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Note 20 - Financial Instruments (Tables)
9 Months Ended
Sep. 30, 2023
Notes Tables  
Derivatives Not Designated as Hedging Instruments [Table Text Block]
  

Three Months Ended

  

Nine Months Ended

 
  

September 30,

  

September 30,

 

(in millions)

 

2023

  

2022

  

2023

  

2022

 

Net loss from derivatives not designated as hedging instruments

 $3  $6  $15  $16 
Embedded Derivative, Gain (Loss) on Embedded Derivative [Table Text Block]
  

Three Months Ended

  

Nine Months Ended

 
  

September 30,

  

September 30,

 

(in millions)

 

2023

  

2022

  

2023

  

2022

 

Net loss (gain) from Preferred Stock and Convertible Notes embedded derivatives

 $  $  $2  $(1)
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]
  

Valuation Date

 
  

July 21,

  

December 31,

 
  

2023

  

2022

 

Total value of embedded derivative liability ($ millions)

 $5  $2 

Kodak's closing stock price

 $5.26  $3.05 

Expected stock price volatility

  60.00%  50.00%

Risk free rate

  4.50%  4.17%

Implied credit spread on the Convertible Notes

  17.75%  26.19%
  

Valuation Date

 
  

September 30,

  

December 31,

 
  

2023

  

2022

 

Total value of embedded derivative liability ($ millions)

 $1  $1 

Kodak's closing stock price

 $4.21  $3.05 

Expected stock price volatility

  55.00%  50.00%

Risk free rate

  4.88%  4.17%

Implied credit spread on the preferred stock

  19.32%  27.19%
  

Valuation Date

 
  

September 30,

  

December 31,

 
  

2023

  

2022

 

Total value of embedded derivative liability ($ millions)

 $1  $1 

Kodak's closing stock price

 $4.21  $3.05 

Expected stock price volatility

  55.00%  50.00%

Risk free rate

  4.88%  4.17%

Implied credit spread on the preferred stock

  21.32%  29.19%