Note 18: Condensed Combined Debtor-In-Possession Financial Information (Tables)

6 Months Ended

Jun. 30, 2012

Debtor In Possession Condensed Statement Of Income [Table Text Block]

	Three Months Ended
	June 30, 2012			June 30, 2012
Net sales
Products	$	417		$	803
Services		89			182
Licensing & royalties		3			(55	)
Total net sales	$	509		$	930
Cost of sales
Products	$	440		$	871
Services		80			162
Total cost of sales	$	520		$	1,033
Gross profit	$	(11	)	$	(103	)
Selling, general and administrative expenses		107			222
Research and development costs		44			98
Restructuring costs and other		9			81
Other operating (income) expenses, net		(20	)		(21	)
Loss from continuing operations before interest expense, other income (charges), net, reorganization items, net and income taxes		(151	)		(483	)
Interest expense (contractual interest of $98 million)		37			73
Loss on early extinguishment of debt, net		-			7
Other income (charges), net		(3	)		-
Reorganization items, net		160			248
Loss from continuing operations before income taxes		(351	)		(811	)
Benefit for income taxes		(10	)		(145	)
Net loss		(341	)		(666	)
Equity in earnings of non-filing entities, net of tax		42			1
NET LOSS ATTRIBUTABLE TO EASTMAN KODAK COMPANY	$	(299	)	$	(665	)

Debtor In Possession Condensed Statement Of Comprehensive Loss Income [Table Text Block]

	Three Months Ended			Six Months Ended
	June 30, 2012			June 30, 2012
NET LOSS ATTRIBUTABLE TO DEBTOR ENTITIES	$	(341	)	$	(666	)
Other comprehensive income (loss), net of tax:
Realized and unrealized gains from hedging activity, net of tax of $0 for the three and six months ended June 30, 2012		2			4
Unrealized gain from investment, net of tax of $0 for the three months ended June 30, 2012		(1	)		-
Currency translation adjustments		2			3
Pension and other postretirement benefit plan obligation activity, net of tax of $0 for the three and six months ended June 30, 2012		20			40
Total comprehensive loss, net of tax	$	(318	)	$	(619	)

Debtor In Possession Condensed Statement Of Retained Earnings [Table Text Block]

	Three Months Ended June 30, 2012			Six Months Ended June 30, 2012
Retained earnings at beginning of period	$	4,484		$	4,910
Net loss		(299	)		(665	)
Loss from issuance of treasury stock		-			(60	)
Retained earnings at end of period	$	4,185		$	4,185

Debtor In Possession Condensed Statement Of Financial Position [Table Text Block]

	As of
ASSETS	June 30, 2012
Current Assets
Cash and cash equivalents	$	510
Receivables, net		246
Receivables and advances from non-filing entities, net		255
Inventories, net		320
Deferred income taxes		12
Other current assets		43
Total current assets		1,386
Property, plant and equipment, net of accumulated depreciation of $3,471		491
Goodwill		144
Investment in non-filing entities		2,009
Other long-term assets		50
TOTAL ASSETS	$	4,080
LIABILITIES AND EQUITY (DEFICIT)
Current Liabilities
Accounts payable, trade	$	181
Accrued income and other taxes		8
Other current liabilities		411
Total current liabilities		600
Long-term debt, net of current portion		1,397
Other long-term liabilities		243
Liabilities subject to compromise		3,162
Total Liabilities		5,402
Equity (Deficit)
Common stock, $2.50 par value		978
Additional paid in capital		1,106
Retained earnings		4,185
Accumulated other comprehensive loss		(1,809	)
		4,460
Less: Treasury stock, at cost		(5,782	)
Total Eastman Kodak Company shareholders’ (deficit) equity		(1,322	)
Noncontrolling interests		-
Total (deficit) equity		(1,322	)
TOTAL LIABILITIES AND DEFICIT	$	4,080

Debtor In Possession Condensed Statement Of Cash Flows [Table Text Block]

	Six Months Ended June 30, 2012
Cash flows from operating activities:
Net loss	$	(666	)
Adjustments to reconcile to net cash used in operating activities:
Depreciation and amortization		71
Gain on sales of businesses/assets		(20	)
Loss on early extinguishment of debt		7
Non-cash restructuring costs, asset impairments and other charges		5
Non-cash and financing related reorganization items, net		205
Provision for deferred income taxes		4
Decrease in receivables		47
Increase in liabilities excluding borrowings		328
Other items, net		(182	)
Total adjustments		465
Net cash used in operating activities		(201	)
Cash flows from investing activities:
Additions to properties		(13	)
Proceeds from sales of business/assets		26
Marketable securities - sales		60
Marketable securities - purchases		(58	)
Net cash provided by investing activities		15
Cash flows from financing activities:
Proceeds from DIP credit agreement		686
Repayment of borrowings		(134	)
Reorganization items		(40	)
Net cash provided by financing activities		512
Effect of exchange rate changes on cash		-
Net increase in cash and cash equivalents		326
Cash and cash equivalents, beginning of period		184
Cash and cash equivalents, end of period	$	510

Debtor in Possession Pre-Petition Liabilities Subject to Compromise [Table Text Block]

(in millions)	As of June 30, 2012
Accounts payable	$	299
Debt		683
Pension and postretirement obligations		1,733
Payable and advances to non-filing entities		194
Other liabilities subject to compromise		253
Liabilities subject to compromise	$	3,162