Note 24 - Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2020

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
	March 31,
(in millions)	2020			2019
Net (gain) loss from derivatives not designated as hedging    instruments	$	(1	)	$	4

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
	March 31,			December 31,
	2020			2019
Total value of embedded derivative liability ($ millions)	$	5		$	51
Kodak's closing stock price	$	1.73		$	4.65
Expected stock price volatility		111.98	%		104.61	%
Risk free rate		0.21	%		1.58	%
Yield on the convertible notes		14.52	%		11.52	%

Series A Preferred Stock:

	Valuation Date
	March 31,			December 31,
	2020			2019
Total value of embedded derivative (asset) liability ($ millions)	$	(6	)	$	1
Kodak's closing stock price	$	1.73		$	4.65
Expected stock price volatility		111.98	%		104.61	%
Risk free rate		0.21	%		1.58	%
Yield on the preferred stock		19.98	%		16.27	%