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Note 16 - Other Operating (Income) Expense, Net
 12 Months Ended
Dec. 31, 2020
Other Operating Expense Income Net [Abstract]  
Other Operating (Income) Expense, Net

 

NOTE 16:  OTHER OPERATING (INCOME) EXPENSE, NET

 

 

 

Year Ended December 31,

 

(in millions)

 

2020

 

 

2019

 

Expense (income):

 

 

 

 

 

 

 

 

(Gain) loss related to the sales of assets (1), (2)

 

$

(10

)

 

$

14

 

Transition services agreement income

 

 

(6

)

 

 

(6

)

Asset impairments (3), (4)

 

 

3

 

 

 

6

 

Other

 

 

(1

)

 

 

1

 

Total

 

$

(14

)

 

$

15

 

 

 

(1)

In the first quarter of 2020, Kodak sold a property in the U.S. and recognized a gain of $9 million.

 

 

(2)

In the third quarter of 2019, Kodak sold its shares of Kodak (China) Graphic Communication Co., Ltd. and recognized a loss of $12 million.

 

 

(3)

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.

 

 

(4)

In the first quarter of 2020 and the fourth quarter of 2019, Kodak recorded impairment charges of $3 million and $4 million, respectively, related to the Kodak trade name. Refer to Note 5, “Goodwill and Other Intangible Assets”.