Months Ended

Dec. 31, 2019

Inventory Disclosure [Abstract]

Inventories

	As of December 31,
(in millions)	2019		2018
Finished goods	$	105	$	119
Work in process		54		54
Raw materials		56		58
Total	$	215	$	231

Note 4 - Property, Plant and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2019

Property Plant And Equipment [Abstract]

Property, Plant and Equipment, Net

	As of December 31,
(in millions)	2019			2018
Land	$	67		$	70
Buildings and building improvements		144			145
Machinery and equipment		382			386
Construction in progress		11			10
		604			611
Accumulated depreciation		(423	)		(395	)
Property, plant and equipment, net	$	181		$	216

Note 5 - Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

Table [Text Block]

Carrying Value of Goodwill by Reportable Segments

(in millions)	Print Systems			Kodak Software		Brand, Film and Imaging		Advanced Materials and 3D Printing Technology			Consolidated Total
As of December 31, 2017
Goodwill	$	56		$	6	$	6	$	8		$	76
Accumulated impairment losses		(56	)		—		—		(8	)		(64	)
Balance as of December 31, 2017		—			6		6		—			12
Impairment		—			—		—		—			—
Balance as of December 31, 2018		—			6		6		—			12
Impairment		—			—		—		—			—
As of December 31, 2019
Goodwill		56			6		6		8			76
Accumulated impairment losses		(56	)		—		—		(8	)		(64	)
Balance as of December 31, 2019	$	—		$	6	$	6	$	—		$	12

Gross Carrying Amount and Accumulated Amortization by Major Intangible Asset Category

The gross carrying amount and accumulated amortization by major intangible asset category as of December 31, 2019 and 2018 were as follows:

	As of December 31, 2019
	Gross Carrying		Accumulated				Weighted-Average
(in millions)	Amount		Amortization		Net		Amortization Period
Technology-based	$	99	$	76	$	23	5 years
Kodak trade name		21		—		21	Indefinite life
Customer-related		11		8		3	4 years
Total	$	131	$	84	$	47

	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
Total	$	135	$	77	$	58

Estimated Future Amortization Expense Related to Intangible Assets

Estimated future amortization expense related to intangible assets that are currently being amortized as of December 31, 2019 was as follows:

(in millions)
2020	$	6
2021		5
2022		5
2023		4
2024		4
2025 and thereafter		2
Total	$	26

Note 6 - Other Long-term Assets (Tables)

12 Months Ended

Dec. 31, 2019

Other Assets Noncurrent Disclosure [Abstract]

Schedule of Other Long-Term Assets

	As of December 31,
(in millions)	2019		2018
Pension assets	$	173	$	82
Estimated workers' compensation recoveries		18		17
Long-term receivables, net of allowance of $4 million and $4 million		11		13
Other		26		31
Total	$	228	$	143

Note 7 - Other Current Liabilities (Tables)

12 Months Ended

Dec. 31, 2019

Other Liabilities Current [Abstract]

Summary of Other Current Liabilities

	As of December 31,
(in millions)	2019		2018
Employment-related liabilities	$	38	$	41
Deferred revenue and customer deposits		43		42
Customer rebates		23		26
Deferred consideration on disposed businesses⁽¹⁾		14		24
Series A Preferred Stock dividends payable		14		6
Restructuring liabilities		12		8
Workers' compensation		10		9
Transition services agreement prepayment		3		—
Other		44		53
Total	$	201	$	209

⁽¹⁾

Note 8 - Other Long-term Liabilities (Tables)

12 Months Ended

Dec. 31, 2019

Other Liabilities Noncurrent [Abstract]

Summary of Other Long-term Liabilities

	As of December 31,
(in millions)	2019		2018
Workers' compensation	$	84	$	83
Embedded conversion option derivative liabilities		52		—
Asset retirement obligations		48		48
Deferred brand licensing revenue		18		6
Deferred taxes		13		15
Environmental liabilities		10		10
Other		6		16
Total	$	231	$	178

Note 9 - Debt And Finance Leases (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Debt and Finance Leases and Related Maturities and Interest Rates

Debt and finance leases and related maturities and interest rates were as follows at December 31, 2019 and 2018:

				As of December 31,
				2019		2018
(in millions)	Type	Maturity	Weighted-Average Effective Interest Rate	Carrying Value		Carrying Value
Current portion:
	Term note		9.43%	$	—	$	394
	RED-Rochester, LLC	2033	11.42%		1		—
	Finance leases		Various		1		2
					2		396

Non-current portion:
	Convertible debt	2021	11.72%		91		—
	RED-Rochester, LLC	2033	11.42%		13		—
	Finance leases	Various	Various		4		3
	Other debt	Various	Various		1		2
					109		5
				$	111	$	401

Schedule of Maturities of Debt and Finance Leases Outstanding

Annual maturities of debt and finance leases outstanding at December 31, 2019 were as follows:

(in millions)	Carrying Value		Maturity Value
2020	$	2	$	2
2021		92		114
2022		2		2
2023		1		1
2024		1		1
2025 and thereafter		13		13
Total	$	111	$	133

Note 11 - Leases (Tables)

12 Months Ended

Dec. 31, 2019

Leases [Abstract]

The table below presents the lease-related assets and liabilities on the balance sheet:

	Classification in the	December 31,
(in millions)	Consolidated Statement of Financial Position	2019
Assets
Operating lease assets	Operating lease right-of-use assets	$	49
Finance lease assets	Property, plant and equipment, net		5
Total lease assets		$	54

Liabilities
Current
Operating	Current portion of operating leases	$	12
Finance	Short-term borrowings and current portion of long-term debt		1
Noncurrent
Operating	Operating leases, net of current portion		48
Finance	Long-term debt, net of current portion		4
Total lease liabilities		$	65

Weighted-average remaining lease term
Operating		7 years
Finance⁽¹⁾		338 years
Weighted-average discount rate
Operating ⁽²⁾			14.12	%
Finance			6.79	%

⁽¹⁾

One finance lease has a remaining term of 968 years. The weighted-average lease term excluding the lease with a remaining term of 968 years is 4 years.

⁽²⁾

Upon adoption of ASC 842, Kodak’s incremental borrowing rate of 16.50% as of January 1, 2019 was used for existing operating leases.

	Year Ended
	December 31,
(in millions)	2019
Finance lease expense
Amortization of leased assets	$	3
Interest on lease liabilities		—
Operating lease expense		25
Variable lease expense ⁽¹⁾		10
Total lease expense	$	38

⁽¹⁾

Variable lease expense is related to real estate leases and primarily includes taxes, insurance and operating costs.

Schedule of Supplemental Cash Flow Information Related to Leases

The table below presents supplemental cash flow information related to leases.

	Year Ended
	December 31,
(in millions)	2019
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	25
Operating cash flow for finance leases		—
Financing cash flow for finance leases		2
	$	27

Summary of Undiscounted Cash Flows for Next Five Years and Thereafter to Finance Lease Liabilities and Operating Lease Liabilities Recorded on Balance Sheet

The table below reconciles the undiscounted cash flows for the next five years and thereafter to the finance lease liabilities and operating lease liabilities recorded on the balance sheet.

(in millions)	Operating Leases			Finance Leases
2020	$	21		$	1
2021		15			1
2022		17			1
2023		9			—
2024		8			—
Thereafter		28			117
Total minimum lease payments		98			120
Less: amount of lease payments representing interest		(38	)		(115	)
Present value of future minimum lease payments		60			5
Less: current obligations under leases		12			1
Long-term lease obligations	$	48		$	4

Summary of Future Minimum Contractual Lease Payments For Operating Leases

Future minimum contractual lease payments for operating leases having initial or remaining noncancelable lease terms in excess of one year as of December 31, 2018 were as follows:

(in millions)	At December 31, 2018
2019	$	20
2020		21
2021		13
2022		3
2023		3
Thereafter		7
	$	67

Summary of Undiscounted Cash Flows to Be Received for Net Investment in Sales-type Leases

(in millions)
2020	$	2
2021		1
2022		1
2023 and thereafter		—
Total minimum lease payments		4
Less: unearned interest		—
Less: allowance for doubtful accounts		—
Net investment in sales-type leases	$	4

Summary of Undiscounted Cash Flows to Be Received for Operating Leases

Undiscounted cash flows to be received for the next five years and thereafter for operating leases and subleases are:

(in millions)
2020	$	10
2021		8
2022		6
2023		5
2024		4
Thereafter		14
Total minimum lease payments	$	47

Summary of Income Recognized on Lease Arrangements

Income recognized on operating lease arrangements for the year ended December 31, 2019 is presented below (income recognized for sales-type lease arrangements is $0 million):

	Year Ended
	December 31,
(in millions)	2019
Lease income - operating leases:
Lease income	$	9
Sublease income		6
Variable lease income ⁽¹⁾		6
Total lease income	$	21

⁽¹⁾

Variable lease income primarily represents operating costs under real estate leases and incremental variable income based on usage under equipment leases.

Equipment Subject to Operating Leases and Related Accumulated Depreciation

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

	As of December 31,
(in millions)	2019			2018
Equipment subject to operating leases	$	29		$	34
Accumulated depreciation		(20	)		(19	)
Equipment subject to operating leases, net	$	9		$	15

Note 12 - Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2019

Commitments And Contingencies Disclosure [Abstract]

Asset Retirement Obligation Activity

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

	For the Year Ended December 31,
	2019			2018
Asset Retirement Obligations at start of period	$	48		$	43
Liabilities incurred in the current period		3			3
Liabilities settled in the current period		(6	)		(3	)
Accretion expense		2			2
Revision in estimated cash flows		1			3
Asset Retirement Obligations at end of period	$	48		$	48

Note 13 - Guarantees (Tables)

12 Months Ended

Dec. 31, 2019

Guarantees [Abstract]

Deferred Revenue, by Arrangement

(in millions)
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
New extended warranty and maintenance arrangements		98
Recognition of extended warranty and maintenance arrangement revenue		(99	)
Deferred revenue on extended warranties as of December 31, 2019	$	21

Note 14 - Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2019

Fair Value Disclosures [Abstract]

Derivatives Not Designated as Hedging Instruments

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)

2019

2018

Net loss from derivatives not designated as hedging

instruments

Derivative Liability (Asset) Key Inputs in Determination of Fair Value for Embedded Conversion Features and Termination Option

The following tables present the key inputs in the determination of fair value for the embedded conversion features and termination option derivatives.

Convertible Notes:

	Valuation Date
				May 24,
	December 31,			2019
	2019			(Inception)
Total value of embedded derivative liability (in millions)	$	51		$	14
Kodak's closing stock price		4.65			2.31
Expected stock price volatility		104.61	%		92.48	%
Risk free rate		1.58	%		2.13	%
Yield on the convertible notes		11.52	%		11.98	%

Series A Preferred Stock:

	Valuation Date
	December 31,
	2019			2018
Total value of embedded derivative liability (asset) (in millions)	$	1		$	(4	)
Kodak's closing stock price		4.65			2.55
Expected stock price volatility		104.61	%		95.55	%
Risk free rate		1.58	%		2.46	%
Yield on the preferred stock		16.27	%		23.77	%

Note 15 - Revenue (Tables)

12 Months Ended

Dec. 31, 2019

Revenue From Contract With Customer [Abstract]

Disaggregated Revenue by Major Product, Product Portfolio Summary and Geography

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

Major product:

	Year Ended
	December 31, 2019
	Print Systems		Enterprise Inkjet Systems		Kodak Software		Brand, Film and Imaging		Advanced Materials and 3D Printing Technology		Eastman Business Park		Total
Plates, inks and other consumables	$	620	$	34	$	—	$	11	$	—	$	—	$	665
Ongoing service arrangements ⁽¹⁾		126		72		44		3		—		—		245
Total Annuities		746		106		44		14		—		—		910
Equipment & Software		77		22		12		—		—		—		111
Film and chemicals		—		—		—		166		—		—		166
Other⁽²⁾		13		—		—		29		3		10		55
Total	$	836	$	128	$	56	$	209	$	3	$	10	$	1,242

	Year Ended
	December 31, 2018
	Print Systems		Enterprise Inkjet Systems		Kodak Software		Brand, Film and Imaging		Advanced Materials and 3D Printing Technology		Eastman Business Park		Total
Plates, inks and other consumables	$	685	$	32	$	—	$	16	$	—	$	—	$	733
Ongoing service arrangements ⁽¹⁾		133		79		48		3		—		—		263
Total Annuities		818		111		48		19		—		—		996
Equipment & Software		78		25		17		—		—		—		120
Film and chemicals		—		—		—		161		—		—		161
Other⁽²⁾		—		—		—		30		4		9		43
Total	$	896	$	136	$	65	$	210	$	4	$	9	$	1,320

⁽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, 2019
	Print Systems		Enterprise Inkjet Systems		Kodak Software		Brand, Film and Imaging		Advanced Materials and 3D Printing Technology		Eastman Business Park		Total
Growth engines⁽¹⁾	$	180	$	84	$	56	$	29	$	3	$	—	$	352
Strategic other businesses ⁽²⁾		625		—		—		169		—		10		804
Planned declining businesses ⁽³⁾		31		44		—		11		—		—		86
	$	836	$	128	$	56	$	209	$	3	$	10	$	1,242

	Year Ended
	December 31, 2018
	Print Systems		Enterprise Inkjet Systems		Kodak Software		Brand, Film and Imaging		Advanced Materials and 3D Printing Technology		Eastman Business Park		Total
Growth engines⁽¹⁾	$	159	$	84	$	65	$	30	$	3	$	—	$	341
Strategic other businesses ⁽²⁾		701		—		—		164		1		9		875
Planned declining businesses ⁽³⁾		36		52		—		16		—		—		104
	$	896	$	136	$	65	$	210	$	4	$	9	$	1,320

⁽¹⁾

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

⁽²⁾

⁽³⁾

Geography⁽¹⁾:

	Year Ended
	December 31, 2019
	Print Systems		Enterprise Inkjet Systems		Kodak Software		Brand, Film and Imaging		Advanced Materials and 3D Printing Technology		Eastman Business Park		Total
United States	$	231	$	52	$	25	$	131	$	3	$	10	$	452
Canada		17		2		3		2		—		—		24
North America		248		54		28		133		3		10		476
Europe, Middle East and Africa		327		42		18		21		—		—		408
Asia Pacific		214		30		8		54		—		—		306
Latin America		47		2		2		1		—		—		52
Total Sales	$	836	$	128	$	56	$	209	$	3	$	10	$	1,242

	Year Ended
	December 31, 2018
	Print Systems		Enterprise Inkjet Systems		Kodak Software		Brand, Film and Imaging		Advanced Materials and 3D Printing Technology		Eastman Business Park		Total
United States	$	234	$	45	$	29	$	127	$	4	$	9	$	448
Canada		13		1		4		2		—		—		20
North America		247		46		33		129		4		9		468
Europe, Middle East and Africa		367		56		22		20		—		—		465
Asia Pacific		226		31		8		59		—		—		324
Latin America		56		3		2		2		—		—		63
Total Sales	$	896	$	136	$	65	$	210	$	4	$	9	$	1,320

⁽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, 2019.

Note 16 - Other Operating Expense, Net (Tables)

12 Months Ended

Dec. 31, 2019

Other Operating Expense Income Net [Abstract]

Schedule of Other Operating Expense (Income), by Component

	Year Ended December 31,
(in millions)	2019			2018
Expense (income):
Loss (gain) related to the sales of assets ⁽¹⁾	$	14		$	(13	)
Transition services agreement income		(6	)		—
Asset impairments^{(2), (3)}		6			13
Korea withholding tax refund⁽⁴⁾		—			16
Legal reserve changes		—			(6	)
Other		1			(1	)
Total	$	15		$	9

⁽¹⁾

In the third quarter of 2019, Kodak sold its shares of Kodak (China) Graphic Communication Co., Ltd. and recognized a loss of $12 million. Refer to Note 30 “Assets Held for Sale”.

⁽²⁾

In the fourth quarter of 2019, Kodak determined the carrying value of one building no longer in use exceeded its fair value and recorded an impairment charge of $2 million. ”

⁽³⁾

⁽⁴⁾

Refer to Note 18, “Income Taxes”, section, “IRS and Korean National Tax Service Agreement”.

Note 17 - Other Charges, Net (Tables)

12 Months Ended

Dec. 31, 2019

Other Income And Expenses [Abstract]

Schedule of Other Charges, Net

	Year Ended December 31,
(in millions)	2019		2018
Change in fair value of embedded conversion features derivative ⁽¹⁾	$	42	$	—
Loss on foreign exchange transactions		3		16
Other		1		1
Total	$	46	$	17

⁽¹⁾

Refer to Note 14, “Financial Instruments”.

Note 18 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of Loss before Income Tax, Domestic and Foreign

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

	Year Ended December 31,
	2019			2018
(Loss) earnings from continuing operations before income taxes:
U.S.	$	(68	)	$	(46	)
Outside the U.S.		8			33
Total	$	(60	)	$	(13	)
U.S. income taxes:
Current benefit	$	—		$	(30	)
Deferred provision		—			1
Income taxes outside the U.S.:
Current provision		7			4
Deferred provision		24			21
Total provision	$	31		$	(4	)

Schedule of Effective Income Tax Rate Reconciliation

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

	Year Ended December 31,
	2019			2018
Amount computed using the statutory rate	$	(13	)	$	(3	)
Increase (reduction) in taxes resulting from:
Unremitted foreign earnings		(1	)		2
Operations outside the U.S.		22			28
Legislative tax law and rate changes		1			7
Valuation allowance		11			(18	)
Tax settlements and adjustments, including interest		2			(33	)
Discharge of debt and other reorganization related items		—			13
Embedded derivative liability		9			—
Provision (benefit) from income taxes	$	31		$	(4	)

Schedule of Deferred Tax Assets and Liabilities

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

	As of December 31,
	2019		2018
Deferred tax assets
Pension and postretirement obligations	$	39	$	62
Restructuring programs		2		1
Leasing		1		—
Foreign tax credit		355		357
Inventories		8		10
Investment tax credit		46		48
Employee deferred compensation		24		23
Depreciation		41		64
Research and development costs		56		67
Tax loss carryforwards		325		338
Other deferred revenue		2		1
Other		86		67
Total deferred tax assets	$	985	$	1,038

Deferred tax liabilities
Leasing	$	—	$	2
Goodwill/intangibles		11		16
Unremitted foreign earnings		19		22
Total deferred tax liabilities		30		40
Net deferred tax assets before valuation allowance		955		998
Valuation allowance		821		853
Net deferred tax assets	$	134	$	145

Schedule of Components of Income Tax Expense (Benefit)

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

	As of December 31,
	2019			2018
Deferred income taxes	$	147		$	160
Other long-term liabilities		(13	)		(15	)
Net deferred tax assets	$	134		$	145

Schedule of Unrecognized Tax Benefits Roll Forward

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,
	2019			2018
Balance as of January 1	$	57		$	61
Tax positions related to the current year:
Additions		—			—
Tax positions related to prior years:
Additions		1			1
Reductions		(1	)		(5	)
Settlements with taxing jurisdictions		(3	)		—
Balance as of December 31	$	54		$	57

Note 19 - Restructuring Costs and Other (Tables)

12 Months Ended

Dec. 31, 2019

Restructuring And Related Activities [Abstract]

Restructuring Costs and Other

The activity in the accrued balances and the non-cash charges and credits incurred in relation to restructuring programs during the two years ended December 31, 2019 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
Charges		17			—			—		17
Utilization/cash payments		(12	)		(2	)		—		(14	)
Other adjustments & reclasses⁽²⁾		(5	)		—			—		(5	)
Balance as of December 31, 2018		6			2			—		8
Charges		16			—			—		16
Utilization/cash payments		(8	)		(1	)		—		(9	)
Other adjustments & reclasses ⁽²⁾		(3	)		—			—		(3	)
Balance as of December 31, 2019	$	11		$	1		$	—	$	12

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

Note 20 - Retirement Plans (Tables)

12 Months Ended

Dec. 31, 2019

Table [Text Block]

Schedule of Changes in Projected Benefit Obligations

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, 2019						Year Ended December 31, 2018
(in millions)	U.S.			Non-U.S.			U.S.			Non-U.S.
Change in Benefit Obligation
Projected benefit obligation at beginning of period	$	3,405		$	834		$	3,866		$	885
Service cost		10			3			13			3
Interest cost		122			13			109			12
Benefit payments		(349	)		(48	)		(414	)		(50	)
Actuarial loss (gain)		284			36			(174	)		—
Special termination benefits		3			—			5			—
Currency adjustments		—			(4	)		—			(16	)
Projected benefit obligation at end of period	$	3,475		$	834		$	3,405		$	834

Change in Plan Assets
Fair value of plan assets at beginning of period	$	3,445		$	671		$	3,804		$	722
Gain on plan assets		514			28			55			5
Employer contributions		—			10			—			4
Benefit payments		(349	)		(48	)		(414	)		(50	)
Currency adjustments		—			—			—			(10	)
Fair value of plan assets at end of period	$	3,610		$	661		$	3,445		$	671

Over (under) funded status at end of period	$	135		$	(173	)	$	40		$	(163	)

Accumulated benefit obligation at end of period	$	3,474		$	825		$	3,403		$	824

Amounts Recognized in Consolidated Statement of Financial Position

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,
	2019					2018
	U.S.		Non-U.S.			U.S.		Non-U.S.
Other long-term assets	$	135	$	26		$	40	$	32
Pension and other postretirement liabilities		—		(199	)		—		(195	)
Net amount recognized	$	135	$	(173	)	$	40	$	(163	)

Major Funded and Unfunded Defined Benefit Plans With Projected Benefit Obligation in Excess of Plan Assets

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

`	As of December 31,
	2019				2018
	U.S.		Non-U.S.		U.S.		Non-U.S.
Projected benefit obligation	$	—	$	568	$	—	$	578
Fair value of plan assets		—		368		—		382

Major Funded and Unfunded Defined Benefit Plans With Accumulated Benefit Obligation in Excess of Plan Assets

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,
	2019				2018
	U.S.		Non-U.S.		U.S.		Non-U.S.
Accumulated benefit obligation	$	—	$	559	$	—	$	568
Fair value of plan assets		—		368		—		382

Amounts Recognized in Accumulated Other Comprehensive Loss For All Major Funded and Unfunded Defined Benefit Plans

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,
	2019						2018
	U.S.			Non-U.S.			U.S.			Non-U.S.
Prior service credit	$	20		$	3		$	27		$	3
Net actuarial loss		(244	)		(151	)		(258	)		(126	)
Total	$	(224	)	$	(148	)	$	(231	)	$	(123	)

Changes in Major Plan Assets and Benefit Recognized in Other Comprehensive Income (Loss)

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

	Year Ended December 31,
	2019						2018
	U.S.			Non-U.S.			U.S.			Non-U.S.
Newly established gain (loss)	$	16		$	(30	)	$	6		$	(21	)
Amortization of:
Prior service credit		(7	)		—			(7	)		—
Net actuarial loss		—			5			5			5
Curtailment gain recognized in expense		(2	)		—			—			—
Total income (loss) recognized in Other comprehensive income	$	7		$	(25	)	$	4		$	(16	)

Pension Income From Continuing Operations For All Defined Benefit Plans

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

	Year Ended December 31,
	2019						2018
	U.S.			Non-U.S.			U.S.			Non-U.S.
Major defined benefit plans:
Service cost	$	10		$	3		$	13		$	3
Interest cost		122			13			109			12
Expected return on plan assets		(214	)		(22	)		(223	)		(26	)
Amortization of:
Prior service credit		(7	)		—			(7	)		—
Actuarial loss		—			5			5			5
Pension income before special termination benefits		(89	)		(1	)		(103	)		(6	)
Special termination benefits		3			—			5			—
Curtailment gains		(2	)		—			—			—
Net pension income for major defined benefit plans		(88	)		(1	)		(98	)		(6	)
Other plans including unfunded plans		—			(3	)		—			(4	)
Net pension income	$	(88	)	$	(4	)	$	(98	)	$	(10	)

Weighted-average Assumptions Used to Determine Benefit Obligation Amounts

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,
	2019						2018
	U.S.			Non-U.S.			U.S.			Non-U.S.
Discount rate		2.97	%		1.44	%		4.04	%		2.05	%
Salary increase rate		3.50	%		1.72	%		3.50	%		2.06	%

Weighted-average Assumptions Used to Determine Net Pension (Income) Expenses

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,
	2019						2018
	U.S.			Non-U.S.			U.S.			Non-U.S.
Effective rate for service cost		4.03	%		2.47	%		3.33	%		2.32	%
Effective rate for interest cost		3.75	%		1.89	%		2.96	%		1.70	%
Salary increase rate		3.50	%		2.06	%		3.50	%		2.17	%
Expected long-term rate of return on plan assets		6.50	%		3.46	%		6.40	%		3.98	%

Weighted-average Asset Allocation By Assets Category

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,
	2019			2018			2019 Target
Asset Category
Equity securities		10	%		11	%	7-13%
Debt securities		44	%		40	%	35-45%
Real estate		1	%		2	%	0-6%
Cash and cash equivalents		1	%		1	%	0-6%
Global balanced asset allocation funds		15	%		13	%	12-18%
Other		29	%		33	%	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,
	2019			2018			2019 Target
Asset Category
Equity securities		5	%		3	%	0-10%
Debt securities		31	%		33	%	30-40%
Real estate		2	%		1	%	0-6%
Cash and cash equivalents		2	%		2	%	0-6%
Global balanced asset allocation funds		5	%		4	%	0-10%
Other		55	%		57	%	55-65%
Total		100	%		100	%

Fair Value Measurement of Plan Assets

Major U.S. Plans

December 31, 2019

	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	$	—		$	—	$	—	$	38	$	38

Equity Securities		4			—		—		374		378

Debt Securities:
Government Bonds		—			—		—		1,110		1,110
Investment Grade Bonds		—			457		—		—		457

Real Estate		—			—		—		42		42

Global Balanced Asset Allocation Funds		—			—		—		544		544

Other:
Absolute Return		—			—		—		370		370
Private Equity		—			—		7		680		687
Derivatives with unrealized gains		2			—		—		—		2
Derivatives with unrealized losses		(18	)		—		—		—		(18	)
	$	(12	)	$	457	$	7	$	3,158	$	3,610

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 Non-U.S. Plans

December 31, 2019

	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	$	5	$	—	$	—	$	8	$	13

Equity Securities		—		—		—		33		33

Debt Securities:
Government Bonds		—		—		—		51		51
Inflation-Linked Bonds		—		—		—		4		4
Investment Grade Bonds		—		61		—		65		126
Global High Yield & Emerging Market Debt		—		—		—		26		26

Real Estate		—		—		—		11		11

Global Balanced Asset Allocation Funds		—		—		—		34		34

Other:
Absolute Return		—		—		—		7		7
Private Equity		—		—		—		38		38
Insurance Contracts		—		317		—		—		317
Derivatives with unrealized gains		1		—		—		—		1
Derivatives with unrealized losses		—		—		—		—		—
	$	6	$	378	$	—	$	277	$	661

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

Reconciliation of Beginning and Ending Balances of Assets Measured With Significant Unobservable Inputs

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, 2019		Relating to Assets Still Held		Relating to Assets Sold During the Period		Net Purchases, Sales and Settlements			Balance at December 31, 2019
Private Equity		6		2		—		(1	)		7
Total	$	6	$	2	$	—	$	(1	)	$	7

	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

Pension Benefit Payments Which Reflects Future Services Expected to Be Paid From the Plans

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

	U.S.		Non-U.S.
2020	$	308	$	48
2021		295		47
2022		283		46
2023		272		46
2024		261		45
2025 - 2029		1,134		205

Note 21 - Other Postretirement Benefits (Tables)

12 Months Ended

Dec. 31, 2019

Other Postretirement Benefits [Line Items]

Schedule of Changes in Projected Benefit Obligations

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, 2019						Year Ended December 31, 2018
(in millions)	U.S.			Non-U.S.			U.S.			Non-U.S.
Change in Benefit Obligation
Projected benefit obligation at beginning of period	$	3,405		$	834		$	3,866		$	885
Service cost		10			3			13			3
Interest cost		122			13			109			12
Benefit payments		(349	)		(48	)		(414	)		(50	)
Actuarial loss (gain)		284			36			(174	)		—
Special termination benefits		3			—			5			—
Currency adjustments		—			(4	)		—			(16	)
Projected benefit obligation at end of period	$	3,475		$	834		$	3,405		$	834

Change in Plan Assets
Fair value of plan assets at beginning of period	$	3,445		$	671		$	3,804		$	722
Gain on plan assets		514			28			55			5
Employer contributions		—			10			—			4
Benefit payments		(349	)		(48	)		(414	)		(50	)
Currency adjustments		—			—			—			(10	)
Fair value of plan assets at end of period	$	3,610		$	661		$	3,445		$	671

Over (under) funded status at end of period	$	135		$	(173	)	$	40		$	(163	)

Accumulated benefit obligation at end of period	$	3,474		$	825		$	3,403		$	824

Schedule of Amounts from Other Post-retirement Plan Recognized in Balance Sheet

	As of December 31,
	2019			2018
Other current liabilities	$	(3	)	$	(3	)
Pension and other postretirement liabilities		(60	)		(61	)
	$	(63	)	$	(64	)

Schedule of Amounts Recognized in Accumulated Other Comprehensive Income (Loss)

	As of December 31,
	2019			2018
Net actuarial gain	$	(5	)	$	(6	)

Schedule of Other Post-retirement Plan Recognized in Other Comprehensive (Income) Loss

	Year Ended December 31,
	2019		2018
Newly established loss (gain)	$	—	$	(6	)
Amortization of:
Net actuarial gain		1		—
Total gain recognized in Other comprehensive (loss) income	$	1	$	(6	)

Schedule of Other Post-retirement Plan, Net Benefit Costs

	Year Ended December 31,
	2019			2018
Components of net postretirement benefit cost:
Service cost	$	—		$	—
Interest cost		2			2
Amortization of:
Actuarial gain		(1	)		—
Other postretirement benefit cost from continuing operations	$	1		$	2

Schedule of Assumptions Used to Calculate Other Post-retirement Plan, Net Benefit Obligation

	Year Ended December 31,
	2019			2018
Discount rate		2.93	%		3.59	%
Salary increase rate		1.80	%		2.35	%

Schedule of Assumptions Used to Calculate Other Post-retirement Plan Net Benefit Costs

	Year Ended December 31,
	2019			2018
Effective rate for interest cost		3.26	%		2.88	%
Salary increase rate		2.35	%		2.35	%

Other Post-retirement Benefits, Schedule of Health Care Cost Trend Rates

	2019			2018
Healthcare cost trend		5.37	%		5.70	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)		3.14	%		3.38	%
Year that the rate reaches the ultimate trend rate		2038			2038

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates

	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

2020	$	4
2021		3
2022		3
2023		3
2024		3
2024-2028		16

Other Postretirement Benefits Plan [Member]

Other Postretirement Benefits [Line Items]

Schedule of Changes in Projected Benefit Obligations

	Year Ended December 31,
	2019			2018
Net benefit obligation at beginning of period	$	64		$	71
Interest cost		2			2
Plan participants’ contributions		1			1
Actuarial gain		—			(6	)
Benefit payments		(4	)		(4	)
Currency adjustments		—			—
Net benefit obligation at end of period	$	63		$	64

Underfunded status at end of period	$	(63	)	$	(64	)

Note 22 - Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Summary of Reconciliation of Basic and Diluted Earnings Per Share

A reconciliation of the amounts used to calculate basic and diluted earnings per share for the years ended December 31, 2019 and 2018 follows (in millions):

	Year Ended December 31,
	2019			2018
Loss from continuing operations attributable to Eastman Kodak Company	$	(91	)	$	(9	)
Less: Series A Preferred Stock cash and accrued dividends		(11	)		(11	)
Less: Series A Preferred Stock deemed dividends		(9	)		(9	)
Loss from continuing operations available to common shareholders - basic and diluted	$	(111	)	$	(29	)

Net income (loss) attributable to Eastman Kodak Company	$	116		$	(16	)
Less: Series A Preferred Stock cash and accrued dividends		(11	)		(11	)
Less: Series A Preferred Stock deemed dividends		(9	)		(9	)
Net income (loss) available to common shareholders - basic and diluted	$	96		$	(36	)

Note 23 - Stock-based Compensation (Tables)

12 Months Ended

Dec. 31, 2019

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Restricted Stock Unit Activity

	Number of Restricted Stock Units		Weighted-Average Grant Date Fair Values
Outstanding on December 31, 2018		703,748	$	4.72
Granted		521,698	$	2.93
Vested		475,295	$	4.92
Forfeited		28,350	$	5.88
Outstanding on December 31, 2019		721,801	$	3.25

Stock Option Activity

	Shares Under Option		Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value ($ millions)
Outstanding on December 31, 2018		5,195,937	$	13.85
Granted		2,220,959	$	4.60
Forfeited		573,817	$	12.50
Outstanding on December 31, 2019		6,843,079	$	10.96	4.07	$	2
Exercisable on December 31, 2019		6,050,372	$	11.18	3.95	$	2
Expected to vest December 31, 2019		792,707	$	9.27	5.86	$	—

Share-based Payment Award, Stock Options, Valuation Assumptions

	Year Ended December 31,
	2019		2018
Weighted-average fair value of options granted	$	1.73	$	2.45
Weighted-average risk-free interest rate	2.47%		2.70%
Range of risk-free interest rates	2.28% - 2.54%		2.59% - 2.95%
Weighted-average expected option lives	4.5 years		4.5 years
Expected option lives	4.5 years		4.4 - 4.5 years
Weighted-average volatility	90%		81%
Range of expected volatilities	81% - 90%		80% - 83%
Weighted-average expected dividend yield	0.00%		0.00%

Note 25 - Other Comprehensive Loss (Tables)

12 Months Ended

Dec. 31, 2019

Other Comprehensive Income Loss Net Of Tax Period Increase Decrease [Abstract]

Changes in Other Comprehensive Loss, by Component

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

		Year Ended December 31,
(in millions)		2019			2018
Currency translation adjustments
Currency translation adjustments		$	3		$	(11	)
Amount transferred to net income due to the sale of an investment in a foreign entity			3			—
Currency translation adjustments and other			6			(11	)

Pension and other postretirement benefit plan changes
Newly established net actuarial loss			(14	)		(5	)
Tax benefit			9			1
Newly established net actuarial loss, net of tax			(5	)		(4	)
Reclassification adjustments:
Amortization of prior service credit	^(a)		(8	)		(8	)
Amortization of actuarial losses	^(a)		4			4
Recognition of gains due to settlements and curtailments	^(a)		(2	)		(1	)
Total reclassification adjustments			(6	)		(5	)
Tax provision			(1	)		—
Reclassification adjustments, net of tax			(7	)		(5	)
Pension and other postretirement benefit plan changes, net of tax			(12	)		(9	)
Other comprehensive loss		$	(6	)	$	(20	)

^(a)	Reclassified to Pension income - refer to Note 20, "Retirement Plans" and Note 21, "Other Postretirement Benefits" for additional information.

Note 26 - Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Dec. 31, 2019

Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]

Components of Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss is composed of the following:

	As of December 31,
(in millions)	2019			2018
Currency translation adjustments	$	(90	)	$	(96	)
Pension and other postretirement benefit plan changes		(327	)		(315	)
Ending balance	$	(417	)	$	(411	)

Note 27 - Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

	Year Ended December 31,
	2019		2018
(in millions)
Print Systems	$	836	$	896
Enterprise Inkjet Systems		128		136
Kodak Software		56		65
Brand, Film and Imaging		209		210
Advanced Materials and 3D Printing Technology		3		4
Eastman Business Park		10		9
Consolidated total	$	1,242	$	1,320

	Year Ended December 31,
(in millions)	2019			2018
Print Systems	$	41		$	28
Enterprise Inkjet Systems		(5	)		4
Kodak Software		2			7
Brand, Film and Imaging		(13	)		(22	)
Advanced Materials and 3D Printing Technology		(12	)		(12	)
Eastman Business Park		(1	)		(4	)
Total of reportable segments		12			1
Depreciation and amortization		(55	)		(70	)
Restructuring costs and other		(16	)		(17	)
Stock-based compensation		(7	)		(6	)
Consulting and other costs ⁽¹⁾		(7	)		(14	)
Idle costs ⁽²⁾		(5	)		(3	)
Former CEO separation agreement compensation		(2	)		—
Other operating expense, net, excluding income from transition services agreement ⁽³⁾		(22	)		(9	)
Interest expense ⁽⁴⁾		(16	)		(9	)
Pension income excluding service cost component ⁽⁴⁾		104			131
Other charges, net ⁽⁴⁾		(46	)		(17	)
Consolidated loss from continuing operations before income taxes	$	(60	)	$	(13	)

⁽¹⁾	Consulting and other costs are professional services and internal costs associated with certain corporate strategic initiatives, including the divestiture of FPD 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 and the costs, net of any rental income received, of underutilized portions of certain properties.

⁽³⁾

⁽⁴⁾	As reported in the Consolidated Statement of Operations.

(in millions)	Year Ended December 31,
Intangible asset amortization expense from continuing operations:	2019		2018
Print Systems	$	2	$	6
Enterprise Inkjet Systems		4		4
Brand, Film and Imaging		1		1
Consolidated total	$	7	$	11

(in millions)	Year Ended December 31,
Depreciation expense from continuing operations:	2019		2018
Print Systems	$	31	$	38
Enterprise Inkjet Systems		5		8
Kodak Software		2		2
Brand, Film and Imaging		4		4
Advanced Materials and 3D Printing		2		2
Eastman Business Park		4		5
Consolidated total	$	48	$	59

Long-lived Assets by Geographic Areas

(in millions)	Year Ended December 31,
Long-lived assets ⁽¹⁾ located in:	2019		2018
The United States	$	85	$	104
Europe, Middle East and Africa		28		35
Asia Pacific		8		10
Canada and Latin America		60		67
Non-U.S. countries total ⁽²⁾		96		112
Consolidated total	$	181	$	216

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

⁽²⁾	Of the total non-U.S. property, plant and equipment in 2019, $56 million are located in Brazil. Of the total non-U.S. property, plant and equipment in 2018, $60 million was located in Brazil.

Note 29 - Discontinued Operations (Tables) - Flexographic Packaging Segment [Member]

12 Months Ended

Dec. 31, 2019

Discontinued Operations for Business

The results of operations of the Business are presented below:

	Year Ended December 31,
(in millions)	2019			2018
Revenues	$	44		$	148

Cost of sales		28			90
Selling, general and administrative expenses		10			21
Research and development expenses		2			8
Interest expense		7			27
Gain on divestiture		(214	)		—
Earnings from continuing operations before income taxes		211			2
Provision for income taxes		4			9
Earnings (loss) from discontinued operations	$	207		$	(7	)

Discontinued Operations for Selected Cash Flow Statement Information

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

	Year Ended December 31,
(in millions)	2019		2018
Depreciation	$	—	$	2
Amortization		—		1
Capital expenditures		—		7

Note 30 - Assets Held for Sale (Tables)

12 Months Ended

Dec. 31, 2019

Kodak China Graphic Communication Co Ltd [Member]

Discontinued Operations Carrying Amount of Major Assets and Liabilities

The following table presents the aggregate carrying amount of major assets and liabilities of Kodak (China) Graphic Communication Co. Ltd:

	As of December 31,
(in millions)	2019		2018
ASSETS
Cash and cash equivalents	$	—	$	13
Inventories, net		—		5
Property, plant and equipment, net		—		30
Intangible assets		—		2
Other assets		—		4
Assets of business held for sale	$	—	$	54

LIABILITIES
Accounts payable, trade	$	—	$	19
Other current liabilities		—		4
Liabilities of business held for sale	$	—	$	23

Flexographic Packaging Segment [Member]

Discontinued Operations Carrying Amount of Major Assets and Liabilities

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

(in millions)	2019		2018
ASSETS
Cash and cash equivalents	$	—	$	2
Trade receivables, net		—		28
Inventories, net		—		33
Property, plant and equipment, net		—		28
Goodwill		—		20
Intangible assets		—		1
Other assets		—		1
Assets of business held for sale	$	—	$	113

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

Note 1 - Basis of Presentation and Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Millions			12 Months Ended
	Jan. 01, 2019	Nov. 15, 2016	Dec. 31, 2019	Dec. 31, 2018
Basis Of Presentation And Recent Accounting Pronouncements [Line Items]
Cash And Cash Equivalents			$ 233	$ 233
Outstanding inter-company loans			408	390
Short-Term Intercompany Loans			110	92
Net increase (decrease) in cash and cash equivalents, restricted cash and cash in assets held for sale			23	(102)
Net cash provided by operating activities			12	(62)
Estimated recoveries			$ 21	20
Operating or finance lease classification criteria description			The primary criteria used to classify transactions as operating or finance leases are: (1) whether the ownership transfers at the end of the lease, (2) whether the lease term is equal to or greater than 75% of the economic life of the asset, and (3) whether the present value of the minimum lease payments is equal to or greater than 90% of the fair value of the asset at inception of the lease.
Advertising Expense			$ 5	4
ASU 2016-02 [Member]
Basis Of Presentation And Recent Accounting Pronouncements [Line Items]
Cumulative effect adjustment recorded to retained earnings	$ 5
Minimum [Member]
Basis Of Presentation And Recent Accounting Pronouncements [Line Items]
Service agreements prepayment period			3 months
Revenue recognition payment terms			30 days
Interest for payment terms			1 year
Minimum [Member] \| Equipment Subject to Operating Leases [Member]
Basis Of Presentation And Recent Accounting Pronouncements [Line Items]
Property, Plant and Equipment, Useful Life			3 years
Maximum [Member]
Basis Of Presentation And Recent Accounting Pronouncements [Line Items]
Service agreements prepayment period			6 years
Revenue recognition payment terms			60 days
Maximum [Member] \| Equipment Subject to Operating Leases [Member]
Basis Of Presentation And Recent Accounting Pronouncements [Line Items]
Property, Plant and Equipment, Useful Life			7 years
Other Long-Term Assets [Member]
Basis Of Presentation And Recent Accounting Pronouncements [Line Items]
Estimated recoveries			$ 18	17
Other Current Assets [Member]
Basis Of Presentation And Recent Accounting Pronouncements [Line Items]
Estimated recoveries			$ 3	3
Series A Preferred Stock [Member]
Basis Of Presentation And Recent Accounting Pronouncements [Line Items]
Preferred stock, redemption date		Nov. 15, 2021	Nov. 15, 2021
Lucky HuaGuang Graphics Co Ltd [Member]
Basis Of Presentation And Recent Accounting Pronouncements [Line Items]
Proceeds from sale of intellectual property			$ 13
Flexographic Packaging Segment [Member]
Basis Of Presentation And Recent Accounting Pronouncements [Line Items]
Disposal group including discontinued operation consideration allocated an intellectual property licensing agreement			10
Prepayment for services and products			15
Remaining prepayment balance			3
United States [Member]
Basis Of Presentation And Recent Accounting Pronouncements [Line Items]
Cash And Cash Equivalents			72	117
Outside US [Member]
Basis Of Presentation And Recent Accounting Pronouncements [Line Items]
Cash And Cash Equivalents			161	116
China [Member]
Basis Of Presentation And Recent Accounting Pronouncements [Line Items]
Cash And Cash Equivalents			$ 89	$ 59

Note 1 - Property, Plant and Equipment Estimated Useful Lives (Details)	12 Months Ended
	Dec. 31, 2019
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 - Basis of Presentation and Summary of Significant Accounting Policies (Details Textual 1) $ in Millions	Dec. 31, 2019 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2020-01-01
Summary Of Significant Accounting Policies [Line Items]
Unrecognized revenue from unsatisfied performance obligations	$ 75
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: 2021-01-01
Summary Of Significant Accounting Policies [Line Items]
Unsatisfied performance obligations, expected to be recognized	25.00%
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	15.00%
Unsatisfied performance obligations, expected timing of satisfaction	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-01-01
Summary Of Significant Accounting Policies [Line Items]
Unsatisfied performance obligations, expected to be recognized	25.00%
Unsatisfied performance obligations, expected timing of satisfaction

Note 1 - Summary of Impact of Adoption on Consolidated Statement of Financial Position (Details) - USD ($) $ in Millions	Dec. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
Basis Of Presentation And Recent Accounting Pronouncements [Line Items]
Operating lease right-of-use assets	$ 49
Operating lease liabilities	60
Deferred rent payable			$ 10
Deferred gain on previous sale leaseback transaction			6
Net fixed assets from previous sale leaseback transaction			1
Accumulated deficit	$ 79		$ 200
ASU 2016-02 [Member]
Basis Of Presentation And Recent Accounting Pronouncements [Line Items]
Operating lease right-of-use assets		$ 51
Operating lease liabilities		61
Accumulated deficit		195
ASU 2016-02 [Member] \| Adjustments Due to ASU 2016-02 [Member]
Basis Of Presentation And Recent Accounting Pronouncements [Line Items]
Operating lease right-of-use assets		51
Operating lease liabilities		61
Deferred rent payable		(10)
Deferred gain on previous sale leaseback transaction		(6)
Net fixed assets from previous sale leaseback transaction		(1)
Accumulated deficit		$ (5)

Note 1 - Summary of Impact of Adoption on Consolidated Statement of Financial Position (Parenthetical) (Details) - USD ($) $ in Millions	Dec. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
Basis Of Presentation And Recent Accounting Pronouncements [Line Items]
Other current liabilities	$ 201		$ 209
Other long-term liabilities	$ 6		$ 16
ASU 2016-02 [Member]
Basis Of Presentation And Recent Accounting Pronouncements [Line Items]
Other current liabilities		$ 2
Other long-term liabilities		$ 14

Note 2 - Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($)
$ in Millions

Dec. 31, 2019

Dec. 31, 2018

Dec. 31, 2017

Cash And Cash Equivalents [Abstract]

Cash and cash equivalents

$ 233

Restricted cash - current portion

Restricted cash - long-term

Cash included in assets held for sale

Total cash, cash equivalents, restricted cash and cash in assets held for sale shown in the Statement of Cash Flows

^[1]

$ 290

$ 267

$ 369

[1]	Refer to Note 2, “Cash, Cash Equivalents and Restricted Cash” for a breakdown of cash, cash equivalents, restricted cash and cash in assets held for sale.

Note 2 - Cash, Cash Equivalents and Restricted Cash (Details Textual) - USD ($)		12 Months Ended
	Apr. 16, 2019	Dec. 31, 2019	Dec. 31, 2018
Amended Credit Agreement [Member]
Restricted Cash And Cash Equivalents Items [Line Items]
Long-term restricted cash		$ 22,000,000	$ 3,000,000
Flexographic Packaging Segment [Member]
Restricted Cash And Cash Equivalents Items [Line Items]
Prepayment for services and products		15,000,000
Remaining prepayment balance		3,000,000
MIR Bidco, SA [Member] \| Flexographic Packaging Segment [Member]
Restricted Cash And Cash Equivalents Items [Line Items]
Remaining prepayment balance		3,000,000
Cash collateral for guaranty		4,000,000
United States [Member] \| MIR Bidco, SA [Member] \| Flexographic Packaging Segment [Member]
Restricted Cash And Cash Equivalents Items [Line Items]
Prepayment for services and products	$ 15,000,000
China [Member] \| Lucky HuaGuang Graphics Co Ltd [Member]
Restricted Cash And Cash Equivalents Items [Line Items]
Escrow deposit		14,000,000
China [Member] \| MIR Bidco, SA [Member] \| Flexographic Packaging Segment [Member]
Restricted Cash And Cash Equivalents Items [Line Items]
Guaranty supported by cash collateral	$ 15,000,000
Brazil [Member]
Restricted Cash And Cash Equivalents Items [Line Items]
Long-term restricted cash		$ 5,000,000	$ 5,000,000

Note 3 - Inventories (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Finished goods	$ 105	$ 119
Work in process	54	54
Raw materials	56	58
Total	$ 215	$ 231

Note 4 - Property, Plant and Equipment, Net (Details) - USD ($)
$ in Millions

Dec. 31, 2019

Dec. 31, 2018

Property Plant And Equipment [Abstract]

Land

$ 67

$ 70

Buildings and building improvements

144

145

Machinery and equipment

382

386

Construction in progress

Property, plant and equipment, gross

604

611

Accumulated depreciation

(423)

(395)

Property, plant and equipment, net

^[1]

$ 181

$ 216

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

Note 4 - Property, Plant and Equipment, Net (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Property Plant And Equipment [Abstract]
Depreciation	$ 48	$ 59

Note 5 - Carrying Value of Goodwill by Reportable Segments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Goodwill [Line Items]
Goodwill		$ 76,000,000
Accumulated impairment losses		(64,000,000)
Balance	$ 12,000,000	12,000,000
Impairment	0	0
Balance	12,000,000	12,000,000
Goodwill	76,000,000
Accumulated impairment losses	(64,000,000)
Print Systems [Member]
Goodwill [Line Items]
Goodwill		56,000,000
Accumulated impairment losses		(56,000,000)
Impairment		0
Goodwill	56,000,000
Accumulated impairment losses	(56,000,000)
Kodak Software [Member]
Goodwill [Line Items]
Goodwill		6,000,000
Balance	6,000,000	6,000,000
Impairment		0
Balance	6,000,000	6,000,000
Goodwill	6,000,000
Brand, Film and Imaging [Member]
Goodwill [Line Items]
Goodwill		6,000,000
Balance	6,000,000	6,000,000
Impairment		0
Balance	6,000,000	6,000,000
Goodwill	6,000,000
Advanced Materials and 3D Printing Technology [Member]
Goodwill [Line Items]
Goodwill		8,000,000
Accumulated impairment losses		(8,000,000)
Impairment		$ 0
Goodwill	8,000,000
Accumulated impairment losses	$ (8,000,000)

Note 5 - Goodwill and Other Intangible Assets (Details Textual)	3 Months Ended		12 Months Ended
	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Dec. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)
Goodwill And Other Intangible Assets [Line Items]
Goodwill, Impairment Loss			$ 0	$ 0
Amortization of Intangible Assets			$ 7,000,000	11,000,000
Other Operating Expense [Member] \| Trade Names [Member]
Goodwill And Other Intangible Assets [Line Items]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	$ 4,000,000	$ 13,000,000
Print Systems [Member]
Goodwill And Other Intangible Assets [Line Items]
Number of Reporting Units			2
Goodwill, Impairment Loss				0
Brand, Film and Imaging [Member]
Goodwill And Other Intangible Assets [Line Items]
Number of Reporting Units			3
Goodwill, Impairment Loss				0
Enterprise Inkjet Systems [Member]
Goodwill And Other Intangible Assets [Line Items]
Number of Reporting Units			1
Kodak Software [Member]
Goodwill And Other Intangible Assets [Line Items]
Number of Reporting Units			1
Goodwill, Impairment Loss				0
Advanced Materials and 3D Printing Technology [Member]
Goodwill And Other Intangible Assets [Line Items]
Number of Reporting Units			1
Goodwill, Impairment Loss				$ 0
Eastman Business Park [Member]
Goodwill And Other Intangible Assets [Line Items]
Number of Reporting Units			1

Note 5 - Gross Carrying Amount and Accumulated Amortization by Major Intangible Asset Category (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Accumulated Amortization	$ 84	$ 77
Intangible Assets Net	26
Intangible assets gross	131	135
Intangible assets net	47	58
Trade Names [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Gross Carrying Amount	21	25
Technology-Based Intangible Assets [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Gross Carrying Amount	99	99
Accumulated Amortization	76	70
Intangible Assets Net	$ 23	$ 29
Weighted-Average Amortization Period	5 years	6 years
Customer-Related Intangible Assets [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 11	$ 11
Accumulated Amortization	8	7
Intangible Assets Net	$ 3	$ 4
Weighted-Average Amortization Period	4 years	5 years

Note 5 - Estimated Future Amortization Expense Related to Intangible Assets (Details) $ in Millions	Dec. 31, 2019 USD ($)
Intangible Assets Gross Excluding Goodwill [Abstract]
2020	$ 6
2021	5
2022	5
2023	4
2024	4
2025 and thereafter	2
Intangible Assets Net	$ 26

Note 6 - Schedule of Other Long-Term Assets (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Other Assets Noncurrent Disclosure [Abstract]
Pension assets	$ 173	$ 82
Estimated workers' compensation recoveries	18	17
Long-term receivables, net of allowance of $4 million and $4 million	11	13
Other	26	31
Total	$ 228	$ 143

Note 6 - Schedule of Other Long-Term Assets (Details) (Parentheticals) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Other Assets Noncurrent Disclosure [Abstract]
Reserve for long-term receivables	$ 4	$ 4

Note 7 - Other Current Liabilities (Details) - USD ($)
$ in Millions

Dec. 31, 2019

Dec. 31, 2018

Other Current Liabilities [Abstract]

Employment-related liabilities

$ 38

$ 41

Deferred revenue and customer deposits

Customer rebates

Deferred consideration on disposed businesses

^[1]

Series A Preferred Stock dividends payable

Restructuring liabilities

Workers' compensation

Transition services agreement prepayment

Other

Total

$ 201

$ 209

[1]

Note 7 - Other Current Liabilities (Details) (Parentheticals) - USD ($) $ in Millions	Dec. 31, 2018	Sep. 03, 2013
Other Current Liabilities [Abstract]
Disposal group including discontinued operation consideration		$ 325
Discontinued operation contingent consideration		$ 35
Maximum potential payment related to deferred consideration on disposed businesses	$ 14

Note 7 - Other Current Liabilities (Details Textual)	Dec. 31, 2019
Maximum [Member]
Other Current Liabilities [Line Items]
Percentage of total current liabilities	5.00%

Note 8 - Summary of Other Long-term Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Summary Of Other Long Term Liabilities [Abstract]
Workers' compensation	$ 84	$ 83
Embedded conversion option derivative liabilities	52
Asset retirement obligations	48	48
Deferred brand licensing revenue	18	6
Deferred taxes	13	15
Environmental liabilities	10	10
Other	6	16
Total	$ 231	$ 178

Note 8 - Other Long-term Liabilities (Details Textual)	Dec. 31, 2019
Maximum [Member]
Other Long-term Liabilities [Line Items]
Percentage of other long-tern Liabilities	5.00%

Note 9 - Debt and Finance Leases and Related Maturities and Interest Rates (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Carrying Value	$ 111	$ 401
Current Portion, Long-term Debt [Member]
Debt Instrument [Line Items]
Carrying Value	2	396
Long-term Debt [Member]
Debt Instrument [Line Items]
Carrying Value	$ 109	5
Term Note [Member] \| Current Portion, Long-term Debt [Member]
Debt Instrument [Line Items]
Weighted-Average Effective Interest Rate	9.43%
Carrying Value		394
RED-Rochester, LLC [Member] \| Current Portion, Long-term Debt [Member]
Debt Instrument [Line Items]
Maturity	2033
Weighted-Average Effective Interest Rate	11.42%
Carrying Value	$ 1
RED-Rochester, LLC [Member] \| Long-term Debt [Member]
Debt Instrument [Line Items]
Maturity	2033
Weighted-Average Effective Interest Rate	11.42%
Carrying Value	$ 13
Finance leases [Member] \| Current Portion, Long-term Debt [Member]
Debt Instrument [Line Items]
Carrying Value	1	2
Finance leases [Member] \| Long-term Debt [Member]
Debt Instrument [Line Items]
Carrying Value	$ 4	3
Convertible Debt [Member] \| Long-term Debt [Member]
Debt Instrument [Line Items]
Maturity	2021
Weighted-Average Effective Interest Rate	11.72%
Carrying Value	$ 91
Other Debt [Member] \| Long-term Debt [Member]
Debt Instrument [Line Items]
Carrying Value	$ 1	$ 2

Note 9 - Annual Maturities of Long-Term Debt and Finance Leases (Details) $ in Millions	Dec. 31, 2019 USD ($)
Annual Maturities Of Long Term Debt [Abstract]
2020	$ 2
2021	92
2022	2
2023	1
2024	1
2025 and thereafter	13
Total	111
2020	2
2021	114
2022	2
2023	1
2024	1
2025 and thereafter	13
Total	$ 133

Note 9 - Debt and Finance Leases (Details Textual)

1 Months Ended

12 Months Ended

May 24, 2019

USD ($)

May 20, 2019

USD ($)

$ / shares

Apr. 12, 2019

USD ($)

Apr. 09, 2019

Nov. 15, 2016

USD ($)

Nov. 14, 2016

Sep. 03, 2013

USD ($)

Jan. 31, 2019

USD ($)

Mar. 31, 2018

Subsidiary

Dec. 31, 2019

USD ($)

$ / shares

Dec. 31, 2018

USD ($)

$ / shares

Jan. 27, 2020

USD ($)

Jan. 26, 2020

USD ($)

Debt And Capital Leases [Line Items]

Common stock, par value | $ / shares

$ 0.01

Fair value of derivative liability

$ 52,000,000

Stock outstanding percentage

11.47%

Percentage of Stock of Material Domestic Subsidiaries Securing Credit Agreement

100.00%

Percentage of Stock of Material First Tier Foreign Subsidiaries Securing Credit Agreement

65.00%

Term Collateral, Carrying Value

$ 1,302,000,000

$ 1,310,000,000

ABL Collateral, Carrying Value

1,302,000,000

1,310,000,000

Number of subsidiaries designated as unrestricted subsidiaries | Subsidiary

Note 10 - Redeemable, Convertible Series A Preferred Stock (Details Textual)			3 Months Ended				12 Months Ended
	Nov. 15, 2016 USD ($) $ / shares shares	Nov. 14, 2016 Member Director $ / shares	Jun. 30, 2019 USD ($)	Mar. 31, 2019 USD ($)	Dec. 31, 2018 USD ($)	Sep. 30, 2018 USD ($)	Dec. 31, 2019 USD ($) Director
Temporary Equity [Line Items]
Expected number of members to nominate on conversion basis \| Member		2
Series A Redeemable Preferred Stock [Member]
Temporary Equity [Line Items]
Net proceeds from the issuance of preferred stock	$ 198,000,000
Series A Redeemable Preferred Stock [Member] \| Purchase Agreement [Member]
Temporary Equity [Line Items]
Preferred stock, number of shares issued \| shares	2,000,000
Percentage of cash dividend payable on preferred stock	5.50%
Gross proceeds from issuance of shares	$ 200,000,000
Preferred stock, liquidation preference per share \| $ / shares	$ 100
Purchase agreement date	Nov. 07, 2016
Series A Preferred Stock [Member]
Temporary Equity [Line Items]
Percentage of cash dividend payable on preferred stock		5.50%
Preferred stock, liquidation preference \| $ / shares		$ 100
Number of additional directors to elect if dividends in arrears \| Director		2
Number of directors nominated by purchasers \| Director							2
Common stock price equal or exceeds preferred stock conversion price percentage							125.00%
Preferred stock conversion description							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.
Net proceeds received to derivative liability	$ 43,000,000
Fair value of derivative liability	43,000,000
Carrying value of Series A preferred stock at issuance	155,000,000
Gross proceeds from preferred stock	200,000,000
Transaction costs	$ 2,000,000
Preferred stock, redemption date	Nov. 15, 2021						Nov. 15, 2021
Preferred stock, redemption price per share \| $ / shares	$ 100
Series A Preferred Stock [Member] \| Other Long-Term Liabilities [Member]
Temporary Equity [Line Items]
Fair value of derivative liability							$ 1,000,000
Series A Preferred Stock [Member] \| Other Long-Term Assets [Member]
Temporary Equity [Line Items]
Fair value of derivative asset					$ 4,000,000
Series A Preferred Stock [Member] \| Purchase Agreement [Member]
Temporary Equity [Line Items]
Initial conversion rate of preferred stock to common stock \| shares	5.7471
Initial conversion price of preferred stock per share of common stock \| $ / shares	$ 17.40
Series A Preferred Stock [Member] \| Registration Rights Agreement [Member]
Temporary Equity [Line Items]
Purchase agreement date	Nov. 15, 2016
Series A Preferred Stock [Member] \| Registration Rights Agreement [Member] \| Minimum [Member]
Temporary Equity [Line Items]
Aggregate market value of preferred stock	$ 75,000,000
Dividend Declared [Member]
Temporary Equity [Line Items]
Dividends			$ 0	$ 0	$ 0	$ 0

Note 11 - Schedule of Supplemental Cash Flow Information Related to Leases (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019 USD ($)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$ 25
Financing cash flow for finance leases	2
Cash paid for amounts included in measurement of lease liabilities	$ 27

Note 11 - Summary of Undiscounted Cash Flows for Next Five Years and Thereafter to Finance Lease Liabilities and Operating Lease Liabilities Recorded on Balance Sheet (Details) $ in Millions	Dec. 31, 2019 USD ($)
Leases [Abstract]
Operating Leases, 2020	$ 21
Operating Leases, 2021	15
Operating Leases, 2022	17
Operating Leases, 2023	9
Operating Leases, 2024	8
Operating Leases, Thereafter	28
Operating Leases, Total minimum lease payments	98
Operating Leases, Less: amount of lease payments representing interest	(38)
Operating Leases, Present value of future minimum lease payments	60
Operating Leases, Less: current obligations under leases	12
Operating Leases, Long-term lease obligations	48
Finance Leases, 2020	1
Finance Leases, 2021	1
Finance Leases, 2022	1
Finance Leases, Thereafter	117
Finance Leases, Total minimum lease payments	120
Finance Leases, Less: amount of lease payments representing interest	(115)
Finance Leases, Present value of future minimum lease payments	5
Finance Leases, Less: current obligations under leases	1
Finance Leases, Long-term lease obligations	$ 4

Note 11 - Leases (Details Textual) - USD ($) $ in Millions	12 Months Ended
Note 11 - Leases (Details Textual) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Lessee Lease Description [Line Items]
Operating Lease Expense		$ 21
Operating Lease Expense, Sublease Income		$ 7
Net investment in sales-type leases	$ 4
Income recognized for sales-type lease arrangements	$ 0
Minimum [Member]
Lessee Lease Description [Line Items]
Net investment in sales-type leases period	1 year

Note 11 - Summary of Future Minimum Contractual Lease Payments For Operating Lease (Details) $ in Millions	Dec. 31, 2018 USD ($)
Leases [Abstract]
2019	$ 20
2020	21
2021	13
2022	3
2023	3
Thereafter	7
Future minimum operating lease payments	$ 67

Note 11 - Summary of Undiscounted Cash Flows to Be Received for Net Investment in Sales-type Leases (Details) $ in Millions	Dec. 31, 2019 USD ($)
Capital Leases Future Minimum Payments Receivable [Abstract]
2020	$ 2
2021	1
2022	1
Total minimum lease payments	4
Net investment in sales-type leases	$ 4

Note 11 - Summary of Undiscounted Cash Flows to Be Received for Operating Leases and Subleases (Details) $ in Millions	Dec. 31, 2019 USD ($)
Lessor Operating Lease Payments Fiscal Year Maturity [Abstract]
2020	$ 10
2021	8
2022	6
2023	5
2024	4
Thereafter	14
Total minimum lease payments	$ 47

Note 11 - Summary of Income Recognized on Operating Lease Arrangements (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019 USD ($)
Lease income - operating leases:
Lease income	$ 9
Sublease income	6
Variable lease income	6
Total lease income	$ 21

Note 11 - Equipment Subject to Operating Leases and Related Accumulated Depreciation (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Equipment Subject To Operating Leases [Abstract]
Equipment subject to operating leases	$ 29	$ 34
Accumulated depreciation	(20)	(19)
Equipment subject to operating leases, net	$ 9	$ 15

Note 12 - Commitments and Contingencies (Details) - Asset Retirement Obligation Activity - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Asset Retirement Obligation Activity [Abstract]
Asset Retirement Obligations at start of period	$ 48	$ 43
Liabilities incurred in the current period	3	3
Liabilities settled in the current period	(6)	(3)
Accretion expense	2	2
Revision in estimated cash flows	1	3
Asset Retirement Obligations at end of period	$ 48	$ 48

Note 12 - Commitments and Contingencies (Details Textual) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
BRAZIL
Commitments And Contingencies [Line Items]
Restricted Cash	$ 5	$ 5
Federal and State Value added Taxes Litigations and Civil Litigation and Disputes with Former Employees [Member] \| BRAZIL
Commitments And Contingencies [Line Items]
Loss Contingency, Estimate of Possible Loss	8
Threat of Expropriation of Assets [Member] \| BRAZIL
Commitments And Contingencies [Line Items]
Restricted Cash	5
Assets, Noncurrent	56
ABL Credit Agreement [Member]
Commitments And Contingencies [Line Items]
Long-term line of credit	80	$ 85
Bank Guarantees and Letters of Credit [Member]
Commitments And Contingencies [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	7
Surety Bond [Member]
Commitments And Contingencies [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	38
Restricted Cash [Member]
Commitments And Contingencies [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 57

Note 13 - Guarantees (Details Textual) - USD ($)	12 Months Ended
Note 13 - Guarantees (Details Textual) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Guarantee Obligations [Line Items]
Product Warranty Expense	$ 105,000,000	$ 113,000,000
Warranty Arrangements Period [Member]
Guarantee Obligations [Line Items]
Extended Warranty Period	1 year
Amended Eastman Business Park Settlement Agreement [Member]
Guarantee Obligations [Line Items]
Accrual for Environmental Loss Contingencies	$ 0
Maximum [Member]
Guarantee Obligations [Line Items]
Environmental Settlement Historical Liabilities Trigger Amount	$ 99,000,000
Percentage of Liability Above 99 Million	50.00%
Extended Warranty Period	6 years
Minimum [Member]
Guarantee Obligations [Line Items]
Extended Warranty Period	3 months

Note 13 - Guarantees (Details) - USD ($) $ in Millions	12 Months Ended
Note 13 - Guarantees (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Guarantee Obligations [Line Items]
Deferred revenue on extended warranties	$ 48
Recognition of extended warranty and maintenance arrangement revenue	(34)	$ (34)
Deferred revenue on extended warranties	61	48
Extended Warranty Arrangements [Member]
Guarantee Obligations [Line Items]
Deferred revenue on extended warranties	22	22
New extended warranty and maintenance arrangements	98	105
Recognition of extended warranty and maintenance arrangement revenue	(99)	(105)
Deferred revenue on extended warranties	$ 21	$ 22

Note 14 - Financial Instruments (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Inputs, Level 2 [Member]
Long-term Debt, Fair Value	$ 111	$ 5
Fair value of current portion of long-term debt		378
Forward Contracts [Member]
Gross fair value of foreign currency in an asset position	1	3
Gross fair value of foreign currency in a liability position	0	1
Not Designated as Hedging Instrument [Member] \| Foreign Exchange Forward [Member]
Derivative Asset, Notional Amount	332	415
Designated as Hedging Instrument [Member]
Derivatives Hedging Instruments	$ 0	$ 0

Note 14 - Derivatives Not Designated as Hedging Instruments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Financial Instruments Owned At Fair Value [Abstract]
Net loss from derivatives not designated as hedging instruments	$ 4	$ 10

Note 14 - Derivative Liability (Asset) Key Inputs in Determination of Fair Value for Embedded Conversion Features and Termination Option (Details) - Fair Value, Inputs, Level 3 [Member] $ / shares in Units, $ in Millions	Dec. 31, 2019 USD ($) $ / shares	May 24, 2019 USD ($) $ / shares	Dec. 31, 2018 USD ($) $ / shares
Convertible Notes [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total value of embedded derivative liability (in millions)	$ 51	$ 14
Kodak's closing stock price \| $ / shares	$ 4.65	$ 2.31
Series A Preferred Stock [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total value of embedded derivative liability (in millions)	$ 1
Total value of embedded derivative (asset) (in millions)			$ (4)
Kodak's closing stock price \| $ / shares	$ 4.65		$ 2.55
Expected stock price volatility [Member] \| Convertible Notes [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Alternate measurement input percentage	104.61	92.48
Expected stock price volatility [Member] \| Series A Preferred Stock [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Alternate measurement input percentage	104.61		95.55
Risk Free Rate [Member] \| Convertible Notes [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Alternate measurement input percentage	1.58	2.13
Risk Free Rate [Member] \| Series A Preferred Stock [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Alternate measurement input percentage	1.58		2.46
Measurement Input, Expected Dividend Rate \| Convertible Notes [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Alternate measurement input percentage	11.52	11.98
Measurement Input, Expected Dividend Rate \| Series A Preferred Stock [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Alternate measurement input percentage	16.27		23.77

Note 15 - Revenue (Details Textual) - USD ($) $ in Millions	12 Months Ended
Note 15 - Revenue (Details Textual) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Disaggregation Of Revenue [Line Items]
Contract liabilities	$ 61	$ 48
Contract liabilities, current	43	42
Revenue recognized, contract liabilities	34	34
Contract with customer, cash payments received for liabilities that have been deferred	47	36
Other Current Assets [Member]
Disaggregation Of Revenue [Line Items]
Contract assets	4	3
Other Current Liabilities [Member]
Disaggregation Of Revenue [Line Items]
Contract liabilities, current	43	42
Other Long-Term Liabilities [Member]
Disaggregation Of Revenue [Line Items]
Contract liabilities, non-current	$ 18	$ 6

Note 16 - Summary of Other Operating Expense (Income), Net (Parentheticals) (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2018
Other Operating Income Expense Net [Line Items]
Loss on sale of shares		$ 12
Other Operating Expense (Income) [Member] \| Trade Names [Member]
Other Operating Income Expense Net [Line Items]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	$ 4		$ 13
Other Operating Expense (Income) [Member] \| Building [Member]
Other Operating Income Expense Net [Line Items]
Carrying value of assets	$ 2

Note 18 - Components of Loss From Continuing Operations and Tax Provision (Benefit) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
(Loss) earnings from continuing operations before income taxes:
U.S.	$ (68)	$ (46)
Outside the U.S.	8	33
(Loss) earnings from continuing operations before income taxes	(60)	(13)
U.S. income taxes:
Current benefit		(30)
Deferred provision		1
Income taxes outside the U.S.:
Current provision	7	4
Deferred provision	24	21
Total provision	$ 31	$ (4)

Note 18 - Deferred Tax Assets and Liabilities Significant Components (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Deferred tax assets
Pension and postretirement obligations	$ 39	$ 62
Restructuring programs	2	1
Leasing	1
Foreign tax credit	355	357
Inventories	8	10
Investment tax credit	46	48
Employee deferred compensation	24	23
Depreciation	41	64
Research and development costs	56	67
Tax loss carryforwards	325	338
Other deferred revenue	2	1
Other	86	67
Total deferred tax assets	985	1,038
Deferred tax liabilities
Leasing		2
Goodwill/intangibles	11	16
Unremitted foreign earnings	19	22
Total deferred tax liabilities	30	40
Net deferred tax assets before valuation allowance	955	998
Valuation allowance	821	853
Net deferred tax assets	$ 134	$ 145

Note 18 - Components of Deferred Tax Assets (Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Deferred income taxes	$ 147	$ 160
Other long-term liabilities	(13)	(15)
Net deferred tax assets	$ 134	$ 145

Note 19 - Restructuring Costs and Other (Details Textual) $ in Millions	12 Months Ended
	Dec. 31, 2019 USD ($) Position	Dec. 31, 2018 USD ($) Position
Restructuring Cost And Reserve [Line Items]
Restructuring Costs \| $	$ 16	$ 17
Restructuring and Related Cost, Number of Positions Eliminated	220	285
US and Canada [Member]
Restructuring Cost And Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated	90	130
World Excluding US and Canada [Member]
Restructuring Cost And Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated	130	155
Administrative Positions [Member]
Restructuring Cost And Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated	150	115
Manufacturing Service Positions [Member]
Restructuring Cost And Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated	65	100
Research and Development Positions [Member]
Restructuring Cost And Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated	5	70
Restructuring costs and other [Member]
Restructuring Cost And Reserve [Line Items]
Restructuring Costs \| $	$ 16	$ 17

Note 20 - Retirement Plans - (Details Textual) - USD ($) $ in Millions		12 Months Ended
	Jan. 01, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Retirement Plans [Line Items]
Earnings (loss) from discontinued operations				$ 1
Defined Benefit Plan, Special Termination Benefits			$ 3	$ 5
U.S. [Member]
Retirement Plans [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets			6.00%
U.S. [Member] \| Equity Securities Exposure Obtained Through Derivatives [Member]
Retirement Plans [Line Items]
Percentage of securities exposure obtained through derivatives			4.00%	5.00%
U.S. [Member] \| Government Bond Exposure Obtained Through Derivatives [Member]
Retirement Plans [Line Items]
Percentage of securities exposure obtained through derivatives			30.00%	30.00%
Duration of securities exposure obtained through derivatives			12 years	12 years
Non-US [Member]
Retirement Plans [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets			3.30%
Non-US [Member] \| Equity Securities Exposure Obtained Through Derivatives [Member]
Retirement Plans [Line Items]
Percentage of securities exposure obtained through derivatives			0.00%	0.00%
Non-US [Member] \| Government Bond Exposure Obtained Through Derivatives [Member]
Retirement Plans [Line Items]
Percentage of securities exposure obtained through derivatives			7.00%	7.00%
Duration of securities exposure obtained through derivatives			2 years	5 years
Scenario, Forecast [Member]
Retirement Plans [Line Items]
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) (in Dollars)		$ 7
Net actuarial loss		$ 21
Subsequent Event [Member]
Retirement Plans [Line Items]
Defined Benefit Plan Contributions By Employer Minimum Percentage Of Employee Salary	9.00%
Defined Benefit Plan Contributions By Employer Maximum Percentage Of Employee Salary	10.00%
Cash Balance Plan [Member]
Retirement Plans [Line Items]
Defined Benefit Plan Contributions By Employer Minimum Percentage Of Employee Salary			7.00%
Defined Benefit Plan Contributions By Employer Maximum Percentage Of Employee Salary			8.00%
Defined Benefit Plans [Member] \| U.S. [Member]
Retirement Plans [Line Items]
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) (in Dollars)			$ 7	$ 7
Net actuarial loss				5
Curtailment gains			2
Defined Benefit Plan, Special Termination Benefits			$ 3	$ 5
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets			6.50%	6.40%
Defined Benefit Plans [Member] \| Non-US [Member]
Retirement Plans [Line Items]
Net actuarial loss			$ 5	$ 5
Curtailment gains			$ 5
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets			3.46%	3.98%

Note 20 - Major Funded and Unfunded Defined Benefit Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Change in Benefit Obligation
Special termination benefits	$ 3	$ 5
U.S. [Member]
Change in Plan Assets
Over (under) funded status at end of period	135	40
Non-US [Member]
Change in Plan Assets
Over (under) funded status at end of period	(173)	(163)
Defined Benefit Plans [Member] \| U.S. [Member]
Change in Benefit Obligation
Projected benefit obligation at beginning of period	3,405	3,866
Service cost	10	13
Interest cost	122	109
Benefit payments	(349)	(414)
Actuarial loss (gain)	284	(174)
Special termination benefits	3	5
Projected benefit obligation at end of period	3,475	3,405
Change in Plan Assets
Fair value of plan assets at beginning of period	3,445	3,804
Gain on plan assets	514	55
Benefit payments	(349)	(414)
Fair value of plan assets at end of period	3,610	3,445
Over (under) funded status at end of period	135	40
Accumulated benefit obligation at end of period	3,474	3,403
Defined Benefit Plans [Member] \| Non-US [Member]
Change in Benefit Obligation
Projected benefit obligation at beginning of period	834	885
Service cost	3	3
Interest cost	13	12
Benefit payments	(48)	(50)
Actuarial loss (gain)	36
Currency adjustments	(4)	(16)
Projected benefit obligation at end of period	834	834
Change in Plan Assets
Fair value of plan assets at beginning of period	671	722
Gain on plan assets	28	5
Employer contributions	10	4
Benefit payments	(48)	(50)
Currency adjustments		(10)
Fair value of plan assets at end of period	661	671
Over (under) funded status at end of period	(173)	(163)
Accumulated benefit obligation at end of period	$ 825	$ 824

Note 20 - Amounts Recognized in Consolidated Statement of Financial Position (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Amounts Recognized In Consolidated Statement Of Financial Position [Line Items]
Pension assets	$ 173	$ 82
Pension and other postretirement liabilities	(378)	(379)
U.S. [Member]
Amounts Recognized In Consolidated Statement Of Financial Position [Line Items]
Pension assets	135	40
Net amount recognized	135	40
Non-US [Member]
Amounts Recognized In Consolidated Statement Of Financial Position [Line Items]
Pension assets	26	32
Pension and other postretirement liabilities	(199)	(195)
Net amount recognized	$ (173)	$ (163)

Note 20 - Major Funded and Unfunded Defined Benefit Plans With Projected Benefit Obligation in Excess of Plan Assets (Details) - Non-US [Member] - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Major Funded and Unfunded Defined Benefit Plans with Projected Benefit Obligation in Excess of Plan Assets [Line Items]
Projected benefit obligation	$ 568	$ 578
Fair value of plan assets	$ 368	$ 382

Note 20 - Major Funded and Unfunded Defined Benefit Plans With Accumulated Benefit Obligation in Excess of Plan Assets (Details) - Non-US [Member] - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Major Funded And Unfunded Defined Benefit Plans With Accumulated Benefit Obligation In Excess Of Plan Assets [Line Items]
Accumulated benefit obligation	$ 559	$ 568
Fair value of plan assets	$ 368	$ 382

Note 20 - Amounts Recognized in Accumulated Other Comprehensive Loss For All Major Funded and Unfunded Defined Benefit Plans (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
U.S. [Member]
Amounts Recognized In Accumulated Other Comprehensive Loss For All Major Funded And Unfunded Defined Benefit Plans [Line Items]
Prior service credit	$ 20	$ 27
Net actuarial loss	(244)	(258)
Total	224	231
Non-US [Member]
Amounts Recognized In Accumulated Other Comprehensive Loss For All Major Funded And Unfunded Defined Benefit Plans [Line Items]
Prior service credit	3	3
Net actuarial loss	(151)	(126)
Total	$ 148	$ 123

Note 20 - Weighted-average Assumptions Used to Determine Benefit Obligation Amounts (Details)	Dec. 31, 2019	Dec. 31, 2018
U.S. [Member]
Weighted Average Assumptions Used To Determine Benefit Obligation Amounts [Line Items]
Discount rate	2.97%	4.04%
Salary increase rate	3.50%	3.50%
Non-US [Member]
Weighted Average Assumptions Used To Determine Benefit Obligation Amounts [Line Items]
Discount rate	1.44%	2.05%
Salary increase rate	1.72%	2.06%

Note 20 - Weighted-average Asset Allocation By Assets Category (Details)	Dec. 31, 2019	Dec. 31, 2018
Major US Plans [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations	100.00%	100.00%
Major US Plans [Member] \| Equity Securities [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations	10.00%	11.00%
Major US Plans [Member] \| Equity Securities [Member] \| Minimum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	7.00%
Major US Plans [Member] \| Equity Securities [Member] \| Maximum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	13.00%
Major US Plans [Member] \| Debt Securities [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations	44.00%	40.00%
Major US Plans [Member] \| Debt Securities [Member] \| Minimum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	35.00%
Major US Plans [Member] \| Debt Securities [Member] \| Maximum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	45.00%
Major US Plans [Member] \| Real Estate [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations	1.00%	2.00%
Major US Plans [Member] \| Real Estate [Member] \| Minimum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	0.00%
Major US Plans [Member] \| Real Estate [Member] \| Maximum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	6.00%
Major US Plans [Member] \| Cash and Cash Equivalents [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations	1.00%	1.00%
Major US Plans [Member] \| Cash and Cash Equivalents [Member] \| Minimum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	0.00%
Major US Plans [Member] \| Cash and Cash Equivalents [Member] \| Maximum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	6.00%
Major US Plans [Member] \| Global Balanced Asset Allocation Funds [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations	15.00%	13.00%
Major US Plans [Member] \| Global Balanced Asset Allocation Funds [Member] \| Minimum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	12.00%
Major US Plans [Member] \| Global Balanced Asset Allocation Funds [Member] \| Maximum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	18.00%
Major US Plans [Member] \| Other [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations	29.00%	33.00%
Major US Plans [Member] \| Other [Member] \| Minimum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	27.00%
Major US Plans [Member] \| Other [Member] \| Maximum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	39.00%
Major Non-U.S. Plans [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations	100.00%	100.00%
Major Non-U.S. Plans [Member] \| Equity Securities [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations	5.00%	3.00%
Major Non-U.S. Plans [Member] \| Equity Securities [Member] \| Minimum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	0.00%
Major Non-U.S. Plans [Member] \| Equity Securities [Member] \| Maximum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	10.00%
Major Non-U.S. Plans [Member] \| Debt Securities [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations	31.00%	33.00%
Major Non-U.S. Plans [Member] \| Debt Securities [Member] \| Minimum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	30.00%
Major Non-U.S. Plans [Member] \| Debt Securities [Member] \| Maximum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	40.00%
Major Non-U.S. Plans [Member] \| Real Estate [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations	2.00%	1.00%
Major Non-U.S. Plans [Member] \| Real Estate [Member] \| Minimum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	0.00%
Major Non-U.S. Plans [Member] \| Real Estate [Member] \| Maximum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	6.00%
Major Non-U.S. Plans [Member] \| Cash and Cash Equivalents [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations	2.00%	2.00%
Major Non-U.S. Plans [Member] \| Cash and Cash Equivalents [Member] \| Minimum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	0.00%
Major Non-U.S. Plans [Member] \| Cash and Cash Equivalents [Member] \| Maximum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	6.00%
Major Non-U.S. Plans [Member] \| Global Balanced Asset Allocation Funds [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations	5.00%	4.00%
Major Non-U.S. Plans [Member] \| Global Balanced Asset Allocation Funds [Member] \| Minimum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	0.00%
Major Non-U.S. Plans [Member] \| Global Balanced Asset Allocation Funds [Member] \| Maximum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	10.00%
Major Non-U.S. Plans [Member] \| Other [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations	55.00%	57.00%
Major Non-U.S. Plans [Member] \| Other [Member] \| Minimum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	55.00%
Major Non-U.S. Plans [Member] \| Other [Member] \| Maximum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	65.00%