Note 22 - Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2017

Table [Text Block]

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

The net effect of foreign currency forward contracts in the results of operations is shown in the following table:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(in millions)	2017			2016			2017			2016
Net loss from derivatives not designated as hedging    instruments	$	(8	)	$	(2	)	$	(8	)	$	(3	)

Derivative Liability Key Inputs in Determination of Fair Value of Optional and Mandatory Conversion [Table Text Block]

The following table presents the key inputs in the determination of the fair value of the Optional Conversion and Mandatory Conversion at September 30, 2017 and December 31, 2016:

	Valuation Date
	September 30, 2017			December 31, 2016
Total value of embedded derivative liability ($ millions)	$	1		$	43
Kodak's closing stock price		7.35			15.50
Expected stock price volatility		43.27	%		42.85	%
Risk free rate		1.79	%		1.93	%
Yield on the preferred stock		12.46	%		11.38	%