Note 23 - Segment Information

12 Months Ended

Dec. 31, 2014

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 23:  SEGMENT INFORMATION

Current Segment Reporting Structure

Kodak has two reportable segments: the Graphics, Entertainment and Commercial Films Segment and the Digital Printing and Enterprise Segment. The balance of Kodak’s continuing operations, which do not meet the criteria of a reportable segment, are reported in All Other.  A description of the segments follows.

Graphics, Entertainment and Commercial Films: The Graphics, Entertainment and Commercial Films Segment provides digital and traditional product and service offerings to a variety of commercial industries, including commercial print, direct mail, book publishing, newspapers and magazines, packaging, motion picture entertainment, printed electronics, and the aerial and industrial film markets.   The Graphics, Entertainment and Commercial Films Segment encompass Graphics, Entertainment Imaging & Commercial Films and Kodak’s intellectual property and brand licensing activities.   Products and services offerings include digital plates, CTP output devices, digital controllers, unified workflow solutions and entertainment imaging and commercial films.

Digital Printing and Enterprise: The Digital Printing and Enterprise Segment serves a variety of customers in the creative, in-plant, data center, consumer printing, commercial printing, packaging, newspaper and digital service bureau market segments with a range of software, media and hardware products that provide customers with a variety of solutions.  The Digital Printing and Enterprise Segment encompasses Digital Printing, including PROSPER equipment and STREAM technology, Packaging and Functional Printing which includes the FLEXCEL NX and FLEXCEL direct platforms, Enterprise Services & Solutions, and Consumer Inkjet Systems.  On September 28, 2012, Kodak announced a plan, starting in 2013, to focus its Consumer Inkjet business solely on the sale of ink to its installed printer base.

All Other: All Other is composed of Kodak’s consumer film business in countries where that business has not yet transferred ownership to the KPP Purchasing Parties, and a utilities variable interest entity. Effective August 31, 2013 the Company sold certain utilities and related facilities and entered into utilities supply and servicing arrangements with RED-Rochester, LLC (“RED”), a variable interest entity of which Kodak is the primary beneficiary.

Segment financial information is shown below:

	Successor				Predecessor
	Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013		Year Ended December 31, 2012
(in millions)
Net sales from continuing operations:
Graphics, Entertainment & Commercial Films	$	1,434	$	521	$	987	$	1,680
Digital Printing and Enterprise		668		284		519		939
All Other		-		2		36		100
Consolidated total	$	2,102	$	807	$	1,542	$	2,719

	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
Segment (loss) earnings and Consolidated (loss) earnings from continuing operations before income taxes:
Graphics, Entertainment and Commercial Films	$	31		$	(35	)	$	5		$	(210	)
Digital Printing and Enterprise		(77	)		(59	)		(37	)		(280	)
Total segment (loss) earnings		(46	)		(94	)		(32	)		(490	)
All Other		(10	)		(3	)		-			(3	)
Restructuring costs and other		(61	)		(17	)		(49	)		(232	)
Corporate components of pension and OPEB income (expense) (1)		110			67			43			(2	)
Other operating (expense) income, net		(9	)		(2	)		495			86
Legal contingencies, settlements and other		(4	)		3			-			(1	)
Loss on early extinguishment of debt, net		-			-			(8	)		(7	)
Interest expense		(62	)		(22	)		(106	)		(139	)
Other (charges) income net		(17	)		10			(13	)		21
Reorganization items, net		(13	)		(16	)		2,026			(843	)
Consolidated (loss) earnings from continuing operations before income taxes	$	(112	)	$	(74	)	$	2,356		$	(1,610	)

(1)   Composed of interest cost, expected return on plan assets, amortization of actuarial gains and losses, amortization of prior service credits related to the U.S. Postretirement Benefit Plan and special termination benefits, curtailments and settlement components of pension and other postretirement benefit expenses, except for settlements in connection with the chapter 11 bankruptcy proceedings that are recorded in Reorganization items, net and curtailments and settlements included in Earnings (loss) from discontinued operations, net of income taxes in the Consolidated Statement of Operations.

(in millions)	Successor				Predecessor
	December 31,		December 31,		December 31,
	2014		2013		2012
Segment total assets:
Graphics, Entertainment and Commercial Films	$	1,049	$	1,322	$	1,350
Digital Printing and Enterprise		591		681		524
Total of reportable segments		1,640		2,003		1,874
All Other		121		156		189
Cash and cash equivalents		712		844		1,135
Deferred income tax assets		69		102		545
Assets held for sale		14		95		578
Consolidated total assets	$	2,556	$	3,200	$	4,321

(in millions)	Successor				Predecessor
Intangible asset amortization expense   from continuing operations:	Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013		Year Ended December 31, 2012
Graphics, Entertainment and Commercial Films	$	8	$	3	$	7	$	21
Digital Printing and Enterprise		17		5		3		5
Consolidated total	$	25	$	8	$	10	$	26

(in millions)	Successor				Predecessor
Depreciation expense from continuing   operations:	Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013		Year Ended December 31, 2012
Graphics, Entertainment and Commercial Films	$	121	$	46	$	61	$	100
Digital Printing and Enterprise		36		13		20		41
Sub-total		157		59		81		141
Other		15		8		6		29
Restructuring-related depreciation		2		-		4		12
Consolidated total	$	174	$	67	$	91	$	182

(in millions)	Successor				Predecessor
Capital additions from continuing   operations:	Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013		Year Ended December 31, 2012
Graphics, Entertainment and Commercial Films	$	22	$	13	$	10	$	14
Digital Printing and Enterprise		13		8		6		18
Sub-total		35		21		16		32
Other		8		-		2		1
Consolidated total	$	43	$	21	$	18	$	33

(in millions)	Successor				Predecessor
Net sales to external customers   attributed to (1):	Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013		Year Ended December 31, 2012
The United States	$	737	$	238	$	515	$	852
Europe, Middle East and Africa		727		287		548		966
Asia Pacific		451		207		330		660
Canada and Latin America		187		75		149		241
Non U.S. countries total		1,365		569		1,027		1,867
Consolidated total	$	2,102	$	807	$	1,542	$	2,719

(1)   Sales are reported in the geographic area in which they originate.  The Company’s operations in Japan generated more than 10% of net sales in the year ended December 31, 2012, totaling $274 million.  No other non-U.S. country generated more than 10% of net sales in the year ended December 31, 2014, four months ended December 31, 2013, eight months ended August 31, 2013 or year ended December 31, 2012.

(in millions)	Successor				Predecessor
Property, plant and equipment, net located in:	December 31, 2014		December 31, 2013		December 31, 2012
The United States	$	271	$	378	$	395
Europe, Middle East and Africa		68		91		85
Asia Pacific		75		83		96
Canada and Latin America		110		132		31
Non U.S. countries total (1)		253		306		212
Consolidated total	$	524	$	684	$	607

(1)   Of the total non U.S. property, plant and equipment in 2014, $95 million are located in Brazil and $59 million are located in China.  Of the total non U.S. property, plant and equipment in 2013, $113 million are located in Brazil.  No other non U.S. country had greater than 10% of property, plant and equipment in 2014, 2013 or 2012.