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Note 15 - Other Operating (Income) Expense, Net
 12 Months Ended
Dec. 31, 2024
Other Income and Expenses [Abstract]  
Other Operating (Income) Expense, Net

NOTE 15: OTHER OPERATING (INCOME) EXPENSE, NET

 

 

 

Year Ended December 31,

 

(in millions)

 

2024

 

 

2023

 

 

2022

 

Gain on sale of assets (1)

 

$

(17

)

 

$

—

 

 

$

—

 

Asset impairments (2) (3) (4)

 

 

4

 

 

 

5

 

 

 

1

 

Legal settlements

 

 

1

 

 

 

—

 

 

 

(1

)

Other

 

 

2

 

 

 

1

 

 

 

(1

)

Total

 

$

(10

)

 

$

6

 

 

$

(1

)

 

(1)
In the first quarter of 2024, Kodak sold certain assets in the U.S. and recognized a gain of $17 million.
(2)
In the fourth quarter of 2024, Kodak recorded a long-lived asset impairment charge of $4 million related to the Light Blocking business, within the Advanced Materials and Chemicals segment, as a result of lower forecasted cash flows as the business continues to explore strategic alternatives in order to commercialize this technology. The fair value of Light Blocking was estimated using a discounted cash flow method (Level 3).
(3)
In the fourth quarter of 2023, Kodak recorded a long-lived asset impairment charge of $4 million related to the EPS business, within the Print segment, due to the continued impacts of the decision to cease manufacturing of the EPS equipment products. The fair value of EPS was estimated using a discounted cash flow method (Level 3).
(4)
In the fourth quarter of 2022, Kodak recorded an impairment charge of $1 million related to the Kodak trade name. Refer to Note 5, "Goodwill and Other Intangible Assets."