Note 12 - Other Operating Expense (Income), Net

12 Months Ended

Dec. 31, 2014

Other Operating Income and Expense [Text Block]

NOTE 12: OTHER OPERATING EXPENSE (INCOME), NET

	Successor						Predecessor
(in millions)	Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013			Year Ended December 31, 2012

Expense (income) :
Gain on sale of digital imaging patent portfolio (1)	$	-		$	-		$	(535	)	$	-
Goodwill and intangible impairments (2) (3) (4)		9			8			77			-
Supply arrangement termination payment (6)		-			-			-			(35	)
Gains related to the sales of assets and businesses (5) (7)		(3	)		(6	)		(34	)		(50	)
Other		3			-			(3	)		-
Total	$	9		$	2		$	(495	)	$	(85	)

(1)	Refer to Note 24, “Emergence from Voluntary Reorganization under Chapter 11 Proceedings.

(2)	In the fourth quarter of 2014, Kodak recorded an impairment charge of $9 million related to in-process research and development. Refer to Note 5, “Goodwill and Other Intangible Assets.”

(3)	In the fourth quarter of 2013, Kodak recorded an impairment charge of $8 million related to the Kodak trade name. Refer to Note 5, “Goodwill and Other Intangible Assets.”

(4)	In the first quarter of 2013, Kodak recorded an impairment charge of $77 million related to the Intellectual Property and Brand Licensing reporting unit. Refer to Note 5, “Goodwill and Other Intangible Assets.”

(5)

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.

(6)	In the fourth quarter of 2012, Kodak received cash proceeds of approximately $35 million associated with the termination of a supply arrangement.

(7)

In December 2003, Kodak sold a property in France for approximately $65 million, net of direct selling costs, and then leased back a portion of this property for a nine-year term. The entire gain on the property sale was deferred due to Kodak's significant continuing involvement in the property. In the fourth quarter of 2012, the lease term expired and Kodak’s continuing involvement in the property ended. As a result, Kodak recognized a gain of approximately $50 million.