Note 3 - Inventories, Net

12 Months Ended

Dec. 31, 2024

Inventory Disclosure [Abstract]

Inventories, Net

NOTE 3: INVENTORIES, NET

	As of December 31,
(in millions)	2024		2023
Finished goods	$	90	$	85
Work in process		69		68
Raw materials		60		64
Total	$	219	$	217

During the third quarter of 2024, Kodak recorded an inventory reserve adjustment of $4 million in its Electrophotographic Printing Solutions (“EPS”) business related to higher-than-expected volume declines for certain component and service parts sold to its installed base of printers due to the negative impact of recent pricing actions and ceasing the manufacturing of NEXFINITY printers effective December 2022. During the fourth quarter of 2024, Kodak recorded an inventory reserve adjustment of $4 million related to EPS black and white consumables and service parts due to the reduction in forecasted demand communicated from its primary distributor. The inventory reserve adjustments are recorded in Cost of revenues in the Consolidated Statement of Operations.