Eastman Kodak (KODK) 10-Q 5 May 16 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2016	Apr. 25, 2016
Entity Registrant Name	Eastman Kodak Co
Entity Central Index Key	31,235
Trading Symbol	kodk
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		42,220,176
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Statement of Opera

Consolidated Statement of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Sales	$ 288	$ 326
Services	74	85
Total revenues	362	411
Sales	228	268
Services	48	60
Total cost of revenues	276	328
Gross profit	86	83
Selling, general and administrative expenses	40	52
Research and development costs	9	13
Restructuring costs and other	4	17
Other operating expense, net (5)	14	3
Income (loss) from continuing operations before interest expense, other charges, net, reorganization items, net and income taxes	19	(2)
Interest expense	16	15
Other charges, net	$ 1	10
Reorganization items, net		5
Income (loss) from continuing operations before income taxes	$ 2	(32)
Provision for income taxes	6	5
Loss from continuing operations	(4)	(37)
Loss from discontinued operations, net of income taxes	(11)	(17)
Net loss	(15)	(54)
Less: net income attributable to noncontrolling interests	3	4
NET LOSS ATTRIBUTABLE TO EASTMAN KODAK COMPANY	$ (18)	$ (58)
Basic and diluted net (loss) earnings per share attributable to Eastman Kodak Company common shareholders:
Continuing operations (in dollars per share)	$ (0.17)	$ (0.97)
Discontinued operations (in dollars per share)	(0.26)	(0.41)
Total (in dollars per share)	$ (0.43)	$ (1.38)
Number of common shares used in basic and diluted net (loss) earnings per share (in shares)	42.1	41.9

Consolidated Statement of Compr

Consolidated Statement of Comprehensive (Loss) Income (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Net loss	$ (15)	$ (54)
Less: net income attributable to noncontrolling interests	3	4
Net loss attributable to Eastman Kodak Company	(18)	(58)
Other comprehensive (loss) income, net:
Currency translation adjustments	$ 8	(7)
Unrealized gains on available-for-sale securities, net		1
Pension and other postretirement benefit plan obligation activity, net	$ (146)	7
Other comprehensive loss, net attributable to Eastman Kodak Company	(138)	1
COMPREHENSIVE LOSS, NET ATTRIBUTABLE TO EASTMAN KODAK COMPANY	$ (156)	$ (57)

Consolidated Statement of Finan

Consolidated Statement of Financial Position (Unaudited) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents	$ 513	$ 546
Receivables, net	319	346
Inventories, net	286	263
Deferred income taxes	22	22
Other current assets	23	28
Current assets held for sale	141	73
Total current assets	1,304	1,278
Property, plant and equipment, net of accumulated depreciation of $336 and $314, respectively	372	394
Goodwill	88	88
Intangible assets	101	119
Restricted cash	53	43
Deferred income taxes	23	23
Other long-term assets	$ 125	122
Long-term assets held for sale		71
TOTAL ASSETS	$ 2,066	2,138
LIABILITIES AND EQUITY (DEFICIT)
Accounts payable, trade	177	186
Current portion of long-term debt	4	4
Other current liabilities	230	247
Current liabilities held for sale	32	22
Total current liabilities	443	459
Long-term debt, net of current portion	672	673
Pension and other postretirement liabilities	735	619
Other long-term liabilities	$ 264	277
Long-term liabilities held for sale		7
Total Liabilities	$ 2,114	$ 2,035
Equity (Deficit)
Common stock, $0.01 par value
Additional paid in capital	$ 635	$ 633
Treasury stock, at cost	(5)	(5)
Accumulated deficit	(301)	(283)
Accumulated other comprehensive loss	(405)	(267)
Total Eastman Kodak Company shareholders’ equity (deficit)	(76)	78
Noncontrolling interests	28	25
Total equity (deficit)	(48)	103
TOTAL LIABILITIES AND EQUITY (DEFICIT)	$ 2,066	$ 2,138

Consolidated Statement of Fina5

Consolidated Statement of Financial Position (Unaudited) (Parentheticals) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Property, plant and equipment, accumulated depreciation	$ 336	$ 314
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01

Consolidated Statement of Cash

Consolidated Statement of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net loss	$ (15)	$ (54)
Adjustments to reconcile to net cash used in operating activities:
Depreciation and amortization	30	38
Pension and other postretirement income	$ (37)	(25)
Net gain on sales of businesses/assets		(3)
Non-cash restructuring costs, asset impairments and other charges	$ 25	6
Stock based compensation	$ 2	7
Non-cash reorganization items, net		2
Payment of claims		$ (9)
Provision for deferred income taxes	$ 3
Decrease in receivables	38	$ 33
Increase in inventories	(20)	(35)
Decrease in liabilities excluding borrowings	(46)	(55)
Other items, net	(1)	6
Total adjustments	(6)	(35)
Net cash used in operating activities	(21)	(89)
Cash flows from investing activities:
Additions to properties	$ (5)	(7)
Proceeds from sales of businesses/assets, net		2
Funding of restricted cash	$ (10)	(1)
Net cash used in investing activities	(15)	(6)
Cash flows from financing activities:
Repayment of emergence credit facilities	$ (1)	(1)
Proceeds from VIE credit facility		1
Treasury stock purchases		(1)
Net cash used in financing activities	$ (1)	(1)
Effect of exchange rate changes on cash	3	(7)
Net decrease in cash and cash equivalents	(34)	(103)
Cash and cash equivalents, beginning of period (1)	546	712	[1]
Cash and cash equivalents, end of period (1)	$ 513	$ 609
[1]	Cash and cash equivalents, beginning of period includes $546 million of cash reported in the Statement of Financial Position and $1 million of cash reported in Current assets held for sale. There is no cash reported in Current assets held for sale at the end of the period.

Consolidated Statement of Cash7

Consolidated Statement of Cash Flows (Unaudited) (Parentheticals) $ in Millions	Mar. 31, 2016USD ($)
Cash and Cash Equivalent [Member]
Cash and cash equivalents	$ 546
Current Assets Held for Sale [Member]
Cash and cash equivalents	1
Cash and cash equivalents	$ 513

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation and Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Basis of Presentation and Significant Accounting Policies [Text Block]	NOTE 1: BASIS OF PRESENTATION AND RECENT ACCOUNTING PRONOUNCEMENTS BASIS OF PRESENTATION The consolidated interim financial statements are unaudited, and certain information and footnote disclosures related thereto normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been omitted in accordance with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. In the opinion of management, the accompanying unaudited consolidated interim financial statements reflect all adjustments (consisting of normal recurring adjustments) necessary to present fairly the results of operations, financial position and cash flows of Eastman Kodak Company (“EKC” or the “Company”) and all companies directly or indirectly controlled, either through majority ownership or otherwise (collectively, “Kodak”). The results of operations for the interim periods are not necessarily indicative of the results for the entire fiscal year. These consolidated interim financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2015. Kodak is the primary beneficiary of a utilities variable interest entity, RED – Rochester, LLC (“RED”). Therefore, Kodak consolidates RED’s assets, liabilities and results of operations. Consolidated assets and liabilities of RED are $71 million and $14 million, respectively, as of March 31, 2016 and $69 million and $13 million, respectively, as of December 31, 2015. RED’s equity in those net assets as of March 31, 2016 and December 31, 2015 is $26 million and $25 million, respectively. RED’s results of operations are reflected in net income attributable to noncontrolling interest in the accompanying Consolidated Statement of Operations. Reclassifications Certain amounts for prior periods have been reclassified to conform to the current period classification due to the presentation of discontinued operations, assets held for sale and for a change in the segment measure of profitability. Refer to Note 16, “Segment Information” and Note 17, “Discontinued Operations” for additional information. RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-03, Imputation of Interest (Sub-Topic 835.30): Simplifying the Presentation of Debt Issuance Costs. ASU 2015-03 requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. In August 2015, the FASB issued ASU 2015-15 clarifying the application of this guidance to line of credit arrangements. The amendments in the ASUs are effective retrospectively for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015 (January 1, 2016 for Kodak). The adoption of this guidance did not have a material impact on Kodak’s Consolidated Financial Statements. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS In March 2016, the FASB issued ASU 2016-09, In February 2016, the FASB issued ASU 2016-02, In January 2016, the FASB issued ASU 2016-01, Financial Instruments–Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. ASU 2016-01 primarily affects the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. Under the ASU all equity investments in unconsolidated entities (other than those accounted for using the equity method of accounting) will generally be measured at fair value through earnings. In addition, the FASB clarified guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. The classification and measurement guidance will be effective for Kodak beginning January 1, 2018, including interim periods within those fiscal years. Kodak is currently evaluating the impact of this ASU. In November 2015, the FASB issued ASU 2015-17, Income Taxes (Topic 740) Balance Sheet Classification of Deferred Taxes. ASU 2015-17 amends the accounting for income taxes and requires all deferred tax assets and liabilities to be classified as non-current on the consolidated balance sheet. ASU 2015-17 is effective for fiscal years and interim reporting periods within those years beginning after December 15, 2016 (January 1, 2017 for Kodak), with early adoption permitted in any annual or interim period. ASU 2015-17 may be adopted either prospectively or retrospectively. Kodak is currently evaluating the method of adoption and expects ASU 2015-17 will have an impact on the consolidated balance sheet. The current deferred tax assets in excess of valuation allowance were $22 million as of March 31, 2016. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” ASU 2014-09 supersedes the revenue recognition requirements in Topic 605, “Revenue Recognition” and most industry-specific guidance. The core principle of ASU 2014-09 is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In July 2015, the FASB deferred the effective date of ASU 2014-09. In 2016 the FASB issued ASU 2016-08 and ASU 2016-10 clarifying the guidance regarding principle vs agent considerations, identification of performance obligations and analysis of licensing transactions. The new revenue standards are collectively effective for fiscal years, and interim periods within those years, beginning after December 15, 2017 (January 1, 2018 for Kodak) and allow either a full retrospective adoption to all periods presented or a modified retrospective adoption approach with the cumulative effect of initial application recognized at the date of initial application. Kodak is currently evaluating the adoption alternatives and impact of these ASUs.

Note 2 - Receivables, Net

Note 2 - Receivables, Net	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE 2: RECEIVABLES, NET (in millions) March 31, 2016 December 31, 2015 Trade receivables $ 268 $ 300 Miscellaneous receivables 51 46 Total (net of allowances of $11 and $10 as of March 31, 2016 and December 31, 2015, respectively) $ 319 $ 346 Approximately $21 million and $28 million of the total trade receivable amounts as of March 31, 2016 and December 31, 2015, respectively, will potentially be settled through customer deductions in lieu of cash payments. Such deductions represent rebates owed to customers and are included in Other current liabilities in the accompanying Consolidated Statement of Financial Position.

Note 3 - Inventories, Net

Note 3 - Inventories, Net	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Inventory Disclosure [Text Block]	NOTE 3: INVENTORIES, NET (in millions) March 31, 2016 December 31, 2015 Finished goods $ 157 $ 141 Work in process 66 61 Raw materials 63 61 Total $ 286 $ 263

Note 4 - Intangible Assets

Note 4 - Intangible Assets	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 4: INTANGIBLE ASSETS The gross carrying amount and accumulated amortization by major intangible asset category as of March 31, 2016 and December 31, 2015 were as follows: March 31, 2016 (in millions) Gross Carrying Amount Accumulated Amortization Net Weighted-Average Amortization Period (in years) Technology-based $ 77 $ 38 $ 39 3 Kodak trade name 40 - 40 Indefinite life Customer-related 30 10 20 7 Other 2 - 2 21 Total $ 149 $ 48 $ 101 December 31, 2015 (in millions) Gross Carrying Amount Accumulated Amortization Net Weighted-Average Amortization Period (in years) Technology-based $ 83 $ 38 $ 45 3 Kodak trade name 46 - 46 Indefinite life Customer-related 37 11 26 7 Other 2 - 2 21 Total $ 168 $ 49 $ 119 During the first quarter of 2016, Kodak updated its impairment analysis of the Kodak trade name to increase the probability of selling its Prosper business. Based on the results of Kodak’s March 31, 2016 analysis, the carrying value of the Kodak trade name exceeded its fair value. The pre-tax trade name impairment charge of $5 million is included in Other operating expense, net in the Consolidated Statement of Operations. Due to the exit of its position in silver metal mesh touch screen development in the first quarter of 2016, Kodak concluded that the carrying value of intangible assets associated with those operations exceeded their fair value and recorded a pre-tax impairment charge of $8 million, which is included in Other operating expense, net in the Consolidated Statement of Operations. Amortization expense related to intangible assets was $5 million for both the three months ended March 31, 2016 and 2015. Estimated future amortization expense related to intangible assets that are currently being amortized as of March 31, 2016 was as follows: (in millions) Q2 - Q4 2016 $ 14 2017 17 2018 13 2019 6 2020 4 2021 and thereafter 7 Total $ 61

Note 5 - Commitments and Contin

Note 5 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 5: COMMITMENTS AND CONTINGENCIES As of March 31, 2016, the Company had outstanding letters of credit of $118 million issued under the Asset Based Revolving Credit Agreement (the “ABL Credit Agreement”), as well as bank guarantees and letters of credit of $4 million, surety bonds in the amount of $17 million, and restricted cash and deposits of $68 million, primarily to support compliance with the Excess Availability threshold under the ABL Credit Agreement, to ensure the payment of possible casualty and workers’ compensation claims, environmental liabilities, legal contingencies, rental payments and to support various customs, tax and trade activities. The restricted cash and deposits are reflected in Restricted cash, Other current assets and Other long-term assets in the Consolidated Statement of Financial Position. Kodak’s Brazilian operations are involved in various litigation matters and have received or been the subject of numerous governmental assessments related to indirect and other taxes in various stages of litigation, as well as civil litigation and disputes associated with former employees and contract labor. The tax matters, which comprise the majority of the litigation matters, are primarily related to federal and state value-added taxes. Kodak is disputing these matters and intends to vigorously defend its position. Kodak routinely assesses all these matters as to the probability of ultimately incurring a liability in its Brazilian operations and records its best estimate of the ultimate loss in situations where it assesses the likelihood of loss as probable. As of March 31, 2016, the unreserved portion of these contingencies, inclusive of any related interest and penalties, for which there was at least a reasonable possibility that a loss may be incurred, amounted to approximately $52 million. In connection with assessments in Brazil, local regulations may require Kodak to post security for a portion of the amounts in dispute. As of March 31, 2016, Kodak has posted security composed of $6 million of pledged cash reported within Restricted cash in the Consolidated Statement of Financial Position and liens on certain Brazilian assets with a net book value of approximately $66 million. Generally, any encumbrances on the Brazilian assets would be removed to the extent the matter is resolved in Kodak's favor. Kodak is involved in various lawsuits, claims, investigations, remediation and proceedings, including commercial, customs, employment, environmental, and health and safety matters, which are being handled and defended in the ordinary course of business. Kodak is also subject, from time to time, to various assertions, claims, proceedings and requests for indemnification concerning intellectual property, including patent infringement suits involving technologies that are incorporated in a broad spectrum of Kodak’s products. These matters are in various stages of investigation and litigation, and are being vigorously defended. Based on information currently available, Kodak does not believe that it is probable that the outcomes in any of these matters, individually or collectively, will have a material adverse effect on its financial position or results of operations. Litigation is inherently unpredictable, and judgments could be rendered or settlements entered that could adversely affect Kodak’s operating results or cash flows in a particular period. Kodak routinely assesses all of its litigation and threatened litigation as to the probability of ultimately incurring a liability, and records its best estimate of the ultimate loss in situations where it assesses the likelihood of loss as probable.

Note 6 - Guarantees

Note 6 - Guarantees	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Guarantees [Text Block]	NOTE 6: GUARANTEES EKC guarantees obligations to third parties for some of its consolidated subsidiaries. The maximum amount guaranteed is $17 million and the outstanding amount for those guarantees is $6 million. In connection with the settlement of certain of the Company’s historical environmental liabilities at Eastman Business Park, in the event the historical liabilities exceed $99 million, the Company will become liable for 50% of the portion above $99 million with no limitation to the maximum potential future payments. There is no liability recorded for this guarantee. Warranty Costs Kodak offers its customers extended warranty arrangements that are generally one year, but may range from three months to five years after the original warranty period. Kodak provides repair services and routine maintenance under these arrangements. Kodak has not separated the extended warranty revenues and costs from the routine maintenance service revenues and costs, as it is not practicable to do so. Therefore, these revenues and costs have been aggregated in the discussion that follows. The change in Kodak’s deferred revenue balance in relation to these extended warranty and maintenance arrangements from December 31, 2015 to March 31, 2016, which is reflected in Other current liabilities in the accompanying Consolidated Statement of Financial Position, was as follows: (in millions) Deferred revenue on extended warranties as of December 31, 2015 $ 26 New extended warranty and maintenance arrangements in 2016 41 Recognition of extended warranty and maintenance arrangement revenue in 2016 (43 ) Deferred revenue on extended warranties as of March 31, 2016 $ 24

Note 7 - Other Operating Expens

Note 7 - Other Operating Expense, Net	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Other Operating Income and Expense [Text Block]	NOTE 7: OTHER OPERATING EXPENSE, NET (in millions) Three Months Ended March 31, 2016 2015 Expense (income): Silver metal mesh touch screen long-lived asset impairments (1) (2) $ 19 $ - Litigation proceeds (3) (10 ) - Goodwill and indefinite-lived intangible asset impairments (4) (5) 5 6 Gain on sale of assets - (3 ) Total $ 14 $ 3 (1) In the first quarter of 2016, due to the exit of its position in silver metal mesh touch screen development, Kodak concluded that the carrying value of property, plant and equipment associated with those operations exceeded their fair value and recorded a pre-tax impairment charge of $11 million. (2) In the first quarter of 2016, Kodak recorded an impairment charge of $8 million related to silver metal mesh touch screen intangible assets. Refer to Note 4, “Intangible Assets.” (3) In the first quarter of 2016, Kodak received $10 million representing net proceeds arising out of the payment from DuPont in a breach of contract action. (4) In the first quarter of 2016, Kodak recorded an impairment charge of $5 million related to the Kodak trade name. Refer to Note 4, “Intangible Assets.” (5) In the first quarter of 2015, due to the change in Kodak’s reporting units and the delay in commercializing new technologies in the Micro 3D Printing reporting unit, Kodak concluded the carrying value of the Micro 3D Printing reporting unit exceeded its implied value and recorded a goodwill impairment charge of $6 million representing the entire amount of goodwill for this reporting unit.

Note 8 - Other Charges, Net

Note 8 - Other Charges, Net	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Other Nonoperating Income and Expense [Text Block]	NOTE 8: OTHER CHARGES, NET Three Months Ended March 31, (in millions) 2016 2015 Loss on foreign exchange transactions (1 ) (10 )

Note 9 - Income Taxes

Note 9 - Income Taxes	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 9: INCOME TAXES Kodak’s income tax provision and effective tax rate were as follows: Three Months Ended March 31, (in millions) 2016 2015 Earnings (loss) from continuing operations before income taxes $ 2 $ (32 ) Effective tax rate 300.0 % -15.6 % Provision for income taxes 6 5 Provision (benefit) for income taxes 35% 1 (11 ) Difference between tax at effective vs. statutory rate $ 5 $ 16 For the three months ended March 31, 2016, the difference between the Company’s recorded provision and the provision that would result from applying the U.S. statutory rate of 35.0% is primarily attributable to: (1) losses generated within the U.S. for which no benefit was recognized, offset by income in certain jurisdictions outside the U.S. for which no provision was recognized due to management’s conclusion that it was more likely than not that the tax benefits would not be realized, (2) the results from operations in jurisdictions outside the U.S., and (3) changes in audit reserves. For the three months ended March 31, 2015, the difference between the Company’s recorded provision and the benefit that would result from applying the U.S. statutory rate of 35.0% is primarily attributable to: (1) losses generated within the U.S. and certain jurisdictions outside the U.S. for which no benefit was recognized due to management’s conclusion that it was more likely than not that the tax benefits would not be realized and (2) changes in audit reserves.

Note 10 - Restructuring Liabili

Note 10 - Restructuring Liabilities	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	NOTE 10: RESTRUCTURING LIABILITIES Charges for restructuring activities are recorded in the period in which Kodak commits to a formalized restructuring plan, or executes the specific actions contemplated by the plan, and all criteria for liability recognition under the applicable accounting guidance have been met. Restructuring actions taken in the first three months of 2016 were initiated to reduce Kodak’s cost structure as part of its commitment to drive sustainable profitability and included actions associated with the exit of Kodak’s silver metal mesh touch screen development, continued progress toward the Leeds plate manufacturing facility exit, as well as various targeted reductions in manufacturing, service, sales, research and development and other administrative functions. Leeds Plate Manufacturing Facility Exit On March 3, 2014, Kodak announced a plan to exit its prepress plate manufacturing facility located in Leeds, England. This decision was pursuant to Kodak’s initiative to consolidate manufacturing operations globally, and is expected to result in a more efficient delivery of its products and solutions. Kodak began the exit of the facility in the second quarter of 2014, phased out production at the site in the third quarter of 2015 and expects to complete the exit of the facility by the end of the second quarter of 2016. As a result of the decision, Kodak currently expects to incur total charges of $25 to $30 million, including $10 million of charges related to separation benefits, $13 to $15 million of non-cash related charges for accelerated depreciation and asset write-offs and $2 to $5 million in other cash related charges associated with this action. Kodak incurred other exit costs of $1 million in the first three months of 2016 under this program. Under this program, on a life-to-date basis as of March 31, 2016, Kodak has recorded severance charges of $10 million, long-lived asset impairment charges of $3 million, accelerated depreciation charges of $10 million, and other exit costs of $2 million. Restructuring Reserve Activity The activity in the accrued balances and the non-cash charges and credits incurred in relation to restructuring activities for the three months ended March 31, 2016 were as follows: (in millions) Severance Reserve (1) Exit Costs Reserve (1) Long-lived Asset Impairments and Inventory Write-downs (1) Accelerated Depreciation (1) Total Balance as of December 31, 2015 $ 7 $ 4 $ - $ - $ 11 Q1 2016 charges 4 - 1 - 5 Q1 utilization/cash payments (5 ) (1 ) (1 ) - (7 ) Q1 2016 other adjustments & reclasses (2) (1 ) - - - (1 ) Balance as of March 31, 2016 $ 5 $ 3 $ - $ - $ 8 (1) The severance and exit costs reserves require the outlay of cash, while long-lived asset impairments, accelerated depreciation and inventory write-downs represent non-cash items. (2) The $(1) million represents severance related charges for pension plan special termination benefits, which are reflected in Pension and other postretirement liabilities in the Consolidated Statement of Financial Position. For the three months ended March 31, 2016, the $5 million of charges includes $1 million of charges for inventory write-downs which were reported in Cost of revenues in the accompanying Consolidated Statement of Operations. The remaining $4 million was reported as Restructuring costs and other. The severance costs related to the elimination of approximately 50 positions, including approximately 25 manufacturing/ service positions and 25 administrative positions. The geographic composition of these positions includes approximately 25 in the United States and Canada, and 25 throughout the rest of the world. As a result of these initiatives, the majority of the severance will be paid during periods through the first half of 2016. However, in some instances, the employees whose positions were eliminated can elect or are required to receive their payments over an extended period of time. In addition, certain exit costs, such as long-term lease payments, will be paid over periods throughout 2016 and beyond.

Note 11 - Retirement Plans and

Note 11 - Retirement Plans and Other Postretirement Benefits	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	NOTE 11: RETIREMENT PLANS AND OTHER POSTRETIREMENT BENEFITS Components of the net periodic benefit cost for all major U.S. and Non-U.S. defined benefit plans are as follows: Three Months Ended March 31, 2016 2015 (in millions) U.S. Non-U.S. U.S. Non-U.S. Major defined benefit plans: Service cost $ 3 $ 1 $ 4 $ 1 Interest cost 30 3 37 4 Expected return on plan assets (65 ) (7 ) (68 ) (8 ) Amortization of: Prior service credit (2 ) - (2 ) - Net pension income before special termination benefits (34 ) (3 ) (29 ) (3 ) Special termination benefits 1 - 4 - Net pension income (33 ) (3 ) (25 ) (3 ) Other plans including unfunded plans - (1 ) - 2 Total net pension income $ (33 ) $ (4 ) $ (25 ) $ (1 ) The total net pension income reported for the three months ended March 31, 2016 and 2015 includes less than $1 million of costs reported as discontinued operations in each respective period. For the three months ended March 31, 2016 and 2015, the special termination benefits charges of $1 million and $4 million, respectively, were incurred as a result of Kodak’s restructuring actions. Kodak made contributions (funded plans) or paid benefits (unfunded plans) totaling approximately $4 million relating to its defined benefit pension and postretirement plans for the three months ended March 31, 2016. Certain of Kodak’s retirement plans were remeasured during the first quarter of 2016. The remeasurement of the funded status of those plans during the first quarter increased Kodak’s recognized defined benefit plan obligation by $142 million.

Note 12 - Earnings Per Share

Note 12 - Earnings Per Share	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Earnings Per Share [Text Block]	NOTE 12: EARNINGS PER SHARE Basic earnings per share computations are based on the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share include any dilutive effect of potential common shares. In periods with a net loss from continuing operations, diluted earnings per share are calculated using weighted-average basic shares for that period, as utilizing diluted shares would be anti-dilutive to loss per share. Weighted-average basic and diluted shares outstanding were 42.1 million and 41.9 million for the three months ended March 31, 2016 and 2015, respectively. As a result of the net loss from continuing operations presented for the three months ended March 31, 2016 and 2015, Kodak calculated diluted earnings per share using weighted-average basic shares outstanding for that period, as utilizing diluted shares would be anti-dilutive to loss per share. If Kodak had reported earnings from continuing operations for the three months ended March 31, 2016 and 2015, unvested restricted stock units of 0.1 million for both periods and warrants to purchase 0.7 million of common shares at March 31, 2015 would have been dilutive in the computation of diluted earnings per share: The following securities were not included in the computation of diluted earnings per share as they would have been anti-dilutive: (in millions of shares) Three Months Ended March 31, 2016 2015 Restricted stock units 0.4 - Stock options 1.7 0.9 2.1 0.9 The computation of diluted earnings per share for March 31, 2016 also excluded the impact of the assumed conversion of net share settled warrants to purchase (a) 1.8 million shares of common shares at an exercise price of $14.93 and (b) 1.8 million shares of common shares at an exercise price of $16.12 because they would have been anti-dilutive.

Note 13 - Shareholders' Equity

Note 13 - Shareholders' Equity	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 13: SHAREHOLDERS’ EQUITY Kodak has 560 million shares of authorized stock, consisting of: (i) 500 million shares of common stock, par value $0.01 per share and (ii) 60 million shares of preferred stock, no par value, issuable in one or more series. As of both March 31, 2016 and December 31, 2015, there were 42.1 million and 42.0 million shares of common stock and no shares of preferred stock outstanding. Treasury stock consisted of approximately 0.3 million shares at both March 31, 2016 and December 31, 2015.

Note 14 - Other Comprehensive (

Note 14 - Other Comprehensive (Loss) Income	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	NOTE 14: OTHER COMPREHENSIVE (LOSS) INCOME The changes in Other comprehensive (loss) income, by component, were as follows: Three Months Ended March 31, (in millions) 2016 2015 Currency translation adjustments $ 8 $ (7 ) Unrealized gains on available-for-sale securities, before tax - 1 Tax provision - - Unrealized gains on available-for-sale securities, net of tax - 1 Pension and other postretirement benefit plan changes Newly established prior service credit - 4 Newly established net actuarial (loss) gain (142 ) 5 Tax provision - - Newly established prior service credit and net actuarial (loss) gain, net of tax (142 ) 9 Reclassification adjustments: Amortization of prior-service credit (a) (2 ) (2 ) Amortization of actuarial gains (a) (1 ) - Recognition of gains due to settlements (a) (1 ) - Total reclassification adjustments (4 ) (2 ) Tax provision - - Reclassification adjustments, net of tax (4 ) (2 ) Pension and other postretirement benefit plan changes, net of tax (146 ) 7 Other comprehensive (loss) income $ (138 ) $ 1 (a) Reclassified to Total Net Periodic Benefit Cost – refer to Note 11, “Retirement Plans and Other Postretirement Benefits”.

Note 15 - Accumulated Other Com

Note 15 - Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Accumulated Other Comprehensive Income (Loss) [Text Block]	NOTE 15: ACCUMULATED OTHER COMPREHENSIVE LOSS Accumulated other comprehensive loss is composed of the following: (in millions) March 31, 2016 December 31, 2015 Currency translation adjustments $ (59 ) $ (67 ) Available for sale securities 2 2 Pension and other postretirement benefit plan changes (348 ) (202 ) Ending balance $ (405 ) $ (267 )

Note 16 - Segment Information

Note 16 - Segment Information	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 16: SEGMENT INFORMATION Kodak has seven reportable segments: Print Systems, Enterprise Inkjet Systems, Micro 3D Printing and Packaging, Software and Solutions, Consumer and Film, Intellectual Property Solutions and Eastman Business Park. The balance of Kodak’s continuing operations, which do not meet the criteria of a reportable segment, are reported in All Other. A description of the reportable segments follows. Print Systems Micro 3D Printing and Packaging Software and Solutions Consumer and Film Enterprise Inkjet Systems Intellectual Property Solutions Eastman Business Park All Other: Segment financial information is shown below: Net Revenues from Continuing Operations by Reportable Segment Three Months Ended March 31, (in millions) 2016 2015 Print Systems $ 231 $ 254 Micro 3D Printing and Packaging 29 31 Software and Solutions 22 28 Consumer and Film 56 72 Enterprise Inkjet Systems 20 23 Intellectual Property Solutions - - Eastman Business Park 4 3 Consolidated total $ 362 $ 411 Segment Operational EBITDA and Consolidated Earnings (Loss) from Continuing Operations Before Income Taxes Three Months Ended March 31, (in millions) 2016 2015 Print Systems $ 18 $ 13 Micro 3D Printing and Packaging 1 - Software and Solutions 2 2 Consumer and Film 7 18 Enterprise Inkjet Systems 5 7 Intellectual Property Solutions (4 ) (8 ) Eastman Business Park - (1 ) Total of reportable segments 29 31 All Other 3 4 Corporate components of pension and OPEB income (1) 41 33 Depreciation and amortization (27 ) (36 ) Restructuring costs and other (5 ) (17 ) Overhead supporting, but not directly absorbed by discontinued operations (2) (4 ) (5 ) Stock-based compensation (2 ) (6 ) Consulting and other costs (3) (1 ) (2 ) Idle costs (4) (1 ) (1 ) Other operating expense, net (5) (14 ) (3 ) Interest expense (5) (16 ) (15 ) Other charges, net (5) (1 ) (10 ) Reorganization items, net (5) - (5 ) Consolidated earnings (loss) from continuing operations before income taxes $ 2 $ (32 ) (1) Composed of interest cost, expected return on plan assets, amortization of actuarial gains and losses and curtailments and settlement components of pension and other postretirement benefit expenses. (2) Primarily consists of costs for shared resources allocated to the Prosper Enterprise Inkjet business discontinued operation in the prior year period which are now included in the results of continuing operations and an estimate of costs for shared resources which would have been allocated to the Prosper Enterprise Inkjet business discontinued operation in the current year period had the business remained in continuing operations. (3) Consulting and other costs are primarily related to professional services provided for corporate strategic initiatives. (4) Consists of third party costs such as security, maintenance, and utilities required to maintain land and buildings in certain locations not used in any Kodak operations. (5) As reported in the Consolidated Statement of Operations. Segment Measure of Profit and Loss Kodak’s segment measure of profit and loss is an adjusted earnings before interest, taxes, depreciation and amortization (“Operational EBITDA”). As demonstrated in the above table, Operational EBITDA represents the income (loss) from continuing operations excluding the provision (benefit) for income taxes; corporate components of pension and OPEB income; depreciation and amortization expense; restructuring costs; overhead costs no longer absorbed by discontinued operations; stock-based compensation expense; consulting and other costs; idle costs; other operating expense, net (unless otherwise indicated); interest expense; other charges, net and reorganization items, net. Kodak’s segments are measured using Operational EBITDA both before and after allocation of corporate selling, general and administrative expenses (“SG&A”). The segment earnings measure reported is after allocation of corporate SG&A as this most closely aligns with U.S. GAAP. Research and development activities not directly related to the other segments are reported within the Intellectual Property Solutions segment. Change in Segment Measure of Profit and Loss During the first quarter of 2016, Kodak changed its segment measure of profit and loss. The segment measure excludes overhead costs no longer absorbed by discontinued operations (see description above). In addition, manufacturing costs originally planned to be absorbed by silver halide touch screen production are now excluded from the segment measure of profit and loss. There were no manufacturing costs originally planned to be absorbed by silver halide touch screen production in the three months ended March 31, 2016 or 2015.

Note 17 - Discontinued Operatio

Note 17 - Discontinued Operations	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	NOTE 17: DISCONTINUED OPERATIONS KODAK PROSPER Enterprise Inkjet Business In March 2016 Kodak announced that it is in talks with prospective buyers about offers to purchase its KODAK PROSPER Enterprise Inkjet business (the “Business”). The results of operations of the Business are classified as discontinued operations in the Consolidated Statement of Operations for all periods presented. Additionally, the related assets and liabilities associated with the Business are classified as held for sale in the Consolidated Statement of Financial Position as of March 31, 2016 and December 31, 2015. Kodak anticipates the sale may take up to a year to complete. The results of operations of the Business are presented in the following table: Three Months Ended March 31, (in millions) 2016 2015 Revenues $ 14 $ 16 Cost of sales 12 23 Selling, general and administrative expenses 5 6 Research and development expenses 6 5 Loss from discontinued operations, before income taxes (9 ) (18 ) Provision (benefit) for income taxes 1 (1 ) Loss from discontinued operations, net of income taxes $ (10 ) $ (17 ) Loss from discontinued operations for the three months ended March 31, 2016 in the Consolidated Statement of Operations also included $1 million associated with discontinued operations of the Personalized Imaging and Document Imaging Business. The following table presents the aggregate carrying amount of major assets and liabilities of the Business: (in millions) March 31, 2016 December 31, 2015 ASSETS Cash and cash equivalents $ - $ 1 Receivables, net 13 19 Inventories, net 52 51 Property, plant and equipment, net 36 32 Intangible assets, net 38 39 Assets of business held for sale $ 139 $ 142 LIABILITIES Accounts payable, trade $ 6 $ 9 Current portion of long-term debt - 1 Other current liabilities 20 12 Long-term debt, net of current portion 2 2 Other long-term liabilities 4 5 Liabilities of business held for sale $ 32 $ 29 Current assets held for sale as of March 31, 2016 and December 31, 2015 in the Consolidated Statement of Financial Position also included $2 million from assets under contract for sale not associated with the Business. The following table presents cash flow information associated with the Business: Three Months Ended March 31, (in millions) 2016 2015 Depreciation 2 1 Amortization 1 1 Capital expenditures 1 Depreciation and amortization of long-lived assets of the Business included in discontinued operations ceased on April 1, 2016. Direct operating expenses of the discontinued operations are included in the results of discontinued operations. Indirect expenses that were historically allocated to the discontinued operations have been included in the results of continuing operations. Prior period results have been reclassified to conform to the current period presentation.

Note 18 - Financial Instruments

Note 18 - Financial Instruments	3 Months Ended
	Mar. 31, 2016
Notes to Financial Statements
Fair Value Disclosures [Text Block]	NOTE 18: FINANCIAL INSTRUMENTS Kodak, as a result of its global operating and financing activities, is exposed to changes in foreign currency exchange rates and interest rates, which may adversely affect its results of operations and financial position. Kodak manages such exposures, in part, with derivative financial instruments. Foreign currency forward contracts are used to mitigate currency risk related to foreign currency denominated assets and liabilities. Kodak’s exposure to changes in interest rates results from its investing and borrowing activities used to meet its liquidity needs. Kodak does not utilize financial instruments for trading or other speculative purposes. Kodak’s foreign currency forward contracts are not designated as hedges and are marked to market through net (loss) earnings at the same time that the exposed assets and liabilities are re-measured through net (loss) earnings (both in Other charges, net in the Consolidated Statement of Operations). The notional amount of such contracts open at March 31, 2016 and December 31, 2015 was approximately $398 million and $384 million, respectively. The majority of the contracts of this type held by Kodak are denominated in Euros, British pounds, and Chinese renminbi. The net effect of foreign currency forward contracts in the results of operations is shown in the following table: (in millions) Three Months Ended March 31, 2015 2016 Net gain from derivatives not designated as hedging instruments $ 2 $ 18 Kodak had no derivatives designated as hedging instruments for the three months ended March 31, 2016 and 2015. In the event of a default under the Company’s Term Credit Agreements, the ABL Credit Agreement, or a default under any derivative contract or similar obligation of Kodak, subject to certain minimum thresholds, the derivative counterparties would have the right, although not the obligation, to require immediate settlement of some or all open derivative contracts at their then-current fair value, but with liability positions netted against asset positions with the same counterparty. Fair Value Fair values of marketable securities are determined using quoted prices in active markets for identical assets (Level 1 fair value measurements). Fair values of Kodak’s foreign currency forward contracts are determined using observable inputs (Level 2 fair value measurements) and are based on the present value of expected future cash flows (an income approach valuation technique) considering the risks involved and using discount rates appropriate for the duration of the contracts. Neither the fair value of marketable securities nor the gross fair value of the foreign currency forward contracts were material as of March 31, 2016 and December 31, 2015. Transfers between levels of the fair value hierarchy are recognized based on the actual date of the event or change in circumstances that caused the transfer. There were no transfers between levels of the fair value hierarchy during the quarter ended March 31, 2016. The fair value of long-term borrowings is measured on a nonrecurring basis. Fair values of long-term borrowings (Level 2 fair value measurements) are determined by reference to quoted market prices, if available, or by pricing models based on the value of related cash flows discounted at current market interest rates. The fair values of long-term borrowings were $638 million and $586 million at March 31, 2016 and December 31, 2015, respectively. The carrying values of cash and cash equivalents, restricted cash, and short-term borrowings and current portion of long-term debt approximate their fair values.

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	BASIS OF PRESENTATION The consolidated interim financial statements are unaudited, and certain information and footnote disclosures related thereto normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been omitted in accordance with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. In the opinion of management, the accompanying unaudited consolidated interim financial statements reflect all adjustments (consisting of normal recurring adjustments) necessary to present fairly the results of operations, financial position and cash flows of Eastman Kodak Company (“EKC” or the “Company”) and all companies directly or indirectly controlled, either through majority ownership or otherwise (collectively, “Kodak”). The results of operations for the interim periods are not necessarily indicative of the results for the entire fiscal year. These consolidated interim financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2015. Kodak is the primary beneficiary of a utilities variable interest entity, RED – Rochester, LLC (“RED”). Therefore, Kodak consolidates RED’s assets, liabilities and results of operations. Consolidated assets and liabilities of RED are $71 million and $14 million, respectively, as of March 31, 2016 and $69 million and $13 million, respectively, as of December 31, 2015. RED’s equity in those net assets as of March 31, 2016 and December 31, 2015 is $26 million and $25 million, respectively. RED’s results of operations are reflected in net income attributable to noncontrolling interest in the accompanying Consolidated Statement of Operations.
Reclassification, Policy [Policy Text Block]	Reclassifications Certain amounts for prior periods have been reclassified to conform to the current period classification due to the presentation of discontinued operations, assets held for sale and for a change in the segment measure of profitability. Refer to Note 16, “Segment Information” and Note 17, “Discontinued Operations” for additional information.
New Accounting Pronouncements, Policy [Policy Text Block]	RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-03, Imputation of Interest (Sub-Topic 835.30): Simplifying the Presentation of Debt Issuance Costs. ASU 2015-03 requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. In August 2015, the FASB issued ASU 2015-15 clarifying the application of this guidance to line of credit arrangements. The amendments in the ASUs are effective retrospectively for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015 (January 1, 2016 for Kodak). The adoption of this guidance did not have a material impact on Kodak’s Consolidated Financial Statements. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS In March 2016, the FASB issued ASU 2016-09, In February 2016, the FASB issued ASU 2016-02, In January 2016, the FASB issued ASU 2016-01, Financial Instruments–Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. ASU 2016-01 primarily affects the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. Under the ASU all equity investments in unconsolidated entities (other than those accounted for using the equity method of accounting) will generally be measured at fair value through earnings. In addition, the FASB clarified guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. The classification and measurement guidance will be effective for Kodak beginning January 1, 2018, including interim periods within those fiscal years. Kodak is currently evaluating the impact of this ASU. In November 2015, the FASB issued ASU 2015-17, Income Taxes (Topic 740) Balance Sheet Classification of Deferred Taxes. ASU 2015-17 amends the accounting for income taxes and requires all deferred tax assets and liabilities to be classified as non-current on the consolidated balance sheet. ASU 2015-17 is effective for fiscal years and interim reporting periods within those years beginning after December 15, 2016 (January 1, 2017 for Kodak), with early adoption permitted in any annual or interim period. ASU 2015-17 may be adopted either prospectively or retrospectively. Kodak is currently evaluating the method of adoption and expects ASU 2015-17 will have an impact on the consolidated balance sheet. The current deferred tax assets in excess of valuation allowance were $22 million as of March 31, 2016. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” ASU 2014-09 supersedes the revenue recognition requirements in Topic 605, “Revenue Recognition” and most industry-specific guidance. The core principle of ASU 2014-09 is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In July 2015, the FASB deferred the effective date of ASU 2014-09. In 2016 the FASB issued ASU 2016-08 and ASU 2016-10 clarifying the guidance regarding principle vs agent considerations, identification of performance obligations and analysis of licensing transactions. The new revenue standards are collectively effective for fiscal years, and interim periods within those years, beginning after December 15, 2017 (January 1, 2018 for Kodak) and allow either a full retrospective adoption to all periods presented or a modified retrospective adoption approach with the cumulative effect of initial application recognized at the date of initial application. Kodak is currently evaluating the adoption alternatives and impact of these ASUs.

Note 2 - Receivables, Net (Tabl

Note 2 - Receivables, Net (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	(in millions) March 31, 2016 December 31, 2015 Trade receivables $ 268 $ 300 Miscellaneous receivables 51 46 Total (net of allowances of $11 and $10 as of March 31, 2016 and December 31, 2015, respectively) $ 319 $ 346

Note 3 - Inventories, Net (Tabl

Note 3 - Inventories, Net (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Inventory, Current [Table Text Block]	(in millions) March 31, 2016 December 31, 2015 Finished goods $ 157 $ 141 Work in process 66 61 Raw materials 63 61 Total $ 286 $ 263

Note 4 - Intangible Assets (Tab

Note 4 - Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	March 31, 2016 (in millions) Gross Carrying Amount Accumulated Amortization Net Weighted-Average Amortization Period (in years) Technology-based $ 77 $ 38 $ 39 3 Kodak trade name 40 - 40 Indefinite life Customer-related 30 10 20 7 Other 2 - 2 21 Total $ 149 $ 48 $ 101 December 31, 2015 (in millions) Gross Carrying Amount Accumulated Amortization Net Weighted-Average Amortization Period (in years) Technology-based $ 83 $ 38 $ 45 3 Kodak trade name 46 - 46 Indefinite life Customer-related 37 11 26 7 Other 2 - 2 21 Total $ 168 $ 49 $ 119
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	(in millions) Q2 - Q4 2016 $ 14 2017 17 2018 13 2019 6 2020 4 2021 and thereafter 7 Total $ 61

Note 6 - Guarantees (Tables)

Note 6 - Guarantees (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Deferred Revenue, by Arrangement, Disclosure [Table Text Block]	(in millions) Deferred revenue on extended warranties as of December 31, 2015 $ 26 New extended warranty and maintenance arrangements in 2016 41 Recognition of extended warranty and maintenance arrangement revenue in 2016 (43 ) Deferred revenue on extended warranties as of March 31, 2016 $ 24

Note 7 - Other Operating Expe31

Note 7 - Other Operating Expense, Net (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Other Operating Cost and Expense, by Component [Table Text Block]	(in millions) Three Months Ended March 31, 2016 2015 Expense (income): Silver metal mesh touch screen long-lived asset impairments (1) (2) $ 19 $ - Litigation proceeds (3) (10 ) - Goodwill and indefinite-lived intangible asset impairments (4) (5) 5 6 Gain on sale of assets - (3 ) Total $ 14 $ 3

Note 8 - Other Charges, Net (Ta

Note 8 - Other Charges, Net (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Other Nonoperating Expense, by Component [Table Text Block]	Three Months Ended March 31, (in millions) 2016 2015 Loss on foreign exchange transactions (1 ) (10 )

Note 9 - Income Taxes (Tables)

Note 9 - Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Three Months Ended March 31, (in millions) 2016 2015 Earnings (loss) from continuing operations before income taxes $ 2 $ (32 ) Effective tax rate 300.0 % -15.6 % Provision for income taxes 6 5 Provision (benefit) for income taxes 35% 1 (11 ) Difference between tax at effective vs. statutory rate $ 5 $ 16

Note 10 - Restructuring Liabi34

Note 10 - Restructuring Liabilities (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Restructuring and Related Costs [Table Text Block]	(in millions) Severance Reserve (1) Exit Costs Reserve (1) Long-lived Asset Impairments and Inventory Write-downs (1) Accelerated Depreciation (1) Total Balance as of December 31, 2015 $ 7 $ 4 $ - $ - $ 11 Q1 2016 charges 4 - 1 - 5 Q1 utilization/cash payments (5 ) (1 ) (1 ) - (7 ) Q1 2016 other adjustments & reclasses (2) (1 ) - - - (1 ) Balance as of March 31, 2016 $ 5 $ 3 $ - $ - $ 8

Note 11 - Retirement Plans an35

Note 11 - Retirement Plans and Other Postretirement Benefits (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Changes in Projected Benefit Obligations Fair Value of Plan Assets and Funded Status of Plan [Table Text Block]	Three Months Ended March 31, 2016 2015 (in millions) U.S. Non-U.S. U.S. Non-U.S. Major defined benefit plans: Service cost $ 3 $ 1 $ 4 $ 1 Interest cost 30 3 37 4 Expected return on plan assets (65 ) (7 ) (68 ) (8 ) Amortization of: Prior service credit (2 ) - (2 ) - Net pension income before special termination benefits (34 ) (3 ) (29 ) (3 ) Special termination benefits 1 - 4 - Net pension income (33 ) (3 ) (25 ) (3 ) Other plans including unfunded plans - (1 ) - 2 Total net pension income $ (33 ) $ (4 ) $ (25 ) $ (1 )

Note 12 - Earnings Per Share (T

Note 12 - Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	(in millions of shares) Three Months Ended March 31, 2016 2015 Restricted stock units 0.4 - Stock options 1.7 0.9 2.1 0.9

Note 14 - Other Comprehensive37

Note 14 - Other Comprehensive (Loss) Income (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Comprehensive Income (Loss) [Table Text Block]	Three Months Ended March 31, (in millions) 2016 2015 Currency translation adjustments $ 8 $ (7 ) Unrealized gains on available-for-sale securities, before tax - 1 Tax provision - - Unrealized gains on available-for-sale securities, net of tax - 1 Pension and other postretirement benefit plan changes Newly established prior service credit - 4 Newly established net actuarial (loss) gain (142 ) 5 Tax provision - - Newly established prior service credit and net actuarial (loss) gain, net of tax (142 ) 9 Reclassification adjustments: Amortization of prior-service credit (a) (2 ) (2 ) Amortization of actuarial gains (a) (1 ) - Recognition of gains due to settlements (a) (1 ) - Total reclassification adjustments (4 ) (2 ) Tax provision - - Reclassification adjustments, net of tax (4 ) (2 ) Pension and other postretirement benefit plan changes, net of tax (146 ) 7 Other comprehensive (loss) income $ (138 ) $ 1

Note 15 - Accumulated Other C38

Note 15 - Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	(in millions) March 31, 2016 December 31, 2015 Currency translation adjustments $ (59 ) $ (67 ) Available for sale securities 2 2 Pension and other postretirement benefit plan changes (348 ) (202 ) Ending balance $ (405 ) $ (267 )

Note 16 - Segment Information (

Note 16 - Segment Information (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended March 31, (in millions) 2016 2015 Print Systems $ 231 $ 254 Micro 3D Printing and Packaging 29 31 Software and Solutions 22 28 Consumer and Film 56 72 Enterprise Inkjet Systems 20 23 Intellectual Property Solutions - - Eastman Business Park 4 3 Consolidated total $ 362 $ 411 Three Months Ended March 31, (in millions) 2016 2015 Print Systems $ 18 $ 13 Micro 3D Printing and Packaging 1 - Software and Solutions 2 2 Consumer and Film 7 18 Enterprise Inkjet Systems 5 7 Intellectual Property Solutions (4 ) (8 ) Eastman Business Park - (1 ) Total of reportable segments 29 31 All Other 3 4 Corporate components of pension and OPEB income (1) 41 33 Depreciation and amortization (27 ) (36 ) Restructuring costs and other (5 ) (17 ) Overhead supporting, but not directly absorbed by discontinued operations (2) (4 ) (5 ) Stock-based compensation (2 ) (6 ) Consulting and other costs (3) (1 ) (2 ) Idle costs (4) (1 ) (1 ) Other operating expense, net (5) (14 ) (3 ) Interest expense (5) (16 ) (15 ) Other charges, net (5) (1 ) (10 ) Reorganization items, net (5) - (5 ) Consolidated earnings (loss) from continuing operations before income taxes $ 2 $ (32 )

Note 17 - Discontinued Operat40

Note 17 - Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Disposal Groups, Including Discontinued Operations [Table Text Block]	Three Months Ended March 31, (in millions) 2016 2015 Revenues $ 14 $ 16 Cost of sales 12 23 Selling, general and administrative expenses 5 6 Research and development expenses 6 5 Loss from discontinued operations, before income taxes (9 ) (18 ) Provision (benefit) for income taxes 1 (1 ) Loss from discontinued operations, net of income taxes $ (10 ) $ (17 ) (in millions) March 31, 2016 December 31, 2015 ASSETS Cash and cash equivalents $ - $ 1 Receivables, net 13 19 Inventories, net 52 51 Property, plant and equipment, net 36 32 Intangible assets, net 38 39 Assets of business held for sale $ 139 $ 142 LIABILITIES Accounts payable, trade $ 6 $ 9 Current portion of long-term debt - 1 Other current liabilities 20 12 Long-term debt, net of current portion 2 2 Other long-term liabilities 4 5 Liabilities of business held for sale $ 32 $ 29 Three Months Ended March 31, (in millions) 2016 2015 Depreciation 2 1 Amortization 1 1 Capital expenditures 1

Note 18 - Financial Instrumen41

Note 18 - Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2016
Notes Tables
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]	(in millions) Three Months Ended March 31, 2015 2016 Net gain from derivatives not designated as hedging instruments $ 2 $ 18

Note 1 - Basis of Presentatio42

Note 1 - Basis of Presentation and Recent Accounting Pronouncements (Details Textual) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
RED-Rochester, LLC [Member] | Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity, Consolidated, Carrying Amount, Assets	$ 71	$ 69
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities	14	13
RED-Rochester, LLC [Member]
Noncontrolling Interest in Variable Interest Entity	26	25
Deferred Tax Assets, Net of Valuation Allowance, Current	$ 22	$ 22

Note 2 - Receivables, Net (Deta

Note 2 - Receivables, Net (Details Textual) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Expected Customer Settlements in Lieu of Cash Payments	$ 21	$ 28

Note 2 - Summary of Receivables

Note 2 - Summary of Receivables, Net (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Trade receivables	$ 268	$ 300
Miscellaneous receivables	51	46
Total (net of allowances of $11 and $10 as of March 31, 2016 and December 31, 2015, respectively)	$ 319	$ 346

Note 2 - Summary of Receivabl45

Note 2 - Summary of Receivables, Net (Details) (Parentheticals) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Receivables, net of allowance	$ 11	$ 10

Note 3 - Inventories (Details)

Note 3 - Inventories (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Finished goods	$ 157	$ 141
Work in process	66	61
Raw materials	63	61
Total	$ 286	$ 263

Note 4 - Intangible Assets (Det

Note 4 - Intangible Assets (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Trade Names [Member] | Other Operating Income (Expense) [Member]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	$ 5
Other Operating Income (Expense) [Member] | Silver Metal Mesh Development [Member]
Impairment of Intangible Assets, Finite-lived	8
Amortization of Intangible Assets	$ 5	$ 5

Note 4 - Gross Carrying Amount

Note 4 - Gross Carrying Amount and Accumulated Amortization by Major Intangible Asset Category (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Technology-Based Intangible Assets [Member]
Gross Carrying Amount	$ 77	$ 83
Accumulated Amortization	38	38
Intangible Assets Net	$ 39	$ 45
Weighted-Average Amortization Period	3 years	3 years
Customer-Related Intangible Assets [Member]
Gross Carrying Amount	$ 30	$ 37
Accumulated Amortization	10	11
Intangible Assets Net	$ 20	$ 26
Weighted-Average Amortization Period	7 years	7 years
Other Intangible Assets [Member]
Gross Carrying Amount	$ 2	$ 2
Accumulated Amortization
Intangible Assets Net	$ 2	$ 2
Weighted-Average Amortization Period	21 years	21 years
Trade Names [Member]
Gross Carrying Amount	$ 40	$ 46
Gross Carrying Amount	149	168
Accumulated Amortization	48	49
Intangible Assets Net	$ 101	$ 119

Note 4 - Estimated Future Amort

Note 4 - Estimated Future Amortization Expense Related to Intangible Assets (Details) $ in Millions	Mar. 31, 2016USD ($)
Q2 - Q4 2016	$ 14
2,017	17
2,018	13
2,019	6
2,020	4
2021 and thereafter	7
Total	$ 61

Note 5 - Commitments and Cont50

Note 5 - Commitments and Contingencies (Details Textual) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Asset Based Revolving Credit [Member]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 118
Bank Guarantees and Letters of Credit [Member]
Guarantor Obligations, Maximum Exposure, Undiscounted	4
Surety Bond [Member]
Guarantor Obligations, Maximum Exposure, Undiscounted	17
Restricted Cash Deposits [Member]
Guarantor Obligations, Maximum Exposure, Undiscounted	(68)
Federal and State Value added Taxes Litigations [Member]
Loss Contingency, Estimate of Possible Loss	52
Threat of Expropriation of Assets [Member] | Cash [Member] | BRAZIL
Restricted Cash and Cash Equivalents, Noncurrent	6
Threat of Expropriation of Assets [Member] | BRAZIL
Assets, Noncurrent	66
Restricted Cash and Cash Equivalents, Noncurrent	$ 53	$ 43

Note 6 - Guarantees (Details Te

Note 6 - Guarantees (Details Textual)	3 Months Ended
	Mar. 31, 2016USD ($)
Amended EBP Settlement Agreement [Member]
Accrual for Environmental Loss Contingencies	$ 0
Financial Guarantee [Member] | Guarantor Subsidiaries [Member]
Guarantor Obligations, Maximum Exposure, Undiscounted	17,000,000
Guarantor Obligations, Current Carrying Value	$ 6,000,000
General Period [Member]
Extended Warranty Period	1 year
Minimum [Member]
Extended Warranty Period	90 days
Maximum [Member]
Extended Warranty Period	5 years
Environmental Settlement Historical Liabilities Trigger Amount	$ 99,000,000
Percentage of Liability Above 99 Million	50.00%

Note 6 - Deferred Revenue (Deta

Note 6 - Deferred Revenue (Details) $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)
Deferred revenue on extended warranties	$ 26
New extended warranty and maintenance arrangements in 2016	41
Recognition of extended warranty and maintenance arrangement revenue in 2016	(43)
Deferred revenue on extended warranties	$ 24

Note 7 - Other Operating Expe53

Note 7 - Other Operating Expense, Net (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Other Operating Income (Expense) [Member] | Silver Metal Mesh Development [Member]
Impairment of Intangible Assets, Finite-lived	$ 8
Other Operating Income (Expense) [Member] | Trade Names [Member]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	5
Other Operating Income (Expense) [Member]
Tangible Asset Impairment Charges	11
Micro 3D Printing and Packaging [Member]
Goodwill, Impairment Loss		$ 6
Proceeds from Legal Settlements	$ 10

Note 7 - Summary of Other Opera

Note 7 - Summary of Other Operating Expense (Income) (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Silver metal mesh touch screen long-lived asset impairments (1) (2)		$ 19
Litigation proceeds (3)	[1]	(10)
Goodwill and indefinite-lived intangible asset impairments (4) (5)	[2],[3]	$ 5	$ 6
Gain on sale of assets			(3)
Total		$ 14	$ 3
[1]	In the first quarter of 2016, Kodak received $10 million representing net proceeds arising out of the payment of a judgment by a third party in a litigation matter.
[2]	In the first quarter 2015, due to the change in Kodak's reporting units and the delay in commercializing new technologies in the Micro 3D Printing reporting unit, Kodak concluded the carrying value of the Micro 3D Printing reporting unit exceeded its implied value and recorded a goodwill impairment charge of $6 million representing the entire amount of goodwill for this reporting unit.
[3]	In the first quarter 2016, Kodak recorded an impairment charge of $5 million related to the Kodak trade name. Refer to Note 5, "Intangible Assets".

Note 8 - Foreign Exchange Trans

Note 8 - Foreign Exchange Transaction Loss (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Foreign Exchange [Member]
Loss on foreign exchange transactions	$ (1)	$ (10)
Loss on foreign exchange transactions	$ (1)	$ (10)

Note 9 - Income Taxes (Details

Note 9 - Income Taxes (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 0	$ 0
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%	35.00%

Note 9 - Income Tax (Benefit) P

Note 9 - Income Tax (Benefit) Provision Reconciliation (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earnings (loss) from continuing operations before income taxes	$ 2	$ (32)
Effective tax rate	300.00%	(15.60%)
Provision for income taxes	$ 6	$ 5
Provision (benefit) for income taxes @ 35%	1	(11)
Difference between tax at effective vs. statutory rate	$ 5	$ 16

Note 9 - Income Tax (Benefit)58

Note 9 - Income Tax (Benefit) Provision Reconciliation (Details) (Parentheticals)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%	35.00%

Note 10 - Restructuring Liabi59

Note 10 - Restructuring Liabilities (Details Textual) $ in Millions		3 Months Ended
		Mar. 31, 2016USD ($)	Mar. 31, 2015USD ($)	Mar. 03, 2014USD ($)
Minimum [Member] | Leeds Plate Manufacturing Facility Exit [Member] | Non-cash Accelerated Depreciation and Assets Write off [Member]
Restructuring and Related Cost, Expected Cost				$ 13
Minimum [Member] | Leeds Plate Manufacturing Facility Exit [Member] | Other Cash Charges [Member]
Restructuring and Related Cost, Expected Cost				2
Minimum [Member] | Leeds Plate Manufacturing Facility Exit [Member]
Restructuring and Related Cost, Expected Cost				25
Maximum [Member] | Leeds Plate Manufacturing Facility Exit [Member] | Non-cash Accelerated Depreciation and Assets Write off [Member]
Restructuring and Related Cost, Expected Cost				15
Maximum [Member] | Leeds Plate Manufacturing Facility Exit [Member] | Other Cash Charges [Member]
Restructuring and Related Cost, Expected Cost				5
Maximum [Member] | Leeds Plate Manufacturing Facility Exit [Member]
Restructuring and Related Cost, Expected Cost				30
Leeds Plate Manufacturing Facility Exit [Member] | Separation Benefits [Member]
Restructuring and Related Cost, Expected Cost				$ 10
Leeds Plate Manufacturing Facility Exit [Member] | Other Restructuring [Member]
Restructuring Costs		$ 1
Other Restructuring [Member] | Cumulative Basis [Member]
Restructuring Costs		2
Employee Severance [Member] | Cumulative Basis [Member]
Restructuring Costs		10
Employee Severance [Member]
Restructuring Costs	[1]	4
Restructuring Reserve, Translation and Other Adjustment	[1],[2]	(1)
Long Lived Asset Impairment Charges [Member] | Cumulative Basis [Member]
Restructuring Costs		3
Accelerated Depreciation [Member] | Cumulative Basis [Member]
Restructuring Costs		$ 10
Accelerated Depreciation [Member]
Restructuring Costs	[1]
Restructuring Reserve, Translation and Other Adjustment	[1],[2]
Employee Severance for Pension Plan Special Termination Benefits [Member]
Restructuring Reserve, Translation and Other Adjustment		$ (1)
Inventory Write-down [Member]
Restructuring Costs		$ 1
Manufacturing Service Positions [Member]
Restructuring and Related Cost, Number of Positions Eliminated		25
Administrative Positions [Member]
Restructuring and Related Cost, Number of Positions Eliminated		25
North America [Member]
Restructuring and Related Cost, Number of Positions Eliminated		25
World [Member]
Restructuring and Related Cost, Number of Positions Eliminated		25
Restructuring Costs		$ 5
Restructuring Reserve, Translation and Other Adjustment	[2]	(1)
Restructuring Charges		$ 4	$ 17
Restructuring and Related Cost, Number of Positions Eliminated		50
[1]	The severance and exit costs reserves require the outlay of cash, while long-lived asset impairments, accelerated depreciation and inventory write-downs represent non-cash items.
[2]	The $(1) million represents severance related charges for pension plan special termination benefits, which are reflected in Pension and other postretirement liabilities in the Consolidated Statement of Financial Position.

Note 10 - Restructuring Liabi60

Note 10 - Restructuring Liabilities (Details) $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)
Employee Severance [Member]
Balance	$ 7	[1]
Restructuring Costs	4	[1]
Q1 utilization/cash payments	(5)	[1]
Restructuring Reserve, Translation and Other Adjustment	(1)	[1],[2]
Balance	5	[1]
Facility Closing [Member]
Balance	$ 4	[1]
Restructuring Costs		[1]
Q1 utilization/cash payments	$ (1)	[1]
Restructuring Reserve, Translation and Other Adjustment		[1],[2]
Balance	$ 3	[1]
Long Lived Asset Impairments and Inventory Write Downs [Member]
Balance		[1]
Restructuring Costs	$ 1	[1]
Q1 utilization/cash payments	$ (1)	[1]
Restructuring Reserve, Translation and Other Adjustment		[1],[2]
Balance		[1]
Accelerated Depreciation [Member]
Balance		[1]
Restructuring Costs		[1]
Q1 utilization/cash payments		[1]
Restructuring Reserve, Translation and Other Adjustment		[1],[2]
Balance		[1]
Balance	$ 11
Restructuring Costs	5
Q1 utilization/cash payments	(7)
Restructuring Reserve, Translation and Other Adjustment	(1)	[2]
Balance	$ 8
[1]	The severance and exit costs reserves require the outlay of cash, while long-lived asset impairments, accelerated depreciation and inventory write-downs represent non-cash items.
[2]	The $(1) million represents severance related charges for pension plan special termination benefits, which are reflected in Pension and other postretirement liabilities in the Consolidated Statement of Financial Position.

Note 11 - Retirement Plans an61

Note 11 - Retirement Plans and Other Postretirement Benefits (Details Textual) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Discontinue Operations [Member]
Restructuring Charges	$ 1	$ 1
Special Termination Benefits [Member]
Defined Benefit Plan, Benefits Paid	1	4
Pension Plan [Member]
Defined Benefit Plan, Contributions by Employer	4
Defined Benefit Plan, Benefit Obligation, Period Increase (Decrease)	142
Restructuring Charges	$ 4	$ 17

Note 11 - Pension (Income) Expe

Note 11 - Pension (Income) Expense From Continuing Operations For All Defined Benefit Plans (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
UNITED STATES
Service cost	$ 3	$ 4
Interest cost	30	37
Expected return on plan assets	(65)	(68)
Prior service credit	(2)	(2)
Net pension income before special termination benefits	(34)	(29)
Special termination benefits	1	4
Net pension income	$ (33)	$ (25)
Other plans including unfunded plans
Other plans including unfunded plans
Total net pension income	$ (33)	$ (25)
Non-US [Member]
Service cost	1	1
Interest cost	3	4
Expected return on plan assets	$ (7)	$ (8)
Prior service credit
Net pension income before special termination benefits	$ (3)	$ (3)
Special termination benefits
Net pension income	$ (3)	$ (3)
Other plans including unfunded plans	(1)	(2)
Other plans including unfunded plans	1	2
Total net pension income	$ (4)	$ (1)

Note 12 - Earnings Per Share (D

Note 12 - Earnings Per Share (Details Textual) - $ / shares shares in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Unvested Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0.1	0.1
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		0.7
Warrant with Exercise Price of $14.93 [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1.8
Share Price	$ 14.93
Warrant with Exercise Price of $16.12 [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1.8
Share Price	$ 16.12
Weighted Average Number of Shares Outstanding, Basic and Diluted	42.1	41.9
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2.1	0.9

Note 12 - Securities Excluded f

Note 12 - Securities Excluded from the Computation of Diluted EPS (Details) - shares shares in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Restricted Stock [Member]
Antidilutive Securities (in shares)	0.4
Employee Stock Option [Member]
Antidilutive Securities (in shares)	1.7	0.9
Antidilutive Securities (in shares)	2.1	0.9

Note 13 - Shareholders' Equity

Note 13 - Shareholders' Equity (Details Textual) - $ / shares	Mar. 31, 2016	Dec. 31, 2015
Preferred Stock, No Par Value	$ 0
Preferred Stock, Shares Outstanding	0	0
Treasury Stock, Shares	300,000	300,000
Stock Authorized	560,000,000
Common Stock, Shares Authorized	500,000,000
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	60,000,000
Common Stock, Shares, Outstanding	42,100,000	42,000,000

Note 14 - Changes in Other Comp

Note 14 - Changes in Other Comprehensive (Loss) Income, by Component (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016		Mar. 31, 2015
Currency translation adjustments	$ 8		$ (7)
Unrealized gains on available-for-sale securities, before tax			$ 1
Tax provision
Unrealized gains on available-for-sale securities, net of tax			$ 1
Newly established prior service credit			4
Newly established net actuarial (loss) gain	$ (142)		$ 5
Tax provision
Newly established prior service credit and net actuarial (loss) gain, net of tax	$ (142)		$ 9
Amortization of prior-service credit	(2)	[1]	$ (2)
Amortization of actuarial gains	(1)	[1]
Recognition of gains due to settlements	(1)	[1]
Total reclassification adjustments	$ (4)		$ (2)
Tax provision
Reclassification adjustments, net of tax	$ (4)		$ (2)
Pension and other postretirement benefit plan changes, net of tax	(146)		7
Other comprehensive (loss) income	$ (138)		$ 1
[1]	Reclassified to Total Net Periodic Benefit Cost – refer to Note 11, “Retirement Plans and Other Postretirement Benefits”.

Note 15 - Components of Accumul

Note 15 - Components of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Currency translation adjustments	$ (59)	$ (67)
Available for sale securities	2	2
Pension and other postretirement benefit plan changes	(348)	(202)
Ending balance	$ (405)	$ (267)

Note 16 - Segment Information68

Note 16 - Segment Information (Details Textual)	3 Months Ended
	Mar. 31, 2016USD ($)a	Mar. 31, 2015USD ($)
Eastman Business Park Rochester NY [Member]
Area of Real Estate Property | a	1,200
Manufacturing Costs | $	$ 0	$ 0
Number of Reportable Segments	7

Note 16 - Revenues and Earnings

Note 16 - Revenues and Earnings (Loss) from Continuing Operations (Details) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2016	Mar. 31, 2015
Continuing Operations [Member] | Print Systems [Member] | Operating Segments [Member]
Earnings (losses) Before Interest, Taxes, Depreciation, and Amortization		$ 18	$ 13
Continuing Operations [Member] | Print Systems [Member]
Revenues		231	$ 254
Continuing Operations [Member] | Micro 3D Printing and Packaging [Member] | Operating Segments [Member]
Earnings (losses) Before Interest, Taxes, Depreciation, and Amortization		1
Continuing Operations [Member] | Micro 3D Printing and Packaging [Member]
Revenues		29	$ 31
Continuing Operations [Member] | Software and Solutions [Member] | Operating Segments [Member]
Earnings (losses) Before Interest, Taxes, Depreciation, and Amortization		2	2
Continuing Operations [Member] | Software and Solutions [Member]
Revenues		22	28
Continuing Operations [Member] | Consumer and Film [Member] | Operating Segments [Member]
Earnings (losses) Before Interest, Taxes, Depreciation, and Amortization		7	18
Continuing Operations [Member] | Consumer and Film [Member]
Revenues		56	72
Continuing Operations [Member] | Enterprise Inkjet Systems [Member] | Operating Segments [Member]
Earnings (losses) Before Interest, Taxes, Depreciation, and Amortization		5	7
Continuing Operations [Member] | Enterprise Inkjet Systems [Member]
Revenues		20	23
Continuing Operations [Member] | Intellectual Property Solutions [Member] | Operating Segments [Member]
Earnings (losses) Before Interest, Taxes, Depreciation, and Amortization		$ (4)	$ (8)
Continuing Operations [Member] | Intellectual Property Solutions [Member]
Revenues
Continuing Operations [Member] | Eastman Business Park Rochester NY [Member] | Operating Segments [Member]
Earnings (losses) Before Interest, Taxes, Depreciation, and Amortization			$ (1)
Continuing Operations [Member] | Eastman Business Park Rochester NY [Member]
Revenues		$ 4	3
Continuing Operations [Member] | Other Segments [Member] | Operating Segments [Member]
Earnings (losses) Before Interest, Taxes, Depreciation, and Amortization		3	4
Continuing Operations [Member]
Revenues		362	411
Earnings (losses) Before Interest, Taxes, Depreciation, and Amortization		29	31
Corporate components of pension and OPEB income (1)	[1]	41	33
Depreciation and amortization		(27)	(36)
Restructuring costs and other		(5)	(17)
Overhead supporting, but not directly absorbed by discontinued operations (2)	[2]	(4)	(5)
Stock-based compensation		(2)	(6)
Consulting and other costs (3)	[3]	(1)	(2)
Idle costs (4)	[4]	(1)	(1)
Other operating expense, net (5)	[5]	(14)	(3)
Interest expense (5)	[5]	(16)	(15)
Loss on foreign exchange transactions	[5]	$ (1)	(10)
Reorganization items, net (5)	[5]		(5)
Revenues		$ 362	411
Depreciation and amortization		(30)	(38)
Restructuring costs and other		(4)	(17)
Other operating expense, net (5)		14	3
Interest expense (5)		(16)	(15)
Loss on foreign exchange transactions		$ (1)	(10)
Reorganization items, net (5)			(5)
Consolidated earnings (loss) from continuing operations before income taxes		$ 2	$ (32)
[1]	Composed of interest cost, expected return on plan assets, amortization of actuarial gains and losses and curtailments and settlement components of pension and other postretirement benefit expenses.
[2]	Primarily consists of costs for shared resources allocated to the Prosper Enterprise Inkjet business discontinued operation in the prior year period which are now included in the results of continuing operations and an estimate of costs for shared resources which would have been allocated to the Prosper Enterprise Inkjet business discontinued operation in the current year period had the business remained in continuing operations.
[3]	Consulting and other costs are primarily related to professional services provided for corporate strategic initiatives.
[4]	Consists of third party costs such as security, maintenance, and utilities required to maintain land and buildings in certain locations not used in any Kodak operations.
[5]	As reported in the Consolidated Statement of Operations.

Note 17 - Discontinued Operat70

Note 17 - Discontinued Operations (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Prosper Enterprise Inkjet Business [Member]
Disposal Group, Including Discontinued Operation, Liabilities, Current	$ 5	$ 0
Personalized and Document Imaging Segment [Member]
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax	(1,000,000)
Assets Held-for-sale, Not Part of Disposal Group, Current	2	2
Disposal Group, Including Discontinued Operation, Liabilities, Current	$ 32,000,000	$ 22,000,000

Note 17 - Discontinued Operat71

Note 17 - Discontinued Operations for KODAK PROSPER Enterprise Inkjet (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
KODAK PROSPER Enterprise Inkjet [Member]
Revenues	$ 14	$ 16
Cost of sales	12	23
Selling, general and administrative expenses	5	6
Research and development expenses	6	5
Loss from discontinued operations, before income taxes	(9)	(18)
Provision (benefit) for income taxes	1	(1)
Loss from discontinued operations, net of income taxes	$ (10)	(17)
Cash and cash equivalents		1
Receivables, net	$ 13	19
Inventories, net	52	51
Property, plant and equipment, net	36	32
Intangible assets, net	38	39
Accounts payable, trade	$ 6	9
Current portion of long-term debt		1
Other current liabilities	$ 20	12
Long-term debt, net of current portion	2	2
Other long-term liabilities	4	5
Depreciation	2	1
Amortization	1	$ 1
Capital expenditures	1
Loss from discontinued operations, net of income taxes	(11)	$ (17)
Assets of business held for sale	139	142
Liabilities of business held for sale	$ 32	$ 29

Note 18 - Financial Instrumen72

Note 18 - Financial Instruments (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward [Member]
Derivative Asset, Notional Amount	$ 398,000,000		$ 384,000,000
Not Designated as Hedging Instrument [Member]
Derivatives Hedging Instruments	0	$ 0
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Nonrecurring [Member]
Long-term Debt, Fair Value	$ 638,000,000		$ 586,000,000

Note 18 - Derivatives Not Desig

Note 18 - Derivatives Not Designated as Hedging Instruments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward [Member]
Net gain from derivatives not designated as hedging instruments	$ 2	$ 18