XML 75 R64.htm IDEA: XBRL DOCUMENT v3.8.0.1
Note 10 - Summary of Other Operating Expense (Income), Net (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Expense (income):        
Asset impairments [1] $ 20   $ 22 $ 25
Prosper asset remeasurement [2]     12  
Legal settlements [3],[4]   $ (6)   (16)
Gain on sale of assets [5]     (2) (7)
Total $ 20 $ (6) $ 32 $ 2
[1] In the third quarter of 2017, due to canceling its copper mesh touch screen program, Kodak concluded that the carrying value of property, plant and equipment (PP&E) and intangible assets associated with those operations exceeded their fair value. Kodak recorded pre-tax impairment charges in the three months ended September 30, 2017 of $8 million related to the PP&E and $12 million for the intangible assets
[2] In the first quarter of 2017, Kodak reduced the carrying value of Prosper fixed assets ($8 million) and intangible assets ($4 million) to the amount that would have been recorded had the Prosper assets been continuously classified as held and used. Refer to Note 21, “Discontinued Operations’.
[3] In the first quarter of 2016, Kodak received $10 million representing net litigation proceeds from DuPont.
[4] In the third quarter of 2016, Kodak settled a legal contingency and reduced the associated reserve by $6 million.
[5] On June 30, 2016, Kodak sold certain assets of its brand protection business to eApeiron Solutions Inc. in exchange for cash consideration of approximately $6 million and an equity investment of 19.9%. Kodak is accounting for this investment under the equity method of accounting. Kodak recognized a gain of approximately $7 million on this transaction.