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Note 2 - Emergence From Voluntary Reorganization Under Chapter 11 Proceedings (Details) (USD $)
0 Months Ended 1 Months Ended 3 Months Ended 12 Months Ended 0 Months Ended 1 Months Ended 0 Months Ended 0 Months Ended 0 Months Ended 6 Months Ended 0 Months Ended 2 Months Ended 3 Months Ended 8 Months Ended 9 Months Ended 0 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended 12 Months Ended 0 Months Ended 1 Months Ended 0 Months Ended 0 Months Ended 0 Months Ended 0 Months Ended
Sep. 03, 2013
Jun. 17, 2013
Jan. 31, 2013
Sep. 30, 2013
Aug. 31, 2013
Dec. 31, 2012
Dec. 31, 2012
Jun. 30, 2013
Jul. 18, 2013
Settlement Parties [Member]
Jan. 31, 2013
Unsecured Pre-Petition Claim [Member]
Sep. 03, 2013
Claims Expected to be Satisfied in Cash Reclassified from Liabilities Subject to Compromise [Member]
Reorganization Adjustments [Member]
Sep. 03, 2013
Claims Expected to be Satisfied in Cash Reclassified from Liabilities Subject to Compromise [Member]
Predecessor [Member]
Sep. 03, 2013
Claims Expected to be Satisfied in Cash Reclassified from Liabilities Subject to Compromise [Member]
Successor [Member]
Sep. 03, 2013
Success Fees Accrued Upon Emergence [Member]
Reorganization Adjustments [Member]
Accounts Payable and Accrued Liabilities [Member]
Sep. 03, 2013
Success Fees Accrued Upon Emergence [Member]
Reorganization Adjustments [Member]
Sep. 03, 2013
Repayment of All Term Loans from Junior DIP Credit Agreement [Member]
Reorganization Adjustments [Member]
Sep. 03, 2013
Decreased Capitalized Lease Obligations [Member]
Fresh Start Adjustments [Member]
Sep. 03, 2013
Decrease Remeasurement of Employee Benefit Obligations [Member]
Fresh Start Adjustments [Member]
Sep. 03, 2013
Increase Fair Value Adjustment Asset Retirement Obligations [Member]
Fresh Start Adjustments [Member]
Sep. 30, 2013
125% Warrants [Member]
Sep. 30, 2013
135% Warrants [Member]
Sep. 03, 2013
Rights Offering [Member]
Reflects Increase in Fair Value [Member]
Sep. 03, 2013
Rights Offering [Member]
Sep. 03, 2013
2013 Omnibus Incentive Plan [Member]
Sep. 03, 2013
Issued to Holders of General Unsecured Claims [Member]
Sep. 03, 2013
Issued to Backstop Parties, Payment for Fees [Member]
Sep. 03, 2013
Write-Off of Unamortized Debt Issuance Costs [Member]
Reorganization Adjustments [Member]
Sep. 03, 2013
Sales Revenue, Net [Member]
Minimum [Member]
Sep. 03, 2013
Sales Revenue, Net [Member]
Maximum [Member]
Sep. 03, 2013
Royalty Rates [Member]
Minimum [Member]
Technology-Based Intangible Assets [Member]
Sep. 03, 2013
Royalty Rates [Member]
Minimum [Member]
Sep. 03, 2013
Royalty Rates [Member]
Maximum [Member]
Technology-Based Intangible Assets [Member]
Sep. 03, 2013
Royalty Rates [Member]
Maximum [Member]
Sep. 03, 2013
Cost of Capital Discount Rate [Member]
In Process Research and Development [Member]
Sep. 03, 2013
Cost of Capital Discount Rate [Member]
Minimum [Member]
Technology-Based Intangible Assets [Member]
Sep. 03, 2013
Cost of Capital Discount Rate [Member]
Minimum [Member]
Customer-Related Intangible Assets [Member]
Sep. 03, 2013
Cost of Capital Discount Rate [Member]
Minimum [Member]
Sep. 03, 2013
Cost of Capital Discount Rate [Member]
Maximum [Member]
Technology-Based Intangible Assets [Member]
Sep. 03, 2013
Cost of Capital Discount Rate [Member]
Maximum [Member]
Customer-Related Intangible Assets [Member]
Sep. 03, 2013
Cost of Capital Discount Rate [Member]
Maximum [Member]
Sep. 03, 2013
Attrition Rates [Member]
Minimum [Member]
Customer-Related Intangible Assets [Member]
Sep. 03, 2013
Attrition Rates [Member]
Maximum [Member]
Customer-Related Intangible Assets [Member]
Jun. 17, 2013
Held in Trust Supporting Environmental Liabilities [Member]
Jun. 17, 2013
Escrow Account [Member]
Sep. 03, 2013
Senior Secured Term Loans [Member]
Aug. 03, 2013
Senior Secured Term Loans [Member]
Sep. 03, 2013
Revolving Credit Facility [Member]
Sep. 03, 2013
Subject to Repayment [Member]
Jun. 17, 2013
Historical [Member]
Jun. 30, 2013
Historical [Member]
Sep. 03, 2013
Reorganization Adjustments [Member]
Sep. 03, 2013
Fresh Start Adjustments [Member]
Aug. 31, 2013
Predecessor [Member]
Sep. 30, 2012
Predecessor [Member]
Aug. 31, 2013
Predecessor [Member]
Sep. 30, 2012
Predecessor [Member]
Sep. 03, 2013
Predecessor [Member]
Dec. 31, 2012
Predecessor [Member]
Sep. 30, 2013
Successor [Member]
Sep. 03, 2013
Successor [Member]
Aug. 31, 2013
Successor [Member]
Sep. 03, 2013
Gross Proceeds [Member]
Sep. 03, 2013
Net Cash Consideration [Member]
Dec. 31, 2012
Liabilities Held For Sale [Member]
Sep. 30, 2013
Technology-Based Intangible Assets [Member]
Dec. 31, 2012
Technology-Based Intangible Assets [Member]
Sep. 03, 2013
Technology-Based Intangible Assets [Member]
Sep. 30, 2013
Customer-Related Intangible Assets [Member]
Dec. 31, 2012
Customer-Related Intangible Assets [Member]
Sep. 03, 2013
Customer-Related Intangible Assets [Member]
Sep. 03, 2013
In Process Research and Development [Member]
Sep. 30, 2013
In Process Research and Development [Member]
Sep. 03, 2013
Favorable Contracts and Leasehold Improvements [Member]
Sep. 03, 2013
Repayment of all Loans Outstanding under the 9.75% Senior Secured Notes [Member]
Sep. 03, 2013
Repayment of 10.625% Senior Secured Notes [Member]
Sep. 03, 2013
Plan of Reorganization [Member]
Sep. 03, 2013
Issued to Unsecured Creditors and Backstop Parties [Member]
Sep. 03, 2013
Issued to Backstop Parties, Payment for Fees [Member]
Sep. 03, 2013
Issued to Holders of General Unsecured Claims [Member]
Sep. 03, 2013
Issued to Retiree Committee Unsecured Claims [Member]
Sep. 03, 2013
Administrative, Priority or Secured Claims [Member]
Sep. 03, 2013
Initital Registration [Member]
Sep. 03, 2013
KPP Note [Member]
Sep. 03, 2013
Cash Payment [Member]
Sep. 03, 2013
Administrative Claim [Member]
Sep. 03, 2013
General Unsecured Claim [Member]
Sep. 03, 2013
Minimum [Member]
Technology-Based Intangible Assets [Member]
Sep. 03, 2013
Minimum [Member]
Customer-Related Intangible Assets [Member]
Sep. 30, 2013
Minimum [Member]
Sep. 03, 2013
Maximum [Member]
Technology-Based Intangible Assets [Member]
Sep. 03, 2013
Maximum [Member]
Customer-Related Intangible Assets [Member]
Sep. 30, 2013
Maximum [Member]
Note 2 - Emergence From Voluntary Reorganization Under Chapter 11 Proceedings (Details) [Line Items]                                                                                                                                                                                        
Stock Authorized (in Shares) 560,000,000                                                                                                                   560,000,000                                                                  
Preferred Stock, Shares Authorized (in Shares) 60,000,000         60,000,000 60,000,000                                                                                                                                                                          
Preferred Stock, No Par Value (in Dollars per share) $ 0                                                                                                                                                                                      
Common Stock, Shares Authorized (in Shares)       500,000,000                                                                                                                                               500,000,000                                
Common Stock, Par or Stated Value Per Share (in Dollars per share) $ 0.01       $ 446,501 $ 10,000 $ 10,000                                                                                                     $ 2.50 $ 0.01                                                                  
Line of Credit Facility, Maximum Borrowing Capacity       $ 0.03                                                                                 $ 695,000,000 $ 150,000,000 $ 200,000,000                                                                                          
Stock Issued During Period, Shares, New Issues (in Shares) 6,000,000                                           34,000,000 100,000 6,000,000 1,700,000                                                                                                     34,000,000 1,700,000 2,100,000 2,100,000                        
Share Price (in Dollars per share)       $ 14.11                                   $ 14.11 $ 11.94   $ 14.11 $ 14.11                                                                                                     $ 11.94                              
Stock Issued During Period, Value, New Issues       613,000,000                                                                                                                                                 406,000,000                              
Investment Warrants, Exercise Price (in Dollars per share)                                                                                                                                                             $ 14.93 $ 16.12                        
Bankruptcy Claims, Amount Paid to Settle Claims                                                                                                                                                                 94,000,000       15,000,000 635,000,000            
Stockholder's Percentage of Outstanding Common Stock Potentially Requiring Securities Offering (in Shares) 0.25                                                                                                                                                                 0.10                    
Minimum Aggregate Market Value of Potential Stock Issuance 75,000,000                                                                                                                                                                                      
Bankruptcy Claims, Amount of Claims Filed 2,800,000,000               244,000,000                                                                                                                                                                      
Pension and Other Postretirement Defined Benefit Plans, Liabilities, Noncurrent                                                                                                     156,000,000 [1] 178,000,000 [2]         411,000,000 [3] 506,000,000 734,000,000 745,000,000       1,500,000,000                                                        
Proceeds from Sale of Intangible Assets 650,000,000   530,000,000                                                                                         35,000,000                           525,000,000 325,000,000                                       125,000,000 200,000,000                
Bankruptcy Claims, Amount of Claims Settled 29,000,000                 70,000,000                                                                                                                                                                    
Litigation Settlement, Amount 18,000,000 49,000,000                                                                                 31,000,000 18,000,000                                                                                                
Environmental Expense and Liabilities                                                                                                 99,000,000 99,000,000                                                                                    
Percentage of Liability Above $99 Million   50.00%           50.00%                                                                                                                                                                        
Other Postretirement Benefits Payments           7,500,000                                                                                                                                                                            
Debtor Reorganization Items, Provision for Expected Allowed Claims         27,000,000                                                                                               33,000,000 19,000,000 133,000,000 138,000,000                                                                        
Maximum Percentage of Voting Shares Received by Previous Shareholders       50.00%                                                                                                                                                                                
      1,000,000,000                                                                                                               1,000,000,000                                                         875,000,000     1,400,000,000
Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Discount Rate       29.00%                                                                                                                                                                                
Short-term Debt, Fair Value       44,000,000                                                                                                                                                                                
Capital Lease Obligations       14,000,000                                                                                                                                                                                
Long-term Debt, Fair Value       676,000,000                                                                                                           606,000,000 692,000,000                                                                  
Long Term Debt Percentage of Par Value       97.00%                                                                                                                                                                                
Pension and Postretirement Expected Cash Contributions Discount Rate       3.50%                                                                                                                                                                                
Strike Price (in Dollars per share)                                       $ 14.93 $ 16.12                                                                                                                                              
Warrant Percentage                                       125.00% 135.00%                                                                                                                                              
Fair Value Assumptions, Expected Volatility Rate                                       47.00% 48.00%                                                                                                                                              
Fair Value Assumptions, Expected Dividend Rate       0.00%                                                                                                                                                                                
Fair Value Assumptions, Risk Free Interest Rate       1.67%                                                                                                                                                                                
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period       5 years                                                                                                                                                                                
Other Liabilities, Noncurrent       18,000,000                         38,000,000 19,000,000 4,000,000                                                               61,000,000 [1] 82,000,000 [4]         318,000,000 [3] 395,000,000 412,000,000 408,000,000                                                                
7,000,000                                                                                                   9,000,000                                                                                  
Deposit Liabilities, Accrued Interest 9,000,000                                                                                                                                                                                      
Accrued Professional Fees 80,000,000                                                                                                                                                                                      
Other Assets, Current                                                     (1,000,000) [5]                                                             92,000,000 47,000,000                                                                  
Cash Collateral for Borrowed Securities 15,000,000                                                                                                                                                                                      
Debt Issuance Cost 8,000,000                                                                                                                                                                                      
Deferred Debt Issuance Costs Write Off 5,000,000                                                                                                                                                                                      
Debt Instrument, Interest Rate, Stated Percentage                                                                                                                                                   9.75% 10.625%                                  
Deferred Equity Issuance Costs Write Off 3,000,000                                                                                                                                                                                      
Accounts Payable, Trade, Current                     6,000,000 [6] 317,000,000 [3] 339,000,000 3,000,000 13,000,000 [7] 13,000,000                                                                                   355,000,000 324,000,000                                                                  
Short-term Debt 4,000,000                                                                                                                                                                                      
Interest Paid 7,000,000                                                                                                                                                                                      
Administrative Fees Expense 10,000,000                                                                                                                                                                                      
Liabilities Subject to Compromise 9,000,000                                                                                                   (2,475,000,000) [1]           2,475,000,000 [3] 2,708,000,000                                                                    
Long-term Debt, Excluding Current Maturities 375,000,000                                                                                                     11,000,000           740,000,000 675,000,000                                                                  
Debt Instrument, Unamortized Discount                                                                                                                                                     5,000,000                                  
Proceeds from Issuance of Other Long-term Debt 669,000,000                                                                                                                                                                                      
Proceeds from Other Short-term Debt 4,000,000                                                                                                                                                                                      
Warrants Issued Value 24,000,000                                                                                                                                                                                      
Inventory, Net                                                                                                       67,000,000 [8] 435,000,000   435,000,000   435,000,000 [3] 420,000,000 469,000,000 502,000,000 502,000,000                                                              
Property, Plant and Equipment, Net                                                                                                       220,000,000 [9]         507,000,000 [3] 607,000,000 723,000,000 727,000,000                                                                
Goodwill                                                                                                       32,000,000 [10] 56,000,000   56,000,000   56,000,000 [3] 132,000,000 88,000,000 88,000,000                                                                
Intangible Assets, Net (Excluding Goodwill)                                                                                                       192,000,000 [11]         43,000,000 [3] 61,000,000 232,000,000 235,000,000                                                                
Intangible Assets Write Off 43,000,000                                                                                                                                                                                      
Finite-lived Intangible Assets, Fair Value Disclosure 235,000,000                                                                                                                                   131,000,000     39,000,000 9,000,000   2,000,000                                      
Indefinite-Lived Trade Names $ 54,000,000                                                                                                                                                                                      
Concentration Risk, Percentage                                                       0.00% 3.00% 1.00% 5.00% 16.00% 1.00% 40.00% 29.00% 29.00% 27.00% 34.00% 38.00% 32.00% 2.50% 20.00%                                                                                                    
Finite-Lived Intangible Asset, Useful Life             10 years                                                                                                                   8 years 8 years   9 years 10 years   6 years 6 years                             4 years 3 years   12 years 10 years  
[1] Liabilities subject to compromise were settled as follows in accordance with the Plan:
[2] Represents the revaluation of pension and other postretirement obligations. Refer to Note 16, Retirement Plans and Other Postretirement Benefits" for additional information.
[3] On the Effective Date, Kodak completed the sale of substantially all of its assets constituting the Personalized Imaging and Document Imaging businesses to KPP Holdco Limited. This transaction has been reflected in the Predecessor Company period. Refer to Note 24, "Discontinued Operations" for additional information.
[4] Represents the net decrease in tax assets and tax liabilities associated with adjustments for fresh start accounting.
[5] Represents the write-off of unamortized debt issuance costs of $1 million related to the Junior DIP Credit Agreement upon repayment in full of all outstanding term loans on the Effective Date. This amount has been included in Reorganization items, net in the Consolidated Statement of Operations.
[6] Represents $6 million in claims expected to be satisfied in cash that were reclassified from Liabilities subject to compromise.
[7] Represents $13 million in success fees accrued upon emergence that have been included in Reorganization items, net in the Consolidated Statement of Operations.
[8] An adjustment of $67 million was recorded to increase the net book value of inventories to their estimated fair value, which was determined as follows: Fair value of finished goods inventory were determined based on the estimated selling price less costs to sell including disposal and holding period costs, and a reasonable profit margin on the selling and disposal effort. Fair value of work-in-process was determined based on the estimated selling price once completed less total costs to complete the manufacturing effort, costs to sell including disposal and holding period costs, and a reasonable profit on the remaining manufacturing, selling and disposal effort. Fair value of raw materials was determined based on current replacement costs.The following table summarizes the components of inventory as of August 31, 2013, and the fair value at September 1, 2013:
[9] An adjustment of $220 million was recorded to increase the net book value of property, plant and equipment to estimated fair value. Fair value was determined as follows: The market, sales comparison or trended cost approach was utilized for land, buildings and building improvements. This approach relies upon recent sales, offerings of similar assets or a specific inflationary adjustment to original purchase price to arrive at a probable selling price. The cost approach was utilized for machinery and equipment. This approach considers the amount required to construct or purchase a new asset of equal utility at current prices, with adjustments in value for physical deterioration, and functional and economic obsolescence. Physical deterioration is an adjustment made in the cost approach to reflect the real operating age of an asset with regard to wear and tear, decay and deterioration that is not prevented by maintenance. Functional obsolescence is the loss in value or usefulness of an asset caused by inefficiencies or inadequacies of the asset, as compared to a more efficient or less costly replacement asset with newer technology. Economic obsolescence is the loss in value or usefulness of an asset due to factors external to the asset, such as the economics of the industry, reduced demand, increased competition or similar factors.The following table summarizes the components of property, plant and equipment, net as of August 31, 2013, and the fair value at September 1, 2013:
[10] This adjustment eliminated the Predecessor goodwill balance of $56 million and records Successor goodwill of $88 million, which represents the reorganizational value of assets in excess of amounts allocated to identified tangible and intangible assets, as follows:
[11] The net adjustment of $192 million reflects the write-off of existing intangibles of $43 million and an adjustment of $235 million to record the fair value of intangibles, determined as follows:a. Trade names of $54 million were valued using the income approach, specifically the relief from royalty method based on the following significant assumptions. i. Forecasted revenues attributable to the trade names ranging from September 1, 2013 to December 31, 2023, including a terminal year with growth rates ranging from 0% to 3%; ii. Royalty rates ranging from .5% to 1% of expected net sales determined with regard to comparable market transactions and profitability analysis ; iii. Discount rates ranging from 27% to 32%, which were based on the after-tax weighted-average cost of capital; and iv. Kodak anticipates using its trade name for an indefinite period. b. Technology based intangibles of $131 million were valued using the income approach, specifically the relief from royalty method based on the following significant assumptions: i. Forecasted revenues attributable to the respective technologies for the period ranging from September 1, 2013 to December 31, 2025; ii. Royalty rates ranging from 1% to 16% determined with regard to comparable market transactions and cash flows of the respective technologies; iii. Discount rates ranging from 29% to 34%, based on the after-tax weighted-average cost of capital; and iv. Economic lives ranging from 4 to 12 years. c. Customer related intangibles of $39 million were valued using the income approach, specifically the multi-period excess earnings approach based on the following significant assumptions: i. Forecasted revenues and profit margins attributable to the current customer base for the period ranging from September 1, 2013 to December 31, 2024; ii. Attrition rates ranging from 2.5% to 20%; iii. Discount rates ranging from 29% to 38%, based on the after-tax weighted-average cost of capital; and iv. Economic lives ranging from 3 to 10 years. d. In-process research and development of $9 million was determined using the income approach, specifically the multi-period excess earnings method based on the following significant assumptions: i. Forecasted revenues attributable to the respective research and development projects for the period of September 1, 2013 to December 31, 2019; ii. Discount rate of 40% based on the after-tax weighted-average cost of capital adjusted for perceived risks inherent in the individual assets; and iii. Economic life of 6 years. e. In addition, the Company recorded the fair value of other intangibles of $2 million primarily related to favorable contracts and leasehold improvements that were favorable relative to available market terms.