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Eastman Kodak (KODK)

Document And Entity Information

Document And Entity Information - USD ($) $ in Millions12 Months Ended
Dec. 31, 2018Mar. 01, 2019Jun. 30, 2018
Document And Entity Information [Abstract]
Entity Registrant NameEastman Kodak Co
Trading SymbolKODK
Document Type10-K
Current Fiscal Year End Date--12-31
Entity Common Stock, Shares Outstanding42,974,257
Entity Public Float $ 67
Amendment Flagfalse
Entity Central Index Key0000031235
Entity Current Reporting StatusYes
Entity Voluntary FilersNo
Entity Filer CategoryAccelerated Filer
Entity Well-known Seasoned IssuerNo
Document Period End DateDec. 31,
2018
Document Fiscal Year Focus2018
Entity Shell Companyfalse
Entity Small Businesstrue
Entity Emerging Growth Companyfalse
Document Fiscal Period FocusFY

Consolidated Statement of Opera

Consolidated Statement of Operations - USD ($) shares in Millions12 Months Ended
Dec. 31, 2018Dec. 31, 2017
Total net revenues $ 1,325,000,000 [1] $ 1,386,000,000
Total cost of revenues1,144,000,000 1,175,000,000
Gross profit181,000,000 211,000,000
Selling, general and administrative expenses225,000,000 239,000,000
Research and development costs48,000,000 64,000,000
Restructuring costs and other17,000,000 31,000,000
Other operating expense (income), net9,000,000 28,000,000
Goodwill impairment loss0 56,000,000
Loss from continuing operations before interest expense, pension income excluding service cost component, other charges (income), net and income taxes(118,000,000)(207,000,000)
Interest expense9,000,000 8,000,000
Pension income excluding service cost component(131,000,000)(152,000,000)
Other charges (income), net17,000,000 (37,000,000)
Loss from continuing operations before income taxes(13,000,000)(26,000,000)
Benefit from income taxes(4,000,000)(120,000,000)
Equity in loss of equity method investment, net of income taxes1,000,000
(Loss) earnings from continuing operations(9,000,000)93,000,000
(Loss) earnings from discontinued operations, net of income taxes(7,000,000)1,000,000
NET (LOSS) EARNINGS $ (16,000,000) $ 94,000,000
Basic (loss) earnings per share attributable to Eastman Kodak Company common shareholders:
Continuing operations $ (0.68) $ 1.74
Discontinued operations(0.16)0.02
Total(0.84)1.76
Diluted (loss) earnings per share attributable to Eastman Kodak Company common shareholders:
Continuing operations(0.68)1.74
Discontinued operations(0.16)0.02
Total $ (0.84) $ 1.76
Number of common shares used in basic and diluted (loss) earnings per share
Basic42.7 42.5
Diluted42.7 42.7
Product [Member]
Total net revenues $ 1,044,000,000 $ 1,096,000,000
Total cost of revenues950,000,000 968,000,000
Service [Member]
Total net revenues281,000,000 290,000,000
Total cost of revenues $ 194,000,000 $ 207,000,000
[1]Sales are reported in the geographic area in which they originate. No non-U.S. country generated more than 10% of net sales in the year ended December 31, 2018

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income (Loss) - USD ($) $ in Millions12 Months Ended
Dec. 31, 2018Dec. 31, 2017
Statement Of Income And Comprehensive Income [Abstract]
NET (LOSS) EARNINGS $ (16) $ 94
Other comprehensive loss, net:
Currency translation adjustments(11)11
Pension and other postretirement benefit plan obligation activity, net of tax(9)36
Other comprehensive (loss) income, net attributable to Eastman Kodak Company(20)47
COMPREHENSIVE (LOSS) INCOME, NET $ (36) $ 141

Consolidated Statement of Finan

Consolidated Statement of Financial Position - USD ($) $ in MillionsDec. 31, 2018Dec. 31, 2017
ASSETS
Cash and cash equivalents $ 246 $ 343
Trade receivables, net of allowances of $9 and $9232 253
Inventories, net236 246
Other current assets51 54
Current assets held for sale113 62
Total current assets878 958
Property, plant and equipment, net of accumulated depreciation of $422 and $384, respectively[1]246 294
Goodwill12 12
Intangible assets, net60 84
Restricted cash11 17
Deferred income taxes160 187
Other long-term assets144 113
Long-term assets held for sale42
TOTAL ASSETS1,511 1,707
LIABILITIES, REDEEMABLE, CONVERTIBLE PREFERRED STOCK AND EQUITY (DEFICIT)
Accounts payable, trade149 183
Short-term borrowings and current portion of long-term debt396 4
Other current liabilities213 211
Current liabilities held for sale20 21
Total current liabilities778 419
Long-term debt, net of current portion5 399
Pension and other postretirement liabilities379 462
Other long-term liabilities179 202
Long-term liabilities held for sale4
Total liabilities1,341 1,486
Commitments and contingencies (Note 11)
Equity (Deficit)
Common stock, $0.01 par value
Additional paid in capital617 631
Treasury stock, at cost(9)(9)
Accumulated deficit(200)(174)
Accumulated other comprehensive loss(411)(391)
Total equity (deficit)(3)57
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY (DEFICIT)1,511 1,707
Convertible Series A Preferred Stock [Member]
LIABILITIES, REDEEMABLE, CONVERTIBLE PREFERRED STOCK AND EQUITY (DEFICIT)
Redeemable, convertible Series A preferred stock, no par value, $100 per share liquidation preference $ 173 $ 164
[1]Long-lived assets are comprised of property, plant and equipment, net.

Consolidated Statement of Fin_2

Consolidated Statement of Financial Position (Parentheticals) - USD ($) $ in MillionsDec. 31, 2018Dec. 31, 2017
Allowance for trade receivables $ 9 $ 9
Property, plant and equipment, accumulated depreciation $ 422 $ 384
Common stock, par value $ 0.01 $ 0.01
Convertible Series A Preferred Stock [Member]
Preferred stock, no par value0 0
Preferred stock, liquidation preference per share $ 100 $ 100

Consolidated Statement of Equit

Consolidated Statement of Equity (Deficit) - USD ($) $ in MillionsTotalAdditional Paid-in Capital [Member]Accumulated Deficit [Member]AOCI Attributable to Parent [Member]Treasury Stock [Member]Series A Redeemable Convertible Preferred Stock [Member]
Equity (deficit) at Dec. 31, 2016 $ (73) $ 641 $ (268) $ (438) $ (8)
Equity (deficit) at Dec. 31, 2016 $ 156
Net (loss) earnings94 94
Currency translation adjustments11 11
Pension and other postretirement liability adjustments36 36
Series A preferred stock cash and accrued dividends(11)(11)
Series A preferred stock deemed dividends(8)(8)
Redeemable series A preferred stock deemed dividends8
Stock-based compensation9 9
Purchases of treasury stock[1](1)(1)
Equity (deficit) at Dec. 31, 201757 631 (174)(391)(9)
Equity (deficit) at Dec. 31, 2017164
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 dividends9
Stock-based compensation6 6
Equity (deficit) at Dec. 31, 2018(3) $ 617 (200) $ (411) $ (9)
Equity (deficit) at Dec. 31, 2018 $ 173
Adjustments due to ASU 2014-09 $ (10) $ (10)
[1]Represents purchases of common stock and/ or warrants to satisfy tax withholding obligations.

Consolidated Statement of Equ_2

Consolidated Statement of Equity (Deficit) (Parentheticals)12 Months Ended
Dec. 31, 2017$ / sharesshares
Statement Of Stockholders Equity [Abstract]
Purchases of treasury stock, in shares98,056
Preferred stock, Shares Authorized60,000,000
Preferred stock, No Par Value | $ / shares $ 0
Preferred stock, shares issued2,000,000

Consolidated Statement of Cash

Consolidated Statement of Cash Flow - USD ($) $ in Millions12 Months Ended
Dec. 31, 2018Dec. 31, 2017
Cash flows from operating activities:
Net (loss) earnings $ (16) $ 94
Adjustments to reconcile to net cash used in operating activities:
Depreciation and amortization73 80
Pension and other postretirement income(106)(119)
Change in fair value of embedded conversion features derivative liability[1](47)
Non-cash restructuring costs, asset impairments and other charges13 89
Prosper asset remeasurement[2]12
Stock based compensation6 9
Non-cash changes in workers' compensation and legal reserves(11)
Net gains on sales of businesses/assets(13)(8)
Provision (benefit) from deferred income taxes18 (129)
Decrease in trade receivables12 11
Increase in inventories(9)(4)
Decrease in trade accounts payable(31)(14)
Decrease in liabilities excluding borrowings(31)(37)
Other items, net33 (4)
Total adjustments(46)(161)
Net cash used in operating activities(62)(67)
Cash flows from investing activities:
Additions to properties(33)(38)
Net proceeds from sales of businesses/assets, net11 13
Proceeds from sales of marketable securities1
Net cash used in investing activities(22)(24)
Cash flows from financing activities:
Repayment of emergence credit facilities(7)
Preferred stock dividend payments(8)(10)
Payment of contingent consideration related to the sale of a business(7)
Capital lease payments(3)(4)
Treasury stock purchases(1)
Net cash used in financing activities(11)(29)
Effect of exchange rate changes on cash, cash equivalents and restricted cash(7)11
Net decrease in cash and cash equivalents and restricted cash(102)(109)
Cash and cash equivalents and restricted cash, beginning of period369 478
Cash and cash equivalents and restricted cash, end of period267 369
Cash paid for interest and income taxes was:
Interest, net of portion capitalized of $1 as of both December 31, 2018 and 2017.28 31
Income taxes (net of refunds) $ (9) $ 18
[1]Refer to Note 13, “Financial Instruments”.
[2]In the first quarter of 2017, Kodak reduced the carrying value of Prosper fixed assets ($8 million) and intangible assets ($4 million) to the amount that would have been recorded if the Prosper assets, which were previously presented as held for sale, had been continuously classified as held and used.

Consolidated Statement of Cas_2

Consolidated Statement of Cash Flow (Parentheticals) - USD ($) $ in Millions12 Months Ended
Dec. 31, 2018Dec. 31, 2017
Statement Of Cash Flows [Abstract]
Capitalized Interest $ 1 $ 1

Note 1 - Summary of Significant

Note 1 - Summary of Significant Accounting Policies12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]
Summary of Significant Accounting Policies [Text Block]NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES ACCOUNTING PRINCIPLES The consolidated financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The following is a description of the significant accounting policies of Kodak. BASIS OF CONSOLIDATION The consolidated financial statements include the accounts of EKC and all companies directly or indirectly controlled by EKC, either through majority ownership or otherwise. Kodak consolidates variable interest entities if Kodak has a controlling financial interest and is determined to be the primary beneficiary of the entity. GOING CONCERN The consolidated financial statements have been prepared on the going concern basis of accounting, which assumes Kodak will continue to operate as a going concern and which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. The Company has $395 million of outstanding indebtedness under the Term Credit Agreement. The loans made under the Term Credit Agreement become due on the earlier to occur of (i) the maturity date of September 3, 2019 or (ii) the acceleration of such loans following the occurrence of an event of default (as defined in the Term Credit Agreement). The Company also has issued approximately $85 million and $96 million of letters of credit under the ABL Credit Agreement as of December 31, 2018 and 2017, respectively. Should the Company not repay, refinance or extend the maturity of the loans under the existing Term Credit Agreement prior to June 5, 2019, the termination date will occur under the ABL Credit Agreement on such date unless the ABL Credit Agreement has been amended in the interim. Upon the occurrence of the termination date under the ABL Credit Agreement, the obligations thereunder will become due and the Company will need to provide alternate collateral in place of the letters of credit issued under the ABL Credit Agreement. As of December 31, 2018 and 2017, Kodak had approximately $246 million and $343 million, respectively, of cash and cash equivalents. $117 million and $172 million was held in the U.S. as of December 31, 2018 and 2017, respectively, and $129 million and $171 million were held outside the U.S. Cash balances held outside the U.S. are generally required to support local country operations and may have high tax costs or other limitations that delay the ability to repatriate, and therefore may not be readily available for transfer to other jurisdictions. Outstanding inter-company loans to the U.S. as of December 31, 2018 and 2017 were $390 million and $358 million, respectively, which includes short-term intercompany loans from Kodak’s international finance center of $92 million and $59 million as of December 31, 2018 and 2017, respectively. In China, where approximately $72 million and $108 million of cash and cash equivalents was held as of December 31, 2018 and 2017, respectively, there are limitations related to net asset balances that may impact the ability to make cash available to other jurisdictions in the world. Kodak had a net decrease in cash, cash equivalents, and restricted cash of $102 million and $109 million for the years ended December 31, 2018, and 2017, respectively. U.S. GAAP requires an evaluation of whether there are conditions or events, considered in the aggregate, that raise substantial doubt about an entity’s ability to continue as a going concern within one year after the date the financial statements are issued. Initially, this evaluation does not consider the potential mitigating effect of management’s plans that have not been fully implemented. When substantial doubt exists, management evaluates the mitigating effect of its plans if it is probable that (1) the plans will be effectively implemented within one year after the date the financial statements are issued, and (2) when implemented, the plans will mitigate the relevant conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date the financial statements are issued or prior to the conditions or events that create the going concern risk. As of the date of issuance of these financial statements, Kodak has debt coming due within twelve months and does not have committed financing or available liquidity to meet such debt obligations if they were to become due in accordance with their current terms. Reporting requirements under the Term Credit Agreement require the Company to provide annual audited financial statements accompanied by an opinion of an independent public accountant without a “going concern” or like qualification or exception and without any qualification or exception as to the scope of such audit or other material qualification or exception, except for any such qualification or exception with respect to any indebtedness maturing within 364 days after the date of such financial statements. Lenders may take the position that the going concern explanatory paragraph contained in the audit report on the Company’s financial statements as of and for the year ended December 31, 2018 does not satisfy the requirements under the Term Credit Agreement. Under the Term Credit Agreement, if notice of a failure to comply with the reporting covenant is given to the Company by the lenders, an event of default would occur thereunder if such failure is not cured within thirty days after such notice is given, unless such event of default is waived by the requisite lenders. In the event of default, the debt could become immediately due. The Company’s ABL Credit Agreement contains an opinion delivery requirement that corresponds to the requirement under the Term Credit Agreement, although under the ABL Credit Agreement there is an additional requirement that the opinion be reasonably acceptable to the agent under the ABL Credit Agreement. On March 31, 2019 the Company obtained a waiver from the agent and lenders under the ABL Credit Agreement with respect to any event of default under the reporting covenant that may be deemed to occur in relation to the going concern explanatory paragraph in the audit report. Kodak entered into an agreement to sell its Flexographic Packaging Division (“FPD”) on November 11, 2018. The Company expects to close the sale of FPD as early as April 8, 2019 and intends to use the proceeds of such sale to reduce the loans outstanding under the Term Credit Agreement. The Company has also been engaged in negotiations to refinance the portion of the Term Credit Agreement that will not be paid from proceeds from the sale of FPD. The Company intends to amend and restate or refinance the Term Credit Agreement prior to the maturity of the Term Credit Agreement or ABL Credit Agreement and prior to the date on which any event of default would occur under the Term Credit Agreement. Additionally, Kodak is facing liquidity challenges due to operating losses and negative cash flow. Based on forecasted cash flows, there are uncertainties regarding Kodak’s ability to meet commitments in the U.S. as they come due. Kodak’s plans to improve cash flow include reducing interest expense by decreasing the debt balance using proceeds from asset sales, including the sale of the Flexographic Packaging segment; further restructuring Kodak’s cost structure; and paring investment in new technology by eliminating, slowing, and partnering with investors in product development programs. The sale of the Flexographic Packaging segment and/or refinancing of the loans under the Term Credit Agreement are not solely within Kodak’s control. Executing agreements for the sale or a refinancing of and the timing for a closing of the sale or a refinancing of the loans under the Term Credit Agreement are dependent upon several external factors outside Kodak’s control, including but not limited to, the ability of the Company to reach acceptable agreements with different counterparties and the time required to meet conditions to closing under a sale agreement or credit facility. Kodak makes no assurances regarding the likelihood, certainty or timing of consummating any asset sales, including of the Flexographic Packaging segment, refinancing of the Company’s existing debt, or regarding the sufficiency of any such actions to meet Kodak’s debt obligations, including compliance with debt covenants, or other commitments in the U.S. as they come due. These conditions raise substantial doubt about Kodak’s ability to continue as a going concern . For more information regarding the Term Credit Agreement, the ABL Credit Agreement and debt covenants see Note 9, “Debt and Capital Leases”. RECLASSIFICATIONS Certain amounts for prior periods have been reclassified to conform to the current period classification due to adoption of Accounting Standards Update (“ASU”) ASU 2017-07, Compensation – Retirements Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and New Periodic Postretirement Benefit Cost and a change in segment measure to exclude amortization of prior service costs and credits. Refer to Note 1, Summary of Significant Accounting Policies – Recently Adopted Accounting Standards and Note 26, “Segment Information” for additional information. USE OF ESTIMATES The preparation of financial statements in conformity with U.S. GAAP accounting requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of commitments and contingencies at year end, and the reported amounts of revenues and expenses during the reporting periods presented. Actual results could differ from these estimates. FOREIGN CURRENCY For most subsidiaries and branches outside the U.S., the local currency is the functional currency. The financial statements of these subsidiaries and branches are translated into U.S. dollars as follows: assets and liabilities at year-end exchange rates; revenue, expenses and cash flows at average exchange rates; and shareholders’ equity at historical exchange rates. For those subsidiaries for which the local currency is the functional currency, the resulting translation adjustment is recorded as a component of Accumulated other comprehensive loss in the accompanying Consolidated Statement of Financial Position. For certain other subsidiaries and branches outside the U.S., operations are conducted primarily in U.S. dollars, which is therefore the functional currency. Monetary assets and liabilities of these foreign subsidiaries and branches, which are recorded in local currency, are remeasured at year-end exchange rates, while the related revenue, expense, and gain and loss accounts, which are recorded in local currency, are remeasured at average exchange rates. Non-monetary assets and liabilities, and the related revenue, expense, and gain and loss accounts, are remeasured at historical exchange rates. Adjustments that result from the remeasurement of the assets and liabilities of these subsidiaries are included in Other (income) charges, net in the accompanying Consolidated Statement of Operations. The effects of foreign currency transactions, including related hedging activities, are included in Other (income) charges, net, in the accompanying Consolidated Statement of Operations. CONCENTRATION OF CREDIT RISK Financial instruments that potentially subject Kodak to significant concentrations of credit risk consist principally of cash and cash equivalents, receivables, restricted cash and derivative instruments. Kodak places its cash, cash equivalents and restricted cash with high-quality financial institutions and limits the amount of credit exposure to any one institution. With respect to receivables, such receivables arise from sales to numerous customers in a variety of industries, markets, and geographies around the world. Receivables arising from these sales are generally not collateralized. Kodak performs ongoing credit evaluations of its customers’ financial conditions and maintains reserves for potential credit losses and such losses, in the aggregate, have not exceeded management’s expectations. Counterparties to the derivative instrument contracts are major financial institutions. Kodak has not experienced non-performance by any of its derivative instrument counterparties. CASH EQUIVALENTS All highly liquid investments with a remaining maturity of three months or less at date of purchase are considered to be cash equivalents. INVENTORIES Inventories are stated at the lower of cost or market. The cost of all of Kodak’s inventories is determined by the average cost method, which approximates current cost. Kodak provides inventory reserves for excess, obsolete or slow-moving inventory based on changes in customer demand, technology developments or other economic factors. PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment are recorded at cost, net of accumulated depreciation. Kodak capitalizes additions and improvements while maintenance and repairs are charged to expense as incurred. Upon sale or other disposition, the applicable amounts of asset cost and accumulated depreciation are removed from the accounts and the net amount, less proceeds from disposal, is charged or credited to net (loss) earnings. Kodak calculates depreciation expense using the straight-line method over the assets’ estimated useful lives, which are as follows:
Estimated Useful Lives
Buildings and building improvements
5-40
Land improvements
4-20
Leasehold improvements
3-20
Equipment
3-20
Tooling
1-3
Furniture and fixtures
5-10 Kodak depreciates leasehold improvements over the shorter of the lease term or the asset’s estimated useful life. Equipment subject to operating leases is included in Property, plant and equipment, net in the Consolidated Statement of Financial Position. Equipment subject to operating leases consists of equipment rented to customers and is depreciated to estimated salvage value over its expected useful life. Equipment operating lease terms and depreciable lives generally vary from 3 to 7 years. GOODWILL Goodwill is not amortized but is required to be assessed for impairment at least annually and whenever events or changes in circumstances occur that would more likely than not reduce the fair value of the reporting unit below its carrying amount. When testing goodwill for impairment, Kodak may assess qualitative factors for some or all of its reporting units to determine whether it is more likely than not (that is, a likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying amount, including goodwill. If Kodak determines based on this qualitative test of impairment that it is more likely than not that a reporting unit’s fair value is less than its carrying amount or elects to bypass the qualitative assessment for some or all of its reporting units, then a quantitative goodwill impairment test is performed to test for a potential impairment of goodwill. The amount of goodwill impairment, if any, is calculated as the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying amount of goodwill. Determining the fair value of a reporting unit involves the use of significant estimates and assumptions. Refer to Note 5, “Goodwill and Other Intangible Assets”. WORKERS’ COMPENSATION Kodak self-insures and participates in high-deductible insurance programs with retention and per occurrence deductible levels for claims related to workers’ compensation. The estimated liability for workers’ compensation is based on actuarially estimated, discounted cost of claims, including claims incurred but not reported. Historical loss development factors are utilized to project the future development of incurred losses, and the amounts are adjusted based on actual claim experience, settlements, claim development trends, changes in state regulations and judicial interpretations. Refer to Note 7, “Other Current Liabilities” and Note 8, “Other Long-Term Liabilities” for the estimated liabilities. Amounts recoverable from insurance companies or third parties are estimated using historical experience and estimates of future recoveries. Estimated recoveries are not offset against the related accrual. The amount recorded for the estimated recoveries at December 31, 2018 and 2017 was $20 million and $25 million, respectively, of which $17 million and $22 million, respectively, is reported in Other long-term assets in the Consolidated Statement of Financial Position. The remaining $3 million at each year end is reported in Other current assets in the Consolidated Statement of Financial Position. REVENUE Kodak’s revenue transactions include sales of products (such as components and consumables for use in Kodak and other manufacturers’ equipment and film-based products): equipment, software, services, integrated solutions, intellectual property and brand licensing; and real estate management activities. Revenue from services includes extended warranty, customer support and maintenance agreements, consulting, business process services, training and education. Revenue is recognized when control of the promised goods or services is transferred to customers in an amount that reflects the consideration Kodak expects to be entitled to in exchange for those goods or services. For product sales (such as plates, film, inks, chemicals and other consumables) revenue is recognized when control has transferred from Kodak to the buyer, which may be upon shipment or upon delivery to the customer site, based on contract terms or legal requirements in certain jurisdictions. Service revenue is recognized using the time-based method ratably over the contractual period as it best depicts when the customer receives the benefit from the service. Service revenue for time and materials-based agreements is recognized as services is performed. Equipment is generally dependent on, and interrelated with, the underlying operating system (firm ware) and cannot function without the operating system. In these cases, the hardware and software license are accounted for as a single performance obligation. Contracts with customers may include multiple performance obligations including equipment, and optional software licenses and service agreements. Service agreements may be prepaid or paid over-time and range from three months to six years. For such arrangements, revenue is allocated to each performance obligation based on its relative standalone selling price. Standalone selling prices are based on the prices charged to customers or using expected cost-plus margin. For non-complex equipment installations and software sales (Prepress and Prosper Components and Unified Workflow Solutions businesses) revenue is recognized when control of each distinct performance obligation has transferred from Kodak to the buyer, which is generally met when the equipment or software is delivered and installed at the customer site as delivery and installation generally occur within the same period. For complex equipment installations or integrated software solutions (Prosper Presses, Electrophotographic Printing Solutions Printers, Unified Workflow Solutions) revenue is deferred until receipt of customer acceptance and control has transferred to the buyer. Software licenses are sold both in bundled equipment arrangements as discussed above or on a stand-alone basis (Unified Workflow Solutions business). Software licenses are generally perpetual and are usually sold with post-contract support services (“PCS”) which are considered distinct performance obligations as the customer’s use of the existing software is not dependent upon future upgrades. Kodak recognizes software revenue at the time that the customer obtains control over the software which generally occurs upon installation while revenue allocated to the PCS is recognized over the service period. In service arrangements such as consulting or business process services (Kodak Technology Solutions business) where final acceptance by the customer is required, revenue is deferred until all acceptance criteria have been met and Kodak has a legal right to payment. Kodak’s licensing revenue is comprised of software licenses as discussed above, licenses to use functional intellectual property (patents and technical know-how) and licenses to use symbolic intellectual property (brand names and trademarks) (Consumer and Film businesses). The timing and the amount of revenue recognized from the licensing of intellectual property depends upon a variety of factors, including the nature of the performance obligations (functional vs. symbolic licenses) specific terms of each agreement, and the payment terms. Aside from software licenses discussed above, Kodak’s functional licenses generally provide the right to use functional intellectual property; therefore, non-sales/usage-based revenue is recognized when the customer has the right to use the intellectual property while sales and usage-based royalties are recognized in the period the related sales and usage occurs. Revenue for symbolic licenses such as brand licenses are recognized over time. Real estate management revenue consists primarily of tenant lease income, common area maintenance charges and utilities. Usage based revenue is recognized as earned while tenant lease income is recognized on a straight-line basis over the lease term. Deferred revenue is recorded when cash payments are received in advance of satisfying performance obligations such as deposits required in advance on equipment orders, prepaid service contracts, prepaid tenant lease income or prepaid royalties on intellectual property arrangements. Interest expense is imputed for payments received greater than one year in advance of performance. Payment terms and conditions vary by contract type, although terms generally include a requirement of payment within 30 to 60 days. Kodak applies the practical expedient with respect to implied financial components and only imputes interest for payment terms greater than one year. Sales and usage-based taxes are excluded from revenues. Certain customers may receive cash-based incentives or credits, which are accounted for as variable consideration. Kodak estimates these amounts based on the expected amount to be provided to customers. Kodak expenses sales commissions when incurred if the amortization period would be one year or less. These costs are recorded in Selling, general and administrative expenses. Kodak accrues the estimated cost of post-sale obligations, including basic product warranties, at the time of revenue recognition. Shipping and handling costs are accounted for as fulfillment costs and are included in cost of sales. Kodak does not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less or for which revenue is recognized at the amount to which Kodak has the right to invoice for services performed. Performance obligations with an original expected length of greater than one year generally consist of deferred service contracts, operating leases and licensing arrangements. As of December 31, 2018, there was approximately $70 million of unrecognized revenue from unsatisfied performance obligations. Approximately 35% of the revenue from unsatisfied performance obligations is expected to be recognized in 2019, 30% in 2020, 15% in 2021 and 20% thereafter. RESEARCH AND DEVELOPMENT COSTS R&D costs, which include costs incurred in connection with new product development, fundamental and exploratory research, process improvement, product use technology and product accreditation, are expensed in the period in which they are incurred. ADVERTISING Advertising costs are expensed as incurred and are included in Selling, general and administrative expenses in the accompanying Consolidated Statement of Operations. Advertising expenses amounted to $4 million and $6 million for the years ended December 31, 2018 and 2017, respectively. SHIPPING AND HANDLING COSTS Amounts charged to customers and costs incurred by Kodak related to shipping and handling are included in net sales and cost of sales, respectively. IMPAIRMENT OF LONG-LIVED ASSETS The carrying values of long-lived assets, other than goodwill and intangible assets with indefinite useful lives, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying values may not be recoverable. The recoverability of the carrying values of long-lived assets is assessed by first grouping long-lived assets with other assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities (the asset group) and, secondly, by estimating the undiscounted future cash flows that are directly associated with and that are expected to arise from the use of and eventual disposition of such asset group. Kodak estimates the undiscounted cash flows over the remaining useful life of the primary asset within the asset group. If the carrying value of the asset group exceeds the estimated undiscounted cash flows, Kodak records an impairment charge to the extent the carrying value of the long-lived asset exceeds its fair value. Kodak determines fair value through quoted market prices in active markets or, if quoted market prices are unavailable, through the performance of internal analyses of discounted cash flows. The remaining useful lives of long-lived assets are reviewed in connection with the assessment of recoverability of long-lived assets and the ongoing strategic review of the business and operations. If the review indicates that the remaining useful life of the long-lived asset has changed significantly, the depreciation on that asset is adjusted to facilitate full cost recovery over its revised estimated remaining useful life. The carrying values of indefinite-lived intangible assets are evaluated for potential impairment annually or whenever events or changes in circumstances indicate that it is more likely than not that the asset is impaired. Refer to Note 5, “Goodwill and Other Intangible Assets.” INCOME TAXES Kodak recognizes deferred tax liabilities and assets for the expected future tax consequences of operating losses, credit carry-forwards and temporary differences between the carrying amounts and tax basis of Kodak’s assets and liabilities. Kodak records a valuation allowance to reduce its net deferred tax assets to the amount that is more likely than not to be realized. For discussion of the amounts and components of the valuation allowances as of December 31, 2018 and 2017, refer to Note 17, “Income Taxes.” The undistributed earnings of Kodak’s foreign subsidiaries are not considered permanently reinvested. Kodak has recognized a deferred tax liability (net of related foreign tax credits) on the foreign subsidiaries’ undistributed earnings. RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS In February 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) ASU 2018-05, “Income Taxes (Topic 740): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118” (“ASU 2018-05”), which updates the income tax accounting in U.S. generally accepted accounting principles (GAAP) to reflect the SEC interpretive guidance released on December 22, 2017, when the 2017 Act was signed into law. Additional information regarding the adoption of this standard is contained in Note 17, Income Taxes. In March 2017, the FASB issued ASU 2017-07, Compensation—Retirements Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. ASU 2017-07 requires entities to report the service cost component of net periodic pension and postretirement benefit cost in the same line item(s) as other compensation costs arising from services rendered during the period and to report all other components of net benefit costs outside a subtotal of income from operations. In addition, the ASU allows only the service cost component to be eligible for capitalization when applicable. Kodak adopted ASU 2017-07 effective January 1, 2018, retrospectively for the presentation of the service cost and other cost components and prospectively for the application of the capitalization eligibility. The components of net benefit cost are shown in Note 19, “Retirement Plans” and Note 20, “Other Postretirement Benefits”. The guidance impacted presentation in Kodak’s consolidated financial statements and the capitalization of costs to inventory. The presentation of the service cost component was consistent with the requirements of the new standard. The other components (which were presented within Cost of revenues, Selling and general administrative expenses and Research and development costs) are being presented separately on the face of the Consolidated Statement of Operations. The segment measure of profit and loss previously included only the service cost and amortization of prior service credits components of net periodic pension and postretirement benefit costs (refer to Note 26, “Segment Information”). Effective January 1, 2018, the segment measure of profit and loss only includes the service cost component of net periodic pension and postretirement benefit costs and prior periods have been reclassified to conform to this presentation. In February 2017, the FASB issued ASU 2017-05, Other Income—Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets. ASU 2017-05 defines in-substance nonfinancial assets, provides guidance with respect to accounting for partial sales of nonfinancial assets and conforms the derecognition guidance on nonfinancial assets with the model for transactions in the new revenue standard (Topic 606 as described below). Kodak adopted ASU 2017-05 effective January 1, 2018 using the modified retrospective adoption approach. The application of this standard did not have a material impact on Kodak’s consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, Financial Instruments—Overall (Topic 825): Recognition and Measurement of Financial Assets and Financial Liabilities. ASU 2016-01 primarily affects the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. Under the ASU all equity investments in unconsolidated entities (other than those accounted for using the equity method of accounting) will generally be measured at fair value through earnings. In addition, the FASB clarified guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. Kodak adopted ASU 2016-01 effective January 1, 2018. The adoption of this guidance did not have a material impact on Kodak’s consolidated financial statements. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” ASU 2014-09 supersedes the revenue recognition requirements in Topic 605, “Revenue Recognition” and most industry-specific guidance. The core principle of ASU 2014-09 is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. Kodak adopted the provisions of the new standard effective January 1, 2018 using the modified retrospective method which allows companies to record a one-time adjustment to opening retained earnings for the cumulative effect of the standard on open contracts at the time of adoption. Kodak derives revenue from various brand licensing arrangements, which may include upfront payments and/or sales-based royalties subject to minimum annual guaranteed amounts. Kodak recorded a cumulative effect adjustment of approximately $10 million as a decrease to the opening balance of retained earnings related to these arrangements. With the exception of brand license revenue, Kodak did not identify any changes in the timing of revenue recognition that resulted in a material transition adjustment. The cumulative effect of the changes made

Note 2 - Cash, Cash Equivalents

Note 2 - Cash, Cash Equivalents and Restricted Cash12 Months Ended
Dec. 31, 2018
Cash And Cash Equivalents [Abstract]
Cash, Cash Equivalents and Restricted Cash [Text Block]NOTE 2: CASH, CASH EQUIVALENTS AND RESTRICTED CASH The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Statement of Financial Position that sums to the total of such amounts shown in the Statement of Cash Flows:
As of December 31,
(in millions)
2018
2017
Cash and cash equivalents
$
246
$
343
Restricted cash included in Other current assets
8
8
Long-term restricted cash
11
17
Cash included in assets held for sale
2
1
Total cash, cash equivalents and restricted cash shown in the Statement of Cash Flows
$
267
$
369
Restricted cash included in Other current assets on the Statement of Financial Position primarily represents amounts which support hedging activities. Long-term restricted cash as of December 31, 2018 and 2017 includes $5 million and $6 million, respectively, of security posted related to Brazilian legal contingencies. Long-term restricted cash as of December 31, 2018 and 2017 also included $3 million and $6 million, respectively, supporting compliance with the Excess Availability threshold under the ABL Credit Agreement.

Note 3 - Inventories, Net

Note 3 - Inventories, Net12 Months Ended
Dec. 31, 2018
Disclosure Text Block [Abstract]
Inventory Disclosure [Text Block]NOTE 3: INVENTORIES, NET
As of December 31,
(in millions)
2018
2017
Finished goods
$
119
$
132
Work in process
55
55
Raw materials
62
59
Total
$
236
$
246

Note 4 - Property, Plant and Eq

Note 4 - Property, Plant and Equipment, Net and Equipment Subject to Operating Leases, Net12 Months Ended
Dec. 31, 2018
Property Plant And Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]NOTE 4: PROPERTY, PLANT AND EQUIPMENT, NET AND EQUIPMENT SUBJECT TO OPERATING LEASES, NET
As of December 31,
(in millions)
2018
2017
Land
$
70
$
79
Buildings and building improvements
171
168
Machinery and equipment
417
414
Construction in progress
10
17
668
678
Accumulated depreciation
(422
)
(384
)
Property, plant and equipment, net
$
246
$
294
Depreciation expense was $59 million and $60 million for the years ended December 31, 2018 and 2017, respectively. During the first quarter of 2017, Kodak recorded a pre-tax charge of $8 million to adjust the Prosper fixed asset carrying value to the amount that would have been recorded had the Prosper fixed assets been continuously classified as held and used. Refer to Note 15, “Other Operating Expense (Income), net”. Equipment subject to operating leases and the related accumulated depreciation were as follows:
As of December 31,
(in millions)
2018
2017
Equipment subject to operating leases
$
34
$
40
Accumulated depreciation
(19
)
(18
)
Equipment subject to operating leases, net
$
15
$
22
Minimum future rental revenues on operating leases with original terms of one year or longer are not significant to Kodak.

Note 5 - Goodwill and Other Int

Note 5 - Goodwill and Other Intangible Assets12 Months Ended
Dec. 31, 2018
Disclosure Text Block [Abstract]
Goodwill and Other Intangible Assets Disclosure [Text Block]NOTE 5: GOODWILL AND OTHER INTANGIBLE ASSETS The following table presents the changes in the carrying value of goodwill by reportable segment. The Enterprise Inkjet Systems, Advanced Materials and 3D Printing Technology, and Eastman Business Park segments do not have goodwill and are therefore not presented.
(in millions)
Print Systems
Software and Solutions
Consumer and Film
Consolidated Total
Balance as of December 31, 2016
$
56
$
6
$
6
$
68
Impairment
(56
)


(56
)
Balance as of December 31, 2017

6
6
12
Impairment




Balance as of December 31, 2018
$

$
6
$
6
$
12
Gross goodwill and accumulated impairment losses were $76 million and $64 million as of December 31, 2018 and 2017, respectively. The Print Systems segment has two goodwill reporting units: Prepress Solutions and Electrophotographic Printing Solutions. The Software and Solutions segment has two goodwill reporting units: Kodak Technology Solutions and Unified Workflow Solutions. The Consumer and Film segment has two goodwill reporting units: Consumer Products and Motion Picture, Industrial Chemicals and Films. The Enterprise Inkjet Systems segment, Advanced Materials and 3D Printing segment and the Eastman Business Park segment each have one goodwill reporting unit. Based upon the results of Kodak’s December 31, 2018 annual impairment test, no impairment of goodwill is indicated. Given the decline in Kodak’s financial projections in 2017 and in its market capitalization from the 2016 goodwill impairment test, Kodak performed an interim goodwill impairment test as of September 30, 2017. Kodak utilized the discounted cash flow method and guideline public company method for the reporting units with goodwill. For these reporting units, Kodak selected equal weighting of the guideline public company method and the discounted cash flow method as the valuation approaches produced comparable ranges of fair value. Fair values for the other reporting units were estimated using the discounted cash flow method only. Based upon the results of Kodak’s September 30, 2017 analysis, Kodak concluded that the Prepress Solutions reporting unit’s carrying value exceeded its fair value and recorded a pre-tax goodwill impairment loss of $56 million in the Consolidated Statement of Operations. No impairment of goodwill was indicated for the other reporting units. The gross carrying amount and accumulated amortization by major intangible asset category as of December 31, 2018 and 2017 were as follows:
As of December 31, 2018
Gross Carrying
Accumulated
Weighted-Average
(in millions)
Amount
Amortization
Net
Amortization Period
Technology-based
$
99
$
70
$
29
6 years
Kodak trade name
25

25
Indefinite life
Customer-related
11
7
4
5 years
Other
3
1
2
20 years
Total
$
138
$
78
$
60
As of December 31, 2017
Gross Carrying
Accumulated
Weighted-Average
(in millions)
Amount
Amortization
Net
Amortization Period
Technology-based
$
99
$
60
$
39
6 years
Kodak trade name
38

38
Indefinite life
Customer-related
11
6
5
6 years
Other
3
1
2
21 years
Total
$
151
$
67
$
84
In the fourth quarter of 2018 and 2017, Kodak concluded the carrying value of the Kodak trade name exceeded its fair value. Pre-tax impairment charges of $13 million and $2 million, respectively, are included in Other operating expense (income), net in the Consolidated Statement of Operations. In the third quarter of 2017, due to canceling its copper mesh touch screen program, Kodak wrote off related intangible assets with a gross carrying amount of $33 million and accumulated amortization of $21 million and recorded an impairment charge of $12 million. During the first quarter of 2017, Kodak recorded a pre-tax charge of $4 million to adjust the Prosper intangible asset carrying value to the amount that would have been recorded had the Prosper intangible assets been continuously classified as held and used. Refer to Note 15, “Other Operating Expense (Income), net” and Note 27, “Discontinued Operations”. Amortization expense related to intangible assets was $11 million and $17 million for the years ended December 31, 2018 and 2017, respectively. Estimated future amortization expense related to intangible assets that are currently being amortized as of December 31, 2018 was as follows:
(in millions)
2019
$
7
2020
6
2021
5
2022
5
2023
4
2024 and thereafter
8
Total
$
35

Note 6 - Other Long-term Assets

Note 6 - Other Long-term Assets12 Months Ended
Dec. 31, 2018
Other Assets Noncurrent Disclosure [Abstract]
Other Long-term Assets [Text Block]NOTE 6: OTHER LONG-TERM ASSETS
As of December 31,
(in millions)
2018
2017
Pension assets
$
82
$
43
Estimated workers' compensation recoveries
17
22
Long-term receivables, net of allowance of $4 million and $4 million
13
15
Other
32
33
Total
$
144
$
113

Note 7 - Other Current Liabilit

Note 7 - Other Current Liabilities12 Months Ended
Dec. 31, 2018
Other Liabilities Current [Abstract]
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]NOTE 7: OTHER CURRENT LIABILITIES
As of December 31,
(in millions)
2018
2017
Employment-related liabilities
$
42
$
45
Deferred revenue
34
29
Customer rebates
26
27
Deferred consideration on disposed businesses (1)
24
10
Workers' compensation
9
10
Restructuring liabilities
8
10
Other
70
80
Total
$
213
$
211
(1)
On September 3, 2013, Kodak consummated the sale of certain assets and the assumption of certain liabilities of the Personalized Imaging and Document Imaging Businesses (“PI/DI Businesses”) to the trustee of the U. K. pension plan (and/or its subsidiaries, collectively the “KPP Purchasing Parties”) for net cash consideration of $325 million. Up to $35 million in aggregate of the purchase price is subject to repayment if the PI/DI Business does not achieve certain annual adjusted EBITDA targets over the four-year period ending December 31, 2018. The PI/DI Business did not achieve the adjusted annual EBITDA target for 2017, 2016 or 2015. The amounts owed for 2015 and 2016 were paid in 2016 and 2017, respectively. The amount owed for 2017 of $10 million was paid in January 2019. The maximum potential payment related to the year ending December 31, 2018 of $14 million was accrued at the time of the divestiture of the business. The customer rebate amounts will potentially be settled through customer deductions applied to outstanding trade receivables in lieu of cash payments. The Other component above consists of other miscellaneous current liabilities that, individually, were less than 5% of the total current liabilities component within the Consolidated Statement of Financial Position, and therefore, have been aggregated in accordance with Regulation S-X.

Note 8 - Other Long-term Liabil

Note 8 - Other Long-term Liabilities12 Months Ended
Dec. 31, 2018
Disclosure Text Block Supplement [Abstract]
Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Noncurrent [Text Block]NOTE 8: OTHER LONG-TERM LIABILITIES
As of December 31,
(in millions)
2018
2017
Workers' compensation
$
83
$
96
Asset retirement obligations
48
43
Deferred taxes
14
16
Environmental liabilities
10
12
Deferred consideration on disposed businesses

14
Other
24
21
Total
$
179
$
202
The Other component above consists of other miscellaneous long-term liabilities that, individually, were less than 5% of the total liabilities component in the accompanying Consolidated Statement of Financial Position, and therefore, have been aggregated in accordance with Regulation S-X.

Note 9 - Debt And Capital Lease

Note 9 - Debt And Capital Leases12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]
Debt and Capital Leases Disclosures [Text Block]NOTE 9: DEBT AND CAPITAL LEASES Debt and capital leases and related maturities and interest rates were as follows at December 31, 2018 and 2017 (in millions):
As of December 31,
2018
2017
(in millions)
Type
Maturity
Weighted-Average Effective Interest Rate
Carrying Value
Carrying Value
Current portion:
Term note
8.84%
$
394
$

Capital leases
Various
2
3
Other debt
Various

1
396
4
Non-current portion:
Term note
2019
8.84%

393
Capital leases
Various
Various
3
4
Other debt
Various
Various
2
2
5
399
$
401
$
403
Annual maturities of debt and capital leases outstanding at December 31, 2018, were as follows (in millions):
(in millions)
Carrying Value
Maturity Value
2019
$
396
$
397
2020
1
1
2021
1
1
2022
1
1
2023


2024 and thereafter
2
2
Total
$
401
$
402
On September 3, 2013, the Company entered into (i) a Senior Secured First Lien Term Credit Agreement (the “Term Credit Agreement”) with the lenders party thereto (the “First Lien Lenders”), JPMorgan Chase Bank, N.A. as administrative agent, and J.P. Morgan Securities LLC, Barclays Bank PLC, and Merrill Lynch, Pierce, Fenner & Smith Inc. as joint lead arrangers and joint bookrunners, and (ii) a Senior Secured Second Lien Term Credit Agreement (the “Second Lien Term Credit Agreement,” and together with the Term Credit Agreement, the “Term Credit Agreements”), with the lenders party thereto (the “Second Lien Lenders,” and together with the First Lien Lenders, the “Term Credit Lenders”), Barclays Bank PLC as administrative agent, and J.P. Morgan Securities LLC, Barclays Bank PLC and Merrill Lynch, Pierce, Fenner & Smith Inc. as joint lead arrangers and joint bookrunners. Additionally, the Company and its U.S. subsidiaries (the “Subsidiary Guarantors”) entered into an Asset Based Revolving Credit Agreement (the “ABL Credit Agreement” and together with the Term Credit Agreements, the “Credit Agreements”) with the lenders party thereto (the “ABL Lenders” and together with the First Lien Lenders and the Second Lien Lenders, the “Lenders”) and Bank of America N.A. as administrative agent and collateral agent, Barclays Bank PLC as syndication agent and Merrill Lynch, Pierce, Fenner & Smith Inc., Barclays Bank PLC and J.P. Morgan Securities LLC as joint lead arrangers and joint bookrunners. Pursuant to the terms of the Credit Agreements, the Term Credit Lenders provided the Company with term loan facilities in an aggregate principal amount of $695 million, consisting of $420 million of first-lien term loans (the “First Lien Loans”) and $275 million of second-lien term loans (the “Second Lien Loans”). Net proceeds from the Term Credit Agreements were $664 million ($695 million aggregate principal less $15 million stated discount and $16 million in debt transaction costs). The loans made under the Term Credit Agreement become due on the earlier to occur of (i) the maturity date of September 3, 2019 or (ii) the acceleration of such loans following the occurrence of an event of default (as defined in the Term Credit Agreement). The Second Lien Term Credit Agreement was prepaid and terminated on November 15, 2016 using the proceeds from the sale of Series A Preferred Stock together with cash on hand. The Credit Agreements limit, among other things, the Company’s and the Subsidiary Guarantors’ ability to (i) incur indebtedness, (ii) incur or create liens, (iii) dispose of assets, (iv) make restricted payments (including dividend payments, et al.) and (v) make investments. In addition to other customary affirmative covenants, the Credit Agreements provide for a periodic delivery by the Company of its various financial statements as set forth in the Credit Agreements. Events of default under the Credit Agreements include, among others, failure to pay any loan, interest or other amount due under the applicable credit agreement, breach of specific covenants and a change of control of the Company. Upon an event of default, the applicable lenders may declare the outstanding obligations under the applicable credit agreement to be immediately due and payable and exercise other rights and remedies provided for in such Credit Agreements. The First Lien Loans bear interest at the rate of LIBOR plus 6.25% per annum, with a LIBOR floor of 1% or Alternate Base Rate (as defined in the Term Credit Agreement) plus 5.25%. Under the ABL Credit Agreement, the ABL Loans bore interest at the rate of LIBOR plus 2.75%-3.25% per annum or Base Rate (as defined in the ABL Credit Agreement) plus 1.75%-2.25% per annum, based on Excess Availability (as defined in the ABL Credit Agreement) until the ABL Credit Agreement was amended as discussed below. Each existing and future direct or indirect U.S. subsidiary of the Company (other than immaterial subsidiaries, unrestricted subsidiaries and certain other subsidiaries) have agreed to provide unconditional guarantees of the obligations of the Company under the Credit Agreements. Subject to certain exceptions, obligations under the Term Credit Agreement are secured by: (i) a first lien on all assets of the Company and the Subsidiary Guarantors, other than the ABL Collateral (as defined below), including a first lien on 100% of the stock of material domestic subsidiaries and 65% of the stock of material first-tier foreign subsidiaries (collectively the “Term Collateral”) and (ii) a second lien on the ABL Collateral. Obligations under the Asset Based Revolving Credit Agreement are secured by: (i) a first lien on cash, accounts receivable, inventory, machinery and equipment (the “ABL Collateral”) and (ii) a second lien on the Term Collateral. The aggregate carrying value of the Term Collateral and ABL Collateral as of December 31, 2018 and 2017 was $1,310 million and $1,385 million, respectively. The Company may voluntarily prepay the First Lien Loans. As defined in the Term Credit Agreement, the Company is required to prepay loans with net proceeds from asset sales, recovery events or issuance of indebtedness, subject to, in the case of net proceeds received from asset sales or recovery events, reinvestment rights by the Company in assets used or usable by the business within certain time limits. On October 2, 2017, Kodak prepaid $6 million of principal under the Term Credit Agreement from proceeds from a royalty payment. On July 7, 2016, Kodak prepaid $5 million of principal under the Term Credit Agreement from proceeds received from the sale of a business. Under the terms of the Term Credit Agreement, the prepayments were applied first to the installment principal payments of $4 million due over the next twelve months, then ratably to the remaining scheduled payments. With the prepayments, Kodak does not owe any future scheduled principal payments until the maturity date of the loan. On an annual basis, the Company will prepay on June 30 of the following fiscal year loans in an amount equal to a percentage of Excess Cash Flow (“ECF”) as defined in the Term Credit Agreement, provided no such prepayment is required if such prepayment would cause U.S. liquidity (as defined in the Term Credit Agreement) to be less than $100 million or the Secured Leverage ratio is less than 2.25 to 1.00. For the years ended December 31, 2018 and 2017, ECF was a negative amount. Under the Term Credit Agreement, the Company is required to maintain a Secured Leverage Ratio (as defined therein) not to exceed specified levels. The Secured Leverage Ratio under the Term Credit Agreement is tested at the end of each quarter based on the prior four quarters. The maximum Secured Leverage Ratio permitted under the Term Credit Agreement declined on June 30, 2015 from 3.75:1 to 3.25:1 and further declined on December 31, 2015 from 3.25:1 to 2.75:1, with no further adjustments for the remainder of the agreement. Under the terms of the Credit Agreements, the Company may designate Restricted Subsidiaries as Unrestricted Subsidiaries provided the aggregate sales of all Unrestricted Subsidiaries are less than 7.5% of the consolidated sales of Kodak and the aggregate assets of all Unrestricted Subsidiaries are less than 7.5% of Kodak’s consolidated assets. Further, under the ABL Credit Agreement, on a pro forma basis at the time of designation and immediately after giving effect thereto, Excess Availability must be at least $30 million and the pro forma Fixed Charge Coverage Ratio must be no less than 1.0 to 1.0. Upon designation of Unrestricted Subsidiaries, the Company is required to provide to the Lenders reconciling statements to eliminate all financial information pertaining to Unrestricted Subsidiaries which is included in its annual and quarterly financial statements. In March 2018, the Company designated five subsidiaries as Unrestricted Subsidiaries, Kodak PE Tech, LLC, Kodak LB Tech, LLC, Kodak Realty, Inc., Kodakit Singapore Pte. Limited and KP Services (Jersey) Ltd. This action allowed the Company to better position assets which may be monetized in the future and address costs related to underutilized properties. Collectively, these subsidiaries have sales of approximately $12 million for the year ended December 31, 2018 and assets of $21 million as of December 31, 2018, which represent 1% and 1%, respectively, of Kodak’s consolidated sales for the year ended December 31, 2018 and consolidated assets as of December 31, 2018. Each of the capitalized but undefined terms has the meaning ascribed to such term in the Credit Agreements. EBITDA of the Unrestricted Subsidiaries, as calculated under the Term Credit Agreement and the ABL Credit Agreement, is a loss and is excluded from the calculation of the Secured Leverage Ratio. Therefore, designating these Subsidiaries as Unrestricted had the impact of improving the Secured Leverage Ratio. Kodak intends to conduct its operations in a manner that will result in continued compliance with the secured leverage ratio covenant; however, future compliance may depend on Kodak undertaking one or more actions, such as the repatriation of cash into the U.S., the management of operating cash outflows, the designation of subsidiaries as Unrestricted Subsidiaries, a monetization of assets, a debt refinancing, the raising of equity capital, or a similar transaction. See also the Going Concern subsection of Note 1, “Basis of Presentation and Recent Accounting Pronouncements”. ABL Credit Agreement On May 26, 2016, the Company and certain of its domestic subsidiaries (the “Subsidiary Guarantors”) entered into an Amended and Restated Credit Agreement (the “ABL Credit Agreement”) with the lenders party thereto (the “Lenders”), Bank of America, N.A., as administrative and collateral agent, and Bank of America, N.A. and JPMorgan Chase Bank, N.A., as joint lead arrangers and joint bookrunners, which amended and restated the existing Asset Based Revolving Credit Agreement, dated as of September 3, 2013 (the “Prior Credit Agreement”). Each of the capitalized but undefined terms used in the context of describing the ABL Credit Agreement has the meaning ascribed to such term in the ABL Credit Agreement. The ABL Credit Agreement decreased the aggregate amount of commitments from $200 million to $150 million and extended the maturity date to the earlier of May 26, 2021 or the date that is 90 days prior to the earliest scheduled maturity date of any of the Company’s outstanding term loans or refinancings thereof, of which the earliest maturity date is currently September 3, 2019. The ABL Credit Agreement, among other things, lowered reserve requirements by eliminating the Availability Block and removed the ability to use Qualified Cash to support Excess Availability. Each existing direct or indirect U.S. subsidiary of the Company (other than Immaterial Subsidiaries, Unrestricted Subsidiaries and certain other subsidiaries) has reaffirmed its unconditional guarantee (and any such future subsidiaries must provide an unconditional guarantee) of the obligations of the Company under the ABL Credit Agreement. The Lenders will make available asset-based revolving loans (the “ABL Loans”) and letters of credit in an aggregate amount of up to $150 million, subject to the Borrowing Base. The Company has issued approximately $85 million and $96 million of letters of credit under the ABL Credit Agreement as of December 31, 2018 and 2017. The Company had approximately $19 million and $20 million of Excess Availability under the ABL Credit Agreement as of December 31, 2018 and 2017. Availability is subject to the borrowing base calculation, reserves and other limitations. The ABL Loans bear interest at the rate of LIBOR plus 2.25% - 2.75% per annum or Base Rate plus 1.25% - 1.75% per annum based on Excess Availability. Excess Availability is equal to the sum of (i) 85% of the amount of the Eligible Receivables less a Dilution Reserve, (ii) the lesser of 85% of Net Orderly Liquidation Value or 75% of the Eligible Inventory (iii) the lesser of 75% of Orderly Liquidation Value of Eligible Equipment or $11 million, as of December 31, 2018 (which $11 million decreases by $1 million per quarter) and (iv) Eligible Cash less (a) Rent and Charges Reserves, (b) Principal Outstanding and (c) Outstanding Letters of Credit. Under the ABL Credit Agreement, Kodak is required to maintain a minimum Fixed Charge Coverage Ratio of 1.00 to 1.00 when Excess Availability is less than 12.5% of lender commitments. As of December 31, 2018 and 2017 12.5% of lender commitments were $18.75 million. If Excess Availability falls below 12.5% of lender commitments, Kodak may, in addition to the requirement to be in compliance with the minimum Fixed Charge Coverage Ratio, become subject to cash dominion control. Since Excess Availability was greater than 12.5% of lender commitments at December 31, 2017, Kodak is not required to have a minimum Fixed Charges Coverage Ratio of 1.0 to 1.0. As of December 31, 2018 and 2017, Kodak had funded $3 million and $6 million, respectively, to the Eligible Cash account, held with the ABL Credit Agreement Administrative Agent, which is classified as Restricted cash in the Consolidated Statement of Financial Position. Reporting requirements under the Term Credit Agreement require the Company to provide annual audited financial statements accompanied by an opinion of an independent public accountant without a “going concern” or like qualification or exception and without any qualification or exception as to the scope of such audit or other material qualification or exception, except for any such qualification or exception with respect to any indebtedness maturing within 364 days after the date of such financial statements. Lenders may take the position that the going concern explanatory paragraph contained in the audit report on the Company’s financial statements as of and for the year ended December 31, 2018 does not satisfy the requirements under the Term Credit Agreement. Under the Term Credit Agreement, if notice of a failure to comply with the reporting covenant is given to the Company by the lenders, an event of default would occur thereunder if such failure is not cured within thirty days after such notice is given, unless such event of default is waived by the requisite lenders. In the event of default, the debt could become immediately due. The Company’s ABL Credit Agreement contains an opinion delivery requirement that corresponds to the requirement under the Term Credit Agreement, although under the ABL Credit Agreement there is an additional requirement that the opinion be reasonably acceptable to the agent under the ABL Credit Agreement. On March 31, 2019 the Company obtained a waiver from the agent and lenders under the ABL Credit Agreement with respect to any event of default under the reporting covenant that may be deemed to occur in relation to the going concern explanatory paragraph in the audit report. The Company intends to repay the Term Credit Agreement using proceeds from the sale of the Flexographic Packaging segment and to amend and restate or refinance the Term Credit Agreement prior to the maturity of the Term Credit Agreement or ABL Credit Agreement and prior to the date on which any event of default would occur under the Term Credit Agreement.

Note 10 - Redeemable, Convertib

Note 10 - Redeemable, Convertible Series A Preferred Stock12 Months Ended
Dec. 31, 2018
Temporary Equity Disclosure [Abstract]
Redeemable, Convertible Series A Preferred Stock [Text Block]NOTE 10: REDEEMABLE, CONVERTIBLE SERIES A PREFERRED STOCK On November 15, 2016, the Company issued 2,000,000 shares of 5.50% Series A Convertible Preferred Stock, no par value per share (the “Series A Preferred Stock”), for an aggregate purchase price of $200 million, or $100 per share pursuant to a Series A Preferred Stock Purchase Agreement (the “Purchase Agreement”) with Southeastern Asset Management, Inc. (“Southeastern”) and Longleaf Partners Small-Cap Fund, C2W Partners Master Fund Limited and Deseret Mutual Pension Trust, which are investment funds managed by Southeastern (such investment funds, collectively, the “Purchasers”), dated November 7, 2016. The Company received net proceeds of $198 million after issuance costs. The Company has classified the Series A Preferred Stock as temporary equity in the Consolidated Statement of Financial Position. Dividend and Other Rights On November 14, 2016, the Company filed with the Department of Treasury of the State of New Jersey a Certificate of Amendment to the Second Amended and Restated Certificate of Incorporation of the Company (the “Certificate of Designations”) which established the designation, number of shares, rights, preferences and limitations of the Series A Preferred Stock which became effective upon filing. The Series A Preferred Stock ranks senior to the Company’s common stock (“Common Stock”) with respect to dividend rights and rights on liquidation, winding-up and dissolution. The Series A Preferred Stock has a liquidation preference of $100 per share, and the holders of Series A Preferred Stock are entitled to cumulative dividends payable quarterly in cash at a rate of 5.50% per annum. Until the third quarter of 2018 all dividends owed on the Series A Preferred Stock were declared and paid when due. No quarterly dividend was declared in the third or fourth quarters of 2018. Holders of Series A Preferred Stock are entitled to vote together with the holders of the Common Stock as a single class, in each case, on an as-converted basis, except where a separate class vote is required by law. Holders of Series A Preferred Stock have certain limited special approval rights, including with respect to the issuance of pari passu or senior equity securities of the Company. The Purchasers have the right to nominate members to the Company’s board of directors proportional to their ownership on an as converted basis, which initially allows the Purchasers to nominate two members to the board. If dividends on any Series A Preferred Stock are in arrears for six or more consecutive or non-consecutive dividend periods, the holders of Series A Preferred Stock, voting with holders of all other preferred stock of the Company whose voting rights are then exercisable, will be entitled to vote for the election of two additional directors in the next annual meeting and all subsequent meetings until all accumulated dividends on such Series A Preferred Stock and other voting preferred stock have been paid or set aside. The nomination right of the Purchasers will be reduced by two nominees at any time the holders of Series A Preferred Stock have the right to elect, or participate in the election of, two additional directors. Two of the directors on the Company’s current board of directors were nominated by the Purchasers. Conversion Feature s Each share of Series A Preferred Stock is convertible, at the option of each holder at any time, into shares of Common Stock at the initial conversion rate of 5.7471 (equivalent to an initial conversion price of $17.40 per share of Common Stock). If a holder elects to convert any shares of Series A Preferred Stock during a specified period in connection with a fundamental change (as defined in the Certificate of Designations), the conversion rate will be adjusted under certain circumstances and such holder will also be entitled to a payment in respect of accumulated dividends. If a holder elects to convert any shares of Series A Preferred Stock during a specified period following a reorganization event (as defined in the Certificate of Designations), such holder can elect to have the conversion rate adjusted. In addition, the Company will have the right to require holders to convert any shares of Series A Preferred Stock in connection with certain reorganization events, in which case the conversion rate will be adjusted under certain circumstances. If shares of Series A Preferred Stock are not converted in connection with a reorganization event, such shares will become convertible into the exchanged property from the reorganization event. The Company will have the right to convert Series A Preferred Stock into Common Stock at any time after the second anniversary of the initial issuance, if the closing price of the Common Stock has equaled or exceeded 125 percent of the then-effective conversion price for 45 trading days within a period of 60 consecutive trading days, with the last trading day of such 60 day period ending on the trading day immediately preceding the business day on which the Company issues a press release announcing the mandatory conversion. The initial conversion rate and the corresponding conversion price are subject to customary anti-dilution adjustments as well as an adjustment if the Company is obligated to make a cash payment under the settlement agreement relating to the remediation of historical environmental liabilities at EBP, as discussed in Note 12, “Guarantees”. The Company concluded that the Series A Preferred Stock is considered more akin to a debt-type instrument and that the economic characteristics and risks of the embedded conversion features, except where the conversion price is increased to the liquidation preference, were not considered clearly and closely related to the Series A Preferred Stock. Accordingly, these embedded conversion features were bifurcated from the Series A Preferred Stock and separately accounted for on a combined basis at fair value as a single derivative. The Company allocated $43 million of the net proceeds received to the derivative liability based on the aggregate fair value of the embedded conversion features on the date of issuance which reduced the original carrying value of the Series A Preferred Stock. The derivative is being accounted for at fair value with subsequent changes in the fair value being reported as part of Other (income) charges, net in the Consolidated Statement of Operations. The fair value of the derivative as of December 31, 2018 and 2017 was an asset of $4 million and is included within Other long-term assets in the accompanying Consolidated Statement of Financial Position. Refer to Note 13, “Financial Instruments” for information on the valuation of the derivative. The carrying value of the Series A Preferred Stock at the time of issuance, $155 million ($200 million aggregate gross proceeds less $43 million allocated to the derivative liability and $2 million in transaction costs) is being accreted to the mandatory redemption amount using the effective interest method to Additional paid in capital in the Consolidated Statement of Financial Position as a deemed dividend from the date of issuance through the mandatory redemption date, November 15, 2021. Redemption Features If any shares of Series A Preferred Stock have not been converted prior to the fifth anniversary of the initial issuance of the Series A Preferred Stock, the Company is required to redeem such shares at $100 per share plus the amount of accrued and unpaid dividends. As the Company concluded that the Series A Preferred Stock is considered more akin to a debt-type instrument, the redemption feature is considered to be clearly and closely related to the host contract and therefore was not required to be separated from the Series A Preferred Stock. Series A Registration Rights Agreement On November 15, 2016, the Company, Southeastern and the Purchasers entered into a Registration Rights Agreement (the “Series A Registration Rights Agreement”), pursuant to which the Company agreed to register under the Securities Act and take certain actions with respect to the offer and sale by the Purchasers of shares of Series A Preferred Stock purchased by the Purchasers and shares of Common Stock issuable upon conversion of the Series A Preferred Stock and issuable pursuant to the terms of the Series A Preferred Stock (the “Series A registrable securities”). Pursuant to the Registration Rights Agreement, the Company has filed with the SEC a shelf registration statement on Form S-3 that relates to the resale of the Series A registrable securities and such registration statement has been declared effective by the SEC. Upon the written demand of the relevant Purchaser(s), the Company will facilitate a “takedown” of Series A registrable securities off of the registration statement but the Purchaser(s) may not, individually or collectively, make more than four demands in the aggregate. Any demand for an underwritten offering of Series A Preferred Stock must have an aggregate market value (based on the most recent closing price of the Common Stock into which the Series A Preferred Stock is convertible at the time of the demand) of at least $75 million.

Note 11 - Commitments and Conti

Note 11 - Commitments and Contingencies12 Months Ended
Dec. 31, 2018
Disclosure Text Block [Abstract]
Commitments and Contingencies Disclosure [Text Block]NOTE 11: COMMITMENTS AND CONTINGENCIES Asset Retirement Obligations Kodak’s asset retirement obligations primarily relate to asbestos contained in buildings that Kodak owns. In many of the countries in which Kodak operates, environmental regulations exist that require Kodak to handle and dispose of asbestos in a special manner if a building undergoes major renovations or is demolished. Otherwise, Kodak is not required to remove the asbestos from its buildings. Kodak records a liability equal to the estimated fair value of its obligation to perform asset retirement activities related to the asbestos, computed using an expected present value technique, when sufficient information exists to calculate the fair value. Kodak does not have a liability recorded related to every building that contains asbestos because Kodak cannot estimate the fair value of its obligation for certain buildings due to a lack of sufficient information about the range of time over which the obligation may be settled through demolition, renovation or sale of the building. The following table provides asset retirement obligation activity (in millions):
For the Year Ended December 31,
2018
2017
Asset Retirement Obligations at start of period
$
43
$
38
Liabilities incurred in the current period
3
2
Liabilities settled in the current period
(3
)
(1
)
Accretion expense
2
1
Revision in estimated cash flows
3
3
Asset Retirement Obligations at end of period
$
48
$
43
Other Commitments and Contingencies The Company and its subsidiaries have entered into operating leases for various real estate and equipment needs. Rental expense in the years ended December 31, 2018 and 2017 amounted to $21 million and $22 million, respectively, net of sublease income of $7 million in each year. As of December 31, 2018, the Company had outstanding letters of credit of $85 million issued under the ABL Credit Agreement as well as bank guarantees and letters of credit of $3 million, surety bonds in the amount of $40 million, and restricted cash and deposits of $25 million, primarily to support compliance with the Excess Availability threshold under the ABL Credit Agreement, to ensure the payment of possible casualty and workers compensation claims, environmental liabilities, legal contingencies, rental payments, and to support various customs, hedging, tax and trade activities. The restricted cash and deposits are recorded in Restricted cash, Other current assets and Other long-term assets in the Consolidated Statement of Financial Position. Kodak’s Brazilian operations are involved in various litigation matters and have received or been the subject of numerous governmental assessments related to indirect and other taxes in various stages of litigation, as well as civil litigation and disputes associated with former employees and contract labor. The tax matters, which comprise the majority of the litigation matters, are primarily related to federal and state value-added taxes. Kodak is disputing these matters and intends to vigorously defend its position. Kodak routinely assesses all these matters as to the probability of ultimately incurring a liability in its Brazilian operations and records its best estimate of the ultimate loss in situations where it assesses the likelihood of loss as probable. As of December 31, 2018, the unreserved portion of these contingencies, inclusive of any related interest and penalties, for which there was at least a reasonable possibility that a loss may be incurred, amounted to approximately $10 million. In connection with assessments in Brazil, local regulations may require Kodak to post security for a portion of the amounts in dispute. As of December 31, 2018, Kodak has posted security composed of $5 million of pledged cash reported within Restricted cash in the Consolidated Statement of Financial Position and liens on certain Brazilian assets with a net book value of approximately $60 million. Generally, any encumbrances on the Brazilian assets would be removed to the extent the matter is resolved in Kodak's favor. Kodak is involved in various lawsuits, claims, investigations, remediations and proceedings, including, from time to time, commercial, customs, employment, environmental, tort and health and safety matters, which are being handled and defended in the ordinary course of business. Kodak is also subject, from time to time, to various assertions, claims, proceedings and requests for indemnification concerning intellectual property, including patent infringement suits involving technologies that are incorporated in a broad spectrum of Kodak’s products and claims arising out of Kodak’s licensing its brand. These matters are in various stages of investigation and litigation, and are being vigorously defended. Based on information currently available, Kodak does not believe that it is probable that the outcomes in any of these matters, individually or collectively, will have a material adverse effect on its financial condition or results of operations. Litigation is inherently unpredictable, and judgments could be rendered or settlements entered that could adversely affect Kodak’s operating results or cash flows in a particular period. Kodak routinely assesses all of its litigation and threatened litigation as to the probability of ultimately incurring a liability, and records its best estimate of the ultimate loss in situations where it assesses the likelihood of loss as probable.

Note 12 - Guarantees

Note 12 - Guarantees12 Months Ended
Dec. 31, 2018
Disclosure Text Block [Abstract]
Guarantees [Text Block]NOTE 12: GUARANTEES EKC guarantees obligations to third parties for some of its consolidated subsidiaries. The maximum amount guaranteed is $4 million and the outstanding amount for those guarantees is $1 million. In accordance with the terms of a settlement agreement concerning certain of the Company’s historical environmental liabilities at EBP, in the event the historical liabilities exceed $99 million, the Company will become liable for 50% of the portion above $99 million with no limitation to the maximum potential future payments. There is no liability recorded related to this guarantee. Indemnifications Kodak may, in certain instances, indemnify third parties when it sells businesses and real estate, and in the ordinary course of business with its customers, suppliers, service providers and business partners. Additionally, Kodak indemnifies officers and directors who are, or were, serving at Kodak’s request in such capacities. Historically, costs incurred to settle claims related to these indemnifications have not been material to Kodak’s financial position, results of operations or cash flows. Further, the fair value of any right to indemnification granted during the year ended December 31, 2018 was not material to Kodak’s financial position, results of operations or cash flows. Extended Warranty Arrangements Kodak offers its customers extended warranty arrangements that are generally one year, but may range from three months to six years after the original warranty period. Kodak provides repair services and routine maintenance under these arrangements. Kodak has not separated the extended warranty costs from the routine maintenance service costs, as it is not practicable to do so. Therefore, these costs have been aggregated in the discussion that follows. The change in Kodak's deferred revenue balance in relation to these extended warranty and maintenance arrangements, which is reflected in Other current liabilities in the accompanying Consolidated Statement of Financial Position, was as follows:
(in millions)
Deferred revenue on extended warranties as of December 31, 2016
$
23
New extended warranty and maintenance arrangements
123
Recognition of extended warranty and maintenance arrangement revenue
(124
)
Deferred revenue on extended warranties as of December 31, 2017
22
New extended warranty and maintenance arrangements
105
Recognition of extended warranty and maintenance arrangement revenue
(105
)
Deferred revenue on extended warranties as of December 31, 2018
$
22
Costs incurred under these extended warranty and maintenance arrangements for the years ended December 31, 2018 and 2017 amounted to $113 million and $114 million, respectively.

Note 13 - Financial Instruments

Note 13 - Financial Instruments12 Months Ended
Dec. 31, 2018
Disclosure Text Block [Abstract]
Fair Value Disclosures [Text Block]NOTE 13: FINANCIAL INSTRUMENTS Kodak, as a result of its global operating and financing activities, is exposed to changes in foreign currency exchange rates and interest rates, which may adversely affect its results of operations and financial position. Kodak manages such exposures, in part, with derivative financial instruments. Foreign currency forward contracts are used to mitigate currency risk related to foreign currency denominated assets and liabilities, as well as forecasted foreign currency denominated intercompany assets. Kodak’s exposure to changes in interest rates results from its investing and borrowing activities used to meet its liquidity needs. Kodak does not utilize financial instruments for trading or other speculative purposes. Kodak’s foreign currency forward contracts are not designated as hedges and are marked to market through net earnings (loss) at the same time that the exposed assets and liabilities are re-measured through net earnings (loss) (both in Other (income) charges, net in the Consolidated Statement of Operations). The notional amount of such contracts open at December 31, 2018 and 2017 was approximately $415 million and $534 million, respectively. The majority of the contracts of this type held by Kodak at December 31, 2018 were denominated in euros, Japanese yen, Chinese renminbi and Swiss francs. The majority of the contracts of this type held by Kodak at December 31, 2017 were denominated in Swiss francs and euros. The net effect of foreign currency forward contracts in the results of operations is shown in the following table:
Year Ended December 31,
(in millions)
2018
2017
Net loss from derivatives not designated as hedging instruments
$
10
$
10
Kodak had no derivatives designated as hedging instruments for the years ended December 31, 2018 and 2017. Kodak’s derivative counterparties are high-quality investment or commercial banks with significant experience with such instruments. Kodak manages exposure to counterparty credit risk by requiring specific minimum credit standards and diversification of counterparties. Kodak has procedures to monitor the credit exposure amounts. The maximum credit exposure at December 31, 2018 was not significant to Kodak. In the event of a default under the Company’s Credit Agreements, or a default under any derivative contract or similar obligation of Kodak, subject to certain minimum thresholds, the derivative counterparties would have the right, although not the obligation, to require immediate settlement of some or all open derivative contracts at their then-current fair value, but with liability positions netted against asset positions with the same counterparty. As discussed in Note 10, “Redeemable, Convertible, Series A Preferred Stock”, Kodak concluded that the Series A Preferred Stock is considered more akin to a debt-type instrument and that the economic characteristics and risks of the embedded conversion features, except where the conversion price was increased to the liquidation preference, were not considered clearly and closely related to the Series A Preferred Stock. The embedded conversion features not considered clearly and closely related are the conversion at the option of the holder; the ability of Kodak to automatically convert the stock after the second anniversary of issuance and the conversion in the event of a fundamental change or reorganization. Accordingly, these embedded conversion features were bifurcated from the Series A Preferred Stock and separately accounted for on a combined basis as a single derivative asset or liability which is reported in Other long-term assets in the Consolidated Statement of Financial Position as of December 31, 2018 and 2017. The derivative is being accounted for at fair value with changes in fair value being reported in Other (income) charges, net in the Consolidated Statement of Operations. Fair Value Fair values of Kodak’s foreign currency forward contracts are determined using observable inputs (Level 2 fair value measurements) and are based on the present value of expected future cash flows (an income approach valuation technique) considering the risks involved and using discount rates appropriate for the duration of the contracts. The gross fair value of foreign currency forward contracts in an asset position are reported in Other current assets in the Consolidated Statement of Financial Position and the gross fair value of foreign currency contracts in a liability position are reported in Other current liabilities. The gross fair value of foreign currency forward contracts in an asset position as of December 31, 2018 and 2017 was $3 million and $7 million, respectively. The gross fair value of the foreign currency forward contracts in a liability position as of December 31, 2018 and 2017 were $1 million in each year. The fair value of the Series A Preferred Stock embedded conversion features derivative is calculated using unobservable inputs (Level 3 fair measurements). The value is calculated using a binomial lattice model. The following table presents the key inputs in the determination of fair value at December 31, 2018 and 2017:
Valuation Date
(in millions)
For the Year Ended December 31,
2018
2017
Total value of embedded derivative asset
$
4
$
4
Kodak's closing stock price
2.55
3.10
Expected stock price volatility
95.55
%
58.22
%
Risk free rate
2.46
%
2.08
%
Yield on the preferred stock
23.77
%
22.31
% The Fundamental Change and Reorganization Conversion value at issuance was calculated as the difference between the total value of the Series A Preferred Stock and the sum of the net present value of the cash flows if the Series A Preferred Stock is redeemed on its fifth anniversary and the values of the other embedded derivatives. The Fundamental Change and Reorganization Conversion value reduces the value of the embedded conversion features derivative liability. The Fundamental Change and Reorganization Conversion value exceeded the value of the embedded conversion features derivative liability at December 31, 2018 and 2017 resulting in the derivative being reported as an asset. The fair values of long-term borrowings were $5 million and $348 million at December 31, 2018 and 2017, respectively. Fair values of long-term borrowings (Level 2 fair value measurements) are determined by reference to quoted market prices, if available, or by pricing models based on the value of related cash flows discounted at current market interest rates. At December 31, 2018, the fair value of current portion of long-term borrowings was also determined by reference to quoted market prices of similar instruments, if available, or by pricing models based on the value of related cash flows discounted at current market interest rates. The fair value of the current portion of long-term borrowings was $378 million at December 31, 2018. Transfers between levels of the fair value hierarchy are recognized based on the actual date of the event or change in circumstances that caused the transfer. There were no transfers between levels of the fair value hierarchy during the year ended December 31, 2018. The carrying values of cash and cash equivalents and restricted cash approximate their fair values. In addition, the fair value of the current portion of long-term borrowings approximated its fair value at December 31, 2017.

Note 14 - Revenue

Note 14 - Revenue12 Months Ended
Dec. 31, 2018
Revenue From Contract With Customer [Abstract]
Revenue [Text Block]NOTE 14: REVENUE Disaggregation of Revenue The following tables present revenue disaggregated by major product, portfolio summary and geography. Major product:
Year Ended
December 31, 2018
Print Systems
Enterprise Inkjet Systems
Software & Solutions
Consumer & Film
Advanced Materials and 3D Printing Technology
Eastman Business Park
Total
Plates, inks and other consumables
$
685
$
32
$

$
16
$

$

$
733
Ongoing service arrangements (1)
132
79
48
3


262
Total Annuities
817
111
48
19


995
Equipment & Software
78
25
17



120
Film and chemicals



159


159
Other (2)


19
11
4
17
51
Total
$
895
$
136
$
84
$
189
$
4
$
17
$
1,325
(1)
Service revenue in the Consolidated Statement of Operations includes the ongoing service revenue shown above as well as revenue from project-based document management and managed print services businesses, which is included in Other above.
(2)
Other includes revenue from professional services, non-recurring engineering services, print and managed media services, tenant rent and related property management services and licensing. Product Portfolio Summary:
Year Ended
December 31, 2018
Print Systems
Enterprise Inkjet Systems
Software & Solutions
Consumer & Film
Advanced Materials and 3D Printing Technology
Eastman Business Park
Total
Growth engines (1)
$
159
$
84
$
84
$
11
$
3
$

$
341
Strategic other businesses (2)
700


162
1
17
880
Planned declining businesses (3)
36
52

16


104
$
895
$
136
$
84
$
189
$
4
$
17
$
1,325
(1)
Growth engines consist of Sonora, PROSPER, Software and Solutions, AM3D, excluding intellectual property (IP) licensing, and brand licensing.
(2)
Strategic Other Businesses include plates, Computer to Plate (“CTP”) and related service, and Nexpress and related toner business in the Print Systems segment, Motion Picture and Industrial Film and Chemicals in the Consumer and Film segment, Eastman Business Park and IP licensing.
(3)
Planned Declining Businesses are product lines where the decision has been made to stop new product development and manage an orderly expected decline in the installed product and annuity base. These product families consist of Consumer Inkjet in the Consumer and Film segment, Versamark in the Enterprise Inkjet Systems segment and Digimaster in the Print Systems segment. Geography (1)
Year Ended
December 31, 2018
Print Systems
Enterprise Inkjet Systems
Software & Solutions
Consumer & Film
Advanced Materials and 3D Printing Technology
Eastman Business Park
Total
United States
$
234
$
45
$
29
$
125
$
4
$
17
$
454
Canada
13
1
4
3


21
North America
247
46
33
128
4
17
475
Europe, Middle East and Africa
367
56
22
20


465
Asia Pacific
226
31
25
41


323
Latin America
55
3
4



62
Total Sales
$
895
$
136
$
84
$
189
$
4
$
17
$
1,325
(1)
Sales are reported in the geographic area in which they originate. No non-U.S. country generated more than 10% of net sales in the year ended December 31, 2018. Contract Balances The timing of revenue recognition, billings and cash collections results in billed trade receivables, unbilled receivables (contract assets), and customer advances and deposits (contract liabilities) in the Consolidated Statement of Financial Position. The contract assets are transferred to trade receivables when the rights to consideration become unconditional. The amounts recorded for contract assets at December 31, 2018 and 2017 were $3 million and $2 million, respectively, and are reported in Other current assets and Trade receivables, respectively, in the Consolidated Statement of Financial Position. The contract liabilities primarily relate to prepaid service contracts, upfront payments for certain equipment purchases or prepaid royalties on intellectual property arrangements. The amounts recorded for contract liabilities at December 31, 2018 and 2017 were $48 million and $35 million, respectively, of which $42 million and $35 million, respectively, are reported in Other current liabilities and $6 million and $0 million, respectively, are reported in Other long-term liabilities in the Consolidated Statement of Financial Position. Revenue recognized for the twelve months ended December 31, 2018 that was included in the contract liability balance at the beginning of the year was $34 million and primarily represented revenue from prepaid service contracts and equipment revenue recognition. Contract liabilities as of December 31, 2018 include $36 million of cash payments received during the twelve months ended December 31, 2018.

Note 15 - Other Operating Expen

Note 15 - Other Operating Expense (Income), Net12 Months Ended
Dec. 31, 2018
Disclosure Text Block [Abstract]
Other Operating Expense (Income) [Text Block]NOTE 15: OTHER OPERATING EXPENSE (INCOME), NET
Year Ended December 31,
(in millions)
2018
2017
Expense (income):
Korea withholding tax refund (1)
$
16
$

Gains related to the sales of assets
(13
)
(8
)
Legal reserve changes
(6
)

Asset impairments (2) (3) (4)
13
24
Prosper asset remeasurement (5)

12
Other
(1
)

Total
$
9
$
28
(1)
Refer to Note 17, “Income Taxes”, section, “IRS and Korean National Tax Service Agreement”.
(2)
In the fourth quarter of 2018, Kodak recorded an impairment charge of $13 million related to the Kodak trade name. Refer to Note 5, “Goodwill and Other Intangible Assets.”
(3)
In the fourth quarter of 2017, Kodak recorded an impairment charge of $2 million related to the Kodak trade name. Refer to Note 5, “Goodwill and Other Intangible Assets.”
(4)
In the third quarter of 2017, due to canceling its copper mesh touch screen program, Kodak concluded that the carrying value of property, plant and equipment (PP&E) and intangible assets associated with those operations exceeded their fair value. Kodak recorded pre-tax impairment charges in the three months ended September 30, 2017 of $8 million related to the PP&E and $12 million for the intangible assets.
(5)
In the first quarter of 2017, Kodak reduced the carrying value of Prosper fixed assets ($8 million) and intangible assets ($4 million) to the amount that would have been recorded if the Prosper assets, which were previously presented as held for sale, had been continuously classified as held and used.

Note 16 - Other (Income) Charge

Note 16 - Other (Income) Charges, Net12 Months Ended
Dec. 31, 2018
Disclosure Text Block [Abstract]
Other Nonoperating Income and Expense [Text Block]NOTE 16: OTHER (INCOME) CHARGES, NET
Year Ended December 31,
(in millions)
2018
2017
Loss on foreign exchange transactions
$
16
$
9
Change in fair value of embedded conversion features derivative (1)

(47
)
Interest income

(4
)
Other
1
5
Total
$
17
$
(37
)
(1)
Refer to Note 13, “Financial Instruments”.

Note 17 - Income Taxes

Note 17 - Income Taxes12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]NOTE 17: INCOME TAXES The 2017 Tax Act was enacted on December 22, 2017. The 2017 Tax Act reduced the U.S. federal corporate income tax rate to 21 percent from 35 percent, required companies to pay a one-time transition tax on earnings of certain foreign subsidiaries that were previously tax deferred and created new taxes on certain foreign-sourced earnings. In 2017 and through December 22, 2018, Kodak recorded provisional amounts for certain enactment-date effects of the 2017 Tax Act because it had not yet completed the enactment-date accounting for these effects. Kodak recorded the following impacts: Reduction of the U.S. Corporate Income Tax Rate Kodak’s deferred tax assets and liabilities were remeasured to reflect the reduction in the U.S. corporate income tax rate from 35 percent to 21 percent, resulting in a $202 million decrease in the Kodak’s net deferred tax assets for the year ended December 31, 2017. This reduction in deferred tax assets was mainly offset by Kodak’s U.S. valuation allowance except for the impact on deferred tax liabilities related to the goodwill and the Kodak tradename, which resulted in a benefit of approximately $7 million. An adjustment made to the provisional amount allowed under SAB 118 was identified and recorded as a discrete adjustment during the year ended December 31, 2018 and was immaterial. Transition Tax on Foreign Earnings Kodak recognized a provisional income tax expense of $14 million for the year ended December 31, 2017 related to the one-time transition tax on certain foreign earnings which will be offset by the utilization of foreign tax credits. Upon further analysis of the 2017 Tax Act, Notices and Regulations issued and proposed by the U.S. Department of the Treasury and the Internal Revenue Service, Kodak finalized its calculations of the transition tax liability in the year ended December 31, 2018 resulting in no net tax provision. The SEC staff issued SAB 118 to address the application of U.S. GAAP in situations when a registrant does not have the necessary information available, prepared, or analyzed (including computations) in reasonable detail to complete the accounting for certain income tax effects of the 2017 Tax Act. Kodak recognized the provisional tax impacts related to deemed repatriated earnings and the re-measurement of deferred tax assets and liabilities to the extent needed and included these amounts in its consolidated financial statements through December 22, 2018, the end of the measurement period for purposes of SAB 118. Kodak completed its analysis based on legislative updates relating to the 2017 Tax Act available by the end of 2018 resulting in adjustments which were fully offset by Kodak’s U.S. valuation allowance, resulting in no net tax provision or (benefit). The components of Loss from continuing operations before income taxes and the related benefit for U.S. and other income taxes were as follows (in millions):
Year Ended December 31,
2018
2017
(Loss) earnings from continuing operations before income taxes:
U.S.
$
(46
)
$
(59
)
Outside the U.S.
33
33
Total
$
(13
)
$
(26
)
U.S. income taxes:
Current (benefit) provision
$
(30
)
$
1
Deferred provision (benefit)
1
(31
)
Income taxes outside the U.S.:
Current provision
4
6
Deferred provision benefit
21
(95
)
State and other income taxes:
Current benefit

(1
)
Total provision
$
(4
)
$
(120
) The differences between income taxes computed using the U.S. federal income tax rate and the benefit for income taxes for continuing operations were as follows (in millions):
Year Ended December 31,
2018
2017
Amount computed using the statutory rate
$
(3
)
$
(9
)
Increase (reduction) in taxes resulting from:
Unremitted foreign earnings
2
2
Impact of goodwill and intangible impairments

(21
)
Operations outside the U.S.
28
14
Legislative tax law and rate changes
7
150
Valuation allowance
(18
)
(266
)
Tax settlements and adjustments, including interest
(33
)
(11
)
Discharge of debt and other reorganization related items
13
39
Embedded derivative liability conversion

(17
)
Other, net

(1
)
Benefit from income taxes
$
(4
)
$
(120
) IRS and Korean National Tax Service Agreement In June 2012, Kodak filed a Request for Competent Authority Assistance with the United States Internal Revenue Service (IRS). The request related to a potential double taxation issue with respect to patent licensing royalty payments received by Kodak in 2010. In October 2018, an agreement was reached by the IRS and Korean National Tax Service, resulting in a partial refund of Korean withholding taxes in the amount of $32 million. Kodak had previously agreed with the licensee that made the royalty payments that any refunds of the related Korean withholding taxes would be shared equally between Kodak and the licensee. Kodak received the $16 million net payment in the fourth quarter of 2018. The full $32 million refund was reflected as an income tax benefit in the fourth quarter of 2018. The $16 million payment to the licensee was reported in other operating expenses, resulting in a net benefit to net income of $16 million. The significant components of deferred tax assets and liabilities were as follows (in millions):
As of December 31,
2018
2017
Deferred tax assets
Pension and postretirement obligations
$
62
$
96
Restructuring programs
1
1
Foreign tax credit
357
343
Inventories
9
10
Investment tax credit
48
58
Employee deferred compensation
23
25
Depreciation
64
68
Research and development costs
67
80
Tax loss carryforwards
338
307
Other deferred revenue
1
4
Other
69
73
Total deferred tax assets
$
1,039
$
1,065
Deferred tax liabilities
Leasing
$
2
$
2
Goodwill/intangibles
16
16
Unremitted foreign earnings
22
20
Total deferred tax liabilities
40
38
Net deferred tax assets before valuation allowance
999
1,027
Valuation allowance
853
856
Net deferred tax assets
$
146
$
171
Deferred tax assets (liabilities) are reported in the following components within the Consolidated Statement of Financial Position (in millions):
As of December 31,
2018
2017
Deferred income taxes
$
160
$
187
Other long-term liabilities
(14
)
(16
)
Net deferred tax assets
$
146
$
171
As of December 31, 2018, Kodak had available domestic and foreign NOL carry-forwards for income tax purposes of approximately $1,503 million, of which approximately $746 million have an indefinite carry-forward period. The remaining $757 million expire between the years 2019 and 2037. As of December 31, 2018, Kodak had unused foreign tax credits and investment tax credits of $357 million and $48 million, respectively, with various expiration dates through 2033. Utilization of post-emergence NOL carry-forwards and tax credits may be subject to limitations in the event of significant changes in stock ownership of the Company in the future. Section 382 of the Internal Revenue Code of 1986, as amended, imposes annual limitations on the utilization of NOL carryforwards, other tax carryforwards, and certain built-in losses as defined under that Section, upon an ownership change. In general terms, an ownership change may result from transactions that increase the aggregate ownership of certain stockholders in Kodak’s stock by more than 50 percentage points over a three-year testing period. The 2017 Tax Act includes a one-time transition tax on the mandatory deemed repatriation of cumulative foreign earnings as of December 31, 2017. The one-time transition tax as of December 31, 2017 resulted in the recognition of a previously recorded deferred tax liability on the undistributed foreign earnings of $56 million (net of related foreign tax credits) and was fully offset by Kodak’s U.S. valuation allowance, resulting in no net tax benefit. Kodak had deferred tax liabilities of $22 million and $20 million for potential taxes on the undistributed earnings, including foreign withholding taxes, Kodak’s valuation allowance as of December 31, 2018 was $853 million. Of this amount, $155 million was attributable to Kodak’s net deferred tax assets outside the U.S. of $323 million, and $698 million related to Kodak’s net deferred tax assets in the U.S. of $676 million, for which Kodak believes it is not more likely than not that the assets will be realized. During 2018, Kodak determined that it was more likely than not that a portion of the deferred tax assets outside the U.S. would be realized as a result of increased profits in locations outside the U.S. and accordingly recorded a benefit of $4 million associated with the release of a valuation allowance on those deferred tax assets. Additionally, during 2018, Kodak determined that it was more likely than not that a portion of the deferred tax assets outside the U.S. would not be realized due to reduced sales volumes in a location outside the U.S. and accordingly recorded a provision of $15 million associated with the establishment of a valuation allowance on those deferred tax assets. Kodak’s valuation allowance as of December 31, 2017 was $856 million. Of this amount, $159 million was attributable to Kodak’s net deferred tax assets outside the U.S. of $352 million, and $697 million related to Kodak’s net deferred tax assets in the U.S. of $675 million, for which Kodak believes it is not more likely than not that the assets will be realized. During 2017, Kodak determined that it was more likely than not that a portion of the deferred tax assets outside the U.S. would be realized as a result of increased profits in a location outside the U.S. and accordingly, recorded a benefit of $101 million associated with the release of a valuation allowance on those deferred tax assets. Additionally, during 2017, Kodak determined that it was more likely than not that a portion of the deferred tax assets outside the U.S. would not be realized due to reduced manufacturing volumes negatively impacting profitability in a location outside the U.S. and accordingly, recorded a provision of $7 million associated with the establishment of a valuation allowance on those deferred tax assets. The net deferred tax assets in excess of the valuation allowance of approximately $146 million and $171 million as of December 31, 2018 and December 31, 2017, respectively, relate primarily to NOL carry-forwards, certain tax credits, and pension related tax benefits for which Kodak believes it is more likely than not that the assets will be realized. Accounting for Uncertainty in Income Taxes A reconciliation of the beginning and ending amount of Kodak’s liability for income taxes associated with unrecognized tax benefits is as follows (in millions):
Year Ended December 31,
2018
2017
Balance as of January 1
$
61
$
84
Tax positions related to the current year:
Additions

7
Tax positions related to prior years:
Additions
1
6
Reductions
(5
)
(28
)
Settlements with taxing jurisdictions

(4
)
Lapses in statute of limitations

(4
)
Balance as of December 31
$
57
$
61
Kodak’s policy regarding interest and/or penalties related to income tax matters is to recognize such items as a component of income tax (benefit) expense. Kodak had approximately $16 million and $17 million of interest and penalties associated with uncertain tax benefits accrued as of December 31, 2018 and 2017, respectively. Kodak had uncertain tax benefits of approximately $26 and $29 million as of December 31, 2018 and 2017, respectively, that, if recognized, would affect the effective income tax rate. Kodak has classified certain income tax liabilities as current or noncurrent based on management’s estimate of when these liabilities will be settled. The current liabilities are recorded in Other current liabilities in the Consolidated Statement of Financial Position. Noncurrent income tax liabilities are recorded in Other long-term liabilities in the Consolidated Statement of Financial Position. It is reasonably possible that the liability associated with Kodak’s unrecognized tax benefits will increase or decrease within the next twelve months. These changes may be the result of settling ongoing audits or the expiration of statutes of limitations. Such changes to the unrecognized tax benefits could range from $0 to $15 million based on current estimates. Audit outcomes and the timing of audit settlements are subject to significant uncertainty. Although management believes that adequate provision has been made for such issues, there is the possibility that the ultimate resolution of such issues could have an adverse effect on the earnings of Kodak. Conversely, if these issues are resolved favorably in the future, the related provision would be reduced, thus having a positive impact on earnings. During 2018, Kodak agreed to terms with a tax authority outside of the U.S. and settled audit issues related to calendar years 2006-2007. Kodak originally recorded liabilities for uncertain tax positions (“UTPs”) totaling $1 million (plus interest of approximately $1 million). The settlement resulted in a reduction in Other current liabilities in the Consolidated Statement of Financial Position and other taxes and the recognition of a $2 million tax benefit. The 2017 Tax Act corporate tax rate decrease from 35% to 21% resulted in the re-measurement of UTPs, reducing a reserve held in the U.S. by approximately $22 million. UTPs are presented in the financial statements as a reduction to deferred tax assets for a NOL carryforward, a similar tax loss or a tax credit carryforward. As a result, the reduction of this UTP has been recorded as a reduction in Kodak’s deferred tax asset and is fully offset by valuation allowance, therefore there is no net tax provision associated with this change. During 2017, Kodak agreed to terms with a tax authority outside of the U.S. and settled audits for calendar years 2008 through 2012. For these years, Kodak originally recorded liabilities for a UTP totaling $6 million (plus interest of approximately $2 million). The settlement resulted in a reduction in Other current liabilities in the Consolidated Statement of Financial Position and the recognition of a $1 million tax benefit. Kodak is subject to taxation and files income tax returns in the U.S. federal jurisdiction and in many state and foreign jurisdictions. Kodak has substantially concluded all U.S. federal and state income tax matters for years through 2012 with respective tax authorities. Kodak is currently under examination by the Internal Revenue Service for years 2013 and 2014. With respect to countries outside the U.S., Kodak has substantially concluded all material foreign income tax matters through 2011 with respective foreign tax jurisdiction authorities.

Note 18 - Restructuring Costs a

Note 18 - Restructuring Costs and Other12 Months Ended
Dec. 31, 2018
Restructuring And Related Activities [Abstract]
Restructuring Costs and Other Disclosure [Text Block]NOTE 18: RESTRUCTURING COSTS AND OTHER Kodak recognizes the need to continually rationalize its workforce and streamline its operations in the face of ongoing business and economic changes. Charges for restructuring initiatives are recorded in the period in which Kodak commits to a formalized restructuring plan, or executes the specific actions contemplated by the plan and all criteria for liability recognition under the applicable accounting guidance have been met. The activity in the accrued balances and the non-cash charges and credits incurred in relation to restructuring programs during the three years ended December 31, 2018 were as follows (in millions):
Severance Reserve (1)
Exit Costs Reserve (1)
Long-lived Asset Impairments and Inventory Write-downs (1)
Total
Balance as of December 31, 2016
5
3

8
Charges
26
3
9
38
Utilization/cash payments
(13
)
(2
)
(9
)
(24
)
Other adjustments & reclasses (2)
(12
)


(12
)
Balance as of December 31, 2017
6
4

10
Charges
17


17
Utilization/cash payments
(12
)
(2
)

(14
)
Other adjustments & reclasses (3)
(5
)


(5
)
Balance as of December 31, 2018
$
6
$
2
$

$
8
(1)
The severance and exit costs reserves require the outlay of cash, while long-lived asset impairments, accelerated depreciation and inventory write-downs represent non-cash items.
(2)
The $(12) million includes $(13) million of severance charges funded from pension plan assets, which were reclassified to Pension and other postretirement liabilities, and $1 million of foreign currency translation adjustments.
(3)
The $(5) million represents severance charges funded from pension plan assets, which were reclassified to Pension and other postretirement liabilities. 2017 Activity Restructuring actions taken in 2017 were initiated to reduce Kodak’s cost structure as part of its commitment to drive sustainable profitability and included actions associated with the Prosper business cost reduction, voluntary workforce transition plans in the U.S., an office closure in Switzerland, the cancellation of the copper touch screen program, as well as various targeted reductions in manufacturing, service, sales, research and development and other administrative functions. As a result of these actions, for the year ended December 31, 2017 Kodak recorded $38 million of charges, including $7 million for inventory write-downs which was reported in Cost of revenues and $31 million which was reported as Restructuring costs and other in the accompanying Consolidated Statement of Operations. The 2017 severance costs related to the elimination of approximately 475 positions, including approximately 225 administrative, 150 manufacturing/service, and 100 research and development positions. The geographic composition of these positions included approximately 325 in the U.S. and Canada, and 150 throughout the rest of the world. 2018 Activity Restructuring actions taken in 2018 were initiated to reduce Kodak’s cost structure as part of its commitment to drive sustainable profitability and included cost rationalization in France, consolidation of R&D sites in Israel, EPS manufacturing cost reductions in Germany, and various targeted reductions in manufacturing, service, sales, research and development, and other administrative functions. As a result of these actions, for the year ended December 31, 2018 Kodak recorded $17 million of charges which were reported as Restructuring costs and other in the accompanying Consolidated Statement of Operations. The 2018 severance costs related to the elimination of approximately 285 positions, including approximately 115 administrative, 100 manufacturing/service, and 70 research and development positions. The geographic composition of these positions included approximately 130 in the U.S. and Canada, and 155 throughout the rest of the world. As a result of these initiatives, approximately $2 million of the severance charges will be paid during periods through the end of 2019. The remainder of the severance payments will be completed by the end of the first half of 2019. The exit cost reserves primarily relate to long-term lease payments, will be paid throughout 2019 and beyond.

Note 19 - Retirement Plans

Note 19 - Retirement Plans12 Months Ended
Dec. 31, 2018
Disclosure Text Block [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]NOTE 19: RETIREMENT PLANS Substantially all U.S. employees are covered by a noncontributory defined benefit plan, the Kodak Retirement Income Plan (“KRIP”), which is funded by Company contributions to an irrevocable trust fund. The funding policy for KRIP is to contribute amounts sufficient to meet minimum funding requirements as determined by employee benefit and tax laws plus any additional amounts the Company determines to be appropriate. Assets in the trust fund are held for the sole benefit of participating employees and retirees. They are composed of corporate equity and debt securities, U.S. government securities, partnership investments, interests in pooled funds, commodities, real estate, and various types of interest rate, foreign currency, debt, and equity market financial instruments. For U.S. employees hired prior to March 1999, KRIP’s benefits were generally based on a formula recognizing length of service and final average earnings. KRIP included a separate cash balance formula for all U.S. employees hired after February 1999, as well as employees hired prior to that date who opted in to the cash balance formula during a special election period. Effective January 1, 2015 the KRIP was amended to provide that all participants accrue benefits under a single, revised cash balance formula (the “Cash Balance Plan”). The Cash Balance Plan credits employees' hypothetical accounts with an amount equal to either 7% or 8% of their pay, plus interest based on the 30-year Treasury bond rate. Many subsidiaries and branches operating outside the U.S. have defined benefit retirement plans covering substantially all employees. Contributions by Kodak for these plans are typically deposited under government or other fiduciary-type arrangements. Retirement benefits are generally based on contractual agreements that provide for benefit formulas using years of service and/or compensation prior to retirement. The actuarial assumptions used for these plans reflect the diverse economic environments within the various countries in which Kodak operates. Information on the major funded and unfunded U.S. and Non-U.S. defined benefit pension plans is presented below. The composition of the major plans may vary from year to year. If the major plan composition changes, prior year data is conformed to ensure comparability. The measurement date used to determine the pension obligation for all funded and unfunded U.S. and Non-U.S. defined benefit plans is December 31.
Year Ended December 31, 2018
Year Ended December 31, 2017
(in millions)
U.S.
Non-U.S.
U.S.
Non-U.S.
Change in Benefit Obligation
Projected benefit obligation at beginning of period
$
3,866
$
885
$
3,908
$
816
Service cost
13
3
12
3
Interest cost
109
12
115
12
Benefit payments
(414
)
(50
)
(352
)
(48
)
Actuarial (gain) loss
(174
)

170
37
Special termination benefits
5

13

Currency adjustments

(16
)

65
Projected benefit obligation at end of period
$
3,405
$
834
$
3,866
$
885
Change in Plan Assets
Fair value of plan assets at beginning of period
$
3,804
$
722
$
3,653
$
693
Gain on plan assets
55
5
503
27
Employer contributions

4

5
Benefit payments
(414
)
(50
)
(352
)
(48
)
Currency adjustments

(10
)

45
Fair value of plan assets at end of period
$
3,445
$
671
$
3,804
$
722
Over (under) funded status at end of period
$
40
$
(163
)
$
(62
)
$
(163
)
Accumulated benefit obligation at end of period
$
3,403
$
824
$
3,864
$
874
Amounts recognized in the Consolidated Statement of Financial Position for all major funded and unfunded U.S. and Non-U.S. defined benefit plans are as follows (in millions):
As of December 31,
2018
2017
U.S.
Non-U.S.
U.S.
Non-U.S.
Other long-term assets
$
40
$
32
$

$
35
Pension and other postretirement liabilities

(195
)
(62
)
(198
)
Net amount recognized
$
40
$
(163
)
$
(62
)
$
(163
) Information with respect to the major funded and unfunded U.S. and Non-U.S. defined benefit plans with an accumulated benefit obligation in excess of plan assets is as follows (in millions):
As of December 31,
2018
2017
U.S.
Non-U.S.
U.S.
Non-U.S.
Projected benefit obligation
$

$
578
$
3,866
$
617
Accumulated benefit obligation

568
3,864
606
Fair value of plan assets

382
3,804
419
Amounts recognized in accumulated other comprehensive (loss) income for all major funded and unfunded U.S. and Non-U.S. defined benefit plans consist of (in millions):
As of December 31,
2018
2017
U.S.
Non-U.S.
U.S.
Non-U.S.
Prior service credit
$
27
$
3
$
36
$
3
Net actuarial loss
(258
)
(126
)
(271
)
(110
)
Total
$
(231
)
$
(123
)
$
(235
)
$
(107
) Other changes in major plan assets and benefit obligations recognized in Other comprehensive income (expense) are as follows (in millions):
Year Ended December 31,
2018
2017
U.S.
Non-U.S.
U.S.
Non-U.S.
Newly established gain (loss)
$
6
$
(21
)
$
90
$
(37
)
Amortization of:
Prior service credit
(7
)

(7
)

Net actuarial loss
5
5

3
Total (loss) income recognized in Other comprehensive income
$
4
$
(16
)
$
83
$
(34
) The Company expects to recognize $7 million of prior service credits and $5 million of net actuarial losses as components of net periodic benefit cost over the next year. Pension income for all defined benefit plans included (in millions):
Year Ended December 31,
2018
2017
U.S.
Non-U.S.
U.S.
Non-U.S.
Major defined benefit plans:
Service cost
$
13
$
3
$
12
$
3
Interest cost
109
12
115
12
Expected return on plan assets
(223
)
(26
)
(243
)
(27
)
Amortization of:
Prior service credit
(7
)

(7
)

Actuarial loss
5
5

3
Pension income before special termination benefits
(103
)
(6
)
(123
)
(9
)
Special termination benefits
5

13

Net pension income for major defined benefit plans
(98
)
(6
)
(110
)
(9
)
Other plans including unfunded plans

(4
)


Net pension income
$
(98
)
$
(10
)
$
(110
)
$
(9
) The pension income before special termination benefits reported above for the years ended December 31, 2018 and 2017 each include $1 million which is reported as Loss from discontinued operations. The special termination benefits of $5 million and $13 million for the years ended December 31, 2018 and 2017, respectively, were incurred as a result of Kodak's restructuring actions and, therefore, have been included in Restructuring costs and other in the Consolidated Statement of Operations for those periods. The weighted-average assumptions used to determine the benefit obligation amounts for all major funded and unfunded U.S. and Non-U.S. defined benefit plans were as follows:
Year Ended December 31,
2018
2017
U.S.
Non-U.S.
U.S.
Non-U.S.
Discount rate
4.04
%
2.05
%
3.34
%
1.90
%
Salary increase rate
3.50
%
2.06
%
3.50
%
2.17
% The weighted-average assumptions used to determine net pension (income) expense for all the major funded and unfunded U.S. and Non-U.S. defined benefit plans were as follows:
Year Ended December 31,
2018
2017
U.S.
Non-U.S.
U.S.
Non-U.S.
Effective rate for service cost
3.33
%
2.32
%
3.68
%
2.66
%
Effective rate for interest cost
2.96
%
1.70
%
3.06
%
1.56
%
Salary increase rate
3.50
%
2.17
%
3.43
%
2.09
%
Expected long-term rate of return on plan assets
6.40
%
3.98
%
7.00
%
4.21
% Plan Asset Investment Strategy The investment strategy underlying the asset allocation for the pension assets is to achieve an optimal return on assets with an acceptable level of risk while providing for the long-term liabilities and maintaining sufficient liquidity to pay current benefits and other cash obligations of the plans. This is primarily achieved by investing in a broad portfolio constructed of various asset classes including equity and equity-like investments, debt and debt-like investments, real estate, private equity and other assets and instruments. Long duration bonds and Treasury bond futures are used to partially match the long-term nature of plan liabilities. Other investment objectives include maintaining broad diversification between and within asset classes and fund managers and managing asset volatility relative to plan liabilities. Every three years, or when market conditions have changed materially, each of Kodak’s major pension plans will undertake an asset allocation or asset and liability modeling study. The asset allocation and expected return on the plans’ assets are individually set to provide for benefits and other cash obligations within each country’s legal investment constraints. Actual allocations may vary from the target asset allocations due to market value fluctuations, the length of time it takes to implement changes in strategy, and the timing of cash contributions and cash requirements of the plans. The asset allocations are monitored and are rebalanced in accordance with the policy set forth for each plan. The total plan assets attributable to the major U.S. defined benefit plans at as of December 31, 2018 relate to KRIP. The expected long-term rate of return on plan assets assumption (“EROA”) is based on a combination of formal asset and liability studies that include forward-looking return expectations given the current asset allocation. A review of the EROA as of December 31, 2018, based upon the current asset allocation and forward-looking expected returns for the various asset classes in which KRIP invests, resulted in an EROA of 6.50%. As with KRIP, the EROA assumptions for certain of Kodak’s other pension plans were reassessed as of December 31, 2018. The weighted average annual expected return on plan assets for the major non-U.S. pension plans was 3.86% based on the plans’ respective asset allocations as of December 31, 2018. Plan Asset Risk Management Kodak evaluates its defined benefit plans’ asset portfolios for the existence of significant concentrations of risk. Types of concentrations that are evaluated include, but are not limited to, investment concentrations in a single entity, type of industry, foreign country, and individual fund. Foreign currency contracts and swaps are used to partially hedge foreign currency risk. Additionally, Kodak’s major defined benefit pension plans invest in government bond futures and long duration investment grade bonds to partially hedge the liability risk of the plans. As of December 31, 2018 and 2017, there were no significant concentrations (defined as greater than 10% of plan assets) of risk in Kodak’s defined benefit plan assets. The Company's weighted-average asset allocations for its major U.S. defined benefit pension plans by asset category, are as follows:
As of December 31,
2018
2017
2018 Target
Asset Category
Equity securities
11
%
10
%
7-13%
Debt securities
40
%
42
%
35-45%
Real estate
2
%
2
%
0-6%
Cash and cash equivalents
1
%
1
%
0-6%
Global balanced asset allocation funds
13
%
16
%
12-18%
Other
33
%
29
%
27-39%
Total
100
%
100
%
Kodak’s weighted-average asset allocations for its major Non-U.S. defined benefit pension plans by asset category, are as follows:
As of December 31,
2018
2017
2018 Target
Asset Category
Equity securities
3
%
3
%
0-6%
Debt securities
33
%
32
%
30-40%
Real estate
1
%
1
%
0-6%
Cash and cash equivalents
2
%
2
%
0-6%
Global balanced asset allocation funds
4
%
5
%
2-8%
Other
57
%
57
%
55-65%
Total
100
%
100
%
Fair Value Measurements Kodak’s asset allocations by level within the fair value hierarchy at December 31, 2018 and 2017 are presented in the tables below for Kodak’s major defined benefit plans. Kodak’s plan assets are accounted for at fair value and are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement, with the exception of investments for which fair value is measured using the net asset value per share expedient. Kodak’s assessment of the significance of a particular input to the fair value measurement requires judgment and may affect the valuation of fair value of assets and their placement within the fair value hierarchy levels. Assets not utilizing the net asset value per share expedient are valued as follows: Equity and debt securities traded on an active market are valued using a market approach based on the closing price on the last business day of the year. Real estate investments are valued primarily based on independent appraisals and discounted cash flow models, taking into consideration discount rates and local market conditions. Cash and cash equivalents are valued utilizing cost approach valuation techniques. Other investments are valued using a combination of market, income, and cost approaches, based on the nature of the investment. Private equity investments are valued primarily based on independent appraisals, discounted cash flow models, cost, and comparable market transactions, which include inputs such as discount rates and pricing data from the most recent equity financing. Insurance contracts are primarily valued based on contract values, which approximate fair value. For investments with lagged pricing, Kodak uses the available net asset values, and also considers expected return, subsequent cash flows and relevant material events. Major U.S. Plans December 31, 2018
U.S.
(in millions)
Quoted Prices in Active Markets for Identical (Level 1)
Significant Observable Inputs (Level 2)
Significant Unobservable Inputs (Level 3)
Measured at NAV
Total
Cash and cash equivalents
$

$

$

$
50
$
50
Equity Securities
4


364
368
Debt Securities:
Government Bonds



1,005
1,005
Investment Grade Bonds

391


391
Real Estate



57
57
Global Balanced Asset Allocation Funds



438
438
Other:
Absolute Return



431
431
Private Equity


6
659
665
Derivatives with unrealized gains
46



46
Derivatives with unrealized losses
(6
)



(6
)
$
44
$
391
$
6
$
3,004
$
3,445
Major U.S. Plans December 31, 2017
U.S.
(in millions)
Quoted Prices in Active Markets for Identical (Level 1)
Significant Observable Inputs (Level 2)
Significant Unobservable Inputs (Level 3)
Measured at NAV
Total
Cash and cash equivalents
$

$

$

$
30
$
30
Equity Securities
60


322
382
Debt Securities:
Government Bonds



1,179
1,179
Investment Grade Bonds

421


421
Real Estate


26
68
94
Global Balanced Asset Allocation Funds



597
597
Other:
Absolute Return



489
489
Private Equity


14
601
615
Derivatives with unrealized losses
(3
)



(3
)
$
57
$
421
$
40
$
3,286
$
3,804
For Kodak’s major U.S. defined benefit pension plans, equity investments are invested broadly in U.S. equity, developed international equity, and emerging markets. Fixed income investments are comprised primarily of long duration U.S. Treasuries and investment-grade corporate bonds. Real estate investments primarily include investments in limited partnerships that invest in office, industrial, retail and apartment properties. Global Balanced Asset Allocation investments are commingled funds that hold a diversified portfolio of passive market exposures, including equities, debt, currencies and commodities. Absolute return investments are comprised of a diversified portfolio of hedge funds using equity, debt, commodity, and currency strategies held separate from the derivative-linked hedge funds described later in this footnote. Private equity investments are primarily comprised of limited partnerships and fund-of-fund investments that invest in distressed investments, venture capital, leveraged buyouts and special situations. Natural resource investments in oil and gas partnerships and timber funds are also included in this category. Major Non-U.S. Plans December 31, 2018
Non - U.S.
(in millions)
Quoted Prices in Active Markets for Identical (Level 1)
Significant Observable Inputs (Level 2)
Significant Unobservable Inputs (Level 3)
Measured at NAV
Total
Cash and cash equivalents
$
8
$

$

$
5
$
13
Equity Securities



21
21
Debt Securities:
Government Bonds



53
53
Inflation-Linked Bonds



4
4
Investment Grade Bonds

66

68
134
Global High Yield & Emerging Market Debt



28
28
Real Estate



9
9
Global Balanced Asset Allocation Funds



27
27
Other:
Absolute Return



7
7
Private Equity



42
42
Insurance Contracts

333


333
Derivatives with unrealized gains
1



1
Derivatives with unrealized losses
(1
)



(1
)
$
8
$
399
$

$
264
$
671
Major Non-U.S. Plans December 31, 2017
Non - U.S.
(in millions)
Quoted Prices in Active Markets for Identical (Level 1)
Significant Observable Inputs (Level 2)
Significant Unobservable Inputs (Level 3)
Measured at NAV
Total
Cash and cash equivalents
$
6
$

$

$
5
$
11
Equity Securities



24
24
Debt Securities:
Government Bonds



79
79
Inflation-Linked Bonds



5
5
Investment Grade Bonds

62

76
138
Global High Yield & Emerging Market Debt



11
11
Real Estate



10
10
Global Balanced Asset Allocation Funds



33
33
Other:
Absolute Return



8
8
Private Equity



43
43
Insurance Contracts

358


358
Derivatives with unrealized gains
1



1
$
7
$
420
$

$
294
$
721
For Kodak’s major non-U.S. defined benefit pension plans, equity investments are invested broadly in local equity, developed international and emerging markets. Fixed income investments are comprised primarily of government and investment grade corporate bonds. Real estate investments primarily include investments in limited partnerships that invest in office, industrial, and retail properties. Global Balanced Asset Allocation investments are commingled funds that hold a diversified portfolio of passive market exposures, including equities, debt, currencies and commodities. Absolute return investments are comprised of a diversified portfolio of hedge funds using equity, debt, commodity, and currency strategies held separate from the derivative-linked hedge funds described later in this footnote. Private equity investments are comprised of limited partnerships and fund-of-fund investments that invest in distressed investments, venture capital and leveraged buyouts. Insurance contracts are typically annuities from life insurance companies covering specific pension obligations. For Kodak’s major defined benefit pension plans, certain investment managers are authorized to invest in derivatives such as futures, swaps, and currency forward contracts. Investments in derivatives are used to obtain desired exposure to a particular asset, index or bond duration and require only a portion of the total exposure to be invested as cash collateral. In instances where exposures are obtained via derivatives, the majority of the exposure value is available to be invested, and is typically invested, in a diversified portfolio of hedge fund strategies that generate returns in addition to the return generated by the derivatives. Of the December 31, 2018 investments shown in the major U.S. plans table above, 5% of the total pension assets represented equity securities exposure obtained via derivatives and are reported in equity securities, and 30% of the total pension assets represented U.S. government bond exposure with 12 years duration, obtained via derivatives and are reported in government bonds. Of the December 31, 2017 investments shown in the major U.S. plans table above, 2% of the total pension assets represented equity securities exposure obtained via derivatives and are reported in equity securities, and 31% of the total pension assets represented U.S. government bond exposure with 13 years duration, obtained via derivatives and are reported in government bonds. Of the December 31, 2018 investments shown in the major Non-U.S. plans table above, 0% and 7% of the total pension assets represented derivative exposures to equity securities and government bonds with 5 years duration and are reported in those respective classes. Of the December 31, 2017 investments shown in the major Non-U.S. plans table above, 0% and 7% of the total pension assets represented derivative exposures to equity securities and government bonds with 7 years duration and are reported in those respective classes. The following is a reconciliation of the beginning and ending balances of level 3 assets of Kodak’s major U.S. defined benefit pension plans:
U.S.
Net Realized and Unrealized Gains
(in millions)
Balance at January
Relating to Assets Still Held
Relating to Assets Sold During the Period
Net Purchases, Sales and Settlements
Balance at December
Real Estate
$
26
$

$
14
$
(40
)
$

Private Equity
14
1

(9
)
6
Total
$
40
$
1
$
14
$
(49
)
$
6
U.S.
Net Realized and Unrealized Gains
(in millions)
Balance at January
Relating to Assets Still Held
Relating to Assets Sold During the Period
Net Purchases, Sales and Settlements
Balance at December
Real Estate
$
32
$
5
$

$
(11
)
$
26
Private Equity
14
3

(3
)
14
Total
$
46
$
8
$

$
(14
)
$
40
The following pension benefit payments, which reflect expected future service, are expected to be paid (in millions):
U.S.
Non-U.S.
2019
$
317
$
48
2020
306
48
2021
295
48
2022
284
47
2023
274
46
2024 - 2028
1,214
215

Note 20 - Other Postretirement

Note 20 - Other Postretirement Benefits12 Months Ended
Dec. 31, 2018
Postemployment Benefits [Abstract]
Postemployment Benefits Disclosure [Text Block]NOTE 20: OTHER POSTRETIREMENT BENEFITS In Canada, Kodak provides medical, dental, life insurance, and survivor income benefits to eligible retirees. In the U.K., Kodak provides medical benefits to eligible retirees. The other postretirement benefit plans in Canada and the U.K. are closed to new participants. Information on the Canada and U.K. other postretirement benefit plans is presented below. The measurement date used to determine the net benefit obligation for Kodak's other postretirement benefit plans is December 31. Changes in Kodak’s benefit obligation and funded status were as follows (in millions):
Year Ended December 31,
2018
2017
Net benefit obligation at beginning of period
$
71
$
72
Interest cost
2
2
Plan participants’ contributions
1
1
Actuarial gain
(6
)
(1
)
Benefit payments
(4
)
(4
)
Currency adjustments

1
Net benefit obligation at end of period
$
64
$
71
Underfunded status at end of period
$
(64
)
$
(71
) Amounts recognized in the Consolidated Statement of Financial Position consist of (in millions):
As of December 31,
2018
2017
Other current liabilities
$
(3
)
$
(4
)
Pension and other postretirement liabilities
(61
)
(67
)
$
(64
)
$
(71
) Amounts recognized in Accumulated other comprehensive loss consist of (in millions):
As of December 31,
2018
2017
Net actuarial gain
$
(6
)
$

Changes in benefit obligations recognized in Other comprehensive loss (income) consist of (in millions):
Year Ended December 31,
2018
2017
Newly established loss (gain)
$
(6
)
$

Total gain recognized in Other comprehensive (loss) income
$
(6
)
$

Other postretirement benefit cost included:
Year Ended December 31,
2018
2017
Components of net postretirement benefit cost:
Service cost
$

$

Interest cost
2
2
Other postretirement benefit cost from continuing operations
$
2
$
2
The weighted-average assumptions used to determine the net benefit obligations were as follows:
Year Ended December 31,
2018
2017
Discount rate
3.59
%
3.21
%
Salary increase rate
2.35
%
2.35
% The weighted-average assumptions used to determine the net postretirement benefit cost were as follows:
Year Ended December 31,
2018
2017
Effective rate for interest cost
2.88
%
2.89
%
Salary increase rate
2.35
%
2.35
% The weighted-average assumed healthcare cost trend rates used to compute the other postretirement amounts were as follows:
2018
2017
Healthcare cost trend
5.70
%
5.36
%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)
3.38
%
4.36
%
Year that the rate reaches the ultimate trend rate
2038
2022
Assumed healthcare cost trend rates effect the amounts reported for the healthcare plans. A one-percentage point change in assumed healthcare cost trend rates would have the following effects:
1% increase
1% decrease
Effect on total service and interest cost
$

$

Effect on postretirement benefit obligation
3
(3
) The following other postretirement benefits, which reflect expected future service, are expected to be paid (in millions):
2019
$
4
2020
3
2021
3
2022
3
2023
3
2024-2028
17

Note 21 - Earnings Per Share

Note 21 - Earnings Per Share12 Months Ended
Dec. 31, 2018
Disclosure Text Block [Abstract]
Earnings Per Share [Text Block]NOTE 21: EARNINGS PER SHARE Basic earnings per share are calculated using the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share calculations include any dilutive effect of potential common shares. In periods with a net loss from continuing operations, diluted earnings per share are calculated using weighted-average basic shares for that period, as utilizing diluted shares would be anti-dilutive to loss per share. A reconciliation of the amounts used to calculate basic and diluted earnings per share for the years ended December 31, 2018 and 2017 follows (in millions):
Year Ended December 31,
2018
2017
(Loss) earnings from continuing operations attributable to Eastman Kodak Company
$
(9
)
$
93
Less: Series A convertible preferred stock cash and accrued dividends
(11
)
(11
)
Less: Series A convertible preferred stock deemed dividends
(9
)
(8
)
(Loss) earnings from continuing operations available to common shareholders - basic and diluted
$
(29
)
$
74
Net (loss) income attributable to Eastman Kodak Company
$
(16
)
$
94
Less: Series A convertible preferred stock cash and accrued dividends
(11
)
(11
)
Less: Series A convertible preferred stock deemed dividends
(9
)
(8
)
Net (loss) income available to common shareholders - basic and diluted
$
(36
)
$
75
Weighted-average common shares outstanding - basic
42.7
42.5
Effect of dilutive securities:
Unvested restricted stock units

0.2
Weighted-average common shares outstanding - diluted
42.7
42.7
As a result of the net loss from continuing operations available to common shareholders for the year ended December 31, 2018, Kodak calculated diluted earnings per share using weighted-average basic shares outstanding. If Kodak reported earnings from continuing operations available to common shareholders for the year ended December 31, 2018, the calculation of diluted earnings per share would have included the assumed conversion of 0.3 million unvested restricted stock units. The computation of diluted earnings per share for the years ended December 31, 2018 and 2017 excluded the impact of (1) the assumed conversion of 2.0 million shares of Series A convertible preferred shares, and (2) the assumed conversion of 5.2 million and 4.8 million outstanding employee stock options, respectively, because they would have been anti-dilutive. In addition, the computation of diluted earnings per share for the year ended December 31, 2017 excluded the impact of (1) the assumed conversion of net share settled warrants to purchase 1.8 million shares of common stock at an exercise price of $14.93 and (2) the assumed conversion of net share settled warrants to purchase 1.8 million shares of common stock at an exercise price of $16.12 because they would have been anti-dilutive. The warrants terminated at the close of business on September 3, 2018.

Note 22 - Stock-based Compensat

Note 22 - Stock-based Compensation12 Months Ended
Dec. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]NOTE 22: STOCK-BASED COMPENSATION Kodak’s stock incentive plan is the 2013 Omnibus Incentive Plan (the “2013 Plan”). The 2013 Plan is administered by the Executive Compensation Committee of the Board of Directors. Officers, directors and employees of the Company and its consolidated subsidiaries are eligible to receive awards. Stock options are generally non-qualified, are at exercise prices equal to or greater than the closing price of Kodak’s stock on the date of grant and expire seven years after the grant date. Stock-based compensation awards granted under Kodak’s stock incentive plan are generally subject to a three-year vesting period from the date of grant, or a later date as determined by the Executive Compensation Committee. Awards are subject to settlement in newly-issued shares of common stock. Unless sooner terminated by the Executive Compensation Committee, no awards may be granted under the 2013 Plan after May 22, 2028. The maximum number of shares of common stock that may be issued under the 2013 Plan is approximately 5.8 million. In addition, under the 2013 Plan, the maximum number of shares available for the grant of incentive stock options is 2.0 million shares. The maximum number of shares as to which stock options or stock appreciation rights may be granted to any one person under the 2013 Plan in any calendar year is 2.0 million shares. The maximum number of performance-based compensation awards that may be granted to any one employee under the 2013 Plan in any calendar year is 1.0 million shares or, in the event such award is paid in cash, $2.5 million. The maximum number of awards that may be granted to any non-employee director under the 2013 Plan in any calendar year may not exceed a number of awards with a grant date fair value of $900,000, computed as of the grant date. Compensation expense is recognized on a straight-line basis over the service or performance period for each separately vesting tranche of the award and is adjusted for actual forfeitures before vesting. Kodak assesses the likelihood that performance-based shares will be earned based on the probability of meeting the performance criteria. For those performance-based awards that are deemed probable of achievement, expense is recorded, and for those awards that are deemed not probable of achievement, no expense is recorded. Kodak assesses the probability of achievement each quarter. Restricted Stock Units Restricted stock units are payable in shares of the Company common stock upon vesting. The fair value is based on the closing market price of the Company’s stock on the grant date. Compensation cost related to restricted stock units was $2 million and $4 million for the years ended December 31, 2018 and 2017, respectively. The weighted average grant date fair value of restricted stock unit awards granted for the years ended December 31, 2018 and 2017 was $3.66 and $9.20, respectively. The total fair value of restricted stock units that vested was $3 million and $7 million for the years ended December 31, 2018 and 2017, respectively. As of December 31, 2018, there was $1 million of unrecognized compensation cost related to restricted stock units. The cost is expected to be recognized over a weighted average period of 1.5 years. The following table summarizes information about restricted stock unit activity for the year ended December 31, 2018:
Number of Restricted Stock Units
Weighted-Average Grant Date Fair Values
Outstanding on December 31, 2017
468,681
$
12.21
Granted
785,545
$
3.66
Vested
270,952
$
12.39
Forfeited
279,526
$
6.88
Outstanding on December 31, 2018
703,748
$
4.72
Stock Options The following table summarizes information about stock option activity for the year ended December 31, 2018:
Shares Under Option
Weighted Exercise Price Per Share
Weighted Remaining Contractual Life (Years)
Aggregate Intrinsic Value ($ millions)
Outstanding on December 31, 2017
4,807,855
$
14.30
Granted
1,115,791
$
8.45
Forfeited
727,709
$
8.58
Outstanding on December 31, 2018
5,195,937
$
13.85
4.98

Exercisable on December 31, 2018
2,748,006
$
15.65
4.23

Expected to vest December 31, 2018
2,447,931
$
11.81
5.82

The aggregate intrinsic value represents the total pretax intrinsic value that option holders would have received had all option holders exercised their options on the last trading day of the year. The aggregate intrinsic value is the difference between the Kodak closing stock price on the last trading day of the year and the exercise price, multiplied by the number of in-the-money options. There was no intrinsic value of options outstanding, exercisable or expected to vest due to the fact that the market price of the Company’s common stock as of December 31, 2018 and 2017 was below the weighted average exercise price of options. There were no options exercised in 2018 or 2017. The weighted average grant date fair value of options granted for the years ended December 31, 2018 and 2017 was $2.47 and $2.26, respectively. The total fair value of options that vested during the years ended December 31, 2018 and 2017 was $5 million and $4 million, respectively. Compensation cost related to stock options for the years ended December 31, 2018 and 2017 was $4 million and $5 million, respectively. As of December 31, 2018, there was $2.4 million of unrecognized compensation cost related to stock options. The cost is expected to be recognized over a weighted average period of 1.4 years. Kodak utilizes the Black-Scholes option valuation model to estimate the fair value of stock options. Public trading of the Company’s common stock began on September 23, 2013, providing limited historical data upon which to base assumptions. The expected term of options granted is the period of time the options are expected to be outstanding and is calculated using a simplified method based on the option’s vesting period and original contractual term. The Company uses only the historical volatility of the Company’s stock to estimate expected volatility. The risk-free rate was based on the yield on U.S. Treasury notes with a term equal to the option’s expected term. The following inputs were used for the valuation of option grants issued in each year:
Year Ended December 31,
2018
2017
Weighted-average fair value of options granted
$
2.45
$
2.26
Weighted-average risk-free interest rate
2.70%
1.77%
Range of risk-free interest rates
2.59% - 2.95%
1.64% - 2.11%
Weighted-average expected option lives
4.5 years
4.5 years
Expected option lives
4.4 - 4.5 years
4.5 years
Weighted-average volatility
81%
46%
Range of expected volatilities
80% - 83%
46% - 49%
Weighted-average expected dividend yield
0.00%
0.00%

Note 23 - Shareholders' Equity

Note 23 - Shareholders' Equity12 Months Ended
Dec. 31, 2018
Disclosure Text Block [Abstract]
Stockholders' Equity Note Disclosure [Text Block]NOTE 23: SHAREHOLDERS’ EQUITY The Company has 560 million shares of authorized stock, consisting of: (i) 500 million shares of common stock, par value $0.01 per share and (ii) 60 million shares of preferred stock, no par value, issuable in one or more series. As of December 31, 2018 there were 42.8 million shares of common stock outstanding and 2.0 million shares of Series A preferred stock issued and outstanding. As of December 31, 2017 there were 42.6 million shares of common stock outstanding and 2.0 million shares of Series A preferred stock issued and outstanding. Net Share Settled Warrants Upon emergence from bankruptcy in September 2013, the Company issued to the holders of general unsecured claims and the retiree settlement unsecured claim net-share settled warrants to purchase: (i) 2.1 million shares of common stock at an exercise price of $14.93 and (ii) 2.1 million shares of common stock at an exercise price of $16.12. The warrants were classified as equity instruments and reported within Additional paid in capital in the Consolidated Statement of Financial Position at their fair value at emergence ($24 million). The warrants terminated at the close of business on September 3, 2018. Treasury Stock During the years ended December 31, 2018 and 2017, the Company repurchased shares of common stock for $0 million and $1 million, respectively, to satisfy tax withholding obligations in connection with the issuance of stock to employees under the 2013 Plan. Treasury stock consisted of approximately 0.6 million shares at both December 31, 2018 and 2017. Backstop Registration Rights Agreement Upon emergence from bankruptcy on September 3, 2013 (“Effective Date”), the Company and GSO Capital Partners LP, on behalf of various managed funds, BlueMountain Capital Management, LLC, on behalf of various managed funds, George Karfunkel, United Equities Commodities Company, Momar Corporation and Contrarian Capital Management, LLC, on behalf of Contrarian Funds, LLC (collectively, the “Backstop Parties”) executed a registration rights agreement (the “Backstop Registration Rights Agreement”). The Backstop Registration Rights Agreement, among other rights, provides the Backstop Parties with certain registration rights with respect to common stock offered to the Backstop Parties (and other eligible creditors) as part of a rights offering (the “Backstop registrable securities”). A portion of the shares issued in the rights offerings are restricted securities for purposes of Rule 144 under the Securities Act of 1933 and may not be offered, sold or otherwise transferred absent registration under the Securities Act of 1933 or an applicable exemption from registration requirements. Stockholders holding Backstop registrable securities representing 10% of the outstanding common stock at emergence may require the Company to facilitate a registered offering of Backstop registrable securities (such offering, the “Initial Registration”). The Backstop registrable securities requested to be sold in the Initial Registration must have an aggregate market value of at least $75 million. On October 20, 2016, the Initial Registration, in the form of a shelf registration statement registering all Backstop registerable securities, was declared effective by the SEC. Following the Initial Registration, stockholders holding 10% or more of the outstanding Backstop registrable securities may demand that the Company file a shelf registration statement and effectuate one or more takedowns off of such shelf, or, if a shelf is not available, effectuate one or more stand-alone registered offerings, provided that such non-shelf registered offerings or shelf takedowns may not be requested more than four times and, in each case, shall include shares having an aggregate market value of at least $75 million. Beginning on the second anniversary of the Effective Date, upon request of a stockholder, the Company shall amend its existing shelf registration statement to register additional Backstop registrable securities as set forth in the Registration Rights Agreement. Stockholders also have the right to include their Backstop registrable securities in the Initial Registration or any other non-shelf registered offering or shelf takedown of the common stock by the Company for its own account or for the account of any holders of common stock.

Note 24 - Other Comprehensive L

Note 24 - Other Comprehensive Loss12 Months Ended
Dec. 31, 2018
Disclosure Text Block [Abstract]
Comprehensive Income (Loss) Note [Text Block]NOTE 24: OTHER COMPREHENSIVE LOSS The changes in Other comprehensive loss by component, were as follows:
Year Ended December 31,
(in millions)
2018
2017
Currency translation adjustments
$
(11
)
$
11
Pension and other postretirement benefit plan changes
Newly established net actuarial (loss) gain
(5
)
35
Tax benefit
1
11
Newly established net actuarial (loss) gain, net of tax
(4
)
46
Reclassification adjustments:
Amortization of prior service credit
(a)
(8
)
(8
)
Amortization of actuarial losses (gains)
(a)
4
(3
)
Recognition of gains due to settlements and curtailments
(a)
(1
)

Total reclassification adjustments
(5
)
(11
)
Tax provision

1
Reclassification adjustments, net of tax
(5
)
(10
)
Pension and other postretirement benefit plan changes, net of tax
(9
)
36
Other comprehensive (loss) income
$
(20
)
$
47
(a)
Reclassified to Pension (income) expense - refer to Note 19, "Retirement Plans" and Note 20, "Other Postretirement Benefits" for additional information.

Note 25 - Accumulated Other Com

Note 25 - Accumulated Other Comprehensive Loss12 Months Ended
Dec. 31, 2017
Disclosure Text Block [Abstract]
Accumulated Other Comprehensive Loss [Text Block]NOTE 25: ACCUMULATED OTHER COMPREHENSIVE LOSS Accumulated other comprehensive loss is composed of the following:
As of December 31,
(in millions)
2018
2017
Currency translation adjustments
$
(96
)
$
(85
)
Pension and other postretirement benefit plan changes
(315
)
(306
)
Ending balance
$
(411
)
$
(391
)

Note 26 - Segment Information

Note 26 - Segment Information12 Months Ended
Dec. 31, 2018
Disclosure Text Block [Abstract]
Segment Reporting Disclosure [Text Block]NOTE 26: SEGMENT INFORMATION Financial information is reported for six reportable segments: Print Systems, Enterprise Inkjet Systems, Software and Solutions, Consumer and Film, Advanced Materials and 3D Printing Technology and Eastman Business Park. A description of the reportable segments follows. Print Systems : The Print Systems segment is comprised of two lines of business: Prepress Solutions and Electrophotographic Printing Solutions. Enterprise Inkjet Systems : The Enterprise Inkjet Systems segment is comprised of two lines of business: the Prosper business and the Versamark business. Software and Solutions : The Software and Solutions segment is comprised of two lines of business: Unified Workflow Solutions and Kodak Technology Solutions. Consumer and Film : The Consumer and Film segment is comprised of three lines of business: Industrial Film and Chemicals, Motion Picture and Consumer Products (which includes Consumer Inkjet Solutions). Advanced Materials and 3D Printing Technology : The Advanced Materials and 3D Printing Technology segment includes the Kodak Research Laboratories and associated new business opportunities and intellectual property licensing not directly related to other business segments. Eastman Business Park : The Eastman Business Park segment includes the operations of the Eastman Business Park, a more than 1,200 acre technology center and industrial complex. Segment financial information is shown below. Asset information by segment is not disclosed as this information is not separately identified and reported to the Chief Operating Decision Maker. Net Revenues from Continuing Operations by Reportable Segment
Year Ended December 31,
2018
2017
(in millions)
Print Systems
$
895
$
942
Enterprise Inkjet Systems
136
144
Software and Solutions
84
85
Consumer and Film
189
198
Advanced Materials and 3D Printing Technology
4
1
Eastman Business Park
17
16
Consolidated total
$
1,325
$
1,386
Segment Measure of Profit and Loss Kodak’s segment measure of profit and loss is an adjusted earnings before interest, taxes, depreciation and amortization (“Operational EBITDA”). As demonstrated in the table below, Operational EBITDA represents the earnings (loss) from continuing operations excluding the provision (benefit) for income taxes; depreciation and amortization expense; restructuring costs and other; stock-based compensation expense; consulting and other costs; idle costs; other operating expense (income), net (unless otherwise indicated); goodwill impairment loss; interest expense; pension income excluding service cost component and other charges, net. Kodak’s segments are measured using Operational EBITDA both before and after allocation of corporate selling, general and administrative expenses (“SG&A”). The segment earnings measure reported is after allocation of corporate SG&A as this most closely aligns with U.S. GAAP. Research and development activities not directly related to the other segments are reported within the Advanced Materials and 3D Printing Technology segment. Change in Segment Measure of Profit and Loss During the first quarter of 2018 the segment measure was changed to exclude amortization of prior service costs and credits which, due to the adoption of ASU 2017-17, are no longer reported in the same line item as other compensation costs arising from services rendered during the period. Refer to the Recently Adopted Accounting Pronouncements section of Note 1, “Basis of Presentation and Recent Accounting Pronouncements.” 2019 Segments Change in Segments Effective in January 2019 Kodak changed its organizational structure. Kodak Technology Solutions, formerly part of the Software and Solutions segment, was moved into the Consumer and Film segment. The Consumer and Film segment was renamed the Brand, Film & Imaging segment. The Unified Workflow Solutions business, formerly part of the Software and Solutions segment, will operate as a dedicated segment named Kodak Software segment. Change in Segment Measure of Profitability During the first quarter of 2019 the segment measure was changed to exclude the costs, net of any rental income received, of underutilized portions of certain properties. Additionally, the allocation of costs from Eastman Business Park (“EBP”) to the Consumer and Film segment and Advanced Materials and 3D Printing Technology segment as tenants of EBP and to each of the segments as users of shared corporate space at the global headquarters is changing. Segment Operational EBITDA and Consolidated Earnings (Loss) from Continuing Operations Before Income Taxes
Year Ended December 31,
(in millions)
2018
2017
Print Systems
$
27
$
49
Enterprise Inkjet Systems
4
3
Software and Solutions

(1
)
Consumer and Film
(19
)
(18
)
Advanced Materials and 3D Printing Technology
(14
)
(27
)
Eastman Business Park
3
4
Total of reportable segments
1
10
Depreciation and amortization
(70
)
(77
)
Restructuring costs and other
(17
)
(38
)
Stock-based compensation
(6
)
(9
)
Consulting and other costs (1)
(14
)
(5
)
Idle costs (2)
(3
)
(4
)
Other operating (expense) income, net (3)
(9
)
(28
)
Goodwill impairment loss (3)

(56
)
Interest expense (3)
(9
)
(8
)
Pension income excluding service cost component (3)
131
152
Other income (charges), net (3)
(17
)
37
Consolidated loss from continuing operations before income taxes
$
(13
)
$
(26
)
(1)
Consulting and other costs are professional services and internal costs associated with certain corporate strategic initiatives, including the divestiture of the Flexographic Packaging segment and debt refinancing.
(2)
Consists of third-party costs such as security, maintenance, and utilities required to maintain land and buildings in certain locations not used in any Kodak operations.
(3)
As reported in the Consolidated Statement of Operations. Kodak reduced workers’ compensation reserves by approximately $5 million in 2018 due to changes in discount rates and reduction in estimated losses. The reduction in reserves impacted gross profit by approximately $3 million and SG&A by approximately $2 million. Amortization and depreciation expense by segment are not included in the segment measure of profit and loss but are regularly provided to the Chief Operating Decision Maker.
(in millions)
Year Ended December 31,
Intangible asset amortization expense from continuing operations:
2018
2017
Print Systems
$
6
$
8
Enterprise Inkjet Systems
4
3
Software & Solutions

1
Consumer & Film
1
1
Advanced Materials and 3D Printing

4
Consolidated total
$
11
$
17
(in millions)
Year Ended December 31,
Depreciation expense from continuing operations:
2018
2017
Print Systems
$
38
$
37
Enterprise Inkjet Systems
8
8
Software & Solutions
2
1
Consumer & Film
3
7
Advanced Materials and 3D Printing
3
4
Eastman Business Park
5
3
Consolidated total
$
59
$
60
(in millions)
Year Ended December 31,
Long-lived assets (1)
2018
2017
The United States
$
104
$
114
Europe, Middle East and Africa
35
50
Asia Pacific
40
48
Canada and Latin America
67
82
Non-U.S. countries total (2)
142
180
Consolidated total
$
246
$
294
(1)
Long-lived assets are comprised of property, plant and equipment, net.
(2)
Of the total non-U.S. property, plant and equipment in 2018, $60 million are located in Brazil and $31 million are located in China. Of the total non-U.S. property, plant and equipment in 2017, $71 million are located in Brazil and $38 million are located in China. Major Customers No single customer represented 10% or more of Kodak’s total net revenue in any year presented.

Note 27 - Discontinued Operatio

Note 27 - Discontinued Operations12 Months Ended
Dec. 31, 2018
Discontinued Operations And Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]NOTE 27: DISCONTINUED OPERATIONS Discontinued operations of Kodak include the Flexographic Packaging segment. Flexographic Packaging segment In November 2018 Kodak announced it had entered into a Stock and Asset Purchase Agreement (“SAPA”) with MIR Bidco, SA for the sale of its Flexographic Packaging segment. The purchase price is $340 million, which is subject to purchase price adjustments as described in the SAPA. The results of operations of the Flexographic Packaging Business (the ”Business”) are classified as discontinued operations in the Consolidated Statement of Operations for all periods presented. Additionally, the assets and liabilities associated with the Business are classified as held for sale in the Consolidated Statement of Financial Position as of December 31, 2018 and 2017. Kodak anticipates the sale of the Business will close during the second quarter of 2019. The results of operations of the Business are presented below:
Year Ended December 31,
(in millions)
2018
2017
Revenues
$
148
$
145
Cost of sales
90
87
Selling, general and administrative expenses
21
15
Research and development expenses
8
6
Interest expense
27
24
Earnings from continuing operations before income taxes
2
13
Provision for income taxes
9
10
(Loss) earnings from discontinued operations
$
(7
)
$
3
In addition to the earnings from the Business, earnings from discontinued operations in the Consolidated Statement of Operations for December 31, 2017 includes losses of $2 million associated with businesses disposed of in previous years. Interest was allocated to discontinued operations based on an estimated debt paydown of the Term Credit Agreement. The following table presents the aggregate carrying amount of major assets and liabilities of the Business:
(in millions)
2018
2017
ASSETS
Cash and cash equivalents
$
2
$
1
Trade receivables, net
28
29
Inventories, net
33
30
Property, plant and equipment, net
28
20
Goodwill
20
20
Intangible assets
1
2
Other assets
1

Assets of business held for sale
$
113
$
102
LIABILITIES
Accounts payable, trade
$
9
$
14
Other current liabilities
7
7
Pension and other postretirement liabilities
4
4
Liabilities of business held for sale
$
20
$
25
A dedicated entity of the Business had intercompany receivables with Kodak of approximately $5 million as of December 31, 2018 and 2017 that are part of the proposed transaction but are not reflected in the table above as these amounts have been eliminated in deriving the consolidated financial statements. Current assets held for sale as of December 31, 2017 in the Consolidated Statement of Financial Position included $2 million of assets under contract for sale not associated with the Business. The following table presents cash flow information associated with the Business:
Year Ended December 31,
(in millions)
2018
2017
Depreciation
$
2
$
2
Amortization
1
1
Capital expenditures
7
12
Depreciation and amortization of long-lived assets of the Business included in discontinued operations ceased on December 1, 2018. Direct operating expenses of the discontinued operations are included in the results of discontinued operations. Indirect expenses that were historically allocated to the discontinued operations have been included in the results of continuing operations. Prior period results have been reclassified to conform to the current period presentation.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts12 Months Ended
Dec. 31, 2018
Valuation And Qualifying Accounts [Abstract]
Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]Schedule II Eastman Kodak Company Valuation and Qualifying Accounts
Beginning
Net Deductions
Ending
(in millions)
Balance
Additions
and Other
Balance
Year ended December 31, 2018
Reserve for doubtful accounts
$
9
4
4
$
9
Deferred tax valuation allowance
$
856
74
77
$
853
Year ended December 31, 2017
Reserve for doubtful accounts
$
8
5
4
$
9
Deferred tax valuation allowance
$
1,209
140
493
$
856

Significant Accounting Policies

Significant Accounting Policies (Policies)12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]
Accounting Principles Policy [Policy Text Block]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.
Consolidation, Policy [Policy Text Block]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, Policy [Policy Text Block]GOING CONCERN The consolidated financial statements have been prepared on the going concern basis of accounting, which assumes Kodak will continue to operate as a going concern and which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. The Company has $395 million of outstanding indebtedness under the Term Credit Agreement. The loans made under the Term Credit Agreement become due on the earlier to occur of (i) the maturity date of September 3, 2019 or (ii) the acceleration of such loans following the occurrence of an event of default (as defined in the Term Credit Agreement). The Company also has issued approximately $85 million and $96 million of letters of credit under the ABL Credit Agreement as of December 31, 2018 and 2017, respectively. Should the Company not repay, refinance or extend the maturity of the loans under the existing Term Credit Agreement prior to June 5, 2019, the termination date will occur under the ABL Credit Agreement on such date unless the ABL Credit Agreement has been amended in the interim. Upon the occurrence of the termination date under the ABL Credit Agreement, the obligations thereunder will become due and the Company will need to provide alternate collateral in place of the letters of credit issued under the ABL Credit Agreement. As of December 31, 2018 and 2017, Kodak had approximately $246 million and $343 million, respectively, of cash and cash equivalents. $117 million and $172 million was held in the U.S. as of December 31, 2018 and 2017, respectively, and $129 million and $171 million were held outside the U.S. Cash balances held outside the U.S. are generally required to support local country operations and may have high tax costs or other limitations that delay the ability to repatriate, and therefore may not be readily available for transfer to other jurisdictions. Outstanding inter-company loans to the U.S. as of December 31, 2018 and 2017 were $390 million and $358 million, respectively, which includes short-term intercompany loans from Kodak’s international finance center of $92 million and $59 million as of December 31, 2018 and 2017, respectively. In China, where approximately $72 million and $108 million of cash and cash equivalents was held as of December 31, 2018 and 2017, respectively, there are limitations related to net asset balances that may impact the ability to make cash available to other jurisdictions in the world. Kodak had a net decrease in cash, cash equivalents, and restricted cash of $102 million and $109 million for the years ended December 31, 2018, and 2017, respectively. U.S. GAAP requires an evaluation of whether there are conditions or events, considered in the aggregate, that raise substantial doubt about an entity’s ability to continue as a going concern within one year after the date the financial statements are issued. Initially, this evaluation does not consider the potential mitigating effect of management’s plans that have not been fully implemented. When substantial doubt exists, management evaluates the mitigating effect of its plans if it is probable that (1) the plans will be effectively implemented within one year after the date the financial statements are issued, and (2) when implemented, the plans will mitigate the relevant conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date the financial statements are issued or prior to the conditions or events that create the going concern risk. As of the date of issuance of these financial statements, Kodak has debt coming due within twelve months and does not have committed financing or available liquidity to meet such debt obligations if they were to become due in accordance with their current terms. Reporting requirements under the Term Credit Agreement require the Company to provide annual audited financial statements accompanied by an opinion of an independent public accountant without a “going concern” or like qualification or exception and without any qualification or exception as to the scope of such audit or other material qualification or exception, except for any such qualification or exception with respect to any indebtedness maturing within 364 days after the date of such financial statements. Lenders may take the position that the going concern explanatory paragraph contained in the audit report on the Company’s financial statements as of and for the year ended December 31, 2018 does not satisfy the requirements under the Term Credit Agreement. Under the Term Credit Agreement, if notice of a failure to comply with the reporting covenant is given to the Company by the lenders, an event of default would occur thereunder if such failure is not cured within thirty days after such notice is given, unless such event of default is waived by the requisite lenders. In the event of default, the debt could become immediately due. The Company’s ABL Credit Agreement contains an opinion delivery requirement that corresponds to the requirement under the Term Credit Agreement, although under the ABL Credit Agreement there is an additional requirement that the opinion be reasonably acceptable to the agent under the ABL Credit Agreement. On March 31, 2019 the Company obtained a waiver from the agent and lenders under the ABL Credit Agreement with respect to any event of default under the reporting covenant that may be deemed to occur in relation to the going concern explanatory paragraph in the audit report. Kodak entered into an agreement to sell its Flexographic Packaging Division (“FPD”) on November 11, 2018. The Company expects to close the sale of FPD as early as April 8, 2019 and intends to use the proceeds of such sale to reduce the loans outstanding under the Term Credit Agreement. The Company has also been engaged in negotiations to refinance the portion of the Term Credit Agreement that will not be paid from proceeds from the sale of FPD. The Company intends to amend and restate or refinance the Term Credit Agreement prior to the maturity of the Term Credit Agreement or ABL Credit Agreement and prior to the date on which any event of default would occur under the Term Credit Agreement. Additionally, Kodak is facing liquidity challenges due to operating losses and negative cash flow. Based on forecasted cash flows, there are uncertainties regarding Kodak’s ability to meet commitments in the U.S. as they come due. Kodak’s plans to improve cash flow include reducing interest expense by decreasing the debt balance using proceeds from asset sales, including the sale of the Flexographic Packaging segment; further restructuring Kodak’s cost structure; and paring investment in new technology by eliminating, slowing, and partnering with investors in product development programs. The sale of the Flexographic Packaging segment and/or refinancing of the loans under the Term Credit Agreement are not solely within Kodak’s control. Executing agreements for the sale or a refinancing of and the timing for a closing of the sale or a refinancing of the loans under the Term Credit Agreement are dependent upon several external factors outside Kodak’s control, including but not limited to, the ability of the Company to reach acceptable agreements with different counterparties and the time required to meet conditions to closing under a sale agreement or credit facility. Kodak makes no assurances regarding the likelihood, certainty or timing of consummating any asset sales, including of the Flexographic Packaging segment, refinancing of the Company’s existing debt, or regarding the sufficiency of any such actions to meet Kodak’s debt obligations, including compliance with debt covenants, or other commitments in the U.S. as they come due. These conditions raise substantial doubt about Kodak’s ability to continue as a going concern . For more information regarding the Term Credit Agreement, the ABL Credit Agreement and debt covenants see Note 9, “Debt and Capital Leases”.
Reclassification, Policy [Policy Text Block]RECLASSIFICATIONS Certain amounts for prior periods have been reclassified to conform to the current period classification due to adoption of Accounting Standards Update (“ASU”) ASU 2017-07, Compensation – Retirements Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and New Periodic Postretirement Benefit Cost and a change in segment measure to exclude amortization of prior service costs and credits. Refer to Note 1, Summary of Significant Accounting Policies – Recently Adopted Accounting Standards and Note 26, “Segment Information” for additional information.
Use of Estimates, Policy [Policy Text Block]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 Transactions and Translations Policy [Policy Text Block]FOREIGN CURRENCY For most subsidiaries and branches outside the U.S., the local currency is the functional currency. The financial statements of these subsidiaries and branches are translated into U.S. dollars as follows: assets and liabilities at year-end exchange rates; revenue, expenses and cash flows at average exchange rates; and shareholders’ equity at historical exchange rates. For those subsidiaries for which the local currency is the functional currency, the resulting translation adjustment is recorded as a component of Accumulated other comprehensive loss in the accompanying Consolidated Statement of Financial Position. For certain other subsidiaries and branches outside the U.S., operations are conducted primarily in U.S. dollars, which is therefore the functional currency. Monetary assets and liabilities of these foreign subsidiaries and branches, which are recorded in local currency, are remeasured at year-end exchange rates, while the related revenue, expense, and gain and loss accounts, which are recorded in local currency, are remeasured at average exchange rates. Non-monetary assets and liabilities, and the related revenue, expense, and gain and loss accounts, are remeasured at historical exchange rates. Adjustments that result from the remeasurement of the assets and liabilities of these subsidiaries are included in Other (income) charges, net in the accompanying Consolidated Statement of Operations. The effects of foreign currency transactions, including related hedging activities, are included in Other (income) charges, net, in the accompanying Consolidated Statement of Operations.
Concentration Risk, Credit Risk, Policy [Policy Text Block]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 and Cash Equivalents, Policy [Policy Text Block]CASH EQUIVALENTS All highly liquid investments with a remaining maturity of three months or less at date of purchase are considered to be cash equivalents.
Inventory, Policy [Policy Text Block]INVENTORIES 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, Policy [Policy Text Block]PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment are recorded at cost, net of accumulated depreciation. Kodak capitalizes additions and improvements while maintenance and repairs are charged to expense as incurred. Upon sale or other disposition, the applicable amounts of asset cost and accumulated depreciation are removed from the accounts and the net amount, less proceeds from disposal, is charged or credited to net (loss) earnings. Kodak calculates depreciation expense using the straight-line method over the assets’ estimated useful lives, which are as follows:
Estimated Useful Lives
Buildings and building improvements
5-40
Land improvements
4-20
Leasehold improvements
3-20
Equipment
3-20
Tooling
1-3
Furniture and fixtures
5-10 Kodak depreciates leasehold improvements over the shorter of the lease term or the asset’s estimated useful life. Equipment subject to operating leases is included in Property, plant and equipment, net in the Consolidated Statement of Financial Position. Equipment subject to operating leases consists of equipment rented to customers and is depreciated to estimated salvage value over its expected useful life. Equipment operating lease terms and depreciable lives generally vary from 3 to 7 years.
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]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, Policy [Policy Text Block]WORKERS’ COMPENSATION Kodak self-insures and participates in high-deductible insurance programs with retention and per occurrence deductible levels for claims related to workers’ compensation. The estimated liability for workers’ compensation is based on actuarially estimated, discounted cost of claims, including claims incurred but not reported. Historical loss development factors are utilized to project the future development of incurred losses, and the amounts are adjusted based on actual claim experience, settlements, claim development trends, changes in state regulations and judicial interpretations. Refer to Note 7, “Other Current Liabilities” and Note 8, “Other Long-Term Liabilities” for the estimated liabilities. Amounts recoverable from insurance companies or third parties are estimated using historical experience and estimates of future recoveries. Estimated recoveries are not offset against the related accrual. The amount recorded for the estimated recoveries at December 31, 2018 and 2017 was $20 million and $25 million, respectively, of which $17 million and $22 million, respectively, is reported in Other long-term assets in the Consolidated Statement of Financial Position. The remaining $3 million at each year end is reported in Other current assets in the Consolidated Statement of Financial Position.
Revenue Recognition, Policy [Policy Text Block]REVENUE Kodak’s revenue transactions include sales of products (such as components and consumables for use in Kodak and other manufacturers’ equipment and film-based products): equipment, software, services, integrated solutions, intellectual property and brand licensing; and real estate management activities. Revenue from services includes extended warranty, customer support and maintenance agreements, consulting, business process services, training and education. Revenue is recognized when control of the promised goods or services is transferred to customers in an amount that reflects the consideration Kodak expects to be entitled to in exchange for those goods or services. For product sales (such as plates, film, inks, chemicals and other consumables) revenue is recognized when control has transferred from Kodak to the buyer, which may be upon shipment or upon delivery to the customer site, based on contract terms or legal requirements in certain jurisdictions. Service revenue is recognized using the time-based method ratably over the contractual period as it best depicts when the customer receives the benefit from the service. Service revenue for time and materials-based agreements is recognized as services is performed. Equipment is generally dependent on, and interrelated with, the underlying operating system (firm ware) and cannot function without the operating system. In these cases, the hardware and software license are accounted for as a single performance obligation. Contracts with customers may include multiple performance obligations including equipment, and optional software licenses and service agreements. Service agreements may be prepaid or paid over-time and range from three months to six years. For such arrangements, revenue is allocated to each performance obligation based on its relative standalone selling price. Standalone selling prices are based on the prices charged to customers or using expected cost-plus margin. For non-complex equipment installations and software sales (Prepress and Prosper Components and Unified Workflow Solutions businesses) revenue is recognized when control of each distinct performance obligation has transferred from Kodak to the buyer, which is generally met when the equipment or software is delivered and installed at the customer site as delivery and installation generally occur within the same period. For complex equipment installations or integrated software solutions (Prosper Presses, Electrophotographic Printing Solutions Printers, Unified Workflow Solutions) revenue is deferred until receipt of customer acceptance and control has transferred to the buyer. Software licenses are sold both in bundled equipment arrangements as discussed above or on a stand-alone basis (Unified Workflow Solutions business). Software licenses are generally perpetual and are usually sold with post-contract support services (“PCS”) which are considered distinct performance obligations as the customer’s use of the existing software is not dependent upon future upgrades. Kodak recognizes software revenue at the time that the customer obtains control over the software which generally occurs upon installation while revenue allocated to the PCS is recognized over the service period. In service arrangements such as consulting or business process services (Kodak Technology Solutions business) where final acceptance by the customer is required, revenue is deferred until all acceptance criteria have been met and Kodak has a legal right to payment. Kodak’s licensing revenue is comprised of software licenses as discussed above, licenses to use functional intellectual property (patents and technical know-how) and licenses to use symbolic intellectual property (brand names and trademarks) (Consumer and Film businesses). The timing and the amount of revenue recognized from the licensing of intellectual property depends upon a variety of factors, including the nature of the performance obligations (functional vs. symbolic licenses) specific terms of each agreement, and the payment terms. Aside from software licenses discussed above, Kodak’s functional licenses generally provide the right to use functional intellectual property; therefore, non-sales/usage-based revenue is recognized when the customer has the right to use the intellectual property while sales and usage-based royalties are recognized in the period the related sales and usage occurs. Revenue for symbolic licenses such as brand licenses are recognized over time. Real estate management revenue consists primarily of tenant lease income, common area maintenance charges and utilities. Usage based revenue is recognized as earned while tenant lease income is recognized on a straight-line basis over the lease term. Deferred revenue is recorded when cash payments are received in advance of satisfying performance obligations such as deposits required in advance on equipment orders, prepaid service contracts, prepaid tenant lease income or prepaid royalties on intellectual property arrangements. Interest expense is imputed for payments received greater than one year in advance of performance. Payment terms and conditions vary by contract type, although terms generally include a requirement of payment within 30 to 60 days. Kodak applies the practical expedient with respect to implied financial components and only imputes interest for payment terms greater than one year. Sales and usage-based taxes are excluded from revenues. Certain customers may receive cash-based incentives or credits, which are accounted for as variable consideration. Kodak estimates these amounts based on the expected amount to be provided to customers. Kodak expenses sales commissions when incurred if the amortization period would be one year or less. These costs are recorded in Selling, general and administrative expenses. Kodak accrues the estimated cost of post-sale obligations, including basic product warranties, at the time of revenue recognition. Shipping and handling costs are accounted for as fulfillment costs and are included in cost of sales. Kodak does not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less or for which revenue is recognized at the amount to which Kodak has the right to invoice for services performed. Performance obligations with an original expected length of greater than one year generally consist of deferred service contracts, operating leases and licensing arrangements. As of December 31, 2018, there was approximately $70 million of unrecognized revenue from unsatisfied performance obligations. Approximately 35% of the revenue from unsatisfied performance obligations is expected to be recognized in 2019, 30% in 2020, 15% in 2021 and 20% thereafter.
Research and Development Expense, Policy [Policy Text Block]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 Costs, Policy [Policy Text Block]ADVERTISING Advertising costs are expensed as incurred and are included in Selling, general and administrative expenses in the accompanying Consolidated Statement of Operations. Advertising expenses amounted to $4 million and $6 million for the years ended December 31, 2018 and 2017, respectively.
Shipping and Handling Costs [Policy Text Block]SHIPPING AND HANDLING COSTS Amounts charged to customers and costs incurred by Kodak related to shipping and handling are included in net sales and cost of sales, respectively.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]IMPAIRMENT OF LONG-LIVED ASSETS 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 Tax, Policy [Policy Text Block]INCOME TAXES Kodak recognizes deferred tax liabilities and assets for the expected future tax consequences of operating losses, credit carry-forwards and temporary differences between the carrying amounts and tax basis of Kodak’s assets and liabilities. Kodak records a valuation allowance to reduce its net deferred tax assets to the amount that is more likely than not to be realized. For discussion of the amounts and components of the valuation allowances as of December 31, 2018 and 2017, refer to Note 17, “Income Taxes.” The undistributed earnings of Kodak’s foreign subsidiaries are not considered permanently reinvested. Kodak has recognized a deferred tax liability (net of related foreign tax credits) on the foreign subsidiaries’ undistributed earnings.
New Accounting Pronouncements, Policy [Policy Text Block]RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS In February 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) ASU 2018-05, “Income Taxes (Topic 740): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118” (“ASU 2018-05”), which updates the income tax accounting in U.S. generally accepted accounting principles (GAAP) to reflect the SEC interpretive guidance released on December 22, 2017, when the 2017 Act was signed into law. Additional information regarding the adoption of this standard is contained in Note 17, Income Taxes. In March 2017, the FASB issued ASU 2017-07, Compensation—Retirements Benefits (Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. ASU 2017-07 requires entities to report the service cost component of net periodic pension and postretirement benefit cost in the same line item(s) as other compensation costs arising from services rendered during the period and to report all other components of net benefit costs outside a subtotal of income from operations. In addition, the ASU allows only the service cost component to be eligible for capitalization when applicable. Kodak adopted ASU 2017-07 effective January 1, 2018, retrospectively for the presentation of the service cost and other cost components and prospectively for the application of the capitalization eligibility. The components of net benefit cost are shown in Note 19, “Retirement Plans” and Note 20, “Other Postretirement Benefits”. The guidance impacted presentation in Kodak’s consolidated financial statements and the capitalization of costs to inventory. The presentation of the service cost component was consistent with the requirements of the new standard. The other components (which were presented within Cost of revenues, Selling and general administrative expenses and Research and development costs) are being presented separately on the face of the Consolidated Statement of Operations. The segment measure of profit and loss previously included only the service cost and amortization of prior service credits components of net periodic pension and postretirement benefit costs (refer to Note 26, “Segment Information”). Effective January 1, 2018, the segment measure of profit and loss only includes the service cost component of net periodic pension and postretirement benefit costs and prior periods have been reclassified to conform to this presentation. In February 2017, the FASB issued ASU 2017-05, Other Income—Gains and Losses from the Derecognition of Nonfinancial Assets (Subtopic 610-20): Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets. ASU 2017-05 defines in-substance nonfinancial assets, provides guidance with respect to accounting for partial sales of nonfinancial assets and conforms the derecognition guidance on nonfinancial assets with the model for transactions in the new revenue standard (Topic 606 as described below). Kodak adopted ASU 2017-05 effective January 1, 2018 using the modified retrospective adoption approach. The application of this standard did not have a material impact on Kodak’s consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, Financial Instruments—Overall (Topic 825): Recognition and Measurement of Financial Assets and Financial Liabilities. ASU 2016-01 primarily affects the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. Under the ASU all equity investments in unconsolidated entities (other than those accounted for using the equity method of accounting) will generally be measured at fair value through earnings. In addition, the FASB clarified guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. Kodak adopted ASU 2016-01 effective January 1, 2018. The adoption of this guidance did not have a material impact on Kodak’s consolidated financial statements. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” ASU 2014-09 supersedes the revenue recognition requirements in Topic 605, “Revenue Recognition” and most industry-specific guidance. The core principle of ASU 2014-09 is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. Kodak adopted the provisions of the new standard effective January 1, 2018 using the modified retrospective method which allows companies to record a one-time adjustment to opening retained earnings for the cumulative effect of the standard on open contracts at the time of adoption. Kodak derives revenue from various brand licensing arrangements, which may include upfront payments and/or sales-based royalties subject to minimum annual guaranteed amounts. Kodak recorded a cumulative effect adjustment of approximately $10 million as a decrease to the opening balance of retained earnings related to these arrangements. With the exception of brand license revenue, Kodak did not identify any changes in the timing of revenue recognition that resulted in a material transition adjustment. The cumulative effect of the changes made to the Consolidated Statement of Financial Position for January 1, 2018 for the adoption of ASU 2014-09 were as follows. The net reduction in opening retained earnings primarily reflected the impact related to brand licensing revenues.
(in millions)
Balance at December 31, 2017
Adjustments Due to ASU 2014-09
Balance at January 1, 2018
Liabilities
Other current liabilities
$
211
$
2
$
213
Other long-term liabilities
202
8
210
Deficit
Accumulated Deficit
(174
)
(10
)
(184
) The impact of the adoption on the Consolidated Statement of Operations and Consolidated Statement of Financial Position are presented in the tables below. For the year ended December 31, 2018, Kodak recognized $3 million of the $10 million cumulative effect adjustment recorded under ASC 606, however, this revenue was offset by $3 million of revenue under new brand licensing arrangements that was deferred under ASC 606 but would have been recognized in 2018 under ASC 605.
Year Ended December 31, 2018
(in millions)
As Reported
Amounts without Adoption of ASU 2014-09
Effect of Change Higher (Lower)
Revenues
Sales
$
1,044
$
1,044
$

Services
$
281
281

Total revenues
1,325
1,325

Net loss
$
(16
)
$
(16
)
$

December 31, 2018
(in millions)
As Reported
Balances without Adoption of ASU 2014-09
Effect of Change Higher (Lower)
Liabilities
Other current liabilities
$
213
$
209
$
4
Other long-term liabilities
179
173
6
Deficit
Accumulated Deficit
(200
)
(190
)
(10
) RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS In September 2018, the FASB issued ASU 2018-14, Compensation—Retirement Benefits—Defined Benefit Plans—General (Subtopic 715-20): Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans, which amends the disclosure requirements in ASC 715-20 by adding, clarifying, or removing certain disclosures. ASU 2018-14 requires all entities to disclose (1) the weighted average interest crediting rates for cash balance plans and other plans with promised interest crediting rates, and (2) an explanation of the reasons for significant gains and losses related to changes in the benefit obligation for the period. The ASU also clarifies certain disclosure requirements for entities with two or more defined benefit pension plans when aggregate disclosures are presented. The ASU removes other disclosures from the existing guidance, such as the requirement to disclose the effects of a one-percentage-point change in the assumed health care cost trend rates. The ASU is effective retrospectively for fiscal years ending after December 15, 2020 (December 31, 2020 for Kodak). Early adoption is permitted. The standard addresses disclosures only and will not have an impact on Kodak’s consolidated financial statements. Kodak will retrospectively adopt the ASU December 31, 2020. In September 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement, which amends the disclosure requirements in ASC 820 by adding, changing, or removing certain disclosures. The ASU applies to disclosures about recurring or nonrecurring fair value measurements. The additional and/or modified disclosures relate primarily to Level 3 fair value measurements while removing certain disclosures related to transfers between Level 1 and Level 2 of the fair value hierarchy. The ASU is effective retrospectively, for fiscal years beginning after December 15, 2019 (January 1, 2020 for Kodak) and interim periods within those fiscal years. Entities are permitted to early adopt any removed or modified disclosures but can delay adoption of the new disclosures until their effective date. Kodak retrospectively early adopted the provisions of the ASU that removed or modified disclosures in the fourth quarter of 2018 and expects to prospectively adopt the provisions related to new disclosures January 1, 2020. The standard addresses disclosures only and will not have an impact on Kodak’s consolidated financial statements. In August 2018, the FASB issued ASU 2018-15, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract, which addresses how a customer should account for the costs of implementing a cloud computing service arrangement (also referred to as a “hosting arrangement”). Under ASU 2018-15, entities should account for costs associated with implementing a cloud computing arrangement that is considered a service contract in the same way as implementation costs associated with a software license; implementation costs incurred in the application development stage, such as costs for the cloud computing arrangement’s integration with on-premise software, coding, and configuration or customization, should be capitalized and amortized over the term of the cloud computing arrangement, including periods covered by certain renewal options. The ASU is effective in fiscal years beginning after December 15, 2019 (January 1, 2020 for Kodak) including interim periods within those fiscal years. Early adoption is permitted. The ASU should be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. In February 2018, the FASB issued ASU 2018-02, “Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income”. The ASU addresses certain stranded income tax effects in accumulated other comprehensive income (AOCI) resulting from the Tax Cuts and Jobs Act (the “2017 Tax Act”). The ASU provides an option to reclassify stranded tax effects within AOCI to retained earnings in each period in which the effect of the change in the U.S. federal corporate income tax rate in the 2017 Tax Act (or portion thereof) is recorded and requires additional disclosures. The ASU is effective for fiscal years beginning after December 15, 2018 (January 1, 2019 for Kodak) and interim periods within those fiscal years. Early adoption is permitted and may be applied either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the 2017 Tax Act is recognized. Kodak plans to adopt the new standard on the effective date. The adoption of this ASU will not have an impact on the Consolidated Financial Statements as a result of Kodak’s U.S. valuation allowance. In June 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. ASU 2016-13 (including amendments in ASU 2018-19) requires a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. In addition, the ASU requires credit losses relating to available-for-sale debt securities to be recorded through an allowance for credit losses. The amendments in this ASU broaden the information that an entity must consider in developing its expected credit loss estimate for assets measured either collectively or individually. The new standard is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2019 (January 1, 2020 for Kodak). Early adoption is permitted. is currently evaluating the impact of this ASU. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). Topic 842 (as amended by ASU’s 2018-01, 10, 11 and 20) requires lessees to recognize most leases on their balance sheets as lease liabilities with corresponding right-of-use assets and eliminates certain real estate-specific provisions. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases and operating leases. The new leasing standard is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2018 (January 1, 2019 for Kodak). Early adoption is permitted. The original guidance required application on a modified retrospective basis to the earliest period presented. ASU 2018-11, Targeted improvements to ASC 842, includes an option to not restate comparative periods in transition and elect to use the effective date of ASC 842 as the date of initial application of transition. Kodak adopted the new standard on the effective date applying the new transition method allowed under ASU 2018-11 and continues to evaluate the impact of adoption on its financial statements. Kodak is continuing to accumulate all the necessary information required to properly account for the leases under the new standard. Kodak anticipates that the adoption of the amended lease guidance will materially increase the assets and liabilities recorded in its Consolidated Statement of Financial Position due to the recognition of right-of-use assets and liabilities. Kodak will also recognize a cumulative-effect adjustment to increase retained earnings of approximately $5 million due to the derecognition of assets and deferred gain on previous sale-leaseback transactions. In addition, certain changes to Kodak’s systems and processes may be made related to the new lease accounting requirements.

Note 1 - Summary of Significa_2

Note 1 - Summary of Significant Accounting Policies (Tables)12 Months Ended
Dec. 31, 2018
Property Plant And Equipment Estimated Useful Lives [Table Text Block]Kodak calculates depreciation expense using the straight-line method over the assets’ estimated useful lives, which are as follows:
Estimated Useful Lives
Buildings and building improvements
5-40
Land improvements
4-20
Leasehold improvements
3-20
Equipment
3-20
Tooling
1-3
Furniture and fixtures
5-10
ASU 2014-09 [Member]
Summary of Impact of Adoption of Accounting Standards on Consolidated Financial Statements [Table Text Block]The cumulative effect of the changes made to the Consolidated Statement of Financial Position for January 1, 2018 for the adoption of ASU 2014-09 were as follows. The net reduction in opening retained earnings primarily reflected the impact related to brand licensing revenues.
(in millions)
Balance at December 31, 2017
Adjustments Due to ASU 2014-09
Balance at January 1, 2018
Liabilities
Other current liabilities
$
211
$
2
$
213
Other long-term liabilities
202
8
210
Deficit
Accumulated Deficit
(174
)
(10
)
(184
) The impact of the adoption on the Consolidated Statement of Operations and Consolidated Statement of Financial Position are presented in the tables below. For the year ended December 31, 2018, Kodak recognized $3 million of the $10 million cumulative effect adjustment recorded under ASC 606, however, this revenue was offset by $3 million of revenue under new brand licensing arrangements that was deferred under ASC 606 but would have been recognized in 2018 under ASC 605.
Year Ended December 31, 2018
(in millions)
As Reported
Amounts without Adoption of ASU 2014-09
Effect of Change Higher (Lower)
Revenues
Sales
$
1,044
$
1,044
$

Services
$
281
281

Total revenues
1,325
1,325

Net loss
$
(16
)
$
(16
)
$

December 31, 2018
(in millions)
As Reported
Balances without Adoption of ASU 2014-09
Effect of Change Higher (Lower)
Liabilities
Other current liabilities
$
213
$
209
$
4
Other long-term liabilities
179
173
6
Deficit
Accumulated Deficit
(200
)
(190
)
(10
)

Note 2 - Cash, Cash Equivalen_2

Note 2 - Cash, Cash Equivalents and Restricted Cash (Tables)12 Months Ended
Dec. 31, 2018
Cash And Cash Equivalents [Abstract]
Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash [Text Block]The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Statement of Financial Position that sums to the total of such amounts shown in the Statement of Cash Flows:
As of December 31,
(in millions)
2018
2017
Cash and cash equivalents
$
246
$
343
Restricted cash included in Other current assets
8
8
Long-term restricted cash
11
17
Cash included in assets held for sale
2
1
Total cash, cash equivalents and restricted cash shown in the Statement of Cash Flows
$
267
$
369

Note 3 - Inventories, Net (Tabl

Note 3 - Inventories, Net (Tables)12 Months Ended
Dec. 31, 2018
Table [Text Block]
Schedule of Inventory, Current [Table Text Block]As of December 31,
(in millions)
2018
2017
Finished goods
$
119
$
132
Work in process
55
55
Raw materials
62
59
Total
$
236
$
246

Note 4 - Property, Plant and _2

Note 4 - Property, Plant and Equipment, Net and Equipment Subject to Operating Leases, Net (Tables)12 Months Ended
Dec. 31, 2018
Property Plant And Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]As of December 31,
(in millions)
2018
2017
Land
$
70
$
79
Buildings and building improvements
171
168
Machinery and equipment
417
414
Construction in progress
10
17
668
678
Accumulated depreciation
(422
)
(384
)
Property, plant and equipment, net
$
246
$
294
Equipment Subject to Operating Leases [Table Text Block]As of December 31,
(in millions)
2018
2017
Equipment subject to operating leases
$
34
$
40
Accumulated depreciation
(19
)
(18
)
Equipment subject to operating leases, net
$
15
$
22

Note 5 - Goodwill and Other I_2

Note 5 - Goodwill and Other Intangible Assets (Tables)12 Months Ended
Dec. 31, 2018
Table [Text Block]
Schedule of Goodwill [Table Text Block](in millions)
Print Systems
Software and Solutions
Consumer and Film
Consolidated Total
Balance as of December 31, 2016
$
56
$
6
$
6
$
68
Impairment
(56
)


(56
)
Balance as of December 31, 2017

6
6
12
Impairment




Balance as of December 31, 2018
$

$
6
$
6
$
12
Schedule of Finite Lived and Indefinite Lived Intangible Assets [Table Text Block]The gross carrying amount and accumulated amortization by major intangible asset category as of December 31, 2018 and 2017 were as follows:
As of December 31, 2018
Gross Carrying
Accumulated
Weighted-Average
(in millions)
Amount
Amortization
Net
Amortization Period
Technology-based
$
99
$
70
$
29
6 years
Kodak trade name
25

25
Indefinite life
Customer-related
11
7
4
5 years
Other
3
1
2
20 years
Total
$
138
$
78
$
60
As of December 31, 2017
Gross Carrying
Accumulated
Weighted-Average
(in millions)
Amount
Amortization
Net
Amortization Period
Technology-based
$
99
$
60
$
39
6 years
Kodak trade name
38

38
Indefinite life
Customer-related
11
6
5
6 years
Other
3
1
2
21 years
Total
$
151
$
67
$
84
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]Estimated future amortization expense related to intangible assets that are currently being amortized as of December 31, 2018 was as follows:
(in millions)
2019
$
7
2020
6
2021
5
2022
5
2023
4
2024 and thereafter
8
Total
$
35

Note 6 - Other Long-term Asse_2

Note 6 - Other Long-term Assets (Tables)12 Months Ended
Dec. 31, 2018
Other Assets Noncurrent Disclosure [Abstract]
Schedule of Other Long-Term Assets [Table Text Block]As of December 31,
(in millions)
2018
2017
Pension assets
$
82
$
43
Estimated workers' compensation recoveries
17
22
Long-term receivables, net of allowance of $4 million and $4 million
13
15
Other
32
33
Total
$
144
$
113

Note 7 - Other Current Liabil_2

Note 7 - Other Current Liabilities (Tables)12 Months Ended
Dec. 31, 2018
Other Liabilities Current [Abstract]
Other Current Liabilities [Table Text Block]As of December 31,
(in millions)
2018
2017
Employment-related liabilities
$
42
$
45
Deferred revenue
34
29
Customer rebates
26
27
Deferred consideration on disposed businesses (1)
24
10
Workers' compensation
9
10
Restructuring liabilities
8
10
Other
70
80
Total
$
213
$
211

Note 8 - Other Long-term Liab_2

Note 8 - Other Long-term Liabilities (Tables)12 Months Ended
Dec. 31, 2018
Disclosure Text Block Supplement [Abstract]
Other Long-term Liabilities [Table Text Block]As of December 31,
(in millions)
2018
2017
Workers' compensation
$
83
$
96
Asset retirement obligations
48
43
Deferred taxes
14
16
Environmental liabilities
10
12
Deferred consideration on disposed businesses

14
Other
24
21
Total
$
179
$
202

Note 9 - Debt And Capital Lea_2

Note 9 - Debt And Capital Leases (Tables)12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]
Debt And Capital Lease Obligations [Table Text Block]Debt and capital leases and related maturities and interest rates were as follows at December 31, 2018 and 2017 (in millions):
As of December 31,
2018
2017
(in millions)
Type
Maturity
Weighted-Average Effective Interest Rate
Carrying Value
Carrying Value
Current portion:
Term note
8.84%
$
394
$

Capital leases
Various
2
3
Other debt
Various

1
396
4
Non-current portion:
Term note
2019
8.84%

393
Capital leases
Various
Various
3
4
Other debt
Various
Various
2
2
5
399
$
401
$
403
Schedule Of Maturities Of Debt And Capital Leases Outstanding [Table Text Block]Annual maturities of debt and capital leases outstanding at December 31, 2018, were as follows (in millions):
(in millions)
Carrying Value
Maturity Value
2019
$
396
$
397
2020
1
1
2021
1
1
2022
1
1
2023


2024 and thereafter
2
2
Total
$
401
$
402

Note 11 - Commitments and Con_2

Note 11 - Commitments and Contingencies (Tables)12 Months Ended
Dec. 31, 2018
Commitments And Contingencies Disclosure [Abstract]
Schedule of Asset Retirement Obligations [Table Text Block]The following table provides asset retirement obligation activity (in millions):
For the Year Ended December 31,
2018
2017
Asset Retirement Obligations at start of period
$
43
$
38
Liabilities incurred in the current period
3
2
Liabilities settled in the current period
(3
)
(1
)
Accretion expense
2
1
Revision in estimated cash flows
3
3
Asset Retirement Obligations at end of period
$
48
$
43

Note 12 - Guarantees (Tables)

Note 12 - Guarantees (Tables)12 Months Ended
Dec. 31, 2018
Table [Text Block]
Deferred Revenue, by Arrangement, Disclosure [Table Text Block](in millions)
Deferred revenue on extended warranties as of December 31, 2016
$
23
New extended warranty and maintenance arrangements
123
Recognition of extended warranty and maintenance arrangement revenue
(124
)
Deferred revenue on extended warranties as of December 31, 2017
22
New extended warranty and maintenance arrangements
105
Recognition of extended warranty and maintenance arrangement revenue
(105
)
Deferred revenue on extended warranties as of December 31, 2018
$
22

Note 13 - Financial Instrumen_2

Note 13 - Financial Instruments (Tables)12 Months Ended
Dec. 31, 2018
Table [Text Block]
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]The net effect of foreign currency forward contracts in the results of operations is shown in the following table:
Year Ended December 31,
(in millions)
2018
2017
Net loss from derivatives not designated as hedging instruments
$
10
$
10
Derivative Liability (Asset) Key Inputs in Determination of Fair Value [Table Text Block]The following table presents the key inputs in the determination of fair value at December 31, 2018 and 2017:
Valuation Date
(in millions)
For the Year Ended December 31,
2018
2017
Total value of embedded derivative asset
$
4
$
4
Kodak's closing stock price
2.55
3.10
Expected stock price volatility
95.55
%
58.22
%
Risk free rate
2.46
%
2.08
%
Yield on the preferred stock
23.77
%
22.31
%

Note 14 - Revenue (Tables)

Note 14 - Revenue (Tables)12 Months Ended
Dec. 31, 2018
Revenue From Contract With Customer [Abstract]
Disaggregated Revenue by Major Product, Product Portfolio Summary and Geography [Table Text Block]The following tables present revenue disaggregated by major product, portfolio summary and geography. Major product:
Year Ended
December 31, 2018
Print Systems
Enterprise Inkjet Systems
Software & Solutions
Consumer & Film
Advanced Materials and 3D Printing Technology
Eastman Business Park
Total
Plates, inks and other consumables
$
685
$
32
$

$
16
$

$

$
733
Ongoing service arrangements (1)
132
79
48
3


262
Total Annuities
817
111
48
19


995
Equipment & Software
78
25
17



120
Film and chemicals



159


159
Other (2)


19
11
4
17
51
Total
$
895
$
136
$
84
$
189
$
4
$
17
$
1,325
(1)
Service revenue in the Consolidated Statement of Operations includes the ongoing service revenue shown above as well as revenue from project-based document management and managed print services businesses, which is included in Other above.
(2)
Other includes revenue from professional services, non-recurring engineering services, print and managed media services, tenant rent and related property management services and licensing. Product Portfolio Summary:
Year Ended
December 31, 2018
Print Systems
Enterprise Inkjet Systems
Software & Solutions
Consumer & Film
Advanced Materials and 3D Printing Technology
Eastman Business Park
Total
Growth engines (1)
$
159
$
84
$
84
$
11
$
3
$

$
341
Strategic other businesses (2)
700


162
1
17
880
Planned declining businesses (3)
36
52

16


104
$
895
$
136
$
84
$
189
$
4
$
17
$
1,325
(1)
Growth engines consist of Sonora, PROSPER, Software and Solutions, AM3D, excluding intellectual property (IP) licensing, and brand licensing.
(2)
Strategic Other Businesses include plates, Computer to Plate (“CTP”) and related service, and Nexpress and related toner business in the Print Systems segment, Motion Picture and Industrial Film and Chemicals in the Consumer and Film segment, Eastman Business Park and IP licensing.
(3)
Planned Declining Businesses are product lines where the decision has been made to stop new product development and manage an orderly expected decline in the installed product and annuity base. These product families consist of Consumer Inkjet in the Consumer and Film segment, Versamark in the Enterprise Inkjet Systems segment and Digimaster in the Print Systems segment. Geography (1)
Year Ended
December 31, 2018
Print Systems
Enterprise Inkjet Systems
Software & Solutions
Consumer & Film
Advanced Materials and 3D Printing Technology
Eastman Business Park
Total
United States
$
234
$
45
$
29
$
125
$
4
$
17
$
454
Canada
13
1
4
3


21
North America
247
46
33
128
4
17
475
Europe, Middle East and Africa
367
56
22
20


465
Asia Pacific
226
31
25
41


323
Latin America
55
3
4



62
Total Sales
$
895
$
136
$
84
$
189
$
4
$
17
$
1,325
(1)
Sales are reported in the geographic area in which they originate. No non-U.S. country generated more than 10% of net sales in the year ended December 31, 2018.

Note 15 - Other Operating Exp_2

Note 15 - Other Operating Expense (Income), Net (Tables)12 Months Ended
Dec. 31, 2018
Table [Text Block]
Schedule of Other Operating Expense (Income), by Component [Table Text Block]Year Ended December 31,
(in millions)
2018
2017
Expense (income):
Korea withholding tax refund (1)
$
16
$

Gains related to the sales of assets
(13
)
(8
)
Legal reserve changes
(6
)

Asset impairments (2) (3) (4)
13
24
Prosper asset remeasurement (5)

12
Other
(1
)

Total
$
9
$
28
(1)
Refer to Note 17, “Income Taxes”, section, “IRS and Korean National Tax Service Agreement”.
(2)
In the fourth quarter of 2018, Kodak recorded an impairment charge of $13 million related to the Kodak trade name. Refer to Note 5, “Goodwill and Other Intangible Assets.”
(3)
In the fourth quarter of 2017, Kodak recorded an impairment charge of $2 million related to the Kodak trade name. Refer to Note 5, “Goodwill and Other Intangible Assets.”
(4)
In the third quarter of 2017, due to canceling its copper mesh touch screen program, Kodak concluded that the carrying value of property, plant and equipment (PP&E) and intangible assets associated with those operations exceeded their fair value. Kodak recorded pre-tax impairment charges in the three months ended September 30, 2017 of $8 million related to the PP&E and $12 million for the intangible assets.
(5)
In the first quarter of 2017, Kodak reduced the carrying value of Prosper fixed assets ($8 million) and intangible assets ($4 million) to the amount that would have been recorded if the Prosper assets, which were previously presented as held for sale, had been continuously classified as held and used.

Note 16 - Other (Income) Char_2

Note 16 - Other (Income) Charges, Net (Tables)12 Months Ended
Dec. 31, 2018
Table [Text Block]
Schedule of Other Nonoperating Income, by Component [Table Text Block]Year Ended December 31,
(in millions)
2018
2017
Loss on foreign exchange transactions
$
16
$
9
Change in fair value of embedded conversion features derivative (1)

(47
)
Interest income

(4
)
Other
1
5
Total
$
17
$
(37
)
(1)
Refer to Note 13, “Financial Instruments”.

Note 17 - Income Taxes (Tables)

Note 17 - Income Taxes (Tables)12 Months Ended
Dec. 31, 2018
Income Tax Disclosure [Abstract]
Schedule of Loss before Income Tax, Domestic and Foreign [Table Text Block]The components of Loss from continuing operations before income taxes and the related benefit for U.S. and other income taxes were as follows (in millions):
Year Ended December 31,
2018
2017
(Loss) earnings from continuing operations before income taxes:
U.S.
$
(46
)
$
(59
)
Outside the U.S.
33
33
Total
$
(13
)
$
(26
)
U.S. income taxes:
Current (benefit) provision
$
(30
)
$
1
Deferred provision (benefit)
1
(31
)
Income taxes outside the U.S.:
Current provision
4
6
Deferred provision benefit
21
(95
)
State and other income taxes:
Current benefit

(1
)
Total provision
$
(4
)
$
(120
)
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]The differences between income taxes computed using the U.S. federal income tax rate and the benefit for income taxes for continuing operations were as follows (in millions):
Year Ended December 31,
2018
2017
Amount computed using the statutory rate
$
(3
)
$
(9
)
Increase (reduction) in taxes resulting from:
Unremitted foreign earnings
2
2
Impact of goodwill and intangible impairments

(21
)
Operations outside the U.S.
28
14
Legislative tax law and rate changes
7
150
Valuation allowance
(18
)
(266
)
Tax settlements and adjustments, including interest
(33
)
(11
)
Discharge of debt and other reorganization related items
13
39
Embedded derivative liability conversion

(17
)
Other, net

(1
)
Benefit from income taxes
$
(4
)
$
(120
)
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]The significant components of deferred tax assets and liabilities were as follows (in millions):
As of December 31,
2018
2017
Deferred tax assets
Pension and postretirement obligations
$
62
$
96
Restructuring programs
1
1
Foreign tax credit
357
343
Inventories
9
10
Investment tax credit
48
58
Employee deferred compensation
23
25
Depreciation
64
68
Research and development costs
67
80
Tax loss carryforwards
338
307
Other deferred revenue
1
4
Other
69
73
Total deferred tax assets
$
1,039
$
1,065
Deferred tax liabilities
Leasing
$
2
$
2
Goodwill/intangibles
16
16
Unremitted foreign earnings
22
20
Total deferred tax liabilities
40
38
Net deferred tax assets before valuation allowance
999
1,027
Valuation allowance
853
856
Net deferred tax assets
$
146
$
171
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]Deferred tax assets (liabilities) are reported in the following components within the Consolidated Statement of Financial Position (in millions):
As of December 31,
2018
2017
Deferred income taxes
$
160
$
187
Other long-term liabilities
(14
)
(16
)
Net deferred tax assets
$
146
$
171
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]A reconciliation of the beginning and ending amount of Kodak’s liability for income taxes associated with unrecognized tax benefits is as follows (in millions):
Year Ended December 31,
2018
2017
Balance as of January 1
$
61
$
84
Tax positions related to the current year:
Additions

7
Tax positions related to prior years:
Additions
1
6
Reductions
(5
)
(28
)
Settlements with taxing jurisdictions

(4
)
Lapses in statute of limitations

(4
)
Balance as of December 31
$
57
$
61

Note 18 - Restructuring Costs_2

Note 18 - Restructuring Costs and Other (Tables)12 Months Ended
Dec. 31, 2018
Restructuring And Related Activities [Abstract]
Restructuring Costs and Other [Table Text Block]The activity in the accrued balances and the non-cash charges and credits incurred in relation to restructuring programs during the three years ended December 31, 2018 were as follows (in millions):
Severance Reserve (1)
Exit Costs Reserve (1)
Long-lived Asset Impairments and Inventory Write-downs (1)
Total
Balance as of December 31, 2016
5
3

8
Charges
26
3
9
38
Utilization/cash payments
(13
)
(2
)
(9
)
(24
)
Other adjustments & reclasses (2)
(12
)


(12
)
Balance as of December 31, 2017
6
4

10
Charges
17


17
Utilization/cash payments
(12
)
(2
)

(14
)
Other adjustments & reclasses (3)
(5
)


(5
)
Balance as of December 31, 2018
$
6
$
2
$

$
8
(1)
The severance and exit costs reserves require the outlay of cash, while long-lived asset impairments, accelerated depreciation and inventory write-downs represent non-cash items.
(2)
The $(12) million includes $(13) million of severance charges funded from pension plan assets, which were reclassified to Pension and other postretirement liabilities, and $1 million of foreign currency translation adjustments.
(3)
The $(5) million represents severance charges funded from pension plan assets, which were reclassified to Pension and other postretirement liabilities.

Note 19 - Retirement Plans (Tab

Note 19 - Retirement Plans (Tables)12 Months Ended
Dec. 31, 2018
Table [Text Block]
Schedule of Changes in Projected Benefit Obligations [Table Text Block]The measurement date used to determine the pension obligation for all funded and unfunded U.S. and Non-U.S. defined benefit plans is December 31.
Year Ended December 31, 2018
Year Ended December 31, 2017
(in millions)
U.S.
Non-U.S.
U.S.
Non-U.S.
Change in Benefit Obligation
Projected benefit obligation at beginning of period
$
3,866
$
885
$
3,908
$
816
Service cost
13
3
12
3
Interest cost
109
12
115
12
Benefit payments
(414
)
(50
)
(352
)
(48
)
Actuarial (gain) loss
(174
)

170
37
Special termination benefits
5

13

Currency adjustments

(16
)

65
Projected benefit obligation at end of period
$
3,405
$
834
$
3,866
$
885
Change in Plan Assets
Fair value of plan assets at beginning of period
$
3,804
$
722
$
3,653
$
693
Gain on plan assets
55
5
503
27
Employer contributions

4

5
Benefit payments
(414
)
(50
)
(352
)
(48
)
Currency adjustments

(10
)

45
Fair value of plan assets at end of period
$
3,445
$
671
$
3,804
$
722
Over (under) funded status at end of period
$
40
$
(163
)
$
(62
)
$
(163
)
Accumulated benefit obligation at end of period
$
3,403
$
824
$
3,864
$
874
Schedule Of Amounts From Pension Plan Recognized in Balance Sheet [Table Text Block]Amounts recognized in the Consolidated Statement of Financial Position for all major funded and unfunded U.S. and Non-U.S. defined benefit plans are as follows (in millions):
As of December 31,
2018
2017
U.S.
Non-U.S.
U.S.
Non-U.S.
Other long-term assets
$
40
$
32
$

$
35
Pension and other postretirement liabilities

(195
)
(62
)
(198
)
Net amount recognized
$
40
$
(163
)
$
(62
)
$
(163
)
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]Information with respect to the major funded and unfunded U.S. and Non-U.S. defined benefit plans with an accumulated benefit obligation in excess of plan assets is as follows (in millions):
As of December 31,
2018
2017
U.S.
Non-U.S.
U.S.
Non-U.S.
Projected benefit obligation
$

$
578
$
3,866
$
617
Accumulated benefit obligation

568
3,864
606
Fair value of plan assets

382
3,804
419
Schedule of Pension Plan Amounts Recognized In Accumulated Other Income Loss [Table Text Block]Amounts recognized in accumulated other comprehensive (loss) income for all major funded and unfunded U.S. and Non-U.S. defined benefit plans consist of (in millions):
As of December 31,
2018
2017
U.S.
Non-U.S.
U.S.
Non-U.S.
Prior service credit
$
27
$
3
$
36
$
3
Net actuarial loss
(258
)
(126
)
(271
)
(110
)
Total
$
(231
)
$
(123
)
$
(235
)
$
(107
)
Schedule Of Amounts From Pension Plans Recognized In Other Comprehensive Income [Table Text Block]Other changes in major plan assets and benefit obligations recognized in Other comprehensive income (expense) are as follows (in millions):
Year Ended December 31,
2018
2017
U.S.
Non-U.S.
U.S.
Non-U.S.
Newly established gain (loss)
$
6
$
(21
)
$
90
$
(37
)
Amortization of:
Prior service credit
(7
)

(7
)

Net actuarial loss
5
5

3
Total (loss) income recognized in Other comprehensive income
$
4
$
(16
)
$
83
$
(34
)
Schedule of Net Benefit Costs [Table Text Block]Pension income for all defined benefit plans included (in millions):
Year Ended December 31,
2018
2017
U.S.
Non-U.S.
U.S.
Non-U.S.
Major defined benefit plans:
Service cost
$
13
$
3
$
12
$
3
Interest cost
109
12
115
12
Expected return on plan assets
(223
)
(26
)
(243
)
(27
)
Amortization of:
Prior service credit
(7
)

(7
)

Actuarial loss
5
5

3
Pension income before special termination benefits
(103
)
(6
)
(123
)
(9
)
Special termination benefits
5

13

Net pension income for major defined benefit plans
(98
)
(6
)
(110
)
(9
)
Other plans including unfunded plans

(4
)


Net pension income
$
(98
)
$
(10
)
$
(110
)
$
(9
)
Schedule Of Assumptions Used To Calculate Pension Plan Net Benefit Obligation [Table Text Block]The weighted-average assumptions used to determine the benefit obligation amounts for all major funded and unfunded U.S. and Non-U.S. defined benefit plans were as follows:
Year Ended December 31,
2018
2017
U.S.
Non-U.S.
U.S.
Non-U.S.
Discount rate
4.04
%
2.05
%
3.34
%
1.90
%
Salary increase rate
3.50
%
2.06
%
3.50
%
2.17
%
Schedule of Assumptions Used to Calculate Pension Plan Net Benefit Costs [Table Text Block]The weighted-average assumptions used to determine net pension (income) expense for all the major funded and unfunded U.S. and Non-U.S. defined benefit plans were as follows:
Year Ended December 31,
2018
2017
U.S.
Non-U.S.
U.S.
Non-U.S.
Effective rate for service cost
3.33
%
2.32
%
3.68
%
2.66
%
Effective rate for interest cost
2.96
%
1.70
%
3.06
%
1.56
%
Salary increase rate
3.50
%
2.17
%
3.43
%
2.09
%
Expected long-term rate of return on plan assets
6.40
%
3.98
%
7.00
%
4.21
%
Schedule of Allocation of Plan Assets [Table Text Block]The Company's weighted-average asset allocations for its major U.S. defined benefit pension plans by asset category, are as follows:
As of December 31,
2018
2017
2018 Target
Asset Category
Equity securities
11
%
10
%
7-13%
Debt securities
40
%
42
%
35-45%
Real estate
2
%
2
%
0-6%
Cash and cash equivalents
1
%
1
%
0-6%
Global balanced asset allocation funds
13
%
16
%
12-18%
Other
33
%
29
%
27-39%
Total
100
%
100
%
Kodak’s weighted-average asset allocations for its major Non-U.S. defined benefit pension plans by asset category, are as follows:
As of December 31,
2018
2017
2018 Target
Asset Category
Equity securities
3
%
3
%
0-6%
Debt securities
33
%
32
%
30-40%
Real estate
1
%
1
%
0-6%
Cash and cash equivalents
2
%
2
%
0-6%
Global balanced asset allocation funds
4
%
5
%
2-8%
Other
57
%
57
%
55-65%
Total
100
%
100
%
Schedule of Fair Value of Plan Assets By Measurement Inputs Disclosure [Table Text Block]Major U.S. Plans December 31, 2018
U.S.
(in millions)
Quoted Prices in Active Markets for Identical (Level 1)
Significant Observable Inputs (Level 2)
Significant Unobservable Inputs (Level 3)
Measured at NAV
Total
Cash and cash equivalents
$

$

$

$
50
$
50
Equity Securities
4


364
368
Debt Securities:
Government Bonds



1,005
1,005
Investment Grade Bonds

391


391
Real Estate



57
57
Global Balanced Asset Allocation Funds



438
438
Other:
Absolute Return



431
431
Private Equity


6
659
665
Derivatives with unrealized gains
46



46
Derivatives with unrealized losses
(6
)



(6
)
$
44
$
391
$
6
$
3,004
$
3,445
Major U.S. Plans December 31, 2017
U.S.
(in millions)
Quoted Prices in Active Markets for Identical (Level 1)
Significant Observable Inputs (Level 2)
Significant Unobservable Inputs (Level 3)
Measured at NAV
Total
Cash and cash equivalents
$

$

$

$
30
$
30
Equity Securities
60


322
382
Debt Securities:
Government Bonds



1,179
1,179
Investment Grade Bonds

421


421
Real Estate


26
68
94
Global Balanced Asset Allocation Funds



597
597
Other:
Absolute Return



489
489
Private Equity


14
601
615
Derivatives with unrealized losses
(3
)



(3
)
$
57
$
421
$
40
$
3,286
$
3,804
Major Non-U.S. Plans December 31, 2018
Non - U.S.
(in millions)
Quoted Prices in Active Markets for Identical (Level 1)
Significant Observable Inputs (Level 2)
Significant Unobservable Inputs (Level 3)
Measured at NAV
Total
Cash and cash equivalents
$
8
$

$

$
5
$
13
Equity Securities



21
21
Debt Securities:
Government Bonds



53
53
Inflation-Linked Bonds



4
4
Investment Grade Bonds

66

68
134
Global High Yield & Emerging Market Debt



28
28
Real Estate



9
9
Global Balanced Asset Allocation Funds



27
27
Other:
Absolute Return



7
7
Private Equity



42
42
Insurance Contracts

333


333
Derivatives with unrealized gains
1



1
Derivatives with unrealized losses
(1
)



(1
)
$
8
$
399
$

$
264
$
671
Major Non-U.S. Plans December 31, 2017
Non - U.S.
(in millions)
Quoted Prices in Active Markets for Identical (Level 1)
Significant Observable Inputs (Level 2)
Significant Unobservable Inputs (Level 3)
Measured at NAV
Total
Cash and cash equivalents
$
6
$

$

$
5
$
11
Equity Securities



24
24
Debt Securities:
Government Bonds



79
79
Inflation-Linked Bonds



5
5
Investment Grade Bonds

62

76
138
Global High Yield & Emerging Market Debt



11
11
Real Estate



10
10
Global Balanced Asset Allocation Funds



33
33
Other:
Absolute Return



8
8
Private Equity



43
43
Insurance Contracts

358


358
Derivatives with unrealized gains
1



1
$
7
$
420
$

$
294
$
721
Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]The following is a reconciliation of the beginning and ending balances of level 3 assets of Kodak’s major U.S. defined benefit pension plans:
U.S.
Net Realized and Unrealized Gains
(in millions)
Balance at January
Relating to Assets Still Held
Relating to Assets Sold During the Period
Net Purchases, Sales and Settlements
Balance at December
Real Estate
$
26
$

$
14
$
(40
)
$

Private Equity
14
1

(9
)
6
Total
$
40
$
1
$
14
$
(49
)
$
6
U.S.
Net Realized and Unrealized Gains
(in millions)
Balance at January
Relating to Assets Still Held
Relating to Assets Sold During the Period
Net Purchases, Sales and Settlements
Balance at December
Real Estate
$
32
$
5
$

$
(11
)
$
26
Private Equity
14
3

(3
)
14
Total
$
46
$
8
$

$
(14
)
$
40
Schedule Of Expected Pension Plan Payments [Table Text Block]The following pension benefit payments, which reflect expected future service, are expected to be paid (in millions):
U.S.
Non-U.S.
2019
$
317
$
48
2020
306
48
2021
295
48
2022
284
47
2023
274
46
2024 - 2028
1,214
215

Note 20 - Other Postretiremen_2

Note 20 - Other Postretirement Benefits (Tables)12 Months Ended
Dec. 31, 2018
Other Postretirement Benefits [Line Items]
Schedule of Changes in Projected Benefit Obligations [Table Text Block]The measurement date used to determine the pension obligation for all funded and unfunded U.S. and Non-U.S. defined benefit plans is December 31.
Year Ended December 31, 2018
Year Ended December 31, 2017
(in millions)
U.S.
Non-U.S.
U.S.
Non-U.S.
Change in Benefit Obligation
Projected benefit obligation at beginning of period
$
3,866
$
885
$
3,908
$
816
Service cost
13
3
12
3
Interest cost
109
12
115
12
Benefit payments
(414
)
(50
)
(352
)
(48
)
Actuarial (gain) loss
(174
)

170
37
Special termination benefits
5

13

Currency adjustments

(16
)

65
Projected benefit obligation at end of period
$
3,405
$
834
$
3,866
$
885
Change in Plan Assets
Fair value of plan assets at beginning of period
$
3,804
$
722
$
3,653
$
693
Gain on plan assets
55
5
503
27
Employer contributions

4

5
Benefit payments
(414
)
(50
)
(352
)
(48
)
Currency adjustments

(10
)

45
Fair value of plan assets at end of period
$
3,445
$
671
$
3,804
$
722
Over (under) funded status at end of period
$
40
$
(163
)
$
(62
)
$
(163
)
Accumulated benefit obligation at end of period
$
3,403
$
824
$
3,864
$
874
Schedule of Amounts from Other Post-retirement Plan Recognized in Balance Sheet [Table Text Block]As of December 31,
2018
2017
Other current liabilities
$
(3
)
$
(4
)
Pension and other postretirement liabilities
(61
)
(67
)
$
(64
)
$
(71
)
Schedule of Amounts Recognized in Accumulated Other Comprehensive Income (Loss) [Table Text Block]As of December 31,
2018
2017
Net actuarial gain
$
(6
)
$
Schedule of Other Post-retirement Plan Recognized in Other Comprehensive (Income) Loss [Table Text Block]Year Ended December 31,
2018
2017
Newly established loss (gain)
$
(6
)
$

Total gain recognized in Other comprehensive (loss) income
$
(6
)
$
Schedule of Other Post-retirement Plan, Net Benefit Costs [Table Text Block]Year Ended December 31,
2018
2017
Components of net postretirement benefit cost:
Service cost
$

$

Interest cost
2
2
Other postretirement benefit cost from continuing operations
$
2
$
2
Schedule of Assumptions Used to Calculate Other Post-retirement Plan, Net Benefit Obligation [Table Text Block]Year Ended December 31,
2018
2017
Discount rate
3.59
%
3.21
%
Salary increase rate
2.35
%
2.35
%
Schedule of Assumptions Used to Calculate Other Post-retirement Plan Net Benefit Costs [Table Text Block]Year Ended December 31,
2018
2017
Effective rate for interest cost
2.88
%
2.89
%
Salary increase rate
2.35
%
2.35
%
Other Post-retirement Benefits, Schedule of Health Care Cost Trend Rates [Table Text Block]2018
2017
Healthcare cost trend
5.70
%
5.36
%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)
3.38
%
4.36
%
Year that the rate reaches the ultimate trend rate
2038
2022
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]1% increase
1% decrease
Effect on total service and interest cost
$

$

Effect on postretirement benefit obligation
3
(3
)
Schedule of Expected Other Post-retirement Benefit Payments [Table Text Block]2019
$
4
2020
3
2021
3
2022
3
2023
3
2024-2028
17
Other Postretirement Benefits Plan [Member]
Other Postretirement Benefits [Line Items]
Schedule of Changes in Projected Benefit Obligations [Table Text Block]Year Ended December 31,
2018
2017
Net benefit obligation at beginning of period
$
71
$
72
Interest cost
2
2
Plan participants’ contributions
1
1
Actuarial gain
(6
)
(1
)
Benefit payments
(4
)
(4
)
Currency adjustments

1
Net benefit obligation at end of period
$
64
$
71
Underfunded status at end of period
$
(64
)
$
(71
)

Note 21 - Earnings Per Share (T

Note 21 - Earnings Per Share (Tables)12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]
Summary of Reconciliation of Basic and Diluted Earnings Per Share [Table Text Block]A reconciliation of the amounts used to calculate basic and diluted earnings per share for the years ended December 31, 2018 and 2017 follows (in millions):
Year Ended December 31,
2018
2017
(Loss) earnings from continuing operations attributable to Eastman Kodak Company
$
(9
)
$
93
Less: Series A convertible preferred stock cash and accrued dividends
(11
)
(11
)
Less: Series A convertible preferred stock deemed dividends
(9
)
(8
)
(Loss) earnings from continuing operations available to common shareholders - basic and diluted
$
(29
)
$
74
Net (loss) income attributable to Eastman Kodak Company
$
(16
)
$
94
Less: Series A convertible preferred stock cash and accrued dividends
(11
)
(11
)
Less: Series A convertible preferred stock deemed dividends
(9
)
(8
)
Net (loss) income available to common shareholders - basic and diluted
$
(36
)
$
75
Weighted-average common shares outstanding - basic
42.7
42.5
Effect of dilutive securities:
Unvested restricted stock units

0.2
Weighted-average common shares outstanding - diluted
42.7
42.7

Note 22 - Stock-based Compens_2

Note 22 - Stock-based Compensation (Tables)12 Months Ended
Dec. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]Number of Restricted Stock Units
Weighted-Average Grant Date Fair Values
Outstanding on December 31, 2017
468,681
$
12.21
Granted
785,545
$
3.66
Vested
270,952
$
12.39
Forfeited
279,526
$
6.88
Outstanding on December 31, 2018
703,748
$
4.72
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]Shares Under Option
Weighted Exercise Price Per Share
Weighted Remaining Contractual Life (Years)
Aggregate Intrinsic Value ($ millions)
Outstanding on December 31, 2017
4,807,855
$
14.30
Granted
1,115,791
$
8.45
Forfeited
727,709
$
8.58
Outstanding on December 31, 2018
5,195,937
$
13.85
4.98

Exercisable on December 31, 2018
2,748,006
$
15.65
4.23

Expected to vest December 31, 2018
2,447,931
$
11.81
5.82
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]Year Ended December 31,
2018
2017
Weighted-average fair value of options granted
$
2.45
$
2.26
Weighted-average risk-free interest rate
2.70%
1.77%
Range of risk-free interest rates
2.59% - 2.95%
1.64% - 2.11%
Weighted-average expected option lives
4.5 years
4.5 years
Expected option lives
4.4 - 4.5 years
4.5 years
Weighted-average volatility
81%
46%
Range of expected volatilities
80% - 83%
46% - 49%
Weighted-average expected dividend yield
0.00%
0.00%

Note 24 - Other Comprehensive_2

Note 24 - Other Comprehensive Loss (Tables)12 Months Ended
Dec. 31, 2018
Table [Text Block]
Comprehensive Income (Loss) [Table Text Block]The changes in Other comprehensive loss by component, were as follows:
Year Ended December 31,
(in millions)
2018
2017
Currency translation adjustments
$
(11
)
$
11
Pension and other postretirement benefit plan changes
Newly established net actuarial (loss) gain
(5
)
35
Tax benefit
1
11
Newly established net actuarial (loss) gain, net of tax
(4
)
46
Reclassification adjustments:
Amortization of prior service credit
(a)
(8
)
(8
)
Amortization of actuarial losses (gains)
(a)
4
(3
)
Recognition of gains due to settlements and curtailments
(a)
(1
)

Total reclassification adjustments
(5
)
(11
)
Tax provision

1
Reclassification adjustments, net of tax
(5
)
(10
)
Pension and other postretirement benefit plan changes, net of tax
(9
)
36
Other comprehensive (loss) income
$
(20
)
$
47
(a)
Reclassified to Pension (income) expense - refer to Note 19, "Retirement Plans" and Note 20, "Other Postretirement Benefits" for additional information.

Note 25 - Accumulated Other C_2

Note 25 - Accumulated Other Comprehensive Loss (Tables)12 Months Ended
Dec. 31, 2017
Table [Text Block]
Schedule of Accumulated Other Comprehensive Loss [Table Text Block]Accumulated other comprehensive loss is composed of the following:
As of December 31,
(in millions)
2018
2017
Currency translation adjustments
$
(96
)
$
(85
)
Pension and other postretirement benefit plan changes
(315
)
(306
)
Ending balance
$
(411
)
$
(391
)

Note 26 - Segment Information (

Note 26 - Segment Information (Tables)12 Months Ended
Dec. 31, 2018
Table [Text Block]
Schedule of Segment Reporting Information, by Segment [Table Text Block]Year Ended December 31,
2018
2017
(in millions)
Print Systems
$
895
$
942
Enterprise Inkjet Systems
136
144
Software and Solutions
84
85
Consumer and Film
189
198
Advanced Materials and 3D Printing Technology
4
1
Eastman Business Park
17
16
Consolidated total
$
1,325
$
1,386
Year Ended December 31,
(in millions)
2018
2017
Print Systems
$
27
$
49
Enterprise Inkjet Systems
4
3
Software and Solutions

(1
)
Consumer and Film
(19
)
(18
)
Advanced Materials and 3D Printing Technology
(14
)
(27
)
Eastman Business Park
3
4
Total of reportable segments
1
10
Depreciation and amortization
(70
)
(77
)
Restructuring costs and other
(17
)
(38
)
Stock-based compensation
(6
)
(9
)
Consulting and other costs (1)
(14
)
(5
)
Idle costs (2)
(3
)
(4
)
Other operating (expense) income, net (3)
(9
)
(28
)
Goodwill impairment loss (3)

(56
)
Interest expense (3)
(9
)
(8
)
Pension income excluding service cost component (3)
131
152
Other income (charges), net (3)
(17
)
37
Consolidated loss from continuing operations before income taxes
$
(13
)
$
(26
)
(1)
Consulting and other costs are professional services and internal costs associated with certain corporate strategic initiatives, including the divestiture of the Flexographic Packaging segment and debt refinancing.
(2)
Consists of third-party costs such as security, maintenance, and utilities required to maintain land and buildings in certain locations not used in any Kodak operations.
(3)
As reported in the Consolidated Statement of Operations.
(in millions)
Year Ended December 31,
Intangible asset amortization expense from continuing operations:
2018
2017
Print Systems
$
6
$
8
Enterprise Inkjet Systems
4
3
Software & Solutions

1
Consumer & Film
1
1
Advanced Materials and 3D Printing

4
Consolidated total
$
11
$
17
(in millions)
Year Ended December 31,
Depreciation expense from continuing operations:
2018
2017
Print Systems
$
38
$
37
Enterprise Inkjet Systems
8
8
Software & Solutions
2
1
Consumer & Film
3
7
Advanced Materials and 3D Printing
3
4
Eastman Business Park
5
3
Consolidated total
$
59
$
60
Long-lived Assets by Geographic Areas [Table Text Block](in millions)
Year Ended December 31,
Long-lived assets (1)
2018
2017
The United States
$
104
$
114
Europe, Middle East and Africa
35
50
Asia Pacific
40
48
Canada and Latin America
67
82
Non-U.S. countries total (2)
142
180
Consolidated total
$
246
$
294
(1)
Long-lived assets are comprised of property, plant and equipment, net.
(2)
Of the total non-U.S. property, plant and equipment in 2018, $60 million are located in Brazil and $31 million are located in China. Of the total non-U.S. property, plant and equipment in 2017, $71 million are located in Brazil and $38 million are located in China.

Note 27 - Discontinued Operat_2

Note 27 - Discontinued Operations (Tables) - Flexographic Packaging Segment [Member]12 Months Ended
Dec. 31, 2018
Schedule of Disposal Groups Including Discontinued Operations Income Statement [Table Text Block]The results of operations of the Business are presented below:
Year Ended December 31,
(in millions)
2018
2017
Revenues
$
148
$
145
Cost of sales
90
87
Selling, general and administrative expenses
21
15
Research and development expenses
8
6
Interest expense
27
24
Earnings from continuing operations before income taxes
2
13
Provision for income taxes
9
10
(Loss) earnings from discontinued operations
$
(7
)
$
3
Schedule of Disposal Groups Including Discontinued Operations Consolidated Statement of Financial Position [Table Text Block]The following table presents the aggregate carrying amount of major assets and liabilities of the Business:
(in millions)
2018
2017
ASSETS
Cash and cash equivalents
$
2
$
1
Trade receivables, net
28
29
Inventories, net
33
30
Property, plant and equipment, net
28
20
Goodwill
20
20
Intangible assets
1
2
Other assets
1

Assets of business held for sale
$
113
$
102
LIABILITIES
Accounts payable, trade
$
9
$
14
Other current liabilities
7
7
Pension and other postretirement liabilities
4
4
Liabilities of business held for sale
$
20
$
25
Schedule Of Disposal Groups Including Discontinued Operations Cash Flow Information [Table Text Block]The following table presents cash flow information associated with the Business:
Year Ended December 31,
(in millions)
2018
2017
Depreciation
$
2
$
2
Amortization
1
1
Capital expenditures
7
12

Note 1 - Summary of Significa_3

Note 1 - Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in MillionsJan. 01, 2019Sep. 03, 2013Dec. 31, 2018Dec. 31, 2017Jan. 01, 2018
Summary Of Significant Accounting Policies [Line Items]
Cash And Cash Equivalents $ 246 $ 343
Outstanding inter-company loans390 358
Short-Term Intercompany Loans92 59
Net decrease in cash and cash equivalents and restricted cash102 109
Estimated recoveries20 25
Advertising Expense4 6
Decrease to the opening balance of retained earnings200 174
Cumulative effect adjustment recorded(10)
ASU 2014-09 [Member]
Summary Of Significant Accounting Policies [Line Items]
Decrease to the opening balance of retained earnings $ 184
Cumulative effect adjustment recorded3
ASU 2014-09 [Member] | New Brand Licensing Arrangements [Member]
Summary Of Significant Accounting Policies [Line Items]
Cumulative effect adjustment recorded(3)
ASU 2014-09 [Member] | Effect of Change Higher (Lower) [Member]
Summary Of Significant Accounting Policies [Line Items]
Decrease to the opening balance of retained earnings10 $ 10
ASU 2016-02 [Member] | Subsequent Event [Member]
Summary Of Significant Accounting Policies [Line Items]
Cumulative effect adjustment recorded to retained earnings $ 5
Other Long-Term Assets [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated recoveries17 22
Other Current Assets [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated recoveries $ 3 3
Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Service agreements prepayment period3 months
Revenue recognition payment terms30 days
Interest for payment terms1 year
Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Service agreements prepayment period6 years
Revenue recognition payment terms60 days
Equipment Subject to Operating Leases [Member] | Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life3 years
Equipment Subject to Operating Leases [Member] | Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life7 years
United States [Member]
Summary Of Significant Accounting Policies [Line Items]
Cash And Cash Equivalents $ 117 172
Outside US [Member]
Summary Of Significant Accounting Policies [Line Items]
Cash And Cash Equivalents129 171
China [Member]
Summary Of Significant Accounting Policies [Line Items]
Cash And Cash Equivalents72 108
ABL Credit Agreement [Member]
Summary Of Significant Accounting Policies [Line Items]
Letter of credit $ 85 $ 96
Termination dateJun. 5,
2019
First Lien Term Loan [Member]
Summary Of Significant Accounting Policies [Line Items]
Debt Instrument Face Amount $ 420 $ 395
Debt Instrument, Maturity DateSep. 3,
2019
Sep. 3,
2019

Note 1 - Property, Plant and Eq

Note 1 - Property, Plant and Equipment Estimated Useful Lives (Details)12 Months Ended
Dec. 31, 2018
Building and Building Improvements [Member] | Minimum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives5 years
Building and Building Improvements [Member] | Maximum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives40 years
Land Improvements [Member] | Minimum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives4 years
Land Improvements [Member] | Maximum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives20 years
Leasehold Improvements [Member] | Minimum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives3 years
Leasehold Improvements [Member] | Maximum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives20 years
Equipment [Member] | Minimum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives3 years
Equipment [Member] | Maximum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives20 years
Tools, Dies and Molds [Member] | Minimum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives1 year
Tools, Dies and Molds [Member] | Maximum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives3 years
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives5 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives10 years

Note 1 - Summary of Significa_4

Note 1 - Summary of Significant Accounting Policies (Details Textual 1) $ in MillionsDec. 31, 2018USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2019-01-01
Summary Of Significant Accounting Policies [Line Items]
Unrecognized revenue from unsatisfied performance obligations $ 70
Unsatisfied performance obligations, expected to be recognized35.00%
Unsatisfied performance obligations, expected timing of satisfaction1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2020-01-01
Summary Of Significant Accounting Policies [Line Items]
Unsatisfied performance obligations, expected to be recognized30.00%
Unsatisfied performance obligations, expected timing of satisfaction1 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 recognized15.00%
Unsatisfied performance obligations, expected timing of satisfaction1 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 recognized20.00%
Unsatisfied performance obligations, expected timing of satisfaction

Note 1 - Cumulative Effect of C

Note 1 - Cumulative Effect of Changes made to Consolidated Statement of Financial Position on Adoption of Accounting Standards (Details) - USD ($) $ in MillionsDec. 31, 2018Jan. 01, 2018Dec. 31, 2017
Liabilities
Other current liabilities $ 213 $ 211
Other long-term liabilities179 202
Equity (Deficit)
Accumulated deficit(200)(174)
Balances without Adoption of ASU 2014-09 [Member]
Liabilities
Other current liabilities211
Other long-term liabilities202
Equity (Deficit)
Accumulated deficit $ (174)
ASU 2014-09 [Member]
Liabilities
Other current liabilities $ 213
Other long-term liabilities210
Equity (Deficit)
Accumulated deficit(184)
ASU 2014-09 [Member] | Balances without Adoption of ASU 2014-09 [Member]
Liabilities
Other current liabilities209
Other long-term liabilities173
Equity (Deficit)
Accumulated deficit(190)
ASU 2014-09 [Member] | Effect of Change Higher (Lower) [Member]
Liabilities
Other current liabilities4 2
Other long-term liabilities6 8
Equity (Deficit)
Accumulated deficit $ (10) $ (10)

Note 1 - Summary of Impact of A

Note 1 - Summary of Impact of Adoption on Consolidated Statement of Operations and Consolidated Statement of Financial Position (Details) - USD ($) $ in Millions12 Months Ended
Dec. 31, 2018Dec. 31, 2017Jan. 01, 2018
Revenues
Total revenues $ 1,325 [1] $ 1,386
Net (loss) earnings(16)94
Liabilities
Other current liabilities213 211
Other long-term liabilities179 202
Equity (Deficit)
Accumulated deficit(200)(174)
Balances without Adoption of ASU 2014-09 [Member]
Liabilities
Other current liabilities211
Other long-term liabilities202
Equity (Deficit)
Accumulated deficit(174)
ASU 2014-09 [Member]
Liabilities
Other current liabilities $ 213
Other long-term liabilities210
Equity (Deficit)
Accumulated deficit(184)
ASU 2014-09 [Member] | Balances without Adoption of ASU 2014-09 [Member]
Revenues
Total revenues1,325
Net (loss) earnings(16)
Liabilities
Other current liabilities209
Other long-term liabilities173
Equity (Deficit)
Accumulated deficit(190)
ASU 2014-09 [Member] | Effect of Change Higher (Lower) [Member]
Liabilities
Other current liabilities4 2
Other long-term liabilities6 8
Equity (Deficit)
Accumulated deficit(10) $ (10)
Product [Member]
Revenues
Total revenues1,044 1,096
Product [Member] | ASU 2014-09 [Member] | Balances without Adoption of ASU 2014-09 [Member]
Revenues
Total revenues1,044
Service [Member]
Revenues
Total revenues281 $ 290
Service [Member] | ASU 2014-09 [Member] | Balances without Adoption of ASU 2014-09 [Member]
Revenues
Total revenues $ 281
[1]Sales are reported in the geographic area in which they originate. No non-U.S. country generated more than 10% of net sales in the year ended December 31, 2018

Note 2 - Schedule of Reconcilia

Note 2 - Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in MillionsDec. 31, 2018Dec. 31, 2017Dec. 31, 2016
Cash Cash Equivalents And Restricted Cash [Line Items]
Cash and cash equivalents $ 246 $ 343
Long-term restricted cash11 17
Cash included in assets held for sale2 1
Total cash, cash equivalents and restricted cash shown in the Statement of Cash Flows267 369 $ 478
Other Current Assets [Member]
Cash Cash Equivalents And Restricted Cash [Line Items]
Restricted cash included in Other current assets $ 8 $ 8

Note 2 - Cash, Cash Equivalen_3

Note 2 - Cash, Cash Equivalents and Restricted Cash (Details Textual) - USD ($) $ in MillionsDec. 31, 2018Dec. 31, 2017
BRAZIL
Restricted Cash And Cash Equivalents Items [Line Items]
Long-term restricted cash $ 5 $ 6
ABL Credit Agreement [Member]
Restricted Cash And Cash Equivalents Items [Line Items]
Long-term restricted cash $ 3 $ 6

Note 3 - Inventories (Details)

Note 3 - Inventories (Details) - USD ($) $ in MillionsDec. 31, 2018Dec. 31, 2017
Inventory Disclosure [Abstract]
Finished goods $ 119 $ 132
Work in process55 55
Raw materials62 59
Total $ 236 $ 246

Note 4 - Property, Plant and _3

Note 4 - Property, Plant and Equipment (Details) - USD ($) $ in MillionsDec. 31, 2018Dec. 31, 2017
Property Plant And Equipment [Abstract]
Land $ 70 $ 79
Buildings and building improvements171 168
Machinery and equipment417 414
Construction in progress10 17
Property, plant and equipment, gross668 678
Accumulated depreciation(422)(384)
Property, plant and equipment, net[1] $ 246 $ 294
[1]Long-lived assets are comprised of property, plant and equipment, net.

Note 4 - Property, Plant and _4

Note 4 - Property, Plant and Equipment, Net and Equipment Subject to Operating Leases, Net (Details Textual) - USD ($) $ in Millions3 Months Ended12 Months Ended
Sep. 30, 2017Mar. 31, 2017Dec. 31, 2018Dec. 31, 2017
Property Plant And Equipment Net And Equipment Subject To Operating Leases Net [Line Items]
Depreciation $ 59 $ 60
Fixed Assets [Member]
Property Plant And Equipment Net And Equipment Subject To Operating Leases Net [Line Items]
Pre-tax impairment charge $ 8 $ 8
KODAK PROSPER Enterprise Inkjet [Member] | Fixed Assets [Member]
Property Plant And Equipment Net And Equipment Subject To Operating Leases Net [Line Items]
Pre-tax impairment charge $ 8

Note 4 - Equipment Subject to O

Note 4 - Equipment Subject to Operating Leases (Details) - USD ($) $ in MillionsDec. 31, 2018Dec. 31, 2017
Equipment Subject To Operating Leases [Abstract]
Equipment subject to operating leases $ 34 $ 40
Accumulated depreciation(19)(18)
Equipment subject to operating leases, net $ 15 $ 22

Note 5 - Carrying Value of Good

Note 5 - Carrying Value of Goodwill by Reportable Segments (Details) - USD ($)12 Months Ended
Dec. 31, 2018Dec. 31, 2017
Goodwill [Line Items]
Balance $ 12,000,000 $ 68,000,000
Impairment0 (56,000,000)
Balance12,000,000 12,000,000
Print Systems [Member]
Goodwill [Line Items]
Balance56,000,000
Impairment(56,000,000)
Software and Solutions [Member]
Goodwill [Line Items]
Balance6,000,000 6,000,000
Impairment0
Balance6,000,000 6,000,000
Consumer and Film [Member]
Goodwill [Line Items]
Balance6,000,000 6,000,000
Impairment0
Balance $ 6,000,000 $ 6,000,000

Note 5 - Goodwill and Other I_3

Note 5 - Goodwill and Other Intangible Assets (Details Textual)3 Months Ended12 Months Ended
Dec. 31, 2018USD ($)Dec. 31, 2017USD ($)Sep. 30, 2017USD ($)Dec. 31, 2018USD ($)Dec. 31, 2017USD ($)Mar. 31, 2017USD ($)
Goodwill And Other Intangible Assets [Line Items]
Goodwill, gross $ 76,000,000 $ 76,000,000 $ 76,000,000 $ 76,000,000
Accumulated impairment loss64,000,000 64,000,000 64,000,000 64,000,000
Goodwill, Impairment Loss0 56,000,000
Intangible assets, accumulated amortization78,000,000 67,000,000 78,000,000 67,000,000
Amortization of Intangible Assets $ 11,000,000 17,000,000
Copper Mesh Touch Screen Program [Member]
Goodwill And Other Intangible Assets [Line Items]
Intangible assets, gross carrying amount $ 33,000,000
Intangible assets, accumulated amortization21,000,000
Other Operating Expense (Income) [Member] | Copper Mesh Touch Screen Program [Member]
Goodwill And Other Intangible Assets [Line Items]
Impairment charge of intangible assets $ 12,000,000
Other Operating Expense (Income) [Member] | Trade Names [Member]
Goodwill And Other Intangible Assets [Line Items]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) $ 13,000,000 $ 2,000,000
Print Systems [Member]
Goodwill And Other Intangible Assets [Line Items]
Number of Reporting Units2
Goodwill, Impairment Loss56,000,000
Software and Solutions [Member]
Goodwill And Other Intangible Assets [Line Items]
Number of Reporting Units2
Goodwill, Impairment Loss0
Consumer and Film [Member]
Goodwill And Other Intangible Assets [Line Items]
Number of Reporting Units2
Goodwill, Impairment Loss $ 0
Enterprise Inkjet Systems [Member]
Goodwill And Other Intangible Assets [Line Items]
Number of Reporting Units1
Advanced Materials and 3D Printing Technology [Member]
Goodwill And Other Intangible Assets [Line Items]
Number of Reporting Units1
Eastman Business Park Rochester NY [Member]
Goodwill And Other Intangible Assets [Line Items]
Number of Reporting Units1
Prepress Solutions [Member]
Goodwill And Other Intangible Assets [Line Items]
Goodwill, Impairment Loss $ 56,000,000
Other Reporting Units [Member]
Goodwill And Other Intangible Assets [Line Items]
Goodwill, Impairment Loss $ 0
KODAK PROSPER Enterprise Inkjet [Member]
Goodwill And Other Intangible Assets [Line Items]
Intangible assets, gross carrying amount $ 4,000,000

Note 5 - Gross Carrying Amount

Note 5 - Gross Carrying Amount and Accumulated Amortization by Major Intangible Asset Category (Details) - USD ($) $ in Millions12 Months Ended
Dec. 31, 2018Dec. 31, 2017
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Accumulated Amortization $ 78 $ 67
Intangible Assets Net35
Intangible assets gross138 151
Intangible assets net60 84
Trade Names [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Gross Carrying Amount25 38
Technology-Based Intangible Assets [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Gross Carrying Amount99 99
Accumulated Amortization70 60
Intangible Assets Net $ 29 $ 39
Weighted-Average Amortization Period6 years6 years
Customer-Related Intangible Assets [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Gross Carrying Amount $ 11 $ 11
Accumulated Amortization7 6
Intangible Assets Net $ 4 $ 5
Weighted-Average Amortization Period5 years6 years
Other Intangible Assets [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Gross Carrying Amount $ 3 $ 3
Accumulated Amortization1 1
Intangible Assets Net $ 2 $ 2
Weighted-Average Amortization Period20 years21 years

Note 5 - Estimated Future Amort

Note 5 - Estimated Future Amortization Expense Related to Intangible Assets (Details) $ in MillionsDec. 31, 2018USD ($)
Intangible Assets Gross Excluding Goodwill [Abstract]
2019 $ 7
20206
20215
20225
20234
2024 and thereafter8
Intangible Assets Net $ 35

Note 6 - Schedule of Other Long

Note 6 - Schedule of Other Long-Term Assets (Details) - USD ($) $ in MillionsDec. 31, 2018Dec. 31, 2017
Other Assets Noncurrent Disclosure [Abstract]
Pension assets $ 82 $ 43
Estimated workers' compensation recoveries17 22
Long-term receivables, net of allowance of $4 million and $4 million13 15
Other32 33
Total $ 144 $ 113

Note 6 - Schedule of Other Lo_2

Note 6 - Schedule of Other Long-Term Assets (Details) (Parentheticals) - USD ($) $ in MillionsDec. 31, 2018Dec. 31, 2017
Other Assets Noncurrent Disclosure [Abstract]
Allowance for long-term receivables $ 4 $ 4

Note 7 - Other Current Liabil_3

Note 7 - Other Current Liabilities (Details) - USD ($) $ in MillionsDec. 31, 2018Dec. 31, 2017
Other Current Liabilities [Abstract]
Employment-related liabilities $ 42 $ 45
Deferred revenue34 29
Customer rebates26 27
Deferred consideration on disposed businesses[1]24 10
Workers' compensation9 10
Restructuring liabilities8 10
Other70 80
Total $ 213 $ 211
[1]On September 3, 2013, Kodak consummated the sale of certain assets and the assumption of certain liabilities of the Personalized Imaging and Document Imaging Businesses (“PI/DI Businesses”) to the trustee of the U. K. pension plan (and/or its subsidiaries, collectively the “KPP Purchasing Parties”) for net cash consideration of $325 million. Up to $35 million in aggregate of the purchase price is subject to repayment if the PI/DI Business does not achieve certain annual adjusted EBITDA targets over the four-year period ending December 31, 2018. The PI/DI Business did not achieve the adjusted annual EBITDA target for 2017, 2016 or 2015. The amounts owed for 2015 and 2016 were paid in 2016 and 2017, respectively. The amount owed for 2017 of $10 million was paid in January 2019. The maximum potential payment related to the year ending December 31, 2018 of $14 million was accrued at the time of the divestiture of the business.

Note 7 - Other Current Liabil_4

Note 7 - Other Current Liabilities (Details) (Parentheticals) - USD ($) $ in MillionsJan. 31, 2019Dec. 31, 2018Dec. 31, 2017Sep. 03, 2013
Other Current Liabilities [Line Items]
Disposal group including discontinued operation consideration $ 325
Discontinued operation contingent consideration $ 10 $ 35
Maximum potential payment related to deferred consideration on disposed businesses $ 14
Subsequent Event [Member]
Other Current Liabilities [Line Items]
Discontinued operation consideration repayment $ 10

Note 7 - Other Current Liabil_5

Note 7 - Other Current Liabilities (Details Textual)Dec. 31, 2018
Maximum [Member]
Other Current Liabilities [Line Items]
Percentage of total current liabilities5.00%

Note 8 - Summary of Other Long-

Note 8 - Summary of Other Long-term Liabilities (Details) - USD ($) $ in MillionsDec. 31, 2018Dec. 31, 2017
Summary Of Other Long Term Liabilities [Abstract]
Workers' compensation $ 83 $ 96
Asset retirement obligations48 43
Deferred taxes14 16
Environmental liabilities10 12
Deferred consideration on disposed businesses14
Other24 21
Total $ 179 $ 202

Note 8 - Other Long-term Liab_3

Note 8 - Other Long-term Liabilities (Details Textual)Dec. 31, 2018
Maximum [Member]
Other Long-term Liabilities [Line Items]
Percentage of other long-tern Liabilities5.00%

Note 9 - Debt and Capital Lea_3

Note 9 - Debt and Capital Leases and Related Maturities and Interest Rates (Details) - USD ($) $ in Millions12 Months Ended
Dec. 31, 2018Dec. 31, 2017
Debt Instrument [Line Items]
Carrying Value $ 401 $ 403
Current Portion, Long-term Debt [Member]
Debt Instrument [Line Items]
Carrying Value396 4
Long-term Debt [Member]
Debt Instrument [Line Items]
Carrying Value $ 5 399
Term Note [Member] | Current Portion, Long-term Debt [Member]
Debt Instrument [Line Items]
Weighted-Average Effective Interest Rate8.84%
Carrying Value $ 394
Term Note [Member] | Long-term Debt [Member]
Debt Instrument [Line Items]
Maturity2019
Weighted-Average Effective Interest Rate8.84%
Carrying Value393
Capital Leases [Member] | Current Portion, Long-term Debt [Member]
Debt Instrument [Line Items]
Carrying Value $ 2 3
Capital Leases [Member] | Long-term Debt [Member]
Debt Instrument [Line Items]
Carrying Value3 4
Other Debt [Member] | Current Portion, Long-term Debt [Member]
Debt Instrument [Line Items]
Carrying Value1
Other Debt [Member] | Long-term Debt [Member]
Debt Instrument [Line Items]
Carrying Value $ 2 $ 2

Note 9 - Annual Maturities of L

Note 9 - Annual Maturities of Long-Term Debt and Capital Leases (Details) $ in MillionsDec. 31, 2018USD ($)
Annual Maturities Of Long Term Debt [Abstract]
2019 $ 396
20201
20211
20221
2024 and thereafter2
Total401
2019397
20201
20211
20221
2024 and thereafter2
Total $ 402

Note 9 - Debt And Capital Lea_4

Note 9 - Debt And Capital Leases (Details Textual)Oct. 02, 2017USD ($)Jul. 07, 2016USD ($)Sep. 03, 2013USD ($)Mar. 31, 2018SubsidiaryDec. 31, 2018USD ($)Dec. 31, 2017USD ($)Dec. 31, 2016USD ($)Dec. 31, 2015Jun. 30, 2015Jun. 29, 2015
Debt And Capital Leases [Line Items]
Percentage of Stock of Material Domestic Subsidiaries Securing Credit Agreement100.00%
Percentage of Stock of Material First Tier Foreign Subsidiaries Securing Credit Agreement65.00%
Term Collateral, Carrying Value $ 1,310,000,000 $ 1,385,000,000
ABL Collateral, Carrying Value1,310,000,000 1,385,000,000
Term Credit Agreements, U.S. Liquidity, Threshold Below which No Prepayment is Required100,000,000
Term Credit Agreements, Prepayments Required in Next Fiscal Year0 0 $ 0
Term Credit Agreements, First Lien Term Credit Agreement, Maximum Secured Leverage Ratio2.753.253.75
Number of subsidiaries designated as unrestricted subsidiaries | Subsidiary5
Total Sales1,325,000,000 [1]1,386,000,000
Aggregate assets of designated subsidiaries $ 1,511,000,000 1,707,000,000
Percentage of aggregate sales of unrestricted subsidiaries to consolidated sales of entity1.00%
Percentage of aggregate assets of unrestricted subsidiaries to consolidated assets of entity1.00%
Unrestricted Subsidiaries [Member]
Debt And Capital Leases [Line Items]
Total Sales $ 12,000,000
Aggregate assets of designated subsidiaries21,000,000
Prior Credit Agreement [Member]
Debt And Capital Leases [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity200,000,000
ABL Credit Agreement [Member]
Debt And Capital Leases [Line Items]
Excess Availability Amount19,000,000 20,000,000
Line of Credit Facility, Maximum Borrowing Capacity $ 150,000,000
Termination dateJun. 5,
2019
Long-term Line of Credit $ 85,000,000 96,000,000
Fixed Charged Coverage Ratio Required1
Excess Availability Below Which the Fixed Charge Coverage Ratio is Triggered12.50%
Lender Commitments, Threshold Trigger, Excess Availability Amount $ 18,750,000 18,750,000
Excess Availability Percentage of Lender Commitments Threshold Triggering Cash Dominion Control12.50%
ABL Credit Agreement [Member] | Restricted Cash [Member]
Debt And Capital Leases [Line Items]
Eligible Cash $ 3,000,000 $ 6,000,000
ABL Credit Agreement [Member] | Period one [Member]
Debt And Capital Leases [Line Items]
Termination dateMay 26,
2021
ABL Credit Agreement [Member] | Period two [Member]
Debt And Capital Leases [Line Items]
Number of days prior to the earliest scheduled maturity date90 days
Earliest maturity dateSep. 3,
2019
Amended Credit Facility [Member]
Debt And Capital Leases [Line Items]
Excess Availability, Calculation, Percentage of Eligible Receivables Less a Dilution Reserve85.00%
Excess Availability, Calculation, Percentage of Net Orderly Liquidation Value85.00%
Excess Availability, Calculation, Percentage of Eligible Inventory75.00%
Excess Availability, Net Orderly Liquidation Equipment Amount $ 11,000,000
Excess Availability, Calculation, Percentage of Eligible Equipment75.00%
Decrease in excess availability net orderly liquidation equipment amount $ 1,000,000
Minimum [Member] | Prior Credit Agreement [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt And Capital Leases [Line Items]
Debt Instrument, Basis Spread on Variable Rate2.75%
Minimum [Member] | Prior Credit Agreement [Member] | Base Rate [Member]
Debt And Capital Leases [Line Items]
Debt Instrument, Basis Spread on Variable Rate1.75%
Minimum [Member] | ABL Credit Agreement [Member]
Debt And Capital Leases [Line Items]
Proforma fixed charge coverage ratio1.00%
Minimum [Member] | ABL Credit Agreement [Member] | Pro Forma [Member]
Debt And Capital Leases [Line Items]
Excess Availability Amount $ 30,000,000
Minimum [Member] | Amended Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt And Capital Leases [Line Items]
Debt Instrument, Basis Spread on Variable Rate2.25%
Minimum [Member] | Amended Credit Facility [Member] | Base Rate [Member]
Debt And Capital Leases [Line Items]
Debt Instrument, Basis Spread on Variable Rate1.25%
Maximum [Member]
Debt And Capital Leases [Line Items]
Secured leverage ratio2.25%
Maximum [Member] | Prior Credit Agreement [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt And Capital Leases [Line Items]
Debt Instrument, Basis Spread on Variable Rate3.25%
Maximum [Member] | Prior Credit Agreement [Member] | Base Rate [Member]
Debt And Capital Leases [Line Items]
Debt Instrument, Basis Spread on Variable Rate2.25%
Maximum [Member] | ABL Credit Agreement [Member]
Debt And Capital Leases [Line Items]
Percentage of aggregate consolidated sales to qualify Restricted Subsidiaries to be designated as Unrestricted Subsidiaries7.50%
Percentage of aggregate consolidated assets to qualify Restricted Subsidiaries to be designated as Unrestricted Subsidiaries7.50%
Maximum [Member] | Amended Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt And Capital Leases [Line Items]
Debt Instrument, Basis Spread on Variable Rate2.75%
Maximum [Member] | Amended Credit Facility [Member] | Base Rate [Member]
Debt And Capital Leases [Line Items]
Debt Instrument, Basis Spread on Variable Rate1.75%
First Lien Term Loan [Member]
Debt And Capital Leases [Line Items]
Debt Instrument, Basis Spread on Variable Rate6.25%
LIBOR Floor Percentage1.00%
Alternate Base Rate5.25%
Prepayment of principal amount $ 6,000,000 $ 5,000,000
First installment principal payments $ 4,000,000
Term Credit Agreement [Member]
Debt And Capital Leases [Line Items]
Debt Instrument Face Amount $ 695,000,000
Proceeds from Issuance of Other Long-term Debt664,000,000
Debt Instrument Unamortized Discount15,000,000
Debt Issuance Cost16,000,000
First Lien Term Loan [Member]
Debt And Capital Leases [Line Items]
Debt Instrument Face Amount $ 420,000,000 $ 395,000,000
Debt Instrument, Maturity Date, DescriptionThe loans made under the Term Credit Agreement become due on the earlier to occur of (i) the maturity date of September 3, 2019 or (ii) the acceleration of such loans following the occurrence of an event of default (as defined in the Term Credit Agreement)
Debt Instrument, Maturity DateSep. 3,
2019
Sep. 3,
2019
Second Lien Note Holders [Member]
Debt And Capital Leases [Line Items]
Debt Instrument Face Amount $ 275,000,000
Debt Instrument, Termination DateNov. 15,
2016
[1]Sales are reported in the geographic area in which they originate. No non-U.S. country generated more than 10% of net sales in the year ended December 31, 2018

Note 10 - Redeemable, Convert_2

Note 10 - Redeemable, Convertible Series A Preferred Stock (Details Textual)Nov. 15, 2016USD ($)$ / sharessharesNov. 14, 2016MemberDirector$ / sharesDec. 31, 2018USD ($)Sep. 30, 2018USD ($)Dec. 31, 2018USD ($)DirectorDec. 31, 2017USD ($)
Temporary Equity [Line Items]
Expected number of members to nominate on conversion basis | Member2
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 | shares2,000,000
Percentage of cash dividend payable on preferred stock5.50%
Gross proceeds from issuance of shares $ 200,000,000
Preferred stock, liquidation preference per share | $ / shares $ 100
Purchase agreement dateNov. 7,
2016
Series A Preferred Stock [Member]
Temporary Equity [Line Items]
Percentage of cash dividend payable on preferred stock5.50%
Preferred stock, liquidation preference | $ / shares $ 100
Number of additional directors to elect if dividends in arrears | Director2
Number of directors nominated by purchasers | Director2
Common stock price equal or exceeds preferred stock conversion price percentage125.00%
Preferred stock conversion descriptionThe 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
Carrying value of Series A preferred stock at issuance155,000,000
Gross proceeds from preferred stock200,000,000
Fair value of derivative liability43,000,000
Transaction costs $ 2,000,000
Preferred stock, redemption dateNov. 15,
2021
Preferred stock, redemption price per share | $ / shares $ 100
Series A Preferred Stock [Member] | Other Long-Term Assets [Member]
Temporary Equity [Line Items]
Fair value of derivative asset $ 4,000,000 $ 4,000,000 $ 4,000,000
Series A Preferred Stock [Member] | Purchase Agreement [Member]
Temporary Equity [Line Items]
Initial conversion rate of preferred stock to common stock | shares5.7471
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 dateNov. 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

Note 11 - Commitments and Con_3

Note 11 - Commitments and Contingencies (Details) - Asset Retirement Obligation Activity - USD ($) $ in Millions12 Months Ended
Dec. 31, 2018Dec. 31, 2017
Asset Retirement Obligation Activity [Abstract]
Asset Retirement Obligations at start of period $ 43 $ 38
Liabilities incurred in the current period3 2
Liabilities settled in the current period(3)(1)
Accretion expense2 1
Revision in estimated cash flows3 3
Asset Retirement Obligations at end of period $ 48 $ 43

Note 11 - Commitments and Con_4

Note 11 - Commitments and Contingencies (Details Textual) - USD ($) $ in Millions12 Months Ended
Dec. 31, 2018Dec. 31, 2017
Commitments And Contingencies [Line Items]
Operating Leases, Rent Expense, Net $ 21 $ 22
Operating Leases, Rent Expense, Sublease Rentals7 7
BRAZIL
Commitments And Contingencies [Line Items]
Restricted Cash5 6
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 Loss10
Threat of Expropriation of Assets [Member] | BRAZIL
Commitments And Contingencies [Line Items]
Assets, Noncurrent60
ABL Credit Agreement [Member]
Commitments And Contingencies [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted85
Restricted Cash3 $ 6
Bank Guarantees and Letters of Credit [Member]
Commitments And Contingencies [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted3
Surety Bond [Member]
Commitments And Contingencies [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted40
Restricted Cash and Deposits [Member]
Commitments And Contingencies [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted $ 25

Note 12 - Guarantees (Details T

Note 12 - Guarantees (Details Textual) - USD ($)12 Months Ended
Dec. 31, 2018Dec. 31, 2017
Guarantee Obligations [Line Items]
Product Warranty Expense $ 113,000,000 $ 114,000,000
Warranty Arrangements Period [Member]
Guarantee Obligations [Line Items]
Extended Warranty Period1 year
Maximum [Member]
Guarantee Obligations [Line Items]
Environmental Settlement Historical Liabilities Trigger Amount $ 99,000,000
Percentage of Liability Above 99 Million50.00%
Extended Warranty Period6 years
Minimum [Member]
Guarantee Obligations [Line Items]
Extended Warranty Period3 months
Amended Eastman Business Park Settlement Agreement [Member]
Guarantee Obligations [Line Items]
Accrual for Environmental Loss Contingencies $ 0
Financial Guarantee [Member] | Guarantor Subsidiaries [Member]
Guarantee Obligations [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted4,000,000
Guarantor Obligations, Current Carrying Value $ 1,000,000

Note 12 - Guarantees (Details)

Note 12 - Guarantees (Details) - USD ($) $ in Millions12 Months Ended
Dec. 31, 2018Dec. 31, 2017
Guarantee Obligations [Line Items]
Deferred revenue on extended warranties $ 35
Recognition of extended warranty and maintenance arrangement revenue(34)
Deferred revenue on extended warranties48 $ 35
Extended Warranty Arrangements [Member]
Guarantee Obligations [Line Items]
Deferred revenue on extended warranties22 23
New extended warranty and maintenance arrangements105 123
Recognition of extended warranty and maintenance arrangement revenue(105)(124)
Deferred revenue on extended warranties $ 22 $ 22

Note 13 - Financial Instrumen_3

Note 13 - Financial Instruments (Details Textual) - USD ($) $ in Millions12 Months Ended
Dec. 31, 2018Dec. 31, 2017
Fair Value, Inputs, Level 2 [Member]
Long-term Debt, Fair Value $ 5 $ 348
Fair value of current portion of long-term debt378
Forward Contracts [Member]
Gross fair value of foreign currency in an asset position3 7
Gross fair value of foreign currency in a liability position1 1
Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward [Member]
Derivative Asset, Notional Amount415 534
Designated as Hedging Instrument [Member]
Derivatives Hedging Instruments $ 0 $ 0

Note 13 - Derivatives Not Desig

Note 13 - Derivatives Not Designated as Hedging Instruments (Details) - USD ($) $ in Millions12 Months Ended
Dec. 31, 2018Dec. 31, 2017
Financial Instruments Owned At Fair Value [Abstract]
Net loss from derivatives not designated as hedging instruments $ 10 $ 10

Note 13 - Derivative Liability

Note 13 - Derivative Liability (Asset) Key Inputs in Determination of Fair Value (Details) - Fair Value, Inputs, Level 3 [Member] $ / shares in Units, $ in MillionsDec. 31, 2018USD ($)$ / sharesDec. 31, 2017USD ($)$ / shares
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total value of embedded derivative asset | $ $ 4 $ 4
Kodak's closing stock price | $ / shares $ 2.55 $ 3.10
Expected stock price volatility [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Alternate measurement input percentage95.5558.22
Risk Free Rate [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Alternate measurement input percentage2.462.08
Yield on the Preferred Stock [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Alternate measurement input percentage23.7722.31

Note 14 - Disaggregated Revenue

Note 14 - Disaggregated Revenue - Major Product (Details) - USD ($) $ in Millions12 Months Ended
Dec. 31, 2018Dec. 31, 2017
Disaggregation Of Revenue [Line Items]
Total Sales $ 1,325 [1] $ 1,386
Plates, Inks And Other Consumables [Member]
Disaggregation Of Revenue [Line Items]
Total Sales733
Ongoing service arrangements [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[2]262
Total Annuities [Member]
Disaggregation Of Revenue [Line Items]
Total Sales995
Equipment And Software [Member]
Disaggregation Of Revenue [Line Items]
Total Sales120
Film And Chemicals [Member]
Disaggregation Of Revenue [Line Items]
Total Sales159
Other [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[3]51
Print Systems [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]895
Print Systems [Member] | Plates, Inks And Other Consumables [Member]
Disaggregation Of Revenue [Line Items]
Total Sales685
Print Systems [Member] | Ongoing service arrangements [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[2]132
Print Systems [Member] | Total Annuities [Member]
Disaggregation Of Revenue [Line Items]
Total Sales817
Print Systems [Member] | Equipment And Software [Member]
Disaggregation Of Revenue [Line Items]
Total Sales78
Enterprise Inkjet Systems [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]136
Enterprise Inkjet Systems [Member] | Plates, Inks And Other Consumables [Member]
Disaggregation Of Revenue [Line Items]
Total Sales32
Enterprise Inkjet Systems [Member] | Ongoing service arrangements [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[2]79
Enterprise Inkjet Systems [Member] | Total Annuities [Member]
Disaggregation Of Revenue [Line Items]
Total Sales111
Enterprise Inkjet Systems [Member] | Equipment And Software [Member]
Disaggregation Of Revenue [Line Items]
Total Sales25
Software and Solutions [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]84
Software and Solutions [Member] | Ongoing service arrangements [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[2]48
Software and Solutions [Member] | Total Annuities [Member]
Disaggregation Of Revenue [Line Items]
Total Sales48
Software and Solutions [Member] | Equipment And Software [Member]
Disaggregation Of Revenue [Line Items]
Total Sales17
Software and Solutions [Member] | Other [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[3]19
Consumer and Film [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]189
Consumer and Film [Member] | Plates, Inks And Other Consumables [Member]
Disaggregation Of Revenue [Line Items]
Total Sales16
Consumer and Film [Member] | Ongoing service arrangements [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[2]3
Consumer and Film [Member] | Total Annuities [Member]
Disaggregation Of Revenue [Line Items]
Total Sales19
Consumer and Film [Member] | Film And Chemicals [Member]
Disaggregation Of Revenue [Line Items]
Total Sales159
Consumer and Film [Member] | Other [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[3]11
Advanced Materials and 3D Printing Technology [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]4
Advanced Materials and 3D Printing Technology [Member] | Other [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[3]4
Eastman Business Park [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]17
Eastman Business Park [Member] | Other [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[3] $ 17
[1]Sales are reported in the geographic area in which they originate. No non-U.S. country generated more than 10% of net sales in the year ended December 31, 2018
[2]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.
[3]Other includes revenue from professional services, non-recurring engineering services, print and managed media services, tenant rent and related property management services and licensing.

Note 14 - Disaggregated Reven_2

Note 14 - Disaggregated Revenue - Product Portfolio Summary (Details) - USD ($) $ in Millions12 Months Ended
Dec. 31, 2018Dec. 31, 2017
Disaggregation Of Revenue [Line Items]
Total Sales $ 1,325 [1] $ 1,386
Print Systems [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]895
Enterprise Inkjet Systems [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]136
Software and Solutions [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]84
Consumer and Film [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]189
Advanced Materials and 3D Printing Technology [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]4
Eastman Business Park [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]17
Growth Engines [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[2]341
Growth Engines [Member] | Print Systems [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[2]159
Growth Engines [Member] | Enterprise Inkjet Systems [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[2]84
Growth Engines [Member] | Software and Solutions [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[2]84
Growth Engines [Member] | Consumer and Film [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[2]11
Growth Engines [Member] | Advanced Materials and 3D Printing Technology [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[2]3
Strategic Other Businesses [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[3]880
Strategic Other Businesses [Member] | Print Systems [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[3]700
Strategic Other Businesses [Member] | Consumer and Film [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[3]162
Strategic Other Businesses [Member] | Advanced Materials and 3D Printing Technology [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[3]1
Strategic Other Businesses [Member] | Eastman Business Park [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[3]17
Planned Declining Businesses [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[4]104
Planned Declining Businesses [Member] | Print Systems [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[4]36
Planned Declining Businesses [Member] | Enterprise Inkjet Systems [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[4]52
Planned Declining Businesses [Member] | Consumer and Film [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[4] $ 16
[1]Sales are reported in the geographic area in which they originate. No non-U.S. country generated more than 10% of net sales in the year ended December 31, 2018
[2]Growth engines consist of Sonora, PROSPER, Software and Solutions, AM3D, excluding intellectual property (IP) licensing, and brand licensing.
[3]Strategic Other Businesses include plates, Computer to Plate (“CTP”) and related service, and Nexpress and related toner business in the Print Systems segment, Motion Picture and Industrial Film and Chemicals in the Consumer and Film segment, Eastman Business Park and IP licensing.
[4]Planned Declining Businesses are product lines where the decision has been made to stop new product development and manage an orderly expected decline in the installed product and annuity base. These product families consist of Consumer Inkjet in the Consumer and Film segment, Versamark in the Enterprise Inkjet Systems segment and Digimaster in the Print Systems segment.

Note 14 - Disaggregated Reven_3

Note 14 - Disaggregated Revenue - Geography (Details) - USD ($) $ in Millions12 Months Ended
Dec. 31, 2018Dec. 31, 2017
Disaggregation Of Revenue [Line Items]
Total Sales $ 1,325 [1] $ 1,386
Print Systems [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]895
Enterprise Inkjet Systems [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]136
Software and Solutions [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]84
Consumer and Film [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]189
Advanced Materials and 3D Printing Technology [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]4
Eastman Business Park [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]17
United States [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]454
United States [Member] | Print Systems [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]234
United States [Member] | Enterprise Inkjet Systems [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]45
United States [Member] | Software and Solutions [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]29
United States [Member] | Consumer and Film [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]125
United States [Member] | Advanced Materials and 3D Printing Technology [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]4
United States [Member] | Eastman Business Park [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]17
Canada [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]21
Canada [Member] | Print Systems [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]13
Canada [Member] | Enterprise Inkjet Systems [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]1
Canada [Member] | Software and Solutions [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]4
Canada [Member] | Consumer and Film [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]3
North America [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]475
North America [Member] | Print Systems [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]247
North America [Member] | Enterprise Inkjet Systems [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]46
North America [Member] | Software and Solutions [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]33
North America [Member] | Consumer and Film [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]128
North America [Member] | Advanced Materials and 3D Printing Technology [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]4
North America [Member] | Eastman Business Park [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]17
Europe, Middle East and Africa [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]465
Europe, Middle East and Africa [Member] | Print Systems [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]367
Europe, Middle East and Africa [Member] | Enterprise Inkjet Systems [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]56
Europe, Middle East and Africa [Member] | Software and Solutions [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]22
Europe, Middle East and Africa [Member] | Consumer and Film [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]20
Asia Pacific [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]323
Asia Pacific [Member] | Print Systems [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]226
Asia Pacific [Member] | Enterprise Inkjet Systems [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]31
Asia Pacific [Member] | Software and Solutions [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]25
Asia Pacific [Member] | Consumer and Film [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]41
Latin America [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]62
Latin America [Member] | Print Systems [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]55
Latin America [Member] | Enterprise Inkjet Systems [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1]3
Latin America [Member] | Software and Solutions [Member]
Disaggregation Of Revenue [Line Items]
Total Sales[1] $ 4
[1]Sales are reported in the geographic area in which they originate. No non-U.S. country generated more than 10% of net sales in the year ended December 31, 2018

Note 14 - Revenue (Details Text

Note 14 - Revenue (Details Textual) - USD ($) $ in Millions12 Months Ended
Dec. 31, 2018Dec. 31, 2017
Disaggregation Of Revenue [Line Items]
Contract liabilities $ 48 $ 35
Contract liabilities, current34 29
Revenue recognized, contract liabilities34
Contract with customer, cash payments received for liabilities that have been deferred36
Other Current Assets And Trade Receivables [Member]
Disaggregation Of Revenue [Line Items]
Contract assets3 2
Other Current Liabilities [Member]
Disaggregation Of Revenue [Line Items]
Contract liabilities, current42 35
Other Long-Term Liabilities [Member]
Disaggregation Of Revenue [Line Items]
Contract liabilities, non-current $ 6 $ 0

Note 15 - Summary of Other Oper

Note 15 - Summary of Other Operating Expense (Income), Net (Details) - USD ($) $ in Millions12 Months Ended
Dec. 31, 2018Dec. 31, 2017
Expense (income):
Gains related to the sales of assets $ (13) $ (8)
Legal reserve changes(6)
Asset impairments[1],[2],[3]13 24
Prosper asset remeasurement[4]12
Other(1)
Total9 $ 28
IRS and Korean National Tax Service Agreement [Member]
Expense (income):
Korea withholding tax refund[5] $ 16
[1]In the fourth quarter of 2017, Kodak recorded an impairment charge of $2 million related to the Kodak trade name. Refer to Note 5, “Goodwill and Other Intangible Assets.”
[2]In the fourth quarter of 2018, Kodak recorded an impairment charge of $13 million related to the Kodak trade name. Refer to Note 5, “Goodwill and Other Intangible Assets.”
[3]In the third quarter of 2017, due to canceling its copper mesh touch screen program, Kodak concluded that the carrying value of property, plant and equipment (PP&E) and intangible assets associated with those operations exceeded their fair value. Kodak recorded pre-tax impairment charges in the three months ended September 30, 2017 of $8 million related to the PP&E and $12 million for the intangible assets.
[4]In the first quarter of 2017, Kodak reduced the carrying value of Prosper fixed assets ($8 million) and intangible assets ($4 million) to the amount that would have been recorded if the Prosper assets, which were previously presented as held for sale, had been continuously classified as held and used.
[5]Refer to Note 17, “Income Taxes”, section, “IRS and Korean National Tax Service Agreement”.

Note 15 - Summary of Other Op_2

Note 15 - Summary of Other Operating Expense (Income), Net (Details) (Parentheticals) - USD ($) $ in Millions3 Months Ended
Dec. 31, 2018Dec. 31, 2017Sep. 30, 2017Mar. 31, 2017
Property, Plant and Equipment [Member]
Other Operating Income Expense Net [Line Items]
Reduced carrying value of assets $ 8 $ 8
Finite-Lived Intangible Assets
Other Operating Income Expense Net [Line Items]
Reduced carrying value of assets $ 12 $ 4
Other Operating Expense (Income) [Member] | Trade Names [Member]
Other Operating Income Expense Net [Line Items]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) $ 13 $ 2

Note 16 - Other (Income) Char_3

Note 16 - Other (Income) Charges, Net (Details) - USD ($) $ in Millions12 Months Ended
Dec. 31, 2018Dec. 31, 2017
Other Income And Expenses [Abstract]
Loss on foreign exchange transactions $ 16 $ 9
Change in fair value of embedded conversion features derivative liability[1](47)
Interest income(4)
Other1 5
Total $ 17 $ (37)
[1]Refer to Note 13, “Financial Instruments”.

Note 17 - Income Taxes (Details

Note 17 - Income Taxes (Details Textual) - USD ($)3 Months Ended12 Months Ended
Dec. 31, 2018Dec. 31, 2018Dec. 31, 2017Oct. 31, 2018
Schedule Of Income Taxes [Line Items]
U.S. corporate income tax rate21.00%35.00%
Decrease in net deferred tax assets $ 202,000,000
Benefit amount7,000,000
Tax cuts and jobs act, transition tax for accumulated foreign earnings provisional income tax expense (benefit) $ 0 14,000,000
Tax cuts and jobs act, transition tax for accumulated foreign earnings provisional liability $ 0 0
GILTI-related deferred amount0
Income tax benefit(4,000,000)(120,000,000)
Operating Loss Carryforwards1,503,000,000 1,503,000,000
Deferred Tax Assets, Operating Loss Carryforwards, Not Subject to Expiration746,000,000 746,000,000
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration757,000,000 757,000,000
Deferred Tax Assets, Tax Credit Carryforwards, Foreign357,000,000 357,000,000 343,000,000
Accumulated Deferred Investment Tax Credit $ 48,000,000 $ 48,000,000
Operating Loss Carryforwards Limitations Minimum Ownership Change Percentage50.00%50.00%
Operating Loss Carryforwards Limitations Ownership Change Period3 years
Deferred Tax Liabilities, Undistributed Foreign Earnings, Net of Provision for Withholding Tax56,000,000
Tax cuts and jobs act of 2017 change in tax rate deferred tax liability income tax benefit(7,000,000)
Provision for tax on undistributed earnings including foreign withholding tax $ 22,000,000 20,000,000
Deferred Tax Assets, Valuation Allowance $ 853,000,000 853,000,000 856,000,000
Deferred Tax Assets, Net of Valuation Allowance146,000,000 146,000,000 171,000,000
Income Tax Examination, Penalties and Interest Accrued16,000,000 16,000,000 17,000,000
Uncertain Tax Benefits26,000,000 26,000,000 29,000,000
Re-measurement of uncertain tax positions22,000,000
Minimum [Member]
Schedule Of Income Taxes [Line Items]
Decrease in Unrecognized Tax Benefits is Reasonably Possible0 0
Maximum [Member]
Schedule Of Income Taxes [Line Items]
Decrease in Unrecognized Tax Benefits is Reasonably Possible15,000,000 15,000,000
Foreign Tax Authority [Member]
Schedule Of Income Taxes [Line Items]
Deferred Tax Assets, Valuation Allowance155,000,000 155,000,000 159,000,000
Deferred Tax Assets, Net of Valuation Allowance323,000,000 323,000,000 352,000,000
Liability for Uncertain Tax Positions, Current1,000,000 1,000,000 6,000,000
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued1,000,000 1,000,000 2,000,000
Other Tax Expense (Benefit)(2,000,000)(1,000,000)
Domestic Tax Authority [Member]
Schedule Of Income Taxes [Line Items]
Deferred Tax Assets, Valuation Allowance698,000,000 698,000,000 697,000,000
Deferred Tax Assets, Net of Valuation Allowance676,000,000 676,000,000 675,000,000
Valuation Allowance of Deferred Tax Assets [Member]
Schedule Of Income Taxes [Line Items]
Benefit amount0
Income tax benefit(4,000,000)(101,000,000)
Tax cuts and jobs act of 2017 change in tax rate deferred tax liability income tax benefit0
Benefit associated with establishment of valuation allowance on deferred tax assets15,000,000 $ 7,000,000
IRS and Korean National Tax Service Agreement [Member]
Schedule Of Income Taxes [Line Items]
Income tax examination, liability (refund) adjustment from settlement with taxing authority $ 32,000,000
Proceeds from income tax refunds16,000,000
Payment of license fee[1] $ 16,000,000
Income tax benefit(32,000,000)
IRS and Korean National Tax Service Agreement [Member] | Other Operating Expense (Income) [Member]
Schedule Of Income Taxes [Line Items]
Payment of license fee16,000,000
IRS and Korean National Tax Service Agreement [Member] | Kodak [Member]
Schedule Of Income Taxes [Line Items]
Proceeds from income tax refunds $ 16,000,000
[1]Refer to Note 17, “Income Taxes”, section, “IRS and Korean National Tax Service Agreement”.

Note 17 - Components of Loss Fr

Note 17 - Components of Loss From Continuing Operations and Tax Benefit (Details) - USD ($) $ in Millions12 Months Ended
Dec. 31, 2018Dec. 31, 2017
(Loss) earnings from continuing operations before income taxes:
U.S. $ (46) $ (59)
Outside the U.S.33 33
Loss from continuing operations before income taxes(13)(26)
U.S. income taxes:
Current (benefit) provision(30)1
Deferred provision (benefit)1 (31)
Income taxes outside the U.S.:
Current provision4 6
Deferred provision benefit21 (95)
State and other income taxes:
Current benefit(1)
Total provision $ (4) $ (120)

Note 17 - Income Tax Benefit Re

Note 17 - Income Tax Benefit Reconciliation (Details) - USD ($) $ in Millions12 Months Ended
Dec. 31, 2018Dec. 31, 2017
Income Tax Disclosure [Abstract]
Amount computed using the statutory rate $ (3) $ (9)
Increase (reduction) in taxes resulting from:
Unremitted foreign earnings2 2
Impact of goodwill and intangible impairments(21)
Operations outside the U.S.28 14
Legislative tax law and rate changes7 150
Valuation allowance(18)(266)
Tax settlements and adjustments, including interest(33)(11)
Discharge of debt and other reorganization related items13 39
Embedded derivative liability conversion(17)
Other, net(1)
Total provision $ (4) $ (120)

Note 17 - Deferred Tax Assets a

Note 17 - Deferred Tax Assets and Liabilities Significant Components (Details) - USD ($) $ in MillionsDec. 31, 2018Dec. 31, 2017
Deferred tax assets
Pension and postretirement obligations $ 62 $ 96
Restructuring programs1 1
Foreign tax credit357 343
Inventories9 10
Investment tax credit48 58
Employee deferred compensation23 25
Depreciation64 68
Research and development costs67 80
Tax loss carryforwards338 307
Other deferred revenue1 4
Other69 73
Total deferred tax assets1,039 1,065
Deferred tax liabilities
Leasing2 2
Goodwill/intangibles16 16
Unremitted foreign earnings22 20
Total deferred tax liabilities40 38
Net deferred tax assets before valuation allowance999 1,027
Valuation allowance853 856
Net deferred tax assets $ 146 $ 171

Note 17 - Components of Deferre

Note 17 - Components of Deferred Tax Assets (Liabilities) (Details) - USD ($) $ in MillionsDec. 31, 2018Dec. 31, 2017
Income Tax Disclosure [Abstract]
Deferred income taxes $ 160 $ 187
Other long-term liabilities(14)(16)
Net deferred tax assets $ 146 $ 171

Note 17 - Reconciliation of Unr

Note 17 - Reconciliation of Unrecognized Tax Benefits (Details) - USD ($) $ in Millions12 Months Ended
Dec. 31, 2018Dec. 31, 2017
Income Tax Disclosure [Abstract]
Balance as of January 1 $ 61 $ 84
Tax positions related to the current year:
Additions7
Tax positions related to prior years:
Additions1 6
Reductions(5)(28)
Settlements with taxing jurisdictions(4)
Lapses in statute of limitations(4)
Balance as of December 31 $ 57 $ 61

Note 18 - Restructuring Costs_3

Note 18 - Restructuring Costs and Other - Restructuring Liabilities (Details) - USD ($) $ in Millions12 Months Ended
Dec. 31, 2018Dec. 31, 2017
Restructuring Cost And Reserve [Line Items]
Beginning Balance $ 10 $ 8
Charges17 38
Utilization/cash payments(14)(24)
Other adjustments & reclasses(5)[1](12)[2]
Ending Balance8 10
Severance Reserve [Member]
Restructuring Cost And Reserve [Line Items]
Beginning Balance[3]6 5
Charges[3]17 26
Utilization/cash payments[3](12)(13)
Other adjustments & reclasses[3](5)[1](12)[2]
Ending Balance[3]6 6
Exit Costs Reserve [Member]
Restructuring Cost And Reserve [Line Items]
Beginning Balance[3]4 3
Charges[3]3
Utilization/cash payments[3](2)(2)
Ending Balance[3] $ 2 4
Long Lived Asset Impairments and Inventory Write Downs [Member]
Restructuring Cost And Reserve [Line Items]
Charges[3]9
Utilization/cash payments[3] $ (9)
[1]The $(5) million represents severance charges funded from pension plan assets, which were reclassified to Pension and other postretirement liabilities.
[2]The $(12) million includes $(13) million of severance charges funded from pension plan assets, which were reclassified to Pension and other postretirement liabilities, and $1 million of foreign currency translation adjustments.
[3]The 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.

Note 18 - Restructuring Costs_4

Note 18 - Restructuring Costs and Other - Restructuring Liabilities (Details) (Parenthetical) - USD ($) $ in Millions12 Months Ended
Dec. 31, 2018Dec. 31, 2017
Restructuring And Related Activities [Abstract]
Other adjustments & reclasses $ (5)[1] $ (12)[2]
Severance Costs $ (5)(13)
Foreign Currency Transaction Gain (Loss), Realized $ 1
[1]The $(5) million represents severance charges funded from pension plan assets, which were reclassified to Pension and other postretirement liabilities.
[2]The $(12) million includes $(13) million of severance charges funded from pension plan assets, which were reclassified to Pension and other postretirement liabilities, and $1 million of foreign currency translation adjustments.

Note 18 - Restructuring Costs_5

Note 18 - Restructuring Costs and Other (Details Textual) $ in Millions12 Months Ended
Dec. 31, 2018USD ($)PositionDec. 31, 2017USD ($)Position
Restructuring Cost And Reserve [Line Items]
Restructuring Costs | $ $ 17 $ 38
Restructuring and Related Cost, Number of Positions Eliminated285 475
Delayed severance payments | $ $ 2
US and Canada [Member]
Restructuring Cost And Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated130 325
World Excluding US and Canada [Member]
Restructuring Cost And Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated155 150
Restructuring costs and other [Member]
Restructuring Cost And Reserve [Line Items]
Restructuring Costs | $ $ 17 $ 31
Inventory Write-down [Member] | Cost of revenues [Member]
Restructuring Cost And Reserve [Line Items]
Restructuring Costs | $ $ 7
Administrative Positions [Member]
Restructuring Cost And Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated115 225
Manufacturing Service Positions [Member]
Restructuring Cost And Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated100 150
Research and Development Positions [Member]
Restructuring Cost And Reserve [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated70 100

Note 19 - Retirement Plans - (D

Note 19 - Retirement Plans - (Details Textual) - USD ($) $ in Millions12 Months Ended
Dec. 31, 2019Dec. 31, 2018Dec. 31, 2017
Retirement Plans [Line Items]
Income (loss) from discontinued operations $ 1 $ 1
Defined Benefit Plan, Special Termination Benefits5 $ 13
U.S. [Member]
Retirement Plans [Line Items]
Net actuarial loss $ 5
U.S. [Member] | Equity Securities Exposure Obtained Through Derivatives [Member]
Retirement Plans [Line Items]
Percentage of securities exposure obtained through derivatives5.00%2.00%
U.S. [Member] | Government Bond Exposure Obtained Through Derivatives [Member]
Retirement Plans [Line Items]
Percentage of securities exposure obtained through derivatives30.00%31.00%
Duration of securities exposure obtained through derivatives12 years13 years
Non-US [Member]
Retirement Plans [Line Items]
Net actuarial loss $ 5 $ 3
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets3.86%
Non-US [Member] | Equity Securities Exposure Obtained Through Derivatives [Member]
Retirement Plans [Line Items]
Percentage of securities exposure obtained through derivatives0.00%0.00%
Non-US [Member] | Government Bond Exposure Obtained Through Derivatives [Member]
Retirement Plans [Line Items]
Percentage of securities exposure obtained through derivatives7.00%7.00%
Duration of securities exposure obtained through derivatives5 years7 years
Scenario, Forecast [Member]
Retirement Plans [Line Items]
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) (in Dollars) $ (7)
Net actuarial loss $ (5)
Scenario, Forecast [Member] | U.S. [Member]
Retirement Plans [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets6.50%
Cash Balance Plan [Member]
Retirement Plans [Line Items]
Defined Benefit Plan Contributions By Employer Minimum Percentage Of Employee Salary7.00%
Defined Benefit Plan Contributions By Employer Maximum Percentage Of Employee Salary8.00%

Note 19 - Major Funded and Unfu

Note 19 - Major Funded and Unfunded Defined Benefit Plans (Details) - USD ($) $ in Millions12 Months Ended
Dec. 31, 2018Dec. 31, 2017
Change in Benefit Obligation
Special termination benefits $ 5 $ 13
U.S. [Member]
Change in Plan Assets
Over (under) funded status at end of period40 (62)
Non-US [Member]
Change in Plan Assets
Over (under) funded status at end of period(163)(163)
Defined Benefit Plans [Member] | U.S. [Member]
Change in Benefit Obligation
Projected benefit obligation at beginning of period3,866 3,908
Service cost13 12
Interest cost109 115
Benefit payments(414)(352)
Actuarial (gain) loss(174)170
Special termination benefits5 13
Projected benefit obligation at end of period3,405 3,866
Change in Plan Assets
Fair value of plan assets at beginning of period3,804 3,653
Gain on plan assets55 503
Benefit payments(414)(352)
Fair value of plan assets at end of period3,445 3,804
Over (under) funded status at end of period40 (62)
Accumulated benefit obligation at end of period3,403 3,864
Defined Benefit Plans [Member] | Non-US [Member]
Change in Benefit Obligation
Projected benefit obligation at beginning of period885 816
Service cost3 3
Interest cost12 12
Benefit payments(50)(48)
Actuarial (gain) loss37
Currency adjustments(16)65
Projected benefit obligation at end of period834 885
Change in Plan Assets
Fair value of plan assets at beginning of period722 693
Gain on plan assets5 27
Employer contributions4 5
Benefit payments(50)(48)
Currency adjustments(10)45
Fair value of plan assets at end of period671 722
Over (under) funded status at end of period(163)(163)
Accumulated benefit obligation at end of period $ 824 $ 874

Note 19 - Amounts Recognized in

Note 19 - Amounts Recognized in Consolidated Statement of Financial Position (Details) - USD ($) $ in MillionsDec. 31, 2018Dec. 31, 2017
Amounts Recognized In Consolidated Statement Of Financial Position [Line Items]
Pension assets $ 82 $ 43
Pension and other postretirement liabilities(379)(462)
U.S. [Member]
Amounts Recognized In Consolidated Statement Of Financial Position [Line Items]
Pension assets40
Pension and other postretirement liabilities(62)
Net amount recognized40 (62)
Non-US [Member]
Amounts Recognized In Consolidated Statement Of Financial Position [Line Items]
Pension assets32 35
Pension and other postretirement liabilities(195)(198)
Net amount recognized $ (163) $ (163)

Note 19 - Major Funded and Un_2

Note 19 - Major Funded and Unfunded Defined Benefit Plans With Accumulated Benefit Obligation in Excess of Plan Assets (Details) - USD ($) $ in MillionsDec. 31, 2018Dec. 31, 2017
U.S. [Member]
Major Funded And Unfunded Defined Benefit Plans With Accumulated Benefit Obligation In Excess Of Plan Assets [Line Items]
Projected benefit obligation $ 3,866
Accumulated benefit obligation3,864
Fair value of plan assets3,804
Non-US [Member]
Major Funded And Unfunded Defined Benefit Plans With Accumulated Benefit Obligation In Excess Of Plan Assets [Line Items]
Projected benefit obligation $ 578 617
Accumulated benefit obligation568 606
Fair value of plan assets $ 382 $ 419

Note 19 - Amounts Recognized _2

Note 19 - Amounts Recognized in Accumulated Other Comprehensive Loss For All Major Funded and Unfunded Defined Benefit Plans (Details) - USD ($) $ in MillionsDec. 31, 2018Dec. 31, 2017
U.S. [Member]
Amounts Recognized In Accumulated Other Comprehensive Loss For All Major Funded And Unfunded Defined Benefit Plans [Line Items]
Prior service credit $ 27 $ 36
Net actuarial loss(258)(271)
Total(231)(235)
Non-US [Member]
Amounts Recognized In Accumulated Other Comprehensive Loss For All Major Funded And Unfunded Defined Benefit Plans [Line Items]
Prior service credit3 3
Net actuarial loss(126)(110)
Total $ (123) $ (107)

Note 19 - Changes in Major Plan

Note 19 - Changes in Major Plan Assets and Benefit Recognized in Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions12 Months Ended
Dec. 31, 2018Dec. 31, 2017
Changes In Plan Assets And Benefit Recognized In Other Comprehensive Income Loss [Line Items]
Newly established gain (loss) $ (5) $ 35
Amortization of:
Prior service credit[1](8)(8)
U.S. [Member]
Changes In Plan Assets And Benefit Recognized In Other Comprehensive Income Loss [Line Items]
Newly established gain (loss)6 90
Amortization of:
Prior service credit(7)(7)
Net actuarial loss5
Total (loss) income recognized in Other comprehensive income4 83
Non-US [Member]
Changes In Plan Assets And Benefit Recognized In Other Comprehensive Income Loss [Line Items]
Newly established gain (loss)(21)(37)
Amortization of:
Net actuarial loss5 3
Total (loss) income recognized in Other comprehensive income $ (16) $ (34)
[1]Reclassified to Pension (income) expense - refer to Note 19, "Retirement Plans" and Note 20, "Other Postretirement Benefits" for additional information.

Note 19 - Pension Income From C

Note 19 - Pension Income From Continuing Operations For All Defined Benefit Plans (Details) - USD ($) $ in Millions12 Months Ended
Dec. 31, 2018Dec. 31, 2017
U.S. [Member]
Pension Income Expense From Continuing And Discontinued Operations For Major Defined Benefit Plans [Line Items]
Actuarial loss $ (5)
Non-US [Member]
Pension Income Expense From Continuing And Discontinued Operations For Major Defined Benefit Plans [Line Items]
Actuarial loss(5) $ (3)
Defined Benefit Plans [Member] | U.S. [Member]
Pension Income Expense From Continuing And Discontinued Operations For Major Defined Benefit Plans [Line Items]
Service cost13 12
Interest cost109 115
Expected return on plan assets(223)(243)
Prior service credit(7)(7)
Actuarial loss5
Pension income before special termination benefits(103)(123)
Special termination benefits5 13
Net pension income for major defined benefit plans(98)(110)
Net pension income(98)(110)
Defined Benefit Plans [Member] | Non-US [Member]
Pension Income Expense From Continuing And Discontinued Operations For Major Defined Benefit Plans [Line Items]
Service cost3 3
Interest cost12 12
Expected return on plan assets(26)(27)
Actuarial loss5 3
Pension income before special termination benefits(6)(9)
Net pension income for major defined benefit plans(6)(9)
Other plans including unfunded plans(4)
Net pension income $ (10) $ (9)

Note 19 - Weighted-average Assu

Note 19 - Weighted-average Assumptions Used to Determine Benefit Obligation Amounts (Details)Dec. 31, 2018Dec. 31, 2017
U.S. [Member]
Weighted Average Assumptions Used To Determine Benefit Obligation Amounts [Line Items]
Discount rate4.04%3.34%
Salary increase rate3.50%3.50%
Non-US [Member]
Weighted Average Assumptions Used To Determine Benefit Obligation Amounts [Line Items]
Discount rate2.05%1.90%
Salary increase rate2.06%2.17%

Note 19 - Weighted-average As_2

Note 19 - Weighted-average Assumptions Used to Determine Net Pension (Income) Expenses (Details)12 Months Ended
Dec. 31, 2018Dec. 31, 2017
Non-US [Member]
Weighted Average Assumptions Used To Determine Net Pension Income Expenses [Line Items]
Expected long-term rate of return on plan assets3.86%
Defined Benefit Plans [Member] | U.S. [Member]
Weighted Average Assumptions Used To Determine Net Pension Income Expenses [Line Items]
Effective rate for service cost3.33%3.68%
Effective rate for interest cost2.96%3.06%
Salary increase rate3.50%3.43%
Expected long-term rate of return on plan assets6.40%7.00%
Defined Benefit Plans [Member] | Non-US [Member]
Weighted Average Assumptions Used To Determine Net Pension Income Expenses [Line Items]
Effective rate for service cost2.32%2.66%
Effective rate for interest cost1.70%1.56%
Salary increase rate2.17%2.09%
Expected long-term rate of return on plan assets3.98%4.21%

Note 19 - Weighted-average Asse

Note 19 - Weighted-average Asset Allocation By Assets Category (Details)Dec. 31, 2018Dec. 31, 2017
Major US Plans [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations100.00%100.00%
Major US Plans [Member] | Equity Securities [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations11.00%10.00%
Major US Plans [Member] | Equity Securities [Member] | Minimum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations7.00%
Major US Plans [Member] | Equity Securities [Member] | Maximum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations13.00%
Major US Plans [Member] | Debt Securities [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations40.00%42.00%
Major US Plans [Member] | Debt Securities [Member] | Minimum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations35.00%
Major US Plans [Member] | Debt Securities [Member] | Maximum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations45.00%
Major US Plans [Member] | Real Estate [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations2.00%2.00%
Major US Plans [Member] | Real Estate [Member] | Minimum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations0.00%
Major US Plans [Member] | Real Estate [Member] | Maximum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations6.00%
Major US Plans [Member] | Cash and Cash Equivalents [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations1.00%1.00%
Major US Plans [Member] | Cash and Cash Equivalents [Member] | Minimum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations0.00%
Major US Plans [Member] | Cash and Cash Equivalents [Member] | Maximum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations6.00%
Major US Plans [Member] | Global Balanced Asset Allocation Funds [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations13.00%