Note 14 - Financial Instruments (Tables)

12 Months Ended

Dec. 31, 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:

	Year Ended December 31,
(in millions)	2019		2018
Net loss from derivatives not designated as hedging    instruments	$	4	$	10

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,
	December 31,			2019
	2019			(Inception)
Total value of embedded derivative liability (in millions)	$	51		$	14
Kodak's closing stock price		4.65			2.31
Expected stock price volatility		104.61	%		92.48	%
Risk free rate		1.58	%		2.13	%
Yield on the convertible notes		11.52	%		11.98	%

Series A Preferred Stock:

	Valuation Date
	December 31,
	2019			2018
Total value of embedded derivative liability (asset) (in millions)	$	1		$	(4	)
Kodak's closing stock price		4.65			2.55
Expected stock price volatility		104.61	%		95.55	%
Risk free rate		1.58	%		2.46	%
Yield on the preferred stock		16.27	%		23.77	%