Eastman Kodak (KODK) 10-Q 9 Aug 22 2022 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2022	Aug. 01, 2022
Cover [Abstract]
Entity Registrant Name	EASTMAN KODAK COMPANY
Entity Central Index Key	0000031235
Trading Symbol	KODK
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Common Stock, Shares Outstanding		79,037,931
Document Type	10-Q
Document Period End Date	Jun. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity File Number	1-00087
Entity Tax Identification Number	16-0417150
Entity Address, Address Line One	343 STATE STREET
Entity Address, City or Town	ROCHESTER
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	14650
City Area Code	585
Local Phone Number	724-4000
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common stock, par value $0.01 per share
Security Exchange Name	NYSE
Entity Incorporation, State or Country Code	NJ
Document Quarterly Report	true
Document Transition Report	false

Consolidated Statement of Opera

Consolidated Statement of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Total revenues	[1]	$ 321	$ 291	$ 611	$ 556
Total cost of revenues		270	243	527	468
Gross profit		51	48	84	88
Selling, general and administrative expenses		41	42	84	88
Research and development costs		9	8	18	16
Restructuring costs and other					1
Other operating income, net			(6)		(7)
Earnings (loss) from operations before interest expense, pension income excluding service cost component, other (income) charges, net and income taxes		1	4	(18)	(10)
Interest expense		10	10	19	14
Pension income excluding service cost component		(27)	(26)	(57)	(51)
Other (income) charges, net		(1)	1	2	1
Earnings from operations before income taxes		19	19	18	26
(Benefit) provision for income taxes		(1)	3	1	4
Net income		$ 20	$ 16	$ 17	$ 22
Basic net income per share attributable to Eastman Kodak Company common shareholders		$ 0.20	$ 0.17	$ 0.13	$ 0.33
Diluted net income per share attributable to Eastman Kodak Company common shareholders		$ 0.19	$ 0.16	$ 0.12	$ 0.32
Number of common shares used in basic and diluted net income per share
Basic		78.9	78.5	78.8	78.2
Diluted		90.2	100.6	80.4	93.9
Product [Member]
Total revenues		$ 266	$ 234	$ 500	$ 443
Total cost of revenues		234	204	454	389
Service [Member]
Total revenues		55	57	111	113
Total cost of revenues		$ 36	$ 39	$ 73	$ 79
[1] Sales are reported in the geographic area in which they originate.

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income (Unaudited) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement Of Income And Comprehensive Income [Abstract]
NET INCOME	$ 20	$ 16	$ 17	$ 22
Other comprehensive income (loss), net of tax:
Currency translation adjustments	(10)	4	(5)	3
Pension and other postretirement benefit plan obligation activity, net of tax	110	8	110	14
Other comprehensive income, net of tax	100	12	105	17
COMPREHENSIVE INCOME, NET OF TAX	$ 120	$ 28	$ 122	$ 39

Consolidated Statement of Finan

Consolidated Statement of Financial Position (Unaudited) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 289	$ 362
Trade receivables, net of allowances of $7 and $7, respectively	191	175
Inventories, net	262	219
Other current assets	44	49
Current assets held for sale	2	2
Total current assets	788	807
Property, plant and equipment, net of accumulated depreciation of $443 and $441, respectively	145	140
Goodwill	12	12
Intangible assets, net	32	34
Operating lease right-of-use assets	43	47
Restricted cash	57	54
Pension and other postretirement assets	1,181	1,022
Other long-term assets	51	55
TOTAL ASSETS	2,309	2,171
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY
Accounts payable, trade	168	153
Short-term borrowings and current portion of long-term debt	1	1
Current portion of operating leases	12	13
Other current liabilities	137	142
Total current liabilities	318	309
Long-term debt, net of current portion	308	253
Pension and other postretirement liabilities	358	382
Operating leases, net of current portion	39	45
Other long-term liabilities	186	205
Total liabilities	1,209	1,194
Commitments and Contingencies (Note 7)
Redeemable, convertible preferred stock, no par value, $100 per share liquidation preference	199	196
Equity
Common stock, $0.01 par value
Additional paid in capital	1,164	1,166
Treasury stock, at cost	(10)	(10)
Accumulated deficit	(579)	(596)
Accumulated other comprehensive income	326	221
Total shareholders’ equity	901	781
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY	$ 2,309	$ 2,171

Consolidated Statement of Fin_2

Consolidated Statement of Financial Position (Unaudited) (Parentheticals) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Allowance for trade receivables	$ 7	$ 7
Property, plant and equipment, accumulated depreciation	$ 443	$ 441
Common stock, par value	$ 0.01	$ 0.01
Convertible Series A Preferred Stock [Member]
Preferred stock, no par value	0	0
Preferred stock, liquidation preference per share	$ 100	$ 100

Consolidated Statement of Cash

Consolidated Statement of Cash Flows (Unaudited) - USD ($) $ in Millions		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net income		$ 17	$ 22
Adjustments to reconcile to net cash used in operating activities:
Depreciation and amortization		14	16
Pension income		(49)	(42)
Change in fair value of the Preferred Stock and Convertible Notes embedded derivatives	[1]	(1)
Non-cash changes in workers' compensation reserves		(8)	(3)
Stock based compensation		3	4
Increase in deferred taxes		(2)
(Increase) decrease in trade receivables		(26)	1
Increase in inventories		(54)	(30)
Increase in trade payables		17	27
Decrease in liabilities excluding borrowings and trade payables		(17)	(20)
Other items, net		3	4
Total adjustments		(120)	(43)
Net cash used in operating activities		(103)	(21)
Cash flows from investing activities:
Additions to properties		(9)	(5)
Net cash used in investing activities		(9)	(5)
Cash flows from financing activities:
Net proceeds from Term Loan Credit Agreement		49	215
Net proceeds from Convertible Notes			25
Net proceeds from Series C Preferred Stock			99
Proceeds from sale of common stock			10
Repurchase of Series A Preferred Stock			(100)
Debt issuance costs			(2)
Preferred stock cash dividend payments		(2)	(5)
Treasury stock purchases			(1)
Net cash provided by financing activities		47	241
Effect of exchange rate changes on cash, cash equivalents and restricted cash		(5)	(2)
Net (decrease) increase in cash, cash equivalents and restricted cash		(70)	213
Cash, cash equivalents and restricted cash, beginning of period		423	256
Cash, cash equivalents and restricted cash, end of period		$ 353	$ 469
[1]Refer to Note 18, “Financial Instruments

Consolidated Statement of Equit

Consolidated Statement of Equity (Deficit) (Unaudited) - USD ($) $ in Millions		Total	Additional Paid in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Treasury Stock [Member]	Redeemable Convertible Preferred Stock [Member]	Convertible Redeemable Series B Preferred Stock [Member]	Convertible Redeemable Series C Preferred Stock [Member]
Equity (deficit) at Dec. 31, 2020		$ 77	$ 1,152	$ (620)	$ (446)	$ (9)
Equity (deficit) at Dec. 31, 2020							$ 191
Net income		6		6
Currency translation adjustments		(1)			(1)
Pension and other postretirement liability adjustments		6			6
Repurchase of Redeemable Convertible Preferred Stock							(100)
Exchange of Series A preferred stock		92	92				(92)
Expiration of Series A preferred stock embedded derivative		11	11
Issuance of convertible, redeemable preferred stock, net								$ 93	$ 97
Issuance of convertible, redeemable Series B preferred stock, net		(95)	(95)
Issuance of common stock		10	10
Preferred stock cash dividends		(1)	(1)
Preferred stock in-kind dividends		(1)	(1)
Redeemable preferred stock in-kind dividends							1
Preferred stock deemed dividends		(2)	(2)
Redeemable preferred stock deemed dividends							2
Purchase of treasury stock	[1]	(1)				(1)
Stock-based compensation		3	3
Equity (deficit) at Mar. 31, 2021		104	1,169	(614)	(441)	(10)
Equity (deficit) at Mar. 31, 2021							192
Equity (deficit) at Dec. 31, 2020		77	1,152	(620)	(446)	(9)
Equity (deficit) at Dec. 31, 2020							191
Net income		22
Equity (deficit) at Jun. 30, 2021		130	1,167	(598)	(429)	(10)
Equity (deficit) at Jun. 30, 2021							193
Equity (deficit) at Mar. 31, 2021		104	1,169	(614)	(441)	(10)
Equity (deficit) at Mar. 31, 2021							192
Net income		16		16
Currency translation adjustments		4			4
Pension and other postretirement liability adjustments		8			8
Preferred stock cash dividends		(2)	(2)
Preferred stock deemed dividends		(1)	(1)
Redeemable preferred stock deemed dividends							1
Stock-based compensation		1	1
Equity (deficit) at Jun. 30, 2021		130	1,167	(598)	(429)	(10)
Equity (deficit) at Jun. 30, 2021							193
Equity (deficit) at Dec. 31, 2021		781	1,166	(596)	221	(10)
Equity (deficit) at Dec. 31, 2021		196					196
Net income		(3)		(3)
Currency translation adjustments		5			5
Preferred stock cash dividends		(1)	(1)
Preferred stock in-kind dividends		(1)	(1)
Redeemable preferred stock in-kind dividends							1
Preferred stock deemed dividends		(1)	(1)
Redeemable preferred stock deemed dividends							1
Stock-based compensation		2	2
Equity (deficit) at Mar. 31, 2022		782	1,165	(599)	226	(10)
Equity (deficit) at Mar. 31, 2022							198
Equity (deficit) at Dec. 31, 2021		781	1,166	(596)	221	(10)
Equity (deficit) at Dec. 31, 2021		196					196
Net income		17
Equity (deficit) at Jun. 30, 2022		901	1,164	(579)	326	(10)
Equity (deficit) at Jun. 30, 2022		199					199
Equity (deficit) at Mar. 31, 2022		782	1,165	(599)	226	(10)
Equity (deficit) at Mar. 31, 2022							198
Net income		20		20
Currency translation adjustments		(10)			(10)
Pension and other postretirement liability adjustments		110			110
Preferred stock cash dividends		(1)	(1)
Preferred stock in-kind dividends		(1)	(1)
Redeemable preferred stock in-kind dividends							1
Stock-based compensation		1	1
Equity (deficit) at Jun. 30, 2022		901	$ 1,164	$ (579)	$ 326	$ (10)
Equity (deficit) at Jun. 30, 2022		$ 199					$ 199
[1] Represents purchases of common stock to satisfy tax withholding obligations.

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation and Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation and Recent Accounting Pronouncements	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 for a fair statement of the results of operations, financial position and cash flows of Eastman Kodak Company and all companies directly or indirectly controlled, either through majority ownership or otherwise (“Kodak” or the “Company”). The results of operations for the interim periods are not necessarily indicative of the results for the entire fiscal year. These consolidated interim statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 (the “2021 Form 10-K”). RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS No accounting pronouncements have been adopted in 2022. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS In June 2016, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2016-13, “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. ASU 2016-13 (as amended by ASUs 2018-19, 2019-04, 2019-05, 2019-10, 2019-11, 2020-02, 2020-03 and 2022-02) requires a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. In addition, the ASU requires credit losses relating to available-for-sale debt securities to be recorded through an allowance for credit losses. The amendments in this ASU broaden the information that an entity must consider in developing its expected credit loss estimate for assets measured either collectively or individually. The ASU is effective January 1, 2023, for Kodak, and interim periods within that fiscal year. Early adoption is permitted. is currently evaluating the impact of this ASU.

Note 2 - Cash, Cash Equivalents

Note 2 - Cash, Cash Equivalents and Restricted Cash	6 Months Ended
	Jun. 30, 2022
Cash And Cash Equivalents [Abstract]
Cash, Cash Equivalents and Restricted Cash	NOTE 2: CASH, CASH EQUIVALENTS AND RESTRICTED CASH The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Consolidated Statement of Financial Position that sums to the total of such amounts shown in the Statement of Cash Flows: June 30, December 31, (in millions) 2022 2021 Cash and cash equivalents $ 289 $ 362 Restricted cash reported in Other current assets 7 7 Restricted cash 57 54 Total cash, cash equivalents and restricted cash shown in the Statement of Cash Flows $ 353 $ 423 Restricted cash reported in Other current assets on the Consolidated Statement of Financial Position primarily represents amounts that support hedging activities. Restricted cash includes $45 million as of June 30, 2022 and December 31, 2021 representing the cash collateral required to be posted by the Company under the Letter of Credit Facility (“L/C Cash Collateral”). In addition, Restricted cash as of June 30, 2022 and December 31, 2021 includes an escrow of $5 million and $4 million, respectively, in China to secure various ongoing obligations under the agreements for a strategic relationship with Lucky HuaGuang Graphics Co. Ltd. Restricted cash also included $5 million and $3 million of security posted related to Brazilian legal contingencies as of June 30, 2022 and December 31, 2021, respectively.

Note 3 - Inventories, Net

Note 3 - Inventories, Net	6 Months Ended
	Jun. 30, 2022
Inventory Disclosure [Abstract]
Inventories, Net	NOTE 3: INVENTORIES, NET June 30, December 31, (in millions) 2022 2021 Finished goods $ 121 $ 94 Work in process 69 65 Raw materials 72 60 Total $ 262 $ 219

Note 4 - Debt And Finance Lease

Note 4 - Debt And Finance Leases	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Debt and Finance Leases	NOTE 4: DEBT AND FINANCE LEASES Debt and finance leases and related maturities and interest rates were as follows: (in millions) Type Maturity Weighted-Average Effective Interest Rate June 30, 2022 December 31, 2022 Current portion: RED-Rochester, LLC 2033 11.42% $ 1 $ 1 1 1 Non-current portion: Term loans 2026 13.81% 279 224 Convertible debt 2026 17.28% 16 15 RED-Rochester, LLC 2033 11.42% 12 12 Finance leases Various Various — 1 Other debt Various Various 1 1 308 253 $ 309 $ 254 Annual maturities of debt and finance leases outstanding at June 30, 2022 were as follows: Carrying Value Maturity Value Q3 - Q4 2022 1 1 2023 2 2 2024 1 1 2025 1 1 2026 295 367 2027 and thereafter 9 9 Total $ 309 $ 381 Term Loan Credit Agreement On February 26, 2021, the Company entered into a Credit Agreement (the “Term Loan Credit Agreement”) with certain funds affiliated with Kennedy Lewis Investment Management LLC (“KLIM”) as lenders (the “Term Loan Lenders”) and Alter Domus (US) LLC, as administrative agent. Pursuant to the Term Loan Credit Agreement, the Term Loan Lenders provided the Company with (i) an initial term loan in the amount of $225 million, which was drawn in full on the same date, and (ii) a commitment to provide delayed draw term loans in an aggregate principal amount of up to $50 million on or before February 26, 2023 (the “Delayed Draw Term Loans” and collectively, with the initial term loan, the “Term Loans”). Net proceeds from the Term Loan Credit Agreement received on February 26, 2021 were $215 million ($225 million aggregate principal less $10 million in debt transaction costs). The delayed draw term loans were drawn down in full on June 15, 2022. Net proceeds received on June 15, 2022 were $49 million ($50 million of aggregate principal less $1 million in debt transaction costs). The maturity date of the Term Loans is February 26, 2026 and the Term Loans are non-amortizing. Each of the capitalized and undefined terms has the meaning ascribed to such term in the Term Loan Credit Agreement. The Term Loans bear interest at a rate of 8.5% per annum payable quarterly in cash and 4.0% per annum payable in cash on the maturity date or quarterly, at EKC’s option, for an aggregate interest rate of 12.5% per annum. The payment of interest only at the maturity date has the same effect as delivering additional debt instruments to the Term Loan Lenders and therefore is considered Paid-in-Kind (“PIK”). The Company elected the 4.0% per annum in PIK which is being added to the carrying value of the debt through the term. Interest expense is being recorded using the effective interest method. The Term Loans are guaranteed by the Company and certain of its domestic subsidiaries (the “Subsidiary Guarantors”), and are secured by (i) a first priority lien on substantially all assets of the Company and the Subsidiary Guarantors (subject to certain exceptions) not constituting ABL Priority Collateral or L/C Cash Collateral (see below for definitions of ABL Priority Collateral and L/C Cash Collateral), including 100% of the stock of material U.S. subsidiaries and 65% of the stock of material foreign subsidiaries (the “Term Loan Priority Collateral”) and (ii) a third priority lien on the ABL Priority Collateral and L/C Cash Collateral. The Term Loan Credit Agreement limits, among other things, the ability of the Company and its Restricted Subsidiaries (as defined in the Term Loan Credit Agreement) to (i) incur indebtedness, (ii) incur or create liens, (iii) dispose of assets, (iv) make restricted payments and (v) make investments, and also contains customary affirmative covenants including delivery of certain of the Company’s financial statements set forth therein. The Term Loan Credit Agreement does not include a financial maintenance covenant. 2021 Convertible Notes On February 26, 2021, the Company entered into a Securities Purchase Agreement with certain funds affiliated with Kennedy Lewis Investment Management LLC (“KLIM”) as lenders (the “Buyers”) pursuant to which the Company sold to the Buyers $25 million aggregate principal amount of the Company’s newly issued 5.0% unsecured convertible promissory notes due May 28, 2026 (the “Convertible Notes”) in a private placement transaction. The Convertible Notes bear interest at a rate of 5.0% per annum, which will be payable in cash on the maturity date and in additional shares of Common Stock on any conversion date. The payment of interest only at the maturity date has the same effect as delivering additional debt instruments to the Holders of the Convertible Notes and therefore is considered PIK. PIK is being added to the carrying value of the debt through the term. Interest expense is being recorded using the effective interest method. The maturity date of the Convertible Notes is May 28, 2026. Conversion Features The Buyers have the right to elect at any time to convert the Convertible Notes into shares of Common Stock at an initial conversion rate equal to 100 shares of Common Stock per each $1,000 principal amount of the Convertible Notes (based on an initial conversion price equal to $10.00 per share of Common Stock). The conversion rate and conversion price will be subject to certain customary anti-dilution adjustments. If the closing price of the Common Stock equals or exceeds $14.50 (subject to adjustment in the same manner as the conversion price) for 45 trading days within any period of 60 consecutive trading days, the Company will have the right to cause the mandatory conversion of the Convertible Notes into shares of Common Stock. In the event of certain fundamental transactions, the Buyers will have the right, within a period of 30 days following the occurrence of such transaction (“Holder Fundamental Transaction Election Period”), to elect to either require prepayment of the Convertible Notes at par plus accrued and unpaid interest or convert all or a portion of the Convertible Notes into shares of Common Stock at the conversion rate then in effect plus any additional shares based on the price per share of Common Stock in connection with the fundamental transaction, or to receive the shares of a successor entity, if any. Embedded Derivatives The Company allocated $12 million of the net proceeds received to a derivative liability based on the aggregate fair value of the embedded features on the date of issuance which reduced the net carrying value of the Convertible Notes. The carrying value of the Convertible Notes at June 30, 2022 and December 31, 2021 was $16 million and $15 million, respectively. The Convertible Notes unamortized discount at June 30, 2022 and December 31, 2021 was $10 million and $11 million, respectively. The estimated fair value of the Convertible Notes as of June 30, 2022 was $16 million (Level 3). The carrying value is being accreted to the aggregate principal amount using the effective interest method from the date of issuance through the maturity date.

Note 5 - Redeemable, Convertibl

Note 5 - Redeemable, Convertible Preferred Stock	6 Months Ended
	Jun. 30, 2022
Temporary Equity Disclosure [Abstract]
Redeemable, Convertible Preferred Stock	NOTE 5: REDEEMABLE, CONVERTIBLE PREFERRED STOCK Redeemable convertible preferred stock was as follows: June 30, December 31, (in millions) 2022 2021 Series B preferred stock $ 94 $ 94 Series C preferred stock 105 102 Total $ 199 $ 196 Series B Preferred Stock On February 26, 2021 the Company agreed to exchange the remaining one million shares of Series A Preferred Stock held by Southeastern Asset Management, Inc. (“Southeastern”) and Longleaf Partners Small-Cap Fund, C2W Partners Master Fund Limited and Deseret Mutual Pension Trust, which are investment funds managed by Southeastern (such investment funds, collectively, the “Purchasers”), no . Dividends The holders of Series B Preferred Stock are entitled to cumulative dividends payable quarterly in cash at a rate of 4.0% per annum. Dividends owed on the Series B Preferred Stock have been declared and paid when due. Conversion Features Each share of Series B Preferred Stock is convertible, at the option of each holder at any time, into shares of Common Stock at the initial conversion rate of 9.5238 shares of Common Stock for each share of Series B Preferred Stock (equivalent to an initial conversion price of $10.50 per share of Common Stock). The initial conversion rate and the corresponding conversion price will be subject to certain customary anti-dilution adjustments. If a holder elects to convert any shares of Series B Preferred Stock during a specified period in connection with a fundamental change (as defined in the Series B Certificate of Designations), such holder can elect to have the conversion rate adjusted and can elect to receive a cash payment in lieu of shares for a portion of the shares. Such holder will also be entitled to a payment in respect of accumulated dividends. In addition, the Company will have the right to require holders to convert any shares of Series B Preferred Stock in connection with certain reorganization events in which case the conversion rate will be adjusted, subject to certain limitations. The Company will have the right to cause the mandatory conversion of the Series B Preferred Stock into shares of Common Stock at any time after the initial issuance of the Series B Preferred Stock if the closing price of the Common Stock has equaled or exceeded $14.50 (subject to adjustment in the same manner as the conversion price) for 45 trading days within a period of 60 consecutive trading days. Embedded Conversion Features The Company allocated $1 million to the derivative liability based on the aggregate fair value of the embedded conversion feature on the date of issuance which reduced the original carrying value of the Series B Preferred Stock. The derivative is being accounted for at fair value with subsequent changes in the fair value being reported as part of Other (income) charges, net in the Consolidated Statement of Operations. The fair value of the Series B Preferred Stock embedded derivative as of both June 30, 2022 and December 31, 2021 was a liability of $1 million and is included in Other long-term liabilities in the accompanying Consolidated Statement of Financial Position. Refer to Note 18, “Financial Instruments” for information on the valuation of the derivative. The carrying value of the Series B Preferred Stock is being accreted to the mandatory redemption amount using the effective interest method to Additional paid in capital in the Consolidated Statement of Financial Position as a deemed dividend from the date of issuance through the mandatory redemption date, May 28, 2026. Series C Preferred Stock Purchase Agreement On February 26, 2021, the Company and GO EK Ventures IV, LLC (the “Investor”) entered into a Series C Preferred Stock Purchase Agreement (the “Purchase Agreement”) pursuant to which the Company agreed to sell to the Investor, and the Investor agreed to purchase from the Company, an aggregate of 1,000,000 shares of the Company’s newly created 5.0% Series C Convertible Preferred Stock, no Dividends The holders of Series C Preferred Stock are entitled to cumulative dividends payable quarterly “in‐kind” in the form of additional shares of Series C Preferred Stock at a rate of 5.0% per annum. Dividends owed on the Series C Preferred Stock have been declared and additional Series C shares issued when due. Holders of the Series C Preferred Stock are also entitled to participate in any dividends paid on the Common Stock (other than stock dividends) on an as-converted basis, with such dividends on any shares of the Series C Preferred Stock being payable upon conversion of such shares of Series C Preferred Stock to Common Stock. Conversion Features Each share of Series C Preferred Stock is convertible, at the option of each holder at any time, into shares of Common Stock at the initial conversion price of $10 per share of Common Stock. The initial conversion price and the corresponding conversion rate will be subject to certain customary anti-dilution adjustments and to proportional increase in the event the liquidation preference of the Series C Preferred Stock is automatically increased as described above. If a holder elects to convert any shares of Series C Preferred Stock during a specified period in connection with a fundamental change (as defined in the Series C Certificate of Designations), such holder can elect to have the conversion rate adjusted and can elect to receive a cash payment in lieu of shares for a portion of the shares of Common Stock. Such holder will also be entitled to a payment in respect of accumulated dividends and a payment based on the present value of all required remaining dividend payments through May 28, 2026, the mandatory redemption date. Such additional payments will be payable at the Company’s option in cash or in additional shares of Common Stock. In addition, the Company will have the right to require holders to convert any shares of Series C Preferred Stock in connection with certain reorganization events in which case the conversion rate will be adjusted, subject to certain limitations. The Company will have the right to cause the mandatory conversion of the Series C Preferred Stock into shares of Common Stock (i) at any time after February 26, 2023 if the closing price of the Common Stock has equaled or exceeded 200% of the then-effective conversion price for 45 trading days within a period of 60 consecutive trading days, or (ii) at any time after February 26, 2024 if the closing price of the Common Stock has equaled or exceeded 150% of the then-effective conversion price for 45 trading days within a period of 60 consecutive trading days. Embedded Conversion Features The Company allocated $2 million of the net proceeds received to the derivative liability based on the aggregate fair value of the embedded conversion features on the dates of issuance which reduced the original carrying value of the Series C Preferred Stock. The derivative is being accounted for at fair value with subsequent changes in the fair value being reported as part of Other (income) charges, net in the Consolidated Statement of Operations. The fair value of the Series C Preferred Stock derivative as of June 30, 2022 and December 31, 2021 was a liability of $1 million and $2 million, respectively, and is included in Other long-term liabilities in the accompanying Consolidated Statement of Financial Position. Refer to Note 18, “Financial Instruments” for information on the valuation of the derivative. The carrying value of the Series C Preferred Stock is being accreted to the mandatory redemption amount using the effective interest method to Additional paid in capital in the Consolidated Statement of Financial Position as a deemed dividend from the date of issuance through the mandatory redemption date.

Note 6 - Leases

Note 6 - Leases	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Leases	NOTE 6: LEASES Income recognized on operating lease arrangements for the three and six months ended June 30, 2022 and 2021 is presented below. Income recognized for sales-type lease arrangements for both the three and six months ended June 30, 2022 was $0 million and for the three and six months ended June 30, 2021 was $0 million and $1 million, respectively. Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Lease income - operating leases: Lease income $ 3 $ 2 $ 5 $ 4 Variable lease income 1 1 2 2 Total lease income $ 4 $ 3 $ 7 $ 6

Note 7 - Commitments and Contin

Note 7 - Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 7: COMMITMENTS AND CONTINGENCIES As of June 30, 2022, the Company had outstanding letters of credit of $46 million and $44 million issued under the Amended ABL Credit Agreement and the L/C Facility Agreement, respectively, as well as bank guarantees and letters of credit of $2 million, surety bonds in the amount of $29 million, and restricted cash of $64 million, primarily related to cash collateral for the outstanding letters of credit under the L/C Facility Agreement, to ensure payment of possible casualty and workers’ compensation claims, legal contingencies, hedging activities, environmental liabilities, rental payments and to support various customs, tax and trade activities. Kodak’s Brazilian operations are involved in various litigation matters in Brazil 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’s Brazilian operations are disputing these matters and intend 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 June 30, 2022, Kodak’s Brazilian Operations maintained accruals of approximately $2 million for claims aggregating approximately $118 million inclusive of interest and penalties where appropriate. The unreserved portion of the indirect taxes, civil litigation and disputes associated with former employees and contract labor claims, 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 $4 million. In connection with assessments in Brazil, local regulations may require Kodak’s Brazilian operations to post security for a portion of the amounts in dispute. As of June 30, 2022, Kodak’s Brazilian operations have posted security composed of $5 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 $42 million. Generally, any encumbrances on the Brazilian assets would be removed to the extent the matter is resolved in Kodak's favor. On August 13, 2020 Tiandong Tang commenced a class action lawsuit against the Company, its Executive Chairman and Chief Executive Officer and its Chief Financial Officer in Federal District Court in the District of New Jersey, and on August 26, 2020 Jimmie A. McAdams and Judy P. McAdams commenced a class action lawsuit against the Company and its Executive Chairman and Chief Executive Officer in Federal District Court in the Southern District of New York (collectively, the “Securities Class Actions”). The Securities Class Actions seek damages and other relief based on alleged violations of federal securities laws in the context of the U.S. International Development Finance Corporation (the “DFC”) announcement (the “DFC Announcement”) of the signing of a non-binding letter of interest to provide a subsidiary of the Company with a potential $765 million loan (the “DFC Loan”) to support the launch of Kodak Pharmaceuticals, an initiative that would manufacture pharmaceutical ingredients for essential generic drugs (the “DFC Pharmaceutical Project”) on July 28, 2020. The Securities Class Actions were transferred to the Federal District Court for the Western District of New York and were consolidated into a single proceeding (the “Consolidated Securities Class Action”) on June 22, 2021. Les Investissements Kiz Inc. and UAT Trading Service, Inc. were appointed by the court to serve as lead plaintiff for the Consolidated Securities Class Action on August 2, 2021, and the lead plaintiff filed an amended consolidated complaint on October 1, 2021 which added Kodak’s General Counsel and current and former members of its Board of Directors as additional defendants. The Company and individual defendants filed motions to dismiss the Consolidated Securities Class Action on December 14, 2021. The lead plaintiff filed an opposition to the motions to dismiss on February 28, 2022, and the Company and the individual defendants filed responses to the plaintiff’s opposition on April 6, 2022. A hearing with respect to the motions to dismiss was held on August 3, 2022. The Company intends to continue to vigorously defend itself against the Consolidated Securities Class Action. On December 29, 2020 Robert Garfield commenced a class action lawsuit against the Company and current and former members of its Board of Directors in the Superior Court of Mercer County, New Jersey seeking equitable relief and damages in favor of the Company based on alleged breaches of fiduciary duty by the Company’s Board of Directors associated with alleged false and misleading proxy statement disclosures (including the successor New York lawsuit discussed below, the “Fiduciary Class Action”). The Company and each of the individual defendants filed motions to dismiss the Fiduciary Class Action on April 13, 2021. The plaintiff in the Fiduciary Class Action voluntarily dismissed the Fiduciary Class Action without prejudice on May 26, 2021 and filed a lawsuit substantially similar to the dismissed New Jersey lawsuit in the Supreme Court of the State of New York in Monroe County on October 27, 2021, this time on behalf of a purported class of beneficial and record owners of stock of the Company as of March 26, 2020 who continue to own such stock through the present. The Company and individual defendants filed motions to dismiss the Fiduciary Class Action on January 19, 2022. The plaintiff filed an opposition to the motions to dismiss on March 28, 2022, and the Company and the individual defendants filed responses to the plaintiff’s opposition on May 9, 2022. A hearing with respect to the motions to dismiss was held on May 24, 2022, and the lawsuit was dismissed with prejudice on June 10, 2022. The dismissal was not appealed during the applicable appeal period as a result of which the lawsuit is concluded. The Company has also received five requests under New Jersey law demanding, among other things, that the Company take certain actions in response to alleged breaches of fiduciary duty relating to option grants and securities transactions in the context of the DFC Announcement and alleged proxy statement disclosure deficiencies (each a “Derivative Demand”, and collectively the “Derivative Demands”). On May 19, 2021 Louis Peters, one of the persons making a Derivative Demand (“Peters”), commenced a derivative lawsuit on behalf of the Company against certain officers and current and former directors of the Company and the Company as a nominal defendant in the Supreme Court of the State of New York in Monroe County seeking damages and equitable relief based on alleged breaches of fiduciary duty and unjust enrichment resulting from stock trades, option grants and a charitable contribution in the context of the DFC Announcement of the potential DFC Loan and DFC Pharmaceutical Project (the “State Derivative Lawsuit”). The plaintiff filed an amended complaint in the State Derivative Lawsuit on August 23, 2021, and the Company and individual defendants filed motions to dismiss (or alternatively, in the case of the Company, a motion for summary judgment) in the State Derivative Lawsuit on October 22, 2021. On March 17, 2022, the Court issued an order staying the State Derivative Lawsuit pending the resolution of the Federal Derivative Lawsuit described below. On September 2, 2021 Herbert Silverberg, another person making a Derivative Demand (“Silverberg”), commenced a derivative lawsuit on behalf of the Company against one current and one former director of the Company and the Company as a nominal defendant in the Federal District Court for the Western District of New York seeking damages and equitable relief on a basis overlapping with the State Derivative Lawsuit and alleged proxy statement misrepresentations and omissions. On October 4, 2021 Peters commenced a derivative lawsuit on behalf of the Company against the same parties named in the State Derivative Lawsuit in the Federal District Court for the Western District of New York seeking damages and equitable relief on a basis overlapping with the State Derivative Lawsuit and alleged violations of Section 10(b) of the Exchange Act. The Federal derivative lawsuits filed by Silverberg and Peters were consolidated into a single proceeding (the “Federal Derivative Lawsuit”) on January 18, 2022, and Peters was appointed as lead plaintiff in the Federal Derivative Lawsuit. An amended consolidated complaint combining the allegations contained in the Federal derivative lawsuits filed by Silverberg and Peters was filed in the Federal Derivative Lawsuit on February 16, 2022, and the Company and individual defendants filed motions to dismiss or, in the alternative in the case of the Company, for summary judgment on April 15, 2022. Limited discovery in the case is ongoing. Additional shareholder derivative lawsuits may be brought based on the other Derivative Demands (any such lawsuits, collectively with the State Derivative Lawsuit, the Federal Derivative Lawsuit and the Fiduciary Class Action, the “Fiduciary Matters”). The Company, acting through a Special Committee of Independent Directors, previously determined that there was no merit to the claims alleged by the Derivative Demands made through the time of its determination (except with respect to the charitable contribution, which was not fully considered by the Special Committee). See the Company’s Current Report on Form 8‐K filed with the SEC on September 16, 2020. The Company, acting through a separate Special Litigation Committee of Independent Directors, concurred with the first Special Committee’s findings and further concluded it is not in the Company’s interest to bring or allow any other shareholder to assert any of the claims alleged by the State Derivative Lawsuit or Federal Derivative Lawsuit (with the exception of the Peters claim purportedly arising under Section 10(b) of the Exchange Act, which was not addressed as no demand was made with respect to such claim). The second Special Litigation Committee will carefully review any other additional complaints constituting Fiduciary Matters which may be filed. The DFC Announcement has also prompted investigations by several congressional committees, the SEC and the New York Attorney General’s office. The Company has cooperated in those investigations. As previously reported, the Attorney General of the State of New York (the “NYAG”) has threatened to file a lawsuit against the Company and its Chief Executive Officer alleging violations of New York State’s Martin Act (the “Threatened Claim”). In connection with the Threatened Claim, on June 15, 2021 the Supreme Court of the State of New York in New York County issued an order providing for additional document production by the Company to the NYAG and the taking by the NYAG of investigative testimony of the Company’s Chief Executive Officer and General Counsel. The Company has completed its document production and its officers provided the testimony as contemplated by such order on October 8, 2021 and October 1, 2021, respectively. The Company had discussions with the NYAG regarding a potential resolution of the Threatened Claim in the spring of 2022, but those discussions did not result in a resolution. If the Threatened Claim is not resolved and is ultimately brought by the NYAG, the Company intends to vigorously defend itself against the Threatened Claim. In addition, Kodak is involved in various lawsuits, claims, investigations, remediations and proceedings, including, from time to time, commercial, customs, employment, environmental, tort 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 these various matters, individually or collectively, will have a material adverse effect on its financial condition 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 8 - Guarantees

Note 8 - Guarantees	6 Months Ended
	Jun. 30, 2022
Guarantees [Abstract]
Guarantees	NOTE 8: GUARANTEES In connection with the settlement of certain of the Company’s historical environmental liabilities at Eastman Business Park, a more than 1,200-acre technology center and industrial complex in Rochester, New York, 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. Extended Warranty Arrangements Kodak offers its customers extended warranty arrangements that are generally one year, but may range from three months to six years after the original warranty period. The change in Kodak’s deferred revenue balance in relation to these extended warranty and maintenance arrangements from December 31, 2021 to June 30, 2022, 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, 2021 $ 19 New extended warranty and maintenance arrangements deferred 45 Recognition of extended warranty and maintenance arrangement revenue (45 ) Deferred revenue on extended warranties as of June 30, 2022 $ 19

Note 9 - Revenue

Note 9 - Revenue	6 Months Ended
	Jun. 30, 2022
Revenue From Contract With Customer [Abstract]
Revenue	NOTE 9: REVENUE Disaggregation of Revenue The following tables present revenue disaggregated by major product, portfolio summary and geography Major Product Three Months Ended June 30, 2022 (in millions) Traditional Printing Digital Printing Advanced Materials and Chemicals Brand All Other Total Plates, inks and other consumables $ 165 $ 17 $ 7 $ — $ — $ 189 Ongoing service arrangements (1) 19 33 3 — — 55 Total annuities 184 50 10 — — 244 Equipment & software 10 8 — — — 18 Film and chemicals — — 50 — — 50 Other (2) — — 1 4 4 9 Total $ 194 $ 58 $ 61 $ 4 $ 4 $ 321 Six Months Ended June 30, 2022 (in millions) Traditional Printing Digital Printing Advanced Materials and Chemicals Brand All Other Total Plates, inks and other consumables $ 310 $ 33 $ 14 $ — $ — $ 357 Ongoing service arrangements (1) 38 67 5 — — 110 Total annuities 348 100 19 — — 467 Equipment & software 18 14 — — — 32 Film and chemicals — — 95 — — 95 Other (2) — — 1 8 8 17 Total $ 366 $ 114 $ 115 $ 8 $ 8 $ 611 Three Months Ended June 30, 2021 (in millions) Traditional Printing Digital Printing Advanced Materials and Chemicals Brand All Other Total Plates, inks and other consumables $ 135 $ 16 $ 5 $ — $ — $ 156 Ongoing service arrangements (1) 20 33 2 — — 55 Total annuities 155 49 7 — — 211 Equipment & software 14 13 — — — 27 Film and chemicals — — 47 — — 47 Other (2) — — — 3 3 6 Total $ 169 $ 62 $ 54 $ 3 $ 3 $ 291 Six Months Ended June 30, 2021 (in millions) Traditional Printing Digital Printing Advanced Materials and Chemicals Brand All Other Total Plates, inks and other consumables $ 256 $ 33 $ 10 $ — $ — $ 299 Ongoing service arrangements (1) 40 67 3 — — 110 Total annuities 296 100 13 — — 409 Equipment & software 21 26 — — — 47 Film and chemicals — — 86 — — 86 Other (2) — — 1 6 7 14 Total $ 317 $ 126 $ 100 $ 6 $ 7 $ 556 (1) Service revenue in the Consolidated Statement of Operations includes the ongoing service revenue shown above as well as one-time service revenue. (2) Other includes revenue from non-recurring engineering services, tenant rent and related property management services and licensing. Product Portfolio Summary: Three Months Ended June 30, 2022 (in millions) Traditional Printing Digital Printing Advanced Materials and Chemicals Brand All Other Total Growth engines (1) $ 71 $ 34 $ 1 $ — $ — $ 106 Strategic other businesses (2) 123 13 60 4 4 204 Planned declining businesses (3) — 11 — — — 11 Total $ 194 $ 58 $ 61 $ 4 $ 4 $ 321 Six Months Ended June 30, 2022 (in millions) Traditional Printing Digital Printing Advanced Materials and Chemicals Brand All Other Total Growth engines (1) $ 137 $ 65 $ 1 $ — $ — $ 203 Strategic other businesses (2) 229 26 114 8 8 385 Planned declining businesses (3) — 23 — — — 23 Total $ 366 $ 114 $ 115 $ 8 $ 8 $ 611 Three Months Ended June 30, 2021 (in millions) Traditional Printing Digital Printing Advanced Materials and Chemicals Brand All Other Total Growth engines (1) $ 53 $ 36 $ — $ — $ — $ 89 Strategic other businesses (2) 116 15 54 3 3 191 Planned declining businesses (3) — 11 — — — 11 Total $ 169 $ 62 $ 54 $ 3 $ 3 $ 291 Six Months Ended June 30, 2021 (in millions) Traditional Printing Digital Printing Advanced Materials and Chemicals Brand All Other Total Growth engines (1) $ 100 $ 73 $ — $ — $ — $ 173 Strategic other businesses (2) 217 28 100 6 7 358 Planned declining businesses (3) — 25 — — — 25 Total $ 317 $ 126 $ 100 $ 6 $ 7 $ 556 (1) Growth engines consist of Sonora in the Traditional Printing segment, PROSPER and Software in the Digital Printing segment, and Advanced Materials and Functional Printing in the Advanced Materials and Chemicals segment, excluding intellectual property (“IP”) licensing. (2) Strategic other businesses include plates (excluding Sonora plates) and Computer to Plate (“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; the Brand segment and All Other. (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 VERSAMARK and Digimaster in the Digital Printing segment. Geography (1): Three Months Ended June 30, 2022 (in millions) Traditional Printing Digital Printing Advanced Materials and Chemicals Brand All Other Total United States $ 44 $ 29 $ 46 $ 4 $ 4 $ 127 Canada 3 2 1 — — 6 North America 47 31 47 4 4 133 Europe, Middle East and Africa 98 19 5 — — 122 Asia Pacific 42 7 9 — — 58 Latin America 7 1 — — — 8 Total $ 194 $ 58 $ 61 $ 4 $ 4 $ 321 Six Months Ended June 30, 2022 (in millions) Traditional Printing Digital Printing Advanced Materials and Chemicals Brand All Other Total United States $ 80 $ 55 $ 86 $ 8 $ 8 $ 237 Canada 6 4 1 — — 11 North America 86 59 87 8 8 248 Europe, Middle East and Africa 182 38 9 — — 229 Asia Pacific 83 15 19 — — 117 Latin America 15 2 — — — 17 Total $ 366 $ 114 $ 115 $ 8 $ 8 $ 611 Three Months Ended June 30, 2021 (in millions) Traditional Printing Digital Printing Advanced Materials and Chemicals Brand All Other Total United States $ 36 $ 26 $ 38 $ 3 $ 3 $ 106 Canada 4 2 1 — — 7 North America 40 28 39 3 3 113 Europe, Middle East and Africa 76 22 5 — — 103 Asia Pacific 46 11 10 — — 67 Latin America 7 1 — — — 8 Total $ 169 $ 62 $ 54 $ 3 $ 3 $ 291 Six Months Ended June 30, 2021 (in millions) Traditional Printing Digital Printing Advanced Materials and Chemicals Brand All Other Total United States $ 65 $ 53 $ 71 $ 6 $ 7 $ 202 Canada 6 5 1 — — 12 North America 71 58 72 6 7 214 Europe, Middle East and Africa 144 41 8 — — 193 Asia Pacific 88 25 20 — — 133 Latin America 14 2 — — — 16 Total $ 317 $ 126 $ 100 $ 6 $ 7 $ 556 (1) Sales are reported in the geographic area in which they originate. 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 amount recorded for contract assets at June 30, 2022 and December 31, 2021 was $1 million and $3 million, respectively, and is 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 June 30, 2022 and December 31, 2021 were $61 million and $57 million, respectively, in the Consolidated Statement of Financial Position, of which $48 million and $43 million are reported in Other current liabilities, respectively, and $13 million and $14 million are reported in Other long-term liabilities, respectively. Revenue recognized for the three and six months ended June 30, 2022 and 2021 that was included in the contract liability balance at the beginning of the year was $12 million and $29 million, respectively, in 2022 and $6 million and $31 million, respectively, in 2021 and primarily represented revenue from prepaid service contracts and equipment revenue recognition. Contract liabilities as of June 30, 2022 included $22 million and $33 million of cash payments received during the three and six months ended June 30, 2022 respectively. Contract liabilities as of June 30, 2021 included $22 million and $26 million of cash payments received during the three and six months ended June 30, 2021, respectively. Kodak does not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less or for which revenue is recognized at the amount to which Kodak has the right to invoice for services performed. Performance obligations with an original expected length of greater than one year generally consist of deferred service contracts, operating leases and licensing arrangements. As of June 30, 2022, there was approximately $65 million of unrecognized revenue from unsatisfied performance obligations. Approximately 15% of the revenue from unsatisfied performance obligations is expected to be recognized in the remainder of 2022, 30% in 2023, 30% in the two-year thereafter

Note 10 - Other Operating Incom

Note 10 - Other Operating Income	6 Months Ended
	Jun. 30, 2022
Other Operating Expense Income Net [Abstract]
Other Operating Income	NOTE 10: OTHER OPERATING INCOME Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Expense (income): Legal settlements $ — $ (6 ) $ — $ (7 ) Total $ — $ (6 ) $ — $ (7 )

Note 11 - Other (Income) Charge

Note 11 - Other (Income) Charges	6 Months Ended
	Jun. 30, 2022
Other Income And Expenses [Abstract]
Other (Income) Charges	NOTE 11: OTHER (INCOME) CHARGES Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Change in fair value of embedded conversion features derivative liability (1) $ (4 ) $ (1 ) $ (1 ) $ — Loss on foreign exchange transactions 2 1 2 1 Other 1 1 1 — Total $ (1 ) $ 1 $ 2 $ 1 (1) Refer to Note 18, “Financial Instruments

Note 12 - Income Taxes

Note 12 - Income Taxes	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 12: INCOME TAXES Kodak’s income tax provision and effective tax rate were as follows: Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Earnings from operations before income taxes $ 19 $ 19 $ 18 $ 26 Effective tax rate (5.3 )% 15.8 % 5.6 % 15.4 % (Benefit) provision for income taxes (1 ) 3 1 4 Provision for income taxes at U.S. statutory tax rate 4 4 4 5 Difference between tax at effective vs. statutory rate $ (5 ) $ (1 ) $ (3 ) $ (1 ) For the three months ended June 30, 2022, the difference between Kodak’s effective tax rate and the U.S. statutory rate of 21.0% is primarily attributable to: (1) the impact related to existing valuation allowances associated with changes in net deferred tax assets from current earnings and losses, (2) the results from operations in jurisdictions outside the U.S. and (3) a benefit associated with foreign withholding taxes on undistributed earnings. For the six months ended June 30, 2022, the difference between Kodak’s effective tax rate and the U.S. statutory rate of 21.0% is primarily attributable to: (1) the impact related to existing valuation allowances associated with changes in net deferred tax assets from current earnings and losses, (2) the results from operations in jurisdictions outside the U.S., (3) a benefit associated with foreign withholding taxes on undistributed earnings and (4) changes in audit reserves, including a settlement with a taxing authority in a location outside the U.S. During the quarter ended March 31, 2022, Kodak agreed to terms with a taxing authority outside the U.S. and settled open tax audits for years 2015 through 2018. This settlement included a cash payment of $2 million which is reflected in the provision for taxes in the year-to-date period, and a decrease in net deferred tax assets of $2 million which was fully offset by a corresponding change in the valuation allowance. For the three months ended June 30, 2021, the difference between Kodak’s effective tax rate and the U.S. statutory rate of 21.0% is primarily attributable to: (1) the impact related to existing valuation allowances associated with changes in net deferred tax assets from current earnings and losses and (2) the results from operations in jurisdictions outside the U.S. For the six months ended June 30, 2021, the difference between Kodak’s effective tax rate and the U.S. statutory rate of 21.0% is primarily attributable to: (1) the impact related to existing valuation allowances associated with changes in net deferred tax assets from current earnings and losses, (2) the results from operations in jurisdictions outside the U.S., (3) a benefit associated with foreign withholding taxes on undistributed earnings and (4) changes in audit reserves, including a settlement with a taxing authority in a location outside the U.S. During the quarter ended March 31, 2021, Kodak agreed to terms with a taxing authority outside the U.S. and settled open tax audits for years prior to and including 2014. For these years, Kodak originally recorded liabilities for unrecognized tax positions totaling $3 million (plus interest of approximately $4 million), which were substantially offset by pre-paid assets.

Note 13 - Retirement Plans and

Note 13 - Retirement Plans and Other Postretirement Benefits	6 Months Ended
	Jun. 30, 2022
Compensation And Retirement Disclosure [Abstract]
Retirement Plans and Other Postretirement Benefits	NOTE 13: 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 Six Months Ended June 30, June 30, 2022 2021 2022 2021 (in millions) U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. Major defined benefit plans: Service cost $ 3 $ 1 $ 2 $ 1 $ 6 $ 2 $ 5 $ 2 Interest cost 17 2 12 1 32 4 24 2 Expected return on plan assets (44 ) (3 ) (42 ) (4 ) (88 ) (7 ) (84 ) (7 ) Amortization of: Prior service credit (1 ) — (1 ) — (3 ) — (3 ) — Actuarial loss — 2 8 2 — 5 15 4 Net pension (income) expense from major plans (25 ) 2 (21 ) — (53 ) 4 (43 ) 1 Total net pension (income) expense $ (25 ) $ 2 $ (21 ) $ — $ (53 ) $ 4 $ (43 ) $ 1 The Kodak Retirement Income Plan (“KRIP”) was remeasured on May 31, 2022 due to a plan amendment. The plan amendment increased the employees’ crediting rates from 9% or 10% of pay based on employee classification to 12% or 13% of pay, retroactive to January 1, 2022. The plan amendment also provided a one-time service credit to eligible employees’ cash balance accounts. As a result of the remeasurement, KRIP’s projected benefit obligation decreased $345 million primarily driven by an increase in the discount rate ($376 million) partially offset by the impacts from the plan amendments ($28 million) and changes in other demographic assumptions ($3 million). The discount rate assumption used in the May 31, 2022 remeasurement was 4.16% compared to 2.54% used in the December 31, 2021 remeasurement. The remeasurement decreased the fair value of KRIP’s plan assets by $236 million. The expected long-term rate of return on plan assets assumption used in the May 31, 2022 remeasurement was unchanged from the rate used in the previous year-end remeasurement (5.20%). The net impact of the remeasurement increased the U.S. Plan’s funded status by $109 million.

Note 14 - Earnings Per Share

Note 14 - Earnings Per Share	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 14: 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 computations include any dilutive effect of potential common shares. In periods with a net loss available to common shareholders, 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. A reconciliation of the amounts used to calculate basic and diluted earnings per share for the three and six months ended June 30, 2022 and 2021 follows: Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Net income $ 20 $ 16 $ 17 $ 22 Less: Series B preferred stock cash and deemed dividends (1 ) (1 ) (2 ) (2 ) Less: Series C preferred stock in-kind and deemed dividends (1 ) (2 ) (3 ) (2 ) Less: Series A preferred stock cash and deemed dividends — — — (3 ) Plus: Expiration of Series A preferred stock embedded derivative — — — 11 Less: Earnings attributable to Series C preferred shareholders (2 ) — (2 ) — Net income available to common shareholders - basic $ 16 $ 13 $ 10 $ 26 Effect of dilutive securities: Add back: Series B preferred stock cash and deemed dividends $ 1 $ 1 $ — $ 2 Add back: Series C preferred stock in-kind and deemed dividends — 2 — 2 Net income available to common shareholders - diluted $ 17 $ 16 $ 10 $ 30 Three Months Ended Six Months Ended June 30, June 30, (in millions of shares) 2022 2021 2022 2021 Weighted average shares — basic 78.9 78.5 78.8 78.2 Effect of dilutive securities Series B preferred stock 9.5 9.5 — 6.5 Series C preferred stock — 10.0 — 6.4 Employee stock options 1.2 2.0 1.1 2.2 Unvested restricted stock units 0.6 0.6 0.5 0.6 Weighted average shares — diluted 90.2 100.6 80.4 93.9 The computation of diluted earnings per share for the three and six months ended June 30, 2022 excluded the impact of (1) the assumed conversion of $25 million of Convertible Notes issued in 2021, (2) the assumed conversion of 1.1 million The computation of diluted earnings per share for the six months ended June 30, 2022 excluded the impact of the assumed conversion of 1.0 million shares of Series B Preferred Stock and the assumed vesting of 0.2 million unvested restricted stock units because the effects would have been anti-dilutive. The computation of diluted earnings per share for the three and six months ended June 30, 2021 excluded the impact of (1) the assumed conversion of $25 million of Convertible Notes issued in 2021, (2) the assumed exercise of 3.2 million outstanding employee stock options in both periods and (3) the assumed vesting of 0.3 million unvested restricted stock units in both periods, because the effects would have been anti-dilutive.

Note 15 - Shareholders' Equity

Note 15 - Shareholders' Equity	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Stockholders' Equity	NOTE 15: SHAREHOLDERS’ EQUITY The Company 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. Common Stock As of June 30, 2022 and December 31, 2021, there were 79.0 million and 78.7 million shares of common stock outstanding, respectively. Preferred Stock Preferred stock issued and outstanding as of June 30, 2022 and December 31, 2021 consisted of 1.0 million shares of Series B Preferred Stock and 1.1 million shares of Series C Preferred Stock. Treasury Stock Treasury stock consisted of approximately 0.8 million shares as of both June 30, 2022 and December 31, 2021.

Note 16 - Other Comprehensive I

Note 16 - Other Comprehensive Income	6 Months Ended
	Jun. 30, 2022
Other Comprehensive Income Loss Net Of Tax Period Increase Decrease [Abstract]
Other Comprehensive Income	NOTE 16: OTHER COMPREHENSIVE INCOME The changes in Other comprehensive income (loss), by component, were as follows: Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Currency translation adjustments $ (10 ) $ 4 $ (5 ) $ 3 Pension and other postretirement benefit plan changes Newly established net gain (loss) 109 — 109 (1 ) Tax Provision — — — — Newly established net gain (loss), net of tax 109 — 109 (1 ) Reclassification adjustments: Amortization of prior service credit (1) (1 ) (2 ) (3 ) (4 ) Amortization of actuarial losses (1) 2 10 4 19 Total reclassification adjustments 1 8 1 15 Tax provision — — — — Reclassification adjustments, net of tax 1 8 1 15 Pension and other postretirement benefit plan changes, net of tax 110 8 110 14 Other comprehensive income $ 100 $ 12 $ 105 $ 17 (1)

Note 17 - Segment Information

Note 17 - Segment Information	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Segment Information	NOTE 17: SEGMENT INFORMATION Kodak has four reportable segments: Traditional Printing, Digital Printing, Advanced Materials and Chemicals and Brand. A description of Kodak’s reportable segments follows. Traditional Printing : The Traditional Printing segment is comprised of Prepress Solutions. Digital Printing : The Digital Printing segment is comprised of four lines of business: the Electrophotographic Printing Solutions business, the PROSPER business, the VERSAMARK business and the Kodak Software business. Advanced Materials and Chemicals: The Advanced Materials and Chemicals segment is comprised of three lines of business: Industrial Film and Chemicals, Motion Picture and Advanced Materials and Functional Printing. Brand : The Brand segment contains the brand licensing business. All Other : All Other is comprised of the operations of the Eastman Business Park, a more than 1,200-acre technology center and industrial complex Segment financial information is shown below: Segment Revenues Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Traditional Printing $ 194 $ 169 $ 366 $ 317 Digital Printing 58 62 114 126 Advanced Materials and Chemicals 61 54 115 100 Brand 4 3 8 6 All Other 4 3 8 7 Consolidated total $ 321 $ 291 $ 611 $ 556 Segment Operational EBITDA and Consolidated Earnings from Operations Before Income Taxes Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Traditional Printing $ 10 $ 6 $ 8 $ 11 Digital Printing (4 ) — (9 ) — Advanced Materials and Chemicals 1 1 (2 ) (3 ) Brand 4 3 7 5 Total of reportable segments 11 10 4 13 All other 1 1 1 1 Depreciation and amortization (7 ) (8 ) (14 ) (16 ) Restructuring costs and other — — — (1 ) Stock based compensation (1 ) (1 ) (3 ) (4 ) Consulting and other costs (1) (3 ) (4 ) (5 ) (9 ) Idle costs (2) — — (1 ) (1 ) Other operating income, net (3) — 6 — 7 Interest expense (3) (10 ) (10 ) (19 ) (14 ) Pension income excluding service cost component (3) 27 26 57 51 Other income (charges), net (3) 1 (1 ) (2 ) (1 ) Consolidated earnings from operations before income taxes $ 19 $ 19 $ 18 $ 26 (1) Consulting and other costs are primarily professional services and internal costs associated with certain corporate strategic initiatives, investigations and litigation. (2) 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 and the costs, net of any rental income received, of underutilized portions of certain properties. (3) As reported in the Consolidated Statement of Operations. Kodak decreased workers’ compensation reserves by approximately $4 million and $8 million in the three and six months ended June 30, 2022, driven by changes in discount rates. The decrease in reserves in the three months ended June 30, 2022 impacted gross profit by approximately $2 million and Selling, general and administrative expenses (“SG&A”) by approximately $2 million. The decrease in reserves in the six months ended June 30, 2022 impacted gross profit by approximately $5 million and Selling, general and administrative expenses by approximately $3 million. Kodak decreased workers’ compensation reserves by approximately $3 million in the second quarter of 2021, driven by changes in discount rates. The decrease in reserves in the second quarter of 2021 impacted gross profit by approximately $2 million and Selling, general and administrative expenses by approximately $1 million. 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 earnings from operations excluding the provision for income taxes; non-service cost components of pension and other postemployment benefits (“OPEB”) income; depreciation and amortization expense; restructuring costs; stock-based compensation expense; consulting and other costs; idle costs; other operating income, net (unless otherwise indicated); interest expense and other income (charges), net. Kodak’s segments are measured using Operational EBITDA both before and after allocation of corporate 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 Advanced Materials and Chemicals segment.

Note 18 - Financial Instruments

Note 18 - Financial Instruments	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Financial Instruments	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 income at the same time that the exposed assets and liabilities are remeasured through net income (both in Other (income) charges, net in the Consolidated Statement of Operations). The notional amount of such contracts open at June 30, 2022 and December 31, 2021 was approximately $294 million and $322 million, respectively. The majority of the contracts of this type held by Kodak as of June 30, 2022 and December 31, 2021 are denominated in euros, Chinese renminbi and Japanese yen. The net effect of foreign currency forward contracts in the results of operations is shown in the following table: Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Net loss (gain) from derivatives not designated as hedging instruments $ 7 $ (1 ) $ 10 $ 2 Kodak had no derivatives designated as hedging instruments for the three and six months ended June 30, 2022 and 2021. In the event of a default under the Company’s Credit Agreements, 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. The Company concluded that the 2021 Convertible Notes are considered more akin to a debt-type instrument and that the economic characteristics and risks of certain of the embedded conversion features are not considered clearly and closely related to the Convertible Notes. The embedded conversion features not considered clearly and closely related are the conversion at the option of the holder (“Optional Conversion”), the mandatory conversion by Kodak (“Mandatory Conversion”) and the conversion in the event of a fundamental transaction by the holder at the then applicable conversion rate (“Fundamental Change”). Accordingly, these embedded conversion features were bifurcated from the Convertible Notes and separately accounted for on a combined basis as a single derivative asset or liability. The derivative was in a liability position at June 30, 2022 and December 31, 2021 and was reported in Other long-term liabilities in the Consolidated Statement of Financial Position. The derivative is being accounted for at fair value with changes in fair value included in Other (income) charges, net in the Consolidated Statement of Operations. The Company concluded that the Series B Preferred Stock and the Series C Preferred Stock are considered more akin to a debt-type instrument and that the economic characteristics and risks of the conversion in the event of a Fundamental Change is not considered clearly and closely related to the Series B and Series C Preferred Stock. Accordingly, this embedded conversion feature was bifurcated from both the Series B and Series C Preferred Stock and both are separately accounted for as a single derivative asset or liability. Both derivatives were in a liability position at June 30, 2022 and December 31, 2021 and were reported in Other long-term liabilities in the Consolidated Statement of Financial Position. The derivatives are being accounted for at fair value with changes in fair value included in Other (income) charges, net in the Consolidated Statement of Operations. Fair Value 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. The gross fair value of foreign currency forward contracts in an asset position are reported in Other current assets and the gross fair value of foreign currency forward contracts in a liability position are reported in Other current liabilities in the Consolidated Statement of Financial Position. The gross fair value of forward contracts in an asset position as of both June 30, 2022 and December 31, 2021 was $0 million. The gross fair value of foreign currency forward contracts in a liability position as of June 30, 2022 and December 31, 2021 was $1 million and $0 million, respectively. Transfers between levels of the fair value hierarchy are recognized based on the actual date of the event or change in circumstances that caused the transfer. There were no transfers between levels of the fair value hierarchy during the three and six months ended June 30, 2022. The fair value of the embedded conversion features derivatives was calculated using unobservable inputs (Level 3 fair measurements). The value of the embedded derivatives associated with the Convertible Notes and Series B and Series C Preferred Stock were calculated using a binomial lattice model. The following tables present the key inputs in the determination of fair value for the embedded conversion features: 2021 Convertible Notes: Valuation Date June 30, December 31, 2022 2021 Total value of embedded derivative liability ($ millions) $ 4 $ 4 Kodak's closing stock price $ 4.64 $ 4.68 Expected stock price volatility 45.00 % 36.00 % Risk free rate 3.00 % 1.17 % Implied credit spread on the Convertible Notes 25.38 % 18.89 % Series B Preferred Stock: Valuation Date June 30, December 31, 2022 2021 Total value of embedded derivative liability ($ millions) $ 1 $ 1 Kodak's closing stock price $ 4.64 $ 4.68 Expected stock price volatility 45.00 % 36.00 % Risk free rate 3.00 % 1.17 % Implied credit spread on the preferred stock 26.38 % 19.39 % Series C Preferred Stock: Valuation Date June 30, December 31, 2022 2021 Total value of embedded derivative liability ($ millions) $ 1 $ 2 Kodak's closing stock price $ 4.64 $ 4.68 Expected stock price volatility 45.00 % 36.00 % Risk free rate 3.00 % 1.17 % Implied credit spread on the preferred stock 28.38 % 21.39 % The Fundamental Change values at issuance were calculated as the difference between the total value of the Convertible Notes, Series B or Series C Preferred Stock, as applicable, and the sum of the net present value of the cash flows if the Convertible Notes are repaid at their maturity date or Series B and Series C Preferred Stock are redeemed on their redemption date and the values of the other embedded derivatives. The Fundamental Change values reduce the value of the embedded conversion features derivative liability. Other than events that alter the likelihood of a fundamental change or reorganization event, the value of the Fundamental Change reflects the value as of the issuance date, amortized for the passage of time. The fair values of long-term debt (Level 2 fair value measurements) are determined by reference to quoted market prices of similar instruments, 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 $272 million and $269 million at June 30, 2022 and December 31, 2021, respectively. The carrying values of cash and cash equivalents, restricted cash and the current portion of long-term debt approximate their fair values at both June 30, 2022 and December 31, 2021.

Note 19 - Subsequent Event

Note 19 - Subsequent Event	6 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Event	NOTE 19: SUBSEQUENT EVENT On July 13, 2022 Kodak invested $25 million of the proceeds received from the Delayed Draw Term Loans to acquire a minority preferred equity interest in Wildcat Discovery Technologies, Inc. (“Wildcat”), a private technology company that uses proprietary methods to research and develop new battery materials. Kodak has also entered into an agreement to provide coating and engineering services in collaboration with Wildcat to develop and scale film coating technologies.

Basis of Presentation and Recen

Basis of Presentation and Recent Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation	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 for a fair statement of the results of operations, financial position and cash flows of Eastman Kodak Company and all companies directly or indirectly controlled, either through majority ownership or otherwise (“Kodak” or the “Company”). The results of operations for the interim periods are not necessarily indicative of the results for the entire fiscal year. These consolidated interim statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 (the “2021 Form 10-K”).
Recently Adopted Accounting Pronouncements and Recently Issued Accounting Pronouncements	RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS No accounting pronouncements have been adopted in 2022. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS In June 2016, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2016-13, “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. ASU 2016-13 (as amended by ASUs 2018-19, 2019-04, 2019-05, 2019-10, 2019-11, 2020-02, 2020-03 and 2022-02) requires a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. In addition, the ASU requires credit losses relating to available-for-sale debt securities to be recorded through an allowance for credit losses. The amendments in this ASU broaden the information that an entity must consider in developing its expected credit loss estimate for assets measured either collectively or individually. The ASU is effective January 1, 2023, for Kodak, and interim periods within that fiscal year. Early adoption is permitted. is currently evaluating the impact of this ASU.

Note 2 - Cash, Cash Equivalen_2

Note 2 - Cash, Cash Equivalents and Restricted Cash (Tables)	6 Months Ended
	Jun. 30, 2022
Cash And Cash Equivalents [Abstract]
Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the Consolidated Statement of Financial Position that sums to the total of such amounts shown in the Statement of Cash Flows: June 30, December 31, (in millions) 2022 2021 Cash and cash equivalents $ 289 $ 362 Restricted cash reported in Other current assets 7 7 Restricted cash 57 54 Total cash, cash equivalents and restricted cash shown in the Statement of Cash Flows $ 353 $ 423

Note 3 - Inventories, Net (Tabl

Note 3 - Inventories, Net (Tables)	6 Months Ended
	Jun. 30, 2022
Inventory Disclosure [Abstract]
Inventories	June 30, December 31, (in millions) 2022 2021 Finished goods $ 121 $ 94 Work in process 69 65 Raw materials 72 60 Total $ 262 $ 219

Note 4 - Debt And Finance Lea_2

Note 4 - Debt And Finance Leases (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Debt and Finance Leases and Related Maturities and Interest Rates	Debt and finance leases and related maturities and interest rates were as follows: (in millions) Type Maturity Weighted-Average Effective Interest Rate June 30, 2022 December 31, 2022 Current portion: RED-Rochester, LLC 2033 11.42% $ 1 $ 1 1 1 Non-current portion: Term loans 2026 13.81% 279 224 Convertible debt 2026 17.28% 16 15 RED-Rochester, LLC 2033 11.42% 12 12 Finance leases Various Various — 1 Other debt Various Various 1 1 308 253 $ 309 $ 254
Schedule of Maturities of Debt and Finance Leases Outstanding	Annual maturities of debt and finance leases outstanding at June 30, 2022 were as follows: Carrying Value Maturity Value Q3 - Q4 2022 1 1 2023 2 2 2024 1 1 2025 1 1 2026 295 367 2027 and thereafter 9 9 Total $ 309 $ 381

Note 5 - Redeemable, Converti_2

Note 5 - Redeemable, Convertible Preferred Stock (Tables)	6 Months Ended
	Jun. 30, 2022
Temporary Equity Disclosure [Abstract]
Summary of Redeemable Convertible Preferred Stock	Redeemable convertible preferred stock was as follows: June 30, December 31, (in millions) 2022 2021 Series B preferred stock $ 94 $ 94 Series C preferred stock 105 102 Total $ 199 $ 196

Note 6 - Leases (Tables)

Note 6 - Leases (Tables)	6 Months Ended
	Jun. 30, 2022
Leases [Abstract]
Summary of Income Recognized on Lease Arrangements	Income recognized on operating lease arrangements for the three and six months ended June 30, 2022 and 2021 is presented below. Income recognized for sales-type lease arrangements for both the three and six months ended June 30, 2022 was $0 million and for the three and six months ended June 30, 2021 was $0 million and $1 million, respectively. Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Lease income - operating leases: Lease income $ 3 $ 2 $ 5 $ 4 Variable lease income 1 1 2 2 Total lease income $ 4 $ 3 $ 7 $ 6

Note 8 - Guarantees (Tables)

Note 8 - Guarantees (Tables)	6 Months Ended
	Jun. 30, 2022
Guarantees [Abstract]
Deferred Revenue, by Arrangement	(in millions) Deferred revenue on extended warranties as of December 31, 2021 $ 19 New extended warranty and maintenance arrangements deferred 45 Recognition of extended warranty and maintenance arrangement revenue (45 ) Deferred revenue on extended warranties as of June 30, 2022 $ 19

Note 9 - Revenue (Tables)

Note 9 - Revenue (Tables)	6 Months Ended
	Jun. 30, 2022
Revenue From Contract With Customer [Abstract]
Disaggregated Revenue by Major Product, Product Portfolio Summary and Geography	The following tables present revenue disaggregated by major product, portfolio summary and geography Major Product Three Months Ended June 30, 2022 (in millions) Traditional Printing Digital Printing Advanced Materials and Chemicals Brand All Other Total Plates, inks and other consumables $ 165 $ 17 $ 7 $ — $ — $ 189 Ongoing service arrangements (1) 19 33 3 — — 55 Total annuities 184 50 10 — — 244 Equipment & software 10 8 — — — 18 Film and chemicals — — 50 — — 50 Other (2) — — 1 4 4 9 Total $ 194 $ 58 $ 61 $ 4 $ 4 $ 321 Six Months Ended June 30, 2022 (in millions) Traditional Printing Digital Printing Advanced Materials and Chemicals Brand All Other Total Plates, inks and other consumables $ 310 $ 33 $ 14 $ — $ — $ 357 Ongoing service arrangements (1) 38 67 5 — — 110 Total annuities 348 100 19 — — 467 Equipment & software 18 14 — — — 32 Film and chemicals — — 95 — — 95 Other (2) — — 1 8 8 17 Total $ 366 $ 114 $ 115 $ 8 $ 8 $ 611 Three Months Ended June 30, 2021 (in millions) Traditional Printing Digital Printing Advanced Materials and Chemicals Brand All Other Total Plates, inks and other consumables $ 135 $ 16 $ 5 $ — $ — $ 156 Ongoing service arrangements (1) 20 33 2 — — 55 Total annuities 155 49 7 — — 211 Equipment & software 14 13 — — — 27 Film and chemicals — — 47 — — 47 Other (2) — — — 3 3 6 Total $ 169 $ 62 $ 54 $ 3 $ 3 $ 291 Six Months Ended June 30, 2021 (in millions) Traditional Printing Digital Printing Advanced Materials and Chemicals Brand All Other Total Plates, inks and other consumables $ 256 $ 33 $ 10 $ — $ — $ 299 Ongoing service arrangements (1) 40 67 3 — — 110 Total annuities 296 100 13 — — 409 Equipment & software 21 26 — — — 47 Film and chemicals — — 86 — — 86 Other (2) — — 1 6 7 14 Total $ 317 $ 126 $ 100 $ 6 $ 7 $ 556 (1) Service revenue in the Consolidated Statement of Operations includes the ongoing service revenue shown above as well as one-time service revenue. (2) Other includes revenue from non-recurring engineering services, tenant rent and related property management services and licensing. Product Portfolio Summary: Three Months Ended June 30, 2022 (in millions) Traditional Printing Digital Printing Advanced Materials and Chemicals Brand All Other Total Growth engines (1) $ 71 $ 34 $ 1 $ — $ — $ 106 Strategic other businesses (2) 123 13 60 4 4 204 Planned declining businesses (3) — 11 — — — 11 Total $ 194 $ 58 $ 61 $ 4 $ 4 $ 321 Six Months Ended June 30, 2022 (in millions) Traditional Printing Digital Printing Advanced Materials and Chemicals Brand All Other Total Growth engines (1) $ 137 $ 65 $ 1 $ — $ — $ 203 Strategic other businesses (2) 229 26 114 8 8 385 Planned declining businesses (3) — 23 — — — 23 Total $ 366 $ 114 $ 115 $ 8 $ 8 $ 611 Three Months Ended June 30, 2021 (in millions) Traditional Printing Digital Printing Advanced Materials and Chemicals Brand All Other Total Growth engines (1) $ 53 $ 36 $ — $ — $ — $ 89 Strategic other businesses (2) 116 15 54 3 3 191 Planned declining businesses (3) — 11 — — — 11 Total $ 169 $ 62 $ 54 $ 3 $ 3 $ 291 Six Months Ended June 30, 2021 (in millions) Traditional Printing Digital Printing Advanced Materials and Chemicals Brand All Other Total Growth engines (1) $ 100 $ 73 $ — $ — $ — $ 173 Strategic other businesses (2) 217 28 100 6 7 358 Planned declining businesses (3) — 25 — — — 25 Total $ 317 $ 126 $ 100 $ 6 $ 7 $ 556 (1) Growth engines consist of Sonora in the Traditional Printing segment, PROSPER and Software in the Digital Printing segment, and Advanced Materials and Functional Printing in the Advanced Materials and Chemicals segment, excluding intellectual property (“IP”) licensing. (2) Strategic other businesses include plates (excluding Sonora plates) and Computer to Plate (“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; the Brand segment and All Other. (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 VERSAMARK and Digimaster in the Digital Printing segment. Geography (1): Three Months Ended June 30, 2022 (in millions) Traditional Printing Digital Printing Advanced Materials and Chemicals Brand All Other Total United States $ 44 $ 29 $ 46 $ 4 $ 4 $ 127 Canada 3 2 1 — — 6 North America 47 31 47 4 4 133 Europe, Middle East and Africa 98 19 5 — — 122 Asia Pacific 42 7 9 — — 58 Latin America 7 1 — — — 8 Total $ 194 $ 58 $ 61 $ 4 $ 4 $ 321 Six Months Ended June 30, 2022 (in millions) Traditional Printing Digital Printing Advanced Materials and Chemicals Brand All Other Total United States $ 80 $ 55 $ 86 $ 8 $ 8 $ 237 Canada 6 4 1 — — 11 North America 86 59 87 8 8 248 Europe, Middle East and Africa 182 38 9 — — 229 Asia Pacific 83 15 19 — — 117 Latin America 15 2 — — — 17 Total $ 366 $ 114 $ 115 $ 8 $ 8 $ 611 Three Months Ended June 30, 2021 (in millions) Traditional Printing Digital Printing Advanced Materials and Chemicals Brand All Other Total United States $ 36 $ 26 $ 38 $ 3 $ 3 $ 106 Canada 4 2 1 — — 7 North America 40 28 39 3 3 113 Europe, Middle East and Africa 76 22 5 — — 103 Asia Pacific 46 11 10 — — 67 Latin America 7 1 — — — 8 Total $ 169 $ 62 $ 54 $ 3 $ 3 $ 291 Six Months Ended June 30, 2021 (in millions) Traditional Printing Digital Printing Advanced Materials and Chemicals Brand All Other Total United States $ 65 $ 53 $ 71 $ 6 $ 7 $ 202 Canada 6 5 1 — — 12 North America 71 58 72 6 7 214 Europe, Middle East and Africa 144 41 8 — — 193 Asia Pacific 88 25 20 — — 133 Latin America 14 2 — — — 16 Total $ 317 $ 126 $ 100 $ 6 $ 7 $ 556 (1) Sales are reported in the geographic area in which they originate.

Note 10 - Other Operating Inc_2

Note 10 - Other Operating Income (Tables)	6 Months Ended
	Jun. 30, 2022
Other Operating Expense Income Net [Abstract]
Summary of Other Operating Income, by Component	Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Expense (income): Legal settlements $ — $ (6 ) $ — $ (7 ) Total $ — $ (6 ) $ — $ (7 )

Note 11 - Other (Income) Char_2

Note 11 - Other (Income) Charges (Tables)	6 Months Ended
	Jun. 30, 2022
Other Income And Expenses [Abstract]
Schedule of Other (Income) Charges	Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Change in fair value of embedded conversion features derivative liability (1) $ (4 ) $ (1 ) $ (1 ) $ — Loss on foreign exchange transactions 2 1 2 1 Other 1 1 1 — Total $ (1 ) $ 1 $ 2 $ 1 (1) Refer to Note 18, “Financial Instruments

Note 12 - Income Taxes (Tables)

Note 12 - Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Schedule of Income Tax Provision and Effective Tax Rate	Kodak’s income tax provision and effective tax rate were as follows: Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Earnings from operations before income taxes $ 19 $ 19 $ 18 $ 26 Effective tax rate (5.3 )% 15.8 % 5.6 % 15.4 % (Benefit) provision for income taxes (1 ) 3 1 4 Provision for income taxes at U.S. statutory tax rate 4 4 4 5 Difference between tax at effective vs. statutory rate $ (5 ) $ (1 ) $ (3 ) $ (1 )

Note 13 - Retirement Plans an_2

Note 13 - Retirement Plans and Other Postretirement Benefits (Tables)	6 Months Ended
	Jun. 30, 2022
Compensation And Retirement Disclosure [Abstract]
Component of the Net Periodic benefit Cost	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 Six Months Ended June 30, June 30, 2022 2021 2022 2021 (in millions) U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. Major defined benefit plans: Service cost $ 3 $ 1 $ 2 $ 1 $ 6 $ 2 $ 5 $ 2 Interest cost 17 2 12 1 32 4 24 2 Expected return on plan assets (44 ) (3 ) (42 ) (4 ) (88 ) (7 ) (84 ) (7 ) Amortization of: Prior service credit (1 ) — (1 ) — (3 ) — (3 ) — Actuarial loss — 2 8 2 — 5 15 4 Net pension (income) expense from major plans (25 ) 2 (21 ) — (53 ) 4 (43 ) 1 Total net pension (income) expense $ (25 ) $ 2 $ (21 ) $ — $ (53 ) $ 4 $ (43 ) $ 1

Note 14 - Earnings Per Share (T

Note 14 - Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Summary of Reconciliation of Basic and Diluted Earnings Per Share	A reconciliation of the amounts used to calculate basic and diluted earnings per share for the three and six months ended June 30, 2022 and 2021 follows: Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Net income $ 20 $ 16 $ 17 $ 22 Less: Series B preferred stock cash and deemed dividends (1 ) (1 ) (2 ) (2 ) Less: Series C preferred stock in-kind and deemed dividends (1 ) (2 ) (3 ) (2 ) Less: Series A preferred stock cash and deemed dividends — — — (3 ) Plus: Expiration of Series A preferred stock embedded derivative — — — 11 Less: Earnings attributable to Series C preferred shareholders (2 ) — (2 ) — Net income available to common shareholders - basic $ 16 $ 13 $ 10 $ 26 Effect of dilutive securities: Add back: Series B preferred stock cash and deemed dividends $ 1 $ 1 $ — $ 2 Add back: Series C preferred stock in-kind and deemed dividends — 2 — 2 Net income available to common shareholders - diluted $ 17 $ 16 $ 10 $ 30 Three Months Ended Six Months Ended June 30, June 30, (in millions of shares) 2022 2021 2022 2021 Weighted average shares — basic 78.9 78.5 78.8 78.2 Effect of dilutive securities Series B preferred stock 9.5 9.5 — 6.5 Series C preferred stock — 10.0 — 6.4 Employee stock options 1.2 2.0 1.1 2.2 Unvested restricted stock units 0.6 0.6 0.5 0.6 Weighted average shares — diluted 90.2 100.6 80.4 93.9

Note 16 - Other Comprehensive_2

Note 16 - Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2022
Other Comprehensive Income Loss Net Of Tax Period Increase Decrease [Abstract]
Changes in Other Comprehensive Income (Loss), by Component	The changes in Other comprehensive income (loss), by component, were as follows: Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Currency translation adjustments $ (10 ) $ 4 $ (5 ) $ 3 Pension and other postretirement benefit plan changes Newly established net gain (loss) 109 — 109 (1 ) Tax Provision — — — — Newly established net gain (loss), net of tax 109 — 109 (1 ) Reclassification adjustments: Amortization of prior service credit (1) (1 ) (2 ) (3 ) (4 ) Amortization of actuarial losses (1) 2 10 4 19 Total reclassification adjustments 1 8 1 15 Tax provision — — — — Reclassification adjustments, net of tax 1 8 1 15 Pension and other postretirement benefit plan changes, net of tax 110 8 110 14 Other comprehensive income $ 100 $ 12 $ 105 $ 17 (1)

Note 17 - Segment Information (

Note 17 - Segment Information (Tables)	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Traditional Printing $ 194 $ 169 $ 366 $ 317 Digital Printing 58 62 114 126 Advanced Materials and Chemicals 61 54 115 100 Brand 4 3 8 6 All Other 4 3 8 7 Consolidated total $ 321 $ 291 $ 611 $ 556 Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Traditional Printing $ 10 $ 6 $ 8 $ 11 Digital Printing (4 ) — (9 ) — Advanced Materials and Chemicals 1 1 (2 ) (3 ) Brand 4 3 7 5 Total of reportable segments 11 10 4 13 All other 1 1 1 1 Depreciation and amortization (7 ) (8 ) (14 ) (16 ) Restructuring costs and other — — — (1 ) Stock based compensation (1 ) (1 ) (3 ) (4 ) Consulting and other costs (1) (3 ) (4 ) (5 ) (9 ) Idle costs (2) — — (1 ) (1 ) Other operating income, net (3) — 6 — 7 Interest expense (3) (10 ) (10 ) (19 ) (14 ) Pension income excluding service cost component (3) 27 26 57 51 Other income (charges), net (3) 1 (1 ) (2 ) (1 ) Consolidated earnings from operations before income taxes $ 19 $ 19 $ 18 $ 26 (1) Consulting and other costs are primarily professional services and internal costs associated with certain corporate strategic initiatives, investigations and litigation. (2) 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 and the costs, net of any rental income received, of underutilized portions of certain properties. (3) As reported in the Consolidated Statement of Operations.

Note 18 - Financial Instrumen_2

Note 18 - Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Derivatives Not Designated as Hedging Instruments	The net effect of foreign currency forward contracts in the results of operations is shown in the following table: Three Months Ended Six Months Ended June 30, June 30, (in millions) 2022 2021 2022 2021 Net loss (gain) from derivatives not designated as hedging instruments $ 7 $ (1 ) $ 10 $ 2
Derivative Liability Key Inputs in Determination of Fair Value for Embedded Conversion Features	The following tables present the key inputs in the determination of fair value for the embedded conversion features: 2021 Convertible Notes: Valuation Date June 30, December 31, 2022 2021 Total value of embedded derivative liability ($ millions) $ 4 $ 4 Kodak's closing stock price $ 4.64 $ 4.68 Expected stock price volatility 45.00 % 36.00 % Risk free rate 3.00 % 1.17 % Implied credit spread on the Convertible Notes 25.38 % 18.89 % Series B Preferred Stock: Valuation Date June 30, December 31, 2022 2021 Total value of embedded derivative liability ($ millions) $ 1 $ 1 Kodak's closing stock price $ 4.64 $ 4.68 Expected stock price volatility 45.00 % 36.00 % Risk free rate 3.00 % 1.17 % Implied credit spread on the preferred stock 26.38 % 19.39 % Series C Preferred Stock: Valuation Date June 30, December 31, 2022 2021 Total value of embedded derivative liability ($ millions) $ 1 $ 2 Kodak's closing stock price $ 4.64 $ 4.68 Expected stock price volatility 45.00 % 36.00 % Risk free rate 3.00 % 1.17 % Implied credit spread on the preferred stock 28.38 % 21.39 %

Note 2 - Schedule of Reconcilia

Note 2 - Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Cash And Cash Equivalents [Abstract]
Cash and cash equivalents	$ 289	$ 362
Restricted cash reported in Other current assets	7	7
Restricted cash	57	54
Total cash, cash equivalents and restricted cash shown in the Statement of Cash Flows	$ 353	$ 423	$ 469	$ 256

Note 2 - Cash, Cash Equivalen_3

Note 2 - Cash, Cash Equivalents and Restricted Cash (Details Textual) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Cash Collateralized Letter of Credit Facility [Member]
Restricted Cash And Cash Equivalents Items [Line Items]
Restricted cash	$ 45	$ 45
Brazil [Member]
Restricted Cash And Cash Equivalents Items [Line Items]
Restricted cash	5	3
China [Member] | Lucky HuaGuang Graphics Co Ltd [Member]
Restricted Cash And Cash Equivalents Items [Line Items]
Escrow deposit	$ 5	$ 4

Note 3 - Inventories (Details)

Note 3 - Inventories (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Finished goods	$ 121	$ 94
Work in process	69	65
Raw materials	72	60
Total	$ 262	$ 219

Note 4 - Debt and Finance Lea_3

Note 4 - Debt and Finance Leases and Related Maturities and Interest Rates (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Carrying Value	$ 309	$ 254
Long-term Debt [Member]
Debt Instrument [Line Items]
Carrying Value	$ 308	253
RED-Rochester, LLC [Member] | Current Portion, Long-term Debt [Member]
Debt Instrument [Line Items]
Maturity	2033
Weighted-Average Effective Interest Rate	11.42%
Carrying Value	$ 1	1
RED-Rochester, LLC [Member] | Long-term Debt [Member]
Debt Instrument [Line Items]
Maturity	2033
Weighted-Average Effective Interest Rate	11.42%
Carrying Value	$ 12	12
Finance leases [Member] | Current Portion, Long-term Debt [Member]
Debt Instrument [Line Items]
Carrying Value	$ 1	1
Finance leases [Member] | Long-term Debt [Member]
Debt Instrument [Line Items]
Carrying Value		1
Term Loans [Member] | Long-term Debt [Member]
Debt Instrument [Line Items]
Maturity	2026
Weighted-Average Effective Interest Rate	13.81%
Carrying Value	$ 279	224
Convertible Debt [Member] | Long-term Debt [Member]
Debt Instrument [Line Items]
Maturity	2026
Weighted-Average Effective Interest Rate	17.28%
Carrying Value	$ 16	15
Other Debt [Member] | Long-term Debt [Member]
Debt Instrument [Line Items]
Carrying Value	$ 1	$ 1

Note 4 - Annual Maturities of L

Note 4 - Annual Maturities of Long-Term Debt and Finance Leases (Details) $ in Millions	Jun. 30, 2022 USD ($)
Annual Maturities Of Long Term Debt [Abstract]
Q3 - Q4 2022	$ 1
2023	2
2024	1
2025	1
2026	295
2027 and thereafter	9
Total	309
Q3 - Q4 2022	1
2023	2
2024	1
2025	1
2026	367
2027 and thereafter	9
Total	$ 381

Note 4 - Debt and Finance Lea_4

Note 4 - Debt and Finance Leases (Details Textual) - USD ($)			6 Months Ended
	Jun. 15, 2022	Feb. 26, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Debt And Capital Leases [Line Items]
Net proceeds from Term Loan Credit Agreement			$ 49,000,000	$ 215,000,000
Holder fundamental transaction election period		30 days
2021 Convertible Notes Embedded Derivative [Member]
Debt And Capital Leases [Line Items]
Net proceeds received to derivative liability		$ 12,000,000
Fair value of derivative liability			4,000,000		$ 4,000,000
2021 Convertible Notes [Member]
Debt And Capital Leases [Line Items]
Debt instrument interest rate		5%
Debt instrument, aggregate principal amount		$ 25,000,000
Debt instrument, maturity date		May 28, 2026
Initial conversion rate, number of shares of common stock per each principal amount of Convertible Notes		100
Debt instrument, principal amount of conversion calculation		$ 1,000
Initial conversion price per share of common stock		$ 10
Convertible notes, terms of conversion features		The Buyers have the right to elect at any time to convert the Convertible Notes into shares of Common Stock at an initial conversion rate equal to 100 shares of Common Stock per each $1,000 principal amount of the Convertible Notes (based on an initial conversion price equal to $10.00 per share of Common Stock). The conversion rate and conversion price will be subject to certain customary anti-dilution adjustments.
Closing price of Common Stock equals or exceeds		$ 14.50
Carrying value of convertible notes			16,000,000		15,000,000
Convertible notes unamortized discount			10,000,000		$ 11,000,000
Estimated fair value of the convertible notes			$ 16,000,000
2021 Convertible Notes [Member] | Minimum [Member]
Debt And Capital Leases [Line Items]
Trading days		45 days
2021 Convertible Notes [Member] | Maximum [Member]
Debt And Capital Leases [Line Items]
Trading days		60 days
Term Loan Credit Agreement
Debt And Capital Leases [Line Items]
Long-term debt	$ 50,000,000	$ 225,000,000
Long-term debt, maximum additional proceeds		50,000,000
Net proceeds from Term Loan Credit Agreement	49,000,000	215,000,000
Debt transaction costs	$ 1,000,000	$ 10,000,000
Long-term debt, maturity date		Feb. 26, 2026
Debt instrument interest rate		12.50%
Term Loan Credit Agreement | Term Loans [Member] | Paid-In-Cash Interest [Member]
Debt And Capital Leases [Line Items]
Debt instrument interest rate		8.50%
Term Loan Credit Agreement | Term Loans [Member] | Paid-In-Kind Interest [Member]
Debt And Capital Leases [Line Items]
Debt instrument interest rate		4%
Term Loan Credit Agreement | U.S. [Member] | Subsidiaries [Member]
Debt And Capital Leases [Line Items]
Percentage of material stock		100%
Term Loan Credit Agreement | Foreign [Member] | Subsidiaries [Member]
Debt And Capital Leases [Line Items]
Percentage of material stock		65%

Note 5 - Redeemable, Converti_3

Note 5 - Redeemable, Convertible Preferred Stock - Summary of Redeemable Convertible Preferred Stock (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Temporary Equity [Line Items]
Redeemable, convertible preferred stock, no par value, $100 per share liquidation preference	$ 199	$ 196
Series B Preferred Stock [Member]
Temporary Equity [Line Items]
Redeemable, convertible preferred stock, no par value, $100 per share liquidation preference	94	94
Series C Preferred Stock [Member]
Temporary Equity [Line Items]
Redeemable, convertible preferred stock, no par value, $100 per share liquidation preference	$ 105	$ 102

Note 5 - Redeemable, Converti_4

Note 5 - Redeemable, Convertible Preferred Stock - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions		6 Months Ended
	Feb. 26, 2021	Jun. 30, 2022	Dec. 31, 2021
Temporary Equity [Line Items]
Preferred stock, par value		$ 0	$ 0
Series A Preferred Stock [Member] | Repurchase and Exchange Agreement [Member]
Temporary Equity [Line Items]
Stock exchanged during period shares	1,000,000
Series B Preferred Stock [Member]
Temporary Equity [Line Items]
Percentage of dividend payable on preferred stock	4%
Preferred stock, par value
Temporary equity fair value of preferred stock at the time of issuance	$ 95
Preferred stock conversion description		The Company will have the right to cause the mandatory conversion of the Series B Preferred Stock into shares of Common Stock at any time after the initial issuance of the Series B Preferred Stock if the closing price of the Common Stock has equaled or exceeded $14.50 (subject to adjustment in the same manner as the conversion price) for 45 trading days within a period of 60 consecutive trading days.
Common stock price equal or exceeds preferred stock conversion price	$ 14.50	$ 14.50
Fair value allocated to derivative liability	$ 1
Preferred stock, redemption date	May 28, 2026
Series B Preferred Stock [Member] | Repurchase and Exchange Agreement [Member]
Temporary Equity [Line Items]
Temporary equity exchange basis	one-for-one
Series B Preferred Stock [Member] | Purchase Agreement [Member]
Temporary Equity [Line Items]
Initial conversion rate of preferred stock to common stock	9.5238
Initial conversion price of preferred stock per share of common stock	$ 10.50
Series B Preferred Stock Embedded Derivative [Member] | Other Long-Term Liabilities [Member]
Temporary Equity [Line Items]
Fair value of derivative liability		$ 1	$ 1
Series C Preferred Stock [Member]
Temporary Equity [Line Items]
Net proceeds received to derivative liability	$ 2
Series C Preferred Stock [Member] | After February 26, 2023 [Member]
Temporary Equity [Line Items]
Common stock price equal or exceeds preferred stock conversion price percentage		200%
Series C Preferred Stock [Member] | After February 26, 2024 [Member]
Temporary Equity [Line Items]
Common stock price equal or exceeds preferred stock conversion price percentage		150%
Series C Preferred Stock [Member] | Purchase Agreement [Member]
Temporary Equity [Line Items]
Preferred stock, par value
Initial conversion price of preferred stock per share of common stock	$ 10
Preferred stock, redemption date	May 28, 2026
Preferred stock, purchase agreement date	Feb. 26, 2021
Preferred stock, number of shares issued	1,000,000
Percentage of in-kind dividend payable on preferred stock	5%
Preferred stock, liquidation preference per share	$ 100
Gross proceeds owed on issuance of preferred stock	$ 100
Series C Preferred Stock [Member] | Dividend and Other Rights [Member]
Temporary Equity [Line Items]
Percentage of dividend payable on preferred stock	5%
Series C Preferred Stock Embedded Derivative [Member] | Other Long-Term Liabilities [Member]
Temporary Equity [Line Items]
Fair value of derivative liability		$ 1	$ 2

Note 6 - Leases (Details Textua

Note 6 - Leases (Details Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Income recognized for sales-type lease arrangements	$ 0	$ 0	$ 0	$ 1

Note 6 - Summary of Income Reco

Note 6 - Summary of Income Recognized on Operating Lease Arrangements (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Lease income - operating leases:
Lease income	$ 3	$ 2	$ 5	$ 4
Variable lease income	1	1	2	2
Total lease income	$ 4	$ 3	$ 7	$ 6

Note 7 - Commitments and Cont_2

Note 7 - Commitments and Contingencies (Details Textual) - USD ($)	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021	Jul. 28, 2020
Commitments And Contingencies [Line Items]
Total restricted cash	$ 64,000,000
DFC Loan [Member]
Commitments And Contingencies [Line Items]
Line of credit facility, maximum borrowing capacity			$ 765,000,000
BRAZIL
Commitments And Contingencies [Line Items]
Restricted cash	5,000,000	$ 3,000,000
Federal and State Value added Taxes Litigations and Civil Litigation and Disputes with Former Employees [Member] | BRAZIL
Commitments And Contingencies [Line Items]
Loss Contingency, Estimate of Possible Loss	4,000,000
Loss Contingency maintained accruals	2,000,000
Aggregate claims	118,000,000
Threat of Expropriation of Assets [Member] | BRAZIL
Commitments And Contingencies [Line Items]
Restricted cash	5,000,000
Assets, Noncurrent	42,000,000
Amended ABL Credit Agreement [Member]
Commitments And Contingencies [Line Items]
Long-term line of credit	46,000,000
L/C Facility Agreement [Member]
Commitments And Contingencies [Line Items]
Long-term line of credit	44,000,000
Bank Guarantees and Letters of Credit [Member]
Commitments And Contingencies [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	2,000,000
Surety Bond [Member]
Commitments And Contingencies [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 29,000,000

Note 8 - Guarantees (Details Te

Note 8 - Guarantees (Details Textual)	6 Months Ended
	Jun. 30, 2022 USD ($) a
Warranty Arrangements Period [Member]
Guarantee Obligations [Line Items]
Extended Warranty Period	1 year
Amended Eastman Business Park Settlement Agreement [Member]
Guarantee Obligations [Line Items]
Accrual for Environmental Loss Contingencies	$ 0
Maximum [Member]
Guarantee Obligations [Line Items]
Environmental Settlement Historical Liabilities Trigger Amount	$ 99,000,000
Percentage of Liability Above 99 Million	50%
Extended Warranty Period	6 years
Minimum [Member]
Guarantee Obligations [Line Items]
Extended Warranty Period	3 months
Eastman Business Park [Member] | Minimum [Member]
Guarantee Obligations [Line Items]
Area of Real Estate Property | a	1,200

Note 8 - Guarantees (Details)

Note 8 - Guarantees (Details) $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)
Guarantee Obligations [Line Items]
Deferred revenue on extended warranties	$ 57
Deferred revenue on extended warranties	61
Extended Warranty Arrangements [Member]
Guarantee Obligations [Line Items]
Deferred revenue on extended warranties	19
New extended warranty and maintenance arrangements deferred	45
Recognition of extended warranty and maintenance arrangement revenue	(45)
Deferred revenue on extended warranties	$ 19

Note 9 - Disaggregated Revenue

Note 9 - Disaggregated Revenue - Major Product (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation Of Revenue [Line Items]
Total sales	[1]	$ 321	$ 291	$ 611	$ 556
Plates, Inks And Other Consumables [Member]
Disaggregation Of Revenue [Line Items]
Total sales		189	156	357	299
Ongoing service arrangements [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[2]	55	55	110	110
Total Annuities [Member]
Disaggregation Of Revenue [Line Items]
Total sales		244	211	467	409
Equipment And Software [Member]
Disaggregation Of Revenue [Line Items]
Total sales		18	27	32	47
Film And Chemicals [Member]
Disaggregation Of Revenue [Line Items]
Total sales		50	47	95	86
Other [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[3]	9	6	17	14
Traditional Printing [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	194	169	366	317
Traditional Printing [Member] | Plates, Inks And Other Consumables [Member]
Disaggregation Of Revenue [Line Items]
Total sales		165	135	310	256
Traditional Printing [Member] | Ongoing service arrangements [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[2]	19	20	38	40
Traditional Printing [Member] | Total Annuities [Member]
Disaggregation Of Revenue [Line Items]
Total sales		184	155	348	296
Traditional Printing [Member] | Equipment And Software [Member]
Disaggregation Of Revenue [Line Items]
Total sales		10	14	18	21
Digital Printing [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	58	62	114	126
Digital Printing [Member] | Plates, Inks And Other Consumables [Member]
Disaggregation Of Revenue [Line Items]
Total sales		17	16	33	33
Digital Printing [Member] | Ongoing service arrangements [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[2]	33	33	67	67
Digital Printing [Member] | Total Annuities [Member]
Disaggregation Of Revenue [Line Items]
Total sales		50	49	100	100
Digital Printing [Member] | Equipment And Software [Member]
Disaggregation Of Revenue [Line Items]
Total sales		8	13	14	26
Advanced Materials and Chemicals [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	61	54	115	100
Advanced Materials and Chemicals [Member] | Plates, Inks And Other Consumables [Member]
Disaggregation Of Revenue [Line Items]
Total sales		7	5	14	10
Advanced Materials and Chemicals [Member] | Ongoing service arrangements [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[2]	3	2	5	3
Advanced Materials and Chemicals [Member] | Total Annuities [Member]
Disaggregation Of Revenue [Line Items]
Total sales		10	7	19	13
Advanced Materials and Chemicals [Member] | Film And Chemicals [Member]
Disaggregation Of Revenue [Line Items]
Total sales		50	47	95	86
Advanced Materials and Chemicals [Member] | Other [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[3]	1		1	1
Brand [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	4	3	8	6
Brand [Member] | Other [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[3]	4	3	8	6
All Other [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	4	3	8	7
All Other [Member] | Other [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[3]	$ 4	$ 3	$ 8	$ 7
[1] Sales are reported in the geographic area in which they originate. Service revenue in the Consolidated Statement of Operations includes the ongoing service revenue shown above as well as one-time service revenue. Other includes revenue from non-recurring engineering services, tenant rent and related property management services and licensing.

Note 9 - Disaggregated Revenu_2

Note 9 - Disaggregated Revenue - Product Portfolio Summary (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation Of Revenue [Line Items]
Total sales	[1]	$ 321	$ 291	$ 611	$ 556
Growth Engines [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[2]	106	89	203	173
Strategic Other Businesses [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[3]	204	191	385	358
Planned Declining Businesses [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[4]	11	11	23	25
Traditional Printing [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	194	169	366	317
Traditional Printing [Member] | Growth Engines [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[2]	71	53	137	100
Traditional Printing [Member] | Strategic Other Businesses [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[3]	123	116	229	217
Digital Printing [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	58	62	114	126
Digital Printing [Member] | Growth Engines [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[2]	34	36	65	73
Digital Printing [Member] | Strategic Other Businesses [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[3]	13	15	26	28
Digital Printing [Member] | Planned Declining Businesses [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[4]	11	11	23	25
Advanced Materials and Chemicals [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	61	54	115	100
Advanced Materials and Chemicals [Member] | Growth Engines [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[2]	1		1
Advanced Materials and Chemicals [Member] | Strategic Other Businesses [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[3]	60	54	114	100
Brand [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	4	3	8	6
Brand [Member] | Strategic Other Businesses [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[3]	4	3	8	6
All Other [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	4	3	8	7
All Other [Member] | Strategic Other Businesses [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[3]	$ 4	$ 3	$ 8	$ 7
[1] Sales are reported in the geographic area in which they originate. Strategic other businesses include plates (excluding Sonora plates) and Computer to Plate (“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; the Brand segment and All Other. 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 VERSAMARK and Digimaster in the Digital Printing segment.

Note 9 - Disaggregated Revenu_3

Note 9 - Disaggregated Revenue - Geography (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation Of Revenue [Line Items]
Total sales	[1]	$ 321	$ 291	$ 611	$ 556
Traditional Printing [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	194	169	366	317
Digital Printing [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	58	62	114	126
Advanced Materials and Chemicals [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	61	54	115	100
Brand [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	4	3	8	6
All Other [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	4	3	8	7
U.S. [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	127	106	237	202
U.S. [Member] | Traditional Printing [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	44	36	80	65
U.S. [Member] | Digital Printing [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	29	26	55	53
U.S. [Member] | Advanced Materials and Chemicals [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	46	38	86	71
U.S. [Member] | Brand [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	4	3	8	6
U.S. [Member] | All Other [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	4	3	8	7
Canada [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	6	7	11	12
Canada [Member] | Traditional Printing [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	3	4	6	6
Canada [Member] | Digital Printing [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	2	2	4	5
Canada [Member] | Advanced Materials and Chemicals [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	1	1	1	1
North America [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	133	113	248	214
North America [Member] | Traditional Printing [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	47	40	86	71
North America [Member] | Digital Printing [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	31	28	59	58
North America [Member] | Advanced Materials and Chemicals [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	47	39	87	72
North America [Member] | Brand [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	4	3	8	6
North America [Member] | All Other [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	4	3	8	7
Europe, Middle East and Africa [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	122	103	229	193
Europe, Middle East and Africa [Member] | Traditional Printing [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	98	76	182	144
Europe, Middle East and Africa [Member] | Digital Printing [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	19	22	38	41
Europe, Middle East and Africa [Member] | Advanced Materials and Chemicals [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	5	5	9	8
Asia Pacific [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	58	67	117	133
Asia Pacific [Member] | Traditional Printing [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	42	46	83	88
Asia Pacific [Member] | Digital Printing [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	7	11	15	25
Asia Pacific [Member] | Advanced Materials and Chemicals [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	9	10	19	20
Latin America [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	8	8	17	16
Latin America [Member] | Traditional Printing [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	7	7	15	14
Latin America [Member] | Digital Printing [Member]
Disaggregation Of Revenue [Line Items]
Total sales	[1]	$ 1	$ 1	$ 2	$ 2
[1] Sales are reported in the geographic area in which they originate.

Note 9 - Revenue (Details Textu

Note 9 - Revenue (Details Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Disaggregation Of Revenue [Line Items]
Contract liabilities	$ 61		$ 61		$ 57
Revenue recognized, contract liabilities	12	$ 6	29	$ 31
Contract with customer, cash payments received for liabilities that have been deferred	22	$ 22	33	$ 26
Other Current Assets [Member]
Disaggregation Of Revenue [Line Items]
Contract assets	1		1		3
Other Current Liabilities [Member]
Disaggregation Of Revenue [Line Items]
Contract liabilities, current	48		48		43
Other Long-Term Liabilities [Member]
Disaggregation Of Revenue [Line Items]
Contract liabilities, non-current	$ 13		$ 13		$ 14

Note 9 - Revenue (Details Tex_2

Note 9 - Revenue (Details Textual 1) $ in Millions	Jun. 30, 2022 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-01-07
Disaggregation Of Revenue [Line Items]
Unrecognized revenue from unsatisfied performance obligations	$ 65
Unsatisfied performance obligations, expected to be recognized	15%
Unsatisfied performance obligations, expected timing of satisfaction	6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-01-01
Disaggregation Of Revenue [Line Items]
Unsatisfied performance obligations, expected to be recognized	30%
Unsatisfied performance obligations, expected timing of satisfaction	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-01-01
Disaggregation Of Revenue [Line Items]
Unsatisfied performance obligations, expected to be recognized	30%
Unsatisfied performance obligations, expected timing of satisfaction	2 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2026-01-01
Disaggregation Of Revenue [Line Items]
Unsatisfied performance obligations, expected to be recognized	25%
Unsatisfied performance obligations, expected timing of satisfaction

Note 10 - Other Operating Inc_3

Note 10 - Other Operating Income (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021
Expense (income):
Legal settlements	$ (6)	$ (7)
Total	$ (6)	$ (7)

Note 11 - Other (Income) Char_3

Note 11 - Other (Income) Charges (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Other Income And Expenses [Abstract]
Change in fair value of the Preferred Stock and Convertible Notes embedded derivatives	[1]	$ (4)	$ (1)	$ (1)
Loss on foreign exchange transactions		2	1	2	$ 1
Other		1	1	1
Total		$ (1)	$ 1	$ 2	$ 1
[1]Refer to Note 18, “Financial Instruments

Note 12 - Income Taxes - Schedu

Note 12 - Income Taxes - Schedule of Income Tax Provision and Effective Tax Rate (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Earnings from operations before income taxes	$ 19	$ 19	$ 18	$ 26
Effective tax rate	(5.30%)	15.80%	5.60%	15.40%
(Benefit) provision for income taxes	$ (1)	$ 3	$ 1	$ 4
Provision for income taxes at U.S. statutory tax rate	4	4	4	5
Difference between tax at effective vs. statutory rate	$ (5)	$ (1)	$ (3)	$ (1)

Note 12 - Income Taxes (Details

Note 12 - Income Taxes (Details Textual) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2021
Schedule Of Income Taxes [Line Items]
U.S. corporate income tax rate	21%		21%	21%	21%
Foreign Tax Authority [Member]
Schedule Of Income Taxes [Line Items]
Unrecognized tax benefits, settlements paid		$ 2
Decrease in net deferred tax assets		$ 2
Liability for Uncertain Tax Positions, Current						$ 3
Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued						$ 4

Note 13 - Component of the Net

Note 13 - Component of the Net Periodic benefit Cost - (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Pension Income Expense From Continuing And Discontinued Operations For Major Defined Benefit Plans [Line Items]
Total net pension (income) expense			$ (49)	$ (42)
Pension Plan | U.S. [Member]
Pension Income Expense From Continuing And Discontinued Operations For Major Defined Benefit Plans [Line Items]
Service cost	$ 3	$ 2	6	5
Interest cost	17	12	32	24
Expected return on plan assets	(44)	(42)	(88)	(84)
Prior service credit	(1)	(1)	(3)	(3)
Actuarial loss		8		15
Net pension (income) expense from major plans	(25)	(21)	(53)	(43)
Total net pension (income) expense	(25)	(21)	(53)	(43)
Pension Plan | Foreign Plan
Pension Income Expense From Continuing And Discontinued Operations For Major Defined Benefit Plans [Line Items]
Service cost	1	1	2	2
Interest cost	2	1	4	2
Expected return on plan assets	(3)	(4)	(7)	(7)
Actuarial loss	2	$ 2	5	4
Net pension (income) expense from major plans	2		4	1
Total net pension (income) expense	$ 2		$ 4	$ 1

Note 13 - Retirement Plans an_3

Note 13 - Retirement Plans and Other Postretirement Benefits (Details) - Kodak Retirement Income Plan [Member] - USD ($) $ in Millions		3 Months Ended	12 Months Ended
	May 31, 2022	Jun. 30, 2022	Dec. 31, 2021	Jan. 01, 2022
Retirement Plans [Line Items]
Funded status increased		$ 109
Benefit obligation gain		345
Asset loss partially offset		236
Defined benefit plan increase (decrease) in discount rate		376
Defined benefit plan, benefit obligation, increase (decrease) for plan amendment		28
Changes in other demographic assumptions		$ 3
Expected rate of return on assets assumption		5.20%
Maximum [Member]
Retirement Plans [Line Items]
Discount rate assumption	4.16%
Employees crediting rates based on employee classification	10%			13%
Minimum [Member]
Retirement Plans [Line Items]
Discount rate assumption			2.54%
Employees crediting rates based on employee classification	9%			12%

Note 14 - Summary of Reconcilia

Note 14 - Summary of Reconciliation of Basic and Diluted Earnings Per Share (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share Basic [Line Items]
NET INCOME	$ 20	$ 16	$ 17	$ 22
Net income available to common shareholders - basic	16	13	10	26
Effect of dilutive securities:
Net income available to common shareholders - diluted	$ 17	$ 16	$ 10	$ 30
Basic	78.9	78.5	78.8	78.2
Effect of dilutive securities
Weighted average shares — diluted	90.2	100.6	80.4	93.9
Employee Stock Option [Member]
Effect of dilutive securities
Series B preferred stock	1.2	2	1.1	2.2
Unvested Restricted Stock Units [Member]
Effect of dilutive securities
Series B preferred stock	0.6	0.6	0.5	0.6
Series C Preferred Stock [Member]
Earnings Per Share Basic [Line Items]
Less: preferred stock in-kind and deemed dividends	$ (1)	$ (2)	$ (3)	$ (2)
Less: Earnings attributable to preferred shareholders	(2)		(2)
Effect of dilutive securities:
Add back: preferred stock in-kind and deemed dividends	1	$ 2	3	$ 2
Effect of dilutive securities
Series B preferred stock		10		6.4
Series A Preferred Stock [Member]
Earnings Per Share Basic [Line Items]
Less: preferred stock cash and deemed dividends				$ (3)
Plus: Expiration of Series A preferred stock embedded derivative				11
Effect of dilutive securities:
Add back: preferred stock cash and deemed dividends				3
Series B Preferred Stock [Member]
Earnings Per Share Basic [Line Items]
Less: preferred stock cash and deemed dividends	(1)	$ (1)	(2)	(2)
Effect of dilutive securities:
Add back: preferred stock cash and deemed dividends	$ 1	$ 1	$ 2	$ 2
Effect of dilutive securities
Series B preferred stock	9.5	9.5		6.5

Note 14 - Earnings Per Share (D

Note 14 - Earnings Per Share (Details Textual) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Series B Preferred Stock [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount			1
Series C Preferred Stock [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	1.1		1.1
2021 Convertible Notes [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share amount, value	$ 25	$ 25	$ 25	$ 25
Employee Stock Option [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	3.6	3.2	3.6	3.2
Restricted Stock Units [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount		0.3	0.2	0.3

Note 15 - Shareholders' Equity

Note 15 - Shareholders' Equity (Details Textual) - $ / shares	Jun. 30, 2022	Dec. 31, 2021	Feb. 26, 2021
Shareholders Equity [Line Items]
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
Preferred Stock, No Par Value	$ 0	$ 0
Common Stock, Shares, Outstanding	79,000,000	78,700,000
Treasury Stock, Shares	800,000	800,000
Series B Preferred Stock [Member]
Shareholders Equity [Line Items]
Preferred Stock, No Par Value
Preferred Stock Shares Outstanding	1,000,000	1,000,000
Preferred Stock Shares Issued	1,000,000	1,000,000
Series C Preferred Stock [Member]
Shareholders Equity [Line Items]
Preferred Stock Shares Outstanding	1,100,000	1,100,000
Preferred Stock Shares Issued	1,100,000	1,100,000

Note 16 - Changes in Other Comp

Note 16 - Changes in Other Comprehensive Income (Loss), by Component (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Other Comprehensive Income Loss Net Of Tax Period Increase Decrease [Abstract]
Currency translation adjustments		$ (10)	$ 4	$ (5)	$ 3
Newly established net gain (loss)		109		109	(1)
Newly established net gain (loss), net of tax		109		109	(1)
Amortization of prior service credit	[1]	(1)	(2)	(3)	(4)
Amortization of actuarial losses	[1]	2	10	4	19
Total reclassification adjustments		1	8	1	15
Reclassification adjustments, net of tax		1	8	1	15
Pension and other postretirement benefit plan changes, net of tax		110	8	110	14
Other comprehensive income, net of tax		$ 100	$ 12	$ 105	$ 17
[1]Reclassified to Total Net Periodic Benefit Cost - refer to Note 13, "Retirement Plans and Other Postretirement Benefits".

Note 17 - Segment Information_2

Note 17 - Segment Information (Details Textual) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) a	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) a
Segment Reporting Information [Line Items]
Increase (decrease) in employee benefit reserves	$ (4)	$ (3)	$ (8)
Gross Profit [Member]
Segment Reporting Information [Line Items]
Increase (decrease) in employee benefit reserves	(2)	(2)	(5)
Selling, General and Administrative Expenses [Member]
Segment Reporting Information [Line Items]
Increase (decrease) in employee benefit reserves	$ (2)	$ (1)	$ (3)
Eastman Business Park [Member] | Minimum [Member]
Segment Reporting Information [Line Items]
Area of Real Estate Property | a	1,200		1,200

Note 17 - Revenues and Loss fro

Note 17 - Revenues and Loss from Operations (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Revenues	[1]	$ 321	$ 291	$ 611	$ 556
Depreciation and amortization				(14)	(16)
Restructuring costs and other					(1)
Other operating income, net			6		7
Interest expense		(10)	(10)	(19)	(14)
Pension income excluding service cost component		27	26	57	51
Other income (charges), net		1	(1)	(2)	(1)
Other [Member]
Segment Reporting Information [Line Items]
Revenues	[2]	9	6	17	14
Continuing Operations [Member]
Segment Reporting Information [Line Items]
Revenues		321	291	611	556
Earnings (losses) Before Interest, Taxes, Depreciation, and Amortization		11	10	4	13
Depreciation and amortization		(7)	(8)	(14)	(16)
Restructuring costs and other					(1)
Stock based compensation		(1)	(1)	(3)	(4)
Consulting and other costs	[3]	(3)	(4)	(5)	(9)
Idle costs	[4]			(1)	(1)
Other operating income, net	[5]		6		7
Interest expense	[5]	(10)	(10)	(19)	(14)
Pension income excluding service cost component	[5]	27	26	57	51
Other income (charges), net	[5]	1	(1)	(2)	(1)
Consolidated earnings from operations before income taxes		19	19	18	26
Continuing Operations [Member] | Traditional Printing [Member] | Operating Segments
Segment Reporting Information [Line Items]
Revenues		194	169	366	317
Earnings (losses) Before Interest, Taxes, Depreciation, and Amortization		10	6	8	11
Continuing Operations [Member] | Digital Printing [Member] | Operating Segments
Segment Reporting Information [Line Items]
Revenues		58	62	114	126
Earnings (losses) Before Interest, Taxes, Depreciation, and Amortization		(4)		(9)
Continuing Operations [Member] | Advanced Materials and Chemicals [Member] | Operating Segments
Segment Reporting Information [Line Items]
Revenues		61	54	115	100
Earnings (losses) Before Interest, Taxes, Depreciation, and Amortization		1	1	(2)	(3)
Continuing Operations [Member] | Brand [Member] | Operating Segments
Segment Reporting Information [Line Items]
Revenues		4	3	8	6
Earnings (losses) Before Interest, Taxes, Depreciation, and Amortization		4	3	7	5
Continuing Operations [Member] | All Other [Member] | Operating Segments
Segment Reporting Information [Line Items]
Revenues		4	3	8	7
Continuing Operations [Member] | Other [Member] | Operating Segments
Segment Reporting Information [Line Items]
Earnings (losses) Before Interest, Taxes, Depreciation, and Amortization		$ 1	$ 1	$ 1	$ 1
[1] Sales are reported in the geographic area in which they originate. Other includes revenue from non-recurring engineering services, tenant rent and related property management services and licensing.

Note 18 - Financial Instrumen_3

Note 18 - Financial Instruments (Details Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Fair Value, Inputs, Level 2 [Member]
Long-term Debt, Fair Value	$ 272		$ 272		$ 269
Forward Contracts [Member]
Gross fair value of foreign currency in an asset position	0		0		0
Gross fair value of foreign currency in a liability position	1		1		0
Not Designated as Hedging Instrument [Member] | Foreign Exchange Forward [Member]
Derivative Asset, Notional Amount	294		294		$ 322
Designated as Hedging Instrument [Member]
Derivatives Hedging Instruments	$ 0	$ 0	$ 0	$ 0

Note 18 - Derivatives Not Desig

Note 18 - Derivatives Not Designated as Hedging Instruments (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Foreign Currency Derivative Instruments Not Designated As Hedging Instruments At Fair Value Net [Abstract]
Net loss (gain) from derivatives not designated as hedging instruments	$ 7	$ (1)	$ 10	$ 2

Note 18 - Derivative Liability

Note 18 - Derivative Liability Key Inputs in Determination of Fair Value for Embedded Conversion Features (Details) - Fair Value, Inputs, Level 3 [Member] $ / shares in Units, $ in Millions	Jun. 30, 2022 USD ($) $ / shares	Dec. 31, 2021 USD ($) $ / shares
Series C Preferred Stock [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total value of embedded derivative liability | $	$ 1	$ 2
Kodak's closing stock price | $ / shares	$ 4.64	$ 4.68
Expected stock price volatility [Member] | Series C Preferred Stock [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Alternate measurement input percentage	45	36
Risk Free Rate [Member] | Series C Preferred Stock [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Alternate measurement input percentage	3	1.17
Implied Credit Spread [Member] | Series C Preferred Stock [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Alternate measurement input percentage	28.38	21.39
2021 Convertible Notes [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total value of embedded derivative liability | $	$ 4	$ 4
Kodak's closing stock price | $ / shares	$ 4.64	$ 4.68
2021 Convertible Notes [Member] | Expected stock price volatility [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Alternate measurement input percentage	45	36
2021 Convertible Notes [Member] | Risk Free Rate [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Alternate measurement input percentage	3	1.17
2021 Convertible Notes [Member] | Implied Credit Spread [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Alternate measurement input percentage	25.38	18.89
Series B Preferred Stock [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Total value of embedded derivative liability | $	$ 1	$ 1
Kodak's closing stock price | $ / shares	$ 4.64	$ 4.68
Series B Preferred Stock [Member] | Expected stock price volatility [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Alternate measurement input percentage	45	36
Series B Preferred Stock [Member] | Risk Free Rate [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Alternate measurement input percentage	3	1.17
Series B Preferred Stock [Member] | Implied Credit Spread [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Alternate measurement input percentage	26.38	19.39

Note 19 - Subsequent Event (Det

Note 19 - Subsequent Event (Details) $ in Millions	Jul. 13, 2022 USD ($)
Subsequent Event [Member] | Wildcat [Member]
Subsequent Event [Line Items]
Payments to acquire a minority preferred equity interest	$ 25