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Note 25 - Fresh Start Accounting (Tables)

12 Months Ended

Dec. 31, 2015

Note 25 - Fresh Start Accounting (Tables) [Line Items]

Reconciliation of Enterprise Value to Estimated Fair Value [Table Text Block]

(in millions, except share and per share value)

Enterprise value		$	1,000
Plus: Cash and cash equivalents			898
Less: Other non-operating liabilities			18
Less: Fair value of debt and capitalized lease obligations			734
Less: Fair value of pension and other postretirement obligations			533
Less: Fair value of warrants			24
Fair value of Successor common stock		$	589

Shares outstanding at September 3, 2013			41,753,211
Per share value		$	14.11

Reconciliation of Enterprise Value to Estimated Reorganization Value [Table Text Block]

(in millions)

Enterprise value		$	1,000
Plus: Cash and cash equivalents			898
Plus: Fair value of noncontrolling interests			10
Plus: Fair value of non-debt liabilities			2,088
Less: Fair value of pension and other postretirement obligations			533
Reorganization value of Successor assets		$	3,463

Schedule of Cash Payments for Reorganization Adjustments [Table Text Block]

(in millions)

Sources:

Net proceeds from Emergence Credit Facilities		$	664
Proceeds from Rights Offerings			406
Total sources						$	1,070
Uses:
Repayment of Junior DIP Term Loans		$	644
Repayment of Second Lien Notes			375
Claims paid at emergence			94
Funding of escrow accounts			113
Other fees and expenses			16
Total uses							1,242
Net uses						$	(172	)

Reorganization Liabilities Subject to Compromise [Table Text Block]

(in millions)

Liabilities subject to compromise of the Predecessor Company (LSTC)						$	2,475
Cash payments at emergence from LSTC							(84	)
Claims expected to be satisfied in cash							(35	)
Liabilities reinstated at emergence:
Pension and other postretirement liabilities			(156	)
Environmental obligations			(61	)
Other current liabilities			(9	)
Total liabilities reinstated at emergence							(226	)
Fair value of equity issued to unsecured creditors							(85	)
Fair value of warrants issued to unsecured creditors							(24	)
Gain on settlement of liabilities subject to compromise						$	2,021

Schedule of Cumulative Impact of Reorganization Adjustments [Table Text Block]

(in millions)

Gain on settlement of liabilities subject to compromise		$	2,021
Fair value of shares issued to Backstop Parties and employees			(25	)
Write-off of unamortized debt discounts and debt issuance costs			(14	)
Success fees accrued at emergence			(13	)
Emergence and success fees paid at emergence			(9	)
Write-off of deferred equity issuance costs			(3	)
Net gain on reoganization adjustments			1,957
Cancellation of Predecessor Company equity			(3,628	)
Net impact to Retained earnings (deficit)		$	(1,671	)

Schedule of Inventory, Current [Table Text Block]

		As of December 31,
(in millions)		2015				2014
Finished goods		$	177			$	204
Work in process			65				73
Raw materials			72				72
Total		$	314			$	349

Property, Plant and Equipment [Table Text Block]

		As of December 31,
(in millions)		2015				2014
Land		$	74			$	100
Buildings and building improvements			171				176
Machinery and equipment			483				432
Construction in progress			28				47
			756				755
Accumulated depreciation			(330	)			(231	)
Property, plant and equipment, net		$	426			$	524

Schedule of Goodwill [Table Text Block]

(in millions)		Print Systems				Micro 3D Printing and Packaging				Software and Solutions				Consumer and Film				Intellectual Property Solutions				Consolidated Total
Balance as of December 31, 2013:		$	51			$	24			$	6			$	6			$	1			$	88
Fresh start accounting adjustment			5				2				—				—				1				8
Balance as of December 31, 2014:		$	56			$	26			$	6			$	6			$	2			$	96
Impairment			—				(6	)			—				—				(2	)			(8	)
Balance as of December 31, 2015:		$	56			$	20			$	6			$	6			$	—			$	88

Cumulative Impact of Fresh Start Adjustments [Table Text Block]

(in millions)

Establishment of Successor goodwill		$	88
Elimination of Predecessor goodwill			(56	)
Establishment of Successor intangibles			235
Elimination of Predecessor intangibles			(43	)
Inventory fair value adjustment			67
Property, plant & equipment fair value adjustment			220
Pension and other postretirement obligations fair value adjustment			(178	)
Rights offering fair value adjustment			(73	)
Long-term debt fair value adjustment			(11	)
Other assets and liabilities fair value adjustments			53
Net gain on fresh start adjustments			302
Tax impact on fresh start adjustments			(69	)
Elimination of Predecessor accumulated other comprehensive loss			(1,008	)
Net impact on Retained earnings (deficit)		$	(775	)

Reorganization and Fresh Start Adjustments [Member]

Note 25 - Fresh Start Accounting (Tables) [Line Items]

Condensed Balance Sheet [Table Text Block]

(in millions)		Predecessor Company (a)				Reorganization Adjustments					Fresh Start Adjustments					Successor Company
ASSETS
Current Assets
Cash and cash equivalents		$	1,070			$	(172	)	⁽¹⁾		$	—				$	898
Restricted cash			24				98		⁽²⁾			—					122
Receivables, net			492				—					—					492
Inventories, net			435				—					67		⁽²¹⁾			502
Assets held for sale			109				—					8		⁽²²⁾			117
Other current assets			77				8		⁽³⁾			(42	)	⁽²³⁾			42
							(1	)	⁽⁴⁾
Total current assets			2,207				(67	)				33					2,173
Property, plant & equipment, net			507				—					220		⁽²⁴⁾			727
Goodwill			56				—					32		⁽²⁵⁾			88
Intangible assets, net			43				—					192		⁽²⁶⁾			235
Deferred income taxes			22				(21	)	⁽³⁾			55		⁽²³⁾			56
Other long-term assets			202				15		⁽⁵⁾			(26	)	⁽²⁷⁾			184
							8		⁽⁶⁾			(8	)	⁽²⁸⁾
							(8	)	⁽⁷⁾			1		⁽²⁹⁾
TOTAL ASSETS		$	3,037			$	(73	)			$	499				$	3,463

LIABILITIES AND EQUITY (DEFICIT)
Current Liabilities
Accounts payable, trade		$	317			$	6		⁽⁸⁾		$	—				$	339
							3		⁽⁹⁾
							13		⁽¹⁰⁾
Short-term borrowings and current portion of long-term debt			681				(641	)	⁽¹¹⁾			—					44
							4		⁽¹²⁾
Other current liabilities			600				(17	)	⁽¹³⁾			(8	)	⁽³⁰⁾			586
							(13	)	⁽³⁾			(14	)	⁽²⁹⁾
							38		⁽¹⁴⁾
Liabilities held for sale			45				—					(3	)	⁽²²⁾			42
Total current liabilities			1,643				(607	)				(25	)				1,011
Long-term debt, net of current portion			370				(370	)	⁽¹⁵⁾			11		⁽³¹⁾			676
							665		⁽¹⁶⁾
Pension and other postretirement liabilities			411				156		⁽¹⁷⁾			178		⁽²⁹⁾			745
Other long-term liabilities			318				61		⁽¹⁷⁾			82		⁽²³⁾			408
												(53	)	⁽³²⁾
Liabilities subject to compromise			2,475				(2,475	)	⁽¹⁷⁾			—					—
Total liabilities			5,217				(2,570	)				193					2,840

Equity (Deficit)
Common stock (Successor)			—				—		⁽¹⁸⁾			—					—
Additional paid in capital (Successor)			—				540		⁽¹⁸⁾			73		⁽³³⁾			613
Common stock (Predecessor)			978				(978	)	⁽¹⁹⁾			—					—
Additional paid in capital (Predecessor)			1,105				(1,105	)	⁽¹⁹⁾			—					—
Retained earnings (deficit)			2,446				(1,671	)	⁽²⁰⁾			(775	)	⁽³⁴⁾			—
Accumulated other comprehensive loss			(1,008	)			—					1,008		⁽³⁴⁾			—
			3,521				(3,214	)				306					613
Less: Treasury stock (Predecessor)			(5,711	)			5,711		⁽¹⁹⁾			—					—
Total Eastman Kodak Company shareholders’ (deficit) equity			(2,190	)			2,497					306					613
Noncontrolling interests			10				—					—					10
Total equity (deficit)			(2,180	)			2,497					306					623
TOTAL LIABILITIES AND EQUITY (DEFICIT)		$	3,037			$	(73	)			$	499				$	3,463

Schedule of Goodwill [Table Text Block]

(in millions)		Successor As of September 1, 2013
Reorganization value of Successor assets		$	3,463
Less: Fair value of Successor assets (excluding goodwill)			3,375
Reorganization value of Successor assets in excess of fair value - Successor goodwill		$	88

As of August 31 2013 and Fair Value at September 1, 2013 [Member]

Note 25 - Fresh Start Accounting (Tables) [Line Items]

Schedule of Inventory, Current [Table Text Block]

(in millions)		Successor As of September 1, 2013				Predecessor As of August 31, 2013

Finished goods		$	280			$	235
Work in process			120				99
Raw materials			102				101
Total		$	502			$	435

Property, Plant and Equipment [Table Text Block]

(in millions)		Successor As of September 1, 2013				Predecessor As of August 31, 2013
Land		$	114			$	35
Buildings and building improvements			180				189
Machinery and equipment			402				252
Construction in progress			31				31
Total		$	727			$	507