Note 15 - Revenue

12 Months Ended

Dec. 31, 2020

Revenue From Contract With Customer [Abstract]

Revenue

NOTE 15:  REVENUE

Disaggregation of Revenue

The following tables present revenue disaggregated by major product, portfolio summary and geography.

Major product:

	Year Ended
	December 31, 2020
	Traditional Printing		Digital Printing		Advanced Materials and Chemicals		Brand		Other		Total
Plates, inks and other    consumables	$	463	$	64	$	5	$	—	$	—	$	532
Ongoing service    arrangements (1)		80		131		1		—		—		212
Total Annuities		543		195		6		—		—		744
Equipment & Software		49		46		—		—		—		95
Film and chemicals		—		—		154		—		—		154
Other (2)		—		—		12		13		11		36
Total	$	592	$	241	$	172	$	13	$	11	$	1,029
	Year Ended
	December 31, 2019
	Traditional Printing		Digital Printing		Advanced Materials and Chemicals		Brand		Other		Total
Plates, inks and other    consumables	$	572	$	83	$	11	$	—	$	—	$	666
Ongoing service    arrangements (1)		86		155		3		—		—		244
Total Annuities		658		238		14		—		—		910
Equipment & Software		56		55		—		—		—		111
Film and chemicals		—		—		166		—		—		166
Other (2)		13		—		20		12		10		55
Total	$	727	$	293	$	200	$	12	$	10	$	1,242

⁽¹⁾ Service revenue in the Consolidated Statement of Operations includes the ongoing service revenue shown above as well as revenue from project-based document management and managed print services businesses, which is included in Other above.

⁽²⁾ Other includes revenue from professional services, non-recurring engineering services, print and managed media services, tenant rent and related property management services and licensing.

Product Portfolio Summary:

	Year Ended
	December 31, 2020
	Traditional Printing		Digital Printing		Advanced Materials and Chemicals		Brand		Other		Total
Growth engines (1)	$	162	$	135	$	3	$	13	$	—	$	313
Strategic other businesses (2)		430		52		159		—		11		652
Planned declining    businesses (3)		—		54		10		—		—		64
	$	592	$	241	$	172	$	13	$	11	$	1,029
	Year Ended
	December 31, 2019
	Traditional Printing		Digital Printing		Advanced Materials and Chemicals		Brand		Other		Total
Growth engines (1)	$	180	$	140	$	3	$	12	$	—	$	335
Strategic other businesses (2)		547		78		172		—		10		807
Planned declining    businesses (3)		—		75		25		—		—		100
	$	727	$	293	$	200	$	12	$	10	$	1,242

⁽¹⁾ Growth engines consist of Sonora in the Traditional Printing segment, PROSPER and Software in the Digital Printing segment, brand licensing and Advanced Materials and Functional Printing in the Advanced Materials and Chemicals segment, excluding intellectual property (IP) licensing.

⁽²⁾ Strategic other businesses include plates and CTP equipment and related service in the Traditional Printing segment; Nexpress and related toner business in the Digital Printing segment; and Motion Picture and Industrial Film and Chemicals (including external inks) and IP licensing in the Advanced Materials and Chemicals segment.

⁽³⁾ Planned declining businesses are product lines where the decision has been made to stop new product development and manage an orderly expected decline in the installed product and annuity base or are otherwise not strategic to Kodak. These product families consist of Consumer Inkjet, KSB and Kodakit in the Advanced Materials and Chemicals segment and Versamark and Digimaster in the Digital Printing segment.

Geography ⁽¹⁾:

	Year Ended
	December 31, 2020
	Traditional Printing		Digital Printing		Advanced Materials and Chemicals		Brand		Other		Total
United States	$	121	$	106	$	115	$	13	$	11	$	366
Canada		14		8		1		—		—		23
North America		135		114		116		13		11		389
Europe, Middle East and Africa		257		86		12		—		—		355
Asia Pacific		171		37		43		—		—		251
Latin America		29		4		1		—		—		34
Total Sales	$	592	$	241	$	172	$	13	$	11	$	1,029
	Year Ended
	December 31, 2019
	Traditional Printing		Digital Printing		Advanced Materials and Chemicals		Brand		Other		Total
United States	$	162	$	147	$	122	$	12	$	10	$	453
Canada		13		8		2		—		—		23
North America		175		155		124		12		10		476
Europe, Middle East and Africa		300		87		21		—		—		408
Asia Pacific		208		44		54		—		—		306
Latin America		44		7		1		—		—		52
Total Sales	$	727	$	293	$	200	$	12	$	10	$	1,242

⁽¹⁾ Sales are reported in the geographic area in which they originate.  No non-U.S. country generated more than 10% of net sales in the years ended December 31, 2020 and 2019.

Contract Balances

The timing of revenue recognition, billings and cash collections results in billed trade receivables, unbilled receivables (contract assets), and customer advances and deposits (contract liabilities) in the Consolidated Statement of Financial Position.  The contract assets are transferred to trade receivables when the rights to consideration become unconditional.   The amounts recorded for contract assets at December 31, 2020 and 2019 were $2 million and $4 million, respectively, and are reported in Other current assets in the Consolidated Statement of Financial Position.  The contract liabilities primarily relate to prepaid service contracts, upfront payments for certain equipment purchases or prepaid royalties on intellectual property arrangements.  The amounts recorded for contract liabilities at December 31, 2020 and 2019 were $64 million and $61 million, respectively, of which $47 million and $43 million, respectively, are reported in Other current liabilities and $17 million and $18 million, respectively, are reported in Other long-term liabilities in the Consolidated Statement of Financial Position.

Revenue recognized for the years ended December 31, 2020 and 2019 that was included in the contract liability balance at the beginning of the year was $43 million and $34 million, respectively, and primarily represented revenue from prepaid service contracts and equipment revenue recognition.  Contract liabilities as of December 31, 2020 and 2019 included $41 million and $47 million, respectively of cash payments received during the years ended December 31, 2020 and 2019, respectively.