8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): August 9, 2016

Eastman Kodak Company

(Exact name of registrant as specified in its charter)

New Jersey	1-87	16-0417150
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

343 State Street,

Rochester, New York 14650

(Address of Principal Executive Office) (Zip Code)

Registrant’s telephone number, including area code: (585) 724-4000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events.

In its Annual Report on Form 10-K for the year ended December 31, 2015 (the “2015 Form 10-K”), Eastman Kodak Company (the “Company” or “Kodak”) disclosed that it was in talks with prospective buyers about offers to purchase its Prosper enterprise inkjet printing business (the “Prosper Business”). In the Company’s Form 10-Q for the quarter ended March 31, 2016 filed with the Securities and Exchange Commission (“SEC”) on May 5, 2016 (the “First Quarter 2016 Form 10-Q”), the Company disclosed that it expects to sell the Prosper Business and that the Prosper Business was reclassified as held for sale and presented the results of operations of the Proper Business as a discontinued operation. Kodak is filing this Current Report on Form 8-K (together with the exhibits hereto, this “Form 8-K”) to update the presentation of certain financial information and related disclosures contained in the 2015 Form 10-K to reflect the Prosper Business as a discontinued operation. This Form 8-K also reflects the presentation of the first quarter of 2016 change in segment measure of profit and loss. Capitalized terms that are used in an exhibit but not defined in such exhibit have the respective meanings given to such terms in one or more of the other exhibits.

This Form 8-K retrospectively revises the Company’s consolidated financial statements as of December 31, 2015 and 2014, for the years ended December 31, 2015 and 2014, the four months ended December 31, 2013 and the eight months ended August 31, 2013, to reflect the Prosper Business as a discontinued operation and the change in segment measure of profit and loss. This update is consistent with the presentation of continuing and discontinued operations included in the First Quarter 2016 Form 10-Q. The retrospectively revised Items contained in the 2015 Form 10-K are presented in Exhibits 99.1, 99.2, 99.3, 99.4 and 99.5 to this Form 8-K.

The exhibits to this Form 8-K supersede the following items in and exhibit to the 2015 Form 10-K to reflect, retrospectively, the changes resulting from the reclassification of the Prosper Business as discontinued operations for all periods presented:

¨ Part I, Item 1. Description of Business

¨ Part II, Item 6. Selected Financial Data

¨ Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations

¨ Part II, Item 8. Financial Statements and Supplementary Data

¨ Part IV, Item 15. Exhibits, Financial Statement Schedules

¨ Exhibit 12.1 Computation of Ratio of Earnings to Fixed Charges

All other information in the 2015 Form 10-K remains unchanged. This Form 8-K does not reflect events occurring subsequent to the filing of the 2015 Form 10-K and does not modify or update the disclosures therein in any way, other than as required to reflect the Prosper Business as discontinued operations and the change in segment measure of profit and loss as described above and as set forth in the exhibits attached hereto. Without limitation to the foregoing, this Form 8-K does not purport to update the Management’s Discussion and Analysis of Financial Condition and Results of Operations for any information, uncertainties, risks, events or trends occurring or known to management other than the reclassification of the Prosper Business as discontinued operations and the change in segment measure. For developments since the filing of the 2015 Form 10-K, please refer to the First Quarter 2016 Form 10-Q, the Company’s Form 10-Q for the quarter ended June 30, 2016, filed with the SEC on August 9, 2016 (the “Second Quarter 2016 Form 10-Q”), as well as other filings of the Company made with the SEC including the Company’s other Current Reports on Form 8-K. The information in this Form 8-K should be read in conjunction with the 2015 Form 10-K and such subsequent filings.

Item 9.01 Financial Statement and Exhibits.

(d) Exhibits.

Exhibit Number	Description
12.1	Revised Computation of Ratio of Earnings to Fixed Charges
23.1	Consent of PricewaterhouseCoopers LLP
99.1	Part I, Item 1. Revised Description of Business
99.2	Part II, Item 6. Revised Selected Financial Data
99.3	Part II, Item 7. Revised Management’s Discussion and Analysis of Financial Condition and Results of Operations
99.4	Part II, Item 8. Revised Financial Statements and Supplementary Data
99.5	Part IV, Item 15. Revised Exhibits, Financial Statement Schedules
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema
101.CAL	XBRL Taxonomy Extension Calculation Linkbase
101.DEF	XBRL Taxonomy Extension Definition Linkbase
101.LAB	XBRL Taxonomy Extension Label Linkbase
101.PRE	XBRL Taxonomy Extension Presentation Linkbase

Cautionary Statement Regarding Forward-Looking Statements

This Form 8-K includes “forward–looking statements” as that term is defined under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning Kodak’s plans, objectives, goals, strategies, future events, future revenue or performance, capital expenditures, liquidity, investments, financing needs, business trends, and other information that is not historical information. When used in this Form 8-K, the words “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” “predicts,” “forecasts,” “strategy,” “continues,” “goals,” “targets” or future or conditional verbs, such as “will,” “should,” “could,” or “may,” and variations of such words or similar expressions, as well as statements that do not relate strictly to historical or current facts, are intended to identify forward–looking statements. All forward-looking statements, including, without limitation, management’s examination of historical operating trends and data, are based upon Kodak’s expectations and various assumptions. Future events or results may differ from those anticipated or expressed in the forward-looking statements. Important factors that could cause actual events or results to differ materially from the forward-looking statements include, among others, the risks, uncertainties and other factors described herein, in the 2015 Form 10-K under the headings “Business,” “Risk Factors,” “Legal Proceedings” and/or “Management’s Discussion and Analysis of Financial Condition and Results of Operations–Liquidity and Capital Resources”, in the corresponding sections of the First Quarter 2016 Form 10-Q and the Second Quarter 2016 Form 10-Q, and in other filings Kodak makes with the SEC from time to time, as well as the following:

• Kodak’s ability to comply with the covenants in its credit agreements;

• Kodak’s ability to improve and sustain its operating structure, cash flow, profitability and other financial results;

• the ability of Kodak to achieve cash forecasts, financial projections, and projected growth;

• Kodak’s ability to achieve the financial and operational results contained in its business plans;

• Kodak’s ability to fund continued investments, capital needs and restructuring payments and service its debt;

• Kodak’s ability to discontinue, sell or spin-off certain businesses or operations, including the Prosper Business, or otherwise monetize assets;

• changes in foreign currency exchange rates, commodity prices and interest rates;

• Kodak’s ability to effectively anticipate technology trends and develop and market new products, solutions and technologies, including its micro 3D printing of touch sensors;

• Kodak’s ability to effectively compete with large, well-financed industry participants;

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• continued sufficient availability of borrowings and letters of credit under Kodak’s revolving credit facility, Kodak’s ability to obtain additional financing if and as needed and Kodak’s ability to provide or facilitate financing for its customers;

• Kodak’s ability to attract and retain key executives, managers and employees;

• the performance by third parties of their obligations to supply products, components or services to Kodak; and

• the impact of the global economic environment on Kodak.

There may be other factors that may cause Kodak’s actual results to differ materially from the forward-looking statements. All forward-looking statements attributable to Kodak or persons acting on its behalf apply only as of the date of this Form 8-K or, with respect to any forward-looking statements included in the 2015 Form 10-K, as of the date thereof and are expressly qualified in their entirety by the cautionary statements included or referenced in this Form 8-K. Kodak undertakes no obligation to update or revise forward-looking statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

EASTMAN KODAK COMPANY
By:	/s/Eric Samuels
Name:	Eric Samuels
Title:	Chief Accounting Officer and Corporate Controller

Date: August 9, 2016

EXHIBIT INDEX

Exhibit Number	Description
12.1	Revised Computation of Ratio of Earnings to Fixed Charges
23.1	Consent of PricewaterhouseCoopers LLP
99.1	Part I, Item 1. Description of Business
99.2	Part II, Item 6. Selected Financial Data
99.3	Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
99.4	Part II, Item 8. Financial Statements and Supplementary Data
99.5	Part IV, Item 15. Exhibits, Financial Statement Schedules
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema
101.CAL	XBRL Taxonomy Extension Calculation Linkbase
101.DEF	XBRL Taxonomy Extension Definition Linkbase
101.LAB	XBRL Taxonomy Extension Label Linkbase
101.PRE	XBRL Taxonomy Extension Presentation Linkbase

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EX-12.1

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	Years Ended December 31,					Four Months Ended December 31,			Eight Months Ended August 31,		Years Ended December 31,
(in millions)	2015		2014			2013			2013		2012			2011
Earnings (loss) from continuing operations before income taxes	$	2	$	(49	)	$	(55	)	$	2,406	$	(1,610	)	$	(757	)
Adjustments:
Interest expense		63		62			22			106		139			138
Interest component of rental expense (1)		10		13			5			12		20			25
Amortization of capitalized interest		—		—			—			—		2			2
Earnings available for fixed charges	$	75	$	26		$	(28	)	$	2,524	$	(1,449	)	$	(592	)
Fixed charges:
Interest expense		63		62			22			106		139			138
Interest component of rental expense (1)		10		13			5			12		20			25
Capitalized interest		2		3			—			—		1			1
Total fixed charges	$	75	$	78		$	27		$	118	$	160		$	164
Ratio of earnings to fixed charges		1.0		*			**			21.4		* * *			* * * *

⁽¹⁾  Interest component of rental expense is estimated to equal 1/3 of such expense, which is considered a reasonable approximation of the interest factor.

* Earnings for the year ended December 31, 2014 were inadequate to cover fixed charges. The coverage deficiency was $52 million.

** Earnings for the four months ended December 31, 2013 were inadequate to cover fixed charges. The coverage deficiency was $55 million.

* * * Earnings for the year ended December 31, 2012 were inadequate to cover fixed charges. The coverage deficiency was $1,609 million.

* * * * Earnings for the year ended December 31, 2011 were inadequate to cover fixed charges. The coverage deficiency was $756 million.

EX-23.1

Exhibit 23.1

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in this Registration Statement on Form S-3 (No. 333-190957 and No. 333-43524) of our report dated March 15, 2016 except with respect to our opinion on the consolidated financial statements insofar as it relates to the discontinued operations and assets held for sale related to the Kodak Prosper Business described in Note 27, which is as of August 9, 2016 relating to the financial statements, financial statement schedule and the effectiveness of internal control over financial reporting, which appears in Eastman Kodak Company’s (Successor) Current Report on Form 8-K dated August 9, 2016. We also consent to the references to us under the headings “Experts” in such Registration Statement.

/s/ PricewaterhouseCoopers LLP

Rochester, New York

August 9, 2016

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in this Registration Statement on Form S-3 (No. 333-190957 and No. 333-43524) of our report dated March 19, 2014 except with respect to our opinion on the consolidated financial statements insofar as it relates to the discontinued operations and assets held for sale related to the Kodak Prosper Business described in Note 27, which is as of August 9, 2016 relating to the financial statements, financial statement schedule and the effectiveness of internal control over financial reporting, which appears in Eastman Kodak Company’s (Predecessor) Current Report on Form 8-K dated August 9, 2016. We also consent to the references to us under the headings “Experts” in such Registration Statement.

/s/ PricewaterhouseCoopers LLP

Rochester, New York

August 9, 2016

EX-99.1

Exhibit 99.1

PART I

ITEM 1. BUSINESS

When used in this document, unless otherwise indicated by the context, “we,” “our,” “us,” and “Kodak” refer to the consolidated company on the basis of consolidation described in Note 1 to the consolidated financial statements in the “Financial Statements and Supplementary Data” filed as Exhibit 99.4 to the Current Report on Form 8-K to which this document is an exhibit (the “Financial Statements”). Also, unless otherwise indicated by the context, “EKC” means the parent company, Eastman Kodak Company (the “Company”).

Kodak provides directly and through partnerships with other innovative companies hardware, software, consumables and services to customers in graphic arts, commercial print, publishing, packaging, electronic displays, entertainment and commercial films, and consumer products markets. With its world-class R&D capabilities, innovative solutions portfolio and highly trusted brand, Kodak is helping customers around the globe to sustainably grow their own businesses and enjoy their lives.

Kodak is a global commercial printing and imaging company with proprietary technologies in materials science, digital imaging science and software, and deposition processes (methods whereby one or more layers of various materials in gaseous, liquid or small particle form are deposited on a substrate in precise quantities and positions). Kodak leverages its core technology products and services to develop solutions for the product goods packaging and graphic communications markets, and is commercializing products for the functional printing market. Kodak also offers brand licensing and intellectual property opportunities, provides products and services for motion pictures and other commercial films, and sells ink to its existing installed consumer inkjet printer base.

The Company was founded by George Eastman in 1880 and incorporated in 1901 in the State of New Jersey. Kodak is headquartered in Rochester, New York.

EMERGENCE FROM VOLUNTARY REORGANIZATION UNDER CHAPTER 11 PROCEEDINGS

On January 19, 2012 (the “Petition Date”), the Company and its U.S. subsidiaries (collectively, the “Debtors”) filed voluntary petitions for relief (the “Bankruptcy Filing”) under chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”). The cases (the “Chapter 11 Cases”) were jointly administered as Case No. 12-10202 (ALG) under the caption “In re Eastman Kodak Company.” The Debtors operated their businesses as “debtors-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of chapter 11 of the Bankruptcy Code and the orders of the Bankruptcy Court until their emergence from bankruptcy. The Company’s foreign subsidiaries were not part of the Chapter 11 Cases, and continued to operate in the ordinary course of business.

On August 23, 2013, the Bankruptcy Court entered an order (the “Confirmation Order”) confirming the revised First Amended Joint Chapter 11 Plan of Reorganization of Eastman Kodak Company and its Debtor Affiliates (the “Plan”). On September 3, 2013 (the “Effective Date”), the Plan became effective and the Debtors emerged from chapter 11 protection.

Upon emergence from chapter 11, Kodak applied the provisions of fresh start accounting to its financial statements as of September 1, 2013. The adoption of fresh start accounting resulted in Kodak becoming a new entity for financial reporting purposes. Accordingly, the consolidated financial statements on or after September 1, 2013 are not comparable to the consolidated financial statements prior to that date. References to “Successor” or “Successor Company” relate to the reorganized Kodak subsequent to the Effective Date. References to “Predecessor” or “Predecessor Company” relate to Kodak prior to the Effective Date.

REPORTABLE SEGMENTS

Kodak has seven reportable segments: Print Systems, Enterprise Inkjet Systems, Micro 3D Printing and Packaging, Software and Solutions, Consumer and Film, Intellectual Property Solutions and Eastman Business Park. The balance of Kodak’s continuing operations, which do not meet the criteria of a reportable segment, are reported in All Other which is composed of Kodak’s consumer film business in countries where that business had not yet transferred ownership to the KPP Purchasing Parties (as defined in Note 24, “Emergence from Voluntary Reorganization under Chapter 11 Proceedings”) and the RED utilities variable interest entity.

Kodak’s sales and earnings by reportable segment for each of the past three years are shown in Note 23, “Segment Information,” in the Notes to Financial Statements.

Print Systems

The Print Systems segment is comprised of Prepress Solutions, which includes Kodak’s digital offset plate offerings and computer-to-plate imaging solutions, and Electrophotographic Printing Solutions, which offers high-quality digital printing solutions using electrically charged toner based technology. The Print Systems 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 and packaging. While the businesses in this segment are experiencing pricing pressure, continued innovations in Kodak product lines that can command premium prices offset some of the long term market price erosion.

Prepress Solutions capitalizes on a contract-based, stable and recurring cash flow-generative business model. The average duration of customer contracts is two to three years. These contracts offer stability and generate recurring revenue. The core of the business is the manufacturing of aluminum digital printing plates of varying sizes. These plates can be as small as 23cm x 27cm and as large as 126cm x 287cm. Unexposed plates are sold to commercial printing companies for use in the offset printing process. Kodak also manufactures equipment, known as Computer to Plate (“CTP”) equipment, which images the plates with a laser. The plates are used in the offset printing process, which transfers ink from the plate onto a rubber blanket and then onto the substrate to be printed. Due to the nature of the imaging and printing process, a new plate must be used for each printing run. As a result, there is a recurring revenue stream from the sale of these plates.

The Print Systems products and services are sold globally to customers through both a direct sales team as well as indirectly through dealers. Its primary competitors are Fuji and Agfa. Kodak expects to benefit from current industry trends, including customers’ increasing focus on sustainability initiatives, which strengthens demand for Kodak’s process-free solutions.

• Prepress Solutions:

• Digital offset plates, including KODAK SONORA Process Free Plates. KODAK SONORA Process Free Plates are prepared directly with a CTP thermal output device and do not require subsequent processing chemistry, processing equipment or chemical disposal. As a result, the plates deliver cost savings and efficiency for customers and promote environmental sustainability practices.

• CTP output devices that are used by customers to transfer images onto aluminum offset printing plates and provide consistent and high quality imaging for offset press applications. CTP products provide high resolution, consistency and stability in thermal imaging. Kodak also offers a lower cost CTP system using TH5 imaging technology, which provides a highly efficient and cost-effective imaging solution at a lower price point.

• Net sales for Prepress Solutions accounted for 54%, 51%, 51% and 46% of total net revenue for the years ended December 31, 2015 and December 31, 2014, the four months ended December 31, 2013 and the eight months ended August 31, 2013, respectively.

• Electrophotographic Printing Solutions:

• NEXPRESS printers produce high-quality, differentiated printing of short-run, personalized print applications, such as direct mail, books, marketing collateral and photo products.

• DIGIMASTER printers use monochrome electrophotographic printing technology for transactional printing, short-run books, corporate documentation, manuals and direct mail.

• Net sales for Electrophotographic Printing Solutions accounted for 11%, 10%, 11% and 10% of total net revenue for the years ended December 31, 2015 and December 31, 2014, the four months ended December 31, 2013 and the eight months ended August 31, 2013, respectively.

The Print Systems segment also provides service and support related to these products.

Micro 3D Printing and Packaging

The Micro 3D Printing and Packaging segment includes flexographic printing equipment and plates and related consumables and services, as well as printed functional materials and components. Micro 3D Printing is a new line of business that seeks to provide innovative printing techniques to customers for both premium marketing applications and manufacturing applications. Because Micro 3D Printing is a new line of business, the Micro 3D Printing and Packaging segment currently requires a higher degree of investment and has a lower contribution to earnings than other segments. Micro 3D Printing and Packaging products are sold directly by Kodak and indirectly through dealers.

• Micro 3D Printing

• The Micro 3D Printing products offer many advantages over traditionally manufactured products, including lower cost points and reduced adverse environmental impact. Traditionally manufactured products require higher material costs, additional manufacturing steps, and, for the most widely used technology, the mining of a rare metal. Within Micro 3D printing, Kodak has been developing solutions in two touch screen technologies–silver metal mesh and copper mesh. Kodak will exit its position in silver metal mesh development and has decided to focus its development of touch sensors on copper mesh technology, progressing with competitive cost and feature sets. Kodak is working with lead customers in large format and industrial markets to achieve market introduction in 2016.

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• Packaging

• The Packaging business consists of flexographic printing equipment and related consumables and services, which enable graphic customization of a wide variety of packaging materials. The flagship FLEXCEL NX system provides imaging devices to deliver high productivity and consistency, as well as a full tonal range for flexographic printing. The new FLEXCEL Direct System is a next generation platform that significantly reduces the steps needed to produce flexographic plates.

Software and Solutions

The Software and Solutions segment is comprised of Kodak Technology Solutions, which includes enterprise services and solutions, and Unified Workflow Solutions. Unified Workflow Solutions is an established product line whereas Kodak Technology Solutions includes growing product lines that leverage existing Kodak technologies and intellectual property in new applications. These business initiatives generally do not require substantial additional investment and it is expected that they will grow in contribution to earnings.

The Software and Solutions segment offers a leading suite of solutions for print production workflow, including the PRINERGY workflow production software, by providing customer value through automation, web integration and integration with other Kodak systems and third-party offerings. Kodak believes it is a leader in production workflow solutions for the commercial print and packaging industries with over 13,000 systems installed in some of the largest printing and packaging establishments around the world. Production workflow software is used by customers to manage digital and conventional print content from file creation to output. Production workflow software manages content and color, reduces manual errors and helps customers manage the collaborative creative process.

The Software and Solutions segment also assists organizations with challenges and opportunities created by the worldwide digital transformation. It provides print and managed media services that assist customers with solutions for their printing requirements, including services to help brand owners combat counterfeiters and diverters; and document management services, including expertise in the capture, archiving, retrieval and delivery of documents. Software and Solutions serves enterprise customers in numerous sectors, including governments, pharmaceuticals and life sciences, consumer and luxury product goods and retail and financial services.

Consumer and Film

The Consumer and Film segment is comprised of three lines of business: Motion Picture, Industrial Chemicals and Films; Consumer Inkjet Solutions; and Consumer Products. Kodak views the Consumer and Film segment as a declining/mature group of businesses.

• Motion Picture, Industrial Chemicals and Films:

• Includes the motion picture film business serving the entertainment and advertising industries. Motion picture products are sold directly to studios, laboratories and independent filmmakers. Sales of motion picture film have declined significantly in recent years. In view of this decline, in January 2015 Kodak finalized film supply agreements with major Hollywood studios. The industry has shown support for a plan to extend film’s future, which enables Kodak to maintain production of film for the entertainment industry.

• Offers industrial films, including films used by the electronics industry to produce printed circuit boards.

• The business also includes related component businesses: Polyester Film; Solvent Recovery; and Specialty Chemicals, Inks and Dispersions.

• Net sales for Motion Picture, Industrial Chemicals and Films accounted for 11%, 11%, 11% and 13% of total net revenue for the years ended December 31, 2015 and December 31, 2014, the four months ended December 31, 2013 and the eight months ended August 31, 2013, respectively.

• Consumer Inkjet Solutions:

• Involves the sale of ink to an existing installed base of consumer inkjet printers

• Consumer Products:

• Includes licensing of Kodak brands to third parties and consumer products. Kodak currently licenses its brand for use with a range of consumer products including batteries, cameras and camera accessories and recordable media. Kodak intends to continue efforts to grow its portfolio of consumer product licenses in order to generate both ongoing royalty streams and upfront payments.

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Enterprise Inkjet Systems

The Enterprise Inkjet Systems segment contains a base of customers which use KODAK VERSAMARK printing systems, comprised of inkjet printing heads, inks, head refurbishment services as well as on-site maintenance service from Kodak. Applications of the VERSAMARK printing systems include publishing, transactional, commercial print and direct mail.

Intellectual Property Solutions

The Intellectual Property Solutions segment contains the research laboratories and includes licensing as well as new business development activities related to Kodak’s patents and proprietary technology. Through this segment Kodak conducts research and files patent applications with fundamental inventions from the Kodak Research Laboratories. Additionally, Kodak continues to file significant numbers of new patent applications in areas aligned with its core businesses. Via these core business patent applications along with the research inventions, Kodak maintains a large worldwide portfolio of pending applications and issued patents. Kodak actively seeks opportunities to leverage its patents and associated technology in licensing and/or cross-licensing deals to support both revenue growth and its ongoing businesses. While revenues from these licensing activities tend to be unpredictable in nature, this segment still carries potential for material revenue generation. The Intellectual Property Solutions segment also actively pursues additional revenues via new business development through commercialization partnerships and grants or external investment in commercialization of new technologies and products.

Eastman Business Park

The Eastman Business Park segment includes the operations of the Eastman Business Park, a more than 1,200 acre technology center and industrial complex in Rochester, New York and the leasing activities related to that space. A large portion of this facility is used in Kodak’s own manufacturing and other operations, while the remaining portion is occupied by external tenants or available for rent to external tenants.

DISCONTINUED OPERATIONS

Discontinued operations of Kodak include the PROSPER Enterprise Inkjet business, the Personalized Imaging and Document Imaging businesses as well as other miscellaneous businesses. Refer to Note 27, “Discontinued Operations” in the Notes to Financial Statements for additional information.

FINANCIAL INFORMATION BY GEOGRAPHIC AREA

Financial information by geographic area for the past three years is shown in Note 23, “Segment Information,” in the Notes to Financial Statements.

RAW MATERIALS

The raw materials used by Kodak are many and varied, and are generally readily available. Lithographic aluminum is the primary material used in the manufacture of offset printing plates. Kodak procures lithographic aluminum coils from several suppliers with pricing based, in part, on either prevailing market prices for aluminum or on fixed prices for aluminum agreed to up to two years prior. Electronic components are used in the manufacturing of commercial printers and other electronic devices. Although most electronic components are generally available from multiple sources, certain key electronic components included in the finished goods manufactured by and purchased from Kodak’s third party suppliers are obtained from single or limited sources, which may subject Kodak to supply risks.

SEASONALITY OF BUSINESS

Equipment and plate sales generally are higher in the fourth quarter, resulting from customer or industry budgeting practices and buying patterns.

RESEARCH AND DEVELOPMENT

Through the years, Kodak has engaged in extensive and productive efforts in research and development.

Research and development is headquartered in Rochester, New York. Other U.S. groups are located in Stamford, Connecticut; Dayton, Ohio; Oakdale, Minnesota; and Columbus, Georgia. Outside the U.S., groups are located in Canada, England, Israel, Germany, Japan and China. These groups work in close cooperation with manufacturing units and marketing organizations to develop new products and applications to serve both existing and new markets.

Kodak’s general practice is to protect its investment in research and development and its freedom to use its inventions by obtaining patents. The ownership of these patents contributes to Kodak’s ability to provide industry-leading products. Kodak holds portfolios of patents in several areas important to its business, including the specific technologies previously discussed, such as flexographic and lithographic printing plates and related

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equipment systems; digital printing workflow and color management proofing systems; color and black-and-white electrophotographic printing systems including key press components and toners; commercial inkjet writing systems and components, presses and inks; consumer inkjet inks and media; functional printing materials, formulations, and deposition modalities; security materials; embedded information; and color negative films, processing and print films. Each of these areas is important to existing and emerging business opportunities that bear directly on Kodak’s overall business performance.

Kodak’s major products are not dependent upon one single, material patent. Rather, the technologies that underlie Kodak’s products are supported by an aggregation of patents having various remaining lives and expiration dates. There is no individual patent, or group of patents, whose expiration is expected to have a material impact on Kodak’s results of operations.

Research and development expenses totaled $44 million in 2015, $64 million in 2014, $21 million in the four months ended December 31, 2013 and $44 million in the eight months ended August 31, 2013.

ENVIRONMENTAL PROTECTION

Kodak is subject to various laws and governmental regulations concerning environmental matters. The U.S. federal environmental legislation and state regulatory programs having an impact on Kodak include the Toxic Substances Control Act, the Resource Conservation and Recovery Act, the Clean Air Act, the Clean Water Act, the NY State Chemical Bulk Storage Regulations and the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended (the “Superfund Law”).

It is Kodak’s policy to carry out its business activities in a manner consistent with sound health, safety and environmental management practices, and to comply with applicable health, safety and environmental laws and regulations. Kodak continues to engage in programs for environmental, health and safety protection and control.

Based upon information presently available, future costs associated with environmental compliance are not expected to have a material effect on Kodak’s capital expenditures or competitive position, although costs could be material to a particular quarter or year.

EMPLOYMENT

At the end of 2015, Kodak employed the full time equivalent of approximately 6,400 people globally, of whom approximately 2,800 were employed in the U.S. The actual number of employees may be greater because some individuals work part time.

AVAILABLE INFORMATION

Kodak files many reports with the Securities and Exchange Commission (“SEC”) (www.sec.gov), including annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. These reports, and amendments to these reports, are made available free of charge as soon as reasonably practicable after being electronically filed with or furnished to the SEC. They are available through Kodak’s website at www.Kodak.com. To reach the SEC filings, follow the links to About Kodak, Investor Center, Financial Information and then SEC Filings.

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EX-99.2

Exhibit 99.2

PART II

ITEM 6. SELECTED FINANCIAL DATA

EASTMAN KODAK COMPANY

SUMMARY OF OPERATING DATA–UNAUDITED

	Successor									Predecessor
(in millions, except per share data, shareholders, and employees )	2015 (6)			2014 (6)			September 1, 2013 through December 31, 2013 (6)			January 1, 2013 through August 31, 2013 (6)			2012 (6)			2011 (6)
Net revenues from continuing operations	$	1,709		$	2,046		$	782		$	1,508		$	2,751		$	3,608
Earnings (loss) from continuing operations before interest expense, loss on extinguishment of debt, other (charges) income, net, reorganization items, net, and income taxes		91			47			(27	)		507			(642	)		(616	)
(Loss) earnings from:
Continuing operations		(28	)		(59	)		(63	)		2,250			(1,337	)		(739	)
Discontinued operations (5)		(47	)		(59	)		(15	)		(184	)		(42	)		(25	)
Net (loss) earnings		(75	)		(118	) (1)		(78	)		2,066	(2)		(1,379	) (3)		(764	) (4)
Less: Net earnings attributable to noncontrolling interests		5			5			3			—			—			—
Net (Loss) earnings Attributable to Eastman Kodak Company		(80	)		(123	)		(81	)		2,066			(1,379	)		(764	)
Earnings and Dividends
(Loss) earnings from continuing operations
- % of net sales from continuing operations		-1.6	%		-2.9	%		-8.1	%		149.2	%		-48.6	%		-20.5	%
Net (loss) earnings
- % return on average equity		-39.9	%		-25.9	%		-12.7	%		70.6	%		-45.8	%		-44.6	%
Basic and diluted (loss) earnings per share attributable to Eastman Kodak Company common shareholders:
Continuing operations		(0.79	)		(1.54	)		(1.58	)		8.25			(4.92	)		(2.75	)
Discontinued operations		(1.12	)		(1.41	)		(0.36	)		(0.67	)		(0.15	)		(0.09	)
Total		(1.91	)		(2.95	)		(1.94	)		7.58			(5.07	)		(2.84	)
Cash dividends declared and paid
- on common shares		—			—			—			—			—			—
- per common share		—			—			—			—			—			—
Weighted average common shares outstanding at end of period		41.9			41.7			41.7			272.7			271.8			269.1
Shareholders at year end		2,997			4,860			1,511			N/A			48,656			49,760
Statement of Financial Position Data
Working capital		819			952			1,086			564			(806	)		(60	)
Property, plant and equipment, net		394			501			684			507			607			796
Total assets		2,138			2,556			3,200			3,037			4,321			4,676
Short-term borrowings and current portion of long-term debt		4			5			4			681			699			152
Long-term debt, net of current portion		673			672			674			370			740			1,363
Supplemental Information
Research and development costs	$	44		$	64		$	21		$	44		$	168		$	195
Depreciation		113			170			66			85			182			221
Employees as of year end
- in the U.S.		2,800			3,200			3,600			n/a			5,980			8,350
- worldwide		6,400			7,300			8,800			n/a			13,100			17,100

EASTMAN KODAK COMPANY

SUMMARY OF OPERATING DATA–UNAUDITED (CONT’D)

Historical results are not indicative of future results.

⁽¹⁾  Includes $70 million in revenues from non-recurring intellectual property agreements that increased net after-tax income from continuing operations by $70 million.

⁽²⁾  Includes proceeds of $535 million from the sale and licensing of certain intellectual property assets, pre-tax goodwill impairment charges of $77 million; income of $2,026 million in pre-tax reorganization items, net; and net charges of $84 million related to discrete tax items. These items increased after-tax income from continuing operations by $2.4 billion.

⁽³⁾  Includes $843 million in pre-tax reorganization items, net; and a net benefit of $320 million related to discrete tax items. These items increased net after-tax loss from continuing operations by $523 million.

⁽⁴⁾  Includes $69 million of income related to gains on asset sales which decreased after-tax loss from continuing operations by $69 million.

⁽⁵⁾  Refer to Note 27, “Discontinued Operations” in the Notes to Financial Statements for a discussion regarding the (loss) earnings from discontinued operations.

⁽⁶⁾  Effective in the first quarter of 2016, due to a determination to sell the PROSPER Enterprise Inkjet Business (the “Prosper Business”), results for 2013, 2014 and 2015 were revised to report the Prosper Business as discontinued operations. Additionally, the related assets and liabilities of the Prosper Business are classified as held for sale for 2014 and 2015. Results for 2011 and 2012 were not revised. The related assets and liabilities of the Prosper Business are not classified as held for sale for 2011, 2012 or 2013.

EX-99.3

Exhibit 99.3

ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) is intended to help the reader understand the results of operations and financial condition of Kodak for the years ended December 31, 2015 and 2014, four months ended December 31, 2013 and eight months ended August 31, 2013. All references to the Notes relate to the Notes to the Financial Statements.

CAUTIONARY STATEMENT PURSUANT TO SAFE HARBOR PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This report on Form 8-K includes “forward–looking statements” as that term is defined under the Private Securities Litigation Reform Act of 1995.

Forward–looking statements include statements concerning Kodak’s plans, objectives, goals, strategies, future events, future revenue or performance, capital expenditures, liquidity, investments, financing needs, business trends, and other information that is not historical information. When used in this document, the words “estimates,” “expects,” “anticipates,” “projects,” “plans,” “intends,” “believes,” “predicts,” “forecasts,” “strategy,” “continues,” “goals,” “targets” or future or conditional verbs, such as “will,” “should,” “could,” or “may,” and variations of such words or similar expressions, as well as statements that do not relate strictly to historical or current facts, are intended to identify forward–looking statements. All forward–looking statements, including, without limitation, management’s examination of historical operating trends and data, are based upon Kodak’s expectations and various assumptions. Future events or results may differ from those anticipated or expressed in these forward-looking statements. Important factors that could cause actual events or results to differ materially from these forward-looking statements include, among others, the risks and uncertainties described in more detail in this report on Form 8–K under the headings “Business,” “and/or “Management’s Discussion and Analysis of Financial Condition and Results of Operations–Liquidity and Capital Resources,” and in other filings the Company makes with the SEC from time to time, as well as the following:

• Kodak’s ability to comply with the covenants in the Credit Agreements;

• Kodak’s ability to improve and sustain its operating structure, cash flow, profitability and other financial results;

• the ability of Kodak to achieve cash forecasts, financial projections, and projected growth;

• Kodak’s ability to achieve the financial and operational results contained in its business plans;

• Kodak’s ability to fund continued investments, capital needs and restructuring payments and service its debt;

• Kodak’s ability to discontinue, sell or spin-off certain non-core businesses or operations, or otherwise monetize assets;

• changes in foreign currency exchange rates, commodity prices and interest rates;

• Kodak’s ability to effectively anticipate technology trends and develop and market new products, solutions and technologies, including its micro 3D printing of touch sensors;

• Kodak’s ability to effectively compete with large, well-financed industry participants;

• continued sufficient availability of borrowings and letters of credit under the ABL Credit Agreement, Kodak’s ability to obtain additional financing if and as needed and Kodak’s ability provide or facilitate financing for its customers;

• Kodak’s ability to attract and retain key executives, managers and employees;

• the performance by third parties of their obligations to supply products, components or services to Kodak; and

• the impact of the global economic environment on Kodak.

There may be other factors that may cause Kodak’s actual results to differ materially from the forward–looking statements. All forward–looking statements attributable to Kodak or persons acting on its behalf apply only as of the date of this report on Form 8-K and are expressly qualified in their entirety by the cautionary statements included in this document. Kodak undertakes no obligation to update or revise forward–looking statements to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.

OVERVIEW

Revenue declined $337 million (16.0%) from 2014 to 2015. The year over year revenue declines were primarily due to the adverse impact of foreign currency (approximately $145 million), lower revenues from non-recurring intellectual property and brand licensing arrangements (approximately $62 million), volume declines in the Consumer and Film segment (approximately $82 million) and lower revenues in Print Systems due to both volume and pricing declines ($46 million). Cost reductions helped overcome the resulting impact of the revenue decline on earnings.

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Kodak’s strategy is to:

• Use Kodak’s divisional structure to drive accountability, transparency, and speed of decision making;

• Focus product investment in growth engines – Sonora, Packaging, Micro 3D Printing and Software and Services;

• Maintain stable market leadership position and cash flows associated with Print Systems;

• Manage the expected decline in and maximize cash generated by mature businesses;

• Continue to streamline processes to drive cost reductions and improve operating leverage; and

• Continue to explore opportunities to monetize the asset base.

A discussion of opportunities and challenges related to Kodak’s strategy follows:

• Print Systems’ digital plate products include traditional digital plates and KODAK SONORA Process Free Plates. SONORA process free plates allow Kodak customers to skip the plate processing step prior to mounting plates on a printing press. This improvement in the printing process saves time and costs for customers. Also, SONORA process free plates reduce the environmental impact of the printing process because they eliminate the use of chemicals (including solvents), water and power that is otherwise required to process a traditional plate. While traditional digital plate offerings are experiencing pricing pressure, innovations in Kodak product lines which command premium prices, such as SONORA Process Free Plates, are expected to offset some of the long-term price erosion in the market. Print Systems’ revenues declined $151 million in 2015 with approximately $107 million of the decline attributable to the adverse impact of foreign currency.

• In Enterprise Inkjet Systems, the legacy Versamark business is expected to continue to decline. Enterprise Inkjet Systems’ revenue declined $31 million compared with 2014, with approximately $9 million attributable to the adverse impact of foreign currency.

• In Micro 3D Printing and Packaging, the earnings contribution from Packaging offsets the cost of developing the Micro 3D Printing business. Within Micro 3D Printing, Kodak has been developing solutions in two technologies – silver halide mesh and copper mesh. Kodak will exit its position in silver metal mesh development and focus its development of touch sensors on copper mesh. Kodak expects that continued growth in Packaging, as well as the transition from investment to commercialization of product in Micro 3D Printing, will result in revenue and earnings growth in this segment. Growth in Packaging revenue is driven by an increasing installed base of Flexcel NX Systems which drives growth in Flexcel NX plate volumes. Flexcel NX plate volume improved by 26% in 2015 versus the prior year period. Micro 3D Printing and Packaging revenue declined $2 million compared with 2014 with approximately $14 million attributable to the adverse impact of foreign currency.

• The Software and Solutions segment is comprised of Kodak Technology Solutions, which includes Enterprise Services and Solutions, and Unified Workflow Solutions. Unified Workflow Solutions is an established product line, whereas Kodak Technology Solutions includes growing product lines that leverage existing technologies and intellectual property in new applications. These business initiatives generally do not require substantial additional investment, and Kodak expects that they will grow in contribution to earnings.

• The Consumer and Film segment’s revenues are expected to continue to decline. Consumer and Film’s revenue declined $87 million compared with 2014.

• Selling, general and administrative expenses (“SG&A”) and research and development (“R&D”) expenses declined a combined $100 million compared with 2014, as the result of a number of actions including headcount reductions, reduced overhead costs, savings from global benefit changes, facilities consolidations and renegotiations of vendor contracts.

• Kodak plans to continue to pursue monetization of its asset base, including selling the Prosper Business, selling and licensing intellectual property, selling and leasing excess capacity in its properties, and pursuing rights to an earn-out from a previous divestiture.

CRITICAL ACCOUNTING POLICIES AND ESTIMATES

Revenue Recognition

Kodak’s revenue transactions include sales of products (such as components and consumables for use in Kodak, and other manufacturers’ equipment, and film based products), equipment, software, services, integrated solutions, and intellectual property and brand licensing. Complex arrangements with nonstandard terms and conditions may require significant contract interpretation to determine the appropriate accounting. For equipment sales, revenue recognition may depend on completion of installation based on the type of equipment, level of customer specific customization and other contractual terms. In instances in which the agreement with the customer contains a customer acceptance clause, revenue is deferred until customer acceptance is obtained, provided the customer acceptance clause is considered to be substantive.

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At the time revenue is recognized, Kodak also records reductions to revenue for customer incentive programs. Such incentive programs include cash and volume discounts and promotional allowances. For those incentives that require the estimation of sales volumes or redemption rates, such as for volume rebates, Kodak uses historical experience and both internal and customer data to estimate the sales incentive at the time revenue is recognized. In the event that the actual results of these items differ from the estimates, adjustments to the sales incentive accruals are recorded. Future market conditions and product transitions may require Kodak to take actions to increase customer incentive offers, possibly resulting in an incremental reduction of revenue at the time the incentive is offered.

Valuation and Useful Lives of Long-Lived Assets, Including Goodwill and Intangible Assets

Kodak performs a test for goodwill impairment annually and whenever events or changes in circumstances occur that would more likely than not reduce the fair value of the reporting unit below its carrying amount.

Goodwill is tested for impairment at a level of reporting referred to as a reporting unit, which is an operating segment or one level below an operating segment (a component) if the component constitutes a business for which discrete financial information is available and regularly reviewed by segment management.

The Print Systems segment has two goodwill reporting units: Prepress Solutions and Electrophotographic Printing Solutions. The Micro 3D Printing and Packaging segment has two goodwill reporting units: Packaging and Micro-3D Printing. The Software and Solutions segment has two goodwill reporting units: Kodak Technology Solutions and Unified Workflow Solutions. The Consumer and Film segment has three goodwill reporting units: Consumer Inkjet Solutions, Motion Picture, Industrial Chemicals and Films and Consumer Products. The Enterprise Inkjet Systems segment has two goodwill reporting units: Commercial Inkjet Printing Solutions and Digital Front-End Controllers. The Intellectual Property Solutions segment and the Eastman Business Park segment each have one goodwill reporting unit.

If the fair value of a reporting unit is less than its carrying value, Kodak must determine the implied fair value of the goodwill associated with that reporting unit. The implied fair value of goodwill is determined by first allocating the fair value of the reporting unit to all of its assets and liabilities and then computing the excess of the reporting unit’s fair value over the amounts assigned to the assets and liabilities. If the carrying value of goodwill exceeds the implied fair value of goodwill, such excess represents the amount of goodwill impairment charge that must be recognized.

Determining the fair value of a reporting unit involves the use of significant estimates and assumptions. Kodak estimates the fair value of its reporting units using the guideline public company method and discounted cash flow method. To estimate fair value utilizing the guideline public company method, Kodak applies valuation multiples, derived from the operating data of publicly-traded benchmark companies, to the same operating data of the reporting units. The valuation multiples are based on financial measures of revenue and earnings before interest, taxes, depreciation and amortization (“EBITDA”). To estimate fair value utilizing the discounted cash flow method, Kodak establishes an estimate of future cash flows for each reporting unit and discounts those estimated future cash flows to present value.

Kodak performed a quantitative test of impairment for all reporting units for its annual impairment test as of October 1, 2015. Except for the Prepress Solutions, Packaging and Unified Workflow Solutions reporting units, Kodak did not use the guideline public company method because reporting unit EBITDA results were negative, which would have only allowed the application of a revenue multiple in determining fair value under the guideline public company method, and/or reporting units ranked below all the selected market participants for these financial measures. When using the guideline public company method, multiples should be derived from companies that exhibit a high degree of comparability to the business being valued. Kodak ultimately gave 100% weighting to the discounted cash flow method for these reporting units. For the Prepress Solutions, Packaging and Unified Workflow Solutions reporting units, Kodak selected equal weighting of the guideline public company method and the discounted cash flow method as the valuation approaches produced comparable ranges of fair value.

To estimate fair value utilizing the discounted cash flow method, Kodak established an estimate of future cash flows for the period ranging from October 1, 2015 to December 31, 2024 and discounted the estimated future cash flows to present value. The expected cash flows were derived from earnings forecasts and assumptions regarding growth and margin projections, as applicable. The discount rates are estimated based on an after-tax weighted average cost of capital (“WACC”) for each reporting unit reflecting the rate of return that would be expected by a market participant. The WACC also takes into consideration a company specific risk premium for each reporting unit reflecting the risk associated with the overall uncertainty of the financial projections. Discount rates of 20% to 38% were utilized in the valuation based on Kodak’s best estimates of the after-tax weighted-average cost of capital of each reporting unit.

A terminal value was included for all reporting units, except for the Consumer Inkjet Systems reporting unit, at the end of the cash flow projection period to reflect the remaining value that the reporting unit is expected to generate. The terminal value is calculated using the constant growth method (“CGM”) based on the cash flows of the final year of the discrete period.

Based upon the results of Kodak’s October 1, 2015 analysis, Kodak concluded that the carrying value of the Intellectual Property Solutions reporting unit exceeded its implied fair value and recorded a pre-tax impairment charge of $2 million in the fourth quarter of 2015 that is included in Other operating expense (income), net in the Consolidated Statement of Operations, representing the entire amount of goodwill for this reporting unit. No impairment of goodwill was indicated for any other reporting units.

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In 2015, Kodak changed the date of the annual goodwill impairment test from October 1 to December 31 to better align with its strategic business planning process. Kodak updated its quantitative test of impairment for all reporting units as of December 31, 2015 using assumptions consistent with the October 1 impairment test except the projected cash flows reflected the probability of selling the Prosper business and ceasing the silver metal mesh development operations within Micro 3D Printing. Based upon the results of Kodak’s December 31, 2015 analysis, no impairment of goodwill was indicated.

Impairment of goodwill could occur in the future if a reporting unit’s fair value changes significantly, if market or interest rate environments deteriorate, if a reporting unit’s carrying value changes materially compared with changes in its fair values, or as a result of changes in operating segments or reporting units.

The carrying value of the indefinite-lived intangible asset related to the Kodak trade name is evaluated for potential impairment annually or whenever events or changes in circumstances indicate that it is more likely than not that the asset is impaired. Kodak performed the annual test of impairment as of October 1, 2015.

The fair value of the Kodak trade name, which has a carrying value of $46 million, was valued using the income approach, specifically the relief from royalty method based on the following significant assumptions: (a) forecasted revenues ranging from October 1, 2015 to December 31, 2024, including a terminal year with growth rates ranging from –2% to 3%; (b) royalty rates ranging from .5% to 1% of expected net sales determined with regard to comparable market transactions and profitability analysis; and (c) discount rates ranging from 22% to 38%, which were based on the after-tax weighted-average cost of capital.

Based on the results of Kodak’s October 1, 2015 assessment, no impairment of the Kodak trade name was indicated. In 2015, Kodak changed the date of the annual impairment test of the Kodak trade name from October 1 to December 31 to better align with its strategic business planning process. Kodak updated its impairment test using the assumptions consistent with the October 1 impairment test except the forecasted revenues reflected the probability of selling the Prosper business and ceasing the silver metal mesh development operations within Micro 3D Printing. Based upon the results of Kodak’s December 31, 2015 analysis, the fair value of the Kodak trade name exceeded its carrying value by 3% and no impairment was indicated. Kodak expects an impairment of the Kodak trade name related to the sale of the Prosper business. The value and timing of the impairment will depend on the sale process. Impairment of the Kodak trade name could also occur in the future if expected revenues decline for other businesses or if there are significant changes in the discount or royalty rates.

Long-lived assets other than goodwill and indefinite-lived intangible assets are evaluated for impairment whenever events or changes in circumstances indicate the carrying value may not be recoverable. When evaluating long-lived assets for impairment, the carrying value of an asset group is compared to its estimated undiscounted future cash flows. An impairment is indicated if the estimated future cash flows are less than the carrying value of the asset group. The impairment is the excess of the carrying value over the fair value of the long-lived asset group.

In 2016 Kodak decided to exit its position in silver metal mesh development. As of December 31, 2015 the estimated undiscounted cash flows were greater than the carrying value of the long-lived assets associated with those operations. Therefore no impairment was reported as of December 31, 2015. There were approximately $10 million of tangible and $9 million of intangible long-lived assets associated with the silver metal mesh development as of December 31, 2015. Kodak expects an impairment of the long-lived assets of the silver metal mesh development operations to occur during the quarter ended March 31, 2016. The value of the impairment will depend on the estimated ability to recover value from the tangible assets.

The value of property, plant, and equipment is depreciated over its expected useful life in such a way as to allocate it as equitably as possible to the periods during which services are obtained from their use, which aims to distribute the value over the remaining estimated useful life of the unit in a systematic and rational manner. An estimate of useful life not only considers the economic life of the asset, but also the remaining life of the asset to the entity. Impairment of long-lived assets other than goodwill and indefinite lived intangible assets could occur in the future if expected future cash flows decline or if there are significant changes in the estimated useful life of the assets.

Taxes

Kodak recognizes deferred tax liabilities and assets for the expected future tax consequences of operating losses, credit carry-forwards and temporary differences between the carrying amounts and tax basis of Kodak’s assets and liabilities. Kodak records a valuation allowance to reduce its net deferred tax assets to the amount that is more likely than not to be realized. Kodak has considered forecasted earnings, future taxable income, the geographical mix of earnings in the jurisdictions in which Kodak operates and prudent and feasible tax planning strategies in determining the need for these valuation allowances. As of December 31, 2015, Kodak has net deferred tax assets before valuation allowances of approximately $1,228 million and a valuation allowance related to those net deferred tax assets of approximately $1,201 million, resulting in net deferred tax assets

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of approximately $27 million. The net deferred tax assets can be used to offset taxable income in future periods and reduce Kodak’s income tax payable in those future periods. At this time, it is considered more likely than not that taxable income in the future will be sufficient to allow realization of these net deferred tax assets. However, if Kodak is unable to generate sufficient taxable income, then a valuation allowance to reduce net deferred tax assets may be required, which could materially increase expenses in the period the valuation allowance is recognized. Conversely, if Kodak were to make a determination that it is more likely than not that deferred tax assets, for which there is currently a valuation allowance, would be realized, the related valuation allowance would be reduced and a benefit to earnings would be recorded. Kodak considers both positive and negative evidence in determining whether a valuation allowance is needed by territory including, but not limited to, whether particular entities are in three year cumulative income positions.

In general, the amount of tax expense or benefit from continuing operations is determined without regard to the tax effects of other categories of income or loss, such as Other comprehensive (loss) income. However, an exception to this rule applies when there is a loss from continuing operations and income from items outside of continuing operations that must be considered. This exception requires that income from discontinued operations and items charged or credited directly to other comprehensive income be considered in determining the amount of tax benefit that results from a loss in continuing operations. This exception affects the allocation of the tax provision amongst categories of income.

The undistributed earnings of Kodak’s foreign subsidiaries are not considered permanently reinvested. Kodak has a deferred tax liability (net of related foreign tax credits) of $102 million and $159 million on the foreign subsidiaries’ undistributed earnings as of December 31, 2015 and 2014, respectively. Kodak also has a deferred tax liability of $19 million and $17 million for the potential foreign withholding taxes on the undistributed earnings as of December 31, 2015 and 2014, respectively.

Kodak operates within multiple taxing jurisdictions worldwide and is subject to audit in these jurisdictions. These audits can involve complex issues, which may require an extended period of time for resolution. Management’s ongoing assessments of the outcomes of these issues and related tax positions require judgment, and although management believes that adequate provisions have been made for such issues, there is the possibility that the ultimate resolution of such issues could have an adverse effect on the earnings of Kodak. Conversely, if these issues are resolved favorably in the future, the related provisions would be reduced, thus having a positive impact on earnings.

Pension and Other Postretirement Benefits

Kodak’s defined benefit pension and other postretirement benefit costs and obligations are estimated using several key assumptions. These assumptions, which are reviewed at least annually by Kodak, include the discount rate, long-term expected rate of return on plan assets (“EROA”), salary growth, healthcare cost trend rate, mortality trends and other economic and demographic factors. Actual results that differ from Kodak’s assumptions are recorded as unrecognized gains and losses and are amortized to earnings over the estimated future service period of the active participants in the plan or, if the plan is almost entirely inactive, the average remaining lifetime expectancy of inactive participants, to the extent such total net unrecognized gains and losses exceed 10% of the greater of the plan’s projected benefit obligation or the calculated value of plan assets. Significant differences in actual experience or significant changes in future assumptions would affect Kodak’s pension and other postretirement benefit costs and obligations.

Asset and liability modeling studies are utilized by Kodak to adjust asset exposures and review a liability hedging program through the use of forward-looking correlation, risk and return estimates. Those forward-looking estimates of correlation, risk and return generated from the modeling studies are also used to estimate the EROA. The EROA is estimated utilizing a forward-looking building block model factoring in the expected risk of each asset category, return and correlation over a five to seven year horizon, and weighting the exposures by the current asset allocation. Historical inputs are utilized in the forecasting model to frame the current market environment with adjustments made based on the forward-looking view. Kodak aggregates investments into major asset categories based on the underlying benchmark of the strategy. Kodak’s asset categories include broadly diversified exposure to U.S. and non-U.S. equities, U.S. and non-U.S. government and corporate bonds, inflation-linked bonds, commodities and absolute return strategies. Each allocation to these major asset categories is determined within the overall asset allocation to accomplish unique objectives, including enhancing portfolio return, providing portfolio diversification, or hedging plan liabilities.

The EROA, once set, is applied to the calculated value of plan assets in the determination of the expected return component of Kodak’s pension expense. Kodak uses a calculated value of plan assets, which recognizes gains and losses in the fair value of assets over a four-year period, to calculate expected return on assets. At December 31, 2015, the calculated value of the assets of Kodak’s major U.S. and non-U.S. defined benefit pension plans was approximately $4.4 billion and the fair value was approximately $4.5 billion. Asset gains and losses that are not yet reflected in the calculated value of plan assets are not included in amortization of unrecognized gains and losses.

Kodak reviews its EROA assumption annually. To facilitate this review, every three years, or when market conditions change materially, Kodak’s larger plans will undertake asset allocation or asset and liability modeling studies. The weighted average EROA used to determine the 2015 net pension expense for major U.S. and non-U.S. defined benefit pension plans was 7.40% and 4.69%, respectively.

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Generally, Kodak bases the discount rate assumption for its significant plans on high quality corporate bond yields in the respective countries as of the measurement date. Specifically, for its U.S., Canadian, Euro-zone and UK plans, Kodak determines a discount rate using a cash flow model to incorporate the expected timing of benefit payments and an AA-rated corporate bond yield curve. For Kodak’s U.S. plans, the Citigroup Above Median Pension Discount Curve is used. For Kodak’s other non-U.S. plans, discount rates are determined by comparison to published local high quality bond yields or indices considering estimated plan duration and removing any outlying bonds, as warranted.

Beginning in 2016, Kodak will change the method used to estimate the service and interest cost components of the net periodic pension and other postretirement benefit costs. The new method uses the spot yield curve approach to estimate the service and interest costs by applying the specific spot rates along the yield curve used to determine the benefit obligations to relevant projected cash outflows. Prior to 2016, the service and interest costs were determined using a single weighted-average discount rate based on the AA yield curves used to measure the benefit obligation at the measurement date. Kodak changed to the new method to provide a more precise measure of interest and service costs by improving the correlation between the projected benefit cash flows and the discrete spot yield curve rates. Kodak will account for this change prospectively as a change in estimate beginning in the first quarter of 2016.

As a result of the methodology change, the 2016 interest cost for the major U.S. and non-U.S. defined benefit pension plans is expected to decrease by approximately $35 million and $4 million, respectively. For the major other postretirement benefit plans, the 2016 interest cost is expected to decrease by less than $1 million. The methodology change had no material impact on service cost for Kodak’s major defined benefit plans.

The salary growth assumptions are determined based on Kodak’s long-term actual experience and future and near-term outlook. The healthcare cost trend rate assumptions are based on historical cost and payment data, the near-term outlook and an assessment of the likely long-term trends.

The following table illustrates the sensitivity to a change to certain key assumptions used in the calculation of expense for the year ending December 31, 2016 and the projected benefit obligation (“PBO”) at December 31, 2015 for Kodak’s major U.S. and non-U.S. defined benefit pension plans:

(in millions)	Impact on 2016 Pre-Tax Pension Expense Increase (Decrease)						Impact on PBO December 31, 2015 Increase (Decrease)
	U.S.			Non-U.S.			U.S.			Non-U.S.
Change in assumption:
25 basis point decrease in discount rate	$	(3	)	$	(1	)	$	95		$	22
25 basis point increase in discount rate		6			1			(91	)		(21	)
25 basis point decrease in EROA		9			2			N/A			N/A
25 basis point increase in EROA		(9	)		(2	)		N/A			N/A

Total pension income from continuing operations before special termination benefits, curtailments and settlements for the major defined benefit pension plan in the U.S. was $115 million for 2015 and is expected to be approximately $137 million in 2016. Pension income from continuing operations before special termination benefits, curtailments and settlements for the major non-U.S. defined benefit pension plans was $8 million for 2015 and is projected to be approximately $11 million in 2016.

Inventories

Inventories are stated at the lower of cost or market. Carrying values of excess and obsolete inventories are reduced to net realizable value. Judgment is required to assess the ultimate demand for and realizable value of inventory. The analysis of inventory carrying values considers several factors including length of time inventory is on hand, historical sales, product shelf life, product life cycle, product category, and product obsolescence.

Accounts Receivable Reserves

Accounts receivable reserves are based on historical collections experience as well as reserves for specific receivables deemed to be at risk for collection. The collectability of customer receivables is reviewed on an ongoing basis considering past due invoices and the current creditworthiness of each customer. Judgment is required in assessing the ultimate realization of accounts receivables.

6

DETAILED RESULTS OF OPERATIONS

Net Revenues from Continuing Operations by Reportable Segment

	Successor						Predecessor
(in millions)	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
Print Systems	$	1,106	$	1,257	$	485	$	844
Micro 3D Printing and Packaging		128		130		42		75
Software and Solutions		112		108		39		82
Consumer and Film		265		352		147		371
Enterprise Inkjet Systems		84		115		53		95
Intellectual Property Solutions		1		70		9		1
Eastman Business Park		13		14		4		4
All Other		—		—		3		36
Consolidated total	$	1,709	$	2,046	$	782	$	1,508

Segment Operational EBITDA and Consolidated Earnings (Loss) from Continuing Operations Before Income Taxes

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Print Systems	$	99		$	94		$	38		$	33
Micro 3D Printing and Packaging (6)		11			—			—			(3	)
Software & Solutions		9			3			(1	)		(11	)
Consumer & Film		52			66			34			127
Enterprise Inkjet Systems		20			35			14			29
Intellectual Property Solutions		(22	)		40			(2	)		(19	)
Eastman Business Park		2			1			4			1
Total of reportable segments		171			239			87			157
All Other		4			4			4			5
Depreciation and amortization		(134	)		(191	)		(73	)		(93	)
Corporate components of pension and OPEB income (1)		133			110			67			43
Restructuring costs and other		(37	)		(56	)		(17	)		(45	)
Overhead supporting, but not directly absorbed by discontinued operations (2)		(21	)		(30	)		(16	)		(52	)
Stock-based compensation		(17	)		(8	)		(1	)		(3	)
Change in U.S. vacation benefits (3)		16			—			—			—
Consulting and other costs (4)		(14	)		(7	)		(2	)		(1	)
Idle costs (5)		(3	)		(4	)		—			1
Manufacturing costs originally planned to be absorbed by silver halide touch screen production (6)		(2	)		(1	)		—			—
Fresh start adjustments		—			—			(74	)		—
Other operating (expense) income, net excluding gain related to Unipixel termination (7)		(5	)		(9	)		(2	)		495
Loss on early extinguishment of debt, net (8)		—			—			—			(8	)
Interest expense (8)		(63	)		(62	)		(22	)		(106	)
Other charges, net (8)		(21	)		(21	)		10			(13	)
Reorganization items, net (8)		(5	)		(13	)		(16	)		2,026
Consolidated earnings (loss) from continuing operations before income taxes	$	2		$	(49	)	$	(55	)	$	2,406

7

⁽¹⁾  Composed of interest cost, expected return on plan assets, amortization of actuarial gains and losses, and curtailments and settlement components of pension and other postretirement benefit expenses.

⁽²⁾  Consists of costs for shared resources allocated to the Prosper Enterprise Inkjet business discontinued operation which are now included in the results of continuing operations. Shared costs allocated to prior discontinued operations are also included ($1 million, $4 million, $5 million and $35 million for the years ended December 31, 2015 and 2014, four months ended December 31, 2013 and eight months ended August 31, 2013, respectively.)

⁽³⁾  In the fourth quarter of 2015, Kodak changed the timing of when U.S. employees earn their vacation benefits which reduced the related accrual as of December 31, 2015.

⁽⁴⁾  Consulting and other costs in the current year period are primarily related to professional services provided for corporate strategic initiatives. The prior year periods primarily represent the cost of AlixPartners filling interim executive positions which are not captured within “Reorganization items, net” as well as consulting services provided by former executives during transitional periods.

⁽⁵⁾  Consists of third party costs such as security, maintenance, and utilities required to maintain land and buildings in certain locations not used in any Kodak operations.

⁽⁶⁾  Consists of manufacturing costs originally planned to be absorbed by silver halide touch screen production.

⁽⁷⁾  In 2015 a $3 million gain was recognized related to assets that were acquired for no monetary consideration as a part of the termination of the relationship with Unipixel. The gain was reported in Other operating income (expense), net in the Consolidated Statement of Operations. Other operating income (expense), net is typically excluded from the segment measure. However, this particular gain was included in the Micro 3D Printing and Packaging segment’s earnings in 2015.

⁽⁸⁾  As reported in the Consolidated Statement of Operations

8

RESULTS OF OPERATIONS

	Successor																		Predecessor
	Year Ended December 31, 2015			% of Sales			Year Ended December 31, 2014			% of Sales			$ Change vs. 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013			% of Sales (Combined)			$ Change vs. 2013 (Combined)
Revenues	$	1,709					$	2,046						(337	)	$	782		$	1,508						(244	)
Cost of revenues		1,331						1,586						(255	)		664			1,128						(206	)
Gross profit		378			22	%		460			22	%		(82	)		118			380			22	%		(38	)
Selling, general and administrative expenses		204			12	%		284			14	%		(80	)		105			281			17	%		(102	)
Research and development costs		44			3	%		64			3	%		(20	)		21			44			3	%		(1	)
Restructuring costs and other		37			2	%		56			3	%		(19	)		17			43			3	%		(4	)
Other operating expense (income), net		2			0	%		9			0	%		(7	)		2			(495	)		(22	%)		502
Earnings (loss) from continuing operations before interest expense, loss on early extinguishment of debt, net, other (charges) income, net, reorganization items, net and income taxes		91			5	%		47			2	%		44			(27	)		507			21	%		(433	)
Interest expense		63			4	%		62			3	%		1			22			106			6	%		(66	)
Loss on early extinguishment of debt, net		—			—			—			—			—			—			8			0	%		(8	)
Other (charges) income, net		(21	)		(1	%)		(21	)		(1	%)		—			10			(13	)		(0	%)		(18	)
Reorganization items, net		5			0	%		13			1	%		(8	)		16			(2,026	)		(88	%)		2,023
Earnings (loss) from continuing operations before income taxes		2			0	%		(49	)		(2	%)		51			(55	)		2,406			103	%		(2,400	)
Provision for income taxes		30			2	%		10			0	%		20			8			155			7	%		(153	)
(Loss) earnings from continuing operations		(28	)		(2	%)		(59	)		(3	%)		31			(63	)		2,251			96	%		(2,247	)
Loss from discontinued operations, net of income taxes		(47	)		(3	%)		(59	)		(3	%)		12			(15	)		(185	)		(9	%)		141
NET (LOSS) EARNINGS		(75	)		(4	%)		(118	)		(6	%)		43			(78	)		2,066			87	%		(2,106	)
Less: Net income attributable to noncontrolling interests		5			0	%		5			0	%		—			3			—			0	%		2
NET (LOSS) EARNINGS ATTRIBUTABLE TO EASTMAN KODAK COMPANY	$	(80	)		(5	%)	$	(123	)		(6	%)		43		$	(81	)	$	2,066			87	%		(2,108	)

Revenues

Current Year

For the year ended December 31, 2015, revenues decreased by approximately $337 million compared with the same period in 2014. The decline in revenue was primarily driven by unfavorable foreign currency rates ($145 million) and lower non-recurring intellectual property and brand licensing arrangements ($62 million). Also contributing to the decline were volume declines in Consumer and Film ($82 million), Enterprise Inkjet Systems ($20 million) and Print Systems ($15 million) and unfavorable price/mix within Print Systems ($31 million) primarily due to pricing declines. Partially offsetting these declines were volume improvements in Micro 3D Printing and Packaging ($13 million) and Software and Solutions ($13 million). See segment discussions for additional details.

Prior Year

For the year ended December 31, 2014, revenues decreased approximately $244 million compared with the same period in 2013, primarily due to volume declines ($144 million) and lower brand licensing revenues ($29 million), both within Consumer and Film. Also contributing to the decline was unfavorable pricing and volume in Print Systems ($58 million), lower revenues in Enterprise Inkjet Systems ($32 million) and unfavorable currency impacts ($19 million). Partially offsetting these declines was higher revenues from non-recurring intellectual property licensing arrangements ($60 million). See segment discussions for additional details.

Included in revenues were non-recurring intellectual property and brand licensing arrangements. Across all segments, such arrangements contributed approximately $8 million to revenue in 2015, $70 million to revenues in 2014 and $40 million to revenues in 2013.

9

Gross Profit

Current Year

Gross profit for 2015 decreased by approximately $82 million. The decrease was driven by lower revenues from non-recurring intellectual property and brand licensing arrangements ($62 million), unfavorable foreign currency rates ($36 million), unfavorable price/mix within Print Systems ($31 million), and lower volumes within Consumer and Film ($33 million). Offsetting these declines were lower costs across all segments ($68 million), primarily due to lower depreciation expense in Consumer and Film and Print Systems. See segment discussions for additional details.

Current year gross profit also includes a $9 million favorable impact from the reduction of an accrual due to the change in U.S. vacation benefits.

Prior Year

Gross profit for 2014 decreased by approximately $38 million primarily due to lower volume ($57 million) within Consumer and Film, pricing declines ($41 million) within Print Systems, unfavorable cost within Consumer and Film ($55 million) driven by lower volumes and increased depreciation expense, and lower brand licensing revenues ($29 million) within Consumer and Film. Also contributing to the decline was higher corporate pension costs ($11 million), lower revenues within Enterprise Inkjet Systems ($12 million) and unfavorable currency impacts ($6 million). Partially offsetting these declines was lower manufacturing costs within Print Systems ($39 million) and higher non-recurring intellectual property licensing revenue as described above ($60 million). See segment discussions for additional details.

Additionally, gross profit for 2013 included a $74 million unfavorable cost impact across all segments from the application of fresh start accounting primarily due to revaluation of inventory.

Selling, General and Administrative Expenses

The decreases in consolidated selling, general and administrative expenses from 2014 to 2015 and from 2013 to 2014 were the result of cost reduction actions.

Research and Development Costs

Consolidated R&D expenses decreased by $19 million in 2015 as compared with the prior year period primarily due to focusing development activities on prioritized projects and certain products reaching or completing the commercialization phase. The decrease in consolidated R&D in 2014 was driven by a reduction in pension and other postretirement benefit costs in 2014.

Restructuring Costs and Other

These costs, as well as the restructuring costs reported in Cost of revenues, are discussed under the “RESTRUCTURING COSTS AND OTHER” section in this MD&A.

Other Operating (Income) Expense, Net

For details, refer to Note 12, “Other Operating Expense (Income), Net.”

Other (Charges) Income, Net

For details, refer to Note 13, “Other (Charges) Income, Net.”

Reorganization Items, Net

For details, refer to Note 26, “Reorganization Items, Net.”

Provision for Income Taxes

For details, refer to Note 14, “Income Taxes”

10

Discontinued Operations

Discontinued operations of Kodak include the Prosper Business, the Personalized and Document Imaging businesses and other miscellaneous businesses. Refer to Note 27, “Discontinued Operations” for additional information.

PRINT SYSTEMS SEGMENT

	Successor						$ Change			Successor			Predecessor			$ Change (2013 Combined)
	Year Ended December 31, 2015			Year Ended December 31, 2014						Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Revenues	$	1,106		$	1,257		$	(151	)	$	485		$	844		$	(72	)
Operational EBITDA before allocation of corporate SG&A costs		148			162			(14	)		67			82			13
Allocation of corporate SG&A costs		49			68			(19	)		29			49			(10	)
Operational EBITDA		99			94			5			38			33			23
Operational EBITDA as a % of revenues		9	%		7	%					8	%		4	%

Revenues

Current Year

The decrease in Print Systems revenues of approximately $151 million reflected unfavorable currency rates ($107 million) and consumables pricing declines within Prepress Solutions ($31 million) as a result of competitive pressures in the industry. Also contributing to the decline was unfavorable volume within Electrophotographic Printing Solutions driven by lower demand for annuities ($11 million).

Prior Year

The decrease in Print Systems revenues of approximately $72 million primarily reflected lower consumables pricing within Prepress Solutions ($33 million) as a result of competitive pressures in the industry, and lower volume and pricing in Electrophotographic Printing Solutions annuities ($18 million). Also contributing to the decrease were lower equipment sales in Electrophotographic Printing Solutions ($15 million) and unfavorable foreign currency impacts ($15 million). Partially offsetting these declines were volume improvements in Prepress consumables ($7 million).

Operational EBITDA

Current Year

Print Systems Operational EBITDA increased approximately $5 million as SG&A cost reductions ($38 million) and improved manufacturing efficiency ($14 million) driven by the exit of the Leeds manufacturing facility more than offset the impact of consumables pricing declines within Prepress Solutions ($31 million), unfavorable currency rates ($9 million), and unfavorable aluminum pricing ($9 million).

Prior Year

Print Systems Operational EBITDA increased approximately $23 million primarily due to lower SG&A as a result of cost reductions ($31 million), as well as improved manufacturing efficiency ($26 million) and lower aluminum costs ($13 million). Offsetting these improvements were pricing declines within Prepress Solutions consumables ($33 million) and Electrophotographic Printing Solutions annuities ($9 million), and unfavorable currency rates ($5 million).

11

MICRO 3D PRINTING AND PACKAGING SEGMENT

	Successor						$ Change			Successor			Predecessor			$ Change (2013 Combined)
	Year Ended December 31, 2015			Year Ended December 31, 2014						Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Revenues	$	128		$	130		$	(2	)	$	42		$	75		$	13
Operational EBITDA before allocation of corporate SG&A costs		18			8			10			3			2			3
Allocation of corporate SG&A costs		7			8			(1	)		3			5			—
Operational EBITDA		11			—			11			—			(3	)		3
Operational EBITDA as a % of revenues		9	%		0	%					0	%		-4	%

Revenues

Current Year

The decrease in Micro 3D Printing and Packaging revenues of approximately $2 million was driven by unfavorable currency rates ($14 million). This decrease was partially offset by volume improvements within Packaging ($13 million) primarily due to a larger installed base of Flexcel NX systems driving growth in revenues from Flexcel NX consumables.

Prior Year

The $13 million increase in Micro 3D Printing and Packaging revenues was driven by volume improvements within Packaging ($15 million) primarily due to a larger installed base of Flexcel NX systems driving growth in revenues from Flexcel NX consumables. This increase was partially offset by pricing declines within packaging consumables ($2 million) due to lower pricing on higher volume contracts.

Operational EBITDA

Current Year

The $11 million improvement in the Micro 3D Printing and Packaging Operational EBITDA was due to higher volume within Packaging ($8 million) driven by increased sales of Flexcel NX consumables, as well as increased manufacturing efficiency ($1 million) within Packaging. These improvements were partially offset by unfavorable currency rates ($4 million). Also included in Operational EBITDA is a gain related to assets that were acquired for no monetary consideration as a part of the termination of the relationship with Unipixel ($3 million).

Prior Year

The $3 million improvement in the Micro 3D Printing and Packaging Operational EBITDA was driven by the impact of higher Packaging volumes mentioned above ($4 million) and favorable currency rates ($2 million). Partially offsetting these increases were increased R&D spending due to higher investment in Micro 3D Printing ($3 million) and unfavorable pricing within Packaging ($2 million) due to the declines mentioned above.

SOFTWARE AND SOLUTIONS SEGMENT

	Successor						$ Change			Successor			Predecessor			$ Change (2013 Combined)
	Year Ended December 31, 2015			Year Ended December 31, 2014						Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Revenues	$	112		$	108		$	4		$	39		$	82		$	(13	)
Operational EBITDA before allocation of corporate SG&A costs		16			11			5			3			(5	)		13
Allocation of corporate SG&A costs		7			8			(1	)		4			6			(2	)
Operational EBITDA		9			3			6			(1	)		(11	)		15
Operational EBITDA as a % of revenues		8	%		3	%					-3	%		-13	%

12

Revenues

Current Year

The increase in Software and Solutions revenues of approximately $4 million reflected volume improvements within Kodak Technology Solutions ($15 million) primarily due to higher revenues from government contracts. Partially offsetting this improvement were unfavorable currency rates ($9 million) and volume declines in Unified Workflow Solutions ($2 million).

Prior Year

The $13 million decrease in Software and Solutions revenues reflected unfavorable volume in Kodak Technology Solutions ($14 million) primarily due to timing of revenues from government contracts. Also contributing to the decline were unfavorable currency impacts ($3 million), primarily within Kodak Technology Solutions. Partially offsetting these declines was higher revenues from Unified Workflow Solutions ($4 million) driven by higher service revenues as a result of an increase in maintenance contracts.

Operational EBITDA

Current Year

The $6 million improvement in the Software and Solutions Operational EBITDA was due to cost improvements within Unified Workflow Solutions ($3 million) due to increased efficiency, as well as SG&A cost reductions ($3 million) and volume improvements within Kodak Technology Solutions ($2 million) primarily due to higher revenues from government contracts. Partially offsetting these improvements were unfavorable currency rates ($3 million).

Prior Year

The $15 million improvement in the Software and Solutions Operational EBITDA was primarily due to lower SG&A ($9 million) as a result of cost reductions and cost improvements ($4 million) primarily within Unified Workflow Solutions driven by increased efficiency and costs reductions in the service area. Also contributing to the improvement was the impact of higher service revenues in Unified Workflow Solutions mentioned above ($2 million).

CONSUMER AND FILM SEGMENT

	Successor						$ Change			Successor			Predecessor			$ Change (2013 Combined)
	Year Ended December 31, 2015			Year Ended December 31, 2014						Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Revenues	$	265		$	352		$	(87	)	$	147		$	371		$	(166	)
Operational EBITDA before allocation of corporate SG&A costs		63			85			(22	)		42			145			(102	)
Allocation of corporate SG&A costs		11			19			(8	)		8			18			(7	)
Operational EBITDA		52			66			(14	)		34			127			(95	)
Operational EBITDA as a % of revenues		20	%		19	%					23	%		34	%

Revenues

Current Year

The decrease in Consumer and Film revenues of approximately $87 million reflected volume declines within Consumer Inkjet Systems ($47 million) driven by lower sales of ink to the existing installed base of printers and within Motion Picture, Industrial Chemicals and Films ($35 million) due to declining demand for film products. Also contributing to the decrease are unfavorable currency rates ($6 million).

Included in current year revenues was $6 million from a brand licensing arrangement that was amended in the current year. The amendment eliminates a requirement for the licensee to pay quarterly royalties through the end of 2018 in return for an upfront payment.

13

Prior Year

The $166 million decrease in Consumer and Film revenues reflected volume declines within Motion Picture, Industrial Chemicals and Films ($125 million) driven by reduced demand for motion picture products partially offset by increased revenues from third-party manufacturing services performed under supply agreements with Kodak Alaris ($54 million). Also contributing to the decrease were volume declines within Consumer Inkjet Systems ($73 million) driven by lower sales of ink to the existing installed base of printers, and lower revenues within Consumer Products ($29 million) due to a significant non-recurring brand licensing arrangement in the prior year.

Operational EBITDA

Current Year

The $14 million decrease in the Consumer and Film Operational EBITDA was mainly due to the impact of lower consumer ink sales ($38 million) and unfavorable currency rates ($5 million). These items were offset by lower SG&A costs ($14 million) driven by cost reduction actions, favorable price and mix in Motion Picture, Industrial Chemicals and Films ($9 million) due to a shift in sales to higher margin products as well as price increases, and lower manufacturing costs ($4 million) due to increased efficiency and improved inventory management.

As discussed above, the current year includes $6 million from a non-recurring brand licensing payment.

Prior Year

The $95 million decrease in the Consumer and Film Operational EBITDA was mainly due to the impact of volume declines within Consumer Inkjet Systems mentioned above ($49 million) and lower Consumer Products revenues due to the licensing arrangement in the prior year discussed above ($29 million). Also contributing to the decrease was unfavorable manufacturing and other costs within Motion Picture, Industrial Chemicals and Films ($29 million) and Consumer Inkjet Systems ($6 million) primarily due to lower production volumes. Offsetting these decreases was lower SG&A costs ($17 million) as a result of cost reductions, and improved pricing within Consumer Inkjet Systems ($6 million).

ENTERPRISE INKJET SYSTEMS SEGMENT

	Successor						$ Change			Successor			Predecessor			$ Change (2013 Combined)
	Year Ended December 31, 2015			Year Ended December 31, 2014						Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Revenues	$	84		$	115		$	(31	)	$	53		$	95		$	(33	)
Operational EBITDA before allocation of corporate SG&A costs		23			41			(18	)		17			(25	)		49
Allocation of corporate SG&A costs		3			6			(3	)		3			5			(2	)
Operational EBITDA		20			35			(15	)		14			29			(8	)
Operational EBITDA as a % of revenues		24	%		30	%					26	%		31	%

Revenues

Current Year

The decrease in Enterprise Inkjet Systems revenues of approximately $31 million primarily reflected volume declines in service and consumables ($13 million) due to declines in the installed base of VERSAMARK systems and components, as well as lower equipment revenues ($7 million) primarily due to fewer placements of components. Also contributing to the decrease was unfavorable currency rates ($9 million).

Prior Year

The decrease in Enterprise Inkjet Systems revenues of approximately $33 million primarily reflected unfavorable volume due to fewer placements of VERSAMARK components ($15 million), as well as decreases in related service and consumables ($13 million) due to declines in the installed base.

14

Operational EBITDA

Current Year

The decrease in Enterprise Inkjet Systems Operational EBITDA of $15 million was driven by unfavorable costs ($8 million) due to lower scale as the category declines, and lower revenues ($6 million) across the product portfolio as discussed above. Also contributing to the decrease was unfavorable currency rates ($6 million). Partially offsetting these decreases was lower SG&A ($5 million) due to cost reduction actions.

Prior Year

The decrease in Enterprise Inkjet Systems Operational EBITDA of $8 million was mainly due to lower revenues ($12 million) across the VERSAMARK portfolio due to declines in the category as mentioned above. Partially offsetting these declines was lower SG&A ($5 million) due to cost reduction actions.

INTELLECTUAL PROPERTY SOLUTIONS SEGMENT

Current Year

Revenues in the Intellectual Property Solutions segment declined $69 million in 2015 compared to the prior year period due to lower revenues from non-recurring intellectual property licensing arrangements recognized in the current year period. R&D not directly related to other segments is included in the Intellectual Property Solutions segment. Operating expenses declined by $7 million in 2015 from the prior year period due to SG&A cost reductions and focusing R&D development activities on prioritized projects.

Prior Year

Revenues within the Intellectual Property Solutions segment increased $60 million from 2013 to 2014, primarily due to higher revenues from significant non-recurring intellectual property licensing agreements. These agreements contributed approximately $70 million in revenue in 2014 and $10 million in 2013.

EASTMAN BUSINESS PARK SEGMENT

Current Year

There were no significant changes in the results of operations of the Eastman Business Park segment in 2015 compared to the prior year period.

Prior Year

Revenues within the Eastman Business Park segment increased $6 million from the prior year period primarily due to additional tenant income from Kodak Alaris subsequent to the sale of the PI/DI Business.

RESTRUCTURING COSTS AND OTHER

2015

Restructuring actions taken in 2015 were initiated to reduce Kodak’s cost structure as part of its commitment to drive sustainable profitability and included continued progress toward the Leeds plate manufacturing facility exit, a Kodak Technology Center workforce reduction, and various targeted reductions in service, sales, research and development and other administrative functions.

As a result of these actions, for the year ended December 31, 2015 Kodak recorded $46 million of charges, including $8 million for accelerated depreciation which was reported in Cost of sales, $37 million which was reported as Restructuring costs and other and $1 million which was reported in (Loss) earnings from discontinued operations in the Consolidated Statement of Operations.

The Company made cash payments related to restructuring of approximately $41 million for the year ended December 31, 2015.

The restructuring actions implemented in 2015 are expected to generate future annual cash savings of approximately $53 million. These savings are expected to reduce future annual Cost of revenues, SG&A and R&D expenses by $21 million, $20 million and $12 million, respectively. Kodak expects the majority of the annual savings to be in effect by the end of 2016 as actions are completed.

15

Leeds Plate Manufacturing Facility Exit

On March 3, 2014, Kodak announced a plan to exit its prepress plate manufacturing facility located in Leeds, England. This decision was pursuant to Kodak’s initiative to consolidate manufacturing operations globally, and is expected to result in a more efficient delivery of its products and solutions. Kodak began the exit of the facility in the second quarter of 2014, completed the phase out of production at the site in the third quarter of 2015 and expects to complete the exit of the facility by the second quarter of 2016.

As a result of the decision, Kodak currently expects to incur total charges of $25 to $30 million, including approximately $10 million of charges related to separation benefits, $13 to $15 million of non-cash related charges for accelerated depreciation and asset write-offs, and $2 to $5 million in other cash related charges associated with this action.

Kodak incurred severance charges of $7 million, long-lived asset impairment charges of $1 million, accelerated depreciation charges of $8 million, and other exit costs of $1 million in the year ended December 31, 2015 under this program.

On a cumulative basis as of December 31, 2015, Kodak has recorded severance charges of $10 million, long-lived asset impairment charges of $3 million, accelerated depreciation charges of $10 million, and other exit costs of $1 million.

2014

For the year ended December 31, 2014 Kodak recorded $61 million of charges, including $2 million for accelerated depreciation which were reported in Cost of revenues, $56 million which were reported as Restructuring costs and other and $3 million which was reported in (Loss) earnings from discontinued operations in the Consolidated Statement of Operations.

2013

For the four months ended December 31, 2013, Kodak recorded $17 million of charges reported as Restructuring costs and other in the Consolidated Statement of Operations. For the eight months ended August 31, 2013, Kodak recorded $52 million of charges, including $4 million for accelerated depreciation and $2 million for inventory write-downs which were reported in Cost of revenues, $43 million reported as Restructuring costs and other and $3 million which were reported as (Loss) earnings from discontinued operations in the Consolidated Statement of Operations.

LIQUIDITY AND CAPITAL RESOURCES

2015

	As of December 31,
(in millions)	2015		2014
Cash and cash equivalents	$	546	$	712

Cash Flow Activity

(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Computed Change vs 2014
Cash flows from operating activities:
Net cash used in operating activities	$	(95	)	$	(128	)	$	33
Cash flows from investing activities:
Net cash (used in) provided by investing activities		(51	)		41			(92	)
Cash flows from financing activities:
Net cash used in financing activities		(1	)		(7	)		6
Effect of exchange rate changes on cash		(18	)		(38	)		20
Net decrease in cash and cash equivalents (1)	$	(165	)	$	(132	)	$	(33	)

⁽¹⁾  The ending cash and cash equivalents balance for the year December 31, 2015 in the cash flow activity above included $546 million of cash reported in the Statement of Financial Position and $1 million of cash reported in Current assets held for sale. There was no cash reported in Current assets held for sale at the beginning of that period.

16

Operating Activities

Net cash used in operating activities improved by $33 million for the year ended December 31, 2015 as compared with the prior year. The impact of less cash provided by reductions in accounts receivable was more than offset by less cash used to settle accounts payable and employee liabilities in the current year. Additionally, the prior year included a $49 million payment to settle certain of the Company’s historical environmental liabilities at Eastman Business Park. Those items and the benefit of cost reductions realized in the current year were partially offset by $70 million in intellectual property revenue in the prior year.

Investing Activities

Net cash used in investing activities increased $92 million for the year ended December 31, 2015 as compared with the prior year primarily due to the liquidity provided by the net release of restricted cash in the prior year and the incremental consideration received from the KPP Purchasing Parties in 2014.

Financing Activities

Net cash used in financing activities decreased $6 million for the year ended December 31, 2015 as compared to the prior year due to the year over year increase of $4 million from net proceeds from other credit facilities and lower equity transactions with noncontrolling interest of $2 million in the current year.

Sources of Liquidity

Available liquidity includes cash balances and the unused portion of the ABL Credit Agreement. The ABL Credit Agreement had $16 million of net availability as of December 31, 2015. The amount of available liquidity is subject to fluctuations and includes cash balances held by various entities worldwide. At December 31, 2015 and December 31, 2014, approximately $302 million and $214 million, respectively, of cash and cash equivalents were held within the U.S. and approximately $245 million and $498 million, respectively, of cash and cash equivalents were held outside the U.S. Cash balances held outside of the U.S. are generally required to support local country operations, may have high tax costs, or other limitations that delay the ability to repatriate, and therefore may not be readily available for transfer to other jurisdictions. Additionally, in China, where approximately $134 million of cash and cash equivalents were held as of December 31, 2015, there are limitations related to net asset balances that impact the ability to make cash available to other jurisdictions in the world. Under the terms of the Company’s Credit Agreements, the Company is permitted to invest up to $100 million at any time in subsidiaries and joint ventures that are not party to the loan agreement.

Under the ABL Credit Agreement, Kodak is required to maintain a minimum Fixed Charge Coverage Ratio (as defined under the ABL Credit Agreement) of 1.00 to 1.00 when Excess Availability is less than 15% of lender commitments (springing covenant). As of December 31, 2015 15% of lender commitments and Excess Availability were $30 million and $31 million, respectively. Excess Availability is equal to the sum of (i) 85% of the amount of the Eligible Receivables less a Dilution Reserve, (ii) the lesser of 85% of Net Orderly Liquidation Value or 75% of the Eligible Inventory (iii) Eligible Equipment (iv) Eligible Cash and (v) Qualified Cash (not to exceed $15 million) less (i) Rent and Charges Reserves, (ii) Principal Outstanding, (iii) Letters of Credit and (iv) an Availability Block (each item as defined in the ABL Credit Agreement).

As of December 31, 2015 Kodak had funded $30 million to the Eligible Cash account held with the ABL Credit Agreement Administrative Agent, which is classified as Restricted cash in the Consolidated Statement of Financial Position, and an additional $15 million of Qualified Cash in an unrestricted cash account, supporting the Excess Availability amount. If Excess Availability falls below 15% of lender commitments (currently $30 million), Kodak may, in addition to the requirement to be in compliance with the minimum Fixed Charge Coverage Ratio, become subject to cash dominion control. Kodak intends to maintain Excess Availability above the minimum threshold which may require additional funding of Eligible Cash. Since Excess Availability was greater than 15% of lenders commitments Kodak is not required to have a minimum Fixed Charges Coverage Ratio of 1.0 to 1.0. As of December 31, 2015, Kodak is in compliance with all covenants under the ABL Credit Agreement and had Kodak been required to have a Fixed Charge Coverage Ratio of 1.0 to 1.0 EBITDA, as defined in the ABL Credit Agreement, exceeded Fixed Charges by approximately $17 million, excluding the Prosper Business being reflected as a discontinued operation for purposes of calculating the Fixed Charge Coverage Ratio. If the calculation of the Fixed Charge Coverage Ratio included the Prosper Business as a discontinued operation as of December 31, 2015, Kodak’s EBITDA, as defined in the ABL Credit Agreement, would have exceeded Fixed Charges by approximately $56 million.

Under the terms of the Senior Secured First Lien Term Credit Agreement and the Senior Secured Second Lien Term Credit Agreement, Kodak is required to maintain a Secured Leverage Ratio (as defined under the Credit Agreements) not to exceed specified levels. The secured leverage ratio is tested at the end of each quarter based on the prior four quarters and is generally determined by dividing secured debt, net of U.S. cash and cash equivalents, by consolidated EBITDA, as calculated under the credit agreements. The maximum secured leverage ratio permitted under the Senior Secured First Lien Term Credit Agreement (which is more restrictive than the corresponding ratio permitted under the Senior Secured Second Lien Term Credit Agreement) declined on June 30, 2015 from 3.75:1 to 3.25:1 and declined again on December 31, 2015 from 3.25:1 to 2.75:1, with no further adjustments for the remainder of the agreement. As of December 31, 2015, Kodak’s EBITDA, as calculated under the Term Credit Agreements, exceeded the EBITDA necessary to satisfy the covenant ratios by approximately $33 million, excluding the Prosper Business being reflected as a discontinued operation for purposes of calculating the Secured Leverage Ratio. If the calculation of the Secured Leverage Ratio included the Prosper Business as a discontinued operation as of December 31, 2015, Kodak’s EBITDA, as calculated under the Term Credit Agreements, would have exceeded the EBITDA necessary to satisfy the covenant ratios by approximately $69 million.

17

The combination of the stricter covenant requirements, Kodak’s ongoing investment in growth businesses, and softening and volatility of global economic conditions and foreign currency exchange rates could make it difficult for Kodak to satisfy the leverage covenants on an on-going basis. Kodak intends to conduct its operations in a manner that will result in continued compliance with the secured leverage ratio covenants; however, compliance for future quarters may depend on Kodak undertaking one or more non-operational transactions, such as a monetization of assets, a debt refinancing, the raising of equity capital, or a similar transaction. If Kodak is unable to remain in compliance and does not make alternate arrangements with its term lenders, an event of default would occur under Kodak’s credit agreements which, among other remedies, would entitle the lenders or their agents to declare the outstanding obligations under the Term Credit Agreements to be immediately due and payable.

Kodak made contributions (funded plans) or paid net benefits (unfunded plans) totaling approximately $22 million relating to its defined benefit pension and postretirement benefit plans in 2015. For 2016, the forecasted contribution (funded plans) and net benefit payment (unfunded plans) requirements for its defined benefit pension and postretirement plans are approximately $19 million.

Cash flows from investing activities included $43 million for capital expenditures for the year ended December 31, 2015. Kodak expects approximately $20 to $25 million of cash flows for investing activities from capital expenditures for the year ended December 31, 2016. Additionally, Kodak intends to utilize a variety of methods to finance customer equipment purchases in the future, including expansion of third party finance programs and internal financing through both leasing and installment loans.

Kodak believes that its liquidity position is adequate to fund its operating and investing needs and to provide the flexibility to respond to further changes in the business environment. See Item 1A. “Risk Factors” for a discussion of potential challenges to liquidity.

Refer to Note 8, “Short-Term Borrowings and Long-Term Debt,” in the Notes to Financial Statements for further discussion of long-term debt, related maturities and interest rates as of December 31, 2015 and December 31, 2014.

Contractual Obligations

The impact that contractual obligations from continuing operations are expected to have on Kodak’s cash flow in future periods is as follows:

	Total		As of December 31, 2015
(in millions)			2016		2017		2018		2019		2020		2021+
Long-term debt (1)	$	687	$	4	$	4	$	4	$	397	$	276	$	2
Interest payments on debt		262		64		65		62		51		20		—
Operating lease obligations		82		25		20		14		11		9		3
Purchase obligations (2)		14		7		5		2		—		—		—
Total (3) (4) (5) (6) (7)	$	1,045	$	100	$	94	$	82	$	459	$	305	$	5

⁽¹⁾  Primarily represents the maturity values of Kodak’s long-term debt obligations as of December 31, 2015. Annual amounts represent the minimum principal payments owed each year. The contractual obligations do not reflect any contingent mandatory annual principal repayments that may be required to be made upon achieving certain excess cash flow targets, as defined in the Term Credit Agreements. Other prepayments may be required upon the occurrences of certain other events. Refer to Note 8, “Short-Term Borrowings and Long-Term Debt,” in the Notes to Financial Statements. The Company’s ABL Credit Agreement matures in September 2018. If the ABL Credit Agreement is not extended, renewed or replaced the Company would be required to cash collateralize letters of credit issued and outstanding under this facility. As of December 31, 2015 there were $118 million of letters of credit issued and outstanding.

⁽²⁾  Purchase obligations include agreements related to raw materials, supplies, production and administrative services, as well as marketing and advertising, that are enforceable and legally binding on Kodak and that specify all significant terms, including: fixed or minimum quantities to be purchased; fixed, minimum or variable price provisions; and the approximate timing of the transaction. Purchase obligations exclude agreements that are cancelable without penalty.

⁽³⁾  Due to uncertainty regarding the completion of tax audits and possible outcomes, an estimate of the timing of payments related to uncertain tax positions and interest cannot be made. See Note 14, “Income Taxes,” in the Notes to Financial Statements for additional information regarding Kodak’s uncertain tax positions.

⁽⁴⁾  Contractual obligations associated with discontinued operations are not included.

⁽⁵⁾  Funding requirements for Kodak’s major defined benefit retirement plans and other postretirement benefit plans have not been determined, therefore, they have not been included.

18

⁽⁶⁾  Because timing of their future cash outflows are uncertain, the other long-term liabilities presented in Note 7, “Other Long-Term Liabilities,” in the Notes to Financial Statements are excluded from this table.

⁽⁷⁾  On the Effective Date, Kodak consummated the sale of certain assets of the PI/DI Business to the KPP Purchasing Parties. Up to $35 million in aggregate of the purchase price is subject to repayment to the KPP Purchasing Parties if the PI/DI Business does not achieve certain annual adjusted EBITDA targets over the four-year period ending December 31, 2018. The maximum amount that could be owed in each year of the four-year period is as follows: $4 million in 2016, $7 million in 2017, $10 million in 2018 and $14 million in 2019. Due to uncertainty regarding the level of annual adjusted EBITDA for the PI/DI Business, no payments have been included in the table. Refer to Note 24, “Emergence from Voluntary Reorganization under Chapter 11 Proceedings.”

Off-Balance Sheet Arrangements

EKC guarantees obligations to third parties for some of its consolidated subsidiaries. The maximum amount guaranteed is $17 million and the outstanding amount for those guarantees is $6 million.

Kodak issues indemnifications in certain instances when it sells businesses and real estate, and in the ordinary course of business with its customers, suppliers, service providers and business partners. Further, the Company indemnifies its directors and officers who are, or were, serving at the Company’s request in such capacities. Historically, costs incurred to settle claims related to these indemnifications have not been material to Kodak’s financial position, results of operations or cash flows. Additionally, the fair value of the indemnifications that Kodak issued during the year ended December 31, 2015 was not material to Kodak’s financial position, results of operations or cash flows.

2014

Cash Flow Activity

	As of December 31,
(in millions)	2014		2013
Cash and cash equivalents	$	712	$	844

Sources and uses of cash at emergence (including divesture of the Personalized Imaging and Document Imaging businesses) follow:

Sources:
Net Proceeds from Emergence Credit Facilities	$	664
Proceeds from divestiture		325
Proceeds from Rights Offerings		406
Total sources			$	1,395
Uses:
Repayment of Junior DIP Term Loans	$	844
Repayment of Second Lien Notes		375
Claims paid at emergence		94
Funding of escrow accounts		113
Other fees & expenses		16
Total uses				1,442
Net uses			$	(47	)

(in millions)	Successor						Predecessor			Computed Change vs 2013 (2013 Combined)
	Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Cash flows from operating activities:
Net cash used in operating activities	$	(128	)	$	(102	)	$	(565	)	$	539
Cash flows from investing activities:
Net cash provided by investing activities		41			81			679			(719	)
Cash flows from financing activities:
Net cash (used in) provided by financing activities		(7	)		(38	)		(328	)		359
Effect of exchange rate changes on cash		(38	)		5			(23	)		(20	)
Net (decrease) increase in cash and cash equivalents	$	(132	)	$	(54	)	$	(237	)	$	159

19

Operating Activities

Net cash used in operating activities improved by $539 million for the year ended December 31, 2014 as compared with the prior year primarily due to improved earnings impacting cash flow from operations, reflecting higher intellectual property licensing income, lower payments associated with the reorganization and lower interest payments. Higher interest payments in 2013 were due to payments made in that year for interest accrued but unpaid in 2012, higher outstanding debt balances and higher average interest rates prior to emergence. The improvements in cash flow from operations were partially offset by the $49 million funding of the Eastman Business Park Trust in the current year.

Investing Activities

Net cash provided by investing activities decreased $719 million for the year ended December 31, 2014 as compared with the prior year primarily due to the $820 million of proceeds from the 2013 sales of the digital imaging patent portfolio and the Personalized Imaging and Document Imaging businesses partially offset by the release of restricted cash accounts funded in 2013.

Financing Activities

Net cash used in financing activities decreased $359 million for the year ended December 31, 2014 as compared with the prior year due to the $811 million net pay-down of debt in 2013, partially offset by the $406 million proceeds from the rights offering and the $35 million contingent cash received with the sale of the Personalized Imaging and Document Imaging businesses.

SUMMARY OF OPERATING DATA

A summary of operating data for 2015 and for the four years prior is shown in Exhibit 99.2 to the Current Report on Form 8-K to which this document is an exhibit.

20

EX-99.4

Exhibit 99.4

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

Report of Independent Registered Public Accounting Firm

To the Board of Directors and Shareholders of Eastman Kodak Company

In our opinion, the accompanying consolidated statement of financial position as of December 31, 2015 and 2014 and the related consolidated statements of operations, of comprehensive (loss) income, of equity (deficit) and of cash flows for the years ended December 31, 2015 and 2014, and for the four months ended December 31, 2013 present fairly, in all material respects, the financial position of Eastman Kodak Company and its subsidiaries (Successor) at December 31, 2015 and 2014 and the results of their operations and their cash flows for each of the two years in the period ended December 31, 2015 and the four months ended December 31, 2013 in conformity with accounting principles generally accepted in the United States of America. In addition, in our opinion, the financial statement schedule of valuation and qualifying accounts appearing under Item 15 for the year ended December 31, 2015 and 2014, and for the four months ended December 31, 2013 presents fairly, in all material respects, the information set forth therein when read in conjunction with the related consolidated financial statements. Also in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2015, based on criteria established in Internal Control–Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). The Company’s management is responsible for these financial statements and financial statement schedule, for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting, included in Management’s Report on Internal Control over Financial Reporting appearing under Item 9A. Our responsibility is to express opinions on these financial statements, on the financial statement schedule, and on the Company’s internal control over financial reporting based on our integrated audits. We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement and whether effective internal control over financial reporting was maintained in all material respects. Our audits of the financial statements included examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our audit of internal control over financial reporting included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. Our audits also included performing such other procedures as we considered necessary in the circumstances. We believe that our audits provide a reasonable basis for our opinions.

As discussed in Note 1 to the consolidated financial statements, the United States Bankruptcy Court for the Southern District of New York confirmed the Company’s revised First Amended Joint Chapter 11 Plan of Reorganization of Eastman Kodak Company and its Debtor Affiliates (as revised, the “Plan”) on August 23, 2013. Confirmation of the plan resulted in the discharge of certain claims against the Company that arose before January 19, 2012 and substantially alters rights and interests of equity security holders as provided for in the plan. The plan was substantially consummated on September 3, 2013 and the Company emerged from bankruptcy. In connection with its emergence from bankruptcy, the Company adopted fresh start accounting as of September 1, 2013.

A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

/s/ PricewaterhouseCoopers LLP

Rochester, New York

March 15, 2016, except with respect to our opinion on the consolidated financial statements insofar as it relates to the discontinued operations and assets held for sale related to the Kodak Prosper Business described in Note 27 as to which the date is August 9,2016.

Report of Independent Registered Public Accounting Firm

To the Board of Directors and Shareholders of Eastman Kodak Company

In our opinion, the accompanying consolidated statements of operations, of comprehensive (loss) income, of equity (deficit) and of cash flows for the eight months ended August 31, 2013 present fairly, in all material respects, the results of operations and cash flows of Eastman Kodak Company and its subsidiaries (Predecessor) for the eight months ended August 31, 2013 in conformity with accounting principles generally accepted in the United States of America. In addition, in our opinion, the financial statement schedule of valuation and qualifying accounts appearing under Item 15 for the eight months ended August 31, 2013 presents fairly, in all material respects, the information set forth therein when read in conjunction with the related consolidated financial statements. These financial statements and financial statement schedule are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements and financial statement schedule based on our audits. We conducted our audits of these statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinions.

As discussed in Note 1 to the consolidated financial statements, the Company filed a petition on January 19, 2012 with the United States Bankruptcy Court for the Southern District of New York for reorganization under the provisions of Chapter 11 of the Bankruptcy Code. The Company’s revised First Amended Joint Chapter 11 Plan of Reorganization of Eastman Kodak Company and its Debtor Affiliates (as revised, the “Plan”) was substantially consummated on September 3, 2013 and the Company emerged from bankruptcy. In connection with its emergence from bankruptcy, the Company adopted fresh start accounting.

/s/ PricewaterhouseCoopers LLP

Rochester, New York

March 19, 2014, except with respect to our opinion on the consolidated financial statements insofar as it relates to the discontinued operations and assets held for sale related to the Kodak Prosper Business described in Note 27 as to which the date is August 9, 2016.

2

EASTMAN KODAK COMPANY

CONSOLIDATED STATEMENT OF OPERATIONS

(in millions, except per share data)

	Successor									Predecessor
	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Revenues
Sales	$	1,379		$	1,686		$	653		$	1,238
Services		330			360			129			270
Total net revenues		1,709			2,046			782			1,508
Cost of revenues
Sales		1,105			1,328			561			924
Services		226			258			103			204
Total cost of revenues		1,331			1,586			664			1,128
Gross profit		378			460			118			380
Selling, general and administrative expenses		204			284			105			281
Research and development costs		44			64			21			44
Restructuring costs and other		37			56			17			43
Other operating expense (income), net		2			9			2			(495	)
Earnings (loss) from continuing operations before interest expense, loss on early extinguishment of debt, net, other (charges) income, net, reorganization items, net and income taxes		91			47			(27	)		507
Interest expense		63			62			22			106
Loss on early extinguishment of debt, net		—			—			—			8
Other (charges) income, net		(21	)		(21	)		10			(13	)
Reorganization items, net		5			13			16			(2,026	)
Earnings (loss) from continuing operations before income taxes		2			(49	)		(55	)		2,406
Provision for income taxes		30			10			8			156
(Loss) earnings from continuing operations		(28	)		(59	)		(63	)		2,250
Loss from discontinued operations, net of income taxes		(47	)		(59	)		(15	)		(184	)
NET (LOSS) EARNINGS		(75	)		(118	)		(78	)		2,066
Less: Net income attributable to noncontrolling interests		5			5			3			—
NET (LOSS) EARNINGS ATTRIBUTABLE TO EASTMAN KODAK COMPANY	$	(80	)	$	(123	)	$	(81	)	$	2,066
Basic and diluted (loss) earnings per share attributable to Eastman Kodak Company common shareholders:
Continuing operations	$	(0.79	)	$	(1.54	)	$	(1.58	)	$	8.25
Discontinued operations		(1.12	)		(1.41	)		(0.36	)		(0.67	)
Total	$	(1.91	)	$	(2.95	)	$	(1.94	)	$	7.58
Number of common shares used in basic and diluted (loss) earnings per share		41.9			41.7			41.7			272.7

The accompanying notes are an integral part of these consolidated financial statements.

3

EASTMAN KODAK COMPANY

CONSOLIDATED STATEMENT OF COMPREHENSIVE (LOSS) INCOME

(in millions)

	Successor									Predecessor
	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
NET (LOSS) EARNINGS	$	(75	)	$	(118	)	$	(78	)	$	2,066
Less: net income attributable to noncontrolling interests		5			5			3			—
Net (loss) earnings attributable to Eastman Kodak Company		(80	)		(123	)		(81	)		2,066
Other comprehensive (loss) income, net:
Currency translation adjustments		(35	)		(33	)		1			4
Reclassification of realized losses on available-for-sale securities included in net earnings, net of tax		2			—			—			—
Pension and other postretirement benefit plan obligation activity, net of tax		(98	)		(202	)		98			1,604
Other comprehensive (loss) income, net attributable to Eastman Kodak Company		(131	)		(235	)		99			1,608
COMPREHENSIVE (LOSS) INCOME, NET ATTRIBUTABLE TO EASTMAN KODAK COMPANY	$	(211	)	$	(358	)	$	18		$	3,674

The accompanying notes are an integral part of these consolidated financial statements.

4

EASTMAN KODAK COMPANY

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

(in millions)

	As of December 31,
	2015			2014
ASSETS
Cash and cash equivalents	$	546		$	712
Receivables, net		350			402
Inventories, net		263			292
Deferred income taxes		22			31
Other current assets		25			28
Current assets held for sale		72			85
Total current assets		1,278			1,550
Property, plant and equipment, net of accumulated depreciation of $314 and $223, respectively		394			501
Goodwill		88			96
Intangible assets, net		119			140
Restricted cash		43			37
Deferred income taxes		23			38
Other long-term assets		122			128
Long-term assets held for sale		71			66
TOTAL ASSETS	$	2,138		$	2,556
LIABILITIES AND EQUITY
Accounts payable, trade	$	186		$	205
Short-term borrowings and current portion of long-term debt		4			5
Other current liabilities		247			349
Current liabilities held for sale		22			39
Total current liabilities		459			598
Long-term debt, net of current portion		673			672
Pension and other postretirement liabilities		619			657
Other long-term liabilities		277			322
Long-term liabilities held for sale		7			8
Total liabilities		2,035			2,257
Commitments and contingencies (Note 9)
Equity
Common stock, $0.01 par value		—			—
Additional paid in capital		633			621
Treasury stock, at cost		(5	)		(4	)
Accumulated deficit		(283	)		(204	)
Accumulated other comprehensive (loss) income		(267	)		(136	)
Total Eastman Kodak Company shareholders’ equity		78			277
Noncontrolling interests		25			22
Total equity		103			299
TOTAL LIABILITIES AND EQUITY	$	2,138		$	2,556

The accompanying notes are an integral part of these consolidated financial statements.

5

EASTMAN KODAK COMPANY

CONSOLIDATED STATEMENT OF EQUITY (DEFICIT)

(in millions, except share data)

	Eastman Kodak Company Shareholders
	Common Stock			Additional Paid in Capital			Retained Earnings (Accumulated Deficit)			Accumulated Other Comprehensive Income (Loss)			Treasury Stock			Total			Noncontrolling Interests		Total
Equity (deficit) as of December 31, 2012 (Predecessor)	$	978		$	1,105		$	2,600		$	(2,616	)	$	(5,746	)	$	(3,679	)	$	2	$	(3,677	)
Net income		—			—			2,066			—			—			2,066			—		2,066
Other comprehensive income (net of tax):
Currency translation adjustments		—			—			—			4			—			4			—		4
Pension and other postretirement liability adjustments		—			—			—			1,604			—			1,604			—		1,604
Total other comprehensive income		—			—			—			1,608			—			1,608			—		1,608
Stock-based compensation		—			3			—			—			—			3			—		3
Issuance of treasury stock, net (446,501 shares) (1)		—			(3	)		(32	)		—			35			—			—		—
Equity as of August 31, 2013 (Predecessor)		978			1,105			4,634			(1,008	)		(5,711	)		(2	)		2		—
Investment in variable interest entity		—			—			—			—			—			—			8		8
Cancellation of Predecessor Company equity		(978	)		(1,105	)		(4,634	)		1,008			5,711			2			—		2
Equity as of August 31, 2013 (Predecessor)	$	—		$	—		$	—		$	—		$	—		$	—		$	10	$	10
Equity as of August 31, 2013 (Predecessor)	$	—		$	—		$	—		$	—		$	—		$	—		$	10	$	10
Issuance of Successor Company common stock		—			613			—			—			—			613			—		613
Equity as of September 1, 2013 (Successor)		—			613			—			—			—			613			10		623
Equity transactions with noncontrolling interest		—			—			—			—			—			—			7		7
Net (loss) income		—			—			(81	)		—			—			(81	)		3		(78	)
Other comprehensive income (net of tax):
Currency translation adjustments		—			—			—			1			—			1			—		1
Pension and other postretirement liability adjustments		—			—			—			98			—			98			—		98
Stock-based compensation		—			1			—			—			—			1			—		1
Purchases of treasury stock, net (152,746 shares) (3)		—			(1	)		—			—			(3	)		(4	)		—		(4	)
Equity as of December 31, 2013 (Successor)	$	—		$	613		$	(81	)	$	99		$	(3	)	$	628		$	20	$	648

The accompanying notes are an integral part of these consolidated financial statements.

6

EASTMAN KODAK COMPANY

CONSOLIDATED STATEMENT OF EQUITY (DEFICIT) (Continued)

(in millions, except share data)

	Eastman Kodak Company Shareholders
	Common Stock (2)		Additional Paid in Capital		Retained Earnings (Accumulated Deficit)			Accumulated Other Comprehensive Income (Loss)			Treasury Stock			Total			Noncontrolling Interests			Total
Equity as of December 31, 2013 (Successor)	$	—	$	613	$	(81	)	$	99		$	(3	)	$	628		$	20		$	648
Equity transactions with noncontrolling interest		—		—		—			—			—			—			(3	)		(3	)
Net (loss) income		—		—		(123	)		—			—			(123	)		5			(118	)
Other comprehensive income (net of tax):
Currency translation adjustments		—		—		—			(33	)		—			(33	)		—			(33	)
Pension and other postretirement liability adjustments		—		—		—			(202	)		—			(202	)		—			(202	)
Stock-based compensation		—		8		—			—			—			8			—			8
Purchases of treasury stock, (44,911 shares) (3)		—		—		—			—			(1	)		(1	)		—			(1	)
Equity (deficit) as of December 31, 2014 (Successor)	$	—	$	621	$	(204	)	$	(136	)	$	(4	)	$	277		$	22		$	299
Equity transactions with noncontrolling interest		—		—		1			—			—			1			(2	)		(1	)
Net (loss) income		—		—		(80	)		—			—			(80	)		5			(75	)
Other comprehensive income (net of tax):
Currency translation adjustments		—		—		—			(35	)		—			(35	)		—			(35	)
Reclassification of realized losses on available-for-sale securities included in net earnings, net of tax		—		—		—			2			—			2			—			2
Pension and other postretirement liability adjustments		—		—		—			(98	)		—			(98	)		—			(98	)
Stock-based compensation		—		12		—			—			—			12			—			12
Purchases of treasury stock, (84,678 shares) (3)		—		—		—			—			(1	)		(1	)		—			(1	)
Equity (deficit) as of December 31, 2015 (Successor)	$	—	$	633	$	(283	)	$	(267	)	$	(5	)	$	78		$	25		$	103

⁽¹⁾  Includes stock awards issued, offset by shares surrendered for taxes.

⁽²⁾  There are 60 million shares of no par value preferred stock authorized, none of which have been issued.

⁽³⁾  Represents purchases of common stock and/ or warrants to satisfy tax withholding obligations.

The accompanying notes are an integral part of these consolidated financial statements.

7

EASTMAN KODAK COMPANY

CONSOLIDATED STATEMENT OF CASH FLOWS

(in millions)

	Successor									Predecessor
	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Cash flows from operating activities:
Net (loss) earnings	$	(75	)	$	(118	)	$	(78	)	$	2,066
Adjustments to reconcile to net cash used in operating activities:
Depreciation and amortization		145			199			75			118
Pension and other postretirement (income) expense		(107	)		(78	)		(61	)		145
Stock based compensation		18			8			1			3
Change in U.S. vacation benefits		(17	)		—			—			—
Net gains on sales of businesses/assets		(4	)		(23	)		(6	)		(407	)
Gain on assets acquired for no monetary consideration		(3	)		—			—			—
Foreign exchange loss from remeasurement of Venezuela monetary assets		—			16			—			—
Loss on early extinguishment of debt		—			—			—			8
Non-cash restructuring costs, asset impairments and other charges		9			13			9			81
Reorganization items:
Non-cash reorganization gain		—			—			—			(1,964	)
Payment of claims		(10	)		(2	)		—			(94	)
Fresh start adjustments, net		—			—			—			(302	)
Other non-cash reorganization items, net		4			8			3			119
Provision (benefit) for deferred income taxes		6			5			(2	)		448
Decrease (increase) in receivables		15			143			(72	)		105
Decrease (increase) in inventories		12			4			147			(27	)
Decrease in liabilities excluding borrowings		(109	)		(307	)		(105	)		(595	)
Other items, net		21			4			(13	)		(269	)
Total adjustments		(20	)		(10	)		(24	)		(2,631	)
Net cash used in operating activities		(95	)		(128	)		(102	)		(565	)
Cash flows from investing activities:
Additions to properties		(43	)		(43	)		(21	)		(18	)
Net proceeds from sales of businesses/assets , net		2			18			9			827
(Funding) use of restricted cash		(10	)		68			93			(134	)
Marketable securities - sales		—			—			—			21
Marketable securities - purchases		—			(2	)		—			(17	)
Net cash (used in) provided by investing activities		(51	)		41			81			679
Cash flows from financing activities:
Repayment of emergence credit facilities		(4	)		(4	)		(2	)		—
Net proceeds of other borrowings		5			1			—			—
Equity transactions of noncontrolling interests		(1	)		(3	)		7			—
Treasury stock purchases		(1	)		(1	)		(3	)		—
Proceeds from Emergence credit facilities		—			—			—			664
Proceeds from Senior and Junior DIP Credit Agreements		—			—			—			450
Repayment of other borrowings		—			—			(40	)		(375	)
Repayment of term loans under Original Senior DIP Credit Agreement		—			—			—			(664	)
Repayment of term loans under Junior DIP Credit Agreement		—			—			—			(844	)
Proceeds from Rights Offerings		—			—			—			406
Contingent consideration received with sale of business		—			—			—			35
Net cash used in financing activities		(1	)		(7	)		(38	)		(328	)
Effect of exchange rate changes on cash		(18	)		(38	)		5			(23	)
Net decrease in cash and cash equivalents		(165	)		(132	)		(54	)		(237	)
Cash and cash equivalents, beginning of period		712			844			898			1,135
Cash and cash equivalents, end of period (1)	$	547		$	712		$	844		$	898

The accompanying notes are an integral part of these consolidated financial statements.

8

EASTMAN KODAK COMPANY

CONSOLIDATED STATEMENT OF CASH FLOWS (Continued)

SUPPLEMENTAL CASH FLOW INFORMATION

(in millions)

	Successor						Predecessor
	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
Cash paid for interest and income taxes was:
Interest, net of portion capitalized of $2 as of December 31, 2015, $3 as of December 31, 2014 and $0 as of December 31, 2013 and August 31, 2013.	$	60	$	65	$	22	$	179
Income taxes (net of refunds)		12		14		18		34

⁽¹⁾  Cash and cash equivalents, end of period includes $546 million of cash reported in the Statement of Financial Position and $1 million of cash reported in Current assets held for sale. There is no cash reported in Current assets held for sale at the beginning or end of any other period.

The accompanying notes are an integral part of these consolidated financial statements.

9

EASTMAN KODAK COMPANY

NOTES TO FINANCIAL STATEMENTS

NOTE 1: BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION

On January 19, 2012 (the “Petition Date”), Eastman Kodak Company (“EKC” or the “Company”) and its U.S. subsidiaries (collectively, the “Debtors”) filed voluntary petitions for relief under chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”). The cases (the “Chapter 11 Cases”) were jointly administered as Case No. 12-10202 (ALG) under the caption “In re Eastman Kodak Company.” The Debtors operated their businesses as “debtors-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of chapter 11 of the Bankruptcy Code and the orders of the Bankruptcy Court until their emergence from bankruptcy. The Company’s foreign subsidiaries were not part of the Chapter 11 Cases, and continued to operate in the ordinary course of business.

Upon emergence from bankruptcy on September 3, 2013, Kodak adopted fresh-start accounting which resulted in Kodak becoming a new entity for financial reporting purposes. Kodak applied fresh start accounting as of September 1, 2013. Accordingly, the consolidated financial statements on or after September 1, 2013 are not comparable to the consolidated financial statements prior to that date. Refer to Note 25, “Fresh Start Accounting” for additional information.

Subsequent to the Petition Date, all expenses, gains and losses directly associated with the reorganization proceedings are reported as Reorganization items, net in the accompanying Consolidated Statement of Operations. In addition, Liabilities subject to compromise during the chapter 11 proceedings were distinguished from liabilities of the Company’s foreign subsidiaries that were not part of the Chapter 11 Cases, fully-secured liabilities that were not expected to be compromised and from post-petition liabilities in the accompanying Consolidated Statement of Financial Position.

References to “Successor” or “Successor Company” relate to the reorganized Kodak subsequent to September 3, 2013. References to “Predecessor” or “Predecessor Company” relate to Kodak prior to September 3, 2013.

Reclassifications

Certain amounts for prior periods have been reclassified to conform to the current period classification due to Kodak’s new organization structure as of January 1, 2015, for a change in the segment measure of profitability and due to the presentation of the Prosper Business as discontinued operations and assets held for sale. In addition to the changes in segment reporting under the new organization structure, tenant rental income for Eastman Business Park previously reported in Cost of Revenues is reported in Revenues. Refer to Note 23, “Segment Information” for more information about these changes.

ACCOUNTING PRINCIPLES

The consolidated financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The following is a description of the significant accounting policies of Kodak.

BASIS OF CONSOLIDATION

The consolidated financial statements include the accounts of EKC and all companies directly or indirectly controlled by EKC, either through majority ownership or otherwise (collectively “Kodak”). Kodak consolidates variable interest entities if Kodak has a controlling financial interest and is determined to be the primary beneficiary of the entity.

Kodak is the primary beneficiary of a utilities variable interest entity, RED-Rochester, LLC (“RED”). Therefore, Kodak consolidates RED’s assets, liabilities and results of operations. Consolidated assets and liabilities of RED are $69 million and $13 million, respectively, as of December 31, 2015 and $77 million and $11 million, respectively, as of December 31, 2014. RED’s equity in those net assets as of December 31, 2015 and 2014 is $25 million and $21 million, respectively. RED’s results of operations are reflected in net income attributable to noncontrolling interest in the accompanying Consolidated Statement of Operations.

USE OF ESTIMATES

The preparation of financial statements in conformity with U.S. GAAP accounting requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of commitments and contingencies at year end, and the reported amounts of revenues and expenses during the reporting periods presented. Actual results could differ from these estimates.

10

FOREIGN CURRENCY

For most subsidiaries and branches outside the U.S., the local currency is the functional currency. The financial statements of these subsidiaries and branches are translated into U.S. dollars as follows: assets and liabilities at year-end exchange rates; revenue, expenses and cash flows at average exchange rates; and shareholders’ equity at historical exchange rates. For those subsidiaries for which the local currency is the functional currency, the resulting translation adjustment is recorded as a component of Accumulated other comprehensive (loss) income in the accompanying Consolidated Statement of Financial Position. Translation adjustments related to investments that are permanent in nature are not tax-effected.

For certain other subsidiaries and branches outside the U.S., operations are conducted primarily in U.S. dollars, which is therefore the functional currency. Monetary assets and liabilities of these foreign subsidiaries and branches, which are recorded in local currency, are remeasured at year-end exchange rates, while the related revenue, expense, and gain and loss accounts, which are recorded in local currency, are remeasured at average exchange rates. Non-monetary assets and liabilities, and the related revenue, expense, and gain and loss accounts, are remeasured at historical exchange rates. Adjustments that result from the remeasurement of the assets and liabilities of these subsidiaries are included in Other (charges) income, net in the accompanying Consolidated Statement of Operations.

The effects of foreign currency transactions, including related hedging activities, are included in Other (charges) income, net, in the accompanying Consolidated Statement of Operations.

Venezuela Currency

Kodak has accounted for the Venezuelan economy as highly inflationary since 2010. Accordingly, Kodak’s Venezuelan subsidiary uses the U.S. dollar as its functional currency, and monetary assets and liabilities denominated in BsF generate income or expense for changes in value associated with foreign currency exchange rate fluctuations against the U.S. dollar. Kodak’s Venezuelan subsidiary does not have ongoing trading activity.

The Venezuelan government has maintained currency controls and a fixed official exchange rate since 2003. The official exchange rate at December 31, 2015 and 2014 was 6.3 Venezuelan Bolivars Fuertes (“BsF”) to the U.S. dollar. In 2013, the Venezuelan government announced the creation of a complementary currency exchange system, referred to as “SICAD 1.” SICAD 1 was determined by an auction process restricted to invited entities for designated uses. At December 31, 2014, the SICAD 1 exchange rate was 12.0 BsF to the U.S. Dollar. In 2014, the Venezuelan government created another currency exchange system known as “SICAD 2,” indicating that all industry sectors and companies would be eligible to participate in SICAD 2. Transactions in SICAD 2 were regulated by the Venezuelan Central Bank. Entities were required to submit applications to convert BsF to U.S. dollars under SICAD 2. The SICAD 2 exchange rate as of December 31, 2014 was 49.99 BsF to the U.S. dollar.

Given increased uncertainty in Venezuela, Kodak adopted the SICAD 2 rate to remeasure BsF denominated monetary assets and liabilities of its Venezuelan subsidiary to the U.S. dollar as of December 31, 2014. As a result of this change from the official exchange rate, Kodak recorded a charge of $16 million in other (charges), income net in the fourth quarter of 2014.

In 2015, the Venezuelan government merged the SICAD 1 and SICAD 2 exchange mechanisms into a single mechanism called SICAD and introduced a new open market system, “SIMADI.” The SIMADI market is intended to have a floating exchange rate determined by market participants. Kodak adopted the SIMADI rate to remeasure BsF denominated monetary assets and liabilities of its Venezuelan subsidiary to the U.S. dollar as of March 31, 2015. The SIMADI exchange rate at March 31, 2015 was 191.97 BsF to the U.S. dollar. As a result of the change from the SICAD 2 rate, Kodak recorded a charge of $2 million in other (charges), income net in the first quarter of 2015. The SIMADI exchange rate as of December 31, 2015 was 198.7 BsF to the U.S. dollar.

As of December 31, 2015 and December 31, 2014, Kodak’s Venezuelan subsidiary had approximately $1 million and $2 million, respectively, of BsF denominated net monetary assets, composed primarily of cash and cash equivalents.

CONCENTRATION OF CREDIT RISK

Financial instruments that potentially subject Kodak to significant concentrations of credit risk consist principally of cash and cash equivalents, receivables, and derivative instruments. Kodak places its cash and cash equivalents with high-quality financial institutions and limits the amount of credit exposure to any one institution. With respect to receivables, such receivables arise from sales to numerous customers in a variety of industries, markets, and geographies around the world. Receivables arising from these sales are generally not collateralized. Kodak performs ongoing credit evaluations of its customers’ financial condition, and maintains reserves for potential credit losses and such losses, in the aggregate, have not exceeded management’s expectations. Counterparties to the derivative instrument contracts are major financial institutions. Kodak has not experienced non-performance by any of its derivative instruments counterparties.

11

CASH EQUIVALENTS

All highly liquid investments with a remaining maturity of three months or less at date of purchase are considered to be cash equivalents.

INVENTORIES

Inventories are stated at the lower of cost or market. The cost of all of Kodak’s inventories is determined by the average cost method, which approximates current cost. Kodak provides inventory reserves for excess, obsolete or slow-moving inventory based on changes in customer demand, technology developments or other economic factors.

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment are recorded at cost, net of accumulated depreciation with the exception of property, plant and equipment owned as of the application of fresh start accounting. Kodak capitalizes additions and improvements while maintenance and repairs are charged to expense as incurred. Upon sale or other disposition, the applicable amounts of asset cost and accumulated depreciation are removed from the accounts and the net amount, less proceeds from disposal, is charged or credited to net (loss) earnings. In connection with fresh start accounting, property, plant and equipment were adjusted to their estimated fair value and depreciable lives were revised as of September 1, 2013. Refer to Note 25, “Fresh Start Accounting.”

Kodak calculates depreciation expense using the straight-line method over the assets’ estimated useful lives, which are as follows:

	Successor Company	As of September 1, 2013
Buildings and building improvements	5-40	1-38
Land improvements	20	1-20
Leasehold improvements	3-20	1-10
Equipment	3-15	1-20
Tooling	1-3	1-3
Furniture and fixtures	5-10	1-10

Kodak depreciates leasehold improvements over the shorter of the lease term or the asset’s estimated useful life.

Equipment subject to operating leases is included in Property, plant and equipment, net in the Consolidated Statement of Financial Position. Equipment subject to operating leases consists of equipment rented to customers and is depreciated to estimated salvage value over its expected useful life. Equipment operating lease terms and depreciable lives generally vary from 3 to 7 years.

GOODWILL

Goodwill reported in the Successor period represents the reorganizational value of assets in excess of amounts allocated to identified tangible and intangible assets. Refer to Note 25, “Fresh Start Accounting.” Goodwill is not amortized, but is required to be assessed for impairment at least annually and whenever events or changes in circumstances occur that would more likely than not reduce the fair value of the reporting unit below its carrying amount. Kodak performed the annual test of impairment as of October 1, 2015 for all its reporting units and updated its analysis as of December 31, 2015 due to the change in the annual goodwill impairment test date from October 1 to December 31.

When testing goodwill for impairment, Kodak may assess qualitative factors for some or all of its reporting units to determine whether it is more likely than not (that is, a likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying amount, including goodwill. If Kodak determines based on this qualitative test of impairment that it is more likely than not that a reporting unit’s fair value is less than its carrying amount, or elects to bypass the qualitative assessment for some or all of its reporting units, then a two-step goodwill impairment test is performed to test for a potential impairment of goodwill (step 1) and if potential losses are identified, to measure the impairment loss (step 2). Determining the fair value of a reporting unit involves the use of significant estimates and assumptions. Refer to Note 5, “Goodwill and Other Intangible Assets”.

WORKERS COMPENSATION

Kodak self insures and participates in high-deductible insurance programs with retention and per occurrence deductible levels for claims related to workers compensation. The estimated liability for workers compensation is based on actuarially estimated, discounted cost of claims, including claims incurred but not reported. Historical loss development factors are utilized to project the future development of incurred losses, and the amounts are adjusted based on actual claim experience, settlements, claim development trends, changes in state regulations and judicial interpretations. Amounts recoverable from insurance companies or third parties are estimated using historical experience and estimates of future recoveries. Estimated recoveries are not offset against the related accrual.

12

REVENUE

Kodak’s revenue transactions include sales of products (such as components and consumables for use in Kodak and other manufacturers’ equipment and film based products); equipment; software; services; integrated solutions; and intellectual property and brand licensing. Kodak recognizes revenue when realized or realizable and earned, which is when the following criteria are met: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the sales price is fixed or determinable; and (4) collectability is reasonably assured. At the time revenue is recognized, Kodak provides for the estimated costs of customer incentive programs, warranties and estimated returns and reduces revenue accordingly. For those incentives that require the estimation of sales volumes or redemption rates, such as for volume rebates, Kodak uses historical experience and internal and customer data to estimate the sales incentive at the time revenue is recognized. Kodak accrues the estimated cost of post-sale obligations, including basic product warranties, based on historical experience at the time Kodak recognizes revenue.

For product sales, the revenue recognition criteria are generally met when title and risk of loss have transferred from Kodak to the buyer, which may be upon shipment or upon delivery to the customer site, based on contract terms or legal requirements in certain jurisdictions.

For equipment sales, the recognition criteria are generally met when the equipment is delivered and installed at the customer site. Revenue is recognized for equipment upon delivery as opposed to upon installation when the equipment has stand-alone value to the customer, and the amount of revenue allocable to the equipment is not legally contingent upon the completion of the installation. In instances in which the agreement with the customer contains a customer acceptance clause, revenue is deferred until customer acceptance is obtained, provided the customer acceptance clause is considered to be substantive. For certain agreements, Kodak does not consider these customer acceptance clauses to be substantive because Kodak can and does replicate the customer acceptance test environment and performs the agreed upon product testing prior to shipment. In these instances, revenue is recognized upon installation of the equipment.

Revenue from the sale of software licenses is recognized when (1) Kodak enters into a legally binding arrangement with a customer for the license of software; (2) Kodak delivers the software; (3) customer payment is deemed fixed or determinable and free of contingencies or significant uncertainties; and (4) collection from the customer is probable. Software maintenance and support revenue is recognized ratably over the term of the related maintenance contract.

Revenue from services includes extended warranty, customer support and maintenance agreements, consulting, business process services, training and education. Service revenue is recognized over the contractual period or as services are performed. In service arrangements where final acceptance of a system or solution by the customer is required, revenue is deferred until all acceptance criteria have been met.

The timing and the amount of revenue recognized from the licensing of intellectual property depend upon a variety of factors, including the specific terms of each agreement and the nature of the deliverables and obligations. Revenue is only recognized after all of the following criteria are met: (1) Kodak enters into a legally binding arrangement with a licensee of Kodak’s intellectual property, (2) Kodak delivers the technology or intellectual property rights, (3) licensee payment is deemed fixed or determinable and free of contingencies or significant uncertainties, and (4) collection from the licensee is reasonably assured.

Most of Kodak’s equipment has both software and non-software components that function together to deliver the equipment’s essential functionality and therefore they are accounted for together as non-software deliverables. Non-essential software sold in connection with Kodak’s equipment sales is accounted for as separate deliverables or elements. In most cases, these software products sold as part of a multiple element arrangement include software maintenance agreements as well as unspecified upgrades or enhancements on a when-and-if-available basis. In multiple element arrangements where non-essential software deliverables are included, revenue is allocated to non-software and to software deliverables each as a group based on relative selling prices of each of the deliverables in the arrangement. Revenue allocated to software licenses is recognized when all revenue recognition criteria have been met. Revenue generated from maintenance and unspecified upgrades or updates on a when-and-if-available basis is recognized over the contract period.

RESEARCH AND DEVELOPMENT COSTS

Research and development (“R&D”) costs, which include costs incurred in connection with new product development, fundamental and exploratory research, process improvement, product use technology and product accreditation, are expensed in the period in which they are incurred.

ADVERTISING

Advertising costs are expensed as incurred and are included in Selling, general and administrative expenses in the accompanying Consolidated Statement of Operations. Advertising expenses amounted to $6 million, $10 million, $5 million and $12 million for the years ended December 31, 2015 and December 31, 2014, four months ended December 31, 2013, and for the eight months ended August 31, 2013, respectively.

13

SHIPPING AND HANDLING COSTS

Amounts charged to customers and costs incurred by Kodak related to shipping and handling are included in net sales and cost of sales, respectively.

IMPAIRMENT OF LONG-LIVED ASSETS

The carrying values of long-lived assets, other than goodwill and intangible assets with indefinite useful lives, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying values may not be recoverable. In connection with fresh start accounting, the carrying values of long-lived assets were adjusted to estimated fair value as of September 1, 2013 and Kodak revised its estimates of the remaining useful lives of all long-lived assets. Refer to Note 25, “Fresh Start Accounting.”

The recoverability of the carrying values of long-lived assets is assessed by first grouping long-lived assets with other assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities (the asset group) and, secondly, by estimating the undiscounted future cash flows that are directly associated with and that are expected to arise from the use of and eventual disposition of such asset group. Kodak estimates the undiscounted cash flows over the remaining useful life of the primary asset within the asset group. If the carrying value of the asset group exceeds the estimated undiscounted cash flows, Kodak records an impairment charge to the extent the carrying value of the long-lived asset exceeds its fair value. Kodak determines fair value through quoted market prices in active markets or, if quoted market prices are unavailable, through the performance of internal analyses of discounted cash flows.

The remaining useful lives of long-lived assets are reviewed in connection with the assessment of recoverability of long-lived assets and the ongoing strategic review of the business and operations. If the review indicates that the remaining useful life of the long-lived asset has changed significantly, the depreciation on that asset is adjusted to facilitate full cost recovery over its revised estimated remaining useful life.

The carrying values of indefinite-lived intangible assets are evaluated for potential impairment annually or whenever events or changes in circumstances indicate that it is more likely than not that the asset is impaired. Refer to Note 5, “Goodwill and Other Intangible Assets.”

INCOME TAXES

Kodak recognizes deferred tax liabilities and assets for the expected future tax consequences of operating losses, credit carry-forwards and temporary differences between the carrying amounts and tax basis of Kodak’s assets and liabilities. Kodak records a valuation allowance to reduce its net deferred tax assets to the amount that is more likely than not to be realized. For discussion of the amounts and components of the valuation allowances as of December 31, 2015 and 2014, see Note 14, “Income Taxes.”

The undistributed earnings of Kodak’s foreign subsidiaries are not considered permanently reinvested. Kodak has recognized a deferred tax liability (net of related foreign tax credits) on the foreign subsidiaries’ undistributed earnings.

RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS

In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-07, Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent). ASU 2015-07 removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share expedient. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015 (January 1, 2016 for Kodak) with retrospective application to all periods presented. Kodak early adopted ASU 2015-07 effective December 31, 2015. The retrospective adoption resulted in a reduction in Level 3 assets for the U.S. plans of $1,837 million and $1,721 million at December 31, 2014 and January 1, 2014, respectively, and a reduction in Level 3 assets for the non-U.S. plans of $106 million at both December 31, 2014 and January 1, 2014. In addition, Level 2 assets for the U.S. and non-U.S. plans decreased by $1,761 million and $251 million, respectively, at December 31, 2014. Refer to Note 16, “Retirement Plans.”

In April 2014, the FASB issued ASU 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360).” ASU 2014-08 defines a discontinued operation as a disposal of a component (or group of components) of an entity that was disposed of or is classified as held for sale and represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. ASU 2014-08 expands the disclosures when an entity retains a significant continuing involvement with a discontinued operation as well as for disposals of individually material components that do not qualify as discontinued operations. The amendments in the update were effective prospectively for fiscal years, and interim periods within those years, beginning after December 15, 2014 (January 1, 2015 for Kodak) to new disposals and new disposal groups classified as held for sale after the effective date. The adoption of this guidance did not have a material impact on Kodak’s Consolidated Financial Statements.

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RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). ASU 2016-02 requires lessees to recognize most leases on their balance sheets as lease liabilities with corresponding right-of-use assets and eliminates certain real estate-specific provisions. The new leasing standard is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2018 (January 1, 2019 for Kodak). Early adoption is permitted. Kodak is currently evaluating the impact of this ASU.

In January 2016, the FASB issued ASU 2016-01, Financial Instruments–Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. ASU 2016-01 primarily affects the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. Under the ASU all equity investments in unconsolidated entities (other than those accounted for using the equity method of accounting) will generally be measured at fair value through earnings. In addition, the FASB clarified guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. The classification and measurement guidance will be effective for Kodak beginning January 1, 2018, including interim periods within those fiscal years. Kodak is currently evaluating the impact of this ASU.

In November 2015, the FASB issued ASU 2015-17, Income Taxes (Topic 740) Balance Sheet Classification of Deferred Taxes. ASU 2015-17 amends the accounting for income taxes and requires all deferred tax assets and liabilities to be classified as non-current on the consolidated balance sheet. ASU 2015-17 is effective for fiscal years and interim reporting periods within those years beginning after December 15, 2016 (January 1, 2017 for Kodak), with early adoption permitted in any annual or interim period. ASU 2015-17 may be adopted either prospectively or retrospectively. Kodak is currently evaluating the method of adoption and expects ASU 2015-17 will have an impact on the consolidated balance sheet. The current deferred tax assets in excess of valuation allowance were $22 million as of December 31, 2015.

In April 2015, the FASB issued ASU 2015-03, Imputation of Interest (Sub-Topic 835.30): Simplifying the Presentation of Debt Issuance Costs. ASU 2015-03 requires debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. In August 2015, the FASB issued ASU 2015-15 clarifying the application of this guidance to line of credit arrangements. The amendments in the ASUs are effective retrospectively for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015 (January 1, 2016 for Kodak). Early adoption is permitted for financial statements not previously issued. Kodak does not expect the adoption of this guidance to have a material impact on its Consolidated Financial Statements.

In February 2015, the FASB issued ASU 2015-02, “Consolidation (Topic 810): Amendments to the Consolidation Analysis”. The amendments in ASU 2015-02 change the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. The amendments in this ASU are effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015 (January 1, 2016 for Kodak). Early adoption is permitted, including adoption in an interim period. A reporting entity may apply the amendments in this ASU either retrospectively or use a modified retrospective approach by recording a cumulative-effect adjustment to equity as of the beginning of the fiscal year of adoption. Kodak does not expect the adoption of this guidance to have a material impact on its Consolidated Financial Statements.

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” ASU 2014-09 supersedes the revenue recognition requirements in Topic 605, “Revenue Recognition” and most industry-specific guidance. The core principle of ASU 2014-09 is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In July 2015, the FASB deferred the effective date of ASU 2014-09. The new revenue standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017 (January 1, 2018 for Kodak) and allows either a full retrospective adoption to all periods presented or a modified retrospective adoption approach with the cumulative effect of initial application of the revised guidance recognized at the date of initial application. Kodak is currently evaluating the adoption alternatives and impact of this ASU.

NOTE 2: RECEIVABLES, NET

	As of December 31,
(in millions)	2015		2014
Trade receivables	$	300	$	345
Miscellaneous receivables		50		57
Total (net of allowances of $10 and $11 as of December 31, 2015 and December 31, 2014, respectively)	$	350	$	402

Approximately $28 million and $31 million of the total trade receivable amounts as of December 31, 2015 and 2014, respectively, will potentially be settled through customer deductions in lieu of cash payments. Such deductions represent rebates owed to customers and are included in Other current liabilities in the accompanying Consolidated Statement of Financial Position.

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NOTE 3: INVENTORIES, NET

	As of December 31,
(in millions)	2015		2014
Finished goods	$	141	$	160
Work in process		61		70
Raw materials		61		62
Total	$	263	$	292

NOTE 4: PROPERTY, PLANT AND EQUIPMENT, NET AND EQUIPMENT SUBJECT TO OPERATING LEASES, NET

	As of December 31,
(in millions)	2015			2014
Land	$	74		$	100
Buildings and building improvements		169			174
Machinery and equipment		445			403
Construction in progress		20			47
		708			724
Accumulated depreciation		(314	)		(223	)
Property, plant and equipment, net	$	394		$	501

Depreciation expense was $113 million, $170 million, $66 million and $85 million for the years ended December 31, 2015 and December 31, 2014, four months ended December 31, 2013, and eight months ended August 31, 2013, respectively, of which approximately $8 million, $2 million, $0 million and $4 million, respectively, represented accelerated depreciation in connection with restructuring actions.

Equipment subject to operating leases and the related accumulated depreciation were as follows:

	As of December 31,
(in millions)	2015			2014
Equipment subject to operating leases, net	$	25		$	23
Accumulated depreciation		(12	)		(10	)
Equipment subject to operating leases, net	$	13		$	13

Minimum future rental revenues on operating leases with original terms of one year or longer are not significant to Kodak.

NOTE 5: GOODWILL AND OTHER INTANGIBLE ASSETS

The following table presents the changes in the carrying value of goodwill by reportable segment. The Enterprise Inkjet Systems and Eastman Business Park segments do not have goodwill and are therefore not presented.

(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

In the first quarter of 2014, Kodak increased the value of goodwill determined as part of fresh start accounting by $8 million to correct for a liability that should have been recorded at emergence.

As a result of the change in segments that became effective as of January 1, 2015, Kodak’s goodwill reporting units changed. Refer to Note 23, “Segment Information” for additional information on the change to Kodak’s organizational structure. The Print Systems segment has two goodwill reporting units: Prepress Solutions and Electrophotographic Printing Solutions. The Micro 3D Printing and Packaging segment has two goodwill reporting units: Packaging and Micro 3D Printing. The Software and Solutions segment has two goodwill reporting units: Kodak Technology

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Solutions and Unified Workflow Solutions. The Consumer and Film segment has three goodwill reporting units: Consumer Inkjet Solutions, Motion Picture, Industrial Chemicals and Films and Consumer Products. The Enterprise Inkjet Systems segment has two goodwill reporting units: Commercial Inkjet Printing Solutions and Digital Front-End Controllers. The Intellectual Property Solutions segment and the Eastman Business Park segment each have one goodwill reporting unit.

As of December 31, 2014, the goodwill balance of $96 million under the prior year segment reporting structure was comprised of $67 million for the Graphics, Entertainment and Commercial Films segment and $29 million for the Digital Printing and Enterprise segment. The goodwill in the Graphics, Entertainment and Commercial Films segment was reported in the Graphics and Intellectual Property and Brand Licensing reporting units. The goodwill in the Digital Printing and Enterprise segment was reported in the Packaging and Functional Printing and Consumer Inkjet Systems reporting units.

Goodwill previously reported in the Graphics goodwill reporting unit was transferred to the Prepress Solutions goodwill reporting unit and the Unified Workflow Solutions goodwill reporting unit. The goodwill previously reported in the Packaging and Functional Printing goodwill reporting unit was transferred to the Packaging goodwill reporting unit and the Micro 3D Printing goodwill reporting unit. The goodwill previously reported in the Intellectual Property and Brand Licensing goodwill reporting unit was transferred to the Intellectual Property Solutions goodwill reporting unit and the Consumer Products goodwill reporting unit. Goodwill was reassigned to affected reporting units using a relative fair value allocation.

Due to the change in Kodak’s reporting units and the delay in commercializing new technologies in the Micro 3D Printing reporting unit, Kodak concluded that the carrying value of the Micro 3D Printing reporting unit exceeded its implied fair value. The fair value of the Micro 3D Printing reporting unit was estimated using the discounted cash flow method in which the future cash flows, including a terminal value at the end of the projection period, were discounted to present value. Kodak recorded a pre-tax impairment charge of $6 million in the first quarter of 2015 that is included in Other operating (income) expense, net in the Consolidated Statement of Operations representing the entire amount of goodwill for this reporting unit.

Based upon the results of Kodak’s October 1, 2015 analysis, Kodak concluded that the carrying value of the Intellectual Property Solutions reporting unit exceeded its implied fair value and recorded a pre-tax impairment charge of $2 million in the fourth quarter of 2015 that is included in Other operating expense (income), net in the Consolidated Statement of Operations representing the entire amount of goodwill for this reporting unit. No impairment of goodwill was indicated for any other reporting units as of October 1 or December 31 valuation dates.

The gross carrying amount and accumulated amortization by major intangible asset category as of December 31, 2015 and 2014 were as follows:

	As of December 31, 2015
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net		Weighted- Average Amortization Period
Technology-based	$	83	$	38	$	45		3 years
Kodak trade name		46		—		46		Indefinite life
Customer-related		37		11		26		7 years
Other		2		—		2		21 years
Total	$	168	$	49	$	119

	As of December 31, 2014
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net		Weighted- Average Amortization Period
Technology-based	$	83	$	21	$	62		4 years
Kodak trade name		46		—		46		Indefinite life
Customer-related		36		6		30		8 years
Other		2		—		2		22 years
Total	$	167	$	27	$	140

Based upon the results of Kodak’s October 1, 2015 and December 31, 2015 impairment tests, no impairment of the Kodak trade name was indicated. In the fourth quarter of 2013, Kodak concluded that the carrying value of the Kodak trade name, estimated as part of fresh start accounting, exceeded its fair value and Kodak recorded a pre-tax impairment charge of $8 million that is included in Other operating expense (income), net in the Consolidated Statement of Operations.

Amortization expense related to intangible assets was $21 million, $21 million, $7 million and $8 million for the years ended December 31, 2015 and December 31, 2014, four months ended December 31, 2013, and eight months ended August 31, 2013, respectively.

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Estimated future amortization expense related to intangible assets that are currently being amortized as of December 31, 2015 was as follows:

(in millions)
2016	$	21
2017		19
2018		14
2019		7
2020		5
2021 and thereafter		7
Total	$	73

NOTE 6: OTHER CURRENT LIABILITIES

	As of December 31,
(in millions)	2015		2014
Accrued employment-related liabilities	$	78	$	125
Accrued customer rebates		31		34
Deferred revenue		34		39
Accrued restructuring liabilities		11		27
Deferred consideration on disposed businesses		—		11
Other		93		113
Total	$	247	$	349

The Other component above consists of other miscellaneous current liabilities that, individually, were less than 5% of the total current liabilities component within the Consolidated Statement of Financial Position, and therefore, have been aggregated in accordance with Regulation S-X.

NOTE 7: OTHER LONG-TERM LIABILITIES

	As of December 31,
(in millions)	2015		2014
Workers compensation	$	113	$	123
Environmental liabilities		13		19
Asset retirement obligations		47		53
Other		104		127
Total	$	277	$	322

The Other component above consists of other miscellaneous long-term liabilities that, individually, were less than 5% of the total liabilities component in the accompanying Consolidated Statement of Financial Position, and therefore, have been aggregated in accordance with Regulation S-X.

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NOTE 8: SHORT-TERM BORROWINGS AND LONG-TERM DEBT

Debt and related maturities and interest rates were as follows at December 31, 2015 and 2014:

							As of December 31,
(in millions)							2015		2014
	Type		Maturity		Weighted-Average Effective Interest Rate		Carrying Value		Carrying Value
Current portion:
		Term note		2016		7.56%	$	4	$	4
		Credit line		2015		2.42%		—		1
								4		5
Non-current portion:
		Term note		2019		7.56%		400		403
		Term note		2020		11.04%		270		269
		Other		Various		6.07%		3		—
								673		672
							$	677	$	677

Annual maturities of debt outstanding at December 31, 2015, were as follows:

(in millions)	Carrying Value		Maturity Value
2016	$	4	$	4
2017		4		4
2018		4		4
2019		392		397
2020		271		276
2021 and thereafter		2		2
Total	$	677	$	687

On September 3, 2013, the Company entered into (i) a Senior Secured First Lien Term Credit Agreement (the “First Lien Term Credit Agreement”) with the lenders party thereto (the “First Lien Lenders”), JPMorgan Chase Bank, N.A. as administrative agent, and J.P. Morgan Securities LLC, Barclays Bank PLC, and Merrill Lynch, Pierce, Fenner & Smith Inc. as joint lead arrangers and joint bookrunners, and (ii) a Senior Secured Second Lien Term Credit Agreement (the “Second Lien Term Credit Agreement,” and together with the First Lien Term Credit Agreement, the “Term Credit Agreements”), with the lenders party thereto (the “Second Lien Lenders,” and together with the First Lien Lenders, the “Term Credit Lenders”), Barclays Bank PLC as administrative agent, and J.P. Morgan Securities LLC, Barclays Bank PLC and Merrill Lynch, Pierce, Fenner & Smith Inc. as joint lead arrangers and joint bookrunners. Additionally, the Company and its U.S. subsidiaries (the “Subsidiary Guarantors”) entered into an Asset Based Revolving Credit Agreement (the “ABL Credit Agreement” and together with the Term Credit Agreements, the “Credit Agreements”) with the lenders party thereto (the “ABL Lenders” and together with the First Lien Lenders and the Second Lien Lenders, the “Lenders”) and Bank of America N.A. as administrative agent and collateral agent, Barclays Bank PLC as syndication agent and Merrill Lynch, Pierce, Fenner & Smith Inc., Barclays Bank PLC and J.P. Morgan Securities LLC as joint lead arrangers and joint bookrunners. Pursuant to the terms of the Credit Agreements, the Term Credit Lenders provided the Company with term loan facilities in an aggregate principal amount of $695 million, consisting of $420 million of first-lien term loans (the “First Lien Loans”) and $275 million of second-lien term loans (the “Second Lien Loans”). Net proceeds from the Term Credit Agreements were $664 million ($695 million aggregate principal less $15 million stated discount and $16 million in debt transaction costs). The ABL Lenders will make available asset-based revolving loans in an amount of up to $200 million (the “ABL Loans”). The maturity date of the loans made under the Term Credit Agreements is the earlier to occur of (i) September 3, 2019 (in case of First Lien Loans) or September 3, 2020 (in case of Second Lien Loans) and (ii) the acceleration of such loans due to an event of default (as defined in the Term Credit Agreements). The maturity date of the loans made under the ABL Credit Agreement is the earlier to occur of (i) September 3, 2018 and (ii) the date of termination of the commitments in accordance with the terms of the ABL Credit Agreement. The ABL Credit Agreement also provides for the issuance of letters of credit of up to a sublimit of $150 million. The Company has issued approximately $118 million of letters of credit under the ABL Credit Agreement as of December 31, 2015. Under the ABL Loan’s borrowing base calculation, the Company had approximately $16 million and $29 million Borrowing Base Availability (as defined in the ABL Credit Agreement) under the revolving credit facility as of December 31, 2015 and December 31, 2014, respectively. Availability is subject to the borrowing base calculation, reserves and other limitations.

The Credit Agreements limit, among other things, the Company’s and the Subsidiary Guarantors’ ability to (i) incur indebtedness, (ii) incur or create liens, (iii) dispose of assets, (iv) make restricted payments (including dividend payments, et al.) and (v) make investments. Events of default under the Credit Agreements include, among others, failure to pay any loan, interest or other amount due under the applicable credit agreement, breach of specific covenants and a change of control of the Company. Upon an event of default, the applicable lenders may declare the outstanding obligations under the applicable credit agreement to be immediately due and payable and exercise other rights and remedies provided for in such credit agreement.

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Under the ABL Credit Agreement, Kodak is required to maintain a minimum Fixed Charge Coverage Ratio (as defined in the ABL Credit Agreement) of 1.00 to 1.00 when Excess Availability is less than 15% of lender commitments (springing covenant). As of December 31, 2015 15% of lender commitments and Excess Availability were $30 million and $31 million, respectively. Excess Availability is equal to the sum of (i) 85% of the amount of the Eligible Receivables less a Dilution Reserve, (ii) the lesser of 85% of Net Orderly Liquidation Value or 75% of the Eligible Inventory (iii) Eligible Equipment (iv) Eligible Cash and (v) Qualified Cash (not to exceed $15 million) less (i) Rent and Charges Reserves, (ii) Principal Outstanding, (iii) Letters of Credit and (iv) an Availability Block (each item as defined in the ABL Credit Agreement).

As of December 31, 2015 and 2014, Kodak had funded $30 million and $20 million, respectively, to the Eligible Cash account, held with the ABL Credit Agreement Administrative Agent, which is classified as Restricted cash in the Consolidated Statement of Financial Position, and an additional $15 million of Qualified Cash as of December 31, 2015 and 2014 in an unrestricted cash account, supporting the Excess Availability amount. If Excess Availability falls below 15% of lender commitments ($30 million as of both December 31, 2015 and 2014), Kodak may, in addition to the requirement to be in compliance with the minimum Fixed Charge Coverage Ratio, become subject to cash dominion control. Since Excess Availability was greater than 15% of lender commitments at both December 31, 2015 and 2014, Kodak is not required to have a minimum Fixed Charges Coverage Ratio of 1.0 to 1.0. As of December 31, 2015 Kodak was in compliance with all the covenants under the ABL Credit Agreement and had Kodak been required to have Fixed Charge Coverage Ratio of 1.0 to 1.0 EBITDA, as defined in the ABL Credit agreement, exceeded Fixed Charges by approximately $17 million, excluding the Prosper Business being reflected as a discontinued operation for purposes of calculating the Fixed Charge Coverage Ratio. If the calculation of the Fixed Charge Coverage Ratio included the Prosper Business as a discontinued operation as of December 31, 2015, Kodak’s EBITDA, as defined in the ABL Credit Agreement, would have exceeded Fixed Charges by approximately $56 million.

The First Lien Loans bear interest at the rate of LIBOR plus 6.25% per annum, with a LIBOR floor of 1% or Alternate Base Rate (as defined in the First Lien Term Credit Agreement) plus 5.25%. The Second Lien Loans bear interest at the rate of LIBOR plus 9.5% per annum, with a LIBOR floor of 1.25% or Alternate Base Rate (as defined in the Second Lien Term Credit Agreement) plus 8.5%. The ABL Loans (other than initial borrowings) bear interest at the rate of LIBOR plus 2.75%-3.25% per annum or Base Rate (as defined in the ABL Credit Agreement) plus 1.75%-2.25% per annum, based on Excess Availability (as defined in the ABL Credit Agreement). Each existing and future direct or indirect U.S. subsidiary of the Company (other than immaterial subsidiaries, unrestricted subsidiaries and certain other subsidiaries) have agreed to provide unconditional guarantees of the obligations of the Company under the Credit Agreements. Subject to certain exceptions, obligations under the First Lien Term Credit Agreement and the Second Lien Term Credit Agreement are secured by: (i) a first lien and a second lien, respectively, on all assets of the Company and the Subsidiary Guarantors, other than the ABL Collateral (as defined below), including a first and a second lien, respectively, on 100% of the stock of material domestic subsidiaries and 65% of the stock of material first-tier foreign subsidiaries (collectively the “Term Collateral”) and (ii) a second lien and a third lien, respectively, on the ABL Collateral. Obligations under the ABL Credit Agreement are secured by: (i) a first lien on cash, accounts receivable, inventory, machinery and equipment (the “ABL Collateral”) and (ii) a third lien on the Term Collateral. The aggregate carrying value of the Term Collateral and ABL Collateral as of December 31, 2015 and 2014 was $1,873 million and $1,964 million, respectively.

The Company may voluntarily prepay the First Lien Loan. The Company may prepay the Second Lien Loan after the second anniversary and prior to the third anniversary of the closing date. A prepayment premium of 1% of the principal amount prepaid is required with respect to the Second Lien Loan.

As defined in each of the Term Credit Agreements, the Company is required to prepay loans with net proceeds from asset sales, recovery events or issuance of indebtedness, subject to, in the case of net proceeds received from asset sales or recovery events, reinvestment rights by the Company in assets used or usable by the business within certain time limits. On an annual basis, starting with the fiscal year ending on December 31, 2014, the Company will prepay on June 30 of the following fiscal year loans in an amount equal to a percentage of Excess Cash Flow (“ECF”) as defined in each of the Term Credit Agreements, provided no such prepayment is required if such prepayment would cause U.S. liquidity (as defined in each of the Term Credit Agreements) to be less than $100 million. For the years ended December 31, 2015 and 2014, ECF was a negative amount, therefore, no prepayment is required in 2016 and no prepayment was required in 2015. Any mandatory prepayments as described above shall be reduced by any mandatory prepayments of the First Lien Loan.

Under the Term Credit Agreements, the Company is required to maintain minimum U.S. Liquidity (as defined therein) through 2014 and starting December 31, 2014, a Secured Leverage Ratio (as defined therein) not to exceed specified levels. The Secured Leverage Ratio under the Term Credit Agreements is tested at the end of each quarter based on the prior four quarters, The maximum Secured Leverage Ratio permitted under the First Lien Term Credit Agreement (which is more restrictive than the corresponding ratio permitted under the Second Lien Term Credit Agreement) declined on June 30, 2015 from 3.75:1 to 3.25:1 and further declined on December 31, 2015 from 3.25:1 to 2.75:1, with no further adjustments for the remainder of the agreement. As of December 31, 2015, Kodak was in compliance with all covenants under the Term Credit Agreements. Kodak’s EBITDA, as calculated under the Term Credit Agreements, exceeded the EBITDA necessary to satisfy the Secured Leverage Ratio by $33 million, excluding the Prosper Business being reflected as a discontinued operation for purposes of calculating the Secured Leverage Ratio. If the calculation of the Secured Leverage Ratio included the Prosper Business as a discontinued operation as of December 31, 2015, Kodak’s EBITDA, as calculated under the Term Credit Agreements, would have exceeded the EBITDA necessary to satisfy the covenant ratios by approximately $69 million.

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NOTE 9: COMMITMENTS AND CONTINGENCIES

Environmental

Kodak’s undiscounted accrued liabilities for future environmental investigation, remediation and monitoring costs are composed of the following items:

	As of December 31,
(in millions)	2015		2014
Other current operating sites	$	7	$	7
Sites associated with former operations		—		10
Sites associated with the non-imaging health businesses sold in 1994		6		11
Total	$	13	$	28

These amounts are reported in Other long-term liabilities and Current liabilities held for sale in the accompanying Consolidated Statement of Financial Position.

Cash expenditures for pollution prevention and waste treatment for Kodak’s current facilities were as follows:

	Successor						Predecessor
(in millions)	For the Year Ended December 31, 2015		For the Year Ended December 31, 2014		For the Four Months Ended December 31, 2013		For the Eight Months Ended August 31, 2013
Recurring costs for pollution prevention and waste treatment	$	13	$	13	$	5	$	16
Capital expenditures for pollution prevention and waste treatment		2		2		2		—
Total	$	15	$	15	$	7	$	16

Environmental expenditures that relate to an existing condition caused by past operations and that do not provide future benefits are expensed as incurred. Costs that are capital in nature and that provide future benefits are capitalized. Liabilities are recorded when environmental assessments are made or the requirement for remedial efforts is probable, and the costs can be reasonably estimated. The timing of accruing for these remediation liabilities is generally no later than the completion of feasibility studies. Kodak has an ongoing monitoring and identification process to assess how the activities, with respect to the known exposures, are progressing against the accrued cost estimates.

Cash expenditures for the aforementioned investigation, remediation and monitoring activities are expected to be incurred over the next thirty years for most of the sites. For these known environmental liabilities, the accrual reflects Kodak’s best estimate of the amount it will incur under the agreed-upon or proposed work plans. Kodak’s cost estimates were determined using the ASTM Standard E 2137-06, “Standard Guide for Estimating Monetary Costs and Liabilities for Environmental Matters,” and have not been reduced by possible recoveries from third parties. The overall method includes the use of a probabilistic model which forecasts a range of cost estimates for the remediation required at individual sites. The projects are closely monitored and the models are reviewed as significant events occur or at least once per year. Kodak’s estimate includes investigations, equipment and operating costs for remediation and long-term monitoring of the sites.

The Company provided an indemnity as part of the 1994 sale of Sterling Corporation (now “STWB”), which covered a number of environmental sites including the Lower Passaic River Study Area (“LPRSA”) portion of the Diamond Alkali Superfund Site. STWB, now owned by Bayer Corporation, is a potentially responsible party at the LPRSA site based on alleged releases from facilities formerly owned by subsidiaries of Sterling. On February 29, 2012, the Company notified STWB and Bayer that, under the voluntary petition for bankruptcy by the Company and its U.S. subsidiaries, it elected to discontinue funding and participation in remedial investigations of the LPRSA. STWB and its parent, Bayer, filed proofs of claim against the Company and its U.S. subsidiaries. These claims have been discharged pursuant to the First Amended Joint Chapter 11 Plan of Reorganization. Environmental matters at three sites owned by the Company and one site for which the Company was not the owner but was responsible for the remediation were not resolved by the discharge. On March 17, 2015, the Company entered into an agreement with STWB related to these four sites. The agreement calls for the Company to retain ownership and environmental responsibility of one of the sites. Ownership and environmental responsibility for one site and environmental responsibility for the unowned site transferred to STWB in the second quarter of 2015. Ownership of the remaining site is expected to pass to an unrelated party by 2018 at which point the Company’s environmental responsibility will pass to STWB. If the ownership for the fourth site does not transfer to that unrelated party prior to January 1, 2020, the Company and STWB will share approximately equally in the ongoing costs of the site. As a result of this agreement, the Company reduced its environmental liabilities by approximately $5 million and recognized a gain in the first quarter of 2015 of the same amount.

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On January 14, 2015, the Company sold its property in Middleway, West Virginia and transferred the related environmental liability to Commercial Liability Partners WV, LLC (CLP). As part of the transaction, the Company withdrew from its Voluntary Remediation Agreement with the West Virginia Department of Environmental Protection, received an indemnity from CLP regarding any environmental obligations, and was named insured in an environmental insurance policy for a period of ten years in the case of breach by CLP. As of December 31, 2014, the $2 million net book value of the Middleway property was classified in Current assets held for sale and the environmental liability of approximately $9 million was classified as Current liabilities held for sale. The Company released the environmental liability associated with the site and recognized a gain of approximately $5 million on the transaction in 2015.

Estimates of the amount and timing of future costs of environmental remediation requirements are by their nature imprecise because of the continuing evolution of environmental laws and regulatory requirements, the availability and application of technology, the identification of presently unknown remediation sites and the allocation of costs among the potentially responsible parties. Based on information presently available, Kodak does not believe it is reasonably possible that losses for known exposures could exceed current accruals by material amounts, although costs could be material to a particular quarter or year.

Asset Retirement Obligations

Kodak’s asset retirement obligations primarily relate to asbestos contained in buildings that Kodak owns. In many of the countries in which Kodak operates, environmental regulations exist that require Kodak to handle and dispose of asbestos in a special manner if a building undergoes major renovations or is demolished. Otherwise, Kodak is not required to remove the asbestos from its buildings. Kodak records a liability equal to the estimated fair value of its obligation to perform asset retirement activities related to the asbestos, computed using an expected present value technique, when sufficient information exists to calculate the fair value. Kodak does not have a liability recorded related to every building that contains asbestos because Kodak cannot estimate the fair value of its obligation for certain buildings due to a lack of sufficient information about the range of time over which the obligation may be settled through demolition, renovation or sale of the building.

The following table provides asset retirement obligation activity:

	For the Year Ended December 31,
(in millions)	2015			2014
Asset Retirement Obligations at start of period	$	53		$	52
Liabilities incurred in the current period		1			3
Liabilities settled in the current period		(3	)		(1	)
Accretion expense		2			2
Revision in estimated cash flows		(6	)		(2	)
Foreign exchange impact		—			(1	)
Asset Retirement Obligations at end of period	$	47		$	53

Other Commitments and Contingencies

The Company and its subsidiaries have entered into operating leases for various real estate and equipment needs. Rental expense, net of minor sublease income, amounted to $28 million, $36 million, $15 million and $35 million in the years ended December 31, 2015 and December 31, 2014, four months ending December 31, 2013, and eight months ending August 31, 2013, respectively.

As of December 31, 2015, the Company had outstanding letters of credit of $118 million issued under the ABL Credit Agreement as well as bank guarantees and letters of credit of $4 million, surety bonds in the amount of $17 million, and restricted cash and deposits of $58 million, primarily to support compliance with the Excess Availability threshold under the ABL Credit Agreement, to ensure the payment of possible casualty and workers compensation claims, environmental liabilities, legal contingencies, rental payments, and to support various customs, hedging, tax and trade activities. The restricted cash and deposits are recorded in Restricted cash, Other current assets and Other long-term assets in the Consolidated Statement of Financial Position.

Kodak’s Brazilian operations are involved in various litigation matters and have received or been the subject of numerous governmental assessments related to indirect and other taxes in various stages of litigation, as well as civil litigation and disputes associated with former employees and contract labor. The tax matters, which comprise the majority of the litigation matters, are primarily related to federal and state value-added taxes. Kodak is disputing these matters and intends to vigorously defend its position. Based on the opinion of legal counsel and current reserves already recorded for those matters deemed probable of loss, management does not believe that the ultimate resolution of these matters will materially impact Kodak’s results of operations or financial position. Kodak routinely assesses all these matters as to the probability of ultimately incurring a liability in its Brazilian operations and records its best estimate of the ultimate loss in situations where it assesses the likelihood of loss as probable. As of December 31, 2015, the unreserved portion of these contingencies, inclusive of any related interest and penalties, for which there was at least a reasonable possibility that a loss may be incurred, amounted to approximately $49 million.

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In connection with assessments in Brazil, local regulations may require Kodak to post security for a portion of the amounts in dispute. As of December 31, 2015, Kodak has posted security composed of $6 million of pledged cash reported within Restricted cash in the Consolidated Statement of Financial Position and liens on certain Brazilian assets with a net book value of approximately $62 million. Generally, any encumbrances on the Brazilian assets would be removed to the extent the matter is resolved in Kodak’s favor.

Kodak is involved in various lawsuits, claims, investigations, remediation and proceedings, including commercial, customs, employment, environmental, and health and safety matters, which are being handled and defended in the ordinary course of business. Kodak is also subject, from time to time, to various assertions, claims, proceedings and requests for indemnification concerning intellectual property, including patent infringement suits involving technologies that are incorporated in a broad spectrum of Kodak’s products. These matters are in various stages of investigation and litigation, and are being vigorously defended. Based on information currently available Kodak does not believe that it is probable that the outcomes in any of these matters, individually or collectively, will have a material adverse effect on its financial condition or results of operations. Litigation is inherently unpredictable, and judgments could be rendered or settlements entered that could adversely affect Kodak’s operating results or cash flows in a particular period. Kodak routinely assesses all of its litigation and threatened litigation as to the probability of ultimately incurring a liability, and records its best estimate of the ultimate loss in situations where it assesses the likelihood of loss as probable.

NOTE 10: GUARANTEES

EKC guarantees obligations to third parties for some of its consolidated subsidiaries. The maximum amount guaranteed is $17 million and the outstanding amount for those guarantees is $6 million.

In connection with the settlement of certain of the Company’s historical environmental liabilities at EBP and in accordance with the terms of the Amended EBP Settlement Agreement, in the event the historical EBP liabilities exceed $99 million, the Company will become liable for 50% of the portion above $99 million with no limitation to the maximum potential future payments. There is no liability recorded related to this guarantee.

Indemnifications

Kodak issues indemnifications in certain instances when it sells businesses and real estate, and in the ordinary course of business with its customers, suppliers, service providers and business partners. Further, Kodak indemnifies officers and directors who are, or were, serving at the Company’s request in such capacities. Historically, costs incurred to settle claims related to these indemnifications have not been material to Kodak’s financial position, results of operations or cash flows. Additionally, the fair value of the indemnifications that Kodak issued during the year ended December 31, 2015 was not material to Kodak’s financial position, results of operations or cash flows.

Warranty Costs

Kodak has warranty obligations in connection with the sale of its products and equipment. The original warranty period is generally one year or less. The costs incurred to provide for these warranty obligations are estimated and recorded as an accrued liability at the time of sale. Kodak estimates its warranty cost at the point of sale for a given product based on historical failure rates and related costs to repair. The change in Kodak’s accrued warranty obligations balance, which is reflected in Other current liabilities in the accompanying Consolidated Statement of Financial Position, was as follows:

(in millions)

Accrued warranty obligations as of December 31, 2013	$	12
Actual warranty experience		(14	)
Warranty provisions		6
Accrued warranty obligations as of December 31, 2014		4
Actual warranty experience		(6	)
Warranty provisions		5
Accrued warranty obligations as of December 31, 2015	$	3

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Kodak also offers its customers extended warranty arrangements that are generally one year, but may range from three months to five years after the original warranty period. Kodak provides repair services and routine maintenance under these arrangements. Kodak has not separated the extended warranty revenues and costs from the routine maintenance service revenues and costs, as it is not practicable to do so. Therefore, these revenues and costs have been aggregated in the discussion that follows. The change in Kodak’s deferred revenue balance in relation to these extended warranty and maintenance arrangements, which is reflected in Other current liabilities in the accompanying Consolidated Statement of Financial Position, was as follows:

(in millions)

Deferred revenue on extended warranties as of December 31, 2013	$	30
New extended warranty and maintenance arrangements		188
Recognition of extended warranty and maintenance arrangement revenue		(191	)
Deferred revenue on extended warranties as of December 31, 2014		27
New extended warranty and maintenance arrangements		176
Recognition of extended warranty and maintenance arrangement revenue		(177	)
Deferred revenue on extended warranties as of December 31, 2015	$	26

Costs incurred under these extended warranty and maintenance arrangements for the years ended December 31, 2015 and December 31, 2014 amounted to $125 million and $148 million, respectively.

NOTE 11: FINANCIAL INSTRUMENTS

Kodak, as a result of its global operating and financing activities, is exposed to changes in foreign currency exchange rates and interest rates, which may adversely affect its results of operations and financial position. Kodak manages such exposures, in part, with derivative financial instruments. Foreign currency forward contracts are used to mitigate currency risk related to foreign currency denominated assets and liabilities, as well as forecasted foreign currency denominated intercompany assets. Kodak’s exposure to changes in interest rates results from its investing and borrowing activities used to meet its liquidity needs. Kodak does not utilize financial instruments for trading or other speculative purposes.

Kodak’s foreign currency forward contracts are not designated as hedges, and are marked to market through net (loss) earnings at the same time that the exposed assets and liabilities are re-measured through net (loss) earnings (both in Other (charges) income, net in the Consolidated Statement of Operations). The notional amount of such contracts open at December 31, 2015 and 2014 was approximately $384 million and $334 million, respectively. The majority of the contracts of this type held by Kodak are denominated in Euros, British pounds, and Chinese renminbi. The net effect of foreign currency forward contracts in the results of operations is shown in the following table:

	Successor							Predecessor
(in millions)	For the Year Ended December 31, 2015		For the Year Ended December 31, 2014		For the Four Months Ended December 31, 2013			For the Eight Months Ended August 31, 2013
Net gain (loss) from derivatives not designated as hedging instruments	$	14	$	10	$	(14	)	$	2

Kodak had no derivatives designated as hedging instruments for the years ended December 31, 2015 and December 31, 2014, four months ended December 31, 2013 or eight months ended August 31, 2013.

Kodak’s financial instrument counterparties are high-quality investment or commercial banks with significant experience with such instruments. Kodak manages exposure to counterparty credit risk by requiring specific minimum credit standards and diversification of counterparties. Kodak has procedures to monitor the credit exposure amounts. The maximum credit exposure at December 31, 2015 was not significant to Kodak.

In the event of a default under the Company’s Term Credit Agreements, the ABL Credit Agreement, or a default under any derivative contract or similar obligation of Kodak, subject to certain minimum thresholds, the derivative counterparties would have the right, although not the obligation, to require immediate settlement of some or all open derivative contracts at their then-current fair value, but with liability positions netted against asset positions with the same counterparty.

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Fair Value

Fair values of Kodak’s foreign currency forward contracts are determined using observable inputs (Level 2 fair value measurements), and are based on the present value of expected future cash flows (an income approach valuation technique) considering the risks involved and using discount rates appropriate for the duration of the contracts. The gross fair value of the foreign currency forward contracts was not material as of December 31, 2015 and 2014.

Transfers between levels of the fair value hierarchy are recognized based on the actual date of the event or change in circumstances that caused the transfer. There were no transfers between levels of the fair value hierarchy during the year ended December 31, 2015.

The fair value of long-term borrowings is measured on a nonrecurring basis. Fair values of long-term borrowings (Level 2 fair value measurements) are determined by reference to quoted market prices, if available, or by pricing models based on the value of related cash flows discounted at current market interest rates. The fair values of long-term borrowings were $588 million and $681 million at December 31, 2015 and December 31, 2014, respectively.

The carrying values of cash and cash equivalents, restricted cash, and short-term borrowings and current portion of long-term debt approximate their fair values.

NOTE 12: OTHER OPERATING EXPENSE (INCOME), NET

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Expense (income) :
Gain on sale of digital imaging patent portfolio (1)	$	—		$	—		$	—		$	(535	)
Goodwill and intangible asset impairments (2) (3) (4) (5) (6)		8			9			8			77
Gains related to the sales of assets and businesses		(6	)		(3	)		(6	)		(34	)
Gain recognized on assets acquired for no monetary consideration (7)		(3	)		—			—			—
Other		3			3			—			(3	)
Total	$	2		$	9		$	2		$	(495	)

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

⁽²⁾  In the fourth quarter of 2015, Kodak recorded a goodwill impairment charge of $2 million related to the Intellectual Property Solutions reporting unit. Refer to Note 5, “Goodwill and Other Intangible Assets.”

⁽³⁾  In the first quarter of 2015, Kodak recorded a goodwill impairment charge of $6 million related to the Micro 3D Printing reporting unit. Refer to Note 5, “Goodwill and Other Intangible Assets.”

⁽⁴⁾  In the fourth quarter of 2014, Kodak recorded an impairment charge of $9 million related to an in-process research and development intangible asset established as part of fresh start accounting.

⁽⁵⁾  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.”

⁽⁶⁾  In the first quarter of 2013, Kodak recorded a goodwill impairment charge of $77 million related to the Intellectual Property and Consumer Products reporting unit.

⁽⁷⁾  Refer to Note 23, “Segment Information”, footnote 5 to the table entitled “Segment Operational EBITDA from Consolidated Loss from Continuing Operations Before Income Taxes.”

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NOTE 13: OTHER (CHARGES) INCOME, NET

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Income (charges):
Interest income	$	1		$	6		$	3		$	3
Loss on foreign exchange transactions (1)		(17	)		(22	)		(5	)		(7	)
Other		(5	)		(5	)		12			(9	)
Total	$	(21	)	$	(21	)	$	10		$	(13	)

⁽¹⁾  In 2015 and 2014 Kodak recorded charges of $2 million and $16 million, respectively, from the remeasurement of its Venezuelan subsidiary’s monetary assets and liabilities. Refer to Note 1, “Basis of Presentations and Significant Accounting Matters”, “Foreign Currency” section.

NOTE 14: INCOME TAXES

The components of (loss) earnings from continuing operations before income taxes and the related provision (benefit) for U.S. and other income taxes were as follows:

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
(Loss) earnings from continuing operations before income taxes:
U.S.	$	(136	)	$	(151	)	$	(98	)	$	2,281
Outside the U.S.		138			102			43			125
Total	$	2		$	(49	)	$	(55	)	$	2,406
U.S. income taxes:
Current provision (benefit)	$	1		$	(2	)	$	3		$	—
Deferred provision (benefit)		9			4			3			(3	)
Income taxes outside the U.S.:
Current provision (benefit)		20			(1	)		8			53
Deferred provision (benefit)		—			7			(8	)		105
State and other income taxes:
Current provision		—			1			2			1
Deferred provision		—			1			—			—
Total provision	$	30		$	10		$	8		$	156

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The differences between income taxes computed using the U.S. federal income tax rate and the provision for income taxes for continuing operations were as follows:

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Amount computed using the statutory rate	$	1		$	(17	)	$	(18	)	$	842
Increase (reduction) in taxes resulting from:
State and other income taxes, net of federal		—			1			2			—
Unremitted foreign earnings		26			4			36			32
Impact of goodwill and intangible impairments		—			—			(3	)		(22	)
Operations outside the U.S.		25			95			72			(20	)
Legislative rate changes		—			—			—			1
Valuation allowance		(83	)		(127	)		(106	)		25
Tax settlements and adjustments, including interest		2			(5	)		1			5
Discharge of debt and other reorganization related items		60			57			24			(722	)
Other, net		(1	)		2			—			15
Provision for income taxes	$	30		$	10		$	8		$	156

During 2013, a substantial portion of the Company’s pre-petition debt securities, revolving credit facility and other obligations were extinguished. Absent an exception, a debtor recognizes cancellation of indebtedness income (“CODI”) upon discharge of its outstanding indebtedness for an amount of consideration that is less than its adjusted issue price. The Internal Revenue Code of 1986, as amended (“IRC”), provides that a debtor in a bankruptcy case may exclude CODI from taxable income but must reduce certain of its tax attributes by the amount of any CODI realized as a result of the consummation of a plan of reorganization. The amount of CODI realized by a taxpayer is the adjusted issue price of any indebtedness discharged less the sum of (i) the amount of cash paid, (ii) the issue price of any new indebtedness issued and (iii) the fair market value of any other consideration, including equity, issued. As a result of the market value of equity upon emergence from chapter 11 bankruptcy proceedings, the estimated amount of U.S. CODI was approximately $705 million, which reduced the value of Kodak’s U.S. net operating losses that had a value of $2,495 million. The actual reduction in tax attributes occurred on the first day of the Company’s tax year subsequent to the date of emergence, or January 1, 2014.

IRC Sections 382 and 383 provide an annual limitation with respect to the ability of a corporation to utilize its tax attributes, as well as certain built-in-losses, against future U.S. taxable income in the event of a change in ownership. The Debtors’ emergence from chapter 11 bankruptcy proceedings was considered a change in ownership for purposes of IRC Section 382. The limitation under the IRC is based on the value of the corporation as of the emergence date. However, the ownership changes and resulting annual limitation will result in the expiration of approximately $711 million of net operating losses, $567 million of foreign tax credits and $21 million of research and expenditure credits generated prior to the emergence date. The expiration of these tax attributes was fully offset by a corresponding decrease in Kodak’s U.S. valuation allowance, which results in no net tax provision.

During 2013, the KPP Global Settlement provided for the acquisition by the KPP of certain assets, and the assumption by the KPP of certain liabilities of Kodak’s Personalized Imaging and Document Imaging businesses (the “PI/DI Business”). The underfunded position of the U.K. Pension Plan was approximately $1.5 billion. Kodak Limited held a deferred tax asset related to the pension liability of $329 million. As a result of the KPP Global Settlement in the period ended December 31, 2013 and the release from the pension liability to the KPP, Kodak Limited reversed the corresponding deferred tax asset.

During the eight months ended August 31, 2013, Kodak determined that it was more likely than not that a portion of its deferred tax assets outside the U.S. would not be realized due to changes in the business resulting from the KPP Global Settlement and the related sale of the Business. As a result, Kodak recorded a tax provision of $100 million associated with the establishment of a valuation allowance on those deferred tax assets.

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Additionally, during the eight months ended August 31, 2013, Kodak determined that it was more likely than not that a portion of the deferred tax assets outside the U.S. would not be realized due to the change in Kodak’s business as a result of restructuring associated with the emergence from bankruptcy and accordingly, recorded a tax provision of $46 million associated with the establishment of a valuation allowance on those deferred tax assets.

	As of December 31,
(in millions)	2015		2014
Deferred tax assets
Pension and postretirement obligations	$	187	$	221
Restructuring programs		3		5
Foreign tax credit		314		258
Inventories		14		20
Investment tax credit		80		100
Employee deferred compensation		46		43
Depreciation		62		45
Research and development costs		188		232
Tax loss carryforwards		380		355
Other deferred revenue		13		13
Other		112		111
Total deferred tax assets	$	1,399	$	1,403
Deferred tax liabilities
Leasing	$	1	$	7
Goodwill/Intangibles		49		51
Unremitted foreign earnings		121		176
Total deferred tax liabilities		171		234
Net deferred tax assets before valuation allowance		1,228		1,169
Valuation allowance		1,201		1,127
Net deferred tax assets	$	27	$	42

Deferred tax assets (liabilities) are reported in the following components within the Consolidated Statement of Financial Position:

	As of December 31,
(in millions)	2015			2014
Deferred income taxes (current)	$	22		$	31
Deferred income taxes (non-current)		23			38
Other current liabilities		—			(1	)
Other long-term liabilities		(18	)		(26	)
Net deferred tax assets	$	27		$	42

As of December 31, 2015, Kodak had available domestic and foreign net operating loss carry-forwards for income tax purposes of approximately $1,565 million, of which approximately $481 million have an indefinite carry-forward period. The remaining $1,084 million expire between the years 2016 and 2035. As of December 31, 2015, Kodak had unused foreign tax credits and investment tax credits of $314 million and $80 million, respectively, with various expiration dates through 2030. Utilization of post-emergence net operating losses and tax credits may be subject to limitations in the event of significant changes in stock ownership of the Company in the future.

The undistributed earnings of Kodak’s foreign subsidiaries are not considered permanently reinvested. Kodak has a deferred tax liability (net of related foreign tax credits) of $102 million and $159 million on the foreign subsidiaries’ undistributed earnings as of December 31, 2015 and 2014, respectively. Kodak has recorded a deferred tax liability of $19 million and $17 million for the potential foreign withholding taxes on the undistributed earnings as of December 31, 2015 and 2014, respectively.

Kodak’s valuation allowance as of December 31, 2015 was $1,201 million. Of this amount, $266 million was attributable to Kodak’s net deferred tax assets outside the U.S. of $344 million, and $935 million related to Kodak’s net deferred tax assets in the U.S. of $884 million, for which Kodak believes it is not more likely than not that the assets will be realized.

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Kodak’s valuation allowance as of December 31, 2014 was $1,127 million. Of this amount, $315 million was attributable to Kodak’s net deferred tax assets outside the U.S. of $400 million, and $812 million related to Kodak’s net deferred tax assets in the U.S. of $769 million, for which Kodak believes it is not more likely than not that the assets will be realized.

The net deferred tax assets in excess of the valuation allowance of approximately $27 million and $42 million as of December 31, 2015 and December 31, 2014, respectively, relate primarily to net operating loss carry-forwards, certain tax credits, and pension related tax benefits for which Kodak believes it is more likely than not that the assets will be realized.

Accounting for Uncertainty in Income Taxes

A reconciliation of the beginning and ending amount of Kodak’s liability for income taxes associated with unrecognized tax benefits is as follows:

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Balance as of January 1	$	92		$	106		$	107		$	57
Tax positions related to the current year:
Additions		1			2			—			68
Tax Positions related to prior years:
Additions		—			1			2			1
Reductions		(7	)		(14	)		(3	)		(17	)
Settlements with taxing jurisdictions		—			(1	)		—			(2	)
Lapses in Statute of limitations		(1	)		(2	)		—			—
Balance as of December 31	$	85		$	92		$	106		$	107

Kodak’s policy regarding interest and/or penalties related to income tax matters is to recognize such items as a component of income tax (benefit) expense. Kodak had approximately $21 and $18 million of interest and penalties associated with uncertain tax benefits accrued as of December 31, 2015 and 2014, respectively.

If the unrecognized tax benefits were recognized, they would favorably affect the effective income tax rate in the period recognized. Kodak has classified certain income tax liabilities as current or noncurrent based on management’s estimate of when these liabilities will be settled. The current liabilities are recorded in Other current liabilities in the Consolidated Statement of Financial Position. Noncurrent income tax liabilities are recorded in Other long-term liabilities in the Consolidated Statement of Financial Position.

It is reasonably possible that the liability associated with Kodak’s unrecognized tax benefits will increase or decrease within the next twelve months. These changes may be the result of settling ongoing audits or the expiration of statutes of limitations. Such changes to the unrecognized tax benefits could range from $0 to $10 million based on current estimates. Audit outcomes and the timing of audit settlements are subject to significant uncertainty. Although management believes that adequate provision has been made for such issues, there is the possibility that the ultimate resolution of such issues could have an adverse effect on the earnings of Kodak. Conversely, if these issues are resolved favorably in the future, the related provision would be reduced, thus having a positive impact on earnings.

During 2014, Kodak reached a settlement outside of the U.S. and settled an audit for calendar year 2003. Kodak originally recorded liabilities for uncertain tax positions (“UTPs”) totaling $8 million (plus interest of approximately $2 million). The settlement resulted in a reduction in Other current liabilities and the recognition of a $10 million tax benefit.

During 2013, Kodak paid $2 million associated with the resolution of $17 million of various state and local tax claims that were agreed upon through the bankruptcy process. In addition, Kodak established a $64 million liability for unrecognized tax benefits associated with the Company’s adoption of the Plan of Reorganization.

Kodak is subject to taxation and files income tax returns in the U.S. federal jurisdiction and in many state and foreign jurisdictions. Kodak has substantially concluded all U.S. federal and state income tax matters for years through 2011 with respective tax authorities. With respect to countries outside the U.S., Kodak has substantially concluded all material foreign income tax matters through 2008 with respective foreign tax jurisdiction authorities.

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NOTE 15: RESTRUCTURING COSTS AND OTHER

Kodak recognizes the need to continually rationalize its workforce and streamline its operations in the face of ongoing business and economic changes. Charges for restructuring initiatives are recorded in the period in which Kodak commits to a formalized restructuring plan, or executes the specific actions contemplated by the plan and all criteria for liability recognition under the applicable accounting guidance have been met.

The activity in the accrued balances and the non-cash charges and credits incurred in relation to restructuring programs during the three years ended December 31, 2015 were as follows:

(in millions)	Severance Reserve (5)			Exit Costs Reserve (5)			Long-lived Asset Impairments and Inventory Write-downs (5)			Accelerated Depreciation (5)			Total
Balance as of December 31, 2012 (Predecessor):	$	38		$	45		$	—		$	—		$	83
Eight months charges—continuing operations		38			3			4			4			49
Eight months charges—discontinued operations		3			—			—			—			3
Eight months utilization/cash payments		(48	)		(32	)		(4	)		(4	)		(88	)
Eight months other adjustments & reclasses (1)		(3	)		(9	)		—			—			(12	)
Balance as of August 31, 2013 (Predecessor):	$	28		$	7		$	—		$	—		$	35
Four months charges	$	13		$	3		$	1		$	—		$	17
Four months utilization/cash payments		(15	)		(3	)		(1	)		—			(19	)
Four months other adjustments & reclasses (2)		—			1			—			—			1
Balance as of December 31, 2013 (Successor):		26			8			—			—			34
2014 charges—continuing operations		51			2			3			2			58
2014 charges—discontinued operations		3			—			—			—			3
2014 utilization/cash payments		(47	)		(5	)		(3	)		(2	)		(57	)
2014 other adjustments & reclasses (3)		(11	)		—			—			—			(11	)
Balance as of December 31, 2014 (Successor):		22			5			—			—			27
2015 charges—continuing operations		32			4			1			8			45
2014 charges—discontinued operations		1			—			—			—			1
2015 utilization/cash payments		(36	)		(5	)		(1	)		(8	)		(50	)
2015 other adjustments & reclasses (4)		(12	)		—			—			—			(12	)
Balance as of December 31, 2015 (Successor):	$	7		$	4		$	—		$	—		$	11

⁽¹⁾  The $(12) million includes $(5) million for amounts reclassified as Liabilities subject to compromise, $(4) million of severance-related charges for pension plan curtailments, which were reclassified to Pension and other postretirement liabilities and $(3) million of reserve adjustments due to the application of fresh start accounting, which were recorded in Reorganization items.

⁽²⁾  The $1 million represents foreign currency translation adjustments.

⁽³⁾  The $(11) million includes $(8) million of severance related charges for pension plan special termination benefits, which were reclassified to Pension and other postretirement liabilities and $(3) million of foreign currency translation adjustments.

⁽⁴⁾  The $(12) million includes $(9) million of severance related charges for pension plan special termination benefits, which were reclassified to Pension and other postretirement liabilities and $(3) million of foreign currency translation adjustments.

⁽⁵⁾  The severance and exit costs reserves require the outlay of cash, while long-lived asset impairments, accelerated depreciation and inventory write-downs represent non-cash items.

2013 Activity

The $17 million of charges for the four months ended December 31, 2013 were reported as Restructuring costs and other in the accompanying Consolidated Statement of Operations. The $52 million of charges for the eight months ended August 31, 2013 includes $4 million for accelerated depreciation and $2 million for inventory write-downs which were reported in Cost of revenues, $43 million reported as Restructuring costs and other and $3 million which were reported as (Loss) earnings from discontinued operations in the accompanying Consolidated Statement of Operations.

30

The 2013 severance costs related to the elimination of approximately 825 positions, including approximately 500 manufacturing/service, 300 administrative and 25 research and development positions. The geographic composition of these positions included approximately 375 in the U.S. and Canada, and 450 throughout the rest of the world.

Severance payments for these initiatives were substantially completed in 2015. Certain exit costs, such as long-term lease payments, will continue beyond 2015.

2014 Activity

The $61 million of charges for the year ended December 31, 2014 includes $2 million for accelerated depreciation which was reported in Cost of revenues, $56 million which was reported as Restructuring costs and other and $3 million which was reported in (Loss) earnings from discontinued operations in the accompanying Consolidated Statement of Operations.

The 2014 severance costs related to the elimination of approximately 775 positions, including approximately 325 manufacturing/service, 350 administrative and 100 research and development positions. The geographic composition of these positions included approximately 425 in the U.S. and Canada, and 350 throughout the rest of the world.

Severance payments for these initiatives will continue through 2016 since, in many instances, the employees whose positions were eliminated can elect or are required to receive their payments over an extended period of time. In addition, certain exit costs, such as long-term lease payments, will continue beyond 2015.

2015 Activity

Restructuring actions taken in 2015 were initiated to reduce Kodak’s cost structure as part of its commitment to drive sustainable profitability and included continued progress toward the Leeds plate manufacturing facility exit, a Kodak Technology Center workforce reduction, and various targeted reductions in service, sales, research and development and other administrative functions.

As a result of these actions, for the year ended December 31, 2015 Kodak recorded $46 million of charges, including $8 million for accelerated depreciation which was reported in Cost of revenues, $37 million which was reported as Restructuring costs and other and $1 million which was reported in (Loss) earnings from discontinued operations in the accompanying Consolidated Statement of Operations.

The 2015 severance costs related to the elimination of approximately 600 positions, including approximately 250 manufacturing/service, 250 administrative and 100 research and development positions. The geographic composition of these positions included approximately 275 in the U.S. and Canada, and 325 throughout the rest of the world.

As a result of these initiatives, severance payments will continue through 2016 since, in many instances, the employees whose positions were eliminated can elect or are required to receive their payments over an extended period of time. In addition, certain exit costs, such as long-term lease payments, will be paid throughout 2016 and beyond.

Leeds Plate Manufacturing Facility Exit

On March 3, 2014, Kodak announced a plan to exit its prepress plate manufacturing facility located in Leeds, England. This decision was pursuant to Kodak’s initiative to consolidate manufacturing operations globally, and is expected to result in a more efficient delivery of its products and solutions. Kodak began the exit of the facility in the second quarter of 2014, and phased out production at the site in the third quarter of 2015 and expects to complete the exit of the facility by the second quarter of 2016.

As a result of the decision, Kodak currently expects to incur total charges of $25 to $30 million, including approximately $10 million of charges related to separation benefits, $13 to $15 million of non-cash related charges for accelerated depreciation and asset write-offs, and $2 to $5 million in other cash related charges associated with this action.

Kodak incurred severance charges of $7 million, long-lived asset impairment charges of $1 million, accelerated depreciation charges of $8 million and other exit costs of $1 million in the year ended December 31, 2015 under this program.

On a cumulative basis as of December 31, 2015, Kodak has recorded severance charges of $10 million, long-lived asset impairment charges of $3 million, accelerated depreciation charges of $10 million, and other exit costs of $1 million.

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NOTE 16: RETIREMENT PLANS

Substantially all U.S. employees are covered by a noncontributory defined benefit plan, the Kodak Retirement Income Plan (“KRIP”), which is funded by Company contributions to an irrevocable trust fund. The funding policy for KRIP is to contribute amounts sufficient to meet minimum funding requirements as determined by employee benefit and tax laws plus any additional amounts the Company determines to be appropriate. Assets in the trust fund are held for the sole benefit of participating employees and retirees. They are composed of corporate equity and debt securities, U.S. government securities, partnership investments, interests in pooled funds, commodities, real estate, and various types of interest rate, foreign currency, debt, and equity market financial instruments.

For U.S. employees hired prior to March 1999 KRIP’s benefits were generally based on a formula recognizing length of service and final average earnings. KRIP included a separate cash balance formula for all U.S. employees hired after February 1999, as well as employees hired prior to that date who opted in to the cash balance formula during a special election period. Effective January 1, 2015 the KRIP was amended to provide that all participants accrue benefits under a single, revised cash balance formula (the “Cash Balance Plan”). The Cash Balance Plan credits employees’ hypothetical accounts with an amount equal to 7% of their pay, plus interest based on the 30-year Treasury bond rate.

Many subsidiaries and branches operating outside the U.S. have defined benefit retirement plans covering substantially all employees. Contributions by Kodak for these plans are typically deposited under government or other fiduciary-type arrangements. Retirement benefits are generally based on contractual agreements that provide for benefit formulas using years of service and/or compensation prior to retirement. The actuarial assumptions used for these plans reflect the diverse economic environments within the various countries in which Kodak operates.

Information on the major funded and unfunded U.S. and Non-U.S. defined benefit pension plans is presented below. The composition of the major plans may vary from year to year. If the major plan composition changes, prior year data is conformed to ensure comparability.

The measurement date used to determine the pension obligation for all funded and unfunded U.S. and Non-U.S. defined benefit plans is December 31.

(in millions)	Year Ended December 31, 2015						Year Ended December 31, 2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Change in Benefit Obligation
Projected benefit obligation at beginning of period	$	4,438		$	918		$	4,361		$	960
Transfers		—			—			—			(31	)
Service cost		17			3			18			4
Interest cost		148			17			176			30
Plan amendments		—			—			(61	)		—
Benefit payments		(478	)		(51	)		(339	)		(61	)
Actuarial (gain) loss		(35	)		(24	)		567			119
Settlements		—			—			(292	)		—
Special termination benefits		9			—			8			—
Currency adjustments		—			(63	)		—			(103	)
Projected benefit obligation at end of period	$	4,099		$	800		$	4,438		$	918
Change in Plan Assets
Fair value of plan assets at beginning of period	$	4,160		$	795		$	4,184		$	833
Transfers		—			—			—			(9	)
Gain on plan assets		111			31			607			111
Employer contributions		—			4			—			7
Settlements		—			—			(292	)		—
Benefit payments		(478	)		(51	)		(339	)		(61	)
Currency adjustments		—			(51	)		—			(86	)
Fair value of plan assets at end of period	$	3,793		$	728		$	4,160		$	795
Under Funded Status at end of period	$	(306	)	$	(72	)	$	(278	)	$	(123	)
Accumulated benefit obligation at end of period	$	4,098		$	792		$	4,436		$	907

32

The Non-US transfers of $31 million of projected benefit obligation and $9 million of assets for the year ended December 31, 2014 relate to a plan split for a subset of participants into a non-major plan.

The settlement amount of $292 million for the U.S. for the year ended December 31, 2014 was a result of lump sum payments from KRIP.

Amounts recognized in the Consolidated Statement of Financial Position for all major funded and unfunded U.S. and Non-U.S. defined benefit plans are as follows:

	As of December 31,
(in millions)	2015						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Other long-term assets	$	—		$	39		$	—		$	29
Pension and other postretirement liabilities		(306	)		(111	)		(278	)		(152	)
Net amount recognized	$	(306	)	$	(72	)	$	(278	)	$	(123	)

Information with respect to the major funded and unfunded U.S. and Non-U.S. defined benefit plans with an accumulated benefit obligation in excess of plan assets is as follows:

	As of December 31,
(in millions)	2015				2014
	U.S.		Non-U.S.		U.S.		Non-U.S.
Projected benefit obligation	$	4,099	$	524	$	4,438	$	623
Accumulated benefit obligation		4,098		516		4,436		613
Fair value of plan assets		3,793		412		4,160		471

Amounts recognized in accumulated other comprehensive (loss) income for all major funded and unfunded U.S. and Non-U.S. defined benefit plans consist of:

	As of December 31,
(in millions)	2015						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Prior service credit	$	50		$	4		$	58		$	4
Net actuarial loss		(285	)		(6	)		(159	)		(32	)
Total	$	(235	)	$	(2	)	$	(101	)	$	(28	)

Other changes in plan assets and benefit obligations recognized in Other comprehensive income (expense) are as follows:

	Successor																Predecessor
	Year Ended December 31, 2015					Year Ended December 31, 2014						Four Months Ended December 31, 2013					Eight Months Ended August 31, 2013
(in millions)	U.S.			Non-U.S.		U.S.			Non-U.S.			U.S.			Non-U.S.		U.S.		Non-U.S.
Newly established (loss) gain	$	(126	)	$	25	$	(255	)	$	(46	)	$	97		$	8	$	80	$	78
Newly established prior service credit		—			—		61			—			—			6		—		—
Amortization of:
Prior service (credit) cost		(8	)		—		(3	)		—			—			—		1		—
Net actuarial loss		—			2		—			—			—			—		120		55
Prior service cost recognized due to curtailment		—			—		—			—			—			—		1		1
Net curtailment gain not recognized in expense		—			—		—			—			—			—		20		7
Net loss (gain) recognized in expense due to settlements		—			—		10			—			(11	)		—		—		1,542
Transfers		—			—		—			1			—			—		—		—
Total Income (loss) recognized in Other comprehensive income before fresh start accounting	$	(134	)	$	27	$	(187	)	$	(45	)	$	86		$	14	$	222	$	1,683
Effect of application of fresh start accounting																	$	1,955	$	418

The Company expects to recognize $7 million of prior service credits and $1 million of net actuarial losses as components of net periodic benefit cost over the next year.

33

Pension (income) expense for all defined benefit plans included:

	Successor																		Predecessor
(in millions)	Year Ended December 31, 2015						Year Ended December 31, 2014						Four Months Ended December 31, 2013						Eight Months Ended August 31, 2013
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
Major defined benefit plans:
Service cost	$	17		$	3		$	18		$	4		$	7		$	2		$	19		$	6
Interest cost		148			17			176			30			67			10			120			95
Expected return on plan assets		(272	)		(30	)		(295	)		(38	)		(122	)		(14	)		(236	)		(105	)
Amortization of:
Prior service credit		(8	)		—			(3	)		—			—			—			1			—
Actuarial loss		—			2			—			—			—			—			120			55
Pension (income) expense before special termination benefits, curtailments and settlements		(115	)		(8	)		(104	)		(4	)		(48	)		(2	)		24			51
Special termination benefits		9			—			8			—			—			—			—			—
Curtailment (gains) losses		—			—			—			—			—			(1	)		1			1
Settlement (gains) losses		—			—			10			—			(11	)		—			—			114
Net pension (income) expense for major defined benefit plans		(106	)		(8	)		(86	)		(4	)		(59	)		(3	)		25			166
Other plans including unfunded plans		—			4			—			8			—			—			4			19
Net pension (income) expense	$	(106	)	$	(4	)	$	(86	)	$	4		$	(59	)	$	(3	)	$	29		$	185

The pension (income) expense before special termination benefits, curtailments, and settlements reported above for the years ended December 31, 2015 and 2014, and the four months ended December 31, 2013 each include $1 million which is reported as (Loss) earnings from discontinued operations. The pension (income) expense before special termination benefits, curtailments, and settlements reported above for the eight months ended August 31, 2013 includes $40 million which was reported as (Loss) earnings from discontinued operations.

The special termination benefits of $9 million and $8 million for the years ended December 31, 2015 and December 31, 2014, respectively, were incurred as a result of Kodak’s restructuring actions and, therefore, have been included in Restructuring costs and other in the Consolidated Statement of Operations for those periods.

The $114 million of settlement losses for the eight months ended August 31, 2013 were incurred as a result of the Global Settlement, and have been included in (Loss) earnings from discontinued operations in the Consolidated Statement of Operations.

The weighted-average assumptions used to determine the benefit obligation amounts for all major funded and unfunded U.S. and Non-U.S. defined benefit plans were as follows:

	Successor																		Predecessor
	December 31, 2015						December 31, 2014						December 31, 2013						August 31, 2013
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
Discount rate		3.89	%		2.50	%		3.50	%		2.09	%		4.50	%		3.40	%		4.25	%		3.33	%
Salary increase rate		3.37	%		1.91	%		3.34	%		1.95	%		3.37	%		2.74	%		3.39	%		2.77	%

The weighted-average assumptions used to determine net pension (income) expense for all the major funded and unfunded U.S. and Non-U.S. defined benefit plans were as follows:

	Successor																		Predecessor
	Year Ended December 31, 2015						Year Ended December 31, 2014						Four Months Ended December 31, 2013						Eight Months Ended August 31, 2013
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
Discount rate		3.50	%		2.09	%		4.19	%		3.34	%		4.25	%		3.33	%		3.52	%		3.63	%
Salary increase rate		3.34	%		1.95	%		3.37	%		2.62	%		3.39	%		2.77	%		3.40	%		2.79	%
Expected long-term rate of return on plan assets		7.40	%		4.69	%		7.63	%		4.93	%		8.20	%		5.54	%		8.12	%		6.66	%

34

Plan Asset Investment Strategy

The investment strategy underlying the asset allocation for the pension assets is to achieve an optimal return on assets with an acceptable level of risk while providing for the long-term liabilities, and maintaining sufficient liquidity to pay current benefits and other cash obligations of the plans. This is primarily achieved by investing in a broad portfolio constructed of various asset classes including equity and equity-like investments, debt and debt-like investments, real estate, private equity and other assets and instruments. Long duration bonds and Treasury bond futures are used to partially match the long-term nature of plan liabilities. Other investment objectives include maintaining broad diversification between and within asset classes and fund managers, and managing asset volatility relative to plan liabilities.

Every three years, or when market conditions have changed materially, each of Kodak’s major pension plans will undertake an asset allocation or asset and liability modeling study. The asset allocation and expected return on the plans’ assets are individually set to provide for benefits and other cash obligations within each country’s legal investment constraints.

Actual allocations may vary from the target asset allocations due to market value fluctuations, the length of time it takes to implement changes in strategy, and the timing of cash contributions and cash requirements of the plans. The asset allocations are monitored, and are rebalanced in accordance with the policy set forth for each plan.

The total plan assets attributable to the major U.S. defined benefit plans at December 31, 2015 relate to KRIP. The expected long-term rate of return on plan assets assumption (“EROA”) is based on a combination of formal asset and liability studies that include forward-looking return expectations given the current asset allocation. A review of the EROA as of December 31, 2015, based upon the current asset allocation and forward-looking expected returns for the various asset classes in which KRIP invests, resulted in an EROA of 7.4%.

As with KRIP, the EROA assumptions for certain of Kodak’s other pension plans were reassessed as of December 31, 2015. The annual expected return on plan assets for the major non-U.S. pension plans range from 3.0% to 6.5% based on the plans’ respective asset allocations as of December 31, 2015.

Plan Asset Risk Management

Kodak evaluates its defined benefit plans’ asset portfolios for the existence of significant concentrations of risk. Types of concentrations that are evaluated include, but are not limited to, investment concentrations in a single entity, type of industry, foreign country, and individual fund. Foreign currency contracts and swaps are used to partially hedge foreign currency risk. Additionally, Kodak’s major defined benefit pension plans invest in government bond futures and long duration investment grade bonds to partially hedge the liability risk of the plans. As of December 31, 2015 and 2014, there were no significant concentrations (defined as greater than 10% of plan assets) of risk in Kodak’s defined benefit plan assets.

The Company’s weighted-average asset allocations for its major U.S. defined benefit pension plans by asset category, are as follows:

	As of December 31,
	2015			2014			2015 Target
Asset Category
Equity securities		15	%		15	%		12-18	%
Debt securities		35	%		35	%		32-38	%
Real estate		3	%		3	%		2-8	%
Cash and cash equivalents		1	%		3	%		0-6	%
Global balanced asset allocation funds		13	%		14	%		10-20	%
Other		33	%		30	%		25-35	%
Total		100	%		100	%

35

The Company’s weighted-average asset allocations for its major Non-U.S. defined benefit pension plans by asset category, are as follows:

	As of December 31,
	2015			2014			2015 Target
Asset Category
Equity securities		3	%		6	%		0-10	%
Debt securities		35	%		27	%		28-38	%
Real estate		0	%		1	%		0-5	%
Cash and cash equivalents		3	%		4	%		0-10	%
Global balanced asset allocation funds		6	%		11	%		0-10	%
Other		53	%		51	%		50-60	%
Total		100	%		100	%

Fair Value Measurements

Kodak’s asset allocations by level within the fair value hierarchy at December 31, 2015 and 2014 are presented in the tables below for Kodak’s major defined benefit plans. Kodak’s plan assets are accounted for at fair value and are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement, with the exception of investments for which fair value is measured using the net asset value per share expedient. Kodak’s assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation of fair value of assets and their placement within the fair value hierarchy levels.

Assets not utilizing the net asset value per share expedient are valued as follows: Equity and debt securities traded on an active market are valued using a market approach based on the closing price on the last business day of the year. Real estate investments are valued primarily based on independent appraisals and discounted cash flow models, taking into consideration discount rates and local market conditions. Cash and cash equivalents are valued utilizing cost approach valuation techniques. Other investments are valued using a combination of market, income, and cost approaches, based on the nature of the investment. Private equity investments are valued primarily based on independent appraisals, discounted cash flow models, cost, and comparable market transactions, which include inputs such as discount rates and pricing data from the most recent equity financing. Insurance contracts are primarily valued based on contract values, which approximate fair value. For investments with lagged pricing, Kodak uses the available net asset values, and also considers expected return, subsequent cash flows and relevant material events.

36

Major U.S. Plans

December 31, 2015

	U.S.
(in millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	2	$	—	$	—	$	32	$	34
Equity Securities		—		—		—		571		571
Debt Securities:
Government Bonds		—		—		—		924		924
Investment Grade Bonds		—		382		—		—		382
Real Estate		—		—		34		96		130
Global Balanced Asset Allocation Funds		—		—		—		492		492
Other:
Absolute Return		—		—		—		487		487
Private Equity		—		—		24		744		768
Derivatives with unrealized gains		5		—		—		—		5
	$	7	$	382	$	58	$	3,346	$	3,793

37

Major U.S. Plans

December 31, 2014

	U.S.
(in millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	1	$	—	$	—	$	114	$	115
Equity Securities		—		—		—		632		632
Debt Securities:
Government Bonds		—		—		—		989		989
Investment Grade Bonds		—		442		—		—		442
Real Estate		—		—		41		98		139
Global Balanced Asset Allocation Funds		—		—		—		587		587
Other:
Absolute Return		—		—		—		426		426
Private Equity		—		—		28		752		780
Derivatives with unrealized gains		50		—		—		—		50
	$	51	$	442	$	69	$	3,598	$	4,160

For Kodak’s major U.S. defined benefit pension plans, equity investments are invested broadly in U.S. equity, developed international equity, and emerging markets. Fixed income investments are comprised primarily of long duration U.S. Treasuries and investment-grade corporate bonds. Real estate investments primarily include investments in limited partnerships that invest in office, industrial, retail and apartment properties. Private equity investments are primarily comprised of limited partnerships and fund-of-fund investments that invest in distressed investments, venture capital, leveraged buyouts and special situations. Natural resource investments in oil and gas partnerships and timber funds are also included in this category. Absolute return investments are comprised of a diversified portfolio of hedge funds using equity, debt, commodity, and currency strategies held separate from the derivative-linked hedge funds described later in this footnote.

38

Major Non-U.S. Plans

December 31, 2015

	Non-U.S.
(in millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	5		$	—	$	—	$	16	$	21
Equity Securities		—			6		—		16		22
Debt Securities:
Government Bonds		—			39		—		117		156
Inflation-Linked Bonds		—			—		—		3		3
Investment Grade Bonds		—			45		—		45		90
Global High Yield & Emerging Market Debt		—			—		—		3		3
Real Estate		—			2		—		—		2
Global Balanced Asset Allocation Funds		—			—		—		47		47
Other:
Absolute Return		—			4		—		8		12
Private Equity		—			—		—		61		61
Insurance Contracts		—			311		—		—		311
Derivatives with unrealized gains		2			—		—		—		2
Derivatives with unrealized losses		(2	)		—		—		—		(2	)
	$	5		$	407	$	—	$	316	$	728

39

Major Non-U.S. Plans

December 31, 2014

	Non-U.S.
(in millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	4		$	—	$	—	$	32	$	36
Equity Securities		—			8		—		38		46
Debt Securities:
Government Bonds		—			39		—		114		153
Inflation-Linked Bonds		—			—		—		9		9
Investment Grade Bonds		—			37		—		—		37
Global High Yield & Emerging Market Debt		—			—		—		11		11
Real Estate		—			2		—		—		2
Global Balanced Asset Allocation Funds		—			1		—		90		91
Other:
Absolute Return		—			4		—		7		11
Private Equity		—			—		—		56		56
Insurance Contracts		—			340		—		—		340
Derivatives with unrealized gains		5			—		—		—		5
Derivatives with unrealized losses		(2	)		—		—		—		(2	)
	$	7		$	431	$	—	$	357	$	795

For Kodak’s major non-U.S. defined benefit pension plans, equity investments are invested broadly in local equity, developed international and emerging markets. Fixed income investments are comprised primarily of government and investment grade corporate bonds. Real estate investments primarily include investments in limited partnerships that invest in office, industrial, and retail properties. Private equity investments are comprised of limited partnerships and fund-of-fund investments that invest in distressed investments, venture capital and leveraged buyouts. Absolute return investments are comprised of a diversified portfolio of hedge funds using equity, debt, commodity, and currency strategies held separate from the derivative-linked hedge funds described later in this footnote.

For Kodak’s major defined benefit pension plans, certain investment managers are authorized to invest in derivatives such as futures, swaps, and currency forward contracts. Investments in derivatives are used to obtain desired exposure to a particular asset, index or bond duration and require only a portion of the total exposure to be invested as cash collateral. In instances where exposures are obtained via derivatives, the majority of the exposure value is available to be invested, and is typically invested, in a diversified portfolio of hedge fund strategies that generate returns in addition to the return generated by the derivatives. Of the December 31, 2015 investments shown in the major U.S. plans table above, 10% of the total pension assets represented equity securities exposure obtained via derivatives and are reported in equity securities, and 24% of the total pension assets represented U.S. government bond exposure, at 18 years target duration, obtained via derivatives and are reported in government bonds. Of the December 31, 2014 major U.S. plans investments, 9% and 25% of the total pension assets represented exposures to equity securities and U.S. government bonds (at 18 years target duration), respectively, obtained from the use of derivatives, and are reported in those respective classes.

Of the December 31, 2015 investments shown in the major Non-U.S. plans table above, 0% and 12% of the total pension assets represented derivatives exposures to equity securities and government bonds (at 13 years target duration), respectively, and are reported in those respective classes. Of the December 31, 2014 major Non-U.S. total pension investments, 1% and 9% of the total pension assets represented exposures to equity securities and government bonds (at 25 years target duration), respectively, obtained from the use of derivatives, and are reported in those respective classes.

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The following is a reconciliation of the beginning and ending balances of level 3 assets of Kodak’s major U.S. defined benefit pension plans:

(in millions)

	U.S.
	Balance at January 1, 2015		Net Realized and Unrealized Gains/(Losses)		Net Purchases and Sales			Net Transfer Into/(Out of) Level 3		Balance at December 31, 2015
Real Estate	$	41	$	6	$	(13	)	$	—	$	34
Private Equity		28		1		(5	)		—		24
Total	$	69	$	7	$	(18	)	$	—	$	58

	U.S.
	Balance at January 1, 2014		Net Realized and Unrealized Gains/(Losses)			Net Purchases and Sales			Net Transfer Into/(Out of) Level 3		Balance at December 31, 2014
Real Estate	$	47	$	—		$	(6	)	$	—	$	41
Private Equity		54		(12	)		(14	)		—		28
Total	$	101	$	(12	)	$	(20	)	$	—	$	69

Kodak expects to contribute $4 million in 2016 for the major Non-U.S. defined benefit pension plans and does not expect to make a contribution to KRIP in 2016.

The following pension benefit payments, which reflect expected future service, are expected to be paid:

(in millions)	U.S.		Non-U.S.
2016	$	357	$	47
2017		341		47
2018		331		46
2019		321		46
2020		311		45
2021-2025		1,401		214

NOTE 17: OTHER POSTRETIREMENT BENEFITS

The Company provided U.S. medical, dental, life insurance, and survivor income benefits to eligible retirees, long-term disability recipients and their spouses, dependents and survivors. Generally, to be eligible for these benefits, former employees leaving the Company prior to January 1, 1996 were required to be 55 years of age with ten years of service or their age plus years of service must have equaled or exceeded 75. For those leaving the Company after December 31, 1995, former employees were required to be 55 years of age with ten years of service or have been eligible as of December 31, 1995. These benefits are paid from the general assets of the Company as they are incurred.

The Company’s subsidiaries in Canada and the U.K. offer similar postretirement benefits. Information on the U.S., Canada and U.K. other postretirement plans is presented below.

On November 7, 2012, the Bankruptcy Court entered an order approving a settlement agreement between the Debtors and the Retiree Committee appointed by the U.S. Trustee which eliminated or reduced certain retiree benefits under the U.S. plan. The Company also eliminated all postretirement benefits for active employees in the U.S.

The measurement date used to determine the net benefit obligation for Kodak’s other postretirement benefit plans is December 31.

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Changes in Kodak’s benefit obligation and funded status were as follows:

	Year Ended December 31,
(in millions)	2015			2014
Net benefit obligation at beginning of period	$	86		$	95
Interest cost		3			4
Plan participants’ contributions		7			9
Actuarial (gain) loss		(8	)		2
Benefit payments		(12	)		(18	)
Currency adjustments		2			(6	)
Net benefit obligation at end of period	$	78		$	86
Underfunded status at end of period	$	(78	)	$	(86	)

Amounts recognized in the Consolidated Statement of Financial Position consist of:

	As of December 31,
(in millions)	2015			2014
Other current liabilities	$	(5	)	$	(8	)
Pension and other postretirement liabilities		(73	)		(78	)
	$	(78	)	$	(86	)

Amounts recognized in Accumulated other comprehensive loss consist of:

	As of December 31,
(in millions)	2015			2014
Net actuarial gain	$	(8	)	$	—
Total recorded in Accumulated other comprehensive income	$	(8	)	$	—

Changes in benefit obligations recognized in Other comprehensive (loss) income consist of:

	Year Ended December 31,
(in millions)	2015			2014
Newly established loss	$	(8	)	$	(2	)
Total loss recognized in Other comprehensive (loss) income	$	(8	)	$	(2	)

Other postretirement benefit cost included:

	Successor						Predecessor
(in millions)	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
Components of net postretirement benefit cost:
Service cost	$	—	$	—	$	—	$	—
Interest cost		3		4		1		3
Amortization of:
Prior service credit		—		—		—		(75	)
Actuarial loss		—		—		—		3
Other postretirement benefit cost (income) from continuing operations	$	3	$	4	$	1	$	(69	)

The weighted-average assumptions used to determine the net benefit obligations were as follows:

	Year Ended December 31,
	2015			2014
Discount rate		3.60	%		3.49	%
Salary increase rate		1.80	%		2.60	%

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The weighted-average assumptions used to determine the net postretirement benefit cost were as follows:

	Successor									Predecessor
	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Discount rate		3.49	%		4.28	%		4.09	%		3.23	%
Salary increase rate		2.60	%		2.50	%		2.50	%		2.50	%

The weighted-average assumed healthcare cost trend rates used to compute the other postretirement amounts were as follows:

	2015			2014
Healthcare cost trend		5.81	%		6.47	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)		4.21	%		4.65	%
Year that the rate reaches the ultimate trend rate		2022			2021

Assumed healthcare cost trend rates effect the amounts reported for the healthcare plans. A one-percentage point change in assumed healthcare cost trend rates would have the following effects:

(in millions)	1% increase		1% decrease
Effect on total service and interest cost	$	—	$	—
Effect on postretirement benefit obligation		4		(4	)

Kodak expects to make benefit payments of $5 million to these postretirement benefit plans in 2016.

The following other postretirement benefits, which reflect expected future service, are expected to be paid:

(in millions)
2016	$	5
2017		5
2018		5
2019		4
2020		4
2021-2025		19

NOTE 18: EARNINGS PER SHARE

Basic earnings per share are calculated using the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share calculations include any dilutive effect of potential common shares. In periods with a net loss from continuing operations, diluted earnings per share are calculated using weighted-average basic shares for that period, as utilizing diluted shares would be anti-dilutive to loss per share.

As a result of the net loss from continuing operations for the years ended December 31, 2015 and December 31, 2014 and four months ended December 31, 2013, Kodak calculated diluted earnings per share using weighted-average basic shares outstanding for those periods. If Kodak had reported earnings from continuing operations for the years ended December 31, 2015 and December 31, 2014 and four months ended December 31, 2013, the following potential shares of its common stock would have been dilutive in the computation of diluted earnings per share:

(in millions of shares)	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013
Unvested share-based awards		0.2		0.1		0.2
Warrants to purchase common shares		0.3		1.5		1.7
Total		0.5		1.6		1.9

The computation of diluted earnings per share for the years ended December 31, 2015 and December 31, 2014 also excluded 0.1 million shares associated with the assumed conversion of outstanding employee stock options because the effects would have been anti-dilutive. There were no employee stock options outstanding for the four months ended December 31, 2013.

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The Predecessor Company reported earnings from continuing operations for the eight months ended August 31, 2013. However, the computation of diluted earnings per share for the eight months ended August 31, 2013 excluded the assumed conversion of outstanding employee stock options and detachable warrants to purchase common shares, and approximately $400 million of convertible senior notes due 2017 because the effects would have been anti-dilutive. The following table sets forth the total amount of outstanding employee stock options and detachable warrants to purchase common shares as of August 31, 2013:

	Predecessor
(in millions of shares)	Eight Months Ended August 31, 2013
Employee stock options		7.0
Detachable warrants to purchase common shares		40.0
Total		47.0

NOTE 19: STOCK-BASED COMPENSATION

Kodak’s stock incentive plan is the 2013 Omnibus Incentive Plan (the “2013 Plan”). The 2013 Plan is administered by the Executive Compensation Committee of the Board of Directors.

Officers, directors and employees of the Company and its consolidated subsidiaries are eligible to receive awards. Stock options are generally non-qualified, are at exercise prices not less than 100% of the per share fair market value on the date of grant and expire seven years after the grant date. Stock-based compensation awards granted under Kodak’s stock incentive plan are generally subject to a three-year vesting period from the date of grant. Unless sooner terminated by the Executive Compensation Committee, no awards may be granted under the 2013 Plan after the tenth anniversary of the Effective Date.

The maximum number of shares of common stock that may be issued under the 2013 Plan is approximately 4.8 million. In addition, under the 2013 Plan, the maximum number of shares available for the grant of incentive stock options is 2.0 million shares. The maximum number of shares as to which stock options or stock appreciation rights may be granted to any one person under the 2013 Plan in any calendar year is 2.0 million shares. The maximum number of performance-based compensation awards that may be granted to any one employee under the 2013 Plan in any calendar year is 1.0 million shares or, in the event such award is paid in cash, $2.5 million. The maximum number of awards that may be granted to any non-employee director under the 2013 Plan in any calendar year may not exceed a number of awards with a grant date fair value of $900,000, computed as of the grant date.

Compensation expense is recognized on a straight-line basis over the service or performance period for each separately vesting tranche of the award and is adjusted for actual forfeitures before vesting. Kodak assesses the likelihood that performance-based shares will be earned based on the probability of meeting the performance criteria. For those performance-based awards that are deemed probable of achievement, expense is recorded, and for those awards that are deemed not probable of achievement, no expense is recorded. Kodak assesses the probability of achievement each quarter.

Restricted Stock Units

Restricted stock units are payable in shares of the Company common stock upon vesting. The fair value is based on the closing market price of the Company’s stock on the grant date. Compensation cost related to restricted stock units was $7 million for the years ended December 31, 2015 and 2014 and $1 million for the four months ending December 31, 2013.

As of December 31, 2015, there was $6 million of unrecognized compensation cost related to restricted stock units. The cost is expected to be recognized over a weighted average period of 1.5 years.

The following table summarizes information about restricted stock unit activity for the year ended December 31, 2015:

	Number of Restricted Stock Units			Weighted-Average Grant Date Fair Values
Outstanding on December 31, 2014		685,430		$	22.15
Granted		387,187		$	14.86
Vested		(237,957	)	$	21.73
Forfeited		(60,115	)	$	15.74
Outstanding on December 31, 2015		774,545		$	19.13

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Stock Options

The following table summarizes information about stock option activity for the year ended December 31, 2015:

	Shares Under Option			Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life (Years)
Outstanding on December 31, 2014		781,321		$	22.56
Granted		783,476		$	15.31
Forfeited		(44,002	)	$	20.25
Outstanding on December 31, 2015		1,520,795		$	18.89		6.17
Exercisable on December 31, 2015		273,205		$	22.61		5.73
Expected to vest December 31, 2015		1,247,590		$	18.08		6.27

There was no intrinsic value of options outstanding and exercisable due to the fact that the market price of the Company’s common stock as of December 31, 2015 was below the weighted average exercise price of options. There were no options exercises in 2015.

The weighted average grant date fair value of options granted for the years ended December 31, 2015 and 2014 was $5.94 and $7.74, respectively. The total fair value of options that vested during the year ended December 31, 2015 was $2 million. No options vested during the year ended December 31, 2014 and no options were granted during the four months ended December 31, 2013. Compensation cost related to stock options for the years ended December 31, 2015 and 2014 was $4 million and $1 million, respectively.

As of December 31, 2015, there was $5 million of unrecognized compensation cost related to stock options. The cost is expected to be recognized over a weighted average period of 1.6 years.

The fair value of each option award is estimated on the date of grant using the Black-Scholes option valuation model that uses the assumptions in the following table. Public trading of the Company’s common stock began on September 23, 2013, providing limited historical data upon which to base assumptions. The expected term of options granted is the period of time the options are expected to be outstanding and is calculated using a simplified method based on the option’s vesting period and original contractual term. The expected volatility was generally based on the historical volatility of a set of publicly-traded benchmark companies, taking into consideration the difference in leverage between the Company and the benchmark companies. The risk-free rate was based on the yield on U.S. Treasury notes with a term equal to the option’s expected term.

The following inputs were used for the valuation of option grants issued in each year:

	For the Years Ended December 31,
	2015	2014
Weighted-average fair value of options granted	$5.94	$7.74
Weighted-average risk-free interest rate	1.46%	1.46%
Range of risk-free interest rates	1.26%-1.60%	1.39%-1.51%
Weighted-average expected option lives	4.5 years	4.5 years
Expected option lives	4.5 years	4.5 years
Weighted-average volatility	46%	39%
Range of expected volatilities	40%-49%	36%-42%
Weighted-average expected dividend yield	0.0%	0.0%

Stock-based Awards Classified as Liabilities

Kodak will settle a portion of its 2015 incentive compensation plans with a variable amount of common stock based on the stock price at the time of settlement. The plans include minimum performance gates and annual performance metrics for 2015. The amount of incentive compensation to be paid is based on performance against the metrics. The fair value of the awards is determined based on a targeted dollar amount for the expected performance against the plans’ criteria as of the balance sheet date. The actual number of shares to be issued will be determined based on actual results achieved by Kodak, the stock price on the date of issuance and any discretion exercised by the Executive Compensation Committee. The shares will be issued under the 2013 Omnibus Incentive Plan. Stock compensation expense associated with these awards was approximately $5 million for the year ended December 31, 2015.

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Predecessor

Prior to the Effective Date, Kodak had shares or share-based awards outstanding under two share-based employee compensation plans consisting of the 2005 Omnibus Long-Term Compensation Plan (the “2005 Plan”), and the 2000 Omnibus Long-Term Compensation Plan (the “2000 Plan”). In conjunction with the Plan (see Note 24, “Emergence from Voluntary Reorganization under Chapter 11 Proceedings”), all shares, options, restricted shares and other share-based awards that were outstanding on the Effective Date were canceled.

Kodak recognized stock-based compensation expense in the amount of $3 million for the eight months ended August 31, 2013. There were no proceeds from the issuance of common stock through stock option plans for the eight months ended August 31, 2013.

NOTE 20: SHAREHOLDERS’ EQUITY

In connection with the Company’s reorganization and emergence from bankruptcy, all shares of the Predecessor Company’s common stock were canceled. The Successor Company has 560 million shares of authorized stock, consisting of: (i) 500 million shares of common stock, par value $0.01 per share and (ii) 60 million shares of preferred stock, no par value, issuable in one or more series. As of December 31, 2015 and December 31, 2014 there were 42.0 million and 41.9 million shares of common stock outstanding, respectively, and no shares of preferred stock issued and outstanding.

On the Effective Date, the Company issued, to the holders of general unsecured claims and the retiree settlement unsecured claim, net-share settled warrants to purchase: (i) 2.1 million shares of common stock at an exercise price of $14.93 and (ii) 2.1 million shares of common stock at an exercise price of $16.12. The warrants are classified as equity instruments and reported within Additional paid in capital in the Consolidated Statement of Financial Position at their fair value as of the Effective Date ($24 million). As of December 31, 2015, there were warrants outstanding to purchase 3.6 million shares of common stock.

During each of the years ended December 31, 2015 and December 31, 2014, the Company repurchased shares of common stock for approximately $1 million to satisfy tax withholding obligations in connection with the issuance of stock to employees under the 2013 Plan. Treasury stock consisted of approximately 0.3 million shares and 0.2 million shares at December 31, 2015 and December 31, 2014, respectively.

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NOTE 21: OTHER COMPREHENSIVE (LOSS) INCOME

The changes in Other comprehensive (loss) income, by component, were as follows:

(in millions)			Successor									Predecessor
			Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Currency translation adjustments			$	(35	)	$	(33	)	$	1		$	4
Reclassification adjustment for losses included in Other charges (net), before tax				2			—			—			—
Reclassification adjustment for losses included in Other charges (net), net of tax				2			—			—			—
Pension and other postretirement benefit plan changes
Newly established prior service credit				4			61			6			—
Newly established net actuarial (loss) gain				(88	)		(278	)		95			393
Tax (benefit) provision				(5	)		7			(3	)		(14	)
Newly established prior service credit and net actuarial (loss) gain, net of tax				(89	)		(210	)		98			379
Reclassification adjustments:
Amortization of prior service credit	(a	)		(8	)		(3	)		—			(75	)
Amortization of actuarial (gains) losses	(a	)		(2	)		1			—			185
Recognition of losses due to settlements and curtailments	(a	)		1			10			—			1,563
Total reclassification adjustments				(9	)		8			—			1,673
Tax (provision)				—			—			—			(448	)
Reclassification adjustments, net of tax				(9	)		8			—			1,225
Pension and other postretirement benefit plan changes, net of tax				(98	)		(202	)		98			1,604
Other comprehensive (loss) income			$	(131	)	$	(235	)	$	99		$	1,608

^(a)  Reclassified to Pension (income) expense–refer to Note 16, “Retirement Plans” and Note 17, “Other Postretirement Benefits” for additional information.

NOTE 22: ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

Accumulated other comprehensive (loss) income is composed of the following:

	As of December 31,
(in millions)	2015			2014
Currency translation adjustments	$	(67	)	$	(32	)
Available for sale securities		2		$	—
Pension and other postretirement benefit plan changes		(202	)		(104	)
Ending balance	$	(267	)	$	(136	)

NOTE 23: SEGMENT INFORMATION

Effective January 1, 2015, Kodak has seven reportable segments: Print Systems, Enterprise Inkjet Systems, Micro 3D Printing and Packaging, Software and Solutions, Consumer and Film, Intellectual Property Solutions and Eastman Business Park. The balance of Kodak’s continuing operations, which do not meet the criteria of a reportable segment, are reported in All Other. Prior period segment results have been revised to conform to the current period segment reporting structure. A description of the reportable segments follows.

Print Systems: The Print Systems segment is comprised of two lines of business: Prepress Solutions and Electrophotographic Printing Solutions.

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Micro 3D Printing and Packaging: The Micro 3D Printing and Packaging segment is comprised of two lines of business: Packaging and Micro 3D Printing.

Software and Solutions: The Software and Solutions segment is comprised of two lines of business: Kodak Technology Solutions and Unified Workflow Solutions.

Consumer and Film: The Consumer and Film segment is comprised of three lines of business: Consumer Inkjet Solutions; Motion Picture, Industrial Chemicals and Films, and Consumer Products.

Enterprise Inkjet Systems: The Enterprise Inkjet Systems segment is comprised of the KODAK VERSAMARK business.

Intellectual Property Solutions: The Intellectual Property Solutions segment includes licensing and research and development activities not directly related to the other segments.

Eastman Business Park: The Eastman Business Park segment includes the operations of the Eastman Business Park, a more than 1,200 acre technology center and industrial complex.

All Other: All Other is composed of Kodak’s consumer film business in countries where that business had not yet transferred ownership to the KPP Purchasing Parties (as defined in Note 15 “Discontinued Operations”) and the RED utilities variable interest entity.

Segment financial information is shown below. Asset information by segment is not disclosed as this information is not separately identified and reported to the Chief Operating Decision Maker (“CODM”).

Net Revenues from Continuing Operations by Reportable Segment

	Successor						Predecessor
	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
(in millions)
Print Systems	$	1,106	$	1,257	$	485	$	844
Micro 3D Printing and Packaging		128		130		42		75
Software and Solutions		112		108		39		82
Consumer and Film		265		352		147		371
Enterprise Inkjet Systems		84		115		53		95
Intellectual Property Solutions		1		70		9		1
Eastman Business Park		13		14		4		4
All Other		—		—		3		36
Consolidated total	$	1,709	$	2,046	$	782	$	1,508

Segment Measure of Profit and Loss

Kodak’s segment measure of profit and loss is an adjusted earnings before interest, taxes, depreciation and amortization (“Operational EBITDA”). As demonstrated in the table below, Operational EBITDA represents the income (loss) from continuing operations excluding the provision (benefit) for income taxes; depreciation and amortization expense; corporate components of pension and OPEB income; restructuring costs; stock-based compensation expense; change in U.S. vacation benefits; consulting and other costs; idle costs; overhead costs no longer absorbed by discontinued operations; manufacturing costs originally planned to be absorbed by silver halide touch screen production; other operating (expense) income, net (unless otherwise indicated); loss on early extinguishment of debt; interest expense; other (charges) income, net; reorganization items, net and; in prior periods, the impact of certain fresh start accounting adjustments.

Kodak’s segments are measured using Operational EBITDA both before and after allocation of corporate selling, general and administrative expenses (“SG&A”). The segment earnings measure reported is after allocation of corporate SG&A as this most closely aligns with U.S. GAAP. Research and development activities not directly related to the other segments are reported within the Intellectual Property Solutions segment.

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Change in Segment Measure of Profit and Loss

During the third quarter of 2015 a $3 million gain was recognized related to assets that were acquired for no monetary consideration. The gain was reported in Other operating (income) expense, net in the Consolidated Statement of Operations. Other operating (income) expense, net is typically excluded from the segment measure. However, this particular gain was included in the Micro 3D Printing and Packaging segment’s earnings for the year ended 2015. No other periods were impacted by this change.

During the first quarter of 2016, Kodak changed its segment measure of profit and loss. The segment measure excludes overhead costs no longer absorbed by discontinued operations (see description below). In addition, manufacturing costs originally planned to be absorbed by silver halide touch screen production are excluded from the segment measure of profit and loss.

Segment Operational EBITDA and Consolidated Loss from Continuing Operations Before Income Taxes

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Print Systems	$	99		$	94		$	38		$	33
Micro 3D Printing and Packaging (6)		11			—			—			(3	)
Software & Solutions		9			3			(1	)		(11	)
Consumer & Film		52			66			34			127
Enterprise Inkjet Systems		20			35			14			29
Intellectual Property Solutions		(22	)		40			(2	)		(19	)
Eastman Business Park		2			1			4			1
Total of reportable segments		171			239			87			157
All Other		4			4			4			5
Depreciation and amortization		(134	)		(191	)		(73	)		(93	)
Corporate components of pension and OPEB income (1)		133			110			67			43
Restructuring costs and other		(37	)		(56	)		(17	)		(45	)
Overhead supporting, but not directly absorbed by discontinued operations (2)		(21	)		(30	)		(16	)		(52	)
Stock-based compensation		(17	)		(8	)		(1	)		(3	)
Change in U.S. vacation benefits (3)		16			—			—			—
Consulting and other costs (4)		(14	)		(7	)		(2	)		(1	)
Idle costs (5)		(3	)		(4	)		—			1
Manufacturing costs originally planned to be absorbed by silver halide touch screen production (6)		(2	)		(1	)		—			—
Fresh start adjustments		—			—			(74	)		—
Other operating (expense) income, net excluding gain related to Unipixel termination (7)		(5	)		(9	)		(2	)		495
Loss on early extinguishment of debt, net (8)		—			—			—			(8	)
Interest expense (8)		(63	)		(62	)		(22	)		(106	)
Other charges, net (8)		(21	)		(21	)		10			(13	)
Reorganization items, net (8)		(5	)		(13	)		(16	)		2,026
Consolidated earnings (loss) from continuing operations before income taxes	$	2		$	(49	)	$	(55	)	$	2,406

⁽¹⁾  Composed of interest cost, expected return on plan assets, amortization of actuarial gains and losses, and curtailments and settlement components of pension and other postretirement benefit expenses.

⁽²⁾  Primarily consists of costs for shared resources allocated to the Prosper Enterprise Inkjet business discontinued operation in the prior year period which are now included in the results of continuing operations and an estimate of costs for shared resources which would have been allocated to the Prosper Enterprise Inkjet business discontinued operation in the current year period had the business remained in continuing operations

⁽³⁾  In the fourth quarter of 2015, Kodak changed the timing of when U.S. employees earn their vacation benefits which reduced the related accrual as of December 31, 2015.

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⁽⁴⁾  Consulting and other costs are primarily related to professional services provided for corporate strategic initiatives in the current year period. The prior year periods primarily represent the cost of AlixPartners filling interim executive positions which are not captured within “Reorganization items, net” as well as consulting services provided by former executives during transitional periods.

⁽⁵⁾  Consists of third party costs such as security, maintenance, and utilities required to maintain land and buildings in certain locations not used in any Kodak operations.

⁽⁶⁾  Consists of manufacturing costs originally planned to be absorbed by silver halide touch screen production which are now excluded from the segment measure of profit and loss.

⁽⁷⁾  In 2015 a $3 million gain was recognized related to assets that were acquired for no monetary consideration as a part of the termination of the relationship with Unipixel. The gain was reported in Other operating income (expense), net in the Consolidated Statement of Operations. Other operating income (expense), net is typically excluded from the segment measure. However, this particular gain was included in the Micro 3D Printing and Packaging segment’s earnings in 2015.

⁽⁸⁾  As reported in the Consolidated Statement of Operations

Amortization and depreciation expense by segment are not included in the segment measure of profit and loss but are regularly provided to the CODM.

	Successor						Predecessor
(in millions) Intangible asset amortization expense from continuing operations:	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
Print Systems	$	9	$	9	$	3	$	6
Enterprise Inkjet Systems		—		—		—		—
Micro 3D Packaging & Printing		9		9		3		1
Software & Solutions		2		2		1		1
Consumer & Film		1		1		—		—
Consolidated total	$	21	$	21	$	7	$	8

	Successor						Predecessor
(in millions) Depreciation expense from continuing operations:	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
Print Systems	$	39	$	51	$	19	$	34
Enterprise Inkjet Systems		5		8		4		6
Micro 3D Packaging & Printing		6		8		3		4
Software & Solutions		1		2		1		2
Consumer & Film		30		65		23		23
Intellectual Property Solutions		2		8		4		2
Eastman Business Park		6		11		7		7
Sub-total		89		153		61		78
Other		16		15		5		3
Restructuring-related depreciation		8		2		—		4
Consolidated total	$	113	$	170	$	66	$	85

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Geographic Information

	Successor						Predecessor
(in millions) Net sales to external customers attributed to (1):	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
The United States	$	588	$	728	$	237	$	509
Europe, Middle East and Africa		569		698		270		528
Asia Pacific		376		433		200		322
Canada and Latin America		176		187		75		149
Non U.S. countries total		1,121		1,318		545		999
Consolidated total	$	1,709	$	2,046	$	782	$	1,508

⁽¹⁾  Sales are reported in the geographic area in which they originate. No non-U.S. country generated more than 10% of net sales in the years ended December 31, 2015 and December 31, 2014, four months ended December 31, 2013 or eight months ended August 31, 2013.

(in millions)	As of December 31,
Property, plant and equipment, net located in:	2015		2014		2013
The United States	$	199	$	253	$	378
Europe, Middle East and Africa		43		66		91
Asia Pacific		74		72		83
Canada and Latin America		78		110		132
Non U.S. countries total (1)		195		248		306
Consolidated total	$	394	$	501	$	684

⁽¹⁾  Of the total non U.S. property, plant and equipment in 2015, $64 million are located in Brazil and $58 million are located in China. Of the total non U.S. property, plant and equipment in 2014, $95 million are located in Brazil and $56 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 2015, 2014 or 2013.

Major Customers

No single customer represented 10% or more of Kodak’s total net revenue in any year presented.

NOTE 24: EMERGENCE FROM VOLUNTARY REORGANIZATION UNDER CHAPTER 11 PROCEEDINGS

PLAN OF REORGANIZATION

On August 23, 2013, the Bankruptcy Court entered an order (the “Confirmation Order”) confirming the revised First Amended Joint Chapter 11 Plan of Reorganization of Eastman Kodak Company and its Debtor Affiliates (the “Plan”). On September 3, 2013 (the “Effective Date”), the Plan became effective and the Debtors emerged from the Chapter 11 Cases.

On or following the Effective Date and pursuant to the terms of the Plan, the following occurred:

• The Debtors’ obligations under the second lien notes indentures, unsecured notes indentures, stock certificates, equity interests, and / or any other instrument or document directly or indirectly evidencing or creating any indebtedness or obligation of, or ownership interest in, the Debtors or giving rise to any claim or equity interest were cancelled, except as provided under the Plan;

• The Company’s certificate of incorporation was amended and restated to authorize the issuance of 560 million shares of stock, consisting of 60 million shares of preferred stock, no par value, and 500 million shares of common stock, par value $0.01 per share;

• The Company entered into a senior secured first lien term loan agreement and senior secured second lien term loan agreement for an aggregate principal amount of $695 million and a $200 million senior secured asset-based revolving credit facility;

• The Company issued 34 million shares of common stock to unsecured creditors and the Backstop Parties (as defined below) at a per share price of $11.94, for an aggregate purchase price of approximately $406 million. In addition, the Company issued 1.7 million shares of common stock to the Backstop Parties in payment of fees pursuant to the Backstop Commitment Agreement (as defined below);

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• The Company issued 6 million shares of common stock and net-share settled warrants to purchase: (i) approximately 2.1 million shares of new common stock at an exercise price of $14.93 and (ii) approximately 2.1 million shares of new common stock at an exercise price of $16.12, to the holders of general unsecured and retiree committee unsecured claims;

• The Debtors established a liquidating trust (the “Kodak GUC Trust”) for the benefit of holders of general unsecured and retiree committee unsecured claims, into which certain avoidance actions of the Debtors were transferred;

• The Debtors paid approximately $94 million in administrative, priority or secured claims; and

• The Debtors resolved claims held by the Kodak Pension Plan of the United Kingdom (the “U.K. Pension Plan”) pursuant to the terms of the Global Settlement (as defined below).

Backstop Commitment Agreement and Rights Offering

On June 26, 2013, the Bankruptcy Court approved the Company’s entry into a backstop commitment agreement (the “Backstop Commitment Agreement”) with GSO Capital Partners LP, on behalf of various managed funds, BlueMountain Capital Management, LLC, on behalf of various managed funds, George Karfunkel, United Equities Commodities Company, Momar Corporation and Contrarian Capital Management, LLC, on behalf of Contrarian Funds, LLC (collectively, the “Backstop Parties”), associated with rights offerings to offer eligible creditors, including the Backstop Parties, up to 34 million shares of common stock for the per share purchase price of $11.94, or an aggregate purchase price of approximately $406 million.

A portion of the shares issued in the rights offerings are restricted securities for purposes of Rule 144 under the Securities Act of 1933 and may not be offered, sold or otherwise transferred absent registration under the Securities Act of 1933 or an applicable exemption from registration requirements. The shares issued to participants in the rights offerings were issued in reliance upon the exemption from registration under the Securities Act of 1933 provided by Regulation D thereunder and/or Section 4(a)(2) thereof; or under Section 1145 of the Bankruptcy Code as securities of a debtor issued principally in exchange for claims against a debtor and partly in exchange for cash pursuant to a plan of reorganization.

Registration Rights Agreement

On the Effective Date, the Company and the Backstop Parties executed a registration rights agreement (the “Registration Rights Agreement”). The Registration Rights Agreement, among other rights, provides the Backstop Parties with certain registration rights with respect to the common stock.

Stockholders holding registrable securities representing 25% of the outstanding common stock as of the Effective Date may require the Company to facilitate a registered offering of registrable securities; provided that if such registration has not been consummated prior to the second anniversary of the Effective Date, stockholders holding registrable securities representing 10% of the outstanding common stock as of the Effective Date may require the Company to facilitate such an offering (such offering, the “Initial Registration”). The registrable securities requested to be sold in the Initial Registration must have an aggregate market value of at least $75 million.

Following the Initial Registration, stockholders holding 10% or more of the outstanding registrable securities may demand that the Company file a shelf registration statement and effectuate one or more takedowns off of such shelf, or, if a shelf is not available, effectuate one or more stand-alone registered offerings, provided that such non-shelf registered offerings or shelf takedowns may not be requested more than four times and, in each case, shall include shares having an aggregate market value of at least $75 million. Beginning on the second anniversary of the Effective Date, upon request of a stockholder, the Company shall amend its existing shelf registration statement to register additional registrable securities as set forth in the Registration Rights Agreement. Stockholders also have the right to include their registrable securities in the Initial Registration or any other non-shelf registered offering or shelf takedown of the common stock by the Company for its own account or for the account of any holders of common stock.

KPP Global Settlement

The Company had previously issued (pre-petition) a guarantee to Kodak Limited (the “Subsidiary”) and KPP Trustees Limited (“KPP” or the “Trustee”), as trustee for the U.K. Pension Plan. Under that arrangement, EKC guaranteed to the Subsidiary and the Trustee the ability of the Subsidiary, only to the extent it became necessary to do so, to (1) make contributions to the U.K. Pension Plan to ensure sufficient assets existed to make plan benefit payments, as they became due, if the Subsidiary otherwise would not have sufficient assets and (2) make contributions to the U.K. Pension Plan such that it would achieve fully funded status by the funding valuation for the period ending December 31, 2022.

The Subsidiary agreed to make certain contributions to the U.K. Pension Plan as determined by a funding plan agreed to by the Trustee. The Subsidiary did not pay the annual contributions due by the funding plan for 2012 or 2013. The Trustee asserted an unsecured claim against the Company of approximately $2.8 billion under the guarantee. The Subsidiary also asserted an unsecured claim under the guarantee for an unliquidated amount. The Trustee also asserted an unliquidated claim against all Debtors, as financial support direction and contribution notice claims.

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On April 26, 2013, Eastman Kodak Company, the Trustee, Kodak Limited and certain other Kodak entities entered into a global settlement agreement (the “Global Settlement”) that resolved all liabilities of Kodak with respect to the U.K. Pension Plan. The Global Settlement also provided for the acquisition by KPP and/or its subsidiaries of certain assets, and the assumption by KPP and/or its subsidiaries of certain liabilities of Kodak’s Personalized Imaging and Document Imaging businesses (together the “PI/DI Business”) under a Stock and Asset Purchase Agreement dated April 26, 2013 (the “SAPA”).

On August 30, 2013, the Company entered into an agreement (the “Amended SAPA”) amending and restating the SAPA. The Amended SAPA provided for, among other things, a series of deferred closings to take place in certain foreign jurisdictions following the initial closing under the Amended SAPA. The deferred closings implemented the legal transfer of the PI/DI Business to KPP subsidiaries in the deferred closing foreign jurisdictions in accordance with local law. Pursuant to the Amended SAPA, Kodak operated the PI/DI Business relating to the deferred closing jurisdictions, subject to certain covenants, until the applicable deferred closing occurred, and delivered to (or received from) a KPP subsidiary at each deferred closing a payment reflecting the actual economic benefit (or detriment) to the PI/DI Business in the applicable deferred closing jurisdiction(s) from September 1, 2013 through the time of the applicable deferred closing. Up to the time of the deferred closing, the results of the operations of the PI/DI Business were reported as Loss (earnings) from discontinued operations, net of income taxes in the Consolidated Statement of Operations and the assets and liabilities of the PI/DI Business were categorized as Assets held for sale or Liabilities held for sale in the Consolidated Statement of Financial Position, as appropriate.

On the Effective Date, the following occurred pursuant to the Amended SAPA and Global Settlement:

• The acquisition by KPP Holdco Limited (“KPP Holdco”), a wholly owned subsidiary of KPP, and certain direct and indirect subsidiaries of KPP Holdco (together with KPP Holdco, the “KPP Purchasing Parties”), of certain assets of the PI/DI Business, and the assumption by the KPP Purchasing Parties of certain liabilities of the PI/DI Business, for a total purchase price, exclusive of the assumption of liabilities, of $650 million, of which a gross $525 million was paid in cash (net cash consideration of $325 million) and the balance of which was settled by a $125 million note issued by the KPP (the “KPP Note”).

• The KPP Note was cancelled after being assigned by the Company to the Subsidiary and subsequently assigned by the Subsidiary to KPP as settlement, by way of setoff, of an equal amount of outstanding pension liabilities of the Subsidiary to KPP.

• The cash consideration was comprised of $325 million sourced from assets of the U.K. Pension Plan and $200 million sourced from a payment by the Subsidiary to KPP as payment for outstanding pension liabilities of the Subsidiary to KPP.

• Up to $35 million in aggregate of the purchase price is subject to repayment to KPP if the PI/DI Business does not achieve certain annual adjusted EBITDA targets over the four-year period ending December 31, 2018.

SECTION 363 ASSET SALES

On February 1, 2013, Kodak entered into a series of agreements related to the monetization of certain of its intellectual property assets, including the sale of its digital imaging patents. Under these agreements, Kodak received approximately $530 million, a portion of which was paid by twelve licensees that received a license to the digital imaging patent portfolio and other patents owned by Kodak. Another portion was paid by Intellectual Ventures Fund 83 LLC (“Intellectual Ventures”) and Apple, Inc., each of which acquired a portion of the digital imaging patent portfolio, subject to the licenses granted to the twelve new licensees, and previously existing licenses. In addition, Kodak retained a license to the digital imaging patents for its own use. In connection with this transaction, the Company entered into a separate agreement with FUJIFILM Corporation (“Fuji”) whereby, among other things, Fuji granted Kodak the right to sub-license certain Fuji patents to businesses Kodak ultimately sold as part of the Plan. The Debtors also agreed to allow Fuji a general unsecured claim against the Debtors in the amount of $70 million that was discharged pursuant to the terms of the Plan.

EASTMAN BUSINESS PARK SETTLEMENT AGREEMENT

On June 17, 2013, the Company, the New York State Department of Environmental Conservation and the New York State Urban Development Corporation, d/b/a Empire State Development entered into a settlement agreement, subsequently amended on August 6, 2013 (the “Amended EBP Settlement Agreement”). The Amended EBP Settlement Agreement was subject to the satisfaction or waiver of certain conditions including a covenant not to sue from the EPA. On May 13, 2014, the Bankruptcy Court approved the U.S. Environmental Settlement, which contained the EPA covenant not to sue, and on May 20, 2014 the Amended EBP Settlement Agreement was implemented and became effective. The Amended EBP Settlement Agreement included the settlement of certain of the Company’s historical environmental liabilities at EBP through the establishment of the EBP Trust as follows: (i) the EBP Trust is responsible for investigation and remediation at EBP arising from the Company’s historical subsurface environmental liabilities in existence prior to the effective date of the Amended EBP Settlement Agreement, (ii) the Company funded the EBP Trust on the effective date with a $49 million cash payment and transferred certain equipment and fixtures used for remediation at EBP and (iii) in the event the historical liabilities exceed $99 million, the Company will become liable for 50% of the portion above $99 million. Prior to the implementation of the Amended EBP Settlement Agreement, $49 million was already held in a separate trust and escrow account.

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OTHER POSTEMPLOYMENT BENEFITS

On November 7, 2012, the Bankruptcy Court entered an order approving a settlement agreement between the Debtors and the Official Committee of Retired Employees appointed by the U.S. Trustee under the chapter 11 proceedings (the “Retiree Committee”). Under the settlement agreement, the Debtors no longer provide retiree medical, dental, life insurance and survivor income benefits to current and future retirees after December 31, 2012 (other than COBRA continuation coverage of medical and/or dental benefits or conversion coverage as required by applicable benefit plans or applicable law), and the Retiree Committee established a trust from which some limited benefits for some retirees may be provided after December 31, 2012. The trust or related account was funded by the following contributions from the Debtors: $7.5 million in cash paid by the Company in the fourth quarter of 2012, an administrative claim against the Debtors in the amount of $15 million that was paid on the Effective Date, and a general unsecured claim against the Debtors in the amount of $635 million that was discharged upon emergence from chapter 11 pursuant to the terms of the Plan.

RETIREES’ SETTLEMENT

The Debtors’ estimated allowed claims for pre-petition obligations for the Kodak Excess Retirement Income Plan (the “KERIP”), the Kodak Unfunded Retirement Income Plan (the “KURIP”), the Kodak Company Global Pension Plan for International Employees, and individual letter agreements with certain current and former employees that provided for supplemental non-qualified pension benefits were reported as Liabilities subject to compromise in the accompanying Consolidated Statement of Financial Position.

On April 30, 2013, Eastman Kodak Retirees Association Ltd. and certain holders of KERIP and KURIP claims (together with the Debtors, the “Settlement Parties”) filed a motion (the “Motion”) requesting that the Bankruptcy Court appoint a committee pursuant to section 1102(a)(2) of the Bankruptcy Code, to represent the interests of the holders of the KERIP and KURIP claims, and asserted that they and certain other holders of the KERIP and KURIP claims disagreed with the underlying discount rates and mortality tables used by the Debtors to calculate the KERIP and KURIP estimated allowed claim amounts. Subsequent to the filing of the Motion, the Settlement Parties entered into a stipulation (the “Stipulation”) approved by an order of the Bankruptcy Court, which became effective on July 18, 2013, for a total allowed claim of approximately $244 million. During August 2013 a provision for expected allowed claims of approximately $27 million was reflected in Reorganization Items, net in the accompanying Consolidated Statement of Operations to increase the recorded liability to what was ultimately agreed to in the Stipulation.

On the Effective Date, the claim was discharged upon emergence pursuant to the terms of the Plan.

NOTE 25: FRESH START ACCOUNTING

In connection with the Company’s emergence from chapter 11, Kodak applied the provisions of fresh start accounting to its financial statements as (i) the holders of existing voting shares of the Predecessor Company received less than 50% of the voting shares of the emerging entity and (ii) the reorganization value of Kodak’s assets immediately prior to confirmation was less than the post-petition liabilities and allowed claims. Kodak applied fresh start accounting as of September 1, 2013.

Upon the application of fresh start accounting, Kodak allocated the reorganization value to its individual assets based on their estimated fair values. Reorganization value represents the fair value of the Successor Company’s assets before considering liabilities. The excess reorganization value over the fair value of identified tangible and intangible assets is reported as goodwill.

Reorganization Value

In support of the Plan, the enterprise value of the Successor Company was estimated to be in the range of $875 million to $1.4 billion. As part of determining the reorganization value, Kodak estimated the enterprise value of the Successor Company to be $1 billion utilizing the guideline public company method and discounted cash flow method.

To estimate fair value utilizing the guideline public company method, Kodak applied valuation multiples, derived from the operating data of publicly-traded benchmark companies, to the same operating data of Kodak. The comparable public company analysis identified a group of comparable companies giving consideration to lines of business and markets served, size and geography. The valuation multiples were derived based on projected financial measures of revenue and earnings before interest, taxes, depreciation and amortization (“EBITDA”) and applied to projected operating data of Kodak. The range of multiples for the comparable companies was between .2x-.9x of revenue and 2.5x-8.0x of EBITDA.

To estimate fair value utilizing the discounted cash flow method, Kodak established an estimate of future cash flows for the period ranging from September 1, 2013 to December 31, 2022 and discounted the estimated future cash flows to present value. The expected cash flows for the period September 1, 2013 to December 31, 2017 were based on the financial projections and assumptions utilized in the disclosure statement. The expected cash flows for the period January 1, 2018 to December 31, 2022 were derived from earnings forecasts and assumptions regarding growth and margin projections, as applicable. A terminal value was included, calculated using the constant growth method, based on the cash flows of the final year of the forecast period.

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The discount rate of 29% was estimated based on an after-tax weighted average cost of capital (“WACC”) reflecting the rate of return that would be expected by a market participant. The WACC also takes into consideration a company specific risk premium reflecting the risk associated with the overall uncertainty of the financial projections used to estimate future cash flows.

As the valuation approaches produced comparable ranges of enterprise value, Kodak selected equal weighting of the guideline public company method and discounted cash flow method to estimate the enterprise value.

The following table reconciles the enterprise value to the estimated fair value of Successor common stock as of the Effective Date:

(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

The fair value of debt and capitalized lease obligations represents $44 million of short term borrowings, $14 million of capitalized lease obligations and $676 million of long-term debt. The fair value of long-term debt was determined based on a market approach utilizing market yields and was estimated to be approximately 97% of par value. The fair value of capitalized lease obligations was determined based on market rents while the fair value of short term debt approximated its carrying value.

The fair value of pension and other post retirement obligations was determined based on a discounted cash flow method of expected cash contributions/benefit payments for the period of September 1, 2013 to December 31, 2099. The expected cash contributions were discounted to present value using a discount rate of 3.5%.

The fair value of the warrants was estimated using a Black-Scholes pricing model with the following assumptions: implied stock price of $14.11; strike price of $14.93 for 125% warrants and $16.12 for 135% warrants; expected volatility of 47% for 125% warrants and 48% for 135% warrants; expected dividend rate of 0.0%; risk free interest rate of 1.67%; expiration date of five years.

The following table reconciles the enterprise value to the estimated reorganization value as of the Effective Date:

(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

The fair value of non-debt liabilities represents total liabilities of the Successor Company on the Effective Date less Short term borrowings and current portion of long-term debt, Long-term debt, net of current portion, $14 million in capital lease obligations and $18 million in other non-operating liabilities.

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Consolidated Statement of Financial Position

The adjustments set forth in the following consolidated Statement of Financial Position reflect the effect of the consummation of the transactions contemplated by the Plan (reflected in the column “Reorganization Adjustments”) as well as fair value adjustments as a result of the adoption of fresh start accounting (reflected in the column “Fresh Start Adjustments”). The explanatory notes highlight methods used to determine fair values or other amounts of the assets and liabilities as well as significant assumptions or inputs.

(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

^(a)  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 27, “Discontinued Operations” for additional information.

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Reorganization adjustments

⁽¹⁾  Reflects the net cash payments recorded as of the Effective Date from implementation of the Plan:

(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	)

Other fees and expenses represent $7 million payment for accrued and unpaid interest related to the repayment of debt and $9 million payment for emergence and success fees, which is included in Reorganization items, net in the Consolidated Statement of Operations.

⁽²⁾  Reflects the funding of $80 million to the professional fee escrow account for professional fees accrued at emergence and $18 million related to the EBP Settlement Agreement. Refer to Note 24, “Emergence from Voluntary Reorganization under Chapter 11 Proceedings” for additional information regarding the EBP Settlement Agreement.

⁽³⁾  Reflects the expiration of tax attributes, which was fully offset by a corresponding decrease in Kodak’s U.S. valuation allowance, as a result of the Debtors’ emergence from chapter 11 bankruptcy proceedings. Refer to Note 14, “Income Taxes” for additional information.

⁽⁴⁾  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.

⁽⁵⁾  Represents the funding of $15 million in cash collateralization for letters of credit under the ABL Credit Facility.

⁽⁶⁾  Represents $8 million of debt issuance costs incurred related to the Emergence Credit Facilities.

⁽⁷⁾  Represents the write-off of $5 million of deferred debt issuance costs upon repayment in full of all loans outstanding under the 9.75% senior secured notes due 2018 and 10.625% senior secured notes due 2019 and the write-off of $3 million of deferred equity issuance costs. These amounts have been included in Reorganization items, net in the Consolidated Statement of Operations.

⁽⁸⁾  Represents $6 million in claims expected to be satisfied in cash that were reclassified from Liabilities subject to compromise.

⁽⁹⁾  Represents $3 million of accrued expenses related to the Emergence Credit Facilities that have been deferred and recorded as part of Other Current assets.

⁽¹⁰⁾  Represents $13 million in success fees accrued upon emergence that have been included in Reorganization items, net in the Consolidated Statement of Operations.

⁽¹¹⁾  On the Effective Date, the Company repaid in full all term loans outstanding under the Junior DIP Credit Agreement for an aggregate remaining principal amount of approximately $644 million offset by $3 million of unamortized debt discount that was written off upon repayment of the debt and is included in Reorganization items, net in the Consolidated Statement of Operations.

⁽¹²⁾  Represents $4 million of principal amount recorded as short-term borrowings pursuant to the terms of the Emergence Credit Facility.

⁽¹³⁾  On the Effective Date, the Company paid $7 million of accrued and unpaid interest related to the repayment of debt and $10 million in administrative claims that was included within Other current liabilities.

⁽¹⁴⁾  Represents $29 million in claims expected to be settled in cash and $9 million of liabilities that have been retained by Kodak in accordance with the Plan that have been reclassified from Liabilities subject to compromise.

57

⁽¹⁵⁾  On the Effective Date, the Company repaid in full all loans outstanding under the 9.75% senior secured notes due 2018 and 10.625% senior secured notes due 2019 for an aggregate principal amount of approximately $375 million offset by $5 million of unamortized debt discount that was written off upon repayment of the debt and is included in Reorganization items, net in the Consolidated Statement of Operations.

⁽¹⁶⁾  Upon issuance of the Term Loans under the Emergence Credit Facility, the Company received net proceeds of approximately $669 million, of which $4 million of the principal amount of the loans is recorded as short-term borrowings pursuant to the terms of the Emergence Credit Facility.

⁽¹⁷⁾  Liabilities subject to compromise were settled as follows in accordance with the Plan:

(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

Refer to explanation #18 for the determination of fair value for equity issued to unsecured creditors.

⁽¹⁸⁾  Reflects the issuance of 34 million shares of common stock at a per share price of $11.94 in connection with the Rights Offering, 6 million shares of common stock issued to the holders of general unsecured and retiree committee unsecured claims valued at $14.11 per share, 1.7 million shares of common stock valued at $14.11 per share issued to the Backstop Parties in connection with the Backstop Commitment Agreement, 0.1 million shares of common stock issued under Kodak’s 2013 Omnibus Incentive Plan on the Effective Date, and issuance of warrants valued at $24 million.

⁽¹⁹⁾  Reflects the cancellation of Predecessor Company equity to retained earnings.

⁽²⁰⁾  Reflects the cumulative impact of the reorganization adjustments discussed above:

(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	)

The net gain on reorganization adjustments has been included in Reorganization items, net in the Consolidated Statement of Operations.

Fresh Start adjustments

⁽²¹⁾  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.

58

• 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:

	Successor		Predecessor
(in millions)	As of September 1, 2013		As of August 31, 2013
Finished goods	$	280	$	235
Work in process		120		99
Raw materials		102		101
Total	$	502	$	435

⁽²²⁾  Represents fair value adjustment to the assets and liabilities of the Company’s Personalized Imaging and Document Imaging businesses in delayed close countries.

⁽²³⁾  Represents the net decrease in tax assets and tax liabilities associated with adjustments for fresh start accounting.

⁽²⁴⁾  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:

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

For property, plant and equipment owned at September 1, 2013, the depreciable lives were revised to reflect the remaining estimated useful lives. Refer to Note 1, “Basis of Presentation and Significant Accounting Policies” for additional information.

⁽²⁵⁾  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:

	Successor
(in millions)	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

Refer to Note 5, “Goodwill and Other Intangible Assets” for Successor goodwill by reportable segment.

59

⁽²⁶⁾  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.

⁽²⁷⁾  Represents the write-off of deferred costs under various licensing transactions now being reflected in intangible assets.

⁽²⁸⁾  Represents the write-off of unamortized debt issuance costs related to the Emergence Credit Facilities.

⁽²⁹⁾  Represents the revaluation of pension and other postretirement obligations. Refer to Note 16, “Retirement plans “and Note 17, “Other postretirement benefits” for additional information.

⁽³⁰⁾  Represents the revaluation of deferred revenues to the fair value of Kodak’s related future performance obligations.

⁽³¹⁾  Represents the write-off of unamortized debt discounts related to the Emergence Credit Facilities based on the fair value of debt.

⁽³²⁾  Represents $38 million decrease in capitalized lease obligations determined based on market rents, $19 million decrease related to the remeasurement of employee benefit obligations offset by net $4 million increase in fair value adjustment related to asset retirement obligations and other miscellaneous liabilities.

60

⁽³³⁾  Reflects the increase in fair value of the 34 million shares of common stock issued in connection with the Rights Offering from $11.94 to $14.11 per share.

⁽³⁴⁾  Reflects the cumulative impact of fresh start adjustments as discussed above and the elimination of the Predecessor Company’s accumulated other comprehensive loss.

(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	)

The net gain on fresh start adjustments has been included in Reorganization items, net in the Consolidated Statement of Operations.

NOTE 26: REORGANIZATION ITEMS, NET

A summary of reorganization items, net is presented in the following table:

	Successor								Predecessor
(in millions)	Year Ended December 31, 2015		Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Professional fees	$	1	$	10		$	19		$	114
Provision for expected allowed claims		—		(1	)		—			133
Net gain on reorganization adjustments		—		—			—			(1,957	)
Net gain on fresh start adjustments		—		—			—			(302	)
Other items, net		4		4			(3	)		(14	)
Reorganization items, net	$	5	$	13		$	16		$	(2,026	)
Cash payments for reorganization items	$	9	$	21		$	85		$	210

Subsequent to the Effective Date, costs directly attributable to the implementation of the Plan are reported as Reorganization items, net. The cash payments for reorganization items for the eight months ended August 31, 2013 includes $84 million of claims related to liabilities subject to compromise paid on the Effective Date. Refer to Note 25, “Fresh Start Accounting” for additional information on the net gain on reorganization and fresh start adjustments.

NOTE 27: DISCONTINUED OPERATIONS

Discontinued operations of Kodak include the Prosper Business, the PI/DI Business (excluding the consumer film business, for which Kodak entered into an ongoing supply arrangement with one or more parties) and other miscellaneous businesses.

KODAK PROSPER Enterprise Inkjet Business

In March 2016 Kodak announced that it is in talks with prospective buyers about offers to purchase its KODAK PROSPER Enterprise Inkjet business (the “Prosper Business”). The results of operations of the Prosper Business are classified as discontinued operations in the Consolidated Statement of Operations for all periods presented. Additionally, the assets and liabilities associated with the Prosper Business are classified as held for sale in the Consolidated Statement of Financial Position as of December 31, 2015 and 2014. Kodak anticipates the sale of the Prosper Business may take up to a year to complete.

61

The results of operations of the Prosper Business are presented in the following table:

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Revenues	$	89		$	70		$	30		$	38
Cost of sales		86			74			28			50
Selling, general and administrative expenses		22			26			9			16
Research and development expenses		17			30			12			22
Restructuring costs and other		1			3			—			—
Loss from discontinued operations, before income taxes		(37	)		(63	)		(19	)		(50	)
(Provision) benefit for income taxes		(2	)		—			—			—
Loss from discontinued operations, net of income taxes	$	(39	)	$	(63	)	$	(19	)	$	(50	)

The following table presents the aggregate carrying amount of major assets and liabilities of the Prosper Business:

(in millions)	December 31, 2015		December 31, 2014
ASSETS
Cash and cash equivalents	$	1	$	—
Receivables, net		15		12
Inventories, net		51		57
Property, plant and equipment, net		32		23
Intangible assets, net		38		42
Other assets		4		3
Assets of business held for sale	$	141	$	137
LIABILITIES
Accounts payable, trade	$	9	$	7
Current portion of long-term debt		1		—
Other current liabilities		12		23
Long-term debt, net of current portion		2		—
Pension and other postretirement liabilities		4		5
Other long-term liabilities		1		2
Liabilities of business held for sale	$	29	$	37

Current assets held for sale as of both December 31, 2015 and 2014 and Current liabilities held for sale as of December 31, 2014 in the Consolidated Statement of Financial Position included items under contract for sale not associated with the Prosper Business or the PI/DI Business. An additional $2 million was reported in Current assets held for sale as of for both December 31, 2015 and 2014. An additional $9 million was reported in Current liabilities held for sale as of December 31, 2014.

The following table presents cash flow information associated with the Prosper Business:

	Successor						Predecessor
(in millions)	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
Depreciation	$	6	$	4	$	1	$	2
Amortization		4		4		1		2
Capital expenditures		3		1		1		—

Depreciation and amortization of long-lived assets of the Prosper Business included in discontinued operations ceased on April 1, 2016.

62

Personalized Imaging and Document Imaging Businesses

On the Effective Date, as a part of the Global Settlement and pursuant to the Amended SAPA, Kodak consummated the sale of certain assets of the PI/DI Business to the KPP Purchasing Parties for net cash consideration, in addition to the assumption by the KPP Purchasing Parties of certain liabilities of the PI/DI Business, of $325 million. Up to $35 million in aggregate of the purchase price is subject to repayment to KPP if the PI/DI Business does not achieve certain annual adjusted EBITDA targets over the four-year period ending December 31, 2018. Certain assets and liabilities of the PI/DI Business in certain jurisdictions were not transferred at the initial closing, which took place on the Effective Date, but were transferred at a series of deferred closings in accordance with the Amended SAPA. The final deferred closing occurred in September 2015. Kodak operated the PI/DI Business related to the deferred closing jurisdictions, subject to certain covenants, until the applicable deferred closing occurred, and delivered to (or received from) a KPP subsidiary at each deferred closing a true-up payment that reflected the actual economic benefit (or detriment) to the PI/DI Business in the applicable deferred closing jurisdiction(s) from the time of the initial closing through the time of the applicable deferred closing. Up to the time of the deferred closing, the results of the operations of the PI/DI Business were being reported as (Loss) earnings from discontinued operations, net of income taxes in the Consolidated Statement of Operations and the assets and liabilities of the PI/DI Business were being categorized as Assets held for sale or Liabilities held for sale in the Consolidated Statement of Financial Position, as appropriate.

Kodak recognized a pre-tax loss on the sale of the PI/DI Business of approximately $163 million during the third quarter 2013 predecessor period. The pre-tax loss excluded recognition of $64 million of non-refundable consideration related to the delayed closings, which non-refundable consideration was received on the Effective Date, and $35 million of contingent consideration, subject to repayment to KPP which was also received by Kodak on the Effective Date. The pre-tax loss included the recognition of approximately $1.5 billion of unamortized pension losses previously reported in Accumulated other comprehensive income.

On March 17, 2014, the KPP Purchasing Parties agreed to pay Kodak $20 million of incremental consideration ($13 million was paid in March 2014 and the remainder was paid in March 2015) in lieu of working capital adjustments contemplated by the Amended SAPA.

The following table summarizes the major classes of assets and liabilities related to the disposition of the PI/DI Business which have been segregated and reported as part of Current assets held for sale and Current liabilities held for sale in the Consolidated Statement of Financial Position:

	As of December 31,
(in millions)	2015		2014
Inventories, net	$	—	$	2
Property, plant and equipment, net		—		4
Other assets		—		6
Current assets held for sale	$	—	$	12
Trade payables	$	—	$	1
Current liabilities held for sale	$	—	$	1

The significant components of revenues and earnings (loss) from discontinued operations of the PI/DI Business and other miscellaneous businesses (excluding Prosper), net of income taxes are as follows:

	Successor									Predecessor
	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
(in millions)
Revenues from Personalized and Document Imaging	$	1		$	61		$	77		$	738
Revenues from other discontinued operations		—			—			1			23
Total revenues from discontinued operations	$	1		$	61		$	78		$	761
Pre-tax (loss) earnings from Personalized and Document Imaging	$	(5	)	$	9		$	5		$	(217	)
Pre-tax loss from other discontinued operations		—			—			1			(14	)
(Provision) benefit for income taxes related to discontinued operations		(3	)		(5	)		(2	)		96
Earnings (loss) from discontinued operations, net of income taxes	$	(8	)	$	4		$	4		$	(135	)

The $5 million in pre-tax loss recognized in 2015 represents costs incurred related to the final deferred closing.

63

Kodak was required to use a portion of the proceeds from the divestiture of the Business to repay $200 million of the Junior DIP Credit Agreement. Interest expense on the debt that was required to be repaid as a result of the sale of the Pl/Dl Business has therefore been allocated to discontinued operations ($14 million for the eight months ended August 31, 2013).

Depreciation and amortization of long-lived assets of the Pl/Dl Business included in discontinued operations ceased as of July 1, 2013.

Direct operating expenses of the discontinued operations are included in the results of discontinued operations. Indirect expenses that were historically allocated to the discontinued operations have been included in the results of continuing operations. Prior period results have been reclassified to conform to the current period presentation.

QUARTERLY SALES AND EARNINGS DATA (UNAUDITED)

(in millions, except per share data)	4th Qtr.					3rd Qtr.					2nd Qtr.			1st Qtr.
2015
Net revenues from continuing operations	$	439				$	425				$	434		$	411
Gross profit from continuing operations		117					94					84			83
Earnings (loss) from continuing operations		30		(3	)		(6	)				(15	)		(37	)
Loss from discontinued operations (4)		(7	)				(15	)				(8	)		(17	)
Net earnings (loss) attributable to Eastman Kodak Company		24					(22	)				(24	)		(58	)
Basic and diluted net earnings (loss) per share attributable to Eastman Kodak Company
Continuing operations	$	0.74				$	(0.17	)			$	(0.38	)	$	(0.97	)
Discontinued operations		(0.17	)				(0.36	)				(0.19	)		(0.41	)
Total	$	0.57				$	(0.53	)			$	(0.57	)	$	(1.38	)
(in millions, except per share data)	4th Qtr.					3rd Qtr.					2nd Qtr.			1st Qtr.
2014
Net revenues from continuing operations	$	514				$	550				$	510		$	472
Gross profit from continuing operations		(108	)				158					104			90
(Loss) earnings from continuing operations		(25	)	(2	)		47		(1	)		(44	)		(35	)
(Loss) earnings from discontinued operations (4)		(14	)				(29	)				(17	)		1
Net (loss) earnings attributable to Eastman Kodak Company		(42	)				17					(62	)		(36	)
Basic net (loss) earnings per share attributable to Eastman Kodak Company
Continuing operations	$	(0.67	)			$	1.10				$	(1.08	)	$	(0.88	)
Discontinued operations		(0.33	)				(0.69	)				(0.41	)		0.02
Total	$	(1.00	)			$	0.41				$	(1.49	)	$	(0.86	)
Diluted net (loss) earnings per share attributable to Eastman Kodak Company
Continuing operations	$	(0.67	)			$	1.06				$	(1.08	)	$	(0.88	)
Discontinued operations		(0.33	)				(0.67	)				(0.41	)		0.02
Total	$	(1.00	)			$	0.39				$	(1.49	)	$	(0.86	)

⁽¹⁾  Includes pre-tax licensing revenue of $51 million which increased net earnings from continuing operations by $51 million.

⁽²⁾  Includes pre-tax charge of $16 million from the remeasurement of the Venezuelan subsidiary monetary assets and liabilities, which decreased net earnings from continuing operations by $16 million.

⁽³⁾  Includes $16 million pre-tax benefit from the change in U.S. vacation benefits, which increased net earnings from continuing operations by $16 million.

⁽⁴⁾  Refer to Note 27, “Discontinued Operations”, in the Notes to Financial Statements for a discussion regarding discontinued operations.

64

EX-99.5

Exhibit 99.5

PART IV

ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES

			Page
(a)	1.	Consolidated financial statements:
		Report of independent registered public accounting firm		1
		Consolidated statement of operations		3
		Consolidated statement of comprehensive (loss) income		4
		Consolidated statement of financial position		5
		Consolidated statement of equity (deficit)		6
		Consolidated statement of cash flows		8
		Notes to financial statements		10
	2.	Financial statement schedule:
		II - Valuation and qualifying accounts		107
		All other schedules have been omitted because they are not applicable or the information required is shown in the financial statements or notes thereto.
	3.	Supplemental data:
		Quarterly sales and earnings data (unaudited)		105
	4.	Exhibits required as part of this report are listed in the index appearing on pages 133 through 136.

1

Schedule II

Eastman Kodak Company

Valuation and Qualifying Accounts

(in millions)	Beginning Balance		Additions		Net Deductions and Other		Ending Balance
Year ended December 31, 2015 (Successor)
Reserve for doubtful accounts	$	11		4		5	$	10
Deferred tax valuation allowance	$	1,127		182		108	$	1,201
Year ended December 31, 2014 (Successor)
Reserve for doubtful accounts	$	6		5		—	$	11
Deferred tax valuation allowance	$	953		257		83	$	1,127
Four Months ended December 31, 2013 (Successor)
Reserve for doubtful accounts	$	—		6		—	$	6
Deferred tax valuation allowance	$	1,273		157		477	$	953
In connection with the application of fresh start accounting on September 1, 2013, the carrying value of trade receivables was adjusted to fair value, eliminating the reserve for doubtful accounts.
Eight Months ended August 31, 2013 (Predecessor)
Reserve for doubtful accounts	$	30		—		8	$	22
Deferred tax valuation allowance	$	2,838		180		1,745	$	1,273

2

XML

Document And Entity Information	12 Months Ended
	Dec. 31, 2015
Document And Entity Information [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Trading Symbol	kodk
Entity Registrant Name	Eastman Kodak Co
Entity Central Index Key	0000031235

XML

Consolidated Statement of Operations - USD ($) shares in Millions, $ in Millions		4 Months Ended	8 Months Ended	12 Months Ended
		Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015		Dec. 31, 2014
Cost of revenues
Restructuring costs and other			$ 52
Loss from discontinued operations, net of income taxes		$ 1	40	$ 1		$ 1
Successor [Member]
Revenues
Sales		653		1,379		1,686
Services		129		330		360
Total net revenues		782		1,709	[1]	2,046	[1]
Cost of revenues
Sales		561		1,105		1,328
Services		103		226		258
Total cost of revenues		664		1,331		1,586
Gross profit		118		378		460
Selling, general and administrative expenses		105		204		284
Research and development costs		21		44		64
Restructuring costs and other		17		37		56
Other operating expense (income), net		2		2		9
Earnings (loss) from continuing operations before interest expense, loss on early extinguishment of debt, net, other (charges) income, net, reorganization items, net and income taxes		(27)		91		47
Interest expense		22		63		62
Other (charges) income, net		10		(21)		(21)
Reorganization items, net		16		5		13
Earnings (loss) from continuing operations before income taxes		(55)		2		(49)
Provision for income taxes		8		30		10
(Loss) earnings from continuing operations		(63)		(28)		(59)
Loss from discontinued operations, net of income taxes		(15)		(47)		(59)
NET (LOSS) EARNINGS		(78)		(75)		(118)
Less: Net income attributable to noncontrolling interests		3		5		5
NET (LOSS) EARNINGS ATTRIBUTABLE TO EASTMAN KODAK COMPANY		$ (81)		$ (80)		$ (123)
Basic and diluted (loss) earnings per share attributable to Eastman Kodak Company common shareholders:
Continuing operations		$ (1.58)		$ (0.79)		$ (1.54)
Discontinued operations		(0.36)		(1.12)		(1.41)
Total		$ (1.94)		$ (1.91)		$ (2.95)
Number of common shares used in basic and diluted (loss) earnings per share (in Shares)		41.7		41.9		41.7
Predecessor [Member]
Revenues
Sales			1,238
Services			270
Total net revenues	[1]		1,508
Cost of revenues
Sales			924
Services			204
Total cost of revenues			1,128
Gross profit			380
Selling, general and administrative expenses			281
Research and development costs			44
Restructuring costs and other			43
Other operating expense (income), net			(495)
Earnings (loss) from continuing operations before interest expense, loss on early extinguishment of debt, net, other (charges) income, net, reorganization items, net and income taxes			507
Interest expense			106
Loss on early extinguishment of debt, net			8
Other (charges) income, net			(13)
Reorganization items, net			(2,026)
Earnings (loss) from continuing operations before income taxes			2,406
Provision for income taxes			156
(Loss) earnings from continuing operations			2,250
Loss from discontinued operations, net of income taxes			(184)
NET (LOSS) EARNINGS			2,066
NET (LOSS) EARNINGS ATTRIBUTABLE TO EASTMAN KODAK COMPANY			$ 2,066
Basic and diluted (loss) earnings per share attributable to Eastman Kodak Company common shareholders:
Continuing operations			$ 8.25
Discontinued operations			(0.67)
Total			$ 7.58
Number of common shares used in basic and diluted (loss) earnings per share (in Shares)			272.7

[1] Sales are reported in the geographic area in which they originate. No non-U.S. country generated more than 10% of net sales in the years ended December 31, 2015 and December 31, 2014, four months ended December 31, 2013 or eight months ended August 31, 2013.

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Consolidated Statement of Comprehensive (Loss) Income - USD ($) $ in Millions	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Successor [Member]
NET (LOSS) EARNINGS	$ (78)		$ (75)	$ (118)
Less: net income attributable to noncontrolling interests	3		5	5
NET (LOSS) EARNINGS ATTRIBUTABLE TO EASTMAN KODAK COMPANY	(81)		(80)	(123)
Other comprehensive (loss) income, net:
Currency translation adjustments	1		(35)	(33)
Reclassification of realized losses on available-for-sale securities included in net earnings, net of tax			2
Pension and other postretirement benefit plan obligation activity, net of tax	98		(98)	(202)
Other comprehensive (loss) income, net attributable to Eastman Kodak Company	99		(131)	(235)
COMPREHENSIVE (LOSS) INCOME, NET ATTRIBUTABLE TO EASTMAN KODAK COMPANY	$ 18		$ (211)	$ (358)
Predecessor [Member]
NET (LOSS) EARNINGS		$ 2,066
NET (LOSS) EARNINGS ATTRIBUTABLE TO EASTMAN KODAK COMPANY		2,066
Other comprehensive (loss) income, net:
Currency translation adjustments		4
Pension and other postretirement benefit plan obligation activity, net of tax		1,604
Other comprehensive (loss) income, net attributable to Eastman Kodak Company		1,608
COMPREHENSIVE (LOSS) INCOME, NET ATTRIBUTABLE TO EASTMAN KODAK COMPANY		$ 3,674

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Consolidated Statement of Financial Position - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents	$ 546	$ 712
Receivables, net	350	402
Inventories, net	263	292
Deferred income taxes	22	31
Other current assets	25	28
Current assets held for sale	72	85
Total current assets	1,278	1,550
Property, plant and equipment, net of accumulated depreciation of $314 and $223, respectively	394	501
Goodwill	88	96
Intangible assets, net	119	140
Restricted cash	43	37
Deferred income taxes	23	38
Other long-term assets	122	128
Long-term assets held for sale	71	66
TOTAL ASSETS	2,138	2,556
LIABILITIES AND EQUITY
Accounts payable, trade	186	205
Short-term borrowings and current portion of long-term debt	4	5
Other current liabilities	247	349
Current liabilities held for sale	22	39
Total current liabilities	459	598
Long-term debt, net of current portion	673	672
Pension and other postretirement liabilities	619	657
Other long-term liabilities	277	322
Long-term liabilities held for sale	7	8
Total liabilities	2,035	2,257
Commitments and contingencies (Note 9)
Equity
Common stock, $0.01 par value
Additional paid in capital	633	621
Treasury stock, at cost	(5)	(4)
Accumulated deficit	(283)	(204)
Accumulated other comprehensive (loss) income	(267)	(136)
Total Eastman Kodak Company shareholders’ equity	78	277
Noncontrolling interests	25	22
Total equity	103	299
TOTAL LIABILITIES AND EQUITY	$ 2,138	$ 2,556

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Consolidated Statement of Financial Position (Parentheticals) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Statement Of Financial Position [Abstract]
Property, plant and equipment, accumulated depreciation	$ 314	$ 223
Common stock, par value	$ 0.01	$ 0.01

XML

Consolidated Statement of Equity (Deficit) - USD ($) $ in Millions		Total	Post-eliminations [Member]	Common Stock [Member]	Common Stock [Member] Pre-eliminations [Member]	Additional Paid-in Capital [Member]	Additional Paid-in Capital [Member] Pre-eliminations [Member]	Retained Earnings [Member]	Retained Earnings [Member] Pre-eliminations [Member]	AOCI Attributable to Parent [Member]	AOCI Attributable to Parent [Member] Pre-eliminations [Member]	Treasury Stock [Member]	Treasury Stock [Member] Pre-eliminations [Member]	Parent [Member]	Parent [Member] Pre-eliminations [Member]	Noncontrolling Interest [Member]	Noncontrolling Interest [Member] Pre-eliminations [Member]	Noncontrolling Interest [Member] Post-eliminations [Member]
Equity (deficit) (Predecessor [Member]) at Dec. 31, 2012		$ (3,677)		$ 978		$ 1,105		$ 2,600		$ (2,616)		$ (5,746)		$ (3,679)		$ 2
Net (loss) income | Predecessor [Member]		2,066						2,066						2,066
Currency translation adjustments | Predecessor [Member]		4								4				4
Pension and other postretirement liability adjustments | Predecessor [Member]		1,604								1,604				1,604
Total other comprehensive income | Predecessor [Member]		1,608								1,608				1,608
Stock-based compensation | Predecessor [Member]		3				3								3
Issuance of treasury stock, net (446,501 shares) | Predecessor [Member]	[1]					(3)		(32)				35
Equity (deficit) (Predecessor [Member]) at Aug. 31, 2013		10	$ 10		$ 978		$ 1,105		$ 4,634		$ (1,008)		$ (5,711)		$ (2)	10	$ 2	$ 10
Equity (deficit) (Successor [Member]) at Aug. 31, 2013		623				613								613		10
Investment in variable interest entity | Predecessor [Member]		8														8
Cancellation of Predecessor Company equity | Predecessor [Member]		2		$ (978)		(1,105)		(4,634)		1,008		5,711		2
Issuance of Successor Company common stock | Predecessor [Member]		613				613								613
Equity transactions with noncontrolling interest | Successor [Member]		7														7
Net (loss) income | Successor [Member]		(78)						(81)						(81)		3
Currency translation adjustments | Successor [Member]		1								1				1
Pension and other postretirement liability adjustments | Successor [Member]		98								98				98
Total other comprehensive income | Successor [Member]		99
Stock-based compensation | Successor [Member]		1				1								1
Purchases of treasury stock, net | Successor [Member]	[2]	(4)				(1)						(3)		(4)
Equity (deficit) (Successor [Member]) at Dec. 31, 2013		648				613		(81)		99		(3)		628		20
Equity transactions with noncontrolling interest | Successor [Member]		(3)														(3)
Net (loss) income | Successor [Member]		(118)						(123)						(123)		5
Currency translation adjustments | Successor [Member]		(33)								(33)				(33)
Pension and other postretirement liability adjustments | Successor [Member]		(202)								(202)				(202)
Total other comprehensive income | Successor [Member]		(235)
Stock-based compensation | Successor [Member]		8				8								8
Purchases of treasury stock, net | Successor [Member]	[2]	(1)										(1)		(1)
Equity (deficit) (Successor [Member]) at Dec. 31, 2014		299				621		(204)		(136)		(4)		277		22
Equity (deficit) at Dec. 31, 2014		299
Equity transactions with noncontrolling interest | Successor [Member]		(1)						1						1		(2)
Net (loss) income | Successor [Member]		(75)						(80)						(80)		5
Currency translation adjustments | Successor [Member]		(35)								(35)				(35)
Reclassification of realized losses on available-for-sale securities included in net earnings, net of tax | Successor [Member]		2								2				2
Pension and other postretirement liability adjustments | Successor [Member]		(98)								(98)				(98)
Total other comprehensive income | Successor [Member]		(131)
Stock-based compensation | Successor [Member]		12				12								12
Purchases of treasury stock, net | Successor [Member]	[2]	(1)										(1)		(1)
Equity (deficit) (Successor [Member]) at Dec. 31, 2015		103				$ 633		$ (283)		$ (267)		$ (5)		$ 78		$ 25
Equity (deficit) at Dec. 31, 2015		$ 103

[1] Includes stock awards issued, offset by shares surrendered for taxes.

[2] Represents purchases of common stock and/ or warrants to satisfy tax withholding obligations.

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Consolidated Statement of Equity (Deficit) (Parentheticals) - $ / shares	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Statement Of Stockholders Equity [Abstract]
Issuance of treasury stock, shares		446,501
Purchases of treasury stock, shares	152,746		84,678	44,911
Preferred Stock, Shares Authorized			60,000,000
Preferred Stock, No Par Value			$ 0	$ 0

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Consolidated Statement of Cash Flows - USD ($) $ in Millions		4 Months Ended		8 Months Ended	12 Months Ended
		Dec. 31, 2013		Aug. 31, 2013	Dec. 31, 2015		Dec. 31, 2014
Adjustments to reconcile to net cash used in operating activities:
Foreign exchange loss from remeasurement of Venezuela monetary assets					$ (2)		$ (16)
Cash flows from financing activities:
Cash and cash equivalents, beginning of period					712
Cash and cash equivalents, end of period					546		712
Successor [Member]
Cash flows from operating activities:
Net (loss) earnings		$ (78)			(75)		(118)
Adjustments to reconcile to net cash used in operating activities:
Depreciation and amortization		75			145		199
Pension and other postretirement (income) expense		(61)			(107)		(78)
Stock based compensation		1			18		8
Change in U.S. vacation benefits					(17)
Net gains on sales of businesses/assets		(6)			(4)		(23)
Gain on assets acquired for no monetary consideration					(3)
Foreign exchange loss from remeasurement of Venezuela monetary assets							16
Non-cash restructuring costs, asset impairments and other charges		9			9		13
Reorganization items:
Payment of claims					(10)		(2)
Other non-cash reorganization items, net		3			4		8
Provision (benefit) for deferred income taxes		(2)			6		5
Decrease (increase) in receivables		(72)			15		143
Decrease (increase) in inventories		147			12		4
Decrease in liabilities excluding borrowings		(105)			(109)		(307)
Other items, net		(13)			21		4
Total adjustments		(24)			(20)		(10)
Net cash used in operating activities		(102)			(95)		(128)
Cash flows from investing activities:
Additions to properties		(21)			(43)		(43)
Net proceeds from sales of businesses/assets , net		9			2		18
(Funding) use of restricted cash		93			(10)		68
Marketable securities – purchases							(2)
Net cash (used in) provided by investing activities		81			(51)		41
Cash flows from financing activities:
Repayment of emergence credit facilities		(2)			(4)		(4)
Net proceeds of other borrowings					5		1
Equity transactions of noncontrolling interests		7			(1)		(3)
Treasury stock purchases		(3)			(1)		(1)
Repayment of other borrowings		(40)
Net cash used in financing activities		(38)			(1)		(7)
Effect of exchange rate changes on cash		5			(18)		(38)
Net decrease in cash and cash equivalents		(54)			(165)		(132)
Cash and cash equivalents, beginning of period		898			712	[1]	844	[1]
Cash and cash equivalents, end of period		844	[1]	$ 898	547	[1]	712	[1]
Cash paid for interest and income taxes was:
Interest, net of portion capitalized of $2 as of December 31, 2015, $3 as of December 31, 2014 and $0 as of December 31, 2013 and August 31, 2013.		22			60		65
Income taxes (net of refunds)		18			$ 12		$ 14
Predecessor [Member]
Cash flows from operating activities:
Net (loss) earnings				2,066
Adjustments to reconcile to net cash used in operating activities:
Depreciation and amortization				118
Pension and other postretirement (income) expense				145
Stock based compensation				3
Net gains on sales of businesses/assets				(407)
Loss on early extinguishment of debt				8
Non-cash restructuring costs, asset impairments and other charges				81
Reorganization items:
Non-cash reorganization gain				(1,964)
Payment of claims				(94)
Fresh start adjustments, net				(302)
Other non-cash reorganization items, net				119
Provision (benefit) for deferred income taxes				448
Decrease (increase) in receivables				105
Decrease (increase) in inventories				(27)
Decrease in liabilities excluding borrowings				(595)
Other items, net				(269)
Total adjustments				(2,631)
Net cash used in operating activities				(565)
Cash flows from investing activities:
Additions to properties				(18)
Net proceeds from sales of businesses/assets , net				827
(Funding) use of restricted cash				(134)
Marketable securities – sales				21
Marketable securities – purchases				(17)
Net cash (used in) provided by investing activities				679
Cash flows from financing activities:
Proceeds from Emergence credit facilities				664
Proceeds from Senior and Junior DIP Credit Agreements				450
Repayment of other borrowings				(375)
Proceeds from Rights Offerings				406
Contingent consideration received with sale of business				35
Net cash used in financing activities				(328)
Effect of exchange rate changes on cash				(23)
Net decrease in cash and cash equivalents				(237)
Cash and cash equivalents, beginning of period		$ 898	[1]	1,135
Cash and cash equivalents, end of period	[1]			898
Cash paid for interest and income taxes was:
Interest, net of portion capitalized of $2 as of December 31, 2015, $3 as of December 31, 2014 and $0 as of December 31, 2013 and August 31, 2013.				179
Income taxes (net of refunds)				34
Predecessor [Member] | Original Senior DIP Credit Agreement [Member]
Cash flows from financing activities:
Repayment of other borrowings				(664)
Predecessor [Member] | Junior DIP Credit Agreement Term Loan [Member]
Cash flows from financing activities:
Repayment of other borrowings				$ (844)

[1] (1)Cash and cash equivalents, end of period includes $546 million of cash reported in the Statement of Financial Position and $1 million of cash reported in Current assets held for sale. There is no cash reported in Current assets held for sale at the beginning or end of any other period.

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Consolidated Statement of Cash Flows (Parentheticals) - USD ($)		4 Months Ended		8 Months Ended	12 Months Ended
		Dec. 31, 2013		Aug. 31, 2013	Dec. 31, 2015		Dec. 31, 2014
Cash and cash equivalents					$ 546,000,000		$ 712,000,000
Successor [Member]
Capitalized Interest		$ 0			2,000,000		3,000,000
Cash and cash equivalents		844,000,000	[1]	$ 898,000,000	547,000,000	[1]	712,000,000	[1]
Successor [Member] | Cash and Cash Equivalent [Member]
Cash and cash equivalents					546,000,000
Successor [Member] | Current Assets Held for Sale [Member]
Cash and cash equivalents		$ 0			$ 1,000,000		$ 0
Predecessor [Member]
Capitalized Interest				0
Cash and cash equivalents	[1]			898,000,000
Predecessor [Member] | Current Assets Held for Sale [Member]
Cash and cash equivalents				$ 0

[1] (1)Cash and cash equivalents, end of period includes $546 million of cash reported in the Statement of Financial Position and $1 million of cash reported in Current assets held for sale. There is no cash reported in Current assets held for sale at the beginning or end of any other period.

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Note 1 - Basis of Presentation and Significant Accounting Policies

12 Months Ended

Dec. 31, 2015

Disclosure Text Block [Abstract]

Basis of Presentation and Significant Accounting Policies [Text Block]

NOTE 1: BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION

On January 19, 2012 (the “Petition Date”), Eastman Kodak Company (“EKC” or the “Company”) and its U.S. subsidiaries (collectively, the “Debtors”) filed voluntary petitions for relief under chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”). The cases (the “Chapter 11 Cases”) were jointly administered as Case No. 12-10202 (ALG) under the caption “In re Eastman Kodak Company.”  The Debtors operated their businesses as “debtors-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of chapter 11 of the Bankruptcy Code and the orders of the Bankruptcy Court until their emergence from bankruptcy. The Company’s foreign subsidiaries were not part of the Chapter 11 Cases, and continued to operate in the ordinary course of business.

Upon emergence from bankruptcy on September 3, 2013, Kodak adopted fresh-start accounting which resulted in Kodak becoming a new entity for financial reporting purposes. Kodak applied fresh start accounting as of September 1, 2013. Accordingly, the consolidated financial statements on or after September 1, 2013 are not comparable to the consolidated financial statements prior to that date. Refer to Note 25, “Fresh Start Accounting” for additional information.

Subsequent to the Petition Date, all expenses, gains and losses directly associated with the reorganization proceedings are reported as Reorganization items, net in the accompanying Consolidated Statement of Operations. In addition, Liabilities subject to compromise during the chapter 11 proceedings were distinguished from liabilities of the Company’s foreign subsidiaries that were not part of the Chapter 11 Cases, fully-secured liabilities that were not expected to be compromised and from post-petition liabilities in the accompanying Consolidated Statement of Financial Position.

References to “Successor” or “Successor Company” relate to the reorganized Kodak subsequent to September 3, 2013.  References to “Predecessor” or “Predecessor Company” relate to Kodak prior to September 3, 2013.

Reclassifications

Certain amounts for prior periods have been reclassified to conform to the current period classification due to Kodak’s new organization structure as of January 1, 2015, for a change in the segment measure of profitability and due to the presentation of the Prosper Business as discontinued operations and assets held for sale.  In addition to the changes in segment reporting under the new organization structure, tenant rental income for Eastman Business Park previously reported in Cost of Revenues is reported in Revenues.  Refer to Note 23, “Segment Information” for more information about these changes.

ACCOUNTING PRINCIPLES

The consolidated financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).  The following is a description of the significant accounting policies of Kodak.

BASIS OF CONSOLIDATION

The consolidated financial statements include the accounts of EKC and all companies directly or indirectly controlled by EKC, either through majority ownership or otherwise (collectively “Kodak”).  Kodak consolidates variable interest entities if Kodak has a controlling financial interest and is determined to be the primary beneficiary of the entity.

Kodak is the primary beneficiary of a utilities variable interest entity, RED-Rochester, LLC (“RED”).  Therefore, Kodak consolidates RED’s assets, liabilities and results of operations.  Consolidated assets and liabilities of RED are $69 million and $13 million, respectively, as of December 31, 2015 and $77 million and $11 million, respectively, as of December 31, 2014.  RED’s equity in those net assets as of December 31, 2015 and 2014 is $25 million and $21 million, respectively.  RED’s results of operations are reflected in net income attributable to noncontrolling interest in the accompanying Consolidated Statement of Operations.

USE OF ESTIMATES

The preparation of financial statements in conformity with U.S. GAAP accounting requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of commitments and contingencies at year end, and the reported amounts of revenues and expenses during the reporting periods presented.  Actual results could differ from these estimates.

FOREIGN CURRENCY

For most subsidiaries and branches outside the U.S., the local currency is the functional currency.  The financial statements of these subsidiaries and branches are translated into U.S. dollars as follows: assets and liabilities at year-end exchange rates; revenue, expenses and cash flows at average exchange rates; and shareholders’ equity at historical exchange rates.  For those subsidiaries for which the local currency is the functional currency, the resulting translation adjustment is recorded as a component of Accumulated other comprehensive (loss) income in the accompanying Consolidated Statement of Financial Position.  Translation adjustments related to investments that are permanent in nature are not tax-effected.

For certain other subsidiaries and branches outside the U.S., operations are conducted primarily in U.S. dollars, which is therefore the functional currency.  Monetary assets and liabilities of these foreign subsidiaries and branches, which are recorded in local currency, are remeasured at year-end exchange rates, while the related revenue, expense, and gain and loss accounts, which are recorded in local currency, are remeasured at average exchange rates.  Non-monetary assets and liabilities, and the related revenue, expense, and gain and loss accounts, are remeasured at historical exchange rates.  Adjustments that result from the remeasurement of the assets and liabilities of these subsidiaries are included in Other (charges) income, net in the accompanying Consolidated Statement of Operations.

The effects of foreign currency transactions, including related hedging activities, are included in Other (charges) income, net, in the accompanying Consolidated Statement of Operations.

Venezuela Currency

Kodak has accounted for the Venezuelan economy as highly inflationary since 2010.  Accordingly, Kodak’s Venezuelan subsidiary uses the U.S. dollar as its functional currency, and monetary assets and liabilities denominated in BsF generate income or expense for changes in value associated with foreign currency exchange rate fluctuations against the U.S. dollar.  Kodak’s Venezuelan subsidiary does not have ongoing trading activity.

The Venezuelan government has maintained currency controls and a fixed official exchange rate since 2003.  The official exchange rate at December 31, 2015 and 2014 was 6.3 Venezuelan Bolivars Fuertes (“BsF”) to the U.S. dollar.  In 2013, the Venezuelan government announced the creation of a complementary currency exchange system, referred to as “SICAD 1.”  SICAD 1 was determined by an auction process restricted to invited entities for designated uses.  At December 31, 2014, the SICAD 1 exchange rate was 12.0 BsF to the U.S. Dollar.  In 2014, the Venezuelan government created another currency exchange system known as “SICAD 2,” indicating that all industry sectors and companies would be eligible to participate in SICAD 2.  Transactions in SICAD 2 were regulated by the Venezuelan Central Bank.  Entities were required to submit applications to convert BsF to U.S. dollars under SICAD 2.  The SICAD 2 exchange rate as of December 31, 2014 was  49.99 BsF to the U.S. dollar.

Given increased uncertainty in Venezuela, Kodak adopted the SICAD 2 rate to remeasure BsF denominated monetary assets and liabilities of its Venezuelan subsidiary to the U.S. dollar as of December 31, 2014.  As a result of this change from the official exchange rate, Kodak recorded a charge of $16 million in other (charges), income net in the fourth quarter of 2014.

In 2015, the Venezuelan government merged the SICAD 1 and SICAD 2 exchange mechanisms into a single mechanism called SICAD and introduced a new open market system, “SIMADI.”  The SIMADI market is intended to have a floating exchange rate determined by market participants.  Kodak adopted the SIMADI rate to remeasure BsF denominated monetary assets and liabilities of its Venezuelan subsidiary to the U.S. dollar as of March 31, 2015. The SIMADI exchange rate at March 31, 2015 was 191.97 BsF to the U.S. dollar.  As a result of the change from the SICAD 2 rate, Kodak recorded a charge of $2 million in other (charges), income net in the first quarter of 2015.  The SIMADI exchange rate as of December 31, 2015 was 198.7 BsF to the U.S. dollar.

As of December 31, 2015 and December 31, 2014, Kodak’s Venezuelan subsidiary had approximately $1 million and $2 million, respectively, of BsF denominated net monetary assets, composed primarily of cash and cash equivalents.

CONCENTRATION OF CREDIT RISK

Financial instruments that potentially subject Kodak to significant concentrations of credit risk consist principally of cash and cash equivalents, receivables, and derivative instruments.  Kodak places its cash and cash equivalents with high-quality financial institutions and limits the amount of credit exposure to any one institution.  With respect to receivables, such receivables arise from sales to numerous customers in a variety of industries, markets, and geographies around the world.  Receivables arising from these sales are generally not collateralized.  Kodak performs ongoing credit evaluations of its customers’ financial condition, and maintains reserves for potential credit losses and such losses, in the aggregate, have not exceeded management’s expectations.  Counterparties to the derivative instrument contracts are major financial institutions.  Kodak has not experienced non-performance by any of its derivative instruments counterparties.

CASH EQUIVALENTS

All highly liquid investments with a remaining maturity of three months or less at date of purchase are considered to be cash equivalents.

INVENTORIES

Inventories are stated at the lower of cost or market.  The cost of all of Kodak’s inventories is determined by the average cost method, which approximates current cost.  Kodak provides inventory reserves for excess, obsolete or slow-moving inventory based on changes in customer demand, technology developments or other economic factors.

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment are recorded at cost, net of accumulated depreciation with the exception of property, plant and equipment owned as of the application of fresh start accounting. Kodak capitalizes additions and improvements while maintenance and repairs are charged to expense as incurred.  Upon sale or other disposition, the applicable amounts of asset cost and accumulated depreciation are removed from the accounts and the net amount, less proceeds from disposal, is charged or credited to net (loss) earnings.  In connection with fresh start accounting, property, plant and equipment were adjusted to their estimated fair value and depreciable lives were revised as of September 1, 2013. Refer to Note 25, “Fresh Start Accounting.”

Kodak calculates depreciation expense using the straight-line method over the assets’ estimated useful lives, which are as follows:

	Successor Company	As of September 1, 2013
Buildings and building improvements	5-40	1-38
Land improvements	20	1-20
Leasehold improvements	3-20	1-10
Equipment	3-15	1-20
Tooling	1-3	1-3
Furniture and fixtures	5-10	1-10

Kodak depreciates leasehold improvements over the shorter of the lease term or the asset’s estimated useful life.

Equipment subject to operating leases is included in Property, plant and equipment, net in the Consolidated Statement of Financial Position.  Equipment subject to operating leases consists of equipment rented to customers and is depreciated to estimated salvage value over its expected useful life.  Equipment operating lease terms and depreciable lives generally vary from 3 to 7 years.

GOODWILL

Goodwill reported in the Successor period represents the reorganizational value of assets in excess of amounts allocated to identified tangible and intangible assets.  Refer to Note 25, “Fresh Start Accounting.”  Goodwill is not amortized, but is required to be assessed for impairment at least annually and whenever events or changes in circumstances occur that would more likely than not reduce the fair value of the reporting unit below its carrying amount.  Kodak performed the annual test of impairment as of October 1, 2015 for all its reporting units and updated its analysis as of December 31, 2015 due to the change in the annual goodwill impairment test date from October 1 to December 31.

When testing goodwill for impairment, Kodak may assess qualitative factors for some or all of its reporting units to determine whether it is more likely than not (that is, a likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying amount, including goodwill.  If Kodak determines based on this qualitative test of impairment that it is more likely than not that a reporting unit’s fair value is less than its carrying amount, or elects to bypass the qualitative assessment for some or all of its reporting units, then a two-step goodwill impairment test is performed to test for a potential impairment of goodwill (step 1) and if potential losses are identified, to measure the impairment loss (step 2). Determining the fair value of a reporting unit involves the use of significant estimates and assumptions.  Refer to Note 5, “Goodwill and Other Intangible Assets”.

WORKERS COMPENSATION

Kodak self insures and participates in high-deductible insurance programs with retention and per occurrence deductible levels for claims related to workers compensation. The estimated liability for workers compensation is based on actuarially estimated, discounted cost of claims, including claims incurred but not reported.   Historical loss development factors are utilized to project the future development of incurred losses, and the amounts are adjusted based on actual claim experience, settlements, claim development trends, changes in state regulations and judicial interpretations.  Amounts recoverable from insurance companies or third parties are estimated using historical experience and estimates of future recoveries.  Estimated recoveries are not offset against the related accrual.

REVENUE

Kodak’s revenue transactions include sales of products (such as components and consumables for use in Kodak and other manufacturers’ equipment and film based products); equipment; software; services; integrated solutions; and intellectual property and brand licensing.  Kodak recognizes revenue when realized or realizable and earned, which is when the following criteria are met: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the sales price is fixed or determinable; and (4) collectability is reasonably assured.  At the time revenue is recognized, Kodak provides for the estimated costs of customer incentive programs, warranties and estimated returns and reduces revenue accordingly.  For those incentives that require the estimation of sales volumes or redemption rates, such as for volume rebates, Kodak uses historical experience and internal and customer data to estimate the sales incentive at the time revenue is recognized.  Kodak accrues the estimated cost of post-sale obligations, including basic product warranties, based on historical experience at the time Kodak recognizes revenue.

For product sales, the revenue recognition criteria are generally met when title and risk of loss have transferred from Kodak to the buyer, which may be upon shipment or upon delivery to the customer site, based on contract terms or legal requirements in certain jurisdictions.

For equipment sales, the recognition criteria are generally met when the equipment is delivered and installed at the customer site.  Revenue is recognized for equipment upon delivery as opposed to upon installation when the equipment has stand-alone value to the customer, and the amount of revenue allocable to the equipment is not legally contingent upon the completion of the installation.  In instances in which the agreement with the customer contains a customer acceptance clause, revenue is deferred until customer acceptance is obtained, provided the customer acceptance clause is considered to be substantive.  For certain agreements, Kodak does not consider these customer acceptance clauses to be substantive because Kodak can and does replicate the customer acceptance test environment and performs the agreed upon product testing prior to shipment.  In these instances, revenue is recognized upon installation of the equipment.

Revenue from the sale of software licenses is recognized when (1) Kodak enters into a legally binding arrangement with a customer for the license of software; (2) Kodak delivers the software; (3) customer payment is deemed fixed or determinable and free of contingencies or significant uncertainties; and (4) collection from the customer is probable.  Software maintenance and support revenue is recognized ratably over the term of the related maintenance contract.

Revenue from services includes extended warranty, customer support and maintenance agreements, consulting, business process services, training and education.  Service revenue is recognized over the contractual period or as services are performed.  In service arrangements where final acceptance of a system or solution by the customer is required, revenue is deferred until all acceptance criteria have been met.

The timing and the amount of revenue recognized from the licensing of intellectual property depend upon a variety of factors, including the specific terms of each agreement and the nature of the deliverables and obligations.  Revenue is only recognized after all of the following criteria are met: (1) Kodak enters into a legally binding arrangement with a licensee of Kodak’s intellectual property, (2) Kodak delivers the technology or intellectual property rights, (3) licensee payment is deemed fixed or determinable and free of contingencies or significant uncertainties, and (4) collection from the licensee is reasonably assured.

Most of Kodak’s equipment has both software and non-software components that function together to deliver the equipment’s essential functionality and therefore they are accounted for together as non-software deliverables.  Non-essential software sold in connection with Kodak’s equipment sales is accounted for as separate deliverables or elements.  In most cases, these software products sold as part of a multiple element arrangement include software maintenance agreements as well as unspecified upgrades or enhancements on a when-and-if-available basis.  In multiple element arrangements where non-essential software deliverables are included, revenue is allocated to non-software and to software deliverables each as a group based on relative selling prices of each of the deliverables in the arrangement.  Revenue allocated to software licenses is recognized when all revenue recognition criteria have been met.  Revenue generated from maintenance and unspecified upgrades or updates on a when-and-if-available basis is recognized over the contract period.

RESEARCH AND DEVELOPMENT COSTS

Research and development (“R&D”) costs, which include costs incurred in connection with new product development, fundamental and exploratory research, process improvement, product use technology and product accreditation, are expensed in the period in which they are incurred.

ADVERTISING

Advertising costs are expensed as incurred and are included in Selling, general and administrative expenses in the accompanying Consolidated Statement of Operations.  Advertising expenses amounted to $6 million, $10 million, $5 million and $12 million for the years ended December 31, 2015 and December 31, 2014, four months ended December 31, 2013, and for the eight months ended August 31, 2013, respectively.

SHIPPING AND HANDLING COSTS

Amounts charged to customers and costs incurred by Kodak related to shipping and handling are included in net sales and cost of sales, respectively.

IMPAIRMENT OF LONG-LIVED ASSETS

The carrying values of long-lived assets, other than goodwill and intangible assets with indefinite useful lives, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying values may not be recoverable.  In connection with fresh start accounting, the carrying values of long-lived assets were adjusted to estimated fair value as of September 1, 2013 and Kodak revised its estimates of the remaining useful lives of all long-lived assets.   Refer to Note 25, “Fresh Start Accounting.”

The recoverability of the carrying values of long-lived assets is assessed by first grouping long-lived assets with other assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities (the asset group) and, secondly, by estimating the undiscounted future cash flows that are directly associated with and that are expected to arise from the use of and eventual disposition of such asset group.  Kodak estimates the undiscounted cash flows over the remaining useful life of the primary asset within the asset group.  If the carrying value of the asset group exceeds the estimated undiscounted cash flows, Kodak records an impairment charge to the extent the carrying value of the long-lived asset exceeds its fair value.  Kodak determines fair value through quoted market prices in active markets or, if quoted market prices are unavailable, through the performance of internal analyses of discounted cash flows.

The remaining useful lives of long-lived assets are reviewed in connection with the assessment of recoverability of long-lived assets and the ongoing strategic review of the business and operations.  If the review indicates that the remaining useful life of the long-lived asset has changed significantly, the depreciation on that asset is adjusted to facilitate full cost recovery over its revised estimated remaining useful life.

The carrying values of indefinite-lived intangible assets are evaluated for potential impairment annually or whenever events or changes in circumstances indicate that it is more likely than not that the asset is impaired. Refer to Note 5, “Goodwill and Other Intangible Assets.”

INCOME TAXES

Kodak recognizes deferred tax liabilities and assets for the expected future tax consequences of operating losses, credit carry-forwards and temporary differences between the carrying amounts and tax basis of Kodak’s assets and liabilities.  Kodak records a valuation allowance to reduce its net deferred tax assets to the amount that is more likely than not to be realized.  For discussion of the amounts and components of the valuation allowances as of December 31, 2015 and 2014, see Note 14, “Income Taxes.”

The undistributed earnings of Kodak’s foreign subsidiaries are not considered permanently reinvested.  Kodak has recognized a deferred tax liability (net of related foreign tax credits) on the foreign subsidiaries’ undistributed earnings. 

RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS

In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-07, Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent). ASU 2015-07 removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share expedient. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015 (January 1, 2016 for Kodak) with retrospective application to all periods presented. Kodak early adopted ASU 2015-07 effective December 31, 2015.  The retrospective adoption resulted in a reduction in Level 3 assets for the U.S. plans of $1,837 million and $1,721 million at December 31, 2014 and January 1, 2014, respectively, and a reduction in Level 3 assets for the non-U.S. plans of $106 million at both December 31, 2014 and January 1, 2014.  In addition, Level 2 assets for the U.S. and non-U.S. plans decreased by $1,761 million and $251 million, respectively, at December 31, 2014.  Refer to Note 16, “Retirement Plans.”

In April 2014, the FASB issued ASU 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360).”  ASU 2014-08 defines a discontinued operation as a disposal of a component (or group of components) of an entity that was disposed of or is classified as held for sale and represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results.  ASU 2014-08 expands the disclosures when an entity retains a significant continuing involvement with a discontinued operation as well as for disposals of individually material components that do not qualify as discontinued operations.  The amendments in the update were effective prospectively for fiscal years, and interim periods within those years, beginning after December 15, 2014 (January 1, 2015 for Kodak) to new disposals and new disposal groups classified as held for sale after the effective date. The adoption of this guidance did not have a material impact on Kodak’s Consolidated Financial Statements.

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). ASU 2016-02 requires lessees to recognize most leases on their balance sheets as lease liabilities with corresponding right-of-use assets and eliminates certain real estate-specific provisions. The new leasing standard is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2018 (January 1, 2019 for Kodak).  Early adoption is permitted.  Kodak is currently evaluating the impact of this ASU.

In January 2016, the FASB issued ASU 2016-01, Financial Instruments–Overall: Recognition and Measurement of Financial Assets and Financial Liabilities.  ASU 2016-01 primarily affects the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. Under the ASU all equity investments in unconsolidated entities (other than those accounted for using the equity method of accounting) will generally be measured at fair value through earnings.  In addition, the FASB clarified guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. The classification and measurement guidance will be effective for Kodak beginning January 1, 2018, including interim periods within those fiscal years.  Kodak is currently evaluating the impact of this ASU.

In November 2015, the FASB issued ASU 2015-17, Income Taxes (Topic 740) Balance Sheet Classification of Deferred Taxes.  ASU 2015-17 amends the accounting for income taxes and requires all deferred tax assets and liabilities to be classified as non-current on the consolidated balance sheet. ASU 2015-17 is effective for fiscal years and interim reporting periods within those years beginning after December 15, 2016 (January 1, 2017 for Kodak), with early adoption permitted in any annual or interim period. ASU 2015-17 may be adopted either prospectively or retrospectively. Kodak is currently evaluating the method of adoption and expects ASU 2015-17 will have an impact on the consolidated balance sheet.  The current deferred tax assets in excess of valuation allowance were $22 million as of December 31, 2015.

In April 2015, the FASB issued ASU 2015-03, Imputation of Interest (Sub-Topic 835.30):  Simplifying the Presentation of Debt Issuance Costs.  ASU 2015-03 requires debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. In August 2015, the FASB issued ASU 2015-15 clarifying the application of this guidance to line of credit arrangements.  The amendments in the ASUs are effective retrospectively for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015 (January 1, 2016 for Kodak). Early adoption is permitted for financial statements not previously issued.  Kodak does not expect the adoption of this guidance to have a material impact on its Consolidated Financial Statements.

In February 2015, the FASB issued ASU 2015-02, “Consolidation (Topic 810): Amendments to the Consolidation Analysis”. The amendments in ASU 2015-02 change the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. The amendments in this ASU are effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015 (January 1, 2016 for Kodak). Early adoption is permitted, including adoption in an interim period. A reporting entity may apply the amendments in this ASU either retrospectively or use a modified retrospective approach by recording a cumulative-effect adjustment to equity as of the beginning of the fiscal year of adoption. Kodak does not expect the adoption of this guidance to have a material impact on its Consolidated Financial Statements.

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).”  ASU 2014-09 supersedes the revenue recognition requirements in Topic 605, “Revenue Recognition” and most industry-specific guidance.  The core principle of ASU 2014-09 is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services.  In July 2015, the FASB deferred the effective date of ASU 2014-09.  The new revenue standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017 (January 1, 2018 for Kodak) and allows either a full retrospective adoption to all periods presented or a modified retrospective adoption approach with the cumulative effect of initial application of the revised guidance recognized at the date of initial application.  Kodak is currently evaluating the adoption alternatives and impact of this ASU.

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Note 2 - Receivables, Net

12 Months Ended

Dec. 31, 2015

Disclosure Text Block [Abstract]

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

NOTE 2:  RECEIVABLES, NET

	As of December 31,
(in millions)	2015		2014
Trade receivables	$	300	$	345
Miscellaneous receivables		50		57
Total (net of allowances of $10 and $11 as of December 31, 2015    and December 31, 2014, respectively)	$	350	$	402

Approximately $28 million and $31 million of the total trade receivable amounts as of December 31, 2015 and 2014, respectively, will potentially be settled through customer deductions in lieu of cash payments.  Such deductions represent rebates owed to customers and are included in Other current liabilities in the accompanying Consolidated Statement of Financial Position.

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Note 3 - Inventories, Net

12 Months Ended

Dec. 31, 2015

Disclosure Text Block [Abstract]

Inventory Disclosure [Text Block]

NOTE 3:  INVENTORIES, NET 

	As of December 31,
(in millions)	2015		2014
Finished goods	$	141	$	160
Work in process		61		70
Raw materials		61		62
Total	$	263	$	292

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Note 4 - Property, Plant and Equipment, Net and Equipment Subject to Operating Leases, Net

12 Months Ended

Dec. 31, 2015

Property Plant And Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 4:  PROPERTY, PLANT AND EQUIPMENT, NET AND EQUIPMENT SUBJECT TO OPERATING LEASES, NET

	As of December 31,
(in millions)	2015			2014
Land	$	74		$	100
Buildings and building improvements		169			174
Machinery and equipment		445			403
Construction in progress		20			47
		708			724
Accumulated depreciation		(314	)		(223	)
Property, plant and equipment, net	$	394		$	501

Depreciation expense was $113 million, $170 million, $66 million and $85 million for the years ended December 31, 2015 and December 31, 2014, four months ended December 31, 2013, and eight months ended August 31, 2013, respectively, of which approximately $8 million, $2 million, $0 million and $4 million, respectively, represented accelerated depreciation in connection with restructuring actions.

Equipment subject to operating leases and the related accumulated depreciation were as follows:

	As of December 31,
(in millions)	2015			2014
Equipment subject to operating leases, net	$	25		$	23
Accumulated depreciation		(12	)		(10	)
Equipment subject to operating leases, net	$	13		$	13

Minimum future rental revenues on operating leases with original terms of one year or longer are not significant to Kodak.

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Note 5 - Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2015

Disclosure Text Block [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

NOTE 5:  GOODWILL AND OTHER INTANGIBLE ASSETS

The following table presents the changes in the carrying value of goodwill by reportable segment.  The Enterprise Inkjet Systems and Eastman Business Park segments do not have goodwill and are therefore not presented.

(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

In the first quarter of 2014, Kodak increased the value of goodwill determined as part of fresh start accounting by $8 million to correct for a liability that should have been recorded at emergence.

As a result of the change in segments that became effective as of January 1, 2015, Kodak’s goodwill reporting units changed. Refer to Note 23, “Segment Information” for additional information on the change to Kodak’s organizational structure.  The Print Systems segment has two goodwill reporting units: Prepress Solutions and Electrophotographic Printing Solutions. The Micro 3D Printing and Packaging segment has two goodwill reporting units: Packaging and Micro 3D Printing.  The Software and Solutions segment has two goodwill reporting units: Kodak Technology Solutions and Unified Workflow Solutions.  The Consumer and Film segment has three goodwill reporting units: Consumer Inkjet Solutions, Motion Picture, Industrial Chemicals and Films and Consumer Products.  The Enterprise Inkjet Systems segment has two goodwill reporting units:  Commercial Inkjet Printing Solutions and Digital Front-End Controllers.  The Intellectual Property Solutions segment and the Eastman Business Park segment each have one goodwill reporting unit.

As of December 31, 2014, the goodwill balance of $96 million under the prior year segment reporting structure was comprised of $67 million for the Graphics, Entertainment and Commercial Films segment and $29 million for the Digital Printing and Enterprise segment. The goodwill in the Graphics, Entertainment and Commercial Films segment was reported in the Graphics and Intellectual Property and Brand Licensing reporting units.  The goodwill in the Digital Printing and Enterprise segment was reported in the Packaging and Functional Printing and Consumer Inkjet Systems reporting units.

Goodwill previously reported in the Graphics goodwill reporting unit was transferred to the Prepress Solutions goodwill reporting unit and the Unified Workflow Solutions goodwill reporting unit.  The goodwill previously reported in the Packaging and Functional Printing goodwill reporting unit was transferred to the Packaging goodwill reporting unit and the Micro 3D Printing goodwill reporting unit. The goodwill previously reported in the Intellectual Property and Brand Licensing goodwill reporting unit was transferred to the Intellectual Property Solutions goodwill reporting unit and the Consumer Products goodwill reporting unit.  Goodwill was reassigned to affected reporting units using a relative fair value allocation.

Due to the change in Kodak’s reporting units and the delay in commercializing new technologies in the Micro 3D Printing reporting unit, Kodak concluded that the carrying value of the Micro 3D Printing reporting unit exceeded its implied fair value.  The fair value of the Micro 3D Printing reporting unit was estimated using the discounted cash flow method in which the future cash flows, including a terminal value at the end of the projection period, were discounted to present value.  Kodak recorded a pre-tax impairment charge of $6 million in the first quarter of 2015 that is included in Other operating (income) expense, net in the Consolidated Statement of Operations representing the entire amount of goodwill for this reporting unit.

Based upon the results of Kodak’s October 1, 2015 analysis, Kodak concluded that the carrying value of the Intellectual Property Solutions reporting unit exceeded its implied fair value and recorded a pre-tax impairment charge of $2 million in the fourth quarter of 2015 that is included in Other operating expense (income), net in the Consolidated Statement of Operations representing the entire amount of goodwill for this reporting unit. No impairment of goodwill was indicated for any other reporting units as of October 1 or December 31 valuation dates.

The gross carrying amount and accumulated amortization by major intangible asset category as of December 31, 2015 and 2014 were as follows:

	As of December 31, 2015
	Gross Carrying		Accumulated				Weighted-Average
(in millions)	Amount		Amortization		Net		Amortization Period
Technology-based	$	83	$	38	$	45	3 years
Kodak trade name		46		—		46	Indefinite life
Customer-related		37		11		26	7 years
Other		2		—		2	21 years
Total	$	168	$	49	$	119

	As of December 31, 2014
	Gross Carrying		Accumulated				Weighted-Average
(in millions)	Amount		Amortization		Net		Amortization Period
Technology-based	$	83	$	21	$	62	4 years
Kodak trade name		46		—		46	Indefinite life
Customer-related		36		6		30	8 years
Other		2		—		2	22 years
Total	$	167	$	27	$	140

Based upon the results of Kodak’s October 1, 2015 and December 31, 2015 impairment tests, no impairment of the Kodak trade name was indicated. In the fourth quarter of 2013, Kodak concluded that the carrying value of the Kodak trade name, estimated as part of fresh start accounting, exceeded its fair value and Kodak recorded a pre-tax impairment charge of $8 million that is included in Other operating expense (income), net in the Consolidated Statement of Operations.

Amortization expense related to intangible assets was $21 million, $21 million, $7 million and $8 million for the years ended December 31, 2015 and December 31, 2014, four months ended December 31, 2013, and eight months ended August 31, 2013, respectively.

Estimated future amortization expense related to intangible assets that are currently being amortized as of December 31, 2015 was as follows:

(in millions)
2016	$	21
2017		19
2018		14
2019		7
2020		5
2021 and thereafter		7
Total	$	73

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Note 6 - Other Current Liabilities

12 Months Ended

Dec. 31, 2015

Disclosure Text Block Supplement [Abstract]

Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]

NOTE 6:  OTHER CURRENT LIABILITIES

	As of December 31,
(in millions)	2015		2014
Accrued employment-related liabilities	$	78	$	125
Accrued customer rebates		31		34
Deferred revenue		34		39
Accrued restructuring liabilities		11		27
Deferred consideration on disposed businesses		—		11
Other		93		113
Total	$	247	$	349

The Other component above consists of other miscellaneous current liabilities that, individually, were less than 5% of the total current liabilities component within the Consolidated Statement of Financial Position, and therefore, have been aggregated in accordance with Regulation S-X.

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Note 7 - Other Long-term Liabilities

12 Months Ended

Dec. 31, 2015

Disclosure Text Block Supplement [Abstract]

Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Noncurrent [Text Block]

NOTE 7:  OTHER LONG-TERM LIABILITIES

	As of December 31,
(in millions)	2015		2014
Workers compensation	$	113	$	123
Environmental liabilities		13		19
Asset retirement obligations		47		53
Other		104		127
Total	$	277	$	322

The Other component above consists of other miscellaneous long-term liabilities that, individually, were less than 5% of the total liabilities component in the accompanying Consolidated Statement of Financial Position, and therefore, have been aggregated in accordance with Regulation S-X.

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Note 8 - Short-Term Borrowings and Long-Term Debt

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

NOTE 8:  SHORT-TERM BORROWINGS AND LONG-TERM DEBT

Debt and related maturities and interest rates were as follows at December 31, 2015 and 2014:

					As of December 31,
(in millions)					2015		2014
	Type	Maturity	Weighted-Average Effective Interest Rate		Carrying Value		Carrying Value
Current portion:
	Term note	2016		7.56%	$	4	$	4
	Credit line	2015		2.42%		—		1
						4		5
Non-current portion:
	Term note	2019		7.56%		400		403
	Term note	2020		11.04%		270		269
	Other	Various	6.07%			3		—
						673		672
					$	677	$	677

Annual maturities of debt outstanding at December 31, 2015, were as follows:  

(in millions)	Carrying Value		Maturity Value
2016	$	4	$	4
2017		4		4
2018		4		4
2019		392		397
2020		271		276
2021 and thereafter		2		2
Total	$	677	$	687

On September 3, 2013, the Company entered into (i) a Senior Secured First Lien Term Credit Agreement (the “First Lien Term Credit Agreement”) with the lenders party thereto (the “First Lien Lenders”), JPMorgan Chase Bank, N.A. as administrative agent, and J.P. Morgan Securities LLC, Barclays Bank PLC, and Merrill Lynch, Pierce, Fenner & Smith Inc. as joint lead arrangers and joint bookrunners, and (ii) a Senior Secured Second Lien Term Credit Agreement (the “Second Lien Term Credit Agreement,” and together with the First Lien Term Credit Agreement, the “Term Credit Agreements”), with the lenders party thereto (the “Second Lien Lenders,” and together with the First Lien Lenders, the “Term Credit Lenders”), Barclays Bank PLC as administrative agent, and J.P. Morgan Securities LLC, Barclays Bank PLC and Merrill Lynch, Pierce, Fenner & Smith Inc. as joint lead arrangers and joint bookrunners.  Additionally, the Company and its U.S. subsidiaries (the “Subsidiary Guarantors”) entered into an Asset Based Revolving Credit Agreement (the “ABL Credit Agreement” and together with the Term Credit Agreements, the “Credit Agreements”) with the lenders party thereto (the “ABL Lenders” and together with the First Lien Lenders and the Second Lien Lenders, the “Lenders”) and Bank of America N.A. as administrative agent and collateral agent, Barclays Bank PLC as syndication agent and Merrill Lynch, Pierce, Fenner & Smith Inc., Barclays Bank PLC and J.P. Morgan Securities LLC as joint lead arrangers and joint bookrunners.  Pursuant to the terms of the Credit Agreements, the Term Credit Lenders provided the Company with term loan facilities in an aggregate principal amount of $695 million, consisting of $420 million of first-lien term loans (the “First Lien Loans”) and $275 million of second-lien term loans (the “Second Lien Loans”).  Net proceeds from the Term Credit Agreements were $664 million ($695 million aggregate principal less $15 million stated discount and $16 million in debt transaction costs).  The ABL Lenders will make available asset-based revolving loans in an amount of up to $200 million (the “ABL Loans”). The maturity date of the loans made under the Term Credit Agreements is the earlier to occur of (i) September 3, 2019 (in case of First Lien Loans) or September 3, 2020 (in case of Second Lien Loans) and (ii) the acceleration of such loans due to an event of default (as defined in the Term Credit Agreements).  The maturity date of the loans made under the ABL Credit Agreement is the earlier to occur of (i) September 3, 2018 and (ii) the date of termination of the commitments in accordance with the terms of the ABL Credit Agreement.  The ABL Credit Agreement also provides for the issuance of letters of credit of up to a sublimit of $150 million.  The Company has issued approximately $118 million of letters of credit under the ABL Credit Agreement as of December 31, 2015.  Under the ABL Loan’s borrowing base calculation, the Company had approximately $16 million and $29 million Borrowing Base Availability (as defined in the ABL Credit Agreement) under the revolving credit facility as of December 31, 2015 and December 31, 2014, respectively.  Availability is subject to the borrowing base calculation, reserves and other limitations.

The Credit Agreements limit, among other things, the Company’s and the Subsidiary Guarantors’ ability to (i) incur indebtedness, (ii) incur or create liens, (iii) dispose of assets, (iv) make restricted payments (including dividend payments, et al.) and (v) make investments.  Events of default under the Credit Agreements include, among others, failure to pay any loan, interest or other amount due under the applicable credit agreement, breach of specific covenants and a change of control of the Company.  Upon an event of default, the applicable lenders may declare the outstanding obligations under the applicable credit agreement to be immediately due and payable and exercise other rights and remedies provided for in such credit agreement.

Under the ABL Credit Agreement, Kodak is required to maintain a minimum Fixed Charge Coverage Ratio (as defined in the ABL Credit Agreement) of 1.00 to 1.00 when Excess Availability is less than 15% of lender commitments (springing covenant).  As of December 31, 2015 15% of lender commitments and Excess Availability were $30 million and $31 million, respectively.  Excess Availability is equal to the sum of (i) 85% of the amount of the Eligible Receivables less a Dilution Reserve, (ii) the lesser of 85% of Net Orderly Liquidation Value or 75% of the Eligible Inventory (iii) Eligible Equipment (iv) Eligible Cash and (v) Qualified Cash (not to exceed $15 million) less (i) Rent and Charges Reserves, (ii) Principal Outstanding, (iii) Letters of Credit and (iv) an Availability Block (each item as defined in the ABL Credit Agreement).

As of December 31, 2015 and 2014, Kodak had funded $30 million and $20 million, respectively, to the Eligible Cash account, held with the ABL Credit Agreement Administrative Agent, which is classified as Restricted cash in the Consolidated Statement of Financial Position, and an additional $15 million of Qualified Cash as of December 31, 2015 and 2014 in an unrestricted cash account, supporting the Excess Availability amount.  If Excess Availability falls below 15% of lender commitments ($30 million as of both December 31, 2015 and 2014), Kodak may, in addition to the requirement to be in compliance with the minimum Fixed Charge Coverage Ratio, become subject to cash dominion control.  Since Excess Availability was greater than 15% of lender commitments at both December 31, 2015 and 2014, Kodak is not required to have a minimum Fixed Charges Coverage Ratio of 1.0 to 1.0.  As of December 31, 2015 Kodak was in compliance with all the covenants under the ABL Credit Agreement and had Kodak been required to have Fixed Charge Coverage Ratio of 1.0 to 1.0 EBITDA, as defined in the ABL Credit agreement, exceeded Fixed Charges by approximately $17 million, excluding the Prosper Business being reflected as a discontinued operation for purposes of calculating the Fixed Charge Coverage Ratio. If the calculation of the Fixed Charge Coverage Ratio included the Prosper Business as a discontinued operation as of December 31, 2015, Kodak’s EBITDA, as defined in the ABL Credit Agreement, would have exceeded Fixed Charges by approximately $56 million.

The First Lien Loans bear interest at the rate of LIBOR plus 6.25% per annum, with a LIBOR floor of 1% or Alternate Base Rate (as defined in the First Lien Term Credit Agreement) plus 5.25%.  The Second Lien Loans bear interest at the rate of LIBOR plus 9.5% per annum, with a LIBOR floor of 1.25% or Alternate Base Rate (as defined in the Second Lien Term Credit Agreement) plus 8.5%. The ABL Loans (other than initial borrowings) bear interest at the rate of LIBOR plus 2.75%-3.25% per annum or Base Rate (as defined in the ABL Credit Agreement) plus 1.75%-2.25% per annum, based on Excess Availability (as defined in the ABL Credit Agreement).  Each existing and future direct or indirect U.S. subsidiary of the Company (other than immaterial subsidiaries, unrestricted subsidiaries and certain other subsidiaries) have agreed to provide unconditional guarantees of the obligations of the Company under the Credit Agreements. Subject to certain exceptions, obligations under the First Lien Term Credit Agreement and the Second Lien Term Credit Agreement are secured by: (i) a first lien and a second lien, respectively, on all assets of the Company and the Subsidiary Guarantors, other than the ABL Collateral (as defined below), including a first and a second lien, respectively, on 100% of the stock of material domestic subsidiaries and 65% of the stock of material first-tier foreign subsidiaries (collectively the “Term Collateral”) and (ii) a second lien and a third lien, respectively, on the ABL Collateral. Obligations under the ABL Credit Agreement are secured by: (i) a first lien on cash, accounts receivable, inventory, machinery and equipment (the “ABL Collateral”) and (ii) a third lien on the Term Collateral.  The aggregate carrying value of the Term Collateral and ABL Collateral as of December 31, 2015 and 2014 was $1,873 million and $1,964 million, respectively.

The Company may voluntarily prepay the First Lien Loan.  The Company may prepay the Second Lien Loan after the second anniversary and prior to the third anniversary of the closing date.   A prepayment premium of 1% of the principal amount prepaid is required with respect to the Second Lien Loan.

As defined in each of the Term Credit Agreements, the Company is required to prepay loans with net proceeds from asset sales, recovery events or issuance of indebtedness, subject to, in the case of net proceeds received from asset sales or recovery events, reinvestment rights by the Company in assets used or usable by the business within certain time limits.  On an annual basis, starting with the fiscal year ending on December 31, 2014, the Company will prepay on June 30 of the following fiscal year loans in an amount equal to a percentage of Excess Cash Flow (“ECF”) as defined in each of the Term Credit Agreements, provided no such prepayment is required if such prepayment would cause U.S. liquidity (as defined in each of the Term Credit Agreements) to be less than $100 million.  For the years ended December 31, 2015 and 2014, ECF was a negative amount, therefore, no prepayment is required in 2016 and no prepayment was required in 2015.  Any mandatory prepayments as described above shall be reduced by any mandatory prepayments of the First Lien Loan.

Under the Term Credit Agreements, the Company is required to maintain minimum U.S. Liquidity (as defined therein) through 2014 and starting December 31, 2014, a Secured Leverage Ratio (as defined therein) not to exceed specified levels. The Secured Leverage Ratio under the Term Credit Agreements is tested at the end of each quarter based on the prior four quarters, The maximum Secured Leverage Ratio permitted under the First Lien Term Credit Agreement (which is more restrictive than the corresponding ratio permitted under the Second Lien Term Credit Agreement) declined on June 30, 2015 from 3.75:1 to 3.25:1 and further declined on December 31, 2015 from 3.25:1 to 2.75:1, with no further adjustments for the remainder of the agreement.  As of December 31, 2015, Kodak was in compliance with all covenants under the Term Credit Agreements.  Kodak’s EBITDA, as calculated under the Term Credit Agreements, exceeded the EBITDA necessary to satisfy the Secured Leverage Ratio by $33 million, excluding the Prosper Business being reflected as a discontinued operation for purposes of calculating the Secured Leverage Ratio. If the calculation of the Secured Leverage Ratio included the Prosper Business as a discontinued operation as of December 31, 2015, Kodak’s EBITDA, as calculated under the Term Credit Agreements, would have exceeded the EBITDA necessary to satisfy the covenant ratios by approximately $69 million.

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Note 9 - Commitments and Contingencies

12 Months Ended

Dec. 31, 2015

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

NOTE 9:  COMMITMENTS AND CONTINGENCIES

Environmental

Kodak’s undiscounted accrued liabilities for future environmental investigation, remediation and monitoring costs are composed of the following items:

	As of December 31,
(in millions)	2015		2014
Other current operating sites	$	7	$	7
Sites associated with former operations		—		10
Sites associated with the non-imaging health businesses sold in 1994		6		11
Total	$	13	$	28

These amounts are reported in Other long-term liabilities and Current liabilities held for sale in the accompanying Consolidated Statement of Financial Position.

Cash expenditures for pollution prevention and waste treatment for Kodak's current facilities were as follows:

	Successor						Predecessor
(in millions)	For the Year Ended December 31, 2015		For the Year Ended December 31, 2014		For the Four Months Ended December 31, 2013		For the Eight Months Ended August 31, 2013
Recurring costs for pollution prevention and waste treatment	$	13	$	13	$	5	$	16
Capital expenditures for pollution prevention and waste treatment		2		2		2		—
Total	$	15	$	15	$	7	$	16

Environmental expenditures that relate to an existing condition caused by past operations and that do not provide future benefits are expensed as incurred.  Costs that are capital in nature and that provide future benefits are capitalized.  Liabilities are recorded when environmental assessments are made or the requirement for remedial efforts is probable, and the costs can be reasonably estimated.  The timing of accruing for these remediation liabilities is generally no later than the completion of feasibility studies.  Kodak has an ongoing monitoring and identification process to assess how the activities, with respect to the known exposures, are progressing against the accrued cost estimates.

Cash expenditures for the aforementioned investigation, remediation and monitoring activities are expected to be incurred over the next thirty years for most of the sites.  For these known environmental liabilities, the accrual reflects Kodak’s best estimate of the amount it will incur under the agreed-upon or proposed work plans.  Kodak’s cost estimates were determined using the ASTM Standard E 2137-06, "Standard Guide for Estimating Monetary Costs and Liabilities for Environmental Matters," and have not been reduced by possible recoveries from third parties.  The overall method includes the use of a probabilistic model which forecasts a range of cost estimates for the remediation required at individual sites.  The projects are closely monitored and the models are reviewed as significant events occur or at least once per year.  Kodak’s estimate includes investigations, equipment and operating costs for remediation and long-term monitoring of the sites.

The Company provided an indemnity as part of the 1994 sale of Sterling Corporation (now “STWB”), which covered a number of environmental sites including the Lower Passaic River Study Area (“LPRSA”) portion of the Diamond Alkali Superfund Site. STWB, now owned by Bayer Corporation, is a potentially responsible party at the LPRSA site based on alleged releases from facilities formerly owned by subsidiaries of Sterling. On February 29, 2012, the Company notified STWB and Bayer that, under the voluntary petition for bankruptcy by the Company and its U.S. subsidiaries, it elected to discontinue funding and participation in remedial investigations of the LPRSA. STWB and its parent, Bayer, filed proofs of claim against the Company and its U.S. subsidiaries.  These claims have been discharged pursuant to the First Amended Joint Chapter 11 Plan of Reorganization.  Environmental matters at three sites owned by the Company and one site for which the Company was not the owner but was responsible for the remediation were not resolved by the discharge.  On March 17, 2015, the Company entered into an agreement with STWB related to these four sites.  The agreement calls for the Company to retain ownership and environmental responsibility of one of the sites.  Ownership and environmental responsibility for one site and environmental responsibility for the unowned site transferred to STWB in the second quarter of 2015. Ownership of the remaining site is expected to pass to an unrelated party by 2018 at which point the Company’s environmental responsibility will pass to STWB.  If the ownership for the fourth site does not transfer to that unrelated party prior to January 1, 2020, the Company and STWB will share approximately equally in the ongoing costs of the site.  As a result of this agreement, the Company reduced its environmental liabilities by approximately $5 million and recognized a gain in the first quarter of 2015 of the same amount.

On January 14, 2015, the Company sold its property in Middleway, West Virginia and transferred the related environmental liability to Commercial Liability Partners WV, LLC (CLP).  As part of the transaction, the Company withdrew from its Voluntary Remediation Agreement with the West Virginia Department of Environmental Protection, received an indemnity from CLP regarding any environmental obligations, and was named insured in an environmental insurance policy for a period of ten years in the case of breach by CLP.  As of December 31, 2014, the $2 million net book value of the Middleway property was classified in Current assets held for sale and the environmental liability of approximately $9 million was classified as Current liabilities held for sale.  The Company released the environmental liability associated with the site and recognized a gain of approximately $5 million on the transaction in 2015.

Estimates of the amount and timing of future costs of environmental remediation requirements are by their nature imprecise because of the continuing evolution of environmental laws and regulatory requirements, the availability and application of technology, the identification of presently unknown remediation sites and the allocation of costs among the potentially responsible parties.  Based on information presently available, Kodak does not believe it is reasonably possible that losses for known exposures could exceed current accruals by material amounts, although costs could be material to a particular quarter or year.

Asset Retirement Obligations

Kodak’s asset retirement obligations primarily relate to asbestos contained in buildings that Kodak owns.  In many of the countries in which Kodak operates, environmental regulations exist that require Kodak to handle and dispose of asbestos in a special manner if a building undergoes major renovations or is demolished.  Otherwise, Kodak is not required to remove the asbestos from its buildings.  Kodak records a liability equal to the estimated fair value of its obligation to perform asset retirement activities related to the asbestos, computed using an expected present value technique, when sufficient information exists to calculate the fair value.  Kodak does not have a liability recorded related to every building that contains asbestos because Kodak cannot estimate the fair value of its obligation for certain buildings due to a lack of sufficient information about the range of time over which the obligation may be settled through demolition, renovation or sale of the building.

The following table provides asset retirement obligation activity:

	For the Year Ended December 31,
(in millions)	2015			2014
Asset Retirement Obligations at start of period	$	53		$	52
Liabilities incurred in the current period		1			3
Liabilities settled in the current period		(3	)		(1	)
Accretion expense		2			2
Revision in estimated cash flows		(6	)		(2	)
Foreign exchange impact		—			(1	)
Asset Retirement Obligations at end of period	$	47		$	53

Other Commitments and Contingencies

The Company and its subsidiaries have entered into operating leases for various real estate and equipment needs.  Rental expense, net of minor sublease income, amounted to $28 million, $36 million, $15 million and $35 million in the years ended December 31, 2015 and December 31, 2014, four months ending December 31, 2013, and eight months ending August 31, 2013, respectively.

As of December 31, 2015, the Company had outstanding letters of credit of $118 million issued under the ABL Credit Agreement as well as bank guarantees and letters of credit of $4 million, surety bonds in the amount of $17 million, and restricted cash and deposits of $58 million, primarily to support compliance with the Excess Availability threshold under the ABL Credit Agreement, to ensure the payment of possible casualty and workers compensation claims, environmental liabilities, legal contingencies, rental payments, and to support various customs, hedging, tax and trade activities.  The restricted cash and deposits are recorded in Restricted cash, Other current assets and Other long-term assets in the Consolidated Statement of Financial Position.

Kodak’s Brazilian operations are involved in various litigation matters and have received or been the subject of numerous governmental assessments related to indirect and other taxes in various stages of litigation, as well as civil litigation and disputes associated with former employees and contract labor.  The tax matters, which comprise the majority of the litigation matters, are primarily related to federal and state value-added taxes.  Kodak is disputing these matters and intends to vigorously defend its position.  Based on the opinion of legal counsel and current reserves already recorded for those matters deemed probable of loss, management does not believe that the ultimate resolution of these matters will materially impact Kodak’s results of operations or financial position. Kodak routinely assesses all these matters as to the probability of ultimately incurring a liability in its Brazilian operations and records its best estimate of the ultimate loss in situations where it assesses the likelihood of loss as probable.  As of December 31, 2015, the unreserved portion of these contingencies, inclusive of any related interest and penalties, for which there was at least a reasonable possibility that a loss may be incurred, amounted to approximately $49 million.

In connection with assessments in Brazil, local regulations may require Kodak to post security for a portion of the amounts in dispute. As of December 31, 2015, Kodak has posted security composed of $6 million of pledged cash reported within Restricted cash in the Consolidated Statement of Financial Position and liens on certain Brazilian assets with a net book value of approximately $62 million.  Generally, any encumbrances on the Brazilian assets would be removed to the extent the matter is resolved in Kodak's favor.

Kodak is involved in various lawsuits, claims, investigations, remediation and proceedings, including commercial, customs, employment, environmental, and health and safety matters, which are being handled and defended in the ordinary course of business.  Kodak is also subject, from time to time, to various assertions, claims, proceedings and requests for indemnification concerning intellectual property, including patent infringement suits involving technologies that are incorporated in a broad spectrum of Kodak’s products.  These matters are in various stages of investigation and litigation, and are being vigorously defended.  Based on information currently available Kodak does not believe that it is probable that the outcomes in any of these matters, individually or collectively, will have a material adverse effect on its financial condition or results of operations. Litigation is inherently unpredictable, and judgments could be rendered or settlements entered that could adversely affect Kodak’s operating results or cash flows in a particular period.  Kodak routinely assesses all of its litigation and threatened litigation as to the probability of ultimately incurring a liability, and records its best estimate of the ultimate loss in situations where it assesses the likelihood of loss as probable.

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Note 10 - Guarantees

12 Months Ended

Dec. 31, 2015

Guarantees [Abstract]

Guarantees [Text Block]

NOTE 10:  GUARANTEES

EKC guarantees obligations to third parties for some of its consolidated subsidiaries. The maximum amount guaranteed is $17 million and the outstanding amount for those guarantees is $6 million.

In connection with the settlement of certain of the Company’s historical environmental liabilities at EBP and in accordance with the terms of the Amended EBP Settlement Agreement, in the event the historical EBP liabilities exceed $99 million, the Company will become liable for 50% of the portion above $99 million with no limitation to the maximum potential future payments.  There is no liability recorded related to this guarantee.

Indemnifications

Kodak issues indemnifications in certain instances when it sells businesses and real estate, and in the ordinary course of business with its customers, suppliers, service providers and business partners.  Further, Kodak indemnifies officers and directors who are, or were, serving at the Company’s request in such capacities.  Historically, costs incurred to settle claims related to these indemnifications have not been material to Kodak’s financial position, results of operations or cash flows.  Additionally, the fair value of the indemnifications that Kodak issued during the year ended December 31, 2015 was not material to Kodak’s financial position, results of operations or cash flows.

Warranty Costs

Kodak has warranty obligations in connection with the sale of its products and equipment.  The original warranty period is generally one year or less.  The costs incurred to provide for these warranty obligations are estimated and recorded as an accrued liability at the time of sale.  Kodak estimates its warranty cost at the point of sale for a given product based on historical failure rates and related costs to repair.  The change in Kodak's accrued warranty obligations balance, which is reflected in Other current liabilities in the accompanying Consolidated Statement of Financial Position, was as follows:

(in millions)

Accrued warranty obligations as of December 31, 2013	$	12
Actual warranty experience		(14	)
Warranty provisions		6
Accrued warranty obligations as of December 31, 2014		4
Actual warranty experience		(6	)
Warranty provisions		5
Accrued warranty obligations as of December 31, 2015	$	3

Kodak also offers its customers extended warranty arrangements that are generally one year, but may range from three months to five years after the original warranty period.  Kodak provides repair services and routine maintenance under these arrangements.  Kodak has not separated the extended warranty revenues and costs from the routine maintenance service revenues and costs, as it is not practicable to do so.  Therefore, these revenues and costs have been aggregated in the discussion that follows.  The change in Kodak's deferred revenue balance in relation to these extended warranty and maintenance arrangements, which is reflected in Other current liabilities in the accompanying Consolidated Statement of Financial Position, was as follows:

(in millions)

Deferred revenue on extended warranties as of December 31, 2013	$	30
New extended warranty and maintenance arrangements		188
Recognition of extended warranty and maintenance arrangement    revenue		(191	)
Deferred revenue on extended warranties as of December 31, 2014		27
New extended warranty and maintenance arrangements		176
Recognition of extended warranty and maintenance arrangement    revenue		(177	)
Deferred revenue on extended warranties as of December 31, 2015	$	26

Costs incurred under these extended warranty and maintenance arrangements for the years ended December 31, 2015 and December 31, 2014 amounted to $125 million and $148 million, respectively.

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Note 11 - Financial Instruments

12 Months Ended

Dec. 31, 2015

Disclosure Text Block [Abstract]

Fair Value Disclosures [Text Block]

NOTE 11:  FINANCIAL INSTRUMENTS

Kodak, as a result of its global operating and financing activities, is exposed to changes in foreign currency exchange rates and interest rates, which may adversely affect its results of operations and financial position.  Kodak manages such exposures, in part, with derivative financial instruments.  Foreign currency forward contracts are used to mitigate currency risk related to foreign currency denominated assets and liabilities, as well as forecasted foreign currency denominated intercompany assets.  Kodak’s exposure to changes in interest rates results from its investing and borrowing activities used to meet its liquidity needs.  Kodak does not utilize financial instruments for trading or other speculative purposes.

Kodak’s foreign currency forward contracts are not designated as hedges, and are marked to market through net (loss) earnings at the same time that the exposed assets and liabilities are re-measured through net (loss) earnings (both in Other (charges) income, net in the Consolidated Statement of Operations).  The notional amount of such contracts open at December 31, 2015 and 2014 was approximately $384 million and $334 million, respectively.  The majority of the contracts of this type held by Kodak are denominated in Euros, British pounds, and Chinese renminbi.  The net effect of foreign currency forward contracts in the results of operations is shown in the following table:

	Successor							Predecessor
(in millions)	For the Year Ended December 31, 2015		For the Year Ended December 31, 2014		For the Four Months Ended December 31, 2013			For the Eight Months Ended August 31, 2013
Net gain (loss) from derivatives not designated as hedging    instruments	$	14	$	10	$	(14	)	$	2

Kodak had no derivatives designated as hedging instruments for the years ended December 31, 2015 and December 31, 2014, four months ended December 31, 2013 or eight months ended August 31, 2013.

Kodak’s financial instrument counterparties are high-quality investment or commercial banks with significant experience with such instruments.  Kodak manages exposure to counterparty credit risk by requiring specific minimum credit standards and diversification of counterparties.  Kodak has procedures to monitor the credit exposure amounts.  The maximum credit exposure at December 31, 2015 was not significant to Kodak.

In the event of a default under the Company’s Term Credit Agreements, the ABL Credit Agreement, or a default under any derivative contract or similar obligation of Kodak, subject to certain minimum thresholds, the derivative counterparties would have the right, although not the obligation, to require immediate settlement of some or all open derivative contracts at their then-current fair value, but with liability positions netted against asset positions with the same counterparty.

Fair Value

Fair values of Kodak’s foreign currency forward contracts are determined using observable inputs (Level 2 fair value measurements), and are based on the present value of expected future cash flows (an income approach valuation technique) considering the risks involved and using discount rates appropriate for the duration of the contracts. The gross fair value of the foreign currency forward contracts was not material as of December 31, 2015 and 2014.

Transfers between levels of the fair value hierarchy are recognized based on the actual date of the event or change in circumstances that caused the transfer.  There were no transfers between levels of the fair value hierarchy during the year ended December 31, 2015.

The fair value of long-term borrowings is measured on a nonrecurring basis.  Fair values of long-term borrowings (Level 2 fair value measurements) are determined by reference to quoted market prices, if available, or by pricing models based on the value of related cash flows discounted at current market interest rates.  The fair values of long-term borrowings were $588 million and $681 million at December 31, 2015 and December 31, 2014, respectively.

The carrying values of cash and cash equivalents, restricted cash, and short-term borrowings and current portion of long-term debt approximate their fair values.

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Note 12 - Other Operating Expense (Income), Net

12 Months Ended

Dec. 31, 2015

Disclosure Text Block [Abstract]

Other Operating Income and Expense [Text Block]

NOTE 12:  OTHER OPERATING EXPENSE (INCOME), NET

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Expense (income) :
Gain on sale of digital imaging patent portfolio (1)	$	—		$	—		$	—		$	(535	)
Goodwill and intangible asset impairments (2) (3) (4) (5) (6)		8			9			8			77
Gains related to the sales of assets and businesses		(6	)		(3	)		(6	)		(34	)
Gain recognized on assets acquired for no monetary    consideration (7)		(3	)		—			—			—
Other		3			3			—			(3	)
Total	$	2		$	9		$	2		$	(495	)

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

⁽²⁾ In the fourth quarter of 2015, Kodak recorded a goodwill impairment charge of $2 million related to the Intellectual Property Solutions reporting unit.  Refer to Note 5, “Goodwill and Other Intangible Assets.”

⁽³⁾ In the first quarter of 2015, Kodak recorded a goodwill impairment charge of $6 million related to the Micro 3D Printing reporting unit. Refer to Note 5, “Goodwill and Other Intangible Assets.”

⁽⁴⁾ In the fourth quarter of 2014, Kodak recorded an impairment charge of $9 million related to an in-process research and development intangible asset established as part of fresh start accounting.

⁽⁵⁾ 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.”

⁽⁶⁾ In the first quarter of 2013, Kodak recorded a goodwill impairment charge of $77 million related to the Intellectual Property and Consumer Products reporting unit.

⁽⁷⁾ Refer to Note 23, “Segment Information”, footnote 5 to the table entitled “Segment Operational EBITDA from Consolidated Loss from Continuing Operations Before Income Taxes.”

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Note 13 - Other (Charges) Income, Net

12 Months Ended

Dec. 31, 2015

Disclosure Text Block [Abstract]

Other Nonoperating Income and Expense [Text Block]

NOTE 13:  OTHER (CHARGES) INCOME, NET

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Income (charges):
Interest income	$	1		$	6		$	3		$	3
Loss on foreign exchange transactions (1)		(17	)		(22	)		(5	)		(7	)
Other		(5	)		(5	)		12			(9	)
Total	$	(21	)	$	(21	)	$	10		$	(13	)

⁽¹⁾ In 2015 and 2014 Kodak recorded charges of $2 million and $16 million, respectively, from the remeasurement of its Venezuelan subsidiary’s monetary assets and liabilities.  Refer to Note 1, “Basis of Presentations and Significant Accounting Matters”, “Foreign Currency” section.

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Note 14 - Income Taxes

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

NOTE 14:  INCOME TAXES

The components of (loss) earnings from continuing operations before income taxes and the related provision (benefit) for U.S. and other income taxes were as follows:

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
(Loss) earnings from continuing operations before income    taxes:
U.S.	$	(136	)	$	(151	)	$	(98	)	$	2,281
Outside the U.S.		138			102			43			125
Total	$	2		$	(49	)	$	(55	)	$	2,406
U.S. income taxes:
Current provision (benefit)	$	1		$	(2	)	$	3		$	—
Deferred provision (benefit)		9			4			3			(3	)
Income taxes outside the U.S.:
Current provision (benefit)		20			(1	)		8			53
Deferred  provision (benefit)		—			7			(8	)		105
State and other income taxes:
Current provision		—			1			2			1
Deferred provision		—			1			—			—
Total provision	$	30		$	10		$	8		$	156

The differences between income taxes computed using the U.S. federal income tax rate and the provision for income taxes for continuing operations were as follows:

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Amount computed using the statutory rate	$	1		$	(17	)	$	(18	)	$	842
Increase (reduction) in taxes resulting from:
State and other income taxes, net of federal		—			1			2			—
Unremitted foreign earnings		26			4			36			32
Impact of goodwill and intangible impairments		—			—			(3	)		(22	)
Operations outside the U.S.		25			95			72			(20	)
Legislative rate changes		—			—			—			1
Valuation allowance		(83	)		(127	)		(106	)		25
Tax settlements and adjustments, including interest		2			(5	)		1			5
Discharge of debt and other reorganization related items		60			57			24			(722	)
Other, net		(1	)		2			—			15
Provision for income taxes	$	30		$	10		$	8		$	156

During 2013, a substantial portion of the Company’s pre-petition debt securities, revolving credit facility and other obligations were extinguished. Absent an exception, a debtor recognizes cancellation of indebtedness income (“CODI”) upon discharge of its outstanding indebtedness for an amount of consideration that is less than its adjusted issue price. The Internal Revenue Code of 1986, as amended (“IRC”), provides that a debtor in a bankruptcy case may exclude CODI from taxable income but must reduce certain of its tax attributes by the amount of any CODI realized as a result of the consummation of a plan of reorganization. The amount of CODI realized by a taxpayer is the adjusted issue price of any indebtedness discharged less the sum of (i) the amount of cash paid, (ii) the issue price of any new indebtedness issued and (iii) the fair market value of any other consideration, including equity, issued. As a result of the market value of equity upon emergence from chapter 11 bankruptcy proceedings, the estimated amount of U.S. CODI was approximately $705 million, which reduced the value of Kodak’s U.S. net operating losses that had a value of $2,495 million.  The actual reduction in tax attributes occurred on the first day of the Company’s tax year subsequent to the date of emergence, or January 1, 2014.

IRC Sections 382 and 383 provide an annual limitation with respect to the ability of a corporation to utilize its tax attributes, as well as certain built-in-losses, against future U.S. taxable income in the event of a change in ownership. The Debtors’ emergence from chapter 11 bankruptcy proceedings was considered a change in ownership for purposes of IRC Section 382. The limitation under the IRC is based on the value of the corporation as of the emergence date. However, the ownership changes and resulting annual limitation will result in the expiration of approximately $711 million of net operating losses, $567 million of foreign tax credits and $21 million of research and expenditure credits generated prior to the emergence date. The expiration of these tax attributes was fully offset by a corresponding decrease in Kodak’s U.S. valuation allowance, which results in no net tax provision.

During 2013, the KPP Global Settlement provided for the acquisition by the KPP of certain assets, and the assumption by the KPP of certain liabilities of Kodak’s Personalized Imaging and Document Imaging businesses (the “PI/DI Business”).  The underfunded position of the U.K. Pension Plan was approximately $1.5 billion.  Kodak Limited held a deferred tax asset related to the pension liability of $329 million.  As a result of the KPP Global Settlement in the period ended December 31, 2013 and the release from the pension liability to the KPP, Kodak Limited reversed the corresponding deferred tax asset.

During the eight months ended August 31, 2013, Kodak determined that it was more likely than not that a portion of its deferred tax assets outside the U.S. would not be realized due to changes in the business resulting from the KPP Global Settlement and the related sale of the Business. As a result, Kodak recorded a tax provision of $100 million associated with the establishment of a valuation allowance on those deferred tax assets.

Additionally, during the eight months ended August 31, 2013, Kodak determined that it was more likely than not that a portion of the deferred tax assets outside the U.S. would not be realized due to the change in Kodak’s business as a result of restructuring associated with the emergence from bankruptcy and accordingly, recorded a tax provision of $46 million associated with the establishment of a valuation allowance on those deferred tax assets.

	As of December 31,
(in millions)	2015		2014
Deferred tax assets
Pension and postretirement obligations	$	187	$	221
Restructuring programs		3		5
Foreign tax credit		314		258
Inventories		14		20
Investment tax credit		80		100
Employee deferred compensation		46		43
Depreciation		62		45
Research and development costs		188		232
Tax loss carryforwards		380		355
Other deferred revenue		13		13
Other		112		111
Total deferred tax assets	$	1,399	$	1,403
Deferred tax liabilities
Leasing	$	1	$	7
Goodwill/Intangibles		49		51
Unremitted foreign earnings		121		176
Total deferred tax liabilities		171		234
Net deferred tax assets before valuation allowance		1,228		1,169
Valuation allowance		1,201		1,127
Net deferred tax assets	$	27	$	42

Deferred tax assets (liabilities) are reported in the following components within the Consolidated Statement of Financial Position:

	As of December 31,
(in millions)	2015			2014
Deferred income taxes (current)	$	22		$	31
Deferred income taxes (non-current)		23			38
Other current liabilities		—			(1	)
Other long-term liabilities		(18	)		(26	)
Net deferred tax assets	$	27		$	42

As of December 31, 2015, Kodak had available domestic and foreign net operating loss carry-forwards for income tax purposes of approximately $1,565 million, of which approximately $481 million have an indefinite carry-forward period.  The remaining $1,084 million expire between the years 2016 and 2035.  As of December 31, 2015, Kodak had unused foreign tax credits and investment tax credits of $314 million and $80 million, respectively, with various expiration dates through 2030.  Utilization of post-emergence net operating losses and tax credits may be subject to limitations in the event of significant changes in stock ownership of the Company in the future.

The undistributed earnings of Kodak’s foreign subsidiaries are not considered permanently reinvested.  Kodak has a deferred tax liability (net of related foreign tax credits) of $102 million and $159 million on the foreign subsidiaries’ undistributed earnings as of December 31, 2015 and 2014, respectively.  Kodak has recorded a deferred tax liability of $19 million and $17 million for the potential foreign withholding taxes on the undistributed earnings as of December 31, 2015 and 2014, respectively.

Kodak’s valuation allowance as of December 31, 2015 was $1,201 million.  Of this amount, $266 million was attributable to Kodak’s net deferred tax assets outside the U.S. of $344 million, and $935 million related to Kodak’s net deferred tax assets in the U.S. of $884 million, for which Kodak believes it is not more likely than not that the assets will be realized.

Kodak’s valuation allowance as of December 31, 2014 was $1,127 million.  Of this amount, $315 million was attributable to Kodak’s net deferred tax assets outside the U.S. of $400 million, and $812 million related to Kodak’s net deferred tax assets in the U.S. of $769 million, for which Kodak believes it is not more likely than not that the assets will be realized.

The net deferred tax assets in excess of the valuation allowance of approximately $27 million and $42 million as of December 31, 2015 and December 31, 2014, respectively, relate primarily to net operating loss carry-forwards, certain tax credits, and pension related tax benefits for which Kodak believes it is more likely than not that the assets will be realized.

Accounting for Uncertainty in Income Taxes

A reconciliation of the beginning and ending amount of Kodak’s liability for income taxes associated with unrecognized tax benefits is as follows:

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Balance as of January 1	$	92		$	106		$	107		$	57
Tax positions related to the current year:
Additions		1			2			—			68
Tax Positions related to prior years:
Additions		—			1			2			1
Reductions		(7	)		(14	)		(3	)		(17	)
Settlements with taxing jurisdictions		—			(1	)		—			(2	)
Lapses in Statute of limitations		(1	)		(2	)		—			—
Balance as of December 31	$	85		$	92		$	106		$	107

Kodak’s policy regarding interest and/or penalties related to income tax matters is to recognize such items as a component of income tax (benefit) expense. Kodak had approximately $21 and $18 million of interest and penalties associated with uncertain tax benefits accrued as of December 31, 2015 and 2014, respectively.

If the unrecognized tax benefits were recognized, they would favorably affect the effective income tax rate in the period recognized.  Kodak has classified certain income tax liabilities as current or noncurrent based on management’s estimate of when these liabilities will be settled.  The current liabilities are recorded in Other current liabilities in the Consolidated Statement of Financial Position.  Noncurrent income tax liabilities are recorded in Other long-term liabilities in the Consolidated Statement of Financial Position.

It is reasonably possible that the liability associated with Kodak’s unrecognized tax benefits will increase or decrease within the next twelve months.  These changes may be the result of settling ongoing audits or the expiration of statutes of limitations.  Such changes to the unrecognized tax benefits could range from $0 to $10 million based on current estimates.  Audit outcomes and the timing of audit settlements are subject to significant uncertainty.  Although management believes that adequate provision has been made for such issues, there is the possibility that the ultimate resolution of such issues could have an adverse effect on the earnings of Kodak.  Conversely, if these issues are resolved favorably in the future, the related provision would be reduced, thus having a positive impact on earnings.

During 2014, Kodak reached a settlement outside of the U.S. and settled an audit for calendar year 2003. Kodak originally recorded liabilities for uncertain tax positions (“UTPs”) totaling $8 million (plus interest of approximately $2 million). The settlement resulted in a reduction in Other current liabilities and the recognition of a $10 million tax benefit.

During 2013, Kodak paid $2 million associated with the resolution of $17 million of various state and local tax claims that were agreed upon through the bankruptcy process.   In addition, Kodak established a $64 million liability for unrecognized tax benefits associated with the Company’s adoption of the Plan of Reorganization.

Kodak is subject to taxation and files income tax returns in the U.S. federal jurisdiction and in many state and foreign jurisdictions.  Kodak has substantially concluded all U.S. federal and state income tax matters for years through 2011 with respective tax authorities.  With respect to countries outside the U.S., Kodak has substantially concluded all material foreign income tax matters through 2008 with respective foreign tax jurisdiction authorities.

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Note 15 - Restructuring Costs and Other

12 Months Ended

Dec. 31, 2015

Restructuring And Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

NOTE 15:  RESTRUCTURING COSTS AND OTHER

Kodak recognizes the need to continually rationalize its workforce and streamline its operations in the face of ongoing business and economic changes.  Charges for restructuring initiatives are recorded in the period in which Kodak commits to a formalized restructuring plan, or executes the specific actions contemplated by the plan and all criteria for liability recognition under the applicable accounting guidance have been met.

The activity in the accrued balances and the non-cash charges and credits incurred in relation to restructuring programs during the three years ended December 31, 2015 were as follows:

(in millions)	Severance Reserve (5)			Exit Costs Reserve (5)			Long-lived Asset Impairments and Inventory Write-downs (5)			Accelerated Depreciation (5)			Total
Balance as of December 31, 2012 (Predecessor):	$	38		$	45		$	—		$	—		$	83
Eight months charges - continuing operations		38			3			4			4			49
Eight months charges - discontinued operations		3			—			—			—			3
Eight months utilization/cash payments		(48	)		(32	)		(4	)		(4	)		(88	)
Eight months other adjustments & reclasses (1)		(3	)		(9	)		—			—			(12	)
Balance as of August 31, 2013 (Predecessor):	$	28		$	7		$	—		$	—		$	35
Four months charges	$	13		$	3		$	1		$	—		$	17
Four months utilization/cash payments		(15	)		(3	)		(1	)		—			(19	)
Four months other adjustments & reclasses (2)		—			1			—			—			1
Balance as of December 31, 2013 (Successor):		26			8			—			—			34
2014 charges - continuing operations		51			2			3			2			58
2014 charges - discontinued operations		3			—			—			—			3
2014 utilization/cash payments		(47	)		(5	)		(3	)		(2	)		(57	)
2014 other adjustments & reclasses (3)		(11	)		—			—			—			(11	)
Balance as of December 31, 2014 (Successor):		22			5			—			—			27
2015 charges - continuing operations		32			4			1			8			45
2014 charges - discontinued operations		1			—			—			—			1
2015 utilization/cash payments		(36	)		(5	)		(1	)		(8	)		(50	)
2015 other adjustments & reclasses (4)		(12	)		—			—			—			(12	)
Balance as of December 31, 2015 (Successor):	$	7		$	4		$	—		$	—		$	11

⁽¹⁾ The $(12) million includes $(5) million for amounts reclassified as Liabilities subject to compromise, $(4) million of severance-related charges for pension plan curtailments, which were reclassified to Pension and other postretirement liabilities and $(3) million of reserve adjustments due to the application of fresh start accounting, which were recorded in Reorganization items.

⁽²⁾ The $1 million represents foreign currency translation adjustments.

⁽³⁾ The $(11) million includes $(8) million of severance related charges for pension plan special termination benefits, which were reclassified to Pension and other postretirement liabilities and $(3) million of foreign currency translation adjustments.

⁽⁴⁾ The $(12) million includes $(9) million of severance related charges for pension plan special termination benefits, which were reclassified to Pension and other postretirement liabilities and $(3) million of foreign currency translation adjustments.

⁽⁵⁾ The severance and exit costs reserves require the outlay of cash, while long-lived asset impairments, accelerated depreciation and inventory write-downs represent non-cash items.

2013 Activity

The $17 million of charges for the four months ended December 31, 2013 were reported as Restructuring costs and other in the accompanying Consolidated Statement of Operations.  The $52 million of charges for the eight months ended August 31, 2013 includes $4 million for accelerated depreciation and $2 million for inventory write-downs which were reported in Cost of revenues, $43 million reported as Restructuring costs and other and $3 million which were reported as (Loss) earnings from discontinued operations in the accompanying Consolidated Statement of Operations.

The 2013 severance costs related to the elimination of approximately 825 positions, including approximately 500 manufacturing/service, 300 administrative and 25 research and development positions.  The geographic composition of these positions included approximately 375 in the U.S. and Canada, and 450 throughout the rest of the world.

Severance payments for these initiatives were substantially completed in 2015.   Certain exit costs, such as long-term lease payments, will continue beyond 2015.

2014 Activity

The $61 million of charges for the year ended December 31, 2014 includes $2 million for accelerated depreciation which was reported in Cost of revenues, $56 million which was reported as Restructuring costs and other and $3 million which was reported in (Loss) earnings from discontinued operations in the accompanying Consolidated Statement of Operations.

The 2014 severance costs related to the elimination of approximately 775 positions, including approximately 325 manufacturing/service, 350 administrative and 100 research and development positions.  The geographic composition of these positions included approximately 425 in the U.S. and Canada, and 350 throughout the rest of the world.

Severance payments for these initiatives will continue through 2016 since, in many instances, the employees whose positions were eliminated can elect or are required to receive their payments over an extended period of time.  In addition, certain exit costs, such as long-term lease payments, will continue beyond 2015.

2015 Activity

Restructuring actions taken in 2015 were initiated to reduce Kodak’s cost structure as part of its commitment to drive sustainable profitability and included continued progress toward the Leeds plate manufacturing facility exit, a Kodak Technology Center workforce reduction, and various targeted reductions in service, sales, research and development and other administrative functions.

As a result of these actions, for the year ended December 31, 2015 Kodak recorded $46 million of charges, including $8 million for accelerated depreciation which was reported in Cost of revenues, $37 million which was reported as Restructuring costs and other and $1 million which was reported in (Loss) earnings from discontinued operations in the accompanying Consolidated Statement of Operations.

The 2015 severance costs related to the elimination of approximately 600 positions, including approximately 250 manufacturing/service, 250 administrative and 100 research and development positions.  The geographic composition of these positions included approximately 275 in the U.S. and Canada, and 325 throughout the rest of the world.

As a result of these initiatives, severance payments will continue through 2016 since, in many instances, the employees whose positions were eliminated can elect or are required to receive their payments over an extended period of time.  In addition, certain exit costs, such as long-term lease payments, will be paid throughout 2016 and beyond.

Leeds Plate Manufacturing Facility Exit

On March 3, 2014, Kodak announced a plan to exit its prepress plate manufacturing facility located in Leeds, England.  This decision was pursuant to Kodak’s initiative to consolidate manufacturing operations globally, and is expected to result in a more efficient delivery of its products and solutions.  Kodak began the exit of the facility in the second quarter of 2014, and phased out production at the site in the third quarter of 2015 and expects to complete the exit of the facility by the second quarter of 2016.

As a result of the decision, Kodak currently expects to incur total charges of $25 to $30 million, including approximately $10 million of charges related to separation benefits, $13 to $15 million of non-cash related charges for accelerated depreciation and asset write-offs,  and $2 to $5 million in other cash related charges associated with this action.

Kodak incurred severance charges of $7 million, long-lived asset impairment charges of $1 million, accelerated depreciation charges of $8 million and other exit costs of $1 million in the year ended December 31, 2015 under this program.

On a cumulative basis as of December 31, 2015, Kodak has recorded severance charges of $10 million, long-lived asset impairment charges of $3 million, accelerated depreciation charges of $10 million, and other exit costs of $1 million.

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Note 16 - Retirement Plans

12 Months Ended

Dec. 31, 2015

Compensation And Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

NOTE 16:  RETIREMENT PLANS

Substantially all U.S. employees are covered by a noncontributory defined benefit plan, the Kodak Retirement Income Plan (“KRIP”), which is funded by Company contributions to an irrevocable trust fund.  The funding policy for KRIP is to contribute amounts sufficient to meet minimum funding requirements as determined by employee benefit and tax laws plus any additional amounts the Company determines to be appropriate.    Assets in the trust fund are held for the sole benefit of participating employees and retirees.  They are composed of corporate equity and debt securities, U.S. government securities, partnership investments, interests in pooled funds, commodities, real estate, and various types of interest rate, foreign currency, debt, and equity market financial instruments.

For U.S. employees hired prior to March 1999 KRIP’s benefits were generally based on a formula recognizing length of service and final average earnings.  KRIP included a separate cash balance formula for all U.S. employees hired after February 1999, as well as employees hired prior to that date who opted in to the cash balance formula during a special election period.  Effective January 1, 2015 the KRIP was amended to provide that all participants accrue benefits under a single, revised cash balance formula (the “Cash Balance Plan”).  The Cash Balance Plan credits employees' hypothetical accounts with an amount equal to 7% of their pay, plus interest based on the 30-year Treasury bond rate.

Many subsidiaries and branches operating outside the U.S. have defined benefit retirement plans covering substantially all employees.  Contributions by Kodak for these plans are typically deposited under government or other fiduciary-type arrangements.  Retirement benefits are generally based on contractual agreements that provide for benefit formulas using years of service and/or compensation prior to retirement.  The actuarial assumptions used for these plans reflect the diverse economic environments within the various countries in which Kodak operates.

Information on the major funded and unfunded U.S. and Non-U.S. defined benefit pension plans is presented below.  The composition of the major plans may vary from year to year.  If the major plan composition changes, prior year data is conformed to ensure comparability.

The measurement date used to determine the pension obligation for all funded and unfunded U.S. and Non-U.S. defined benefit plans is December 31.

(in millions)	Year Ended December 31, 2015						Year Ended December 31, 2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Change in Benefit Obligation
Projected benefit obligation at beginning of period	$	4,438		$	918		$	4,361		$	960
Transfers		—			—			—			(31	)
Service cost		17			3			18			4
Interest cost		148			17			176			30
Plan amendments		—			—			(61	)		—
Benefit payments		(478	)		(51	)		(339	)		(61	)
Actuarial (gain) loss		(35	)		(24	)		567			119
Settlements		—			—			(292	)		—
Special termination benefits		9			—			8			—
Currency adjustments		—			(63	)		—			(103	)
Projected benefit obligation at end of period	$	4,099		$	800		$	4,438		$	918
Change in Plan Assets
Fair value of plan assets at beginning of period	$	4,160		$	795		$	4,184		$	833
Transfers		—			—			—			(9	)
Gain on plan assets		111			31			607			111
Employer contributions		—			4			—			7
Settlements		—			—			(292	)		—
Benefit payments		(478	)		(51	)		(339	)		(61	)
Currency adjustments		—			(51	)		—			(86	)
Fair value of plan assets at end of period	$	3,793		$	728		$	4,160		$	795
Under Funded Status at end of period	$	(306	)	$	(72	)	$	(278	)	$	(123	)
Accumulated benefit obligation at end of period	$	4,098		$	792		$	4,436		$	907

The Non-US transfers of $31 million of projected benefit obligation and $9 million of assets for the year ended December 31, 2014 relate to a plan split for a subset of participants into a non-major plan.

The settlement amount of $292 million for the U.S. for the year ended December 31, 2014 was a result of lump sum payments from KRIP.

Amounts recognized in the Consolidated Statement of Financial Position for all major funded and unfunded U.S. and Non-U.S. defined benefit plans are as follows:

	As of December 31,
(in millions)	2015						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Other long-term assets	$	—		$	39		$	—		$	29
Pension and other postretirement liabilities		(306	)		(111	)		(278	)		(152	)
Net amount recognized	$	(306	)	$	(72	)	$	(278	)	$	(123	)

Information with respect to the major funded and unfunded U.S. and Non-U.S. defined benefit plans with an accumulated benefit obligation in excess of plan assets is as follows:

	As of December 31,
(in millions)	2015				2014
	U.S.		Non-U.S.		U.S.		Non-U.S.
Projected benefit obligation	$	4,099	$	524	$	4,438	$	623
Accumulated benefit obligation		4,098		516		4,436		613
Fair value of plan assets		3,793		412		4,160		471

Amounts recognized in accumulated other comprehensive (loss) income for all major funded and unfunded U.S. and Non-U.S. defined benefit plans consist of:

	As of December 31,
(in millions)	2015						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Prior service credit	$	50		$	4		$	58		$	4
Net actuarial loss		(285	)		(6	)		(159	)		(32	)
Total	$	(235	)	$	(2	)	$	(101	)	$	(28	)

Other changes in plan assets and benefit obligations recognized in Other comprehensive income (expense) are as follows:

	Successor																Predecessor
	Year Ended December 31, 2015					Year Ended December 31, 2014						Four Months Ended December 31, 2013					Eight Months Ended August 31, 2013
(in millions)	U.S.			Non-U.S.		U.S.			Non-U.S.			U.S.			Non-U.S.		U.S.		Non-U.S.
Newly established (loss) gain	$	(126	)	$	25	$	(255	)	$	(46	)	$	97		$	8	$	80	$	78
Newly established prior service credit		—			—		61			—			—			6		—		—
Amortization of:
Prior service (credit) cost		(8	)		—		(3	)		—			—			—		1		—
Net actuarial loss		—			2		—			—			—			—		120		55
Prior service cost recognized due to curtailment		—			—		—			—			—			—		1		1
Net curtailment gain not recognized in expense		—			—		—			—			—			—		20		7
Net loss (gain) recognized in expense due to    settlements		—			—		10			—			(11	)		—		—		1,542
Transfers		—			—		—			1			—			—		—		—
Total Income (loss) recognized in Other    comprehensive income before fresh start    accounting	$	(134	)	$	27	$	(187	)	$	(45	)	$	86		$	14	$	222	$	1,683
Effect of application of fresh start accounting																	$	1,955	$	418

The Company expects to recognize $7 million of prior service credits and $1 million of net actuarial losses as components of net periodic benefit cost over the next year.

Pension (income) expense for all defined benefit plans included:

	Successor																		Predecessor
(in millions)	Year Ended						Year Ended						Four Months Ended						Eight Months Ended
	December 31, 2015						December 31, 2014						December 31, 2013						August 31, 2013
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
Major defined benefit plans:
Service cost	$	17		$	3		$	18		$	4		$	7		$	2		$	19		$	6
Interest cost		148			17			176			30			67			10			120			95
Expected return on plan assets		(272	)		(30	)		(295	)		(38	)		(122	)		(14	)		(236	)		(105	)
Amortization of:
Prior service credit		(8	)		—			(3	)		—			—			—			1			—
Actuarial loss		—			2			—			—			—			—			120			55
Pension (income) expense before special    termination benefits, curtailments and    settlements		(115	)		(8	)		(104	)		(4	)		(48	)		(2	)		24			51
Special termination benefits		9			—			8			—			—			—			—			—
Curtailment (gains) losses		—			—			—			—			—			(1	)		1			1
Settlement (gains) losses		—			—			10			—			(11	)		—			—			114
Net pension (income) expense for    major defined benefit plans		(106	)		(8	)		(86	)		(4	)		(59	)		(3	)		25			166
Other plans including unfunded plans		—			4			—			8			—			—			4			19
Net pension (income) expense	$	(106	)	$	(4	)	$	(86	)	$	4		$	(59	)	$	(3	)	$	29		$	185

The pension (income) expense before special termination benefits, curtailments, and settlements reported above for the years ended December 31, 2015 and 2014, and the four months ended December 31, 2013 each include $1 million which is reported as (Loss) earnings from discontinued operations.   The pension (income) expense before special termination benefits, curtailments, and settlements reported above for the eight months ended August 31, 2013 includes $40 million which was reported as (Loss) earnings from discontinued operations.

The special termination benefits of $9 million and $8 million for the years ended December 31, 2015 and December 31, 2014, respectively, were incurred as a result of Kodak's restructuring actions and, therefore, have been included in Restructuring costs and other in the Consolidated Statement of Operations for those periods.

The $114 million of settlement losses for the eight months ended August 31, 2013 were incurred as a result of the Global Settlement, and have been included in (Loss) earnings from discontinued operations in the Consolidated Statement of Operations.

The weighted-average assumptions used to determine the benefit obligation amounts for all major funded and unfunded U.S. and Non-U.S. defined benefit plans were as follows:

	Successor																		Predecessor
	December 31, 2015						December 31, 2014						December 31, 2013						August 31, 2013
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
Discount rate		3.89	%		2.50	%		3.50	%		2.09	%		4.50	%		3.40	%		4.25	%		3.33	%
Salary increase rate		3.37	%		1.91	%		3.34	%		1.95	%		3.37	%		2.74	%		3.39	%		2.77	%

The weighted-average assumptions used to determine net pension (income) expense for all the major funded and unfunded U.S. and Non-U.S. defined benefit plans were as follows:

	Successor																		Predecessor
	Year Ended						Year Ended						Four Months Ended						Eight Months Ended
	December 31, 2015						December 31, 2014						December 31, 2013						August 31, 2013
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
Discount rate		3.50	%		2.09	%		4.19	%		3.34	%		4.25	%		3.33	%		3.52	%		3.63	%
Salary increase rate		3.34	%		1.95	%		3.37	%		2.62	%		3.39	%		2.77	%		3.40	%		2.79	%
Expected long-term rate of return on    plan assets		7.40	%		4.69	%		7.63	%		4.93	%		8.20	%		5.54	%		8.12	%		6.66	%

Plan Asset Investment Strategy

The investment strategy underlying the asset allocation for the pension assets is to achieve an optimal return on assets with an acceptable level of risk while providing for the long-term liabilities, and maintaining sufficient liquidity to pay current benefits and other cash obligations of the plans.  This is primarily achieved by investing in a broad portfolio constructed of various asset classes including equity and equity-like investments, debt and debt-like investments, real estate, private equity and other assets and instruments.  Long duration bonds and Treasury bond futures are used to partially match the long-term nature of plan liabilities. Other investment objectives include maintaining broad diversification between and within asset classes and fund managers, and managing asset volatility relative to plan liabilities.

Every three years, or when market conditions have changed materially, each of Kodak’s major pension plans will undertake an asset allocation or asset and liability modeling study.  The asset allocation and expected return on the plans’ assets are individually set to provide for benefits and other cash obligations within each country’s legal investment constraints.

Actual allocations may vary from the target asset allocations due to market value fluctuations, the length of time it takes to implement changes in strategy, and the timing of cash contributions and cash requirements of the plans.  The asset allocations are monitored, and are rebalanced in accordance with the policy set forth for each plan.

The total plan assets attributable to the major U.S. defined benefit plans at December 31, 2015 relate to KRIP.  The expected long-term rate of return on plan assets assumption (“EROA”) is based on a combination of formal asset and liability studies that include forward-looking return expectations given the current asset allocation.  A review of the EROA as of December 31, 2015, based upon the current asset allocation and forward-looking expected returns for the various asset classes in which KRIP invests, resulted in an EROA of 7.4%.

As with KRIP, the EROA assumptions for certain of Kodak’s other pension plans were reassessed as of December 31, 2015.  The annual expected return on plan assets for the major non-U.S. pension plans range from 3.0% to 6.5% based on the plans’ respective asset allocations as of December 31, 2015.

Plan Asset Risk Management

Kodak evaluates its defined benefit plans’ asset portfolios for the existence of significant concentrations of risk.  Types of concentrations that are evaluated include, but are not limited to, investment concentrations in a single entity, type of industry, foreign country, and individual fund.  Foreign currency contracts and swaps are used to partially hedge foreign currency risk.  Additionally, Kodak’s major defined benefit pension plans invest in government bond futures and long duration investment grade bonds to partially hedge the liability risk of the plans.  As of December 31, 2015 and 2014, there were no significant concentrations (defined as greater than 10% of plan assets) of risk in Kodak’s defined benefit plan assets.

The Company's weighted-average asset allocations for its major U.S. defined benefit pension plans by asset category, are as follows:

	As of December 31,
	2015			2014			2015 Target
Asset Category
Equity securities		15	%		15	%	12-18%
Debt securities		35	%		35	%	32-38%
Real estate		3	%		3	%	2-8%
Cash and cash equivalents		1	%		3	%	0-6%
Global balanced asset allocation funds		13	%		14	%	10-20%
Other		33	%		30	%	25-35%
Total		100	%		100	%

The Company's weighted-average asset allocations for its major Non-U.S. defined benefit pension plans by asset category, are as follows:

	As of December 31,
	2015			2014			2015 Target
Asset Category
Equity securities		3	%		6	%	0-10%
Debt securities		35	%		27	%	28-38%
Real estate		0	%		1	%	0-5%
Cash and cash equivalents		3	%		4	%	0-10%
Global balanced asset allocation funds		6	%		11	%	0-10%
Other		53	%		51	%	50-60%
Total		100	%		100	%

Fair Value Measurements

Kodak’s asset allocations by level within the fair value hierarchy at December 31, 2015 and 2014 are presented in the tables below for Kodak’s major defined benefit plans.  Kodak’s plan assets are accounted for at fair value and are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement, with the exception of investments for which fair value is measured using the net asset value per share expedient.  Kodak’s assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation of fair value of assets and their placement within the fair value hierarchy levels.

Assets not utilizing the net asset value per share expedient are valued as follows:  Equity and debt securities traded on an active market are valued using a market approach based on the closing price on the last business day of the year. Real estate investments are valued primarily based on independent appraisals and discounted cash flow models, taking into consideration discount rates and local market conditions. Cash and cash equivalents are valued utilizing cost approach valuation techniques.  Other investments are valued using a combination of market, income, and cost approaches, based on the nature of the investment.  Private equity investments are valued primarily based on independent appraisals, discounted cash flow models, cost, and comparable market transactions, which include inputs such as discount rates and pricing data from the most recent equity financing.  Insurance contracts are primarily valued based on contract values, which approximate fair value.  For investments with lagged pricing, Kodak uses the available net asset values, and also considers expected return, subsequent cash flows and relevant material events.

Major U.S. Plans

December 31, 2015

	U.S.
(in millions)	Quoted Prices in Active Markets for IdenticalAssets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	2	$	—	$	—	$	32	$	34
Equity Securities		—		—		—		571		571
Debt Securities:
Government Bonds		—		—		—		924		924
Investment Grade Bonds		—		382		—		—		382
Real Estate		—		—		34		96		130
Global Balanced Asset Allocation Funds		—		—		—		492		492
Other:
Absolute Return		—		—		—		487		487
Private Equity		—		—		24		744		768
Derivatives with unrealized gains		5		—		—		—		5
	$	7	$	382	$	58	$	3,346	$	3,793

Major U.S. Plans

December 31, 2014

	U.S.
(in millions)	Quoted Prices in Active Markets for IdenticalAssets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	1	$	—	$	—	$	114	$	115
Equity Securities		—		—		—		632		632
Debt Securities:
Government Bonds		—		—		—		989		989
Investment Grade Bonds		—		442		—		—		442
Real Estate		—		—		41		98		139
Global Balanced Asset Allocation Funds		—		—		—		587		587
Other:
Absolute Return		—		—		—		426		426
Private Equity		—		—		28		752		780
Derivatives with unrealized gains		50		—		—		—		50
	$	51	$	442	$	69	$	3,598	$	4,160

For Kodak’s major U.S. defined benefit pension plans, equity investments are invested broadly in U.S. equity, developed international equity, and emerging markets.  Fixed income investments are comprised primarily of long duration U.S. Treasuries and investment-grade corporate bonds.  Real estate investments primarily include investments in limited partnerships that invest in office, industrial, retail and apartment properties.  Private equity investments are primarily comprised of limited partnerships and fund-of-fund investments that invest in distressed investments, venture capital, leveraged buyouts and special situations.  Natural resource investments in oil and gas partnerships and timber funds are also included in this category. Absolute return investments are comprised of a diversified portfolio of hedge funds using equity, debt, commodity, and currency strategies held separate from the derivative-linked hedge funds described later in this footnote.

Major Non-U.S. Plans

December 31, 2015

	Non - U.S.
(in millions)	Quoted Prices in Active Markets for IdenticalAssets (Level 1)			Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	5		$	—	$	—	$	16	$	21
Equity Securities		—			6		—		16		22
Debt Securities:
Government Bonds		—			39		—		117		156
Inflation-Linked Bonds		—			—		—		3		3
Investment Grade Bonds		—			45		—		45		90
Global High Yield & Emerging Market Debt		—			—		—		3		3
Real Estate		—			2		—		—		2
Global Balanced Asset Allocation Funds		—			—		—		47		47
Other:
Absolute Return		—			4		—		8		12
Private Equity		—			—		—		61		61
Insurance Contracts		—			311		—		—		311
Derivatives with unrealized gains		2			—		—		—		2
Derivatives with unrealized losses		(2	)		—		—		—		(2	)
	$	5		$	407	$	—	$	316	$	728

Major Non-U.S. Plans

December 31, 2014

	Non - U.S.
(in millions)	Quoted Prices in Active Markets for IdenticalAssets (Level 1)			Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	4		$	—	$	—	$	32	$	36
Equity Securities		—			8		—		38		46
Debt Securities:
Government Bonds		—			39		—		114		153
Inflation-Linked Bonds		—			—		—		9		9
Investment Grade Bonds		—			37		—		—		37
Global High Yield & Emerging Market Debt		—			—		—		11		11
Real Estate		—			2		—		—		2
Global Balanced Asset Allocation Funds		—			1		—		90		91
Other:
Absolute Return		—			4		—		7		11
Private Equity		—			—		—		56		56
Insurance Contracts		—			340		—		—		340
Derivatives with unrealized gains		5			—		—		—		5
Derivatives with unrealized losses		(2	)		—		—		—		(2	)
	$	7		$	431	$	—	$	357	$	795

For Kodak’s major non-U.S. defined benefit pension plans, equity investments are invested broadly in local equity, developed international and emerging markets.  Fixed income investments are comprised primarily of government and investment grade corporate bonds.  Real estate investments primarily include investments in limited partnerships that invest in office, industrial, and retail properties.  Private equity investments are comprised of limited partnerships and fund-of-fund investments that invest in distressed investments, venture capital and leveraged buyouts.  Absolute return investments are comprised of a diversified portfolio of hedge funds using equity, debt, commodity, and currency strategies held separate from the derivative-linked hedge funds described later in this footnote.

For Kodak’s major defined benefit pension plans, certain investment managers are authorized to invest in derivatives such as futures, swaps, and currency forward contracts.  Investments in derivatives are used to obtain desired exposure to a particular asset, index or bond duration and require only a portion of the total exposure to be invested as cash collateral.  In instances where exposures are obtained via derivatives, the majority of the exposure value is available to be invested, and is typically invested, in a diversified portfolio of hedge fund strategies that generate returns in addition to the return generated by the derivatives.  Of the December 31, 2015 investments shown in the major U.S. plans table above, 10% of the total pension assets represented equity securities exposure obtained via derivatives and are reported in equity securities, and 24% of the total pension assets represented U.S. government bond exposure, at 18 years target duration, obtained via derivatives and are reported in government bonds.  Of the December 31, 2014 major U.S. plans investments, 9% and 25% of the total pension assets represented exposures to equity securities and U.S. government bonds (at 18 years target duration), respectively, obtained from the use of derivatives, and are reported in those respective classes.

Of the December 31, 2015 investments shown in the major Non-U.S. plans table above, 0% and 12% of the total pension assets represented derivatives exposures to equity securities and government bonds (at 13 years target duration), respectively, and are reported in those respective classes.  Of the December 31, 2014 major Non-U.S. total pension investments, 1% and 9% of the total pension assets represented exposures to equity securities and government bonds (at 25 years target duration), respectively, obtained from the use of derivatives, and are reported in those respective classes.

The following is a reconciliation of the beginning and ending balances of level 3 assets of Kodak’s major U.S. defined benefit pension plans:

(in millions)

	U.S.
	Balance at January1,2015		NetRealizedand Unrealized Gains/(Losses)		Net Purchases and Sales			Net Transfer Into/(Out of) Level 3		Balance at December31,2015
Real Estate	$	41	$	6	$	(13	)	$	—	$	34
Private Equity		28		1		(5	)		—		24
Total	$	69	$	7	$	(18	)	$	—	$	58

	U.S.
	Balance at January1,2014		NetRealizedand Unrealized Gains/(Losses)			Net Purchases and Sales			Net Transfer Into/(Out of) Level 3		Balance at December31,2014
Real Estate	$	47	$	—		$	(6	)	$	—	$	41
Private Equity		54		(12	)		(14	)		—		28
Total	$	101	$	(12	)	$	(20	)	$	—	$	69

Kodak expects to contribute $4 million in 2016 for the major Non-U.S. defined benefit pension plans and does not expect to make a contribution to KRIP in 2016.

The following pension benefit payments, which reflect expected future service, are expected to be paid:

(in millions)	U.S.		Non-U.S.
2016	$	357	$	47
2017		341		47
2018		331		46
2019		321		46
2020		311		45
2021-2025		1,401		214

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Note 17 - Other Postretirement Benefits

12 Months Ended

Dec. 31, 2015

Postemployment Benefits [Abstract]

Postemployment Benefits Disclosure [Text Block]

NOTE 17:  OTHER POSTRETIREMENT BENEFITS

The Company provided U.S. medical, dental, life insurance, and survivor income benefits to eligible retirees, long-term disability recipients and their spouses, dependents and survivors.  Generally, to be eligible for these benefits, former employees leaving the Company prior to January 1, 1996 were required to be 55 years of age with ten years of service or their age plus years of service must have equaled or exceeded 75.  For those leaving the Company after December 31, 1995, former employees were required to be 55 years of age with ten years of service or have been eligible as of December 31, 1995.  These benefits are paid from the general assets of the Company as they are incurred.

The Company's subsidiaries in Canada and the U.K. offer similar postretirement benefits.  Information on the U.S., Canada and U.K. other postretirement plans is presented below.

On November 7, 2012, the Bankruptcy Court entered an order approving a settlement agreement between the Debtors and the Retiree Committee appointed by the U.S. Trustee which eliminated or reduced certain retiree benefits under the U.S. plan.   The Company also eliminated all postretirement benefits for active employees in the U.S.

The measurement date used to determine the net benefit obligation for Kodak's other postretirement benefit plans is December 31.

Changes in Kodak’s benefit obligation and funded status were as follows:

	Year Ended December 31,
(in millions)	2015			2014
Net benefit obligation at beginning of period	$	86		$	95
Interest cost		3			4
Plan participants’ contributions		7			9
Actuarial (gain) loss		(8	)		2
Benefit payments		(12	)		(18	)
Currency adjustments		2			(6	)
Net benefit obligation at end of period	$	78		$	86
Underfunded status at end of period	$	(78	)	$	(86	)

Amounts recognized in the Consolidated Statement of Financial Position consist of:

	As of December 31,
(in millions)	2015			2014
Other current liabilities	$	(5	)	$	(8	)
Pension and other postretirement liabilities		(73	)		(78	)
	$	(78	)	$	(86	)

Amounts recognized in Accumulated other comprehensive loss consist of:

	As of December 31,
(in millions)	2015			2014
Net actuarial gain	$	(8	)	$	—
Total recorded in Accumulated other comprehensive income	$	(8	)	$	—

Changes in benefit obligations recognized in Other comprehensive (loss) income consist of:

	Year Ended December 31,
(in millions)	2015			2014
Newly established loss	$	(8	)	$	(2	)
Total loss recognized in Other comprehensive (loss) income	$	(8	)	$	(2	)

Other postretirement benefit cost included:

	Successor						Predecessor
(in millions)	Year Ended December31, 2015		Year Ended December31, 2014		Four Months Ended December31, 2013		Eight Months Ended August31, 2013
Components of net postretirement benefit cost:
Service cost	$	—	$	—	$	—	$	—
Interest cost		3		4		1		3
Amortization of:
Prior service credit		—		—		—		(75	)
Actuarial loss		—		—		—		3
Other postretirement benefit cost (income) from continuing    operations	$	3	$	4	$	1	$	(69	)

The weighted-average assumptions used to determine the net benefit obligations were as follows:

	Year Ended December 31,
	2015			2014
Discount rate		3.60	%		3.49	%
Salary increase rate		1.80	%		2.60	%

The weighted-average assumptions used to determine the net postretirement benefit cost were as follows:

	Successor									Predecessor
	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Discount rate		3.49	%		4.28	%		4.09	%		3.23	%
Salary increase rate		2.60	%		2.50	%		2.50	%		2.50	%

The weighted-average assumed healthcare cost trend rates used to compute the other postretirement amounts were as follows:

	2015			2014
Healthcare cost trend		5.81	%		6.47	%
Rate to which the cost trend rate is assumed to decline    (the ultimate trend rate)		4.21	%		4.65	%
Year that the rate reaches the ultimate trend rate		2022			2021

Assumed healthcare cost trend rates effect the amounts reported for the healthcare plans.  A one-percentage point change in assumed healthcare cost trend rates would have the following effects:

(in millions)	1% increase		1% decrease
Effect on total service and interest cost	$	—	$	—
Effect on postretirement benefit obligation		4		(4	)

Kodak expects to make benefit payments of $5 million to these postretirement benefit plans in 2016.

The following other postretirement benefits, which reflect expected future service, are expected to be paid:

(in millions)
2016	$	5
2017		5
2018		5
2019		4
2020		4
2021-2025		19

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Note 18 - Earnings Per Share

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE 18: EARNINGS PER SHARE

Basic earnings per share are calculated using the weighted-average number of shares of common stock outstanding during the period.  Diluted earnings per share calculations include any dilutive effect of potential common shares.  In periods with a net loss from continuing operations, diluted earnings per share are calculated using weighted-average basic shares for that period, as utilizing diluted shares would be anti-dilutive to loss per share.

As a result of the net loss from continuing operations for the years ended December 31, 2015 and December 31, 2014 and four months ended December 31, 2013, Kodak calculated diluted earnings per share using weighted-average basic shares outstanding for those periods.  If Kodak had reported earnings from continuing operations for the years ended December 31, 2015 and December 31, 2014 and four months ended December 31, 2013, the following potential shares of its common stock would have been dilutive in the computation of diluted earnings per share:

	Year Ended		Year Ended		Four Months Ended
(in millions of shares)	December 31, 2015		December 31, 2014		December 31, 2013
Unvested share-based awards		0.2		0.1		0.2
Warrants to purchase common shares		0.3		1.5		1.7
Total		0.5		1.6		1.9

The computation of diluted earnings per share for the years ended December 31, 2015 and December 31, 2014 also excluded 0.1 million shares associated with the assumed conversion of outstanding employee stock options because the effects would have been anti-dilutive.  There were no employee stock options outstanding for the four months ended December 31, 2013.

The Predecessor Company reported earnings from continuing operations for the eight months ended August 31, 2013.  However, the computation of diluted earnings per share for the eight months ended August 31, 2013 excluded the assumed conversion of outstanding employee stock options and detachable warrants to purchase common shares, and approximately $400 million of convertible senior notes due 2017 because the effects would have been anti-dilutive. The following table sets forth the total amount of outstanding employee stock options and detachable warrants to purchase common shares as of August 31, 2013:

	Predecessor
	Eight Months Ended
(in millions of shares)	August 31, 2013
Employee stock options		7.0
Detachable warrants to purchase common shares		40.0
Total		47.0

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Note 19 - Stock-based Compensation

12 Months Ended

Dec. 31, 2015

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

NOTE 19: STOCK-BASED COMPENSATION

Kodak’s stock incentive plan is the 2013 Omnibus Incentive Plan (the “2013 Plan”).  The 2013 Plan is administered by the Executive Compensation Committee of the Board of Directors.

Officers, directors and employees of the Company and its consolidated subsidiaries are eligible to receive awards.  Stock options are generally non-qualified, are at exercise prices not less than 100% of the per share fair market value on the date of grant and expire seven years after the grant date.  Stock-based compensation awards granted under Kodak’s stock incentive plan are generally subject to a three-year vesting period from the date of grant.  Unless sooner terminated by the Executive Compensation Committee, no awards may be granted under the 2013 Plan after the tenth anniversary of the Effective Date.

The maximum number of shares of common stock that may be issued under the 2013 Plan is approximately 4.8 million. In addition, under the 2013 Plan, the maximum number of shares available for the grant of incentive stock options is 2.0 million shares. The maximum number of shares as to which stock options or stock appreciation rights may be granted to any one person under the 2013 Plan in any calendar year is 2.0 million shares. The maximum number of performance-based compensation awards that may be granted to any one employee under the 2013 Plan in any calendar year is 1.0 million shares or, in the event such award is paid in cash, $2.5 million. The maximum number of awards that may be granted to any non-employee director under the 2013 Plan in any calendar year may not exceed a number of awards with a grant date fair value of $900,000, computed as of the grant date.

Compensation expense is recognized on a straight-line basis over the service or performance period for each separately vesting tranche of the award and is adjusted for actual forfeitures before vesting.  Kodak assesses the likelihood that performance-based shares will be earned based on the probability of meeting the performance criteria.  For those performance-based awards that are deemed probable of achievement, expense is recorded, and for those awards that are deemed not probable of achievement, no expense is recorded. Kodak assesses the probability of achievement each quarter.

Restricted Stock Units

Restricted stock units are payable in shares of the Company common stock upon vesting.  The fair value is based on the closing market price of the Company’s stock on the grant date.  Compensation cost related to restricted stock units was $7 million for the years ended December 31, 2015 and 2014 and $1 million for the four months ending December 31, 2013.

As of December 31, 2015, there was $6 million of unrecognized compensation cost related to restricted stock units.  The cost is expected to be recognized over a weighted average period of 1.5 years.

The following table summarizes information about restricted stock unit activity for the year ended December 31, 2015:

	Number of Restricted Stock Units			Weighted-Average Grant Date Fair Values
Outstanding on December 31, 2014		685,430		$	22.15
Granted		387,187		$	14.86
Vested		(237,957	)	$	21.73
Forfeited		(60,115	)	$	15.74
Outstanding on December 31, 2015		774,545		$	19.13

Stock Options

The following table summarizes information about stock option activity for the year ended December 31, 2015:

	Shares Under Option			WeightedAverage Exercise Price Per Share		WeightedAverage Remaining Contractual  Life (Years)
Outstanding on December 31, 2014		781,321		$	22.56
Granted		783,476		$	15.31
Forfeited		(44,002	)	$	20.25
Outstanding on December 31, 2015		1,520,795		$	18.89		6.17
Exercisable on December 31, 2015		273,205		$	22.61		5.73
Expected to vest December 31, 2015		1,247,590		$	18.08		6.27

There was no intrinsic value of options outstanding and exercisable due to the fact that the market price of the Company’s common stock as of December 31, 2015 was below the weighted average exercise price of options.  There were no options exercises in 2015.

The weighted average grant date fair value of options granted for the years ended December 31, 2015 and 2014 was $5.94 and $7.74, respectively.  The total fair value of options that vested during the year ended December 31, 2015 was $2 million.  No options vested during the year ended December 31, 2014 and no options were granted during the four months ended December 31, 2013.  Compensation cost related to stock options for the years ended December 31, 2015 and 2014 was $4 million and $1 million, respectively.

As of December 31, 2015, there was $5 million of unrecognized compensation cost related to stock options.  The cost is expected to be recognized over a weighted average period of 1.6 years.

The fair value of each option award is estimated on the date of grant using the Black-Scholes option valuation model that uses the assumptions in the following table.  Public trading of the Company’s common stock began on September 23, 2013, providing limited historical data upon which to base assumptions.  The expected term of options granted is the period of time the options are expected to be outstanding and is calculated using a simplified method based on the option’s vesting period and original contractual term.   The expected volatility was generally based on the historical volatility of a set of publicly-traded benchmark companies, taking into consideration the difference in leverage between the Company and the benchmark companies. The risk-free rate was based on the yield on U.S. Treasury notes with a term equal to the option’s expected term.

The following inputs were used for the valuation of option grants issued in each year:

	For the Years Ended December 31,
	2015		2014
Weighted-average fair value of options granted	$	5.94	$	7.74
Weighted-average risk-free interest rate	1.46%		1.46%
Range of risk-free interest rates	1.26% - 1.60%		1.39% - 1.51%
Weighted-average expected option lives	4.5 years		4.5 years
Expected option lives	4.5 years		4.5 years
Weighted-average volatility	46%		39%
Range of expected volatilities	40% - 49%		36% - 42%
Weighted-average expected dividend yield	0.0%		0.0%

Stock-based Awards Classified as Liabilities

Kodak will settle a portion of its 2015 incentive compensation plans with a variable amount of common stock based on the stock price at the time of settlement.  The plans include minimum performance gates and annual performance metrics for 2015.  The amount of incentive compensation to be paid is based on performance against the metrics.  The fair value of the awards is determined based on a targeted dollar amount for the expected performance against the plans’ criteria as of the balance sheet date.  The actual number of shares to be issued will be determined based on actual results achieved by Kodak, the stock price on the date of issuance and any discretion exercised by the Executive Compensation Committee. The shares will be issued under the 2013 Omnibus Incentive Plan. Stock compensation expense associated with these awards was approximately $5 million for the year ended December 31, 2015.

Predecessor

Prior to the Effective Date, Kodak had shares or share-based awards outstanding under two share-based employee compensation plans consisting of the 2005 Omnibus Long-Term Compensation Plan (the “2005 Plan”), and the 2000 Omnibus Long-Term Compensation Plan (the “2000 Plan”). In conjunction with the Plan (see Note 24, “Emergence from Voluntary Reorganization under Chapter 11 Proceedings”), all shares, options, restricted shares and other share-based awards that were outstanding on the Effective Date were canceled.

Kodak recognized stock-based compensation expense in the amount of $3 million for the eight months ended August 31, 2013.  There were no proceeds from the issuance of common stock through stock option plans for the eight months ended August 31, 2013.

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Note 20 - Shareholders' Equity

12 Months Ended

Dec. 31, 2015

Disclosure Text Block [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

NOTE 20: SHAREHOLDERS’ EQUITY

In connection with the Company’s reorganization and emergence from bankruptcy, all shares of the Predecessor Company’s common stock were canceled. The Successor Company has 560 million shares of authorized stock, consisting of: (i) 500 million shares of common stock, par value $0.01 per share and (ii) 60 million shares of preferred stock, no par value, issuable in one or more series. As of December 31, 2015 and December 31, 2014 there were 42.0 million and 41.9 million shares of common stock outstanding, respectively, and no shares of preferred stock issued and outstanding.

On the Effective Date, the Company issued, to the holders of general unsecured claims and the retiree settlement unsecured claim, net-share settled warrants to purchase: (i) 2.1 million shares of common stock at an exercise price of $14.93 and (ii) 2.1 million shares of common stock at an exercise price of $16.12. The warrants are classified as equity instruments and reported within Additional paid in capital in the Consolidated Statement of Financial Position at their fair value as of the Effective Date ($24 million).  As of December 31, 2015, there were warrants outstanding to purchase 3.6 million shares of common stock.

During each of the years ended December 31, 2015 and December 31, 2014, the Company repurchased shares of common stock for approximately $1 million to satisfy tax withholding obligations in connection with the issuance of stock to employees under the 2013 Plan. Treasury stock consisted of approximately 0.3 million shares and 0.2 million shares at December 31, 2015 and December 31, 2014, respectively.

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Note 21 - Other Comprehensive (Loss) Income

12 Months Ended

Dec. 31, 2015

Changes In Other Comprehensive Loss Income By Component [Abstract]

Comprehensive Income (Loss) Note [Text Block]

NOTE 21: OTHER COMPREHENSIVE (LOSS) INCOME

The changes in Other comprehensive (loss) income, by component, were as follows:

(in millions)		Successor									Predecessor
		Year Ended December31, 2015			Year Ended December31, 2014			Four Months Ended December31, 2013			Eight Months Ended August31, 2013
Currency translation adjustments		$	(35	)	$	(33	)	$	1		$	4
Reclassification adjustment for losses included in Other    charges (net), before tax			2			—			—			—
Reclassification adjustment for losses included in Other    charges (net), net of tax			2			—			—			—
Pension and other postretirement benefit plan    changes
Newly established prior service credit			4			61			6			—
Newly established net actuarial (loss) gain			(88	)		(278	)		95			393
Tax (benefit) provision			(5	)		7			(3	)		(14	)
Newly established prior service credit and net    actuarial (loss) gain, net of tax			(89	)		(210	)		98			379
Reclassification adjustments:
Amortization of prior service credit	(a)		(8	)		(3	)		—			(75	)
Amortization of actuarial (gains) losses	(a)		(2	)		1			—			185
Recognition of losses due to settlements and    curtailments	(a)		1			10			—			1,563
Total reclassification adjustments			(9	)		8			—			1,673
Tax (provision)			—			—			—			(448	)
Reclassification adjustments, net of tax			(9	)		8			—			1,225
Pension and other postretirement benefit plan changes,    net of tax			(98	)		(202	)		98			1,604
Other comprehensive (loss) income		$	(131	)	$	(235	)	$	99		$	1,608

^(a) Reclassified to Pension (income) expense - refer to Note 16, "Retirement Plans" and Note 17, "Other Postretirement Benefits" for additional information.

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Note 22 - Accumulated Other Comprehensive (Loss) Income

12 Months Ended

Dec. 31, 2015

Disclosure Text Block [Abstract]

Accumulated Other Comprehensive Income (Loss) [Text Block]

NOTE 22:  ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

Accumulated other comprehensive (loss) income is composed of the following:

	As of December 31,
(in millions)	2015			2014
Currency translation adjustments	$	(67	)	$	(32	)
Available for sale securities		2		$	—
Pension and other postretirement benefit plan changes		(202	)		(104	)
Ending balance	$	(267	)	$	(136	)

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Note 23 - Segment Information

12 Months Ended

Dec. 31, 2015

Disclosure Text Block [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 23:  SEGMENT INFORMATION

Effective January 1, 2015, Kodak has seven reportable segments:  Print Systems, Enterprise Inkjet Systems, Micro 3D Printing and Packaging, Software and Solutions, Consumer and Film, Intellectual Property Solutions and Eastman Business Park.  The balance of Kodak’s continuing operations, which do not meet the criteria of a reportable segment, are reported in All Other.  Prior period segment results have been revised to conform to the current period segment reporting structure.  A description of the reportable segments follows.

Print Systems: The Print Systems segment is comprised of two lines of business:  Prepress Solutions and Electrophotographic Printing Solutions.

Micro 3D Printing and Packaging: The Micro 3D Printing and Packaging segment is comprised of two lines of business:  Packaging and Micro 3D Printing.

Software and Solutions: The Software and Solutions segment is comprised of two lines of business:  Kodak Technology Solutions and Unified Workflow Solutions.

Consumer and Film: The Consumer and Film segment is comprised of three lines of business:  Consumer Inkjet Solutions; Motion Picture, Industrial Chemicals and Films, and Consumer Products.

Enterprise Inkjet Systems: The Enterprise Inkjet Systems segment is comprised of the KODAK VERSAMARK business.

Intellectual Property Solutions: The Intellectual Property Solutions segment includes licensing and research and development activities not directly related to the other segments.

Eastman Business Park: The Eastman Business Park segment includes the operations of the Eastman Business Park, a more than 1,200 acre technology center and industrial complex.

All Other: All Other is composed of Kodak’s consumer film business in countries where that business had not yet transferred ownership to the KPP Purchasing Parties (as defined in Note 15 “Discontinued Operations”) and the RED utilities variable interest entity.

Segment financial information is shown below. Asset information by segment is not disclosed as this information is not separately identified and reported to the Chief Operating Decision Maker (“CODM”).

Net Revenues from Continuing Operations by Reportable Segment

	Successor						Predecessor
	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
(in millions)
Print Systems	$	1,106	$	1,257	$	485	$	844
Micro 3D Printing and Packaging		128		130		42		75
Software and Solutions		112		108		39		82
Consumer and Film		265		352		147		371
Enterprise Inkjet Systems		84		115		53		95
Intellectual Property Solutions		1		70		9		1
Eastman Business Park		13		14		4		4
All Other		—		—		3		36
Consolidated total	$	1,709	$	2,046	$	782	$	1,508

Segment Measure of Profit and Loss

Kodak’s segment measure of profit and loss is an adjusted earnings before interest, taxes, depreciation and amortization (“Operational EBITDA”). As demonstrated in the table below, Operational EBITDA represents the income (loss) from continuing operations excluding the provision (benefit) for income taxes; depreciation and amortization expense; corporate components of pension and OPEB income; restructuring costs; stock-based compensation expense; change in U.S. vacation benefits; consulting and other costs; idle costs; overhead costs no longer absorbed by discontinued operations; manufacturing costs originally planned to be absorbed by silver halide touch screen production; other operating (expense) income, net (unless otherwise indicated); loss on early extinguishment of debt; interest expense; other (charges) income, net; reorganization items, net and; in prior periods, the impact of certain fresh start accounting adjustments.

Kodak’s segments are measured using Operational EBITDA both before and after allocation of corporate selling, general and administrative expenses (“SG&A”).  The segment earnings measure reported is after allocation of corporate SG&A as this most closely aligns with U.S. GAAP.  Research and development activities not directly related to the other segments are reported within the Intellectual Property Solutions segment.

Change in Segment Measure of Profit and Loss

During the third quarter of 2015 a $3 million gain was recognized related to assets that were acquired for no monetary consideration.  The gain was reported in Other operating (income) expense, net in the Consolidated Statement of Operations.  Other operating (income) expense, net is typically excluded from the segment measure.  However, this particular gain was included in the Micro 3D Printing and Packaging segment’s earnings for the year ended 2015.  No other periods were impacted by this change.

During the first quarter of 2016, Kodak changed its segment measure of profit and loss.  The segment measure excludes overhead costs no longer absorbed by discontinued operations (see description below).  In addition, manufacturing costs originally planned to be absorbed by silver halide touch screen production are excluded from the segment measure of profit and loss.

Segment Operational EBITDA and Consolidated Loss from Continuing Operations Before Income Taxes

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Print Systems	$	99		$	94		$	38		$	33
Micro 3D Printing and Packaging (6)		11			—			—			(3	)
Software & Solutions		9			3			(1	)		(11	)
Consumer & Film		52			66			34			127
Enterprise Inkjet Systems		20			35			14			29
Intellectual Property Solutions		(22	)		40			(2	)		(19	)
Eastman Business Park		2			1			4			1
Total of reportable segments		171			239			87			157
All Other		4			4			4			5
Depreciation and amortization		(134	)		(191	)		(73	)		(93	)
Corporate components of pension and OPEB income (1)		133			110			67			43
Restructuring costs and other		(37	)		(56	)		(17	)		(45	)
Overhead supporting, but not directly absorbed by discontinued    operations (2)		(21	)		(30	)		(16	)		(52	)
Stock-based compensation		(17	)		(8	)		(1	)		(3	)
Change in U.S. vacation benefits (3)		16			—			—			—
Consulting and other costs (4)		(14	)		(7	)		(2	)		(1	)
Idle costs (5)		(3	)		(4	)		—			1
Manufacturing costs originally planned to be absorbed by    silver halide touch screen production (6)		(2	)		(1	)		—			—
Fresh start adjustments		—			—			(74	)		—
Other operating (expense) income, net excluding gain    related to Unipixel termination (7)		(5	)		(9	)		(2	)		495
Loss on early extinguishment of debt, net (8)		—			—			—			(8	)
Interest expense (8)		(63	)		(62	)		(22	)		(106	)
Other charges, net (8)		(21	)		(21	)		10			(13	)
Reorganization items, net (8)		(5	)		(13	)		(16	)		2,026
Consolidated earnings (loss) from continuing operations    before income taxes	$	2		$	(49	)	$	(55	)	$	2,406

⁽¹⁾ Composed of interest cost, expected return on plan assets, amortization of actuarial gains and losses, and curtailments and settlement components of pension and other postretirement benefit expenses.

⁽²⁾ Primarily consists of costs for shared resources allocated to the Prosper Enterprise Inkjet business discontinued operation in the prior year period which are now included in the results of continuing operations and an estimate of costs for shared resources which would have been allocated to the Prosper Enterprise Inkjet business discontinued operation in the current year period had the business remained in continuing operations

⁽³⁾ In the fourth quarter of 2015, Kodak changed the timing of when U.S. employees earn their vacation benefits which reduced the related accrual as of December 31, 2015.

⁽⁴⁾ Consulting and other costs are primarily related to professional services provided for corporate strategic initiatives in the current year period. The prior year periods primarily represent the cost of AlixPartners filling interim executive positions which are not captured within “Reorganization items, net” as well as consulting services provided by former executives during transitional periods.

⁽⁵⁾ Consists of third party costs such as security, maintenance, and utilities required to maintain land and buildings in certain locations not used in any Kodak operations.

⁽⁶⁾ Consists of manufacturing costs originally planned to be absorbed by silver halide touch screen production which are now excluded from the segment measure of profit and loss.

⁽⁷⁾ In 2015 a $3 million gain was recognized related to assets that were acquired for no monetary consideration as a part of the termination of the relationship with Unipixel.  The gain was reported in Other operating income (expense), net in the Consolidated Statement of Operations.  Other operating income (expense), net is typically excluded from the segment measure.  However, this particular gain was included in the Micro 3D Printing and Packaging segment’s earnings in 2015.

⁽⁸⁾ As reported in the Consolidated Statement of Operations

Amortization and depreciation expense by segment are not included in the segment measure of profit and loss but are regularly provided to the CODM.

	Successor						Predecessor
(in millions) Intangible asset amortization expense from continuing operations:	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
Print Systems	$	9	$	9	$	3	$	6
Enterprise Inkjet Systems		—		—		—		—
Micro 3D Packaging & Printing		9		9		3		1
Software & Solutions		2		2		1		1
Consumer & Film		1		1		—		—
Consolidated total	$	21	$	21	$	7	$	8

	Successor						Predecessor
(in millions) Depreciation expense from continuing operations:	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
Print Systems	$	39	$	51	$	19	$	34
Enterprise Inkjet Systems		5		8		4		6
Micro 3D Packaging & Printing		6		8		3		4
Software & Solutions		1		2		1		2
Consumer & Film		30		65		23		23
Intellectual Property Solutions		2		8		4		2
Eastman Business Park		6		11		7		7
Sub-total		89		153		61		78
Other		16		15		5		3
Restructuring-related depreciation		8		2		—		4
Consolidated total	$	113	$	170	$	66	$	85

Geographic Information

	Successor						Predecessor
(in millions) Net sales to external customers attributed to (1):	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
The United States	$	588	$	728	$	237	$	509
Europe, Middle East and Africa		569		698		270		528
Asia Pacific		376		433		200		322
Canada and Latin America		176		187		75		149
Non U.S. countries total		1,121		1,318		545		999
Consolidated total	$	1,709	$	2,046	$	782	$	1,508

⁽¹⁾ Sales are reported in the geographic area in which they originate.  No non-U.S. country generated more than 10% of net sales in the years ended December 31, 2015 and December 31, 2014, four months ended December 31, 2013 or eight months ended August 31, 2013.

(in millions)	As of December 31,
Property, plant and equipment, net located in:	2015		2014		2013
The United States	$	199	$	253	$	378
Europe, Middle East and Africa		43		66		91
Asia Pacific		74		72		83
Canada and Latin America		78		110		132
Non U.S. countries total (1)		195		248		306
Consolidated total	$	394	$	501	$	684

⁽¹⁾ Of the total non U.S. property, plant and equipment in 2015, $64 million are located in Brazil and $58 million are located in China. Of the total non U.S. property, plant and equipment in 2014, $95 million are located in Brazil and $56 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 2015, 2014 or 2013.

Major Customers

No single customer represented 10% or more of Kodak’s total net revenue in any year presented.

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Note 24 - Emergence from Voluntary Reorganization under Chapter 11 Proceedings

12 Months Ended

Dec. 31, 2015

Reorganizations [Abstract]

Reorganization under Chapter 11 of US Bankruptcy Code Disclosure [Text Block]

NOTE 24: EMERGENCE FROM VOLUNTARY REORGANIZATION UNDER CHAPTER 11 PROCEEDINGS

PLAN OF REORGANIZATION

On August 23, 2013, the Bankruptcy Court entered an order (the “Confirmation Order”) confirming the revised First Amended Joint Chapter 11 Plan of Reorganization of Eastman Kodak Company and its Debtor Affiliates (the “Plan”). On September 3, 2013 (the “Effective Date”), the Plan became effective and the Debtors emerged from the Chapter 11 Cases.

On or following the Effective Date and pursuant to the terms of the Plan, the following occurred:

· The Debtors’ obligations under the second lien notes indentures, unsecured notes indentures, stock certificates, equity interests, and / or any other instrument or document directly or indirectly evidencing or creating any indebtedness or obligation of, or ownership interest in, the Debtors or giving rise to any claim or equity interest were cancelled, except as provided under the Plan;

· The Company’s certificate of incorporation was amended and restated to authorize the issuance of 560 million shares of stock, consisting of 60 million shares of preferred stock, no par value, and 500 million shares of common stock, par value $0.01 per share;

· The Company entered into a senior secured first lien term loan agreement and senior secured second lien term loan agreement for an aggregate principal amount of $695 million and a $200 million senior secured asset-based revolving credit facility;

· The Company issued 34 million shares of common stock to unsecured creditors and the Backstop Parties (as defined below) at a per share price of $11.94, for an aggregate purchase price of approximately $406 million. In addition, the Company issued 1.7 million shares of common stock to the Backstop Parties in payment of fees pursuant to the Backstop Commitment Agreement (as defined below);

· The Company issued 6 million shares of common stock and net-share settled warrants to purchase: (i) approximately 2.1 million shares of new common stock at an exercise price of $14.93 and (ii) approximately 2.1 million shares of new common stock at an exercise price of $16.12, to the holders of general unsecured and retiree committee unsecured claims;

· The Debtors established a liquidating trust (the “Kodak GUC Trust”) for the benefit of holders of general unsecured and retiree committee unsecured claims, into which certain avoidance actions of the Debtors were transferred;

· The Debtors paid approximately $94 million in administrative, priority or secured claims; and

· The Debtors resolved claims held by the Kodak Pension Plan of the United Kingdom (the “U.K. Pension Plan”) pursuant to the terms of the Global Settlement (as defined below).

Backstop Commitment Agreement and Rights Offering

On June 26, 2013, the Bankruptcy Court approved the Company’s entry into a backstop commitment agreement (the “Backstop Commitment Agreement”) with GSO Capital Partners LP, on behalf of various managed funds, BlueMountain Capital Management, LLC, on behalf of various managed funds, George Karfunkel, United Equities Commodities Company, Momar Corporation and Contrarian Capital Management, LLC, on behalf of Contrarian Funds, LLC (collectively, the “Backstop Parties”), associated with rights offerings to offer eligible creditors, including the Backstop Parties, up to 34 million shares of common stock for the per share purchase price of $11.94, or an aggregate purchase price of approximately $406 million.

A portion of the shares issued in the rights offerings are restricted securities for purposes of Rule 144 under the Securities Act of 1933 and may not be offered, sold or otherwise transferred absent registration under the Securities Act of 1933 or an applicable exemption from registration requirements. The shares issued to participants in the rights offerings were issued in reliance upon the exemption from registration under the Securities Act of 1933 provided by Regulation D thereunder and/or Section 4(a)(2) thereof; or under Section 1145 of the Bankruptcy Code as securities of a debtor issued principally in exchange for claims against a debtor and partly in exchange for cash pursuant to a plan of reorganization.

Registration Rights Agreement

On the Effective Date, the Company and the Backstop Parties executed a registration rights agreement (the “Registration Rights Agreement”). The Registration Rights Agreement, among other rights, provides the Backstop Parties with certain registration rights with respect to the common stock.

Stockholders holding registrable securities representing 25% of the outstanding common stock as of the Effective Date may require the Company to facilitate a registered offering of registrable securities; provided that if such registration has not been consummated prior to the second anniversary of the Effective Date, stockholders holding registrable securities representing 10% of the outstanding common stock as of the Effective Date may require the Company to facilitate such an offering (such offering, the “Initial Registration”). The registrable securities requested to be sold in the Initial Registration must have an aggregate market value of at least $75 million.

Following the Initial Registration, stockholders holding 10% or more of the outstanding registrable securities may demand that the Company file a shelf registration statement and effectuate one or more takedowns off of such shelf, or, if a shelf is not available, effectuate one or more stand-alone registered offerings, provided that such non-shelf registered offerings or shelf takedowns may not be requested more than four times and, in each case, shall include shares having an aggregate market value of at least $75 million. Beginning on the second anniversary of the Effective Date, upon request of a stockholder, the Company shall amend its existing shelf registration statement to register additional registrable securities as set forth in the Registration Rights Agreement. Stockholders also have the right to include their registrable securities in the Initial Registration or any other non-shelf registered offering or shelf takedown of the common stock by the Company for its own account or for the account of any holders of common stock.

KPP Global Settlement

The Company had previously issued (pre-petition) a guarantee to Kodak Limited (the “Subsidiary”) and KPP Trustees Limited (“KPP” or the “Trustee”), as trustee for the U.K. Pension Plan. Under that arrangement, EKC guaranteed to the Subsidiary and the Trustee the ability of the Subsidiary, only to the extent it became necessary to do so, to (1) make contributions to the U.K. Pension Plan to ensure sufficient assets existed to make plan benefit payments, as they became due, if the Subsidiary otherwise would not have sufficient assets and (2) make contributions to the U.K. Pension Plan such that it would achieve fully funded status by the funding valuation for the period ending December 31, 2022.

The Subsidiary agreed to make certain contributions to the U.K. Pension Plan as determined by a funding plan agreed to by the Trustee. The Subsidiary did not pay the annual contributions due by the funding plan for 2012 or 2013. The Trustee asserted an unsecured claim against the Company of approximately $2.8 billion under the guarantee. The Subsidiary also asserted an unsecured claim under the guarantee for an unliquidated amount. The Trustee also asserted an unliquidated claim against all Debtors, as financial support direction and contribution notice claims.

On April 26, 2013, Eastman Kodak Company, the Trustee, Kodak Limited and certain other Kodak entities entered into a global settlement agreement (the “Global Settlement”) that resolved all liabilities of Kodak with respect to the U.K. Pension Plan. The Global Settlement also provided for the acquisition by KPP and/or its subsidiaries of certain assets, and the assumption by KPP and/or its subsidiaries of certain liabilities of Kodak’s Personalized Imaging and Document Imaging businesses (together the “PI/DI Business”) under a Stock and Asset Purchase Agreement dated April 26, 2013 (the “SAPA”).

On August 30, 2013, the Company entered into an agreement (the “Amended SAPA”) amending and restating the SAPA. The Amended SAPA provided for, among other things, a series of deferred closings to take place in certain foreign jurisdictions following the initial closing under the Amended SAPA. The deferred closings implemented the legal transfer of the PI/DI Business to KPP subsidiaries in the deferred closing foreign jurisdictions in accordance with local law. Pursuant to the Amended SAPA, Kodak operated the PI/DI Business relating to the deferred closing jurisdictions, subject to certain covenants, until the applicable deferred closing occurred, and delivered to (or received from) a KPP subsidiary at each deferred closing a payment reflecting the actual economic benefit (or detriment) to the PI/DI Business in the applicable deferred closing jurisdiction(s) from September 1, 2013 through the time of the applicable deferred closing. Up to the time of the deferred closing, the results of the operations of the PI/DI Business were reported as Loss (earnings) from discontinued operations, net of income taxes in the Consolidated Statement of Operations and the assets and liabilities of the PI/DI Business were categorized as Assets held for sale or Liabilities held for sale in the Consolidated Statement of Financial Position, as appropriate.

On the Effective Date, the following occurred pursuant to the Amended SAPA and Global Settlement:

· The acquisition by KPP Holdco Limited (“KPP Holdco”), a wholly owned subsidiary of KPP, and certain direct and indirect subsidiaries of KPP Holdco (together with KPP Holdco, the “KPP Purchasing Parties”), of certain assets of the PI/DI Business, and the assumption by the KPP Purchasing Parties of certain liabilities of the PI/DI Business, for a total purchase price, exclusive of the assumption of liabilities, of $650 million, of which a gross $525 million was paid in cash (net cash consideration of $325 million) and the balance of which was settled by a $125 million note issued by the KPP (the “KPP Note”).

· The KPP Note was cancelled after being assigned by the Company to the Subsidiary and subsequently assigned by the Subsidiary to KPP as settlement, by way of setoff, of an equal amount of outstanding pension liabilities of the Subsidiary to KPP.

· The cash consideration was comprised of $325 million sourced from assets of the U.K. Pension Plan and $200 million sourced from a payment by the Subsidiary to KPP as payment for outstanding pension liabilities of the Subsidiary to KPP.

· Up to $35 million in aggregate of the purchase price is subject to repayment to KPP if the PI/DI Business does not achieve certain annual adjusted EBITDA targets over the four-year period ending December 31, 2018.

SECTION 363 ASSET SALES

On February 1, 2013, Kodak entered into a series of agreements related to the monetization of certain of its intellectual property assets, including the sale of its digital imaging patents. Under these agreements, Kodak received approximately $530 million, a portion of which was paid by twelve licensees that received a license to the digital imaging patent portfolio and other patents owned by Kodak. Another portion was paid by Intellectual Ventures Fund 83 LLC (“Intellectual Ventures”) and Apple, Inc., each of which acquired a portion of the digital imaging patent portfolio, subject to the licenses granted to the twelve new licensees, and previously existing licenses. In addition, Kodak retained a license to the digital imaging patents for its own use. In connection with this transaction, the Company entered into a separate agreement with FUJIFILM Corporation (“Fuji”) whereby, among other things, Fuji granted Kodak the right to sub-license certain Fuji patents to businesses Kodak ultimately sold as part of the Plan. The Debtors also agreed to allow Fuji a general unsecured claim against the Debtors in the amount of $70 million that was discharged pursuant to the terms of the Plan.

EASTMAN BUSINESS PARK SETTLEMENT AGREEMENT

On June 17, 2013, the Company, the New York State Department of Environmental Conservation and the New York State Urban Development Corporation, d/b/a Empire State Development entered into a settlement agreement, subsequently amended on August 6, 2013 (the “Amended EBP Settlement Agreement”).  The Amended EBP Settlement Agreement was subject to the satisfaction or waiver of certain conditions including a covenant not to sue from the EPA.  On May 13, 2014, the Bankruptcy Court approved the U.S. Environmental Settlement, which contained the EPA covenant not to sue, and on May 20, 2014 the Amended EBP Settlement Agreement was implemented and became effective. The Amended EBP Settlement Agreement included the settlement of certain of the Company’s historical environmental liabilities at EBP through the establishment of the EBP Trust as follows:  (i) the EBP Trust is responsible for investigation and remediation at EBP arising from the Company’s historical subsurface environmental liabilities in existence prior to the effective date of the Amended EBP Settlement Agreement, (ii) the Company funded the EBP Trust on the effective date with a $49 million cash payment and transferred certain equipment and fixtures used for remediation at EBP and (iii) in the event the historical liabilities exceed $99 million, the Company will become liable for 50% of the portion above $99 million.  Prior to the implementation of the Amended EBP Settlement Agreement, $49 million was already held in a separate trust and escrow account.

OTHER POSTEMPLOYMENT BENEFITS

On November 7, 2012, the Bankruptcy Court entered an order approving a settlement agreement between the Debtors and the Official Committee of Retired Employees appointed by the U.S. Trustee under the chapter 11 proceedings (the “Retiree Committee”). Under the settlement agreement, the Debtors no longer provide retiree medical, dental, life insurance and survivor income benefits to current and future retirees after December 31, 2012 (other than COBRA continuation coverage of medical and/or dental benefits or conversion coverage as required by applicable benefit plans or applicable law), and the Retiree Committee established a trust from which some limited benefits for some retirees may be provided after December 31, 2012. The trust or related account was funded by the following contributions from the Debtors: $7.5 million in cash paid by the Company in the fourth quarter of 2012, an administrative claim against the Debtors in the amount of $15 million that was paid on the Effective Date, and a general unsecured claim against the Debtors in the amount of $635 million that was discharged upon emergence from chapter 11 pursuant to the terms of the Plan.

RETIREES’ SETTLEMENT

The Debtors’ estimated allowed claims for pre-petition obligations for the Kodak Excess Retirement Income Plan (the “KERIP”), the Kodak Unfunded Retirement Income Plan (the “KURIP”), the Kodak Company Global Pension Plan for International Employees, and individual letter agreements with certain current and former employees that provided for supplemental non-qualified pension benefits were reported as Liabilities subject to compromise in the accompanying Consolidated Statement of Financial Position.

On April 30, 2013, Eastman Kodak Retirees Association Ltd. and certain holders of KERIP and KURIP claims (together with the Debtors, the “Settlement Parties”) filed a motion (the “Motion”) requesting that the Bankruptcy Court appoint a committee pursuant to section 1102(a)(2) of the Bankruptcy Code, to represent the interests of the holders of the KERIP and KURIP claims, and asserted that they and certain other holders of the KERIP and KURIP claims disagreed with the underlying discount rates and mortality tables used by the Debtors to calculate the KERIP and KURIP estimated allowed claim amounts. Subsequent to the filing of the Motion, the Settlement Parties entered into a stipulation (the “Stipulation”) approved by an order of the Bankruptcy Court, which became effective on July 18, 2013, for a total allowed claim of approximately $244 million. During August 2013 a provision for expected allowed claims of approximately $27 million was reflected in Reorganization Items, net in the accompanying Consolidated Statement of Operations to increase the recorded liability to what was ultimately agreed to in the Stipulation.

On the Effective Date, the claim was discharged upon emergence pursuant to the terms of the Plan.

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Note 25 - Fresh Start Accounting

12 Months Ended

Dec. 31, 2015

Fresh Start Accounting [Abstract]

Fresh Start Accounting [Text Block]

NOTE 25: FRESH START ACCOUNTING

In connection with the Company’s emergence from chapter 11, Kodak applied the provisions of fresh start accounting to its financial statements as (i) the holders of existing voting shares of the Predecessor Company received less than 50% of the voting shares of the emerging entity and (ii) the reorganization value of Kodak’s assets immediately prior to confirmation was less than the post-petition liabilities and allowed claims. Kodak applied fresh start accounting as of September 1, 2013.

Upon the application of fresh start accounting, Kodak allocated the reorganization value to its individual assets based on their estimated fair values. Reorganization value represents the fair value of the Successor Company’s assets before considering liabilities. The excess reorganization value over the fair value of identified tangible and intangible assets is reported as goodwill.

Reorganization Value

In support of the Plan, the enterprise value of the Successor Company was estimated to be in the range of $875 million to $1.4 billion.  As part of determining the reorganization value, Kodak estimated the enterprise value of the Successor Company to be $1 billion utilizing the guideline public company method and discounted cash flow method.

To estimate fair value utilizing the guideline public company method, Kodak applied valuation multiples, derived from the operating data of publicly-traded benchmark companies, to the same operating data of Kodak. The comparable public company analysis identified a group of comparable companies giving consideration to lines of business and markets served, size and geography. The valuation multiples were derived based on projected financial measures of revenue and earnings before interest, taxes, depreciation and amortization (“EBITDA”) and applied to projected operating data of Kodak. The range of multiples for the comparable companies was between .2x-.9x of revenue and 2.5x-8.0x of EBITDA.

To estimate fair value utilizing the discounted cash flow method, Kodak established an estimate of future cash flows for the period ranging from September 1, 2013 to December 31, 2022 and discounted the estimated future cash flows to present value. The expected cash flows for the period September 1, 2013 to December 31, 2017 were based on the financial projections and assumptions utilized in the disclosure statement. The expected cash flows for the period January 1, 2018 to December 31, 2022 were derived from earnings forecasts and assumptions regarding growth and margin projections, as applicable. A terminal value was included, calculated using the constant growth method, based on the cash flows of the final year of the forecast period.

The discount rate of 29% was estimated based on an after-tax weighted average cost of capital (“WACC”) reflecting the rate of return that would be expected by a market participant. The WACC also takes into consideration a company specific risk premium reflecting the risk associated with the overall uncertainty of the financial projections used to estimate future cash flows.

As the valuation approaches produced comparable ranges of enterprise value, Kodak selected equal weighting of the guideline public company method and discounted cash flow method to estimate the enterprise value.

The following table reconciles the enterprise value to the estimated fair value of Successor common stock as of the Effective Date:

(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

The fair value of debt and capitalized lease obligations represents $44 million of short term borrowings, $14 million of capitalized lease obligations and $676 million of long-term debt. The fair value of long-term debt was determined based on a market approach utilizing market yields and was estimated to be approximately 97% of par value. The fair value of capitalized lease obligations was determined based on market rents while the fair value of short term debt approximated its carrying value.

The fair value of pension and other post retirement obligations was determined based on a discounted cash flow method of expected cash contributions/benefit payments for the period of September 1, 2013 to December 31, 2099. The expected cash contributions were discounted to present value using a discount rate of 3.5%.

The fair value of the warrants was estimated using a Black-Scholes pricing model with the following assumptions: implied stock price of $14.11; strike price of $14.93 for 125% warrants and $16.12 for 135% warrants; expected volatility of 47% for 125% warrants and 48% for 135% warrants; expected dividend rate of 0.0%; risk free interest rate of 1.67%; expiration date of five years.

The following table reconciles the enterprise value to the estimated reorganization value as of the Effective Date:

(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

The fair value of non-debt liabilities represents total liabilities of the Successor Company on the Effective Date less Short term borrowings and current portion of long-term debt, Long-term debt, net of current portion, $14 million in capital lease obligations and $18 million in other non-operating liabilities.

Consolidated Statement of Financial Position

The adjustments set forth in the following consolidated Statement of Financial Position reflect the effect of the consummation of the transactions contemplated by the Plan (reflected in the column “Reorganization Adjustments”) as well as fair value adjustments as a result of the adoption of fresh start accounting (reflected in the column “Fresh Start Adjustments”). The explanatory notes highlight methods used to determine fair values or other amounts of the assets and liabilities as well as significant assumptions or inputs.

(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

^(a) 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 27, “Discontinued Operations” for additional information.

Reorganization adjustments

⁽¹⁾ Reflects the net cash payments recorded as of the Effective Date from implementation of the Plan:

(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	)

Other fees and expenses represent $7 million payment for accrued and unpaid interest related to the repayment of debt and $9 million payment for emergence and success fees, which is included in Reorganization items, net in the Consolidated Statement of Operations.

⁽²⁾ Reflects the funding of $80 million to the professional fee escrow account for professional fees accrued at emergence and $18 million related to the EBP Settlement Agreement. Refer to Note 24, “Emergence from Voluntary Reorganization under Chapter 11 Proceedings” for additional information regarding the EBP Settlement Agreement.

⁽³⁾ Reflects the expiration of tax attributes, which was fully offset by a corresponding decrease in Kodak’s U.S. valuation allowance, as a result of the Debtors’ emergence from chapter 11 bankruptcy proceedings. Refer to Note 14, “Income Taxes” for additional information.

⁽⁴⁾ 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.

⁽⁵⁾ Represents the funding of $15 million in cash collateralization for letters of credit under the ABL Credit Facility.

⁽⁶⁾ Represents $8 million of debt issuance costs incurred related to the Emergence Credit Facilities.

⁽⁷⁾ Represents the write-off of $5 million of deferred debt issuance costs upon repayment in full of all loans outstanding under the 9.75% senior secured notes due 2018 and 10.625% senior secured notes due 2019 and the write-off of $3 million of deferred equity issuance costs. These amounts have been included in Reorganization items, net in the Consolidated Statement of Operations.

⁽⁸⁾ Represents $6 million in claims expected to be satisfied in cash that were reclassified from Liabilities subject to compromise.

⁽⁹⁾ Represents $3 million of accrued expenses related to the Emergence Credit Facilities that have been deferred and recorded as part of Other Current assets.

⁽¹⁰⁾ Represents $13 million in success fees accrued upon emergence that have been included in Reorganization items, net in the Consolidated Statement of Operations.

⁽¹¹⁾ On the Effective Date, the Company repaid in full all term loans outstanding under the Junior DIP Credit Agreement for an aggregate remaining principal amount of approximately $644 million offset by $3 million of unamortized debt discount that was written off upon repayment of the debt and is included in Reorganization items, net in the Consolidated Statement of Operations.

⁽¹²⁾ Represents $4 million of principal amount recorded as short-term borrowings pursuant to the terms of the Emergence Credit Facility.

⁽¹³⁾ On the Effective Date, the Company paid $7 million of accrued and unpaid interest related to the repayment of debt and $10 million in administrative claims that was included within Other current liabilities.

⁽¹⁴⁾ Represents $29 million in claims expected to be settled in cash and $9 million of liabilities that have been retained by Kodak in accordance with the Plan that have been reclassified from Liabilities subject to compromise.

⁽¹⁵⁾ On the Effective Date, the Company repaid in full all loans outstanding under the 9.75% senior secured notes due 2018 and 10.625% senior secured notes due 2019 for an aggregate principal amount of approximately $375 million offset by $5 million of unamortized debt discount that was written off upon repayment of the debt and is included in Reorganization items, net in the Consolidated Statement of Operations.

⁽¹⁶⁾ Upon issuance of the Term Loans under the Emergence Credit Facility, the Company received net proceeds of approximately $669 million, of which $4 million of the principal amount of the loans is recorded as short-term borrowings pursuant to the terms of the Emergence Credit Facility.

⁽¹⁷⁾ Liabilities subject to compromise were settled as follows in accordance with the Plan:

(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

Refer to explanation #18 for the determination of fair value for equity issued to unsecured creditors.

⁽¹⁸⁾ Reflects the issuance of 34 million shares of common stock at a per share price of $11.94 in connection with the Rights Offering, 6 million shares of common stock issued to the holders of general unsecured and retiree committee unsecured claims valued at $14.11 per share, 1.7 million shares of common stock valued at $14.11 per share issued to the Backstop Parties in connection with the Backstop Commitment Agreement, 0.1 million shares of common stock issued under Kodak’s 2013 Omnibus Incentive Plan on the Effective Date, and issuance of warrants valued at $24 million.

⁽¹⁹⁾ Reflects the cancellation of Predecessor Company equity to retained earnings.

⁽²⁰⁾ Reflects the cumulative impact of the reorganization adjustments discussed above:

(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	)

The net gain on reorganization adjustments has been included in Reorganization items, net in the Consolidated Statement of Operations.

Fresh Start adjustments

⁽²¹⁾ 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:

	Successor		Predecessor
(in millions)	As ofSeptember 1, 2013		As of August 31, 2013
Finished goods	$	280	$	235
Work in process		120		99
Raw materials		102		101
Total	$	502	$	435

⁽²²⁾ Represents fair value adjustment to the assets and liabilities of the Company’s Personalized Imaging and Document Imaging businesses in delayed close countries.

⁽²³⁾ Represents the net decrease in tax assets and tax liabilities associated with adjustments for fresh start accounting.

⁽²⁴⁾ 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:

	Successor		Predecessor
(in millions)	AsofSeptember 1, 2013		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

For property, plant and equipment owned at September 1, 2013, the depreciable lives were revised to reflect the remaining estimated useful lives. Refer to Note 1, “Basis of Presentation and Significant Accounting Policies” for additional information.

⁽²⁵⁾ 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:

	Successor
(in millions)	Asof 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

Refer to Note 5, “Goodwill and Other Intangible Assets” for Successor goodwill by reportable segment.

⁽²⁶⁾ 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.

⁽²⁷⁾ Represents the write-off of deferred costs under various licensing transactions now being reflected in intangible assets.

⁽²⁸⁾ Represents the write-off of unamortized debt issuance costs related to the Emergence Credit Facilities.

⁽²⁹⁾ Represents the revaluation of pension and other postretirement obligations. Refer to Note 16, “Retirement plans “and Note 17, ”Other postretirement benefits” for additional information.

⁽³⁰⁾ Represents the revaluation of deferred revenues to the fair value of Kodak’s related future performance obligations.

⁽³¹⁾ Represents the write-off of unamortized debt discounts related to the Emergence Credit Facilities based on the fair value of debt.

⁽³²⁾ Represents $38 million decrease in capitalized lease obligations determined based on market rents, $19 million decrease related to the remeasurement of employee benefit obligations offset by net $4 million increase in fair value adjustment related to asset retirement obligations and other miscellaneous liabilities.

⁽³³⁾ Reflects the increase in fair value of the 34 million shares of common stock issued in connection with the Rights Offering from $11.94 to $14.11 per share.

⁽³⁴⁾ Reflects the cumulative impact of fresh start adjustments as discussed above and the elimination of the Predecessor Company’s accumulated other comprehensive loss.

(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	)

The net gain on fresh start adjustments has been included in Reorganization items, net in the Consolidated Statement of Operations.

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Note 26 - Reorganization Items, Net

12 Months Ended

Dec. 31, 2015

Reorganization Items Net [Abstract]

Reorganization Items Net [Text Block]

NOTE 26:  REORGANIZATION ITEMS, NET

A summary of reorganization items, net is presented in the following table:

	Successor								Predecessor
(in millions)	Year Ended December 31, 2015		Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Professional fees	$	1	$	10		$	19		$	114
Provision for expected allowed claims		—		(1	)		—			133
Net gain on reorganization adjustments		—		—			—			(1,957	)
Net gain on fresh start adjustments		—		—			—			(302	)
Other items, net		4		4			(3	)		(14	)
Reorganization items, net	$	5	$	13		$	16		$	(2,026	)
Cash payments for reorganization items	$	9	$	21		$	85		$	210

Subsequent to the Effective Date, costs directly attributable to the implementation of the Plan are reported as Reorganization items, net. The cash payments for reorganization items for the eight months ended August 31, 2013 includes $84 million of claims related to liabilities subject to compromise paid on the Effective Date. Refer to Note 25, “Fresh Start Accounting” for additional information on the net gain on reorganization and fresh start adjustments.

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Note 27 - Discontinued Operations

12 Months Ended

Dec. 31, 2015

Disclosure Text Block [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

NOTE 27:  DISCONTINUED OPERATIONS

Discontinued operations of Kodak include the Prosper Business, the PI/DI Business (excluding the consumer film business, for which Kodak entered into an ongoing supply arrangement with one or more parties) and other miscellaneous businesses.

KODAK PROSPER Enterprise Inkjet Business

In March 2016 Kodak announced that it is in talks with prospective buyers about offers to purchase its KODAK PROSPER Enterprise Inkjet business (the “Prosper Business”).  The results of operations of the Prosper Business are classified as discontinued operations in the Consolidated Statement of Operations for all periods presented.  Additionally, the assets and liabilities associated with the Prosper Business are classified as held for sale in the Consolidated Statement of Financial Position as of December 31, 2015 and 2014.  Kodak anticipates the sale of the Prosper Business may take up to a year to complete.

The results of operations of the Prosper Business are presented in the following table:

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Revenues	$	89		$	70		$	30		$	38
Cost of sales		86			74			28			50
Selling, general and administrative expenses		22			26			9			16
Research and development expenses		17			30			12			22
Restructuring costs and other		1			3			—			—
Loss from discontinued operations, before income taxes		(37	)		(63	)		(19	)		(48	)
(Provision) benefit for income taxes		(2	)		—			—			—
Loss from discontinued operations, net of income taxes	$	(39	)	$	(63	)	$	(19	)	$	(48	)

The following table presents the aggregate carrying amount of major assets and liabilities of the Prosper Business:

(in millions)	December 31, 2015		December 31, 2014
ASSETS
Cash and cash equivalents	$	1	$	—
Receivables, net		15		12
Inventories, net		51		57
Property, plant and equipment, net		32		23
Intangible assets, net		38		42
Other assets		4		3
Assets of business held for sale	$	141	$	137
LIABILITIES
Accounts payable, trade	$	9	$	7
Current portion of long-term debt		1		—
Other current liabilities		12		23
Long-term debt, net of current portion		2		—
Pension and other postretirement liabilities		4		5
Other long-term liabilities		1		2
Liabilities of business held for sale	$	29	$	37

Current assets held for sale as of both December 31, 2015 and 2014 and Current liabilities held for sale as of December 31, 2014 in the Consolidated Statement of Financial Position included items under contract for sale not associated with the Prosper Business or the PI/DI Business.  An additional $2 million was reported in Current assets held for sale as of for both December 31, 2015 and 2014.  An additional $9 million was reported in Current liabilities held for sale as of December 31, 2014.

The following table presents cash flow information associated with the Prosper Business:

	Successor						Predecessor
(in millions)	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
Depreciation	$	6	$	4	$	1	$	2
Amortization		4		4		1		2
Capital expenditures		3		1		1		—

Depreciation and amortization of long-lived assets of the Prosper Business included in discontinued operations ceased on April 1, 2016.

Personalized Imaging and Document Imaging Businesses

On the Effective Date, as a part of the Global Settlement and pursuant to the Amended SAPA, Kodak consummated the sale of certain assets of the PI/DI Business to the KPP Purchasing Parties for net cash consideration, in addition to the assumption by the KPP Purchasing Parties of certain liabilities of the PI/DI Business, of $325 million. Up to $35 million in aggregate of the purchase price is subject to repayment to KPP if the PI/DI Business does not achieve certain annual adjusted EBITDA targets over the four-year period ending December 31, 2018. Certain assets and liabilities of the PI/DI Business in certain jurisdictions were not transferred at the initial closing, which took place on the Effective Date, but were transferred at a series of deferred closings in accordance with the Amended SAPA.  The final deferred closing occurred in September 2015. Kodak operated the PI/DI Business related to the deferred closing jurisdictions, subject to certain covenants, until the applicable deferred closing occurred, and delivered to (or received from) a KPP subsidiary at each deferred closing a true-up payment that reflected the actual economic benefit (or detriment) to the PI/DI Business in the applicable deferred closing jurisdiction(s) from the time of the initial closing through the time of the applicable deferred closing.  Up to the time of the deferred closing, the results of the operations of the PI/DI Business were being reported as (Loss) earnings from discontinued operations, net of income taxes in the Consolidated Statement of Operations and the assets and liabilities of the PI/DI Business were being categorized as Assets held for sale or Liabilities held for sale in the Consolidated Statement of Financial Position, as appropriate.

Kodak recognized a pre-tax loss on the sale of the PI/DI Business of approximately $163 million during the third quarter 2013 predecessor period. The pre-tax loss excluded recognition of $64 million of non-refundable consideration related to the delayed closings, which non-refundable consideration was received on the Effective Date, and $35 million of contingent consideration, subject to repayment to KPP which was also received by Kodak on the Effective Date. The pre-tax loss included the recognition of approximately $1.5 billion of unamortized pension losses previously reported in Accumulated other comprehensive income.

On March 17, 2014, the KPP Purchasing Parties agreed to pay Kodak $20 million of incremental consideration ($13 million was paid in March 2014 and the remainder was paid in March 2015) in lieu of working capital adjustments contemplated by the Amended SAPA.

The following table summarizes the major classes of assets and liabilities related to the disposition of the PI/DI Business which have been segregated and reported as part of Current assets held for sale and Current liabilities held for sale in the Consolidated Statement of Financial Position:

	As of December 31,
(in millions)	2015		2014
Inventories, net	$	—	$	2
Property, plant and equipment, net		—		4
Other assets		—		6
Current assets held for sale	$	—	$	12
Trade payables	$	—	$	1
Current liabilities held for sale	$	—	$	1

The significant components of revenues and earnings (loss) from discontinued operations of the PI/DI Business and other miscellaneous businesses (excluding Prosper), net of income taxes are as follows:

	Successor									Predecessor
	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
(in millions)
Revenues from Personalized and Document Imaging	$	1		$	61		$	77		$	738
Revenues from other discontinued operations		—			—			1			23
Total revenues from discontinued operations	$	1		$	61		$	78		$	761
Pre-tax (loss) earnings from Personalized and Document Imaging	$	(5	)	$	9		$	5		$	(217	)
Pre-tax loss from other discontinued operations		—			—			1			(14	)
(Provision) benefit for income taxes related to discontinued    operations		(3	)		(5	)		(2	)		96
Earnings (loss) from discontinued operations, net of income taxes	$	(8	)	$	4		$	4		$	(135	)

The $5 million in pre-tax loss recognized in 2015 represents costs incurred related to the final deferred closing.

Kodak was required to use a portion of the proceeds from the divestiture of the Business to repay $200 million of the Junior DIP Credit Agreement. Interest expense on the debt that was required to be repaid as a result of the sale of the Pl/Dl Business has therefore been allocated to discontinued operations ($14 million for the eight months ended August 31, 2013).

Depreciation and amortization of long-lived assets of the Pl/Dl Business included in discontinued operations ceased as of July 1, 2013.

Direct operating expenses of the discontinued operations are included in the results of discontinued operations. Indirect expenses that were historically allocated to the discontinued operations have been included in the results of continuing operations. Prior period results have been reclassified to conform to the current period presentation.

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Note 28 - Quarterly Sales and Earnings Data (Unaudited)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

QUARTERLY SALES AND EARNINGS DATA (UNAUDITED)

(in millions, except per share data)	4th Qtr.				3rd Qtr.			2nd Qtr.			1st Qtr.
2015
Net revenues from continuing operations	$	439			$	425		$	434		$	411
Gross profit from continuing operations		117				94			84			83
Earnings (loss) from continuing operations		30		(3)		(6	)		(15	)		(37	)
Loss from discontinued operations (4)		(7	)			(15	)		(8	)		(17	)
Net earnings (loss) attributable to Eastman Kodak Company		24				(22	)		(24	)		(58	)
Basic and diluted net earnings (loss) per share attributable to    Eastman Kodak Company
Continuing operations	$	0.74			$	(0.17	)	$	(0.38	)	$	(0.97	)
Discontinued operations		(0.17	)			(0.36	)		(0.19	)		(0.41	)
Total	$	0.57			$	(0.53	)	$	(0.57	)	$	(1.38	)

(in millions, except per share data)	4th Qtr.				3rd Qtr.				2nd Qtr.			1st Qtr.
2014
Net revenues from continuing operations	$	514			$	550			$	510		$	472
Gross profit from continuing operations		(108	)			158				104			90
(Loss) earnings from continuing operations		(25	)	(2)		47		(1)		(44	)		(35	)
(Loss) earnings from discontinued operations (4)		(14	)			(29	)			(17	)		1
Net (loss) earnings attributable to Eastman Kodak Company		(42	)			17				(62	)		(36	)
Basic net (loss) earnings per share attributable to Eastman Kodak    Company
Continuing operations	$	(0.67	)		$	1.10			$	(1.08	)	$	(0.88	)
Discontinued operations		(0.33	)			(0.69	)			(0.41	)		0.02
Total	$	(1.00	)		$	0.41			$	(1.49	)	$	(0.86	)
Diluted net (loss) earnings per share attributable to Eastman    Kodak Company
Continuing operations	$	(0.67	)		$	1.06			$	(1.08	)	$	(0.88	)
Discontinued operations		(0.33	)			(0.67	)			(0.41	)		0.02
Total	$	(1.00	)		$	0.39			$	(1.49	)	$	(0.86	)

⁽¹⁾ Includes pre-tax licensing revenue of $51 million which increased net earnings from continuing operations by $51 million.

⁽²⁾ Includes pre-tax charge of $16 million from the remeasurement of the Venezuelan subsidiary monetary assets and liabilities, which decreased net earnings from continuing operations by $16 million.

⁽³⁾ Includes $16 million pre-tax benefit from the change in U.S. vacation benefits, which increased net earnings from continuing operations by $16 million.

⁽⁴⁾ Refer to Note 27, “Discontinued Operations”, in the Notes to Financial Statements for a discussion regarding discontinued operations.

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Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2015

Valuation And Qualifying Accounts [Abstract]

Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

Schedule II

Eastman Kodak Company

Valuation and Qualifying Accounts

	Beginning				Net Deductions		Ending
(in millions)	Balance		Additions		and Other		Balance
Year ended December 31, 2015 (Successor)
Reserve for doubtful accounts	$	11		4		5	$	10
Deferred tax valuation allowance	$	1,127		182		108	$	1,201
Year ended December 31, 2014 (Successor)
Reserve for doubtful accounts	$	6		5		—	$	11
Deferred tax valuation allowance	$	953		257		83	$	1,127
Four Months ended December 31, 2013 (Successor)
Reserve for doubtful accounts	$	—		6		—	$	6
Deferred tax valuation allowance	$	1,273		157		477	$	953
In connection with the application of fresh start accounting on September 1, 2013, the carrying value of trade receivables was adjusted to fair value, eliminating the reserve for doubtful accounts.
Eight Months ended August 31, 2013 (Predecessor)
Reserve for doubtful accounts	$	30		—		8	$	22
Deferred tax valuation allowance	$	2,838		180		1,745	$	1,273

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Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2015

Accounting Policies [Abstract]

Basis of Accounting, Policy [Policy Text Block]

BASIS OF PRESENTATION

On January 19, 2012 (the “Petition Date”), Eastman Kodak Company (“EKC” or the “Company”) and its U.S. subsidiaries (collectively, the “Debtors”) filed voluntary petitions for relief under chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”). The cases (the “Chapter 11 Cases”) were jointly administered as Case No. 12-10202 (ALG) under the caption “In re Eastman Kodak Company.”  The Debtors operated their businesses as “debtors-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of chapter 11 of the Bankruptcy Code and the orders of the Bankruptcy Court until their emergence from bankruptcy. The Company’s foreign subsidiaries were not part of the Chapter 11 Cases, and continued to operate in the ordinary course of business.

Upon emergence from bankruptcy on September 3, 2013, Kodak adopted fresh-start accounting which resulted in Kodak becoming a new entity for financial reporting purposes. Kodak applied fresh start accounting as of September 1, 2013. Accordingly, the consolidated financial statements on or after September 1, 2013 are not comparable to the consolidated financial statements prior to that date. Refer to Note 25, “Fresh Start Accounting” for additional information.

Subsequent to the Petition Date, all expenses, gains and losses directly associated with the reorganization proceedings are reported as Reorganization items, net in the accompanying Consolidated Statement of Operations. In addition, Liabilities subject to compromise during the chapter 11 proceedings were distinguished from liabilities of the Company’s foreign subsidiaries that were not part of the Chapter 11 Cases, fully-secured liabilities that were not expected to be compromised and from post-petition liabilities in the accompanying Consolidated Statement of Financial Position.

References to “Successor” or “Successor Company” relate to the reorganized Kodak subsequent to September 3, 2013.  References to “Predecessor” or “Predecessor Company” relate to Kodak prior to September 3, 2013.

Reclassification, Policy [Policy Text Block]

Reclassifications

Certain amounts for prior periods have been reclassified to conform to the current period classification due to Kodak’s new organization structure as of January 1, 2015, for a change in the segment measure of profitability and due to the presentation of the Prosper Business as discontinued operations and assets held for sale.  In addition to the changes in segment reporting under the new organization structure, tenant rental income for Eastman Business Park previously reported in Cost of Revenues is reported in Revenues.  Refer to Note 23, “Segment Information” for more information about these changes.

Accounting Principles Policy [Policy Text Block]

ACCOUNTING PRINCIPLES

The consolidated financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).  The following is a description of the significant accounting policies of Kodak.

Consolidation, Policy [Policy Text Block]

BASIS OF CONSOLIDATION

The consolidated financial statements include the accounts of EKC and all companies directly or indirectly controlled by EKC, either through majority ownership or otherwise (collectively “Kodak”).  Kodak consolidates variable interest entities if Kodak has a controlling financial interest and is determined to be the primary beneficiary of the entity.

Kodak is the primary beneficiary of a utilities variable interest entity, RED-Rochester, LLC (“RED”).  Therefore, Kodak consolidates RED’s assets, liabilities and results of operations.  Consolidated assets and liabilities of RED are $69 million and $13 million, respectively, as of December 31, 2015 and $77 million and $11 million, respectively, as of December 31, 2014.  RED’s equity in those net assets as of December 31, 2015 and 2014 is $25 million and $21 million, respectively.  RED’s results of operations are reflected in net income attributable to noncontrolling interest in the accompanying Consolidated Statement of Operations.

Use of Estimates, Policy [Policy Text Block]

USE OF ESTIMATES

The preparation of financial statements in conformity with U.S. GAAP accounting requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of commitments and contingencies at year end, and the reported amounts of revenues and expenses during the reporting periods presented.  Actual results could differ from these estimates.

Foreign Currency Transactions and Translations Policy [Policy Text Block]

FOREIGN CURRENCY

For most subsidiaries and branches outside the U.S., the local currency is the functional currency.  The financial statements of these subsidiaries and branches are translated into U.S. dollars as follows: assets and liabilities at year-end exchange rates; revenue, expenses and cash flows at average exchange rates; and shareholders’ equity at historical exchange rates.  For those subsidiaries for which the local currency is the functional currency, the resulting translation adjustment is recorded as a component of Accumulated other comprehensive (loss) income in the accompanying Consolidated Statement of Financial Position.  Translation adjustments related to investments that are permanent in nature are not tax-effected.

For certain other subsidiaries and branches outside the U.S., operations are conducted primarily in U.S. dollars, which is therefore the functional currency.  Monetary assets and liabilities of these foreign subsidiaries and branches, which are recorded in local currency, are remeasured at year-end exchange rates, while the related revenue, expense, and gain and loss accounts, which are recorded in local currency, are remeasured at average exchange rates.  Non-monetary assets and liabilities, and the related revenue, expense, and gain and loss accounts, are remeasured at historical exchange rates.  Adjustments that result from the remeasurement of the assets and liabilities of these subsidiaries are included in Other (charges) income, net in the accompanying Consolidated Statement of Operations.

The effects of foreign currency transactions, including related hedging activities, are included in Other (charges) income, net, in the accompanying Consolidated Statement of Operations.

Venezuela Currency

Kodak has accounted for the Venezuelan economy as highly inflationary since 2010.  Accordingly, Kodak’s Venezuelan subsidiary uses the U.S. dollar as its functional currency, and monetary assets and liabilities denominated in BsF generate income or expense for changes in value associated with foreign currency exchange rate fluctuations against the U.S. dollar.  Kodak’s Venezuelan subsidiary does not have ongoing trading activity.

The Venezuelan government has maintained currency controls and a fixed official exchange rate since 2003.  The official exchange rate at December 31, 2015 and 2014 was 6.3 Venezuelan Bolivars Fuertes (“BsF”) to the U.S. dollar.  In 2013, the Venezuelan government announced the creation of a complementary currency exchange system, referred to as “SICAD 1.”  SICAD 1 was determined by an auction process restricted to invited entities for designated uses.  At December 31, 2014, the SICAD 1 exchange rate was 12.0 BsF to the U.S. Dollar.  In 2014, the Venezuelan government created another currency exchange system known as “SICAD 2,” indicating that all industry sectors and companies would be eligible to participate in SICAD 2.  Transactions in SICAD 2 were regulated by the Venezuelan Central Bank.  Entities were required to submit applications to convert BsF to U.S. dollars under SICAD 2.  The SICAD 2 exchange rate as of December 31, 2014 was  49.99 BsF to the U.S. dollar.

Given increased uncertainty in Venezuela, Kodak adopted the SICAD 2 rate to remeasure BsF denominated monetary assets and liabilities of its Venezuelan subsidiary to the U.S. dollar as of December 31, 2014.  As a result of this change from the official exchange rate, Kodak recorded a charge of $16 million in other (charges), income net in the fourth quarter of 2014.

In 2015, the Venezuelan government merged the SICAD 1 and SICAD 2 exchange mechanisms into a single mechanism called SICAD and introduced a new open market system, “SIMADI.”  The SIMADI market is intended to have a floating exchange rate determined by market participants.  Kodak adopted the SIMADI rate to remeasure BsF denominated monetary assets and liabilities of its Venezuelan subsidiary to the U.S. dollar as of March 31, 2015. The SIMADI exchange rate at March 31, 2015 was 191.97 BsF to the U.S. dollar.  As a result of the change from the SICAD 2 rate, Kodak recorded a charge of $2 million in other (charges), income net in the first quarter of 2015.  The SIMADI exchange rate as of December 31, 2015 was 198.7 BsF to the U.S. dollar.

As of December 31, 2015 and December 31, 2014, Kodak’s Venezuelan subsidiary had approximately $1 million and $2 million, respectively, of BsF denominated net monetary assets, composed primarily of cash and cash equivalents.

Concentration Risk, Credit Risk, Policy [Policy Text Block]

CONCENTRATION OF CREDIT RISK

Financial instruments that potentially subject Kodak to significant concentrations of credit risk consist principally of cash and cash equivalents, receivables, and derivative instruments.  Kodak places its cash and cash equivalents with high-quality financial institutions and limits the amount of credit exposure to any one institution.  With respect to receivables, such receivables arise from sales to numerous customers in a variety of industries, markets, and geographies around the world.  Receivables arising from these sales are generally not collateralized.  Kodak performs ongoing credit evaluations of its customers’ financial condition, and maintains reserves for potential credit losses and such losses, in the aggregate, have not exceeded management’s expectations.  Counterparties to the derivative instrument contracts are major financial institutions.  Kodak has not experienced non-performance by any of its derivative instruments counterparties.

Cash and Cash Equivalents, Policy [Policy Text Block]

CASH EQUIVALENTS

All highly liquid investments with a remaining maturity of three months or less at date of purchase are considered to be cash equivalents.

Inventory, Policy [Policy Text Block]

INVENTORIES

Inventories are stated at the lower of cost or market.  The cost of all of Kodak’s inventories is determined by the average cost method, which approximates current cost.  Kodak provides inventory reserves for excess, obsolete or slow-moving inventory based on changes in customer demand, technology developments or other economic factors.

Property, Plant and Equipment, Policy [Policy Text Block]

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment are recorded at cost, net of accumulated depreciation with the exception of property, plant and equipment owned as of the application of fresh start accounting. Kodak capitalizes additions and improvements while maintenance and repairs are charged to expense as incurred.  Upon sale or other disposition, the applicable amounts of asset cost and accumulated depreciation are removed from the accounts and the net amount, less proceeds from disposal, is charged or credited to net (loss) earnings.  In connection with fresh start accounting, property, plant and equipment were adjusted to their estimated fair value and depreciable lives were revised as of September 1, 2013. Refer to Note 25, “Fresh Start Accounting.”

Kodak calculates depreciation expense using the straight-line method over the assets’ estimated useful lives, which are as follows:

	Successor Company	As of September 1, 2013
Buildings and building improvements	5-40	1-38
Land improvements	20	1-20
Leasehold improvements	3-20	1-10
Equipment	3-15	1-20
Tooling	1-3	1-3
Furniture and fixtures	5-10	1-10

Kodak depreciates leasehold improvements over the shorter of the lease term or the asset’s estimated useful life.

Equipment subject to operating leases is included in Property, plant and equipment, net in the Consolidated Statement of Financial Position.  Equipment subject to operating leases consists of equipment rented to customers and is depreciated to estimated salvage value over its expected useful life.  Equipment operating lease terms and depreciable lives generally vary from 3 to 7 years.

Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]

GOODWILL

Goodwill reported in the Successor period represents the reorganizational value of assets in excess of amounts allocated to identified tangible and intangible assets.  Refer to Note 25, “Fresh Start Accounting.”  Goodwill is not amortized, but is required to be assessed for impairment at least annually and whenever events or changes in circumstances occur that would more likely than not reduce the fair value of the reporting unit below its carrying amount.  Kodak performed the annual test of impairment as of October 1, 2015 for all its reporting units and updated its analysis as of December 31, 2015 due to the change in the annual goodwill impairment test date from October 1 to December 31.

When testing goodwill for impairment, Kodak may assess qualitative factors for some or all of its reporting units to determine whether it is more likely than not (that is, a likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying amount, including goodwill.  If Kodak determines based on this qualitative test of impairment that it is more likely than not that a reporting unit’s fair value is less than its carrying amount, or elects to bypass the qualitative assessment for some or all of its reporting units, then a two-step goodwill impairment test is performed to test for a potential impairment of goodwill (step 1) and if potential losses are identified, to measure the impairment loss (step 2). Determining the fair value of a reporting unit involves the use of significant estimates and assumptions.  Refer to Note 5, “Goodwill and Other Intangible Assets”.

Workers Compensation, Policy [Policy Text Block]

WORKERS COMPENSATION

Kodak self insures and participates in high-deductible insurance programs with retention and per occurrence deductible levels for claims related to workers compensation. The estimated liability for workers compensation is based on actuarially estimated, discounted cost of claims, including claims incurred but not reported.   Historical loss development factors are utilized to project the future development of incurred losses, and the amounts are adjusted based on actual claim experience, settlements, claim development trends, changes in state regulations and judicial interpretations.  Amounts recoverable from insurance companies or third parties are estimated using historical experience and estimates of future recoveries.  Estimated recoveries are not offset against the related accrual.

Revenue Recognition, Policy [Policy Text Block]

REVENUE

Kodak’s revenue transactions include sales of products (such as components and consumables for use in Kodak and other manufacturers’ equipment and film based products); equipment; software; services; integrated solutions; and intellectual property and brand licensing.  Kodak recognizes revenue when realized or realizable and earned, which is when the following criteria are met: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the sales price is fixed or determinable; and (4) collectability is reasonably assured.  At the time revenue is recognized, Kodak provides for the estimated costs of customer incentive programs, warranties and estimated returns and reduces revenue accordingly.  For those incentives that require the estimation of sales volumes or redemption rates, such as for volume rebates, Kodak uses historical experience and internal and customer data to estimate the sales incentive at the time revenue is recognized.  Kodak accrues the estimated cost of post-sale obligations, including basic product warranties, based on historical experience at the time Kodak recognizes revenue.

For product sales, the revenue recognition criteria are generally met when title and risk of loss have transferred from Kodak to the buyer, which may be upon shipment or upon delivery to the customer site, based on contract terms or legal requirements in certain jurisdictions.

For equipment sales, the recognition criteria are generally met when the equipment is delivered and installed at the customer site.  Revenue is recognized for equipment upon delivery as opposed to upon installation when the equipment has stand-alone value to the customer, and the amount of revenue allocable to the equipment is not legally contingent upon the completion of the installation.  In instances in which the agreement with the customer contains a customer acceptance clause, revenue is deferred until customer acceptance is obtained, provided the customer acceptance clause is considered to be substantive.  For certain agreements, Kodak does not consider these customer acceptance clauses to be substantive because Kodak can and does replicate the customer acceptance test environment and performs the agreed upon product testing prior to shipment.  In these instances, revenue is recognized upon installation of the equipment.

Revenue from the sale of software licenses is recognized when (1) Kodak enters into a legally binding arrangement with a customer for the license of software; (2) Kodak delivers the software; (3) customer payment is deemed fixed or determinable and free of contingencies or significant uncertainties; and (4) collection from the customer is probable.  Software maintenance and support revenue is recognized ratably over the term of the related maintenance contract.

Revenue from services includes extended warranty, customer support and maintenance agreements, consulting, business process services, training and education.  Service revenue is recognized over the contractual period or as services are performed.  In service arrangements where final acceptance of a system or solution by the customer is required, revenue is deferred until all acceptance criteria have been met.

The timing and the amount of revenue recognized from the licensing of intellectual property depend upon a variety of factors, including the specific terms of each agreement and the nature of the deliverables and obligations.  Revenue is only recognized after all of the following criteria are met: (1) Kodak enters into a legally binding arrangement with a licensee of Kodak’s intellectual property, (2) Kodak delivers the technology or intellectual property rights, (3) licensee payment is deemed fixed or determinable and free of contingencies or significant uncertainties, and (4) collection from the licensee is reasonably assured.

Most of Kodak’s equipment has both software and non-software components that function together to deliver the equipment’s essential functionality and therefore they are accounted for together as non-software deliverables.  Non-essential software sold in connection with Kodak’s equipment sales is accounted for as separate deliverables or elements.  In most cases, these software products sold as part of a multiple element arrangement include software maintenance agreements as well as unspecified upgrades or enhancements on a when-and-if-available basis.  In multiple element arrangements where non-essential software deliverables are included, revenue is allocated to non-software and to software deliverables each as a group based on relative selling prices of each of the deliverables in the arrangement.  Revenue allocated to software licenses is recognized when all revenue recognition criteria have been met.  Revenue generated from maintenance and unspecified upgrades or updates on a when-and-if-available basis is recognized over the contract period.

Research and Development Expense, Policy [Policy Text Block]

RESEARCH AND DEVELOPMENT COSTS

Research and development (“R&D”) costs, which include costs incurred in connection with new product development, fundamental and exploratory research, process improvement, product use technology and product accreditation, are expensed in the period in which they are incurred.

Advertising Costs, Policy [Policy Text Block]

ADVERTISING

Advertising costs are expensed as incurred and are included in Selling, general and administrative expenses in the accompanying Consolidated Statement of Operations.  Advertising expenses amounted to $6 million, $10 million, $5 million and $12 million for the years ended December 31, 2015 and December 31, 2014, four months ended December 31, 2013, and for the eight months ended August 31, 2013, respectively.

Shipping and Handling Cost, Policy [Policy Text Block]

SHIPPING AND HANDLING COSTS

Amounts charged to customers and costs incurred by Kodak related to shipping and handling are included in net sales and cost of sales, respectively.

Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]

IMPAIRMENT OF LONG-LIVED ASSETS

The carrying values of long-lived assets, other than goodwill and intangible assets with indefinite useful lives, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying values may not be recoverable.  In connection with fresh start accounting, the carrying values of long-lived assets were adjusted to estimated fair value as of September 1, 2013 and Kodak revised its estimates of the remaining useful lives of all long-lived assets.   Refer to Note 25, “Fresh Start Accounting.”

The recoverability of the carrying values of long-lived assets is assessed by first grouping long-lived assets with other assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities (the asset group) and, secondly, by estimating the undiscounted future cash flows that are directly associated with and that are expected to arise from the use of and eventual disposition of such asset group.  Kodak estimates the undiscounted cash flows over the remaining useful life of the primary asset within the asset group.  If the carrying value of the asset group exceeds the estimated undiscounted cash flows, Kodak records an impairment charge to the extent the carrying value of the long-lived asset exceeds its fair value.  Kodak determines fair value through quoted market prices in active markets or, if quoted market prices are unavailable, through the performance of internal analyses of discounted cash flows.

The remaining useful lives of long-lived assets are reviewed in connection with the assessment of recoverability of long-lived assets and the ongoing strategic review of the business and operations.  If the review indicates that the remaining useful life of the long-lived asset has changed significantly, the depreciation on that asset is adjusted to facilitate full cost recovery over its revised estimated remaining useful life.

The carrying values of indefinite-lived intangible assets are evaluated for potential impairment annually or whenever events or changes in circumstances indicate that it is more likely than not that the asset is impaired. Refer to Note 5, “Goodwill and Other Intangible Assets.”

Income Tax, Policy [Policy Text Block]

INCOME TAXES

Kodak recognizes deferred tax liabilities and assets for the expected future tax consequences of operating losses, credit carry-forwards and temporary differences between the carrying amounts and tax basis of Kodak’s assets and liabilities.  Kodak records a valuation allowance to reduce its net deferred tax assets to the amount that is more likely than not to be realized.  For discussion of the amounts and components of the valuation allowances as of December 31, 2015 and 2014, see Note 14, “Income Taxes.”

The undistributed earnings of Kodak’s foreign subsidiaries are not considered permanently reinvested.  Kodak has recognized a deferred tax liability (net of related foreign tax credits) on the foreign subsidiaries’ undistributed earnings. 

New Accounting Pronouncements, Policy [Policy Text Block]

RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS

In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-07, Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent). ASU 2015-07 removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share expedient. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015 (January 1, 2016 for Kodak) with retrospective application to all periods presented. Kodak early adopted ASU 2015-07 effective December 31, 2015.  The retrospective adoption resulted in a reduction in Level 3 assets for the U.S. plans of $1,837 million and $1,721 million at December 31, 2014 and January 1, 2014, respectively, and a reduction in Level 3 assets for the non-U.S. plans of $106 million at both December 31, 2014 and January 1, 2014.  In addition, Level 2 assets for the U.S. and non-U.S. plans decreased by $1,761 million and $251 million, respectively, at December 31, 2014.  Refer to Note 16, “Retirement Plans.”

In April 2014, the FASB issued ASU 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360).”  ASU 2014-08 defines a discontinued operation as a disposal of a component (or group of components) of an entity that was disposed of or is classified as held for sale and represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results.  ASU 2014-08 expands the disclosures when an entity retains a significant continuing involvement with a discontinued operation as well as for disposals of individually material components that do not qualify as discontinued operations.  The amendments in the update were effective prospectively for fiscal years, and interim periods within those years, beginning after December 15, 2014 (January 1, 2015 for Kodak) to new disposals and new disposal groups classified as held for sale after the effective date. The adoption of this guidance did not have a material impact on Kodak’s Consolidated Financial Statements.

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). ASU 2016-02 requires lessees to recognize most leases on their balance sheets as lease liabilities with corresponding right-of-use assets and eliminates certain real estate-specific provisions. The new leasing standard is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2018 (January 1, 2019 for Kodak).  Early adoption is permitted.  Kodak is currently evaluating the impact of this ASU.

In January 2016, the FASB issued ASU 2016-01, Financial Instruments–Overall: Recognition and Measurement of Financial Assets and Financial Liabilities.  ASU 2016-01 primarily affects the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. Under the ASU all equity investments in unconsolidated entities (other than those accounted for using the equity method of accounting) will generally be measured at fair value through earnings.  In addition, the FASB clarified guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. The classification and measurement guidance will be effective for Kodak beginning January 1, 2018, including interim periods within those fiscal years.  Kodak is currently evaluating the impact of this ASU.

In November 2015, the FASB issued ASU 2015-17, Income Taxes (Topic 740) Balance Sheet Classification of Deferred Taxes.  ASU 2015-17 amends the accounting for income taxes and requires all deferred tax assets and liabilities to be classified as non-current on the consolidated balance sheet. ASU 2015-17 is effective for fiscal years and interim reporting periods within those years beginning after December 15, 2016 (January 1, 2017 for Kodak), with early adoption permitted in any annual or interim period. ASU 2015-17 may be adopted either prospectively or retrospectively. Kodak is currently evaluating the method of adoption and expects ASU 2015-17 will have an impact on the consolidated balance sheet.  The current deferred tax assets in excess of valuation allowance were $22 million as of December 31, 2015.

In April 2015, the FASB issued ASU 2015-03, Imputation of Interest (Sub-Topic 835.30):  Simplifying the Presentation of Debt Issuance Costs.  ASU 2015-03 requires debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. In August 2015, the FASB issued ASU 2015-15 clarifying the application of this guidance to line of credit arrangements.  The amendments in the ASUs are effective retrospectively for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015 (January 1, 2016 for Kodak). Early adoption is permitted for financial statements not previously issued.  Kodak does not expect the adoption of this guidance to have a material impact on its Consolidated Financial Statements.

In February 2015, the FASB issued ASU 2015-02, “Consolidation (Topic 810): Amendments to the Consolidation Analysis”. The amendments in ASU 2015-02 change the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. The amendments in this ASU are effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015 (January 1, 2016 for Kodak). Early adoption is permitted, including adoption in an interim period. A reporting entity may apply the amendments in this ASU either retrospectively or use a modified retrospective approach by recording a cumulative-effect adjustment to equity as of the beginning of the fiscal year of adoption. Kodak does not expect the adoption of this guidance to have a material impact on its Consolidated Financial Statements.

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).”  ASU 2014-09 supersedes the revenue recognition requirements in Topic 605, “Revenue Recognition” and most industry-specific guidance.  The core principle of ASU 2014-09 is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services.  In July 2015, the FASB deferred the effective date of ASU 2014-09.  The new revenue standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017 (January 1, 2018 for Kodak) and allows either a full retrospective adoption to all periods presented or a modified retrospective adoption approach with the cumulative effect of initial application of the revised guidance recognized at the date of initial application.  Kodak is currently evaluating the adoption alternatives and impact of this ASU.

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Note 1 - Basis of Presentation and Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2015

Disclosure Text Block [Abstract]

Property, Plant, and Equipment, Estimated Useful Lives [Table Text Block]

	Successor Company	As of September 1, 2013
Buildings and building improvements	5-40	1-38
Land improvements	20	1-20
Leasehold improvements	3-20	1-10
Equipment	3-15	1-20
Tooling	1-3	1-3
Furniture and fixtures	5-10	1-10

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Note 2 - Receivables, Net (Tables)

12 Months Ended

Dec. 31, 2015

Table [Text Block]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	As of December 31,
(in millions)	2015		2014
Trade receivables	$	300	$	345
Miscellaneous receivables		50		57
Total (net of allowances of $10 and $11 as of December 31, 2015    and December 31, 2014, respectively)	$	350	$	402

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Note 3 - Inventories, Net (Tables)

12 Months Ended

Dec. 31, 2015

Table [Text Block]

Schedule of Inventory, Current [Table Text Block]

	As of December 31,
(in millions)	2015		2014
Finished goods	$	141	$	160
Work in process		61		70
Raw materials		61		62
Total	$	263	$	292

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Note 4 - Property, Plant and Equipment, Net and Equipment Subject to Operating Leases, Net (Tables)

12 Months Ended

Dec. 31, 2015

Property Plant And Equipment [Abstract]

Property, Plant and Equipment [Table Text Block]

	As of December 31,
(in millions)	2015			2014
Land	$	74		$	100
Buildings and building improvements		169			174
Machinery and equipment		445			403
Construction in progress		20			47
		708			724
Accumulated depreciation		(314	)		(223	)
Property, plant and equipment, net	$	394		$	501

Equipment Subject to Operating Leases [Table Text Block]

	As of December 31,
(in millions)	2015			2014
Equipment subject to operating leases, net	$	25		$	23
Accumulated depreciation		(12	)		(10	)
Equipment subject to operating leases, net	$	13		$	13

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Note 5 - Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2015

Table [Text Block]

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

Schedule of Finite-Lived Intangible Assets [Table Text Block]

	As of December 31, 2015
	Gross Carrying		Accumulated				Weighted-Average
(in millions)	Amount		Amortization		Net		Amortization Period
Technology-based	$	83	$	38	$	45	3 years
Kodak trade name		46		—		46	Indefinite life
Customer-related		37		11		26	7 years
Other		2		—		2	21 years
Total	$	168	$	49	$	119

	As of December 31, 2014
	Gross Carrying		Accumulated				Weighted-Average
(in millions)	Amount		Amortization		Net		Amortization Period
Technology-based	$	83	$	21	$	62	4 years
Kodak trade name		46		—		46	Indefinite life
Customer-related		36		6		30	8 years
Other		2		—		2	22 years
Total	$	167	$	27	$	140

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

(in millions)
2016	$	21
2017		19
2018		14
2019		7
2020		5
2021 and thereafter		7
Total	$	73

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Note 6 - Other Current Liabilities (Tables)

12 Months Ended

Dec. 31, 2015

Disclosure Text Block Supplement [Abstract]

Other Current Liabilities [Table Text Block]

	As of December 31,
(in millions)	2015		2014
Accrued employment-related liabilities	$	78	$	125
Accrued customer rebates		31		34
Deferred revenue		34		39
Accrued restructuring liabilities		11		27
Deferred consideration on disposed businesses		—		11
Other		93		113
Total	$	247	$	349

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Note 7 - Other Long-term Liabilities (Tables)

12 Months Ended

Dec. 31, 2015

Disclosure Text Block Supplement [Abstract]

Other Long-term Liabilities [Table Text Block]

	As of December 31,
(in millions)	2015		2014
Workers compensation	$	113	$	123
Environmental liabilities		13		19
Asset retirement obligations		47		53
Other		104		127
Total	$	277	$	322

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Note 8 - Short-Term Borrowings and Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Schedule of Long-Term Debt Instruments [Table Text Block]

					As of December 31,
(in millions)					2015		2014
	Type	Maturity	Weighted-Average Effective Interest Rate		Carrying Value		Carrying Value
Current portion:
	Term note	2016		7.56%	$	4	$	4
	Credit line	2015		2.42%		—		1
						4		5
Non-current portion:
	Term note	2019		7.56%		400		403
	Term note	2020		11.04%		270		269
	Other	Various	6.07%			3		—
						673		672
					$	677	$	677

Schedule of Maturities of Long-Term Debt [Table Text Block]

(in millions)	Carrying Value		Maturity Value
2016	$	4	$	4
2017		4		4
2018		4		4
2019		392		397
2020		271		276
2021 and thereafter		2		2
Total	$	677	$	687

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Note 9 - Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2015

Commitments And Contingencies Disclosure [Abstract]

Schedule of Environmental Loss Contingencies by Site [Table Text Block]

	As of December 31,
(in millions)	2015		2014
Other current operating sites	$	7	$	7
Sites associated with former operations		—		10
Sites associated with the non-imaging health businesses sold in 1994		6		11
Total	$	13	$	28

Cash Expenditures for Pollution Prevention and Waste Treatment [Table Text Block]

	Successor						Predecessor
(in millions)	For the Year Ended December 31, 2015		For the Year Ended December 31, 2014		For the Four Months Ended December 31, 2013		For the Eight Months Ended August 31, 2013
Recurring costs for pollution prevention and waste treatment	$	13	$	13	$	5	$	16
Capital expenditures for pollution prevention and waste treatment		2		2		2		—
Total	$	15	$	15	$	7	$	16

Schedule of Asset Retirement Obligations [Table Text Block]

	For the Year Ended December 31,
(in millions)	2015			2014
Asset Retirement Obligations at start of period	$	53		$	52
Liabilities incurred in the current period		1			3
Liabilities settled in the current period		(3	)		(1	)
Accretion expense		2			2
Revision in estimated cash flows		(6	)		(2	)
Foreign exchange impact		—			(1	)
Asset Retirement Obligations at end of period	$	47		$	53

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Note 10 - Guarantees (Tables)

12 Months Ended

Dec. 31, 2015

Guarantees [Abstract]

Schedule of Product Warranty Liability [Table Text Block]

Accrued warranty obligations as of December 31, 2013	$	12
Actual warranty experience		(14	)
Warranty provisions		6
Accrued warranty obligations as of December 31, 2014		4
Actual warranty experience		(6	)
Warranty provisions		5
Accrued warranty obligations as of December 31, 2015	$	3

Deferred Revenue, by Arrangement, Disclosure [Table Text Block]

Deferred revenue on extended warranties as of December 31, 2013	$	30
New extended warranty and maintenance arrangements		188
Recognition of extended warranty and maintenance arrangement    revenue		(191	)
Deferred revenue on extended warranties as of December 31, 2014		27
New extended warranty and maintenance arrangements		176
Recognition of extended warranty and maintenance arrangement    revenue		(177	)
Deferred revenue on extended warranties as of December 31, 2015	$	26

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Note 11 - Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2015

Table [Text Block]

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

	Successor							Predecessor
(in millions)	For the Year Ended December 31, 2015		For the Year Ended December 31, 2014		For the Four Months Ended December 31, 2013			For the Eight Months Ended August 31, 2013
Net gain (loss) from derivatives not designated as hedging    instruments	$	14	$	10	$	(14	)	$	2

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Note 12 - Other Operating Expense (Income), Net (Tables)

12 Months Ended

Dec. 31, 2015

Table [Text Block]

Schedule of Other Operating Cost and Expense, by Component [Table Text Block]

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Expense (income) :
Gain on sale of digital imaging patent portfolio (1)	$	—		$	—		$	—		$	(535	)
Goodwill and intangible asset impairments (2) (3) (4) (5) (6)		8			9			8			77
Gains related to the sales of assets and businesses		(6	)		(3	)		(6	)		(34	)
Gain recognized on assets acquired for no monetary    consideration (7)		(3	)		—			—			—
Other		3			3			—			(3	)
Total	$	2		$	9		$	2		$	(495	)

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Note 13 - Other (Charges) Income, Net (Tables)

12 Months Ended

Dec. 31, 2015

Table [Text Block]

Schedule of Other Nonoperating Income, by Component [Table Text Block]

NOTE 13:  OTHER (CHARGES) INCOME, NET

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Income (charges):
Interest income	$	1		$	6		$	3		$	3
Loss on foreign exchange transactions (1)		(17	)		(22	)		(5	)		(7	)
Other		(5	)		(5	)		12			(9	)
Total	$	(21	)	$	(21	)	$	10		$	(13	)

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Note 14 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
(Loss) earnings from continuing operations before income    taxes:
U.S.	$	(136	)	$	(151	)	$	(98	)	$	2,281
Outside the U.S.		138			102			43			125
Total	$	2		$	(49	)	$	(55	)	$	2,406
U.S. income taxes:
Current provision (benefit)	$	1		$	(2	)	$	3		$	—
Deferred provision (benefit)		9			4			3			(3	)
Income taxes outside the U.S.:
Current provision (benefit)		20			(1	)		8			53
Deferred  provision (benefit)		—			7			(8	)		105
State and other income taxes:
Current provision		—			1			2			1
Deferred provision		—			1			—			—
Total provision	$	30		$	10		$	8		$	156

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Amount computed using the statutory rate	$	1		$	(17	)	$	(18	)	$	842
Increase (reduction) in taxes resulting from:
State and other income taxes, net of federal		—			1			2			—
Unremitted foreign earnings		26			4			36			32
Impact of goodwill and intangible impairments		—			—			(3	)		(22	)
Operations outside the U.S.		25			95			72			(20	)
Legislative rate changes		—			—			—			1
Valuation allowance		(83	)		(127	)		(106	)		25
Tax settlements and adjustments, including interest		2			(5	)		1			5
Discharge of debt and other reorganization related items		60			57			24			(722	)
Other, net		(1	)		2			—			15
Provision for income taxes	$	30		$	10		$	8		$	156

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	As of December 31,
(in millions)	2015		2014
Deferred tax assets
Pension and postretirement obligations	$	187	$	221
Restructuring programs		3		5
Foreign tax credit		314		258
Inventories		14		20
Investment tax credit		80		100
Employee deferred compensation		46		43
Depreciation		62		45
Research and development costs		188		232
Tax loss carryforwards		380		355
Other deferred revenue		13		13
Other		112		111
Total deferred tax assets	$	1,399	$	1,403
Deferred tax liabilities
Leasing	$	1	$	7
Goodwill/Intangibles		49		51
Unremitted foreign earnings		121		176
Total deferred tax liabilities		171		234
Net deferred tax assets before valuation allowance		1,228		1,169
Valuation allowance		1,201		1,127
Net deferred tax assets	$	27	$	42

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	As of December 31,
(in millions)	2015			2014
Deferred income taxes (current)	$	22		$	31
Deferred income taxes (non-current)		23			38
Other current liabilities		—			(1	)
Other long-term liabilities		(18	)		(26	)
Net deferred tax assets	$	27		$	42

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Balance as of January 1	$	92		$	106		$	107		$	57
Tax positions related to the current year:
Additions		1			2			—			68
Tax Positions related to prior years:
Additions		—			1			2			1
Reductions		(7	)		(14	)		(3	)		(17	)
Settlements with taxing jurisdictions		—			(1	)		—			(2	)
Lapses in Statute of limitations		(1	)		(2	)		—			—
Balance as of December 31	$	85		$	92		$	106		$	107

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Note 15 - Restructuring Costs and Other (Tables)

12 Months Ended

Dec. 31, 2015

Restructuring And Related Activities [Abstract]

Restructuring and Related Costs [Table Text Block]

(in millions)	Severance Reserve (5)			Exit Costs Reserve (5)			Long-lived Asset Impairments and Inventory Write-downs (5)			Accelerated Depreciation (5)			Total
Balance as of December 31, 2012 (Predecessor):	$	38		$	45		$	—		$	—		$	83
Eight months charges - continuing operations		38			3			4			4			49
Eight months charges - discontinued operations		3			—			—			—			3
Eight months utilization/cash payments		(48	)		(32	)		(4	)		(4	)		(88	)
Eight months other adjustments & reclasses (1)		(3	)		(9	)		—			—			(12	)
Balance as of August 31, 2013 (Predecessor):	$	28		$	7		$	—		$	—		$	35
Four months charges	$	13		$	3		$	1		$	—		$	17
Four months utilization/cash payments		(15	)		(3	)		(1	)		—			(19	)
Four months other adjustments & reclasses (2)		—			1			—			—			1
Balance as of December 31, 2013 (Successor):		26			8			—			—			34
2014 charges - continuing operations		51			2			3			2			58
2014 charges - discontinued operations		3			—			—			—			3
2014 utilization/cash payments		(47	)		(5	)		(3	)		(2	)		(57	)
2014 other adjustments & reclasses (3)		(11	)		—			—			—			(11	)
Balance as of December 31, 2014 (Successor):		22			5			—			—			27
2015 charges - continuing operations		32			4			1			8			45
2014 charges - discontinued operations		1			—			—			—			1
2015 utilization/cash payments		(36	)		(5	)		(1	)		(8	)		(50	)
2015 other adjustments & reclasses (4)		(12	)		—			—			—			(12	)
Balance as of December 31, 2015 (Successor):	$	7		$	4		$	—		$	—		$	11

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Note 16 - Retirement Plans (Tables)

12 Months Ended

Dec. 31, 2015

Compensation And Retirement Disclosure [Abstract]

Schedule of Changes in Projected Benefit Obligations [Table Text Block]

The measurement date used to determine the pension obligation for all funded and unfunded U.S. and Non-U.S. defined benefit plans is December 31.

(in millions)	Year Ended December 31, 2015						Year Ended December 31, 2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Change in Benefit Obligation
Projected benefit obligation at beginning of period	$	4,438		$	918		$	4,361		$	960
Transfers		—			—			—			(31	)
Service cost		17			3			18			4
Interest cost		148			17			176			30
Plan amendments		—			—			(61	)		—
Benefit payments		(478	)		(51	)		(339	)		(61	)
Actuarial (gain) loss		(35	)		(24	)		567			119
Settlements		—			—			(292	)		—
Special termination benefits		9			—			8			—
Currency adjustments		—			(63	)		—			(103	)
Projected benefit obligation at end of period	$	4,099		$	800		$	4,438		$	918
Change in Plan Assets
Fair value of plan assets at beginning of period	$	4,160		$	795		$	4,184		$	833
Transfers		—			—			—			(9	)
Gain on plan assets		111			31			607			111
Employer contributions		—			4			—			7
Settlements		—			—			(292	)		—
Benefit payments		(478	)		(51	)		(339	)		(61	)
Currency adjustments		—			(51	)		—			(86	)
Fair value of plan assets at end of period	$	3,793		$	728		$	4,160		$	795
Under Funded Status at end of period	$	(306	)	$	(72	)	$	(278	)	$	(123	)
Accumulated benefit obligation at end of period	$	4,098		$	792		$	4,436		$	907

Schedule Of Amounts From Pension Plan Recognized in Balance Sheet [Table Text Block]

Amounts recognized in the Consolidated Statement of Financial Position for all major funded and unfunded U.S. and Non-U.S. defined benefit plans are as follows:

	As of December 31,
(in millions)	2015						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Other long-term assets	$	—		$	39		$	—		$	29
Pension and other postretirement liabilities		(306	)		(111	)		(278	)		(152	)
Net amount recognized	$	(306	)	$	(72	)	$	(278	)	$	(123	)

Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]

Information with respect to the major funded and unfunded U.S. and Non-U.S. defined benefit plans with an accumulated benefit obligation in excess of plan assets is as follows:

	As of December 31,
(in millions)	2015				2014
	U.S.		Non-U.S.		U.S.		Non-U.S.
Projected benefit obligation	$	4,099	$	524	$	4,438	$	623
Accumulated benefit obligation		4,098		516		4,436		613
Fair value of plan assets		3,793		412		4,160		471

Schedule of Pension Plan Amounts Recognized In Accumulated Other Income Loss [Table Text Block]

Amounts recognized in accumulated other comprehensive (loss) income for all major funded and unfunded U.S. and Non-U.S. defined benefit plans consist of:

	As of December 31,
(in millions)	2015						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Prior service credit	$	50		$	4		$	58		$	4
Net actuarial loss		(285	)		(6	)		(159	)		(32	)
Total	$	(235	)	$	(2	)	$	(101	)	$	(28	)

Schedule Of Amounts From Pension Plans Recognized In Other Comprehensive Income [Table Text Block]

Other changes in plan assets and benefit obligations recognized in Other comprehensive income (expense) are as follows:

	Successor																Predecessor
	Year Ended December 31, 2015					Year Ended December 31, 2014						Four Months Ended December 31, 2013					Eight Months Ended August 31, 2013
(in millions)	U.S.			Non-U.S.		U.S.			Non-U.S.			U.S.			Non-U.S.		U.S.		Non-U.S.
Newly established (loss) gain	$	(126	)	$	25	$	(255	)	$	(46	)	$	97		$	8	$	80	$	78
Newly established prior service credit		—			—		61			—			—			6		—		—
Amortization of:
Prior service (credit) cost		(8	)		—		(3	)		—			—			—		1		—
Net actuarial loss		—			2		—			—			—			—		120		55
Prior service cost recognized due to curtailment		—			—		—			—			—			—		1		1
Net curtailment gain not recognized in expense		—			—		—			—			—			—		20		7
Net loss (gain) recognized in expense due to    settlements		—			—		10			—			(11	)		—		—		1,542
Transfers		—			—		—			1			—			—		—		—
Total Income (loss) recognized in Other    comprehensive income before fresh start    accounting	$	(134	)	$	27	$	(187	)	$	(45	)	$	86		$	14	$	222	$	1,683
Effect of application of fresh start accounting																	$	1,955	$	418

Schedule Of Changes In Projected Benefit Obligations Fair Value Of Plan Assets And Funded Status Of Plan [Table Text Block]

Pension (income) expense for all defined benefit plans included:

	Successor																		Predecessor
(in millions)	Year Ended						Year Ended						Four Months Ended						Eight Months Ended
	December 31, 2015						December 31, 2014						December 31, 2013						August 31, 2013
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
Major defined benefit plans:
Service cost	$	17		$	3		$	18		$	4		$	7		$	2		$	19		$	6
Interest cost		148			17			176			30			67			10			120			95
Expected return on plan assets		(272	)		(30	)		(295	)		(38	)		(122	)		(14	)		(236	)		(105	)
Amortization of:
Prior service credit		(8	)		—			(3	)		—			—			—			1			—
Actuarial loss		—			2			—			—			—			—			120			55
Pension (income) expense before special    termination benefits, curtailments and    settlements		(115	)		(8	)		(104	)		(4	)		(48	)		(2	)		24			51
Special termination benefits		9			—			8			—			—			—			—			—
Curtailment (gains) losses		—			—			—			—			—			(1	)		1			1
Settlement (gains) losses		—			—			10			—			(11	)		—			—			114
Net pension (income) expense for    major defined benefit plans		(106	)		(8	)		(86	)		(4	)		(59	)		(3	)		25			166
Other plans including unfunded plans		—			4			—			8			—			—			4			19
Net pension (income) expense	$	(106	)	$	(4	)	$	(86	)	$	4		$	(59	)	$	(3	)	$	29		$	185

Schedule Of Assumptions Used To Calculate Pension Plan Net Benefit Obligation [Table Text Block]

The weighted-average assumptions used to determine the benefit obligation amounts for all major funded and unfunded U.S. and Non-U.S. defined benefit plans were as follows:

	Successor																		Predecessor
	December 31, 2015						December 31, 2014						December 31, 2013						August 31, 2013
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
Discount rate		3.89	%		2.50	%		3.50	%		2.09	%		4.50	%		3.40	%		4.25	%		3.33	%
Salary increase rate		3.37	%		1.91	%		3.34	%		1.95	%		3.37	%		2.74	%		3.39	%		2.77	%

Schedule of Assumptions Used to Calculate Pension Plan Net Benefit Costs [Table Text Block]

The weighted-average assumptions used to determine net pension (income) expense for all the major funded and unfunded U.S. and Non-U.S. defined benefit plans were as follows:

	Successor																		Predecessor
	Year Ended						Year Ended						Four Months Ended						Eight Months Ended
	December 31, 2015						December 31, 2014						December 31, 2013						August 31, 2013
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
Discount rate		3.50	%		2.09	%		4.19	%		3.34	%		4.25	%		3.33	%		3.52	%		3.63	%
Salary increase rate		3.34	%		1.95	%		3.37	%		2.62	%		3.39	%		2.77	%		3.40	%		2.79	%
Expected long-term rate of return on    plan assets		7.40	%		4.69	%		7.63	%		4.93	%		8.20	%		5.54	%		8.12	%		6.66	%

Schedule of Allocation of Plan Assets [Table Text Block]

The Company's weighted-average asset allocations for its major U.S. defined benefit pension plans by asset category, are as follows:

	As of December 31,
	2015			2014			2015 Target
Asset Category
Equity securities		15	%		15	%	12-18%
Debt securities		35	%		35	%	32-38%
Real estate		3	%		3	%	2-8%
Cash and cash equivalents		1	%		3	%	0-6%
Global balanced asset allocation funds		13	%		14	%	10-20%
Other		33	%		30	%	25-35%
Total		100	%		100	%

The Company's weighted-average asset allocations for its major Non-U.S. defined benefit pension plans by asset category, are as follows:

	As of December 31,
	2015			2014			2015 Target
Asset Category
Equity securities		3	%		6	%	0-10%
Debt securities		35	%		27	%	28-38%
Real estate		0	%		1	%	0-5%
Cash and cash equivalents		3	%		4	%	0-10%
Global balanced asset allocation funds		6	%		11	%	0-10%
Other		53	%		51	%	50-60%
Total		100	%		100	%

Schedule of Fair Value of Plan Assets By Measurement Inputs Disclosure [Table Text Block]

Major U.S. Plans

December 31, 2015

	U.S.
(in millions)	Quoted Prices in Active Markets for IdenticalAssets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	2	$	—	$	—	$	32	$	34
Equity Securities		—		—		—		571		571
Debt Securities:
Government Bonds		—		—		—		924		924
Investment Grade Bonds		—		382		—		—		382
Real Estate		—		—		34		96		130
Global Balanced Asset Allocation Funds		—		—		—		492		492
Other:
Absolute Return		—		—		—		487		487
Private Equity		—		—		24		744		768
Derivatives with unrealized gains		5		—		—		—		5
	$	7	$	382	$	58	$	3,346	$	3,793

Major U.S. Plans

December 31, 2014

	U.S.
(in millions)	Quoted Prices in Active Markets for IdenticalAssets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	1	$	—	$	—	$	114	$	115
Equity Securities		—		—		—		632		632
Debt Securities:
Government Bonds		—		—		—		989		989
Investment Grade Bonds		—		442		—		—		442
Real Estate		—		—		41		98		139
Global Balanced Asset Allocation Funds		—		—		—		587		587
Other:
Absolute Return		—		—		—		426		426
Private Equity		—		—		28		752		780
Derivatives with unrealized gains		50		—		—		—		50
	$	51	$	442	$	69	$	3,598	$	4,160

Major Non-U.S. Plans

December 31, 2015

	Non - U.S.
(in millions)	Quoted Prices in Active Markets for IdenticalAssets (Level 1)			Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	5		$	—	$	—	$	16	$	21
Equity Securities		—			6		—		16		22
Debt Securities:
Government Bonds		—			39		—		117		156
Inflation-Linked Bonds		—			—		—		3		3
Investment Grade Bonds		—			45		—		45		90
Global High Yield & Emerging Market Debt		—			—		—		3		3
Real Estate		—			2		—		—		2
Global Balanced Asset Allocation Funds		—			—		—		47		47
Other:
Absolute Return		—			4		—		8		12
Private Equity		—			—		—		61		61
Insurance Contracts		—			311		—		—		311
Derivatives with unrealized gains		2			—		—		—		2
Derivatives with unrealized losses		(2	)		—		—		—		(2	)
	$	5		$	407	$	—	$	316	$	728

Major Non-U.S. Plans

December 31, 2014

	Non - U.S.
(in millions)	Quoted Prices in Active Markets for IdenticalAssets (Level 1)			Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	4		$	—	$	—	$	32	$	36
Equity Securities		—			8		—		38		46
Debt Securities:
Government Bonds		—			39		—		114		153
Inflation-Linked Bonds		—			—		—		9		9
Investment Grade Bonds		—			37		—		—		37
Global High Yield & Emerging Market Debt		—			—		—		11		11
Real Estate		—			2		—		—		2
Global Balanced Asset Allocation Funds		—			1		—		90		91
Other:
Absolute Return		—			4		—		7		11
Private Equity		—			—		—		56		56
Insurance Contracts		—			340		—		—		340
Derivatives with unrealized gains		5			—		—		—		5
Derivatives with unrealized losses		(2	)		—		—		—		(2	)
	$	7		$	431	$	—	$	357	$	795

Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]

The following is a reconciliation of the beginning and ending balances of level 3 assets of Kodak’s major U.S. defined benefit pension plans:

(in millions)

	U.S.
	Balance at January1,2015		NetRealizedand Unrealized Gains/(Losses)		Net Purchases and Sales			Net Transfer Into/(Out of) Level 3		Balance at December31,2015
Real Estate	$	41	$	6	$	(13	)	$	—	$	34
Private Equity		28		1		(5	)		—		24
Total	$	69	$	7	$	(18	)	$	—	$	58

	U.S.
	Balance at January1,2014		NetRealizedand Unrealized Gains/(Losses)			Net Purchases and Sales			Net Transfer Into/(Out of) Level 3		Balance at December31,2014
Real Estate	$	47	$	—		$	(6	)	$	—	$	41
Private Equity		54		(12	)		(14	)		—		28
Total	$	101	$	(12	)	$	(20	)	$	—	$	69

Schedule Of Expected Pension Plan Payments [Table Text Block]

The following pension benefit payments, which reflect expected future service, are expected to be paid:

(in millions)	U.S.		Non-U.S.
2016	$	357	$	47
2017		341		47
2018		331		46
2019		321		46
2020		311		45
2021-2025		1,401		214

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Note 17 - Other Postretirement Benefits (Tables)

12 Months Ended

Dec. 31, 2015

Other Postretirement Benefits [Line Items]

Schedule of Changes in Projected Benefit Obligations [Table Text Block]

The measurement date used to determine the pension obligation for all funded and unfunded U.S. and Non-U.S. defined benefit plans is December 31.

(in millions)	Year Ended December 31, 2015						Year Ended December 31, 2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Change in Benefit Obligation
Projected benefit obligation at beginning of period	$	4,438		$	918		$	4,361		$	960
Transfers		—			—			—			(31	)
Service cost		17			3			18			4
Interest cost		148			17			176			30
Plan amendments		—			—			(61	)		—
Benefit payments		(478	)		(51	)		(339	)		(61	)
Actuarial (gain) loss		(35	)		(24	)		567			119
Settlements		—			—			(292	)		—
Special termination benefits		9			—			8			—
Currency adjustments		—			(63	)		—			(103	)
Projected benefit obligation at end of period	$	4,099		$	800		$	4,438		$	918
Change in Plan Assets
Fair value of plan assets at beginning of period	$	4,160		$	795		$	4,184		$	833
Transfers		—			—			—			(9	)
Gain on plan assets		111			31			607			111
Employer contributions		—			4			—			7
Settlements		—			—			(292	)		—
Benefit payments		(478	)		(51	)		(339	)		(61	)
Currency adjustments		—			(51	)		—			(86	)
Fair value of plan assets at end of period	$	3,793		$	728		$	4,160		$	795
Under Funded Status at end of period	$	(306	)	$	(72	)	$	(278	)	$	(123	)
Accumulated benefit obligation at end of period	$	4,098		$	792		$	4,436		$	907

Schedule of Amounts from Other Post-retirement Plan Recognized in Balance Sheet [Table Text Block]

	As of December 31,
(in millions)	2015			2014
Other current liabilities	$	(5	)	$	(8	)
Pension and other postretirement liabilities		(73	)		(78	)
	$	(78	)	$	(86	)

Schedule of Amounts Recognized in Accumulated Other Comprehensive Income (Loss) [Table Text Block]

	As of December 31,
(in millions)	2015			2014
Net actuarial gain	$	(8	)	$	—
Total recorded in Accumulated other comprehensive income	$	(8	)	$	—

Schedule of Other Post-retirement Plan Recognized in Other Comprehensive Income (Loss) [Table Text Block]

	Year Ended December 31,
(in millions)	2015			2014
Newly established loss	$	(8	)	$	(2	)
Total loss recognized in Other comprehensive (loss) income	$	(8	)	$	(2	)

Schedule of Other Post-retirement Plan, Net Benefit Costs [Table Text Block]

	Successor						Predecessor
(in millions)	Year Ended December31, 2015		Year Ended December31, 2014		Four Months Ended December31, 2013		Eight Months Ended August31, 2013
Components of net postretirement benefit cost:
Service cost	$	—	$	—	$	—	$	—
Interest cost		3		4		1		3
Amortization of:
Prior service credit		—		—		—		(75	)
Actuarial loss		—		—		—		3
Other postretirement benefit cost (income) from continuing    operations	$	3	$	4	$	1	$	(69	)

Schedule of Assumptions Used to Calculate Other Post-retirement Plan, Net Benefit Obligation [Table Text Block]

	Year Ended December 31,
	2015			2014
Discount rate		3.60	%		3.49	%
Salary increase rate		1.80	%		2.60	%

Schedule of Assumptions Used to Calculate Other Post-retirement Plan Net Benefit Costs [Table Text Block]

	Successor									Predecessor
	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Discount rate		3.49	%		4.28	%		4.09	%		3.23	%
Salary increase rate		2.60	%		2.50	%		2.50	%		2.50	%

Other Post-retirement Benefits, Schedule of Health Care Cost Trend Rates [Table Text Block]

	2015			2014
Healthcare cost trend		5.81	%		6.47	%
Rate to which the cost trend rate is assumed to decline    (the ultimate trend rate)		4.21	%		4.65	%
Year that the rate reaches the ultimate trend rate		2022			2021

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]

(in millions)	1% increase		1% decrease
Effect on total service and interest cost	$	—	$	—
Effect on postretirement benefit obligation		4		(4	)

Schedule of Expected Other Post-retirement Benefit Payments [Table Text Block]

(in millions)
2016	$	5
2017		5
2018		5
2019		4
2020		4
2021-2025		19

Other Postretirement Benefit Plan [Member]

Other Postretirement Benefits [Line Items]

Schedule of Changes in Projected Benefit Obligations [Table Text Block]

	Year Ended December 31,
(in millions)	2015			2014
Net benefit obligation at beginning of period	$	86		$	95
Interest cost		3			4
Plan participants’ contributions		7			9
Actuarial (gain) loss		(8	)		2
Benefit payments		(12	)		(18	)
Currency adjustments		2			(6	)
Net benefit obligation at end of period	$	78		$	86
Underfunded status at end of period	$	(78	)	$	(86	)

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Note 18 - Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Line Items]

Schedule of Weighted Average Number of Shares [Table Text Block]

	Year Ended		Year Ended		Four Months Ended
(in millions of shares)	December 31, 2015		December 31, 2014		December 31, 2013
Unvested share-based awards		0.2		0.1		0.2
Warrants to purchase common shares		0.3		1.5		1.7
Total		0.5		1.6		1.9

Employee Stock Option [Member]

Earnings Per Share [Line Items]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

	Predecessor
	Eight Months Ended
(in millions of shares)	August 31, 2013
Employee stock options		7.0
Detachable warrants to purchase common shares		40.0
Total		47.0

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Note 19 - Stock-based Compensation (Tables)

12 Months Ended

Dec. 31, 2015

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]

	Number of Restricted Stock Units			Weighted-Average Grant Date Fair Values
Outstanding on December 31, 2014		685,430		$	22.15
Granted		387,187		$	14.86
Vested		(237,957	)	$	21.73
Forfeited		(60,115	)	$	15.74
Outstanding on December 31, 2015		774,545		$	19.13

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

	Shares Under Option			WeightedAverage Exercise Price Per Share		WeightedAverage Remaining Contractual  Life (Years)
Outstanding on December 31, 2014		781,321		$	22.56
Granted		783,476		$	15.31
Forfeited		(44,002	)	$	20.25
Outstanding on December 31, 2015		1,520,795		$	18.89		6.17
Exercisable on December 31, 2015		273,205		$	22.61		5.73
Expected to vest December 31, 2015		1,247,590		$	18.08		6.27

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

	For the Years Ended December 31,
	2015		2014
Weighted-average fair value of options granted	$	5.94	$	7.74
Weighted-average risk-free interest rate	1.46%		1.46%
Range of risk-free interest rates	1.26% - 1.60%		1.39% - 1.51%
Weighted-average expected option lives	4.5 years		4.5 years
Expected option lives	4.5 years		4.5 years
Weighted-average volatility	46%		39%
Range of expected volatilities	40% - 49%		36% - 42%
Weighted-average expected dividend yield	0.0%		0.0%

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Note 21 - Other Comprehensive (Loss) Income (Tables)

12 Months Ended

Dec. 31, 2015

Changes In Other Comprehensive Loss Income By Component [Abstract]

Comprehensive Income (Loss) [Table Text Block]

(in millions)		Successor									Predecessor
		Year Ended December31, 2015			Year Ended December31, 2014			Four Months Ended December31, 2013			Eight Months Ended August31, 2013
Currency translation adjustments		$	(35	)	$	(33	)	$	1		$	4
Reclassification adjustment for losses included in Other    charges (net), before tax			2			—			—			—
Reclassification adjustment for losses included in Other    charges (net), net of tax			2			—			—			—
Pension and other postretirement benefit plan    changes
Newly established prior service credit			4			61			6			—
Newly established net actuarial (loss) gain			(88	)		(278	)		95			393
Tax (benefit) provision			(5	)		7			(3	)		(14	)
Newly established prior service credit and net    actuarial (loss) gain, net of tax			(89	)		(210	)		98			379
Reclassification adjustments:
Amortization of prior service credit	(a)		(8	)		(3	)		—			(75	)
Amortization of actuarial (gains) losses	(a)		(2	)		1			—			185
Recognition of losses due to settlements and    curtailments	(a)		1			10			—			1,563
Total reclassification adjustments			(9	)		8			—			1,673
Tax (provision)			—			—			—			(448	)
Reclassification adjustments, net of tax			(9	)		8			—			1,225
Pension and other postretirement benefit plan changes,    net of tax			(98	)		(202	)		98			1,604
Other comprehensive (loss) income		$	(131	)	$	(235	)	$	99		$	1,608

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Note 22 - Accumulated Other Comprehensive (Loss) Income (Tables)

12 Months Ended

Dec. 31, 2015

Table [Text Block]

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

Accumulated other comprehensive (loss) income is composed of the following:

	As of December 31,
(in millions)	2015			2014
Currency translation adjustments	$	(67	)	$	(32	)
Available for sale securities		2		$	—
Pension and other postretirement benefit plan changes		(202	)		(104	)
Ending balance	$	(267	)	$	(136	)

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Note 23 - Segment Information (Tables)

12 Months Ended

Dec. 31, 2015

Table [Text Block]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Successor						Predecessor
	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
(in millions)
Print Systems	$	1,106	$	1,257	$	485	$	844
Micro 3D Printing and Packaging		128		130		42		75
Software and Solutions		112		108		39		82
Consumer and Film		265		352		147		371
Enterprise Inkjet Systems		84		115		53		95
Intellectual Property Solutions		1		70		9		1
Eastman Business Park		13		14		4		4
All Other		—		—		3		36
Consolidated total	$	1,709	$	2,046	$	782	$	1,508

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Print Systems	$	99		$	94		$	38		$	33
Micro 3D Printing and Packaging (6)		11			—			—			(3	)
Software & Solutions		9			3			(1	)		(11	)
Consumer & Film		52			66			34			127
Enterprise Inkjet Systems		20			35			14			29
Intellectual Property Solutions		(22	)		40			(2	)		(19	)
Eastman Business Park		2			1			4			1
Total of reportable segments		171			239			87			157
All Other		4			4			4			5
Depreciation and amortization		(134	)		(191	)		(73	)		(93	)
Corporate components of pension and OPEB income (1)		133			110			67			43
Restructuring costs and other		(37	)		(56	)		(17	)		(45	)
Overhead supporting, but not directly absorbed by discontinued    operations (2)		(21	)		(30	)		(16	)		(52	)
Stock-based compensation		(17	)		(8	)		(1	)		(3	)
Change in U.S. vacation benefits (3)		16			—			—			—
Consulting and other costs (4)		(14	)		(7	)		(2	)		(1	)
Idle costs (5)		(3	)		(4	)		—			1
Manufacturing costs originally planned to be absorbed by    silver halide touch screen production (6)		(2	)		(1	)		—			—
Fresh start adjustments		—			—			(74	)		—
Other operating (expense) income, net excluding gain    related to Unipixel termination (7)		(5	)		(9	)		(2	)		495
Loss on early extinguishment of debt, net (8)		—			—			—			(8	)
Interest expense (8)		(63	)		(62	)		(22	)		(106	)
Other charges, net (8)		(21	)		(21	)		10			(13	)
Reorganization items, net (8)		(5	)		(13	)		(16	)		2,026
Consolidated earnings (loss) from continuing operations    before income taxes	$	2		$	(49	)	$	(55	)	$	2,406

	Successor						Predecessor
(in millions) Intangible asset amortization expense from continuing operations:	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
Print Systems	$	9	$	9	$	3	$	6
Enterprise Inkjet Systems		—		—		—		—
Micro 3D Packaging & Printing		9		9		3		1
Software & Solutions		2		2		1		1
Consumer & Film		1		1		—		—
Consolidated total	$	21	$	21	$	7	$	8

	Successor						Predecessor
(in millions) Depreciation expense from continuing operations:	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
Print Systems	$	39	$	51	$	19	$	34
Enterprise Inkjet Systems		5		8		4		6
Micro 3D Packaging & Printing		6		8		3		4
Software & Solutions		1		2		1		2
Consumer & Film		30		65		23		23
Intellectual Property Solutions		2		8		4		2
Eastman Business Park		6		11		7		7
Sub-total		89		153		61		78
Other		16		15		5		3
Restructuring-related depreciation		8		2		—		4
Consolidated total	$	113	$	170	$	66	$	85

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]

	Successor						Predecessor
(in millions) Net sales to external customers attributed to (1):	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
The United States	$	588	$	728	$	237	$	509
Europe, Middle East and Africa		569		698		270		528
Asia Pacific		376		433		200		322
Canada and Latin America		176		187		75		149
Non U.S. countries total		1,121		1,318		545		999
Consolidated total	$	1,709	$	2,046	$	782	$	1,508

(in millions)	As of December 31,
Property, plant and equipment, net located in:	2015		2014		2013
The United States	$	199	$	253	$	378
Europe, Middle East and Africa		43		66		91
Asia Pacific		74		72		83
Canada and Latin America		78		110		132
Non U.S. countries total (1)		195		248		306
Consolidated total	$	394	$	501	$	684

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Note 25 - Fresh Start Accounting (Tables)

12 Months Ended

Dec. 31, 2015

Fresh Start Accounting [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	$	141	$	160
Work in process		61		70
Raw materials		61		62
Total	$	263	$	292

Property, Plant and Equipment [Table Text Block]

	As of December 31,
(in millions)	2015			2014
Land	$	74		$	100
Buildings and building improvements		169			174
Machinery and equipment		445			403
Construction in progress		20			47
		708			724
Accumulated depreciation		(314	)		(223	)
Property, plant and equipment, net	$	394		$	501

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]

Fresh Start Accounting [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]

	Successor
(in millions)	Asof 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]

Fresh Start Accounting [Line Items]

Schedule of Inventory, Current [Table Text Block]

	Successor		Predecessor
(in millions)	As ofSeptember 1, 2013		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]

	Successor		Predecessor
(in millions)	AsofSeptember 1, 2013		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

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Note 26 - Reorganization Items, Net (Tables)

12 Months Ended

Dec. 31, 2015

Reorganization Items Net [Abstract]

Reorganization Items, Net [Table Text Block]

A summary of reorganization items, net is presented in the following table:

	Successor								Predecessor
(in millions)	Year Ended December 31, 2015		Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Professional fees	$	1	$	10		$	19		$	114
Provision for expected allowed claims		—		(1	)		—			133
Net gain on reorganization adjustments		—		—			—			(1,957	)
Net gain on fresh start adjustments		—		—			—			(302	)
Other items, net		4		4			(3	)		(14	)
Reorganization items, net	$	5	$	13		$	16		$	(2,026	)
Cash payments for reorganization items	$	9	$	21		$	85		$	210

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Note 27 - Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2015

Table [Text Block]

Disposal Groups, Including Discontinued Operations [Table Text Block]

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Revenues	$	89		$	70		$	30		$	38
Cost of sales		86			74			28			50
Selling, general and administrative expenses		22			26			9			16
Research and development expenses		17			30			12			22
Restructuring costs and other		1			3			—			—
Loss from discontinued operations, before income taxes		(37	)		(63	)		(19	)		(48	)
(Provision) benefit for income taxes		(2	)		—			—			—
Loss from discontinued operations, net of income taxes	$	(39	)	$	(63	)	$	(19	)	$	(48	)

(in millions)	December 31, 2015		December 31, 2014
ASSETS
Cash and cash equivalents	$	1	$	—
Receivables, net		15		12
Inventories, net		51		57
Property, plant and equipment, net		32		23
Intangible assets, net		38		42
Other assets		4		3
Assets of business held for sale	$	141	$	137
LIABILITIES
Accounts payable, trade	$	9	$	7
Current portion of long-term debt		1		—
Other current liabilities		12		23
Long-term debt, net of current portion		2		—
Pension and other postretirement liabilities		4		5
Other long-term liabilities		1		2
Liabilities of business held for sale	$	29	$	37

	Successor						Predecessor
(in millions)	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
Depreciation	$	6	$	4	$	1	$	2
Amortization		4		4		1		2
Capital expenditures		3		1		1		—

Schedule of Disposal Groups Including Discontinued Operations Consolidated Statement of Financial Position [Table Text Block]

	As of December 31,
(in millions)	2015		2014
Inventories, net	$	—	$	2
Property, plant and equipment, net		—		4
Other assets		—		6
Current assets held for sale	$	—	$	12
Trade payables	$	—	$	1
Current liabilities held for sale	$	—	$	1

Schedule of Disposal Groups Including Discontinued Operations Income Statement [Table Text Block]

	Successor									Predecessor
	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
(in millions)
Revenues from Personalized and Document Imaging	$	1		$	61		$	77		$	738
Revenues from other discontinued operations		—			—			1			23
Total revenues from discontinued operations	$	1		$	61		$	78		$	761
Pre-tax (loss) earnings from Personalized and Document Imaging	$	(5	)	$	9		$	5		$	(217	)
Pre-tax loss from other discontinued operations		—			—			1			(14	)
(Provision) benefit for income taxes related to discontinued    operations		(3	)		(5	)		(2	)		96
Earnings (loss) from discontinued operations, net of income taxes	$	(8	)	$	4		$	4		$	(135	)

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Note 28 - Quarterly Sales and Earnings Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2015

Quarterly Sales and Earnings Data Ending 2015 [Member]

Quarterly Sales And Earnings Data [Line Items]

Schedule of Quarterly Financial Information [Table Text Block]

(in millions, except per share data)	4th Qtr.				3rd Qtr.			2nd Qtr.			1st Qtr.
2015
Net revenues from continuing operations	$	439			$	425		$	434		$	411
Gross profit from continuing operations		117				94			84			83
Earnings (loss) from continuing operations		30		(3)		(6	)		(15	)		(37	)
Loss from discontinued operations (4)		(7	)			(15	)		(8	)		(17	)
Net earnings (loss) attributable to Eastman Kodak Company		24				(22	)		(24	)		(58	)
Basic and diluted net earnings (loss) per share attributable to    Eastman Kodak Company
Continuing operations	$	0.74			$	(0.17	)	$	(0.38	)	$	(0.97	)
Discontinued operations		(0.17	)			(0.36	)		(0.19	)		(0.41	)
Total	$	0.57			$	(0.53	)	$	(0.57	)	$	(1.38	)

Quarterly Sales and Earnings Data Ending 2014 [Member]

Quarterly Sales And Earnings Data [Line Items]

Schedule of Quarterly Financial Information [Table Text Block]

(in millions, except per share data)	4th Qtr.				3rd Qtr.				2nd Qtr.			1st Qtr.
2014
Net revenues from continuing operations	$	514			$	550			$	510		$	472
Gross profit from continuing operations		(108	)			158				104			90
(Loss) earnings from continuing operations		(25	)	(2)		47		(1)		(44	)		(35	)
(Loss) earnings from discontinued operations (4)		(14	)			(29	)			(17	)		1
Net (loss) earnings attributable to Eastman Kodak Company		(42	)			17				(62	)		(36	)
Basic net (loss) earnings per share attributable to Eastman Kodak    Company
Continuing operations	$	(0.67	)		$	1.10			$	(1.08	)	$	(0.88	)
Discontinued operations		(0.33	)			(0.69	)			(0.41	)		0.02
Total	$	(1.00	)		$	0.41			$	(1.49	)	$	(0.86	)
Diluted net (loss) earnings per share attributable to Eastman    Kodak Company
Continuing operations	$	(0.67	)		$	1.06			$	(1.08	)	$	(0.88	)
Discontinued operations		(0.33	)			(0.67	)			(0.41	)		0.02
Total	$	(1.00	)		$	0.39			$	(1.49	)	$	(0.86	)

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Schedule II - Valuation and Qualifying Accounts (Tables)

12 Months Ended

Dec. 31, 2015

Valuation And Qualifying Accounts [Abstract]

Summary of Valuation Allowance [Table Text Block]

	Beginning				Net Deductions		Ending
(in millions)	Balance		Additions		and Other		Balance
Year ended December 31, 2015 (Successor)
Reserve for doubtful accounts	$	11		4		5	$	10
Deferred tax valuation allowance	$	1,127		182		108	$	1,201
Year ended December 31, 2014 (Successor)
Reserve for doubtful accounts	$	6		5		—	$	11
Deferred tax valuation allowance	$	953		257		83	$	1,127
Four Months ended December 31, 2013 (Successor)
Reserve for doubtful accounts	$	—		6		—	$	6
Deferred tax valuation allowance	$	1,273		157		477	$	953
In connection with the application of fresh start accounting on September 1, 2013, the carrying value of trade receivables was adjusted to fair value, eliminating the reserve for doubtful accounts.
Eight Months ended August 31, 2013 (Predecessor)
Reserve for doubtful accounts	$	30		—		8	$	22
Deferred tax valuation allowance	$	2,838		180		1,745	$	1,273

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Note 1 - Basis of Presentation and Significant Accounting Policies (Details Textual) $ in Millions		3 Months Ended		4 Months Ended	8 Months Ended	12 Months Ended
	Jan. 01, 2014 USD ($)	Mar. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Aug. 31, 2013 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)
Basis of Presentation and Significant Accounting Policies [Line Items]
Foreign Currency Transaction Gain (Loss), before Tax		$ (2)	$ (16)			$ 2	$ 16
Advertising Expense				$ 5	$ 12	6	10
Deferred Tax Assets, Net of Valuation Allowance, Current			$ 31			$ 22	31
Reduction in Level 3 Assets for the U.S. Plans [Member] | Year Ended December 31, 2014 [Member]
Basis of Presentation and Significant Accounting Policies [Line Items]
Prior Period Reclassification Adjustment							1,837
Reduction in Level 3 Assets for the U.S. Plans [Member] | Year Ended December 31, 2013 [Member]
Basis of Presentation and Significant Accounting Policies [Line Items]
Prior Period Reclassification Adjustment	$ 1,721
Reduction in Level 3 Assets for the Non-U.S. Plans [Member]
Basis of Presentation and Significant Accounting Policies [Line Items]
Prior Period Reclassification Adjustment	$ 106
Reduction in Level 3 Assets for the Non-U.S. Plans [Member] | Year Ended December 31, 2014 [Member]
Basis of Presentation and Significant Accounting Policies [Line Items]
Prior Period Reclassification Adjustment							106
Decrease in Level 2 Assets for the U.S. Plans [Member] | Year Ended December 31, 2014 [Member]
Basis of Presentation and Significant Accounting Policies [Line Items]
Prior Period Reclassification Adjustment							1,761
Decrease in Level 2 Assets for the Non-U.S. Plans [Member] | Year Ended December 31, 2014 [Member]
Basis of Presentation and Significant Accounting Policies [Line Items]
Prior Period Reclassification Adjustment							$ 251
Equipment Subject to Operating Leases [Member] | Minimum [Member]
Basis of Presentation and Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life						3 years
Equipment Subject to Operating Leases [Member] | Maximum [Member]
Basis of Presentation and Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Useful Life						7 years
Venezuelan Bolivars Fuertes
Basis of Presentation and Significant Accounting Policies [Line Items]
Foreign Currency Exchange Rate, Remeasurement			6.3			6.3	6.3
SICAD 1 [Member] | Venezuelan Bolivars Fuertes
Basis of Presentation and Significant Accounting Policies [Line Items]
Foreign Currency Exchange Rate, Remeasurement			12.0				12.0
SICAD 2 [Member] | Venezuelan Bolivars Fuertes
Basis of Presentation and Significant Accounting Policies [Line Items]
Foreign Currency Exchange Rate, Remeasurement			49.99				49.99
SIMADI [Member] | Venezuelan Bolivars Fuertes
Basis of Presentation and Significant Accounting Policies [Line Items]
Foreign Currency Exchange Rate, Remeasurement		191.97				198.7
RED-Rochester, LLC [Member]
Basis of Presentation and Significant Accounting Policies [Line Items]
Noncontrolling Interest in Variable Interest Entity			$ 21			$ 25	$ 21
Deferred Tax Assets, Net of Valuation Allowance, Current						22
RED-Rochester, LLC [Member] | Variable Interest Entity, Primary Beneficiary [Member]
Basis of Presentation and Significant Accounting Policies [Line Items]
Variable Interest Entity, Consolidated, Carrying Amount, Assets			77			69	77
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities			11			13	11
Kodak's Venezuelan Subsidiary [Member] | Venezuelan Bolivars Fuertes
Basis of Presentation and Significant Accounting Policies [Line Items]
Foreign Denominated Monetary Assets			$ 2			$ 1	$ 2

XML

Note 1 - Property, Plant and Equipment Estimated Useful Lives (Details)	8 Months Ended	12 Months Ended
	Aug. 31, 2013	Dec. 31, 2015
Building and Building Improvements [Member] | Successor [Member] | Minimum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives		5 years
Building and Building Improvements [Member] | Successor [Member] | Maximum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives		40 years
Building and Building Improvements [Member] | Predecessor [Member] | Minimum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	1 year
Building and Building Improvements [Member] | Predecessor [Member] | Maximum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	38 years
Land Improvements [Member] | Successor [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives		20 years
Land Improvements [Member] | Predecessor [Member] | Minimum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	1 year
Land Improvements [Member] | Predecessor [Member] | Maximum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	20 years
Leasehold Improvements [Member] | Successor [Member] | Minimum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives		3 years
Leasehold Improvements [Member] | Successor [Member] | Maximum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives		20 years
Leasehold Improvements [Member] | Predecessor [Member] | Minimum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	1 year
Leasehold Improvements [Member] | Predecessor [Member] | Maximum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	10 years
Equipment [Member] | Successor [Member] | Minimum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives		3 years
Equipment [Member] | Successor [Member] | Maximum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives		15 years
Equipment [Member] | Predecessor [Member] | Minimum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	1 year
Equipment [Member] | Predecessor [Member] | Maximum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	20 years
Tools, Dies and Molds [Member] | Successor [Member] | Minimum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives		1 year
Tools, Dies and Molds [Member] | Successor [Member] | Maximum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives		3 years
Tools, Dies and Molds [Member] | Predecessor [Member] | Minimum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	1 year
Tools, Dies and Molds [Member] | Predecessor [Member] | Maximum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	3 years
Furniture and Fixtures [Member] | Successor [Member] | Minimum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives		5 years
Furniture and Fixtures [Member] | Successor [Member] | Maximum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives		10 years
Furniture and Fixtures [Member] | Predecessor [Member] | Minimum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	1 year
Furniture and Fixtures [Member] | Predecessor [Member] | Maximum [Member]
Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	10 years

XML

Note 2 - Summary of Receivables, Net (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Accounts Receivable Net Current [Abstract]
Trade receivables	$ 300	$ 345
Miscellaneous receivables	50	57
Total (net of allowances of $10 and $11 as of December 31, 2015 and December 31, 2014, respectively)	$ 350	$ 402

XML

Note 2 - Summary of Receivables, Net (Details) (Parentheticals) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Accounts Receivable Net Current [Abstract]
Receivables, net of allowance	$ 10	$ 11

XML

Note 2 - Receivables, Net (Details Textual) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Accounts Receivable Net Current [Abstract]
Expected Customer Settlements in Lieu of Cash Payments	$ 28	$ 31

XML

Note 3 - Inventories (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Inventory Disclosure [Abstract]
Finished goods	$ 141	$ 160
Work in process	61	70
Raw materials	61	62
Total	$ 263	$ 292

XML

Note 4 - Property, Plant and Equipment (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Property Plant And Equipment [Abstract]
Land	$ 74	$ 100
Buildings and building improvements	169	174
Machinery and equipment	445	403
Construction in progress	20	47
Property, plant and equipment, gross	708	724
Accumulated depreciation	(314)	(223)
Property, plant and equipment, net	$ 394	$ 501

XML

Note 4 - Property, Plant and Equipment, Net and Equipment Subject to Operating Leases, Net (Details Textual) - USD ($) $ in Millions	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment, Net and Equipment Subject to Operating Leases, Net [Line Items]
Restructuring and Related Cost, Accelerated Depreciation		$ 4
Successor [Member]
Property, Plant and Equipment, Net and Equipment Subject to Operating Leases, Net [Line Items]
Depreciation	$ 66		$ 113	$ 170
Restructuring and Related Cost, Accelerated Depreciation	$ 0		$ 8	$ 2
Predecessor [Member]
Property, Plant and Equipment, Net and Equipment Subject to Operating Leases, Net [Line Items]
Depreciation		85
Restructuring and Related Cost, Accelerated Depreciation		$ 4

XML

Note 4 - Equipment Subject to Operating Leases (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Equipment Subject To Operating Leases [Abstract]
Equipment subject to operating leases, net	$ 25	$ 23
Accumulated depreciation	(12)	(10)
Equipment subject to operating leases, net	$ 13	$ 13

XML

Note 5 - Carrying Value of Goodwill by Reportable Segments (Details) - USD ($) $ in Millions			3 Months Ended	12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2015	Dec. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Goodwill [Line Items]
Goodwill	$ 88		$ 88	$ 88	$ 96		$ 88
Fresh start accounting adjustment					8	$ 8
Impairment	0	$ 0		(8)
Print Systems [Member]
Goodwill [Line Items]
Goodwill	56		56	56	56		51
Fresh start accounting adjustment					5
Impairment				0
Micro 3D Printing and Packaging [Member]
Goodwill [Line Items]
Goodwill	20		20	20	26		24
Fresh start accounting adjustment					2
Impairment				(6)
Software and Solutions [Member]
Goodwill [Line Items]
Goodwill	6		6	6	6		6
Impairment				0
Consumer and Film [Member]
Goodwill [Line Items]
Goodwill	$ 6		6	6	6		6
Impairment				0
Intellectual Property Solutions [Member]
Goodwill [Line Items]
Goodwill					2		$ 1
Fresh start accounting adjustment					$ 1
Impairment			$ (2)	$ (2)

XML

Note 5 - Goodwill and Other Intangible Assets (Details Textual) $ in Millions			3 Months Ended			4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2015 USD ($)	Sep. 30, 2015 USD ($)	Dec. 31, 2015 USD ($)	Mar. 31, 2015 USD ($)	Dec. 31, 2013 USD ($)	Dec. 31, 2013 USD ($)	Aug. 31, 2013 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Mar. 31, 2014 USD ($)
Goodwill And Other Intangible Assets [Line Items]
Fresh-Start Adjustment, Increase (Decrease), Goodwill									$ 8	$ 8
Goodwill	$ 88		$ 88		$ 88	$ 88		$ 88	96
Goodwill, Impairment Loss	0	$ 0						8
Amortization of Intangible Assets						7	$ 8	$ 21	21
Other Operating Income (Expense) [Member] | Trade Names
Goodwill And Other Intangible Assets [Line Items]
Goodwill, Impairment Loss					8
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)					8
Print Systems [Member]
Goodwill And Other Intangible Assets [Line Items]
Fresh-Start Adjustment, Increase (Decrease), Goodwill									5
Number of Reporting Units								2
Goodwill	56		56		51	51		$ 56	56
Goodwill, Impairment Loss								$ 0
Micro 3D Printing and Packaging [Member]
Goodwill And Other Intangible Assets [Line Items]
Fresh-Start Adjustment, Increase (Decrease), Goodwill									2
Number of Reporting Units								2
Goodwill	20		20		24	24		$ 20	26
Goodwill, Impairment Loss								$ 6
Micro 3D Printing and Packaging [Member] | Other Operating Income (Expense) [Member]
Goodwill And Other Intangible Assets [Line Items]
Goodwill, Impairment Loss				$ 6
Software and Solutions [Member]
Goodwill And Other Intangible Assets [Line Items]
Number of Reporting Units								2
Goodwill	6		6		6	6		$ 6	6
Goodwill, Impairment Loss								$ 0
Consumer and Film [Member]
Goodwill And Other Intangible Assets [Line Items]
Number of Reporting Units								3
Goodwill	$ 6		6		6	6		$ 6	6
Goodwill, Impairment Loss								$ 0
Enterprise Inkjet Systems [Member]
Goodwill And Other Intangible Assets [Line Items]
Number of Reporting Units								2
Intellectual Property Solutions [Member]
Goodwill And Other Intangible Assets [Line Items]
Fresh-Start Adjustment, Increase (Decrease), Goodwill									1
Number of Reporting Units								1
Goodwill					$ 1	$ 1			2
Goodwill, Impairment Loss			2					$ 2
Intellectual Property Solutions [Member] | Other Operating Income (Expense) [Member]
Goodwill And Other Intangible Assets [Line Items]
Goodwill, Impairment Loss			$ 2
Eastman Business Park [Member]
Goodwill And Other Intangible Assets [Line Items]
Number of Reporting Units								1
Graphics, Entertainment and Commercial Films Segment [Member]
Goodwill And Other Intangible Assets [Line Items]
Goodwill									67
Digital Printing and Enterprise Segment [Member]
Goodwill And Other Intangible Assets [Line Items]
Goodwill									$ 29

XML

Note 5 - Gross Carrying Amount and Accumulated Amortization by Major Intangible Asset Category (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Sep. 03, 2013
Finite Lived Intangible Assets [Line Items]
Accumulated Amortization	$ 49	$ 27
Intangible assets gross	168	167
Intangible assets net	119	140
Gross Carrying Amount			$ 9
Trade Names
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	46	46
Technology-Based Intangible Assets [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	83	83
Accumulated Amortization	38	21
Intangible Assets Net	$ 45	$ 62
Weighted-Average Amortization Period	3 years	4 years
Customer-Related Intangible Assets [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 37	$ 36
Accumulated Amortization	11	6
Intangible Assets Net	$ 26	$ 30
Weighted-Average Amortization Period	7 years	8 years
Other Intangible Assets [Member]
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2	$ 2
Intangible Assets Net	$ 2	$ 2
Weighted-Average Amortization Period	21 years	22 years

XML

Note 5 - Estimated Future Amortization Expense Related to Intangible Assets (Details) $ in Millions	Dec. 31, 2015 USD ($)
Intangible Assets Gross Excluding Goodwill [Abstract]
2016	$ 21
2017	19
2018	14
2019	7
2020	5
2021 and thereafter	7
Total	$ 73

XML

Note 6 - Other Current Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Other Current Liabilities [Abstract]
Accrued employment-related liabilities	$ 78	$ 125
Accrued customer rebates	31	34
Deferred revenue	34	39
Accrued restructuring liabilities	11	27
Deferred consideration on disposed businesses		11
Other	93	113
Total	$ 247	$ 349

XML

Note 6 - Other Current Liabilities (Details Textual)	Dec. 31, 2015
Maximum [Member]
Other Current Liabilities [Line Items]
Percentage of total current liabilities	5.00%

XML

Note 7 - Summary of Other Long-term Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Sep. 03, 2013
Summary Of Other Long Term Liabilities [Abstract]
Workers compensation	$ 113	$ 123
Environmental liabilities	13	19
Asset retirement obligations	47	53
Other	104	127
Total	$ 277	$ 322	$ 18

XML

Note 7 - Other Long-term Liabilities (Details Textual)	Dec. 31, 2015
Maximum [Member]
Other Long-term Liabilities
Percentage of other long-tern Liabilities	5.00%

XML

Note 8 - Long-Term Debt and Related Maturities and Interest Rates (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Carrying Value	$ 677	$ 677
Current Portion, Long-term Debt [Member]
Debt Instrument [Line Items]
Carrying Value	4	5
Long-term Debt [Member]
Debt Instrument [Line Items]
Carrying Value	$ 673	672
Term Note [Member] | Current Portion, Long-term Debt [Member]
Debt Instrument [Line Items]
Weighted-Average Effective Interest Rate	7.56%
Carrying Value	$ 4	4
Line of Credit [Member] | Current Portion, Long-term Debt [Member]
Debt Instrument [Line Items]
Weighted-Average Effective Interest Rate	2.42%
Carrying Value		1
Term Note 7.56% [Member] | Long-term Debt [Member]
Debt Instrument [Line Items]
Weighted-Average Effective Interest Rate	7.56%
Carrying Value	$ 400	403
Term Note 11.04% [Member] | Long-term Debt [Member]
Debt Instrument [Line Items]
Weighted-Average Effective Interest Rate	11.04%
Carrying Value	$ 270	$ 269
Other Long-term Debt [Member] | Long-term Debt [Member]
Debt Instrument [Line Items]
Weighted-Average Effective Interest Rate	6.07%
Carrying Value	$ 3

XML

Note 8 - Annual Maturities of Long-Term Debt (Details) $ in Millions	Dec. 31, 2015 USD ($)
Annual Maturities Of Long Term Debt [Abstract]
2016	$ 4
2017	4
2018	4
2019	392
2020	271
2021 and thereafter	2
Total	677
2016	4
2017	4
2018	4
2019	397
2020	276
2021 and thereafter	2
Total	$ 687

XML

Note 8 - Short-Term Borrowings and Long-Term Debt (Details Textual)		12 Months Ended
	Sep. 03, 2013 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Jun. 30, 2015
Short-Term Borrowings and Long-Term Debt [Line Items]
Proceeds from Issuance of Other Long-term Debt	$ 669,000,000
Debt Issuance Cost	8,000,000
Qualified Cash		$ 15,000,000	$ 15,000,000
Excess Availability, Percentage of Lender Commitments, Threshold Triggering Cash Dominion Control		15.00%
Percentage of Stock of Material Domestic Subsidiaries Securing Credit Agreement		100.00%
Percentage of Stock of Material First Tier Foreign Subsidiaries Securing Credit Agreement		65.00%
Term Collateral, Carrying Value		$ 1,873,000,000
ABL Collateral, Carrying Value			1,964,000,000
Term Credit Agreements, U.S. Liquidity, Threshold Below which No Prepayment is Required		100,000,000
Term Credit Agreements, Prepayment Required in Next Fiscal Year		$ 0	$ 0
Term Credit Agreements, First Lien Term Credit Agreement, Maximum Secured Leverage Ratio		2.75	3.75	3.25
Term Credit Agreements, EBITDA in Excess of the EBITDA Necessary to Satisfy the Secured Leverage Ratio		$ 33,000,000
First Lien Term Loan [Member]
Short-Term Borrowings and Long-Term Debt [Line Items]
Debt Instrument, Basis Spread on Variable Rate		6.25%
LIBOR Floor Percentage		1.00%
Alternate Base Rate		5.25%
Second Lien Note Holders [Member]
Short-Term Borrowings and Long-Term Debt [Line Items]
Debt Instrument, Basis Spread on Variable Rate		9.50%
LIBOR Floor Percentage		1.25%
Alternate Base Rate		8.50%
Restricted Cash [Member]
Short-Term Borrowings and Long-Term Debt [Line Items]
Eligible Cash		$ 30,000,000	$ 20,000,000
ABL Credit Facility [Member]
Short-Term Borrowings and Long-Term Debt [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	200,000,000
Long-term Line of Credit		118,000,000
Line of Credit Facility, Current Borrowing Capacity		$ 16,000,000	29,000,000
Fixed Charged Coverage Ratio Required		1.00
Excess Availability Below Which the Fixed Charge Coverage Ratio is Triggered		15.00%
Line of Credit Facility, Remaining Borrowing Capacity		$ 30,000,000	31,000,000
Excess Availability, Calculation, Percentage of Eligible Receivables Less a Dilution Reserve		85.00%
Excess Availability, Calculation, Percentage of Net Orderly Liquidation Value		85.00%
Excess Availability, Calculation, Percentage of Eligible Inventory		75.00%
Excess Availability, Calculation, Qualified Cash, Maximum		$ 15,000,000
Lender Commitments, Threshold Trigger, Excess Availability Amount		30,000,000	$ 30,000,000
Debt Instrument Covenant, Fixed Charge Coverage Ratio, Exceeded Amount		$ 17,000,000
ABL Credit Facility [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR)
Short-Term Borrowings and Long-Term Debt [Line Items]
Debt Instrument, Basis Spread on Variable Rate		2.75%
ABL Credit Facility [Member] | Minimum [Member] | Base Rate
Short-Term Borrowings and Long-Term Debt [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.75%
ABL Credit Facility [Member] | Maximum [Member] | London Interbank Offered Rate (LIBOR)
Short-Term Borrowings and Long-Term Debt [Line Items]
Debt Instrument, Basis Spread on Variable Rate		3.25%
ABL Credit Facility [Member] | Maximum [Member] | Base Rate
Short-Term Borrowings and Long-Term Debt [Line Items]
Debt Instrument, Basis Spread on Variable Rate		2.25%
ABL Credit Facility [Member] | Letter of Credit [Member]
Short-Term Borrowings and Long-Term Debt [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	150,000,000
Term Credit Agreement [Member]
Short-Term Borrowings and Long-Term Debt [Line Items]
Debt Instrument, Face Amount	695,000,000
Proceeds from Issuance of Other Long-term Debt	664,000,000
Debt Instrument, Unamortized Discount	15,000,000
Debt Issuance Cost	16,000,000
Term Credit Agreement [Member] | First Lien Term Loan [Member] | Between First and Second Anniversary [Member]
Short-Term Borrowings and Long-Term Debt [Line Items]
Repayment Rate		1.00%
First Lien Term Loan [Member]
Short-Term Borrowings and Long-Term Debt [Line Items]
Debt Instrument, Face Amount	420,000,000
Second Lien Note Holders [Member]
Short-Term Borrowings and Long-Term Debt [Line Items]
Debt Instrument, Face Amount	$ 275,000,000

XML

Note 9 - Commitments and Contingencies (Details) - Site Contingency - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Site Contingency [Line Items]
Site Contingency	$ 13	$ 28
Other Operating Sites [Member]
Site Contingency [Line Items]
Site Contingency	7	7
Sites Associated with Former Operations [Member]
Site Contingency [Line Items]
Site Contingency		10
Sites Associated With Non-imaging Health Business [Member]
Site Contingency [Line Items]
Site Contingency	$ 6	$ 11

XML

Note 9 - Commitments and Contingencies (Details) - Cash Expenditures For Pollution Prevention and Waste Treatment - USD ($) $ in Millions	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Successor [Member]
Cash Expenditures For Pollution Prevention and Waste Treatment [Line Items]
Cash expenditures for pollution prevention and waste treatment	$ 7		$ 15	$ 15
Successor [Member] | Recurring Cost Pollution Prevention and Waste Treatment [Member]
Cash Expenditures For Pollution Prevention and Waste Treatment [Line Items]
Cash expenditures for pollution prevention and waste treatment	5		13	13
Successor [Member] | Capital Expenditures for Pollution Prevention and Waste Treatment [Member]
Cash Expenditures For Pollution Prevention and Waste Treatment [Line Items]
Cash expenditures for pollution prevention and waste treatment	$ 2		$ 2	$ 2
Predecessor [Member]
Cash Expenditures For Pollution Prevention and Waste Treatment [Line Items]
Cash expenditures for pollution prevention and waste treatment		$ 16
Predecessor [Member] | Recurring Cost Pollution Prevention and Waste Treatment [Member]
Cash Expenditures For Pollution Prevention and Waste Treatment [Line Items]
Cash expenditures for pollution prevention and waste treatment		$ 16

XML

Note 9 - Commitments and Contingencies (Details Textual) - USD ($) $ in Millions		3 Months Ended	4 Months Ended	8 Months Ended	12 Months Ended
	Jan. 14, 2015	Mar. 31, 2015	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Commitments And Contingencies [Line Items]
Gain on Environmental Liabilities		$ 5
Other Increase (Decrease) in Environmental Liabilities		$ (5)
Environmental Insurance Policy Term	10 years
Disposal Group, Including Discontinued Operation, Assets, Current					$ 72	$ 85
Disposal Group, Including Discontinued Operation, Liabilities, Current					22	39
Operating Leases, Rent Expense, Net			$ 15	$ 35	28	36
Restricted cash					43	$ 37
Federal and State Value added Taxes Litigations [Member]
Commitments And Contingencies [Line Items]
Loss Contingency, Estimate of Possible Loss					49
Threat of Expropriation of Assets [Member] | BRAZIL
Commitments And Contingencies [Line Items]
Assets, Noncurrent					62
Threat of Expropriation of Assets [Member] | BRAZIL | Cash [Member]
Commitments And Contingencies [Line Items]
Restricted cash					6
Bank Guarantees and Letters of Credit [Member]
Commitments And Contingencies [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted					4
Surety Bond [Member]
Commitments And Contingencies [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted					17
Restricted Cash Deposits [Member]
Commitments And Contingencies [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted					58
Asset Based Revolving Credit [Member]
Commitments And Contingencies [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted					$ 118
Middleway, West Virginia [Member]
Commitments And Contingencies [Line Items]
Gain on Environmental Liabilities	$ 5
Disposal Group, Including Discontinued Operation, Assets, Current	2
Disposal Group, Including Discontinued Operation, Liabilities, Current	$ 9

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Note 9 - Commitments and Contingencies (Details) - Asset Retirement Obligation Activity - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Asset Retirement Obligation Activity [Abstract]
Asset Retirement Obligations at start of period	$ 53	$ 52
Liabilities incurred in the current period	1	3
Liabilities settled in the current period	(3)	(1)
Accretion expense	2	2
Revision in estimated cash flows	(6)	(2)
Foreign exchange impact		(1)
Asset Retirement Obligations at end of period	$ 47	$ 53

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Note 10 - Guarantees (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	May 20, 2014
Guarantee Obligations [Line Items]
Percentage of Liability Above 99 Million			50.00%
Product Warranty Expense	$ 125,000,000	$ 148,000,000
Maximum [Member]
Guarantee Obligations [Line Items]
Environmental Settlement Historical Liabilities Trigger Amount	$ 99,000,000
Percentage of Liability Above 99 Million	50.00%
Original Warranty Period	1 year
Extended Warranty Period	5 years
General Period [Member]
Guarantee Obligations [Line Items]
Extended Warranty Period	1 year
Minimum [Member]
Guarantee Obligations [Line Items]
Extended Warranty Period	90 days
Amended EBP Settlement Agreement [Member]
Guarantee Obligations [Line Items]
Accrual for Environmental Loss Contingencies	$ 0
Financial Guarantee [Member] | Guarantor Subsidiaries [Member]
Guarantee Obligations [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	17,000,000
Guarantor Obligations, Current Carrying Value	$ 6,000,000

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Note 10 - Change in Accrued Warranty Obligations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Change In Accrued Warranty Obligations [Abstract]
Accrued warranty obligations	$ 4	$ 12
Actual warranty experience	(6)	(14)
Warranty provisions	5	6
Accrued warranty obligations	$ 3	$ 4

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Note 10 - Deferred Revenue (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Movement In Deferred Revenue Roll Forward
Deferred revenue on extended warranties	$ 27	$ 30
New extended warranty and maintenance arrangements	176	188
Recognition of extended warranty and maintenance arrangement revenue	(177)	(191)
Deferred revenue on extended warranties	$ 26	$ 27

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Note 11 - Financial Instruments (Details Textual) - USD ($) $ in Millions	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Sep. 03, 2013
Long-term Debt, Fair Value					$ 676
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Long-term Debt, Fair Value			$ 588	$ 681
Not Designated as Hedging Instrument [Member]
Derivatives Hedging Instruments	$ 0	$ 0	0	0
Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward [Member]
Derivative Asset, Notional Amount			$ 384	$ 334

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Note 11 - Derivatives Not Designated as Hedging Instruments (Details) - Not Designated as Hedging Instrument [Member] - Foreign Exchange Forward [Member] - USD ($) $ in Millions	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Successor [Member]
Net gain (loss) from derivatives not designated as hedging instruments	$ (14)		$ 14	$ 10
Predecessor [Member]
Net gain (loss) from derivatives not designated as hedging instruments		$ 2

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Note 12 - Summary of Other Operating Expense (Income), Net (Details) - USD ($) $ in Millions				4 Months Ended	8 Months Ended	12 Months Ended
		Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Expense (income) :
Goodwill and intangible asset impairments		$ 0	$ 0			$ 8
Successor [Member]
Expense (income) :
Goodwill and intangible asset impairments	[1],[2],[3],[4],[5]			$ 8		8	$ 9
Gains related to the sales of assets and businesses				(6)		(6)	(3)
Gain recognized on assets acquired for no monetary consideration	[6]					(3)
Other						3	3
Total				$ 2		$ 2	$ 9
Predecessor [Member]
Expense (income) :
Gain on sale of digital imaging patent portfolio	[7]				$ (535)
Goodwill and intangible asset impairments	[1],[2],[3],[4],[5]				77
Gains related to the sales of assets and businesses					(34)
Other					(3)
Total					$ (495)

[1] In the first quarter of 2013, Kodak recorded a goodwill impairment charge of $77 million related to the Intellectual Property and Consumer Products reporting unit.

[2] In the first quarter of 2015, Kodak recorded a goodwill impairment charge of $6 million related to the Micro 3D Printing reporting unit. 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 fourth quarter of 2014, Kodak recorded an impairment charge of $9 million related to an in-process research and development intangible asset established as part of fresh start accounting.

[5] In the fourth quarter of 2015, Kodak recorded a goodwill impairment charge of $2 million related to the Intellectual Property Solutions reporting unit. Refer to Note 5, “Goodwill and Other Intangible Assets.”

[6] Refer to Note 23, “Segment Information”, footnote 5 to the table entitled “Segment Operational EBITDA from Consolidated Loss from Continuing Operations Before Income Taxes.”

[7] Refer to Note 24, “Emergence from Voluntary Reorganization under Chapter 11 Proceedings.”

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Note 12 - Other Operating Expense (Income), Net (Details Textual) - USD ($) $ in Millions			3 Months Ended					12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Mar. 31, 2013	Dec. 31, 2015
Other Operating Income Expense Net [Line Items]
Goodwill, Impairment Loss	$ 0	$ 0						$ 8
In Process Research and Development [Member]
Other Operating Income Expense Net [Line Items]
Goodwill, Impairment Loss					$ 9
Other Operating Income (Expense) [Member] | Trade Names [Member]
Other Operating Income Expense Net [Line Items]
Goodwill, Impairment Loss						$ 8
Intellectual Property Solutions [Member]
Other Operating Income Expense Net [Line Items]
Goodwill, Impairment Loss			$ 2					2
Intellectual Property Solutions [Member] | Other Operating Income (Expense) [Member]
Other Operating Income Expense Net [Line Items]
Goodwill, Impairment Loss			$ 2
Micro 3D Printing and Packaging [Member]
Other Operating Income Expense Net [Line Items]
Goodwill, Impairment Loss								$ 6
Micro 3D Printing and Packaging [Member] | Other Operating Income (Expense) [Member]
Other Operating Income Expense Net [Line Items]
Goodwill, Impairment Loss				$ 6
Intellectual Property Solutions and Consumer Products [Member]
Other Operating Income Expense Net [Line Items]
Goodwill, Impairment Loss							$ 77

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Note 13 - Other (Charges) Income, Net (Details) - USD ($) $ in Millions		1 Months Ended	4 Months Ended	8 Months Ended	12 Months Ended
		Aug. 31, 2013	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Income (charges):
Loss on foreign exchange transactions		$ 1			$ (3)	$ (3)
Successor [Member]
Income (charges):
Interest income			$ 3		1	6
Loss on foreign exchange transactions	[1]		(5)		(17)	(22)
Other			12		(5)	(5)
Total			$ 10		$ (21)	$ (21)
Predecessor [Member]
Income (charges):
Interest income				$ 3
Loss on foreign exchange transactions	[1]			(7)
Other				(9)
Total				$ (13)

[1] In 2015 and 2014 Kodak recorded charges of $2 million and $16 million, respectively, from the remeasurement of its Venezuelan subsidiary’s monetary assets and liabilities. Refer to Note 1, “Basis of Presentations and Significant Accounting Matters”, “Foreign Currency” section.

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Note 13 - Other (Charges) Income, Net (Details Textual) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Other Income And Charges [Abstract]
Foreign Currency Transaction Gain (Loss), before Tax	$ (2)	$ (16)	$ 2	$ 16

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Note 14 - Components of Earnings (Losses) From Continuing Operations and Tax Provisions (Details) - USD ($) $ in Millions	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Successor [Member]
(Loss) earnings from continuing operations before income taxes:
U.S.	$ (98)		$ (136)	$ (151)
Outside the U.S.	43		138	102
Earnings (loss) from continuing operations before income taxes	(55)		2	(49)
U.S. income taxes:
Current provision (benefit)	3		1	(2)
Deferred provision (benefit)	3		9	4
Income taxes outside the U.S.:
Current provision (benefit)	8		20	(1)
Deferred provision (benefit)	(8)			7
State and other income taxes:
Current provision	2			1
Deferred provision				1
Total provision	$ 8		$ 30	$ 10
Predecessor [Member]
(Loss) earnings from continuing operations before income taxes:
U.S.		$ 2,281
Outside the U.S.		125
Earnings (loss) from continuing operations before income taxes		2,406
U.S. income taxes:
Deferred provision (benefit)		(3)
Income taxes outside the U.S.:
Current provision (benefit)		53
Deferred provision (benefit)		105
State and other income taxes:
Current provision		1
Total provision		$ 156

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Note 14 - Income Tax Provision (Benefit) Reconciliation (Details) - USD ($) $ in Millions	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Successor [Member]
Income Tax Provision (Benefit) Reconciliation [Line Items]
Amount computed using the statutory rate	$ (18)		$ 1	$ (17)
Increase (reduction) in taxes resulting from:
State and other income taxes, net of federal	2			1
Unremitted foreign earnings	36		26	4
Impact of goodwill and intangible impairments	(3)
Operations outside the U.S.	72		25	95
Valuation allowance	(106)		(83)	(127)
Tax settlements and adjustments, including interest	1		2	(5)
Discharge of debt and other reorganization related items	24		60	57
Other, net			(1)	2
Total provision	$ 8		$ 30	$ 10
Predecessor [Member]
Income Tax Provision (Benefit) Reconciliation [Line Items]
Amount computed using the statutory rate		$ 842
Increase (reduction) in taxes resulting from:
Unremitted foreign earnings		32
Impact of goodwill and intangible impairments		(22)
Operations outside the U.S.		(20)
Legislative rate changes		1
Valuation allowance		25
Tax settlements and adjustments, including interest		5
Discharge of debt and other reorganization related items		(722)
Other, net		15
Total provision		$ 156

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Note 14 - Income Taxes (Details Textual) - USD ($) $ in Millions		1 Months Ended	8 Months Ended	12 Months Ended
	Sep. 03, 2013	Sep. 30, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Schedule Of Income Taxes [Line Items]
Cancellation Of Indebtedness Income Amount	$ 705
Operating Loss Carryforwards	2,495			$ 1,565
Pension and Other Postretirement Defined Benefit Plans, Liabilities, Noncurrent				619	$ 657
Increase (Decrease) in Deferred Income Taxes		$ 329
Deferred Tax Assets, Operating Loss Carryforwards, Not Subject to Expiration				481
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration				1,084
Deferred Tax Assets, Tax Credit Carryforwards, Foreign				314	258
Accumulated Deferred Investment Tax Credit				80
Deferred Tax Liabilities, Undistributed Foreign Earnings, Net of Provision for Withholding Tax				102	159
Provision For Withholding Tax On Undistributed Foreign Earnings				19	17
Deferred Tax Assets, Valuation Allowance				1,201	1,127
Deferred Tax Assets, Net of Valuation Allowance				27	42
Income Tax Examination, Penalties and Interest Accrued				21	18
Unrecognized Tax Benefits						$ 64
Minimum [Member]
Schedule Of Income Taxes [Line Items]
Decrease in Unrecognized Tax Benefits is Reasonably Possible				0
Maximum [Member]
Schedule Of Income Taxes [Line Items]
Decrease in Unrecognized Tax Benefits is Reasonably Possible				10
Operating Loss Carryforwards Tax Credits And Pension Benefits [Member]
Schedule Of Income Taxes [Line Items]
Deferred Tax Assets, Net of Valuation Allowance				27	42
Foreign Tax Authority [Member]
Schedule Of Income Taxes [Line Items]
Deferred Tax Assets, Valuation Allowance				266	315
Deferred Tax Assets, Net of Valuation Allowance				344	400
Liability for Uncertain Tax Positions, Current					8
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued					2
Other Tax Expense (Benefit)					(10)
Domestic Tax Authority [Member]
Schedule Of Income Taxes [Line Items]
Deferred Tax Assets, Valuation Allowance				935	812
Deferred Tax Assets, Net of Valuation Allowance				$ 884	$ 769
State and Local Jurisdiction [Member]
Schedule Of Income Taxes [Line Items]
Payments For Tax Claims						2
Tax Claims						$ 17
KPP Global Settlement [Member]
Schedule Of Income Taxes [Line Items]
Deferred Income Tax Expense (Benefit)			$ 100
Restructuring Due to Emergence of Bankruptcy [Member]
Schedule Of Income Taxes [Line Items]
Deferred Income Tax Expense (Benefit)			$ 46
Liabilities Held For Sale [Member]
Schedule Of Income Taxes [Line Items]
Pension and Other Postretirement Defined Benefit Plans, Liabilities, Noncurrent							$ 1,500
Set to Expire [Member]
Schedule Of Income Taxes [Line Items]
Operating Loss Carryforwards	711
Effective Income Tax Rate Reconciliation, Tax Credit, Foreign, Amount	567
Effective Income Tax Rate Reconciliation, Tax Credit, Research, Amount	$ 21

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Note 14 - Deferred Tax Assets and Liabilities Significant Components (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets
Pension and postretirement obligations	$ 187	$ 221
Restructuring programs	3	5
Foreign tax credit	314	258
Inventories	14	20
Investment tax credit	80	100
Employee deferred compensation	46	43
Depreciation	62	45
Research and development costs	188	232
Tax loss carryforwards	380	355
Other deferred revenue	13	13
Other	112	111
Total deferred tax assets	1,399	1,403
Deferred tax liabilities
Leasing	1	7
Goodwill/Intangibles	49	51
Unremitted foreign earnings	121	176
Total deferred tax liabilities	171	234
Net deferred tax assets before valuation allowance	1,228	1,169
Valuation allowance	1,201	1,127
Net deferred tax assets	$ 27	$ 42

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Note 14 - Components of Deferred Tax Assets (Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Deferred income taxes (current)	$ 22	$ 31
Deferred income taxes (non-current)	23	38
Other current liabilities		(1)
Other long-term liabilities	(18)	(26)
Net deferred tax assets	$ 27	$ 42

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Note 14 - Reconciliation of Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Reconciliation Of Unrecognized Tax Benefits [Line Items]
Balance as of January 1				$ 64
Tax Positions related to prior years:
Balance as of December 31	$ 64
Successor [Member]
Reconciliation Of Unrecognized Tax Benefits [Line Items]
Balance as of January 1	107		$ 92	106
Tax positions related to the current year:
Additions			1	2
Tax Positions related to prior years:
Additions	2			1
Reductions	(3)		(7)	(14)
Settlements with taxing jurisdictions				(1)
Lapses in Statute of limitations			(1)	(2)
Balance as of December 31	106	$ 107	$ 85	$ 92
Predecessor [Member]
Reconciliation Of Unrecognized Tax Benefits [Line Items]
Balance as of January 1	$ 107	57
Tax positions related to the current year:
Additions		68
Tax Positions related to prior years:
Additions		1
Reductions		(17)
Settlements with taxing jurisdictions		(2)
Balance as of December 31		$ 107

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Note 15 - Restructuring Costs and Other (Details) - Restructuring Liabilities - USD ($) $ in Millions		4 Months Ended		8 Months Ended	12 Months Ended
		Dec. 31, 2013		Aug. 31, 2013	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
Restructuring Cost and Reserve [Line Items]
Other adjustments and reclasses				$ (12)	$ (12)		$ (11)
Restructuring Charges				52
Predecessor [Member]
Restructuring Cost and Reserve [Line Items]
Balance				83					$ 83
Utilization/cash payments				(88)
Other adjustments and reclasses	[1]			(12)
Restructuring Charges				43
Predecessor [Member] | Continuing Operations [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges				49
Restructuring Charges				45
Predecessor [Member] | Discontinued Operations [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges				3
Successor [Member]
Restructuring Cost and Reserve [Line Items]
Balance		$ 35			27		34
Utilization/cash payments		(19)			(50)		(57)
Other adjustments and reclasses		1	[2]		(12)	[3]	(11)	[4]
Balance		34		35	11		27		34
Restructuring Charges		17			37		56
Successor [Member] | Continuing Operations [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges					45		58
Restructuring Charges					37		56		17
Successor [Member] | Discontinued Operations [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges					1		3
Employee Severance [Member] | Predecessor [Member]
Restructuring Cost and Reserve [Line Items]
Balance	[5]			38					38
Utilization/cash payments	[5]			(48)
Other adjustments and reclasses	[1],[5]			(3)
Employee Severance [Member] | Predecessor [Member] | Continuing Operations [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	[5]			38
Employee Severance [Member] | Predecessor [Member] | Discontinued Operations [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	[5]			3
Employee Severance [Member] | Successor [Member]
Restructuring Cost and Reserve [Line Items]
Balance	[5]	28			22		26
Utilization/cash payments	[5]	(15)			(36)		(47)
Other adjustments and reclasses	[5]				(12)	[3]	(11)	[4]
Balance	[5]	26		28	7		22		26
Restructuring Charges	[5]	13
Employee Severance [Member] | Successor [Member] | Continuing Operations [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	[5]				32		51
Employee Severance [Member] | Successor [Member] | Discontinued Operations [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	[5]				1		3
Facility Closing [Member] | Predecessor [Member]
Restructuring Cost and Reserve [Line Items]
Balance	[5]			45					45
Utilization/cash payments	[5]			(32)
Other adjustments and reclasses	[1],[5]			(9)
Facility Closing [Member] | Predecessor [Member] | Continuing Operations [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	[5]			3
Facility Closing [Member] | Successor [Member]
Restructuring Cost and Reserve [Line Items]
Balance	[5]	7			5		8
Utilization/cash payments	[5]	(3)			(5)		(5)
Other adjustments and reclasses	[2],[5]	1
Balance	[5]	8		7	4		5		$ 8
Restructuring Charges	[5]	3
Facility Closing [Member] | Successor [Member] | Continuing Operations [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	[5]				4		2
Long-lived Asset Impairments and Inventory Write-downs [Member] | Predecessor [Member]
Restructuring Cost and Reserve [Line Items]
Utilization/cash payments	[5]			(4)
Long-lived Asset Impairments and Inventory Write-downs [Member] | Predecessor [Member] | Continuing Operations [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	[5]			4
Long-lived Asset Impairments and Inventory Write-downs [Member] | Successor [Member]
Restructuring Cost and Reserve [Line Items]
Utilization/cash payments	[5]	(1)			(1)		(3)
Restructuring Charges	[5]	$ 1
Long-lived Asset Impairments and Inventory Write-downs [Member] | Successor [Member] | Continuing Operations [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	[5]				1		3
Accelerated Depreciation [Member] | Predecessor [Member]
Restructuring Cost and Reserve [Line Items]
Utilization/cash payments	[5]			(4)
Accelerated Depreciation [Member] | Predecessor [Member] | Continuing Operations [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	[5]			$ 4
Accelerated Depreciation [Member] | Successor [Member]
Restructuring Cost and Reserve [Line Items]
Utilization/cash payments	[5]				(8)		(2)
Accelerated Depreciation [Member] | Successor [Member] | Continuing Operations [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	[5]				$ 8		$ 2

[1] The $(12) million includes $(5) million for amounts reclassified as Liabilities subject to compromise, $(4) million of severance-related charges for pension plan curtailments, which were reclassified to Pension and other postretirement liabilities and $(3) million of reserve adjustments due to the application of fresh start accounting, which were recorded in Reorganization items

[2] The $1 million represents foreign currency translation adjustments

[3] The $(12) million includes $(9) million of severance related charges for pension plan special termination benefits, which were reclassified to Pension and other postretirement liabilities and $(3) million of foreign currency translation adjustments

[4] The $(11) million includes $(8) million of severance related charges for pension plan special termination benefits, which were reclassified to Pension and other postretirement liabilities and $(3) million of foreign currency translation adjustments

[5] The severance and exit costs reserves require the outlay of cash, while long-lived asset impairments, accelerated depreciation and inventory write-downs represent non-cash items.

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Note 15 - Restructuring Costs and Other (Details) $ in Millions		1 Months Ended	4 Months Ended		8 Months Ended	12 Months Ended
		Aug. 31, 2013 USD ($)	Dec. 31, 2013 USD ($)		Aug. 31, 2013 USD ($) Position	Dec. 31, 2015 USD ($) Position		Dec. 31, 2014 USD ($) Position
Restructuring Costs and Other [Line Items]
Restructuring Reserve, Translation and Other Adjustment					$ (12)	$ (12)		$ (11)
Foreign Currency Transaction Gain (Loss), Realized		$ 1				$ (3)		$ (3)
Restructuring Charges					52
Restructuring and Related Cost, Accelerated Depreciation					4
Inventory Write-down					$ 2
Restructuring and Related Cost, Number of Positions Eliminated | Position					825	600		775
Leeds Plate Manufacturing Facility Exit [Member]
Restructuring Costs and Other [Line Items]
Severance Costs						$ 7
Restructuring and Related Cost, Accelerated Depreciation						8
Impairment of Long-Lived Assets Held-for-use						1
Minimum [Member] | Leeds Plate Manufacturing Facility Exit [Member]
Restructuring Costs and Other [Line Items]
Restructuring and Related Cost, Expected Cost						25
Maximum [Member] | Leeds Plate Manufacturing Facility Exit [Member]
Restructuring Costs and Other [Line Items]
Restructuring and Related Cost, Expected Cost						30
Including Accelerated Depreciation [Member]
Restructuring Costs and Other [Line Items]
Restructuring Charges								$ 61
Restructuring Costs						46
Separation Benefits [Member] | Leeds Plate Manufacturing Facility Exit [Member]
Restructuring Costs and Other [Line Items]
Restructuring and Related Cost, Expected Cost						10
Non-cash Accelerated Depreciation and Assets Write-off [Member] | Minimum [Member] | Leeds Plate Manufacturing Facility Exit [Member]
Restructuring Costs and Other [Line Items]
Restructuring and Related Cost, Expected Cost						13
Non-cash Accelerated Depreciation and Assets Write-off [Member] | Maximum [Member] | Leeds Plate Manufacturing Facility Exit [Member]
Restructuring Costs and Other [Line Items]
Restructuring and Related Cost, Expected Cost						15
Other Cash Charges [Member] | Minimum [Member] | Leeds Plate Manufacturing Facility Exit [Member]
Restructuring Costs and Other [Line Items]
Restructuring and Related Cost, Expected Cost						2
Other Cash Charges [Member] | Maximum [Member] | Leeds Plate Manufacturing Facility Exit [Member]
Restructuring Costs and Other [Line Items]
Restructuring and Related Cost, Expected Cost						$ 5
North America [Member]
Restructuring Costs and Other [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated | Position					375	275		425
World, Excluding North America [Member]
Restructuring Costs and Other [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated | Position					450	325		350
Successor [Member]
Restructuring Costs and Other [Line Items]
Restructuring Reserve, Translation and Other Adjustment			$ 1	[1]		$ (12)	[2]	$ (11)	[3]
Foreign Currency Transaction Gain (Loss), Realized	[4]		(5)			(17)		(22)
Restructuring Charges			17			37		56
Restructuring and Related Cost, Accelerated Depreciation			0			8		2
Earnings (Loss) from Discontinued Operations [Member]
Restructuring Costs and Other [Line Items]
Restructuring Charges					$ 3
Earnings (Loss) from Discontinued Operations [Member] | Successor [Member]
Restructuring Costs and Other [Line Items]
Restructuring and Related Cost, Accelerated Depreciation						1		3
Liabilities Subject To Compromise [Member]
Restructuring Costs and Other [Line Items]
Restructuring Reserve, Accrual Adjustment					(5)
Pension Plan Curtailments Settlements And Special Termination Benefits [Member]
Restructuring Costs and Other [Line Items]
Severance Costs					4	9		8
Reorganization Items [Member]
Restructuring Costs and Other [Line Items]
Restructuring Reserve, Accrual Adjustment					(3)
Other Restructuring [Member]
Restructuring Costs and Other [Line Items]
Restructuring Charges					$ 43
Other Restructuring [Member] | Leeds Plate Manufacturing Facility Exit [Member]
Restructuring Costs and Other [Line Items]
Restructuring Costs						1
Other Restructuring [Member] | Successor [Member]
Restructuring Costs and Other [Line Items]
Restructuring and Related Cost, Accelerated Depreciation						37		$ 56
Other Restructuring [Member] | Cumulative Basis [Member]
Restructuring Costs and Other [Line Items]
Restructuring Costs						$ 1
Manufacturing/Service Positions [Member]
Restructuring Costs and Other [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated | Position					500	250		325
Administrative Positions [Member]
Restructuring Costs and Other [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated | Position					300	250		350
Research and Development Positions [Member]
Restructuring Costs and Other [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated | Position					25	100		100
Employee Severance [Member] | Successor [Member]
Restructuring Costs and Other [Line Items]
Restructuring Reserve, Translation and Other Adjustment	[5]					$ (12)	[2]	$ (11)	[3]
Restructuring Charges	[5]		$ 13
Employee Severance [Member] | Cumulative Basis [Member]
Restructuring Costs and Other [Line Items]
Restructuring Costs						10
Long-Lived Asset Impairment Charges [Member] | Cumulative Basis [Member]
Restructuring Costs and Other [Line Items]
Restructuring Costs						3
Accelerated Depreciation [Member] | Cumulative Basis [Member]
Restructuring Costs and Other [Line Items]
Restructuring Costs						$ 10

[1] The $1 million represents foreign currency translation adjustments

[2] The $(12) million includes $(9) million of severance related charges for pension plan special termination benefits, which were reclassified to Pension and other postretirement liabilities and $(3) million of foreign currency translation adjustments

[3] The $(11) million includes $(8) million of severance related charges for pension plan special termination benefits, which were reclassified to Pension and other postretirement liabilities and $(3) million of foreign currency translation adjustments

[4] In 2015 and 2014 Kodak recorded charges of $2 million and $16 million, respectively, from the remeasurement of its Venezuelan subsidiary’s monetary assets and liabilities. Refer to Note 1, “Basis of Presentations and Significant Accounting Matters”, “Foreign Currency” section.

[5] The severance and exit costs reserves require the outlay of cash, while long-lived asset impairments, accelerated depreciation and inventory write-downs represent non-cash items.

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Note 16 - Retirement Plans - (Details Textual) - USD ($) $ in Millions	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Retirement Plans [Line Items]
(Loss) earnings from discontinued operations	$ 1	$ 40		$ 1	$ 1
Defined Benefit Plan, Special Termination Benefits				$ 9	8
Discontinued Operations [Member]
Retirement Plans [Line Items]
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements		$ (114)
Non-U.S. [Member]
Retirement Plans [Line Items]
Defined Benefit Plan Transfers					31
Defined Benefit Plan, Assets Transferred to (from) Plan					$ 9
Non-U.S. [Member] | Equity Securities [Member]
Retirement Plans [Line Items]
Defined Benefit Plan, Actual Plan Asset Allocations				0.00%	1.00%
Non-U.S. [Member] | Government Bonds [Member]
Retirement Plans [Line Items]
Defined Benefit Plan, Actual Plan Asset Allocations				12.00%	9.00%
Defined Benefit Plan, Target Plan Asset Allocations, Duration				13 years	25 years
UNITED STATES
Retirement Plans [Line Items]
Defined Benefit Plan, Settlements, Benefit Obligation					$ 292
Defined Benefit Plan, Special Termination Benefits				$ 9	$ 8
UNITED STATES | Equity Securities [Member]
Retirement Plans [Line Items]
Defined Benefit Plan, Actual Plan Asset Allocations				10.00%	9.00%
UNITED STATES | Government Bonds [Member]
Retirement Plans [Line Items]
Defined Benefit Plan, Actual Plan Asset Allocations				24.00%	25.00%
Defined Benefit Plan, Target Plan Asset Allocations, Duration				18 years	18 years
Cash Balance Plan [Member]
Retirement Plans [Line Items]
Defined Benefit Plan Contributions By Employer Maximum Percentage Of Employee Salary				7.00%
United States Pension Plan of US Entity [Member]
Retirement Plans [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets				7.40%
Foreign Pension Plan [Member] | Minimum [Member]
Retirement Plans [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets				3.00%
Foreign Pension Plan [Member] | Maximum [Member]
Retirement Plans [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets				6.50%
Non-U.S. [Member] | Scenario, Forecast [Member]
Retirement Plans [Line Items]
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year			$ 4

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Note 16 - Major Funded and Unfunded Defined Benefit Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Change in Benefit Obligation
Special termination benefits	$ 9	$ 8
UNITED STATES
Change in Benefit Obligation
Projected benefit obligation at beginning of period	4,438	4,361
Service cost	17	18
Interest cost	148	176
Plan amendments		(61)
Benefit payments	(478)	(339)
Actuarial (gain) loss	(35)	567
Settlements		(292)
Special termination benefits	9	8
Projected benefit obligation at end of period	4,099	4,438
Change in Plan Assets
Fair value of plan assets at beginning of period	4,160	4,184
Gain on plan assets	111	607
Settlements		(292)
Benefit payments	(478)	(339)
Fair value of plan assets at end of period	3,793	4,160
Under Funded Status at end of period	(306)	(278)
Accumulated benefit obligation at end of period	4,098	4,436
Non-U.S. [Member]
Change in Benefit Obligation
Projected benefit obligation at beginning of period	918	960
Transfers		(31)
Service cost	3	4
Interest cost	17	30
Benefit payments	(51)	(61)
Actuarial (gain) loss	(24)	119
Currency adjustments	(63)	(103)
Projected benefit obligation at end of period	800	918
Change in Plan Assets
Fair value of plan assets at beginning of period	795	833
Transfers		(9)
Gain on plan assets	31	111
Employer contributions	4	7
Benefit payments	(51)	(61)
Currency adjustments	(51)	(86)
Fair value of plan assets at end of period	728	795
Under Funded Status at end of period	(72)	(123)
Accumulated benefit obligation at end of period	$ 792	$ 907

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Note 16 - Amounts Recognized in Consolidated Statement of Financial Position (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Amounts Recognized In Consolidated Statement Of Financial Position [Line Items]
Pension and other postretirement liabilities	$ (619)	$ (657)
UNITED STATES
Amounts Recognized In Consolidated Statement Of Financial Position [Line Items]
Pension and other postretirement liabilities	(306)	(278)
Net amount recognized	(306)	(278)
Non-U.S. [Member]
Amounts Recognized In Consolidated Statement Of Financial Position [Line Items]
Other long-term assets	39	29
Pension and other postretirement liabilities	(111)	(152)
Net amount recognized	$ (72)	$ (123)

XML

Note 16 - Major Funded and Unfunded Defined Benefit Plans With Accumulated Benefit Obligation in Excess of Plan Assets (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
UNITED STATES
Major Funded And Unfunded Defined Benefit Plans With Accumulated Benefit Obligation In Excess Of Plan Assets [Line Items]
Projected benefit obligation	$ 4,099	$ 4,438
Accumulated benefit obligation	4,098	4,436
Fair value of plan assets	3,793	4,160
Non-U.S. [Member]
Major Funded And Unfunded Defined Benefit Plans With Accumulated Benefit Obligation In Excess Of Plan Assets [Line Items]
Projected benefit obligation	524	623
Accumulated benefit obligation	516	613
Fair value of plan assets	$ 412	$ 471

XML

Note 16 - Amounts Recognized in Accumulated Other Comprehensive Loss For All Major Funded and Unfunded Defined Benefit Plans (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
UNITED STATES
Amounts Recognized In Accumulated Other Comprehensive Loss For All Major Funded And Unfunded Defined Benefit Plans [Line Items]
Prior service credit	$ 50	$ 58
Net actuarial loss	(285)	(159)
Total	(235)	(101)
Non-U.S. [Member]
Amounts Recognized In Accumulated Other Comprehensive Loss For All Major Funded And Unfunded Defined Benefit Plans [Line Items]
Prior service credit	4	4
Net actuarial loss	(6)	(32)
Total	$ (2)	$ (28)

XML

Note 16 - Changes in Plan Assets and Benefit Recognized in Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions		4 Months Ended	8 Months Ended	12 Months Ended
		Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Successor [Member]
Changes In Plan Assets And Benefit Recognized In Other Comprehensive Income Loss [Line Items]
Newly established (loss) gain		$ (95)		$ 88	$ 278
Newly established prior service credit		(6)		(4)	(61)
Amortization of:
Prior service (credit) cost	[1]			(8)	(3)
Successor [Member] | UNITED STATES
Changes In Plan Assets And Benefit Recognized In Other Comprehensive Income Loss [Line Items]
Newly established (loss) gain		97		(126)	(255)
Newly established prior service credit					61
Amortization of:
Prior service (credit) cost				(8)	(3)
Net loss (gain) recognized in expense due to settlements		(11)			10
Total Income (loss) recognized in Other comprehensive income before fresh start accounting		86		(134)	(187)
Successor [Member] | Non-U.S. [Member]
Changes In Plan Assets And Benefit Recognized In Other Comprehensive Income Loss [Line Items]
Newly established (loss) gain		8		25	(46)
Newly established prior service credit		6
Amortization of:
Net actuarial loss				2
Transfers					1
Total Income (loss) recognized in Other comprehensive income before fresh start accounting		$ 14		$ 27	$ (45)
Predecessor [Member]
Changes In Plan Assets And Benefit Recognized In Other Comprehensive Income Loss [Line Items]
Newly established (loss) gain			$ (393)
Amortization of:
Prior service (credit) cost	[1]		(75)
Predecessor [Member] | UNITED STATES
Changes In Plan Assets And Benefit Recognized In Other Comprehensive Income Loss [Line Items]
Newly established (loss) gain			80
Amortization of:
Prior service (credit) cost			1
Net actuarial loss			120
Prior service cost recognized due to curtailment			1
Net curtailment gain not recognized in expense			20
Total Income (loss) recognized in Other comprehensive income before fresh start accounting			222
Effect of application of fresh start accounting			1,955
Predecessor [Member] | Non-U.S. [Member]
Changes In Plan Assets And Benefit Recognized In Other Comprehensive Income Loss [Line Items]
Newly established (loss) gain			78
Amortization of:
Net actuarial loss			55
Prior service cost recognized due to curtailment			1
Net curtailment gain not recognized in expense			7
Net loss (gain) recognized in expense due to settlements			1,542
Total Income (loss) recognized in Other comprehensive income before fresh start accounting			1,683
Effect of application of fresh start accounting			$ 418

[1] Reclassified to Pension (income) expense - refer to Note 16, "Retirement Plans" and Note 17, "Other Postretirement Benefits" for additional information.

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Note 16 - Pension (Income) Expense From Continuing Operations For All Defined Benefit Plans (Details) - USD ($) $ in Millions	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Amortization of:
Special termination benefits			$ (9)	$ (8)
UNITED STATES
Major defined benefit plans:
Service cost			17	18
Interest cost			148	176
Amortization of:
Actuarial (gain) loss			(35)	567
Special termination benefits			(9)	(8)
Non-U.S. [Member]
Major defined benefit plans:
Service cost			3	4
Interest cost			17	30
Amortization of:
Actuarial (gain) loss			(24)	119
Successor [Member] | UNITED STATES
Major defined benefit plans:
Service cost	$ 7		17	18
Interest cost	67		148	176
Expected return on plan assets	(122)		(272)	(295)
Amortization of:
Prior service credit			(8)	(3)
Pension (income) expense before special termination benefits, curtailments and settlements	(48)		(115)	(104)
Special termination benefits			9	8
Settlement (gains) losses	(11)			10
Net pension (income) expense for major defined benefit plans	(59)		(106)	(86)
Net pension (income) expense	(59)		(106)	(86)
Successor [Member] | Non-U.S. [Member]
Major defined benefit plans:
Service cost	2		3	4
Interest cost	10		17	30
Expected return on plan assets	(14)		(30)	(38)
Amortization of:
Actuarial (gain) loss			2
Pension (income) expense before special termination benefits, curtailments and settlements	(2)		(8)	(4)
Curtailment (gains) losses	(1)
Net pension (income) expense for major defined benefit plans	(3)		(8)	(4)
Other plans including unfunded plans			4	8
Net pension (income) expense	$ (3)		$ (4)	$ 4
Predecessor [Member] | UNITED STATES
Major defined benefit plans:
Service cost		$ 19
Interest cost		120
Expected return on plan assets		(236)
Amortization of:
Prior service credit		1
Actuarial (gain) loss		120
Pension (income) expense before special termination benefits, curtailments and settlements		24
Curtailment (gains) losses		1
Net pension (income) expense for major defined benefit plans		25
Other plans including unfunded plans		4
Net pension (income) expense		29
Predecessor [Member] | Non-U.S. [Member]
Major defined benefit plans:
Service cost		6
Interest cost		95
Expected return on plan assets		(105)
Amortization of:
Actuarial (gain) loss		55
Pension (income) expense before special termination benefits, curtailments and settlements		51
Curtailment (gains) losses		1
Settlement (gains) losses		114
Net pension (income) expense for major defined benefit plans		166
Other plans including unfunded plans		19
Net pension (income) expense		$ 185

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Note 16 - Weighted-average Assumptions Used to Determine Benefit Obligation Amounts (Details)	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Aug. 31, 2013
Successor [Member] | UNITED STATES
Weighted Average Assumptions Used To Determine Benefit Obligation Amounts [Line Items]
Discount rate	3.89%	3.50%	4.50%
Salary increase rate	3.37%	3.34%	3.37%
Successor [Member] | Non-U.S. [Member]
Weighted Average Assumptions Used To Determine Benefit Obligation Amounts [Line Items]
Discount rate	2.50%	2.09%	3.40%
Salary increase rate	1.91%	1.95%	2.74%
Predecessor [Member] | UNITED STATES
Weighted Average Assumptions Used To Determine Benefit Obligation Amounts [Line Items]
Discount rate				4.25%
Salary increase rate				3.39%
Predecessor [Member] | Non-U.S. [Member]
Weighted Average Assumptions Used To Determine Benefit Obligation Amounts [Line Items]
Discount rate				3.33%
Salary increase rate				2.77%

XML

Note 16 - Weighted-average Assumptions Used to Determine Net Pension (Income) Expenses (Details)	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Successor [Member] | UNITED STATES
Weighted Average Assumptions Used To Determine Net Pension Income Expenses [Line Items]
Discount rate	4.25%		3.50%	4.19%
Salary increase rate	3.39%		3.34%	3.37%
Expected long-term rate of return on plan assets	8.20%		7.40%	7.63%
Successor [Member] | Non-U.S. [Member]
Weighted Average Assumptions Used To Determine Net Pension Income Expenses [Line Items]
Discount rate	3.33%		2.09%	3.34%
Salary increase rate	2.77%		1.95%	2.62%
Expected long-term rate of return on plan assets	5.54%		4.69%	4.93%
Predecessor [Member] | UNITED STATES
Weighted Average Assumptions Used To Determine Net Pension Income Expenses [Line Items]
Discount rate		3.52%
Salary increase rate		3.40%
Expected long-term rate of return on plan assets		8.12%
Predecessor [Member] | Non-U.S. [Member]
Weighted Average Assumptions Used To Determine Net Pension Income Expenses [Line Items]
Discount rate		3.63%
Salary increase rate		2.79%
Expected long-term rate of return on plan assets		6.66%

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Note 16 - Weighted-average Asset Allocation By Assets Category (Details)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Major US Plans [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations	100.00%	100.00%
Major US Plans [Member] | Equity Securities [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations	15.00%	15.00%
Major US Plans [Member] | Equity Securities [Member] | Minimum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	12.00%
Major US Plans [Member] | Equity Securities [Member] | Maximum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	18.00%
Major US Plans [Member] | Debt Securities [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations	35.00%	35.00%
Major US Plans [Member] | Debt Securities [Member] | Minimum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	32.00%
Major US Plans [Member] | Debt Securities [Member] | Maximum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	38.00%
Major US Plans [Member] | Real Estate [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations	3.00%	3.00%
Major US Plans [Member] | Real Estate [Member] | Minimum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	2.00%
Major US Plans [Member] | Real Estate [Member] | Maximum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	8.00%
Major US Plans [Member] | Cash and Cash Equivalents [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations	1.00%	3.00%
Major US Plans [Member] | Cash and Cash Equivalents [Member] | Minimum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	0.00%
Major US Plans [Member] | Cash and Cash Equivalents [Member] | Maximum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	6.00%
Major US Plans [Member] | Global Balanced Asset Allocation Funds [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations	13.00%	14.00%
Major US Plans [Member] | Global Balanced Asset Allocation Funds [Member] | Minimum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	10.00%
Major US Plans [Member] | Global Balanced Asset Allocation Funds [Member] | Maximum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	20.00%
Major US Plans [Member] | Other Assets [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations	33.00%	30.00%
Major US Plans [Member] | Other Assets [Member] | Minimum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	25.00%
Major US Plans [Member] | Other Assets [Member] | Maximum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	35.00%
Major Non-U.S. Plans [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations	100.00%	100.00%
Major Non-U.S. Plans [Member] | Equity Securities [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations	3.00%	6.00%
Major Non-U.S. Plans [Member] | Equity Securities [Member] | Minimum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	0.00%
Major Non-U.S. Plans [Member] | Equity Securities [Member] | Maximum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations		10.00%
Major Non-U.S. Plans [Member] | Debt Securities [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations	35.00%	27.00%
Major Non-U.S. Plans [Member] | Debt Securities [Member] | Minimum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	28.00%
Major Non-U.S. Plans [Member] | Debt Securities [Member] | Maximum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations		38.00%
Major Non-U.S. Plans [Member] | Real Estate [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations	0.00%	1.00%
Major Non-U.S. Plans [Member] | Real Estate [Member] | Minimum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	0.00%
Major Non-U.S. Plans [Member] | Real Estate [Member] | Maximum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations		5.00%
Major Non-U.S. Plans [Member] | Cash and Cash Equivalents [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations	3.00%	4.00%
Major Non-U.S. Plans [Member] | Cash and Cash Equivalents [Member] | Minimum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	0.00%
Major Non-U.S. Plans [Member] | Cash and Cash Equivalents [Member] | Maximum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations		10.00%
Major Non-U.S. Plans [Member] | Global Balanced Asset Allocation Funds [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations	6.00%	11.00%
Major Non-U.S. Plans [Member] | Global Balanced Asset Allocation Funds [Member] | Minimum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	0.00%
Major Non-U.S. Plans [Member] | Global Balanced Asset Allocation Funds [Member] | Maximum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations		10.00%
Major Non-U.S. Plans [Member] | Other Assets [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Asset allocations	53.00%	51.00%
Major Non-U.S. Plans [Member] | Other Assets [Member] | Minimum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations	50.00%
Major Non-U.S. Plans [Member] | Other Assets [Member] | Maximum [Member]
Weighted Average Asset Allocation By Assets Category [Line Items]
Target asset allocations		60.00%

XML

Note 16 - Fair Value Measurement of Plan Assets (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Major US Plans [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	$ 3,793	$ 4,160
Major US Plans [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	7	51
Major US Plans [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	382	442
Major US Plans [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	58	69
Major US Plans [Member] | Measured at NAV [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	3,346	3,598
Major US Plans [Member] | Cash and Cash Equivalents [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	34	115
Major US Plans [Member] | Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	2	1
Major US Plans [Member] | Cash and Cash Equivalents [Member] | Measured at NAV [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	32	114
Major US Plans [Member] | Equity Securities [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	571	632
Major US Plans [Member] | Equity Securities [Member] | Measured at NAV [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	571	632
Major US Plans [Member] | Government Bonds [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	924	989
Major US Plans [Member] | Government Bonds [Member] | Measured at NAV [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	924	989
Major US Plans [Member] | Investment Grade Bonds [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	382	442
Major US Plans [Member] | Investment Grade Bonds [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	382	442
Major US Plans [Member] | Real Estate [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	130	139
Major US Plans [Member] | Real Estate [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	34	41
Major US Plans [Member] | Real Estate [Member] | Measured at NAV [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	96	98
Major US Plans [Member] | Global Balanced Asset Allocation Funds [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	492	587
Major US Plans [Member] | Global Balanced Asset Allocation Funds [Member] | Measured at NAV [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	492	587
Major US Plans [Member] | Absolute Return [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	487	426
Major US Plans [Member] | Absolute Return [Member] | Measured at NAV [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	487	426
Major US Plans [Member] | Private Equity Funds [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	768	780
Major US Plans [Member] | Private Equity Funds [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	24	28
Major US Plans [Member] | Private Equity Funds [Member] | Measured at NAV [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	744	752
Major US Plans [Member] | Derivatives with Unrealized Gains [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	5	50
Major US Plans [Member] | Derivatives with Unrealized Gains [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	5	50
Major Non-U.S. Plans [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	728	795
Major Non-U.S. Plans [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	5	7
Major Non-U.S. Plans [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	407	431
Major Non-U.S. Plans [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets		69	$ 101
Major Non-U.S. Plans [Member] | Measured at NAV [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	316	357
Major Non-U.S. Plans [Member] | Cash and Cash Equivalents [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	21	36
Major Non-U.S. Plans [Member] | Cash and Cash Equivalents [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	5	4
Major Non-U.S. Plans [Member] | Cash and Cash Equivalents [Member] | Measured at NAV [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	16	32
Major Non-U.S. Plans [Member] | Equity Securities [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	22	46
Major Non-U.S. Plans [Member] | Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	6	8
Major Non-U.S. Plans [Member] | Equity Securities [Member] | Measured at NAV [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	16	38
Major Non-U.S. Plans [Member] | Government Bonds [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	156	153
Major Non-U.S. Plans [Member] | Government Bonds [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	39	39
Major Non-U.S. Plans [Member] | Government Bonds [Member] | Measured at NAV [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	117	114
Major Non-U.S. Plans [Member] | Investment Grade Bonds [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	90	37
Major Non-U.S. Plans [Member] | Investment Grade Bonds [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	45	37
Major Non-U.S. Plans [Member] | Investment Grade Bonds [Member] | Measured at NAV [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	45
Major Non-U.S. Plans [Member] | Real Estate [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	2	2
Major Non-U.S. Plans [Member] | Real Estate [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	2	2
Major Non-U.S. Plans [Member] | Real Estate [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets		41	47
Major Non-U.S. Plans [Member] | Global Balanced Asset Allocation Funds [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	47	91
Major Non-U.S. Plans [Member] | Global Balanced Asset Allocation Funds [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets		1
Major Non-U.S. Plans [Member] | Global Balanced Asset Allocation Funds [Member] | Measured at NAV [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	47	90
Major Non-U.S. Plans [Member] | Absolute Return [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	12	11
Major Non-U.S. Plans [Member] | Absolute Return [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	4	4
Major Non-U.S. Plans [Member] | Absolute Return [Member] | Measured at NAV [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	8	7
Major Non-U.S. Plans [Member] | Private Equity Funds [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	61	56
Major Non-U.S. Plans [Member] | Private Equity Funds [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets		28	$ 54
Major Non-U.S. Plans [Member] | Private Equity Funds [Member] | Measured at NAV [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	61	56
Major Non-U.S. Plans [Member] | Derivatives with Unrealized Gains [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	2	5
Major Non-U.S. Plans [Member] | Derivatives with Unrealized Gains [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	2	5
Major Non-U.S. Plans [Member] | Inflation Linked Bonds [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	3	9
Major Non-U.S. Plans [Member] | Inflation Linked Bonds [Member] | Measured at NAV [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	3	9
Major Non-U.S. Plans [Member] | Global High Yield and Emerging Market Debt [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	3	11
Major Non-U.S. Plans [Member] | Global High Yield and Emerging Market Debt [Member] | Measured at NAV [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	3	11
Major Non-U.S. Plans [Member] | Insurance Contracts [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	311	340
Major Non-U.S. Plans [Member] | Insurance Contracts [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	311	340
Major Non-U.S. Plans [Member] | Derivatives with Unrealized Losses [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	(2)	(2)
Major Non-U.S. Plans [Member] | Derivatives with Unrealized Losses [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value Measurement Of Plan Assets [Line Items]
Fair Value of Plan Assets	$ (2)	$ (2)

XML

Note 16 - Reconciliation of Beginning and Ending Balances of Assets Measured With Significant Unobservable Inputs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Major US Plans [Member]
Reconciliation Of Assets Measured With Significant Unobservable Inputs [Line Items]
Fair value of plan assets at beginning of period	$ 4,160
Fair value of plan assets at end of period	3,793	$ 4,160
Major US Plans [Member] | Fair Value, Inputs, Level 3 [Member]
Reconciliation Of Assets Measured With Significant Unobservable Inputs [Line Items]
Fair value of plan assets at beginning of period	69
Net Realized and Unrealized Gains/(Losses)	7
Net Purchases and Sales	(18)
Fair value of plan assets at end of period	58	69
Major US Plans [Member] | Real Estate [Member]
Reconciliation Of Assets Measured With Significant Unobservable Inputs [Line Items]
Fair value of plan assets at beginning of period	139
Fair value of plan assets at end of period	130	139
Major US Plans [Member] | Real Estate [Member] | Fair Value, Inputs, Level 3 [Member]
Reconciliation Of Assets Measured With Significant Unobservable Inputs [Line Items]
Fair value of plan assets at beginning of period	41
Net Realized and Unrealized Gains/(Losses)	6
Net Purchases and Sales	(13)
Fair value of plan assets at end of period	34	41
Major US Plans [Member] | Private Equity Funds [Member]
Reconciliation Of Assets Measured With Significant Unobservable Inputs [Line Items]
Fair value of plan assets at beginning of period	780
Fair value of plan assets at end of period	768	780
Major US Plans [Member] | Private Equity Funds [Member] | Fair Value, Inputs, Level 3 [Member]
Reconciliation Of Assets Measured With Significant Unobservable Inputs [Line Items]
Fair value of plan assets at beginning of period	28
Net Realized and Unrealized Gains/(Losses)	1
Net Purchases and Sales	(5)
Fair value of plan assets at end of period	24	28
Major Non-U.S. Plans [Member]
Reconciliation Of Assets Measured With Significant Unobservable Inputs [Line Items]
Fair value of plan assets at beginning of period	795
Fair value of plan assets at end of period	728	795
Major Non-U.S. Plans [Member] | Fair Value, Inputs, Level 3 [Member]
Reconciliation Of Assets Measured With Significant Unobservable Inputs [Line Items]
Fair value of plan assets at beginning of period	69	101
Net Realized and Unrealized Gains/(Losses)		(12)
Net Purchases and Sales		(20)
Fair value of plan assets at end of period		69
Major Non-U.S. Plans [Member] | Real Estate [Member]
Reconciliation Of Assets Measured With Significant Unobservable Inputs [Line Items]
Fair value of plan assets at beginning of period	2
Fair value of plan assets at end of period	2	2
Major Non-U.S. Plans [Member] | Real Estate [Member] | Fair Value, Inputs, Level 3 [Member]
Reconciliation Of Assets Measured With Significant Unobservable Inputs [Line Items]
Fair value of plan assets at beginning of period	41	47
Net Purchases and Sales		(6)
Fair value of plan assets at end of period		41
Major Non-U.S. Plans [Member] | Private Equity Funds [Member]
Reconciliation Of Assets Measured With Significant Unobservable Inputs [Line Items]
Fair value of plan assets at beginning of period	56
Fair value of plan assets at end of period	61	56
Major Non-U.S. Plans [Member] | Private Equity Funds [Member] | Fair Value, Inputs, Level 3 [Member]
Reconciliation Of Assets Measured With Significant Unobservable Inputs [Line Items]
Fair value of plan assets at beginning of period	$ 28	54
Net Realized and Unrealized Gains/(Losses)		(12)
Net Purchases and Sales		(14)
Fair value of plan assets at end of period		$ 28

XML

Note 16 - Pension Benefit Payments Which Reflects Future Services Expected to Be Paid From the Plans (Details) $ in Millions	Dec. 31, 2015 USD ($)
Pension Benefit Payments Which Reflects Future Services Expected To Be Paid From Plans [Line Items]
2016	$ 5
Major US Plans [Member]
Pension Benefit Payments Which Reflects Future Services Expected To Be Paid From Plans [Line Items]
2016	357
2017	341
2018	331
2019	321
2020	311
2021-2025	1,401
Major Non-U.S. Plans [Member]
Pension Benefit Payments Which Reflects Future Services Expected To Be Paid From Plans [Line Items]
2016	47
2017	47
2018	46
2019	46
2020	45
2021-2025	$ 214

XML

Note 17 - Changes in the Company's Benefit Obligation and Funded Status (Details) - Other Postretirement Benefit Plans [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Changes in the Company's Benefit Obligation and Funded Status [Line Items]
Projected benefit obligation at beginning of period	$ 86	$ 95
Interest cost	3	4
Plan participants’ contributions	7	9
Actuarial (gain) loss	(8)	2
Benefit payments	(12)	(18)
Currency adjustments	2	(6)
Projected benefit obligation at end of period	78	86
Underfunded status at end of period	$ (78)	$ (86)

XML

Note 17 - Amounts Recognized in the Consolidated Statement of Financial Position (Details) - Other Postretirement Benefit Plans [Member] - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Amounts Recognized In Consolidated Statement Of Financial Position [Line Items]
Other benefit plan liabilities	$ (78)	$ (86)
Other Current Liabilities [Member]
Amounts Recognized In Consolidated Statement Of Financial Position [Line Items]
Other benefit plan liabilities	(5)	(8)
Pension and Other Postretirement Liabilities [Member]
Amounts Recognized In Consolidated Statement Of Financial Position [Line Items]
Other benefit plan liabilities	$ (73)	$ (78)

XML

Note 17 - Amounts Recognized in Accumulated Other Comprehensive Loss (Details) - Other Postretirement Benefit Plans [Member] $ in Millions	Dec. 31, 2015 USD ($)
Amounts Recognized In Accumulated Other Comprehensive Loss [Line Items]
Net actuarial gain	$ (8)
Total recorded in Accumulated other comprehensive income	$ (8)

XML

Note 17 - Changes in Benefit Obligations Recognized in Other Comprehensive (Loss) Income (Details) - Other Postretirement Benefit Plans [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Changes In Benefit Obligations Recognized In Other Comprehensive Loss Income [Line Items]
Newly established loss	$ (8)	$ (2)
Total loss recognized in Other comprehensive (loss) income	$ (8)	$ (2)

XML

Note 17 - Other Post Retirement Benefit Cost from Continuing Operations (Details) - Other Postretirement Benefit Plans [Member] - USD ($) $ in Millions	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Components of net postretirement benefit cost:
Interest cost			$ (3)	$ (4)
Successor [Member]
Components of net postretirement benefit cost:
Interest cost	$ 1		3	4
Amortization of:
Net pension (income) expense	$ 1		$ 3	$ 4
Predecessor [Member]
Components of net postretirement benefit cost:
Interest cost		$ 3
Amortization of:
Prior service credit		(75)
Actuarial loss		3
Net pension (income) expense		$ (69)

XML

Note 17 - Weighted-average Assumptions Used to Determine the Net Benefit Obligations (Details) - Other Postretirement Benefit Plans [Member]	Dec. 31, 2015	Dec. 31, 2014
Weighted Average Assumptions Used To Determine Net Benefit Obligations [Line Items]
Discount rate	3.60%	3.49%
Salary increase rate	1.80%	2.60%

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Note 17 - Weighted-average Assumption Used to Determine Net Post-retirement Benefit Cost (Details) - Other Postretirement Benefit Plans [Member]	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Successor [Member]
Weighted Average Assumption Used To Determine Net Postretirement Benefit Cost [Line Items]
Discount rate	4.09%		3.49%	4.28%
Salary increase rate	2.50%		2.60%	2.50%
Predecessor [Member]
Weighted Average Assumption Used To Determine Net Postretirement Benefit Cost [Line Items]
Discount rate		3.23%
Salary increase rate		2.50%

XML

Note 17 - Weighted-average Assumed Healthcare Cost Trend Rates Used to Compute Other Post-retirement Amounts (Details) - Other Postretirement Benefit Plans [Member]	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Weighted Average Assumed Healthcare Cost Trend Rates Used To Compute Other Postretirement Amounts [Line Items]
Healthcare cost trend	5.81%	6.47%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)	4.21%	4.65%
Year that the rate reaches the ultimate trend rate	2022	2021

XML

Note 17 - Effect of One-percentage Point Change in Assumed Healthcare Cost Trend Rates (Details) - Other Postretirement Benefit Plans [Member] $ in Millions	12 Months Ended
	Dec. 31, 2015 USD ($)
Effect Of One Percentage Point Change In Assumed Healthcare Cost Trend Rates [Line Items]
Effect on postretirement benefit obligation	$ 4
Effect on postretirement benefit obligation	$ (4)

XML

Note 17 - Other Postretirement Benefits (Details Textual) $ in Millions	Dec. 31, 2015 USD ($)
Postemployment Benefits [Abstract]
Defined Benefit Plan, Expected Future Benefit Payments, Next Twelve Months	$ 5

XML

Note 17 - Other Post-retirement Benefits Which Reflects Expected Future Services Expected to Be Paid (Details) $ in Millions	Dec. 31, 2015 USD ($)
Other Postretirement Benefits Which Reflects Expected Future Services Expected To Be Paid [Line Items]
2016	$ 5
Other Postretirement Benefit Plans [Member]
Other Postretirement Benefits Which Reflects Expected Future Services Expected To Be Paid [Line Items]
2016	5
2017	5
2018	5
2019	4
2020	4
2021-2025	$ 19

XML

Note 18 - Dilutive Shares Included in Calculation of Diluted Earnings Per Share (Details) - shares shares in Millions	4 Months Ended	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Dilutive Shares Included In Calculation Of Diluted Earnings Per Share [Abstract]
Unvested share-based awards	0.2	0.2	0.1
Warrants to purchase common shares	1.7	0.3	1.5
Total	1.9	0.5	1.6

XML

Note 18 - Earnings Per Share (Details Textual) - USD ($) $ in Millions	4 Months Ended	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Employee Stock Option [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	100,000	100,000
Convertible Debt Securities [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Aggregate Principal Amount of Convertible Security Convertible Senior Notes (in Dollars)	$ 400

XML

Note 18 - Antidilutive Employee Stock Options and Detachable Warrants (Details) - Predecessor [Member] shares in Millions	8 Months Ended
	Aug. 31, 2013 shares
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities (in shares)	47.0
Unvested Share-based Awards [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities (in shares)	7.0
Warrant [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities (in shares)	40.0

XML

Note 19 - Stock-based Compensation (Details Textual) - USD ($)		4 Months Ended	8 Months Ended	12 Months Ended
	Sep. 03, 2013	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Stock Based Compensation [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	5 years
Successor [Member] | Omnibus Incentive Plan 2013 [Member]
Stock Based Compensation [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period				7 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				3 years
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares)				4,800,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in Shares)				2,000,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Maximum Cash Payment Per Employee				$ 2,500,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Maximum Fair Value of Awards Per Non-Employee Director				900,000
Allocated Share-based Compensation Expense				$ 4,000,000	$ 1,000,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized					$ 5,000,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition				1 year 7 months 6 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value				$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period (in Shares)				0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share)				$ 5.94	$ 7.74
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value				$ 2,000,000	$ 0
Successor [Member] | Omnibus Incentive Plan 2013 [Member] | Stock Options and Stock Appreciation Rights [Member]
Stock Based Compensation [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Per Employee (in Shares)				2,000,000
Successor [Member] | Omnibus Incentive Plan 2013 [Member] | Performance Shares [Member]
Stock Based Compensation [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Per Employee (in Shares)				1,000,000
Allocated Share-based Compensation Expense				$ 5,000,000
Successor [Member] | Omnibus Incentive Plan 2013 [Member] | Unvested Restricted Stock Awards [Member]
Stock Based Compensation [Line Items]
Allocated Share-based Compensation Expense		$ 1,000,000		7,000,000	$ 7,000,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized				$ 6,000,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition				1 year 6 months
Predecessor [Member]
Stock Based Compensation [Line Items]
Allocated Share-based Compensation Expense			$ 3,000,000
Minimum [Member] | Successor [Member] | Omnibus Incentive Plan 2013 [Member]
Stock Based Compensation [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent				100.00%

XML

Note 19 - Restricted Stock Unit Activity (Details) - Restricted Stock Units (RSUs) [Member]	12 Months Ended
	Dec. 31, 2015 $ / shares shares
Restricted Stock Unit Activity [Line Items]
Outstanding | shares	685,430
Granted | shares	387,187
Vested | shares	(237,957)
Forfeited | shares	(60,115)
Outstanding | shares	774,545
Outstanding | $ / shares	$ 22.15
Granted | $ / shares	14.86
Vested | $ / shares	21.73
Forfeited | $ / shares	15.74
Outstanding | $ / shares	$ 19.13

XML

Note 19 - Stock Option Activity (Details)	12 Months Ended
	Dec. 31, 2015 $ / shares shares
Stock Option Activity [Abstract]
Shares Under Option, Outstanding | shares	781,321
Granted | shares	783,476
Forfeited | shares	(44,002)
Shares Under Option, Outstanding | shares	1,520,795
Exercisable on December 31, 2015 | shares	273,205
Expected to vest December 31, 2015 | shares	1,247,590
Weighted Average Exercise Price Per Share, Outstanding | $ / shares	$ 22.56
Granted | $ / shares	15.31
Forfeited | $ / shares	20.25
Weighted Average Exercise Price Per Share, Outstanding | $ / shares	18.89
Exercisable on December 31, 2015 | $ / shares	22.61
Expected to vest December 31, 2015 | $ / shares	$ 18.08
Weighted Average Remaining Contractual Life, Outstanding	6 years 2 months 1 day
Exercisable on December 31, 2015	5 years 8 months 23 days
Expected to vest December 31, 2015	6 years 3 months 7 days

XML

Note 19 - Share-based Payment Award, Stock Options, Valuation Assumptions (Details) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Share Based Payment Award Stock Options Valuation Assumptions [Abstract]
Weighted-average fair value of options granted (in Dollars per share)	$ 5.94	$ 7.74
Weighted-average risk-free interest rate	1.46%	1.46%
Range of risk-free interest rates	1.26%	1.39%
Range of risk-free interest rates	1.60%	1.51%
Weighted-average expected option lives (years)	4 years 6 months	4 years 6 months
Expected option lives (years)	4 years 6 months	4 years 6 months
Weighted-average volatility	46.00%	39.00%
Range of expected volatilities	40.00%	36.00%
Range of expected volatilities	49.00%	42.00%
Weighted-average expected dividend yield	0.00%	0.00%

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Note 20 - Shareholders' Equity (Details Textual) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Sep. 03, 2013
Shareholders Equity [Line Items]
Stock Authorized	560,000,000
Common Stock, Shares Authorized	500,000,000
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	60,000,000
Preferred Stock, No Par Value	$ 0	$ 0
Common Stock, Shares, Outstanding	42,000,000	41,900,000
Preferred Stock, Shares Outstanding	0	0
Preferred Stock, Shares Issued	0	0
Warrants Issued Fair Value			$ 24
Class of Warrant or Right, Outstanding	3,600,000
Stock Repurchased During Period, Value	$ 1	$ 1
Treasury Stock, Shares	300,000	200,000
Range 1 [Member] | Holders of General Unsecured and Retiree Committee Unsecured Claims [Member]
Shareholders Equity [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	2,100,000
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 14.93
Range 2 [Member] | Holders of General Unsecured and Retiree Committee Unsecured Claims [Member]
Shareholders Equity [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	2,100,000
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 16.12

XML

Note 21 - Changes in Other Comprehensive (Loss) Income, by Component (Details) - USD ($) $ in Millions		4 Months Ended	8 Months Ended	12 Months Ended
		Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Successor [Member]
Other Comprehensive (Loss) Income [Line Items]
Currency translation adjustments		$ 1		$ (35)	$ (33)
Reclassification adjustment for losses included in Other charges (net), before tax				2
Reclassification adjustment for losses included in Other charges (net), net of tax				2
Newly established prior service credit		6		4	61
Newly established net actuarial (loss) gain		95		(88)	(278)
Tax (benefit) provision		(3)		(5)	7
Newly established prior service credit and net actuarial (loss) gain, net of tax		98		(89)	(210)
Amortization of prior service credit	[1]			(8)	(3)
Amortization of actuarial (gains) losses	[1]			(2)	1
Recognition of losses due to settlements and curtailments	[1]			1	10
Total reclassification adjustments				(9)	8
Reclassification adjustments, net of tax				(9)	8
Pension and other postretirement benefit plan changes, net of tax		98		(98)	(202)
Total other comprehensive income		$ 99		$ (131)	$ (235)
Predecessor [Member]
Other Comprehensive (Loss) Income [Line Items]
Currency translation adjustments			$ 4
Newly established net actuarial (loss) gain			393
Tax (benefit) provision			(14)
Newly established prior service credit and net actuarial (loss) gain, net of tax			379
Amortization of prior service credit	[1]		(75)
Amortization of actuarial (gains) losses	[1]		185
Recognition of losses due to settlements and curtailments	[1]		1,563
Total reclassification adjustments			1,673
Tax (provision)			(448)
Reclassification adjustments, net of tax			1,225
Pension and other postretirement benefit plan changes, net of tax			1,604
Total other comprehensive income			$ 1,608

[1] Reclassified to Pension (income) expense - refer to Note 16, "Retirement Plans" and Note 17, "Other Postretirement Benefits" for additional information.

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Note 22 - Components of Accumulated Other Comprehensive (Loss) Income (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]
Currency translation adjustments	$ (67)	$ (32)
Available for sale securities	2
Pension and other postretirement benefit plan changes	(202)	(104)
Ending balance	$ (267)	$ (136)

XML

Note 23 - Segment Information (Details Textual)	3 Months Ended	12 Months Ended
	Sep. 30, 2015 USD ($)	Dec. 31, 2015 USD ($) a
Other Income [Member]
Segment Information [Line Items]
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	$ 3,000,000	$ 3,000,000
Eastman Business Park Rochester NY [Member]
Segment Information [Line Items]
Number of Reportable Segments		7
Area of Real Estate Property | a		1,200
Manufacturing Costs		$ 0

XML

Note 23 - Revenues and Earnings Loss from Continuing Operations (Details) - USD ($) $ in Millions		4 Months Ended	8 Months Ended	12 Months Ended
		Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
Segment Reporting Information [Line Items]
Restructuring costs and other			$ (52)
Intangible asset amortization		$ 7	8	$ 21		$ 21
Restructuring-related depreciation			4
Successor [Member]
Segment Reporting Information [Line Items]
Revenues		782		1,709	[1]	2,046	[1]	$ 782	[1]
Earnings losses Before Interest, Taxes, Depreciation, and Amortization				171		239		87
Depreciation and amortization		(75)		(145)		(199)
Restructuring costs and other		(17)		(37)		(56)
Other operating (expense) income, net excluding gain related to Unipixel termination		(2)		(2)		(9)
Interest expense		(22)		(63)		(62)
Other charges, net		10		(21)		(21)
Reorganization items, net		(16)		(5)		(13)
Earnings (loss) from continuing operations before income taxes		(55)		2		(49)
Depreciation expense		66		113		170
Restructuring-related depreciation		0		8		2
Successor [Member] | Continuing Operations [Member]
Segment Reporting Information [Line Items]
Revenues		782		1,709		2,046
Depreciation and amortization				(134)		(191)		(73)
Corporate components of pension and OPEB income	[2]			133		110		67
Restructuring costs and other				(37)		(56)		(17)
Overhead supporting, but not directly absorbed by discontinued operations	[3]			(21)		(30)		(16)
Stock-based compensation				(17)		(8)		(1)
Change in U.S. vacation benefits	[4]			16
Consulting and other costs	[5]			(14)		(7)		(2)
Idle costs	[6]			(3)		(4)
Manufacturing costs originally planned to be absorbed by silver halide touch screen production	[7]			(2)		(1)
Fresh start adjustments								(74)
Other operating (expense) income, net excluding gain related to Unipixel termination	[8]			(5)		(9)		(2)
Interest expense	[9]			(63)		(62)		(22)
Other charges, net	[9]			(21)		(21)		10
Reorganization items, net	[9]			(5)		(13)		(16)
Earnings (loss) from continuing operations before income taxes				2		(49)		(55)
Intangible asset amortization				21		21		7
Depreciation expense				89		153		61
Restructuring-related depreciation				8		2
Consolidated total				113		170		66
Successor [Member] | Continuing Operations [Member] | Print Systems [Member]
Segment Reporting Information [Line Items]
Revenues		485		1,106		1,257
Intangible asset amortization				9		9		3
Depreciation expense				39		51		19
Successor [Member] | Continuing Operations [Member] | Print Systems [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings losses Before Interest, Taxes, Depreciation, and Amortization				99		94		38
Successor [Member] | Continuing Operations [Member] | Micro 3D Printing and Packaging [Member]
Segment Reporting Information [Line Items]
Revenues		42		128		130
Intangible asset amortization				9		9		3
Depreciation expense				6		8		3
Successor [Member] | Continuing Operations [Member] | Micro 3D Printing and Packaging [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings losses Before Interest, Taxes, Depreciation, and Amortization	[7]			11
Successor [Member] | Continuing Operations [Member] | Software and Solutions [Member]
Segment Reporting Information [Line Items]
Revenues		39		112		108
Intangible asset amortization				2		2		1
Depreciation expense				1		2		1
Successor [Member] | Continuing Operations [Member] | Software and Solutions [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings losses Before Interest, Taxes, Depreciation, and Amortization				9		3		(1)
Successor [Member] | Continuing Operations [Member] | Consumer and Film [Member]
Segment Reporting Information [Line Items]
Revenues		147		265		352
Intangible asset amortization				1		1
Depreciation expense				30		65		23
Successor [Member] | Continuing Operations [Member] | Consumer and Film [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings losses Before Interest, Taxes, Depreciation, and Amortization				52		66		34
Successor [Member] | Continuing Operations [Member] | Enterprise Inkjet Systems [Member]
Segment Reporting Information [Line Items]
Revenues		53		84		115
Depreciation expense				5		8		4
Successor [Member] | Continuing Operations [Member] | Enterprise Inkjet Systems [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings losses Before Interest, Taxes, Depreciation, and Amortization				20		35		14
Successor [Member] | Continuing Operations [Member] | Intellectual Property Solutions [Member]
Segment Reporting Information [Line Items]
Revenues		9		1		70
Depreciation expense				2		8		4
Successor [Member] | Continuing Operations [Member] | Intellectual Property Solutions [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings losses Before Interest, Taxes, Depreciation, and Amortization				(22)		40		(2)
Successor [Member] | Continuing Operations [Member] | Eastman Business Park Rochester NY [Member]
Segment Reporting Information [Line Items]
Revenues		4		13		14
Depreciation expense				6		11		7
Successor [Member] | Continuing Operations [Member] | Eastman Business Park Rochester NY [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings losses Before Interest, Taxes, Depreciation, and Amortization				2		1		4
Successor [Member] | Continuing Operations [Member] | Other Segments [Member]
Segment Reporting Information [Line Items]
Revenues		$ 3
Depreciation expense				16		15		5
Successor [Member] | Continuing Operations [Member] | Other Segments [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings losses Before Interest, Taxes, Depreciation, and Amortization				$ 4		$ 4		$ 4
Predecessor [Member]
Segment Reporting Information [Line Items]
Revenues	[1]		1,508
Earnings losses Before Interest, Taxes, Depreciation, and Amortization			157
Depreciation and amortization			(118)
Restructuring costs and other			(43)
Stock-based compensation			(3)
Other operating (expense) income, net excluding gain related to Unipixel termination			495
Loss on early extinguishment of debt, net			(8)
Interest expense			(106)
Other charges, net			(13)
Reorganization items, net			2,026
Earnings (loss) from continuing operations before income taxes			2,406
Depreciation expense			85
Restructuring-related depreciation			4
Predecessor [Member] | Continuing Operations [Member]
Segment Reporting Information [Line Items]
Revenues			1,508
Depreciation and amortization			(93)
Corporate components of pension and OPEB income	[2]		43
Restructuring costs and other			(45)
Overhead supporting, but not directly absorbed by discontinued operations	[3]		(52)
Stock-based compensation			(3)
Consulting and other costs	[5]		(1)
Idle costs	[6]		1
Other operating (expense) income, net excluding gain related to Unipixel termination	[8]		495
Loss on early extinguishment of debt, net	[9]		(8)
Interest expense	[9]		(106)
Other charges, net	[9]		(13)
Reorganization items, net	[9]		2,026
Earnings (loss) from continuing operations before income taxes			2,406
Intangible asset amortization			8
Depreciation expense			78
Restructuring-related depreciation			4
Consolidated total			85
Predecessor [Member] | Continuing Operations [Member] | Print Systems [Member]
Segment Reporting Information [Line Items]
Revenues			844
Intangible asset amortization			6
Depreciation expense			34
Predecessor [Member] | Continuing Operations [Member] | Print Systems [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings losses Before Interest, Taxes, Depreciation, and Amortization			33
Predecessor [Member] | Continuing Operations [Member] | Micro 3D Printing and Packaging [Member]
Segment Reporting Information [Line Items]
Revenues			75
Intangible asset amortization			1
Depreciation expense			4
Predecessor [Member] | Continuing Operations [Member] | Micro 3D Printing and Packaging [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings losses Before Interest, Taxes, Depreciation, and Amortization	[7]		(3)
Predecessor [Member] | Continuing Operations [Member] | Software and Solutions [Member]
Segment Reporting Information [Line Items]
Revenues			82
Intangible asset amortization			1
Depreciation expense			2
Predecessor [Member] | Continuing Operations [Member] | Software and Solutions [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings losses Before Interest, Taxes, Depreciation, and Amortization			(11)
Predecessor [Member] | Continuing Operations [Member] | Consumer and Film [Member]
Segment Reporting Information [Line Items]
Revenues			371
Depreciation expense			23
Predecessor [Member] | Continuing Operations [Member] | Consumer and Film [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings losses Before Interest, Taxes, Depreciation, and Amortization			127
Predecessor [Member] | Continuing Operations [Member] | Enterprise Inkjet Systems [Member]
Segment Reporting Information [Line Items]
Revenues			95
Depreciation expense			6
Predecessor [Member] | Continuing Operations [Member] | Enterprise Inkjet Systems [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings losses Before Interest, Taxes, Depreciation, and Amortization			29
Predecessor [Member] | Continuing Operations [Member] | Intellectual Property Solutions [Member]
Segment Reporting Information [Line Items]
Revenues			1
Depreciation expense			2
Predecessor [Member] | Continuing Operations [Member] | Intellectual Property Solutions [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings losses Before Interest, Taxes, Depreciation, and Amortization			(19)
Predecessor [Member] | Continuing Operations [Member] | Eastman Business Park Rochester NY [Member]
Segment Reporting Information [Line Items]
Revenues			4
Depreciation expense			7
Predecessor [Member] | Continuing Operations [Member] | Eastman Business Park Rochester NY [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings losses Before Interest, Taxes, Depreciation, and Amortization			1
Predecessor [Member] | Continuing Operations [Member] | Other Segments [Member]
Segment Reporting Information [Line Items]
Revenues			36
Depreciation expense			3
Predecessor [Member] | Continuing Operations [Member] | Other Segments [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Earnings losses Before Interest, Taxes, Depreciation, and Amortization			$ 5

[1] Sales are reported in the geographic area in which they originate. No non-U.S. country generated more than 10% of net sales in the years ended December 31, 2015 and December 31, 2014, four months ended December 31, 2013 or eight months ended August 31, 2013.

[2] Composed of interest cost, expected return on plan assets, amortization of actuarial gains and losses, and curtailments and settlement components of pension and other postretirement benefit expenses.

[3] Primarily consists of costs for shared resources allocated to the Prosper Enterprise Inkjet business discontinued operation in the prior year period which are now included in the results of continuing operations and an estimate of costs for shared resources which would have been allocated to the Prosper Enterprise Inkjet business discontinued operation in the current year period had the business remained in continuing operations

[4] In the fourth quarter of 2015, Kodak changed the timing of when U.S. employees earn their vacation benefits which reduced the related accrual as of December 31, 2015.

[5] Consulting and other costs are primarily related to professional services provided for corporate strategic initiatives in the current year period. The prior year periods primarily represent the cost of AlixPartners filling interim executive positions which are not captured within “Reorganization items, net” as well as consulting services provided by former executives during transitional periods.

[6] Consists of third party costs such as security, maintenance, and utilities required to maintain land and buildings in certain locations not used in any Kodak operations.

[7] Consists of manufacturing costs originally planned to be absorbed by silver halide touch screen production which are now excluded from the segment measure of profit and loss.

[8] In 2015 a $3 million gain was recognized related to assets that were acquired for no monetary consideration as a part of the termination of the relationship with Unipixel. The gain was reported in Other operating income (expense), net in the Consolidated Statement of Operations. Other operating income (expense), net is typically excluded from the segment measure. However, this particular gain was included in the Micro 3D Printing and Packaging segment’s earnings in 2015.

[9] As reported in the Consolidated Statement of Operations

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Note 23 - Revenues and Earnings Loss from Continuing Operations (Details) (Parentheticals) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2015
Other Income [Member]
Segment Reporting Information [Line Items]
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	$ 3	$ 3

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Note 23 - Revenue From External Customers and Long-Lived Assets, By Geographical Areas (Details) - USD ($) $ in Millions		4 Months Ended	8 Months Ended	12 Months Ended
		Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013		Sep. 03, 2013		Sep. 01, 2013
Revenues From External Customers And Long Lived Assets [Line Items]
Property, plant & equipment, net				$ 394		$ 501
Successor [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Sales revenue		$ 782		1,709	[1]	2,046	[1]	$ 782	[1]
Property, plant & equipment, net		684		394		501		684		$ 727		$ 727
Predecessor [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Sales revenue	[1]		$ 1,508
Property, plant & equipment, net			507							$ 507	[2]
UNITED STATES | Successor [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Sales revenue	[1]			588		728		237
Property, plant & equipment, net		378		199		253		378
UNITED STATES | Predecessor [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Sales revenue	[1]		509
EMEA [Member] | Successor [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Sales revenue	[1]			569		698		270
Property, plant & equipment, net		91		43		66		91
EMEA [Member] | Predecessor [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Sales revenue	[1]		528
Asia Pacific [Member] | Successor [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Sales revenue	[1]			376		433		200
Property, plant & equipment, net		83		74		72		83
Asia Pacific [Member] | Predecessor [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Sales revenue	[1]		322
Canada and Latin America [Member] | Successor [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Sales revenue	[1]			176		187		75
Property, plant & equipment, net		132		78		110		132
Canada and Latin America [Member] | Predecessor [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Sales revenue	[1]		149
Non-US [Member] | Successor [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Sales revenue	[1]			1,121		1,318		545
Property, plant & equipment, net	[3]	$ 306		$ 195		$ 248		$ 306
Non-US [Member] | Predecessor [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Sales revenue	[1]		$ 999

[1] Sales are reported in the geographic area in which they originate. No non-U.S. country generated more than 10% of net sales in the years ended December 31, 2015 and December 31, 2014, four months ended December 31, 2013 or eight months ended August 31, 2013.

[2] 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 27, “Discontinued Operations” for additional information.

[3] Of the total non U.S. property, plant and equipment in 2015, $64 million are located in Brazil and $58 million are located in China. Of the total non U.S. property, plant and equipment in 2014, $95 million are located in Brazil and $56 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 2015, 2014 or 2013.

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Note 23 - Revenue From External Customers and Long-Lived Assets, By Geographical Areas (Details) (Parentheticals) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues From External Customers And Long Lived Assets [Line Items]
Property, plant & equipment, net	$ 394	$ 501
BRAZIL
Revenues From External Customers And Long Lived Assets [Line Items]
Property, plant & equipment, net	64	95	$ 113
China [Member]
Revenues From External Customers And Long Lived Assets [Line Items]
Property, plant & equipment, net	$ 58	$ 56

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Note 24 - Emergence from Voluntary Reorganization under Chapter 11 Proceedings (Details) - USD ($)							1 Months Ended	3 Months Ended
	Sep. 03, 2014	May 20, 2014	Sep. 03, 2013	Aug. 23, 2013	Jul. 18, 2013	Feb. 01, 2013	Aug. 31, 2013	Dec. 31, 2012	Dec. 31, 2015	Dec. 31, 2014	Jun. 17, 2013
Reorganization [Line Items]
Stock Authorized (in Shares)									560,000,000
Preferred Stock, Shares Authorized (in Shares)									60,000,000
Preferred Stock, Par or Stated Value Per Share (in Dollars per share)									$ 0
Common Stock, Shares Authorized (in Shares)									500,000,000
Common Stock, Par or Stated Value Per Share									$ 0.01	$ 0.01
Proceeds from Issuance of Other Long-term Debt			$ 669,000,000
Payments for Administrative Priority or Secured Claims				$ 94,000,000
Stockholders Percentage of Outstanding Common Stock, Potentially Requiring Securities Offering			25.00%
Registration Rights Agreement Condition for Demanding a Shelf Registration Statement, Percentage Ownership	10.00%
Registration Rights Agreement, Condition For Demanding a Shelf Registration Statement, Minimum Aggregate Market Value	$ 75,000,000
Bankruptcy Claims, Amount of Claims Filed			$ 2,800,000,000
Bankruptcy Claims, Amount of Claims Settled			29,000,000
Litigation Settlement, Amount		$ 49,000,000	18,000,000
Percentage of Liability Above $99 Million		50.00%
Amended EBP Settlement Agreement Prior to Implementation Amount Held in Separate Trust and Escrow Account											$ 49,000,000
Other Postretirement Benefits Payments								$ 7,500,000
Debtor Reorganization Items, Provision for Expected Allowed Claims							$ 27,000,000
Unsecured Pre-Petition Claim [Member]
Reorganization [Line Items]
Bankruptcy Claims, Amount of Claims Settled						$ 70,000,000
Intellectual Property [Member]
Reorganization [Line Items]
Proceeds from Sale of Intangible Assets						$ 530,000,000
Subject To Repayment [Member]
Reorganization [Line Items]
Proceeds from Divestiture of Businesses			35,000,000
Cash Payment [Member]
Reorganization [Line Items]
Proceeds from Divestiture of Businesses			200,000,000
Administrative Claims [Member]
Reorganization [Line Items]
Bankruptcy Claims, Amount Paid to Settle Claims			15,000,000
General Unsecured Claim [Member]
Reorganization [Line Items]
Bankruptcy Claims, Amount of Claims Filed			635,000,000
Settlement Parties [Member]
Reorganization [Line Items]
Bankruptcy Claims, Amount of Claims Filed					$ 244,000,000
Paid In Cash [Member]
Reorganization [Line Items]
Proceeds from Divestiture of Businesses			525,000,000
Net Cash Considerations [Member]
Reorganization [Line Items]
Proceeds from Divestiture of Businesses			325,000,000
KPP Note [Member]
Reorganization [Line Items]
Proceeds from Divestiture of Businesses			125,000,000
Historical [Member]
Reorganization [Line Items]
Environmental Expense and Liabilities		$ 99,000,000
KPP Holdco [Member]
Reorganization [Line Items]
Proceeds from Divestiture of Businesses			$ 650,000,000
Issued To Unsecured Creditors And Backstop Parties [Member]
Reorganization [Line Items]
Stock Issued During Period, Shares, New Issues (in Shares)			34,000,000
Shares Issued, Price Per Share (in Dollars per share)			$ 11.94
Proceeds from Issuance of Common Stock			$ 406,000,000
Issued to Backstop Parties Payment for Fees [Member]
Reorganization [Line Items]
Stock Issued During Period, Shares, Issued for Services (in Shares)			1,700,000
Holders of General Unsecured and Retiree Committee Unsecured Claims [Member] | Common Stock [Member]
Reorganization [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares)			6,000,000
Holders of General Unsecured and Retiree Committee Unsecured Claims [Member] | Exercise Price of 14.93 [Member] | Common Stock [Member]
Reorganization [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares)			2,100,000
Class of Warrant or Right, Exercise Price of Warrants or Rights			$ 14.93
Holders of General Unsecured and Retiree Committee Unsecured Claims [Member] | Exercise price of 16.12 [Member] | Common Stock [Member]
Reorganization [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares)			2,100,000
Class of Warrant or Right, Exercise Price of Warrants or Rights			$ 16.12
Backstop Parties [Member]
Reorganization [Line Items]
Stockholders Percentage of Outstanding Common Stock, Potentially Requiring Securities Offering			10.00%
Minimum Aggregate Market Value of Potential Stock Issuance			$ 75,000,000
Exit Facility [Member]
Reorganization [Line Items]
Proceeds from Issuance of Other Long-term Debt			695,000,000
ABL Credit Facility [Member]
Reorganization [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity			$ 200,000,000

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Note 25 - Fresh Start Accounting (Details Textual) - USD ($) $ / shares in Units, shares in Millions, $ in Millions					4 Months Ended	8 Months Ended	12 Months Ended
		May 20, 2014	Sep. 03, 2013		Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Sep. 01, 2013
Fresh Start Accounting [Line Items]
Maximum Percentage of Voting Shares Received by Previous Shareholders			50.00%
Enterprise Value			$ 1,000
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
Capital Lease Obligations			14
Long-term Debt, Fair Value			$ 676
Long Term Debt Percentage of Par Value			97.00%
Pension and Postretirement Expected Cash Contributions Discount Rate			3.50%
Share Price (in Dollars per share)			$ 14.11
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				$ 277	$ 322
Deposit Liabilities, Accrued Interest			7
Emergence and Success Fees Paid at Emergence			9
Accrued Professional Fees			80
Litigation Settlement, Amount		$ 49	18
Other Assets, Current							25	28
Cash Collateral for Borrowed Securities			15
Debt Issuance Cost			8
Deferred Debt Issuance Costs Write Off			5
Deferred Equity Issuance Costs Write Off			3
Accounts Payable, Trade, Current							186	205
Short-term Debt			4
Interest Paid			7
Administrative Fees Expense			10
Bankruptcy Claims, Amount of Claims Settled			29
Liabilities Subject to Compromise			9
Long-term Debt, Excluding Current Maturities			375				673	672
Proceeds from Issuance of Other Long-term Debt			669
Proceeds from Other Short-term Debt			4
Warrants Issued Value			24
Inventory, Net							263	292
Property, plant & equipment, net							394	501
Goodwill					$ 88		88	96
Intangible Assets, Net (Excluding Goodwill)							$ 119	$ 140
Indefinite-Lived Trade Names			54
Indefinite-Lived Intangible Assets (Excluding Goodwill)			9
Technology-Based Intangible Assets [Member]
Fresh Start Accounting [Line Items]
Finite-lived Intangible Assets, Fair Value Disclosure			131
Finite-Lived Intangible Asset, Useful Life							3 years	4 years
Customer-Related Intangible Assets [Member]
Fresh Start Accounting [Line Items]
Finite-lived Intangible Assets, Fair Value Disclosure			$ 39
Finite-Lived Intangible Asset, Useful Life							7 years	8 years
In Process Research and Development [Member]
Fresh Start Accounting [Line Items]
Finite-Lived Intangible Asset, Useful Life			6 years
Favorable Contracts and Leasehold Improvements [Member]
Fresh Start Accounting [Line Items]
Finite-lived Intangible Assets, Fair Value Disclosure			$ 2
Cost of Capital Discount Rate [Member] | In Process Research and Development [Member]
Fresh Start Accounting [Line Items]
Concentration Risk, Percentage			40.00%
Omnibus Incentive Plan 2013 [Member]
Fresh Start Accounting [Line Items]
Stock Issued During Period, Shares, New Issues (in Shares)			0.1
Issued to Holders of General Unsecured Claims [Member]
Fresh Start Accounting [Line Items]
Share Price (in Dollars per share)			$ 14.11
Stock Issued During Period, Shares, New Issues (in Shares)			6.0
Issued to Backstop Parties Payment for Fees [Member]
Fresh Start Accounting [Line Items]
Share Price (in Dollars per share)			$ 14.11
Stock Issued During Period, Shares, New Issues (in Shares)			1.7
Repayment of All Loans Outstanding Under the 9.75% Senior Secured Notes [Member]
Fresh Start Accounting [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			9.75%
Repayment of 10.625% Senior Secured Notes [Member]
Fresh Start Accounting [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			10.625%
Debt Instrument, Unamortized Discount			$ 5
Junior DIP Credit Agreement Term Loan [Member]
Fresh Start Accounting [Line Items]
Debt Instrument, Unamortized Discount			3
Reorganization Adjustments [Member]
Fresh Start Accounting [Line Items]
Other Liabilities, Noncurrent	[1]		61
Emergence and Success Fees Paid at Emergence			(9)
Accounts Payable, Trade, Current			13
Repayments of Other Debt			644
Liabilities Subject to Compromise	[1]		(2,475)
Reorganization Adjustments [Member] | Claims Expected to be Satisfied in Cash Reclassified From Liabilities Subject to Compromise [Member]
Fresh Start Accounting [Line Items]
Accounts Payable, Trade, Current	[2]		6
Reorganization Adjustments [Member] | Success Fees Accrued Upon Emergence [Member]
Fresh Start Accounting [Line Items]
Accounts Payable, Trade, Current	[3]		13
Reorganization Adjustments [Member] | Success Fees Accrued Upon Emergence [Member] | Accounts Payable and Accrued Liabilities [Member]
Fresh Start Accounting [Line Items]
Accounts Payable, Trade, Current			3
Fresh Start Adjustments [Member]
Fresh Start Accounting [Line Items]
Other Liabilities, Noncurrent	[4]		82
Long-term Debt, Excluding Current Maturities			11
Inventory, Net	[5]		67
Property, plant & equipment, net	[6]		220
Goodwill	[7]		32
Intangible Assets, Net (Excluding Goodwill)	[8]		192
Fresh Start Adjustments [Member] | Decreased Capitalized Lease Obligations [Member]
Fresh Start Accounting [Line Items]
Other Liabilities, Noncurrent			38
Fresh Start Adjustments [Member] | Decrease Remeasurement of Employee Benefit Obligations [Member]
Fresh Start Accounting [Line Items]
Other Liabilities, Noncurrent			19
Fresh Start Adjustments [Member] | Increase Fair Value Adjustment Asset Retirement Obligations [Member]
Fresh Start Accounting [Line Items]
Other Liabilities, Noncurrent			4
Predecessor [Member]
Fresh Start Accounting [Line Items]
Other Liabilities, Noncurrent	[9]		318
Repayments of Other Debt						$ 375
Liabilities Subject to Compromise	[9]		2,475
Proceeds from Issuance of Other Long-term Debt						664
Inventory, Net			435	[9]		435
Property, plant & equipment, net			507	[9]		507
Goodwill	[9]		56
Intangible Assets, Net (Excluding Goodwill)	[9]		43
Predecessor [Member] | Claims Expected to be Satisfied in Cash Reclassified From Liabilities Subject to Compromise [Member]
Fresh Start Accounting [Line Items]
Accounts Payable, Trade, Current	[9]		317
Predecessor [Member] | Junior DIP Credit Agreement Term Loan [Member]
Fresh Start Accounting [Line Items]
Repayments of Other Debt						$ 844
Successor [Member]
Fresh Start Accounting [Line Items]
Enterprise Value			1,000
Other Liabilities, Noncurrent			408
Repayments of Other Debt					40
Inventory, Net			502						$ 502
Property, plant & equipment, net			727		$ 684		$ 394	$ 501	727
Goodwill			88						$ 88
Intangible Assets, Net (Excluding Goodwill)			235
Successor [Member] | Omnibus Incentive Plan 2013 [Member]
Fresh Start Accounting [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period							7 years
Successor [Member] | Claims Expected to be Satisfied in Cash Reclassified From Liabilities Subject to Compromise [Member]
Fresh Start Accounting [Line Items]
Accounts Payable, Trade, Current			339
Write Off of Unamortized Debt Issuance Costs [Member] | Reorganization Adjustments [Member]
Fresh Start Accounting [Line Items]
Other Assets, Current			$ (1)
The 125 Warrants [Member]
Fresh Start Accounting [Line Items]
Strike Price (in Dollars per share)			$ 14.93
Warrant Percentage			125.00%
Fair Value Assumptions, Expected Volatility Rate			47.00%
The 135 Warrants [Member]
Fresh Start Accounting [Line Items]
Strike Price (in Dollars per share)			$ 16.12
Warrant Percentage			135.00%
Fair Value Assumptions, Expected Volatility Rate			48.00%
Rights Offering [Member]
Fresh Start Accounting [Line Items]
Share Price (in Dollars per share)			$ 11.94
Stock Issued During Period, Shares, New Issues (in Shares)			34.0
Minimum [Member]
Fresh Start Accounting [Line Items]
Enterprise Value			$ 875
Minimum [Member] | Technology-Based Intangible Assets [Member]
Fresh Start Accounting [Line Items]
Finite-Lived Intangible Asset, Useful Life			4 years
Minimum [Member] | Customer-Related Intangible Assets [Member]
Fresh Start Accounting [Line Items]
Finite-Lived Intangible Asset, Useful Life			3 years
Minimum [Member] | Sales Revenue, Net [Member]
Fresh Start Accounting [Line Items]
Concentration Risk, Percentage			0.00%
Minimum [Member] | Royalty Rates [Member]
Fresh Start Accounting [Line Items]
Concentration Risk, Percentage			0.50%
Minimum [Member] | Royalty Rates [Member] | Technology-Based Intangible Assets [Member]
Fresh Start Accounting [Line Items]
Concentration Risk, Percentage			1.00%
Minimum [Member] | Cost of Capital Discount Rate [Member]
Fresh Start Accounting [Line Items]
Concentration Risk, Percentage			27.00%
Minimum [Member] | Cost of Capital Discount Rate [Member] | Technology-Based Intangible Assets [Member]
Fresh Start Accounting [Line Items]
Concentration Risk, Percentage			29.00%
Minimum [Member] | Cost of Capital Discount Rate [Member] | Customer-Related Intangible Assets [Member]
Fresh Start Accounting [Line Items]
Concentration Risk, Percentage			29.00%
Minimum [Member] | Attrition Rates [Member] | Customer-Related Intangible Assets [Member]
Fresh Start Accounting [Line Items]
Concentration Risk, Percentage			2.50%
Maximum [Member]
Fresh Start Accounting [Line Items]
Enterprise Value			$ 1,400
Maximum [Member] | Technology-Based Intangible Assets [Member]
Fresh Start Accounting [Line Items]
Finite-Lived Intangible Asset, Useful Life			12 years
Maximum [Member] | Customer-Related Intangible Assets [Member]
Fresh Start Accounting [Line Items]
Finite-Lived Intangible Asset, Useful Life			10 years
Maximum [Member] | Sales Revenue, Net [Member]
Fresh Start Accounting [Line Items]
Concentration Risk, Percentage			3.00%
Maximum [Member] | Royalty Rates [Member]
Fresh Start Accounting [Line Items]
Concentration Risk, Percentage			1.00%
Maximum [Member] | Royalty Rates [Member] | Technology-Based Intangible Assets [Member]
Fresh Start Accounting [Line Items]
Concentration Risk, Percentage			16.00%
Maximum [Member] | Cost of Capital Discount Rate [Member]
Fresh Start Accounting [Line Items]
Concentration Risk, Percentage			32.00%
Maximum [Member] | Cost of Capital Discount Rate [Member] | Technology-Based Intangible Assets [Member]
Fresh Start Accounting [Line Items]
Concentration Risk, Percentage			34.00%
Maximum [Member] | Cost of Capital Discount Rate [Member] | Customer-Related Intangible Assets [Member]
Fresh Start Accounting [Line Items]
Concentration Risk, Percentage			38.00%
Maximum [Member] | Attrition Rates [Member] | Customer-Related Intangible Assets [Member]
Fresh Start Accounting [Line Items]
Concentration Risk, Percentage			20.00%

[1] Refer to explanation #18 for the determination of fair value for equity issued to unsecured creditors.

[2] Represents $6 million in claims expected to be satisfied in cash that were reclassified from Liabilities subject to compromise.

[3] Represents $13 million in success fees accrued upon emergence that have been included in Reorganization items, net in the Consolidated Statement of Operations.

[4] Represents the net decrease in tax assets and tax liabilities associated with adjustments for fresh start accounting.

[5] 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.

[6] 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:

[7] 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:

[8] 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.

[9] 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 27, “Discontinued Operations” for additional information.

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Note 25 - Reconciliation of Enterprise Value to Estimated Fair Value (Details) - USD ($) $ / shares in Units, $ in Millions	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013	[1]	Sep. 03, 2013	Aug. 31, 2013
Reconciliation Of Enterprise Value To Estimated Fair Value [Line Items]
Enterprise value							$ 1,000
Plus: Cash and cash equivalents	$ 546		$ 712
Fair value of Successor common stock
Shares outstanding at September 3, 2013	42,000,000		41,900,000
Successor [Member]
Reconciliation Of Enterprise Value To Estimated Fair Value [Line Items]
Enterprise value							1,000
Plus: Cash and cash equivalents	$ 547	[1]	$ 712	[1]	$ 844		898	$ 898
Less: Other non-operating liabilities							$ 18
Shares outstanding at September 3, 2013							41,753,211
Per share value							$ 14.11
Successor [Member] | Estimate of Fair Value Measurement [Member]
Reconciliation Of Enterprise Value To Estimated Fair Value [Line Items]
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

[1] (1)Cash and cash equivalents, end of period includes $546 million of cash reported in the Statement of Financial Position and $1 million of cash reported in Current assets held for sale. There is no cash reported in Current assets held for sale at the beginning or end of any other period.

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Note 25 - Reconciliation of Enterprise Value to Estimated Reorganization Value (Details) - USD ($) $ in Millions	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013	[1]	Sep. 03, 2013	Aug. 31, 2013
Reconciliation Of Enterprise Value To Estimated Reorganization Value [Line Items]
Enterprise value							$ 1,000
Plus: Cash and cash equivalents	$ 546		$ 712
Plus: Fair value of noncontrolling interests							10
Successor [Member]
Reconciliation Of Enterprise Value To Estimated Reorganization Value [Line Items]
Enterprise value							1,000
Plus: Cash and cash equivalents	$ 547	[1]	$ 712	[1]	$ 844		898	$ 898
Reorganization value of Successor assets							3,463
Successor [Member] | Estimate of Fair Value Measurement [Member]
Reconciliation Of Enterprise Value To Estimated Reorganization Value [Line Items]
Plus: Fair value of non-debt liabilities							2,088
Less: Fair value of pension and other postretirement obligations							$ 533

[1] (1)Cash and cash equivalents, end of period includes $546 million of cash reported in the Statement of Financial Position and $1 million of cash reported in Current assets held for sale. There is no cash reported in Current assets held for sale at the beginning or end of any other period.

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Note 25 - Adjustments of Statement of Financial Position (Details) - USD ($) $ in Millions		Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013		Sep. 03, 2013		Sep. 01, 2013	Aug. 31, 2013		Dec. 31, 2012
Current Assets
Cash and cash equivalents		$ 546		$ 712
Receivables, net		350		402
Inventories, net		263		292
Disposal Group, Including Discontinued Operation, Assets, Current		72		85
Other current assets		25		28
Total current assets		1,278		1,550
Property, plant & equipment, net		394		501
Goodwill		88		96		$ 88
Intangible assets, net		119		140
Other long-term assets		122		128
TOTAL ASSETS		2,138		2,556
Current Liabilities
Accounts payable, trade		186		205
Short-term borrowings and current portion of long-term debt		4		5
Other current liabilities		247		349
Total current liabilities		459		598
Long-term debt, net of current portion		673		672				$ 375
Pension and other postretirement liabilities		619		657
Other long-term liabilities		277		322				18
Liabilities subject to compromise								9
Total liabilities		2,035		2,257
Equity (Deficit)
Fair value of Successor common stock
Additional paid in capital		633		621
Retained earnings (deficit)		(283)		(204)
Accumulated other comprehensive loss		(267)		(136)
Less: Treasury stock (Predecessor)		(5)		(4)
Total Eastman Kodak Company shareholders’ equity		78		277
Noncontrolling interests		25		22
Total equity		103		299
TOTAL LIABILITIES AND EQUITY		2,138		2,556
Predecessor [Member]
Current Assets
Cash and cash equivalents								1,070	[1]		$ 898	[2]	$ 1,135
Restricted cash	[1]							24
Receivables, net	[1]							492
Inventories, net								435	[1]		435
Disposal Group, Including Discontinued Operation, Assets, Current	[1]							109
Total current assets	[1]							2,207
Property, plant & equipment, net								507	[1]		507
Goodwill	[1]							56
Intangible assets, net	[1]							43
Deferred income taxes	[1]							22
TOTAL ASSETS	[1]							3,037
Current Liabilities
Liabilities held for sale	[1]							45
Total current liabilities	[1]							1,643
Pension and other postretirement liabilities	[1]							411
Other long-term liabilities	[1]							318
Liabilities subject to compromise	[1]							2,475
Total liabilities	[1]							5,217
Equity (Deficit)
Retained earnings (deficit)	[1]							2,446
Accumulated other comprehensive loss	[1]							(1,008)
Total stockholders' equity before treasury stock	[1]							3,521
Less: Treasury stock (Predecessor)	[1]							(5,711)
Total Eastman Kodak Company shareholders’ equity	[1]							(2,190)
Noncontrolling interests	[1]							10
Total equity								(2,180)	[1]		10		$ (3,677)
TOTAL LIABILITIES AND EQUITY	[1]							3,037
Predecessor [Member] | Predecessor Adjustments [Member]
Equity (Deficit)
Fair value of Successor common stock	[1]							978
Additional paid in capital	[1]							1,105
Reorganization Adjustments [Member]
Current Assets
Cash and cash equivalents	[3]							(172)
Restricted cash	[4]							98
Total current assets								(67)
Deferred income taxes	[5]							(21)
TOTAL ASSETS								(73)
Current Liabilities
Accounts payable, trade								13
Total current liabilities								(607)
Pension and other postretirement liabilities	[6]							156
Other long-term liabilities	[6]							61
Liabilities subject to compromise	[6]							(2,475)
Total liabilities								(2,570)
Equity (Deficit)
Retained earnings (deficit)	[7]							(1,671)
Total stockholders' equity before treasury stock								(3,214)
Less: Treasury stock (Predecessor)	[8]							5,711
Total Eastman Kodak Company shareholders’ equity								2,497
Total equity								2,497
TOTAL LIABILITIES AND EQUITY								(73)
Reorganization Adjustments [Member] | Successor Adjustments [Member]
Equity (Deficit)
Additional paid in capital	[9]							540
Reorganization Adjustments [Member] | Predecessor Adjustments [Member]
Equity (Deficit)
Fair value of Successor common stock	[8]							(978)
Additional paid in capital	[8]							(1,105)
Fresh Start Adjustments [Member]
Current Assets
Inventories, net	[10]							67
Disposal Group, Including Discontinued Operation, Assets, Current	[11]							8
Total current assets								33
Property, plant & equipment, net	[12]							220
Goodwill	[13]							32
Intangible assets, net	[14]							192
Deferred income taxes	[15]							55
TOTAL ASSETS								499
Current Liabilities
Liabilities held for sale	[11]							(3)
Total current liabilities								(25)
Long-term debt, net of current portion								11
Pension and other postretirement liabilities	[16]							178
Other long-term liabilities	[15]							82
Total liabilities								193
Equity (Deficit)
Retained earnings (deficit)	[17]							(775)
Accumulated other comprehensive loss	[17]							1,008
Total stockholders' equity before treasury stock								306
Total Eastman Kodak Company shareholders’ equity								306
Total equity								306
TOTAL LIABILITIES AND EQUITY								499
Fresh Start Adjustments [Member] | Successor Adjustments [Member]
Equity (Deficit)
Additional paid in capital	[18]							73
Successor [Member]
Current Assets
Cash and cash equivalents		547	[2]	712	[2]	844	[2]	898			898
Restricted cash								122
Receivables, net								492
Inventories, net								502		$ 502
Disposal Group, Including Discontinued Operation, Assets, Current								117
Total current assets								2,173
Property, plant & equipment, net		394		501		684		727		727
Goodwill								88		88
Intangible assets, net								235
Deferred income taxes								56
TOTAL ASSETS								3,463		$ 3,463
Current Liabilities
Liabilities held for sale								42
Total current liabilities								1,011
Pension and other postretirement liabilities								745
Other long-term liabilities								408
Total liabilities								2,840
Equity (Deficit)
Total stockholders' equity before treasury stock								613
Total Eastman Kodak Company shareholders’ equity								613
Noncontrolling interests								10
Total equity		$ 103		$ 299		$ 648		623			$ 623
TOTAL LIABILITIES AND EQUITY								3,463
Successor [Member] | Successor Adjustments [Member]
Equity (Deficit)
Additional paid in capital								613
Expiration of Tax Attributes [Member] | Predecessor [Member]
Current Assets
Other current assets	[1]							77
Expiration of Tax Attributes [Member] | Reorganization Adjustments [Member]
Current Assets
Other current assets	[5]							8
Current Liabilities
Other current liabilities	[5]							(13)
Expiration of Tax Attributes [Member] | Fresh Start Adjustments [Member]
Current Assets
Other current assets	[15]							(42)
Current Liabilities
Other current liabilities	[16]							(14)
Expiration of Tax Attributes [Member] | Successor [Member]
Current Assets
Other current assets								42
Write Off of Unamortized Debt Issuance Costs [Member] | Reorganization Adjustments [Member]
Current Assets
Other current assets	[19]							(1)
Includes Cash Collateralization for Letters of Credit [Member] | Predecessor [Member]
Current Assets
Other long-term assets	[1]							202
Includes Cash Collateralization for Letters of Credit [Member] | Reorganization Adjustments [Member]
Current Assets
Other long-term assets	[20]							15
Includes Cash Collateralization for Letters of Credit [Member] | Fresh Start Adjustments [Member]
Current Assets
Other long-term assets	[21]							(26)
Includes Cash Collateralization for Letters of Credit [Member] | Successor [Member]
Current Assets
Other long-term assets								184
Debt Issuance Costs [Member] | Reorganization Adjustments [Member]
Current Assets
Other long-term assets	[22]							8
Debt Issuance Costs [Member] | Fresh Start Adjustments [Member]
Current Assets
Other long-term assets	[23]							(8)
Write Off of Deferred Debt Issuance Costs [Member] | Reorganization Adjustments [Member]
Current Assets
Other long-term assets	[24]							(8)
Write Off of Deferred Debt Issuance Costs [Member] | Fresh Start Adjustments [Member]
Current Assets
Other long-term assets	[16]							1
Claims Expected to be Satisfied in Cash Reclassified From Liabilities Subject to Compromise [Member] | Predecessor [Member]
Current Liabilities
Accounts payable, trade	[1]							317
Claims Expected to be Satisfied in Cash Reclassified From Liabilities Subject to Compromise [Member] | Reorganization Adjustments [Member]
Current Liabilities
Accounts payable, trade	[25]							6
Other current liabilities	[26]							38
Claims Expected to be Satisfied in Cash Reclassified From Liabilities Subject to Compromise [Member] | Successor [Member]
Current Liabilities
Accounts payable, trade								339
Accrued Expenses Related to the Emergence Credit Facilities [Member] | Reorganization Adjustments [Member]
Current Liabilities
Accounts payable, trade	[27]							3
Success Fees Accrued Upon Emergence [Member] | Reorganization Adjustments [Member]
Current Liabilities
Accounts payable, trade	[28]							13
Repayment of All Term Loans From Junior DIP Credit Agreement [Member] | Predecessor [Member]
Current Liabilities
Short-term borrowings and current portion of long-term debt	[1]							681
Repayment of All Term Loans From Junior DIP Credit Agreement [Member] | Reorganization Adjustments [Member]
Current Liabilities
Short-term borrowings and current portion of long-term debt	[29]							(641)
Repayment of All Term Loans From Junior DIP Credit Agreement [Member] | Successor [Member]
Current Liabilities
Short-term borrowings and current portion of long-term debt								44
Principal Short Term Borrowings of Emergence Credit Facility [Member] | Reorganization Adjustments [Member]
Current Liabilities
Short-term borrowings and current portion of long-term debt	[30]							4
Accrued and Unpaid Interest Related to the Repayment of Debt [Member] | Predecessor [Member]
Current Liabilities
Other current liabilities	[1]							600
Accrued and Unpaid Interest Related to the Repayment of Debt [Member] | Reorganization Adjustments [Member]
Current Liabilities
Other current liabilities	[31]							(17)
Accrued and Unpaid Interest Related to the Repayment of Debt [Member] | Fresh Start Adjustments [Member]
Current Liabilities
Other current liabilities	[32]							(8)
Accrued and Unpaid Interest Related to the Repayment of Debt [Member] | Successor [Member]
Current Liabilities
Other current liabilities								586
Repayment of All Loans Outstanding Under the 9.75% Senior Secured Notes [Member] | Predecessor [Member]
Current Liabilities
Long-term debt, net of current portion	[1]							370
Repayment of All Loans Outstanding Under the 9.75% Senior Secured Notes [Member] | Reorganization Adjustments [Member]
Current Liabilities
Long-term debt, net of current portion	[33]							(370)
Repayment of All Loans Outstanding Under the 9.75% Senior Secured Notes [Member] | Fresh Start Adjustments [Member]
Current Liabilities
Long-term debt, net of current portion	[34]							11
Repayment of All Loans Outstanding Under the 9.75% Senior Secured Notes [Member] | Successor [Member]
Current Liabilities
Long-term debt, net of current portion								676
Proceeds From Issuance of Term Loans Under Emergence Credit Facility [Member] | Reorganization Adjustments [Member]
Current Liabilities
Long-term debt, net of current portion	[35]							665
Decrease in Net Deferred Tax Assets Associated With Fresh Start Accounting [Member] | Fresh Start Adjustments [Member]
Current Liabilities
Other long-term liabilities	[36]							$ (53)

[1] 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 27, “Discontinued Operations” for additional information.

[2] (1)Cash and cash equivalents, end of period includes $546 million of cash reported in the Statement of Financial Position and $1 million of cash reported in Current assets held for sale. There is no cash reported in Current assets held for sale at the beginning or end of any other period.

[3] Reflects the net cash payments recorded as of the Effective Date from implementation of the Plan:

[4] Reflects the funding of $80 million to the professional fee escrow account for professional fees accrued at emergence and $18 million related to the EBP Settlement Agreement. Refer to Note 24, “Emergence from Voluntary Reorganization under Chapter 11 Proceedings” for additional information regarding the EBP Settlement Agreement.

[5] Reflects the expiration of tax attributes, which was fully offset by a corresponding decrease in Kodak’s U.S. valuation allowance, as a result of the Debtors’ emergence from chapter 11 bankruptcy proceedings. Refer to Note 14, “Income Taxes” for additional information.

[6] Refer to explanation #18 for the determination of fair value for equity issued to unsecured creditors.

[7] The net gain on reorganization adjustments has been included in Reorganization items, net in the Consolidated Statement of Operations.

[8] Reflects the cancellation of Predecessor Company equity to retained earnings.

[9] Reflects the issuance of 34 million shares of common stock at a per share price of $11.94 in connection with the Rights Offering, 6 million shares of common stock issued to the holders of general unsecured and retiree committee unsecured claims valued at $14.11 per share, 1.7 million shares of common stock valued at $14.11 per share issued to the Backstop Parties in connection with the Backstop Commitment Agreement, 0.1 million shares of common stock issued under Kodak’s 2013 Omnibus Incentive Plan on the Effective Date, and issuance of warrants valued at $24 million.

[10] 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.

[11] Represents fair value adjustment to the assets and liabilities of the Company’s Personalized Imaging and Document Imaging businesses in delayed close countries.

[12] 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:

[13] 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:

[14] 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.

[15] Represents the net decrease in tax assets and tax liabilities associated with adjustments for fresh start accounting.

[16] Represents the revaluation of pension and other postretirement obligations. Refer to Note 16, “Retirement plans “and Note 17, ”Other postretirement benefits” for additional information.

[17] Reflects the cumulative impact of fresh start adjustments as discussed above and the elimination of the Predecessor Company’s accumulated other comprehensive loss.

[18] Reflects the increase in fair value of the 34 million shares of common stock issued in connection with the Rights Offering from $11.94 to $14.11 per share.

[19] 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.

[20] Represents the funding of $15 million in cash collateralization for letters of credit under the ABL Credit Facility.

[21] Represents the write-off of deferred costs under various licensing transactions now being reflected in intangible assets.

[22] Represents $8 million of debt issuance costs incurred related to the Emergence Credit Facilities.

[23] Represents the write-off of unamortized debt issuance costs related to the Emergence Credit Facilities.

[24] Represents the write-off of $5 million of deferred debt issuance costs upon repayment in full of all loans outstanding under the 9.75% senior secured notes due 2018 and 10.625% senior secured notes due 2019 and the write-off of $3 million of deferred equity issuance costs. These amounts have been included in Reorganization items, net in the Consolidated Statement of Operations.

[25] Represents $6 million in claims expected to be satisfied in cash that were reclassified from Liabilities subject to compromise.

[26] Represents $29 million in claims expected to be settled in cash and $9 million of liabilities that have been retained by Kodak in accordance with the Plan that have been reclassified from Liabilities subject to compromise.

[27] Represents $3 million of accrued expenses related to the Emergence Credit Facilities that have been deferred and recorded as part of Other Current assets.

[28] Represents $13 million in success fees accrued upon emergence that have been included in Reorganization items, net in the Consolidated Statement of Operations.

[29] On the Effective Date, the Company repaid in full all term loans outstanding under the Junior DIP Credit Agreement for an aggregate remaining principal amount of approximately $644 million offset by $3 million of unamortized debt discount that was written off upon repayment of the debt and is included in Reorganization items, net in the Consolidated Statement of Operations.

[30] Represents $4 million of principal amount recorded as short-term borrowings pursuant to the terms of the Emergence Credit Facility.

[31] On the Effective Date, the Company paid $7 million of accrued and unpaid interest related to the repayment of debt and $10 million in administrative claims that was included within Other current liabilities.

[32] Represents the revaluation of deferred revenues to the fair value of Kodak’s related future performance obligations.

[33] On the Effective Date, the Company repaid in full all loans outstanding under the 9.75% senior secured notes due 2018 and 10.625% senior secured notes due 2019 for an aggregate principal amount of approximately $375 million offset by $5 million of unamortized debt discount that was written off upon repayment of the debt and is included in Reorganization items, net in the Consolidated Statement of Operations.

[34] Represents the write-off of unamortized debt discounts related to the Emergence Credit Facilities based on the fair value of debt.

[35] Upon issuance of the Term Loans under the Emergence Credit Facility, the Company received net proceeds of approximately $669 million, of which $4 million of the principal amount of the loans is recorded as short-term borrowings pursuant to the terms of the Emergence Credit Facility.

[36] Represents $38 million decrease in capitalized lease obligations determined based on market rents, $19 million decrease related to the remeasurement of employee benefit obligations offset by net $4 million increase in fair value adjustment related to asset retirement obligations and other miscellaneous liabilities.

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Note 25 - Net Cash Payments for Reorganization Adjustments (Details) - Reorganization Adjustments [Member] $ in Millions	Sep. 03, 2013 USD ($)
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)

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Note 25 - Liabilities Subject to Compromise (Details) - USD ($) $ in Millions		Sep. 03, 2013	Dec. 31, 2015	Dec. 31, 2014
Liabilities Subject To Compromise [Line Items]
Liabilities subject to compromise of the Predecessor Company (LSTC)		$ (9)
Liabilities reinstated at emergence:
Pension and other postretirement liabilities			$ (619)	$ (657)
Environmental obligations		18	$ 277	$ 322
Reorganization Adjustments [Member]
Liabilities Subject To Compromise [Line Items]
Liabilities subject to compromise of the Predecessor Company (LSTC)	[1]	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	[1]	(156)
Environmental obligations	[1]	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
Reorganization Adjustments [Member] | Environmental Liabilities [Member]
Liabilities reinstated at emergence:
Environmental obligations		$ (61)

[1] Refer to explanation #18 for the determination of fair value for equity issued to unsecured creditors.

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Note 25 - Cumulative Impact of the Reorganization Adjustments (Details) - USD ($) $ in Millions		Sep. 03, 2013	Dec. 31, 2015	Dec. 31, 2014
Cumulative Impact Of Reorganization Adjustments [Line Items]
Emergence and success fees paid at emergence		$ 9
Accumulated deficit			$ (283)	$ (204)
Reorganization Adjustments [Member]
Cumulative Impact Of Reorganization Adjustments [Line Items]
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)
Accumulated deficit	[1]	$ (1,671)

[1] The net gain on reorganization adjustments has been included in Reorganization items, net in the Consolidated Statement of Operations.

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Note 25 - Summary of Components of Inventory (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Sep. 03, 2013		Sep. 01, 2013	Aug. 31, 2013
Inventory [Line Items]
Finished goods	$ 141	$ 160
Work in process	61	70
Raw materials	61	62
Total	$ 263	$ 292
Successor [Member]
Inventory [Line Items]
Finished goods					$ 280
Work in process					120
Raw materials					102
Total			$ 502		$ 502
Predecessor [Member]
Inventory [Line Items]
Finished goods						$ 235
Work in process						99
Raw materials						101
Total			$ 435	[1]		$ 435

[1] 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 27, “Discontinued Operations” for additional information.

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Note 25 - Components of Property, Plant and Equipment, Net (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Sep. 03, 2013		Sep. 01, 2013	Aug. 31, 2013
Property, Plant and Equipment [Line Items]
Land	$ 74	$ 100
Buildings and building improvements	169	174
Machinery and equipment	445	403
Construction in progress	20	47
Property, plant and equipment, net	394	501
Successor [Member]
Property, Plant and Equipment [Line Items]
Land						$ 114
Buildings and building improvements						180
Machinery and equipment						402
Construction in progress						31
Property, plant and equipment, net	$ 394	$ 501	$ 684	$ 727		$ 727
Predecessor [Member]
Property, Plant and Equipment [Line Items]
Land							$ 35
Buildings and building improvements							189
Machinery and equipment							252
Construction in progress							31
Property, plant and equipment, net				$ 507	[1]		$ 507

[1] 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 27, “Discontinued Operations” for additional information.

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Note 25 - Goodwill (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Sep. 03, 2013	Sep. 01, 2013
Goodwill [Line Items]
Reorganization value of Successor assets	$ 2,138	$ 2,556
Reorganization value of Successor assets in excess of fair value - Successor goodwill	$ 88	$ 96	$ 88
Successor [Member]
Goodwill [Line Items]
Reorganization value of Successor assets				$ 3,463	$ 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	$ 88

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Note 25 - Cumulative Impact of Fresh Start Adjustments (Details) - USD ($) $ in Millions		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Sep. 03, 2013		Sep. 01, 2013	Aug. 31, 2013
Cumulative Impact Of Fresh Start Adjustments [Line Items]
Goodwill		$ 88	$ 96	$ 88
Intangible assets, net		119	140
Inventory fair value adjustment		263	292
Property, plant & equipment fair value adjustment		394	501
Pension and other postretirement obligations fair value adjustment		(619)	(657)
Long-term debt fair value adjustment		(673)	(672)		$ (375)
Elimination of Predecessor accumulated other comprehensive loss		267	136
Accumulated deficit		(283)	(204)
Successor [Member]
Cumulative Impact Of Fresh Start Adjustments [Line Items]
Goodwill					88		$ 88
Intangible assets, net					235
Inventory fair value adjustment					502		502
Property, plant & equipment fair value adjustment		$ 394	$ 501	$ 684	727		$ 727
Pension and other postretirement obligations fair value adjustment					(745)
Predecessor [Member]
Cumulative Impact Of Fresh Start Adjustments [Line Items]
Goodwill	[1]				56
Intangible assets, net	[1]				43
Inventory fair value adjustment					435	[1]		$ 435
Property, plant & equipment fair value adjustment					507	[1]		$ 507
Pension and other postretirement obligations fair value adjustment	[1]				(411)
Elimination of Predecessor accumulated other comprehensive loss	[1]				1,008
Accumulated deficit	[1]				2,446
Fresh Start Adjustments [Member]
Cumulative Impact Of Fresh Start Adjustments [Line Items]
Goodwill	[2]				32
Intangible assets, net	[3]				192
Inventory fair value adjustment	[4]				67
Property, plant & equipment fair value adjustment	[5]				220
Pension and other postretirement obligations fair value adjustment	[6]				(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	[7]				(1,008)
Accumulated deficit	[7]				(775)
Elimination [Member] | Predecessor [Member]
Cumulative Impact Of Fresh Start Adjustments [Line Items]
Goodwill					(56)
Intangible assets, net					(43)
Elimination [Member] | Fresh Start Adjustments [Member]
Cumulative Impact Of Fresh Start Adjustments [Line Items]
Elimination of Predecessor accumulated other comprehensive loss					$ (1,008)

[1] 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 27, “Discontinued Operations” for additional information.

[2] 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:

[3] 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.

[4] 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.

[5] 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:

[6] Represents the revaluation of pension and other postretirement obligations. Refer to Note 16, “Retirement plans “and Note 17, ”Other postretirement benefits” for additional information.

[7] Reflects the cumulative impact of fresh start adjustments as discussed above and the elimination of the Predecessor Company’s accumulated other comprehensive loss.

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Note 26 - Reorganization Items, Net (Details) - USD ($) $ in Millions	1 Months Ended	4 Months Ended	8 Months Ended	12 Months Ended
	Aug. 31, 2013	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Reorganization Items, Net [Line Items]
Provision for expected allowed claims	$ 27
Successor [Member]
Reorganization Items, Net [Line Items]
Professional fees		$ 19		$ 1	$ 10
Provision for expected allowed claims					(1)
Other items, net		(3)		4	4
Reorganization items, net		16		5	13
Cash payments for reorganization items		$ 85		$ 9	$ 21
Predecessor [Member]
Reorganization Items, Net [Line Items]
Professional fees			$ 114
Provision for expected allowed claims			133
Net gain on reorganization adjustments			(1,957)
Net gain on fresh start adjustments			(302)
Other items, net			(14)
Reorganization items, net			(2,026)
Cash payments for reorganization items			$ 210

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Note 26 - Reorganization Items, Net (Details Textual) $ in Millions	8 Months Ended
	Aug. 31, 2013 USD ($)
Liabilities Subject To Compromise [Member]
Reorganization Items, Net [Line Items]
Reorganization Items	$ 84

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Note 27 - Discontinued Operations for KODAK PROSPER Enterprise Inkjet (Details) - USD ($) $ in Millions	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Loss from discontinued operations, net of income taxes	$ 1	$ 40	$ 1	$ 1
Successor [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Revenues	78		1	61
(Provision) benefit for income taxes	(2)		(3)	(5)
Loss from discontinued operations, net of income taxes	(15)		(47)	(59)
Predecessor [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Revenues		761
(Provision) benefit for income taxes		96
Loss from discontinued operations, net of income taxes		(184)
KODAK PROSPER Enterprise Inkjet [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Cash and cash equivalents			1
Receivables, net			15	12
Inventories, net			51	57
Property, plant and equipment, net			32	23
Intangible assets, net			38	42
Other assets			4	3
Assets of business held for sale			141	137
Accounts payable, trade			9	7
Current portion of long-term debt			1
Other current liabilities			12	23
Long-term debt, net of current portion			2
Pension and other postretirement liabilities			4	5
Other long-term liabilities			1	2
Liabilities of business held for sale			29	37
KODAK PROSPER Enterprise Inkjet [Member] | Successor [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Revenues	30		89	70
Cost of sales	28		86	74
Selling, general and administrative expenses	9		22	26
Research and development expenses	12		17	30
Restructuring costs and other			1	3
Loss from discontinued operations, before income taxes	(19)		(37)	(63)
(Provision) benefit for income taxes			(2)
Loss from discontinued operations, net of income taxes	(19)		(39)	(63)
Depreciation	1		6	4
Amortization	1		4	4
Capital expenditures	$ 1		$ 3	$ 1
KODAK PROSPER Enterprise Inkjet [Member] | Predecessor [Member]
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]
Revenues		38
Cost of sales		50
Selling, general and administrative expenses		16
Research and development expenses		22
Loss from discontinued operations, before income taxes		(48)
Loss from discontinued operations, net of income taxes		(48)
Depreciation		2
Amortization		$ 2

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Note 27 - Discontinued Operations (Details Textual) - USD ($) $ in Millions			1 Months Ended	2 Months Ended	8 Months Ended	12 Months Ended
		Sep. 03, 2013	Mar. 31, 2014	Aug. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Mar. 17, 2014
Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Assets, Current						$ 72	$ 85
Disposal Group, Including Discontinued Operation, Liabilities, Current						22	39
Incremental Consideration on Sale of Business								$ 20
Payments of Incremental Consideration			$ 13
Junior DIP Credit Agreement Term Loan [Member]
Discontinued Operations [Line Items]
Repayments of Debt		$ 200
Predecessor [Member]
Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Assets, Current	[1]	109
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax				$ (163)
Interest Expense, Debt		$ 14
Repayment Subject to Certain Adjusted EBITDA [Member] | Predecessor [Member]
Discontinued Operations [Line Items]
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax				35
Personalized and Document Imaging Segment [Member]
Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Consideration						325
Discontinued Operation, Contingent Consideration						35
KODAK PROSPER Enterprise Inkjet [Member]
Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Assets, Current						2	2
Disposal Group, Including Discontinued Operation, Liabilities, Current							9
Non-refundable Consideration [Member] | Predecessor [Member]
Discontinued Operations [Line Items]
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax				64
Unamortized Pension Losses [Member] | Predecessor [Member]
Discontinued Operations [Line Items]
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax				$ 1,500
Personalized and Document Imaging Segment [Member]
Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Assets, Current							12
Disposal Group, Including Discontinued Operation, Liabilities, Current							$ 1
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax						$ 5
Personalized and Document Imaging Segment [Member] | Predecessor [Member]
Discontinued Operations [Line Items]
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax					$ (217)

[1] 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 27, “Discontinued Operations” for additional information.

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Note 27 - Discontinued Operations Major Classes of Assets and Liabilities Related to the Disposition (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Major Classes Of Assets And Liabilities Related To Disposition [Line Items]
Current assets held for sale	$ 72	$ 85
Current liabilities held for sale	$ 22	39
Personalized and Document Imaging Segment [Member]
Major Classes Of Assets And Liabilities Related To Disposition [Line Items]
Inventories, net		2
Property, plant and equipment, net		4
Other assets		6
Current assets held for sale		12
Trade payables		1
Current liabilities held for sale		$ 1

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Note 27 - Discontinued Operations Components of Revenues, Earnings (Loss) From Discontinued Operations, Net of Income Taxes, and Gain on Sale (Details) - USD ($) $ in Millions	2 Months Ended	3 Months Ended																4 Months Ended	8 Months Ended	12 Months Ended
	Aug. 31, 2013	Dec. 31, 2015	[1]	Sep. 30, 2015	[1]	Jun. 30, 2015	[1]	Mar. 31, 2015	[1]	Dec. 31, 2014	[1]	Sep. 30, 2014	[1]	Jun. 30, 2014	[1]	Mar. 31, 2014	[1]	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Successor [Member]
Components Of Revenues Earnings Loss From Discontinued Operations Net Of Income Taxes And Gain On Sale [Line Items]
Total revenues from discontinued operations																		$ 78		$ 1	$ 61
(Provision) benefit for income taxes related to discontinued operations																		(2)		(3)	(5)
Earnings (loss) from discontinued operations, net of income taxes		$ (7)		$ (15)		$ (8)		$ (17)		$ (14)		$ (29)		$ (17)		$ 1		4		(8)	4
Predecessor [Member]
Components Of Revenues Earnings Loss From Discontinued Operations Net Of Income Taxes And Gain On Sale [Line Items]
Total revenues from discontinued operations																			$ 761
Pre-tax (loss) earnings from Personalized and Document Imaging	$ (163)
(Provision) benefit for income taxes related to discontinued operations																			96
Earnings (loss) from discontinued operations, net of income taxes																			(135)
Personalized and Document Imaging Segment [Member]
Components Of Revenues Earnings Loss From Discontinued Operations Net Of Income Taxes And Gain On Sale [Line Items]
Pre-tax (loss) earnings from Personalized and Document Imaging																				5
Personalized and Document Imaging Segment [Member] | Successor [Member]
Components Of Revenues Earnings Loss From Discontinued Operations Net Of Income Taxes And Gain On Sale [Line Items]
Total revenues from discontinued operations																		77		1	61
Pre-tax (loss) earnings from Personalized and Document Imaging																		5		$ (5)	$ 9
Personalized and Document Imaging Segment [Member] | Predecessor [Member]
Components Of Revenues Earnings Loss From Discontinued Operations Net Of Income Taxes And Gain On Sale [Line Items]
Total revenues from discontinued operations																			738
Pre-tax (loss) earnings from Personalized and Document Imaging																			(217)
Other Discontinued Operations [Member] | Successor [Member]
Components Of Revenues Earnings Loss From Discontinued Operations Net Of Income Taxes And Gain On Sale [Line Items]
Total revenues from discontinued operations																		1
Pre-tax (loss) earnings from Personalized and Document Imaging																		$ 1
Other Discontinued Operations [Member] | Predecessor [Member]
Components Of Revenues Earnings Loss From Discontinued Operations Net Of Income Taxes And Gain On Sale [Line Items]
Total revenues from discontinued operations																			23
Pre-tax (loss) earnings from Personalized and Document Imaging																			$ (14)

[1] Refer to Note 27, “Discontinued Operations”, in the Notes to Financial Statements for a discussion regarding discontinued operations.

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Note 28 - Quarterly Sales and Earnings Data (Unaudited) (Details) - Quarterly Sales and Earnings Data Ending 2015 - Successor [Member] - USD ($) $ / shares in Units, $ in Millions	3 Months Ended																4 Months Ended	12 Months Ended
	Dec. 31, 2015		Sep. 30, 2015		Jun. 30, 2015		Mar. 31, 2015		Dec. 31, 2014		Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
2015
Net revenues from continuing operations	$ 439		$ 425		$ 434		$ 411		$ 514		$ 550		$ 510		$ 472
Gross profit from continuing operations	117		94		84		83		(108)		158		104		90		$ 118	$ 378	$ 460
Earnings (loss) from continuing operations	30	[1]	(6)		(15)		(37)		(25)	[2]	47		(44)		(35)
(Loss) earnings from discontinued operations	(7)	[3]	(15)	[3]	(8)	[3]	(17)	[3]	(14)	[3]	(29)	[3]	(17)	[3]	1	[3]	4	(8)	4
Net earnings (loss) attributable to Eastman Kodak Company	$ 24		$ (22)		$ (24)		$ (58)		$ (42)		$ 17		$ (62)		$ (36)		$ (81)	$ (80)	$ (123)
Basic and diluted net earnings (loss) per share attributable to Eastman Kodak Company
Continuing operations	$ 0.74		$ (0.17)		$ (0.38)		$ (0.97)										$ (1.58)	$ (0.79)	$ (1.54)
Discontinued operations	(0.17)		(0.36)		(0.19)		(0.41)
Total	$ 0.57		$ (0.53)		$ (0.57)		$ (1.38)										$ (1.94)	$ (1.91)	$ (2.95)

[1] Includes $16 million pre-tax benefit from the change in U.S. vacation benefits, which increased net earnings from continuing operations by $16 million.

[2] Includes pre-tax charge of $16 million from the remeasurement of the Venezuelan subsidiary monetary assets and liabilities, which decreased net earnings from continuing operations by $16 million.

[3] Refer to Note 27, “Discontinued Operations”, in the Notes to Financial Statements for a discussion regarding discontinued operations.

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Note 28 - Quarterly Sales and Earnings Data (Unaudited) (Details) - Quarterly Sales and Earnings Data Ending 2014 - Successor [Member] - USD ($) $ / shares in Units, $ in Millions	3 Months Ended																4 Months Ended	12 Months Ended
	Dec. 31, 2015		Sep. 30, 2015		Jun. 30, 2015		Mar. 31, 2015		Dec. 31, 2014		Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
2014
Net revenues from continuing operations	$ 439		$ 425		$ 434		$ 411		$ 514		$ 550		$ 510		$ 472
Gross profit from continuing operations	117		94		84		83		(108)		158		104		90		$ 118	$ 378	$ 460
(Loss) earnings from continuing operations	30	[1]	(6)		(15)		(37)		(25)	[2]	47		(44)		(35)
(Loss) earnings from discontinued operations	(7)	[3]	(15)	[3]	(8)	[3]	(17)	[3]	(14)	[3]	(29)	[3]	(17)	[3]	1	[3]	4	(8)	4
Net earnings (loss) attributable to Eastman Kodak Company	$ 24		$ (22)		$ (24)		$ (58)		$ (42)		$ 17		$ (62)		$ (36)		$ (81)	$ (80)	$ (123)
Basic net (loss) earnings per share attributable to Eastman Kodak Company
Continuing operations									$ (0.67)		$ 1.10		$ (1.08)		$ (0.88)
Discontinued operations									(0.33)		(0.69)		(0.41)		0.02
Total									(1.00)		0.41		(1.49)		(0.86)
Diluted net (loss) earnings per share attributable to Eastman Kodak Company
Continuing operations									(0.67)		1.06		(1.08)		(0.88)
Discontinued operations									(0.33)		(0.67)		(0.41)		0.02
Total									$ (1.00)		$ 0.39		$ (1.49)		$ (0.86)

[1] Includes $16 million pre-tax benefit from the change in U.S. vacation benefits, which increased net earnings from continuing operations by $16 million.

[2] Includes pre-tax charge of $16 million from the remeasurement of the Venezuelan subsidiary monetary assets and liabilities, which decreased net earnings from continuing operations by $16 million.

[3] Refer to Note 27, “Discontinued Operations”, in the Notes to Financial Statements for a discussion regarding discontinued operations.

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Note 28 - Quarterly Sales and Earnings Data (Unaudited) (Details) - USD ($) $ in Millions	3 Months Ended				12 Months Ended
	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2015	Dec. 31, 2014
Quarterly Sales And Earnings Data [Line Items]
Licenses Revenue				$ 51
Increase Decrease in Earnings from Continuing Operations	$ 16		$ (16)
Foreign Currency Transaction Gain (Loss), before Tax		$ (2)	$ (16)		$ 2	$ 16
Change in U.S. vacation benefits	$ 16
Licensing Revenue [Member]
Quarterly Sales And Earnings Data [Line Items]
Increase Decrease in Earnings from Continuing Operations				$ 51

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Schedule II - Valuation and Qualifying Accounts (Details) - USD ($) $ in Millions	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Successor [Member] | Allowance for Doubtful Accounts, Current [Member]
Valuation Allowance [Line Items]
Beginning Balance			$ 11	$ 6
Additions	$ 6		4	5
Net Deductions and Other			5
Ending Balance	6		10	11
Successor [Member] | Valuation Allowance of Deferred Tax Assets [Member]
Valuation Allowance [Line Items]
Beginning Balance	1,273		1,127	953
Additions	157		182	257
Net Deductions and Other	477		108	83
Ending Balance	953	$ 1,273	$ 1,201	$ 1,127
Predecessor [Member] | Allowance for Doubtful Accounts, Current [Member]
Valuation Allowance [Line Items]
Beginning Balance	22	30
Net Deductions and Other		8
Ending Balance		22
Predecessor [Member] | Valuation Allowance of Deferred Tax Assets [Member]
Valuation Allowance [Line Items]
Beginning Balance	$ 1,273	2,838
Additions		180
Net Deductions and Other		1,745
Ending Balance		$ 1,273