Note 7 - Other Operating Income, Net

6 Months Ended

Jun. 30, 2014

Other Operating Income and Expense [Text Block]

NOTE 7: OTHER OPERATING INCOME, NET

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	Successor		Predecessor			Successor		Predecessor
(in millions)	2014		2013			2014		2013
(Income) expenses:
Gain on sale of digital imaging patent portfolio	$	-	$	-		$	-	$	(535	)
Goodwill impairment (1)		-		-			-		77
Gain on sale of property in Mexico (2)		-		-			-		(34	)
Other		-		(1	)		-		(3	)
Total	$	-	$	(1	)	$	-	$	(495	)

(1)	Kodak recorded an impairment charge of $77 million related to the Intellectual Property and Brand Licensing reporting unit related to the sale of its digital imaging patents during the first quarter of 2013.

(2)

In March 2012, Kodak sold a property in Mexico for approximately $41 million and leased back the property for a one-year term. The pre-tax gain on the property sale of approximately $34 million was deferred due to Kodak’s continuing involvement in the property for the remainder of the lease term.

In March 2013, the deferred gain was recognized as the lease term expired.