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Note 16 - Other Operating Expense, Net
 12 Months Ended
Dec. 31, 2019
Other Operating Expense Income Net [Abstract]  
Other Operating Expense, Net

 

NOTE 16:  OTHER OPERATING EXPENSE, NET

 

 

 

Year Ended December 31,

 

(in millions)

 

2019

 

 

2018

 

Expense (income):

 

 

 

 

 

 

 

 

Loss (gain) related to the sales of assets (1)

 

$

14

 

 

$

(13

)

Transition services agreement income

 

 

(6

)

 

 

—

 

Asset impairments (2), (3)

 

 

6

 

 

 

13

 

Korea withholding tax refund (4)

 

 

—

 

 

 

16

 

Legal reserve changes

 

 

—

 

 

 

(6

)

Other

 

 

1

 

 

 

(1

)

Total

 

$

15

 

 

$

9

 

 

 

(1)

In the third quarter of 2019, Kodak sold its shares of Kodak (China) Graphic Communication Co., Ltd. and recognized a loss of $12 million.  Refer to Note 30 “Assets Held for Sale”.

 

 

(2)

In the fourth quarter of 2019, Kodak determined the carrying value of one building no longer in use exceeded its fair value and recorded an impairment charge of $2 million. ”

 

 

(3)

In the fourth quarters of 2019 and 2018, Kodak recorded impairment charges of $4 million and $13 million, respectively, related to the Kodak trade name. Refer to Note 5, “Goodwill and Other Intangible Assets”.

 

(4)

  Refer to Note 18, “Income Taxes”, section, “IRS and Korean National Tax Service Agreement”.