Note 13 - Restructuring Liabilities

3 Months Ended

Mar. 31, 2018

Restructuring And Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

NOTE 13: RESTRUCTURING LIABILITIES

Charges for restructuring activities 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.  Restructuring actions taken in the first three months of 2018 were initiated to reduce Kodak’s cost structure as part of its commitment to drive sustainable profitability and included various targeted reductions in manufacturing, service, sales, and other administrative functions.

Restructuring Reserve Activity

The activity in the accrued balances and the non-cash charges and credits incurred in relation to restructuring activities for the three months ended March 31, 2018 were as follows:

(in millions)	Severance Reserve (1)			Exit Costs Reserve (1)		Long-lived Asset Impairments and Inventory Write-downs (1)		Total
Balance as of December 31, 2017	$	6		$	4	$	—	$	10
Q1 charges		2			—		—		2
Q1 utilization/cash payments		(4	)		—		—		(4	)
Balance as of March 31, 2018	$	4		$	4	$	—	$	8

⁽¹⁾ The severance and exit costs reserves require the outlay of cash, while long-lived asset impairments and inventory write-downs represent non-cash items.

For the three months ended March 31, 2018 the $2 million of charges were reported as Restructuring costs and other.  

The severance costs for the three months ended March 31, 2018 related to the elimination of approximately 35 positions including approximately 10 manufacturing/service positions and 25 administrative and sales positions. These positions were located primarily outside of the United States and Canada.

As a result of these initiatives, the majority of the severance will be paid during periods through the end of 2018.