Note 14 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

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 (in millions):

	Year Ended December 31,
	2016			2015			2014
Earnings (loss) from continuing operations before income taxes:
U.S.	$	(39	)	$	(136	)	$	(151	)
Outside the U.S.		117			138			102
Total	$	78		$	2		$	(49	)
U.S. income taxes:
Current provision (benefit)	$	1		$	1		$	(2	)
Deferred provision		6			9			4
Income taxes outside the U.S.:
Current provision (benefit)		14			20			(1	)
Deferred provision		11			—			7
State and other income taxes:
Current provision		—			—			1
Deferred provision		—			—			1
Total provision	$	32		$	30		$	10

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

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 (in millions):

	Year Ended December 31,
	2016			2015			2014
Amount computed using the statutory rate	$	27		$	1		$	(17	)
Increase (reduction) in taxes resulting from:
State and other income taxes, net of federal		—			—			1
Unremitted foreign earnings		6			26			4
Operations outside the U.S.		19			25			95
Legislative rate changes		6			—			—
Valuation allowance		(67	)		(83	)		(127	)
Tax settlements and adjustments, including interest		2			2			(5	)
Discharge of debt and other reorganization related items		40			60			57
Other, net		(1	)		(1	)		2
Provision for income taxes	$	32		$	30		$	10

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The significant components of deferred tax assets and liabilities were as follows (in millions):

	As of December 31,
	2016		2015
Deferred tax assets
Pension and postretirement obligations	$	162	$	187
Restructuring programs		1		3
Foreign tax credit		335		314
Inventories		10		14
Investment tax credit		71		80
Employee deferred compensation		41		46
Depreciation		63		62
Research and development costs		144		188
Tax loss carryforwards		435		380
Other deferred revenue		11		13
Other		80		112
Total deferred tax assets	$	1,353	$	1,399

Deferred tax liabilities
Leasing	$	1	$	1
Goodwill/Intangibles		48		49
Unremitted foreign earnings		76		121
Total deferred tax liabilities		125		171
Net deferred tax assets before valuation allowance		1,228		1,228
Valuation allowance		1,209		1,201
Net deferred tax assets	$	19	$	27

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

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

	As of December 31,
	2016			2015
Deferred income taxes (current)	$	—		$	22
Deferred income taxes (non-current)		35			23
Other long-term liabilities		(16	)		(18	)
Net deferred tax assets	$	19		$	27

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

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

	Year Ended December 31,
	2016			2015			2014
Balance as of January 1	$	85		$	92		$	106
Tax positions related to the current year:
Additions		—			1			2
Tax positions related to prior years:
Additions		1			—			1
Reductions		(2	)		(7	)		(14	)
Settlements with taxing jurisdictions		—			—			(1	)
Lapses in statute of limitations		—			(1	)		(2	)
Balance as of December 31	$	84		$	85		$	92