Note 24 - Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

Derivatives Not Designated as Hedging Instruments

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)	2019			2018			2019		2018
Net (loss) gain from derivatives not designated as hedging    instruments	$	(1	)	$	(2	)	$	2	$	(8	)

Derivative Liability (Asset) Key Inputs in Determination of Fair Value for Embedded Conversion Features and Termination Option

The following tables present the key inputs in the determination of fair value for the embedded conversion features and termination option derivatives:

Convertible Notes:

	Valuation Date
				May 24,
	September 30,			2019
	2019			(Inception)
Total value of embedded derivative liability ($ millions)	$	18		$	14
Kodak's closing stock price	$	2.64		$	2.31
Expected stock price volatility		89.16	%		92.48	%
Risk free rate		1.62	%		2.13	%
Yield on the convertible notes		12.82	%		11.98	%

Series A Preferred Stock:

	Valuation Date
	September 30,			December 31,
	2019			2018
Total value of embedded derivative asset ($ millions)	$	5		$	4
Kodak's closing stock price	$	2.64		$	2.55
Expected stock price volatility		89.16	%		95.55	%
Risk free rate		1.62	%		2.46	%
Yield on the preferred stock		19.20	%		23.77	%