10-K/A

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K/A

(Amendment Number 2)

x Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the year ended December 31, 2015

or

¨ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from                      to                     

Commission File Number 1-87

EASTMAN KODAK COMPANY

(Exact name of registrant as specified in its charter)

NEW JERSEY	16-0417150
(State of incorporation)	(IRS Employer Identification No.)
343 STATE STREET, ROCHESTER, NEW YORK	14650
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: 585-724-4000

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Name of each exchange on which registered
Common Stock, $0.01 par value	New York Stock Exchange

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.    Yes  ¨    No  x

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.    Yes  ¨    No  x

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months, and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	¨	Accelerated filer	x
Non-accelerated filer	¨	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act)    Yes  ¨    No  x

The aggregate market value of the voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, as of the last business day of the registrant’s most recently completed second fiscal quarter, June 30, 2015 was approximately $302 million. The registrant has no non-voting common stock.

The number of shares outstanding of the registrant’s common stock as of March 1, 2016 was 42,077,595 shares of common stock.

Explanatory Note

Eastman Kodak Company (the “Company”) is filing this Amendment No. 2 on Form 10-K/A to its Annual Report on Form 10-K for the fiscal year ended December 31, 2015, which was filed with the Securities and Exchange Commission on March 15, 2016 and amended by Amendment No. 1 thereto filed with the Securities and Exchange Commission on March 18, 2016 (as amended, the “Original Filing”), solely for the purpose of incorporating into the EDGAR version of the Consolidated Statement of Equity (Deficit) included in Item 8 of the Original Filing certain final edits thereto which were not captured during the original EDGAR filing process and to make a conforming change to the Interactive Data Files filed as Exhibit 101 of the Original Filing.

Except as described above, this Amendment No. 2 does not amend any other information set forth in the Original Filing, and the Company has not updated disclosures included therein to reflect any events that occurred subsequent to March 15, 2016.

3

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

Report of Independent Registered Public Accounting Firm

To the Board of Directors and Shareholders of Eastman Kodak Company

In our opinion, the accompanying consolidated statement of financial position as of December 31, 2015 and 2014 and the related consolidated statements of operations, of comprehensive (loss) income, of equity (deficit) and of cash flows for the years ended December 31, 2015 and 2014, and for the four months ended December 31, 2013 present fairly, in all material respects, the financial position of Eastman Kodak Company and its subsidiaries (Successor) at December 31, 2015 and 2014 and the results of their operations and their cash flows for each of the two years in the period ended December 31, 2015 and the four months ended December 31, 2013 in conformity with accounting principles generally accepted in the United States of America. In addition, in our opinion, the financial statement schedule of valuation and qualifying accounts appearing under Item 15 for the year ended December 31, 2015 and 2014, and for the four months ended December 31, 2013 presents fairly, in all material respects, the information set forth therein when read in conjunction with the related consolidated financial statements. Also in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2015, based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). The Company’s management is responsible for these financial statements and financial statement schedule, for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting, included in Management’s Report on Internal Control over Financial Reporting appearing under Item 9A. Our responsibility is to express opinions on these financial statements, on the financial statement schedule, and on the Company’s internal control over financial reporting based on our integrated audits. We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement and whether effective internal control over financial reporting was maintained in all material respects. Our audits of the financial statements included examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our audit of internal control over financial reporting included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. Our audits also included performing such other procedures as we considered necessary in the circumstances. We believe that our audits provide a reasonable basis for our opinions.

As discussed in Note 1 to the consolidated financial statements, the United States Bankruptcy Court for the Southern District of New York confirmed the Company’s revised First Amended Joint Chapter 11 Plan of Reorganization of Eastman Kodak Company and its Debtor Affiliates (as revised, the “Plan”) on August 23, 2013. Confirmation of the plan resulted in the discharge of certain claims against the Company that arose before January 19, 2012 and substantially alters rights and interests of equity security holders as provided for in the plan. The plan was substantially consummated on September 3, 2013 and the Company emerged from bankruptcy. In connection with its emergence from bankruptcy, the Company adopted fresh start accounting as of September 1, 2013.

A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

/s/ PricewaterhouseCoopers LLP

Rochester, New York

March 15, 2016

4

Report of Independent Registered Public Accounting Firm

To the Board of Directors and Shareholders of Eastman Kodak Company

In our opinion, the accompanying consolidated statements of operations, of comprehensive (loss) income, of equity (deficit) and of cash flows for the eight months ended August 31, 2013 present fairly, in all material respects, the results of operations and cash flows of Eastman Kodak Company and its subsidiaries (Predecessor) for the eight months ended August 31, 2013 in conformity with accounting principles generally accepted in the United States of America. In addition, in our opinion, the financial statement schedule of valuation and qualifying accounts appearing under Item 15 for the eight months ended August 31, 2013 presents fairly, in all material respects, the information set forth therein when read in conjunction with the related consolidated financial statements. These financial statements and financial statement schedule are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements and financial statement schedule based on our audits. We conducted our audits of these statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinions.

As discussed in Note 1 to the consolidated financial statements, the Company filed a petition on January 19, 2012 with the United States Bankruptcy Court for the Southern District of New York for reorganization under the provisions of Chapter 11 of the Bankruptcy Code. The Company’s revised First Amended Joint Chapter 11 Plan of Reorganization of Eastman Kodak Company and its Debtor Affiliates (as revised, the “Plan”) was substantially consummated on September 3, 2013 and the Company emerged from bankruptcy. In connection with its emergence from bankruptcy, the Company adopted fresh start accounting.

/s/ PricewaterhouseCoopers LLP

Rochester, New York

March 19, 2014

5

EASTMAN KODAK COMPANY

CONSOLIDATED STATEMENT OF OPERATIONS

(in millions, except per share data)

	Successor									Predecessor
	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Revenues
Sales	$	1,447		$	1,738		$	679		$	1,267
Services		351			378			133			279
Total net revenues		1,798			2,116			812			1,546
Cost of revenues
Sales		1,171			1,376			586			959
Services		246			284			106			219
Total cost of revenues		1,417			1,660			692			1,178
Gross profit		381			456			120			368
Selling, general and administrative expenses		226			310			114			297
Research and development costs		61			94			33			66
Restructuring costs and other		38			59			17			43
Other operating expense (income), net		2			9			2			(495	)
Earnings (loss) from continuing operations before interest expense, loss on early extinguishment of debt, net, other (charges) income, net, reorganization items, net and income taxes		54			(16	)		(46	)		457
Interest expense		63			62			22			106
Loss on early extinguishment of debt, net		—			—			—			8
Other (charges) income, net		(21	)		(21	)		10			(13	)
Reorganization items, net		5			13			16			(2,026	)
(Loss) earnings from continuing operations before income taxes		(35	)		(112	)		(74	)		2,356
Provision for income taxes		32			10			8			155
(Loss) earnings from continuing operations		(67	)		(122	)		(82	)		2,201
(Loss) earnings from discontinued operations, net of income taxes		(8	)		4			4			(135	)
NET (LOSS) EARNINGS		(75	)		(118	)		(78	)		2,066
Less: Net income attributable to noncontrolling interests		5			5			3			—
NET (LOSS) EARNINGS ATTRIBUTABLE TO EASTMAN KODAK COMPANY	$	(80	)	$	(123	)	$	(81	)	$	2,066
Basic and diluted (loss) earnings per share attributable to Eastman Kodak Company common shareholders:
Continuing operations	$	(1.72	)	$	(3.05	)	$	(2.04	)	$	8.08
Discontinued operations		(0.19	)		0.10			0.10			(0.50	)
Total	$	(1.91	)	$	(2.95	)	$	(1.94	)	$	7.58
Number of common shares used in basic and diluted (loss) earnings per share		41.9			41.7			41.7			272.7

The accompanying notes are an integral part of these consolidated financial statements.

6

EASTMAN KODAK COMPANY

CONSOLIDATED STATEMENT OF COMPREHENSIVE (LOSS) INCOME

(in millions)

	Successor									Predecessor
	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
NET (LOSS) EARNINGS	$	(75	)	$	(118	)	$	(78	)	$	2,066
Less: net income attributable to noncontrolling interests		5			5			3			—
Net (loss) earnings attributable to Eastman Kodak Company		(80	)		(123	)		(81	)		2,066
Other comprehensive (loss) income, net:
Currency translation adjustments		(35	)		(33	)		1			4
Reclassification of realized losses on available-for-sale securities included in net earnings, net of tax		2			—			—			—
Pension and other postretirement benefit plan obligation activity, net of tax		(98	)		(202	)		98			1,604
Other comprehensive (loss) income, net attributable to Eastman Kodak Company		(131	)		(235	)		99			1,608
COMPREHENSIVE (LOSS) INCOME, NET ATTRIBUTABLE TO EASTMAN KODAK COMPANY	$	(211	)	$	(358	)	$	18		$	3,674

The accompanying notes are an integral part of these consolidated financial statements.

7

EASTMAN KODAK COMPANY

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

(in millions)

	As of December 31,
	2015			2014
ASSETS
Cash and cash equivalents	$	547		$	712
Receivables, net		365			414
Inventories, net		314			349
Deferred income taxes		22			31
Assets held for sale		2			14
Other current assets		28			30
Total current assets		1,278			1,550
Property, plant and equipment, net of accumulated depreciation of $330 and $231, respectively		426			524
Goodwill		88			96
Intangible assets, net		158			182
Restricted cash		43			37
Deferred income taxes		23			38
Other long-term assets		122			129
TOTAL ASSETS	$	2,138		$	2,556
LIABILITIES AND EQUITY
Accounts payable, trade	$	195		$	212
Short-term borrowings and current portion of long-term debt		5			5
Liabilities held for sale		—			10
Other current liabilities		259			372
Total current liabilities		459			599
Long-term debt, net of current portion		675			672
Pension and other postretirement liabilities		623			662
Other long-term liabilities		278			324
Total liabilities		2,035			2,257
Commitments and contingencies (Note 9)
Equity
Common stock, $0.01 par value		—			—
Additional paid in capital		633			621
Treasury stock, at cost		(5	)		(4	)
Accumulated deficit		(283	)		(204	)
Accumulated other comprehensive (loss) income		(267	)		(136	)
Total Eastman Kodak Company shareholders’ equity		78			277
Noncontrolling interests		25			22
Total equity		103			299
TOTAL LIABILITIES AND EQUITY	$	2,138		$	2,556

The accompanying notes are an integral part of these consolidated financial statements.

8

EASTMAN KODAK COMPANY

CONSOLIDATED STATEMENT OF EQUITY (DEFICIT)

(in millions, except share data)

	Eastman Kodak Company Shareholders
	Common Stock			Additional Paid in Capital			Retained Earnings (Accumulated Deficit)			Accumulated Other Comprehensive Income (Loss)			Treasury Stock			Total			Noncontrolling Interests		Total
Equity (deficit) as of December 31, 2012 (Predecessor)	$	978		$	1,105		$	2,600		$	(2,616	)	$	(5,746	)	$	(3,679	)	$	2	$	(3,677	)
Net income		—			—			2,066			—			—			2,066			—		2,066
Other comprehensive income (net of tax):
Currency translation adjustments		—			—			—			4			—			4			—		4
Pension and other postretirement liability adjustments		—			—			—			1,604			—			1,604			—		1,604
Total other comprehensive income		—			—			—			1,608			—			1,608			—		1,608
Stock-based compensation		—			3			—			—			—			3			—		3
Issuance of treasury stock, net (446,501 shares) (1)		—			(3	)		(32	)		—			35			—			—		—
Equity as of August 31, 2013 (Predecessor)		978			1,105			4,634			(1,008	)		(5,711	)		(2	)		2		—
Investment in variable interest entity		—			—			—			—			—			—			8		8
Cancellation of Predecessor Company equity		(978	)		(1,105	)		(4,634	)		1,008			5,711			2			—		2
Equity as of August 31, 2013 (Predecessor)	$	—		$	—		$	—		$	—		$	—		$	—		$	10	$	10
Equity as of August 31, 2013 (Predecessor)	$	—		$	—		$	—		$	—		$	—		$	—		$	10	$	10
Issuance of Successor Company common stock		—			613			—			—			—			613			—		613
Equity as of September 1, 2013 (Successor)		—			613			—			—			—			613			10		623
Equity transactions with noncontrolling interest		—			—			—			—			—			—			7		7
Net (loss) income		—			—			(81	)		—			—			(81	)		3		(78	)
Other comprehensive income (net of tax):
Currency translation adjustments		—			—			—			1			—			1			—		1
Pension and other postretirement liability adjustments		—			—			—			98			—			98			—		98
Stock-based compensation		—			1			—			—			—			1			—		1
Purchases of treasury stock, net (152,746 shares) (3)		—			(1	)		—			—			(3	)		(4	)		—		(4	)
Equity as of December 31, 2013 (Successor)	$	—		$	613		$	(81	)	$	99		$	(3	)	$	628		$	20	$	648

The accompanying notes are an integral part of these consolidated financial statements.

9

EASTMAN KODAK COMPANY

CONSOLIDATED STATEMENT OF EQUITY (DEFICIT) (Continued)

(in millions, except share data)

	Eastman Kodak Company Shareholders
	Common Stock (2)		Additional Paid in Capital		Retained Earnings (Accumulated Deficit)			Accumulated Other Comprehensive Income (Loss)			Treasury Stock			Total			Noncontrolling Interests			Total
Equity as of December 31, 2013 (Successor)	$	—	$	613	$	(81	)	$	99		$	(3	)	$	628		$	20		$	648
Equity transactions with noncontrolling interest		—		—		—			—			—			—			(3	)		(3	)
Net (loss) income		—		—		(123	)		—			—			(123	)		5			(118	)
Other comprehensive income (net of tax):
Currency translation adjustments		—		—		—			(33	)		—			(33	)		—			(33	)
Pension and other postretirement liability adjustments		—		—		—			(202	)		—			(202	)		—			(202	)
Stock-based compensation		—		8		—			—			—			8			—			8
Purchases of treasury stock, (44,911 shares) (3)		—		—		—			—			(1	)		(1	)		—			(1	)
Equity (deficit) as of December 31, 2014 (Successor)	$	—	$	621	$	(204	)	$	(136	)	$	(4	)	$	277		$	22		$	299
Equity transactions with noncontrolling interest		—		—		1			—			—			1			(2	)		(1	)
Net (loss) income		—		—		(80	)		—			—			(80	)		5			(75	)
Other comprehensive income (net of tax):
Currency translation adjustments		—		—		—			(35	)		—			(35	)		—			(35	)
Reclassification of realized losses on available-for-sale securities included in net earnings, net of tax		—		—		—			2			—			2			—			2
Pension and other postretirement liability adjustments		—		—		—			(98	)		—			(98	)		—			(98	)
Stock-based compensation		—		12		—			—			—			12			—			12
Purchases of treasury stock, (84,678 shares) (3)		—		—		—			—			(1	)		(1	)		—			(1	)
Equity (deficit) as of December 31, 2015 (Successor)	$	—	$	633	$	(283	)	$	(267	)	$	(5	)	$	78		$	25		$	103

⁽¹⁾  Includes stock awards issued, offset by shares surrendered for taxes.

⁽²⁾  There are 60 million shares of no par value preferred stock authorized, none of which have been issued.

⁽³⁾  Represents purchases of common stock and/ or warrants to satisfy tax withholding obligations.

The accompanying notes are an integral part of these consolidated financial statements.

10

EASTMAN KODAK COMPANY

CONSOLIDATED STATEMENT OF CASH FLOWS

(in millions)

	Successor									Predecessor
	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Cash flows from operating activities:
Net (loss) earnings	$	(75	)	$	(118	)	$	(78	)	$	2,066
Adjustments to reconcile to net cash used in operating activities:
Depreciation and amortization		145			199			75			118
Pension and other postretirement (income) expense		(107	)		(78	)		(61	)		145
Stock based compensation		18			8			1			3
Change in U.S. vacation benefits		(17	)		—			—			—
Net gains on sales of businesses/assets		(4	)		(23	)		(6	)		(407	)
Gain on assets acquired for no monetary consideration		(3	)		—			—			—
Foreign exchange loss from remeasurement of Venezuela monetary assets		—			16			—			—
Loss on early extinguishment of debt		—			—			—			8
Non-cash restructuring costs, asset impairments and other charges		9			13			9			81
Reorganization items:
Non-cash reorganization gain		—			—			—			(1,964	)
Payment of claims		(10	)		(2	)		—			(94	)
Fresh start adjustments, net		—			—			—			(302	)
Other non-cash reorganization items, net		4			8			3			119
Provision (benefit) for deferred income taxes		6			5			(2	)		448
Decrease (increase) in receivables		15			143			(72	)		105
Decrease (increase) in inventories		12			4			147			(27	)
Decrease in liabilities excluding borrowings		(109	)		(307	)		(105	)		(595	)
Other items, net		21			4			(13	)		(269	)
Total adjustments		(20	)		(10	)		(24	)		(2,631	)
Net cash used in operating activities		(95	)		(128	)		(102	)		(565	)
Cash flows from investing activities:
Additions to properties		(43	)		(43	)		(21	)		(18	)
Net proceeds from sales of businesses/assets , net		2			18			9			827
(Funding) use of restricted cash		(10	)		68			93			(134	)
Marketable securities – sales		—			—			—			21
Marketable securities – purchases		—			(2	)		—			(17	)
Net cash (used in) provided by investing activities		(51	)		41			81			679
Cash flows from financing activities:
Repayment of emergence credit facilities		(4	)		(4	)		(2	)		—
Net proceeds of other borrowings		5			1			—			—
Equity transactions of noncontrolling interests		(1	)		(3	)		7			—
Treasury stock purchases		(1	)		(1	)		(3	)		—
Proceeds from Emergence credit facilities		—			—			—			664
Proceeds from Senior and Junior DIP Credit Agreements		—			—			—			450
Repayment of other borrowings					—			(40	)		(375	)
Repayment of term loans under Original Senior DIP Credit Agreement		—			—			—			(664	)
Repayment of term loans under Junior DIP Credit Agreement		—			—			—			(844	)
Proceeds from Rights Offerings		—			—			—			406
Contingent consideration received with sale of business		—			—			—			35
Net cash used in financing activities		(1	)		(7	)		(38	)		(328	)
Effect of exchange rate changes on cash		(18	)		(38	)		5			(23	)
Net decrease in cash and cash equivalents		(165	)		(132	)		(54	)		(237	)
Cash and cash equivalents, beginning of period		712			844			898			1,135
Cash and cash equivalents, end of period	$	547		$	712		$	844		$	898

The accompanying notes are an integral part of these consolidated financial statements.

11

EASTMAN KODAK COMPANY

CONSOLIDATED STATEMENT OF CASH FLOWS (Continued)

SUPPLEMENTAL CASH FLOW INFORMATION

(in millions)

	Successor						Predecessor
	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
Cash paid for interest and income taxes was:
Interest, net of portion capitalized of $2 as of December 31, 2015, $3 as of December 31, 2014 and $0 as of December 31, 2013 and August 31, 2013.	$	60	$	65	$	22	$	179
Income taxes (net of refunds)		12		14		18		34

The accompanying notes are an integral part of these consolidated financial statements.

12

EASTMAN KODAK COMPANY

NOTES TO FINANCIAL STATEMENTS

NOTE 1: BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION

On January 19, 2012 (the “Petition Date”), Eastman Kodak Company (“EKC” or the “Company”) and its U.S. subsidiaries (collectively, the “Debtors”) filed voluntary petitions for relief under chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”). The cases (the “Chapter 11 Cases”) were jointly administered as Case No. 12-10202 (ALG) under the caption “In re Eastman Kodak Company.” The Debtors operated their businesses as “debtors-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of chapter 11 of the Bankruptcy Code and the orders of the Bankruptcy Court until their emergence from bankruptcy. The Company’s foreign subsidiaries were not part of the Chapter 11 Cases, and continued to operate in the ordinary course of business.

Upon emergence from bankruptcy on September 3, 2013, Kodak adopted fresh-start accounting which resulted in Kodak becoming a new entity for financial reporting purposes. Kodak applied fresh start accounting as of September 1, 2013. Accordingly, the consolidated financial statements on or after September 1, 2013 are not comparable to the consolidated financial statements prior to that date. Refer to Note 25, “Fresh Start Accounting” for additional information.

Subsequent to the Petition Date, all expenses, gains and losses directly associated with the reorganization proceedings are reported as Reorganization items, net in the accompanying Consolidated Statement of Operations. In addition, Liabilities subject to compromise during the chapter 11 proceedings were distinguished from liabilities of the Company’s foreign subsidiaries that were not part of the Chapter 11 Cases, fully-secured liabilities that were not expected to be compromised and from post-petition liabilities in the accompanying Consolidated Statement of Financial Position.

References to “Successor” or “Successor Company” relate to the reorganized Kodak subsequent to September 3, 2013. References to “Predecessor” or “Predecessor Company” relate to Kodak prior to September 3, 2013.

Reclassifications

Certain amounts for prior periods have been reclassified to conform to the current period classification due to Kodak’s new organization structure as of January 1, 2015 and for a change in the segment measure of profitability. In addition to the changes in segment reporting under the new organization structure, tenant rental income for Eastman Business Park previously reported in Cost of Revenues is reported in Revenues. Refer to Note 23, “Segment Information” for more information about these changes.

ACCOUNTING PRINCIPLES

The consolidated financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The following is a description of the significant accounting policies of Kodak.

BASIS OF CONSOLIDATION

The consolidated financial statements include the accounts of EKC and all companies directly or indirectly controlled by EKC, either through majority ownership or otherwise (collectively “Kodak”). Kodak consolidates variable interest entities if Kodak has a controlling financial interest and is determined to be the primary beneficiary of the entity.

Kodak is the primary beneficiary of a utilities variable interest entity, RED-Rochester, LLC (“RED”). Therefore, Kodak consolidates RED’s assets, liabilities and results of operations. Consolidated assets and liabilities of RED are $69 million and $13 million, respectively, as of December 31, 2015 and $77 million and $11 million, respectively, as of December 31, 2014. RED’s equity in those net assets as of December 31, 2015 and 2014 is $25 million and $21 million, respectively. RED’s results of operations are reflected in net income attributable to noncontrolling interest in the accompanying Consolidated Statement of Operations.

USE OF ESTIMATES

The preparation of financial statements in conformity with U.S. GAAP accounting requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of commitments and contingencies at year end, and the reported amounts of revenues and expenses during the reporting periods presented. Actual results could differ from these estimates.

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FOREIGN CURRENCY

For most subsidiaries and branches outside the U.S., the local currency is the functional currency. The financial statements of these subsidiaries and branches are translated into U.S. dollars as follows: assets and liabilities at year-end exchange rates; revenue, expenses and cash flows at average exchange rates; and shareholders’ equity at historical exchange rates. For those subsidiaries for which the local currency is the functional currency, the resulting translation adjustment is recorded as a component of Accumulated other comprehensive (loss) income in the accompanying Consolidated Statement of Financial Position. Translation adjustments related to investments that are permanent in nature are not tax-effected.

For certain other subsidiaries and branches outside the U.S., operations are conducted primarily in U.S. dollars, which is therefore the functional currency. Monetary assets and liabilities of these foreign subsidiaries and branches, which are recorded in local currency, are remeasured at year-end exchange rates, while the related revenue, expense, and gain and loss accounts, which are recorded in local currency, are remeasured at average exchange rates. Non-monetary assets and liabilities, and the related revenue, expense, and gain and loss accounts, are remeasured at historical exchange rates. Adjustments that result from the remeasurement of the assets and liabilities of these subsidiaries are included in Other (charges) income, net in the accompanying Consolidated Statement of Operations.

The effects of foreign currency transactions, including related hedging activities, are included in Other (charges) income, net, in the accompanying Consolidated Statement of Operations.

Venezuela Currency

Kodak has accounted for the Venezuelan economy as highly inflationary since 2010. Accordingly, Kodak’s Venezuelan subsidiary uses the U.S. dollar as its functional currency, and monetary assets and liabilities denominated in BsF generate income or expense for changes in value associated with foreign currency exchange rate fluctuations against the U.S. dollar. Kodak’s Venezuelan subsidiary does not have ongoing trading activity.

The Venezuelan government has maintained currency controls and a fixed official exchange rate since 2003. The official exchange rate at December 31, 2015 and 2014 was 6.3 Venezuelan Bolivars Fuertes (“BsF”) to the U.S. dollar. In 2013, the Venezuelan government announced the creation of a complementary currency exchange system, referred to as “SICAD 1.” SICAD 1 was determined by an auction process restricted to invited entities for designated uses. At December 31, 2014, the SICAD 1 exchange rate was 12.0 BsF to the U.S. Dollar. In 2014, the Venezuelan government created another currency exchange system known as “SICAD 2,” indicating that all industry sectors and companies would be eligible to participate in SICAD 2. Transactions in SICAD 2 were regulated by the Venezuelan Central Bank. Entities were required to submit applications to convert BsF to U.S. dollars under SICAD 2. The SICAD 2 exchange rate as of December 31, 2014 was 49.99 BsF to the U.S. dollar.

Given increased uncertainty in Venezuela, Kodak adopted the SICAD 2 rate to remeasure BsF denominated monetary assets and liabilities of its Venezuelan subsidiary to the U.S. dollar as of December 31, 2014. As a result of this change from the official exchange rate, Kodak recorded a charge of $16 million in other (charges), income net in the fourth quarter of 2014.

In 2015, the Venezuelan government merged the SICAD 1 and SICAD 2 exchange mechanisms into a single mechanism called SICAD and introduced a new open market system, “SIMADI.” The SIMADI market is intended to have a floating exchange rate determined by market participants. Kodak adopted the SIMADI rate to remeasure BsF denominated monetary assets and liabilities of its Venezuelan subsidiary to the U.S. dollar as of March 31, 2015. The SIMADI exchange rate at March 31, 2015 was 191.97 BsF to the U.S. dollar. As a result of the change from the SICAD 2 rate, Kodak recorded a charge of $2 million in other (charges), income net in the first quarter of 2015. The SIMADI exchange rate as of December 31, 2015 was 198.7 BsF to the U.S. dollar.

As of December 31, 2015 and December 31, 2014, Kodak’s Venezuelan subsidiary had approximately $1 million and $2 million, respectively, of BsF denominated net monetary assets, composed primarily of cash and cash equivalents.

CONCENTRATION OF CREDIT RISK

Financial instruments that potentially subject Kodak to significant concentrations of credit risk consist principally of cash and cash equivalents, receivables, and derivative instruments. Kodak places its cash and cash equivalents with high-quality financial institutions and limits the amount of credit exposure to any one institution. With respect to receivables, such receivables arise from sales to numerous customers in a variety of industries, markets, and geographies around the world. Receivables arising from these sales are generally not collateralized. Kodak performs ongoing credit evaluations of its customers’ financial conditions, and

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maintains reserves for potential credit losses and such losses, in the aggregate, have not exceeded management’s expectations. Counterparties to the derivative instrument contracts are major financial institutions. Kodak has not experienced non-performance by any of its derivative instruments counterparties.

CASH EQUIVALENTS

All highly liquid investments with a remaining maturity of three months or less at date of purchase are considered to be cash equivalents.

INVENTORIES

Inventories are stated at the lower of cost or market. The cost of all of Kodak’s inventories is determined by the average cost method, which approximates current cost. Kodak provides inventory reserves for excess, obsolete or slow-moving inventory based on changes in customer demand, technology developments or other economic factors.

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment are recorded at cost, net of accumulated depreciation with the exception of property, plant and equipment owned as of the application of fresh start accounting. Kodak capitalizes additions and improvements while maintenance and repairs are charged to expense as incurred. Upon sale or other disposition, the applicable amounts of asset cost and accumulated depreciation are removed from the accounts and the net amount, less proceeds from disposal, is charged or credited to net (loss) earnings. In connection with fresh start accounting, property, plant and equipment were adjusted to their estimated fair value and depreciable lives were revised as of September 1, 2013. Refer to Note 25, “Fresh Start Accounting.”

Kodak calculates depreciation expense using the straight-line method over the assets’ estimated useful lives, which are as follows:

	Successor Company	As of September 1, 2013
Buildings and building improvements	5-40	1-38
Land improvements	20	1-20
Leasehold improvements	3-20	1-10
Equipment	3-15	1-20
Tooling	1-3	1-3
Furniture and fixtures	5-10	1-10

Kodak depreciates leasehold improvements over the shorter of the lease term or the asset’s estimated useful life.

Equipment subject to operating leases is included in Property, plant and equipment, net in the Consolidated Statement of Financial Position. Equipment subject to operating leases consists of equipment rented to customers and is depreciated to estimated salvage value over its expected useful life. Equipment operating lease terms and depreciable lives generally vary from 3 to 7 years.

GOODWILL

Goodwill reported in the Successor period represents the reorganizational value of assets in excess of amounts allocated to identified tangible and intangible assets. Refer to Note 25, “Fresh Start Accounting.” Goodwill is not amortized, but is required to be assessed for impairment at least annually and whenever events or changes in circumstances occur that would more likely than not reduce the fair value of the reporting unit below its carrying amount. Kodak performed the annual test of impairment as of October 1, 2015 for all its reporting units and updated its analysis as of December 31, 2015 due to the change in the annual goodwill impairment test date from October 1 to December 31.

When testing goodwill for impairment, Kodak may assess qualitative factors for some or all of its reporting units to determine whether it is more likely than not (that is, a likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying amount, including goodwill. If Kodak determines based on this qualitative test of impairment that it is more likely than not that a reporting unit’s fair value is less than its carrying amount, or elects to bypass the qualitative assessment for some or all of its

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reporting units, then a two-step goodwill impairment test is performed to test for a potential impairment of goodwill (step 1) and if potential losses are identified, to measure the impairment loss (step 2). Determining the fair value of a reporting unit involves the use of significant estimates and assumptions. Refer to Note 5, “Goodwill and Other Intangible Assets”.

WORKERS COMPENSATION

Kodak self insures and participates in high-deductible insurance programs with retention and per occurrence deductible levels for claims related to workers compensation. The estimated liability for workers compensation is based on actuarially estimated, discounted cost of claims, including claims incurred but not reported. Historical loss development factors are utilized to project the future development of incurred losses, and the amounts are adjusted based on actual claim experience, settlements, claim development trends, changes in state regulations and judicial interpretations. Amounts recoverable from insurance companies or third parties are estimated using historical experience and estimates of future recoveries. Estimated recoveries are not offset against the related accrual.

REVENUE

Kodak’s revenue transactions include sales of products (such as components and consumables for use in Kodak and other manufacturers’ equipment and film based products); equipment; software; services; integrated solutions; and intellectual property and brand licensing. Kodak recognizes revenue when realized or realizable and earned, which is when the following criteria are met: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the sales price is fixed or determinable; and (4) collectability is reasonably assured. At the time revenue is recognized, Kodak provides for the estimated costs of customer incentive programs, warranties and estimated returns and reduces revenue accordingly. For those incentives that require the estimation of sales volumes or redemption rates, such as for volume rebates, Kodak uses historical experience and internal and customer data to estimate the sales incentive at the time revenue is recognized. Kodak accrues the estimated cost of post-sale obligations, including basic product warranties, based on historical experience at the time Kodak recognizes revenue.

For product sales, the revenue recognition criteria are generally met when title and risk of loss have transferred from Kodak to the buyer, which may be upon shipment or upon delivery to the customer site, based on contract terms or legal requirements in certain jurisdictions.

For equipment sales, the recognition criteria are generally met when the equipment is delivered and installed at the customer site. Revenue is recognized for equipment upon delivery as opposed to upon installation when the equipment has stand-alone value to the customer, and the amount of revenue allocable to the equipment is not legally contingent upon the completion of the installation. In instances in which the agreement with the customer contains a customer acceptance clause, revenue is deferred until customer acceptance is obtained, provided the customer acceptance clause is considered to be substantive. For certain agreements, Kodak does not consider these customer acceptance clauses to be substantive because Kodak can and does replicate the customer acceptance test environment and performs the agreed upon product testing prior to shipment. In these instances, revenue is recognized upon installation of the equipment.

Revenue from the sale of software licenses is recognized when (1) Kodak enters into a legally binding arrangement with a customer for the license of software; (2) Kodak delivers the software; (3) customer payment is deemed fixed or determinable and free of contingencies or significant uncertainties; and (4) collection from the customer is probable. Software maintenance and support revenue is recognized ratably over the term of the related maintenance contract.

Revenue from services includes extended warranty, customer support and maintenance agreements, consulting, business process services, training and education. Service revenue is recognized over the contractual period or as services are performed. In service arrangements where final acceptance of a system or solution by the customer is required, revenue is deferred until all acceptance criteria have been met.

The timing and the amount of revenue recognized from the licensing of intellectual property depend upon a variety of factors, including the specific terms of each agreement and the nature of the deliverables and obligations. Revenue is only recognized after all of the following criteria are met: (1) Kodak enters into a legally binding arrangement with a licensee of Kodak’s intellectual property, (2) Kodak delivers the technology or intellectual property rights, (3) licensee payment is deemed fixed or determinable and free of contingencies or significant uncertainties, and (4) collection from the licensee is reasonably assured.

Most of Kodak’s equipment has both software and non-software components that function together to deliver the equipment’s essential functionality and therefore they are accounted for together as non-software deliverables. Non-essential software sold in connection with Kodak’s equipment sales is accounted for as separate deliverables or elements. In most cases, these software

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products sold as part of a multiple element arrangement include software maintenance agreements as well as unspecified upgrades or enhancements on a when-and-if-available basis. In multiple element arrangements where non-essential software deliverables are included, revenue is allocated to non-software and to software deliverables each as a group based on relative selling prices of each of the deliverables in the arrangement. Revenue allocated to software licenses is recognized when all revenue recognition criteria have been met. Revenue generated from maintenance and unspecified upgrades or updates on a when-and-if-available basis is recognized over the contract period.

RESEARCH AND DEVELOPMENT COSTS

Research and development (“R&D”) costs, which include costs incurred in connection with new product development, fundamental and exploratory research, process improvement, product use technology and product accreditation, are expensed in the period in which they are incurred.

ADVERTISING

Advertising costs are expensed as incurred and are included in Selling, general and administrative expenses in the accompanying Consolidated Statement of Operations. Advertising expenses amounted to $8 million, $13 million, $6 million and $14 million for the years ended December 31, 2015 and December 31, 2014, four months ended December 31, 2013, and for the eight months ended August 31, 2013, respectively.

SHIPPING AND HANDLING COSTS

Amounts charged to customers and costs incurred by Kodak related to shipping and handling are included in net sales and cost of sales, respectively.

IMPAIRMENT OF LONG-LIVED ASSETS

The carrying values of long-lived assets, other than goodwill and intangible assets with indefinite useful lives, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying values may not be recoverable. In connection with fresh start accounting, the carrying values of long-lived assets were adjusted to estimated fair value as of September 1, 2013 and Kodak revised its estimates of the remaining useful lives of all long-lived assets. Refer to Note 25, “Fresh Start Accounting.”

The recoverability of the carrying values of long-lived assets is assessed by first grouping long-lived assets with other assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities (the asset group) and, secondly, by estimating the undiscounted future cash flows that are directly associated with and that are expected to arise from the use of and eventual disposition of such asset group. Kodak estimates the undiscounted cash flows over the remaining useful life of the primary asset within the asset group. If the carrying value of the asset group exceeds the estimated undiscounted cash flows, Kodak records an impairment charge to the extent the carrying value of the long-lived asset exceeds its fair value. Kodak determines fair value through quoted market prices in active markets or, if quoted market prices are unavailable, through the performance of internal analyses of discounted cash flows.

The remaining useful lives of long-lived assets are reviewed in connection with the assessment of recoverability of long-lived assets and the ongoing strategic review of the business and operations. If the review indicates that the remaining useful life of the long-lived asset has changed significantly, the depreciation on that asset is adjusted to facilitate full cost recovery over its revised estimated remaining useful life.

The carrying values of indefinite-lived intangible assets are evaluated for potential impairment annually or whenever events or changes in circumstances indicate that it is more likely than not that the asset is impaired. Refer to Note 5, “Goodwill and Other Intangible Assets.”

INCOME TAXES

Kodak recognizes deferred tax liabilities and assets for the expected future tax consequences of operating losses, credit carry-forwards and temporary differences between the carrying amounts and tax basis of Kodak’s assets and liabilities. Kodak records a valuation allowance to reduce its net deferred tax assets to the amount that is more likely than not to be realized. For discussion of the amounts and components of the valuation allowances as of December 31, 2015 and 2014, see Note 14, “Income Taxes.”

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The undistributed earnings of Kodak’s foreign subsidiaries are not considered permanently reinvested. Kodak has recognized a deferred tax liability (net of related foreign tax credits) on the foreign subsidiaries’ undistributed earnings.

RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS

In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-07, Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent). ASU 2015-07 removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share expedient. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015 (January 1, 2016 for Kodak) with retrospective application to all periods presented. Kodak early adopted ASU 2015-07 effective December 31, 2015. The retrospective adoption resulted in a reduction in Level 3 assets for the U.S. plans of $1,837 million and $1,721 million at December 31, 2014 and January 1, 2014, respectively, and a reduction in Level 3 assets for the non-U.S. plans of $106 million at both December 31, 2014 and January 1, 2014. In addition, Level 2 assets for the U.S. and non-U.S. plans decreased by $1,761 million and $251 million, respectively, at December 31, 2014. Refer to Note 16, “Retirement Plans.”

In April 2014, the FASB issued ASU 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360).” ASU 2014-08 defines a discontinued operation as a disposal of a component (or group of components) of an entity that was disposed of or is classified as held for sale and represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. ASU 2014-08 expands the disclosures when an entity retains a significant continuing involvement with a discontinued operation as well as for disposals of individually material components that do not qualify as discontinued operations. The amendments in the update were effective prospectively for fiscal years, and interim periods within those years, beginning after December 15, 2014 (January 1, 2015 for Kodak) to new disposals and new disposal groups classified as held for sale after the effective date. The adoption of this guidance did not have a material impact on Kodak’s Consolidated Financial Statements.

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). ASU 2016-02 requires lessees to recognize most leases on their balance sheets as lease liabilities with corresponding right-of-use assets and eliminates certain real estate-specific provisions. The new leasing standard is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2018 (January 1, 2019 for Kodak). Early adoption is permitted. Kodak is currently evaluating the impact of this ASU.

In January 2016, the FASB issued ASU 2016-01, Financial Instruments–Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. ASU 2016-01 primarily affects the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. Under the ASU all equity investments in unconsolidated entities (other than those accounted for using the equity method of accounting) will generally be measured at fair value through earnings. In addition, the FASB clarified guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. The classification and measurement guidance will be effective for Kodak beginning January 1, 2018, including interim periods within those fiscal years. Kodak is currently evaluating the impact of this ASU.

In November 2015, the FASB issued ASU 2015-17, Income Taxes (Topic 740) Balance Sheet Classification of Deferred Taxes. ASU 2015-17 amends the accounting for income taxes and requires all deferred tax assets and liabilities to be classified as non-current on the consolidated balance sheet. ASU 2015-17 is effective for fiscal years and interim reporting periods within those years beginning after December 15, 2016 (January 1, 2017 for Kodak), with early adoption permitted in any annual or interim period. ASU 2015-17 may be adopted either prospectively or retrospectively. Kodak is currently evaluating the method of adoption and expects ASU 2015-17 will have an impact on the consolidated balance sheet. The current deferred tax assets in excess of valuation allowance were $22 million as of December 31, 2015.

In April 2015, the FASB issued ASU 2015-03, Imputation of Interest (Sub-Topic 835.30): Simplifying the Presentation of Debt Issuance Costs. ASU 2015-03 requires debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. In August 2015, the FASB issued ASU 2015-15 clarifying the application of this guidance to line of credit arrangements. The amendments in the ASUs are effective retrospectively for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015 (January 1, 2016 for Kodak). Early adoption is permitted for financial statements not previously issued. Kodak does not expect the adoption of this guidance to have a material impact on its Consolidated Financial Statements.

In February 2015, the FASB issued ASU 2015-02, “Consolidation (Topic 810): Amendments to the Consolidation Analysis”. The amendments in ASU 2015-02 change the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. The amendments in this ASU are effective for fiscal years, and for interim periods within those fiscal years,

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beginning after December 15, 2015 (January 1, 2016 for Kodak). Early adoption is permitted, including adoption in an interim period. A reporting entity may apply the amendments in this ASU either retrospectively or use a modified retrospective approach by recording a cumulative-effect adjustment to equity as of the beginning of the fiscal year of adoption. Kodak does not expect the adoption of this guidance to have a material impact on its Consolidated Financial Statements.

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” ASU 2014-09 supersedes the revenue recognition requirements in Topic 605, “Revenue Recognition” and most industry-specific guidance. The core principle of ASU 2014-09 is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In July 2015, the FASB deferred the effective date of ASU 2014-09. The new revenue standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017 (January 1, 2018 for Kodak) and allows either a full retrospective adoption to all periods presented or a modified retrospective adoption approach with the cumulative effect of initial application of the revised guidance recognized at the date of initial application. Kodak is currently evaluating the adoption alternatives and impact of this ASU.

NOTE 2: RECEIVABLES, NET

	As of December 31,
(in millions)	2015		2014
Trade receivables	$	318	$	361
Miscellaneous receivables		47		53
Total (net of allowances of $10 and $11 as of December 31, 2015 and December 31, 2014, respectively)	$	365	$	414

Approximately $28 million and $31 million of the total trade receivable amounts as of December 31, 2015 and 2014, respectively, will potentially be settled through customer deductions in lieu of cash payments. Such deductions represent rebates owed to customers and are included in Other current liabilities in the accompanying Consolidated Statement of Financial Position.

NOTE 3: INVENTORIES, NET

	As of December 31,
(in millions)	2015		2014
Finished goods	$	177	$	204
Work in process		65		73
Raw materials		72		72
Total	$	314	$	349

NOTE 4: PROPERTY, PLANT AND EQUIPMENT, NET AND EQUIPMENT SUBJECT TO OPERATING LEASES, NET

	As of December 31,
(in millions)	2015			2014
Land	$	74		$	100
Buildings and building improvements		171			176
Machinery and equipment		483			432
Construction in progress		28			47
		756			755
Accumulated depreciation		(330	)		(231	)
Property, plant and equipment, net	$	426		$	524

Depreciation expense was $120 million, $174 million, $67 million and $87 million for the years ended December 31, 2015 and December 31, 2014, four months ended December 31, 2013, and eight months ended August 31, 2013, respectively, of which approximately $8 million, $2 million, $0 million and $4 million, respectively, represented accelerated depreciation in connection with restructuring actions.

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Equipment subject to operating leases and the related accumulated depreciation were as follows:

	As of December 31,
(in millions)	2015			2014
Equipment subject to operating leases, net	$	37		$	25
Accumulated depreciation		(14	)		(10	)
Equipment subject to operating leases, net	$	23		$	15

Minimum future rental revenues on operating leases with original terms of one year or longer are not significant to Kodak.

NOTE 5: GOODWILL AND OTHER INTANGIBLE ASSETS

The following table presents the changes in the carrying value of goodwill by reportable segment. The Enterprise Inkjet Systems and Eastman Business Park segments do not have goodwill and are therefore not presented.

(in millions)	Print Systems		Micro 3D Printing and Packaging			Software and Solutions		Consumer and Film		Intellectual Property Solutions			Consolidated Total
Balance as of December 31, 2013:	$	51	$	24		$	6	$	6	$	1		$	88
Fresh start accounting adjustment		5		2			—		—		1			8
Balance as of December 31, 2014:	$	56	$	26		$	6	$	6	$	2		$	96
Impairment		—		(6	)		—		—		(2	)		(8	)
Balance as of December 31, 2015:	$	56	$	20		$	6	$	6	$	—		$	88

In the first quarter of 2014, Kodak increased the value of goodwill determined as part of fresh start accounting by $8 million to correct for a liability that should have been recorded at emergence.

As a result of the change in segments that became effective as of January 1, 2015, Kodak’s goodwill reporting units changed. Refer to Note 23, “Segment Information” for additional information on the change to Kodak’s organizational structure. The Print Systems segment has two goodwill reporting units: Prepress Solutions and Electrophotographic Printing Solutions. The Micro 3D Printing and Packaging segment has two goodwill reporting units: Packaging and Micro 3D Printing. The Software and Solutions segment has two goodwill reporting units: Kodak Technology Solutions and Unified Workflow Solutions. The Consumer and Film segment has three goodwill reporting units: Consumer Inkjet Solutions, Motion Picture, Industrial Chemicals and Films and Consumer Products. The Enterprise Inkjet Systems segment has two goodwill reporting units: Commercial Inkjet Printing Solutions and Digital Front-End Controllers. The Intellectual Property Solutions segment and the Eastman Business Park segment each have one goodwill reporting unit.

As of December 31, 2014, the goodwill balance of $96 million under the prior year segment reporting structure was comprised of $67 million for the Graphics, Entertainment and Commercial Films segment and $29 million for the Digital Printing and Enterprise segment. The goodwill in the Graphics, Entertainment and Commercial Films segment was reported in the Graphics and Intellectual Property and Brand Licensing reporting units. The goodwill in the Digital Printing and Enterprise segment was reported in the Packaging and Functional Printing and Consumer Inkjet Systems reporting units.

Goodwill previously reported in the Graphics goodwill reporting unit was transferred to the Prepress Solutions goodwill reporting unit and the Unified Workflow Solutions goodwill reporting unit. The goodwill previously reported in the Packaging and Functional Printing goodwill reporting unit was transferred to the Packaging goodwill reporting unit and the Micro 3D Printing goodwill reporting unit. The goodwill previously reported in the Intellectual Property and Brand Licensing goodwill reporting unit was transferred to the Intellectual Property Solutions goodwill reporting unit and the Consumer Products goodwill reporting unit. Goodwill was reassigned to affected reporting units using a relative fair value allocation.

Due to the change in Kodak’s reporting units and the delay in commercializing new technologies in the Micro 3D Printing reporting unit, Kodak concluded that the carrying value of the Micro 3D Printing reporting unit exceeded its implied fair value. The fair value of the Micro 3D Printing reporting unit was estimated using the discounted cash flow method in which the future cash flows, including a terminal value at the end of the projection period, were discounted to present value. Kodak recorded a pre-tax impairment charge of $6 million in the first quarter of 2015 that is included in Other operating (income) expense, net in the Consolidated Statement of Operations representing the entire amount of goodwill for this reporting unit.

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Based upon the results of Kodak’s October 1, 2015 analysis, Kodak concluded that the carrying value of the Intellectual Property Solutions reporting unit exceeded its implied fair value and recorded a pre-tax impairment charge of $2 million in the fourth quarter of 2015 that is included in Other operating expense (income), net in the Consolidated Statement of Operations representing the entire amount of goodwill for this reporting unit. No impairment of goodwill was indicated for any other reporting units as of October 1 or December 31 valuation dates.

The gross carrying amount and accumulated amortization by major intangible asset category as of December 31, 2015 and 2014 were as follows:

	As of December 31, 2015
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net		Weighted-Average Amortization Period
Technology-based	$	131	$	47	$	84	6 years
Kodak trade name		46		—		46	Indefinite life
Customer-related		37		11		26	7 years
Other		2		—		2	20 years
Total	$	216	$	58	$	158
	As of December 31, 2014
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net		Weighted-Average Amortization Period
Technology-based	$	131	$	27	$	104	7 years
Kodak trade name		46		—		46	Indefinite life
Customer-related		36		6		30	8 years
Other		2		—		2	21 years
Total	$	215	$	33	$	182

Based upon the results of Kodak’s October 1, 2015 and December 31, 2015 impairment tests, no impairment of the Kodak trade name was indicated. In the fourth quarter of 2013, Kodak concluded that the carrying value of the Kodak trade name, estimated as part of fresh start accounting, exceeded its fair value and Kodak recorded a pre-tax impairment charge of $8 million that is included in Other operating expense (income), net in the Consolidated Statement of Operations.

Amortization expense related to intangible assets was $25 million, $25 million, $8 million and $10 million for the years ended December 31, 2015 and December 31, 2014, four months ended December 31, 2013, and eight months ended August 31, 2013, respectively.

Estimated future amortization expense related to intangible assets that are currently being amortized as of December 31, 2015 was as follows:

(in millions)
2016	$	25
2017		23
2018		18
2019		10
2020		9
2021 and thereafter		27
Total	$	112

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NOTE 6: OTHER CURRENT LIABILITIES

	As of December 31,
(in millions)	2015		2014
Accrued employment-related liabilities	$	81	$	132
Accrued customer rebates		31		34
Deferred revenue		39		48
Accrued restructuring liabilities		11		27
Deferred consideration on disposed businesses		—		11
Other		97		120
Total	$	259	$	372

The Other component above consists of other miscellaneous current liabilities that, individually, were less than 5% of the total current liabilities component within the Consolidated Statement of Financial Position, and therefore, have been aggregated in accordance with Regulation S-X.

NOTE 7: OTHER LONG-TERM LIABILITIES

	As of December 31,
(in millions)	2015		2014
Workers compensation	$	113	$	123
Environmental liabilities		13		19
Asset retirement obligations		47		53
Other		105		129
Total	$	278	$	324

The Other component above consists of other miscellaneous long-term liabilities that, individually, were less than 5% of the total liabilities component in the accompanying Consolidated Statement of Financial Position, and therefore, have been aggregated in accordance with Regulation S-X.

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NOTE 8: SHORT-TERM BORROWINGS AND LONG-TERM DEBT

Debt and related maturities and interest rates were as follows at December 31, 2015 and 2014:

				As of December 31,
(in millions)				2015		2014
	Type	Maturity	Weighted-Average Effective Interest Rate	Carrying Value		Carrying Value
Current portion:
	Term note	2016	7.56%	$	4	$	4
	Credit line	2015	2.42%		—		1
	Other	2016	3.12% - 6.07%		1		—
					5		5
Non-current portion:
	Term note	2019	7.56%		400		403
	Term note	2020	11.04%		270		269
	Other	Various	3.12% - 6.07%		5		—
					675		672
				$	680	$	677

Annual maturities of debt outstanding at December 31, 2015, were as follows:

(in millions)	Carrying Value		Maturity Value
2016	$	5	$	5
2017		4		4
2018		5		5
2019		392		397
2020		271		276
2021 and thereafter		3		3
Total	$	680	$	690

On September 3, 2013, the Company entered into (i) a Senior Secured First Lien Term Credit Agreement (the “First Lien Term Credit Agreement”) with the lenders party thereto (the “First Lien Lenders”), JPMorgan Chase Bank, N.A. as administrative agent, and J.P. Morgan Securities LLC, Barclays Bank PLC, and Merrill Lynch, Pierce, Fenner & Smith Inc. as joint lead arrangers and joint bookrunners, and (ii) a Senior Secured Second Lien Term Credit Agreement (the “Second Lien Term Credit Agreement,” and together with the First Lien Term Credit Agreement, the “Term Credit Agreements”), with the lenders party thereto (the “Second Lien Lenders,” and together with the First Lien Lenders, the “Term Credit Lenders”), Barclays Bank PLC as administrative agent, and J.P. Morgan Securities LLC, Barclays Bank PLC and Merrill Lynch, Pierce, Fenner & Smith Inc. as joint lead arrangers and joint bookrunners. Additionally, the Company and its U.S. subsidiaries (the “Subsidiary Guarantors”) entered into an Asset Based Revolving Credit Agreement (the “ABL Credit Agreement” and together with the Term Credit Agreements, the “Credit Agreements”) with the lenders party thereto (the “ABL Lenders” and together with the First Lien Lenders and the Second Lien Lenders, the “Lenders”) and Bank of America N.A. as administrative agent and collateral agent, Barclays Bank PLC as syndication agent and Merrill Lynch, Pierce, Fenner & Smith Inc., Barclays Bank PLC and J.P. Morgan Securities LLC as joint lead arrangers and joint bookrunners. Pursuant to the terms of the Credit Agreements, the Term Credit Lenders provided the Company with term loan facilities in an aggregate principal amount of $695 million, consisting of $420 million of first-lien term loans (the “First Lien Loans”) and $275 million of second-lien term loans (the “Second Lien Loans”). Net proceeds from the Term Credit Agreements were $664 million ($695 million aggregate principal less $15 million stated discount and $16 million in debt transaction costs). The ABL Lenders will make available asset-based revolving loans in an amount of up to $200 million (the “ABL Loans”). The maturity date of the loans made under the Term Credit Agreements is the earlier to occur of (i) September 3, 2019 (in case of First Lien Loans) or September 3, 2020 (in case of Second Lien Loans) and (ii) the acceleration of such loans due to an event of default (as defined in the Term Credit Agreements). The maturity date of the loans made under the ABL Credit Agreement is the earlier to occur of (i) September 3, 2018 and (ii) the date of termination of the commitments in accordance with the terms of the ABL Credit Agreement. The ABL Credit Agreement also provides for the issuance of letters of credit of up to a sublimit of $150 million. The Company has issued approximately $118 million of letters of credit under the ABL Credit Agreement as of December 31,

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2015. Under the ABL Loan’s borrowing base calculation, the Company had approximately $16 million and $29 million Borrowing Base Availability (as defined in the ABL Credit Agreement) under the revolving credit facility as of December 31, 2015 and December 31, 2014, respectively. Availability is subject to the borrowing base calculation, reserves and other limitations.

The Credit Agreements limit, among other things, the Company’s and the Subsidiary Guarantors’ ability to (i) incur indebtedness, (ii) incur or create liens, (iii) dispose of assets, (iv) make restricted payments (including dividend payments, et al.) and (v) make investments. Events of default under the Credit Agreements include, among others, failure to pay any loan, interest or other amount due under the applicable credit agreement, breach of specific covenants and a change of control of the Company. Upon an event of default, the applicable lenders may declare the outstanding obligations under the applicable credit agreement to be immediately due and payable and exercise other rights and remedies provided for in such credit agreement.

Under the ABL Credit Agreement, Kodak is required to maintain a minimum Fixed Charge Coverage Ratio (as defined in the ABL Credit Agreement) of 1.00 to 1.00 when Excess Availability is less than 15% of lender commitments (springing covenant). As of December 31, 2015 15% of lender commitments and Excess Availability were $30 million and $31 million, respectively. Excess Availability is equal to the sum of (i) 85% of the amount of the Eligible Receivables less a Dilution Reserve, (ii) the lesser of 85% of Net Orderly Liquidation Value or 75% of the Eligible Inventory (iii) Eligible Equipment (iv) Eligible Cash and (v) Qualified Cash (not to exceed $15 million) less (i) Rent and Charges Reserves, (ii) Principal Outstanding, (iii) Letters of Credit and (iv) an Availability Block (each item as defined in the ABL Credit Agreement).

As of December 31, 2015 and 2014, Kodak had funded $30 million and $20 million, respectively, to the Eligible Cash account, held with the ABL Credit Agreement Administrative Agent, which is classified as Restricted cash in the Consolidated Statement of Financial Position, and an additional $15 million of Qualified Cash as of December 31, 2015 and 2014 in an unrestricted cash account, supporting the Excess Availability amount. If Excess Availability falls below 15% of lender commitments ($30 million as of both December 31, 2015 and 2014), Kodak may, in addition to the requirement to be in compliance with the minimum Fixed Charge Coverage Ratio, become subject to cash dominion control. Since Excess Availability was greater than 15% of lender commitments at both December 31, 2015 and 2014, Kodak is not required to have a minimum Fixed Charges Coverage Ratio of 1.0 to 1.0. As of December 31, 2015 Kodak was in compliance with all the covenants under the ABL Credit Agreement and had Kodak been required to have Fixed Charge Coverage Ratio of 1.0 to 1.0 EBITDA, as defined in the ABL Credit agreement, exceeded Fixed Charges by approximately $17 million.

The First Lien Loans bear interest at the rate of LIBOR plus 6.25% per annum, with a LIBOR floor of 1% or Alternate Base Rate (as defined in the First Lien Term Credit Agreement) plus 5.25%. The Second Lien Loans bear interest at the rate of LIBOR plus 9.5% per annum, with a LIBOR floor of 1.25% or Alternate Base Rate (as defined in the Second Lien Term Credit Agreement) plus 8.5%. The ABL Loans (other than initial borrowings) bear interest at the rate of LIBOR plus 2.75%-3.25% per annum or Base Rate (as defined in the ABL Credit Agreement) plus 1.75%-2.25% per annum, based on Excess Availability (as defined in the ABL Credit Agreement). Each existing and future direct or indirect U.S. subsidiary of the Company (other than immaterial subsidiaries, unrestricted subsidiaries and certain other subsidiaries) have agreed to provide unconditional guarantees of the obligations of the Company under the Credit Agreements. Subject to certain exceptions, obligations under the First Lien Term Credit Agreement and the Second Lien Term Credit Agreement are secured by: (i) a first lien and a second lien, respectively, on all assets of the Company and the Subsidiary Guarantors, other than the ABL Collateral (as defined below), including a first and a second lien, respectively, on 100% of the stock of material domestic subsidiaries and 65% of the stock of material first-tier foreign subsidiaries (collectively the “Term Collateral”) and (ii) a second lien and a third lien, respectively, on the ABL Collateral. Obligations under the ABL Credit Agreement are secured by: (i) a first lien on cash, accounts receivable, inventory, machinery and equipment (the “ABL Collateral”) and (ii) a third lien on the Term Collateral. The aggregate carrying value of the Term Collateral and ABL Collateral as of December 31, 2015 and 2014 was $1,873 million and $1,964 million, respectively.

The Company may voluntarily prepay the First Lien Loan. The Company may prepay the Second Lien Loan after the second anniversary and prior to the third anniversary of the closing date. A prepayment premium of 1% of the principal amount prepaid is required with respect to the Second Lien Loan.

As defined in each of the Term Credit Agreements, the Company is required to prepay loans with net proceeds from asset sales, recovery events or issuance of indebtedness, subject to, in the case of net proceeds received from asset sales or recovery events, reinvestment rights by the Company in assets used or usable by the business within certain time limits. On an annual basis, starting with the fiscal year ending on December 31, 2014, the Company will prepay on June 30 of the following fiscal year loans in an amount equal to a percentage of Excess Cash Flow (“ECF”) as defined in each of the Term Credit Agreements, provided no such prepayment is required if such prepayment would cause U.S. liquidity (as defined in each of the Term Credit Agreements) to be less than $100 million. For the years ended December 31, 2015 and 2014, ECF was a negative amount, therefore, no prepayment is required in 2016 and no prepayment was required in 2015. Any mandatory prepayments as described above shall be reduced by any mandatory prepayments of the First Lien Loan.

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Under the Term Credit Agreements, the Company is required to maintain minimum U.S. Liquidity (as defined therein) through 2014 and starting December 31, 2014, a Secured Leverage Ratio (as defined therein) not to exceed specified levels. The Secured Leverage Ratio under the Term Credit Agreements is tested at the end of each quarter based on the prior four quarters, The maximum Secured Leverage Ratio permitted under the First Lien Term Credit Agreement (which is more restrictive than the corresponding ratio permitted under the Second Lien Term Credit Agreement) declined on June 30, 2015 from 3.75:1 to 3.25:1 and further declined on December 31, 2015 from 3.25:1 to 2.75:1, with no further adjustments for the remainder of the agreement. As of December 31, 2015, Kodak was in compliance with all covenants under the Term Credit Agreements. Kodak’s EBITDA, as calculated under the Term Credit Agreements, exceeded the EBITDA necessary to satisfy the Secured Leverage Ratio by $33 million.

NOTE 9: COMMITMENTS AND CONTINGENCIES

Environmental

Kodak’s undiscounted accrued liabilities for future environmental investigation, remediation and monitoring costs are composed of the following items:

	As of December 31,
(in millions)	2015		2014
Other current operating sites	$	7	$	7
Sites associated with former operations		—		10
Sites associated with the non-imaging health businesses sold in 1994		6		11
Total	$	13	$	28

These amounts are reported in Other long-term liabilities and Current liabilities held for sale in the accompanying Consolidated Statement of Financial Position.

Cash expenditures for pollution prevention and waste treatment for Kodak’s current facilities were as follows:

	Successor						Predecessor
(in millions)	For the Year Ended December 31, 2015		For the Year Ended December 31, 2014		For the Four Months Ended December 31, 2013		For the Eight Months Ended August 31, 2013
Recurring costs for pollution prevention and waste treatment	$	13	$	13	$	5	$	16
Capital expenditures for pollution prevention and waste treatment		2		2		2		—
Total	$	15	$	15	$	7	$	16

Environmental expenditures that relate to an existing condition caused by past operations and that do not provide future benefits are expensed as incurred. Costs that are capital in nature and that provide future benefits are capitalized. Liabilities are recorded when environmental assessments are made or the requirement for remedial efforts is probable, and the costs can be reasonably estimated. The timing of accruing for these remediation liabilities is generally no later than the completion of feasibility studies. Kodak has an ongoing monitoring and identification process to assess how the activities, with respect to the known exposures, are progressing against the accrued cost estimates.

Cash expenditures for the aforementioned investigation, remediation and monitoring activities are expected to be incurred over the next thirty years for most of the sites. For these known environmental liabilities, the accrual reflects Kodak’s best estimate of the amount it will incur under the agreed-upon or proposed work plans. Kodak’s cost estimates were determined using the ASTM Standard E 2137-06, “Standard Guide for Estimating Monetary Costs and Liabilities for Environmental Matters,” and have not been reduced by possible recoveries from third parties. The overall method includes the use of a probabilistic model which forecasts a range of cost estimates for the remediation required at individual sites. The projects are closely monitored and the models are reviewed as significant events occur or at least once per year. Kodak’s estimate includes investigations, equipment and operating costs for remediation and long-term monitoring of the sites.

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The Company provided an indemnity as part of the 1994 sale of Sterling Corporation (now “STWB”), which covered a number of environmental sites including the Lower Passaic River Study Area (“LPRSA”) portion of the Diamond Alkali Superfund Site. STWB, now owned by Bayer Corporation, is a potentially responsible party at the LPRSA site based on alleged releases from facilities formerly owned by subsidiaries of Sterling. On February 29, 2012, the Company notified STWB and Bayer that, under the voluntary petition for bankruptcy by the Company and its U.S. subsidiaries, it elected to discontinue funding and participation in remedial investigations of the LPRSA. STWB and its parent, Bayer, filed proofs of claim against the Company and its U.S. subsidiaries. These claims have been discharged pursuant to the First Amended Joint Chapter 11 Plan of Reorganization. Environmental matters at three sites owned by the Company and one site for which the Company was not the owner but was responsible for the remediation were not resolved by the discharge. On March 17, 2015, the Company entered into an agreement with STWB related to these four sites. The agreement calls for the Company to retain ownership and environmental responsibility of one of the sites. Ownership and environmental responsibility for one site and environmental responsibility for the unowned site transferred to STWB in the second quarter of 2015. Ownership of the remaining site is expected to pass to an unrelated party by 2018 at which point the Company’s environmental responsibility will pass to STWB. If the ownership for the fourth site does not transfer to that unrelated party prior to January 1, 2020, the Company and STWB will share approximately equally in the ongoing costs of the site. As a result of this agreement, the Company reduced its environmental liabilities by approximately $5 million and recognized a gain in the first quarter of 2015 of the same amount.

On January 14, 2015, the Company sold its property in Middleway, West Virginia and transferred the related environmental liability to Commercial Liability Partners WV, LLC (CLP). As part of the transaction, the Company withdrew from its Voluntary Remediation Agreement with the West Virginia Department of Environmental Protection, received an indemnity from CLP regarding any environmental obligations, and was named insured in an environmental insurance policy for a period of ten years in the case of breach by CLP. As of December 31, 2014, the $2 million net book value of the Middleway property was classified in Current assets held for sale and the environmental liability of approximately $9 million was classified as Current liabilities held for sale. The Company released the environmental liability associated with the site and recognized a gain of approximately $5 million on the transaction in 2015.

Estimates of the amount and timing of future costs of environmental remediation requirements are by their nature imprecise because of the continuing evolution of environmental laws and regulatory requirements, the availability and application of technology, the identification of presently unknown remediation sites and the allocation of costs among the potentially responsible parties. Based on information presently available, Kodak does not believe it is reasonably possible that losses for known exposures could exceed current accruals by material amounts, although costs could be material to a particular quarter or year.

Asset Retirement Obligations

Kodak’s asset retirement obligations primarily relate to asbestos contained in buildings that Kodak owns. In many of the countries in which Kodak operates, environmental regulations exist that require Kodak to handle and dispose of asbestos in a special manner if a building undergoes major renovations or is demolished. Otherwise, Kodak is not required to remove the asbestos from its buildings. Kodak records a liability equal to the estimated fair value of its obligation to perform asset retirement activities related to the asbestos, computed using an expected present value technique, when sufficient information exists to calculate the fair value. Kodak does not have a liability recorded related to every building that contains asbestos because Kodak cannot estimate the fair value of its obligation for certain buildings due to a lack of sufficient information about the range of time over which the obligation may be settled through demolition, renovation or sale of the building.

The following table provides asset retirement obligation activity:

	For the Year Ended December 31,
(in millions)	2015			2014
Asset Retirement Obligations at start of period	$	53		$	52
Liabilities incurred in the current period		1			3
Liabilities settled in the current period		(3	)		(1	)
Accretion expense		2			2
Revision in estimated cash flows		(6	)		(2	)
Foreign exchange impact		—			(1	)
Asset Retirement Obligations at end of period	$	47		$	53

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Other Commitments and Contingencies

The Company and its subsidiaries have entered into operating leases for various real estate and equipment needs. Rental expense, net of minor sublease income, amounted to $30 million, $38 million, $15 million and $36 million in the years ended December 31, 2015 and December 31, 2014, four months ending December 31, 2013, and eight months ending August 31, 2013, respectively.

As of December 31, 2015, the Company had outstanding letters of credit of $118 million issued under the ABL Credit Agreement as well as bank guarantees and letters of credit of $4 million, surety bonds in the amount of $17 million, and restricted cash and deposits of $58 million, primarily to support compliance with the Excess Availability threshold under the ABL Credit Agreement, to ensure the payment of possible casualty and workers compensation claims, environmental liabilities, legal contingencies, rental payments, and to support various customs, hedging, tax and trade activities. The restricted cash and deposits are recorded in Restricted cash, Other current assets and Other long-term assets in the Consolidated Statement of Financial Position.

Kodak’s Brazilian operations are involved in various litigation matters and have received or been the subject of numerous governmental assessments related to indirect and other taxes in various stages of litigation, as well as civil litigation and disputes associated with former employees and contract labor. The tax matters, which comprise the majority of the litigation matters, are primarily related to federal and state value-added taxes. Kodak is disputing these matters and intends to vigorously defend its position. Based on the opinion of legal counsel and current reserves already recorded for those matters deemed probable of loss, management does not believe that the ultimate resolution of these matters will materially impact Kodak’s results of operations or financial 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 December 31, 2015, the unreserved portion of these contingencies, inclusive of any related interest and penalties, for which there was at least a reasonable possibility that a loss may be incurred, amounted to approximately $49 million.

In connection with assessments in Brazil, local regulations may require Kodak to post security for a portion of the amounts in dispute. As of December 31, 2015, Kodak has posted security composed of $6 million of pledged cash reported within Restricted cash in the Consolidated Statement of Financial Position and liens on certain Brazilian assets with a net book value of approximately $62 million. Generally, any encumbrances on the Brazilian assets would be removed to the extent the matter is resolved in Kodak’s favor.

Kodak is involved in various lawsuits, claims, investigations, remediation and proceedings, including commercial, customs, employment, environmental, and health and safety matters, which are being handled and defended in the ordinary course of business. Kodak is also subject, from time to time, to various assertions, claims, proceedings and requests for indemnification concerning intellectual property, including patent infringement suits involving technologies that are incorporated in a broad spectrum of Kodak’s products. These matters are in various stages of investigation and litigation, and are being vigorously defended. Based on information currently available Kodak does not believe that it is probable that the outcomes in any of these matters, individually or collectively, will have a material adverse effect on its financial 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 10: GUARANTEES

EKC guarantees obligations to third parties for some of its consolidated subsidiaries. The maximum amount guaranteed is $17 million and the outstanding amount for those guarantees is $6 million.

In connection with the settlement of certain of the Company’s historical environmental liabilities at EBP and in accordance with the terms of the Amended EBP Settlement Agreement, in the event the historical EBP 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 related to this guarantee.

Indemnifications

Kodak issues indemnifications in certain instances when it sells businesses and real estate, and in the ordinary course of business with its customers, suppliers, service providers and business partners. Further, Kodak indemnifies officers and directors who are, or were, serving at the Company’s request in such capacities. Historically, costs incurred to settle claims related to these indemnifications have not been material to Kodak’s financial position, results of operations or cash flows. Additionally, the fair value of the indemnifications that Kodak issued during the year ended December 31, 2015 was not material to Kodak’s financial position, results of operations or cash flows.

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Warranty Costs

Kodak has warranty obligations in connection with the sale of its products and equipment. The original warranty period is generally one year or less. The costs incurred to provide for these warranty obligations are estimated and recorded as an accrued liability at the time of sale. Kodak estimates its warranty cost at the point of sale for a given product based on historical failure rates and related costs to repair. The change in Kodak’s accrued warranty obligations balance, which is reflected in Other current liabilities in the accompanying Consolidated Statement of Financial Position, was as follows:

(in millions)
Accrued warranty obligations as of December 31, 2013	$	13
Actual warranty experience		(16	)
Warranty provisions		8
Accrued warranty obligations as of December 31, 2014		5
Actual warranty experience		(8	)
Warranty provisions		7
Accrued warranty obligations as of December 31, 2015	$	4

Kodak also offers its customers extended warranty arrangements that are generally one year, but may range from three months to five years after the original warranty period. Kodak provides repair services and routine maintenance under these arrangements. Kodak has not separated the extended warranty revenues and costs from the routine maintenance service revenues and costs, as it is not practicable to do so. Therefore, these revenues and costs have been aggregated in the discussion that follows. The change in Kodak’s deferred revenue balance in relation to these extended warranty and maintenance arrangements, 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, 2013	$	30
New extended warranty and maintenance arrangements		194
Recognition of extended warranty and maintenance arrangement revenue		(197	)
Deferred revenue on extended warranties as of December 31, 2014		27
New extended warranty and maintenance arrangements		185
Recognition of extended warranty and maintenance arrangement revenue		(185	)
Deferred revenue on extended warranties as of December 31, 2015	$	27

Costs incurred under these extended warranty and maintenance arrangements for the years ended December 31, 2015 and December 31, 2014 amounted to $135 million and $158 million, respectively.

NOTE 11: 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, as well as forecasted foreign currency denominated intercompany assets. Kodak’s exposure to changes in interest rates results from its investing and borrowing activities used to meet its liquidity needs. Kodak does not utilize financial instruments for trading or other speculative purposes.

Kodak’s foreign currency forward contracts are not designated as hedges, and are marked to market through net (loss) earnings at the same time that the exposed assets and liabilities are re-measured through net (loss) earnings (both in Other (charges) income, net in the Consolidated Statement of Operations). The notional amount of such contracts open at December 31, 2015 and 2014 was approximately $384 million and $334 million, respectively. The majority of the contracts of this type held by Kodak are denominated in Euros, British pounds, and Chinese renminbi. The net effect of foreign currency forward contracts in the results of operations is shown in the following table:

Derivatives Not Designated as Hedging Instruments, Foreign Exchange Contracts

	Successor							Predecessor
(in millions)	For the Year Ended December 31, 2015		For the Year Ended December 31, 2014		For the Four Months Ended December 31, 2013			For the Eight Months Ended August 31, 2013
Net gain (loss) from derivatives not designated as hedging instruments	$	14	$	10	$	(14	)	$	2

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Kodak had no derivatives designated as hedging instruments for the years ended December 31, 2015 and December 31, 2014, four months ended December 31, 2013 or eight months ended August 31, 2013.

Kodak’s financial instrument counterparties are high-quality investment or commercial banks with significant experience with such instruments. Kodak manages exposure to counterparty credit risk by requiring specific minimum credit standards and diversification of counterparties. Kodak has procedures to monitor the credit exposure amounts. The maximum credit exposure at December 31, 2015 was not significant to Kodak.

In the event of a default under the Company’s Term Credit Agreements, the ABL Credit Agreement, or a default under any derivative contract or similar obligation of Kodak, subject to certain minimum thresholds, the derivative counterparties would have the right, although not the obligation, to require immediate settlement of some or all open derivative contracts at their then-current fair value, but with liability positions netted against asset positions with the same counterparty.

Fair Value

Fair values of 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 the foreign currency forward contracts was not material as of December 31, 2015 and 2014.

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 year ended December 31, 2015.

The fair value of long-term borrowings is measured on a nonrecurring basis. Fair values of long-term borrowings (Level 2 fair value measurements) are determined by reference to quoted market prices, if available, or by pricing models based on the value of related cash flows discounted at current market interest rates. The fair values of long-term borrowings were $588 million and $681 million at December 31, 2015 and December 31, 2014, respectively.

The carrying values of cash and cash equivalents, restricted cash, and short-term borrowings and current portion of long-term debt approximate their fair values.

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NOTE 12: OTHER OPERATING EXPENSE (INCOME), NET

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Expense (income) :
Gain on sale of digital imaging patent portfolio (1)	$	—		$	—		$	—		$	(535	)
Goodwill and intangible asset impairments (2) (3) (4) (5) (6)		8			9			8			77
Gains related to the sales of assets and businesses		(6	)		(3	)		(6	)		(34	)
Gain recognized on assets acquired for no monetary consideration (7)		(3	)		—			—			—
Other		3			3			—			(3	)
Total	$	2		$	9		$	2		$	(495	)

⁽¹⁾  Refer to Note 24, “Emergence from Voluntary Reorganization under Chapter 11 Proceedings.”

⁽²⁾  In the fourth quarter of 2015, Kodak recorded a goodwill impairment charge of $2 million related to the Intellectual Property Solutions reporting unit. Refer to Note 5, “Goodwill and Other Intangible Assets.”

⁽³⁾  In the first quarter of 2015, Kodak recorded a goodwill impairment charge of $6 million related to the Micro 3D Printing reporting unit. Refer to Note 5, “Goodwill and Other Intangible Assets.”

⁽⁴⁾  In the fourth quarter of 2014, Kodak recorded an impairment charge of $9 million related to an in-process research and development intangible asset established as part of fresh start accounting.

⁽⁵⁾  In the fourth quarter of 2013, Kodak recorded an impairment charge of $8 million related to the Kodak trade name. Refer to Note 5, “Goodwill and Other Intangible Assets.”

⁽⁶⁾  In the first quarter of 2013, Kodak recorded a goodwill impairment charge of $77 million related to the Intellectual Property and Consumer Products reporting unit.

⁽⁷⁾  Refer to Note 23, “Segment Information”, footnote 5 to the table entitled “Segment Operational EBITDA from Consolidated Loss from Continuing Operations Before Income Taxes.”

NOTE 13: OTHER (CHARGES) INCOME, NET

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Income (charges):
Interest income	$	1		$	6		$	3		$	3
Loss on foreign exchange transactions (1)		(17	)		(22	)		(5	)		(7	)
Other		(5	)		(5	)		12			(9	)
Total	$	(21	)	$	(21	)	$	10		$	(13	)

⁽¹⁾  In 2015 and 2014 Kodak recorded a charges of $2 million and $16 million, respectively, from the remeasurement of its Venezuelan subsidiary’s monetary assets and liabilities. Refer to Note 1, “Basis of Presentations and Significant Accounting Matters”, “Foreign Currency” section.

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NOTE 14: INCOME TAXES

The components of (loss) earnings from continuing operations before income taxes and the related provision (benefit) for U.S. and other income taxes were as follows:

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
(Loss) earnings from continuing operations before income taxes:
U.S.	$	(169	)	$	(208	)	$	(119	)	$	2,243
Outside the U.S.		134			96			45			113
Total	$	(35	)	$	(112	)	$	(74	)	$	2,356
U.S. income taxes:
Current provision (benefit)	$	1		$	(2	)	$	3		$	—
Deferred provision (benefit)		9			4			3			(3	)
Income taxes outside the U.S.:
Current provision (benefit)		22			(1	)		8			52
Deferred provision (benefit)		—			7			(8	)		105
State and other income taxes:
Current provision		—			1			2			1
Deferred provision		—			1			—			—
Total provision	$	32		$	10		$	8		$	155

The differences between income taxes computed using the U.S. federal income tax rate and the provision for income taxes for continuing operations were as follows:

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Amount computed using the statutory rate	$	(12	)	$	(39	)	$	(25	)	$	825
Increase (reduction) in taxes resulting from:
State and other income taxes, net of federal		—			1			2			—
Unremitted foreign earnings		26			4			36			32
Impact of goodwill and intangible impairments		—			—			(3	)		(22	)
Operations outside the U.S.		28			111			73			(18	)
Legislative rate changes		—			—			—			1
Valuation allowance		(71	)		(121	)		(100	)		39
Tax settlements and adjustments, including interest		2			(5	)		1			5
Discharge of debt and other reorganization related items		60			57			24			(722	)
Other, net		(1	)		2			—			15
Provision for income taxes	$	32		$	10		$	8		$	155

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During 2013, a substantial portion of the Company’s pre-petition debt securities, revolving credit facility and other obligations were extinguished. Absent an exception, a debtor recognizes cancellation of indebtedness income (“CODI”) upon discharge of its outstanding indebtedness for an amount of consideration that is less than its adjusted issue price. The Internal Revenue Code of 1986, as amended (“IRC”), provides that a debtor in a bankruptcy case may exclude CODI from taxable income but must reduce certain of its tax attributes by the amount of any CODI realized as a result of the consummation of a plan of reorganization. The amount of CODI realized by a taxpayer is the adjusted issue price of any indebtedness discharged less the sum of (i) the amount of cash paid, (ii) the issue price of any new indebtedness issued and (iii) the fair market value of any other consideration, including equity, issued. As a result of the market value of equity upon emergence from chapter 11 bankruptcy proceedings, the estimated amount of U.S. CODI was approximately $705 million, which reduced the value of Kodak’s U.S. net operating losses that had a value of $2,495 million. The actual reduction in tax attributes occurred on the first day of the Company’s tax year subsequent to the date of emergence, or January 1, 2014.

IRC Sections 382 and 383 provide an annual limitation with respect to the ability of a corporation to utilize its tax attributes, as well as certain built-in-losses, against future U.S. taxable income in the event of a change in ownership. The Debtors’ emergence from chapter 11 bankruptcy proceedings was considered a change in ownership for purposes of IRC Section 382. The limitation under the IRC is based on the value of the corporation as of the emergence date. However, the ownership changes and resulting annual limitation will result in the expiration of approximately $711 million of net operating losses, $567 million of foreign tax credits and $21 million of research and expenditure credits generated prior to the emergence date. The expiration of these tax attributes was fully offset by a corresponding decrease in Kodak’s U.S. valuation allowance, which results in no net tax provision.

During 2013, the KPP Global Settlement provided for the acquisition by the KPP of certain assets, and the assumption by the KPP of certain liabilities of Kodak’s Personalized Imaging and Document Imaging businesses (the “Business”). The underfunded position of the U.K. Pension Plan was approximately $1.5 billion. Kodak Limited held a deferred tax asset related to the pension liability of $329 million. As a result of the KPP Global Settlement in the period ended December 31, 2013 and the release from the pension liability to the KPP, Kodak Limited reversed the corresponding deferred tax asset.

During the eight months ended August 31, 2013, Kodak determined that it was more likely than not that a portion of its deferred tax assets outside the U.S. would not be realized due to changes in the business resulting from the KPP Global Settlement and the related sale of the Business. As a result, Kodak recorded a tax provision of $100 million associated with the establishment of a valuation allowance on those deferred tax assets.

Additionally, during the eight months ended August 31, 2013, Kodak determined that it was more likely than not that a portion of the deferred tax assets outside the U.S. would not be realized due to the change in Kodak’s business as a result of restructuring associated with the emergence from bankruptcy and accordingly, recorded a tax provision of $46 million associated with the establishment of a valuation allowance on those deferred tax assets.

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	As of December 31,
(in millions)	2015		2014
Deferred tax assets
Pension and postretirement obligations	$	187	$	221
Restructuring programs		3		5
Foreign tax credit		314		258
Inventories		14		20
Investment tax credit		80		100
Employee deferred compensation		46		43
Depreciation		62		45
Research and development costs		188		232
Tax loss carryforwards		380		355
Other deferred revenue		13		13
Other		112		111
Total deferred tax assets	$	1,399	$	1,403
Deferred tax liabilities
Leasing	$	1	$	7
Goodwill/Intangibles		49		51
Unremitted foreign earnings		121		176
Total deferred tax liabilities		171		234
Net deferred tax assets before valuation allowance		1,228		1,169
Valuation allowance		1,201		1,127
Net deferred tax assets	$	27	$	42

Deferred tax assets (liabilities) are reported in the following components within the Consolidated Statement of Financial Position:

	As of December 31,
(in millions)	2015			2014
Deferred income taxes (current)	$	22		$	31
Deferred income taxes (non-current)		23			38
Other current liabilities		—			(1	)
Other long-term liabilities		(18	)		(26	)
Net deferred tax assets	$	27		$	42

As of December 31, 2015, Kodak had available domestic and foreign net operating loss carry-forwards for income tax purposes of approximately $1,565 million, of which approximately $481 million have an indefinite carry-forward period. The remaining $1,084 million expire between the years 2016 and 2035. As of December 31, 2015, Kodak had unused foreign tax credits and investment tax credits of $314 million and $80 million, respectively, with various expiration dates through 2030. Utilization of post-emergence net operating losses and tax credits may be subject to limitations in the event of significant changes in stock ownership of the Company in the future.

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The undistributed earnings of Kodak’s foreign subsidiaries are not considered permanently reinvested. Kodak has a deferred tax liability (net of related foreign tax credits) of $102 million and $159 million on the foreign subsidiaries’ undistributed earnings as of December 31, 2015 and 2014, respectively. Kodak has recorded a deferred tax liability of $19 million and $17 million for the potential foreign withholding taxes on the undistributed earnings as of December 31, 2015 and 2014, respectively.

Kodak’s valuation allowance as of December 31, 2015 was $1,201 million. Of this amount, $266 million was attributable to Kodak’s net deferred tax assets outside the U.S. of $344 million, and $935 million related to Kodak’s net deferred tax assets in the U.S. of $884 million, for which Kodak believes it is not more likely than not that the assets will be realized.

Kodak’s valuation allowance as of December 31, 2014 was $1,127 million. Of this amount, $315 million was attributable to Kodak’s net deferred tax assets outside the U.S. of $400 million, and $812 million related to Kodak’s net deferred tax assets in the U.S. of $769 million, for which Kodak believes it is not more likely than not that the assets will be realized.

The net deferred tax assets in excess of the valuation allowance of approximately $27 million and $42 million as of December 31, 2015 and December 31, 2014, respectively, relate primarily to net operating loss carry-forwards, certain tax credits, and pension related tax benefits for which Kodak believes it is more likely than not that the assets will be realized.

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Accounting for Uncertainty in Income Taxes

A reconciliation of the beginning and ending amount of Kodak’s liability for income taxes associated with unrecognized tax benefits is as follows:

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Balance as of January 1	$	92		$	106		$	107		$	57
Tax positions related to the current year:
Additions		1			2			—			68
Tax Positions related to prior years:
Additions		—			1			2			1
Reductions		(7	)		(14	)		(3	)		(17	)
Settlements with taxing jurisdictions		—			(1	)		—			(2	)
Lapses in Statute of limitations		(1	)		(2	)		—			—
Balance as of December 31	$	85		$	92		$	106		$	107

Kodak’s policy regarding interest and/or penalties related to income tax matters is to recognize such items as a component of income tax (benefit) expense. Kodak had approximately $21 and $18 million of interest and penalties associated with uncertain tax benefits accrued as of December 31, 2015 and 2014, respectively.

If the unrecognized tax benefits were recognized, they would favorably affect the effective income tax rate in the period recognized. Kodak has classified certain income tax liabilities as current or noncurrent based on management’s estimate of when these liabilities will be settled. The current liabilities are recorded in Other current liabilities in the Consolidated Statement of Financial Position. Noncurrent income tax liabilities are recorded in Other long-term liabilities in the Consolidated Statement of Financial Position.

It is reasonably possible that the liability associated with Kodak’s unrecognized tax benefits will increase or decrease within the next twelve months. These changes may be the result of settling ongoing audits or the expiration of statutes of limitations. Such changes to the unrecognized tax benefits could range from $0 to $10 million based on current estimates. Audit outcomes and the timing of audit settlements are subject to significant uncertainty. Although management believes that adequate provision has been made for such issues, there is the possibility that the ultimate resolution of such issues could have an adverse effect on the earnings of Kodak. Conversely, if these issues are resolved favorably in the future, the related provision would be reduced, thus having a positive impact on earnings.

During 2014, Kodak reached a settlement outside of the U.S. and settled an audit for calendar year 2003. Kodak originally recorded liabilities for uncertain tax positions (“UTPs”) totaling $8 million (plus interest of approximately $2 million). The settlement resulted in a reduction in Other current liabilities and the recognition of a $10 million tax benefit.

During 2013, Kodak paid $2 million associated with the resolution of $17 million of various state and local tax claims that were agreed upon through the bankruptcy process. In addition, Kodak established a $64 million liability for unrecognized tax benefits associated with the Company’s adoption of the Plan of Reorganization.

Kodak is subject to taxation and files income tax returns in the U.S. federal jurisdiction and in many state and foreign jurisdictions. Kodak has substantially concluded all U.S. federal and state income tax matters for years through 2011 with respective tax authorities. With respect to countries outside the U.S., Kodak has substantially concluded all material foreign income tax matters through 2008 with respective foreign tax jurisdiction authorities.

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NOTE 15: RESTRUCTURING COSTS AND OTHER

Kodak recognizes the need to continually rationalize its workforce and streamline its operations in the face of ongoing business and economic changes. Charges for restructuring initiatives are recorded in the period in which Kodak commits to a formalized restructuring plan, or executes the specific actions contemplated by the plan and all criteria for liability recognition under the applicable accounting guidance have been met.

The activity in the accrued balances and the non-cash charges and credits incurred in relation to restructuring programs during the three years ended December 31, 2015 were as follows:

(in millions)	Severance Reserve (5)			Exit Costs Reserve (5)			Long-lived Asset Impairments and Inventory Write- downs (5)			Accelerated Depreciation (5)			Total
Balance as of December 31, 2012 (Predecessor):	$	38		$	45		$	—		$	—		$	83
Eight months charges - continuing operations		38			3			4			4			49
Eight months charges - discontinued operations		3			—			—			—			3
Eight months utilization/cash payments		(48	)		(32	)		(4	)		(4	)		(88	)
Eight months other adjustments & reclasses (1)		(3	)		(9	)		—			—			(12	)
Balance as of August 31, 2013 (Predecessor):	$	28		$	7		$	—		$	—		$	35
Four months charges	$	13		$	3		$	1		$	—		$	17
Four months utilization/cash payments		(15	)		(3	)		(1	)		—			(19	)
Four months other adjustments & reclasses (2)		—			1			—			—			1
Balance as of December 31, 2013 (Successor):		26			8			—			—			34
2014 charges		54			2			3			2			61
2014 utilization/cash payments		(47	)		(5	)		(3	)		(2	)		(57	)
2014 other adjustments & reclasses (3)		(11	)		—			—			—			(11	)
Balance as of December 31, 2014 (Successor):		22			5			—			—			27
2015 charges		33			4			1			8			46
2015 utilization/cash payments		(36	)		(5	)		(1	)		(8	)		(50	)
2015 other adjustments & reclasses (4)		(12	)		—			—			—			(12	)
Balance as of December 31, 2015 (Successor):	$	7		$	4		$	—		$	—		$	11

⁽¹⁾  The $(12) million includes $(5) million for amounts reclassified as Liabilities subject to compromise, $(4) million of severance-related charges for pension plan curtailments, which were reclassified to Pension and other postretirement liabilities and $(3) million of reserve adjustments due to the application of fresh start accounting, which were recorded in Reorganization items.

⁽²⁾  The $1 million represents foreign currency translation adjustments.

⁽³⁾  The $(11) million includes $(8) million of severance related charges for pension plan special termination benefits, which were reclassified to Pension and other postretirement liabilities and $(3) million of foreign currency translation adjustments.

⁽⁴⁾  The $(12) million includes $(9) million of severance related charges for pension plan special termination benefits, which were reclassified to Pension and other postretirement liabilities and $(3) million of foreign currency translation adjustments.

⁽⁵⁾  The severance and exit costs reserves require the outlay of cash, while long-lived asset impairments, accelerated depreciation and inventory write-downs represent non-cash items.

2013 Activity

The $17 million of charges for the four months ended December 31, 2013 were reported as Restructuring costs and other in the accompanying Consolidated Statement of Operations. The $52 million of charges for the eight months ended August 31, 2013 includes $4 million for accelerated depreciation and $2 million for inventory write-downs which were reported in Cost of revenues, $43 million reported as Restructuring costs and other and $3 million which were reported as Earnings (loss) from discontinued operations in the accompanying Consolidated Statement of Operations.

36

The 2013 severance costs related to the elimination of approximately 825 positions, including approximately 500 manufacturing/service, 300 administrative and 25 research and development positions. The geographic composition of these positions included approximately 375 in the U.S. and Canada, and 450 throughout the rest of the world.

Severance payments for these initiatives were substantially completed in 2015. Certain exit costs, such as long-term lease payments, will continue beyond 2015.

2014 Activity

The $61 million of charges for the year ended December 31, 2014 includes $2 million for accelerated depreciation which was reported in Cost of revenues and $59 million which was reported as Restructuring costs and other in the accompanying Consolidated Statement of Operations.

The 2014 severance costs related to the elimination of approximately 775 positions, including approximately 325 manufacturing/service, 350 administrative and 100 research and development positions. The geographic composition of these positions included approximately 425 in the U.S. and Canada, and 350 throughout the rest of the world.

Severance payments for these initiatives will continue through 2016 since, in many instances, the employees whose positions were eliminated can elect or are required to receive their payments over an extended period of time. In addition, certain exit costs, such as long-term lease payments, will continue beyond 2015.

2015 Activity

Restructuring actions taken in 2015 were initiated to reduce Kodak’s cost structure as part of its commitment to drive sustainable profitability and included continued progress toward the Leeds plate manufacturing facility exit, a Kodak Technology Center workforce reduction, and various targeted reductions in service, sales, research and development and other administrative functions.

As a result of these actions, for the year ended December 31, 2015 Kodak recorded $46 million of charges, including $8 million for accelerated depreciation which was reported in Cost of revenues and $38 million which was reported as Restructuring costs and other in the accompanying Consolidated Statement of Operations.

The 2015 severance costs related to the elimination of approximately 600 positions, including approximately 250 manufacturing/service, 250 administrative and 100 research and development positions. The geographic composition of these positions included approximately 275 in the U.S. and Canada, and 325 throughout the rest of the world.

As a result of these initiatives, severance payments will continue through 2016 since, in many instances, the employees whose positions were eliminated can elect or are required to receive their payments over an extended period of time. In addition, certain exit costs, such as long-term lease payments, will be paid throughout 2016 and beyond.

37

Leeds Plate Manufacturing Facility Exit

On March 3, 2014, Kodak announced a plan to exit its prepress plate manufacturing facility located in Leeds, England. This decision was pursuant to Kodak’s initiative to consolidate manufacturing operations globally, and is expected to result in a more efficient delivery of its products and solutions. Kodak began the exit of the facility in the second quarter of 2014, and phased out production at the site in the third quarter of 2015 and expects to complete the exit of the facility by the second quarter of 2016.

As a result of the decision, Kodak currently expects to incur total charges of $25 to $30 million, including approximately $10 million of charges related to separation benefits, $13 to $15 million of non-cash related charges for accelerated depreciation and asset write-offs, and $2 to $5 million in other cash related charges associated with this action.

Kodak incurred severance charges of $7 million, long-lived asset impairment charges of $1 million, accelerated depreciation charges of $8 million and other exit costs of $1 million in the year ended December 31, 2015 under this program.

On a cumulative basis as of December 31, 2015, Kodak has recorded severance charges of $10 million, long-lived asset impairment charges of $3 million, accelerated depreciation charges of $10 million, and other exit costs of $1 million.

NOTE 16: RETIREMENT PLANS

Substantially all U.S. employees are covered by a noncontributory defined benefit plan, the Kodak Retirement Income Plan (“KRIP”), which is funded by Company contributions to an irrevocable trust fund. The funding policy for KRIP is to contribute amounts sufficient to meet minimum funding requirements as determined by employee benefit and tax laws plus any additional amounts the Company determines to be appropriate. Assets in the trust fund are held for the sole benefit of participating employees and retirees. They are composed of corporate equity and debt securities, U.S. government securities, partnership investments, interests in pooled funds, commodities, real estate, and various types of interest rate, foreign currency, debt, and equity market financial instruments.

For U.S. employees hired prior to March 1999 KRIP’s benefits were generally based on a formula recognizing length of service and final average earnings. KRIP included a separate cash balance formula for all U.S. employees hired after February 1999, as well as employees hired prior to that date who opted in to the cash balance formula during a special election period. Effective January 1, 2015 the KRIP was amended to provide that all participants accrue benefits under a single, revised cash balance formula (the “Cash Balance Plan”). The Cash Balance Plan credits employees’ hypothetical accounts with an amount equal to 7% of their pay, plus interest based on the 30-year Treasury bond rate.

Many subsidiaries and branches operating outside the U.S. have defined benefit retirement plans covering substantially all employees. Contributions by Kodak for these plans are typically deposited under government or other fiduciary-type arrangements. Retirement benefits are generally based on contractual agreements that provide for benefit formulas using years of service and/or compensation prior to retirement. The actuarial assumptions used for these plans reflect the diverse economic environments within the various countries in which Kodak operates.

Information on the major funded and unfunded U.S. and Non-U.S. defined benefit pension plans is presented below. The composition of the major plans may vary from year to year. If the major plan composition changes, prior year data is conformed to ensure comparability.

The measurement date used to determine the pension obligation for all funded and unfunded U.S. and Non-U.S. defined benefit plans is December 31.

38

(in millions)	Year Ended December 31, 2015						Year Ended December 31, 2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Change in Benefit Obligation
Projected benefit obligation at beginning of period	$	4,438		$	918		$	4,361		$	960
Transfers		—			—			—			(31	)
Service cost		17			3			18			4
Interest cost		148			17			176			30
Plan amendments		—			—			(61	)		—
Benefit payments		(478	)		(51	)		(339	)		(61	)
Actuarial (gain) loss		(35	)		(24	)		567			119
Settlements		—			—			(292	)		—
Special termination benefits		9			—			8			—
Currency adjustments		—			(63	)		—			(103	)
Projected benefit obligation at end of period	$	4,099		$	800		$	4,438		$	918
Change in Plan Assets
Fair value of plan assets at beginning of period	$	4,160		$	795		$	4,184		$	833
Transfers		—			—			—			(9	)
Gain on plan assets		111			31			607			111
Employer contributions		—			4			—			7
Settlements		—			—			(292	)		—
Benefit payments		(478	)		(51	)		(339	)		(61	)
Currency adjustments		—			(51	)		—			(86	)
Fair value of plan assets at end of period	$	3,793		$	728		$	4,160		$	795
Under Funded Status at end of period	$	(306	)	$	(72	)	$	(278	)	$	(123	)
Accumulated benefit obligation at end of period	$	4,098		$	792		$	4,436		$	907

The Non-US transfers of $31 million of projected benefit obligation and $9 million of assets for the year ended December 31, 2014 relate to a plan split for a subset of participants into a non-major plan.

The settlement amount of $292 million for the U.S. for the year ended December 31, 2014 was a result of lump sum payments from KRIP.

39

Amounts recognized in the Consolidated Statement of Financial Position for all major funded and unfunded U.S. and Non-U.S. defined benefit plans are as follows:

	As of December 31,
(in millions)	2015						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Other long-term assets	$	—		$	39		$	—		$	29
Pension and other postretirement liabilities		(306	)		(111	)		(278	)		(152	)
Net amount recognized	$	(306	)	$	(72	)	$	(278	)	$	(123	)

Information with respect to the major funded and unfunded U.S. and Non-U.S. defined benefit plans with an accumulated benefit obligation in excess of plan assets is as follows:

	As of December 31,
(in millions)	2015				2014
	U.S.		Non-U.S.		U.S.		Non-U.S.
Projected benefit obligation	$	4,099	$	524	$	4,438	$	623
Accumulated benefit obligation		4,098		516		4,436		613
Fair value of plan assets		3,793		412		4,160		471

Amounts recognized in accumulated other comprehensive (loss) income for all major funded and unfunded U.S. and Non-U.S. defined benefit plans consist of:

	As of December 31,
(in millions)	2015						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Prior service credit	$	50		$	4		$	58		$	4
Net actuarial loss		(285	)		(6	)		(159	)		(32	)
Total	$	(235	)	$	(2	)	$	(101	)	$	(28	)

Other changes in plan assets and benefit obligations recognized in Other comprehensive income (expense) are as follows:

	Successor																Predecessor
	Year Ended December 31, 2015					Year Ended December 31, 2014						Four Months Ended December 31, 2013					Eight Months Ended August 31, 2013
(in millions)	U.S.			Non-U.S.		U.S.			Non-U.S.			U.S.			Non-U.S.		U.S.		Non-U.S.
Newly established (loss) gain	$	(126	)	$	25	$	(255	)	$	(46	)	$	97		$	8	$	80	$	78
Newly established prior service credit		—			—		61			—			—			6		—		—
Amortization of:
Prior service (credit) cost		(8	)		—		(3	)		—			—			—		1		—
Net actuarial loss		—			2		—			—			—			—		120		55
Prior service cost recognized due to curtailment		—			—		—			—			—			—		1		1
Net curtailment gain not recognized in expense		—			—		—			—			—			—		20		7
Net loss (gain) recognized in expense due to settlements		—			—		10			—			(11	)		—		—		1,542
Transfers		—			—		—			1			—			—		—		—
Total Income (loss) recognized in Other comprehensive income before fresh start accounting	$	(134	)	$	27	$	(187	)	$	(45	)	$	86		$	14	$	222	$	1,683
Effect of application of fresh start accounting																	$	1,955	$	418

The Company expects to recognize $7 million of prior service credits and $1 million of net actuarial losses as components of net periodic benefit cost over the next year.

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Pension (income) expense for all defined benefit plans included:

	Successor																		Predecessor
(in millions)	Year Ended December 31, 2015						Year Ended December 31, 2014						Four Months Ended December 31, 2013						Eight Months Ended August 31, 2013
	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	$	17		$	3		$	18		$	4		$	7		$	2		$	19		$	6
Interest cost		148			17			176			30			67			10			120			95
Expected return on plan assets		(272	)		(30	)		(295	)		(38	)		(122	)		(14	)		(236	)		(105	)
Amortization of:
Prior service credit		(8	)		—			(3	)		—			—			—			1			—
Actuarial loss		—			2			—			—			—			—			120			55
Pension (income) expense before special termination benefits, curtailments and settlements		(115	)		(8	)		(104	)		(4	)		(48	)		(2	)		24			51
Special termination benefits		9			—			8			—			—			—			—			—
Curtailment (gains) losses		—			—			—			—			—			(1	)		1			1
Settlement (gains) losses		—			—			10			—			(11	)		—			—			114
Net pension (income) expense for major defined benefit plans		(106	)		(8	)		(86	)		(4	)		(59	)		(3	)		25			166
Other plans including unfunded plans		—			4			—			8			—			—			4			19
Net pension (income) expense	$	(106	)	$	(4	)	$	(86	)	$	4		$	(59	)	$	(3	)	$	29		$	185

The pension (income) expense before special termination benefits, curtailments, and settlements reported above for the eight months ended August 31, 2013 includes $38 million which was reported as (Loss) earnings from discontinued operations.

The special termination benefits of $9 million and $8 million for the years ended December 31, 2015 and December 31, 2014, respectively, were incurred as a result of Kodak’s restructuring actions and, therefore, have been included in Restructuring costs and other in the Consolidated Statement of Operations for those periods.

The $114 million of settlement losses for the eight months ended August 31, 2013 were incurred as a result of the Global Settlement, and have been included in (Loss) earnings from discontinued operations in the Consolidated Statement of Operations.

The weighted-average assumptions used to determine the benefit obligation amounts for all major funded and unfunded U.S. and Non-U.S. defined benefit plans were as follows:

	Successor																		Predecessor
	December 31, 2015						December 31, 2014						December 31, 2013						August 31, 2013
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
Discount rate		3.89	%		2.50	%		3.50	%		2.09	%		4.50	%		3.40	%		4.25	%		3.33	%
Salary increase rate		3.37	%		1.91	%		3.34	%		1.95	%		3.37	%		2.74	%		3.39	%		2.77	%

The weighted-average assumptions used to determine net pension (income) expense for all the major funded and unfunded U.S. and Non-U.S. defined benefit plans were as follows:

	Successor																		Predecessor
	Year Ended December 31, 2015						Year Ended December 31, 2014						Four Months Ended December 31, 2013						Eight Months Ended August 31, 2013
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
Discount rate		3.50	%		2.09	%		4.19	%		3.34	%		4.25	%		3.33	%		3.52	%		3.63	%
Salary increase rate		3.34	%		1.95	%		3.37	%		2.62	%		3.39	%		2.77	%		3.40	%		2.79	%
Expected long-term rate of return on plan assets		7.40	%		4.69	%		7.63	%		4.93	%		8.20	%		5.54	%		8.12	%		6.66	%

Plan Asset Investment Strategy

The investment strategy underlying the asset allocation for the pension assets is to achieve an optimal return on assets with an acceptable level of risk while providing for the long-term liabilities, and maintaining sufficient liquidity to pay current benefits and other cash obligations of the plans. This is primarily achieved by investing in a broad portfolio constructed of various asset classes

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including equity and equity-like investments, debt and debt-like investments, real estate, private equity and other assets and instruments. Long duration bonds and Treasury bond futures are used to partially match the long-term nature of plan liabilities. Other investment objectives include maintaining broad diversification between and within asset classes and fund managers, and managing asset volatility relative to plan liabilities.

Every three years, or when market conditions have changed materially, each of Kodak’s major pension plans will undertake an asset allocation or asset and liability modeling study. The asset allocation and expected return on the plans’ assets are individually set to provide for benefits and other cash obligations within each country’s legal investment constraints.

Actual allocations may vary from the target asset allocations due to market value fluctuations, the length of time it takes to implement changes in strategy, and the timing of cash contributions and cash requirements of the plans. The asset allocations are monitored, and are rebalanced in accordance with the policy set forth for each plan.

The total plan assets attributable to the major U.S. defined benefit plans at December 31, 2015 relate to KRIP. The expected long-term rate of return on plan assets assumption (“EROA”) is based on a combination of formal asset and liability studies that include forward-looking return expectations given the current asset allocation. A review of the EROA as of December 31, 2015, based upon the current asset allocation and forward-looking expected returns for the various asset classes in which KRIP invests, resulted in an EROA of 7.4%.

As with KRIP, the EROA assumptions for certain of Kodak’s other pension plans were reassessed as of December 31, 2015. The annual expected return on plan assets for the major non-U.S. pension plans range from 3.0% to 6.5% based on the plans’ respective asset allocations as of December 31, 2015.

Plan Asset Risk Management

Kodak evaluates its defined benefit plans’ asset portfolios for the existence of significant concentrations of risk. Types of concentrations that are evaluated include, but are not limited to, investment concentrations in a single entity, type of industry, foreign country, and individual fund. Foreign currency contracts and swaps are used to partially hedge foreign currency risk. Additionally, Kodak’s major defined benefit pension plans invest in government bond futures and long duration investment grade bonds to partially hedge the liability risk of the plans. As of December 31, 2015 and 2014, there were no significant concentrations (defined as greater than 10% of plan assets) of risk in Kodak’s defined benefit plan assets.

The Company’s weighted-average asset allocations for its major U.S. defined benefit pension plans by asset category, are as follows:

	As of December 31,
	2015			2014			2015 Target
Asset Category
Equity securities		15	%		15	%		12-18	%
Debt securities		35	%		35	%		32-38	%
Real estate		3	%		3	%		2-8	%
Cash and cash equivalents		1	%		3	%		0-6	%
Global balanced asset allocation funds		13	%		14	%		10-20	%
Other		33	%		30	%		25-35	%
Total		100	%		100	%

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The Company’s weighted-average asset allocations for its major Non-U.S. defined benefit pension plans by asset category, are as follows:

	As of December 31,
	2015			2014			2015 Target
Asset Category
Equity securities		3	%		6	%		0-10	%
Debt securities		35	%		27	%		28-38	%
Real estate		0	%		1	%		0-5	%
Cash and cash equivalents		3	%		4	%		0-10	%
Global balanced asset allocation funds		6	%		11	%		0-10	%
Other		53	%		51	%		50-60	%
Total		100	%		100	%

Fair Value Measurements

Kodak’s asset allocations by level within the fair value hierarchy at December 31, 2015 and 2014 are presented in the tables below for Kodak’s major defined benefit plans. Kodak’s plan assets are accounted for at fair value and are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement, with the exception of investments for which fair value is measured using the net asset value per share expedient. Kodak’s assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation of fair value of assets and their placement within the fair value hierarchy levels.

Assets not utilizing the net asset value per share expedient are valued as follows: Equity and debt securities traded on an active market are valued using a market approach based on the closing price on the last business day of the year. Real estate investments are valued primarily based on independent appraisals and discounted cash flow models, taking into consideration discount rates and local market conditions. Cash and cash equivalents are valued utilizing cost approach valuation techniques. Other investments are valued using a combination of market, income, and cost approaches, based on the nature of the investment. Private equity investments are valued primarily based on independent appraisals, discounted cash flow models, cost, and comparable market transactions, which include inputs such as discount rates and pricing data from the most recent equity financing. Insurance contracts are primarily valued based on contract values, which approximate fair value. For investments with lagged pricing, Kodak uses the available net asset values, and also considers expected return, subsequent cash flows and relevant material events.

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Major U.S. Plans

December 31, 2015

	U.S.
(in millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	2	$	—	$	—	$	32	$	34
Equity Securities		—		—		—		571		571
Debt Securities:
Government Bonds		—		—		—		924		924
Investment Grade Bonds		—		382		—		—		382
Real Estate		—		—		34		96		130
Global Balanced Asset Allocation Funds		—		—		—		492		492
Other:
Absolute Return		—		—		—		487		487
Private Equity		—		—		24		744		768
Derivatives with unrealized gains		5		—		—		—		5
	$	7	$	382	$	58	$	3,346	$	3,793

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Major U.S. Plans

December 31, 2014

	U.S.
(in millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	1	$	—	$	—	$	114	$	115
Equity Securities		—		—		—		632		632
Debt Securities:
Government Bonds		—		—		—		989		989
Investment Grade Bonds		—		442		—		—		442
Real Estate		—		—		41		98		139
Global Balanced Asset Allocation Funds		—		—		—		587		587
Other:
Absolute Return		—		—		—		426		426
Private Equity		—		—		28		752		780
Derivatives with unrealized gains		50		—		—		—		50
	$	51	$	442	$	69	$	3,598	$	4,160

For Kodak’s major U.S. defined benefit pension plans, equity investments are invested broadly in U.S. equity, developed international equity, and emerging markets. Fixed income investments are comprised primarily of long duration U.S. Treasuries and investment-grade corporate bonds. Real estate investments primarily include investments in limited partnerships that invest in office, industrial, retail and apartment properties. Private equity investments are primarily comprised of limited partnerships and fund-of-fund investments that invest in distressed investments, venture capital, leveraged buyouts and special situations. Natural resource investments in oil and gas partnerships and timber funds are also included in this category. Absolute return investments are comprised of a diversified portfolio of hedge funds using equity, debt, commodity, and currency strategies held separate from the derivative-linked hedge funds described later in this footnote.

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Major Non-U.S. Plans

December 31, 2015

	Non - U.S.
(in millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	5		$	—	$	—	$	16	$	21
Equity Securities		—			6		—		16		22
Debt Securities:
Government Bonds		—			39		—		117		156
Inflation-Linked Bonds		—			—		—		3		3
Investment Grade Bonds		—			45		—		45		90
Global High Yield & Emerging Market Debt		—			—		—		3		3
Real Estate		—			2		—		—		2
Global Balanced Asset Allocation Funds		—			—		—		47		47
Other:
Absolute Return		—			4		—		8		12
Private Equity		—			—		—		61		61
Insurance Contracts		—			311		—		—		311
Derivatives with unrealized gains		2			—		—		—		2
Derivatives with unrealized losses		(2	)		—		—		—		(2	)
	$	5		$	407	$	—	$	316	$	728

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Major Non-U.S. Plans

December 31, 2014

	Non - U.S.
(in millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	4		$	—	$	—	$	32	$	36
Equity Securities		—			8		—		38		46
Debt Securities:
Government Bonds		—			39		—		114		153
Inflation-Linked Bonds		—			—		—		9		9
Investment Grade Bonds		—			37		—		—		37
Global High Yield & Emerging Market Debt		—			—		—		11		11
Real Estate		—			2		—		—		2
Global Balanced Asset Allocation Funds		—			1		—		90		91
Other:
Absolute Return		—			4		—		7		11
Private Equity		—			—		—		56		56
Insurance Contracts		—			340		—		—		340
Derivatives with unrealized gains		5			—		—		—		5
Derivatives with unrealized losses		(2	)		—		—		—		(2	)
	$	7		$	431	$	—	$	357	$	795

For Kodak’s major non-U.S. defined benefit pension plans, equity investments are invested broadly in local equity, developed international and emerging markets. Fixed income investments are comprised primarily of government and investment grade corporate bonds. Real estate investments primarily include investments in limited partnerships that invest in office, industrial, and retail properties. Private equity investments are comprised of limited partnerships and fund-of-fund investments that invest in distressed investments, venture capital and leveraged buyouts. Absolute return investments are comprised of a diversified portfolio of hedge funds using equity, debt, commodity, and currency strategies held separate from the derivative-linked hedge funds described later in this footnote.

For Kodak’s major defined benefit pension plans, certain investment managers are authorized to invest in derivatives such as futures, swaps, and currency forward contracts. Investments in derivatives are used to obtain desired exposure to a particular asset, index or bond duration and require only a portion of the total exposure to be invested as cash collateral. In instances where exposures are obtained via derivatives, the majority of the exposure value is available to be invested, and is typically invested, in a diversified portfolio of hedge fund strategies that generate returns in addition to the return generated by the derivatives. Of the December 31, 2015 investments shown in the major U.S. plans table above, 10% of the total pension assets represented equity securities exposure obtained via derivatives and are reported in equity securities, and 24% of the total pension assets represented U.S. government bond exposure, at 18 years target duration, obtained via derivatives and are reported in government bonds. Of the December 31, 2014 major U.S. plans investments, 9% and 25% of the total pension assets represented exposures to equity securities and U.S. government bonds (at 18 years target duration), respectively, obtained from the use of derivatives, and are reported in those respective classes.

Of the December 31, 2015 investments shown in the major Non-U.S. plans table above, 0% and 12% of the total pension assets represented derivatives exposures to equity securities and government bonds (at 13 years target duration), respectively, and are reported in those respective classes. Of the December 31, 2014 major Non-U.S. total pension investments, 1% and 9% of the total pension assets represented exposures to equity securities and government bonds (at 25 years target duration), respectively, obtained from the use of derivatives, and are reported in those respective classes.

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The following is a reconciliation of the beginning and ending balances of level 3 assets of Kodak’s major U.S. defined benefit pension plans:

(in millions)
	U.S.
	Balance at January 1, 2015		Net Realized and Unrealized Gains/(Losses)			Net Purchases and Sales			Net Transfer Into/(Out of) Level 3		Balance at December 31, 2015
Real Estate	$	41	$	6		$	(13	)	$	—	$	34
Private Equity		28		1			(5	)		—		24
Total	$	69	$	7		$	(18	)	$	—	$	58
	U.S.
	Balance at January 1, 2014		Net Realized and Unrealized Gains/(Losses)			Net Purchases and Sales			Net Transfer Into/(Out of) Level 3		Balance at December 31, 2014
Real Estate	$	47	$	—		$	(6	)	$	—	$	41
Private Equity		54		(12	)		(14	)		—		28
Total	$	101	$	(12	)	$	(20	)	$	—	$	69

Kodak expects to contribute $4 million in 2016 for the major Non-U.S. defined benefit pension plans and does not expect to make a contribution to KRIP in 2016.

The following pension benefit payments, which reflect expected future service, are expected to be paid:

(in millions)	U.S.		Non-U.S.
2016	$	357	$	47
2017		341		47
2018		331		46
2019		321		46
2020		311		45
2021-2025		1,401		214

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NOTE 17: OTHER POSTRETIREMENT BENEFITS

The Company provided U.S. medical, dental, life insurance, and survivor income benefits to eligible retirees, long-term disability recipients and their spouses, dependents and survivors. Generally, to be eligible for these benefits, former employees leaving the Company prior to January 1, 1996 were required to be 55 years of age with ten years of service or their age plus years of service must have equaled or exceeded 75. For those leaving the Company after December 31, 1995, former employees were required to be 55 years of age with ten years of service or have been eligible as of December 31, 1995. These benefits are paid from the general assets of the Company as they are incurred.

The Company’s subsidiaries in Canada and the U.K. offer similar postretirement benefits. Information on the U.S., Canada and U.K. other postretirement plans is presented below.

On November 7, 2012, the Bankruptcy Court entered an order approving a settlement agreement between the Debtors and the Retiree Committee appointed by the U.S. Trustee which eliminated or reduced certain retiree benefits under the U.S. plan. The Company also eliminated all postretirement benefits for active employees in the U.S.

The measurement date used to determine the net benefit obligation for Kodak’s other postretirement benefit plans is December 31.

Changes in Kodak’s benefit obligation and funded status were as follows:

	Year Ended December 31,
(in millions)	2015			2014
Net benefit obligation at beginning of period	$	86		$	95
Interest cost		3			4
Plan participants’ contributions		7			9
Actuarial (gain) loss		(8	)		2
Benefit payments		(12	)		(18	)
Currency adjustments		2			(6	)
Net benefit obligation at end of period	$	78		$	86
Underfunded status at end of period	$	(78	)	$	(86	)

Amounts recognized in the Consolidated Statement of Financial Position consist of:

	As of December 31,
(in millions)	2015			2014
Other current liabilities	$	(5	)	$	(8	)
Pension and other postretirement liabilities		(73	)		(78	)
	$	(78	)	$	(86	)

Amounts recognized in Accumulated other comprehensive loss consist of:

	As of December 31,
(in millions)	2015			2014
Net actuarial gain	$	(8	)	$	—
Total recorded in Accumulated other comprehensive income	$	(8	)	$	—

Changes in benefit obligations recognized in Other comprehensive (loss) income consist of:

	Year Ended December 31,
(in millions)	2015			2014
Newly established loss	$	(8	)	$	(2	)
Total loss recognized in Other comprehensive (loss) income	$	(8	)	$	(2	)

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Other postretirement benefit cost included:

	Successor						Predecessor
(in millions)	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
Components of net postretirement benefit cost:
Service cost	$	—	$	—	$	—	$	—
Interest cost		3		4		1		3
Amortization of:
Prior service credit		—		—		—		(75	)
Actuarial loss		—		—		—		3
Other postretirement benefit cost (income) from continuing operations	$	3	$	4	$	1	$	(69	)

The weighted-average assumptions used to determine the net benefit obligations were as follows:

	Year Ended December 31,
	2015			2014
Discount rate		3.60	%		3.49	%
Salary increase rate		1.80	%		2.60	%

The weighted-average assumptions used to determine the net postretirement benefit cost were as follows:

	Successor									Predecessor
	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Discount rate		3.49	%		4.28	%		4.09	%		3.23	%
Salary increase rate		2.60	%		2.50	%		2.50	%		2.50	%

The weighted-average assumed healthcare cost trend rates used to compute the other postretirement amounts were as follows:

	2015			2014
Healthcare cost trend		5.81	%		6.47	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)		4.21	%		4.65	%
Year that the rate reaches the ultimate trend rate		2022			2021

Assumed healthcare cost trend rates effect the amounts reported for the healthcare plans. A one-percentage point change in assumed healthcare cost trend rates would have the following effects:

(in millions)	1% increase		1% decrease
Effect on total service and interest cost	$	—	$	—
Effect on postretirement benefit obligation		4		(4	)

Kodak expects to make benefit payments of $5 million to these postretirement benefit plans in 2016.

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The following other postretirement benefits, which reflect expected future service, are expected to be paid:

(in millions)
2016	$	5
2017		5
2018		5
2019		4
2020		4
2021-2025		19

NOTE 18: EARNINGS PER SHARE

Basic earnings per share are calculated using the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share calculations include any dilutive effect of potential common shares. In periods with a net loss from continuing operations, diluted earnings per share are calculated using weighted-average basic shares for that period, as utilizing diluted shares would be anti-dilutive to loss per share.

As a result of the net loss from continuing operations for the years ended December 31, 2015 and December 31, 2014 and four months ended December 31, 2013, Kodak calculated diluted earnings per share using weighted-average basic shares outstanding for those periods. If Kodak had reported earnings from continuing operations for the years ended December 31, 2015 and December 31, 2014 and four months ended December 31, 2013, the following potential shares of its common stock would have been dilutive in the computation of diluted earnings per share:

(in millions of shares)	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013
Unvested share-based awards		0.2		0.1		0.2
Warrants to purchase common shares		0.3		1.5		1.7
Total		0.5		1.6		1.9

The computation of diluted earnings per share for the years ended December 31, 2015 and December 31, 2014 also excluded 0.1 million shares associated with the assumed conversion of outstanding employee stock options because the effects would have been anti-dilutive. There were no employee stock options outstanding for the four months ended December 31, 2013.

The Predecessor Company reported earnings from continuing operations for the eight months ended August 31, 2013. However, the computation of diluted earnings per share for the eight months ended August 31, 2013 excluded the assumed conversion of outstanding employee stock options and detachable warrants to purchase common shares, and approximately $400 million of convertible senior notes due 2017 because the effects would have been anti-dilutive. The following table sets forth the total amount of outstanding employee stock options and detachable warrants to purchase common shares as of August 31, 2013:

	Predecessor
(in millions of shares)	Eight Months Ended August 31, 2013
Employee stock options		7.0
Detachable warrants to purchase common shares		40.0
Total		47.0

NOTE 19: STOCK-BASED COMPENSATION

Kodak’s stock incentive plan is the 2013 Omnibus Incentive Plan (the “2013 Plan”). The 2013 Plan is administered by the Executive Compensation Committee of the Board of Directors.

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Officers, directors and employees of the Company and its consolidated subsidiaries are eligible to receive awards. Stock options are generally non-qualified, are at exercise prices not less than 100% of the per share fair market value on the date of grant and expire seven years after the grant date. Stock-based compensation awards granted under Kodak’s stock incentive plan are generally subject to a three-year vesting period from the date of grant. Unless sooner terminated by the Executive Compensation Committee, no awards may be granted under the 2013 Plan after the tenth anniversary of the Effective Date.

The maximum number of shares of common stock that may be issued under the 2013 Plan is approximately 4.8 million. In addition, under the 2013 Plan, the maximum number of shares available for the grant of incentive stock options is 2.0 million shares. The maximum number of shares as to which stock options or stock appreciation rights may be granted to any one person under the 2013 Plan in any calendar year is 2.0 million shares. The maximum number of performance-based compensation awards that may be granted to any one employee under the 2013 Plan in any calendar year is 1.0 million shares or, in the event such award is paid in cash, $2.5 million. The maximum number of awards that may be granted to any non-employee director under the 2013 Plan in any calendar year may not exceed a number of awards with a grant date fair value of $900,000, computed as of the grant date.

Compensation expense is recognized on a straight-line basis over the service or performance period for each separately vesting tranche of the award and is adjusted for actual forfeitures before vesting. Kodak assesses the likelihood that performance-based shares will be earned based on the probability of meeting the performance criteria. For those performance-based awards that are deemed probable of achievement, expense is recorded, and for those awards that are deemed not probable of achievement, no expense is recorded. Kodak assesses the probability of achievement each quarter.

Restricted Stock Units

Restricted stock units are payable in shares of the Company common stock upon vesting. The fair value is based on the closing market price of the Company’s stock on the grant date. Compensation cost related to restricted stock units was $7 million for the years ended December 31, 2015 and 2014 and $1 million for the four months ending December 31, 2013.

As of December 31, 2015, there was $6 million of unrecognized compensation cost related to restricted stock units. The cost is expected to be recognized over a weighted average period of 1.5 years.

The following table summarizes information about restricted stock unit activity for the year ended December 31, 2015:

	Number of Restricted Stock Units			Weighted-Average Grant Date Fair Values
Outstanding on December 31, 2014		685,430		$	22.15
Granted		387,187		$	14.86
Vested		(237,957	)	$	21.73
Forfeited		(60,115	)	$	15.74
Outstanding on December 31, 2015		774,545		$	19.13

Stock Options

The following table summarizes information about stock option activity for the year ended December 31, 2015:

	Shares Under Option			Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life (Years)
Outstanding on December 31, 2014		781,321		$	22.56
Granted		783,476		$	15.31
Forfeited		(44,002	)	$	20.25
Outstanding on December 31, 2015		1,520,795		$	18.89		6.17
Exercisable on December 31, 2015		273,205		$	22.61		5.73
Expected to vest December 31, 2015		1,247,590		$	18.08		6.27

There was no intrinsic value of options outstanding and exercisable due to the fact that the market price of the Company’s common stock as of December 31, 2015 was below the weighted average exercise price of options. There were no options exercises in 2015.

The weighted average grant date fair value of options granted for the years ended December 31, 2015 and 2014 was $5.94 and $7.74, respectively. The total fair value of options that vested during the year ended December 31, 2015 was $2 million. No options vested during the year ended December 31, 2014 and no options were granted during the four months ended December 31, 2013. Compensation cost related to stock options for the years ended December 31, 2015 and 2014 was $4 million and $1 million, respectively.

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As of December 31, 2015, there was $5 million of unrecognized compensation cost related to stock options. The cost is expected to be recognized over a weighted average period of 1.6 years.

The fair value of each option award is estimated on the date of grant using the Black-Scholes option valuation model that uses the assumptions in the following table. Public trading of the Company’s common stock began on September 23, 2013, providing limited historical data upon which to base assumptions. The expected term of options granted is the period of time the options are expected to be outstanding and is calculated using a simplified method based on the option’s vesting period and original contractual term. The expected volatility was generally based on the historical volatility of a set of publicly-traded benchmark companies, taking into consideration the difference in leverage between the Company and the benchmark companies. The risk-free rate was based on the yield on U.S. Treasury notes with a term equal to the option’s expected term.

The following inputs were used for the valuation of option grants issued in each year:

	For the Years Ended December 31,
	2015	2014
Weighted-average fair value of options granted	$5.94	$7.74
Weighted-average risk-free interest rate	1.46%	1.46%
Range of risk-free interest rates	1.26% - 1.60%	1.39% - 1.51%
Weighted-average expected option lives	4.5 years	4.5 years
Expected option lives	4.5 years	4.5 years
Weighted-average volatility	46%	39%
Range of expected volatilities	40% - 49%	36% - 42%
Weighted-average expected dividend yield	0.0%	0.0%

Stock-based Awards Classified as Liabilities

Kodak will settle a portion of its 2015 incentive compensation plans with a variable amount of common stock based on the stock price at the time of settlement. The plans include minimum performance gates and annual performance metrics for 2015. The amount of incentive compensation to be paid is based on performance against the metrics. The fair value of the awards is determined based on a targeted dollar amount for the expected performance against the plans’ criteria as of the balance sheet date. The actual number of shares to be issued will be determined based on actual results achieved by Kodak, the stock price on the date of issuance and any discretion exercised by the Executive Compensation Committee. The shares will be issued under the 2013 Omnibus Incentive Plan. Stock compensation expense associated with these awards was approximately $6 million for the year ended December 31, 2015.

Predecessor

Prior to the Effective Date, Kodak had shares or share-based awards outstanding under two share-based employee compensation plans consisting of the 2005 Omnibus Long-Term Compensation Plan (the “2005 Plan”), and the 2000 Omnibus Long-Term Compensation Plan (the “2000 Plan”). In conjunction with the Plan (see Note 24, “Emergence from Voluntary Reorganization under Chapter 11 Proceedings”), all shares, options, restricted shares and other share-based awards that were outstanding on the Effective Date were canceled.

Kodak recognized stock-based compensation expense in the amount of $3 million for the eight months ended August 31, 2013. There were no proceeds from the issuance of common stock through stock option plans for the eight months ended August 31, 2013.

NOTE 20: SHAREHOLDERS’ EQUITY

In connection with the Company’s reorganization and emergence from bankruptcy, all shares of the Predecessor Company’s common stock were canceled. The Successor 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. As of December 31, 2015 and December 31, 2014 there were 42.0 million and 41.9 million shares of common stock outstanding, respectively, and no shares of preferred stock issued and outstanding.

On the Effective Date, the Company issued, to the holders of general unsecured claims and the retiree settlement unsecured claim, net-share settled warrants to purchase: (i) 2.1 million shares of common stock at an exercise price of $14.93 and (ii) 2.1 million shares of common stock at an exercise price of $16.12. The warrants are classified as equity instruments and reported within Additional paid in capital in the Consolidated Statement of Financial Position at their fair value as of the Effective Date ($24 million). As of December 31, 2015, there were warrants outstanding to purchase 3.6 million shares of common stock.

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During each of the years ended December 31, 2015 and December 31, 2014, the Company repurchased shares of common stock for approximately $1 million to satisfy tax withholding obligations in connection with the issuance of stock to employees under the 2013 Plan. Treasury stock consisted of approximately 0.3 million shares and 0.2 million shares at December 31, 2015 and December 31, 2014, respectively.

NOTE 21: OTHER COMPREHENSIVE (LOSS) INCOME

The changes in Other comprehensive (loss) income, by component, were as follows:

(in millions)			Successor									Predecessor
			Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Currency translation adjustments			$	(35	)	$	(33	)	$	1		$	4
Reclassification adjustment for losses included in Other charges (net), before tax				2			—			—			—
Reclassification adjustment for losses included in Other charges (net), net of tax				2			—			—			—
Pension and other postretirement benefit plan changes
Newly established prior service credit				4			61			6			—
Newly established net actuarial (loss) gain				(88	)		(278	)		95			393
Tax (benefit) provision				(5	)		7			(3	)		(14	)
Newly established prior service credit and net actuarial (loss) gain, net of tax				(89	)		(210	)		98			379
Reclassification adjustments:
Amortization of prior service credit	(a	)		(8	)		(3	)		—			(75	)
Amortization of actuarial (gains) losses	(a	)		(2	)		1			—			185
Recognition of losses due to settlements and curtailments	(a	)		1			10			—			1,563
Total reclassification adjustments				(9	)		8			—			1,673
Tax (provision)				—			—			—			(448	)
Reclassification adjustments, net of tax				(9	)		8			—			1,225
Pension and other postretirement benefit plan changes, net of tax				(98	)		(202	)		98			1,604
Other comprehensive (loss) income			$	(131	)	$	(235	)	$	99		$	1,608

^(a)  Reclassified to Pension (income) expense - refer to Note 16, “Retirement Plans” and Note 17, “Other Postretirement Benefits” for additional information.

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NOTE 22: ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

Accumulated other comprehensive (loss) income is composed of the following:

	As of December 31,
(in millions)	2015			2014
Currency translation adjustments	$	(67	)	$	(32	)
Available for sale securities		2		$	—
Pension and other postretirement benefit plan changes		(202	)		(104	)
Ending balance	$	(267	)	$	(136	)

NOTE 23: SEGMENT INFORMATION

Effective January 1, 2015, Kodak has seven reportable segments: Print Systems, Enterprise Inkjet Systems, Micro 3D Printing and Packaging, Software and Solutions, Consumer and Film, Intellectual Property Solutions and Eastman Business Park. The balance of Kodak’s continuing operations, which do not meet the criteria of a reportable segment, are reported in All Other. Prior period segment results have been revised to conform to the current period segment reporting structure. A description of the reportable segments follows.

Print Systems: The Print Systems segment is comprised of two lines of business: Prepress Solutions and Electrophotographic Printing Solutions.

Enterprise Inkjet Systems: The Enterprise Inkjet Systems segment is comprised of two lines of business: Commercial Inkjet Printing Solutions and Digital Front-End Controllers.

Micro 3D Printing and Packaging: The Micro 3D Printing and Packaging segment is comprised of two lines of business: Packaging and Micro 3D Printing.

Software and Solutions: The Software and Solutions segment is comprised of two lines of business: Kodak Technology Solutions and Unified Workflow Solutions.

Consumer and Film: The Consumer and Film segment is comprised of three lines of business: Consumer Inkjet Solutions; Motion Picture, Industrial Chemicals and Films, and Consumer Products.

Intellectual Property Solutions: The Intellectual Property Solutions segment includes licensing and research and development activities not directly related to the other segments.

Eastman Business Park: The Eastman Business Park segment includes the operations of the Eastman Business Park, a more than 1,200 acre technology center and industrial complex.

All Other: All Other is composed of Kodak’s consumer film business in countries where that business had not yet transferred ownership to the KPP Purchasing Parties (as defined in Note 15 “Discontinued Operations”) and the RED utilities variable interest entity.

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Segment financial information is shown below. Asset information by segment is not disclosed as this information is not separately identified and reported to the Chief Operating Decision Maker (“CODM”).

Net Revenues from Continuing Operations by Reportable Segment

	Successor						Predecessor
	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
(in millions)
Print Systems	$	1,106	$	1,257	$	485	$	844
Enterprise Inkjet Systems		173		185		83		133
Micro 3D Printing and Packaging		128		130		42		75
Software and Solutions		112		108		39		82
Consumer and Film		265		352		147		371
Intellectual Property Solutions		1		70		9		1
Eastman Business Park		13		14		4		4
All Other		—		—		3		36
Consolidated total	$	1,798	$	2,116	$	812	$	1,546

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 table below, Operational EBITDA represents the income (loss) from continuing operations excluding the provision (benefit) for income taxes; depreciation and amortization expense; corporate components of pension and OPEB income; restructuring costs; stock-based compensation expense; change in U.S. vacation benefits; consulting and other costs; idle costs; indirect costs previously allocated to discontinued operations; other operating (expense) income, net (unless otherwise indicated); loss on early extinguishment of debt; interest expense; other (charges) income, net; reorganization items, net and; in prior periods, the impact of certain fresh start accounting adjustments.

Kodak’s segments are measured using Operational EBITDA both before and after allocation of corporate selling, general and administrative expenses (“SG&A”). The segment earnings measure reported is after allocation of corporate SG&A as this most closely aligns with U.S. GAAP. Research and development activities not directly related to the other segments are reported within the Intellectual Property Solutions segment.

Change in Segment Measure of Profit and Loss

During the third quarter of 2015 a $3 million gain was recognized related to assets that were acquired for no monetary consideration. The gain was reported in Other operating (income) expense, net in the Consolidated Statement of Operations. Other operating (income) expense, net is typically excluded from the segment measure. However, this particular gain was included in the Micro 3D Printing and Packaging segment’s earnings for the year ended 2015. No other periods were impacted by this change.

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Segment Operational EBITDA and Consolidated Loss from Continuing Operations Before Income Taxes

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Print Systems	$	98		$	93		$	38		$	32
Enterprise Inkjet Systems		(26	)		(44	)		(15	)		(34	)
Micro 3D Printing and Packaging (5)		9			(1	)		—			(3	)
Software & Solutions		9			3			(1	)		(11	)
Consumer & Film		52			66			34			127
Intellectual Property Solutions		(22	)		40			(2	)		(19	)
Eastman Business Park		2			1			4			1
Total of reportable segments		122			158			58			93
All Other		5			5			4			5
Depreciation and amortization		(145	)		(199	)		(75	)		(97	)
Corporate components of pension and OPEB income (1)		133			110			67			43
Restructuring costs and other		(38	)		(59	)		(17	)		(45	)
Stock-based compensation		(18	)		(8	)		(1	)		(3	)
Change in U.S. vacation benefits (4)		17			—			—			—
Consulting and other costs (2)		(13	)		(6	)		(2	)		—
Idle costs (3)		(3	)		(4	)		—			1
Costs previously allocated to discontinued operations		(1	)		(4	)		(5	)		(35	)
Fresh start adjustments		—			—			(73	)		—
Other operating (expense) income, net excluding gain related to Unipixel termination (5)		(5	)		(9	)		(2	)		495
Loss on early extinguishment of debt, net		—			—			—			(8	)
Interest expense		(63	)		(62	)		(22	)		(106	)
Other charges, net		(21	)		(21	)		10			(13	)
Reorganization items, net		(5	)		(13	)		(16	)		2,026
Consolidated (loss) earnings from continuing operations before income taxes	$	(35	)	$	(112	)	$	(74	)	$	2,356

⁽¹⁾  Composed of interest cost, expected return on plan assets, amortization of actuarial gains and losses, and curtailments and settlement components of pension and other postretirement benefit expenses.

⁽²⁾  Consulting and other costs are primarily related to professional services provided for corporate strategic initiatives in the current year periods. The prior year periods primarily represent the cost of AlixPartners filling interim executive positions which are not captured within “Reorganization items, net” as well as consulting services provided by former executives during transitional periods.

⁽³⁾  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.

⁽⁴⁾  In the fourth quarter of 2015, Kodak changed the timing of when U.S. employees earn their vacation benefits which reduced the related accrual as of December 31, 2015.

⁽⁵⁾  In 2015 a $3 million gain was recognized related to assets that were acquired for no monetary consideration as a part of the termination of the relationship with Unipixel. The gain was reported in Other operating (income) expense, net in the Consolidated Statement of Operations. Other operating (income) expense, net is typically excluded from the segment measure. However, this particular gain was included in the Micro 3D Printing and Packaging segment’s earnings in 2015.

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Amortization and depreciation expense by segment are not included in the segment measure of profit and loss but are regularly provided to the CODM.

(in millions)	Successor						Predecessor
Intangible asset amortization expense from continuing operations:	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
Print Systems	$	9	$	9	$	3	$	6
Enterprise Inkjet Systems		4		4		1		2
Micro 3D Packaging & Printing		9		9		3		1
Software & Solutions		2		2		1		1
Consumer & Film		1		1		—		—
Consolidated total	$	25	$	25	$	8	$	10

(in millions)	Successor						Predecessor
Depreciation expense from continuing operations:	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
Print Systems	$	39	$	51	$	19	$	34
Enterprise Inkjet Systems		12		12		5		8
Micro 3D Packaging & Printing		6		8		3		4
Software & Solutions		1		2		1		2
Consumer & Film		30		65		23		23
Intellectual Property Solutions		2		8		4		2
Eastman Business Park		6		11		7		7
Sub-total		96		157		62		80
Other		16		15		5		3
Restructuring-related depreciation		8		2		—		4
Consolidated total	$	120	$	174	$	67	$	87

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Geographic Information

(in millions)	Successor						Predecessor
Net sales to external customers attributed to (1):	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
The United States	$	622	$	751	$	243	$	519
Europe, Middle East and Africa		597		727		287		548
Asia Pacific		402		451		207		330
Canada and Latin America		177		187		75		149
Non U.S. countries total		1,176		1,365		569		1,027
Consolidated total	$	1,798	$	2,116	$	812	$	1,546

⁽¹⁾  Sales are reported in the geographic area in which they originate. No non-U.S. country generated more than 10% of net sales in the years ended December 31, 2015 and December 31, 2014, four months ended December 31, 2013 or eight months ended August 31, 2013.

(in millions)	As of December 31,
Property, plant and equipment, net located in:	2015		2014		2013
The United States	$	217	$	271	$	378
Europe, Middle East and Africa		55		68		91
Asia Pacific		76		75		83
Canada and Latin America		78		110		132
Non U.S. countries total (1)		209		253		306
Consolidated total	$	426	$	524	$	684

⁽¹⁾  Of the total non U.S. property, plant and equipment in 2015, $64 million are located in Brazil and $60 million are located in China. Of the total non U.S. property, plant and equipment in 2014, $95 million are located in Brazil and $59 million are located in China. Of the total non U.S. property, plant and equipment in 2013, $113 million are located in Brazil. No other non U.S. country had greater than 10% of property, plant and equipment in 2015, 2014 or 2013.

Major Customers

No single customer represented 10% or more of Kodak’s total net revenue in any year presented.

NOTE 24: EMERGENCE FROM VOLUNTARY REORGANIZATION UNDER CHAPTER 11 PROCEEDINGS

PLAN OF REORGANIZATION

On August 23, 2013, the Bankruptcy Court entered an order (the “Confirmation Order”) confirming the revised First Amended Joint Chapter 11 Plan of Reorganization of Eastman Kodak Company and its Debtor Affiliates (the “Plan”). On September 3, 2013 (the “Effective Date”), the Plan became effective and the Debtors emerged from the Chapter 11 Cases.

On or following the Effective Date and pursuant to the terms of the Plan, the following occurred:

• The Debtors’ obligations under the second lien notes indentures, unsecured notes indentures, stock certificates, equity interests, and / or any other instrument or document directly or indirectly evidencing or creating any indebtedness or obligation of, or ownership interest in, the Debtors or giving rise to any claim or equity interest were cancelled, except as provided under the Plan;

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• The Company’s certificate of incorporation was amended and restated to authorize the issuance of 560 million shares of stock, consisting of 60 million shares of preferred stock, no par value, and 500 million shares of common stock, par value $0.01 per share;

• The Company entered into a senior secured first lien term loan agreement and senior secured second lien term loan agreement for an aggregate principal amount of $695 million and a $200 million senior secured asset-based revolving credit facility;

• The Company issued 34 million shares of common stock to unsecured creditors and the Backstop Parties (as defined below) at a per share price of $11.94, for an aggregate purchase price of approximately $406 million. In addition, the Company issued 1.7 million shares of common stock to the Backstop Parties in payment of fees pursuant to the Backstop Commitment Agreement (as defined below);

• The Company issued 6 million shares of common stock and net-share settled warrants to purchase: (i) approximately 2.1 million shares of new common stock at an exercise price of $14.93 and (ii) approximately 2.1 million shares of new common stock at an exercise price of $16.12, to the holders of general unsecured and retiree committee unsecured claims;

• The Debtors established a liquidating trust (the “Kodak GUC Trust”) for the benefit of holders of general unsecured and retiree committee unsecured claims, into which certain avoidance actions of the Debtors were transferred;

• The Debtors paid approximately $94 million in administrative, priority or secured claims; and

• The Debtors resolved claims held by the Kodak Pension Plan of the United Kingdom (the “U.K. Pension Plan”) pursuant to the terms of the Global Settlement (as defined below).

Backstop Commitment Agreement and Rights Offering

On June 26, 2013, the Bankruptcy Court approved the Company’s entry into a backstop commitment agreement (the “Backstop Commitment Agreement”) with GSO Capital Partners LP, on behalf of various managed funds, BlueMountain Capital Management, LLC, on behalf of various managed funds, George Karfunkel, United Equities Commodities Company, Momar Corporation and Contrarian Capital Management, LLC, on behalf of Contrarian Funds, LLC (collectively, the “Backstop Parties”), associated with rights offerings to offer eligible creditors, including the Backstop Parties, up to 34 million shares of common stock for the per share purchase price of $11.94, or an aggregate purchase price of approximately $406 million.

A portion of the shares issued in the rights offerings are restricted securities for purposes of Rule 144 under the Securities Act of 1933 and may not be offered, sold or otherwise transferred absent registration under the Securities Act of 1933 or an applicable exemption from registration requirements. The shares issued to participants in the rights offerings were issued in reliance upon the exemption from registration under the Securities Act of 1933 provided by Regulation D thereunder and/or Section 4(a)(2) thereof; or under Section 1145 of the Bankruptcy Code as securities of a debtor issued principally in exchange for claims against a debtor and partly in exchange for cash pursuant to a plan of reorganization.

Registration Rights Agreement

On the Effective Date, the Company and the Backstop Parties executed a registration rights agreement (the “Registration Rights Agreement”). The Registration Rights Agreement, among other rights, provides the Backstop Parties with certain registration rights with respect to the common stock.

Stockholders holding registrable securities representing 25% of the outstanding common stock as of the Effective Date may require the Company to facilitate a registered offering of registrable securities; provided that if such registration has not been consummated prior to the second anniversary of the Effective Date, stockholders holding registrable securities representing 10% of the outstanding common stock as of the Effective Date may require the Company to facilitate such an offering (such offering, the “Initial Registration”). The registrable securities requested to be sold in the Initial Registration must have an aggregate market value of at least $75 million.

Following the Initial Registration, stockholders holding 10% or more of the outstanding registrable securities may demand that the Company file a shelf registration statement and effectuate one or more takedowns off of such shelf, or, if a shelf is not available, effectuate one or more stand-alone registered offerings, provided that such non-shelf registered offerings or shelf takedowns may not be requested more than four times and, in each case, shall include shares having an aggregate market value of at least $75 million. Beginning on the second anniversary of the Effective Date, upon request of a stockholder, the Company shall amend its existing shelf registration statement to register additional registrable securities as set forth in the Registration Rights Agreement. Stockholders also have the right to include their registrable securities in the Initial Registration or any other non-shelf registered offering or shelf takedown of the common stock by the Company for its own account or for the account of any holders of common stock.

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KPP Global Settlement

The Company had previously issued (pre-petition) a guarantee to Kodak Limited (the “Subsidiary”) and KPP Trustees Limited (“KPP” or the “Trustee”), as trustee for the U.K. Pension Plan. Under that arrangement, EKC guaranteed to the Subsidiary and the Trustee the ability of the Subsidiary, only to the extent it became necessary to do so, to (1) make contributions to the U.K. Pension Plan to ensure sufficient assets existed to make plan benefit payments, as they became due, if the Subsidiary otherwise would not have sufficient assets and (2) make contributions to the U.K. Pension Plan such that it would achieve fully funded status by the funding valuation for the period ending December 31, 2022.

The Subsidiary agreed to make certain contributions to the U.K. Pension Plan as determined by a funding plan agreed to by the Trustee. The Subsidiary did not pay the annual contributions due by the funding plan for 2012 or 2013. The Trustee asserted an unsecured claim against the Company of approximately $2.8 billion under the guarantee. The Subsidiary also asserted an unsecured claim under the guarantee for an unliquidated amount. The Trustee also asserted an unliquidated claim against all Debtors, as financial support direction and contribution notice claims.

On April 26, 2013, Eastman Kodak Company, the Trustee, Kodak Limited and certain other Kodak entities entered into a global settlement agreement (the “Global Settlement”) that resolved all liabilities of Kodak with respect to the U.K. Pension Plan. The Global Settlement also provided for the acquisition by KPP and/or its subsidiaries of certain assets, and the assumption by KPP and/or its subsidiaries of certain liabilities of Kodak’s Personalized Imaging and Document Imaging businesses (together the “Business”) under a Stock and Asset Purchase Agreement dated April 26, 2013 (the “SAPA”).

On August 30, 2013, the Company entered into an agreement (the “Amended SAPA”) amending and restating the SAPA. The Amended SAPA provided for, among other things, a series of deferred closings to take place in certain foreign jurisdictions following the initial closing under the Amended SAPA. The deferred closings implemented the legal transfer of the Business to KPP subsidiaries in the deferred closing foreign jurisdictions in accordance with local law. Pursuant to the Amended SAPA, Kodak operated the Business relating to the deferred closing jurisdictions, subject to certain covenants, until the applicable deferred closing occurred, and delivered to (or received from) a KPP subsidiary at each deferred closing a payment reflecting the actual economic benefit (or detriment) to the Business in the applicable deferred closing jurisdiction(s) from September 1, 2013 through the time of the applicable deferred closing. Up to the time of the deferred closing, the results of the operations of the Business were reported as Loss (earnings) from discontinued operations, net of income taxes in the Consolidated Statement of Operations and the assets and liabilities of the Business were categorized as Assets held for sale or Liabilities held for sale in the Consolidated Statement of Financial Position, as appropriate.

On the Effective Date, the following occurred pursuant to the Amended SAPA and Global Settlement:

• The acquisition by KPP Holdco Limited (“KPP Holdco”), a wholly owned subsidiary of KPP, and certain direct and indirect subsidiaries of KPP Holdco (together with KPP Holdco, the “KPP Purchasing Parties”), of certain assets of the Business, and the assumption by the KPP Purchasing Parties of certain liabilities of the Business, for a total purchase price, exclusive of the assumption of liabilities, of $650 million, of which a gross $525 million was paid in cash (net cash consideration of $325 million) and the balance of which was settled by a $125 million note issued by the KPP (the “KPP Note”).

• The KPP Note was cancelled after being assigned by the Company to the Subsidiary and subsequently assigned by the Subsidiary to KPP as settlement, by way of setoff, of an equal amount of outstanding pension liabilities of the Subsidiary to KPP.

• The cash consideration was comprised of $325 million sourced from assets of the U.K. Pension Plan and $200 million sourced from a payment by the Subsidiary to KPP as payment for outstanding pension liabilities of the Subsidiary to KPP.

• Up to $35 million in aggregate of the purchase price is subject to repayment to KPP if the Business does not achieve certain annual adjusted EBITDA targets over the four-year period ending December 31, 2018.

SECTION 363 ASSET SALES

On February 1, 2013, Kodak entered into a series of agreements related to the monetization of certain of its intellectual property assets, including the sale of its digital imaging patents. Under these agreements, Kodak received approximately $530 million, a portion of which was paid by twelve licensees that received a license to the digital imaging patent portfolio and other patents owned by Kodak. Another portion was paid by Intellectual Ventures Fund 83 LLC (“Intellectual Ventures”) and Apple, Inc., each of which acquired a portion of the digital imaging patent portfolio, subject to the licenses granted to the twelve new licensees, and previously existing licenses. In addition, Kodak retained a license to the digital imaging patents for its own use. In connection with this transaction, the Company entered into a separate agreement with FUJIFILM Corporation (“Fuji”) whereby, among other things, Fuji granted Kodak the right to sub-license certain Fuji patents to businesses Kodak ultimately sold as part of the Plan. The Debtors also agreed to allow Fuji a general unsecured claim against the Debtors in the amount of $70 million that was discharged pursuant to the terms of the Plan.

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EASTMAN BUSINESS PARK SETTLEMENT AGREEMENT

On June 17, 2013, the Company, the New York State Department of Environmental Conservation and the New York State Urban Development Corporation, d/b/a Empire State Development entered into a settlement agreement, subsequently amended on August 6, 2013 (the “Amended EBP Settlement Agreement”). The Amended EBP Settlement Agreement was subject to the satisfaction or waiver of certain conditions including a covenant not to sue from the EPA. On May 13, 2014, the Bankruptcy Court approved the U.S. Environmental Settlement, which contained the EPA covenant not to sue, and on May 20, 2014 the Amended EBP Settlement Agreement was implemented and became effective. The Amended EBP Settlement Agreement included the settlement of certain of the Company’s historical environmental liabilities at EBP through the establishment of the EBP Trust as follows: (i) the EBP Trust is responsible for investigation and remediation at EBP arising from the Company’s historical subsurface environmental liabilities in existence prior to the effective date of the Amended EBP Settlement Agreement, (ii) the Company funded the EBP Trust on the effective date with a $49 million cash payment and transferred certain equipment and fixtures used for remediation at EBP and (iii) in the event the historical liabilities exceed $99 million, the Company will become liable for 50% of the portion above $99 million. Prior to the implementation of the Amended EBP Settlement Agreement, $49 million was already held in a separate trust and escrow account.

OTHER POSTEMPLOYMENT BENEFITS

On November 7, 2012, the Bankruptcy Court entered an order approving a settlement agreement between the Debtors and the Official Committee of Retired Employees appointed by the U.S. Trustee under the chapter 11 proceedings (the “Retiree Committee”). Under the settlement agreement, the Debtors no longer provide retiree medical, dental, life insurance and survivor income benefits to current and future retirees after December 31, 2012 (other than COBRA continuation coverage of medical and/or dental benefits or conversion coverage as required by applicable benefit plans or applicable law), and the Retiree Committee established a trust from which some limited benefits for some retirees may be provided after December 31, 2012. The trust or related account was funded by the following contributions from the Debtors: $7.5 million in cash paid by the Company in the fourth quarter of 2012, an administrative claim against the Debtors in the amount of $15 million that was paid on the Effective Date, and a general unsecured claim against the Debtors in the amount of $635 million that was discharged upon emergence from chapter 11 pursuant to the terms of the Plan.

RETIREES’ SETTLEMENT

The Debtors’ estimated allowed claims for pre-petition obligations for the Kodak Excess Retirement Income Plan (the “KERIP”), the Kodak Unfunded Retirement Income Plan (the “KURIP”), the Kodak Company Global Pension Plan for International Employees, and individual letter agreements with certain current and former employees that provided for supplemental non-qualified pension benefits were reported as Liabilities subject to compromise in the accompanying Consolidated Statement of Financial Position.

On April 30, 2013, Eastman Kodak Retirees Association Ltd. and certain holders of KERIP and KURIP claims (together with the Debtors, the “Settlement Parties”) filed a motion (the “Motion”) requesting that the Bankruptcy Court appoint a committee pursuant to section 1102(a)(2) of the Bankruptcy Code, to represent the interests of the holders of the KERIP and KURIP claims, and asserted that they and certain other holders of the KERIP and KURIP claims disagreed with the underlying discount rates and mortality tables used by the Debtors to calculate the KERIP and KURIP estimated allowed claim amounts. Subsequent to the filing of the Motion, the Settlement Parties entered into a stipulation (the “Stipulation”) approved by an order of the Bankruptcy Court, which became effective on July 18, 2013, for a total allowed claim of approximately $244 million. During August 2013 a provision for expected allowed claims of approximately $27 million was reflected in Reorganization Items, net in the accompanying Consolidated Statement of Operations to increase the recorded liability to what was ultimately agreed to in the Stipulation.

On the Effective Date, the claim was discharged upon emergence pursuant to the terms of the Plan.

NOTE 25: FRESH START ACCOUNTING

In connection with the Company’s emergence from chapter 11, Kodak applied the provisions of fresh start accounting to its financial statements as (i) the holders of existing voting shares of the Predecessor Company received less than 50% of the voting shares of the emerging entity and (ii) the reorganization value of Kodak’s assets immediately prior to confirmation was less than the post-petition liabilities and allowed claims. Kodak applied fresh start accounting as of September 1, 2013.

Upon the application of fresh start accounting, Kodak allocated the reorganization value to its individual assets based on their estimated fair values. Reorganization value represents the fair value of the Successor Company’s assets before considering liabilities. The excess reorganization value over the fair value of identified tangible and intangible assets is reported as goodwill.

Reorganization Value

In support of the Plan, the enterprise value of the Successor Company was estimated to be in the range of $875 million to $1.4 billion. As part of determining the reorganization value, Kodak estimated the enterprise value of the Successor Company to be $1 billion utilizing the guideline public company method and discounted cash flow method.

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To estimate fair value utilizing the guideline public company method, Kodak applied valuation multiples, derived from the operating data of publicly-traded benchmark companies, to the same operating data of Kodak. The comparable public company analysis identified a group of comparable companies giving consideration to lines of business and markets served, size and geography. The valuation multiples were derived based on projected financial measures of revenue and earnings before interest, taxes, depreciation and amortization (“EBITDA”) and applied to projected operating data of Kodak. The range of multiples for the comparable companies was between .2x-.9x of revenue and 2.5x-8.0x of EBITDA.

To estimate fair value utilizing the discounted cash flow method, Kodak established an estimate of future cash flows for the period ranging from September 1, 2013 to December 31, 2022 and discounted the estimated future cash flows to present value. The expected cash flows for the period September 1, 2013 to December 31, 2017 were based on the financial projections and assumptions utilized in the disclosure statement. The expected cash flows for the period January 1, 2018 to December 31, 2022 were derived from earnings forecasts and assumptions regarding growth and margin projections, as applicable. A terminal value was included, calculated using the constant growth method, based on the cash flows of the final year of the forecast period.

The discount rate of 29% was estimated based on an after-tax weighted average cost of capital (“WACC”) reflecting the rate of return that would be expected by a market participant. The WACC also takes into consideration a company specific risk premium reflecting the risk associated with the overall uncertainty of the financial projections used to estimate future cash flows.

As the valuation approaches produced comparable ranges of enterprise value, Kodak selected equal weighting of the guideline public company method and discounted cash flow method to estimate the enterprise value.

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The following table reconciles the enterprise value to the estimated fair value of Successor common stock as of the Effective Date:

(in millions, except share and per share value)
Enterprise value	$	1,000
Plus: Cash and cash equivalents		898
Less: Other non-operating liabilities		18
Less: Fair value of debt and capitalized lease obligations		734
Less: Fair value of pension and other postretirement obligations		533
Less: Fair value of warrants		24
Fair value of Successor common stock	$	589
Shares outstanding at September 3, 2013		41,753,211
Per share value	$	14.11

The fair value of debt and capitalized lease obligations represents $44 million of short term borrowings, $14 million of capitalized lease obligations and $676 million of long-term debt. The fair value of long-term debt was determined based on a market approach utilizing market yields and was estimated to be approximately 97% of par value. The fair value of capitalized lease obligations was determined based on market rents while the fair value of short term debt approximated its carrying value.

The fair value of pension and other post retirement obligations was determined based on a discounted cash flow method of expected cash contributions/benefit payments for the period of September 1, 2013 to December 31, 2099. The expected cash contributions were discounted to present value using a discount rate of 3.5%.

The fair value of the warrants was estimated using a Black-Scholes pricing model with the following assumptions: implied stock price of $14.11; strike price of $14.93 for 125% warrants and $16.12 for 135% warrants; expected volatility of 47% for 125% warrants and 48% for 135% warrants; expected dividend rate of 0.0%; risk free interest rate of 1.67%; expiration date of five years.

The following table reconciles the enterprise value to the estimated reorganization value as of the Effective Date:

(in millions)
Enterprise value	$	1,000
Plus: Cash and cash equivalents		898
Plus: Fair value of noncontrolling interests		10
Plus: Fair value of non-debt liabilities		2,088
Less: Fair value of pension and other postretirement obligations		533
Reorganization value of Successor assets	$	3,463

The fair value of non-debt liabilities represents total liabilities of the Successor Company on the Effective Date less Short term borrowings and current portion of long-term debt, Long-term debt, net of current portion, $14 million in capital lease obligations and $18 million in other non-operating liabilities.

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Consolidated Statement of Financial Position

The adjustments set forth in the following consolidated Statement of Financial Position reflect the effect of the consummation of the transactions contemplated by the Plan (reflected in the column “Reorganization Adjustments”) as well as fair value adjustments as a result of the adoption of fresh start accounting (reflected in the column “Fresh Start Adjustments”). The explanatory notes highlight methods used to determine fair values or other amounts of the assets and liabilities as well as significant assumptions or inputs.

(in millions)	Predecessor Company (a)			Reorganization Adjustments			Fresh Start Adjustments			Successor Company
ASSETS
Current Assets
Cash and cash equivalents	$	1,070		$	(172	) (1)	$	—		$	898
Restricted cash		24			98	(2)		—			122
Receivables, net		492			—			—			492
Inventories, net		435			—			67	(21)		502
Assets held for sale		109			—			8	(22)		117
Other current assets		77			8	(3)		(42	) (23)		42
					(1	) (4)
Total current assets		2,207			(67	)		33			2,173
Property, plant & equipment, net		507			—			220	(24)		727
Goodwill		56			—			32	(25)		88
Intangible assets, net		43			—			192	(26)		235
Deferred income taxes		22			(21	) (3)		55	(23)		56
Other long-term assets		202			15	(5)		(26	) (27)		184
					8	(6)		(8	) (28)
					(8	) (7)		1	(29)
TOTAL ASSETS	$	3,037		$	(73	)	$	499		$	3,463
LIABILITIES AND EQUITY (DEFICIT)
Current Liabilities
Accounts payable, trade	$	317		$	6	(8)	$	—		$	339
					3	(9)
					13	(10)
Short-term borrowings and current portion of long-term debt		681			(641	) (11)		—			44
					4	(12)
Other current liabilities		600			(17	) (13)		(8	) (30)		586
					(13	) (3)		(14	) (29)
					38	(14)
Liabilities held for sale		45			—			(3	) (22)		42
Total current liabilities		1,643			(607	)		(25	)		1,011
Long-term debt, net of current portion		370			(370	) (15)		11	(31)		676
					665	(16)
Pension and other postretirement liabilities		411			156	(17)		178	(29)		745
Other long-term liabilities		318			61	(17)		82	(23)		408
								(53	) (32)
Liabilities subject to compromise		2,475			(2,475	) (17)		—			—
Total liabilities		5,217			(2,570	)		193			2,840
Equity (Deficit)
Common stock (Successor)		—			—	(18)		—			—
Additional paid in capital (Successor)		—			540	(18)		73	(33)		613
Common stock (Predecessor)		978			(978	) (19)		—			—
Additional paid in capital (Predecessor)		1,105			(1,105	) (19)		—			—
Retained earnings (deficit)		2,446			(1,671	) (20)		(775	) (34)		—
Accumulated other comprehensive loss		(1,008	)		—			1,008	(34)		—
		3,521			(3,214	)		306			613
Less: Treasury stock (Predecessor)		(5,711	)		5,711	(19)		—			—
Total Eastman Kodak Company shareholders’ (deficit) equity		(2,190	)		2,497			306			613
Noncontrolling interests		10			—			—			10
Total equity (deficit)		(2,180	)		2,497			306			623
TOTAL LIABILITIES AND EQUITY (DEFICIT)	$	3,037		$	(73	)	$	499		$	3,463

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(a) On the Effective Date, Kodak completed the sale of substantially all of its assets constituting the Personalized Imaging and Document Imaging businesses to KPP Holdco Limited. This transaction has been reflected in the Predecessor Company period. Refer to Note 27, “Discontinued Operations” for additional information.

Reorganization adjustments

⁽¹⁾  Reflects the net cash payments recorded as of the Effective Date from implementation of the Plan:

(in millions)
Sources:
Net proceeds from Emergence Credit Facilities	$	664
Proceeds from Rights Offerings		406
Total sources			$	1,070
Uses:
Repayment of Junior DIP Term Loans	$	644
Repayment of Second Lien Notes		375
Claims paid at emergence		94
Funding of escrow accounts		113
Other fees and expenses		16
Total uses				1,242
Net uses			$	(172	)

Other fees and expenses represent $7 million payment for accrued and unpaid interest related to the repayment of debt and $9 million payment for emergence and success fees, which is included in Reorganization items, net in the Consolidated Statement of Operations.

⁽²⁾  Reflects the funding of $80 million to the professional fee escrow account for professional fees accrued at emergence and $18 million related to the EBP Settlement Agreement. Refer to Note 24, “Emergence from Voluntary Reorganization under Chapter 11 Proceedings” for additional information regarding the EBP Settlement Agreement.

⁽³⁾  Reflects the expiration of tax attributes, which was fully offset by a corresponding decrease in Kodak’s U.S. valuation allowance, as a result of the Debtors’ emergence from chapter 11 bankruptcy proceedings. Refer to Note 14, “Income Taxes” for additional information.

⁽⁴⁾  Represents the write-off of unamortized debt issuance costs of $1 million related to the Junior DIP Credit Agreement upon repayment in full of all outstanding term loans on the Effective Date. This amount has been included in Reorganization items, net in the Consolidated Statement of Operations.

⁽⁵⁾  Represents the funding of $15 million in cash collateralization for letters of credit under the ABL Credit Facility.

⁽⁶⁾  Represents $8 million of debt issuance costs incurred related to the Emergence Credit Facilities.

⁽⁷⁾  Represents the write-off of $5 million of deferred debt issuance costs upon repayment in full of all loans outstanding under the 9.75% senior secured notes due 2018 and 10.625% senior secured notes due 2019 and the write-off of $3 million of deferred equity issuance costs. These amounts have been included in Reorganization items, net in the Consolidated Statement of Operations.

⁽⁸⁾  Represents $6 million in claims expected to be satisfied in cash that were reclassified from Liabilities subject to compromise.

⁽⁹⁾  Represents $3 million of accrued expenses related to the Emergence Credit Facilities that have been deferred and recorded as part of Other Current assets.

⁽¹⁰⁾  Represents $13 million in success fees accrued upon emergence that have been included in Reorganization items, net in the Consolidated Statement of Operations.

⁽¹¹⁾  On the Effective Date, the Company repaid in full all term loans outstanding under the Junior DIP Credit Agreement for an aggregate remaining principal amount of approximately $644 million offset by $3 million of unamortized debt discount that was written off upon repayment of the debt and is included in Reorganization items, net in the Consolidated Statement of Operations.

⁽¹²⁾  Represents $4 million of principal amount recorded as short-term borrowings pursuant to the terms of the Emergence Credit Facility.

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⁽¹³⁾  On the Effective Date, the Company paid $7 million of accrued and unpaid interest related to the repayment of debt and $10 million in administrative claims that was included within Other current liabilities.

⁽¹⁴⁾  Represents $29 million in claims expected to be settled in cash and $9 million of liabilities that have been retained by Kodak in accordance with the Plan that have been reclassified from Liabilities subject to compromise.

⁽¹⁵⁾  On the Effective Date, the Company repaid in full all loans outstanding under the 9.75% senior secured notes due 2018 and 10.625% senior secured notes due 2019 for an aggregate principal amount of approximately $375 million offset by $5 million of unamortized debt discount that was written off upon repayment of the debt and is included in Reorganization items, net in the Consolidated Statement of Operations.

⁽¹⁶⁾  Upon issuance of the Term Loans under the Emergence Credit Facility, the Company received net proceeds of approximately $669 million, of which $4 million of the principal amount of the loans is recorded as short-term borrowings pursuant to the terms of the Emergence Credit Facility.

⁽¹⁷⁾  Liabilities subject to compromise were settled as follows in accordance with the Plan:

(in millions)
Liabilities subject to compromise of the Predecessor Company (LSTC)			$	2,475
Cash payments at emergence from LSTC				(84	)
Claims expected to be satisfied in cash				(35	)
Liabilities reinstated at emergence:
Pension and other postretirement liabilities	(156	)
Environmental obligations	(61	)
Other current liabilities	(9	)
Total liabilities reinstated at emergence				(226	)
Fair value of equity issued to unsecured creditors				(85	)
Fair value of warrants issued to unsecured creditors				(24	)
Gain on settlement of liabilities subject to compromise			$	2,021

Refer to explanation #18 for the determination of fair value for equity issued to unsecured creditors.

⁽¹⁸⁾  Reflects the issuance of 34 million shares of common stock at a per share price of $11.94 in connection with the Rights Offering, 6 million shares of common stock issued to the holders of general unsecured and retiree committee unsecured claims valued at $14.11 per share, 1.7 million shares of common stock valued at $14.11 per share issued to the Backstop Parties in connection with the Backstop Commitment Agreement, 0.1 million shares of common stock issued under Kodak’s 2013 Omnibus Incentive Plan on the Effective Date, and issuance of warrants valued at $24 million.

⁽¹⁹⁾  Reflects the cancellation of Predecessor Company equity to retained earnings.

⁽²⁰⁾  Reflects the cumulative impact of the reorganization adjustments discussed above:

(in millions)
Gain on settlement of liabilities subject to compromise	$	2,021
Fair value of shares issued to Backstop Parties and employees		(25	)
Write-off of unamortized debt discounts and debt issuance costs		(14	)
Success fees accrued at emergence		(13	)
Emergence and success fees paid at emergence		(9	)
Write-off of deferred equity issuance costs		(3	)
Net gain on reoganization adjustments		1,957
Cancellation of Predecessor Company equity		(3,628	)
Net impact to Retained earnings (deficit)	$	(1,671	)

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The net gain on reorganization adjustments has been included in Reorganization items, net in the Consolidated Statement of Operations.

Fresh Start adjustments

⁽²¹⁾  An adjustment of $67 million was recorded to increase the net book value of inventories to their estimated fair value, which was determined as follows:

• Fair value of finished goods inventory were determined based on the estimated selling price less costs to sell, including disposal and holding period costs, and a reasonable profit margin on the selling and disposal effort.

• Fair value of work-in-process was determined based on the estimated selling price once completed less total costs to complete the manufacturing effort, costs to sell, including disposal and holding period costs, and a reasonable profit on the remaining manufacturing, selling and disposal effort.

• Fair value of raw materials was determined based on current replacement costs.

The following table summarizes the components of inventory as of August 31, 2013, and the fair value at September 1, 2013:

	Successor		Predecessor
(in millions)	As of September 1, 2013		As of August 31, 2013
Finished goods	$	280	$	235
Work in process		120		99
Raw materials		102		101
Total	$	502	$	435

⁽²²⁾  Represents fair value adjustment to the assets and liabilities of the Company’s Personalized Imaging and Document Imaging businesses in delayed close countries.

⁽²³⁾  Represents the net decrease in tax assets and tax liabilities associated with adjustments for fresh start accounting.

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⁽²⁴⁾  An adjustment of $220 million was recorded to increase the net book value of property, plant and equipment to estimated fair value. Fair value was determined as follows:

• The market, sales comparison or trended cost approach was utilized for land, buildings and building improvements. This approach relies upon recent sales, offerings of similar assets or a specific inflationary adjustment to original purchase price to arrive at a probable selling price.

• The cost approach was utilized for machinery and equipment. This approach considers the amount required to construct or purchase a new asset of equal utility at current prices, with adjustments in value for physical deterioration, and functional and economic obsolescence. Physical deterioration is an adjustment made in the cost approach to reflect the real operating age of an asset with regard to wear and tear, decay and deterioration that is not prevented by maintenance. Functional obsolescence is the loss in value or usefulness of an asset caused by inefficiencies or inadequacies of the asset, as compared to a more efficient or less costly replacement asset with newer technology. Economic obsolescence is the loss in value or usefulness of an asset due to factors external to the asset, such as the economics of the industry, reduced demand, increased competition or similar factors.

The following table summarizes the components of property, plant and equipment, net as of August 31, 2013, and the fair value at September 1, 2013:

	Successor		Predecessor
(in millions)	As of September 1, 2013		As of August 31, 2013
Land	$	114	$	35
Buildings and building improvements		180		189
Machinery and equipment		402		252
Construction in progress		31		31
Total	$	727	$	507

For property, plant and equipment owned at September 1, 2013, the depreciable lives were revised to reflect the remaining estimated useful lives. Refer to Note 1, “Basis of Presentation and Significant Accounting Policies” for additional information.

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⁽²⁵⁾  This adjustment eliminated the Predecessor goodwill balance of $56 million and records Successor goodwill of $88 million, which represents the reorganizational value of assets in excess of amounts allocated to identified tangible and intangible assets, as follows:

	Successor
(in millions)	As of September 1, 2013
Reorganization value of Successor assets	$	3,463
Less: Fair value of Successor assets (excluding goodwill)		3,375
Reorganization value of Successor assets in excess of fair value - Successor goodwill	$	88

Refer to Note 5, “Goodwill and Other Intangible Assets” for Successor goodwill by reportable segment.

⁽²⁶⁾  The net adjustment of $192 million reflects the write-off of existing intangibles of $43 million and an adjustment of $235 million to record the fair value of intangibles, determined as follows:

a. Trade names of $54 million were valued using the income approach, specifically the relief from royalty method based on the following significant assumptions:

i. Forecasted revenues attributable to the trade names ranging from September 1, 2013 to December 31, 2023, including a terminal year with growth rates ranging from 0% to 3%;

ii. Royalty rates ranging from .5% to 1% of expected net sales determined with regard to comparable market transactions and profitability analysis;

iii. Discount rates ranging from 27% to 32%, which were based on the after-tax weighted-average cost of capital; and

iv. Kodak anticipates using its trade name for an indefinite period.

b. Technology based intangibles of $131 million were valued using the income approach, specifically the relief from royalty method based on the following significant assumptions:

i. Forecasted revenues attributable to the respective technologies for the period ranging from September 1, 2013 to December 31, 2025;

ii. Royalty rates ranging from 1% to 16% determined with regard to comparable market transactions and cash flows of the respective technologies;

iii. Discount rates ranging from 29% to 34%, based on the after-tax weighted-average cost of capital; and

iv. Economic lives ranging from 4 to 12 years.

c. Customer related intangibles of $39 million were valued using the income approach, specifically the multi-period excess earnings approach based on the following significant assumptions:

i. Forecasted revenues and profit margins attributable to the current customer base for the period ranging from September 1, 2013 to December 31, 2024;

ii. Attrition rates ranging from 2.5% to 20%;

iii. Discount rates ranging from 29% to 38%, based on the after-tax weighted-average cost of capital; and

iv. Economic lives ranging from 3 to 10 years.

d. In-process research and development of $9 million was determined using the income approach, specifically the multi-period excess earnings method based on the following significant assumptions:

i. Forecasted revenues attributable to the respective research and development projects for the period of September 1, 2013 to December 31, 2019;

ii. Discount rate of 40% based on the after-tax weighted-average cost of capital adjusted for perceived risks inherent in the individual assets; and

iii. Economic life of 6 years.

e. In addition, the Company recorded the fair value of other intangibles of $2 million primarily related to favorable contracts and leasehold improvements that were favorable relative to available market terms.

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⁽²⁷⁾  Represents the write-off of deferred costs under various licensing transactions now being reflected in intangible assets.

⁽²⁸⁾  Represents the write-off of unamortized debt issuance costs related to the Emergence Credit Facilities.

⁽²⁹⁾  Represents the revaluation of pension and other postretirement obligations. Refer to Note 16, “Retirement plans “and Note 17, “Other postretirement benefits” for additional information.

⁽³⁰⁾  Represents the revaluation of deferred revenues to the fair value of Kodak’s related future performance obligations.

⁽³¹⁾  Represents the write-off of unamortized debt discounts related to the Emergence Credit Facilities based on the fair value of debt.

⁽³²⁾  Represents $38 million decrease in capitalized lease obligations determined based on market rents, $19 million decrease related to the remeasurement of employee benefit obligations offset by net $4 million increase in fair value adjustment related to asset retirement obligations and other miscellaneous liabilities.

⁽³³⁾  Reflects the increase in fair value of the 34 million shares of common stock issued in connection with the Rights Offering from $11.94 to $14.11 per share.

⁽³⁴⁾  Reflects the cumulative impact of fresh start adjustments as discussed above and the elimination of the Predecessor Company’s accumulated other comprehensive loss.

(in millions)
Establishment of Successor goodwill	$	88
Elimination of Predecessor goodwill		(56	)
Establishment of Successor intangibles		235
Elimination of Predecessor intangibles		(43	)
Inventory fair value adjustment		67
Property, plant & equipment fair value adjustment		220
Pension and other postretirement obligations fair value adjustment		(178	)
Rights offering fair value adjustment		(73	)
Long-term debt fair value adjustment		(11	)
Other assets and liabilities fair value adjustments		53
Net gain on fresh start adjustments		302
Tax impact on fresh start adjustments		(69	)
Elimination of Predecessor accumulated other comprehensive loss		(1,008	)
Net impact on Retained earnings (deficit)	$	(775	)

The net gain on fresh start adjustments has been included in Reorganization items, net in the Consolidated Statement of Operations.

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NOTE 26: REORGANIZATION ITEMS, NET

A summary of reorganization items, net is presented in the following table:

	Successor								Predecessor
(in millions)	Year Ended December 31, 2015		Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Professional fees	$	1	$	10		$	19		$	114
Provision for expected allowed claims		—		(1	)		—			133
Net gain on reorganization adjustments		—		—			—			(1,957	)
Net gain on fresh start adjustments		—		—			—			(302	)
Other items, net		4		4			(3	)		(14	)
Reorganization items, net	$	5	$	13		$	16		$	(2,026	)
Cash payments for reorganization items	$	9	$	21		$	85		$	210

Subsequent to the Effective Date, costs directly attributable to the implementation of the Plan are reported as Reorganization items, net. The cash payments for reorganization items for the eight months ended August 31, 2013 includes $84 million of claims related to liabilities subject to compromise paid on the Effective Date. Refer to Note 25, “Fresh Start Accounting” for additional information on the net gain on reorganization and fresh start adjustments.

NOTE 27: DISCONTINUED OPERATIONS

On the Effective Date, as a part of the Global Settlement and pursuant to the Amended SAPA, Kodak consummated the sale of certain assets of the Business to the KPP Purchasing Parties for net cash consideration, in addition to the assumption by the KPP Purchasing Parties of certain liabilities of the Business, of $325 million. Up to $35 million in aggregate of the purchase price is subject to repayment to KPP if the Business does not achieve certain annual adjusted EBITDA targets over the four-year period ending December 31, 2018. Certain assets and liabilities of the Business in certain jurisdictions were not transferred at the initial closing, which took place on the Effective Date, but were transferred at a series of deferred closings in accordance with the Amended SAPA. The final deferred closing occurred in September 2015. Kodak operated the Business related to the deferred closing jurisdictions, subject to certain covenants, until the applicable deferred closing occurred, and delivered to (or received from) a KPP subsidiary at each deferred closing a true-up payment that reflected the actual economic benefit (or detriment) to the Business in the applicable deferred closing jurisdiction(s) from the time of the initial closing through the time of the applicable deferred closing. Up to the time of the deferred closing, the results of the operations of the Business were being reported as (Loss) earnings from discontinued operations, net of income taxes in the Consolidated Statement of Operations and the assets and liabilities of the Business were being categorized as Assets held for sale or Liabilities held for sale in the Consolidated Statement of Financial Position, as appropriate.

Kodak recognized a pre-tax loss on the sale of the Business of approximately $163 million during the third quarter 2013 predecessor period. The pre-tax loss excluded recognition of $64 million of non-refundable consideration related to the delayed closings, which non-refundable consideration was received on the Effective Date, and $35 million of contingent consideration, subject to repayment to KPP which was also received by Kodak on the Effective Date. The pre-tax loss included the recognition of approximately $1.5 billion of unamortized pension losses previously reported in Accumulated other comprehensive income.

On March 17, 2014, the KPP Purchasing Parties agreed to pay Kodak $20 million of incremental consideration ($13 million was paid in March 2014 and the remainder was paid in March 2015) in lieu of working capital adjustments contemplated by the Amended SAPA.

72

The following table summarizes the major classes of assets and liabilities related to the disposition of the Business which have been segregated and reported as part of Current assets held for sale and Current liabilities held for sale in the Consolidated Statement of Financial Position:

	As of December 31,
(in millions)	2015		2014
Inventories, net	$	—	$	2
Property, plant and equipment, net		—		4
Other assets		—		6
Current assets held for sale	$	—	$	12
Trade payables	$	—	$	1
Current liabilities held for sale	$	—	$	1

Discontinued operations of Kodak include the Business (excluding the consumer film business, for which Kodak entered into an ongoing supply arrangement with one or more KPP Purchasing Parties) and other miscellaneous businesses.

The significant components of revenues and earnings (loss) from discontinued operations, net of income taxes are as follows:

	Successor									Predecessor
	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
(in millions)
Revenues from Personalized and Document Imaging	$	1		$	61		$	77		$	738
Revenues from other discontinued operations		—			—			1			23
Total revenues from discontinued operations	$	1		$	61		$	78		$	761
Pre-tax (loss) earnings from Personalized and Document Imaging	$	(5	)	$	9		$	5		$	(217	)
Pre-tax loss from other discontinued operations		—			—			1			(14	)
(Provision) benefit for income taxes related to discontinued operations		(3	)		(5	)		(2	)		96
Earnings (loss) from discontinued operations, net of income taxes	$	(8	)	$	4		$	4		$	(135	)

The $5 million in pre-tax loss recognized in 2015 represents costs incurred related to the final deferred closing.

Kodak was required to use a portion of the proceeds from the divestiture of the Business to repay $200 million of the Junior DIP Credit Agreement. Interest expense on the debt that was required to be repaid as a result of the sale of the Business has therefore been allocated to discontinued operations ($14 million for the eight months ended August 31, 2013).

Depreciation and amortization of long-lived assets of the Business included in discontinued operations ceased as of July 1, 2013.

Direct operating expenses of the discontinued operations are included in the results of discontinued operations. Indirect expenses that were historically allocated to the discontinued operations have been included in the results of continuing operations. Prior period results have been reclassified to conform to the current period presentation.

73

QUARTERLY SALES AND EARNINGS DATA (UNAUDITED)

(in millions, except per share data)	4th Qtr.			3rd Qtr.			2nd Qtr.			1st Qtr.
2015
Net revenues from continuing operations	$	467		$	446		$	458		$	427
Gross profit from continuing operations		119			99			86			77
Earnings (loss) from continuing operations		23	(3)		(13	)		(23	)		(54	)
(Loss) earnings from discontinued operations (4)		—			(8	)		—			—
Net earnings (loss) attributable to Eastman Kodak Company		24			(22	)		(24	)		(58	)
Basic and diluted net earnings (loss) per share attributable to Eastman Kodak Company
Continuing operations	$	0.57		$	(0.34	)	$	(0.57	)	$	(1.38	)
Discontinued operations		—			(0.19	)		—			—
Total	$	0.57		$	(0.53	)	$	(0.57	)	$	(1.38	)
(in millions, except per share data)	4th Qtr.			3rd Qtr.			2nd Qtr.			1st Qtr.
2014
Net revenues from continuing operations	$	532		$	568		$	528		$	488
Gross profit from continuing operations		109			156			102			89
(Loss) earnings from continuing operations		(40	) (2)		31	(1)		(60	)		(53	)
(Loss) earnings from discontinued operations (4)		(1	)		(12	)		(2	)		19
Net (loss) earnings attributable to Eastman Kodak Company		(42	)		17			(62	)		(36	)
Basic net (loss) earnings per share attributable to Eastman Kodak Company
Continuing operations	$	(0.98	)	$	0.70		$	(1.44	)	$	(1.32	)
Discontinued operations		(0.02	)		(0.29	)		(0.05	)		0.46
Total	$	(1.00	)	$	0.41		$	(1.49	)	$	(0.86	)
Diluted net (loss) earnings per share attributable to Eastman Kodak Company
Continuing operations	$	(0.98	)	$	0.67		$	(1.44	)	$	(1.32	)
Discontinued operations		(0.02	)		(0.28	)		(0.05	)		0.46
Total	$	(1.00	)	$	0.39		$	(1.49	)	$	(0.86	)

⁽¹⁾  Includes pre-tax licensing revenue of $51 million which increased net earnings from continuing operations by $51 million.

⁽²⁾  Includes pre-tax charge of $16 million from the remeasurement of the Venezuelan subsidiary monetary assets and liabilities, which decreased net earnings from continuing operations by $16 million.

⁽³⁾  Includes $17 million pre-tax benefit from the change in U.S. vacation benefits, which increased net earnings from continuing operations by $17 million.

⁽⁴⁾  Refer to Note 27, “Discontinued Operations”, in the Notes to Financial Statements for a discussion regarding discontinued operations.

74

PART IV

ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES

(a) Exhibits required as part of this report are listed in the index appearing on pages 77 through 80.

75

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	EASTMAN KODAK COMPANY
	(Registrant)
By:	/s/ John N. McMullen
	John N. McMullen
	Chief Financial Officer
	April 1, 2016

76

	Eastman Kodak Company
	Index to Exhibits
Exhibit Number
(2.1)	Confirmation Order from the United States Bankruptcy Court for the Southern District of New York Confirming the First Amended Joint Chapter 11 Plan of Reorganization, dated August 23, 2013.
	(Incorporated by reference to Exhibit 2.1 of the Company’s Current Report on Form 8-K as filed on August 29, 2013).
(2.2)	First Amended Joint Chapter 11 Plan of Reorganization of Eastman Kodak Company and its Debtor Affiliates.
	(Incorporated by reference to Exhibit 2.2 of the Company’s Current Report on Form 8-K as filed on August 29, 2013).
(2.3)	Amended and Restated Stock and Asset Purchase Agreement between Eastman Kodak Company, Qualex, Inc., Kodak (Near East), Inc., KPP Trustees Limited, as Trustee for the Kodak Pension Plan of the United Kingdom, and, solely for purposes of Section 11.4, KPP Holdco Limited, dated August 30, 2013.
	(Incorporated by reference to Exhibit 2.3 of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2013 as filed on November 12, 2013).
(3.1)	Second Amended and Restated Certificate of Incorporation.
	(Incorporated by reference to Exhibit 4.1 of the Company’s Registration Statement on Form S-8 as filed on September 3, 2013).
(3.2)	Third Amended and Restated By-Laws.
	(Incorporated by reference to Exhibit 3.1 of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2014 as filed on August 5, 2014).
(4.1)	Registration Rights Agreement between Eastman Kodak Company and certain stockholders listed on Schedule 1 thereto, dated September 3, 2013.
	(Incorporated by reference to Exhibit 4.1 of the Company’s Registration Statement on Form 8-A as filed on September 3, 2013).
(4.2)	Warrant Agreement between Eastman Kodak Company and ComputerShare Trust Company, N.A. and ComputerShare Inc. as Warrant Agent, dated September 3, 2013.
	(Incorporated by reference to Exhibit 4.2 of the Company’s Registration Statement on Form 8-A as filed on September 3, 2013).
*(10.1)	Eastman Kodak Company 2013 Omnibus Incentive Plan.
	(Incorporated by reference to Exhibit 4.4 of the Company’s Registration Statement on Form S-8 as filed on September 3, 2013).
*(10.2)	Eastman Kodak 2013 Omnibus Incentive Plan Form of Executive Restricted Stock Unit Award Agreement.
	(Incorporated by reference to Exhibit 10.2 of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2013 as filed on November 12, 2013).
*(10.3)	Eastman Kodak Company 2013 Omnibus Incentive Plan Form of Director Restricted Stock Unit Award Agreement.
	(Incorporated by reference to Exhibit 10.3 of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013 as filed on March 19, 2014).

77

*(10.4)	Eastman Kodak Company 2013 Omnibus Incentive Plan Form of Nonqualified Stock Option Agreement.
	(Incorporated by reference to Exhibit 10.1 of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2015 as filed on May 7, 2015).
#(10.5)	Credit Agreement dated September 3, 2013 among Eastman Kodak Company as Borrower, the guarantors named therein as Guarantors, the lenders named therein as Lenders, Bank of America, N.A. as Administrative and Collateral Agent, Barclays Bank PLC as Syndication Agent and Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Bank PLC and J.P. Morgan Securities LLC as Joint Lead Arrangers and Joint Bookrunners.
	(Incorporated by reference to Exhibit 10.3 of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2013 as filed on November 12, 2013).
#(10.6)	Security Agreement dated September 3, 2013 from the grantors referred to therein as Grantors to Bank of America, N.A. as Agent.
	(Incorporated by reference to Exhibit 10.4 of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2013 as filed on November 12, 2013).
(10.7)	Intercreditor Agreement dated September 3, 2013 among Bank of America, N.A. as Representative with respect to the ABL Credit Agreement, JPMorgan Chase Bank, N.A. as Representative with respect to the Senior Term Loan Agreement, Barclays Bank PLC, as Representative with respect to the Junior Term Loan Agreement, Eastman Kodak Company and the other grantors party thereto.
	(Incorporated by reference to Exhibit 10.5 of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2013 as filed on November 12, 2013).
#(10.8)	Senior Secured First Lien Term Credit Agreement dated September 3, 2013 among Eastman Kodak Company, as the Borrower, the lenders party hereto, JPMorgan Chase Bank, N.A. as Administrative Agent, and J.P. Morgan Securities LLC, Barclays Bank PLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as Joint Lead Arrangers and Joint Bookrunners.
	(Incorporated by reference to Exhibit 10.6 of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2013 as filed on November 12, 2013).
#(10.9)	Guarantee and Collateral Agreement dated September 3, 2013 from the grantors referred to therein as Grantors to JPMorgan Chase Bank, N.A. as Administrative Agent.
	(Incorporated by reference to Exhibit 10.7 of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2013 as filed on November 12, 2013).
#(10.10)	Senior Secured Second Lien Term Credit Agreement dated September 3, 2013, among Eastman Kodak Company, as the Borrower and the lenders party thereto, Barclays Bank PLC, as Administrative Agent and J.P. Morgan Securities LLC, Barclays Bank PLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as Joint Lead Arrangers and Joint Bookrunners.
	(Incorporated by reference to Exhibit 10.8 of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2013 as filed on November 12, 2013).
#(10.11)	Guarantee and Collateral Agreement dated September 3, 2013 from the grantors referred to therein as Grantors to Barclays Bank PLC as Administrative Agent.
	(Incorporated by reference to Exhibit 10.9 of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2013 as filed on November 12, 2013).
(10.12)	Amended and Restated Settlement Agreement (Eastman Business Park) between Eastman Kodak Company, the New York State Department of Environmental Conservation, and the New York State Urban Development Corporation d/b/a Empire State Development, dated August 6, 2013.
	(Incorporated by reference to Exhibit 10.10 of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2013 as filed on November 12, 2013).

78

*(10.13)	Employment Agreement between Eastman Kodak Company and John N. McMullen, dated May 16, 2014.
	(Incorporated by reference to Exhibit 10.1 of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2014 as filed on August 5, 2014).
*(10.14)	Employment Agreement between Eastman Kodak Company and Jeffrey J. Clarke, dated March 10, 2014.
	(Incorporated by reference to Exhibit 10.1 of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2014 as filed on May 6, 2014).
*#(10.15)	Management Agreement with Douglas J. Edwards, dated September 3, 2013.
	(Incorporated by reference to Exhibit 10.11 of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2013 as filed on November 12, 2013).
*(10.16)	Management Agreement with Antonio M. Perez, dated September 3, 2013.
	(Incorporated by reference to Exhibit 10.12 of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2013 as filed on November 12, 2013).
*#(10.17)	Management Agreement with Patrick M. Sheller, dated September 3, 2013.
	(Incorporated by reference to Exhibit 10.14 of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2013 as filed on November 12, 2013).
*(10.18)	Management Agreement with Brad Kruchten, dated September 3, 2013.
	(Incorporated by reference to Exhibit 10.16 of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013 as filed on March 19, 2014).
(10.19)	Settlement Agreement between Eastman Kodak Company, Kodak Limited, Kodak International Finance Limited, Kodak Polychrome Graphics Finance UK Limited, and the KPP Trustees Limited, as trustee for the Kodak Pension Plan of the United Kingdom, dated April 26, 2013.
	(Incorporated by reference to Exhibit 10.1 of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2013 as filed on August 7, 2013).
(10.20)	Backstop Commitment Agreement among Eastman Kodak Company and the Backstop Parties party thereto, dated June 18, 2013.
	(Incorporated by reference to Exhibit 10.3 of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2013 as filed on August 7, 2013).
*(10.21)	Eastman Kodak Company Executive Compensation for Excellence and Leadership Plan, dated January 1, 2014.
	(Incorporated by reference to Exhibit 10.2 of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2014 as filed on May 6, 2014).
*(10.22)	Eastman Kodak Company Administrative Guide for the 2014 Performance Period under the Executive Compensation for Excellence and Leadership Plan.
	(Incorporated by reference to Exhibit 10.3 of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2014 as filed on May 6, 2014).
*(10.23)	Eastman Kodak Company Administrative Guide for the 2015 Performance Period under the Executive Compensation for Excellence and Leadership Plan.
	(Incorporated by reference to Exhibit 10.2 of the Company’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2015 as filed on May 7, 2015).

79

*(10.24)	Eastman Kodak Company Deferred Compensation Plan for Directors dated December 26, 2013.
	(Incorporated by reference to Exhibit 10.23 of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013 as filed on March 19, 2014).
*(10.25)	Eastman Kodak Company Officer Severance Policy, previously filed.
(12)	Statement regarding Computation of Ratio of Earnings to Fixed Charges, previously filed.
(21)	Subsidiaries of Eastman Kodak Company, previously filed.
(23)	Consents of Independent Registered Public Accounting Firm, previously filed.
(31.1)	Certification signed by Jeffrey J. Clarke, filed herewith.
(31.2)	Certification signed by John N. McMullen, filed herewith.
(32.1)	Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, signed by Jeffrey J. Clarke, furnished herewith.
(32.2)	Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 signed by John N. McMullen, furnished herewith.
(99.1)	Section 13(r) Disclosure, previously filed.
(101.CAL)	XBRL Taxonomy Extension Calculation Linkbase, filed herewith.
(101.INS)	XBRL Instance Document, filed herewith.
(101.LAB)	XBRL Taxonomy Extension Label Linkbase, filed herewith.
(101.PRE)	XBRL Taxonomy Extension Presentation Linkbase, filed herewith.
(101.SCH)	XBRL Taxonomy Extension Scheme Linkbase, filed herewith.
(101.DEF)	XBRL Taxonomy Extension Definition Linkbase, filed herewith.

* Management contract or compensatory plan or arrangement.

# Eastman Kodak Company was granted confidential treatment for certain information contained in this exhibit. Such information was filed separately with the Securities and Exchange Commission pursuant to an application for confidential treatment under 17 C.F.R. §§ 200.80(b)(4) and 240.24b-2.

80

EX-31.1

Exhibit (31.1)

CERTIFICATION

I, Jeffrey J. Clarke, certify that:

1) I have reviewed this Form 10-K;

2) Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; and

3) Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report.

/s/ Jeffrey J. Clarke

Jeffrey J. Clarke

Chief Executive Officer

Date: April 1, 2016

EX-31.2

Exhibit (31.2)

CERTIFICATION

I, John N. McMullen, certify that:

1) I have reviewed this Form 10-K;

2) Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; and

3) Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report.

/s/ John N. McMullen

John N. McMullen

Chief Financial Officer

Date: April 1, 2016

EX-32.1

Exhibit (32.1)

CERTIFICATION PURSUANT TO

18 U.S.C. Section 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Annual Report of Eastman Kodak Company (the “Company”) on Form 10-K for the period ended December 31, 2015 as filed with the Securities and Exchange Commission (the “SEC”) on March 15, 2016 and amended by Amendment No. 1 thereto as filed with the SEC on March 18, 2016 and Amendment No. 2 thereto as filed with the SEC on the date hereof (the “Report”), I, Jeffrey J. Clarke, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Jeffrey J. Clarke

Jeffrey J. Clarke

Chief Executive Officer

Date: April 1, 2016

EX-32.2

Exhibit (32.2)

CERTIFICATION PURSUANT TO

18 U.S.C. Section 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Annual Report of Eastman Kodak Company (the “Company”) on Form 10-K for the period ended December 31, 2015 as filed with the Securities and Exchange Commission (the “SEC”) on March 15, 2016 and amended by Amendment No. 1 thereto as filed with the SEC on March 18, 2016 and Amendment No. 2 thereto as filed with the SEC on the date hereof (the “Report”), I, John N. McMullen, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

1) The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ John N. McMullen

John N. McMullen

Chief Financial Officer

Date: April 1, 2016

XML

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Mar. 01, 2016	Jun. 30, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	EASTMAN KODAK CO
Trading Symbol	KODK
Document Type	10-K
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		42,077,595
Entity Public Float			$ 302,000,000
Amendment Flag	true
Amendment Description	Amendment.
Entity Central Index Key	0000031235
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	FY

XML

Consolidated Statement of Operations - USD ($) shares in Millions, $ in Millions		4 Months Ended	8 Months Ended	12 Months Ended
		Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Cost of revenues
Restructuring costs and other		$ 17	$ 52
Successor [Member]
Revenues
Sales		679		$ 1,447	$ 1,738
Services		133		351	378
Total net revenues	[1]	812		1,798	2,116
Cost of revenues
Sales		586		1,171	1,376
Services		106		246	284
Total cost of revenues		692		1,417	1,660
Gross profit		120		381	456
Selling, general and administrative expenses		114		226	310
Research and development costs		33		61	94
Restructuring costs and other		17		38	59
Other operating expense (income), net		2		2	9
Earnings (loss) from continuing operations before interest expense, loss on early extinguishment of debt, net, other (charges) income, net, reorganization items, net and income taxes		(46)		54	(16)
Interest expense		22		63	62
Other (charges) income, net		10		(21)	(21)
Reorganization items, net		16		5	13
(Loss) earnings from continuing operations before income taxes		(74)		(35)	(112)
Provision for income taxes		8		32	10
(Loss) earnings from continuing operations		(82)		(67)	(122)
(Loss) earnings from discontinued operations, net of income taxes		4		(8)	4
NET (LOSS) EARNINGS		(78)		(75)	(118)
Less: Net income attributable to noncontrolling interests		3		5	5
NET (LOSS) EARNINGS ATTRIBUTABLE TO EASTMAN KODAK COMPANY		$ (81)		$ (80)	$ (123)
Basic and diluted (loss) earnings per share attributable to Eastman Kodak Company common shareholders:
Continuing operations (in Dollars per share)		$ (2.04)		$ (1.72)	$ (3.05)
Discontinued operations (in Dollars per share)		0.10		(0.19)	0.10
Total (in Dollars per share)		$ (1.94)		$ (1.91)	$ (2.95)
Number of common shares used in basic and diluted (loss) earnings per share (in Shares)		41.7		41.9	41.7
Predecessor [Member]
Revenues
Sales			1,267
Services			279
Total net revenues	[1]		1,546
Cost of revenues
Sales			959
Services			219
Total cost of revenues			1,178
Gross profit			368
Selling, general and administrative expenses			297
Research and development costs			66
Restructuring costs and other			43
Other operating expense (income), net			(495)
Earnings (loss) from continuing operations before interest expense, loss on early extinguishment of debt, net, other (charges) income, net, reorganization items, net and income taxes			457
Interest expense			106
Loss on early extinguishment of debt, net			8
Other (charges) income, net			(13)
Reorganization items, net			(2,026)
(Loss) earnings from continuing operations before income taxes			2,356
Provision for income taxes			155
(Loss) earnings from continuing operations			2,201
(Loss) earnings from discontinued operations, net of income taxes			(135)
NET (LOSS) EARNINGS			2,066
NET (LOSS) EARNINGS ATTRIBUTABLE TO EASTMAN KODAK COMPANY			$ 2,066
Basic and diluted (loss) earnings per share attributable to Eastman Kodak Company common shareholders:
Continuing operations (in Dollars per share)			$ 8.08
Discontinued operations (in Dollars per share)			(0.50)
Total (in Dollars per share)			$ 7.58
Number of common shares used in basic and diluted (loss) earnings per share (in Shares)			272.7

[1] Sales are reported in the geographic area in which they originate. No non-U.S. country generated more than 10% of net sales in the years ended December 31, 2015 and December 31, 2014, four months ended December 31, 2013 or eight months ended August 31, 2013.

XML

Consolidated Statement of Comprehensive (Loss) Income - USD ($) $ in Millions	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Successor [Member]
NET (LOSS) EARNINGS	$ (78)		$ (75)	$ (118)
Less: net income attributable to noncontrolling interests	3		5	5
Net (loss) earnings attributable to Eastman Kodak Company	(81)		(80)	(123)
Other comprehensive (loss) income, net:
Currency translation adjustments	1		(35)	(33)
Reclassification of realized losses on available-for-sale securities included in net earnings, net of tax			2
Pension and other postretirement benefit plan obligation activity, net of tax	98		(98)	(202)
Other comprehensive (loss) income, net attributable to Eastman Kodak Company	99		(131)	(235)
COMPREHENSIVE (LOSS) INCOME, NET ATTRIBUTABLE TO EASTMAN KODAK COMPANY	$ 18		$ (211)	$ (358)
Predecessor [Member]
NET (LOSS) EARNINGS		$ 2,066
Net (loss) earnings attributable to Eastman Kodak Company		2,066
Other comprehensive (loss) income, net:
Currency translation adjustments		4
Pension and other postretirement benefit plan obligation activity, net of tax		1,604
Other comprehensive (loss) income, net attributable to Eastman Kodak Company		1,608
COMPREHENSIVE (LOSS) INCOME, NET ATTRIBUTABLE TO EASTMAN KODAK COMPANY		$ 3,674

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Consolidated Statement of Financial Position - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
ASSETS
Cash and cash equivalents	$ 547	$ 712
Receivables, net	365	414
Inventories, net	314	349
Deferred income taxes	22	31
Assets held for sale	2	14
Other current assets	28	30
Total current assets	1,278	1,550
Property, plant and equipment, net of accumulated depreciation of $330 and $231, respectively	426	524
Goodwill	88	96
Intangible assets, net	158	182
Restricted cash	43	37
Deferred income taxes	23	38
Other long-term assets	122	129
TOTAL ASSETS	2,138	2,556
LIABILITIES AND EQUITY
Accounts payable, trade	195	212
Short-term borrowings and current portion of long-term debt	5	5
Liabilities held for sale		10
Other current liabilities	259	372
Total current liabilities	459	599
Long-term debt, net of current portion	675	672
Pension and other postretirement liabilities	623	662
Other long-term liabilities	278	324
Total liabilities	$ 2,035	$ 2,257
Commitments and contingencies (Note 9)
Equity
Common stock, $0.01 par value	$ 0	$ 0
Additional paid in capital	633	621
Treasury stock, at cost	(5)	(4)
Accumulated deficit	(283)	(204)
Accumulated other comprehensive (loss) income	(267)	(136)
Total Eastman Kodak Company shareholders’ equity	78	277
Noncontrolling interests	25	22
Total equity	103	299
TOTAL LIABILITIES AND EQUITY	$ 2,138	$ 2,556

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Consolidated Statement of Financial Position (Parentheticals) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Property, plant and equipment, accumulated depreciation	$ 330	$ 231
Common stock, par value	$ 0.01	$ 0.01

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Consolidated Statement of Equity (Deficit) - USD ($) $ in Millions		Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Treasury Stock [Member]	Parent [Member]	Noncontrolling Interest [Member]	Pre-elimations [Member] Common Stock [Member]	Pre-elimations [Member] Additional Paid-in Capital [Member]	Pre-elimations [Member] Retained Earnings [Member]	Pre-elimations [Member] AOCI Attributable to Parent [Member]	Pre-elimations [Member] Treasury Stock [Member]	Pre-elimations [Member] Parent [Member]	Pre-elimations [Member] Noncontrolling Interest [Member]	Post-eliminations [Member]	Post-eliminations [Member] Noncontrolling Interest [Member]
Equity (deficit) (Predecessor [Member]) at Dec. 31, 2012		$ (3,677)	$ 978	$ 1,105	$ 2,600	$ (2,616)	$ (5,746)	$ (3,679)	$ 2
Net (loss) income | Predecessor [Member]		2,066			2,066			2,066
Currency translation adjustments | Predecessor [Member]		4				4		4
Pension and other postretirement liability adjustments | Predecessor [Member]		1,604				1,604		1,604
Total other comprehensive income | Predecessor [Member]		1,608				$ 1,608		1,608
Stock-based compensation | Predecessor [Member]		$ 3		3				$ 3
Issuance of treasury stock, net (446,501 shares) (1) | Predecessor [Member]	[1]			(3)	(32)		35
Equity (deficit) (Predecessor [Member]) at Aug. 31, 2013		$ 10							$ 10	$ 978	$ 1,105	$ 4,634	$ (1,008)	$ (5,711)	$ (2)	$ 2	$ 10	$ 10
Investment in variable interest entity | Predecessor [Member]		8							8
Cancellation of Predecessor Company equity | Predecessor [Member]		2	$ (978)	(1,105)	(4,634)	$ 1,008	5,711	$ 2
Equity (deficit) (Successor [Member]) at Sep. 01, 2013		623		613				613	10
Issuance of Successor Company common stock | Predecessor [Member]		613		613				613
Equity (deficit) (Predecessor [Member]) at Aug. 31, 2013		10							10	978	1,105	4,634	(1,008)	(5,711)	(2)	2	10	10
Equity (deficit) (Predecessor [Member]) at Sep. 03, 2013	[2]	(2,180)
Equity (deficit) (Successor [Member]) at Sep. 03, 2013		623
Equity (deficit) (Predecessor [Member]) at Aug. 31, 2013		10							10	$ 978	$ 1,105	$ 4,634	$ (1,008)	$ (5,711)	$ (2)	$ 2	$ 10	$ 10
Net (loss) income | Successor [Member]		(78)			$ (81)			(81)	$ 3
Currency translation adjustments | Successor [Member]		1				1		1
Pension and other postretirement liability adjustments | Successor [Member]		98				$ 98		98
Total other comprehensive income | Successor [Member]		99
Stock-based compensation | Successor [Member]		1		1				1
Purchases of treasury stock, net | Successor [Member]	[3]	(4)		(1)			(3)	(4)
Equity (deficit) (Successor [Member]) at Dec. 31, 2013		648		613	$ (81)	$ 99	(3)	628	$ 20
Equity transactions with noncontrolling interest | Successor [Member]		7							7
Net (loss) income | Successor [Member]		(118)			$ (123)			(123)	$ 5
Currency translation adjustments | Successor [Member]		(33)				(33)		(33)
Pension and other postretirement liability adjustments | Successor [Member]		(202)				$ (202)		(202)
Total other comprehensive income | Successor [Member]		(235)
Stock-based compensation | Successor [Member]		8		$ 8				8
Purchases of treasury stock, net | Successor [Member]	[3]	(1)					(1)	(1)
Equity (deficit) (Successor [Member]) at Dec. 31, 2014		299		$ 621	$ (204)	$ (136)	(4)	277	$ 22
Equity (deficit) at Dec. 31, 2014		299
Equity transactions with noncontrolling interest | Successor [Member]		(3)							(3)
Net (loss) income | Successor [Member]		(75)			$ (80)			(80)	$ 5
Currency translation adjustments | Successor [Member]		(35)				(35)		(35)
Reclassification of realized losses on available-for-sale securities included in net earnings, net of tax | Successor [Member]		2				2		2
Pension and other postretirement liability adjustments | Successor [Member]		(98)				$ (98)		(98)
Total other comprehensive income | Successor [Member]		(131)
Stock-based compensation | Successor [Member]		12		$ 12				12
Purchases of treasury stock, net | Successor [Member]	[3]	(1)					(1)	(1)
Equity (deficit) (Successor [Member]) at Dec. 31, 2015		103		$ 633	$ (283)	$ (267)	$ (5)	78	$ 25
Equity (deficit) at Dec. 31, 2015		103
Equity transactions with noncontrolling interest | Successor [Member]		$ (1)			$ 1			$ 1	$ (2)

[1] Includes stock awards issued, offset by shares surrendered for taxes.

[2] On the Effective Date, Kodak completed the sale of substantially all of its assets constituting the Personalized Imaging and Document Imaging businesses to KPP Holdco Limited. This transaction has been reflected in the Predecessor Company period. Refer to Note 27, "Discontinued Operations" for additional information.

[3] Represents purchases of common stock and/ or warrants to satisfy tax withholding obligations.

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Consolidated Statement of Equity (Deficit) (Parentheticals) - shares	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Issuance of treasury stock, shares		446,501
Purchases of treasury stock, shares	152,746		84,678	44,911

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Consolidated Statement of Cash Flows - USD ($) $ in Millions	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Adjustments to reconcile to net cash used in operating activities:
Foreign exchange loss from remeasurement of Venezuela monetary assets			$ 2	$ 16
Cash flows from financing activities:
Cash and cash equivalents, beginning of period			712
Cash and cash equivalents, end of period			547	712
Successor [Member]
Cash flows from operating activities:
Net (loss) earnings	$ (78)		(75)	(118)
Adjustments to reconcile to net cash used in operating activities:
Depreciation and amortization	75		145	199
Pension and other postretirement (income) expense	(61)		(107)	(78)
Stock based compensation	1		18	8
Change in U.S. vacation benefits			(17)
Net gains on sales of businesses/assets	(6)		(4)	(23)
Gain on assets acquired for no monetary consideration			(3)
Foreign exchange loss from remeasurement of Venezuela monetary assets				16
Non-cash restructuring costs, asset impairments and other charges	9		9	13
Reorganization items:
Payment of claims			(10)	(2)
Other non-cash reorganization items, net	3		4	8
Provision (benefit) for deferred income taxes	(2)		6	5
Decrease (increase) in receivables	(72)		15	143
Decrease (increase) in inventories	147		12	4
Decrease in liabilities excluding borrowings	(105)		(109)	(307)
Other items, net	(13)		21	4
Total adjustments	(24)		(20)	(10)
Net cash used in operating activities	(102)		(95)	(128)
Cash flows from investing activities:
Additions to properties	(21)		(43)	(43)
Net proceeds from sales of businesses/assets , net	9		2	18
(Funding) use of restricted cash	93		(10)	68
Marketable securities – purchases				(2)
Net cash (used in) provided by investing activities	81		(51)	41
Cash flows from financing activities:
Repayment of emergence credit facilities	(2)		(4)	(4)
Net proceeds of other borrowings			5	1
Equity transactions of noncontrolling interests	7		(1)	(3)
Treasury stock purchases	(3)		(1)	(1)
Repayment of other borrowings	(40)
Net cash used in financing activities	(38)		(1)	(7)
Effect of exchange rate changes on cash	5		(18)	(38)
Net decrease in cash and cash equivalents	(54)		(165)	(132)
Cash and cash equivalents, beginning of period	898		712	844
Cash and cash equivalents, end of period	844	$ 898	547	712
Cash paid for interest and income taxes was:
Interest, net of portion capitalized of $2 as of December 31, 2015, $3 as of December 31, 2014 and $0 as of December 31, 2013 and August 31, 2013.	22		60	65
Income taxes (net of refunds)	18		$ 12	$ 14
Predecessor [Member]
Cash flows from operating activities:
Net (loss) earnings		2,066
Adjustments to reconcile to net cash used in operating activities:
Depreciation and amortization		118
Pension and other postretirement (income) expense		145
Stock based compensation		3
Net gains on sales of businesses/assets		(407)
Loss on early extinguishment of debt		8
Non-cash restructuring costs, asset impairments and other charges		81
Reorganization items:
Non-cash reorganization gain		(1,964)
Payment of claims		(94)
Fresh start adjustments, net		(302)
Other non-cash reorganization items, net		119
Provision (benefit) for deferred income taxes		448
Decrease (increase) in receivables		105
Decrease (increase) in inventories		(27)
Decrease in liabilities excluding borrowings		(595)
Other items, net		(269)
Total adjustments		(2,631)
Net cash used in operating activities		(565)
Cash flows from investing activities:
Additions to properties		(18)
Net proceeds from sales of businesses/assets , net		827
(Funding) use of restricted cash		(134)
Marketable securities – sales		21
Marketable securities – purchases		(17)
Net cash (used in) provided by investing activities		679
Cash flows from financing activities:
Proceeds from Emergence credit facilities		664
Proceeds from Senior and Junior DIP Credit Agreements		450
Repayment of other borrowings		(375)
Proceeds from Rights Offerings		406
Contingent consideration received with sale of business		35
Net cash used in financing activities		(328)
Effect of exchange rate changes on cash		(23)
Net decrease in cash and cash equivalents		(237)
Cash and cash equivalents, beginning of period	$ 898	1,135
Cash and cash equivalents, end of period		898
Cash paid for interest and income taxes was:
Interest, net of portion capitalized of $2 as of December 31, 2015, $3 as of December 31, 2014 and $0 as of December 31, 2013 and August 31, 2013.		179
Income taxes (net of refunds)		34
Predecessor [Member] | Original Senior DIP Credit Agreement [Member]
Cash flows from financing activities:
Repayment of other borrowings		(664)
Predecessor [Member] | Junior DIP Credit Agreement Term Loan [Member]
Cash flows from financing activities:
Repayment of other borrowings		$ (844)

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Consolidated Statement of Cash Flows (Parentheticals) - USD ($) $ in Millions	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Successor [Member]
Capitalized Interest	$ 0		$ 2	$ 3
Predecessor [Member]
Capitalized Interest		$ 0

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Note 1 - Basis of Presentation and Significant Accounting Policies

12 Months Ended

Dec. 31, 2015

Disclosure Text Block [Abstract]

Basis of Presentation and Significant Accounting Policies [Text Block]

NOTE 1: BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES

BASIS OF PRESENTATION

On January 19, 2012 (the “Petition Date”), Eastman Kodak Company (“EKC” or the “Company”) and its U.S. subsidiaries (collectively, the “Debtors”) filed voluntary petitions for relief under chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”). The cases (the “Chapter 11 Cases”) were jointly administered as Case No. 12-10202 (ALG) under the caption “In re Eastman Kodak Company.” The Debtors operated their businesses as “debtors-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of chapter 11 of the Bankruptcy Code and the orders of the Bankruptcy Court until their emergence from bankruptcy. The Company’s foreign subsidiaries were not part of the Chapter 11 Cases, and continued to operate in the ordinary course of business.

Upon emergence from bankruptcy on September 3, 2013, Kodak adopted fresh-start accounting which resulted in Kodak becoming a new entity for financial reporting purposes. Kodak applied fresh start accounting as of September 1, 2013. Accordingly, the consolidated financial statements on or after September 1, 2013 are not comparable to the consolidated financial statements prior to that date. Refer to Note 25, “Fresh Start Accounting” for additional information.

Subsequent to the Petition Date, all expenses, gains and losses directly associated with the reorganization proceedings are reported as Reorganization items, net in the accompanying Consolidated Statement of Operations. In addition, Liabilities subject to compromise during the chapter 11 proceedings were distinguished from liabilities of the Company’s foreign subsidiaries that were not part of the Chapter 11 Cases, fully-secured liabilities that were not expected to be compromised and from post-petition liabilities in the accompanying Consolidated Statement of Financial Position.

References to “Successor” or “Successor Company” relate to the reorganized Kodak subsequent to September 3, 2013. References to “Predecessor” or “Predecessor Company” relate to Kodak prior to September 3, 2013.

Reclassifications

Certain amounts for prior periods have been reclassified to conform to the current period classification due to Kodak’s new organization structure as of January 1, 2015 and for a change in the segment measure of profitability. In addition to the changes in segment reporting under the new organization structure, tenant rental income for Eastman Business Park previously reported in Cost of Revenues is reported in Revenues. Refer to Note 23, “Segment Information” for more information about these changes.

ACCOUNTING PRINCIPLES

The consolidated financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The following is a description of the significant accounting policies of Kodak.

BASIS OF CONSOLIDATION

The consolidated financial statements include the accounts of EKC and all companies directly or indirectly controlled by EKC, either through majority ownership or otherwise (collectively “Kodak”). Kodak consolidates variable interest entities if Kodak has a controlling financial interest and is determined to be the primary beneficiary of the entity.

Kodak is the primary beneficiary of a utilities variable interest entity, RED-Rochester, LLC (“RED”). Therefore, Kodak consolidates RED’s assets, liabilities and results of operations. Consolidated assets and liabilities of RED are $69 million and $13 million, respectively, as of December 31, 2015 and $77 million and $11 million, respectively, as of December 31, 2014. RED’s equity in those net assets as of December 31, 2015 and 2014 is $25 million and $21 million, respectively. RED’s results of operations are reflected in net income attributable to noncontrolling interest in the accompanying Consolidated Statement of Operations.

USE OF ESTIMATES

The preparation of financial statements in conformity with U.S. GAAP accounting requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of commitments and contingencies at year end, and the reported amounts of revenues and expenses during the reporting periods presented. Actual results could differ from these estimates.

FOREIGN CURRENCY

For most subsidiaries and branches outside the U.S., the local currency is the functional currency. The financial statements of these subsidiaries and branches are translated into U.S. dollars as follows: assets and liabilities at year-end exchange rates; revenue, expenses and cash flows at average exchange rates; and shareholders’ equity at historical exchange rates. For those subsidiaries for which the local currency is the functional currency, the resulting translation adjustment is recorded as a component of Accumulated other comprehensive (loss) income in the accompanying Consolidated Statement of Financial Position. Translation adjustments related to investments that are permanent in nature are not tax-effected.

For certain other subsidiaries and branches outside the U.S., operations are conducted primarily in U.S. dollars, which is therefore the functional currency. Monetary assets and liabilities of these foreign subsidiaries and branches, which are recorded in local currency, are remeasured at year-end exchange rates, while the related revenue, expense, and gain and loss accounts, which are recorded in local currency, are remeasured at average exchange rates. Non-monetary assets and liabilities, and the related revenue, expense, and gain and loss accounts, are remeasured at historical exchange rates. Adjustments that result from the remeasurement of the assets and liabilities of these subsidiaries are included in Other (charges) income, net in the accompanying Consolidated Statement of Operations.

The effects of foreign currency transactions, including related hedging activities, are included in Other (charges) income, net, in the accompanying Consolidated Statement of Operations.

Venezuela Currency

Kodak has accounted for the Venezuelan economy as highly inflationary since 2010. Accordingly, Kodak’s Venezuelan subsidiary uses the U.S. dollar as its functional currency, and monetary assets and liabilities denominated in BsF generate income or expense for changes in value associated with foreign currency exchange rate fluctuations against the U.S. dollar. Kodak’s Venezuelan subsidiary does not have ongoing trading activity.

The Venezuelan government has maintained currency controls and a fixed official exchange rate since 2003. The official exchange rate at December 31, 2015 and 2014 was 6.3 Venezuelan Bolivars Fuertes (“BsF”) to the U.S. dollar. In 2013, the Venezuelan government announced the creation of a complementary currency exchange system, referred to as “SICAD 1.” SICAD 1 was determined by an auction process restricted to invited entities for designated uses. At December 31, 2014, the SICAD 1 exchange rate was 12.0 BsF to the U.S. Dollar. In 2014, the Venezuelan government created another currency exchange system known as “SICAD 2,” indicating that all industry sectors and companies would be eligible to participate in SICAD 2. Transactions in SICAD 2 were regulated by the Venezuelan Central Bank. Entities were required to submit applications to convert BsF to U.S. dollars under SICAD 2. The SICAD 2 exchange rate as of December 31, 2014 was 49.99 BsF to the U.S. dollar.

Given increased uncertainty in Venezuela, Kodak adopted the SICAD 2 rate to remeasure BsF denominated monetary assets and liabilities of its Venezuelan subsidiary to the U.S. dollar as of December 31, 2014. As a result of this change from the official exchange rate, Kodak recorded a charge of $16 million in other (charges), income net in the fourth quarter of 2014.

In 2015, the Venezuelan government merged the SICAD 1 and SICAD 2 exchange mechanisms into a single mechanism called SICAD and introduced a new open market system, “SIMADI.” The SIMADI market is intended to have a floating exchange rate determined by market participants. Kodak adopted the SIMADI rate to remeasure BsF denominated monetary assets and liabilities of its Venezuelan subsidiary to the U.S. dollar as of March 31, 2015. The SIMADI exchange rate at March 31, 2015 was 191.97 BsF to the U.S. dollar. As a result of the change from the SICAD 2 rate, Kodak recorded a charge of $2 million in other (charges), income net in the first quarter of 2015. The SIMADI exchange rate as of December 31, 2015 was 198.7 BsF to the U.S. dollar.

As of December 31, 2015 and December 31, 2014, Kodak’s Venezuelan subsidiary had approximately $1 million and $2 million, respectively, of BsF denominated net monetary assets, composed primarily of cash and cash equivalents.

CONCENTRATION OF CREDIT RISK

Financial instruments that potentially subject Kodak to significant concentrations of credit risk consist principally of cash and cash equivalents, receivables, and derivative instruments. Kodak places its cash and cash equivalents with high-quality financial institutions and limits the amount of credit exposure to any one institution. With respect to receivables, such receivables arise from sales to numerous customers in a variety of industries, markets, and geographies around the world. Receivables arising from these sales are generally not collateralized. Kodak performs ongoing credit evaluations of its customers’ financial conditions, and maintains reserves for potential credit losses and such losses, in the aggregate, have not exceeded management’s expectations. Counterparties to the derivative instrument contracts are major financial institutions. Kodak has not experienced non-performance by any of its derivative instruments counterparties.

CASH EQUIVALENTS

All highly liquid investments with a remaining maturity of three months or less at date of purchase are considered to be cash equivalents.

INVENTORIES

Inventories are stated at the lower of cost or market. The cost of all of Kodak’s inventories is determined by the average cost method, which approximates current cost. Kodak provides inventory reserves for excess, obsolete or slow-moving inventory based on changes in customer demand, technology developments or other economic factors.

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment are recorded at cost, net of accumulated depreciation with the exception of property, plant and equipment owned as of the application of fresh start accounting. Kodak capitalizes additions and improvements while maintenance and repairs are charged to expense as incurred. Upon sale or other disposition, the applicable amounts of asset cost and accumulated depreciation are removed from the accounts and the net amount, less proceeds from disposal, is charged or credited to net (loss) earnings. In connection with fresh start accounting, property, plant and equipment were adjusted to their estimated fair value and depreciable lives were revised as of September 1, 2013. Refer to Note 25, “Fresh Start Accounting.”

Kodak calculates depreciation expense using the straight-line method over the assets’ estimated useful lives, which are as follows:

	Successor Company			As of September 1, 2013
Buildings and building improvements	5	-	40	1	-	38
Land improvements		20		1	-	20
Leasehold improvements	3	-	20	1	-	10
Equipment	3	-	15	1	-	20
Tooling	1	-	3	1	-	3
Furniture and fixtures	5	-	10	1	-	10

Kodak depreciates leasehold improvements over the shorter of the lease term or the asset’s estimated useful life.

Equipment subject to operating leases is included in Property, plant and equipment, net in the Consolidated Statement of Financial Position. Equipment subject to operating leases consists of equipment rented to customers and is depreciated to estimated salvage value over its expected useful life. Equipment operating lease terms and depreciable lives generally vary from 3 to 7 years.

GOODWILL

Goodwill reported in the Successor period represents the reorganizational value of assets in excess of amounts allocated to identified tangible and intangible assets. Refer to Note 25, “Fresh Start Accounting.” Goodwill is not amortized, but is required to be assessed for impairment at least annually and whenever events or changes in circumstances occur that would more likely than not reduce the fair value of the reporting unit below its carrying amount. Kodak performed the annual test of impairment as of October 1, 2015 for all its reporting units and updated its analysis as of December 31, 2015 due to the change in the annual goodwill impairment test date from October 1 to December 31.

When testing goodwill for impairment, Kodak may assess qualitative factors for some or all of its reporting units to determine whether it is more likely than not (that is, a likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying amount, including goodwill. If Kodak determines based on this qualitative test of impairment that it is more likely than not that a reporting unit’s fair value is less than its carrying amount, or elects to bypass the qualitative assessment for some or all of its reporting units, then a two-step goodwill impairment test is performed to test for a potential impairment of goodwill (step 1) and if potential losses are identified, to measure the impairment loss (step 2). Determining the fair value of a reporting unit involves the use of significant estimates and assumptions. Refer to Note 5, “Goodwill and Other Intangible Assets”.

WORKERS COMPENSATION

Kodak self insures and participates in high-deductible insurance programs with retention and per occurrence deductible levels for claims related to workers compensation. The estimated liability for workers compensation is based on actuarially estimated, discounted cost of claims, including claims incurred but not reported. Historical loss development factors are utilized to project the future development of incurred losses, and the amounts are adjusted based on actual claim experience, settlements, claim development trends, changes in state regulations and judicial interpretations. Amounts recoverable from insurance companies or third parties are estimated using historical experience and estimates of future recoveries. Estimated recoveries are not offset against the related accrual.

REVENUE

Kodak’s revenue transactions include sales of products (such as components and consumables for use in Kodak and other manufacturers’ equipment and film based products); equipment; software; services; integrated solutions; and intellectual property and brand licensing. Kodak recognizes revenue when realized or realizable and earned, which is when the following criteria are met: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the sales price is fixed or determinable; and (4) collectability is reasonably assured. At the time revenue is recognized, Kodak provides for the estimated costs of customer incentive programs, warranties and estimated returns and reduces revenue accordingly. For those incentives that require the estimation of sales volumes or redemption rates, such as for volume rebates, Kodak uses historical experience and internal and customer data to estimate the sales incentive at the time revenue is recognized. Kodak accrues the estimated cost of post-sale obligations, including basic product warranties, based on historical experience at the time Kodak recognizes revenue.

For product sales, the revenue recognition criteria are generally met when title and risk of loss have transferred from Kodak to the buyer, which may be upon shipment or upon delivery to the customer site, based on contract terms or legal requirements in certain jurisdictions.

For equipment sales, the recognition criteria are generally met when the equipment is delivered and installed at the customer site. Revenue is recognized for equipment upon delivery as opposed to upon installation when the equipment has stand-alone value to the customer, and the amount of revenue allocable to the equipment is not legally contingent upon the completion of the installation. In instances in which the agreement with the customer contains a customer acceptance clause, revenue is deferred until customer acceptance is obtained, provided the customer acceptance clause is considered to be substantive. For certain agreements, Kodak does not consider these customer acceptance clauses to be substantive because Kodak can and does replicate the customer acceptance test environment and performs the agreed upon product testing prior to shipment. In these instances, revenue is recognized upon installation of the equipment.

Revenue from the sale of software licenses is recognized when (1) Kodak enters into a legally binding arrangement with a customer for the license of software; (2) Kodak delivers the software; (3) customer payment is deemed fixed or determinable and free of contingencies or significant uncertainties; and (4) collection from the customer is probable. Software maintenance and support revenue is recognized ratably over the term of the related maintenance contract.

Revenue from services includes extended warranty, customer support and maintenance agreements, consulting, business process services, training and education. Service revenue is recognized over the contractual period or as services are performed. In service arrangements where final acceptance of a system or solution by the customer is required, revenue is deferred until all acceptance criteria have been met.

The timing and the amount of revenue recognized from the licensing of intellectual property depend upon a variety of factors, including the specific terms of each agreement and the nature of the deliverables and obligations. Revenue is only recognized after all of the following criteria are met: (1) Kodak enters into a legally binding arrangement with a licensee of Kodak’s intellectual property, (2) Kodak delivers the technology or intellectual property rights, (3) licensee payment is deemed fixed or determinable and free of contingencies or significant uncertainties, and (4) collection from the licensee is reasonably assured.

Most of Kodak’s equipment has both software and non-software components that function together to deliver the equipment’s essential functionality and therefore they are accounted for together as non-software deliverables. Non-essential software sold in connection with Kodak’s equipment sales is accounted for as separate deliverables or elements. In most cases, these software products sold as part of a multiple element arrangement include software maintenance agreements as well as unspecified upgrades or enhancements on a when-and-if-available basis. In multiple element arrangements where non-essential software deliverables are included, revenue is allocated to non-software and to software deliverables each as a group based on relative selling prices of each of the deliverables in the arrangement. Revenue allocated to software licenses is recognized when all revenue recognition criteria have been met. Revenue generated from maintenance and unspecified upgrades or updates on a when-and-if-available basis is recognized over the contract period.

RESEARCH AND DEVELOPMENT COSTS

Research and development (“R&D”) costs, which include costs incurred in connection with new product development, fundamental and exploratory research, process improvement, product use technology and product accreditation, are expensed in the period in which they are incurred.

ADVERTISING

Advertising costs are expensed as incurred and are included in Selling, general and administrative expenses in the accompanying Consolidated Statement of Operations. Advertising expenses amounted to $8 million, $13 million, $6 million and $14 million for the years ended December 31, 2015 and December 31, 2014, four months ended December 31, 2013, and for the eight months ended August 31, 2013, respectively.

SHIPPING AND HANDLING COSTS

Amounts charged to customers and costs incurred by Kodak related to shipping and handling are included in net sales and cost of sales, respectively.

IMPAIRMENT OF LONG-LIVED ASSETS

The carrying values of long-lived assets, other than goodwill and intangible assets with indefinite useful lives, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying values may not be recoverable. In connection with fresh start accounting, the carrying values of long-lived assets were adjusted to estimated fair value as of September 1, 2013 and Kodak revised its estimates of the remaining useful lives of all long-lived assets. Refer to Note 25, “Fresh Start Accounting.”

The recoverability of the carrying values of long-lived assets is assessed by first grouping long-lived assets with other assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities (the asset group) and, secondly, by estimating the undiscounted future cash flows that are directly associated with and that are expected to arise from the use of and eventual disposition of such asset group. Kodak estimates the undiscounted cash flows over the remaining useful life of the primary asset within the asset group. If the carrying value of the asset group exceeds the estimated undiscounted cash flows, Kodak records an impairment charge to the extent the carrying value of the long-lived asset exceeds its fair value. Kodak determines fair value through quoted market prices in active markets or, if quoted market prices are unavailable, through the performance of internal analyses of discounted cash flows.

The remaining useful lives of long-lived assets are reviewed in connection with the assessment of recoverability of long-lived assets and the ongoing strategic review of the business and operations. If the review indicates that the remaining useful life of the long-lived asset has changed significantly, the depreciation on that asset is adjusted to facilitate full cost recovery over its revised estimated remaining useful life.

The carrying values of indefinite-lived intangible assets are evaluated for potential impairment annually or whenever events or changes in circumstances indicate that it is more likely than not that the asset is impaired. Refer to Note 5, “Goodwill and Other Intangible Assets.”

INCOME TAXES

Kodak recognizes deferred tax liabilities and assets for the expected future tax consequences of operating losses, credit carry-forwards and temporary differences between the carrying amounts and tax basis of Kodak’s assets and liabilities. Kodak records a valuation allowance to reduce its net deferred tax assets to the amount that is more likely than not to be realized. For discussion of the amounts and components of the valuation allowances as of December 31, 2015 and 2014, see Note 14, “Income Taxes.”

The undistributed earnings of Kodak’s foreign subsidiaries are not considered permanently reinvested. Kodak has recognized a deferred tax liability (net of related foreign tax credits) on the foreign subsidiaries’ undistributed earnings.

RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS

In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-07, Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent). ASU 2015-07 removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share expedient. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015 (January 1, 2016 for Kodak) with retrospective application to all periods presented. Kodak early adopted ASU 2015-07 effective December 31, 2015. The retrospective adoption resulted in a reduction in Level 3 assets for the U.S. plans of $1,837 million and $1,721 million at December 31, 2014 and January 1, 2014, respectively, and a reduction in Level 3 assets for the non-U.S. plans of $106 million at both December 31, 2014 and January 1, 2014. In addition, Level 2 assets for the U.S. and non-U.S. plans decreased by $1,761 million and $251 million, respectively, at December 31, 2014. Refer to Note 16, “Retirement Plans.”

In April 2014, the FASB issued ASU 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360).” ASU 2014-08 defines a discontinued operation as a disposal of a component (or group of components) of an entity that was disposed of or is classified as held for sale and represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. ASU 2014-08 expands the disclosures when an entity retains a significant continuing involvement with a discontinued operation as well as for disposals of individually material components that do not qualify as discontinued operations. The amendments in the update were effective prospectively for fiscal years, and interim periods within those years, beginning after December 15, 2014 (January 1, 2015 for Kodak) to new disposals and new disposal groups classified as held for sale after the effective date. The adoption of this guidance did not have a material impact on Kodak’s Consolidated Financial Statements.

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). ASU 2016-02 requires lessees to recognize most leases on their balance sheets as lease liabilities with corresponding right-of-use assets and eliminates certain real estate-specific provisions. The new leasing standard is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2018 (January 1, 2019 for Kodak). Early adoption is permitted. Kodak is currently evaluating the impact of this ASU.

In January 2016, the FASB issued ASU 2016-01, Financial Instruments–Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. ASU 2016-01 primarily affects the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. Under the ASU all equity investments in unconsolidated entities (other than those accounted for using the equity method of accounting) will generally be measured at fair value through earnings. In addition, the FASB clarified guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. The classification and measurement guidance will be effective for Kodak beginning January 1, 2018, including interim periods within those fiscal years. Kodak is currently evaluating the impact of this ASU. 

In November 2015, the FASB issued ASU 2015-17, Income Taxes (Topic 740) Balance Sheet Classification of Deferred Taxes. ASU 2015-17 amends the accounting for income taxes and requires all deferred tax assets and liabilities to be classified as non-current on the consolidated balance sheet. ASU 2015-17 is effective for fiscal years and interim reporting periods within those years beginning after December 15, 2016 (January 1, 2017 for Kodak), with early adoption permitted in any annual or interim period. ASU 2015-17 may be adopted either prospectively or retrospectively. Kodak is currently evaluating the method of adoption and expects ASU 2015-17 will have an impact on the consolidated balance sheet. The current deferred tax assets in excess of valuation allowance were $22 million as of December 31, 2015.

In April 2015, the FASB issued ASU 2015-03, Imputation of Interest (Sub-Topic 835.30): Simplifying the Presentation of Debt Issuance Costs. ASU 2015-03 requires debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. In August 2015, the FASB issued ASU 2015-15 clarifying the application of this guidance to line of credit arrangements. The amendments in the ASUs are effective retrospectively for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015 (January 1, 2016 for Kodak). Early adoption is permitted for financial statements not previously issued. Kodak does not expect the adoption of this guidance to have a material impact on its Consolidated Financial Statements.

In February 2015, the FASB issued ASU 2015-02, “Consolidation (Topic 810): Amendments to the Consolidation Analysis”. The amendments in ASU 2015-02 change the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. The amendments in this ASU are effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015 (January 1, 2016 for Kodak). Early adoption is permitted, including adoption in an interim period. A reporting entity may apply the amendments in this ASU either retrospectively or use a modified retrospective approach by recording a cumulative-effect adjustment to equity as of the beginning of the fiscal year of adoption. Kodak does not expect the adoption of this guidance to have a material impact on its Consolidated Financial Statements.

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” ASU 2014-09 supersedes the revenue recognition requirements in Topic 605, “Revenue Recognition” and most industry-specific guidance. The core principle of ASU 2014-09 is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In July 2015, the FASB deferred the effective date of ASU 2014-09. The new revenue standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017 (January 1, 2018 for Kodak) and allows either a full retrospective adoption to all periods presented or a modified retrospective adoption approach with the cumulative effect of initial application of the revised guidance recognized at the date of initial application. Kodak is currently evaluating the adoption alternatives and impact of this ASU.  

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Note 2 - Receivables, Net

12 Months Ended

Dec. 31, 2015

Receivables [Abstract]

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

NOTE 2: RECEIVABLES, NET

	As of December 31,
(in millions)	2015		2014
Trade receivables	$	318	$	361
Miscellaneous receivables		47		53
Total (net of allowances of $10 and $11 as of December 31, 2015 and December 31, 2014, respectively)	$	365	$	414

Approximately $28 million and $31 million of the total trade receivable amounts as of December 31, 2015 and 2014, respectively, will potentially be settled through customer deductions in lieu of cash payments. Such deductions represent rebates owed to customers and are included in Other current liabilities in the accompanying Consolidated Statement of Financial Position. 

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Note 3 - Inventories, Net

12 Months Ended

Dec. 31, 2015

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

NOTE 3: INVENTORIES, NET

	As of December 31,
(in millions)	2015		2014
Finished goods	$	177	$	204
Work in process		65		73
Raw materials		72		72
Total	$	314	$	349

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Note 4 - Property, Plant and Equipment, Net and Equipment Subject to Operating Leases, Net

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 4: PROPERTY, PLANT AND EQUIPMENT, NET AND EQUIPMENT SUBJECT TO OPERATING LEASES, NET

	As of December 31,
(in millions)	2015			2014
Land	$	74		$	100
Buildings and building improvements		171			176
Machinery and equipment		483			432
Construction in progress		28			47
		756			755
Accumulated depreciation		(330	)		(231	)
Property, plant and equipment, net	$	426		$	524

Depreciation expense was $120 million, $174 million, $67 million and $87 million for the years ended December 31, 2015 and December 31, 2014, four months ended December 31, 2013, and eight months ended August 31, 2013, respectively, of which approximately $8 million, $2 million, $0 million and $4 million, respectively, represented accelerated depreciation in connection with restructuring actions.

Equipment subject to operating leases and the related accumulated depreciation were as follows:

	As of December 31,
(in millions)	2015			2014
Equipment subject to operating leases, net	$	37		$	25
Accumulated depreciation		(14	)		(10	)
Equipment subject to operating leases, net	$	23		$	15

Minimum future rental revenues on operating leases with original terms of one year or longer are not significant to Kodak.

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Note 5 - Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

NOTE 5: GOODWILL AND OTHER INTANGIBLE ASSETS

The following table presents the changes in the carrying value of goodwill by reportable segment. The Enterprise Inkjet Systems and Eastman Business Park segments do not have goodwill and are therefore not presented.

(in millions)	Print Systems		Micro 3D Printing and Packaging			Software and Solutions		Consumer and Film		Intellectual Property Solutions			Consolidated Total
Balance as of December 31, 2013:	$	51	$	24		$	6	$	6	$	1		$	88
Fresh start accounting adjustment		5		2			—		—		1			8
Balance as of December 31, 2014:	$	56	$	26		$	6	$	6	$	2		$	96
Impairment		—		(6	)		—		—		(2	)		(8	)
Balance as of December 31, 2015:	$	56	$	20		$	6	$	6	$	—		$	88

In the first quarter of 2014, Kodak increased the value of goodwill determined as part of fresh start accounting by $8 million to correct for a liability that should have been recorded at emergence.

As a result of the change in segments that became effective as of January 1, 2015, Kodak’s goodwill reporting units changed. Refer to Note 23, “Segment Information” for additional information on the change to Kodak’s organizational structure. The Print Systems segment has two goodwill reporting units: Prepress Solutions and Electrophotographic Printing Solutions. The Micro 3D Printing and Packaging segment has two goodwill reporting units: Packaging and Micro 3D Printing. The Software and Solutions segment has two goodwill reporting units: Kodak Technology Solutions and Unified Workflow Solutions. The Consumer and Film segment has three goodwill reporting units: Consumer Inkjet Solutions, Motion Picture, Industrial Chemicals and Films and Consumer Products. The Enterprise Inkjet Systems segment has two goodwill reporting units: Commercial Inkjet Printing Solutions and Digital Front-End Controllers. The Intellectual Property Solutions segment and the Eastman Business Park segment each have one goodwill reporting unit.

As of December 31, 2014, the goodwill balance of $96 million under the prior year segment reporting structure was comprised of $67 million for the Graphics, Entertainment and Commercial Films segment and $29 million for the Digital Printing and Enterprise segment. The goodwill in the Graphics, Entertainment and Commercial Films segment was reported in the Graphics and Intellectual Property and Brand Licensing reporting units. The goodwill in the Digital Printing and Enterprise segment was reported in the Packaging and Functional Printing and Consumer Inkjet Systems reporting units.

Goodwill previously reported in the Graphics goodwill reporting unit was transferred to the Prepress Solutions goodwill reporting unit and the Unified Workflow Solutions goodwill reporting unit. The goodwill previously reported in the Packaging and Functional Printing goodwill reporting unit was transferred to the Packaging goodwill reporting unit and the Micro 3D Printing goodwill reporting unit. The goodwill previously reported in the Intellectual Property and Brand Licensing goodwill reporting unit was transferred to the Intellectual Property Solutions goodwill reporting unit and the Consumer Products goodwill reporting unit. Goodwill was reassigned to affected reporting units using a relative fair value allocation.

Due to the change in Kodak’s reporting units and the delay in commercializing new technologies in the Micro 3D Printing reporting unit, Kodak concluded that the carrying value of the Micro 3D Printing reporting unit exceeded its implied fair value. The fair value of the Micro 3D Printing reporting unit was estimated using the discounted cash flow method in which the future cash flows, including a terminal value at the end of the projection period, were discounted to present value. Kodak recorded a pre-tax impairment charge of $6 million in the first quarter of 2015 that is included in Other operating (income) expense, net in the Consolidated Statement of Operations representing the entire amount of goodwill for this reporting unit.

Based upon the results of Kodak’s October 1, 2015 analysis, Kodak concluded that the carrying value of the Intellectual Property Solutions reporting unit exceeded its implied fair value and recorded a pre-tax impairment charge of $2 million in the fourth quarter of 2015 that is included in Other operating expense (income), net in the Consolidated Statement of Operations representing the entire amount of goodwill for this reporting unit. No impairment of goodwill was indicated for any other reporting units as of October 1 or December 31 valuation dates.

The gross carrying amount and accumulated amortization by major intangible asset category as of December 31, 2015 and 2014 were as follows:

	As of December 31, 2015
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net		Weighted-Average Amortization Period
Technology-based	$	131	$	47	$	84	6 years
Kodak trade name		46		—		46	Indefinite life
Customer-related		37		11		26	7 years
Other		2		—		2	20 years
Total	$	216	$	58	$	158

	As of December 31, 2014
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net		Weighted-Average Amortization Period
Technology-based	$	131	$	27	$	104	7 years
Kodak trade name		46		—		46	Indefinite life
Customer-related		36		6		30	8 years
Other		2		—		2	21 years
Total	$	215	$	33	$	182

Based upon the results of Kodak’s October 1, 2015 and December 31, 2015 impairment tests, no impairment of the Kodak trade name was indicated. In the fourth quarter of 2013, Kodak concluded that the carrying value of the Kodak trade name, estimated as part of fresh start accounting, exceeded its fair value and Kodak recorded a pre-tax impairment charge of $8 million that is included in Other operating expense (income), net in the Consolidated Statement of Operations.

Amortization expense related to intangible assets was $25 million, $25 million, $8 million and $10 million for the years ended December 31, 2015 and December 31, 2014, four months ended December 31, 2013, and eight months ended August 31, 2013, respectively.

Estimated future amortization expense related to intangible assets that are currently being amortized as of December 31, 2015 was as follows:

(in millions)
2016	$	25
2017		23
2018		18
2019		10
2020		9
2021 and thereafter		27
Total	$	112

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Note 6 - Other Current Liabilities

12 Months Ended

Dec. 31, 2015

Disclosure Text Block Supplement [Abstract]

Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]

NOTE 6: OTHER CURRENT LIABILITIES

	As of December 31,
(in millions)	2015		2014
Accrued employment-related liabilities	$	81	$	132
Accrued customer rebates		31		34
Deferred revenue		39		48
Accrued restructuring liabilities		11		27
Deferred consideration on disposed businesses		—		11
Other		97		120
Total	$	259	$	372

The Other component above consists of other miscellaneous current liabilities that, individually, were less than 5% of the total current liabilities component within the Consolidated Statement of Financial Position, and therefore, have been aggregated in accordance with Regulation S-X.

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Note 7 - Other Long-term Liabilities

12 Months Ended

Dec. 31, 2015

Disclosure Text Block Supplement [Abstract]

Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Noncurrent [Text Block]

NOTE 7: OTHER LONG-TERM LIABILITIES

	As of December 31,
(in millions)	2015		2014
Workers compensation	$	113	$	123
Environmental liabilities		13		19
Asset retirement obligations		47		53
Other		105		129
Total	$	278	$	324

The Other component above consists of other miscellaneous long-term liabilities that, individually, were less than 5% of the total liabilities component in the accompanying Consolidated Statement of Financial Position, and therefore, have been aggregated in accordance with Regulation S-X.

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Note 8 - Short-term Borrowings and Long-term Debt

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

NOTE 8: SHORT-TERM BORROWINGS AND LONG-TERM DEBT

Debt and related maturities and interest rates were as follows at December 31, 2015 and 2014:

						As of December 31,
(in millions)						2015		2014
	Type	Maturity	Weighted-Average Effective Interest Rate			Carrying Value		Carrying Value
Current portion:
	Term note	2016		7.56%		$	4	$	4
	Credit line	2015		2.42%			—		1
	Other	2016	3.12%	-	6.07%		1		—
							5		5
Non-current portion:
	Term note	2019		7.56%			400		403
	Term note	2020		11.04%			270		269
	Other	Various	3.12%	-	6.07%		5		—
							675		672
						$	680	$	677

Annual maturities of debt outstanding at December 31, 2015, were as follows:

(in millions)	Carrying Value		Maturity Value
2016	$	5	$	5
2017		4		4
2018		5		5
2019		392		397
2020		271		276
2021 and thereafter		3		3
Total	$	680	$	690

On September 3, 2013, the Company entered into (i) a Senior Secured First Lien Term Credit Agreement (the “First Lien Term Credit Agreement”) with the lenders party thereto (the “First Lien Lenders”), JPMorgan Chase Bank, N.A. as administrative agent, and J.P. Morgan Securities LLC, Barclays Bank PLC, and Merrill Lynch, Pierce, Fenner & Smith Inc. as joint lead arrangers and joint bookrunners, and (ii) a Senior Secured Second Lien Term Credit Agreement (the “Second Lien Term Credit Agreement,” and together with the First Lien Term Credit Agreement, the “Term Credit Agreements”), with the lenders party thereto (the “Second Lien Lenders,” and together with the First Lien Lenders, the “Term Credit Lenders”), Barclays Bank PLC as administrative agent, and J.P. Morgan Securities LLC, Barclays Bank PLC and Merrill Lynch, Pierce, Fenner & Smith Inc. as joint lead arrangers and joint bookrunners. Additionally, the Company and its U.S. subsidiaries (the “Subsidiary Guarantors”) entered into an Asset Based Revolving Credit Agreement (the “ABL Credit Agreement” and together with the Term Credit Agreements, the “Credit Agreements”) with the lenders party thereto (the “ABL Lenders” and together with the First Lien Lenders and the Second Lien Lenders, the “Lenders”) and Bank of America N.A. as administrative agent and collateral agent, Barclays Bank PLC as syndication agent and Merrill Lynch, Pierce, Fenner & Smith Inc., Barclays Bank PLC and J.P. Morgan Securities LLC as joint lead arrangers and joint bookrunners. Pursuant to the terms of the Credit Agreements, the Term Credit Lenders provided the Company with term loan facilities in an aggregate principal amount of $695 million, consisting of $420 million of first-lien term loans (the “First Lien Loans”) and $275 million of second-lien term loans (the “Second Lien Loans”). Net proceeds from the Term Credit Agreements were $664 million ($695 million aggregate principal less $15 million stated discount and $16 million in debt transaction costs). The ABL Lenders will make available asset-based revolving loans in an amount of up to $200 million (the “ABL Loans”). The maturity date of the loans made under the Term Credit Agreements is the earlier to occur of (i) September 3, 2019 (in case of First Lien Loans) or September 3, 2020 (in case of Second Lien Loans) and (ii) the acceleration of such loans due to an event of default (as defined in the Term Credit Agreements). The maturity date of the loans made under the ABL Credit Agreement is the earlier to occur of (i) September 3, 2018 and (ii) the date of termination of the commitments in accordance with the terms of the ABL Credit Agreement. The ABL Credit Agreement also provides for the issuance of letters of credit of up to a sublimit of $150 million. The Company has issued approximately $118 million of letters of credit under the ABL Credit Agreement as of December 31, 2015. Under the ABL Loan’s borrowing base calculation, the Company had approximately $16 million and $29 million Borrowing Base Availability (as defined in the ABL Credit Agreement) under the revolving credit facility as of December 31, 2015 and December 31, 2014, respectively. Availability is subject to the borrowing base calculation, reserves and other limitations.

The Credit Agreements limit, among other things, the Company’s and the Subsidiary Guarantors’ ability to (i) incur indebtedness, (ii) incur or create liens, (iii) dispose of assets, (iv) make restricted payments (including dividend payments, et al.) and (v) make investments. Events of default under the Credit Agreements include, among others, failure to pay any loan, interest or other amount due under the applicable credit agreement, breach of specific covenants and a change of control of the Company. Upon an event of default, the applicable lenders may declare the outstanding obligations under the applicable credit agreement to be immediately due and payable and exercise other rights and remedies provided for in such credit agreement.

Under the ABL Credit Agreement, Kodak is required to maintain a minimum Fixed Charge Coverage Ratio (as defined in the ABL Credit Agreement) of 1.00 to 1.00 when Excess Availability is less than 15% of lender commitments (springing covenant). As of December 31, 2015 15% of lender commitments and Excess Availability were $30 million and $31 million, respectively. Excess Availability is equal to the sum of (i) 85% of the amount of the Eligible Receivables less a Dilution Reserve, (ii) the lesser of 85% of Net Orderly Liquidation Value or 75% of the Eligible Inventory (iii) Eligible Equipment (iv) Eligible Cash and (v) Qualified Cash (not to exceed $15 million) less (i) Rent and Charges Reserves, (ii) Principal Outstanding, (iii) Letters of Credit and (iv) an Availability Block (each item as defined in the ABL Credit Agreement).

As of December 31, 2015 and 2014, Kodak had funded $30 million and $20 million, respectively, to the Eligible Cash account, held with the ABL Credit Agreement Administrative Agent, which is classified as Restricted cash in the Consolidated Statement of Financial Position, and an additional $15 million of Qualified Cash as of December 31, 2015 and 2014 in an unrestricted cash account, supporting the Excess Availability amount. If Excess Availability falls below 15% of lender commitments ($30 million as of both December 31, 2015 and 2014), Kodak may, in addition to the requirement to be in compliance with the minimum Fixed Charge Coverage Ratio, become subject to cash dominion control. Since Excess Availability was greater than 15% of lender commitments at both December 31, 2015 and 2014, Kodak is not required to have a minimum Fixed Charges Coverage Ratio of 1.0 to 1.0. As of December 31, 2015 Kodak was in compliance with all the covenants under the ABL Credit Agreement and had Kodak been required to have Fixed Charge Coverage Ratio of 1.0 to 1.0 EBITDA, as defined in the ABL Credit agreement, exceeded Fixed Charges by approximately $17 million.

The First Lien Loans bear interest at the rate of LIBOR plus 6.25% per annum, with a LIBOR floor of 1% or Alternate Base Rate (as defined in the First Lien Term Credit Agreement) plus 5.25%. The Second Lien Loans bear interest at the rate of LIBOR plus 9.5% per annum, with a LIBOR floor of 1.25% or Alternate Base Rate (as defined in the Second Lien Term Credit Agreement) plus 8.5%. The ABL Loans (other than initial borrowings) bear interest at the rate of LIBOR plus 2.75%-3.25% per annum or Base Rate (as defined in the ABL Credit Agreement) plus 1.75%-2.25% per annum, based on Excess Availability (as defined in the ABL Credit Agreement). Each existing and future direct or indirect U.S. subsidiary of the Company (other than immaterial subsidiaries, unrestricted subsidiaries and certain other subsidiaries) have agreed to provide unconditional guarantees of the obligations of the Company under the Credit Agreements. Subject to certain exceptions, obligations under the First Lien Term Credit Agreement and the Second Lien Term Credit Agreement are secured by: (i) a first lien and a second lien, respectively, on all assets of the Company and the Subsidiary Guarantors, other than the ABL Collateral (as defined below), including a first and a second lien, respectively, on 100% of the stock of material domestic subsidiaries and 65% of the stock of material first-tier foreign subsidiaries (the “Term Collateral”) and (ii) a second lien and a third lien, respectively, on the ABL Collateral (as defined below). Obligations under the ABL Credit Agreement are secured by: (i) a first lien on cash, accounts receivable, inventory, machinery and equipment (the “ABL Collateral”) and (ii) a third lien on the Term Collateral. The carrying value of the Term Collateral and ABL Collateral as of December 31, 2015 and 2014 was $1,873 million and $1,964 million, respectively.

The Company may voluntarily prepay the First Lien Loan. The Company may prepay the Second Lien Loan after the second anniversary and prior to the third anniversary of the closing date. A prepayment premium of 1% of the principal amount prepaid is required with respect to the Second Lien Loan.

As defined in each of the Term Credit Agreements, the Company is required to prepay loans with net proceeds from asset sales, recovery events or issuance of indebtedness, subject to, in the case of net proceeds received from asset sales or recovery events, reinvestment rights by the Company in assets used or usable by the business within certain time limits. On an annual basis, starting with the fiscal year ending on December 31, 2014, the Company will prepay on June 30 of the following fiscal year loans in an amount equal to a percentage of Excess Cash Flow (“ECF”) as defined in each of the Term Credit Agreements, provided no such prepayment is required if such prepayment would cause U.S. liquidity (as defined in each of the Term Credit Agreements) to be less than $100 million. For the years ended December 31, 2015 and 2014, ECF was a negative amount, therefore, no prepayment is required in 2016 and no prepayment was required in 2015. Any mandatory prepayments as described above shall be reduced by any mandatory prepayments of the First Lien Loan.

Under the Term Credit Agreements, the Company is required to maintain minimum U.S. Liquidity (as defined therein) through 2014 and starting December 31, 2014, a Secured Leverage Ratio (as defined therein) not to exceed specified levels. The Secured Leverage Ratio under the Term Credit Agreements is tested at the end of each quarter based on the prior four quarters, The maximum Secured Leverage Ratio permitted under the First Lien Term Credit Agreement (which is more restrictive than the corresponding ratio permitted under the Second Lien Term Credit Agreement) declined on June 30, 2015 from 3.75:1 to 3.25:1 and further declined on December 31, 2015 from 3.25:1 to 2.75:1, with no further adjustments for the remainder of the agreement. As of December 31, 2015, Kodak was in compliance with all covenants under the Term Credit Agreements. Kodak’s EBITDA, as calculated under the Term Credit Agreements, exceeded the EBITDA necessary to satisfy the Secured Leverage Ratio by $33 million.

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Note 9 - Commitments and Contingencies

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

NOTE 9: COMMITMENTS AND CONTINGENCIES

Environmental

Kodak’s undiscounted accrued liabilities for future environmental investigation, remediation and monitoring costs are composed of the following items:

	As of December 31,
(in millions)	2015		2014
Other current operating sites	$	7	$	7
Sites associated with former operations		—		10
Sites associated with the non-imaging health businesses sold in 1994		6		11
Total	$	13	$	28

These amounts are reported in Other long-term liabilities and Current liabilities held for sale in the accompanying Consolidated Statement of Financial Position.

Cash expenditures for pollution prevention and waste treatment for Kodak’s current facilities were as follows:

	Successor						Predecessor
(in millions)	For the Year Ended December 31, 2015		For the Year Ended December 31, 2014		For the Four Months Ended December 31, 2013		For the Eight Months Ended August 31, 2013
Recurring costs for pollution prevention and waste treatment	$	13	$	13	$	5	$	16
Capital expenditures for pollution prevention and waste treatment		2		2		2		—
Total	$	15	$	15	$	7	$	16

Environmental expenditures that relate to an existing condition caused by past operations and that do not provide future benefits are expensed as incurred. Costs that are capital in nature and that provide future benefits are capitalized. Liabilities are recorded when environmental assessments are made or the requirement for remedial efforts is probable, and the costs can be reasonably estimated. The timing of accruing for these remediation liabilities is generally no later than the completion of feasibility studies. Kodak has an ongoing monitoring and identification process to assess how the activities, with respect to the known exposures, are progressing against the accrued cost estimates.

Cash expenditures for the aforementioned investigation, remediation and monitoring activities are expected to be incurred over the next thirty years for most of the sites. For these known environmental liabilities, the accrual reflects Kodak’s best estimate of the amount it will incur under the agreed-upon or proposed work plans. Kodak’s cost estimates were determined using the ASTM Standard E 2137-06, “Standard Guide for Estimating Monetary Costs and Liabilities for Environmental Matters,” and have not been reduced by possible recoveries from third parties. The overall method includes the use of a probabilistic model which forecasts a range of cost estimates for the remediation required at individual sites. The projects are closely monitored and the models are reviewed as significant events occur or at least once per year. Kodak’s estimate includes investigations, equipment and operating costs for remediation and long-term monitoring of the sites.

The Company provided an indemnity as part of the 1994 sale of Sterling Corporation (now “STWB”), which covered a number of environmental sites including the Lower Passaic River Study Area (“LPRSA”) portion of the Diamond Alkali Superfund Site. STWB, now owned by Bayer Corporation, is a potentially responsible party at the LPRSA site based on alleged releases from facilities formerly owned by subsidiaries of Sterling. On February 29, 2012, the Company notified STWB and Bayer that, under the voluntary petition for bankruptcy by the Company and its U.S. subsidiaries, it elected to discontinue funding and participation in remedial investigations of the LPRSA. STWB and its parent, Bayer, filed proofs of claim against the Company and its U.S. subsidiaries. These claims have been discharged pursuant to the First Amended Joint Chapter 11 Plan of Reorganization. Environmental matters at three sites owned by the Company and one site for which the Company was not the owner but was responsible for the remediation were not resolved by the discharge. On March 17, 2015, the Company entered into an agreement with STWB related to these four sites. The agreement calls for the Company to retain ownership and environmental responsibility of one of the sites. Ownership and environmental responsibility for one site and environmental responsibility for the unowned site transferred to STWB in the second quarter of 2015. Ownership of the remaining site is expected to pass to an unrelated party by 2018 at which point the Company’s environmental responsibility will pass to STWB. If the ownership for the fourth site does not transfer to that unrelated party prior to January 1, 2020, the Company and STWB will share approximately equally in the ongoing costs of the site. As a result of this agreement, the Company reduced its environmental liabilities by approximately $5 million and recognized a gain in the first quarter of 2015 of the same amount.

On January 14, 2015, the Company sold its property in Middleway, West Virginia and transferred the related environmental liability to Commercial Liability Partners WV, LLC (CLP). As part of the transaction, the Company withdrew from its Voluntary Remediation Agreement with the West Virginia Department of Environmental Protection, received an indemnity from CLP regarding any environmental obligations, and was named insured in an environmental insurance policy for a period of ten years in the case of breach by CLP. As of December 31, 2014, the $2 million net book value of the Middleway property was classified in Current assets held for sale and the environmental liability of approximately $9 million was classified as Current liabilities held for sale. The Company released the environmental liability associated with the site and recognized a gain of approximately $5 million on the transaction in 2015.

Estimates of the amount and timing of future costs of environmental remediation requirements are by their nature imprecise because of the continuing evolution of environmental laws and regulatory requirements, the availability and application of technology, the identification of presently unknown remediation sites and the allocation of costs among the potentially responsible parties. Based on information presently available, Kodak does not believe it is reasonably possible that losses for known exposures could exceed current accruals by material amounts, although costs could be material to a particular quarter or year.

Asset Retirement Obligations

Kodak’s asset retirement obligations primarily relate to asbestos contained in buildings that Kodak owns. In many of the countries in which Kodak operates, environmental regulations exist that require Kodak to handle and dispose of asbestos in a special manner if a building undergoes major renovations or is demolished. Otherwise, Kodak is not required to remove the asbestos from its buildings. Kodak records a liability equal to the estimated fair value of its obligation to perform asset retirement activities related to the asbestos, computed using an expected present value technique, when sufficient information exists to calculate the fair value. Kodak does not have a liability recorded related to every building that contains asbestos because Kodak cannot estimate the fair value of its obligation for certain buildings due to a lack of sufficient information about the range of time over which the obligation may be settled through demolition, renovation or sale of the building.

The following table provides asset retirement obligation activity:

	For the Year Ended December 31,
(in millions)	2015			2014
Asset Retirement Obligations at start of period	$	53		$	52
Liabilities incurred in the current period		1			3
Liabilities settled in the current period		(3	)		(1	)
Accretion expense		2			2
Revision in estimated cash flows		(6	)		(2	)
Foreign exchange impact		—			(1	)
Asset Retirement Obligations at end of period	$	47		$	53

Other Commitments and Contingencies

The Company and its subsidiaries have entered into operating leases for various real estate and equipment needs. Rental expense, net of minor sublease income, amounted to $30 million, $38 million, $15 million and $36 million in the years ended December 31, 2015 and December 31, 2014, four months ending December 31, 2013, and eight months ending August 31, 2013, respectively.

As of December 31, 2015, the Company had outstanding letters of credit of $118 million issued under the ABL Credit Agreement as well as bank guarantees and letters of credit of $4 million, surety bonds in the amount of $17 million, and restricted cash and deposits of $58 million, primarily to support compliance with the Excess Availability threshold under the ABL Credit Agreement, to ensure the payment of possible casualty and workers compensation claims, environmental liabilities, legal contingencies, rental payments, and to support various customs, hedging, tax and trade activities. The restricted cash and deposits are recorded in Restricted cash, Other current assets and Other long-term assets in the Consolidated Statement of Financial Position.

Kodak’s Brazilian operations are involved in various litigation matters and have received or been the subject of numerous governmental assessments related to indirect and other taxes in various stages of litigation, as well as civil litigation and disputes associated with former employees and contract labor. The tax matters, which comprise the majority of the litigation matters, are primarily related to federal and state value-added taxes. Kodak is disputing these matters and intends to vigorously defend its position. Based on the opinion of legal counsel and current reserves already recorded for those matters deemed probable of loss, management does not believe that the ultimate resolution of these matters will materially impact Kodak’s results of operations or financial 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 December 31, 2015, the unreserved portion of these contingencies, inclusive of any related interest and penalties, for which there was at least a reasonable possibility that a loss may be incurred, amounted to approximately $49 million.

In connection with assessments in Brazil, local regulations may require Kodak to post security for a portion of the amounts in dispute. As of December 31, 2015, Kodak has posted security composed of $6 million of pledged cash reported within Restricted cash in the Consolidated Statement of Financial Position and liens on certain Brazilian assets with a net book value of approximately $62 million. Generally, any encumbrances on the Brazilian assets would be removed to the extent the matter is resolved in Kodak’s favor.

Kodak is involved in various lawsuits, claims, investigations, remediation and proceedings, including commercial, customs, employment, environmental, and health and safety matters, which are being handled and defended in the ordinary course of business. Kodak is also subject, from time to time, to various assertions, claims, proceedings and requests for indemnification concerning intellectual property, including patent infringement suits involving technologies that are incorporated in a broad spectrum of Kodak’s products. These matters are in various stages of investigation and litigation, and are being vigorously defended. Based on information currently available Kodak does not believe that it is probable that the outcomes in any of these matters, individually or collectively, will have a material adverse effect on its financial 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.

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Note 10 - Guarantees

12 Months Ended

Dec. 31, 2015

Guarantees [Abstract]

Guarantees [Text Block]

NOTE 10: GUARANTEES

EKC guarantees obligations to third parties for some of its consolidated subsidiaries. The maximum amount guaranteed is $17 million and the outstanding amount for those guarantees is $6 million.

In connection with the settlement of certain of the Company’s historical environmental liabilities at EBP and in accordance with the terms of the Amended EBP Settlement Agreement, in the event the historical EBP 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 related to this guarantee.

Indemnifications

Kodak issues indemnifications in certain instances when it sells businesses and real estate, and in the ordinary course of business with its customers, suppliers, service providers and business partners. Further, Kodak indemnifies officers and directors who are, or were, serving at the Company’s request in such capacities. Historically, costs incurred to settle claims related to these indemnifications have not been material to Kodak’s financial position, results of operations or cash flows. Additionally, the fair value of the indemnifications that Kodak issued during the year ended December 31, 2015 was not material to Kodak’s financial position, results of operations or cash flows.

Warranty Costs

Kodak has warranty obligations in connection with the sale of its products and equipment. The original warranty period is generally one year or less. The costs incurred to provide for these warranty obligations are estimated and recorded as an accrued liability at the time of sale. Kodak estimates its warranty cost at the point of sale for a given product based on historical failure rates and related costs to repair. The change in Kodak’s accrued warranty obligations balance, which is reflected in Other current liabilities in the accompanying Consolidated Statement of Financial Position, was as follows:

(in millions)
Accrued warranty obligations as of December 31, 2013	$	13
Actual warranty experience		(16	)
Warranty provisions		8
Accrued warranty obligations as of December 31, 2014		5
Actual warranty experience		(8	)
Warranty provisions		7
Accrued warranty obligations as of December 31, 2015	$	4

Kodak also offers its customers extended warranty arrangements that are generally one year, but may range from three months to five years after the original warranty period. Kodak provides repair services and routine maintenance under these arrangements. Kodak has not separated the extended warranty revenues and costs from the routine maintenance service revenues and costs, as it is not practicable to do so. Therefore, these revenues and costs have been aggregated in the discussion that follows. The change in Kodak’s deferred revenue balance in relation to these extended warranty and maintenance arrangements, 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, 2013	$	30
New extended warranty and maintenance arrangements		194
Recognition of extended warranty and maintenance arrangement revenue		(197	)
Deferred revenue on extended warranties as of December 31, 2014		27
New extended warranty and maintenance arrangements		185
Recognition of extended warranty and maintenance arrangement revenue		(185	)
Deferred revenue on extended warranties as of December 31, 2015	$	27

Costs incurred under these extended warranty and maintenance arrangements for the years ended December 31, 2015 and December 31, 2014 amounted to $135 million and $158 million, respectively.

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Note 11 - Financial Instruments

12 Months Ended

Dec. 31, 2015

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

NOTE 11: 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, as well as forecasted foreign currency denominated intercompany assets. Kodak’s exposure to changes in interest rates results from its investing and borrowing activities used to meet its liquidity needs. Kodak does not utilize financial instruments for trading or other speculative purposes.

Kodak’s foreign currency forward contracts are not designated as hedges, and are marked to market through net (loss) earnings at the same time that the exposed assets and liabilities are re-measured through net (loss) earnings (both in Other (charges) income, net in the Consolidated Statement of Operations). The notional amount of such contracts open at December 31, 2015 and 2014 was approximately $384 million and $334 million, respectively. The majority of the contracts of this type held by Kodak are denominated in Euros, British pounds, and Chinese renminbi. The net effect of foreign currency forward contracts in the results of operations is shown in the following table:

Derivatives Not Designated as Hedging Instruments, Foreign Exchange Contracts

	Successor							Predecessor
(in millions)	For the Year Ended December 31, 2015		For the Year Ended December 31, 2014		For the Four Months Ended December 31, 2013			For the Eight Months Ended August 31, 2013
Net gain (loss) from derivatives not designated as hedging instruments	$	14	$	10	$	(14	)	$	2

Kodak had no derivatives designated as hedging instruments for the years ended December 31, 2015 and December 31, 2014, four months ended December 31, 2013 or eight months ended August 31, 2013.

Kodak’s financial instrument counterparties are high-quality investment or commercial banks with significant experience with such instruments. Kodak manages exposure to counterparty credit risk by requiring specific minimum credit standards and diversification of counterparties. Kodak has procedures to monitor the credit exposure amounts. The maximum credit exposure at December 31, 2015 was not significant to Kodak.

In the event of a default under the Company’s Term Credit Agreements, the ABL Credit Agreement, or a default under any derivative contract or similar obligation of Kodak, subject to certain minimum thresholds, the derivative counterparties would have the right, although not the obligation, to require immediate settlement of some or all open derivative contracts at their then-current fair value, but with liability positions netted against asset positions with the same counterparty.

Fair Value

Fair values of 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 the foreign currency forward contracts was not material as of December 31, 2015 and 2014.

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 year ended December 31, 2015.

The fair value of long-term borrowings is measured on a nonrecurring basis. Fair values of long-term borrowings (Level 2 fair value measurements) are determined by reference to quoted market prices, if available, or by pricing models based on the value of related cash flows discounted at current market interest rates. The fair values of long-term borrowings were $588 million and $681 million at December 31, 2015 and December 31, 2014, respectively.

The carrying values of cash and cash equivalents, restricted cash, and short-term borrowings and current portion of long-term debt approximate their fair values.

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Note 12 - Other Operating Expense (Income), Net

12 Months Ended

Dec. 31, 2015

Disclosure Text Block [Abstract]

Other Operating Income and Expense [Text Block]

NOTE 12: OTHER OPERATING EXPENSE (INCOME), NET

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Expense (income) :
Gain on sale of digital imaging patent portfolio (1)	$	—		$	—		$	—		$	(535	)
Goodwill and intangible asset impairments (2) (3) (4) (5) (6)		8			9			8			77
Gains related to the sales of assets and businesses		(6	)		(3	)		(6	)		(34	)
Gain recognized on assets acquired for no monetary consideration (7)		(3	)		—			—			—
Other		3			3			—			(3	)
Total	$	2		$	9		$	2		$	(495	)

⁽¹⁾ Refer to Note 24, “Emergence from Voluntary Reorganization under Chapter 11 Proceedings.”

⁽²⁾ In the fourth quarter of 2015, Kodak recorded a goodwill impairment charge of $2 million related to the Intellectual Property Solutions reporting unit. Refer to Note 5, “Goodwill and Other Intangible Assets.”

⁽³⁾ In the first quarter of 2015, Kodak recorded a goodwill impairment charge of $6 million related to the Micro 3D Printing reporting unit. Refer to Note 5, “Goodwill and Other Intangible Assets.”

⁽⁴⁾ In the fourth quarter of 2014, Kodak recorded an impairment charge of $9 million related to an in-process research and development intangible asset established as part of fresh start accounting.

⁽⁵⁾ In the fourth quarter of 2013, Kodak recorded an impairment charge of $8 million related to the Kodak trade name. Refer to Note 5, “Goodwill and Other Intangible Assets.”

⁽⁶⁾ In the first quarter of 2013, Kodak recorded a goodwill impairment charge of $77 million related to the Intellectual Property and Consumer Products reporting unit.

⁽⁷⁾ Refer to Note 23, “Segment Information”, footnote 5 to the table entitled “Segment Operational EBITDA from Consolidated Loss from Continuing Operations Before Income Taxes.”

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Note 13 - Other (Charges) Income, Net

12 Months Ended

Dec. 31, 2015

Other Income And Charges [Abstract]

Other Income And Charges [Text Block]

NOTE 13: OTHER (CHARGES) INCOME, NET

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Income (charges):
Interest income	$	1		$	6		$	3		$	3
Loss on foreign exchange transactions (1)		(17	)		(22	)		(5	)		(7	)
Other		(5	)		(5	)		12			(9	)
Total	$	(21	)	$	(21	)	$	10		$	(13	)

⁽¹⁾ In 2015 and 2014 Kodak recorded a charges of $2 million and $16 million, respectively, from the remeasurement of its Venezuelan subsidiary’s monetary assets and liabilities. Refer to Note 1, “Basis of Presentations and Significant Accounting Matters”, “Foreign Currency” section.

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Note 14 - Income Taxes

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

NOTE 14: INCOME TAXES

The components of (loss) earnings from continuing operations before income taxes and the related provision (benefit) for U.S. and other income taxes were as follows:

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
(Loss) earnings from continuing operations before income taxes:
U.S.	$	(169	)	$	(208	)	$	(119	)	$	2,243
Outside the U.S.		134			96			45			113
Total	$	(35	)	$	(112	)	$	(74	)	$	2,356
U.S. income taxes:
Current provision (benefit)	$	1		$	(2	)	$	3		$	—
Deferred provision (benefit)		9			4			3			(3	)
Income taxes outside the U.S.:
Current provision (benefit)		22			(1	)		8			52
Deferred provision (benefit)		—			7			(8	)		105
State and other income taxes:
Current provision		—			1			2			1
Deferred provision		—			1			—			—
Total provision	$	32		$	10		$	8		$	155

The differences between income taxes computed using the U.S. federal income tax rate and the provision for income taxes for continuing operations were as follows:

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Amount computed using the statutory rate	$	(12	)	$	(39	)	$	(25	)	$	825
Increase (reduction) in taxes resulting from:
State and other income taxes, net of federal		—			1			2			—
Unremitted foreign earnings		26			4			36			32
Impact of goodwill and intangible impairments		—			—			(3	)		(22	)
Operations outside the U.S.		28			111			73			(18	)
Legislative rate changes		—			—			—			1
Valuation allowance		(71	)		(121	)		(100	)		39
Tax settlements and adjustments, including interest		2			(5	)		1			5
Discharge of debt and other reorganization related items		60			57			24			(722	)
Other, net		(1	)		2			—			15
Provision for income taxes	$	32		$	10		$	8		$	155

During 2013, a substantial portion of the Company’s pre-petition debt securities, revolving credit facility and other obligations were extinguished. Absent an exception, a debtor recognizes cancellation of indebtedness income (“CODI”) upon discharge of its outstanding indebtedness for an amount of consideration that is less than its adjusted issue price. The Internal Revenue Code of 1986, as amended (“IRC”), provides that a debtor in a bankruptcy case may exclude CODI from taxable income but must reduce certain of its tax attributes by the amount of any CODI realized as a result of the consummation of a plan of reorganization. The amount of CODI realized by a taxpayer is the adjusted issue price of any indebtedness discharged less the sum of (i) the amount of cash paid, (ii) the issue price of any new indebtedness issued and (iii) the fair market value of any other consideration, including equity, issued. As a result of the market value of equity upon emergence from chapter 11 bankruptcy proceedings, the estimated amount of U.S. CODI was approximately $705 million, which reduced the value of Kodak’s U.S. net operating losses that had a value of $2,495 million. The actual reduction in tax attributes occurred on the first day of the Company’s tax year subsequent to the date of emergence, or January 1, 2014.

IRC Sections 382 and 383 provide an annual limitation with respect to the ability of a corporation to utilize its tax attributes, as well as certain built-in-losses, against future U.S. taxable income in the event of a change in ownership. The Debtors’ emergence from chapter 11 bankruptcy proceedings was considered a change in ownership for purposes of IRC Section 382. The limitation under the IRC is based on the value of the corporation as of the emergence date. However, the ownership changes and resulting annual limitation will result in the expiration of approximately $711 million of net operating losses, $567 million of foreign tax credits and $21 million of research and expenditure credits generated prior to the emergence date. The expiration of these tax attributes was fully offset by a corresponding decrease in Kodak’s U.S. valuation allowance, which results in no net tax provision.

During 2013, the KPP Global Settlement provided for the acquisition by the KPP of certain assets, and the assumption by the KPP of certain liabilities of Kodak’s Personalized Imaging and Document Imaging businesses (the “Business”). The underfunded position of the U.K. Pension Plan was approximately $1.5 billion. Kodak Limited held a deferred tax asset related to the pension liability of $329 million. As a result of the KPP Global Settlement in the period ended December 31, 2013 and the release from the pension liability to the KPP, Kodak Limited reversed the corresponding deferred tax asset.

During the eight months ended August 31, 2013, Kodak determined that it was more likely than not that a portion of its deferred tax assets outside the U.S. would not be realized due to changes in the business resulting from the KPP Global Settlement and the related sale of the Business. As a result, Kodak recorded a tax provision of $100 million associated with the establishment of a valuation allowance on those deferred tax assets.

Additionally, during the eight months ended August 31, 2013, Kodak determined that it was more likely than not that a portion of the deferred tax assets outside the U.S. would not be realized due to the change in Kodak’s business as a result of restructuring associated with the emergence from bankruptcy and accordingly, recorded a tax provision of $46 million associated with the establishment of a valuation allowance on those deferred tax assets.

	As of December 31,
(in millions)	2015		2014
Deferred tax assets
Pension and postretirement obligations	$	187	$	221
Restructuring programs		3		5
Foreign tax credit		314		258
Inventories		14		20
Investment tax credit		80		100
Employee deferred compensation		46		43
Depreciation		62		45
Research and development costs		188		232
Tax loss carryforwards		380		355
Other deferred revenue		13		13
Other		112		111
Total deferred tax assets	$	1,399	$	1,403
Deferred tax liabilities
Leasing	$	1	$	7
Goodwill/Intangibles		49		51
Unremitted foreign earnings		121		176
Total deferred tax liabilities		171		234
Net deferred tax assets before valuation allowance		1,228		1,169
Valuation allowance		1,201		1,127
Net deferred tax assets	$	27	$	42

Deferred tax assets (liabilities) are reported in the following components within the Consolidated Statement of Financial Position:

	As of December 31,
(in millions)	2015			2014
Deferred income taxes (current)	$	22		$	31
Deferred income taxes (non-current)		23			38
Other current liabilities		—			(1	)
Other long-term liabilities		(18	)		(26	)
Net deferred tax assets	$	27		$	42

As of December 31, 2015, Kodak had available domestic and foreign net operating loss carry-forwards for income tax purposes of approximately $1,565 million, of which approximately $481 million have an indefinite carry-forward period. The remaining $1,084 million expire between the years 2016 and 2035. As of December 31, 2015, Kodak had unused foreign tax credits and investment tax credits of $314 million and $80 million, respectively, with various expiration dates through 2030. Utilization of post-emergence net operating losses and tax credits may be subject to limitations in the event of significant changes in stock ownership of the Company in the future.

The undistributed earnings of Kodak’s foreign subsidiaries are not considered permanently reinvested. Kodak has a deferred tax liability (net of related foreign tax credits) of $102 million and $159 million on the foreign subsidiaries’ undistributed earnings as of December 31, 2015 and 2014, respectively. Kodak has recorded a deferred tax liability of $19 million and $17 million for the potential foreign withholding taxes on the undistributed earnings as of December 31, 2015 and 2014, respectively.

Kodak’s valuation allowance as of December 31, 2015 was $1,201 million. Of this amount, $266 million was attributable to Kodak’s net deferred tax assets outside the U.S. of $344 million, and $935 million related to Kodak’s net deferred tax assets in the U.S. of $884 million, for which Kodak believes it is not more likely than not that the assets will be realized.

Kodak’s valuation allowance as of December 31, 2014 was $1,127 million. Of this amount, $315 million was attributable to Kodak’s net deferred tax assets outside the U.S. of $400 million, and $812 million related to Kodak’s net deferred tax assets in the U.S. of $769 million, for which Kodak believes it is not more likely than not that the assets will be realized.

The net deferred tax assets in excess of the valuation allowance of approximately $27 million and $42 million as of December 31, 2015 and December 31, 2014, respectively, relate primarily to net operating loss carry-forwards, certain tax credits, and pension related tax benefits for which Kodak believes it is more likely than not that the assets will be realized.

Accounting for Uncertainty in Income Taxes

A reconciliation of the beginning and ending amount of Kodak’s liability for income taxes associated with unrecognized tax benefits is as follows:

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Balance as of January 1	$	92		$	106		$	107		$	57
Tax positions related to the current year:
Additions		1			2			—			68
Tax Positions related to prior years:
Additions		—			1			2			1
Reductions		(7	)		(14	)		(3	)		(17	)
Settlements with taxing jurisdictions		—			(1	)		—			(2	)
Lapses in Statute of limitations		(1	)		(2	)		—			—
Balance as of December 31	$	85		$	92		$	106		$	107

Kodak’s policy regarding interest and/or penalties related to income tax matters is to recognize such items as a component of income tax (benefit) expense. Kodak had approximately $21 and $18 million of interest and penalties associated with uncertain tax benefits accrued as of December 31, 2015 and 2014, respectively.

If the unrecognized tax benefits were recognized, they would favorably affect the effective income tax rate in the period recognized. Kodak has classified certain income tax liabilities as current or noncurrent based on management’s estimate of when these liabilities will be settled. The current liabilities are recorded in Other current liabilities in the Consolidated Statement of Financial Position. Noncurrent income tax liabilities are recorded in Other long-term liabilities in the Consolidated Statement of Financial Position.

It is reasonably possible that the liability associated with Kodak’s unrecognized tax benefits will increase or decrease within the next twelve months. These changes may be the result of settling ongoing audits or the expiration of statutes of limitations. Such changes to the unrecognized tax benefits could range from $0 to $10 million based on current estimates. Audit outcomes and the timing of audit settlements are subject to significant uncertainty. Although management believes that adequate provision has been made for such issues, there is the possibility that the ultimate resolution of such issues could have an adverse effect on the earnings of Kodak. Conversely, if these issues are resolved favorably in the future, the related provision would be reduced, thus having a positive impact on earnings.

During 2014, Kodak reached a settlement outside of the U.S. and settled an audit for calendar year 2003. Kodak originally recorded liabilities for uncertain tax positions (“UTPs”) totaling $8 million (plus interest of approximately $2 million). The settlement resulted in a reduction in Other current liabilities and the recognition of a $10 million tax benefit.

During 2013, Kodak paid $2 million associated with the resolution of $17 million of various state and local tax claims that were agreed upon through the bankruptcy process. In addition, Kodak established a $64 million liability for unrecognized tax benefits associated with the Company’s adoption of the Plan of Reorganization.

Kodak is subject to taxation and files income tax returns in the U.S. federal jurisdiction and in many state and foreign jurisdictions. Kodak has substantially concluded all U.S. federal and state income tax matters for years through 2011 with respective tax authorities. With respect to countries outside the U.S., Kodak has substantially concluded all material foreign income tax matters through 2008 with respective foreign tax jurisdiction authorities.

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Note 15 - Restructuring Costs and Other

12 Months Ended

Dec. 31, 2015

Restructuring and Related Activities [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

NOTE 15: RESTRUCTURING COSTS AND OTHER

Kodak recognizes the need to continually rationalize its workforce and streamline its operations in the face of ongoing business and economic changes. Charges for restructuring initiatives are recorded in the period in which Kodak commits to a formalized restructuring plan, or executes the specific actions contemplated by the plan and all criteria for liability recognition under the applicable accounting guidance have been met.

The activity in the accrued balances and the non-cash charges and credits incurred in relation to restructuring programs during the three years ended December 31, 2015 were as follows:

(in millions)	Severance Reserve (5)			Exit Costs Reserve (5)			Long-lived Asset Impairments and Inventory Write- downs (5)			Accelerated Depreciation (5)			Total
Balance as of December 31, 2012 (Predecessor):	$	38		$	45		$	—		$	—		$	83
Eight months charges - continuing operations		38			3			4			4			49
Eight months charges - discontinued operations		3			—			—			—			3
Eight months utilization/cash payments		(48	)		(32	)		(4	)		(4	)		(88	)
Eight months other adjustments & reclasses (1)		(3	)		(9	)		—			—			(12	)
Balance as of August 31, 2013 (Predecessor):	$	28		$	7		$	—		$	—		$	35
Four months charges	$	13		$	3		$	1		$	—		$	17
Four months utilization/cash payments		(15	)		(3	)		(1	)		—			(19	)
Four months other adjustments & reclasses (2)		—			1			—			—			1
Balance as of December 31, 2013 (Successor):		26			8			—			—			34
2014 charges		54			2			3			2			61
2014 utilization/cash payments		(47	)		(5	)		(3	)		(2	)		(57	)
2014 other adjustments & reclasses (3)		(11	)		—			—			—			(11	)
Balance as of December 31, 2014 (Successor):		22			5			—			—			27
2015 charges		33			4			1			8			46
2015 utilization/cash payments		(36	)		(5	)		(1	)		(8	)		(50	)
2015 other adjustments & reclasses (4)		(12	)		—			—			—			(12	)
Balance as of December 31, 2015 (Successor):	$	7		$	4		$	—		$	—		$	11

⁽¹⁾ The $(12) million includes $(5) million for amounts reclassified as Liabilities subject to compromise, $(4) million of severance-related charges for pension plan curtailments, which were reclassified to Pension and other postretirement liabilities and $(3) million of reserve adjustments due to the application of fresh start accounting, which were recorded in Reorganization items.

⁽²⁾ The $1 million represents foreign currency translation adjustments.

⁽³⁾ The $(11) million includes $(8) million of severance related charges for pension plan special termination benefits, which were reclassified to Pension and other postretirement liabilities and $(3) million of foreign currency translation adjustments.

⁽⁴⁾ The $(12) million includes $(9) million of severance related charges for pension plan special termination benefits, which were reclassified to Pension and other postretirement liabilities and $(3) million of foreign currency translation adjustments.

⁽⁵⁾ The severance and exit costs reserves require the outlay of cash, while long-lived asset impairments, accelerated depreciation and inventory write-downs represent non-cash items.

2013 Activity

The $17 million of charges for the four months ended December 31, 2013 were reported as Restructuring costs and other in the accompanying Consolidated Statement of Operations. The $52 million of charges for the eight months ended August 31, 2013 includes $4 million for accelerated depreciation and $2 million for inventory write-downs which were reported in Cost of revenues, $43 million reported as Restructuring costs and other and $3 million which were reported as Earnings (loss) from discontinued operations in the accompanying Consolidated Statement of Operations.

The 2013 severance costs related to the elimination of approximately 825 positions, including approximately 500 manufacturing/service, 300 administrative and 25 research and development positions. The geographic composition of these positions included approximately 375 in the U.S. and Canada, and 450 throughout the rest of the world.

Severance payments for these initiatives were substantially completed in 2015. Certain exit costs, such as long-term lease payments, will continue beyond 2015.

2014 Activity

The $61 million of charges for the year ended December 31, 2014 includes $2 million for accelerated depreciation which was reported in Cost of revenues and $59 million which was reported as Restructuring costs and other in the accompanying Consolidated Statement of Operations.

The 2014 severance costs related to the elimination of approximately 775 positions, including approximately 325 manufacturing/service, 350 administrative and 100 research and development positions. The geographic composition of these positions included approximately 425 in the U.S. and Canada, and 350 throughout the rest of the world.

Severance payments for these initiatives will continue through 2016 since, in many instances, the employees whose positions were eliminated can elect or are required to receive their payments over an extended period of time. In addition, certain exit costs, such as long-term lease payments, will continue beyond 2015.

2015 Activity

Restructuring actions taken in 2015 were initiated to reduce Kodak’s cost structure as part of its commitment to drive sustainable profitability and included continued progress toward the Leeds plate manufacturing facility exit, a Kodak Technology Center workforce reduction, and various targeted reductions in service, sales, research and development and other administrative functions.

As a result of these actions, for the year ended December 31, 2015 Kodak recorded $46 million of charges, including $8 million for accelerated depreciation which was reported in Cost of revenues and $38 million which was reported as Restructuring costs and other in the accompanying Consolidated Statement of Operations.

The 2015 severance costs related to the elimination of approximately 600 positions, including approximately 250 manufacturing/service, 250 administrative and 100 research and development positions. The geographic composition of these positions included approximately 275 in the U.S. and Canada, and 325 throughout the rest of the world.

As a result of these initiatives, severance payments will continue through 2016 since, in many instances, the employees whose positions were eliminated can elect or are required to receive their payments over an extended period of time. In addition, certain exit costs, such as long-term lease payments, will be paid throughout 2016 and beyond.

Leeds Plate Manufacturing Facility Exit

On March 3, 2014, Kodak announced a plan to exit its prepress plate manufacturing facility located in Leeds, England. This decision was pursuant to Kodak’s initiative to consolidate manufacturing operations globally, and is expected to result in a more efficient delivery of its products and solutions. Kodak began the exit of the facility in the second quarter of 2014, and phased out production at the site in the third quarter of 2015 and expects to complete the exit of the facility by the second quarter of 2016.

As a result of the decision, Kodak currently expects to incur total charges of $25 to $30 million, including approximately $10 million of charges related to separation benefits, $13 to $15 million of non-cash related charges for accelerated depreciation and asset write-offs, and $2 to $5 million in other cash related charges associated with this action.

Kodak incurred severance charges of $7 million, long-lived asset impairment charges of $1 million, accelerated depreciation charges of $8 million and other exit costs of $1 million in the year ended December 31, 2015 under this program.

On a cumulative basis as of December 31, 2015, Kodak has recorded severance charges of $10 million, long-lived asset impairment charges of $3 million, accelerated depreciation charges of $10 million, and other exit costs of $1 million.

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Note 16 - Retirement Plans

12 Months Ended

Dec. 31, 2015

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

NOTE 16: RETIREMENT PLANS

Substantially all U.S. employees are covered by a noncontributory defined benefit plan, the Kodak Retirement Income Plan (“KRIP”), which is funded by Company contributions to an irrevocable trust fund. The funding policy for KRIP is to contribute amounts sufficient to meet minimum funding requirements as determined by employee benefit and tax laws plus any additional amounts the Company determines to be appropriate. Assets in the trust fund are held for the sole benefit of participating employees and retirees. They are composed of corporate equity and debt securities, U.S. government securities, partnership investments, interests in pooled funds, commodities, real estate, and various types of interest rate, foreign currency, debt, and equity market financial instruments.

For U.S. employees hired prior to March 1999 KRIP’s benefits were generally based on a formula recognizing length of service and final average earnings. KRIP included a separate cash balance formula for all U.S. employees hired after February 1999, as well as employees hired prior to that date who opted in to the cash balance formula during a special election period. Effective January 1, 2015 the KRIP was amended to provide that all participants accrue benefits under a single, revised cash balance formula (the “Cash Balance Plan”). The Cash Balance Plan credits employees’ hypothetical accounts with an amount equal to 7% of their pay, plus interest based on the 30-year Treasury bond rate.

Many subsidiaries and branches operating outside the U.S. have defined benefit retirement plans covering substantially all employees. Contributions by Kodak for these plans are typically deposited under government or other fiduciary-type arrangements. Retirement benefits are generally based on contractual agreements that provide for benefit formulas using years of service and/or compensation prior to retirement. The actuarial assumptions used for these plans reflect the diverse economic environments within the various countries in which Kodak operates.

Information on the major funded and unfunded U.S. and Non-U.S. defined benefit pension plans is presented below. The composition of the major plans may vary from year to year. If the major plan composition changes, prior year data is conformed to ensure comparability.

The measurement date used to determine the pension obligation for all funded and unfunded U.S. and Non-U.S. defined benefit plans is December 31.

(in millions)	Year Ended December 31, 2015						Year Ended December 31, 2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Change in Benefit Obligation
Projected benefit obligation at beginning of period	$	4,438		$	918		$	4,361		$	960
Transfers		—			—			—			(31	)
Service cost		17			3			18			4
Interest cost		148			17			176			30
Plan amendments		—			—			(61	)		—
Benefit payments		(478	)		(51	)		(339	)		(61	)
Actuarial (gain) loss		(35	)		(24	)		567			119
Settlements		—			—			(292	)		—
Special termination benefits		9			—			8			—
Currency adjustments		—			(63	)		—			(103	)
Projected benefit obligation at end of period	$	4,099		$	800		$	4,438		$	918
Change in Plan Assets
Fair value of plan assets at beginning of period	$	4,160		$	795		$	4,184		$	833
Transfers		—			—			—			(9	)
Gain on plan assets		111			31			607			111
Employer contributions		—			4			—			7
Settlements		—			—			(292	)		—
Benefit payments		(478	)		(51	)		(339	)		(61	)
Currency adjustments		—			(51	)		—			(86	)
Fair value of plan assets at end of period	$	3,793		$	728		$	4,160		$	795
Under Funded Status at end of period	$	(306	)	$	(72	)	$	(278	)	$	(123	)
Accumulated benefit obligation at end of period	$	4,098		$	792		$	4,436		$	907

The Non-US transfers of $31 million of projected benefit obligation and $9 million of assets for the year ended December 31, 2014 relate to a plan split for a subset of participants into a non-major plan.

The settlement amount of $292 million for the U.S. for the year ended December 31, 2014 was a result of lump sum payments from KRIP.

Amounts recognized in the Consolidated Statement of Financial Position for all major funded and unfunded U.S. and Non-U.S. defined benefit plans are as follows:

	As of December 31,
(in millions)	2015						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Other long-term assets	$	—		$	39		$	—		$	29
Pension and other postretirement liabilities		(306	)		(111	)		(278	)		(152	)
Net amount recognized	$	(306	)	$	(72	)	$	(278	)	$	(123	)

Information with respect to the major funded and unfunded U.S. and Non-U.S. defined benefit plans with an accumulated benefit obligation in excess of plan assets is as follows:

	As of December 31,
(in millions)	2015				2014
	U.S.		Non-U.S.		U.S.		Non-U.S.
Projected benefit obligation	$	4,099	$	524	$	4,438	$	623
Accumulated benefit obligation		4,098		516		4,436		613
Fair value of plan assets		3,793		412		4,160		471

Amounts recognized in accumulated other comprehensive (loss) income for all major funded and unfunded U.S. and Non-U.S. defined benefit plans consist of:

	As of December 31,
(in millions)	2015						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Prior service credit	$	50		$	4		$	58		$	4
Net actuarial loss		(285	)		(6	)		(159	)		(32	)
Total	$	(235	)	$	(2	)	$	(101	)	$	(28	)

Other changes in plan assets and benefit obligations recognized in Other comprehensive income (expense) are as follows:

	Successor																Predecessor
	Year Ended December 31, 2015					Year Ended December 31, 2014						Four Months Ended December 31, 2013					Eight Months Ended August 31, 2013
(in millions)	U.S.			Non-U.S.		U.S.			Non-U.S.			U.S.			Non-U.S.		U.S.		Non-U.S.
Newly established (loss) gain	$	(126	)	$	25	$	(255	)	$	(46	)	$	97		$	8	$	80	$	78
Newly established prior service credit		—			—		61			—			—			6		—		—
Amortization of:
Prior service (credit) cost		(8	)		—		(3	)		—			—			—		1		—
Net actuarial loss		—			2		—			—			—			—		120		55
Prior service cost recognized due to curtailment		—			—		—			—			—			—		1		1
Net curtailment gain not recognized in expense		—			—		—			—			—			—		20		7
Net loss (gain) recognized in expense due to settlements		—			—		10			—			(11	)		—		—		1,542
Transfers		—			—		—			1			—			—		—		—
Total Income (loss) recognized in Other comprehensive income before fresh start accounting	$	(134	)	$	27	$	(187	)	$	(45	)	$	86		$	14	$	222	$	1,683
Effect of application of fresh start accounting																	$	1,955	$	418

The Company expects to recognize $7 million of prior service credits and $1 million of net actuarial losses as components of net periodic benefit cost over the next year.

Pension (income) expense for all defined benefit plans included:

	Successor																		Predecessor
(in millions)	Year Ended December 31, 2015						Year Ended December 31, 2014						Four Months Ended December 31, 2013						Eight Months Ended August 31, 2013
	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	$	17		$	3		$	18		$	4		$	7		$	2		$	19		$	6
Interest cost		148			17			176			30			67			10			120			95
Expected return on plan assets		(272	)		(30	)		(295	)		(38	)		(122	)		(14	)		(236	)		(105	)
Amortization of:
Prior service credit		(8	)		—			(3	)		—			—			—			1			—
Actuarial loss		—			2			—			—			—			—			120			55
Pension (income) expense before special termination benefits, curtailments and settlements		(115	)		(8	)		(104	)		(4	)		(48	)		(2	)		24			51
Special termination benefits		9			—			8			—			—			—			—			—
Curtailment (gains) losses		—			—			—			—			—			(1	)		1			1
Settlement (gains) losses		—			—			10			—			(11	)		—			—			114
Net pension (income) expense for major defined benefit plans		(106	)		(8	)		(86	)		(4	)		(59	)		(3	)		25			166
Other plans including unfunded plans		—			4			—			8			—			—			4			19
Net pension (income) expense	$	(106	)	$	(4	)	$	(86	)	$	4		$	(59	)	$	(3	)	$	29		$	185

The pension (income) expense before special termination benefits, curtailments, and settlements reported above for the eight months ended August 31, 2013 includes $38 million which was reported as (Loss) earnings from discontinued operations.

The special termination benefits of $9 million and $8 million for the years ended December 31, 2015 and December 31, 2014, respectively, were incurred as a result of Kodak’s restructuring actions and, therefore, have been included in Restructuring costs and other in the Consolidated Statement of Operations for those periods.

The $114 million of settlement losses for the eight months ended August 31, 2013 were incurred as a result of the Global Settlement, and have been included in (Loss) earnings from discontinued operations in the Consolidated Statement of Operations.

The weighted-average assumptions used to determine the benefit obligation amounts for all major funded and unfunded U.S. and Non-U.S. defined benefit plans were as follows:

	Successor																		Predecessor
	December 31, 2015						December 31, 2014						December 31, 2013						August 31, 2013
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
Discount rate		3.89	%		2.50	%		3.50	%		2.09	%		4.50	%		3.40	%		4.25	%		3.33	%
Salary increase rate		3.37	%		1.91	%		3.34	%		1.95	%		3.37	%		2.74	%		3.39	%		2.77	%

The weighted-average assumptions used to determine net pension (income) expense for all the major funded and unfunded U.S. and Non-U.S. defined benefit plans were as follows:

	Successor																		Predecessor
	Year Ended December 31, 2015						Year Ended December 31, 2014						Four Months Ended December 31, 2013						Eight Months Ended August 31, 2013
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
Discount rate		3.50	%		2.09	%		4.19	%		3.34	%		4.25	%		3.33	%		3.52	%		3.63	%
Salary increase rate		3.34	%		1.95	%		3.37	%		2.62	%		3.39	%		2.77	%		3.40	%		2.79	%
Expected long-term rate of return on plan assets		7.40	%		4.69	%		7.63	%		4.93	%		8.20	%		5.54	%		8.12	%		6.66	%

Plan Asset Investment Strategy

The investment strategy underlying the asset allocation for the pension assets is to achieve an optimal return on assets with an acceptable level of risk while providing for the long-term liabilities, and maintaining sufficient liquidity to pay current benefits and other cash obligations of the plans. This is primarily achieved by investing in a broad portfolio constructed of various asset classes including equity and equity-like investments, debt and debt-like investments, real estate, private equity and other assets and instruments. Long duration bonds and Treasury bond futures are used to partially match the long-term nature of plan liabilities. Other investment objectives include maintaining broad diversification between and within asset classes and fund managers, and managing asset volatility relative to plan liabilities.

Every three years, or when market conditions have changed materially, each of Kodak’s major pension plans will undertake an asset allocation or asset and liability modeling study. The asset allocation and expected return on the plans’ assets are individually set to provide for benefits and other cash obligations within each country’s legal investment constraints.

Actual allocations may vary from the target asset allocations due to market value fluctuations, the length of time it takes to implement changes in strategy, and the timing of cash contributions and cash requirements of the plans. The asset allocations are monitored, and are rebalanced in accordance with the policy set forth for each plan.

The total plan assets attributable to the major U.S. defined benefit plans at December 31, 2015 relate to KRIP. The expected long-term rate of return on plan assets assumption (“EROA”) is based on a combination of formal asset and liability studies that include forward-looking return expectations given the current asset allocation. A review of the EROA as of December 31, 2015, based upon the current asset allocation and forward-looking expected returns for the various asset classes in which KRIP invests, resulted in an EROA of 7.4%.

As with KRIP, the EROA assumptions for certain of Kodak’s other pension plans were reassessed as of December 31, 2015. The annual expected return on plan assets for the major non-U.S. pension plans range from 3.0% to 6.5% based on the plans’ respective asset allocations as of December 31, 2015.

Plan Asset Risk Management

Kodak evaluates its defined benefit plans’ asset portfolios for the existence of significant concentrations of risk. Types of concentrations that are evaluated include, but are not limited to, investment concentrations in a single entity, type of industry, foreign country, and individual fund. Foreign currency contracts and swaps are used to partially hedge foreign currency risk. Additionally, Kodak’s major defined benefit pension plans invest in government bond futures and long duration investment grade bonds to partially hedge the liability risk of the plans. As of December 31, 2015 and 2014, there were no significant concentrations (defined as greater than 10% of plan assets) of risk in Kodak’s defined benefit plan assets.

The Company’s weighted-average asset allocations for its major U.S. defined benefit pension plans by asset category, are as follows:

	As of December 31,
	2015			2014			2015 Target
Asset Category
Equity securities		15	%		15	%	12	-	18%
Debt securities		35	%		35	%	32	-	38%
Real estate		3	%		3	%	2	-	8%
Cash and cash equivalents		1	%		3	%	0	-	6%
Global balanced asset allocation funds		13	%		14	%	10	-	20%
Other		33	%		30	%	25	-	35%
Total		100	%		100	%

The Company’s weighted-average asset allocations for its major Non-U.S. defined benefit pension plans by asset category, are as follows:

	As of December 31,
	2015			2014			2015 Target
Asset Category
Equity securities		3	%		6	%	0	-	10%
Debt securities		35	%		27	%	28	-	38%
Real estate		0	%		1	%	0	-	5%
Cash and cash equivalents		3	%		4	%	0	-	10%
Global balanced asset allocation funds		6	%		11	%	0	-	10%
Other		53	%		51	%	50	-	60%
Total		100	%		100	%

Fair Value Measurements

Kodak’s asset allocations by level within the fair value hierarchy at December 31, 2015 and 2014 are presented in the tables below for Kodak’s major defined benefit plans. Kodak’s plan assets are accounted for at fair value and are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement, with the exception of investments for which fair value is measured using the net asset value per share expedient. Kodak’s assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation of fair value of assets and their placement within the fair value hierarchy levels.

Assets not utilizing the net asset value per share expedient are valued as follows: Equity and debt securities traded on an active market are valued using a market approach based on the closing price on the last business day of the year. Real estate investments are valued primarily based on independent appraisals and discounted cash flow models, taking into consideration discount rates and local market conditions. Cash and cash equivalents are valued utilizing cost approach valuation techniques. Other investments are valued using a combination of market, income, and cost approaches, based on the nature of the investment. Private equity investments are valued primarily based on independent appraisals, discounted cash flow models, cost, and comparable market transactions, which include inputs such as discount rates and pricing data from the most recent equity financing. Insurance contracts are primarily valued based on contract values, which approximate fair value. For investments with lagged pricing, Kodak uses the available net asset values, and also considers expected return, subsequent cash flows and relevant material events.

Major U.S. Plans

December 31, 2015

	U.S.
(in millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	2	$	—	$	—	$	32	$	34
Equity Securities		—		—		—		571		571
Debt Securities:
Government Bonds		—		—		—		924		924
Investment Grade Bonds		—		382		—		—		382
Real Estate		—		—		34		96		130
Global Balanced Asset Allocation Funds		—		—		—		492		492
Other:
Absolute Return		—		—		—		487		487
Private Equity		—		—		24		744		768
Derivatives with unrealized gains		5		—		—		—		5
	$	7	$	382	$	58	$	3,346	$	3,793

Major U.S. Plans

December 31, 2014

	U.S.
(in millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	1	$	—	$	—	$	114	$	115
Equity Securities		—		—		—		632		632
Debt Securities:
Government Bonds		—		—		—		989		989
Investment Grade Bonds		—		442		—		—		442
Real Estate		—		—		41		98		139
Global Balanced Asset Allocation Funds		—		—		—		587		587
Other:
Absolute Return		—		—		—		426		426
Private Equity		—		—		28		752		780
Derivatives with unrealized gains		50		—		—		—		50
	$	51	$	442	$	69	$	3,598	$	4,160

For Kodak’s major U.S. defined benefit pension plans, equity investments are invested broadly in U.S. equity, developed international equity, and emerging markets. Fixed income investments are comprised primarily of long duration U.S. Treasuries and investment-grade corporate bonds. Real estate investments primarily include investments in limited partnerships that invest in office, industrial, retail and apartment properties. Private equity investments are primarily comprised of limited partnerships and fund-of-fund investments that invest in distressed investments, venture capital, leveraged buyouts and special situations. Natural resource investments in oil and gas partnerships and timber funds are also included in this category. Absolute return investments are comprised of a diversified portfolio of hedge funds using equity, debt, commodity, and currency strategies held separate from the derivative-linked hedge funds described later in this footnote.

Major Non-U.S. Plans

December 31, 2015

	Non - U.S.
(in millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	5		$	—	$	—	$	16	$	21
Equity Securities		—			6		—		16		22
Debt Securities:
Government Bonds		—			39		—		117		156
Inflation-Linked Bonds		—			—		—		3		3
Investment Grade Bonds		—			45		—		45		90
Global High Yield & Emerging Market Debt		—			—		—		3		3
Real Estate		—			2		—		—		2
Global Balanced Asset Allocation Funds		—			—		—		47		47
Other:
Absolute Return		—			4		—		8		12
Private Equity		—			—		—		61		61
Insurance Contracts		—			311		—		—		311
Derivatives with unrealized gains		2			—		—		—		2
Derivatives with unrealized losses		(2	)		—		—		—		(2	)
	$	5		$	407	$	—	$	316	$	728

Major Non-U.S. Plans

December 31, 2014

	Non - U.S.
(in millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	4		$	—	$	—	$	32	$	36
Equity Securities		—			8		—		38		46
Debt Securities:
Government Bonds		—			39		—		114		153
Inflation-Linked Bonds		—			—		—		9		9
Investment Grade Bonds		—			37		—		—		37
Global High Yield & Emerging Market Debt		—			—		—		11		11
Real Estate		—			2		—		—		2
Global Balanced Asset Allocation Funds		—			1		—		90		91
Other:
Absolute Return		—			4		—		7		11
Private Equity		—			—		—		56		56
Insurance Contracts		—			340		—		—		340
Derivatives with unrealized gains		5			—		—		—		5
Derivatives with unrealized losses		(2	)		—		—		—		(2	)
	$	7		$	431	$	—	$	357	$	795

For Kodak’s major non-U.S. defined benefit pension plans, equity investments are invested broadly in local equity, developed international and emerging markets. Fixed income investments are comprised primarily of government and investment grade corporate bonds. Real estate investments primarily include investments in limited partnerships that invest in office, industrial, and retail properties. Private equity investments are comprised of limited partnerships and fund-of-fund investments that invest in distressed investments, venture capital and leveraged buyouts. Absolute return investments are comprised of a diversified portfolio of hedge funds using equity, debt, commodity, and currency strategies held separate from the derivative-linked hedge funds described later in this footnote.

For Kodak’s major defined benefit pension plans, certain investment managers are authorized to invest in derivatives such as futures, swaps, and currency forward contracts. Investments in derivatives are used to obtain desired exposure to a particular asset, index or bond duration and require only a portion of the total exposure to be invested as cash collateral. In instances where exposures are obtained via derivatives, the majority of the exposure value is available to be invested, and is typically invested, in a diversified portfolio of hedge fund strategies that generate returns in addition to the return generated by the derivatives. Of the December 31, 2015 investments shown in the major U.S. plans table above, 10% of the total pension assets represented equity securities exposure obtained via derivatives and are reported in equity securities, and 24% of the total pension assets represented U.S. government bond exposure, at 18 years target duration, obtained via derivatives and are reported in government bonds. Of the December 31, 2014 major U.S. plans investments, 9% and 25% of the total pension assets represented exposures to equity securities and U.S. government bonds (at 18 years target duration), respectively, obtained from the use of derivatives, and are reported in those respective classes.

Of the December 31, 2015 investments shown in the major Non-U.S. plans table above, 0% and 12% of the total pension assets represented derivatives exposures to equity securities and government bonds (at 13 years target duration), respectively, and are reported in those respective classes. Of the December 31, 2014 major Non-U.S. total pension investments, 1% and 9% of the total pension assets represented exposures to equity securities and government bonds (at 25 years target duration), respectively, obtained from the use of derivatives, and are reported in those respective classes.

The following is a reconciliation of the beginning and ending balances of level 3 assets of Kodak’s major U.S. defined benefit pension plans:

(in millions)
	U.S.
	Balance at January 1, 2015		Net Realized and Unrealized Gains/(Losses)		Net Purchases and Sales			Net Transfer Into/(Out of) Level 3		Balance at December 31, 2015
Real Estate	$	41	$	6	$	(13	)	$	—	$	34
Private Equity		28		1		(5	)		—		24
Total	$	69	$	7	$	(18	)	$	—	$	58

	U.S.
	Balance at January 1, 2014		Net Realized and Unrealized Gains/(Losses)			Net Purchases and Sales			Net Transfer Into/(Out of) Level 3		Balance at December 31, 2014
Real Estate	$	47	$	—		$	(6	)	$	—	$	41
Private Equity		54		(12	)		(14	)		—		28
Total	$	101	$	(12	)	$	(20	)	$	—	$	69

Kodak expects to contribute $4 million in 2016 for the major Non-U.S. defined benefit pension plans and does not expect to make a contribution to KRIP in 2016.

The following pension benefit payments, which reflect expected future service, are expected to be paid:

(in millions)			U.S.		Non-U.S.
2016			$	357	$	47
2017				341		47
2018				331		46
2019				321		46
2020				311		45
2021	-	2025		1,401		214

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Note 17 - Other Postretirement Benefits

12 Months Ended

Dec. 31, 2015

Postemployment Benefits [Abstract]

Postemployment Benefits Disclosure [Text Block]

NOTE 17: OTHER POSTRETIREMENT BENEFITS

The Company provided U.S. medical, dental, life insurance, and survivor income benefits to eligible retirees, long-term disability recipients and their spouses, dependents and survivors. Generally, to be eligible for these benefits, former employees leaving the Company prior to January 1, 1996 were required to be 55 years of age with ten years of service or their age plus years of service must have equaled or exceeded 75. For those leaving the Company after December 31, 1995, former employees were required to be 55 years of age with ten years of service or have been eligible as of December 31, 1995. These benefits are paid from the general assets of the Company as they are incurred.

The Company’s subsidiaries in Canada and the U.K. offer similar postretirement benefits. Information on the U.S., Canada and U.K. other postretirement plans is presented below.

On November 7, 2012, the Bankruptcy Court entered an order approving a settlement agreement between the Debtors and the Retiree Committee appointed by the U.S. Trustee which eliminated or reduced certain retiree benefits under the U.S. plan. The Company also eliminated all postretirement benefits for active employees in the U.S.

The measurement date used to determine the net benefit obligation for Kodak’s other postretirement benefit plans is December 31.

Changes in Kodak’s benefit obligation and funded status were as follows:

	Year Ended December 31,
(in millions)	2015			2014
Net benefit obligation at beginning of period	$	86		$	95
Interest cost		3			4
Plan participants’ contributions		7			9
Actuarial (gain) loss		(8	)		2
Benefit payments		(12	)		(18	)
Currency adjustments		2			(6	)
Net benefit obligation at end of period	$	78		$	86
Underfunded status at end of period	$	(78	)	$	(86	)

Amounts recognized in the Consolidated Statement of Financial Position consist of:

	As of December 31,
(in millions)	2015			2014
Other current liabilities	$	(5	)	$	(8	)
Pension and other postretirement liabilities		(73	)		(78	)
	$	(78	)	$	(86	)

Amounts recognized in Accumulated other comprehensive loss consist of:

	As of December 31,
(in millions)	2015			2014
Net actuarial gain	$	(8	)	$	—
Total recorded in Accumulated other comprehensive income	$	(8	)	$	—

Changes in benefit obligations recognized in Other comprehensive (loss) income consist of:

	Year Ended December 31,
(in millions)	2015			2014
Newly established loss	$	(8	)	$	(2	)
Total loss recognized in Other comprehensive (loss) income	$	(8	)	$	(2	)

Other postretirement benefit cost included:

	Successor						Predecessor
(in millions)	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
Components of net postretirement benefit cost:
Service cost	$	—	$	—	$	—	$	—
Interest cost		3		4		1		3
Amortization of:
Prior service credit		—		—		—		(75	)
Actuarial loss		—		—		—		3
Other postretirement benefit cost (income) from continuing operations	$	3	$	4	$	1	$	(69	)

The weighted-average assumptions used to determine the net benefit obligations were as follows:

	Year Ended December 31,
	2015			2014
Discount rate		3.60	%		3.49	%
Salary increase rate		1.80	%		2.60	%

The weighted-average assumptions used to determine the net postretirement benefit cost were as follows:

	Successor									Predecessor
	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Discount rate		3.49	%		4.28	%		4.09	%		3.23	%
Salary increase rate		2.60	%		2.50	%		2.50	%		2.50	%

The weighted-average assumed healthcare cost trend rates used to compute the other postretirement amounts were as follows:

	2015			2014
Healthcare cost trend		5.81	%		6.47	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)		4.21	%		4.65	%
Year that the rate reaches the ultimate trend rate	2022			2021

Assumed healthcare cost trend rates effect the amounts reported for the healthcare plans. A one-percentage point change in assumed healthcare cost trend rates would have the following effects:

(in millions)	1% increase		1% decrease
Effect on total service and interest cost	$	—	$	—
Effect on postretirement benefit obligation		4		(4	)

Kodak expects to make benefit payments of $5 million to these postretirement benefit plans in 2016.

The following other postretirement benefits, which reflect expected future service, are expected to be paid:

(in millions)
2016			$	5
2017				5
2018				5
2019				4
2020				4
2021	-	2025		19

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Note 18 - Earnings Per Share

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

NOTE 18: EARNINGS PER SHARE

Basic earnings per share are calculated using the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share calculations include any dilutive effect of potential common shares. In periods with a net loss from continuing operations, diluted earnings per share are calculated using weighted-average basic shares for that period, as utilizing diluted shares would be anti-dilutive to loss per share.

As a result of the net loss from continuing operations for the years ended December 31, 2015 and December 31, 2014 and four months ended December 31, 2013, Kodak calculated diluted earnings per share using weighted-average basic shares outstanding for those periods. If Kodak had reported earnings from continuing operations for the years ended December 31, 2015 and December 31, 2014 and four months ended December 31, 2013, the following potential shares of its common stock would have been dilutive in the computation of diluted earnings per share:

(in millions of shares)	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013
Unvested share-based awards		0.2		0.1		0.2
Warrants to purchase common shares		0.3		1.5		1.7
Total		0.5		1.6		1.9

The computation of diluted earnings per share for the years ended December 31, 2015 and December 31, 2014 also excluded 0.1 million shares associated with the assumed conversion of outstanding employee stock options because the effects would have been anti-dilutive. There were no employee stock options outstanding for the four months ended December 31, 2013.

The Predecessor Company reported earnings from continuing operations for the eight months ended August 31, 2013. However, the computation of diluted earnings per share for the eight months ended August 31, 2013 excluded the assumed conversion of outstanding employee stock options and detachable warrants to purchase common shares, and approximately $400 million of convertible senior notes due 2017 because the effects would have been anti-dilutive. The following table sets forth the total amount of outstanding employee stock options and detachable warrants to purchase common shares as of August 31, 2013:

	Predecessor
(in millions of shares)	Eight Months Ended August 31, 2013
Employee stock options		7.0
Detachable warrants to purchase common shares		40.0
Total		47.0

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Note 19 - Stock-based Compensation

12 Months Ended

Dec. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

NOTE 19: STOCK-BASED COMPENSATION

Kodak’s stock incentive plan is the 2013 Omnibus Incentive Plan (the “2013 Plan”). The 2013 Plan is administered by the Executive Compensation Committee of the Board of Directors.

Officers, directors and employees of the Company and its consolidated subsidiaries are eligible to receive awards. Stock options are generally non-qualified, are at exercise prices not less than 100% of the per share fair market value on the date of grant and expire seven years after the grant date. Stock-based compensation awards granted under Kodak’s stock incentive plan are generally subject to a three-year vesting period from the date of grant. Unless sooner terminated by the Executive Compensation Committee, no awards may be granted under the 2013 Plan after the tenth anniversary of the Effective Date.

The maximum number of shares of common stock that may be issued under the 2013 Plan is approximately 4.8 million. In addition, under the 2013 Plan, the maximum number of shares available for the grant of incentive stock options is 2.0 million shares. The maximum number of shares as to which stock options or stock appreciation rights may be granted to any one person under the 2013 Plan in any calendar year is 2.0 million shares. The maximum number of performance-based compensation awards that may be granted to any one employee under the 2013 Plan in any calendar year is 1.0 million shares or, in the event such award is paid in cash, $2.5 million. The maximum number of awards that may be granted to any non-employee director under the 2013 Plan in any calendar year may not exceed a number of awards with a grant date fair value of $900,000, computed as of the grant date.

Compensation expense is recognized on a straight-line basis over the service or performance period for each separately vesting tranche of the award and is adjusted for actual forfeitures before vesting. Kodak assesses the likelihood that performance-based shares will be earned based on the probability of meeting the performance criteria. For those performance-based awards that are deemed probable of achievement, expense is recorded, and for those awards that are deemed not probable of achievement, no expense is recorded. Kodak assesses the probability of achievement each quarter.

Restricted Stock Units

Restricted stock units are payable in shares of the Company common stock upon vesting. The fair value is based on the closing market price of the Company’s stock on the grant date. Compensation cost related to restricted stock units was $7 million for the years ended December 31, 2015 and 2014 and $1 million for the four months ending December 31, 2013.

As of December 31, 2015, there was $6 million of unrecognized compensation cost related to restricted stock units. The cost is expected to be recognized over a weighted average period of 1.5 years.

The following table summarizes information about restricted stock unit activity for the year ended December 31, 2015:

	Number of Restricted Stock Units			Weighted-Average Grant Date Fair Values
Outstanding on December 31, 2014		685,430		$	22.15
Granted		387,187		$	14.86
Vested		(237,957	)	$	21.73
Forfeited		(60,115	)	$	15.74
Outstanding on December 31, 2015		774,545		$	19.13

Stock Options

The following table summarizes information about stock option activity for the year ended December 31, 2015:

	Shares Under Option			Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life (Years)
Outstanding on December 31, 2014		781,321		$	22.56
Granted		783,476		$	15.31
Forfeited		(44,002	)	$	20.25
Outstanding on December 31, 2015		1,520,795		$	18.89		6.17
Exercisable on December 31, 2015		273,205		$	22.61		5.73
Expected to vest December 31, 2015		1,247,590		$	18.08		6.27

There was no intrinsic value of options outstanding and exercisable due to the fact that the market price of the Company’s common stock as of December 31, 2015 was below the weighted average exercise price of options. There were no options exercises in 2015.

The weighted average grant date fair value of options granted for the years ended December 31, 2015 and 2014 was $5.94 and $7.74, respectively. The total fair value of options that vested during the year ended December 31, 2015 was $2 million. No options vested during the year ended December 31, 2014 and no options were granted during the four months ended December 31, 2013. Compensation cost related to stock options for the years ended December 31, 2015 and 2014 was $4 million and $1 million, respectively.

As of December 31, 2015, there was $5 million of unrecognized compensation cost related to stock options. The cost is expected to be recognized over a weighted average period of 1.6 years.

The fair value of each option award is estimated on the date of grant using the Black-Scholes option valuation model that uses the assumptions in the following table. Public trading of the Company’s common stock began on September 23, 2013, providing limited historical data upon which to base assumptions. The expected term of options granted is the period of time the options are expected to be outstanding and is calculated using a simplified method based on the option’s vesting period and original contractual term. The expected volatility was generally based on the historical volatility of a set of publicly-traded benchmark companies, taking into consideration the difference in leverage between the Company and the benchmark companies. The risk-free rate was based on the yield on U.S. Treasury notes with a term equal to the option’s expected term.

The following inputs were used for the valuation of option grants issued in each year:

	For the Years Ended December 31,
	2015			2014
Weighted-average fair value of options granted		$5.94			$7.44
Weighted-average risk-free interest rate		1.46%			1.46%
Range of risk-free interest rates	1.26%	-	1.60%	1.39%	-	1.51%
Weighted-average expected option lives (years)		4.5			4.5
Expected option lives (years)		4.5			4.5
Weighted-average volatility		46%			39%
Range of expected volatilities	40%	-	49%	36%	-	42%
Weighted-average expected dividend yield		0.0%			0.0%

Stock-based Awards Classified as Liabilities 

Kodak will settle a portion of its 2015 incentive compensation plans with a variable amount of common stock based on the stock price at the time of settlement. The plans include minimum performance gates and annual performance metrics for 2015. The amount of incentive compensation to be paid is based on performance against the metrics. The fair value of the awards is determined based on a targeted dollar amount for the expected performance against the plans’ criteria as of the balance sheet date. The actual number of shares to be issued will be determined based on actual results achieved by Kodak and the stock price on the date of issuance. The shares will be issued under the 2013 Omnibus Incentive Plan. Stock compensation expense associated with these awards was approximately $6 million for the year ended December 31, 2015.

Predecessor

Prior to the Effective Date, Kodak had shares or share-based awards outstanding under two share-based employee compensation plans consisting of the 2005 Omnibus Long-Term Compensation Plan (the “2005 Plan”), and the 2000 Omnibus Long-Term Compensation Plan (the “2000 Plan”). In conjunction with the Plan (see Note 24, “Emergence from Voluntary Reorganization under Chapter 11 Proceedings”), all shares, options, restricted shares and other share-based awards that were outstanding on the Effective Date were canceled.

Kodak recognized stock-based compensation expense in the amount of $3 million for the eight months ended August 31, 2013. There were no proceeds from the issuance of common stock through stock option plans for the eight months ended August 31, 2013.

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Note 20 - Shareholders' Equity

12 Months Ended

Dec. 31, 2015

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

NOTE 20: SHAREHOLDERS’ EQUITY

In connection with the Company’s reorganization and emergence from bankruptcy, all shares of the Predecessor Company’s common stock were canceled. The Successor 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. As of December 31, 2015 and December 31, 2014 there were 42.0 million and 41.9 million shares of common stock outstanding, respectively, and no shares of preferred stock issued and outstanding.

On the Effective Date, the Company issued, to the holders of general unsecured claims and the retiree settlement unsecured claim, net-share settled warrants to purchase: (i) 2.1 million shares of common stock at an exercise price of $14.93 and (ii) 2.1 million shares of common stock at an exercise price of $16.12. The warrants are classified as equity instruments and reported within Additional paid in capital in the Consolidated Statement of Financial Position at their fair value as of the Effective Date ($24 million). As of December 31, 2015, there were warrants outstanding to purchase 3.6 million shares of common stock.

During each of the years ended December 31, 2015 and December 31, 2014, the Company repurchased shares of common stock for approximately $1 million to satisfy tax withholding obligations in connection with the issuance of stock to employees under the 2013 Plan. Treasury stock consisted of approximately 0.3 million shares and 0.2 million shares at December 31, 2015 and December 31, 2014, respectively.

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Note 21 - Other Comprehensive (Loss) Income

12 Months Ended

Dec. 31, 2015

Disclosure Text Block [Abstract]

Comprehensive Income (Loss) Note [Text Block]

NOTE 21: OTHER COMPREHENSIVE (LOSS) INCOME

The changes in Other comprehensive (loss) income, by component, were as follows:

(in millions)	Successor									Predecessor
	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Currency translation adjustments	$	(35	)	$	(33	)	$	1		$	4
Reclassification adjustment for losses included in Other charges (net), before tax		2			—			—			—
Reclassification adjustment for losses included in Other charges (net), net of tax		2			—			—			—
Pension and other postretirement benefit plan changes
Newly established prior service credit		4			61			6			—
Newly established net actuarial (loss) gain		(88	)		(278	)		95			393
Tax (benefit) provision		(5	)		7			(3	)		(14	)
Newly established prior service credit and net actuarial (loss) gain, net of tax		(89	)		(210	)		98			379
Reclassification adjustments:
Amortization of prior service credit (a)		(8	)		(3	)		—			(75	)
Amortization of actuarial (gains) losses (a)		(2	)		1			—			185
Recognition of losses due to settlements and curtailments (a)		1			10			—			1,563
Total reclassification adjustments		(9	)		8			—			1,673
Tax (provision)		—			—			—			(448	)
Reclassification adjustments, net of tax		(9	)		8			—			1,225
Pension and other postretirement benefit plan changes, net of tax		(98	)		(202	)		98			1,604
Other comprehensive (loss) income	$	(131	)	$	(235	)	$	99		$	1,608

^(a) Reclassified to Pension (income) expense - refer to Note 16, “Retirement Plans” and Note 17, “Other Postretirement Benefits” for additional information.

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Note 22 - Accumulated Other Comprehensive (Loss) Income

12 Months Ended

Dec. 31, 2015

Accumulated Other Comprehensive Income Loss [Abstract]

Accumulated Other Comprehensive Income Loss [Text Block]

NOTE 22: ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

Accumulated other comprehensive (loss) income is composed of the following:

	As of December 31,
(in millions)	2015			2014
Currency translation adjustments	$	(67	)	$	(32	)
Available for sale securities		2		$	—
Pension and other postretirement benefit plan changes		(202	)		(104	)
Ending balance	$	(267	)	$	(136	)

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Note 23 - Segment Information

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 23: SEGMENT INFORMATION

Effective January 1, 2015, Kodak has seven reportable segments: Print Systems, Enterprise Inkjet Systems, Micro 3D Printing and Packaging, Software and Solutions, Consumer and Film, Intellectual Property Solutions and Eastman Business Park. The balance of Kodak’s continuing operations, which do not meet the criteria of a reportable segment, are reported in All Other. Prior period segment results have been revised to conform to the current period segment reporting structure. A description of the reportable segments follows.

Print Systems: The Print Systems segment is comprised of two lines of business: Prepress Solutions and Electrophotographic Printing Solutions.

Enterprise Inkjet Systems: The Enterprise Inkjet Systems segment is comprised of two lines of business: Commercial Inkjet Printing Solutions and Digital Front-End Controllers.

Micro 3D Printing and Packaging: The Micro 3D Printing and Packaging segment is comprised of two lines of business: Packaging and Micro 3D Printing.

Software and Solutions: The Software and Solutions segment is comprised of two lines of business: Kodak Technology Solutions and Unified Workflow Solutions.

Consumer and Film: The Consumer and Film segment is comprised of three lines of business: Consumer Inkjet Solutions; Motion Picture, Industrial Chemicals and Films, and Consumer Products.

Intellectual Property Solutions: The Intellectual Property Solutions segment includes licensing and research and development activities not directly related to the other segments.

Eastman Business Park: The Eastman Business Park segment includes the operations of the Eastman Business Park, a more than 1,200 acre technology center and industrial complex.

All Other: All Other is composed of Kodak’s consumer film business in countries where that business had not yet transferred ownership to the KPP Purchasing Parties (as defined in Note 15 “Discontinued Operations”) and the RED utilities variable interest entity.

Segment financial information is shown below. Asset information by segment is not disclosed as this information is not separately identified and reported to the Chief Operating Decision Maker (“CODM”).

Net Revenues from Continuing Operations by Reportable Segment

	Successor						Predecessor
	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
(in millions)
Print Systems	$	1,106	$	1,257	$	485	$	844
Enterprise Inkjet Systems		173		185		83		133
Micro 3D Printing and Packaging		128		130		42		75
Software and Solutions		112		108		39		82
Consumer and Film		265		352		147		371
Intellectual Property Solutions		1		70		9		1
Eastman Business Park		13		14		4		4
All Other		—		—		3		36
Consolidated total	$	1,798	$	2,116	$	812	$	1,546

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 table below, Operational EBITDA represents the income (loss) from continuing operations excluding the provision (benefit) for income taxes; depreciation and amortization expense; corporate components of pension and OPEB income; restructuring costs; stock-based compensation expense; change in U.S. vacation benefits; consulting and other costs; idle costs; indirect costs previously allocated to discontinued operations; other operating (expense) income, net (unless otherwise indicated); loss on early extinguishment of debt; interest expense; other (charges) income, net; reorganization items, net and; in prior periods, the impact of certain fresh start accounting adjustments.

Kodak’s segments are measured using Operational EBITDA both before and after allocation of corporate selling, general and administrative expenses (“SG&A”). The segment earnings measure reported is after allocation of corporate SG&A as this most closely aligns with U.S. GAAP. Research and development activities not directly related to the other segments are reported within the Intellectual Property Solutions segment.

Change in Segment Measure of Profit and Loss

During the third quarter of 2015 a $3 million gain was recognized related to assets that were acquired for no monetary consideration. The gain was reported in Other operating (income) expense, net in the Consolidated Statement of Operations. Other operating (income) expense, net is typically excluded from the segment measure. However, this particular gain was included in the Micro 3D Printing and Packaging segment’s earnings for the year ended 2015. No other periods were impacted by this change.

Segment Operational EBITDA and Consolidated Loss from Continuing Operations Before Income Taxes

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Print Systems	$	98		$	93		$	38		$	32
Enterprise Inkjet Systems		(26	)		(44	)		(15	)		(34	)
Micro 3D Printing and Packaging (5)		9			(1	)		—			(3	)
Software & Solutions		9			3			(1	)		(11	)
Consumer & Film		52			66			34			127
Intellectual Property Solutions		(22	)		40			(2	)		(19	)
Eastman Business Park		2			1			4			1
Total of reportable segments		122			158			58			93
All Other		5			5			4			5
Depreciation and amortization		(145	)		(199	)		(75	)		(97	)
Corporate components of pension and OPEB income (1)		133			110			67			43
Restructuring costs and other		(38	)		(59	)		(17	)		(45	)
Stock-based compensation		(18	)		(8	)		(1	)		(3	)
Change in U.S. vacation benefits (4)		17			—			—			—
Consulting and other costs (2)		(13	)		(6	)		(2	)		—
Idle costs (3)		(3	)		(4	)		—			1
Costs previously allocated to discontinued operations		(1	)		(4	)		(5	)		(35	)
Fresh start adjustments		—			—			(73	)		—
Other operating (expense) income, net excluding gain related to Unipixel termination (5)		(5	)		(9	)		(2	)		495
Loss on early extinguishment of debt, net		—			—			—			(8	)
Interest expense		(63	)		(62	)		(22	)		(106	)
Other charges, net		(21	)		(21	)		10			(13	)
Reorganization items, net		(5	)		(13	)		(16	)		2,026
Consolidated (loss) earnings from continuing operations before income taxes	$	(35	)	$	(112	)	$	(74	)	$	2,356

⁽¹⁾ Composed of interest cost, expected return on plan assets, amortization of actuarial gains and losses, and curtailments and settlement components of pension and other postretirement benefit expenses.

⁽²⁾ Consulting and other costs are primarily related to professional services provided for corporate strategic initiatives in the current year periods. The prior year periods primarily represent the cost of AlixPartners filling interim executive positions which are not captured within “Reorganization items, net” as well as consulting services provided by former executives during transitional periods.

⁽³⁾ 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.

⁽⁴⁾ In the fourth quarter of 2015, Kodak changed the timing of when U.S. employees earn their vacation benefits which reduced the related accrual as of December 31, 2015.

⁽⁵⁾ In 2015 a $3 million gain was recognized related to assets that were acquired for no monetary consideration as a part of the termination of the relationship with Unipixel. The gain was reported in Other operating (income) expense, net in the Consolidated Statement of Operations. Other operating (income) expense, net is typically excluded from the segment measure. However, this particular gain was included in the Micro 3D Printing and Packaging segment’s earnings in 2015.

Amortization and depreciation expense by segment are not included in the segment measure of profit and loss but are regularly provided to the CODM.

(in millions)	Successor						Predecessor
Intangible asset amortization expense from continuing operations:	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
Print Systems	$	9	$	9	$	3	$	6
Enterprise Inkjet Systems		4		4		1		2
Micro 3D Packaging & Printing		9		9		3		1
Software & Solutions		2		2		1		1
Consumer & Film		1		1		—		—
Consolidated total	$	25	$	25	$	8	$	10

(in millions)	Successor						Predecessor
Depreciation expense from continuing operations:	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31,2013		Eight Months Ended August 31,2013
Print Systems	$	39	$	51	$	19	$	34
Enterprise Inkjet Systems		12		12		5		8
Micro 3D Packaging & Printing		6		8		3		4
Software & Solutions		1		2		1		2
Consumer & Film		30		65		23		23
Intellectual Property Solutions		2		8		4		2
Eastman Business Park		6		11		7		7
Sub-total		96		157		62		80
Other		16		15		5		3
Restructuring-related depreciation		8		2		—		4
Consolidated total	$	120	$	174	$	67	$	87

Geographic Information

(in millions)	Successor						Predecessor
Net sales to external customers attributed to (1):	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
The United States	$	622	$	751	$	243	$	519
Europe, Middle East and Africa		597		727		287		548
Asia Pacific		402		451		207		330
Canada and Latin America		177		187		75		149
Non U.S. countries total		1,176		1,365		569		1,027
Consolidated total	$	1,798	$	2,116	$	812	$	1,546

⁽¹⁾ Sales are reported in the geographic area in which they originate. No non-U.S. country generated more than 10% of net sales in the years ended December 31, 2015 and December 31, 2014, four months ended December 31, 2013 or eight months ended August 31, 2013.

(in millions)	As of December 31,
Property, plant and equipment, net located in:	2015		2014		2013
The United States	$	217	$	271	$	378
Europe, Middle East and Africa		55		68		91
Asia Pacific		76		75		83
Canada and Latin America		78		110		132
Non U.S. countries total (1)		209		253		306
Consolidated total	$	426	$	524	$	684

⁽¹⁾ Of the total non U.S. property, plant and equipment in 2015, $64 million are located in Brazil and $60 million are located in China. Of the total non U.S. property, plant and equipment in 2014, $95 million are located in Brazil and $59 million are located in China. Of the total non U.S. property, plant and equipment in 2013, $113 million are located in Brazil. No other non U.S. country had greater than 10% of property, plant and equipment in 2015, 2014 or 2013.

Major Customers

No single customer represented 10% or more of Kodak’s total net revenue in any year presented.

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Note 24 - Emergence from Voluntary Reorganization under Chapter 11 Proceedings

12 Months Ended

Dec. 31, 2015

Reorganizations [Abstract]

Reorganization under Chapter 11 of US Bankruptcy Code Disclosure [Text Block]

NOTE 24: EMERGENCE FROM VOLUNTARY REORGANIZATION UNDER CHAPTER 11 PROCEEDINGS

PLAN OF REORGANIZATION

On August 23, 2013, the Bankruptcy Court entered an order (the “Confirmation Order”) confirming the revised First Amended Joint Chapter 11 Plan of Reorganization of Eastman Kodak Company and its Debtor Affiliates (the “Plan”). On September 3, 2013 (the “Effective Date”), the Plan became effective and the Debtors emerged from the Chapter 11 Cases.

On or following the Effective Date and pursuant to the terms of the Plan, the following occurred:

• The Debtors’ obligations under the second lien notes indentures, unsecured notes indentures, stock certificates, equity interests, and / or any other instrument or document directly or indirectly evidencing or creating any indebtedness or obligation of, or ownership interest in, the Debtors or giving rise to any claim or equity interest were cancelled, except as provided under the Plan;

• The Company’s certificate of incorporation was amended and restated to authorize the issuance of 560 million shares of stock, consisting of 60 million shares of preferred stock, no par value, and 500 million shares of common stock, par value $0.01 per share;

• The Company entered into a senior secured first lien term loan agreement and senior secured second lien term loan agreement for an aggregate principal amount of $695 million and a $200 million senior secured asset-based revolving credit facility;

• The Company issued 34 million shares of common stock to unsecured creditors and the Backstop Parties (as defined below) at a per share price of $11.94, for an aggregate purchase price of approximately $406 million. In addition, the Company issued 1.7 million shares of common stock to the Backstop Parties in payment of fees pursuant to the Backstop Commitment Agreement (as defined below);

• The Company issued 6 million shares of common stock and net-share settled warrants to purchase: (i) approximately 2.1 million shares of new common stock at an exercise price of $14.93 and (ii) approximately 2.1 million shares of new common stock at an exercise price of $16.12, to the holders of general unsecured and retiree committee unsecured claims;

• The Debtors established a liquidating trust (the “Kodak GUC Trust”) for the benefit of holders of general unsecured and retiree committee unsecured claims, into which certain avoidance actions of the Debtors were transferred;

• The Debtors paid approximately $94 million in administrative, priority or secured claims; and

• The Debtors resolved claims held by the Kodak Pension Plan of the United Kingdom (the “U.K. Pension Plan”) pursuant to the terms of the Global Settlement (as defined below).

Backstop Commitment Agreement and Rights Offering

On June 26, 2013, the Bankruptcy Court approved the Company’s entry into a backstop commitment agreement (the “Backstop Commitment Agreement”) with GSO Capital Partners LP, on behalf of various managed funds, BlueMountain Capital Management, LLC, on behalf of various managed funds, George Karfunkel, United Equities Commodities Company, Momar Corporation and Contrarian Capital Management, LLC, on behalf of Contrarian Funds, LLC (collectively, the “Backstop Parties”), associated with rights offerings to offer eligible creditors, including the Backstop Parties, up to 34 million shares of common stock for the per share purchase price of $11.94, or an aggregate purchase price of approximately $406 million.

A portion of the shares issued in the rights offerings are restricted securities for purposes of Rule 144 under the Securities Act of 1933 and may not be offered, sold or otherwise transferred absent registration under the Securities Act of 1933 or an applicable exemption from registration requirements. The shares issued to participants in the rights offerings were issued in reliance upon the exemption from registration under the Securities Act of 1933 provided by Regulation D thereunder and/or Section 4(a)(2) thereof; or under Section 1145 of the Bankruptcy Code as securities of a debtor issued principally in exchange for claims against a debtor and partly in exchange for cash pursuant to a plan of reorganization.

Registration Rights Agreement

On the Effective Date, the Company and the Backstop Parties executed a registration rights agreement (the “Registration Rights Agreement”). The Registration Rights Agreement, among other rights, provides the Backstop Parties with certain registration rights with respect to the common stock.

Stockholders holding registrable securities representing 25% of the outstanding common stock as of the Effective Date may require the Company to facilitate a registered offering of registrable securities; provided that if such registration has not been consummated prior to the second anniversary of the Effective Date, stockholders holding registrable securities representing 10% of the outstanding common stock as of the Effective Date may require the Company to facilitate such an offering (such offering, the “Initial Registration”). The registrable securities requested to be sold in the Initial Registration must have an aggregate market value of at least $75 million.

Following the Initial Registration, stockholders holding 10% or more of the outstanding registrable securities may demand that the Company file a shelf registration statement and effectuate one or more takedowns off of such shelf, or, if a shelf is not available, effectuate one or more stand-alone registered offerings, provided that such non-shelf registered offerings or shelf takedowns may not be requested more than four times and, in each case, shall include shares having an aggregate market value of at least $75 million. Beginning on the second anniversary of the Effective Date, upon request of a stockholder, the Company shall amend its existing shelf registration statement to register additional registrable securities as set forth in the Registration Rights Agreement. Stockholders also have the right to include their registrable securities in the Initial Registration or any other non-shelf registered offering or shelf takedown of the common stock by the Company for its own account or for the account of any holders of common stock.

KPP Global Settlement

The Company had previously issued (pre-petition) a guarantee to Kodak Limited (the “Subsidiary”) and KPP Trustees Limited (“KPP” or the “Trustee”), as trustee for the U.K. Pension Plan. Under that arrangement, EKC guaranteed to the Subsidiary and the Trustee the ability of the Subsidiary, only to the extent it became necessary to do so, to (1) make contributions to the U.K. Pension Plan to ensure sufficient assets existed to make plan benefit payments, as they became due, if the Subsidiary otherwise would not have sufficient assets and (2) make contributions to the U.K. Pension Plan such that it would achieve fully funded status by the funding valuation for the period ending December 31, 2022.

The Subsidiary agreed to make certain contributions to the U.K. Pension Plan as determined by a funding plan agreed to by the Trustee. The Subsidiary did not pay the annual contributions due by the funding plan for 2012 or 2013. The Trustee asserted an unsecured claim against the Company of approximately $2.8 billion under the guarantee. The Subsidiary also asserted an unsecured claim under the guarantee for an unliquidated amount. The Trustee also asserted an unliquidated claim against all Debtors, as financial support direction and contribution notice claims.

On April 26, 2013, Eastman Kodak Company, the Trustee, Kodak Limited and certain other Kodak entities entered into a global settlement agreement (the “Global Settlement”) that resolved all liabilities of Kodak with respect to the U.K. Pension Plan. The Global Settlement also provided for the acquisition by KPP and/or its subsidiaries of certain assets, and the assumption by KPP and/or its subsidiaries of certain liabilities of Kodak’s Personalized Imaging and Document Imaging businesses (together the “Business”) under a Stock and Asset Purchase Agreement dated April 26, 2013 (the “SAPA”).

On August 30, 2013, the Company entered into an agreement (the “Amended SAPA”) amending and restating the SAPA. The Amended SAPA provided for, among other things, a series of deferred closings to take place in certain foreign jurisdictions following the initial closing under the Amended SAPA. The deferred closings implemented the legal transfer of the Business to KPP subsidiaries in the deferred closing foreign jurisdictions in accordance with local law. Pursuant to the Amended SAPA, Kodak operated the Business relating to the deferred closing jurisdictions, subject to certain covenants, until the applicable deferred closing occurred, and delivered to (or received from) a KPP subsidiary at each deferred closing a payment reflecting the actual economic benefit (or detriment) to the Business in the applicable deferred closing jurisdiction(s) from September 1, 2013 through the time of the applicable deferred closing. Up to the time of the deferred closing, the results of the operations of the Business were reported as Loss (earnings) from discontinued operations, net of income taxes in the Consolidated Statement of Operations and the assets and liabilities of the Business were categorized as Assets held for sale or Liabilities held for sale in the Consolidated Statement of Financial Position, as appropriate.

On the Effective Date, the following occurred pursuant to the Amended SAPA and Global Settlement:

• The acquisition by KPP Holdco Limited (“KPP Holdco”), a wholly owned subsidiary of KPP, and certain direct and indirect subsidiaries of KPP Holdco (together with KPP Holdco, the “KPP Purchasing Parties”), of certain assets of the Business, and the assumption by the KPP Purchasing Parties of certain liabilities of the Business, for a total purchase price, exclusive of the assumption of liabilities, of $650 million, of which a gross $525 million was paid in cash (net cash consideration of $325 million) and the balance of which was settled by a $125 million note issued by the KPP (the “KPP Note”).

• The KPP Note was cancelled after being assigned by the Company to the Subsidiary and subsequently assigned by the Subsidiary to KPP as settlement, by way of setoff, of an equal amount of outstanding pension liabilities of the Subsidiary to KPP.

• The cash consideration was comprised of $325 million sourced from assets of the U.K. Pension Plan and $200 million sourced from a payment by the Subsidiary to KPP as payment for outstanding pension liabilities of the Subsidiary to KPP.

• Up to $35 million in aggregate of the purchase price is subject to repayment to KPP if the Business does not achieve certain annual adjusted EBITDA targets over the four-year period ending December 31, 2018.

SECTION 363 ASSET SALES

On February 1, 2013, Kodak entered into a series of agreements related to the monetization of certain of its intellectual property assets, including the sale of its digital imaging patents. Under these agreements, Kodak received approximately $530 million, a portion of which was paid by twelve licensees that received a license to the digital imaging patent portfolio and other patents owned by Kodak. Another portion was paid by Intellectual Ventures Fund 83 LLC (“Intellectual Ventures”) and Apple, Inc., each of which acquired a portion of the digital imaging patent portfolio, subject to the licenses granted to the twelve new licensees, and previously existing licenses. In addition, Kodak retained a license to the digital imaging patents for its own use. In connection with this transaction, the Company entered into a separate agreement with FUJIFILM Corporation (“Fuji”) whereby, among other things, Fuji granted Kodak the right to sub-license certain Fuji patents to businesses Kodak ultimately sold as part of the Plan. The Debtors also agreed to allow Fuji a general unsecured claim against the Debtors in the amount of $70 million that was discharged pursuant to the terms of the Plan.

EASTMAN BUSINESS PARK SETTLEMENT AGREEMENT

On June 17, 2013, the Company, the New York State Department of Environmental Conservation and the New York State Urban Development Corporation, d/b/a Empire State Development entered into a settlement agreement, subsequently amended on August 6, 2013 (the “Amended EBP Settlement Agreement”). The Amended EBP Settlement Agreement was subject to the satisfaction or waiver of certain conditions including a covenant not to sue from the EPA. On May 13, 2014, the Bankruptcy Court approved the U.S. Environmental Settlement, which contained the EPA covenant not to sue, and on May 20, 2014 the Amended EBP Settlement Agreement was implemented and became effective. The Amended EBP Settlement Agreement included the settlement of certain of the Company’s historical environmental liabilities at EBP through the establishment of the EBP Trust as follows: (i) the EBP Trust is responsible for investigation and remediation at EBP arising from the Company’s historical subsurface environmental liabilities in existence prior to the effective date of the Amended EBP Settlement Agreement, (ii) the Company funded the EBP Trust on the effective date with a $49 million cash payment and transferred certain equipment and fixtures used for remediation at EBP and (iii) in the event the historical liabilities exceed $99 million, the Company will become liable for 50% of the portion above $99 million. Prior to the implementation of the Amended EBP Settlement Agreement, $49 million was already held in a separate trust and escrow account.

OTHER POSTEMPLOYMENT BENEFITS

On November 7, 2012, the Bankruptcy Court entered an order approving a settlement agreement between the Debtors and the Official Committee of Retired Employees appointed by the U.S. Trustee under the chapter 11 proceedings (the “Retiree Committee”). Under the settlement agreement, the Debtors no longer provide retiree medical, dental, life insurance and survivor income benefits to current and future retirees after December 31, 2012 (other than COBRA continuation coverage of medical and/or dental benefits or conversion coverage as required by applicable benefit plans or applicable law), and the Retiree Committee established a trust from which some limited benefits for some retirees may be provided after December 31, 2012. The trust or related account was funded by the following contributions from the Debtors: $7.5 million in cash paid by the Company in the fourth quarter of 2012, an administrative claim against the Debtors in the amount of $15 million that was paid on the Effective Date, and a general unsecured claim against the Debtors in the amount of $635 million that was discharged upon emergence from chapter 11 pursuant to the terms of the Plan.

RETIREES’ SETTLEMENT

The Debtors’ estimated allowed claims for pre-petition obligations for the Kodak Excess Retirement Income Plan (the “KERIP”), the Kodak Unfunded Retirement Income Plan (the “KURIP”), the Kodak Company Global Pension Plan for International Employees, and individual letter agreements with certain current and former employees that provided for supplemental non-qualified pension benefits were reported as Liabilities subject to compromise in the accompanying Consolidated Statement of Financial Position.

On April 30, 2013, Eastman Kodak Retirees Association Ltd. and certain holders of KERIP and KURIP claims (together with the Debtors, the “Settlement Parties”) filed a motion (the “Motion”) requesting that the Bankruptcy Court appoint a committee pursuant to section 1102(a)(2) of the Bankruptcy Code, to represent the interests of the holders of the KERIP and KURIP claims, and asserted that they and certain other holders of the KERIP and KURIP claims disagreed with the underlying discount rates and mortality tables used by the Debtors to calculate the KERIP and KURIP estimated allowed claim amounts. Subsequent to the filing of the Motion, the Settlement Parties entered into a stipulation (the “Stipulation”) approved by an order of the Bankruptcy Court, which became effective on July 18, 2013, for a total allowed claim of approximately $244 million. During August 2013 a provision for expected allowed claims of approximately $27 million was reflected in Reorganization Items, net in the accompanying Consolidated Statement of Operations to increase the recorded liability to what was ultimately agreed to in the Stipulation.

On the Effective Date, the claim was discharged upon emergence pursuant to the terms of the Plan.

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Note 25 - Fresh Start Accounting

12 Months Ended

Dec. 31, 2015

Fresh Start Accounting [Abstract]

Fresh Start Accounting [Text Block]

NOTE 25: FRESH START ACCOUNTING

In connection with the Company’s emergence from chapter 11, Kodak applied the provisions of fresh start accounting to its financial statements as (i) the holders of existing voting shares of the Predecessor Company received less than 50% of the voting shares of the emerging entity and (ii) the reorganization value of Kodak’s assets immediately prior to confirmation was less than the post-petition liabilities and allowed claims. Kodak applied fresh start accounting as of September 1, 2013.

Upon the application of fresh start accounting, Kodak allocated the reorganization value to its individual assets based on their estimated fair values. Reorganization value represents the fair value of the Successor Company’s assets before considering liabilities. The excess reorganization value over the fair value of identified tangible and intangible assets is reported as goodwill.

Reorganization Value

In support of the Plan, the enterprise value of the Successor Company was estimated to be in the range of $875 million to $1.4 billion. As part of determining the reorganization value, Kodak estimated the enterprise value of the Successor Company to be $1 billion utilizing the guideline public company method and discounted cash flow method.

To estimate fair value utilizing the guideline public company method, Kodak applied valuation multiples, derived from the operating data of publicly-traded benchmark companies, to the same operating data of Kodak. The comparable public company analysis identified a group of comparable companies giving consideration to lines of business and markets served, size and geography. The valuation multiples were derived based on projected financial measures of revenue and earnings before interest, taxes, depreciation and amortization (“EBITDA”) and applied to projected operating data of Kodak. The range of multiples for the comparable companies was between .2x-.9x of revenue and 2.5x-8.0x of EBITDA.

To estimate fair value utilizing the discounted cash flow method, Kodak established an estimate of future cash flows for the period ranging from September 1, 2013 to December 31, 2022 and discounted the estimated future cash flows to present value. The expected cash flows for the period September 1, 2013 to December 31, 2017 were based on the financial projections and assumptions utilized in the disclosure statement. The expected cash flows for the period January 1, 2018 to December 31, 2022 were derived from earnings forecasts and assumptions regarding growth and margin projections, as applicable. A terminal value was included, calculated using the constant growth method, based on the cash flows of the final year of the forecast period.

The discount rate of 29% was estimated based on an after-tax weighted average cost of capital (“WACC”) reflecting the rate of return that would be expected by a market participant. The WACC also takes into consideration a company specific risk premium reflecting the risk associated with the overall uncertainty of the financial projections used to estimate future cash flows.

As the valuation approaches produced comparable ranges of enterprise value, Kodak selected equal weighting of the guideline public company method and discounted cash flow method to estimate the enterprise value.

The following table reconciles the enterprise value to the estimated fair value of Successor common stock as of the Effective Date:

(in millions, except share and per share value)
Enterprise value	$	1,000
Plus: Cash and cash equivalents		898
Less: Other non-operating liabilities		18
Less: Fair value of debt and capitalized lease obligations		734
Less: Fair value of pension and other postretirement obligations		533
Less: Fair value of warrants		24
Fair value of Successor common stock	$	589
Shares outstanding at September 3, 2013		41,753,211
Per share value	$	14.11

The fair value of debt and capitalized lease obligations represents $44 million of short term borrowings, $14 million of capitalized lease obligations and $676 million of long-term debt. The fair value of long-term debt was determined based on a market approach utilizing market yields and was estimated to be approximately 97% of par value. The fair value of capitalized lease obligations was determined based on market rents while the fair value of short term debt approximated its carrying value.

The fair value of pension and other post retirement obligations was determined based on a discounted cash flow method of expected cash contributions/benefit payments for the period of September 1, 2013 to December 31, 2099. The expected cash contributions were discounted to present value using a discount rate of 3.5%.

The fair value of the warrants was estimated using a Black-Scholes pricing model with the following assumptions: implied stock price of $14.11; strike price of $14.93 for 125% warrants and $16.12 for 135% warrants; expected volatility of 47% for 125% warrants and 48% for 135% warrants; expected dividend rate of 0.0%; risk free interest rate of 1.67%; expiration date of five years.

The following table reconciles the enterprise value to the estimated reorganization value as of the Effective Date:

(in millions)
Enterprise value	$	1,000
Plus: Cash and cash equivalents		898
Plus: Fair value of noncontrolling interests		10
Plus: Fair value of non-debt liabilities		2,088
Less: Fair value of pension and other postretirement obligations		533
Reorganization value of Successor assets	$	3,463

The fair value of non-debt liabilities represents total liabilities of the Successor Company on the Effective Date less Short term borrowings and current portion of long-term debt, Long-term debt, net of current portion, $14 million in capital lease obligations and $18 million in other non-operating liabilities.

Consolidated Statement of Financial Position

The adjustments set forth in the following consolidated Statement of Financial Position reflect the effect of the consummation of the transactions contemplated by the Plan (reflected in the column “Reorganization Adjustments”) as well as fair value adjustments as a result of the adoption of fresh start accounting (reflected in the column “Fresh Start Adjustments”). The explanatory notes highlight methods used to determine fair values or other amounts of the assets and liabilities as well as significant assumptions or inputs.

(in millions)	Predecessor Company (a)			Reorganization Adjustments				Fresh Start Adjustments				Successor Company
ASSETS
Current Assets
Cash and cash equivalents	$	1,070		$	(172	)	(1)	$	—			$	898
Restricted cash		24			98		(2)		—				122
Receivables, net		492			—				—				492
Inventories, net		435			—				67		(21)		502
Assets held for sale		109			—				8		(22)		117
Other current assets		77			8		(3)		(42	)	(23)		42
					(1	)	(4)
Total current assets		2,207			(67	)			33				2,173
Property, plant & equipment, net		507			—				220		(24)		727
Goodwill		56			—				32		(25)		88
Intangible assets, net		43			—				192		(26)		235
Deferred income taxes		22			(21	)	(3)		55		(23)		56
Other long-term assets		202			15		(5)		(26	)	(27)		184
					8		(6)		(8	)	(28)
					(8	)	(7)		1		(29)
TOTAL ASSETS	$	3,037		$	(73	)		$	499			$	3,463
LIABILITIES AND EQUITY (DEFICIT)
Current Liabilities
Accounts payable, trade	$	317		$	6		(8)	$	—			$	339
					3		(9)
					13		(10)
Short-term borrowings and current portion of long-term debt		681			(641	)	(11)		—				44
					4		(12)
Other current liabilities		600			(17	)	(13)		(8	)	(30)		586
					(13	)	(3)		(14	)	(29)
					38		(14)
Liabilities held for sale		45			—				(3	)	(22)		42
Total current liabilities		1,643			(607	)			(25	)			1,011
Long-term debt, net of current portion		370			(370	)	(15)		11		(31)		676
					665		(16)
Pension and other postretirement liabilities		411			156		(17)		178		(29)		745
Other long-term liabilities		318			61		(17)		82		(23)		408
									(53	)	(32)
Liabilities subject to compromise		2,475			(2,475	)	(17)		—				—
Total liabilities		5,217			(2,570	)			193				2,840
Equity (Deficit)
Common stock (Successor)		—			—		(18)		—				—
Additional paid in capital (Successor)		—			540		(18)		73		(33)		613
Common stock (Predecessor)		978			(978	)	(19)		—				—
Additional paid in capital (Predecessor)		1,105			(1,105	)	(19)		—				—
Retained earnings (deficit)		2,446			(1,671	)	(20)		(775	)	(34)		—
Accumulated other comprehensive loss		(1,008	)		—				1,008		(34)		—
		3,521			(3,214	)			306				613
Less: Treasury stock (Predecessor)		(5,711	)		5,711		(19)		—				—
Total Eastman Kodak Company shareholders’ (deficit) equity		(2,190	)		2,497				306				613
Noncontrolling interests		10			—				—				10
Total equity (deficit)		(2,180	)		2,497				306				623
TOTAL LIABILITIES AND EQUITY (DEFICIT)	$	3,037		$	(73	)		$	499			$	3,463

(a) On the Effective Date, Kodak completed the sale of substantially all of its assets constituting the Personalized Imaging and Document Imaging businesses to KPP Holdco Limited. This transaction has been reflected in the Predecessor Company period. Refer to Note 27, “Discontinued Operations” for additional information.

Reorganization adjustments

⁽¹⁾ Reflects the net cash payments recorded as of the Effective Date from implementation of the Plan:

(in millions)
Sources:
Net proceeds from Emergence Credit Facilities	$	664
Proceeds from Rights Offerings		406
Total sources			$	1,070
Uses:
Repayment of Junior DIP Term Loans	$	644
Repayment of Second Lien Notes		375
Claims paid at emergence		94
Funding of escrow accounts		113
Other fees and expenses		16
Total uses				1,242
Net uses			$	(172	)

Other fees and expenses represent $7 million payment for accrued and unpaid interest related to the repayment of debt and $9 million payment for emergence and success fees, which is included in Reorganization items, net in the Consolidated Statement of Operations.

⁽²⁾ Reflects the funding of $80 million to the professional fee escrow account for professional fees accrued at emergence and $18 million related to the EBP Settlement Agreement. Refer to Note 24, “Emergence from Voluntary Reorganization under Chapter 11 Proceedings” for additional information regarding the EBP Settlement Agreement.

⁽³⁾ Reflects the expiration of tax attributes, which was fully offset by a corresponding decrease in Kodak’s U.S. valuation allowance, as a result of the Debtors’ emergence from chapter 11 bankruptcy proceedings. Refer to Note 14, “Income Taxes” for additional information.

⁽⁴⁾ Represents the write-off of unamortized debt issuance costs of $1 million related to the Junior DIP Credit Agreement upon repayment in full of all outstanding term loans on the Effective Date. This amount has been included in Reorganization items, net in the Consolidated Statement of Operations.

⁽⁵⁾ Represents the funding of $15 million in cash collateralization for letters of credit under the ABL Credit Facility.

⁽⁶⁾ Represents $8 million of debt issuance costs incurred related to the Emergence Credit Facilities.

⁽⁷⁾ Represents the write-off of $5 million of deferred debt issuance costs upon repayment in full of all loans outstanding under the 9.75% senior secured notes due 2018 and 10.625% senior secured notes due 2019 and the write-off of $3 million of deferred equity issuance costs. These amounts have been included in Reorganization items, net in the Consolidated Statement of Operations.

⁽⁸⁾ Represents $6 million in claims expected to be satisfied in cash that were reclassified from Liabilities subject to compromise.

⁽⁹⁾ Represents $3 million of accrued expenses related to the Emergence Credit Facilities that have been deferred and recorded as part of Other Current assets.

⁽¹⁰⁾ Represents $13 million in success fees accrued upon emergence that have been included in Reorganization items, net in the Consolidated Statement of Operations.

⁽¹¹⁾ On the Effective Date, the Company repaid in full all term loans outstanding under the Junior DIP Credit Agreement for an aggregate remaining principal amount of approximately $644 million offset by $3 million of unamortized debt discount that was written off upon repayment of the debt and is included in Reorganization items, net in the Consolidated Statement of Operations.

⁽¹²⁾ Represents $4 million of principal amount recorded as short-term borrowings pursuant to the terms of the Emergence Credit Facility.

⁽¹³⁾ On the Effective Date, the Company paid $7 million of accrued and unpaid interest related to the repayment of debt and $10 million in administrative claims that was included within Other current liabilities.

⁽¹⁴⁾ Represents $29 million in claims expected to be settled in cash and $9 million of liabilities that have been retained by Kodak in accordance with the Plan that have been reclassified from Liabilities subject to compromise.

⁽¹⁵⁾ On the Effective Date, the Company repaid in full all loans outstanding under the 9.75% senior secured notes due 2018 and 10.625% senior secured notes due 2019 for an aggregate principal amount of approximately $375 million offset by $5 million of unamortized debt discount that was written off upon repayment of the debt and is included in Reorganization items, net in the Consolidated Statement of Operations.

⁽¹⁶⁾ Upon issuance of the Term Loans under the Emergence Credit Facility, the Company received net proceeds of approximately $669 million, of which $4 million of the principal amount of the loans is recorded as short-term borrowings pursuant to the terms of the Emergence Credit Facility.

⁽¹⁷⁾ Liabilities subject to compromise were settled as follows in accordance with the Plan:

(in millions)
Liabilities subject to compromise of the Predecessor Company (LSTC)			$	2,475
Cash payments at emergence from LSTC				(84	)
Claims expected to be satisfied in cash				(35	)
Liabilities reinstated at emergence:
Pension and other postretirement liabilities	(156	)
Environmental obligations	(61	)
Other current liabilities	(9	)
Total liabilities reinstated at emergence				(226	)
Fair value of equity issued to unsecured creditors				(85	)
Fair value of warrants issued to unsecured creditors				(24	)
Gain on settlement of liabilities subject to compromise			$	2,021

Refer to explanation #18 for the determination of fair value for equity issued to unsecured creditors.

⁽¹⁸⁾ Reflects the issuance of 34 million shares of common stock at a per share price of $11.94 in connection with the Rights Offering, 6 million shares of common stock issued to the holders of general unsecured and retiree committee unsecured claims valued at $14.11 per share, 1.7 million shares of common stock valued at $14.11 per share issued to the Backstop Parties in connection with the Backstop Commitment Agreement, 0.1 million shares of common stock issued under Kodak’s 2013 Omnibus Incentive Plan on the Effective Date, and issuance of warrants valued at $24 million.

⁽¹⁹⁾ Reflects the cancellation of Predecessor Company equity to retained earnings.

⁽²⁰⁾ Reflects the cumulative impact of the reorganization adjustments discussed above:

(in millions)
Gain on settlement of liabilities subject to compromise	$	2,021
Fair value of shares issued to Backstop Parties and employees		(25	)
Write-off of unamortized debt discounts and debt issuance costs		(14	)
Success fees accrued at emergence		(13	)
Emergence and success fees paid at emergence		(9	)
Write-off of deferred equity issuance costs		(3	)
Net gain on reoganization adjustments		1,957
Cancellation of Predecessor Company equity		(3,628	)
Net impact to Retained earnings (deficit)	$	(1,671	)

The net gain on reorganization adjustments has been included in Reorganization items, net in the Consolidated Statement of Operations.

Fresh Start adjustments

⁽²¹⁾ An adjustment of $67 million was recorded to increase the net book value of inventories to their estimated fair value, which was determined as follows:

• Fair value of finished goods inventory were determined based on the estimated selling price less costs to sell, including disposal and holding period costs, and a reasonable profit margin on the selling and disposal effort.

• Fair value of work-in-process was determined based on the estimated selling price once completed less total costs to complete the manufacturing effort, costs to sell, including disposal and holding period costs, and a reasonable profit on the remaining manufacturing, selling and disposal effort.

• Fair value of raw materials was determined based on current replacement costs.

The following table summarizes the components of inventory as of August 31, 2013, and the fair value at September 1, 2013:

(in millions)	Successor As of September 1, 2013		Predecessor As of August 31, 2013
Finished goods	$	280	$	235
Work in process		120		99
Raw materials		102		101
Total	$	502	$	435

⁽²²⁾ Represents fair value adjustment to the assets and liabilities of the Company’s Personalized Imaging and Document Imaging businesses in delayed close countries.

⁽²³⁾ Represents the net decrease in tax assets and tax liabilities associated with adjustments for fresh start accounting.

⁽²⁴⁾ An adjustment of $220 million was recorded to increase the net book value of property, plant and equipment to estimated fair value. Fair value was determined as follows:

• The market, sales comparison or trended cost approach was utilized for land, buildings and building improvements. This approach relies upon recent sales, offerings of similar assets or a specific inflationary adjustment to original purchase price to arrive at a probable selling price.

• The cost approach was utilized for machinery and equipment. This approach considers the amount required to construct or purchase a new asset of equal utility at current prices, with adjustments in value for physical deterioration, and functional and economic obsolescence. Physical deterioration is an adjustment made in the cost approach to reflect the real operating age of an asset with regard to wear and tear, decay and deterioration that is not prevented by maintenance. Functional obsolescence is the loss in value or usefulness of an asset caused by inefficiencies or inadequacies of the asset, as compared to a more efficient or less costly replacement asset with newer technology. Economic obsolescence is the loss in value or usefulness of an asset due to factors external to the asset, such as the economics of the industry, reduced demand, increased competition or similar factors.

The following table summarizes the components of property, plant and equipment, net as of August 31, 2013, and the fair value at September 1, 2013:

(in millions)	Successor As of September 1, 2013		Predecessor As of August 31, 2013
Land	$	114	$	35
Buildings and building improvements		180		189
Machinery and equipment		402		252
Construction in progress		31		31
Total	$	727	$	507

For property, plant and equipment owned at September 1, 2013, the depreciable lives were revised to reflect the remaining estimated useful lives. Refer to Note 1, “Basis of Presentation and Significant Accounting Policies” for additional information.

⁽²⁵⁾ This adjustment eliminated the Predecessor goodwill balance of $56 million and records Successor goodwill of $88 million, which represents the reorganizational value of assets in excess of amounts allocated to identified tangible and intangible assets, as follows:

(in millions)	Successor As of September 1, 2013
Reorganization value of Successor assets	$	3,463
Less: Fair value of Successor assets (excluding goodwill)		3,375
Reorganization value of Successor assets in excess of fair value - Successor goodwill	$	88

Refer to Note 5, “Goodwill and Other Intangible Assets” for Successor goodwill by reportable segment.

⁽²⁶⁾ The net adjustment of $192 million reflects the write-off of existing intangibles of $43 million and an adjustment of $235 million to record the fair value of intangibles, determined as follows:

a. Trade names of $54 million were valued using the income approach, specifically the relief from royalty method based on the following significant assumptions:

i. Forecasted revenues attributable to the trade names ranging from September 1, 2013 to December 31, 2023, including a terminal year with growth rates ranging from 0% to 3%;

ii. Royalty rates ranging from .5% to 1% of expected net sales determined with regard to comparable market transactions and profitability analysis;

iii. Discount rates ranging from 27% to 32%, which were based on the after-tax weighted-average cost of capital; and

iv. Kodak anticipates using its trade name for an indefinite period.

b. Technology based intangibles of $131 million were valued using the income approach, specifically the relief from royalty method based on the following significant assumptions:

i. Forecasted revenues attributable to the respective technologies for the period ranging from September 1, 2013 to December 31, 2025;

ii. Royalty rates ranging from 1% to 16% determined with regard to comparable market transactions and cash flows of the respective technologies;

iii. Discount rates ranging from 29% to 34%, based on the after-tax weighted-average cost of capital; and

iv. Economic lives ranging from 4 to 12 years.

c. Customer related intangibles of $39 million were valued using the income approach, specifically the multi-period excess earnings approach based on the following significant assumptions:

i. Forecasted revenues and profit margins attributable to the current customer base for the period ranging from September 1, 2013 to December 31, 2024;

ii. Attrition rates ranging from 2.5% to 20%;

iii. Discount rates ranging from 29% to 38%, based on the after-tax weighted-average cost of capital; and

iv. Economic lives ranging from 3 to 10 years.

d. In-process research and development of $9 million was determined using the income approach, specifically the multi-period excess earnings method based on the following significant assumptions:

i. Forecasted revenues attributable to the respective research and development projects for the period of September 1, 2013 to December 31, 2019;

ii. Discount rate of 40% based on the after-tax weighted-average cost of capital adjusted for perceived risks inherent in the individual assets; and

iii. Economic life of 6 years.

e. In addition, the Company recorded the fair value of other intangibles of $2 million primarily related to favorable contracts and leasehold improvements that were favorable relative to available market terms.

⁽²⁷⁾ Represents the write-off of deferred costs under various licensing transactions now being reflected in intangible assets.

⁽²⁸⁾ Represents the write-off of unamortized debt issuance costs related to the Emergence Credit Facilities.

⁽²⁹⁾ Represents the revaluation of pension and other postretirement obligations. Refer to Note 16, “Retirement plans “and Note 17, “Other postretirement benefits” for additional information.

⁽³⁰⁾ Represents the revaluation of deferred revenues to the fair value of Kodak’s related future performance obligations.

⁽³¹⁾ Represents the write-off of unamortized debt discounts related to the Emergence Credit Facilities based on the fair value of debt.

⁽³²⁾ Represents $38 million decrease in capitalized lease obligations determined based on market rents, $19 million decrease related to the remeasurement of employee benefit obligations offset by net $4 million increase in fair value adjustment related to asset retirement obligations and other miscellaneous liabilities.

⁽³³⁾ Reflects the increase in fair value of the 34 million shares of common stock issued in connection with the Rights Offering from $11.94 to $14.11 per share.

⁽³⁴⁾ Reflects the cumulative impact of fresh start adjustments as discussed above and the elimination of the Predecessor Company’s accumulated other comprehensive loss.

(in millions)
Establishment of Successor goodwill	$	88
Elimination of Predecessor goodwill		(56	)
Establishment of Successor intangibles		235
Elimination of Predecessor intangibles		(43	)
Inventory fair value adjustment		67
Property, plant & equipment fair value adjustment		220
Pension and other postretirement obligations fair value adjustment		(178	)
Rights offering fair value adjustment		(73	)
Long-term debt fair value adjustment		(11	)
Other assets and liabilities fair value adjustments		53
Net gain on fresh start adjustments		302
Tax impact on fresh start adjustments		(69	)
Elimination of Predecessor accumulated other comprehensive loss		(1,008	)
Net impact on Retained earnings (deficit)	$	(775	)

The net gain on fresh start adjustments has been included in Reorganization items, net in the Consolidated Statement of Operations.

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Note 26 - Reorganization Items, Net

12 Months Ended

Dec. 31, 2015

Reorganization Items Net [Abstract]

Reorganization Items Net [Text Block]

NOTE 26:  REORGANIZATION ITEMS, NET

A summary of reorganization items, net is presented in the following table:

	Successor								Predecessor
(in millions)	Year Ended December 31, 2015		Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Professional fees	$	1	$	10		$	19		$	114
Provision for expected allowed claims		—		(1	)		—			133
Net gain on reorganization adjustments		—		—			—			(1,957	)
Net gain on fresh start adjustments		—		—			—			(302	)
Other items, net		4		4			(3	)		(14	)
Reorganization items, net	$	5	$	13		$	16		$	(2,026	)
Cash payments for reorganization items	$	9	$	21		$	85		$	210

Subsequent to the Effective Date, costs directly attributable to the implementation of the Plan are reported as Reorganization items, net. The cash payments for reorganization items for the eight months ended August 31, 2013 includes $84 million of claims related to liabilities subject to compromise paid on the Effective Date. Refer to Note 25, “Fresh Start Accounting” for additional information on the net gain on reorganization and fresh start adjustments.

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Note 27 - Discontinued Operations

12 Months Ended

Dec. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

NOTE 27:  DISCONTINUED OPERATIONS

On the Effective Date, as a part of the Global Settlement and pursuant to the Amended SAPA, Kodak consummated the sale of certain assets of the Business to the KPP Purchasing Parties for net cash consideration, in addition to the assumption by the KPP Purchasing Parties of certain liabilities of the Business, of $325 million. Up to $35 million in aggregate of the purchase price is subject to repayment to KPP if the Business does not achieve certain annual adjusted EBITDA targets over the four-year period ending December 31, 2018. Certain assets and liabilities of the Business in certain jurisdictions were not transferred at the initial closing, which took place on the Effective Date, but were transferred at a series of deferred closings in accordance with the Amended SAPA. The final deferred closing occurred in September 2015. Kodak operated the Business related to the deferred closing jurisdictions, subject to certain covenants, until the applicable deferred closing occurred, and delivered to (or received from) a KPP subsidiary at each deferred closing a true-up payment that reflected the actual economic benefit (or detriment) to the Business in the applicable deferred closing jurisdiction(s) from the time of the initial closing through the time of the applicable deferred closing. Up to the time of the deferred closing, the results of the operations of the Business were being reported as (Loss) earnings from discontinued operations, net of income taxes in the Consolidated Statement of Operations and the assets and liabilities of the Business were being categorized as Assets held for sale or Liabilities held for sale in the Consolidated Statement of Financial Position, as appropriate.

Kodak recognized a pre-tax loss on the sale of the Business of approximately $163 million during the third quarter 2013 predecessor period. The pre-tax loss excluded recognition of $64 million of non-refundable consideration related to the delayed closings, which non-refundable consideration was received on the Effective Date, and $35 million of contingent consideration, subject to repayment to KPP which was also received by Kodak on the Effective Date. The pre-tax loss included the recognition of approximately $1.5 billion of unamortized pension losses previously reported in Accumulated other comprehensive income.

On March 17, 2014, the KPP Purchasing Parties agreed to pay Kodak $20 million of incremental consideration ($13 million was paid in March 2014 and the remainder was paid in March 2015) in lieu of working capital adjustments contemplated by the Amended SAPA.

The following table summarizes the major classes of assets and liabilities related to the disposition of the Business which have been segregated and reported as part of Current assets held for sale and Current liabilities held for sale in the Consolidated Statement of Financial Position:

	As of December 31,
(in millions)	2015		2014
Inventories, net	$	—	$	2
Property, plant and equipment, net		—		4
Other assets		—		6
Current assets held for sale	$	—	$	12
Trade payables	$	—	$	1
Current liabilities held for sale	$	—	$	1

Discontinued operations of Kodak include the Business (excluding the consumer film business, for which Kodak entered into an ongoing supply arrangement with one or more KPP Purchasing Parties) and other miscellaneous businesses.

The significant components of revenues and earnings (loss) from discontinued operations, net of income taxes are as follows:

	Successor									Predecessor
	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
(in millions)
Revenues from Personalized and Document Imaging	$	1		$	61		$	77		$	738
Revenues from other discontinued operations		—			—			1			23
Total revenues from discontinued operations	$	1		$	61		$	78		$	761
Pre-tax (loss) earnings from Personalized and Document Imaging	$	(5	)	$	9		$	5		$	(217	)
Pre-tax loss from other discontinued operations		—			—			1			(14	)
(Provision) benefit for income taxes related to discontinued operations		(3	)		(5	)		(2	)		96
Earnings (loss) from discontinued operations, net of income taxes	$	(8	)	$	4		$	4		$	(135	)

The $5 million in pre-tax loss recognized in 2015 represents costs incurred related to the final deferred closing.

Kodak was required to use a portion of the proceeds from the divestiture of the Business to repay $200 million of the Junior DIP Credit Agreement. Interest expense on the debt that was required to be repaid as a result of the sale of the Business has therefore been allocated to discontinued operations ($14 million for the eight months ended August 31, 2013).

Depreciation and amortization of long-lived assets of the Business included in discontinued operations ceased as of July 1, 2013.

Direct operating expenses of the discontinued operations are included in the results of discontinued operations. Indirect expenses that were historically allocated to the discontinued operations have been included in the results of continuing operations. Prior period results have been reclassified to conform to the current period presentation.

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Note 28 - Quarterly Sales and Earnings Data (Unaudited)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information [Text Block]

QUARTERLY SALES AND EARNINGS DATA (UNAUDITED)

(in millions, except per share data)	4th Qtr.			3rd Qtr.			2nd Qtr.			1st Qtr.
2015
Net revenues from continuing operations	$	467		$	446		$	458		$	427
Gross profit from continuing operations		119			99			86			77
Earnings (loss) from continuing operations		23	(3)		(13	)		(23	)		(54	)
(Loss) earnings from discontinued operations (4)		—			(8	)		—			—
Net earnings (loss) attributable to Eastman Kodak Company		24			(22	)		(24	)		(58	)
Basic and diluted net earnings (loss) per share attributable to Eastman Kodak Company
Continuing operations	$	0.57		$	(0.34	)	$	(0.57	)	$	(1.38	)
Discontinued operations		—			(0.19	)		—			—
Total	$	0.57		$	(0.53	)	$	(0.57	)	$	(1.38	)

(in millions, except per share data)	4th Qtr.				3rd Qtr.				2nd Qtr.			1st Qtr.
2014
Net revenues from continuing operations	$	532			$	568			$	528		$	488
Gross profit from continuing operations		109				156				102			89
(Loss) earnings from continuing operations		(40	)	(2)		31		(1)		(60	)		(53	)
(Loss) earnings from discontinued operations (4)		(1	)			(12	)			(2	)		19
Net (loss) earnings attributable to Eastman Kodak Company		(42	)			17				(62	)		(36	)
Basic net (loss) earnings per share attributable to Eastman Kodak Company
Continuing operations	$	(0.98	)		$	0.70			$	(1.44	)	$	(1.32	)
Discontinued operations		(0.02	)			(0.29	)			(0.05	)		0.46
Total	$	(1.00	)		$	0.41			$	(1.49	)	$	(0.86	)
Diluted net (loss) earnings per share attributable to Eastman Kodak Company
Continuing operations	$	(0.98	)		$	0.67			$	(1.44	)	$	(1.32	)
Discontinued operations		(0.02	)			(0.28	)			(0.05	)		0.46
Total	$	(1.00	)		$	0.39			$	(1.49	)	$	(0.86	)

⁽¹⁾ Includes pre-tax licensing revenue of $51 million which increased net earnings from continuing operations by $51 million.

⁽²⁾ Includes pre-tax charge of $16 million from the remeasurement of the Venezuelan subsidiary monetary assets and liabilities, which decreased net earnings from continuing operations by $16 million.

⁽³⁾ Includes $17 million pre-tax benefit from the change in U.S. vacation benefits, which increased net earnings from continuing operations by $17 million.

⁽⁴⁾ Refer to Note 27, “Discontinued Operations”, in the Notes to Financial Statements for a discussion regarding discontinued operations.

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Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2015

Valuation and Qualifying Accounts [Abstract]

Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]

(in millions)	Beginning Balance		Additions		Net Deductions and Other		Ending Balance
Year ended December 31, 2015 (Successor)
Reserve for doubtful accounts	$	11		4		5	$	10
Deferred tax valuation allowance	$	1,127		182		108	$	1,201
Year ended December 31, 2014 (Successor)
Reserve for doubtful accounts	$	6		5		—	$	11
Deferred tax valuation allowance	$	953		257		83	$	1,127
Four Months ended December 31, 2013 (Successor)
Reserve for doubtful accounts	$	—		6		—	$	6
Deferred tax valuation allowance	$	1,273		157		477	$	953
In connection with the application of fresh start accounting on September 1, 2013, the carrying value of trade receivables was adjusted to fair value, eliminating the reserve for doubtful accounts.
Eight Months ended August 31, 2013 (Predecessor)
Reserve for doubtful accounts	$	30		—		8	$	22
Deferred tax valuation allowance	$	2,838		180		1,745	$	1,273

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Accounting Policies, by Policy (Policies)

12 Months Ended

Dec. 31, 2015

Accounting Policies [Abstract]

Basis of Financial Statement Presentation in Chapter 11

BASIS OF PRESENTATIONOn January 19, 2012 (the “Petition Date”), Eastman Kodak Company (“EKC” or the “Company”) and its U.S. subsidiaries (collectively, the “Debtors”) filed voluntary petitions for relief under chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”). The cases (the “Chapter 11 Cases”) were jointly administered as Case No. 12-10202 (ALG) under the caption “In re Eastman Kodak Company.” The Debtors operated their businesses as “debtors-in-possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of chapter 11 of the Bankruptcy Code and the orders of the Bankruptcy Court until their emergence from bankruptcy. The Company’s foreign subsidiaries were not part of the Chapter 11 Cases, and continued to operate in the ordinary course of business.Upon emergence from bankruptcy on September 3, 2013, Kodak adopted fresh-start accounting which resulted in Kodak becoming a new entity for financial reporting purposes. Kodak applied fresh start accounting as of September 1, 2013. Accordingly, the consolidated financial statements on or after September 1, 2013 are not comparable to the consolidated financial statements prior to that date. Refer to Note 25, “Fresh Start Accounting” for additional information.Subsequent to the Petition Date, all expenses, gains and losses directly associated with the reorganization proceedings are reported as Reorganization items, net in the accompanying Consolidated Statement of Operations. In addition, Liabilities subject to compromise during the chapter 11 proceedings were distinguished from liabilities of the Company’s foreign subsidiaries that were not part of the Chapter 11 Cases, fully-secured liabilities that were not expected to be compromised and from post-petition liabilities in the accompanying Consolidated Statement of Financial Position.References to “Successor” or “Successor Company” relate to the reorganized Kodak subsequent to September 3, 2013. References to “Predecessor” or “Predecessor Company” relate to Kodak prior to September 3, 2013.

Reclassification, Policy [Policy Text Block]

Reclassifications

Certain amounts for prior periods have been reclassified to conform to the current period classification due to Kodak’s new organization structure as of January 1, 2015 and for a change in the segment measure of profitability. In addition to the changes in segment reporting under the new organization structure, tenant rental income for Eastman Business Park previously reported in Cost of Revenues is reported in Revenues. Refer to Note 23, “Segment Information” for more information about these changes.

Basis of Accounting, Policy [Policy Text Block]

ACCOUNTING PRINCIPLES

The consolidated financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The following is a description of the significant accounting policies of Kodak.

Consolidation, Policy [Policy Text Block]

BASIS OF CONSOLIDATION

The consolidated financial statements include the accounts of EKC and all companies directly or indirectly controlled by EKC, either through majority ownership or otherwise (collectively “Kodak”). Kodak consolidates variable interest entities if Kodak has a controlling financial interest and is determined to be the primary beneficiary of the entity.

Kodak is the primary beneficiary of a utilities variable interest entity, RED-Rochester, LLC (“RED”). Therefore, Kodak consolidates RED’s assets, liabilities and results of operations. Consolidated assets and liabilities of RED are $69 million and $13 million, respectively, as of December 31, 2015 and $77 million and $11 million, respectively, as of December 31, 2014. RED’s equity in those net assets as of December 31, 2015 and 2014 is $25 million and $21 million, respectively. RED’s results of operations are reflected in net income attributable to noncontrolling interest in the accompanying Consolidated Statement of Operations.

Use of Estimates, Policy [Policy Text Block]

USE OF ESTIMATES

The preparation of financial statements in conformity with U.S. GAAP accounting requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of commitments and contingencies at year end, and the reported amounts of revenues and expenses during the reporting periods presented. Actual results could differ from these estimates.

Foreign Currency Transactions and Translations Policy [Policy Text Block]

FOREIGN CURRENCY

For most subsidiaries and branches outside the U.S., the local currency is the functional currency. The financial statements of these subsidiaries and branches are translated into U.S. dollars as follows: assets and liabilities at year-end exchange rates; revenue, expenses and cash flows at average exchange rates; and shareholders’ equity at historical exchange rates. For those subsidiaries for which the local currency is the functional currency, the resulting translation adjustment is recorded as a component of Accumulated other comprehensive (loss) income in the accompanying Consolidated Statement of Financial Position. Translation adjustments related to investments that are permanent in nature are not tax-effected.

For certain other subsidiaries and branches outside the U.S., operations are conducted primarily in U.S. dollars, which is therefore the functional currency. Monetary assets and liabilities of these foreign subsidiaries and branches, which are recorded in local currency, are remeasured at year-end exchange rates, while the related revenue, expense, and gain and loss accounts, which are recorded in local currency, are remeasured at average exchange rates. Non-monetary assets and liabilities, and the related revenue, expense, and gain and loss accounts, are remeasured at historical exchange rates. Adjustments that result from the remeasurement of the assets and liabilities of these subsidiaries are included in Other (charges) income, net in the accompanying Consolidated Statement of Operations.

The effects of foreign currency transactions, including related hedging activities, are included in Other (charges) income, net, in the accompanying Consolidated Statement of Operations.

Venezuela Currency

Kodak has accounted for the Venezuelan economy as highly inflationary since 2010. Accordingly, Kodak’s Venezuelan subsidiary uses the U.S. dollar as its functional currency, and monetary assets and liabilities denominated in BsF generate income or expense for changes in value associated with foreign currency exchange rate fluctuations against the U.S. dollar. Kodak’s Venezuelan subsidiary does not have ongoing trading activity.

The Venezuelan government has maintained currency controls and a fixed official exchange rate since 2003. The official exchange rate at December 31, 2015 and 2014 was 6.3 Venezuelan Bolivars Fuertes (“BsF”) to the U.S. dollar. In 2013, the Venezuelan government announced the creation of a complementary currency exchange system, referred to as “SICAD 1.” SICAD 1 was determined by an auction process restricted to invited entities for designated uses. At December 31, 2014, the SICAD 1 exchange rate was 12.0 BsF to the U.S. Dollar. In 2014, the Venezuelan government created another currency exchange system known as “SICAD 2,” indicating that all industry sectors and companies would be eligible to participate in SICAD 2. Transactions in SICAD 2 were regulated by the Venezuelan Central Bank. Entities were required to submit applications to convert BsF to U.S. dollars under SICAD 2. The SICAD 2 exchange rate as of December 31, 2014 was 49.99 BsF to the U.S. dollar.

Given increased uncertainty in Venezuela, Kodak adopted the SICAD 2 rate to remeasure BsF denominated monetary assets and liabilities of its Venezuelan subsidiary to the U.S. dollar as of December 31, 2014. As a result of this change from the official exchange rate, Kodak recorded a charge of $16 million in other (charges), income net in the fourth quarter of 2014.

In 2015, the Venezuelan government merged the SICAD 1 and SICAD 2 exchange mechanisms into a single mechanism called SICAD and introduced a new open market system, “SIMADI.” The SIMADI market is intended to have a floating exchange rate determined by market participants. Kodak adopted the SIMADI rate to remeasure BsF denominated monetary assets and liabilities of its Venezuelan subsidiary to the U.S. dollar as of March 31, 2015. The SIMADI exchange rate at March 31, 2015 was 191.97 BsF to the U.S. dollar. As a result of the change from the SICAD 2 rate, Kodak recorded a charge of $2 million in other (charges), income net in the first quarter of 2015. The SIMADI exchange rate as of December 31, 2015 was 198.7 BsF to the U.S. dollar.

As of December 31, 2015 and December 31, 2014, Kodak’s Venezuelan subsidiary had approximately $1 million and $2 million, respectively, of BsF denominated net monetary assets, composed primarily of cash and cash equivalents.

Concentration Risk, Credit Risk, Policy [Policy Text Block]

CONCENTRATION OF CREDIT RISK

Financial instruments that potentially subject Kodak to significant concentrations of credit risk consist principally of cash and cash equivalents, receivables, and derivative instruments. Kodak places its cash and cash equivalents with high-quality financial institutions and limits the amount of credit exposure to any one institution. With respect to receivables, such receivables arise from sales to numerous customers in a variety of industries, markets, and geographies around the world. Receivables arising from these sales are generally not collateralized. Kodak performs ongoing credit evaluations of its customers’ financial conditions, and maintains reserves for potential credit losses and such losses, in the aggregate, have not exceeded management’s expectations. Counterparties to the derivative instrument contracts are major financial institutions. Kodak has not experienced non-performance by any of its derivative instruments counterparties.

Cash and Cash Equivalents, Policy [Policy Text Block]

CASH EQUIVALENTS

All highly liquid investments with a remaining maturity of three months or less at date of purchase are considered to be cash equivalents.

Inventory, Policy [Policy Text Block]

INVENTORIES

Inventories are stated at the lower of cost or market. The cost of all of Kodak’s inventories is determined by the average cost method, which approximates current cost. Kodak provides inventory reserves for excess, obsolete or slow-moving inventory based on changes in customer demand, technology developments or other economic factors.

Property, Plant and Equipment, Policy [Policy Text Block]

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment are recorded at cost, net of accumulated depreciation with the exception of property, plant and equipment owned as of the application of fresh start accounting. Kodak capitalizes additions and improvements while maintenance and repairs are charged to expense as incurred. Upon sale or other disposition, the applicable amounts of asset cost and accumulated depreciation are removed from the accounts and the net amount, less proceeds from disposal, is charged or credited to net (loss) earnings. In connection with fresh start accounting, property, plant and equipment were adjusted to their estimated fair value and depreciable lives were revised as of September 1, 2013. Refer to Note 25, “Fresh Start Accounting.”

Kodak calculates depreciation expense using the straight-line method over the assets’ estimated useful lives, which are as follows:

	Successor Company			As of September 1, 2013
Buildings and building improvements	5	-	40	1	-	38
Land improvements		20		1	-	20
Leasehold improvements	3	-	20	1	-	10
Equipment	3	-	15	1	-	20
Tooling	1	-	3	1	-	3
Furniture and fixtures	5	-	10	1	-	10

Kodak depreciates leasehold improvements over the shorter of the lease term or the asset’s estimated useful life.

Equipment subject to operating leases is included in Property, plant and equipment, net in the Consolidated Statement of Financial Position. Equipment subject to operating leases consists of equipment rented to customers and is depreciated to estimated salvage value over its expected useful life. Equipment operating lease terms and depreciable lives generally vary from 3 to 7 years.

Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]

GOODWILL

Goodwill reported in the Successor period represents the reorganizational value of assets in excess of amounts allocated to identified tangible and intangible assets. Refer to Note 25, “Fresh Start Accounting.” Goodwill is not amortized, but is required to be assessed for impairment at least annually and whenever events or changes in circumstances occur that would more likely than not reduce the fair value of the reporting unit below its carrying amount. Kodak performed the annual test of impairment as of October 1, 2015 for all its reporting units and updated its analysis as of December 31, 2015 due to the change in the annual goodwill impairment test date from October 1 to December 31.

When testing goodwill for impairment, Kodak may assess qualitative factors for some or all of its reporting units to determine whether it is more likely than not (that is, a likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying amount, including goodwill. If Kodak determines based on this qualitative test of impairment that it is more likely than not that a reporting unit’s fair value is less than its carrying amount, or elects to bypass the qualitative assessment for some or all of its reporting units, then a two-step goodwill impairment test is performed to test for a potential impairment of goodwill (step 1) and if potential losses are identified, to measure the impairment loss (step 2). Determining the fair value of a reporting unit involves the use of significant estimates and assumptions. Refer to Note 5, “Goodwill and Other Intangible Assets”.

Workers Compensation, Policy [Policy Text Block]

WORKERS COMPENSATION

Kodak self insures and participates in high-deductible insurance programs with retention and per occurrence deductible levels for claims related to workers compensation. The estimated liability for workers compensation is based on actuarially estimated, discounted cost of claims, including claims incurred but not reported. Historical loss development factors are utilized to project the future development of incurred losses, and the amounts are adjusted based on actual claim experience, settlements, claim development trends, changes in state regulations and judicial interpretations. Amounts recoverable from insurance companies or third parties are estimated using historical experience and estimates of future recoveries. Estimated recoveries are not offset against the related accrual.

Revenue Recognition, Policy [Policy Text Block]

REVENUE

Kodak’s revenue transactions include sales of products (such as components and consumables for use in Kodak and other manufacturers’ equipment and film based products); equipment; software; services; integrated solutions; and intellectual property and brand licensing. Kodak recognizes revenue when realized or realizable and earned, which is when the following criteria are met: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the sales price is fixed or determinable; and (4) collectability is reasonably assured. At the time revenue is recognized, Kodak provides for the estimated costs of customer incentive programs, warranties and estimated returns and reduces revenue accordingly. For those incentives that require the estimation of sales volumes or redemption rates, such as for volume rebates, Kodak uses historical experience and internal and customer data to estimate the sales incentive at the time revenue is recognized. Kodak accrues the estimated cost of post-sale obligations, including basic product warranties, based on historical experience at the time Kodak recognizes revenue.

For product sales, the revenue recognition criteria are generally met when title and risk of loss have transferred from Kodak to the buyer, which may be upon shipment or upon delivery to the customer site, based on contract terms or legal requirements in certain jurisdictions.

For equipment sales, the recognition criteria are generally met when the equipment is delivered and installed at the customer site. Revenue is recognized for equipment upon delivery as opposed to upon installation when the equipment has stand-alone value to the customer, and the amount of revenue allocable to the equipment is not legally contingent upon the completion of the installation. In instances in which the agreement with the customer contains a customer acceptance clause, revenue is deferred until customer acceptance is obtained, provided the customer acceptance clause is considered to be substantive. For certain agreements, Kodak does not consider these customer acceptance clauses to be substantive because Kodak can and does replicate the customer acceptance test environment and performs the agreed upon product testing prior to shipment. In these instances, revenue is recognized upon installation of the equipment.

Revenue from the sale of software licenses is recognized when (1) Kodak enters into a legally binding arrangement with a customer for the license of software; (2) Kodak delivers the software; (3) customer payment is deemed fixed or determinable and free of contingencies or significant uncertainties; and (4) collection from the customer is probable. Software maintenance and support revenue is recognized ratably over the term of the related maintenance contract.

Revenue from services includes extended warranty, customer support and maintenance agreements, consulting, business process services, training and education. Service revenue is recognized over the contractual period or as services are performed. In service arrangements where final acceptance of a system or solution by the customer is required, revenue is deferred until all acceptance criteria have been met.

The timing and the amount of revenue recognized from the licensing of intellectual property depend upon a variety of factors, including the specific terms of each agreement and the nature of the deliverables and obligations. Revenue is only recognized after all of the following criteria are met: (1) Kodak enters into a legally binding arrangement with a licensee of Kodak’s intellectual property, (2) Kodak delivers the technology or intellectual property rights, (3) licensee payment is deemed fixed or determinable and free of contingencies or significant uncertainties, and (4) collection from the licensee is reasonably assured.

Most of Kodak’s equipment has both software and non-software components that function together to deliver the equipment’s essential functionality and therefore they are accounted for together as non-software deliverables. Non-essential software sold in connection with Kodak’s equipment sales is accounted for as separate deliverables or elements. In most cases, these software products sold as part of a multiple element arrangement include software maintenance agreements as well as unspecified upgrades or enhancements on a when-and-if-available basis. In multiple element arrangements where non-essential software deliverables are included, revenue is allocated to non-software and to software deliverables each as a group based on relative selling prices of each of the deliverables in the arrangement. Revenue allocated to software licenses is recognized when all revenue recognition criteria have been met. Revenue generated from maintenance and unspecified upgrades or updates on a when-and-if-available basis is recognized over the contract period.

Research and Development Expense, Policy [Policy Text Block]

RESEARCH AND DEVELOPMENT COSTS

Research and development (“R&D”) costs, which include costs incurred in connection with new product development, fundamental and exploratory research, process improvement, product use technology and product accreditation, are expensed in the period in which they are incurred.

Advertising Costs, Policy [Policy Text Block]

ADVERTISING

Advertising costs are expensed as incurred and are included in Selling, general and administrative expenses in the accompanying Consolidated Statement of Operations. Advertising expenses amounted to $8 million, $13 million, $6 million and $14 million for the years ended December 31, 2015 and December 31, 2014, four months ended December 31, 2013, and for the eight months ended August 31, 2013, respectively.

Shipping and Handling Cost, Policy [Policy Text Block]

SHIPPING AND HANDLING COSTS

Amounts charged to customers and costs incurred by Kodak related to shipping and handling are included in net sales and cost of sales, respectively.

Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]

IMPAIRMENT OF LONG-LIVED ASSETS

The carrying values of long-lived assets, other than goodwill and intangible assets with indefinite useful lives, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying values may not be recoverable. In connection with fresh start accounting, the carrying values of long-lived assets were adjusted to estimated fair value as of September 1, 2013 and Kodak revised its estimates of the remaining useful lives of all long-lived assets. Refer to Note 25, “Fresh Start Accounting.”

The recoverability of the carrying values of long-lived assets is assessed by first grouping long-lived assets with other assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities (the asset group) and, secondly, by estimating the undiscounted future cash flows that are directly associated with and that are expected to arise from the use of and eventual disposition of such asset group. Kodak estimates the undiscounted cash flows over the remaining useful life of the primary asset within the asset group. If the carrying value of the asset group exceeds the estimated undiscounted cash flows, Kodak records an impairment charge to the extent the carrying value of the long-lived asset exceeds its fair value. Kodak determines fair value through quoted market prices in active markets or, if quoted market prices are unavailable, through the performance of internal analyses of discounted cash flows.

The remaining useful lives of long-lived assets are reviewed in connection with the assessment of recoverability of long-lived assets and the ongoing strategic review of the business and operations. If the review indicates that the remaining useful life of the long-lived asset has changed significantly, the depreciation on that asset is adjusted to facilitate full cost recovery over its revised estimated remaining useful life.

The carrying values of indefinite-lived intangible assets are evaluated for potential impairment annually or whenever events or changes in circumstances indicate that it is more likely than not that the asset is impaired. Refer to Note 5, “Goodwill and Other Intangible Assets.”

Income Tax, Policy [Policy Text Block]

INCOME TAXES

Kodak recognizes deferred tax liabilities and assets for the expected future tax consequences of operating losses, credit carry-forwards and temporary differences between the carrying amounts and tax basis of Kodak’s assets and liabilities. Kodak records a valuation allowance to reduce its net deferred tax assets to the amount that is more likely than not to be realized. For discussion of the amounts and components of the valuation allowances as of December 31, 2015 and 2014, see Note 14, “Income Taxes.”

The undistributed earnings of Kodak’s foreign subsidiaries are not considered permanently reinvested. Kodak has recognized a deferred tax liability (net of related foreign tax credits) on the foreign subsidiaries’ undistributed earnings.

New Accounting Pronouncements, Policy [Policy Text Block]

RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS

In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2015-07, Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent). ASU 2015-07 removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share expedient. The ASU is effective for fiscal years, and interim periods within those years, beginning after December 15, 2015 (January 1, 2016 for Kodak) with retrospective application to all periods presented. Kodak early adopted ASU 2015-07 effective December 31, 2015. The retrospective adoption resulted in a reduction in Level 3 assets for the U.S. plans of $1,837 million and $1,721 million at December 31, 2014 and January 1, 2014, respectively, and a reduction in Level 3 assets for the non-U.S. plans of $106 million at both December 31, 2014 and January 1, 2014. In addition, Level 2 assets for the U.S. and non-U.S. plans decreased by $1,761 million and $251 million, respectively, at December 31, 2014. Refer to Note 16, “Retirement Plans.”

In April 2014, the FASB issued ASU 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360).” ASU 2014-08 defines a discontinued operation as a disposal of a component (or group of components) of an entity that was disposed of or is classified as held for sale and represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results. ASU 2014-08 expands the disclosures when an entity retains a significant continuing involvement with a discontinued operation as well as for disposals of individually material components that do not qualify as discontinued operations. The amendments in the update were effective prospectively for fiscal years, and interim periods within those years, beginning after December 15, 2014 (January 1, 2015 for Kodak) to new disposals and new disposal groups classified as held for sale after the effective date. The adoption of this guidance did not have a material impact on Kodak’s Consolidated Financial Statements.

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). ASU 2016-02 requires lessees to recognize most leases on their balance sheets as lease liabilities with corresponding right-of-use assets and eliminates certain real estate-specific provisions. The new leasing standard is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2018 (January 1, 2019 for Kodak). Early adoption is permitted. Kodak is currently evaluating the impact of this ASU.

In January 2016, the FASB issued ASU 2016-01, Financial Instruments–Overall: Recognition and Measurement of Financial Assets and Financial Liabilities. ASU 2016-01 primarily affects the accounting for equity investments, financial liabilities under the fair value option, and the presentation and disclosure requirements for financial instruments. Under the ASU all equity investments in unconsolidated entities (other than those accounted for using the equity method of accounting) will generally be measured at fair value through earnings. In addition, the FASB clarified guidance related to the valuation allowance assessment when recognizing deferred tax assets resulting from unrealized losses on available-for-sale debt securities. The classification and measurement guidance will be effective for Kodak beginning January 1, 2018, including interim periods within those fiscal years. Kodak is currently evaluating the impact of this ASU. 

In November 2015, the FASB issued ASU 2015-17, Income Taxes (Topic 740) Balance Sheet Classification of Deferred Taxes. ASU 2015-17 amends the accounting for income taxes and requires all deferred tax assets and liabilities to be classified as non-current on the consolidated balance sheet. ASU 2015-17 is effective for fiscal years and interim reporting periods within those years beginning after December 15, 2016 (January 1, 2017 for Kodak), with early adoption permitted in any annual or interim period. ASU 2015-17 may be adopted either prospectively or retrospectively. Kodak is currently evaluating the method of adoption and expects ASU 2015-17 will have an impact on the consolidated balance sheet. The current deferred tax assets in excess of valuation allowance were $22 million as of December 31, 2015.

In April 2015, the FASB issued ASU 2015-03, Imputation of Interest (Sub-Topic 835.30): Simplifying the Presentation of Debt Issuance Costs. ASU 2015-03 requires debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. In August 2015, the FASB issued ASU 2015-15 clarifying the application of this guidance to line of credit arrangements. The amendments in the ASUs are effective retrospectively for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015 (January 1, 2016 for Kodak). Early adoption is permitted for financial statements not previously issued. Kodak does not expect the adoption of this guidance to have a material impact on its Consolidated Financial Statements.

In February 2015, the FASB issued ASU 2015-02, “Consolidation (Topic 810): Amendments to the Consolidation Analysis”. The amendments in ASU 2015-02 change the analysis that a reporting entity must perform to determine whether it should consolidate certain types of legal entities. The amendments in this ASU are effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015 (January 1, 2016 for Kodak). Early adoption is permitted, including adoption in an interim period. A reporting entity may apply the amendments in this ASU either retrospectively or use a modified retrospective approach by recording a cumulative-effect adjustment to equity as of the beginning of the fiscal year of adoption. Kodak does not expect the adoption of this guidance to have a material impact on its Consolidated Financial Statements.

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” ASU 2014-09 supersedes the revenue recognition requirements in Topic 605, “Revenue Recognition” and most industry-specific guidance. The core principle of ASU 2014-09 is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In July 2015, the FASB deferred the effective date of ASU 2014-09. The new revenue standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017 (January 1, 2018 for Kodak) and allows either a full retrospective adoption to all periods presented or a modified retrospective adoption approach with the cumulative effect of initial application of the revised guidance recognized at the date of initial application. Kodak is currently evaluating the adoption alternatives and impact of this ASU.

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Note 1 - Basis of Presentation and Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2015

Disclosure Text Block [Abstract]

Property, Plant, and Equipment, Estimated Usefull Lives [Table Text Block]

	Successor Company			As of September 1, 2013
Buildings and building improvements	5	-	40	1	-	38
Land improvements		20		1	-	20
Leasehold improvements	3	-	20	1	-	10
Equipment	3	-	15	1	-	20
Tooling	1	-	3	1	-	3
Furniture and fixtures	5	-	10	1	-	10

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Note 2 - Receivables, Net (Tables)

12 Months Ended

Dec. 31, 2015

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	As of December 31,
(in millions)	2015		2014
Trade receivables	$	318	$	361
Miscellaneous receivables		47		53
Total (net of allowances of $10 and $11 as of December 31, 2015 and December 31, 2014, respectively)	$	365	$	414

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Note 3 - Inventories, Net (Tables)

12 Months Ended

Dec. 31, 2015

Inventory Disclosure [Abstract]

Schedule of Inventory, Current [Table Text Block]

	As of December 31,
(in millions)	2015		2014
Finished goods	$	177	$	204
Work in process		65		73
Raw materials		72		72
Total	$	314	$	349

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Note 4 - Property, Plant and Equipment, Net and Equipment Subject to Operating Leases, Net (Tables)

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Table Text Block]

	As of December 31,
(in millions)	2015			2014
Land	$	74		$	100
Buildings and building improvements		171			176
Machinery and equipment		483			432
Construction in progress		28			47
		756			755
Accumulated depreciation		(330	)		(231	)
Property, plant and equipment, net	$	426		$	524

Equipment Subject to Operating Leases [Table Text Block]

	As of December 31,
(in millions)	2015			2014
Equipment subject to operating leases, net	$	37		$	25
Accumulated depreciation		(14	)		(10	)
Equipment subject to operating leases, net	$	23		$	15

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Note 5 - Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill [Table Text Block]

(in millions)	Print Systems		Micro 3D Printing and Packaging			Software and Solutions		Consumer and Film		Intellectual Property Solutions			Consolidated Total
Balance as of December 31, 2013:	$	51	$	24		$	6	$	6	$	1		$	88
Fresh start accounting adjustment		5		2			—		—		1			8
Balance as of December 31, 2014:	$	56	$	26		$	6	$	6	$	2		$	96
Impairment		—		(6	)		—		—		(2	)		(8	)
Balance as of December 31, 2015:	$	56	$	20		$	6	$	6	$	—		$	88

Schedule of Finite-Lived Intangible Assets [Table Text Block]

	As of December 31, 2015
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net		Weighted-Average Amortization Period
Technology-based	$	131	$	47	$	84	6 years
Kodak trade name		46		—		46	Indefinite life
Customer-related		37		11		26	7 years
Other		2		—		2	20 years
Total	$	216	$	58	$	158

	As of December 31, 2014
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net		Weighted-Average Amortization Period
Technology-based	$	131	$	27	$	104	7 years
Kodak trade name		46		—		46	Indefinite life
Customer-related		36		6		30	8 years
Other		2		—		2	21 years
Total	$	215	$	33	$	182

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

(in millions)
2016	$	25
2017		23
2018		18
2019		10
2020		9
2021 and thereafter		27
Total	$	112

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Note 6 - Other Current Liabilities (Tables)

12 Months Ended

Dec. 31, 2015

Disclosure Text Block Supplement [Abstract]

Other Current Liabilities [Table Text Block]

	As of December 31,
(in millions)	2015		2014
Accrued employment-related liabilities	$	81	$	132
Accrued customer rebates		31		34
Deferred revenue		39		48
Accrued restructuring liabilities		11		27
Deferred consideration on disposed businesses		—		11
Other		97		120
Total	$	259	$	372

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Note 7 - Other Long-term Liabilities (Tables)

12 Months Ended

Dec. 31, 2015

Disclosure Text Block Supplement [Abstract]

Other Long-term Liabilities [Table Text Block]

	As of December 31,
(in millions)	2015		2014
Workers compensation	$	113	$	123
Environmental liabilities		13		19
Asset retirement obligations		47		53
Other		105		129
Total	$	278	$	324

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Note 8 - Short-term Borrowings and Long-term Debt (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments [Table Text Block]

						As of December 31,
(in millions)						2015		2014
	Type	Maturity	Weighted-Average Effective Interest Rate			Carrying Value		Carrying Value
Current portion:
	Term note	2016		7.56%		$	4	$	4
	Credit line	2015		2.42%			—		1
	Other	2016	3.12%	-	6.07%		1		—
							5		5
Non-current portion:
	Term note	2019		7.56%			400		403
	Term note	2020		11.04%			270		269
	Other	Various	3.12%	-	6.07%		5		—
							675		672
						$	680	$	677

Schedule of Maturities of Long-term Debt [Table Text Block]

(in millions)	Carrying Value		Maturity Value
2016	$	5	$	5
2017		4		4
2018		5		5
2019		392		397
2020		271		276
2021 and thereafter		3		3
Total	$	680	$	690

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Note 9 - Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

Schedule of Environmental Loss Contingencies by Site [Table Text Block]

	As of December 31,
(in millions)	2015		2014
Other current operating sites	$	7	$	7
Sites associated with former operations		—		10
Sites associated with the non-imaging health businesses sold in 1994		6		11
Total	$	13	$	28

Cash Expenditures for Pollution Prevention and Waste Treatment [Table Text Block]

	Successor						Predecessor
(in millions)	For the Year Ended December 31, 2015		For the Year Ended December 31, 2014		For the Four Months Ended December 31, 2013		For the Eight Months Ended August 31, 2013
Recurring costs for pollution prevention and waste treatment	$	13	$	13	$	5	$	16
Capital expenditures for pollution prevention and waste treatment		2		2		2		—
Total	$	15	$	15	$	7	$	16

Schedule of Asset Retirement Obligations [Table Text Block]

	For the Year Ended December 31,
(in millions)	2015			2014
Asset Retirement Obligations at start of period	$	53		$	52
Liabilities incurred in the current period		1			3
Liabilities settled in the current period		(3	)		(1	)
Accretion expense		2			2
Revision in estimated cash flows		(6	)		(2	)
Foreign exchange impact		—			(1	)
Asset Retirement Obligations at end of period	$	47		$	53

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Note 10 - Guarantees (Tables)

12 Months Ended

Dec. 31, 2015

Guarantees [Abstract]

Schedule of Product Warranty Liability [Table Text Block]

(in millions)
Accrued warranty obligations as of December 31, 2013	$	13
Actual warranty experience		(16	)
Warranty provisions		8
Accrued warranty obligations as of December 31, 2014		5
Actual warranty experience		(8	)
Warranty provisions		7
Accrued warranty obligations as of December 31, 2015	$	4

Deferred Revenue, by Arrangement, Disclosure [Table Text Block]

(in millions)
Deferred revenue on extended warranties as of December 31, 2013	$	30
New extended warranty and maintenance arrangements		194
Recognition of extended warranty and maintenance arrangement revenue		(197	)
Deferred revenue on extended warranties as of December 31, 2014		27
New extended warranty and maintenance arrangements		185
Recognition of extended warranty and maintenance arrangement revenue		(185	)
Deferred revenue on extended warranties as of December 31, 2015	$	27

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Note 11 - Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2015

Fair Value Disclosures [Abstract]

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

	Successor							Predecessor
(in millions)	For the Year Ended December 31, 2015		For the Year Ended December 31, 2014		For the Four Months Ended December 31, 2013			For the Eight Months Ended August 31, 2013
Net gain (loss) from derivatives not designated as hedging instruments	$	14	$	10	$	(14	)	$	2

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Note 12 - Other Operating Expense (Income), Net (Tables)

12 Months Ended

Dec. 31, 2015

Disclosure Text Block [Abstract]

Schedule of Other Operating Cost and Expense, by Component [Table Text Block]

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Expense (income) :
Gain on sale of digital imaging patent portfolio (1)	$	—		$	—		$	—		$	(535	)
Goodwill and intangible asset impairments (2) (3) (4) (5) (6)		8			9			8			77
Gains related to the sales of assets and businesses		(6	)		(3	)		(6	)		(34	)
Gain recognized on assets acquired for no monetary consideration (7)		(3	)		—			—			—
Other		3			3			—			(3	)
Total	$	2		$	9		$	2		$	(495	)

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Note 13 - Other (Charges) Income, Net (Tables)

12 Months Ended

Dec. 31, 2015

Other Income And Charges [Abstract]

Schedule of Other Nonoperating Income, by Component [Table Text Block]

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Income (charges):
Interest income	$	1		$	6		$	3		$	3
Loss on foreign exchange transactions (1)		(17	)		(22	)		(5	)		(7	)
Other		(5	)		(5	)		12			(9	)
Total	$	(21	)	$	(21	)	$	10		$	(13	)

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Note 14 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
(Loss) earnings from continuing operations before income taxes:
U.S.	$	(169	)	$	(208	)	$	(119	)	$	2,243
Outside the U.S.		134			96			45			113
Total	$	(35	)	$	(112	)	$	(74	)	$	2,356
U.S. income taxes:
Current provision (benefit)	$	1		$	(2	)	$	3		$	—
Deferred provision (benefit)		9			4			3			(3	)
Income taxes outside the U.S.:
Current provision (benefit)		22			(1	)		8			52
Deferred provision (benefit)		—			7			(8	)		105
State and other income taxes:
Current provision		—			1			2			1
Deferred provision		—			1			—			—
Total provision	$	32		$	10		$	8		$	155

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Amount computed using the statutory rate	$	(12	)	$	(39	)	$	(25	)	$	825
Increase (reduction) in taxes resulting from:
State and other income taxes, net of federal		—			1			2			—
Unremitted foreign earnings		26			4			36			32
Impact of goodwill and intangible impairments		—			—			(3	)		(22	)
Operations outside the U.S.		28			111			73			(18	)
Legislative rate changes		—			—			—			1
Valuation allowance		(71	)		(121	)		(100	)		39
Tax settlements and adjustments, including interest		2			(5	)		1			5
Discharge of debt and other reorganization related items		60			57			24			(722	)
Other, net		(1	)		2			—			15
Provision for income taxes	$	32		$	10		$	8		$	155

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	As of December 31,
(in millions)	2015		2014
Deferred tax assets
Pension and postretirement obligations	$	187	$	221
Restructuring programs		3		5
Foreign tax credit		314		258
Inventories		14		20
Investment tax credit		80		100
Employee deferred compensation		46		43
Depreciation		62		45
Research and development costs		188		232
Tax loss carryforwards		380		355
Other deferred revenue		13		13
Other		112		111
Total deferred tax assets	$	1,399	$	1,403
Deferred tax liabilities
Leasing	$	1	$	7
Goodwill/Intangibles		49		51
Unremitted foreign earnings		121		176
Total deferred tax liabilities		171		234
Net deferred tax assets before valuation allowance		1,228		1,169
Valuation allowance		1,201		1,127
Net deferred tax assets	$	27	$	42

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	As of December 31,
(in millions)	2015			2014
Deferred income taxes (current)	$	22		$	31
Deferred income taxes (non-current)		23			38
Other current liabilities		—			(1	)
Other long-term liabilities		(18	)		(26	)
Net deferred tax assets	$	27		$	42

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Balance as of January 1	$	92		$	106		$	107		$	57
Tax positions related to the current year:
Additions		1			2			—			68
Tax Positions related to prior years:
Additions		—			1			2			1
Reductions		(7	)		(14	)		(3	)		(17	)
Settlements with taxing jurisdictions		—			(1	)		—			(2	)
Lapses in Statute of limitations		(1	)		(2	)		—			—
Balance as of December 31	$	85		$	92		$	106		$	107

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Note 15 - Restructuring Costs and Other (Tables)

12 Months Ended

Dec. 31, 2015

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs [Table Text Block]

(in millions)	Severance Reserve (5)			Exit Costs Reserve (5)			Long-lived Asset Impairments and Inventory Write- downs (5)			Accelerated Depreciation (5)			Total
Balance as of December 31, 2012 (Predecessor):	$	38		$	45		$	—		$	—		$	83
Eight months charges - continuing operations		38			3			4			4			49
Eight months charges - discontinued operations		3			—			—			—			3
Eight months utilization/cash payments		(48	)		(32	)		(4	)		(4	)		(88	)
Eight months other adjustments & reclasses (1)		(3	)		(9	)		—			—			(12	)
Balance as of August 31, 2013 (Predecessor):	$	28		$	7		$	—		$	—		$	35
Four months charges	$	13		$	3		$	1		$	—		$	17
Four months utilization/cash payments		(15	)		(3	)		(1	)		—			(19	)
Four months other adjustments & reclasses (2)		—			1			—			—			1
Balance as of December 31, 2013 (Successor):		26			8			—			—			34
2014 charges		54			2			3			2			61
2014 utilization/cash payments		(47	)		(5	)		(3	)		(2	)		(57	)
2014 other adjustments & reclasses (3)		(11	)		—			—			—			(11	)
Balance as of December 31, 2014 (Successor):		22			5			—			—			27
2015 charges		33			4			1			8			46
2015 utilization/cash payments		(36	)		(5	)		(1	)		(8	)		(50	)
2015 other adjustments & reclasses (4)		(12	)		—			—			—			(12	)
Balance as of December 31, 2015 (Successor):	$	7		$	4		$	—		$	—		$	11

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Note 16 - Retirement Plans (Tables)

12 Months Ended

Dec. 31, 2015

Compensation and Retirement Disclosure [Abstract]

Schedule of Changes in Projected Benefit Obligations [Table Text Block]

(in millions)	Year Ended December 31, 2015						Year Ended December 31, 2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Change in Benefit Obligation
Projected benefit obligation at beginning of period	$	4,438		$	918		$	4,361		$	960
Transfers		—			—			—			(31	)
Service cost		17			3			18			4
Interest cost		148			17			176			30
Plan amendments		—			—			(61	)		—
Benefit payments		(478	)		(51	)		(339	)		(61	)
Actuarial (gain) loss		(35	)		(24	)		567			119
Settlements		—			—			(292	)		—
Special termination benefits		9			—			8			—
Currency adjustments		—			(63	)		—			(103	)
Projected benefit obligation at end of period	$	4,099		$	800		$	4,438		$	918
Change in Plan Assets
Fair value of plan assets at beginning of period	$	4,160		$	795		$	4,184		$	833
Transfers		—			—			—			(9	)
Gain on plan assets		111			31			607			111
Employer contributions		—			4			—			7
Settlements		—			—			(292	)		—
Benefit payments		(478	)		(51	)		(339	)		(61	)
Currency adjustments		—			(51	)		—			(86	)
Fair value of plan assets at end of period	$	3,793		$	728		$	4,160		$	795
Under Funded Status at end of period	$	(306	)	$	(72	)	$	(278	)	$	(123	)
Accumulated benefit obligation at end of period	$	4,098		$	792		$	4,436		$	907

Schedule Of Amounts From Pension Plan Recognized in Balance Sheet [Table Text Block]

	As of December 31,
(in millions)	2015						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Other long-term assets	$	—		$	39		$	—		$	29
Pension and other postretirement liabilities		(306	)		(111	)		(278	)		(152	)
Net amount recognized	$	(306	)	$	(72	)	$	(278	)	$	(123	)

Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets [Table Text Block]

	As of December 31,
(in millions)	2015				2014
	U.S.		Non-U.S.		U.S.		Non-U.S.
Projected benefit obligation	$	4,099	$	524	$	4,438	$	623
Accumulated benefit obligation		4,098		516		4,436		613
Fair value of plan assets		3,793		412		4,160		471

Schedule of Pension Plan Amounts Recognized In Accumulated Other Income Loss [Table Text Block]

	As of December 31,
(in millions)	2015						2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Prior service credit	$	50		$	4		$	58		$	4
Net actuarial loss		(285	)		(6	)		(159	)		(32	)
Total	$	(235	)	$	(2	)	$	(101	)	$	(28	)

Schedule Of Amounts From Pension Plans Recognized In Other Comprehensive Income [Table Text Block]

	Successor																Predecessor
	Year Ended December 31, 2015					Year Ended December 31, 2014						Four Months Ended December 31, 2013					Eight Months Ended August 31, 2013
(in millions)	U.S.			Non-U.S.		U.S.			Non-U.S.			U.S.			Non-U.S.		U.S.		Non-U.S.
Newly established (loss) gain	$	(126	)	$	25	$	(255	)	$	(46	)	$	97		$	8	$	80	$	78
Newly established prior service credit		—			—		61			—			—			6		—		—
Amortization of:
Prior service (credit) cost		(8	)		—		(3	)		—			—			—		1		—
Net actuarial loss		—			2		—			—			—			—		120		55
Prior service cost recognized due to curtailment		—			—		—			—			—			—		1		1
Net curtailment gain not recognized in expense		—			—		—			—			—			—		20		7
Net loss (gain) recognized in expense due to settlements		—			—		10			—			(11	)		—		—		1,542
Transfers		—			—		—			1			—			—		—		—
Total Income (loss) recognized in Other comprehensive income before fresh start accounting	$	(134	)	$	27	$	(187	)	$	(45	)	$	86		$	14	$	222	$	1,683
Effect of application of fresh start accounting																	$	1,955	$	418

Schedule Of Changes In Projected Benefit Obligations Fair Value Of Plan Assets And Funded Status Of Plan [Table Text Block]

	Successor																		Predecessor
(in millions)	Year Ended December 31, 2015						Year Ended December 31, 2014						Four Months Ended December 31, 2013						Eight Months Ended August 31, 2013
	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	$	17		$	3		$	18		$	4		$	7		$	2		$	19		$	6
Interest cost		148			17			176			30			67			10			120			95
Expected return on plan assets		(272	)		(30	)		(295	)		(38	)		(122	)		(14	)		(236	)		(105	)
Amortization of:
Prior service credit		(8	)		—			(3	)		—			—			—			1			—
Actuarial loss		—			2			—			—			—			—			120			55
Pension (income) expense before special termination benefits, curtailments and settlements		(115	)		(8	)		(104	)		(4	)		(48	)		(2	)		24			51
Special termination benefits		9			—			8			—			—			—			—			—
Curtailment (gains) losses		—			—			—			—			—			(1	)		1			1
Settlement (gains) losses		—			—			10			—			(11	)		—			—			114
Net pension (income) expense for major defined benefit plans		(106	)		(8	)		(86	)		(4	)		(59	)		(3	)		25			166
Other plans including unfunded plans		—			4			—			8			—			—			4			19
Net pension (income) expense	$	(106	)	$	(4	)	$	(86	)	$	4		$	(59	)	$	(3	)	$	29		$	185

Schedule Of Assumptions Used To Calculate Pension Plan Net Benefit Obligation [Table Text Block]

	Successor																		Predecessor
	December 31, 2015						December 31, 2014						December 31, 2013						August 31, 2013
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
Discount rate		3.89	%		2.50	%		3.50	%		2.09	%		4.50	%		3.40	%		4.25	%		3.33	%
Salary increase rate		3.37	%		1.91	%		3.34	%		1.95	%		3.37	%		2.74	%		3.39	%		2.77	%

Schedule of Assumptions Used to Calculate Pension Plan Net Benefit Costs [Table Text Block]

	Successor																		Predecessor
	Year Ended December 31, 2015						Year Ended December 31, 2014						Four Months Ended December 31, 2013						Eight Months Ended August 31, 2013
	U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.			U.S.			Non-U.S.
Discount rate		3.50	%		2.09	%		4.19	%		3.34	%		4.25	%		3.33	%		3.52	%		3.63	%
Salary increase rate		3.34	%		1.95	%		3.37	%		2.62	%		3.39	%		2.77	%		3.40	%		2.79	%
Expected long-term rate of return on plan assets		7.40	%		4.69	%		7.63	%		4.93	%		8.20	%		5.54	%		8.12	%		6.66	%

Schedule of Allocation of Plan Assets [Table Text Block]

	As of December 31,
	2015			2014			2015 Target
Asset Category
Equity securities		15	%		15	%	12	-	18%
Debt securities		35	%		35	%	32	-	38%
Real estate		3	%		3	%	2	-	8%
Cash and cash equivalents		1	%		3	%	0	-	6%
Global balanced asset allocation funds		13	%		14	%	10	-	20%
Other		33	%		30	%	25	-	35%
Total		100	%		100	%

	As of December 31,
	2015			2014			2015 Target
Asset Category
Equity securities		3	%		6	%	0	-	10%
Debt securities		35	%		27	%	28	-	38%
Real estate		0	%		1	%	0	-	5%
Cash and cash equivalents		3	%		4	%	0	-	10%
Global balanced asset allocation funds		6	%		11	%	0	-	10%
Other		53	%		51	%	50	-	60%
Total		100	%		100	%

Schedule of Fair Value of Plan Assets By Measurement Inputs Disclosure [Table Text Block]

	U.S.
(in millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	2	$	—	$	—	$	32	$	34
Equity Securities		—		—		—		571		571
Debt Securities:
Government Bonds		—		—		—		924		924
Investment Grade Bonds		—		382		—		—		382
Real Estate		—		—		34		96		130
Global Balanced Asset Allocation Funds		—		—		—		492		492
Other:
Absolute Return		—		—		—		487		487
Private Equity		—		—		24		744		768
Derivatives with unrealized gains		5		—		—		—		5
	$	7	$	382	$	58	$	3,346	$	3,793

	U.S.
(in millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	1	$	—	$	—	$	114	$	115
Equity Securities		—		—		—		632		632
Debt Securities:
Government Bonds		—		—		—		989		989
Investment Grade Bonds		—		442		—		—		442
Real Estate		—		—		41		98		139
Global Balanced Asset Allocation Funds		—		—		—		587		587
Other:
Absolute Return		—		—		—		426		426
Private Equity		—		—		28		752		780
Derivatives with unrealized gains		50		—		—		—		50
	$	51	$	442	$	69	$	3,598	$	4,160

	Non - U.S.
(in millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	5		$	—	$	—	$	16	$	21
Equity Securities		—			6		—		16		22
Debt Securities:
Government Bonds		—			39		—		117		156
Inflation-Linked Bonds		—			—		—		3		3
Investment Grade Bonds		—			45		—		45		90
Global High Yield & Emerging Market Debt		—			—		—		3		3
Real Estate		—			2		—		—		2
Global Balanced Asset Allocation Funds		—			—		—		47		47
Other:
Absolute Return		—			4		—		8		12
Private Equity		—			—		—		61		61
Insurance Contracts		—			311		—		—		311
Derivatives with unrealized gains		2			—		—		—		2
Derivatives with unrealized losses		(2	)		—		—		—		(2	)
	$	5		$	407	$	—	$	316	$	728

	Non - U.S.
(in millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)			Significant Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Measured at NAV		Total
Cash and cash equivalents	$	4		$	—	$	—	$	32	$	36
Equity Securities		—			8		—		38		46
Debt Securities:
Government Bonds		—			39		—		114		153
Inflation-Linked Bonds		—			—		—		9		9
Investment Grade Bonds		—			37		—		—		37
Global High Yield & Emerging Market Debt		—			—		—		11		11
Real Estate		—			2		—		—		2
Global Balanced Asset Allocation Funds		—			1		—		90		91
Other:
Absolute Return		—			4		—		7		11
Private Equity		—			—		—		56		56
Insurance Contracts		—			340		—		—		340
Derivatives with unrealized gains		5			—		—		—		5
Derivatives with unrealized losses		(2	)		—		—		—		(2	)
	$	7		$	431	$	—	$	357	$	795

Schedule of Effect of Significant Unobservable Inputs, Changes in Plan Assets [Table Text Block]

(in millions)
	U.S.
	Balance at January 1, 2015		Net Realized and Unrealized Gains/(Losses)		Net Purchases and Sales			Net Transfer Into/(Out of) Level 3		Balance at December 31, 2015
Real Estate	$	41	$	6	$	(13	)	$	—	$	34
Private Equity		28		1		(5	)		—		24
Total	$	69	$	7	$	(18	)	$	—	$	58

	U.S.
	Balance at January 1, 2014		Net Realized and Unrealized Gains/(Losses)			Net Purchases and Sales			Net Transfer Into/(Out of) Level 3		Balance at December 31, 2014
Real Estate	$	47	$	—		$	(6	)	$	—	$	41
Private Equity		54		(12	)		(14	)		—		28
Total	$	101	$	(12	)	$	(20	)	$	—	$	69

Schedule Of Expected Pension Plan Payments [Table Text Block]

(in millions)			U.S.		Non-U.S.
2016			$	357	$	47
2017				341		47
2018				331		46
2019				321		46
2020				311		45
2021	-	2025		1,401		214

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Note 17 - Other Postretirement Benefits (Tables)

12 Months Ended

Dec. 31, 2015

Note 17 - Other Postretirement Benefits (Tables) [Line Items]

Schedule of Changes in Projected Benefit Obligations [Table Text Block]

(in millions)	Year Ended December 31, 2015						Year Ended December 31, 2014
	U.S.			Non-U.S.			U.S.			Non-U.S.
Change in Benefit Obligation
Projected benefit obligation at beginning of period	$	4,438		$	918		$	4,361		$	960
Transfers		—			—			—			(31	)
Service cost		17			3			18			4
Interest cost		148			17			176			30
Plan amendments		—			—			(61	)		—
Benefit payments		(478	)		(51	)		(339	)		(61	)
Actuarial (gain) loss		(35	)		(24	)		567			119
Settlements		—			—			(292	)		—
Special termination benefits		9			—			8			—
Currency adjustments		—			(63	)		—			(103	)
Projected benefit obligation at end of period	$	4,099		$	800		$	4,438		$	918
Change in Plan Assets
Fair value of plan assets at beginning of period	$	4,160		$	795		$	4,184		$	833
Transfers		—			—			—			(9	)
Gain on plan assets		111			31			607			111
Employer contributions		—			4			—			7
Settlements		—			—			(292	)		—
Benefit payments		(478	)		(51	)		(339	)		(61	)
Currency adjustments		—			(51	)		—			(86	)
Fair value of plan assets at end of period	$	3,793		$	728		$	4,160		$	795
Under Funded Status at end of period	$	(306	)	$	(72	)	$	(278	)	$	(123	)
Accumulated benefit obligation at end of period	$	4,098		$	792		$	4,436		$	907

Schedule of Amounts from Other Post-retirement Plan Recognized in Balance Sheet [Table Text Block]

	As of December 31,
(in millions)	2015			2014
Other current liabilities	$	(5	)	$	(8	)
Pension and other postretirement liabilities		(73	)		(78	)
	$	(78	)	$	(86	)

Schedule of Amounts Recognized in Accumulated Other Comprehensive Income (Loss) [Table Text Block]

	As of December 31,
(in millions)	2015			2014
Net actuarial gain	$	(8	)	$	—
Total recorded in Accumulated other comprehensive income	$	(8	)	$	—

Schedule of Other Post-retirement Plan Recognized in Other Comprehensive Income (Loss) [Table Text Block]

	Year Ended December 31,
(in millions)	2015			2014
Newly established loss	$	(8	)	$	(2	)
Total loss recognized in Other comprehensive (loss) income	$	(8	)	$	(2	)

Schedule of Other Post-retirement Plan, Net Benefit Costs [Table Text Block]

	Successor						Predecessor
(in millions)	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
Components of net postretirement benefit cost:
Service cost	$	—	$	—	$	—	$	—
Interest cost		3		4		1		3
Amortization of:
Prior service credit		—		—		—		(75	)
Actuarial loss		—		—		—		3
Other postretirement benefit cost (income) from continuing operations	$	3	$	4	$	1	$	(69	)

Schedule of Assumptions Used to Calculate Other Post-retirement Plan, Net Benefit Obligation [Table Text Block]

	Year Ended December 31,
	2015			2014
Discount rate		3.60	%		3.49	%
Salary increase rate		1.80	%		2.60	%

Schedule of Assumptions Used to Calculate Other Post-retirement Plan Net Benefit Costs [Table Text Block]

	Successor									Predecessor
	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Discount rate		3.49	%		4.28	%		4.09	%		3.23	%
Salary increase rate		2.60	%		2.50	%		2.50	%		2.50	%

Other Post-retirement Benefits, Schedule of Health Care Cost Trend Rates [Table Text Block]

	2015			2014
Healthcare cost trend		5.81	%		6.47	%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)		4.21	%		4.65	%
Year that the rate reaches the ultimate trend rate	2022			2021

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]

(in millions)	1% increase		1% decrease
Effect on total service and interest cost	$	—	$	—
Effect on postretirement benefit obligation		4		(4	)

Schedule of Expected Other Post-retirement Benefit Payments [Table Text Block]

(in millions)
2016			$	5
2017				5
2018				5
2019				4
2020				4
2021	-	2025		19

Other Postretirement Benefit Plan [Member]

Note 17 - Other Postretirement Benefits (Tables) [Line Items]

Schedule of Changes in Projected Benefit Obligations [Table Text Block]

	Year Ended December 31,
(in millions)	2015			2014
Net benefit obligation at beginning of period	$	86		$	95
Interest cost		3			4
Plan participants’ contributions		7			9
Actuarial (gain) loss		(8	)		2
Benefit payments		(12	)		(18	)
Currency adjustments		2			(6	)
Net benefit obligation at end of period	$	78		$	86
Underfunded status at end of period	$	(78	)	$	(86	)

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Note 18 - Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2015

Note 18 - Earnings Per Share (Tables) [Line Items]

Schedule of Weighted Average Number of Shares [Table Text Block]

(in millions of shares)	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013
Unvested share-based awards		0.2		0.1		0.2
Warrants to purchase common shares		0.3		1.5		1.7
Total		0.5		1.6		1.9

Employee Stock Option [Member]

Note 18 - Earnings Per Share (Tables) [Line Items]

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

	Predecessor
(in millions of shares)	Eight Months Ended August 31, 2013
Employee stock options		7.0
Detachable warrants to purchase common shares		40.0
Total		47.0

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Note 19 - Stock-based Compensation (Tables)

12 Months Ended

Dec. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]

	Number of Restricted Stock Units			Weighted-Average Grant Date Fair Values
Outstanding on December 31, 2014		685,430		$	22.15
Granted		387,187		$	14.86
Vested		(237,957	)	$	21.73
Forfeited		(60,115	)	$	15.74
Outstanding on December 31, 2015		774,545		$	19.13

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

	Shares Under Option			Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life (Years)
Outstanding on December 31, 2014		781,321		$	22.56
Granted		783,476		$	15.31
Forfeited		(44,002	)	$	20.25
Outstanding on December 31, 2015		1,520,795		$	18.89		6.17
Exercisable on December 31, 2015		273,205		$	22.61		5.73
Expected to vest December 31, 2015		1,247,590		$	18.08		6.27

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

	For the Years Ended December 31,
	2015			2014
Weighted-average fair value of options granted		$5.94			$7.44
Weighted-average risk-free interest rate		1.46%			1.46%
Range of risk-free interest rates	1.26%	-	1.60%	1.39%	-	1.51%
Weighted-average expected option lives (years)		4.5			4.5
Expected option lives (years)		4.5			4.5
Weighted-average volatility		46%			39%
Range of expected volatilities	40%	-	49%	36%	-	42%
Weighted-average expected dividend yield		0.0%			0.0%

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Note 21 - Other Comprehensive (Loss) Income (Tables)

12 Months Ended

Dec. 31, 2015

Disclosure Text Block [Abstract]

Comprehensive Income (Loss) [Table Text Block]

(in millions)	Successor									Predecessor
	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Currency translation adjustments	$	(35	)	$	(33	)	$	1		$	4
Reclassification adjustment for losses included in Other charges (net), before tax		2			—			—			—
Reclassification adjustment for losses included in Other charges (net), net of tax		2			—			—			—
Pension and other postretirement benefit plan changes
Newly established prior service credit		4			61			6			—
Newly established net actuarial (loss) gain		(88	)		(278	)		95			393
Tax (benefit) provision		(5	)		7			(3	)		(14	)
Newly established prior service credit and net actuarial (loss) gain, net of tax		(89	)		(210	)		98			379
Reclassification adjustments:
Amortization of prior service credit (a)		(8	)		(3	)		—			(75	)
Amortization of actuarial (gains) losses (a)		(2	)		1			—			185
Recognition of losses due to settlements and curtailments (a)		1			10			—			1,563
Total reclassification adjustments		(9	)		8			—			1,673
Tax (provision)		—			—			—			(448	)
Reclassification adjustments, net of tax		(9	)		8			—			1,225
Pension and other postretirement benefit plan changes, net of tax		(98	)		(202	)		98			1,604
Other comprehensive (loss) income	$	(131	)	$	(235	)	$	99		$	1,608

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Note 22 - Accumulated Other Comprehensive (Loss) Income (Tables)

12 Months Ended

Dec. 31, 2015

Accumulated Other Comprehensive Income Loss [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

	As of December 31,
(in millions)	2015			2014
Currency translation adjustments	$	(67	)	$	(32	)
Available for sale securities		2		$	—
Pension and other postretirement benefit plan changes		(202	)		(104	)
Ending balance	$	(267	)	$	(136	)

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Note 23 - Segment Information (Tables)

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Successor						Predecessor
	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
(in millions)
Print Systems	$	1,106	$	1,257	$	485	$	844
Enterprise Inkjet Systems		173		185		83		133
Micro 3D Printing and Packaging		128		130		42		75
Software and Solutions		112		108		39		82
Consumer and Film		265		352		147		371
Intellectual Property Solutions		1		70		9		1
Eastman Business Park		13		14		4		4
All Other		—		—		3		36
Consolidated total	$	1,798	$	2,116	$	812	$	1,546

	Successor									Predecessor
(in millions)	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Print Systems	$	98		$	93		$	38		$	32
Enterprise Inkjet Systems		(26	)		(44	)		(15	)		(34	)
Micro 3D Printing and Packaging (5)		9			(1	)		—			(3	)
Software & Solutions		9			3			(1	)		(11	)
Consumer & Film		52			66			34			127
Intellectual Property Solutions		(22	)		40			(2	)		(19	)
Eastman Business Park		2			1			4			1
Total of reportable segments		122			158			58			93
All Other		5			5			4			5
Depreciation and amortization		(145	)		(199	)		(75	)		(97	)
Corporate components of pension and OPEB income (1)		133			110			67			43
Restructuring costs and other		(38	)		(59	)		(17	)		(45	)
Stock-based compensation		(18	)		(8	)		(1	)		(3	)
Change in U.S. vacation benefits (4)		17			—			—			—
Consulting and other costs (2)		(13	)		(6	)		(2	)		—
Idle costs (3)		(3	)		(4	)		—			1
Costs previously allocated to discontinued operations		(1	)		(4	)		(5	)		(35	)
Fresh start adjustments		—			—			(73	)		—
Other operating (expense) income, net excluding gain related to Unipixel termination (5)		(5	)		(9	)		(2	)		495
Loss on early extinguishment of debt, net		—			—			—			(8	)
Interest expense		(63	)		(62	)		(22	)		(106	)
Other charges, net		(21	)		(21	)		10			(13	)
Reorganization items, net		(5	)		(13	)		(16	)		2,026
Consolidated (loss) earnings from continuing operations before income taxes	$	(35	)	$	(112	)	$	(74	)	$	2,356

(in millions)	Successor						Predecessor
Intangible asset amortization expense from continuing operations:	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
Print Systems	$	9	$	9	$	3	$	6
Enterprise Inkjet Systems		4		4		1		2
Micro 3D Packaging & Printing		9		9		3		1
Software & Solutions		2		2		1		1
Consumer & Film		1		1		—		—
Consolidated total	$	25	$	25	$	8	$	10

(in millions)	Successor						Predecessor
Depreciation expense from continuing operations:	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31,2013		Eight Months Ended August 31,2013
Print Systems	$	39	$	51	$	19	$	34
Enterprise Inkjet Systems		12		12		5		8
Micro 3D Packaging & Printing		6		8		3		4
Software & Solutions		1		2		1		2
Consumer & Film		30		65		23		23
Intellectual Property Solutions		2		8		4		2
Eastman Business Park		6		11		7		7
Sub-total		96		157		62		80
Other		16		15		5		3
Restructuring-related depreciation		8		2		—		4
Consolidated total	$	120	$	174	$	67	$	87

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]

(in millions)	Successor						Predecessor
Net sales to external customers attributed to (1):	Year Ended December 31, 2015		Year Ended December 31, 2014		Four Months Ended December 31, 2013		Eight Months Ended August 31, 2013
The United States	$	622	$	751	$	243	$	519
Europe, Middle East and Africa		597		727		287		548
Asia Pacific		402		451		207		330
Canada and Latin America		177		187		75		149
Non U.S. countries total		1,176		1,365		569		1,027
Consolidated total	$	1,798	$	2,116	$	812	$	1,546

(in millions)	As of December 31,
Property, plant and equipment, net located in:	2015		2014		2013
The United States	$	217	$	271	$	378
Europe, Middle East and Africa		55		68		91
Asia Pacific		76		75		83
Canada and Latin America		78		110		132
Non U.S. countries total (1)		209		253		306
Consolidated total	$	426	$	524	$	684

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Note 25 - Fresh Start Accounting (Tables)

12 Months Ended

Dec. 31, 2015

Note 25 - Fresh Start Accounting (Tables) [Line Items]

Reconciliation of Enterprise Value to Estimated Fair Value [Table Text Block]

(in millions, except share and per share value)
Enterprise value	$	1,000
Plus: Cash and cash equivalents		898
Less: Other non-operating liabilities		18
Less: Fair value of debt and capitalized lease obligations		734
Less: Fair value of pension and other postretirement obligations		533
Less: Fair value of warrants		24
Fair value of Successor common stock	$	589
Shares outstanding at September 3, 2013		41,753,211
Per share value	$	14.11

Reconciliation of Enterprise Value to Estimated Reorganization Value [Table Text Block]

(in millions)
Enterprise value	$	1,000
Plus: Cash and cash equivalents		898
Plus: Fair value of noncontrolling interests		10
Plus: Fair value of non-debt liabilities		2,088
Less: Fair value of pension and other postretirement obligations		533
Reorganization value of Successor assets	$	3,463

Schedule of Cash Payments for Reorganization Adjustments [Table Text Block]

(in millions)
Sources:
Net proceeds from Emergence Credit Facilities	$	664
Proceeds from Rights Offerings		406
Total sources			$	1,070
Uses:
Repayment of Junior DIP Term Loans	$	644
Repayment of Second Lien Notes		375
Claims paid at emergence		94
Funding of escrow accounts		113
Other fees and expenses		16
Total uses				1,242
Net uses			$	(172	)

Reorganization Liabilities Subject to Compromise [Table Text Block]

(in millions)
Liabilities subject to compromise of the Predecessor Company (LSTC)			$	2,475
Cash payments at emergence from LSTC				(84	)
Claims expected to be satisfied in cash				(35	)
Liabilities reinstated at emergence:
Pension and other postretirement liabilities	(156	)
Environmental obligations	(61	)
Other current liabilities	(9	)
Total liabilities reinstated at emergence				(226	)
Fair value of equity issued to unsecured creditors				(85	)
Fair value of warrants issued to unsecured creditors				(24	)
Gain on settlement of liabilities subject to compromise			$	2,021

Schedule of Cumulative Impact of Reorganization Adjustments [Table Text Block]

(in millions)
Gain on settlement of liabilities subject to compromise	$	2,021
Fair value of shares issued to Backstop Parties and employees		(25	)
Write-off of unamortized debt discounts and debt issuance costs		(14	)
Success fees accrued at emergence		(13	)
Emergence and success fees paid at emergence		(9	)
Write-off of deferred equity issuance costs		(3	)
Net gain on reoganization adjustments		1,957
Cancellation of Predecessor Company equity		(3,628	)
Net impact to Retained earnings (deficit)	$	(1,671	)

Schedule of Inventory, Current [Table Text Block]

	As of December 31,
(in millions)	2015		2014
Finished goods	$	177	$	204
Work in process		65		73
Raw materials		72		72
Total	$	314	$	349

Property, Plant and Equipment [Table Text Block]

	As of December 31,
(in millions)	2015			2014
Land	$	74		$	100
Buildings and building improvements		171			176
Machinery and equipment		483			432
Construction in progress		28			47
		756			755
Accumulated depreciation		(330	)		(231	)
Property, plant and equipment, net	$	426		$	524

Schedule of Goodwill [Table Text Block]

(in millions)	Print Systems		Micro 3D Printing and Packaging			Software and Solutions		Consumer and Film		Intellectual Property Solutions			Consolidated Total
Balance as of December 31, 2013:	$	51	$	24		$	6	$	6	$	1		$	88
Fresh start accounting adjustment		5		2			—		—		1			8
Balance as of December 31, 2014:	$	56	$	26		$	6	$	6	$	2		$	96
Impairment		—		(6	)		—		—		(2	)		(8	)
Balance as of December 31, 2015:	$	56	$	20		$	6	$	6	$	—		$	88

Cumulative Impact of Fresh Start Adjustments [Table Text Block]

(in millions)
Establishment of Successor goodwill	$	88
Elimination of Predecessor goodwill		(56	)
Establishment of Successor intangibles		235
Elimination of Predecessor intangibles		(43	)
Inventory fair value adjustment		67
Property, plant & equipment fair value adjustment		220
Pension and other postretirement obligations fair value adjustment		(178	)
Rights offering fair value adjustment		(73	)
Long-term debt fair value adjustment		(11	)
Other assets and liabilities fair value adjustments		53
Net gain on fresh start adjustments		302
Tax impact on fresh start adjustments		(69	)
Elimination of Predecessor accumulated other comprehensive loss		(1,008	)
Net impact on Retained earnings (deficit)	$	(775	)

Reorganization and Fresh Start Adjustments [Member]

Note 25 - Fresh Start Accounting (Tables) [Line Items]

Condensed Balance Sheet [Table Text Block]

(in millions)	Predecessor Company (a)			Reorganization Adjustments				Fresh Start Adjustments				Successor Company
ASSETS
Current Assets
Cash and cash equivalents	$	1,070		$	(172	)	(1)	$	—			$	898
Restricted cash		24			98		(2)		—				122
Receivables, net		492			—				—				492
Inventories, net		435			—				67		(21)		502
Assets held for sale		109			—				8		(22)		117
Other current assets		77			8		(3)		(42	)	(23)		42
					(1	)	(4)
Total current assets		2,207			(67	)			33				2,173
Property, plant & equipment, net		507			—				220		(24)		727
Goodwill		56			—				32		(25)		88
Intangible assets, net		43			—				192		(26)		235
Deferred income taxes		22			(21	)	(3)		55		(23)		56
Other long-term assets		202			15		(5)		(26	)	(27)		184
					8		(6)		(8	)	(28)
					(8	)	(7)		1		(29)
TOTAL ASSETS	$	3,037		$	(73	)		$	499			$	3,463
LIABILITIES AND EQUITY (DEFICIT)
Current Liabilities
Accounts payable, trade	$	317		$	6		(8)	$	—			$	339
					3		(9)
					13		(10)
Short-term borrowings and current portion of long-term debt		681			(641	)	(11)		—				44
					4		(12)
Other current liabilities		600			(17	)	(13)		(8	)	(30)		586
					(13	)	(3)		(14	)	(29)
					38		(14)
Liabilities held for sale		45			—				(3	)	(22)		42
Total current liabilities		1,643			(607	)			(25	)			1,011
Long-term debt, net of current portion		370			(370	)	(15)		11		(31)		676
					665		(16)
Pension and other postretirement liabilities		411			156		(17)		178		(29)		745
Other long-term liabilities		318			61		(17)		82		(23)		408
									(53	)	(32)
Liabilities subject to compromise		2,475			(2,475	)	(17)		—				—
Total liabilities		5,217			(2,570	)			193				2,840
Equity (Deficit)
Common stock (Successor)		—			—		(18)		—				—
Additional paid in capital (Successor)		—			540		(18)		73		(33)		613
Common stock (Predecessor)		978			(978	)	(19)		—				—
Additional paid in capital (Predecessor)		1,105			(1,105	)	(19)		—				—
Retained earnings (deficit)		2,446			(1,671	)	(20)		(775	)	(34)		—
Accumulated other comprehensive loss		(1,008	)		—				1,008		(34)		—
		3,521			(3,214	)			306				613
Less: Treasury stock (Predecessor)		(5,711	)		5,711		(19)		—				—
Total Eastman Kodak Company shareholders’ (deficit) equity		(2,190	)		2,497				306				613
Noncontrolling interests		10			—				—				10
Total equity (deficit)		(2,180	)		2,497				306				623
TOTAL LIABILITIES AND EQUITY (DEFICIT)	$	3,037		$	(73	)		$	499			$	3,463

Schedule of Goodwill [Table Text Block]

(in millions)	Successor As of September 1, 2013
Reorganization value of Successor assets	$	3,463
Less: Fair value of Successor assets (excluding goodwill)		3,375
Reorganization value of Successor assets in excess of fair value - Successor goodwill	$	88

As of August 31 2013 and Fair Value at September 1, 2013 [Member]

Note 25 - Fresh Start Accounting (Tables) [Line Items]

Schedule of Inventory, Current [Table Text Block]

(in millions)	Successor As of September 1, 2013		Predecessor As of August 31, 2013
Finished goods	$	280	$	235
Work in process		120		99
Raw materials		102		101
Total	$	502	$	435

Property, Plant and Equipment [Table Text Block]

(in millions)	Successor As of September 1, 2013		Predecessor As of August 31, 2013
Land	$	114	$	35
Buildings and building improvements		180		189
Machinery and equipment		402		252
Construction in progress		31		31
Total	$	727	$	507

XML

Note 26 - Reorganization Items, Net (Tables)

12 Months Ended

Dec. 31, 2015

Reorganization Items Net [Abstract]

Reorganization Items, Net [Table Text Block]

	Successor								Predecessor
(in millions)	Year Ended December 31, 2015		Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
Professional fees	$	1	$	10		$	19		$	114
Provision for expected allowed claims		—		(1	)		—			133
Net gain on reorganization adjustments		—		—			—			(1,957	)
Net gain on fresh start adjustments		—		—			—			(302	)
Other items, net		4		4			(3	)		(14	)
Reorganization items, net	$	5	$	13		$	16		$	(2,026	)
Cash payments for reorganization items	$	9	$	21		$	85		$	210

XML

Note 27 - Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups Including Discontinued Operations Consolidated Statement of Financial Position [Table Text Block]

	As of December 31,
(in millions)	2015		2014
Inventories, net	$	—	$	2
Property, plant and equipment, net		—		4
Other assets		—		6
Current assets held for sale	$	—	$	12
Trade payables	$	—	$	1
Current liabilities held for sale	$	—	$	1

Schedule of Disposal Groups Including Discontinued Operations Income Statement [Table Text Block]

	Successor									Predecessor
	Year Ended December 31, 2015			Year Ended December 31, 2014			Four Months Ended December 31, 2013			Eight Months Ended August 31, 2013
(in millions)
Revenues from Personalized and Document Imaging	$	1		$	61		$	77		$	738
Revenues from other discontinued operations		—			—			1			23
Total revenues from discontinued operations	$	1		$	61		$	78		$	761
Pre-tax (loss) earnings from Personalized and Document Imaging	$	(5	)	$	9		$	5		$	(217	)
Pre-tax loss from other discontinued operations		—			—			1			(14	)
(Provision) benefit for income taxes related to discontinued operations		(3	)		(5	)		(2	)		96
Earnings (loss) from discontinued operations, net of income taxes	$	(8	)	$	4		$	4		$	(135	)

XML

Note 28 - Quarterly Sales and Earnings Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2015

Quarterly Sales and Earnings Data Ending 2015 [Member]

Note 28 - Quarterly Sales and Earnings Data (Unaudited) (Tables) [Line Items]

Schedule of Quarterly Financial Information [Table Text Block]

(in millions, except per share data)	4th Qtr.			3rd Qtr.			2nd Qtr.			1st Qtr.
2015
Net revenues from continuing operations	$	467		$	446		$	458		$	427
Gross profit from continuing operations		119			99			86			77
Earnings (loss) from continuing operations		23	(3)		(13	)		(23	)		(54	)
(Loss) earnings from discontinued operations (4)		—			(8	)		—			—
Net earnings (loss) attributable to Eastman Kodak Company		24			(22	)		(24	)		(58	)
Basic and diluted net earnings (loss) per share attributable to Eastman Kodak Company
Continuing operations	$	0.57		$	(0.34	)	$	(0.57	)	$	(1.38	)
Discontinued operations		—			(0.19	)		—			—
Total	$	0.57		$	(0.53	)	$	(0.57	)	$	(1.38	)

Quarterly Sales and Earnings Data Ending 2014 [Member]

Note 28 - Quarterly Sales and Earnings Data (Unaudited) (Tables) [Line Items]

Schedule of Quarterly Financial Information [Table Text Block]

(in millions, except per share data)	4th Qtr.				3rd Qtr.				2nd Qtr.			1st Qtr.
2014
Net revenues from continuing operations	$	532			$	568			$	528		$	488
Gross profit from continuing operations		109				156				102			89
(Loss) earnings from continuing operations		(40	)	(2)		31		(1)		(60	)		(53	)
(Loss) earnings from discontinued operations (4)		(1	)			(12	)			(2	)		19
Net (loss) earnings attributable to Eastman Kodak Company		(42	)			17				(62	)		(36	)
Basic net (loss) earnings per share attributable to Eastman Kodak Company
Continuing operations	$	(0.98	)		$	0.70			$	(1.44	)	$	(1.32	)
Discontinued operations		(0.02	)			(0.29	)			(0.05	)		0.46
Total	$	(1.00	)		$	0.41			$	(1.49	)	$	(0.86	)
Diluted net (loss) earnings per share attributable to Eastman Kodak Company
Continuing operations	$	(0.98	)		$	0.67			$	(1.44	)	$	(1.32	)
Discontinued operations		(0.02	)			(0.28	)			(0.05	)		0.46
Total	$	(1.00	)		$	0.39			$	(1.49	)	$	(0.86	)

XML

Schedule II - Valuation and Qualifying Accounts (Tables)

12 Months Ended

Dec. 31, 2015

Valuation and Qualifying Accounts [Abstract]

Summary of Valuation Allowance [Table Text Block]

(in millions)	Beginning Balance		Additions		Net Deductions and Other		Ending Balance
Year ended December 31, 2015 (Successor)
Reserve for doubtful accounts	$	11		4		5	$	10
Deferred tax valuation allowance	$	1,127		182		108	$	1,201
Year ended December 31, 2014 (Successor)
Reserve for doubtful accounts	$	6		5		—	$	11
Deferred tax valuation allowance	$	953		257		83	$	1,127
Four Months ended December 31, 2013 (Successor)
Reserve for doubtful accounts	$	—		6		—	$	6
Deferred tax valuation allowance	$	1,273		157		477	$	953
In connection with the application of fresh start accounting on September 1, 2013, the carrying value of trade receivables was adjusted to fair value, eliminating the reserve for doubtful accounts.
Eight Months ended August 31, 2013 (Predecessor)
Reserve for doubtful accounts	$	30		—		8	$	22
Deferred tax valuation allowance	$	2,838		180		1,745	$	1,273

XML

Note 1 - Basis of Presentation and Significant Accounting Policies (Details)		3 Months Ended		4 Months Ended	8 Months Ended	12 Months Ended
	Jan. 01, 2014 USD ($)	Mar. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Aug. 31, 2013 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) [Line Items]
Foreign Currency Transaction Gain (Loss), before Tax		$ (2,000,000)	$ (16,000,000)			$ (2,000,000)	$ (16,000,000)
Advertising Expense				$ 6,000,000	$ 14,000,000	8,000,000	13,000,000
Deferred Tax Assets, Net of Valuation Allowance, Current			$ 31,000,000			$ 22,000,000	$ 31,000,000
Venezuelan bolívar fuerte
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) [Line Items]
Foreign Currency Exchange Rate, Remeasurement			6.3			6.3	6.3
SICAD 1 [Member] | Venezuelan bolívar fuerte
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) [Line Items]
Foreign Currency Exchange Rate, Remeasurement			12.0				12.0
SICAD 2 [Member] | Venezuelan bolívar fuerte
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) [Line Items]
Foreign Currency Exchange Rate, Remeasurement			49.99				49.99
SIMADI [Member] | Venezuelan bolívar fuerte
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) [Line Items]
Foreign Currency Exchange Rate, Remeasurement		191.97				198.7
Reduction in Level 3 Assets for the U.S. Plans [Member] | Year Ended December 31, 2014 [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) [Line Items]
Prior Period Reclassification Adjustment							$ 1,837,000,000
Reduction in Level 3 Assets for the U.S. Plans [Member] | Year Ended December 31, 2013 [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) [Line Items]
Prior Period Reclassification Adjustment	$ 1,721,000,000
Reduction in Level 3 Assets for the Non-U.S. Plans [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) [Line Items]
Prior Period Reclassification Adjustment	$ 106,000,000
Reduction in Level 3 Assets for the Non-U.S. Plans [Member] | Year Ended December 31, 2014 [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) [Line Items]
Prior Period Reclassification Adjustment							106
Decrease in Level 2 Assets for the U.S. Plans [Member] | Year Ended December 31, 2014 [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) [Line Items]
Prior Period Reclassification Adjustment							1,761,000,000
RED-Rochester, LLC [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) [Line Items]
Noncontrolling Interest in Variable Interest Entity			$ 21,000,000			$ 25,000,000	21,000,000
RED-Rochester, LLC [Member] | Variable Interest Entity, Primary Beneficiary [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) [Line Items]
Variable Interest Entity, Consolidated, Carrying Amount, Assets			77,000,000			69,000,000	77,000,000
Variable Interest Entity, Consolidated, Carrying Amount, Liabilities			11,000,000			13,000,000	11,000,000
Kodak's Venezuelan Subsidiary [Member] | Venezuelan bolívar fuerte
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) [Line Items]
Foreign Denominated Monetary Assets			$ 2,000,000			$ 1,000,000	$ 2,000,000
Minimum [Member] | Equipment Subject to Operating Leases [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) [Line Items]
Property, Plant and Equipment, Useful Life						3 years
Maximum [Member] | Equipment Subject to Operating Leases [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) [Line Items]
Property, Plant and Equipment, Useful Life						7 years

XML

Note 1 - Basis of Presentation and Significant Accounting Policies (Details) - Property, Plant and Equipment Estimated Useful Lives	8 Months Ended	12 Months Ended
	Aug. 31, 2013	Dec. 31, 2015
Land Improvements [Member] | Successor [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) - Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives		20 years
Minimum [Member] | Building and Building Improvements [Member] | Successor [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) - Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives		5 years
Minimum [Member] | Building and Building Improvements [Member] | Predecessor [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) - Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	1 year
Minimum [Member] | Land Improvements [Member] | Predecessor [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) - Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	1 year
Minimum [Member] | Leasehold Improvements [Member] | Successor [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) - Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives		3 years
Minimum [Member] | Leasehold Improvements [Member] | Predecessor [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) - Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	1 year
Minimum [Member] | Equipment [Member] | Successor [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) - Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives		3 years
Minimum [Member] | Equipment [Member] | Predecessor [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) - Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	1 year
Minimum [Member] | Tools, Dies and Molds [Member] | Successor [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) - Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives		1 year
Minimum [Member] | Tools, Dies and Molds [Member] | Predecessor [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) - Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	1 year
Minimum [Member] | Furniture and Fixtures [Member] | Successor [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) - Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives		5 years
Minimum [Member] | Furniture and Fixtures [Member] | Predecessor [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) - Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	1 year
Maximum [Member] | Building and Building Improvements [Member] | Successor [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) - Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives		40 years
Maximum [Member] | Building and Building Improvements [Member] | Predecessor [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) - Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	38 years
Maximum [Member] | Land Improvements [Member] | Predecessor [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) - Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	20 years
Maximum [Member] | Leasehold Improvements [Member] | Successor [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) - Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives		20 years
Maximum [Member] | Leasehold Improvements [Member] | Predecessor [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) - Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	10 years
Maximum [Member] | Equipment [Member] | Successor [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) - Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives		15 years
Maximum [Member] | Equipment [Member] | Predecessor [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) - Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	20 years
Maximum [Member] | Tools, Dies and Molds [Member] | Successor [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) - Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives		3 years
Maximum [Member] | Tools, Dies and Molds [Member] | Predecessor [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) - Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	3 years
Maximum [Member] | Furniture and Fixtures [Member] | Successor [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) - Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives		10 years
Maximum [Member] | Furniture and Fixtures [Member] | Predecessor [Member]
Note 1 - Basis of Presentation and Significant Accounting Policies (Details) - Property, Plant and Equipment Estimated Useful Lives [Line Items]
Property, plant, and equipment, estimated useful lives	10 years

XML

Note 2 - Receivables, Net (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Receivables [Abstract]
Expected Customer Settlements in Lieu of Cash Payments	$ 28	$ 31

XML

Note 2 - Receivables, Net (Details) - Receivables, Net - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Receivables, Net [Abstract]
Trade receivables	$ 318	$ 361
Miscellaneous receivables	47	53
Total (net of allowances of $10 and $11 as of December 31, 2015 and December 31, 2014, respectively)	$ 365	$ 414

XML

Note 2 - Receivables, Net (Details) - Receivables, Net (Parentheticals) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Receivables, Net [Abstract]
Allowances	$ 10	$ 11

XML

Note 3 - Inventories, Net (Details) - Inventories - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Inventories [Abstract]
Finished goods	$ 177	$ 204
Work in process	65	73
Raw materials	72	72
Total	$ 314	$ 349

XML

Note 4 - Property, Plant and Equipment, Net and Equipment Subject to Operating Leases, Net (Details) - USD ($) $ in Millions	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Note 4 - Property, Plant and Equipment, Net and Equipment Subject to Operating Leases, Net (Details) [Line Items]
Restructuring and Related Cost, Accelerated Depreciation		$ 4		$ 2
Successor [Member]
Note 4 - Property, Plant and Equipment, Net and Equipment Subject to Operating Leases, Net (Details) [Line Items]
Depreciation	$ 67		$ 120	174
Restructuring and Related Cost, Accelerated Depreciation	$ 0		$ 8	$ 2
Predecessor [Member]
Note 4 - Property, Plant and Equipment, Net and Equipment Subject to Operating Leases, Net (Details) [Line Items]
Depreciation		87
Restructuring and Related Cost, Accelerated Depreciation		$ 4

XML

Note 4 - Property, Plant and Equipment, Net and Equipment Subject to Operating Leases, Net (Details) - Property, Plant and Equipment - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Abstract]
Land	$ 74	$ 100
Buildings and building improvements	171	176
Machinery and equipment	483	432
Construction in progress	28	47
	756	755
Accumulated depreciation	(330)	(231)
Property, plant and equipment, net	$ 426	$ 524

XML

Note 4 - Property, Plant and Equipment, Net and Equipment Subject to Operating Leases, Net (Details) - Equipment Subject to Operating Leases - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Equipment Subject to Operating Leases [Abstract]
Equipment subject to operating leases, net	$ 37	$ 25
Accumulated depreciation	(14)	(10)
Equipment subject to operating leases, net	$ 23	$ 15

XML

Note 5 - Goodwill and Other Intangible Assets (Details) $ in Millions	3 Months Ended			4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2015 USD ($)	Mar. 31, 2015 USD ($)	Dec. 31, 2013 USD ($)	Dec. 31, 2013 USD ($)	Aug. 31, 2013 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Mar. 31, 2014 USD ($)
Note 5 - Goodwill and Other Intangible Assets (Details) [Line Items]
Fresh-Start Adjustment, Increase (Decrease), Goodwill							$ 8	$ 8
Goodwill	$ 88		$ 88	$ 88		$ 88	96
Goodwill, Impairment Loss						8
Amortization of Intangible Assets				8	$ 10	$ 25	25
Print Systems [Member]
Note 5 - Goodwill and Other Intangible Assets (Details) [Line Items]
Fresh-Start Adjustment, Increase (Decrease), Goodwill							5
Number of Reporting Units						2
Goodwill	56		51	51		$ 56	56
Goodwill, Impairment Loss						$ 0
Micro 3D Printing and Packaging [Member]
Note 5 - Goodwill and Other Intangible Assets (Details) [Line Items]
Fresh-Start Adjustment, Increase (Decrease), Goodwill							2
Number of Reporting Units						2
Goodwill	20		24	24		$ 20	26
Goodwill, Impairment Loss						$ 6
Software and Solutions [Member]
Note 5 - Goodwill and Other Intangible Assets (Details) [Line Items]
Number of Reporting Units						2
Goodwill	6		6	6		$ 6	6
Goodwill, Impairment Loss						$ 0
Consumer and Film [Member]
Note 5 - Goodwill and Other Intangible Assets (Details) [Line Items]
Number of Reporting Units						3
Goodwill	6		6	6		$ 6	6
Goodwill, Impairment Loss						$ 0
Enterprise Inkjet Systems [Member]
Note 5 - Goodwill and Other Intangible Assets (Details) [Line Items]
Number of Reporting Units						2
Intellectual Property Solutions [Member]
Note 5 - Goodwill and Other Intangible Assets (Details) [Line Items]
Fresh-Start Adjustment, Increase (Decrease), Goodwill							1
Number of Reporting Units						1
Goodwill			1	$ 1			2
Goodwill, Impairment Loss	2					$ 2
Eastman Business Park [Member]
Note 5 - Goodwill and Other Intangible Assets (Details) [Line Items]
Number of Reporting Units						1
Graphics, Entertainment and Commercial Films Segment [Member]
Note 5 - Goodwill and Other Intangible Assets (Details) [Line Items]
Goodwill							67
Digital Printing and Enterprise Segment [Member]
Note 5 - Goodwill and Other Intangible Assets (Details) [Line Items]
Goodwill							$ 29
Trade Names [Member]
Note 5 - Goodwill and Other Intangible Assets (Details) [Line Items]
Goodwill, Impairment Loss	0
Other Operating Income (Expense) [Member] | Micro 3D Printing and Packaging [Member]
Note 5 - Goodwill and Other Intangible Assets (Details) [Line Items]
Goodwill, Impairment Loss		$ 6
Other Operating Income (Expense) [Member] | Intellectual Property Solutions [Member]
Note 5 - Goodwill and Other Intangible Assets (Details) [Line Items]
Goodwill, Impairment Loss	$ 2
Other Operating Income (Expense) [Member] | Trade Names [Member]
Note 5 - Goodwill and Other Intangible Assets (Details) [Line Items]
Goodwill, Impairment Loss			$ 8

XML

Note 5 - Goodwill and Other Intangible Assets (Details) - Carrying Value of Goodwill by Reportable Segments - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Goodwill [Line Items]
Goodwill	$ 88	$ 88	$ 96		$ 88
Impairment		(8)
Fresh start accounting adjustment			8	$ 8
Print Systems [Member]
Goodwill [Line Items]
Goodwill	56	56	56		51
Impairment		0
Fresh start accounting adjustment			5
Micro 3D Printing and Packaging [Member]
Goodwill [Line Items]
Goodwill	20	20	26		24
Impairment		(6)
Fresh start accounting adjustment			2
Software and Solutions [Member]
Goodwill [Line Items]
Goodwill	6	6	6		6
Impairment		0
Consumer and Film [Member]
Goodwill [Line Items]
Goodwill	6	6	6		6
Impairment		0
Intellectual Property Solutions [Member]
Goodwill [Line Items]
Goodwill			2		$ 1
Impairment	$ (2)	$ (2)
Fresh start accounting adjustment			$ 1

XML

Note 5 - Goodwill and Other Intangible Assets (Details) - Gross Carrying Amount and Accumulated Amortization by Major Intangible Asset Category - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 216	$ 215
Accumulated Amortization	58	33
Net	158	182
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	46	46
Net	$ 46	$ 46
Weighted-Average Amortization Period (in years)
Technology-Based Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 131	$ 131
Accumulated Amortization	47	27
Net	$ 84	$ 104
Weighted-Average Amortization Period (in years)	6 years	7 years
Customer-Related Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 37	$ 36
Accumulated Amortization	11	6
Net	$ 26	$ 30
Weighted-Average Amortization Period (in years)	7 years	8 years
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2	$ 2
Net	$ 2	$ 2
Weighted-Average Amortization Period (in years)	20 years	21 years

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Note 5 - Goodwill and Other Intangible Assets (Details) - Estimated Future Amortization Expense Related to Intangible Assets $ in Millions	Dec. 31, 2015 USD ($)
Estimated Future Amortization Expense Related to Intangible Assets [Abstract]
2016	$ 25
2017	23
2018	18
2019	10
2020	9
2021 and thereafter	27
Total	$ 112

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Note 6 - Other Current Liabilities (Details) - Other Current Liabilities - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Other Current Liabilities [Abstract]
Accrued employment-related liabilities	$ 81	$ 132
Accrued customer rebates	31	34
Deferred revenue	39	48
Accrued restructuring liabilities	11	27
Deferred consideration on disposed businesses		11
Other	97	120
Total	$ 259	$ 372

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Note 7 - Other Long-term Liabilities (Details) - Summary of Other Long-term Liabilities - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Sep. 03, 2013
Summary of Other Long-term Liabilities [Abstract]
Workers compensation	$ 113	$ 123
Environmental liabilities	13	19
Asset retirement obligations	47	53
Other	105	129
Total	$ 278	$ 324	$ 18

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Note 8 - Short-term Borrowings and Long-term Debt (Details)		12 Months Ended
	Sep. 03, 2013 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Jun. 30, 2015
Note 8 - Short-term Borrowings and Long-term Debt (Details) [Line Items]
Proceeds from Issuance of Other Long-term Debt	$ 669,000,000
Debt Issuance Cost	8,000,000
Qualified Cash		$ 15,000,000	$ 15,000,000
Excess Availability, Percentage of Lender Commitments, Threshold Triggering Cash Dominion Control		15.00%
Percentage of Stock of Material Domestic Subsidiaries Securing Credit Agreement		100.00%
Percentage of Stock of Material First Tier Foreign Subsidiaries Securing Credit Agreement		65.00%
Term Collateral, Carrying Value		$ 1,873,000,000
ABL Collateral, Carrying Value		1,964,000,000
Term Credit Agreements, U.S. Liquidity, Threshold Below which No Prepayment is Required		100,000,000
Term Credit Agreements, Prepayment Required in Next Fiscal Year		$ 0	$ 0
Term Credit Agreements, First Lien Term Credit Agreement, Maximum Secured Leverage Ratio		2.75	3.75	3.25
Term Credit Agreements, EBITDA in Excess of the EBITDA Necessary to Satisfy the Secured Leverage Ratio		$ 33,000,000
ABL Credit Facility [Member]
Note 8 - Short-term Borrowings and Long-term Debt (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	200,000,000
Long-term Line of Credit		118,000,000
Line of Credit Facility, Current Borrowing Capacity		$ 16,000,000	$ 29,000,000
Fixed Charged Coverage Ratio Required		1.00
Excess Availability Below Which the Fixed Charge Coverage Ratio is Triggered		15.00%
Line of Credit Facility, Remaining Borrowing Capacity		$ 30,000,000	31,000,000
Excess Availability, Calculation, Percentage of Eligible Receivables Less a Dilution Reserve		85.00%
Excess Availability, Calculation, Percentage of Net Orderly Liquidation Value		85.00%
Excess Availability, Calculation, Percentage of Eligible Inventory		75.00%
Excess Availability, Calculation, Qualified Cash, Maximum		$ 15,000,000
Lender Commitments, Threshold Trigger, Excess Availability Amount		30,000,000	30,000,000
Debt Instrument Covenant, Fixed Charge Coverage Ratio, Exceeded Amount		17,000,000
ABL Credit Facility [Member] | Letter of Credit [Member]
Note 8 - Short-term Borrowings and Long-term Debt (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	150,000,000
Restricted Cash [Member]
Note 8 - Short-term Borrowings and Long-term Debt (Details) [Line Items]
Eligible Cash		$ 30,000,000	$ 20,000,000
Term Credit Agreement [Member]
Note 8 - Short-term Borrowings and Long-term Debt (Details) [Line Items]
Debt Instrument, Face Amount	695,000,000
Proceeds from Issuance of Other Long-term Debt	664,000,000
Debt Instrument, Unamortized Discount	15,000,000
Debt Issuance Cost	16,000,000
First Lien Term Loan [Member]
Note 8 - Short-term Borrowings and Long-term Debt (Details) [Line Items]
Debt Instrument, Face Amount	420,000,000
Second Lien Note Holders [Member]
Note 8 - Short-term Borrowings and Long-term Debt (Details) [Line Items]
Debt Instrument, Face Amount	$ 275,000,000
First Lien Term Loan [Member]
Note 8 - Short-term Borrowings and Long-term Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate		6.25%
LIBOR Floor Percentage		1.00%
Alternate Base Rate		5.25%
First Lien Term Loan [Member] | Term Credit Agreement [Member] | Between First and Second Anniversary [Member]
Note 8 - Short-term Borrowings and Long-term Debt (Details) [Line Items]
Repayment Rate		1.00%
Second Lien Note Holders [Member]
Note 8 - Short-term Borrowings and Long-term Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate		9.50%
LIBOR Floor Percentage		1.25%
Alternate Base Rate		8.50%
Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member] | ABL Credit Facility [Member]
Note 8 - Short-term Borrowings and Long-term Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate		2.75%
Minimum [Member] | Base Rate [Member] | ABL Credit Facility [Member]
Note 8 - Short-term Borrowings and Long-term Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.75%
Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member] | ABL Credit Facility [Member]
Note 8 - Short-term Borrowings and Long-term Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate		3.25%
Maximum [Member] | Base Rate [Member] | ABL Credit Facility [Member]
Note 8 - Short-term Borrowings and Long-term Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate		2.25%

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Note 8 - Short-term Borrowings and Long-term Debt (Details) - Long-term Debt and Related Maturities and Interest Rates - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Carrying Value	$ 680	$ 677
Current Portion, Long-term Debt [Member]
Debt Instrument [Line Items]
Carrying Value	5	5
Long-term Debt [Member]
Debt Instrument [Line Items]
Carrying Value	$ 675	672
Term Note [Member] | Current Portion, Long-term Debt [Member]
Debt Instrument [Line Items]
Weighted-Average Effective Interest Rate	7.56%
Carrying Value	$ 4	4
Line of Credit [Member] | Current Portion, Long-term Debt [Member]
Debt Instrument [Line Items]
Weighted-Average Effective Interest Rate	2.42%
Carrying Value		1
Other Long-term Debt [Member] | Current Portion, Long-term Debt [Member]
Debt Instrument [Line Items]
Carrying Value	$ 1
Other Long-term Debt [Member] | Long-term Debt [Member]
Debt Instrument [Line Items]
Carrying Value	$ 5
Term Note 7.56% [Member] | Long-term Debt [Member]
Debt Instrument [Line Items]
Weighted-Average Effective Interest Rate	7.56%
Carrying Value	$ 400	403
Term Note 11.04% [Member] | Long-term Debt [Member]
Debt Instrument [Line Items]
Weighted-Average Effective Interest Rate	11.04%
Carrying Value	$ 270	$ 269
Minimum [Member] | Other Long-term Debt [Member] | Current Portion, Long-term Debt [Member]
Debt Instrument [Line Items]
Weighted-Average Effective Interest Rate	3.12%
Minimum [Member] | Other Long-term Debt [Member] | Long-term Debt [Member]
Debt Instrument [Line Items]
Weighted-Average Effective Interest Rate	3.12%
Maximum [Member] | Other Long-term Debt [Member] | Current Portion, Long-term Debt [Member]
Debt Instrument [Line Items]
Weighted-Average Effective Interest Rate	6.07%
Maximum [Member] | Other Long-term Debt [Member] | Long-term Debt [Member]
Debt Instrument [Line Items]
Weighted-Average Effective Interest Rate	6.07%

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Note 8 - Short-term Borrowings and Long-term Debt (Details) - Annual Maturities of Long-term Debt $ in Millions	Dec. 31, 2015 USD ($)
Annual Maturities of Long-term Debt [Abstract]
2016	$ 5
2016	5
2017	4
2017	4
2018	5
2018	5
2019	392
2019	397
2020	271
2020	276
2021 and thereafter	3
2021 and thereafter	3
Total	680
Total	$ 690

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Note 9 - Commitments and Contingencies (Details) - USD ($) $ in Millions		3 Months Ended	4 Months Ended	8 Months Ended	12 Months Ended
	Jan. 14, 2015	Mar. 31, 2015	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Note 9 - Commitments and Contingencies (Details) [Line Items]
Gain on Environmental Liabilities		$ 5
Other Increase (Decrease) in Environmental Liabilities		$ (5)
Environmental Insurance Policy Term	10 years
Disposal Group, Including Discontinued Operation, Assets, Current					$ 2	$ 14
Operating Leases, Rent Expense, Net			$ 15	$ 36	30	38
Restricted Cash and Cash Equivalents, Noncurrent					43	$ 37
Middleway, West Virginia [Member]
Note 9 - Commitments and Contingencies (Details) [Line Items]
Gain on Environmental Liabilities	$ 5
Disposal Group, Including Discontinued Operation, Assets, Current	2
Disposal Group, Including Discontinued Operation, Liabilities, Current	$ 9
Bank Guarantees and Letters of Credit [Member]
Note 9 - Commitments and Contingencies (Details) [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted					4
Surety Bond [Member]
Note 9 - Commitments and Contingencies (Details) [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted					17
Restricted Cash Deposits [Member]
Note 9 - Commitments and Contingencies (Details) [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted					58
Asset Based Revolving Credit Facility [Member]
Note 9 - Commitments and Contingencies (Details) [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted					118
BRAZIL | Federal and State Value-added Taxes Litigations [Member]
Note 9 - Commitments and Contingencies (Details) [Line Items]
Loss Contingency, Estimate of Possible Loss					49
Cash [Member] | BRAZIL | Threat of Expropriation of Assets [Member]
Note 9 - Commitments and Contingencies (Details) [Line Items]
Restricted Cash and Cash Equivalents, Noncurrent					6
Collateralized Debt Obligations [Member] | BRAZIL | Threat of Expropriation of Assets [Member]
Note 9 - Commitments and Contingencies (Details) [Line Items]
Assets, Noncurrent					$ 62

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Note 9 - Commitments and Contingencies (Details) - Site Contingency - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Site Contingency [Line Items]
Site Contingency	$ 13	$ 28
Other Operating Sites [Member]
Site Contingency [Line Items]
Site Contingency	7	7
Sites Associated with Former Operations [Member]
Site Contingency [Line Items]
Site Contingency		10
Sites Associated With Non-imaging Health Business [Member]
Site Contingency [Line Items]
Site Contingency	$ 6	$ 11

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Note 9 - Commitments and Contingencies (Details) - Cash Expenditures For Pollution Prevention and Waste Treatment - USD ($) $ in Millions	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Successor [Member]
Note 9 - Commitments and Contingencies (Details) - Cash Expenditures For Pollution Prevention and Waste Treatment [Line Items]
Cash expenditures for pollution prevention and waste treatment	$ 7		$ 15	$ 15
Successor [Member] | Recurring Cost Pollution Prevention and Waste Treatment [Member]
Note 9 - Commitments and Contingencies (Details) - Cash Expenditures For Pollution Prevention and Waste Treatment [Line Items]
Cash expenditures for pollution prevention and waste treatment	5		13	13
Successor [Member] | CapitalExpenditures for Pollution Prevention and Waste Treatment [Member]
Note 9 - Commitments and Contingencies (Details) - Cash Expenditures For Pollution Prevention and Waste Treatment [Line Items]
Cash expenditures for pollution prevention and waste treatment	$ 2		$ 2	$ 2
Predecessor [Member]
Note 9 - Commitments and Contingencies (Details) - Cash Expenditures For Pollution Prevention and Waste Treatment [Line Items]
Cash expenditures for pollution prevention and waste treatment		$ 16
Predecessor [Member] | Recurring Cost Pollution Prevention and Waste Treatment [Member]
Note 9 - Commitments and Contingencies (Details) - Cash Expenditures For Pollution Prevention and Waste Treatment [Line Items]
Cash expenditures for pollution prevention and waste treatment		$ 16

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Note 9 - Commitments and Contingencies (Details) - Asset Retirement Obligation Activity - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Asset Retirement Obligation Activity [Abstract]
Asset Retirement Obligations at start of period	$ 53	$ 52
Liabilities incurred in the current period	1	3
Liabilities settled in the current period	(3)	(1)
Accretion expense	2	2
Revision in estimated cash flows	(6)	(2)
Foreign exchange impact		(1)
Asset Retirement Obligations at end of period	$ 47	$ 53

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Note 10 - Guarantees (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	May. 20, 2014
Note 10 - Guarantees (Details) [Line Items]
Environmental Settlement, Historical Liabilities Trigger Amount	$ 99
Percentage of Liability Above $99 Million	50.00%		50.00%
Orginal Warranty Period	1 year
Product Warranty Expense	$ 135	$ 158
Amended EBP Settlement Agreement [Member]
Note 10 - Guarantees (Details) [Line Items]
Accrual for Environmental Loss Contingencies	0
Financial Guarantee [Member] | Guarantor Subsidiaries [Member]
Note 10 - Guarantees (Details) [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	17
Guarantor Obligations, Current Carrying Value	$ 6
General Period [Member]
Note 10 - Guarantees (Details) [Line Items]
Extended Warranty Period	1 year
Minimum [Member]
Note 10 - Guarantees (Details) [Line Items]
Extended Warranty Period	3 months
Maximum [Member]
Note 10 - Guarantees (Details) [Line Items]
Extended Warranty Period	5 years

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Note 10 - Guarantees (Details) - Change in Accrued Warranty Obligations - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Change in Accrued Warranty Obligations [Abstract]
Accrued warranty obligations	$ 5	$ 13
Actual warranty experience	(8)	(16)
Warranty provisions	7	8
Accrued warranty obligations	$ 4	$ 5

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Note 10 - Guarantees (Details) - Deferred Revenue - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Deferred Revenue [Abstract]
Deferred revenue on extended warranties	$ 27	$ 30
New extended warranty and maintenance arrangements	185	194
Recognition of extended warranty and maintenance arrangement revenue	(185)	(197)
Deferred revenue on extended warranties	$ 27	$ 27

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Note 11 - Financial Instruments (Details) - USD ($) $ in Millions	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Sep. 03, 2013
Note 11 - Financial Instruments (Details) [Line Items]
Long-term Debt, Fair Value					$ 676
Not Designated as Hedging Instrument [Member]
Note 11 - Financial Instruments (Details) [Line Items]
Derivatives, Hedging Instruments	$ 0	$ 0	$ 0	$ 0
Forward Contracts [Member]
Note 11 - Financial Instruments (Details) [Line Items]
Derivative Asset, Notional Amount			384	334
Fair Value, Inputs, Level 2 [Member]
Note 11 - Financial Instruments (Details) [Line Items]
Long-term Debt, Fair Value			$ 588	$ 681

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Note 11 - Financial Instruments (Details) - Derivatives Not Designated as Hedging Instruments - Other Nonoperating Income (Expense) [Member] - USD ($) $ in Millions	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Successor [Member]
Note 11 - Financial Instruments (Details) - Derivatives Not Designated as Hedging Instruments [Line Items]
Net gain (loss) from derivatives not designated as hedging instruments	$ (14)		$ 14	$ 10
Predecessor [Member]
Note 11 - Financial Instruments (Details) - Derivatives Not Designated as Hedging Instruments [Line Items]
Net gain (loss) from derivatives not designated as hedging instruments		$ 2

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Note 12 - Other Operating Expense (Income), Net (Details) - USD ($) $ in Millions		3 Months Ended					4 Months Ended	12 Months Ended
		Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Mar. 31, 2013	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Note 12 - Other Operating Expense (Income), Net (Details) [Line Items]
Goodwill, Impairment Loss								$ 8
Intellectual Property Solutions [Member]
Note 12 - Other Operating Expense (Income), Net (Details) [Line Items]
Goodwill, Impairment Loss		$ 2						2
Micro 3D Printing and Packaging [Member]
Note 12 - Other Operating Expense (Income), Net (Details) [Line Items]
Goodwill, Impairment Loss								6
Intellectual Property Solutions and Consumer Products [Member]
Note 12 - Other Operating Expense (Income), Net (Details) [Line Items]
Goodwill, Impairment Loss						$ 77
Trade Names [Member]
Note 12 - Other Operating Expense (Income), Net (Details) [Line Items]
Goodwill, Impairment Loss		$ 0
Successor [Member]
Note 12 - Other Operating Expense (Income), Net (Details) [Line Items]
Goodwill, Impairment Loss	[1],[2],[3],[4],[5]						$ 8	$ 8	$ 9
Other Operating Income (Expense) [Member] | Micro 3D Printing and Packaging [Member]
Note 12 - Other Operating Expense (Income), Net (Details) [Line Items]
Goodwill, Impairment Loss			$ 6
Other Operating Income (Expense) [Member] | Trade Names [Member]
Note 12 - Other Operating Expense (Income), Net (Details) [Line Items]
Goodwill, Impairment Loss					$ 8
Other Operating Income (Expense) [Member] | Successor [Member] | Trade Names [Member]
Note 12 - Other Operating Expense (Income), Net (Details) [Line Items]
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)					$ 8
In Process Research and Development [Member]
Note 12 - Other Operating Expense (Income), Net (Details) [Line Items]
Impairment of Intangible Assets, Finite-lived				$ 9

[1] In the first quarter of 2013, Kodak recorded a goodwill impairment charge of $77 million related to the Intellectual Property and Consumer Products reporting unit.

[2] In the first quarter of 2015, Kodak recorded a goodwill impairment charge of $6 million related to the Micro 3D Printing reporting unit. Refer to Note 5, "Goodwill and Other Intangible Assets."

[3] In the fourth quarter of 2013, Kodak recorded an impairment charge of $8 million related to the Kodak trade name. Refer to Note 5, "Goodwill and Other Intangible Assets."

[4] In the fourth quarter of 2014, Kodak recorded an impairment charge of $9 million related to an in-process research and development intangible asset established as part of fresh start accounting.

[5] In the fourth quarter of 2015, Kodak recorded a goodwill impairment charge of $2 million related to the Intellectual Property Solutions reporting unit. Refer to Note 5, "Goodwill and Other Intangible Assets."

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Note 12 - Other Operating Expense (Income), Net (Details) - Other Operating Expense (Income), Net - USD ($) $ in Millions		4 Months Ended	8 Months Ended	12 Months Ended
		Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Expense (income) :
Goodwill and intangible asset impairments (2) (3) (4) (5) (6)				$ 8
Successor [Member]
Expense (income) :
Gain on sale of digital imaging patent portfolio (1)	[1]
Goodwill and intangible asset impairments (2) (3) (4) (5) (6)	[2],[3],[4],[5],[6]	$ 8		$ 8	$ 9
Gains related to the sales of assets and businesses		$ (6)		(6)	$ (3)
Gain recognized on assets acquired for no monetary consideration (7)	[7]			(3)
Other				3	$ 3
Total		$ 2		$ 2	$ 9
Predecessor [Member]
Expense (income) :
Gain on sale of digital imaging patent portfolio (1)	[1]		$ (535)
Goodwill and intangible asset impairments (2) (3) (4) (5) (6)	[2],[3],[4],[5],[6]		77
Gains related to the sales of assets and businesses			$ (34)
Gain recognized on assets acquired for no monetary consideration (7)	[7]
Other			$ (3)
Total			$ (495)

[1] Refer to Note 24, "Emergence from Voluntary Reorganization under Chapter 11 Proceedings."

[2] In the first quarter of 2013, Kodak recorded a goodwill impairment charge of $77 million related to the Intellectual Property and Consumer Products reporting unit.

[3] In the first quarter of 2015, Kodak recorded a goodwill impairment charge of $6 million related to the Micro 3D Printing reporting unit. Refer to Note 5, "Goodwill and Other Intangible Assets."

[4] In the fourth quarter of 2013, Kodak recorded an impairment charge of $8 million related to the Kodak trade name. Refer to Note 5, "Goodwill and Other Intangible Assets."

[5] In the fourth quarter of 2014, Kodak recorded an impairment charge of $9 million related to an in-process research and development intangible asset established as part of fresh start accounting.

[6] In the fourth quarter of 2015, Kodak recorded a goodwill impairment charge of $2 million related to the Intellectual Property Solutions reporting unit. Refer to Note 5, "Goodwill and Other Intangible Assets."

[7] Refer to Note 23, "Segment Information", footnote 5 to the table entitled "Segment Operational EBITDA from Consolidated Loss from Continuing Operations Before Income Taxes."

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Note 13 - Other (Charges) Income, Net (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Other Income And Charges [Abstract]
Foreign Currency Transaction Gain (Loss), before Tax	$ (2)	$ (16)	$ (2)	$ (16)

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Note 13 - Other (Charges) Income, Net (Details) - Other Income (Charges), Net - USD ($) $ in Millions		4 Months Ended	8 Months Ended	12 Months Ended
		Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Income (charges):
Loss on foreign exchange transactions (1)		$ 1		$ (3)	$ (3)
Successor [Member]
Income (charges):
Interest income		3		1	6
Loss on foreign exchange transactions (1)	[1]	(5)		(17)	(22)
Other		12		(5)	(5)
Total		$ 10		$ (21)	$ (21)
Predecessor [Member]
Income (charges):
Interest income			$ 3
Loss on foreign exchange transactions (1)	[1]		(7)
Other			(9)
Total			$ (13)

[1] In 2015 and 2014 Kodak recorded a charges of $2 million and $16 million, respectively, from the remeasurement of its Venezuelan subsidiary's monetary assets and liabilities. Refer to Note 1, "Basis of Presentations and Significant Accounting Matters", "Foreign Currency" section.

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Note 14 - Income Taxes (Details) - USD ($) $ in Millions		1 Months Ended	8 Months Ended	12 Months Ended
	Sep. 03, 2013	Sep. 30, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Note 14 - Income Taxes (Details) [Line Items]
Cancellation Of Indebtedness Income Amount	$ 705
Operating Loss Carryforwards	2,495			$ 1,565
Pension and Other Postretirement Defined Benefit Plans, Liabilities, Noncurrent				623	$ 662
Increase (Decrease) in Deferred Income Taxes		$ 329
Deferred Tax Assets, Operating Loss Carryforwards, Not Subject to Expiration				481
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration				1,084
Deferred Tax Assets, Tax Credit Carryforwards, Foreign				314	258
Accumulated Deferred Investment Tax Credit				80
Deferred Tax Liabilities, Undistributed Foreign Earnings, Net of Provision for Witholding Tax				102	159
Provision For Withholding Tax On Undistributed Foreign Earnings				19	17
Deferred Tax Assets, Valuation Allowance				1,201	1,127
Deferred Tax Assets, Net of Valuation Allowance				27	42
Income Tax Examination, Penalties and Interest Accrued				21	18
Unrecognized Tax Benefits						$ 64
Set to Expire [Member]
Note 14 - Income Taxes (Details) [Line Items]
Operating Loss Carryforwards	711
Effective Income Tax Rate Reconciliation, Tax Credit, Foreign, Amount	567
Effective Income Tax Rate Reconciliation, Tax Credit, Research, Amount	$ 21
Operating Loss Carryforwards Tax Credits And Pension Benefits [Member]
Note 14 - Income Taxes (Details) [Line Items]
Deferred Tax Assets, Net of Valuation Allowance				27	42
Liabilities Held For Sale [Member]
Note 14 - Income Taxes (Details) [Line Items]
Pension and Other Postretirement Defined Benefit Plans, Liabilities, Noncurrent							$ 1,500
KPP Global Settlement [Member]
Note 14 - Income Taxes (Details) [Line Items]
Deferred Income Tax Expense (Benefit)			$ 100
Restructuring Due to Emergence of Bankruptcy [Member]
Note 14 - Income Taxes (Details) [Line Items]
Deferred Income Tax Expense (Benefit)			$ 46
Foreign Tax Authority [Member]
Note 14 - Income Taxes (Details) [Line Items]
Deferred Tax Assets, Valuation Allowance				266	315
Deferred Tax Assets, Net of Valuation Allowance				344	400
Liability for Uncertain Tax Positions, Current					8
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued					2
Other Tax Expense (Benefit)					(10)
Domestic Tax Authority [Member]
Note 14 - Income Taxes (Details) [Line Items]
Deferred Tax Assets, Valuation Allowance				935	812
Deferred Tax Assets, Net of Valuation Allowance				884	$ 769
State and Local Jurisdiction [Member]
Note 14 - Income Taxes (Details) [Line Items]
Payments For Tax Claims						2
Tax Claims						$ 17
Minimum [Member]
Note 14 - Income Taxes (Details) [Line Items]
Decrease in Unrecognized Tax Benefits is Reasonably Possible				0
Maximum [Member]
Note 14 - Income Taxes (Details) [Line Items]
Decrease in Unrecognized Tax Benefits is Reasonably Possible				$ 10

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Note 14 - Income Taxes (Details) - Components of Earnings (Losses) From Continuing Operations and Tax Provisions - USD ($) $ in Millions	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Successor [Member]
Note 14 - Income Taxes (Details) - Components of Earnings (Losses) From Continuing Operations and Tax Provisions [Line Items]
U.S.	$ (119)		$ (169)	$ (208)
Outside the U.S.	45		134	96
Total	(74)		(35)	(112)
U.S. income taxes:
Current provision (benefit)	3		1	(2)
Deferred provision (benefit)	3		9	4
Income taxes outside the U.S.:
Current provision (benefit)	8		22	(1)
Deferred provision (benefit)	(8)			7
State and other income taxes:
Current provision	2			1
Deferred provision				1
Total provision	$ 8		$ 32	$ 10
Predecessor [Member]
Note 14 - Income Taxes (Details) - Components of Earnings (Losses) From Continuing Operations and Tax Provisions [Line Items]
U.S.		$ 2,243
Outside the U.S.		113
Total		2,356
U.S. income taxes:
Deferred provision (benefit)		(3)
Income taxes outside the U.S.:
Current provision (benefit)		52
Deferred provision (benefit)		105
State and other income taxes:
Current provision		1
Total provision		$ 155

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Note 14 - Income Taxes (Details) - Income Tax Provision (Benefit) Reconciliation - USD ($) $ in Millions	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Successor [Member]
Note 14 - Income Taxes (Details) - Income Tax Provision (Benefit) Reconciliation [Line Items]
Amount computed using the statutory rate	$ (25)		$ (12)	$ (39)
Increase (reduction) in taxes resulting from:
State and other income taxes, net of federal	2			1
Unremitted foreign earnings	36		26	4
Impact of goodwill and intangible impairments	(3)
Operations outside the U.S.	73		28	111
Valuation allowance	(100)		(71)	(121)
Tax settlements and adjustments, including interest	1		2	(5)
Discharge of debt and other reorganization related items	24		60	57
Other, net			(1)	2
Provision for income taxes	$ 8		$ 32	$ 10
Predecessor [Member]
Note 14 - Income Taxes (Details) - Income Tax Provision (Benefit) Reconciliation [Line Items]
Amount computed using the statutory rate		$ 825
Increase (reduction) in taxes resulting from:
Unremitted foreign earnings		32
Impact of goodwill and intangible impairments		(22)
Operations outside the U.S.		(18)
Legislative rate changes		1
Valuation allowance		39
Tax settlements and adjustments, including interest		5
Discharge of debt and other reorganization related items		(722)
Other, net		15
Provision for income taxes		$ 155

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Note 14 - Income Taxes (Details) - Deferred Tax Assets and Liabilities Significant Components - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets
Pension and postretirement obligations	$ 187	$ 221
Restructuring programs	3	5
Foreign tax credit	314	258
Inventories	14	20
Investment tax credit	80	100
Employee deferred compensation	46	43
Depreciation	62	45
Research and development costs	188	232
Tax loss carryforwards	380	355
Other deferred revenue	13	13
Other	112	111
Total deferred tax assets	1,399	1,403
Deferred tax liabilities
Leasing	1	7
Goodwill/Intangibles	49	51
Unremitted foreign earnings	121	176
Total deferred tax liabilities	171	234
Net deferred tax assets before valuation allowance	1,228	1,169
Valuation allowance	1,201	1,127
Net deferred tax assets	$ 27	$ 42

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Note 14 - Income Taxes (Details) - Components of Deferred Tax Assets - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Components of Deferred Tax Assets [Abstract]
Deferred income taxes (current)	$ 22	$ 31
Deferred income taxes (non-current)	23	38
Other current liabilities		(1)
Other long-term liabilities	(18)	(26)
Net deferred tax assets	$ 27	$ 42

XML

Note 14 - Income Taxes (Details) - Reconciliation of Unrecognized Tax Benefits - USD ($) $ in Millions	5 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Note 14 - Income Taxes (Details) - Reconciliation of Unrecognized Tax Benefits [Line Items]
Balance as of January 1				$ 64
Tax Positions related to prior years:
Balance as of December 31	$ 64
Successor [Member]
Note 14 - Income Taxes (Details) - Reconciliation of Unrecognized Tax Benefits [Line Items]
Balance as of January 1	107		$ 92	106
Tax positions related to the current year:
Additions			1	2
Tax Positions related to prior years:
Additions	2			1
Reductions	(3)		(7)	(14)
Settlements with taxing jurisdictions				(1)
Lapses in Statute of limitations			(1)	(2)
Balance as of December 31	$ 106		$ 85	$ 92
Predecessor [Member]
Note 14 - Income Taxes (Details) - Reconciliation of Unrecognized Tax Benefits [Line Items]
Balance as of January 1		$ 57
Tax positions related to the current year:
Additions		68
Tax Positions related to prior years:
Additions		1
Reductions		(17)
Settlements with taxing jurisdictions		(2)
Balance as of December 31		$ 107

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Note 15 - Restructuring Costs and Other (Details) $ in Millions		1 Months Ended	4 Months Ended		8 Months Ended	12 Months Ended
		Aug. 31, 2013 USD ($)	Dec. 31, 2013 USD ($)		Aug. 31, 2013 USD ($)	Dec. 31, 2015 USD ($)		Dec. 31, 2014 USD ($)
Note 15 - Restructuring Costs and Other (Details) [Line Items]
Restructuring Reserve, Translation and Other Adjustment					$ (12)	$ (12)		$ (11)
Restructuring Charges		$ (3)	$ 17		52
Foreign Currency Transaction Gain (Loss), Realized			1			$ (3)		(3)
Restructuring and Related Cost, Accelerated Depreciation					4			$ 2
Inventory Write-down					$ 2
Restructuring and Related Cost, Number of Positions Eliminated					825	600		775
Leeds Plate Manufacturing Facility Exit [Member]
Note 15 - Restructuring Costs and Other (Details) [Line Items]
Severance Costs						$ 7
Restructuring and Related Cost, Accelerated Depreciation						8
Impairment of Long-Lived Assets Held-for-use						1
Successor [Member]
Note 15 - Restructuring Costs and Other (Details) [Line Items]
Restructuring Charges			17			38		$ 59
Foreign Currency Transaction Gain (Loss), Realized	[1]		(5)			(17)		(22)
Restructuring and Related Cost, Accelerated Depreciation			$ 0			8		2
Including Accelerated Depreciation [Member]
Note 15 - Restructuring Costs and Other (Details) [Line Items]
Restructuring Charges								$ 61
Restructuring Costs						46
Separation Benefits [Member] | Leeds Plate Manufacturing Facility Exit [Member]
Note 15 - Restructuring Costs and Other (Details) [Line Items]
Restructuring and Related Cost, Expected Cost						$ 10
Earnings (Loss) from Discontinued Operations [Member]
Note 15 - Restructuring Costs and Other (Details) [Line Items]
Restructuring Charges					$ 3
North America [Member]
Note 15 - Restructuring Costs and Other (Details) [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated					375	275		425
World, Excluding North America [Member]
Note 15 - Restructuring Costs and Other (Details) [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated					450	325		350
Liabilities Subject To Compromise [Member]
Note 15 - Restructuring Costs and Other (Details) [Line Items]
Restructuring Reserve, Accrual Adjustment					$ (5)
Pension Plan Curtailments Settlements And Special Termination Benefits [Member]
Note 15 - Restructuring Costs and Other (Details) [Line Items]
Severance Costs					4	$ 9		$ 8
Other Restructuring [Member]
Note 15 - Restructuring Costs and Other (Details) [Line Items]
Restructuring Charges					$ 43
Other Restructuring [Member] | Leeds Plate Manufacturing Facility Exit [Member]
Note 15 - Restructuring Costs and Other (Details) [Line Items]
Restructuring Costs						1
Other Restructuring [Member] | Successor [Member]
Note 15 - Restructuring Costs and Other (Details) [Line Items]
Restructuring Charges								$ 59
Other Restructuring [Member] | Cumulative Basis [Member]
Note 15 - Restructuring Costs and Other (Details) [Line Items]
Restructuring Costs						$ 1
Manufacturing/Service Positions [Member]
Note 15 - Restructuring Costs and Other (Details) [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated					500	250		325
Administrative Positions [Member]
Note 15 - Restructuring Costs and Other (Details) [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated					300	250		350
Research and Development Positions [Member]
Note 15 - Restructuring Costs and Other (Details) [Line Items]
Restructuring and Related Cost, Number of Positions Eliminated					25	100		100
Accelerated Depreciation [Member]
Note 15 - Restructuring Costs and Other (Details) [Line Items]
Restructuring Costs						$ 8
Accelerated Depreciation [Member] | Successor [Member]
Note 15 - Restructuring Costs and Other (Details) [Line Items]
Restructuring Reserve, Translation and Other Adjustment				[2]			[3]		[4]
Restructuring Charges						$ 8		$ 2
Accelerated Depreciation [Member] | Cumulative Basis [Member]
Note 15 - Restructuring Costs and Other (Details) [Line Items]
Restructuring Costs						10
Employee Severance [Member] | Successor [Member]
Note 15 - Restructuring Costs and Other (Details) [Line Items]
Restructuring Reserve, Translation and Other Adjustment	[5]			[2]		(12)	[3]	(11)	[4]
Restructuring Charges	[5]		$ 13			33		$ 54
Employee Severance [Member] | Cumulative Basis [Member]
Note 15 - Restructuring Costs and Other (Details) [Line Items]
Restructuring Costs						10
Long-Lived Asset Impairment Charges [Member] | Cumulative Basis [Member]
Note 15 - Restructuring Costs and Other (Details) [Line Items]
Restructuring Costs						3
Minimum [Member] | Leeds Plate Manufacturing Facility Exit [Member]
Note 15 - Restructuring Costs and Other (Details) [Line Items]
Restructuring and Related Cost, Expected Cost						25
Minimum [Member] | Non-cash Accelerated Depreciation and Assets Write-off [Member] | Leeds Plate Manufacturing Facility Exit [Member]
Note 15 - Restructuring Costs and Other (Details) [Line Items]
Restructuring and Related Cost, Expected Cost						13
Minimum [Member] | Other Cash Charges [Member] | Leeds Plate Manufacturing Facility Exit [Member]
Note 15 - Restructuring Costs and Other (Details) [Line Items]
Restructuring and Related Cost, Expected Cost						2
Maximum [Member] | Leeds Plate Manufacturing Facility Exit [Member]
Note 15 - Restructuring Costs and Other (Details) [Line Items]
Restructuring and Related Cost, Expected Cost						30
Maximum [Member] | Non-cash Accelerated Depreciation and Assets Write-off [Member] | Leeds Plate Manufacturing Facility Exit [Member]
Note 15 - Restructuring Costs and Other (Details) [Line Items]
Restructuring and Related Cost, Expected Cost						15
Maximum [Member] | Other Cash Charges [Member] | Leeds Plate Manufacturing Facility Exit [Member]
Note 15 - Restructuring Costs and Other (Details) [Line Items]
Restructuring and Related Cost, Expected Cost						$ 5

[1] In 2015 and 2014 Kodak recorded a charges of $2 million and $16 million, respectively, from the remeasurement of its Venezuelan subsidiary's monetary assets and liabilities. Refer to Note 1, "Basis of Presentations and Significant Accounting Matters", "Foreign Currency" section.

[2] The $1 million represents foreign currency translation adjustments.

[3] The $(12) million includes $(9) million of severance related charges for pension plan special termination benefits, which were reclassified to Pension and other postretirement liabilities and $(3) million of foreign currency translation adjustments.

[4] The $(11) million includes $(8) million of severance related charges for pension plan special termination benefits, which were reclassified to Pension and other postretirement liabilities and $(3) million of foreign currency translation adjustments.

[5] The severance and exit costs reserves require the outlay of cash, while long-lived asset impairments, accelerated depreciation and inventory write-downs represent non-cash items.

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Note 15 - Restructuring Costs and Other (Details) - Restructuring Liabilities - USD ($) $ in Millions		1 Months Ended	4 Months Ended		8 Months Ended	12 Months Ended
		Aug. 31, 2013	Dec. 31, 2013		Aug. 31, 2013	Dec. 31, 2015		Dec. 31, 2014
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		$ (3)	$ 17		$ 52
Other adjustments and reclasses					(12)	$ (12)		$ (11)
Predecessor [Member]
Restructuring Cost and Reserve [Line Items]
Balance					83
Restructuring Charges					43
Utilization/cash payments					(210)
Predecessor [Member] | Continuing Operations [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges					49
Predecessor [Member] | Discontinued Operations [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges					3
Successor [Member]
Restructuring Cost and Reserve [Line Items]
Balance			35			27		34
Restructuring Charges			17			38		59
Utilization/cash payments			(85)			(9)		(21)
Balance		35	34		35	11		27
Successor [Member] | Continuing Operations [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			17			38		59
Employee Severance [Member] | Predecessor [Member]
Restructuring Cost and Reserve [Line Items]
Balance	[1]				38
Utilization/cash payments	[1]				(48)
Other adjustments and reclasses	[1],[2]				(3)
Employee Severance [Member] | Predecessor [Member] | Continuing Operations [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	[1]				38
Employee Severance [Member] | Predecessor [Member] | Discontinued Operations [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	[1]				3
Employee Severance [Member] | Successor [Member]
Restructuring Cost and Reserve [Line Items]
Balance	[1]		28			22		26
Restructuring Charges	[1]		13			33		54
Utilization/cash payments	[1]		$ (15)			(36)		(47)
Other adjustments and reclasses	[1]			[3]		(12)	[4]	(11)	[5]
Balance	[1]	28	$ 26		28	7		22
Facility Closing [Member] | Predecessor [Member]
Restructuring Cost and Reserve [Line Items]
Balance					45
Utilization/cash payments					(32)
Other adjustments and reclasses	[2]				(9)
Facility Closing [Member] | Predecessor [Member] | Continuing Operations [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges					3
Facility Closing [Member] | Successor [Member]
Restructuring Cost and Reserve [Line Items]
Balance			7			5		8
Restructuring Charges			3			4		2
Utilization/cash payments			(3)			$ (5)		$ (5)
Other adjustments and reclasses			1	[3]			[4]		[5]
Balance		$ 7	8		7	$ 4		$ 5
Long-lived Asset Impairments and Inventory Write-downs [Member] | Predecessor [Member]
Restructuring Cost and Reserve [Line Items]
Utilization/cash payments					$ (4)
Other adjustments and reclasses	[2]
Long-lived Asset Impairments and Inventory Write-downs [Member] | Predecessor [Member] | Continuing Operations [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges					$ 4
Long-lived Asset Impairments and Inventory Write-downs [Member] | Successor [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			1			1		3
Utilization/cash payments			$ (1)			$ (1)		$ (3)
Other adjustments and reclasses				[3]			[4]		[5]
Accelerated Depreciation [Member] | Predecessor [Member]
Restructuring Cost and Reserve [Line Items]
Utilization/cash payments					$ (4)
Other adjustments and reclasses	[2]
Accelerated Depreciation [Member] | Predecessor [Member] | Continuing Operations [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges					$ 4
Accelerated Depreciation [Member] | Successor [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges						$ 8		$ 2
Utilization/cash payments						$ (8)		$ (2)
Other adjustments and reclasses				[3]			[4]		[5]
Utilization/Cash Payments [Member] | Predecessor [Member]
Restructuring Cost and Reserve [Line Items]
Utilization/cash payments					(88)
Utilization/Cash Payments [Member] | Successor [Member]
Restructuring Cost and Reserve [Line Items]
Utilization/cash payments			$ (19)			$ (50)		$ (57)
Other Adjustments/Reclasses [Member] | Predecessor [Member]
Restructuring Cost and Reserve [Line Items]
Other adjustments and reclasses	[2]				$ (12)
Other Adjustments/Reclasses [Member] | Successor [Member]
Restructuring Cost and Reserve [Line Items]
Other adjustments and reclasses			$ 1	[3]		$ (12)	[4]	$ (11)	[5]

[1] The severance and exit costs reserves require the outlay of cash, while long-lived asset impairments, accelerated depreciation and inventory write-downs represent non-cash items.

[2] The $(12) million includes $(5) million for amounts reclassified as Liabilities subject to compromise, $(4) million of severance-relatedcharges for pension plan curtailments, which were reclassified to Pension and other postretirement liabilities and $(3) million of reserve adjustments due to the application of fresh start accounting, which were recorded in Reorganization items.

[3] The $1 million represents foreign currency translation adjustments.

[4] The $(12) million includes $(9) million of severance related charges for pension plan special termination benefits, which were reclassified to Pension and other postretirement liabilities and $(3) million of foreign currency translation adjustments.

[5] The $(11) million includes $(8) million of severance related charges for pension plan special termination benefits, which were reclassified to Pension and other postretirement liabilities and $(3) million of foreign currency translation adjustments.

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Note 16 - Retirement Plans (Details) - USD ($) $ in Millions	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Note 16 - Retirement Plans (Details) [Line Items]
Defined Benefit Plan, Special Termination Benefits (in Dollars)				$ 9	$ 8
Cash Balance Plan [Member]
Note 16 - Retirement Plans (Details) [Line Items]
Defined Benefit Plan Contributions By Employer Maximum Percentage Of Employee Salary				7.00%
United States Pension Plan of US Entity [Member]
Note 16 - Retirement Plans (Details) [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets				7.40%
Scenario, Forecast [Member]
Note 16 - Retirement Plans (Details) [Line Items]
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) (in Dollars)			$ 7
Defined Benefit Plan, Amortization of Gains (Losses) (in Dollars)			1
Scenario, Forecast [Member] | Non-U.S. [Member]
Note 16 - Retirement Plans (Details) [Line Items]
Defined Benefit Plans, Estimated Future Employer Contributions in Next Fiscal Year (in Dollars)			$ 4
Non-U.S. [Member]
Note 16 - Retirement Plans (Details) [Line Items]
Defined Benefit Plan Transfers (in Dollars)					31
Defined Benefit Plan, Assets Transferred to (from) Plan (in Dollars)					9
Non-U.S. [Member] | Successor [Member]
Note 16 - Retirement Plans (Details) [Line Items]
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) (in Dollars)	$ 0			$ 0	$ 0
Non-U.S. [Member] | Equity Securities [Member]
Note 16 - Retirement Plans (Details) [Line Items]
Defined Benefit Plan, Actual Plan Asset Allocations				0.00%	1.00%
Non-U.S. [Member] | Government Bonds [Member]
Note 16 - Retirement Plans (Details) [Line Items]
Defined Benefit Plan, Actual Plan Asset Allocations				12.00%	9.00%
Defined Benefit Plan, Target Plan Asset Allocations, Duration				13 years	25 years
UNITED STATES
Note 16 - Retirement Plans (Details) [Line Items]
Defined Benefit Plan, Settlements, Benefit Obligation (in Dollars)					$ 292
Defined Benefit Plan, Special Termination Benefits (in Dollars)				$ 9	8
UNITED STATES | Successor [Member]
Note 16 - Retirement Plans (Details) [Line Items]
Defined Benefit Plan, Settlements, Benefit Obligation (in Dollars)					292
Defined Benefit Plan, Amortization of Prior Service Cost (Credit) (in Dollars)				(8)	(3)
Defined Benefit Plan, Special Termination Benefits (in Dollars)				$ (9)	(8)
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements (in Dollars)	$ 11				$ (10)
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets	8.20%			7.40%	7.63%
UNITED STATES | Equity Securities [Member]
Note 16 - Retirement Plans (Details) [Line Items]
Defined Benefit Plan, Actual Plan Asset Allocations				10.00%	9.00%
UNITED STATES | Government Bonds [Member]
Note 16 - Retirement Plans (Details) [Line Items]
Defined Benefit Plan, Actual Plan Asset Allocations				24.00%	25.00%
Defined Benefit Plan, Target Plan Asset Allocations, Duration				18 years	18 years
Discontinued Operations [Member]
Note 16 - Retirement Plans (Details) [Line Items]
Pension Expense (in Dollars)		$ 38
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements (in Dollars)		$ (114)
Minimum [Member] | Foreign Pension Plan [Member]
Note 16 - Retirement Plans (Details) [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets				3.00%
Maximum [Member] | Foreign Pension Plan [Member]
Note 16 - Retirement Plans (Details) [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Return on Assets				6.50%

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Note 16 - Retirement Plans (Details) - Major Funded and Unfunded Defined Benefit Plans - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Change in Plan Assets
Special termination benefits	$ 9	$ 8
UNITED STATES
Change in Benefit Obligation
Benefit obligation	4,438	4,361
Change in Plan Assets
Fair value of plan assets at beginning of period	4,160	4,184
Fair value of plan assets at end of period	3,793	4,160
Under Funded Status at end of period	(306)	(278)
Accumulated benefit obligation at end of period	4,098	4,436
Service cost	17	18
Interest cost	148	176
Plan amendments		(61)
Benefit payments	(478)	(339)
Actuarial (gain) loss	(35)	567
Gain on plan assets	111	607
Settlements		(292)
Special termination benefits	9	8
Benefit obligation	4,099	4,438
Non-US [Member]
Change in Benefit Obligation
Benefit obligation	918	960
Change in Plan Assets
Fair value of plan assets at beginning of period	795	833
Fair value of plan assets at end of period	728	795
Under Funded Status at end of period	(72)	(123)
Accumulated benefit obligation at end of period	792	907
Transfers		(31)
Service cost	3	4
Interest cost	17	30
Benefit payments	(51)	(61)
Currency adjustments	(51)	(86)
Actuarial (gain) loss	(24)	119
Transfers		(9)
Gain on plan assets	31	111
Employer contributions	4	7
Currency adjustments	(63)	(103)
Benefit obligation	$ 800	$ 918

XML

Note 16 - Retirement Plans (Details) - Amounts Recognized in Consolidated Statement of Financial Position - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Note 16 - Retirement Plans (Details) - Amounts Recognized in Consolidated Statement of Financial Position [Line Items]
Pension and other postretirement liabilities	$ (623)	$ (662)
UNITED STATES
Note 16 - Retirement Plans (Details) - Amounts Recognized in Consolidated Statement of Financial Position [Line Items]
Pension and other postretirement liabilities	(306)	(278)
Net amount recognized	(306)	(278)
Non-US [Member]
Note 16 - Retirement Plans (Details) - Amounts Recognized in Consolidated Statement of Financial Position [Line Items]
Other long-term assets	39	29
Pension and other postretirement liabilities	(111)	(152)
Net amount recognized	$ (72)	$ (123)

XML

Note 16 - Retirement Plans (Details) - Major Funded and Unfunded Defined Benefit Plans With Accumulated Benefit Obligation in Excess of Plan Assets - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
UNITED STATES
Note 16 - Retirement Plans (Details) - Major Funded and Unfunded Defined Benefit Plans With Accumulated Benefit Obligation in Excess of Plan Assets [Line Items]
Projected benefit obligation	$ 4,099	$ 4,438
Accumulated benefit obligation	4,098	4,436
Fair value of plan assets	3,793	4,160
Non-US [Member]
Note 16 - Retirement Plans (Details) - Major Funded and Unfunded Defined Benefit Plans With Accumulated Benefit Obligation in Excess of Plan Assets [Line Items]
Projected benefit obligation	524	623
Accumulated benefit obligation	516	613
Fair value of plan assets	$ 412	$ 471

XML

Note 16 - Retirement Plans (Details) - Amounts Recognized in Accumulated Other Comprehensive Loss For All Major Funded and Unfunded Defined Benefit Plans - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
UNITED STATES
Note 16 - Retirement Plans (Details) - Amounts Recognized in Accumulated Other Comprehensive Loss For All Major Funded and Unfunded Defined Benefit Plans [Line Items]
Prior service credit	$ 50	$ 58
Net actuarial loss	(285)	(159)
Total	(235)	(101)
Non-US [Member]
Note 16 - Retirement Plans (Details) - Amounts Recognized in Accumulated Other Comprehensive Loss For All Major Funded and Unfunded Defined Benefit Plans [Line Items]
Prior service credit	4	4
Net actuarial loss	(6)	(32)
Total	$ (2)	$ (28)

XML

Note 16 - Retirement Plans (Details) - Changes in Plan Assets and Benefit Recognized in Other Comprehensive Income (Loss) - USD ($) $ in Millions		4 Months Ended	8 Months Ended	12 Months Ended
		Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Successor [Member]
Note 16 - Retirement Plans (Details) - Changes in Plan Assets and Benefit Recognized in Other Comprehensive Income (Loss) [Line Items]
Newly established (loss) gain		$ 95		$ (88)	$ (278)
Newly established prior service credit		$ 6		4	61
Amortization of:
Prior service (credit) cost	[1]			(8)	(3)
Successor [Member] | UNITED STATES
Note 16 - Retirement Plans (Details) - Changes in Plan Assets and Benefit Recognized in Other Comprehensive Income (Loss) [Line Items]
Newly established (loss) gain		$ 97		(126)	(255)
Newly established prior service credit					61
Amortization of:
Prior service (credit) cost				(8)	(3)
Net loss (gain) recognized in expense due to settlements		(11)			10
Total Income (loss) recognized in Other comprehensive income before fresh start accounting		86		(134)	(187)
Successor [Member] | Non-US [Member]
Note 16 - Retirement Plans (Details) - Changes in Plan Assets and Benefit Recognized in Other Comprehensive Income (Loss) [Line Items]
Newly established (loss) gain		8		25	(46)
Newly established prior service credit		6
Amortization of:
Net actuarial loss				2
Transfers					1
Total Income (loss) recognized in Other comprehensive income before fresh start accounting		$ 14		$ 27	$ (45)
Predecessor [Member]
Note 16 - Retirement Plans (Details) - Changes in Plan Assets and Benefit Recognized in Other Comprehensive Income (Loss) [Line Items]
Newly established (loss) gain			$ 393
Amortization of:
Prior service (credit) cost	[1]		(75)
Predecessor [Member] | UNITED STATES
Note 16 - Retirement Plans (Details) - Changes in Plan Assets and Benefit Recognized in Other Comprehensive Income (Loss) [Line Items]
Newly established (loss) gain			80
Amortization of:
Prior service (credit) cost			1
Net actuarial loss			120
Prior service cost recognized due to curtailment			1
Net curtailment gain not recognized in expense			20
Total Income (loss) recognized in Other comprehensive income before fresh start accounting			222
Effect of application of fresh start accounting			1,955
Predecessor [Member] | Non-US [Member]
Note 16 - Retirement Plans (Details) - Changes in Plan Assets and Benefit Recognized in Other Comprehensive Income (Loss) [Line Items]
Newly established (loss) gain			78
Amortization of:
Net actuarial loss			55
Prior service cost recognized due to curtailment			1
Net curtailment gain not recognized in expense			7
Net loss (gain) recognized in expense due to settlements			1,542
Total Income (loss) recognized in Other comprehensive income before fresh start accounting			1,683
Effect of application of fresh start accounting			$ 418

[1] Reclassified to Pension (income) expense - refer to Note 16, "Retirement Plans" and Note 17, "Other Postretirement Benefits" for additional information.

XML

Note 16 - Retirement Plans (Details) - Pension (Income) Expense From Continuing Operations For All Defined Benefit Plans - USD ($) $ in Millions	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Amortization of:
Special termination benefits			$ (9)	$ (8)
UNITED STATES
Major defined benefit plans:
Service cost			17	18
Interest cost			148	176
Amortization of:
Actuarial loss			35	(567)
Special termination benefits			(9)	(8)
Successor [Member] | UNITED STATES
Major defined benefit plans:
Service cost	$ 7		17	18
Interest cost	67		148	176
Expected return on plan assets	(122)		(272)	(295)
Amortization of:
Prior service credit			(8)	(3)
Actuarial loss	0		0	0
Pension (income) expense before special termination benefits, curtailments and settlements	(48)		(115)	(104)
Special termination benefits			9	8
Settlement (gains) losses	(11)			10
Net pension (income) expense for major defined benefit plans	(59)		(106)	(86)
Other plans including unfunded plans	0		0	0
Net pension (income) expense	(59)		(106)	(86)
Successor [Member] | Non-U.S. [Member]
Major defined benefit plans:
Service cost	2		3	4
Interest cost	10		17	30
Expected return on plan assets	(14)		(30)	(38)
Amortization of:
Prior service credit	0		0	0
Actuarial loss			2	0
Pension (income) expense before special termination benefits, curtailments and settlements	(2)		(8)	(4)
Curtailment (gains) losses	(1)
Net pension (income) expense for major defined benefit plans	(3)		(8)	(4)
Other plans including unfunded plans			4	8
Net pension (income) expense	$ (3)		$ (4)	$ 4
Predecessor [Member] | UNITED STATES
Major defined benefit plans:
Service cost		$ 19
Interest cost		120
Expected return on plan assets		(236)
Amortization of:
Prior service credit		1
Actuarial loss		120
Pension (income) expense before special termination benefits, curtailments and settlements		24
Curtailment (gains) losses		1
Net pension (income) expense for major defined benefit plans		25
Other plans including unfunded plans		4
Net pension (income) expense		29
Predecessor [Member] | Non-U.S. [Member]
Major defined benefit plans:
Service cost		6
Interest cost		95
Expected return on plan assets		(105)
Amortization of:
Prior service credit		0
Actuarial loss		55
Pension (income) expense before special termination benefits, curtailments and settlements		51
Curtailment (gains) losses		1
Settlement (gains) losses		114
Net pension (income) expense for major defined benefit plans		166
Other plans including unfunded plans		19
Net pension (income) expense		$ 185

XML

Note 16 - Retirement Plans (Details) - Weighted-average Assumptions Used to Determine Benefit Obligation Amounts	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Aug. 31, 2013
Successor [Member] | UNITED STATES
Note 16 - Retirement Plans (Details) - Weighted-average Assumptions Used to Determine Benefit Obligation Amounts [Line Items]
Discount rate	3.89%	3.50%	4.50%
Salary increase rate	3.37%	3.34%	3.37%
Successor [Member] | Non-US [Member]
Note 16 - Retirement Plans (Details) - Weighted-average Assumptions Used to Determine Benefit Obligation Amounts [Line Items]
Discount rate	2.50%	2.09%	3.40%
Salary increase rate	1.91%	1.95%	2.74%
Predecessor [Member] | UNITED STATES
Note 16 - Retirement Plans (Details) - Weighted-average Assumptions Used to Determine Benefit Obligation Amounts [Line Items]
Discount rate				4.25%
Salary increase rate				3.39%
Predecessor [Member] | Non-US [Member]
Note 16 - Retirement Plans (Details) - Weighted-average Assumptions Used to Determine Benefit Obligation Amounts [Line Items]
Discount rate				3.33%
Salary increase rate				2.77%

XML

Note 16 - Retirement Plans (Details) - Weighted-average Assumptions Used to Determine Net Pension (Income) Expenses	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Successor [Member] | UNITED STATES
Note 16 - Retirement Plans (Details) - Weighted-average Assumptions Used to Determine Net Pension (Income) Expenses [Line Items]
Discount rate	4.25%		3.50%	4.19%
Salary increase rate	3.39%		3.34%	3.37%
Expected long-term rate of return on plan assets	8.20%		7.40%	7.63%
Successor [Member] | Non-US [Member]
Note 16 - Retirement Plans (Details) - Weighted-average Assumptions Used to Determine Net Pension (Income) Expenses [Line Items]
Discount rate	3.33%		2.09%	3.34%
Salary increase rate	2.77%		1.95%	2.62%
Expected long-term rate of return on plan assets	5.54%		4.69%	4.93%
Predecessor [Member] | UNITED STATES
Note 16 - Retirement Plans (Details) - Weighted-average Assumptions Used to Determine Net Pension (Income) Expenses [Line Items]
Discount rate		3.52%
Salary increase rate		3.40%
Expected long-term rate of return on plan assets		8.12%
Predecessor [Member] | Non-US [Member]
Note 16 - Retirement Plans (Details) - Weighted-average Assumptions Used to Determine Net Pension (Income) Expenses [Line Items]
Discount rate		3.63%
Salary increase rate		2.79%
Expected long-term rate of return on plan assets		6.66%

XML

Note 16 - Retirement Plans (Details) - Weighted-average Asset Allocation By Assets Category	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Major US Plans [Member]
Asset Category
Asset allocations	100.00%	100.00%
Major Non-U.S. Plans [Member]
Asset Category
Asset allocations	100.00%	100.00%
Equity Securities [Member] | Major US Plans [Member]
Asset Category
Asset allocations	15.00%	15.00%
Equity Securities [Member] | Major Non-U.S. Plans [Member]
Asset Category
Asset allocations	3.00%	6.00%
Debt Securities [Member] | Major US Plans [Member]
Asset Category
Asset allocations	35.00%	35.00%
Debt Securities [Member] | Major Non-U.S. Plans [Member]
Asset Category
Asset allocations	35.00%	27.00%
Real Estate [Member] | Major US Plans [Member]
Asset Category
Asset allocations	3.00%	3.00%
Real Estate [Member] | Major Non-U.S. Plans [Member]
Asset Category
Asset allocations	0.00%	1.00%
Cash and Cash Equivalents [Member] | Major US Plans [Member]
Asset Category
Asset allocations	1.00%	3.00%
Cash and Cash Equivalents [Member] | Major Non-U.S. Plans [Member]
Asset Category
Asset allocations	3.00%	4.00%
Global Balanced Asset Allocation Funds [Member] | Major US Plans [Member]
Asset Category
Asset allocations	13.00%	14.00%
Global Balanced Asset Allocation Funds [Member] | Major Non-U.S. Plans [Member]
Asset Category
Asset allocations	6.00%	11.00%
Other Assets [Member] | Major US Plans [Member]
Asset Category
Asset allocations	33.00%	30.00%
Other Assets [Member] | Major Non-U.S. Plans [Member]
Asset Category
Asset allocations	53.00%	51.00%
Minimum [Member] | Equity Securities [Member] | Major US Plans [Member]
Asset Category
Target asset allocations	12.00%
Minimum [Member] | Equity Securities [Member] | Major Non-U.S. Plans [Member]
Asset Category
Target asset allocations	0.00%
Minimum [Member] | Debt Securities [Member] | Major US Plans [Member]
Asset Category
Target asset allocations	32.00%
Minimum [Member] | Debt Securities [Member] | Major Non-U.S. Plans [Member]
Asset Category
Target asset allocations	28.00%
Minimum [Member] | Real Estate [Member] | Major US Plans [Member]
Asset Category
Target asset allocations	2.00%
Minimum [Member] | Real Estate [Member] | Major Non-U.S. Plans [Member]
Asset Category
Target asset allocations	0.00%
Minimum [Member] | Cash and Cash Equivalents [Member] | Major US Plans [Member]
Asset Category
Target asset allocations	0.00%
Minimum [Member] | Cash and Cash Equivalents [Member] | Major Non-U.S. Plans [Member]
Asset Category
Target asset allocations	0.00%
Minimum [Member] | Global Balanced Asset Allocation Funds [Member] | Major US Plans [Member]
Asset Category
Target asset allocations	10.00%
Minimum [Member] | Global Balanced Asset Allocation Funds [Member] | Major Non-U.S. Plans [Member]
Asset Category
Target asset allocations	0.00%
Minimum [Member] | Other Assets [Member] | Major US Plans [Member]
Asset Category
Target asset allocations	25.00%
Minimum [Member] | Other Assets [Member] | Major Non-U.S. Plans [Member]
Asset Category
Target asset allocations	50.00%
Maximum [Member] | Equity Securities [Member] | Major US Plans [Member]
Asset Category
Target asset allocations	18.00%
Maximum [Member] | Equity Securities [Member] | Major Non-U.S. Plans [Member]
Asset Category
Target asset allocations	10.00%
Maximum [Member] | Debt Securities [Member] | Major US Plans [Member]
Asset Category
Target asset allocations	38.00%
Maximum [Member] | Debt Securities [Member] | Major Non-U.S. Plans [Member]
Asset Category
Target asset allocations	38.00%
Maximum [Member] | Real Estate [Member] | Major US Plans [Member]
Asset Category
Target asset allocations	8.00%
Maximum [Member] | Real Estate [Member] | Major Non-U.S. Plans [Member]
Asset Category
Target asset allocations	5.00%
Maximum [Member] | Cash and Cash Equivalents [Member] | Major US Plans [Member]
Asset Category
Target asset allocations	6.00%
Maximum [Member] | Cash and Cash Equivalents [Member] | Major Non-U.S. Plans [Member]
Asset Category
Target asset allocations	10.00%
Maximum [Member] | Global Balanced Asset Allocation Funds [Member] | Major US Plans [Member]
Asset Category
Target asset allocations	20.00%
Maximum [Member] | Global Balanced Asset Allocation Funds [Member] | Major Non-U.S. Plans [Member]
Asset Category
Target asset allocations	10.00%
Maximum [Member] | Other Assets [Member] | Major US Plans [Member]
Asset Category
Target asset allocations	35.00%
Maximum [Member] | Other Assets [Member] | Major Non-U.S. Plans [Member]
Asset Category
Target asset allocations	60.00%

XML

Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	$ 3,793	$ 4,160
Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	728	795
Cash and Cash Equivalents [Member] | Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	34	115
Cash and Cash Equivalents [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	21	36
Equity Securities [Member] | Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	571	632
Equity Securities [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	22	46
Government Bonds [Member] | Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	924	989
Government Bonds [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	156	153
Investment Grade Bonds [Member] | Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	382	442
Investment Grade Bonds [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	90	37
Real Estate [Member] | Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	130	139
Real Estate [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	2	2
Global Balanced Asset Allocation Funds [Member] | Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	492	587
Global Balanced Asset Allocation Funds [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	47	91
Absolute Return [Member] | Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	487	426
Absolute Return [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	12	11
Private Equity Funds [Member] | Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	768	780
Private Equity Funds [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	61	56
Derivatives with Unrealized Gains [Member] | Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	5	50
Derivatives with Unrealized Gains [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	2	5
Inflation Linked Bonds [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	3	9
Global High Yield and Emerging Market Debt [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	3	11
Insurance Contracts [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	311	340
Derivatives with Unrealized Losses [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	(2)	(2)
Fair Value, Inputs, Level 1 [Member] | Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	7	51
Fair Value, Inputs, Level 1 [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	5	7
Fair Value, Inputs, Level 1 [Member] | Cash and Cash Equivalents [Member] | Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	2	1
Fair Value, Inputs, Level 1 [Member] | Cash and Cash Equivalents [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	5	4
Fair Value, Inputs, Level 1 [Member] | Derivatives with Unrealized Gains [Member] | Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	5	50
Fair Value, Inputs, Level 1 [Member] | Derivatives with Unrealized Gains [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	2	5
Fair Value, Inputs, Level 1 [Member] | Derivatives with Unrealized Losses [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	(2)	(2)
Fair Value, Inputs, Level 2 [Member] | Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	382	442
Fair Value, Inputs, Level 2 [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	407	431
Fair Value, Inputs, Level 2 [Member] | Equity Securities [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	6	8
Fair Value, Inputs, Level 2 [Member] | Government Bonds [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	39	39
Fair Value, Inputs, Level 2 [Member] | Investment Grade Bonds [Member] | Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	382	442
Fair Value, Inputs, Level 2 [Member] | Investment Grade Bonds [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	45	37
Fair Value, Inputs, Level 2 [Member] | Real Estate [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	2	2
Fair Value, Inputs, Level 2 [Member] | Global Balanced Asset Allocation Funds [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets		1
Fair Value, Inputs, Level 2 [Member] | Absolute Return [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	4	4
Fair Value, Inputs, Level 2 [Member] | Insurance Contracts [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	311	340
Fair Value, Inputs, Level 3 [Member] | Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	58	69
Fair Value, Inputs, Level 3 [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets		69	$ 101
Fair Value, Inputs, Level 3 [Member] | Real Estate [Member] | Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	34	41
Fair Value, Inputs, Level 3 [Member] | Real Estate [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets		41	47
Fair Value, Inputs, Level 3 [Member] | Private Equity Funds [Member] | Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	24	28
Fair Value, Inputs, Level 3 [Member] | Private Equity Funds [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets		28	$ 54
Measured at NAV [Member] | Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	3,346	3,598
Measured at NAV [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	316	357
Measured at NAV [Member] | Cash and Cash Equivalents [Member] | Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	32	114
Measured at NAV [Member] | Cash and Cash Equivalents [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	16	32
Measured at NAV [Member] | Equity Securities [Member] | Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	571	632
Measured at NAV [Member] | Equity Securities [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	16	38
Measured at NAV [Member] | Government Bonds [Member] | Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	924	989
Measured at NAV [Member] | Government Bonds [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	117	114
Measured at NAV [Member] | Investment Grade Bonds [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	45
Measured at NAV [Member] | Real Estate [Member] | Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	96	98
Measured at NAV [Member] | Global Balanced Asset Allocation Funds [Member] | Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	492	587
Measured at NAV [Member] | Global Balanced Asset Allocation Funds [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	47	90
Measured at NAV [Member] | Absolute Return [Member] | Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	487	426
Measured at NAV [Member] | Absolute Return [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	8	7
Measured at NAV [Member] | Private Equity Funds [Member] | Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	744	752
Measured at NAV [Member] | Private Equity Funds [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	61	56
Measured at NAV [Member] | Inflation Linked Bonds [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	3	9
Measured at NAV [Member] | Global High Yield and Emerging Market Debt [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Fair Value Measurement of Plan Assets [Line Items]
Fair Value of Plan Assets	$ 3	$ 11

XML

Note 16 - Retirement Plans (Details) - Reconciliation of Beginning and Ending Balances of Assets Measured With Signficiant Unobservable Inputs - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Reconciliation of Beginning and Ending Balances of Assets Measured With Signficiant Unobservable Inputs [Line Items]
Fair value of plan assets at beginning of period	$ 4,160
Fair value of plan assets at end of period	3,793	$ 4,160
Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Reconciliation of Beginning and Ending Balances of Assets Measured With Signficiant Unobservable Inputs [Line Items]
Fair value of plan assets at beginning of period	795
Fair value of plan assets at end of period	728	795
Real Estate [Member] | Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Reconciliation of Beginning and Ending Balances of Assets Measured With Signficiant Unobservable Inputs [Line Items]
Fair value of plan assets at beginning of period	139
Fair value of plan assets at end of period	130	139
Real Estate [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Reconciliation of Beginning and Ending Balances of Assets Measured With Signficiant Unobservable Inputs [Line Items]
Fair value of plan assets at beginning of period	2
Fair value of plan assets at end of period	2	2
Private Equity Funds [Member] | Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Reconciliation of Beginning and Ending Balances of Assets Measured With Signficiant Unobservable Inputs [Line Items]
Fair value of plan assets at beginning of period	780
Fair value of plan assets at end of period	768	780
Private Equity Funds [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Reconciliation of Beginning and Ending Balances of Assets Measured With Signficiant Unobservable Inputs [Line Items]
Fair value of plan assets at beginning of period	56
Fair value of plan assets at end of period	61	56
Fair Value, Inputs, Level 3 [Member] | Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Reconciliation of Beginning and Ending Balances of Assets Measured With Signficiant Unobservable Inputs [Line Items]
Fair value of plan assets at beginning of period	69
Net Realized and Unrealized Gains/Losses	7
Net Purchases and Sales	(18)
Fair value of plan assets at end of period	58	69
Fair Value, Inputs, Level 3 [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Reconciliation of Beginning and Ending Balances of Assets Measured With Signficiant Unobservable Inputs [Line Items]
Fair value of plan assets at beginning of period	69	101
Net Realized and Unrealized Gains/Losses		(12)
Net Purchases and Sales		(20)
Fair value of plan assets at end of period		69
Fair Value, Inputs, Level 3 [Member] | Real Estate [Member] | Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Reconciliation of Beginning and Ending Balances of Assets Measured With Signficiant Unobservable Inputs [Line Items]
Fair value of plan assets at beginning of period	41
Net Realized and Unrealized Gains/Losses	6
Net Purchases and Sales	(13)
Fair value of plan assets at end of period	34	41
Fair Value, Inputs, Level 3 [Member] | Real Estate [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Reconciliation of Beginning and Ending Balances of Assets Measured With Signficiant Unobservable Inputs [Line Items]
Fair value of plan assets at beginning of period	41	47
Net Purchases and Sales		(6)
Fair value of plan assets at end of period		41
Fair Value, Inputs, Level 3 [Member] | Private Equity Funds [Member] | Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Reconciliation of Beginning and Ending Balances of Assets Measured With Signficiant Unobservable Inputs [Line Items]
Fair value of plan assets at beginning of period	28
Net Realized and Unrealized Gains/Losses	1
Net Purchases and Sales	(5)
Fair value of plan assets at end of period	24	28
Fair Value, Inputs, Level 3 [Member] | Private Equity Funds [Member] | Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Reconciliation of Beginning and Ending Balances of Assets Measured With Signficiant Unobservable Inputs [Line Items]
Fair value of plan assets at beginning of period	$ 28	54
Net Realized and Unrealized Gains/Losses		(12)
Net Purchases and Sales		(14)
Fair value of plan assets at end of period		$ 28

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Note 16 - Retirement Plans (Details) - Pension Benefit Payments Which Reflects Future Services Expected to Be Paid From the Plans $ in Millions	Dec. 31, 2015 USD ($)
Note 16 - Retirement Plans (Details) - Pension Benefit Payments Which Reflects Future Services Expected to Be Paid From the Plans [Line Items]
2016	$ 5
Major US Plans [Member]
Note 16 - Retirement Plans (Details) - Pension Benefit Payments Which Reflects Future Services Expected to Be Paid From the Plans [Line Items]
2016	357
2017	341
2018	331
2019	321
2020	311
2021	1,401
Major Non-U.S. Plans [Member]
Note 16 - Retirement Plans (Details) - Pension Benefit Payments Which Reflects Future Services Expected to Be Paid From the Plans [Line Items]
2016	47
2017	47
2018	46
2019	46
2020	45
2021	$ 214

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Note 17 - Other Postretirement Benefits (Details) $ in Millions	Dec. 31, 2015 USD ($)
Postemployment Benefits [Abstract]
Defined Benefit Plan, Expected Future Benefit Payments, Next Twelve Months	$ 5

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Note 17 - Other Postretirement Benefits (Details) - Changes in the Company's Benefit Obligation and Funded Status - Other Postretirement Benefit Plans [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Note 17 - Other Postretirement Benefits (Details) - Changes in the Company's Benefit Obligation and Funded Status [Line Items]
Benefit obligation	$ 86	$ 95
Underfunded status at end of period	(78)	(86)
Interest cost	3	4
Plan participants’ contributions	7	9
Actuarial (gain) loss	(8)	2
Benefit payments	(12)	(18)
Currency adjustments	2	(6)
Benefit obligation	$ 78	$ 86

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Note 17 - Other Postretirement Benefits (Details) - Amounts Recognized in the Consolidated Statement of Financial Position - Other Postretirement Benefit Plans [Member] - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Note 17 - Other Postretirement Benefits (Details) - Amounts Recognized in the Consolidated Statement of Financial Position [Line Items]
Other benefit plan liabilities	$ (78)	$ (86)
Other Current Liabilities [Member]
Note 17 - Other Postretirement Benefits (Details) - Amounts Recognized in the Consolidated Statement of Financial Position [Line Items]
Other benefit plan liabilities	(5)	(8)
Pension and Other Postretirement Liabilities [Member]
Note 17 - Other Postretirement Benefits (Details) - Amounts Recognized in the Consolidated Statement of Financial Position [Line Items]
Other benefit plan liabilities	$ (73)	$ (78)

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Note 17 - Other Postretirement Benefits (Details) - Amounts Recognized in Accumulated Other Comprehensive Loss - Other Postretirement Benefit Plans [Member] - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Note 17 - Other Postretirement Benefits (Details) - Amounts Recognized in Accumulated Other Comprehensive Loss [Line Items]
Net actuarial gain	$ (8)	$ 0
Total recorded in Accumulated other comprehensive income	$ (8)	$ 0

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Note 17 - Other Postretirement Benefits (Details) - Changes in Benefit Obligations Recognized in Other Comprehensive (Loss) Income - Other Postretirement Benefit Plans [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Note 17 - Other Postretirement Benefits (Details) - Changes in Benefit Obligations Recognized in Other Comprehensive (Loss) Income [Line Items]
Newly established loss	$ (8)	$ (2)
Total loss recognized in Other comprehensive (loss) income	$ (8)	$ (2)

XML

Note 17 - Other Postretirement Benefits (Details) - Other Post Retirement Benefit Cost from Continuing Operations - Other Postretirement Benefit Plans [Member] - USD ($) $ in Millions	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Components of net postretirement benefit cost:
Interest cost			$ (3)	$ (4)
Successor [Member]
Components of net postretirement benefit cost:
Interest cost	$ 1		3	4
Amortization of:
Other postretirement benefit cost (income) from continuing operations	$ 1		$ 3	$ 4
Predecessor [Member]
Components of net postretirement benefit cost:
Interest cost		$ 3
Amortization of:
Prior service credit		(75)
Actuarial loss		3
Other postretirement benefit cost (income) from continuing operations		$ (69)

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Note 17 - Other Postretirement Benefits (Details) - Weighted-average Assumptions Used to Determine the Net Benefit Obligations - Other Postretirement Benefit Plans [Member]	Dec. 31, 2015	Dec. 31, 2014
Note 17 - Other Postretirement Benefits (Details) - Weighted-average Assumptions Used to Determine the Net Benefit Obligations [Line Items]
Discount rate	3.60%	3.49%
Salary increase rate	1.80%	2.60%

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Note 17 - Other Postretirement Benefits (Details) - Weighted-average Assumption Used to Determine Net Post-retirement Benefit Cost - Other Postretirement Benefit Plans [Member]	4 Months Ended	8 Months Ended	12 Months Ended
	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Successor [Member]
Note 17 - Other Postretirement Benefits (Details) - Weighted-average Assumption Used to Determine Net Post-retirement Benefit Cost [Line Items]
Discount rate	4.09%		3.49%	4.28%
Salary increase rate	2.50%		2.60%	2.50%
Predecessor [Member]
Note 17 - Other Postretirement Benefits (Details) - Weighted-average Assumption Used to Determine Net Post-retirement Benefit Cost [Line Items]
Discount rate		3.23%
Salary increase rate		2.50%

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Note 17 - Other Postretirement Benefits (Details) - Weighted-average Assumed Healthcare Cost Trend Rates Used to Compute Other Post-retirement Amounts - Other Postretirement Benefit Plans [Member]	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Note 17 - Other Postretirement Benefits (Details) - Weighted-average Assumed Healthcare Cost Trend Rates Used to Compute Other Post-retirement Amounts [Line Items]
Healthcare cost trend	5.81%	6.47%
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)	4.21%	4.65%
Year that the rate reaches the ultimate trend rate	2022	2021

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Note 17 - Other Postretirement Benefits (Details) - Effect of One-percentage Point Change in Assumed Healthcare Cost Trend Rates - Other Postretirement Benefit Plans [Member] $ in Millions	12 Months Ended
	Dec. 31, 2015 USD ($)
Note 17 - Other Postretirement Benefits (Details) - Effect of One-percentage Point Change in Assumed Healthcare Cost Trend Rates [Line Items]
Effect on postretirement benefit obligation	$ 4
Effect on postretirement benefit obligation	$ (4)

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Note 17 - Other Postretirement Benefits (Details) - Other Post-retirement Benefits Which Reflects Expected Future Services Expected to Be Paid $ in Millions	Dec. 31, 2015 USD ($)
Note 17 - Other Postretirement Benefits (Details) - Other Post-retirement Benefits Which Reflects Expected Future Services Expected to Be Paid [Line Items]
2016	$ 5
Other Postretirement Benefit Plans [Member]
Note 17 - Other Postretirement Benefits (Details) - Other Post-retirement Benefits Which Reflects Expected Future Services Expected to Be Paid [Line Items]
2016	5
2017	5
2018	5
2019	4
2020	4
2021	$ 19

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Note 18 - Earnings Per Share (Details) - USD ($) shares in Millions, $ in Millions	4 Months Ended	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Aug. 31, 2013
Employee Stock Option [Member]
Note 18 - Earnings Per Share (Details) [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		0.1	0.1
Convertible Debt Securities [Member]
Note 18 - Earnings Per Share (Details) [Line Items]
Aggregate Principal Amount of Convertible Security Convertible Senior Notes (in Dollars)				$ 400
Employee Stock Option [Member]
Note 18 - Earnings Per Share (Details) [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0.0

XML

Note 18 - Earnings Per Share (Details) - Dilutive Shares Included in Calculation of Diluted Earnings Per Share - shares shares in Millions	4 Months Ended	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Dilutive Shares Included in Calculation of Diluted Earnings Per Share [Abstract]
Unvested share-based awards	0.2	0.2	0.1
Warrants to purchase common shares	1.7	0.3	1.5
Total	1.9	0.5	1.6

XML

Note 18 - Earnings Per Share (Details) - Antidilutive Employee Stock Options and Detachable Warrants - Predecessor [Member] shares in Millions	8 Months Ended
	Aug. 31, 2013 shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities	47.0
Unvested Share-based Awards [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities	7.0
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive securities	40.0

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Note 19 - Stock-based Compensation (Details) - USD ($)		4 Months Ended	8 Months Ended	12 Months Ended
	Sep. 03, 2013	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Note 19 - Stock-based Compensation (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	5 years
Successor [Member] | Omnibus Incentive Plan 2013 [Member]
Note 19 - Stock-based Compensation (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period				7 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				3 years
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in Shares)				4,800,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in Shares)				2,000,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Maximum Cash Payment Per Employee				$ 2,500,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Maximum Fair Value of Awards Per Non-Employee Director				900,000
Allocated Share-based Compensation Expense				$ 4,000,000	$ 1,000,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized					$ 5,000,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition				1 year 219 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value				$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period (in Shares)				0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in Dollars per share)				$ 5.94	$ 7.74
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value				$ 2,000,000	$ 0	$ 0
Predecessor [Member]
Note 19 - Stock-based Compensation (Details) [Line Items]
Allocated Share-based Compensation Expense			$ 3,000,000
Stock Options and Stock Appreciation Rights [Member] | Successor [Member] | Omnibus Incentive Plan 2013 [Member]
Note 19 - Stock-based Compensation (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Per Employee (in Shares)				2,000,000
Performance Shares [Member] | Successor [Member] | Omnibus Incentive Plan 2013 [Member]
Note 19 - Stock-based Compensation (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Maximum Number of Shares Per Employee (in Shares)				1,000,000
Allocated Share-based Compensation Expense				$ 6,000,000
Unvested Restricted Stock Awards [Member] | Successor [Member] | Omnibus Incentive Plan 2013 [Member]
Note 19 - Stock-based Compensation (Details) [Line Items]
Allocated Share-based Compensation Expense		$ 1,000,000		7,000,000	$ 7,000,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized				$ 6,000,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition				1 year 6 months
Minimum [Member] | Successor [Member] | Omnibus Incentive Plan 2013 [Member]
Note 19 - Stock-based Compensation (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Purchase Price of Common Stock, Percent				100.00%

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Note 19 - Stock-based Compensation (Details) - Restricted Stock Unit Activity - Restricted Stock Units (RSUs) [Member]	12 Months Ended
	Dec. 31, 2015 $ / shares shares
Note 19 - Stock-based Compensation (Details) - Restricted Stock Unit Activity [Line Items]
Outstanding | shares	685,430
Outstanding | $ / shares	$ 22.15
Granted | shares	387,187
Granted | $ / shares	$ 14.86
Vested | shares	(237,957)
Vested | $ / shares	$ 21.73
Forfeited | shares	(60,115)
Forfeited | $ / shares	$ 15.74
Outstanding | shares	774,545
Outstanding | $ / shares	$ 19.13

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Note 19 - Stock-based Compensation (Details) - Stock Option Activity	12 Months Ended
	Dec. 31, 2015 $ / shares shares
Stock Option Activity [Abstract]
Shares Under Option, Outstanding | shares	781,321
Weighted Average Exercise Price Per Share, Outstanding | $ / shares	$ 22.56
Weighted Average Remaining Contractual Life, Outstanding	6 years 62 days
Exercisable on December 31, 2015 | shares	273,205
Exercisable on December 31, 2015 | $ / shares	$ 22.61
Exercisable on December 31, 2015	5 years 266 days
Expected to vest December 31, 2015 | shares	1,247,590
Expected to vest December 31, 2015 | $ / shares	$ 18.08
Expected to vest December 31, 2015	6 years 98 days
Granted | shares	783,476
Granted | $ / shares	$ 15.31
Forfeited | shares	(44,002)
Forfeited | $ / shares	$ 20.25
Shares Under Option, Outstanding | shares	1,520,795
Weighted Average Exercise Price Per Share, Outstanding | $ / shares	$ 18.89

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Note 19 - Stock-based Compensation (Details) - Share-based Payment Award, Stock Options, Valuation Assumptions - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Share-based Payment Award, Stock Options, Valuation Assumptions [Abstract]
Weighted-average fair value of options granted (in Dollars per share)	$ 5.94	$ 7.44
Weighted-average risk-free interest rate	1.46%	1.46%
Range of risk-free interest rates	1.26%	1.39%
Range of risk-free interest rates	1.60%	1.51%
Weighted-average expected option lives (years)	4 years 6 months	4 years 6 months
Expected option lives (years)	4 years 6 months	4 years 6 months
Weighted-average volatility	46.00%	39.00%
Range of expected volatilities	40.00%	36.00%
Range of expected volatilities	49.00%	42.00%
Weighted-average expected dividend yield	0.00%	0.00%

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Note 20 - Shareholders' Equity (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Sep. 03, 2013
Note 20 - Shareholders' Equity (Details) [Line Items]
Stock Authorized	560,000,000
Common Stock, Shares Authorized	500,000,000
Common Stock, Par or Stated Value Per Share (in Dollars per share)	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	60,000,000
Preferred Stock, Par or Stated Value Per Share (in Dollars per share)	$ 0
Common Stock, Shares, Outstanding	42,000,000	41,900,000
Preferred Stock, Shares Outstanding	0	0
Preferred Stock, Shares Issued	0	0
Warrants Issued Fair Value (in Dollars)			$ 24
Class of Warrant or Right, Outstanding	3,600,000
Stock Repurchased During Period, Value (in Dollars)	$ 1
Treasury Stock, Shares	300,000	200,000
Range 1 [Member] | Holders of General Unsecured and Retiree Committee Unsecured Claims [Member]
Note 20 - Shareholders' Equity (Details) [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	2,100,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)	$ 14.93
Range 2 [Member] | Holders of General Unsecured and Retiree Committee Unsecured Claims [Member]
Note 20 - Shareholders' Equity (Details) [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	2,100,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)	$ 16.12

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Note 21 - Other Comprehensive (Loss) Income (Details) - Changes in Other Comprehensive (Loss) Income, by Component - USD ($) $ in Millions		4 Months Ended	8 Months Ended	12 Months Ended
		Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Successor [Member]
Note 21 - Other Comprehensive (Loss) Income (Details) - Changes in Other Comprehensive (Loss) Income, by Component [Line Items]
Currency translation adjustments		$ 1		$ (35)	$ (33)
Reclassification adjustment for losses included in Other charges (net), before tax				2
Reclassification adjustment for losses included in Other charges (net), net of tax				2
Pension and other postretirement benefit plan changes
Newly established prior service credit		6		4	61
Newly established net actuarial (loss) gain		95		(88)	(278)
Tax (benefit) provision		(3)		(5)	7
Newly established prior service credit and net actuarial (loss) gain, net of tax		$ 98		(89)	(210)
Reclassification adjustments:
Amortization of prior service credit (a)	[1]			(8)	(3)
Amortization of actuarial (gains) losses (a)	[1]			(2)	1
Recognition of losses due to settlements and curtailments (a)	[1]			1	10
Total reclassification adjustments				(9)	8
Reclassification adjustments, net of tax				(9)	8
Pension and other postretirement benefit plan changes, net of tax		$ 98		(98)	(202)
Other comprehensive (loss) income		$ 99		$ (131)	$ (235)
Predecessor [Member]
Note 21 - Other Comprehensive (Loss) Income (Details) - Changes in Other Comprehensive (Loss) Income, by Component [Line Items]
Currency translation adjustments			$ 4
Pension and other postretirement benefit plan changes
Newly established net actuarial (loss) gain			393
Tax (benefit) provision			(14)
Newly established prior service credit and net actuarial (loss) gain, net of tax			379
Reclassification adjustments:
Amortization of prior service credit (a)	[1]		(75)
Amortization of actuarial (gains) losses (a)	[1]		185
Recognition of losses due to settlements and curtailments (a)	[1]		1,563
Total reclassification adjustments			1,673
Tax (provision)			(448)
Reclassification adjustments, net of tax			1,225
Pension and other postretirement benefit plan changes, net of tax			1,604
Other comprehensive (loss) income			$ 1,608

[1] Reclassified to Pension (income) expense - refer to Note 16, "Retirement Plans" and Note 17, "Other Postretirement Benefits" for additional information.

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Note 22 - Accumulated Other Comprehensive (Loss) Income (Details) - Components of Accumulated Other Comprehensive (Loss) Income - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Components of Accumulated Other Comprehensive (Loss) Income [Abstract]
Currency translation adjustments	$ (67)	$ (32)
Available for sale securities	2
Pension and other postretirement benefit plan changes	(202)	(104)
Ending balance	$ (267)	$ (136)

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Note 23 - Segment Information (Details) $ in Millions	3 Months Ended	12 Months Ended
	Sep. 30, 2015 USD ($)	Dec. 31, 2015 USD ($) a	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Note 23 - Segment Information (Details) [Line Items]
Number of Reportable Segments		7
Property, plant and equipment, net of accumulated depreciation of $330 and $231, respectively		$ 426	$ 524
BRAZIL
Note 23 - Segment Information (Details) [Line Items]
Property, plant and equipment, net of accumulated depreciation of $330 and $231, respectively		64	95	$ 113
CHINA
Note 23 - Segment Information (Details) [Line Items]
Property, plant and equipment, net of accumulated depreciation of $330 and $231, respectively		$ 60	$ 59
Other Income [Member]
Note 23 - Segment Information (Details) [Line Items]
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	$ 3
Eastman Business Park Rochester NY [Member]
Note 23 - Segment Information (Details) [Line Items]
Area of Real Estate Property (in Acres) | a		1,200

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Note 23 - Segment Information (Details) - Revenues and Earnings (Loss) from Continuing Operations - USD ($) $ in Millions		1 Months Ended	4 Months Ended	8 Months Ended	12 Months Ended
		Aug. 31, 2013	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Restructuring costs and other		$ 3	$ (17)	$ (52)
Intangible asset amortization			8	10	$ 25	$ 25
Restructuring-related depreciation				4		2
Successor [Member]
Segment Reporting Information [Line Items]
Revenues	[1]		812		1,798	2,116
Depreciation and amortization			(75)		(145)	(199)
Restructuring costs and other			(17)		(38)	(59)
Other operating (expense) income, net excluding gain related to Unipixel termination (5)			(2)		(2)	(9)
Interest expense			(22)		(63)	(62)
Other charges, net			10		(21)	(21)
Reorganization items, net			(16)		(5)	(13)
Consolidated (loss) earnings from continuing operations before income taxes			(74)		(35)	(112)
Depreciation expense			67		120	174
Restructuring-related depreciation			0		8	2
Successor [Member] | Continuing Operations [Member]
Segment Reporting Information [Line Items]
Revenues			812		1,798	2,116
Earnings from continuing operations			58		122	158
Depreciation and amortization			(75)		(145)	(199)
Corporate components of pension and OPEB income (1)	[2]		67		133	110
Restructuring costs and other			(17)		(38)	(59)
Stock-based compensation			$ (1)		(18)	$ (8)
Change in U.S. vacation benefits (4)	[3]				17
Consulting and other costs (2)	[4]		$ (2)		(13)	$ (6)
Idle costs (3)	[5]				(3)	(4)
Costs previously allocated to discontinued operations			$ (5)		(1)	(4)
Fresh start adjustments			(73)
Other operating (expense) income, net excluding gain related to Unipixel termination (5)	[6]		(2)		(5)	(9)
Interest expense			(22)		(63)	(62)
Other charges, net			10		(21)	(21)
Reorganization items, net			(16)		(5)	(13)
Consolidated (loss) earnings from continuing operations before income taxes			(74)		(35)	(112)
Intangible asset amortization			8		25	25
Depreciation expense			62		96	157
Restructuring-related depreciation					8	2
Consolidated total			67		120	174
Successor [Member] | Continuing Operations [Member] | Print Systems [Member]
Segment Reporting Information [Line Items]
Revenues			485		1,106	1,257
Earnings from continuing operations			38		98	93
Intangible asset amortization			3		9	9
Depreciation expense			19		39	51
Successor [Member] | Continuing Operations [Member] | Enterprise Inkjet Systems [Member]
Segment Reporting Information [Line Items]
Revenues			83		173	185
Earnings from continuing operations			(15)		(26)	(44)
Intangible asset amortization			1		4	4
Depreciation expense			5		12	12
Successor [Member] | Continuing Operations [Member] | Micro 3D Printing and Packaging [Member]
Segment Reporting Information [Line Items]
Revenues			$ 42		128	130
Earnings from continuing operations	[6]				9	(1)
Intangible asset amortization			$ 3		9	9
Depreciation expense			3		6	8
Successor [Member] | Continuing Operations [Member] | Software and Solutions [Member]
Segment Reporting Information [Line Items]
Revenues			39		112	108
Earnings from continuing operations			(1)		9	3
Intangible asset amortization			1		2	2
Depreciation expense			1		1	2
Successor [Member] | Continuing Operations [Member] | Consumer and Film [Member]
Segment Reporting Information [Line Items]
Revenues			147		265	352
Earnings from continuing operations			34		52	66
Intangible asset amortization					1	1
Depreciation expense			23		30	65
Successor [Member] | Continuing Operations [Member] | Intellectual Property Solutions [Member]
Segment Reporting Information [Line Items]
Revenues			9		1	70
Earnings from continuing operations			(2)		(22)	40
Depreciation expense			4		2	8
Successor [Member] | Continuing Operations [Member] | Eastman Business Park Rochester NY [Member]
Segment Reporting Information [Line Items]
Revenues			4		13	14
Earnings from continuing operations			4		2	1
Depreciation expense			7		6	11
Successor [Member] | Continuing Operations [Member] | Other Segments [Member]
Segment Reporting Information [Line Items]
Revenues			3
Earnings from continuing operations			4		5	5
Depreciation expense			$ 5		$ 16	$ 15
Predecessor [Member]
Segment Reporting Information [Line Items]
Revenues	[1]			1,546
Depreciation and amortization				(118)
Restructuring costs and other				(43)
Stock-based compensation				(3)
Other operating (expense) income, net excluding gain related to Unipixel termination (5)				495
Loss on early extinguishment of debt, net				(8)
Interest expense				(106)
Other charges, net				(13)
Reorganization items, net				2,026
Consolidated (loss) earnings from continuing operations before income taxes				2,356
Depreciation expense				87
Restructuring-related depreciation				4
Predecessor [Member] | Continuing Operations [Member]
Segment Reporting Information [Line Items]
Revenues				1,546
Earnings from continuing operations				93
Depreciation and amortization				(97)
Corporate components of pension and OPEB income (1)	[2]			43
Restructuring costs and other				(49)
Stock-based compensation				$ (3)
Change in U.S. vacation benefits (4)	[3]
Consulting and other costs (2)	[4]
Idle costs (3)	[5]			$ 1
Costs previously allocated to discontinued operations				(35)
Other operating (expense) income, net excluding gain related to Unipixel termination (5)	[6]			495
Loss on early extinguishment of debt, net				(8)
Interest expense				(106)
Other charges, net				(13)
Reorganization items, net				2,026
Consolidated (loss) earnings from continuing operations before income taxes				2,356
Intangible asset amortization				10
Depreciation expense				80
Restructuring-related depreciation				4
Consolidated total				87
Predecessor [Member] | Continuing Operations [Member] | Print Systems [Member]
Segment Reporting Information [Line Items]
Revenues				844
Earnings from continuing operations				32
Intangible asset amortization				6
Depreciation expense				34
Predecessor [Member] | Continuing Operations [Member] | Enterprise Inkjet Systems [Member]
Segment Reporting Information [Line Items]
Revenues				133
Earnings from continuing operations				(34)
Intangible asset amortization				2
Depreciation expense				8
Predecessor [Member] | Continuing Operations [Member] | Micro 3D Printing and Packaging [Member]
Segment Reporting Information [Line Items]
Revenues				75
Earnings from continuing operations	[6]			(3)
Intangible asset amortization				1
Depreciation expense				4
Predecessor [Member] | Continuing Operations [Member] | Software and Solutions [Member]
Segment Reporting Information [Line Items]
Revenues				82
Earnings from continuing operations				(11)
Intangible asset amortization				1
Depreciation expense				2
Predecessor [Member] | Continuing Operations [Member] | Consumer and Film [Member]
Segment Reporting Information [Line Items]
Revenues				371
Earnings from continuing operations				127
Depreciation expense				23
Predecessor [Member] | Continuing Operations [Member] | Intellectual Property Solutions [Member]
Segment Reporting Information [Line Items]
Revenues				1
Earnings from continuing operations				(19)
Depreciation expense				2
Predecessor [Member] | Continuing Operations [Member] | Eastman Business Park Rochester NY [Member]
Segment Reporting Information [Line Items]
Revenues				4
Earnings from continuing operations				1
Depreciation expense				7
Predecessor [Member] | Continuing Operations [Member] | Other Segments [Member]
Segment Reporting Information [Line Items]
Revenues				36
Earnings from continuing operations				5
Depreciation expense				$ 3

[1] Sales are reported in the geographic area in which they originate. No non-U.S. country generated more than 10% of net sales in the years ended December 31, 2015 and December 31, 2014, four months ended December 31, 2013 or eight months ended August 31, 2013.

[2] Composed of interest cost, expected return on plan assets, amortization of actuarial gains and losses, and curtailments and settlement components of pension and other postretirement benefit expenses.

[3] In the fourth quarter of 2015, Kodak changed the timing of when U.S. employees earn their vacation benefits which reduced the related accrual as of December 31, 2015.

[4] Consulting and other costs are primarily related to professional services provided for corporate strategic initiatives in the current year periods. The prior year periods primarily represent the cost of AlixPartners filling interim executive positions which are not captured within "Reorganization items, net" as well as consulting services provided by former executives during transitional periods.

[5] 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.

[6] In 2015 a $3 million gain was recognized related to assets that were acquired for no monetary consideration as a part of the termination of the relationship with Unipixel. The gain was reported in Other operating (income) expense, net in the Consolidated Statement of Operations. Other operating (income) expense, net is typically excluded from the segment measure. However, this particular gain was included in the Micro 3D Printing and Packaging segment's earnings in 2015.

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Note 23 - Segment Information (Details) - Revenue From External Customers and Long-Lived Assets, By Geographical Areas - USD ($) $ in Millions		4 Months Ended	8 Months Ended	12 Months Ended
		Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Sep. 03, 2013		Sep. 01, 2013
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant & equipment, net				$ 426	$ 524
Successor [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales revenue	[1]	$ 812		1,798	2,116
Property, plant & equipment, net		684		426	524	$ 727		$ 727
Successor [Member] | UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales revenue	[1]	243		622	751
Property, plant & equipment, net		378		217	271
Successor [Member] | EMEA [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales revenue	[1]	287		597	727
Property, plant & equipment, net		91		55	68
Successor [Member] | Asia Pacific [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales revenue	[1]	207		402	451
Property, plant & equipment, net		83		76	75
Successor [Member] | Canada and Latin America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales revenue	[1]	75		177	187
Property, plant & equipment, net		132		78	110
Successor [Member] | Non-US [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales revenue	[1]	569		1,176	1,365
Property, plant & equipment, net	[2]	$ 306		$ 209	$ 253
Predecessor [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales revenue	[1]		$ 1,546
Property, plant & equipment, net			507			$ 507	[3]
Predecessor [Member] | UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales revenue	[1]		519
Predecessor [Member] | EMEA [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales revenue	[1]		548
Predecessor [Member] | Asia Pacific [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales revenue	[1]		330
Predecessor [Member] | Canada and Latin America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales revenue	[1]		149
Predecessor [Member] | Non-US [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales revenue	[1]		$ 1,027

[1] Sales are reported in the geographic area in which they originate. No non-U.S. country generated more than 10% of net sales in the years ended December 31, 2015 and December 31, 2014, four months ended December 31, 2013 or eight months ended August 31, 2013.

[2] Of the total non U.S. property, plant and equipment in 2015, $64 million are located in Brazil and $60 million are located in China. Of the total non U.S. property, plant and equipment in 2014, $95 million are located in Brazil and $59 million are located in China. Of the total non U.S. property, plant and equipment in 2013, $113 million are located in Brazil. No other non U.S. country had greater than 10% of property, plant and equipment in 2015, 2014 or 2013.

[3] On the Effective Date, Kodak completed the sale of substantially all of its assets constituting the Personalized Imaging and Document Imaging businesses to KPP Holdco Limited. This transaction has been reflected in the Predecessor Company period. Refer to Note 27, "Discontinued Operations" for additional information.

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Note 24 - Emergence from Voluntary Reorganization under Chapter 11 Proceedings (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions							1 Months Ended	3 Months Ended
	Sep. 03, 2014	May. 20, 2014	Sep. 03, 2013	Aug. 23, 2013	Jul. 18, 2013	Feb. 01, 2013	Aug. 31, 2013	Dec. 31, 2012	Dec. 31, 2015	Dec. 31, 2014	Jun. 17, 2013
Note 24 - Emergence from Voluntary Reorganization under Chapter 11 Proceedings (Details) [Line Items]
Stock Authorized (in Shares)									560.0
Preferred Stock, Shares Authorized (in Shares)									60.0
Preferred Stock, Par or Stated Value Per Share (in Dollars per share)									$ 0
Common Stock, Shares Authorized (in Shares)									500.0
Common Stock, Par or Stated Value Per Share (in Dollars per share)									$ 0.01	$ 0.01
Proceeds from Issuance of Other Long-term Debt			$ 669.0
Payments for Administrative Priority or Secured Claims				$ 94.0
Stockholders Percentage of Outstanding Common Stock, Potentially Requiring Securities Offering			25.00%
Registration Rights Agreement Condition for Demanding a Shelf Registration Statement, Percentage Ownership	10.00%
Registration Rights Agreement, Condition For Demanding a Shelf Registration Statement, Minimum Aggregate Market Value	$ 75.0
Bankruptcy Claims, Amount of Claims Filed			$ 2,800.0
Bankruptcy Claims, Amount of Claims Settled			29.0
Litigation Settlement, Amount		$ 49.0	18.0
Percentage of Liability Above $99 Million		50.00%							50.00%
Amended EBP Settlement Agreement Prior to Implementation Amount Held in Separate Trust and Escrow Account											$ 49.0
Other Postretirement Benefits Payments								$ 7.5
Debtor Reorganization Items, Provision for Expected Allowed Claims							$ 27.0
Subject To Repayment [Member]
Note 24 - Emergence from Voluntary Reorganization under Chapter 11 Proceedings (Details) [Line Items]
Proceeds from Divestiture of Businesses			35.0
Cash Payment [Member]
Note 24 - Emergence from Voluntary Reorganization under Chapter 11 Proceedings (Details) [Line Items]
Proceeds from Divestiture of Businesses			200.0
Administrative Claims [Member]
Note 24 - Emergence from Voluntary Reorganization under Chapter 11 Proceedings (Details) [Line Items]
Bankruptcy Claims, Amount Paid to Settle Claims			15.0
General Unsecured Claim [Member]
Note 24 - Emergence from Voluntary Reorganization under Chapter 11 Proceedings (Details) [Line Items]
Bankruptcy Claims, Amount of Claims Filed			635.0
Settlement Parties [Member]
Note 24 - Emergence from Voluntary Reorganization under Chapter 11 Proceedings (Details) [Line Items]
Bankruptcy Claims, Amount of Claims Filed					$ 244.0
Paid In Cash [Member]
Note 24 - Emergence from Voluntary Reorganization under Chapter 11 Proceedings (Details) [Line Items]
Proceeds from Divestiture of Businesses			525.0
Net Cash Considerations [Member]
Note 24 - Emergence from Voluntary Reorganization under Chapter 11 Proceedings (Details) [Line Items]
Proceeds from Divestiture of Businesses			325.0
KPP Note [Member]
Note 24 - Emergence from Voluntary Reorganization under Chapter 11 Proceedings (Details) [Line Items]
Proceeds from Divestiture of Businesses			125.0
Historical [Member]
Note 24 - Emergence from Voluntary Reorganization under Chapter 11 Proceedings (Details) [Line Items]
Environmental Expense and Liabilities		$ 99.0
Unsecured Pre-Petition Claim [Member]
Note 24 - Emergence from Voluntary Reorganization under Chapter 11 Proceedings (Details) [Line Items]
Bankruptcy Claims, Amount of Claims Settled						$ 70.0
Exit Facility [Member]
Note 24 - Emergence from Voluntary Reorganization under Chapter 11 Proceedings (Details) [Line Items]
Proceeds from Issuance of Other Long-term Debt			695.0
ABL Credit Facility [Member]
Note 24 - Emergence from Voluntary Reorganization under Chapter 11 Proceedings (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity			$ 200.0
Issued To Unsecured Creditors And Backstop Parties [Member]
Note 24 - Emergence from Voluntary Reorganization under Chapter 11 Proceedings (Details) [Line Items]
Stock Issued During Period, Shares, New Issues (in Shares)			34.0
Shares Issued, Price Per Share (in Dollars per share)			$ 11.94
Proceeds from Issuance of Common Stock			$ 406.0
Issued to Backstop Parties Payment for Fees [Member]
Note 24 - Emergence from Voluntary Reorganization under Chapter 11 Proceedings (Details) [Line Items]
Stock Issued During Period, Shares, Issued for Services (in Shares)			1.7
Backstop Parties [Member]
Note 24 - Emergence from Voluntary Reorganization under Chapter 11 Proceedings (Details) [Line Items]
Stockholders Percentage of Outstanding Common Stock, Potentially Requiring Securities Offering			10.00%
Minimum Aggregate Market Value of Potential Stock Issuance			$ 75.0
Common Stock [Member] | Holders of General Unsecured and Retiree Committee Unsecured Claims [Member]
Note 24 - Emergence from Voluntary Reorganization under Chapter 11 Proceedings (Details) [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares)			6.0
KPP Holdco [Member]
Note 24 - Emergence from Voluntary Reorganization under Chapter 11 Proceedings (Details) [Line Items]
Proceeds from Divestiture of Businesses			$ 650.0
Exercise Price of 14.93 [Member] | Common Stock [Member] | Holders of General Unsecured and Retiree Committee Unsecured Claims [Member]
Note 24 - Emergence from Voluntary Reorganization under Chapter 11 Proceedings (Details) [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares)			2.1
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)			$ 14.93
Exercise price of 16.12 [Member] | Common Stock [Member] | Holders of General Unsecured and Retiree Committee Unsecured Claims [Member]
Note 24 - Emergence from Voluntary Reorganization under Chapter 11 Proceedings (Details) [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in Shares)			2.1
Class of Warrant or Right, Exercise Price of Warrants or Rights (in Dollars per share)			$ 16.12
Intellectual Property [Member]
Note 24 - Emergence from Voluntary Reorganization under Chapter 11 Proceedings (Details) [Line Items]
Proceeds from Sale of Intangible Assets						$ 530.0

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Note 25 - Fresh Start Accounting (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions							4 Months Ended	8 Months Ended	12 Months Ended
		May. 20, 2014	Sep. 03, 2013		Sep. 03, 2013		Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Sep. 01, 2013
Note 25 - Fresh Start Accounting (Details) [Line Items]
Maximum Percentage of Voting Shares Received by Previous Shareholders			50.00%
Enterprise Value			$ 1,000		$ 1,000
Assumption for Fair Value of Assets or Liabilities that relate to Transferor's Continuing Involvement, Discount Rate			29.00%
Short-term Debt, Fair Value			$ 44		44
Capital Lease Obligations			14		14
Long-term Debt, Fair Value			$ 676		$ 676
Long Term Debt Percentage of Par Value			97.00%
Pension and Postretirement Expected Cash Contributions Discount Rate			3.50%
Share Price (in Dollars per share)			$ 14.11		$ 14.11
Fair Value Assumptions, Expected Dividend Rate			0.00%
Fair Value Assumptions, Risk Free Interest Rate			1.67%
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period			5 years
Other Liabilities, Noncurrent			$ 18		$ 18				$ 278	$ 324
Deposit Liabilities, Accrued Interest			7		7
Emergence and Success Fees Paid at Emergence			9
Accrued Professional Fees			80		80
Litigation Settlement, Amount		$ 49	18
Other Assets, Current									28	30
Cash Collateral for Borrowed Securities			15		15
Debt Issuance Cost			8
Deferred Debt Issuance Costs Write Off			5
Deferred Equity Issuance Costs Write Off			3
Accounts Payable, Trade, Current									195	212
Repayments of Other Debt			644
Short-term Debt			4		4
Interest Paid			7
Administrative Fees Expense			10
Bankruptcy Claims, Amount of Claims Settled			29		29
Liabilities Subject to Compromise			9		9
Long-term Debt, Excluding Current Maturities			375		375				675	672
Proceeds from Issuance of Other Long-term Debt			669
Proceeds from Other Short-term Debt			4
Warrants Issued Value			24
Inventory, Net									314	349
Property, plant and equipment, net of accumulated depreciation of $330 and $231, respectively									426	524
Goodwill							$ 88		88	96
Intangible Assets, Net (Excluding Goodwill)									158	182
Intangible Assets Write Off			43		43
Finite-lived Intangible Assets, Fair Value Disclosure			235		235
Indefinite-Lived Trade Names			54		54
Indefinite-Lived Intangible Assets (Excluding Goodwill)			$ 9		$ 9
Issued to Holders of General Unsecured Claims [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Share Price (in Dollars per share)			$ 14.11		$ 14.11
Stock Issued During Period, Shares, New Issues (in Shares)			6.0
Issued to Backstop Parties Payment for Fees [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Share Price (in Dollars per share)			$ 14.11		$ 14.11
Stock Issued During Period, Shares, New Issues (in Shares)			1.7
Reorganization Adjustments [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Other Liabilities, Noncurrent	[1]		$ 61		$ 61
Emergence and Success Fees Paid at Emergence			(9)
Repayments of Other Debt					644
Liabilities Subject to Compromise	[1]		(2,475)		(2,475)
Fresh Start Adjustments [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Other Liabilities, Noncurrent	[2]		82		82
Long-term Debt, Excluding Current Maturities			11		11
Inventory, Net	[3]		67		67
Property, plant and equipment, net of accumulated depreciation of $330 and $231, respectively	[4]		220		220
Goodwill	[5]		32		32
Intangible Assets, Net (Excluding Goodwill)	[6]		192		192
Predecessor [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Other Liabilities, Noncurrent	[7]		318		318
Repayments of Other Debt								$ 375
Liabilities Subject to Compromise	[7]		2,475		2,475
Proceeds from Issuance of Other Long-term Debt								664
Inventory, Net			435	[7]	435	[7]		435
Property, plant and equipment, net of accumulated depreciation of $330 and $231, respectively			507	[7]	507	[7]		$ 507
Goodwill	[7]		56		56
Intangible Assets, Net (Excluding Goodwill)	[7]		43		43
Successor [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Enterprise Value			1,000		1,000
Other Liabilities, Noncurrent			408		408
Repayments of Other Debt							40
Inventory, Net			502		502						$ 502
Property, plant and equipment, net of accumulated depreciation of $330 and $231, respectively			727		727		$ 684		$ 426	$ 524	727
Goodwill			88		88						$ 88
Intangible Assets, Net (Excluding Goodwill)			$ 235		$ 235
The 125 Warrants [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Strike Price (in Dollars per share)			$ 14.93		$ 14.93
Warrant Percentage			125.00%
Fair Value Assumptions, Expected Volatility Rate			47.00%
The 135 Warrants [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Strike Price (in Dollars per share)			$ 16.12		16.12
Warrant Percentage			135.00%
Fair Value Assumptions, Expected Volatility Rate			48.00%
Rights Offering [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Share Price (in Dollars per share)			$ 11.94		11.94
Stock Issued During Period, Shares, New Issues (in Shares)			34.0
Rights Offering [Member] | Reflects Increase in Fair Value [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Share Price (in Dollars per share)			$ 14.11		$ 14.11
Adjustments to Additional Paid in Capital, Fair Value			$ 34
Omnibus Incentive Plan 2013 [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Stock Issued During Period, Shares, New Issues (in Shares)			0.1
Omnibus Incentive Plan 2013 [Member] | Successor [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period									7 years
Write Off of Unamortized Debt Issuance Costs [Member] | Reorganization Adjustments [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Other Assets, Current	[8]		$ (1)		$ (1)
Claims Expected to be Satisfied in Cash Reclassified From Liabilities Subject to Compromise [Member] | Reorganization Adjustments [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Accounts Payable, Trade, Current	[9]		6		6
Claims Expected to be Satisfied in Cash Reclassified From Liabilities Subject to Compromise [Member] | Predecessor [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Accounts Payable, Trade, Current	[7]		317		317
Claims Expected to be Satisfied in Cash Reclassified From Liabilities Subject to Compromise [Member] | Successor [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Accounts Payable, Trade, Current			339		339
Success Fees Accrued Upon Emergence [Member] | Reorganization Adjustments [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Accounts Payable, Trade, Current	[10]		13		13
Success Fees Accrued Upon Emergence [Member] | Accounts Payable and Accrued Liabilities [Member] | Reorganization Adjustments [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Accounts Payable, Trade, Current			3		3
Repayment of All Term Loans From Junior DIP Credit Agreement [Member] | Reorganization Adjustments [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Accounts Payable, Trade, Current			13		13
Decreased Capitalized Lease Obligations [Member] | Fresh Start Adjustments [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Other Liabilities, Noncurrent			38		38
Decrease Remeasurement of Employee Benefit Obligations [Member] | Fresh Start Adjustments [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Other Liabilities, Noncurrent			19		19
Increase Fair Value Adjustment Asset Retirement Obligations [Member] | Fresh Start Adjustments [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Other Liabilities, Noncurrent			$ 4		$ 4
Repayment of All Loans Outstanding Under the 9.75% Senior Secured Notes [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			9.75%		9.75%
Repayment of 10.625% Senior Secured Notes [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			10.625%		10.625%
Debt Instrument, Unamortized Discount			$ 5		$ 5
Junior Dip Credit Agreement Term Loan [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Debt Instrument, Unamortized Discount			3		3
Technology-Based Intangible Assets [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Finite-lived Intangible Assets, Fair Value Disclosure			131		131
Finite-Lived Intangible Asset, Useful Life									6 years	7 years
Customer-Related Intangible Assets [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Finite-lived Intangible Assets, Fair Value Disclosure			$ 39		39
Finite-Lived Intangible Asset, Useful Life									7 years	8 years
In Process Research and Development [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Finite-Lived Intangible Asset, Useful Life			6 years
In Process Research and Development [Member] | Cost of Capital Discount Rate [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Concentration Risk, Percentage			40.00%
Favorable Contracts and Leasehold Improvements [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Finite-lived Intangible Assets, Fair Value Disclosure			$ 2		2
Minimum [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Enterprise Value			$ 875		875
Minimum [Member] | Sales Revenue, Net [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Concentration Risk, Percentage			0.00%
Minimum [Member] | Royalty Rates [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Concentration Risk, Percentage			0.50%
Minimum [Member] | Cost of Capital Discount Rate [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Concentration Risk, Percentage			27.00%
Minimum [Member] | Technology-Based Intangible Assets [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Finite-Lived Intangible Asset, Useful Life			4 years
Minimum [Member] | Technology-Based Intangible Assets [Member] | Royalty Rates [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Concentration Risk, Percentage			1.00%
Minimum [Member] | Technology-Based Intangible Assets [Member] | Cost of Capital Discount Rate [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Concentration Risk, Percentage			29.00%
Minimum [Member] | Customer-Related Intangible Assets [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Finite-Lived Intangible Asset, Useful Life			3 years
Minimum [Member] | Customer-Related Intangible Assets [Member] | Cost of Capital Discount Rate [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Concentration Risk, Percentage			29.00%
Minimum [Member] | Customer-Related Intangible Assets [Member] | Attrition Rates [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Concentration Risk, Percentage			2.50%
Maximum [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Enterprise Value			$ 1,400		$ 1,400
Maximum [Member] | Sales Revenue, Net [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Concentration Risk, Percentage			3.00%
Maximum [Member] | Royalty Rates [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Concentration Risk, Percentage			1.00%
Maximum [Member] | Cost of Capital Discount Rate [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Concentration Risk, Percentage			32.00%
Maximum [Member] | Technology-Based Intangible Assets [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Finite-Lived Intangible Asset, Useful Life			12 years
Maximum [Member] | Technology-Based Intangible Assets [Member] | Royalty Rates [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Concentration Risk, Percentage			16.00%
Maximum [Member] | Technology-Based Intangible Assets [Member] | Cost of Capital Discount Rate [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Concentration Risk, Percentage			34.00%
Maximum [Member] | Customer-Related Intangible Assets [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Finite-Lived Intangible Asset, Useful Life			10 years
Maximum [Member] | Customer-Related Intangible Assets [Member] | Cost of Capital Discount Rate [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Concentration Risk, Percentage			38.00%
Maximum [Member] | Customer-Related Intangible Assets [Member] | Attrition Rates [Member]
Note 25 - Fresh Start Accounting (Details) [Line Items]
Concentration Risk, Percentage			20.00%

[1] Refer to explanation #18 for the determination of fair value for equity issued to unsecured creditors.

[2] Represents the net decrease in tax assets and tax liabilities associated with adjustments for fresh start accounting.

[3] An adjustment of $67 million was recorded to increase the net book value of inventories to their estimated fair value, which was determined as follows: Fair value of finished goods inventory were determined based on the estimated selling price less costs to sell, including disposal and holding period costs, and a reasonable profit margin on the selling and disposal effort. Fair value of work-in-process was determined based on the estimated selling price once completed less total costs to complete the manufacturing effort, costs to sell, including disposal and holding period costs, and a reasonable profit on the remaining manufacturing, selling and disposal effort. Fair value of raw materials was determined based on current replacement costs.

[4] An adjustment of $220 million was recorded to increase the net book value of property, plant and equipment to estimated fair value. Fair value was determined as follows: The market, sales comparison or trended cost approach was utilized for land, buildings and building improvements. This approach relies upon recent sales, offerings of similar assets or a specific inflationary adjustment to original purchase price to arrive at a probable selling price. The cost approach was utilized for machinery and equipment. This approach considers the amount required to construct or purchase a new asset of equal utility at current prices, with adjustments in value for physical deterioration, and functional and economic obsolescence. Physical deterioration is an adjustment made in the cost approach to reflect the real operating age of an asset with regard to wear and tear, decay and deterioration that is not prevented by maintenance. Functional obsolescence is the loss in value or usefulness of an asset caused by inefficiencies or inadequacies of the asset, as compared to a more efficient or less costly replacement asset with newer technology. Economic obsolescence is the loss in value or usefulness of an asset due to factors external to the asset, such as the economics of the industry, reduced demand, increased competition or similar factors.The following table summarizes the components of property, plant and equipment, net as of August 31, 2013, and the fair value at September 1, 2013:

[5] This adjustment eliminated the Predecessor goodwill balance of $56 million and records Successor goodwill of $88 million, which represents the reorganizational value of assets in excess of amounts allocated to identified tangible and intangible assets, as follows:

[6] The net adjustment of $192 million reflects the write-off of existing intangibles of $43 million and an adjustment of $235 million to record the fair value of intangibles, determined as follows:a. Trade names of $54 million were valued using the income approach, specifically the relief from royalty method based on the following significant assumptions:i. Forecasted revenues attributable to the trade names ranging from September 1, 2013 to December 31, 2023, including a terminal year with growth rates ranging from 0% to 3%;ii. Royalty rates ranging from .5% to 1% of expected net sales determined with regard to comparable market transactions and profitability analysis;iii. Discount rates ranging from 27% to 32%, which were based on the after-tax weighted-average cost of capital; andiv. Kodak anticipates using its trade name for an indefinite period.b. Technology based intangibles of $131 million were valued using the income approach, specifically the relief from royalty method based on the following significant assumptions:i. Forecasted revenues attributable to the respective technologies for the period ranging from September 1, 2013 to December 31, 2025;ii. Royalty rates ranging from 1% to 16% determined with regard to comparable market transactions and cash flows of the respective technologies;iii. Discount rates ranging from 29% to 34%, based on the after-tax weighted-average cost of capital; andiv. Economic lives ranging from 4 to 12 years.c. Customer related intangibles of $39 million were valued using the income approach, specifically the multi-period excess earnings approach based on the following significant assumptions:i. Forecasted revenues and profit margins attributable to the current customer base for the period ranging from September 1, 2013 to December 31, 2024;ii. Attrition rates ranging from 2.5% to 20%;iii. Discount rates ranging from 29% to 38%, based on the after-tax weighted-average cost of capital; andiv. Economic lives ranging from 3 to 10 years.d. In-process research and development of $9 million was determined using the income approach, specifically the multi-period excess earnings method based on the following significant assumptions:i. Forecasted revenues attributable to the respective research and development projects for the period of September 1, 2013 to December 31, 2019;ii. Discount rate of 40% based on the after-tax weighted-average cost of capital adjusted for perceived risks inherent in the individual assets; andiii. Economic life of 6 years.e. In addition, the Company recorded the fair value of other intangibles of $2 million primarily related to favorable contracts and leasehold improvements that were favorable relative to available market terms.

[7] On the Effective Date, Kodak completed the sale of substantially all of its assets constituting the Personalized Imaging and Document Imaging businesses to KPP Holdco Limited. This transaction has been reflected in the Predecessor Company period. Refer to Note 27, "Discontinued Operations" for additional information.

[8] Represents the write-off of unamortized debt issuance costs of $1 million related to the Junior DIP Credit Agreement upon repayment in full of all outstanding term loans on the Effective Date. This amount has been included in Reorganization items, net in the Consolidated Statement of Operations.

[9] Represents $6 million in claims expected to be satisfied in cash that were reclassified from Liabilities subject to compromise.

[10] Represents $13 million in success fees accrued upon emergence that have been included in Reorganization items, net in the Consolidated Statement of Operations.

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Note 25 - Fresh Start Accounting (Details) - Reconciliation of Enterprise Value to Estimated Fair Value - USD ($) $ / shares in Units, $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Sep. 03, 2013	Aug. 31, 2013
Note 25 - Fresh Start Accounting (Details) - Reconciliation of Enterprise Value to Estimated Fair Value [Line Items]
Enterprise value				$ 1,000
Plus: Cash and cash equivalents	$ 547	$ 712
Fair value of Successor common stock	$ 0	$ 0
Shares outstanding at September 3, 2013 (in Shares)	42,000,000	41,900,000
Successor [Member]
Note 25 - Fresh Start Accounting (Details) - Reconciliation of Enterprise Value to Estimated Fair Value [Line Items]
Enterprise value				1,000
Plus: Cash and cash equivalents	$ 547	$ 712	$ 844	898	$ 898
Less: Other non-operating liabilities				$ 18
Shares outstanding at September 3, 2013 (in Shares)				41,753,211
Per share value (in Dollars per share)				$ 14.11
Successor [Member] | Estimate of Fair Value Measurement [Member]
Note 25 - Fresh Start Accounting (Details) - Reconciliation of Enterprise Value to Estimated Fair Value [Line Items]
Less: Fair value of debt and capitalized lease obligations				$ 734
Less: Fair value of pension and other postretirement obligations				533
Less: Fair value of warrants				24
Fair value of Successor common stock				$ 589

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Note 25 - Fresh Start Accounting (Details) - Reconciliation of Enterprise Value to Estimated Reorganization Value - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Sep. 03, 2013	Aug. 31, 2013
Note 25 - Fresh Start Accounting (Details) - Reconciliation of Enterprise Value to Estimated Reorganization Value [Line Items]
Enterprise value				$ 1,000
Plus: Cash and cash equivalents	$ 547	$ 712
Plus: Fair value of noncontrolling interests				10
Successor [Member]
Note 25 - Fresh Start Accounting (Details) - Reconciliation of Enterprise Value to Estimated Reorganization Value [Line Items]
Enterprise value				1,000
Plus: Cash and cash equivalents	$ 547	$ 712	$ 844	898	$ 898
Reorganization value of Successor assets				3,463
Successor [Member] | Estimate of Fair Value Measurement [Member]
Note 25 - Fresh Start Accounting (Details) - Reconciliation of Enterprise Value to Estimated Reorganization Value [Line Items]
Plus: Fair value of non-debt liabilities				2,088
Less: Fair value of pension and other postretirement obligations				$ 533

XML

Note 25 - Fresh Start Accounting (Details) - Adjustments of Statement of Financial Position - USD ($) $ in Millions		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Sep. 03, 2013		Sep. 01, 2013	Aug. 31, 2013	Dec. 31, 2012
Current Assets
Cash and cash equivalents		$ 547	$ 712
Receivables, net		365	414
Inventories, net		314	349
Assets held for sale		2	14
Other current assets		28	30
Total current assets		1,278	1,550
Property, plant & equipment, net		426	524
Goodwill		88	96	$ 88
Intangible assets, net		158	182
Other long-term assets		122	129
TOTAL ASSETS		2,138	2,556
Current Liabilities
Accounts payable, trade		195	212
Short-term borrowings and current portion of long-term debt		5	5
Other current liabilities		259	372
Liabilities held for sale			10
Total current liabilities		459	599
Long-term debt, net of current portion		675	672		$ 375
Pension and other postretirement liabilities		623	662
Other long-term liabilities		278	324		18
Liabilities subject to compromise					9
Total liabilities		2,035	2,257
Equity (Deficit)
Common stock		0	0
Additional paid in capital		633	621
Retained earnings (deficit)		(283)	(204)
Accumulated other comprehensive loss		(267)	(136)
Less: Treasury stock (Predecessor)		(5)	(4)
Total Eastman Kodak Company shareholders’ (deficit) equity		78	277
Noncontrolling interests		25	22
Total equity (deficit)		103	299
TOTAL LIABILITIES AND EQUITY (DEFICIT)		2,138	2,556
Predecessor [Member]
Current Assets
Cash and cash equivalents					1,070	[1]		$ 898	$ 1,135
Restricted cash	[1]				24
Receivables, net	[1]				492
Inventories, net					435	[1]		435
Assets held for sale	[1]				109
Total current assets	[1]				2,207
Property, plant & equipment, net					507	[1]		507
Goodwill	[1]				56
Intangible assets, net	[1]				43
Deferred income taxes	[1]				22
TOTAL ASSETS	[1]				3,037
Current Liabilities
Liabilities held for sale	[1]				45
Total current liabilities	[1]				1,643
Pension and other postretirement liabilities	[1]				411
Other long-term liabilities	[1]				318
Liabilities subject to compromise	[1]				2,475
Total liabilities	[1]				5,217
Equity (Deficit)
Retained earnings (deficit)	[1]				2,446
Accumulated other comprehensive loss	[1]				(1,008)
	[1]				3,521
Less: Treasury stock (Predecessor)	[1]				(5,711)
Total Eastman Kodak Company shareholders’ (deficit) equity	[1]				(2,190)
Noncontrolling interests	[1]				10
Total equity (deficit)					(2,180)	[1]		10	$ (3,677)
TOTAL LIABILITIES AND EQUITY (DEFICIT)	[1]				$ 3,037
Predecessor [Member] | Successor Adjustments [Member]
Equity (Deficit)
Common stock	[1]
Additional paid in capital	[1]
Predecessor [Member] | Predecessor Adjustments [Member]
Equity (Deficit)
Common stock	[1]				$ 978
Additional paid in capital	[1]				1,105
Predecessor [Member] | Expiration of Tax Attributes [Member]
Current Assets
Other current assets	[1]				77
Predecessor [Member] | Includes Cash Collateralization for Letters of Credit [Member]
Current Assets
Other long-term assets	[1]				202
Reorganization Adjustments [Member]
Current Assets
Cash and cash equivalents	[2]				(172)
Restricted cash	[3]				98
Total current assets					(67)
Deferred income taxes	[4]				(21)
TOTAL ASSETS					(73)
Current Liabilities
Total current liabilities					(607)
Pension and other postretirement liabilities	[5]				156
Other long-term liabilities	[5]				61
Liabilities subject to compromise	[5]				(2,475)
Total liabilities					(2,570)
Equity (Deficit)
Retained earnings (deficit)	[6]				(1,671)
					(3,214)
Less: Treasury stock (Predecessor)	[7]				5,711
Total Eastman Kodak Company shareholders’ (deficit) equity					2,497
Total equity (deficit)					2,497
TOTAL LIABILITIES AND EQUITY (DEFICIT)					$ (73)
Reorganization Adjustments [Member] | Successor Adjustments [Member]
Equity (Deficit)
Common stock	[8]
Additional paid in capital	[8]				$ 540
Reorganization Adjustments [Member] | Predecessor Adjustments [Member]
Equity (Deficit)
Common stock	[7]				(978)
Additional paid in capital	[7]				(1,105)
Reorganization Adjustments [Member] | Expiration of Tax Attributes [Member]
Current Assets
Other current assets	[4]				8
Reorganization Adjustments [Member] | Write Off of Unamortized Debt Issuance Costs [Member]
Current Assets
Other current assets	[9]				(1)
Reorganization Adjustments [Member] | Includes Cash Collateralization for Letters of Credit [Member]
Current Assets
Other long-term assets	[10]				15
Reorganization Adjustments [Member] | Debt Issuance Costs [Member]
Current Assets
Other long-term assets	[11]				8
Reorganization Adjustments [Member] | Write Off of Deferred Debt Issuance Costs [Member]
Current Assets
Other long-term assets	[12]				(8)
Fresh Start Adjustments [Member]
Current Assets
Inventories, net	[13]				67
Assets held for sale	[14]				8
Total current assets					33
Property, plant & equipment, net	[15]				220
Goodwill	[16]				32
Intangible assets, net	[17]				192
Deferred income taxes	[18]				55
TOTAL ASSETS					499
Current Liabilities
Liabilities held for sale	[14]				(3)
Total current liabilities					(25)
Long-term debt, net of current portion					11
Pension and other postretirement liabilities	[19]				178
Other long-term liabilities	[18]				82
Total liabilities					193
Equity (Deficit)
Retained earnings (deficit)	[20]				(775)
Accumulated other comprehensive loss	[20]				1,008
					306
Total Eastman Kodak Company shareholders’ (deficit) equity					306
Total equity (deficit)					306
TOTAL LIABILITIES AND EQUITY (DEFICIT)					499
Fresh Start Adjustments [Member] | Successor Adjustments [Member]
Equity (Deficit)
Additional paid in capital	[21]				73
Fresh Start Adjustments [Member] | Expiration of Tax Attributes [Member]
Current Assets
Other current assets	[18]				(42)
Fresh Start Adjustments [Member] | Includes Cash Collateralization for Letters of Credit [Member]
Current Assets
Other long-term assets	[22]				(26)
Fresh Start Adjustments [Member] | Debt Issuance Costs [Member]
Current Assets
Other long-term assets	[23]				(8)
Fresh Start Adjustments [Member] | Write Off of Deferred Debt Issuance Costs [Member]
Current Assets
Other long-term assets	[19]				1
Successor [Member]
Current Assets
Cash and cash equivalents		547	712	844	898			$ 898
Restricted cash					122
Receivables, net					492
Inventories, net					502		$ 502
Assets held for sale					117
Total current assets					2,173
Property, plant & equipment, net		426	524	684	727		727
Goodwill					88		88
Intangible assets, net					235
Deferred income taxes					56
TOTAL ASSETS					3,463		3,463
Current Liabilities
Liabilities held for sale					42
Total current liabilities					1,011
Pension and other postretirement liabilities					745
Other long-term liabilities					408
Total liabilities					2,840
Equity (Deficit)
					613
Total Eastman Kodak Company shareholders’ (deficit) equity					613
Noncontrolling interests					10
Total equity (deficit)		$ 103	$ 299	$ 648	623		$ 623
TOTAL LIABILITIES AND EQUITY (DEFICIT)					3,463
Successor [Member] | Successor Adjustments [Member]
Equity (Deficit)
Additional paid in capital					613
Successor [Member] | Expiration of Tax Attributes [Member]
Current Assets
Other current assets					42
Successor [Member] | Includes Cash Collateralization for Letters of Credit [Member]
Current Assets
Other long-term assets					184
Claims Expected to be Satisfied in Cash Reclassified From Liabilities Subject to Compromise [Member] | Predecessor [Member]
Current Liabilities
Accounts payable, trade	[1]				317
Claims Expected to be Satisfied in Cash Reclassified From Liabilities Subject to Compromise [Member] | Reorganization Adjustments [Member]
Current Liabilities
Accounts payable, trade	[24]				6
Other current liabilities	[25]				38
Claims Expected to be Satisfied in Cash Reclassified From Liabilities Subject to Compromise [Member] | Successor [Member]
Current Liabilities
Accounts payable, trade					339
Accrued Expenses Related to the Emergence Credit Facilities [Member] | Reorganization Adjustments [Member]
Current Liabilities
Accounts payable, trade	[26]				3
Success Fees Accrued Upon Emergence [Member] | Reorganization Adjustments [Member]
Current Liabilities
Accounts payable, trade	[27]				13
Repayment of All Term Loans From Junior DIP Credit Agreement [Member] | Predecessor [Member]
Current Liabilities
Short-term borrowings and current portion of long-term debt	[1]				681
Repayment of All Term Loans From Junior DIP Credit Agreement [Member] | Reorganization Adjustments [Member]
Current Liabilities
Accounts payable, trade					13
Short-term borrowings and current portion of long-term debt	[28]				(641)
Repayment of All Term Loans From Junior DIP Credit Agreement [Member] | Successor [Member]
Current Liabilities
Short-term borrowings and current portion of long-term debt					44
Principal Short Term Borrowings of Emergence Credit Facility [Member] | Reorganization Adjustments [Member]
Current Liabilities
Short-term borrowings and current portion of long-term debt	[29]				4
Accrued and Unpaid Interest Related to the Repayment of Debt [Member] | Predecessor [Member]
Current Liabilities
Other current liabilities	[1]				600
Accrued and Unpaid Interest Related to the Repayment of Debt [Member] | Reorganization Adjustments [Member]
Current Liabilities
Other current liabilities	[30]				(17)
Accrued and Unpaid Interest Related to the Repayment of Debt [Member] | Fresh Start Adjustments [Member]
Current Liabilities
Other current liabilities	[31]				(8)
Accrued and Unpaid Interest Related to the Repayment of Debt [Member] | Successor [Member]
Current Liabilities
Other current liabilities					586
Expiration of Tax Attributes [Member] | Reorganization Adjustments [Member]
Current Liabilities
Other current liabilities	[4]				(13)
Expiration of Tax Attributes [Member] | Fresh Start Adjustments [Member]
Current Liabilities
Other current liabilities	[19]				(14)
Repayment of All Loans Outstanding Under the 9.75% Senior Secured Notes [Member] | Predecessor [Member]
Current Liabilities
Long-term debt, net of current portion	[1]				370
Repayment of All Loans Outstanding Under the 9.75% Senior Secured Notes [Member] | Reorganization Adjustments [Member]
Current Liabilities
Long-term debt, net of current portion	[32]				(370)
Repayment of All Loans Outstanding Under the 9.75% Senior Secured Notes [Member] | Fresh Start Adjustments [Member]
Current Liabilities
Long-term debt, net of current portion	[33]				11
Repayment of All Loans Outstanding Under the 9.75% Senior Secured Notes [Member] | Successor [Member]
Current Liabilities
Long-term debt, net of current portion					676
Proceeds From Issuance of Term Loans Under Emergence Credit Facility [Member] | Reorganization Adjustments [Member]
Current Liabilities
Long-term debt, net of current portion	[34]				665
Decrease in Net Deferred Tax Assets Associated With Fresh Start Accounting [Member] | Fresh Start Adjustments [Member]
Current Liabilities
Other long-term liabilities	[35]				$ (53)

[1] On the Effective Date, Kodak completed the sale of substantially all of its assets constituting the Personalized Imaging and Document Imaging businesses to KPP Holdco Limited. This transaction has been reflected in the Predecessor Company period. Refer to Note 27, "Discontinued Operations" for additional information.

[2] Reflects the net cash payments recorded as of the Effective Date from implementation of the Plan:

[3] Reflects the funding of $80 million to the professional fee escrow account for professional fees accrued at emergence and $18 million related to the EBP Settlement Agreement. Refer to Note 24, "Emergence from Voluntary Reorganization under Chapter 11 Proceedings" for additional information regarding the EBP Settlement Agreement.

[4] Reflects the expiration of tax attributes, which was fully offset by a corresponding decrease in Kodak's U.S. valuation allowance, as a result of the Debtors' emergence from chapter 11 bankruptcy proceedings. Refer to Note 14, "Income Taxes" for additional information.

[5] Refer to explanation #18 for the determination of fair value for equity issued to unsecured creditors.

[6] The net gain on reorganization adjustments has been included in Reorganization items, net in the Consolidated Statement of Operations.

[7] Reflects the cancellation of Predecessor Company equity to retained earnings.

[8] Reflects the issuance of 34 million shares of common stock at a per share price of $11.94 in connection with the Rights Offering, 6 million shares of common stock issued to the holders of general unsecured and retiree committee unsecured claims valued at $14.11 per share,1.7 million shares of common stock valued at $14.11 per share issued to the Backstop Parties in connection with the Backstop Commitment Agreement, 0.1 million shares of common stock issued under Kodak's 2013 Omnibus Incentive Plan on the Effective Date, and issuance of warrants valued at $24 million.

[9] Represents the write-off of unamortized debt issuance costs of $1 million related to the Junior DIP Credit Agreement upon repayment in full of all outstanding term loans on the Effective Date. This amount has been included in Reorganization items, net in the Consolidated Statement of Operations.

[10] Represents the funding of $15 million in cash collateralization for letters of credit under the ABL Credit Facility.

[11] Represents $8 million of debt issuance costs incurred related to the Emergence Credit Facilities.

[12] Represents the write-off of $5 million of deferred debt issuance costs upon repayment in full of all loans outstanding under the 9.75% senior secured notes due 2018 and 10.625% senior secured notes due 2019 and the write-off of $3 million of deferred equity issuance costs. These amounts have been included in Reorganization items, net in the Consolidated Statement of Operations.

[13] An adjustment of $67 million was recorded to increase the net book value of inventories to their estimated fair value, which was determined as follows: Fair value of finished goods inventory were determined based on the estimated selling price less costs to sell, including disposal and holding period costs, and a reasonable profit margin on the selling and disposal effort. Fair value of work-in-process was determined based on the estimated selling price once completed less total costs to complete the manufacturing effort, costs to sell, including disposal and holding period costs, and a reasonable profit on the remaining manufacturing, selling and disposal effort. Fair value of raw materials was determined based on current replacement costs.

[14] Represents fair value adjustment to the assets and liabilities of the Company's Personalized Imaging and Document Imaging businesses in delayed close countries.

[15] An adjustment of $220 million was recorded to increase the net book value of property, plant and equipment to estimated fair value. Fair value was determined as follows: The market, sales comparison or trended cost approach was utilized for land, buildings and building improvements. This approach relies upon recent sales, offerings of similar assets or a specific inflationary adjustment to original purchase price to arrive at a probable selling price. The cost approach was utilized for machinery and equipment. This approach considers the amount required to construct or purchase a new asset of equal utility at current prices, with adjustments in value for physical deterioration, and functional and economic obsolescence. Physical deterioration is an adjustment made in the cost approach to reflect the real operating age of an asset with regard to wear and tear, decay and deterioration that is not prevented by maintenance. Functional obsolescence is the loss in value or usefulness of an asset caused by inefficiencies or inadequacies of the asset, as compared to a more efficient or less costly replacement asset with newer technology. Economic obsolescence is the loss in value or usefulness of an asset due to factors external to the asset, such as the economics of the industry, reduced demand, increased competition or similar factors.The following table summarizes the components of property, plant and equipment, net as of August 31, 2013, and the fair value at September 1, 2013:

[16] This adjustment eliminated the Predecessor goodwill balance of $56 million and records Successor goodwill of $88 million, which represents the reorganizational value of assets in excess of amounts allocated to identified tangible and intangible assets, as follows:

[17] The net adjustment of $192 million reflects the write-off of existing intangibles of $43 million and an adjustment of $235 million to record the fair value of intangibles, determined as follows:a. Trade names of $54 million were valued using the income approach, specifically the relief from royalty method based on the following significant assumptions:i. Forecasted revenues attributable to the trade names ranging from September 1, 2013 to December 31, 2023, including a terminal year with growth rates ranging from 0% to 3%;ii. Royalty rates ranging from .5% to 1% of expected net sales determined with regard to comparable market transactions and profitability analysis;iii. Discount rates ranging from 27% to 32%, which were based on the after-tax weighted-average cost of capital; andiv. Kodak anticipates using its trade name for an indefinite period.b. Technology based intangibles of $131 million were valued using the income approach, specifically the relief from royalty method based on the following significant assumptions:i. Forecasted revenues attributable to the respective technologies for the period ranging from September 1, 2013 to December 31, 2025;ii. Royalty rates ranging from 1% to 16% determined with regard to comparable market transactions and cash flows of the respective technologies;iii. Discount rates ranging from 29% to 34%, based on the after-tax weighted-average cost of capital; andiv. Economic lives ranging from 4 to 12 years.c. Customer related intangibles of $39 million were valued using the income approach, specifically the multi-period excess earnings approach based on the following significant assumptions:i. Forecasted revenues and profit margins attributable to the current customer base for the period ranging from September 1, 2013 to December 31, 2024;ii. Attrition rates ranging from 2.5% to 20%;iii. Discount rates ranging from 29% to 38%, based on the after-tax weighted-average cost of capital; andiv. Economic lives ranging from 3 to 10 years.d. In-process research and development of $9 million was determined using the income approach, specifically the multi-period excess earnings method based on the following significant assumptions:i. Forecasted revenues attributable to the respective research and development projects for the period of September 1, 2013 to December 31, 2019;ii. Discount rate of 40% based on the after-tax weighted-average cost of capital adjusted for perceived risks inherent in the individual assets; andiii. Economic life of 6 years.e. In addition, the Company recorded the fair value of other intangibles of $2 million primarily related to favorable contracts and leasehold improvements that were favorable relative to available market terms.

[18] Represents the net decrease in tax assets and tax liabilities associated with adjustments for fresh start accounting.

[19] Represents the revaluation of pension and other postretirement obligations. Refer to Note 16, "Retirement plans "and Note 17, "Other postretirement benefits" for additional information.

[20] Reflects the cumulative impact of fresh start adjustments as discussed above and the elimination of the Predecessor Company's accumulatedother comprehensive loss.

[21] Reflects the increase in fair value of the 34 million shares of common stock issued in connection with the Rights Offering from $11.94 to $14.11 per share.

[22] Represents the write-off of deferred costs under various licensing transactions now being reflected in intangible assets.

[23] Represents the write-off of unamortized debt issuance costs related to the Emergence Credit Facilities.

[24] Represents $6 million in claims expected to be satisfied in cash that were reclassified from Liabilities subject to compromise.

[25] Represents $29 million in claims expected to be settled in cash and $9 million of liabilities that have been retained by Kodak in accordance with the Plan that have been reclassified from Liabilities subject to compromise.

[26] Represents $3 million of accrued expenses related to the Emergence Credit Facilities that have been deferred and recorded as part of Other Current assets.

[27] Represents $13 million in success fees accrued upon emergence that have been included in Reorganization items, net in the Consolidated Statement of Operations.

[28] On the Effective Date, the Company repaid in full all term loans outstanding under the Junior DIP Credit Agreement for an aggregate remaining principal amount of approximately $644 million offset by $3 million of unamortized debt discount that was written off upon repayment of the debt and is included in Reorganization items, net in the Consolidated Statement of Operations.

[29] Represents $4 million of principal amount recorded as short-term borrowings pursuant to the terms of the Emergence Credit Facility.

[30] On the Effective Date, the Company paid $7 million of accrued and unpaid interest related to the repayment of debt and $10 million in administrative claims that was included within Other current liabilities.

[31] Represents the revaluation of deferred revenues to the fair value of Kodak's related future performance obligations.

[32] On the Effective Date, the Company repaid in full all loans outstanding under the 9.75% senior secured notes due 2018 and 10.625% senior secured notes due 2019 for an aggregate principal amount of approximately $375 million offset by $5 million of unamortized debt discount that was written off upon repayment of the debt and is included in Reorganization items, net in the Consolidated Statement of Operations.

[33] Represents the write-off of unamortized debt discounts related to the Emergence Credit Facilities based on the fair value of debt.

[34] Upon issuance of the Term Loans under the Emergence Credit Facility, the Company received net proceeds of approximately $669 million, of which $4 million of the principal amount of the loans is recorded as short-term borrowings pursuant to the terms of the Emergence CreditFacility.

[35] Represents $38 million decrease in capitalized lease obligations determined based on market rents, $19 million decrease related to the remeasurement of employee benefit obligations offset by net $4 million increase in fair value adjustment related to asset retirement obligations and other miscellaneous liabilities.

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Note 25 - Fresh Start Accounting (Details) - Net Cash Payments for Reoganization Adjustments - USD ($) $ in Millions	Sep. 03, 2013	Sep. 03, 2013
Uses:
Repayment of Junior DIP Term Loans	$ 644
Reorganization Adjustments [Member]
Sources:
Net proceeds from Emergence Credit Facilities		$ 664
Proceeds from Rights Offerings		406
Total sources		1,070
Uses:
Repayment of Junior DIP Term Loans		644
Repayment of Second Lien Notes		375
Claims paid at emergence		94
Funding of escrow accounts		113
Other fees and expenses		16
Total uses		1,242
Net uses		$ (172)

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Note 25 - Fresh Start Accounting (Details) - Liabilities Subject to Compromise - USD ($) $ in Millions		Sep. 03, 2013	Dec. 31, 2015	Dec. 31, 2014
Note 25 - Fresh Start Accounting (Details) - Liabilities Subject to Compromise [Line Items]
Liabilities subject to compromise of the Predecessor Company (LSTC)		$ (9)
Liabilities reinstated at emergence:
Pension and other postretirement liabilities			$ (623)	$ (662)
Environmental obligations		18	$ 278	$ 324
Reorganization Adjustments [Member]
Note 25 - Fresh Start Accounting (Details) - Liabilities Subject to Compromise [Line Items]
Liabilities subject to compromise of the Predecessor Company (LSTC)	[1]	2,475
Cash payments at emergence from LSTC		(84)
Claims expected to be satisfied in cash		(35)
Liabilities reinstated at emergence:
Pension and other postretirement liabilities	[1]	(156)
Environmental obligations	[1]	61
Other current liabilities		(9)
Total liabilities reinstated at emergence		(226)
Fair value of equity issued to unsecured creditors		(85)
Fair value of warrants issued to unsecured creditors		(24)
Gain on settlement of liabilities subject to compromise		2,021
Reorganization Adjustments [Member] | Environmental Liabilities [Member]
Liabilities reinstated at emergence:
Environmental obligations		$ (61)

[1] Refer to explanation #18 for the determination of fair value for equity issued to unsecured creditors.

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Note 25 - Fresh Start Accounting (Details) - Cumulative Impact of the Reorganization Adjustments - USD ($) $ in Millions		Sep. 03, 2013	Dec. 31, 2015	Dec. 31, 2014
Note 25 - Fresh Start Accounting (Details) - Cumulative Impact of the Reorganization Adjustments [Line Items]
Emergence and success fees paid at emergence		$ 9
Net impact to Retained earnings (deficit)			$ (283)	$ (204)
Reorganization Adjustments [Member]
Note 25 - Fresh Start Accounting (Details) - Cumulative Impact of the Reorganization Adjustments [Line Items]
Gain on settlement of liabilities subject to compromise		2,021
Fair value of shares issued to Backstop Parties and employees		(25)
Write-off of unamortized debt discounts and debt issuance costs		(14)
Success fees accrued at emergence		(13)
Emergence and success fees paid at emergence		(9)
Write-off of deferred equity issuance costs		(3)
Net gain on reoganization adjustments		1,957
Cancellation of Predecessor Company equity		(3,628)
Net impact to Retained earnings (deficit)	[1]	$ (1,671)

[1] The net gain on reorganization adjustments has been included in Reorganization items, net in the Consolidated Statement of Operations.

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Note 25 - Fresh Start Accounting (Details) - Summary of Components of Inventory - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Sep. 03, 2013		Sep. 01, 2013	Aug. 31, 2013
Inventory [Line Items]
Finished goods	$ 177	$ 204
Work in process	65	73
Raw materials	72	72
Total	$ 314	$ 349
Successor [Member]
Inventory [Line Items]
Finished goods					$ 280
Work in process					120
Raw materials					102
Total			$ 502		$ 502
Predecessor [Member]
Inventory [Line Items]
Finished goods						$ 235
Work in process						99
Raw materials						101
Total			$ 435	[1]		$ 435

[1] On the Effective Date, Kodak completed the sale of substantially all of its assets constituting the Personalized Imaging and Document Imaging businesses to KPP Holdco Limited. This transaction has been reflected in the Predecessor Company period. Refer to Note 27, "Discontinued Operations" for additional information.

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Note 25 - Fresh Start Accounting (Details) - Components of Property, Plant and Equipment, Net - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Sep. 03, 2013		Sep. 01, 2013	Aug. 31, 2013
Property, Plant and Equipment [Line Items]
Land	$ 74	$ 100
Buildings and building improvements	171	176
Machinery and equipment	483	432
Construction in progress	28	47
Total	426	524
Successor [Member]
Property, Plant and Equipment [Line Items]
Land						$ 114
Buildings and building improvements						180
Machinery and equipment						402
Construction in progress						31
Total	$ 426	$ 524	$ 684	$ 727		$ 727
Predecessor [Member]
Property, Plant and Equipment [Line Items]
Land							$ 35
Buildings and building improvements							189
Machinery and equipment							252
Construction in progress							31
Total				$ 507	[1]		$ 507

[1] On the Effective Date, Kodak completed the sale of substantially all of its assets constituting the Personalized Imaging and Document Imaging businesses to KPP Holdco Limited. This transaction has been reflected in the Predecessor Company period. Refer to Note 27, "Discontinued Operations" for additional information.

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Note 25 - Fresh Start Accounting (Details) - Goodwill - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Sep. 03, 2013	Sep. 01, 2013
Goodwill [Line Items]
Reorganization value of Successor assets	$ 2,138	$ 2,556
Reorganization value of Successor assets in excess of fair value - Successor goodwill	$ 88	$ 96	$ 88
Successor [Member]
Goodwill [Line Items]
Reorganization value of Successor assets				$ 3,463	$ 3,463
Less: Fair value of Successor assets (excluding goodwill)					3,375
Reorganization value of Successor assets in excess of fair value - Successor goodwill				$ 88	$ 88

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Note 25 - Fresh Start Accounting (Details) - Cumulative Impact of Fresh Start Adjustments - USD ($) $ in Millions		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Sep. 03, 2013		Sep. 01, 2013	Aug. 31, 2013
Note 25 - Fresh Start Accounting (Details) - Cumulative Impact of Fresh Start Adjustments [Line Items]
Establishment of Successor goodwill		$ 88	$ 96	$ 88
Elimination of Predecessor goodwill		(88)	(96)	(88)
Establishment of Successor intangibles		158	182
Elimination of Predecessor intangibles		(158)	(182)
Inventory fair value adjustment		314	349
Property, plant & equipment fair value adjustment		426	524
Pension and other postretirement obligations fair value adjustment		(623)	(662)
Long-term debt fair value adjustment		(675)	(672)		$ (375)
Elimination of Predecessor accumulated other comprehensive loss		267	136
Net impact on Retained earnings (deficit)		(283)	(204)
Successor [Member]
Note 25 - Fresh Start Accounting (Details) - Cumulative Impact of Fresh Start Adjustments [Line Items]
Establishment of Successor goodwill					88		$ 88
Elimination of Predecessor goodwill					(88)		(88)
Establishment of Successor intangibles					235
Elimination of Predecessor intangibles					(235)
Inventory fair value adjustment					502		502
Property, plant & equipment fair value adjustment		$ 426	$ 524	$ 684	727		$ 727
Pension and other postretirement obligations fair value adjustment					(745)
Predecessor [Member]
Note 25 - Fresh Start Accounting (Details) - Cumulative Impact of Fresh Start Adjustments [Line Items]
Establishment of Successor goodwill	[1]				56
Elimination of Predecessor goodwill	[1]				(56)
Establishment of Successor intangibles	[1]				43
Elimination of Predecessor intangibles	[1]				(43)
Inventory fair value adjustment					435	[1]		$ 435
Property, plant & equipment fair value adjustment					507	[1]		$ 507
Pension and other postretirement obligations fair value adjustment	[1]				(411)
Elimination of Predecessor accumulated other comprehensive loss	[1]				1,008
Net impact on Retained earnings (deficit)	[1]				2,446
Fresh Start Adjustments [Member]
Note 25 - Fresh Start Accounting (Details) - Cumulative Impact of Fresh Start Adjustments [Line Items]
Establishment of Successor goodwill	[2]				32
Elimination of Predecessor goodwill	[2]				(32)
Establishment of Successor intangibles	[3]				192
Elimination of Predecessor intangibles	[3]				(192)
Inventory fair value adjustment	[4]				67
Property, plant & equipment fair value adjustment	[5]				220
Pension and other postretirement obligations fair value adjustment	[6]				(178)
Rights offering fair value adjustment					(73)
Long-term debt fair value adjustment					(11)
Other assets and liabilities fair value adjustments					53
Net gain on fresh start adjustments					302
Tax impact on fresh start adjustments					(69)
Elimination of Predecessor accumulated other comprehensive loss	[7]				(1,008)
Net impact on Retained earnings (deficit)	[7]				$ (775)

[1] On the Effective Date, Kodak completed the sale of substantially all of its assets constituting the Personalized Imaging and Document Imaging businesses to KPP Holdco Limited. This transaction has been reflected in the Predecessor Company period. Refer to Note 27, "Discontinued Operations" for additional information.

[2] This adjustment eliminated the Predecessor goodwill balance of $56 million and records Successor goodwill of $88 million, which represents the reorganizational value of assets in excess of amounts allocated to identified tangible and intangible assets, as follows:

[3] The net adjustment of $192 million reflects the write-off of existing intangibles of $43 million and an adjustment of $235 million to record the fair value of intangibles, determined as follows:a. Trade names of $54 million were valued using the income approach, specifically the relief from royalty method based on the following significant assumptions:i. Forecasted revenues attributable to the trade names ranging from September 1, 2013 to December 31, 2023, including a terminal year with growth rates ranging from 0% to 3%;ii. Royalty rates ranging from .5% to 1% of expected net sales determined with regard to comparable market transactions and profitability analysis;iii. Discount rates ranging from 27% to 32%, which were based on the after-tax weighted-average cost of capital; andiv. Kodak anticipates using its trade name for an indefinite period.b. Technology based intangibles of $131 million were valued using the income approach, specifically the relief from royalty method based on the following significant assumptions:i. Forecasted revenues attributable to the respective technologies for the period ranging from September 1, 2013 to December 31, 2025;ii. Royalty rates ranging from 1% to 16% determined with regard to comparable market transactions and cash flows of the respective technologies;iii. Discount rates ranging from 29% to 34%, based on the after-tax weighted-average cost of capital; andiv. Economic lives ranging from 4 to 12 years.c. Customer related intangibles of $39 million were valued using the income approach, specifically the multi-period excess earnings approach based on the following significant assumptions:i. Forecasted revenues and profit margins attributable to the current customer base for the period ranging from September 1, 2013 to December 31, 2024;ii. Attrition rates ranging from 2.5% to 20%;iii. Discount rates ranging from 29% to 38%, based on the after-tax weighted-average cost of capital; andiv. Economic lives ranging from 3 to 10 years.d. In-process research and development of $9 million was determined using the income approach, specifically the multi-period excess earnings method based on the following significant assumptions:i. Forecasted revenues attributable to the respective research and development projects for the period of September 1, 2013 to December 31, 2019;ii. Discount rate of 40% based on the after-tax weighted-average cost of capital adjusted for perceived risks inherent in the individual assets; andiii. Economic life of 6 years.e. In addition, the Company recorded the fair value of other intangibles of $2 million primarily related to favorable contracts and leasehold improvements that were favorable relative to available market terms.

[4] An adjustment of $67 million was recorded to increase the net book value of inventories to their estimated fair value, which was determined as follows: Fair value of finished goods inventory were determined based on the estimated selling price less costs to sell, including disposal and holding period costs, and a reasonable profit margin on the selling and disposal effort. Fair value of work-in-process was determined based on the estimated selling price once completed less total costs to complete the manufacturing effort, costs to sell, including disposal and holding period costs, and a reasonable profit on the remaining manufacturing, selling and disposal effort. Fair value of raw materials was determined based on current replacement costs.

[5] An adjustment of $220 million was recorded to increase the net book value of property, plant and equipment to estimated fair value. Fair value was determined as follows: The market, sales comparison or trended cost approach was utilized for land, buildings and building improvements. This approach relies upon recent sales, offerings of similar assets or a specific inflationary adjustment to original purchase price to arrive at a probable selling price. The cost approach was utilized for machinery and equipment. This approach considers the amount required to construct or purchase a new asset of equal utility at current prices, with adjustments in value for physical deterioration, and functional and economic obsolescence. Physical deterioration is an adjustment made in the cost approach to reflect the real operating age of an asset with regard to wear and tear, decay and deterioration that is not prevented by maintenance. Functional obsolescence is the loss in value or usefulness of an asset caused by inefficiencies or inadequacies of the asset, as compared to a more efficient or less costly replacement asset with newer technology. Economic obsolescence is the loss in value or usefulness of an asset due to factors external to the asset, such as the economics of the industry, reduced demand, increased competition or similar factors.The following table summarizes the components of property, plant and equipment, net as of August 31, 2013, and the fair value at September 1, 2013:

[6] Represents the revaluation of pension and other postretirement obligations. Refer to Note 16, "Retirement plans "and Note 17, "Other postretirement benefits" for additional information.

[7] Reflects the cumulative impact of fresh start adjustments as discussed above and the elimination of the Predecessor Company's accumulatedother comprehensive loss.

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Note 26 - Reorganization Items, Net (Details) $ in Millions	8 Months Ended
	Aug. 31, 2013 USD ($)
Liabilities Subject To Compromise [Member]
Note 26 - Reorganization Items, Net (Details) [Line Items]
Reorganization Items	$ 84

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Note 26 - Reorganization Items, Net (Details) - Reorganization Items, Net - USD ($) $ in Millions	1 Months Ended	4 Months Ended	8 Months Ended	12 Months Ended
	Aug. 31, 2013	Dec. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Note 26 - Reorganization Items, Net (Details) - Reorganization Items, Net [Line Items]
Provision for expected allowed claims	$ 27
Successor [Member]
Note 26 - Reorganization Items, Net (Details) - Reorganization Items, Net [Line Items]
Professional fees		$ 19		$ 1	$ 10
Provision for expected allowed claims		0		0	(1)
Net gain on reorganization adjustments		0		0	0
Net gain on fresh start adjustments		0		0	0
Other items, net		(3)		4	4
Reorganization items, net		16		5	13
Cash payments for reorganization items		$ 85		$ 9	$ 21
Predecessor [Member]
Note 26 - Reorganization Items, Net (Details) - Reorganization Items, Net [Line Items]
Professional fees			$ 114
Provision for expected allowed claims			133
Net gain on reorganization adjustments			(1,957)
Net gain on fresh start adjustments			(302)
Other items, net			(14)
Reorganization items, net			(2,026)
Cash payments for reorganization items			$ 210

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Note 27 - Discontinued Operations (Details) - USD ($) $ in Millions		1 Months Ended	2 Months Ended	8 Months Ended	12 Months Ended
	Sep. 03, 2013	Mar. 31, 2014	Aug. 31, 2013	Aug. 31, 2013	Dec. 31, 2015	Mar. 17, 2014
Note 27 - Discontinued Operations (Details) [Line Items]
Incremental Consideration on Sale of Business						$ 20
Payments of Incremental Consideration		$ 13
Predecessor [Member]
Note 27 - Discontinued Operations (Details) [Line Items]
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax			$ (163)
Interest Expense, Debt	$ 14
Predecessor [Member] | Repayment Subject to Certain Adjusted EBITDA [Member]
Note 27 - Discontinued Operations (Details) [Line Items]
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax			35
Personalized and Document Imaging Segment [Member]
Note 27 - Discontinued Operations (Details) [Line Items]
Disposal Group, Including Discontinued Operation, Consideration					$ 325
Discontinued Operation, Contingent Consideration					35
Personalized and Document Imaging Segment [Member] | Predecessor [Member]
Note 27 - Discontinued Operations (Details) [Line Items]
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax				$ (217)
Non-refundable Consideration [Member] | Predecessor [Member]
Note 27 - Discontinued Operations (Details) [Line Items]
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax			64
Unamortized Pension Losses [Member] | Predecessor [Member]
Note 27 - Discontinued Operations (Details) [Line Items]
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax			$ 1,500
Junior DIP Credit Agreement Term Loan [Member]
Note 27 - Discontinued Operations (Details) [Line Items]
Repayments of Debt	$ 200
Personalized and Document Imaging Segment [Member]
Note 27 - Discontinued Operations (Details) [Line Items]
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax					$ 5

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Note 27 - Discontinued Operations (Details) - Major Classes of Assets and Liabilities Related to the Disposition - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Note 27 - Discontinued Operations (Details) - Major Classes of Assets and Liabilities Related to the Disposition [Line Items]
Current assets held for sale	$ 2	$ 14
Personalized and Document Imaging Segment [Member]
Note 27 - Discontinued Operations (Details) - Major Classes of Assets and Liabilities Related to the Disposition [Line Items]
Inventories, net		2
Property, plant and equipment, net		4
Other assets		6
Current assets held for sale		12
Trade payables		1
Current liabilities held for sale		$ 1

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Note 27 - Discontinued Operations (Details) - Components of Revenues, Earnings (Loss) From Discontinued Operations, Net of Income Taxes, and Gain on Sale - USD ($) $ in Millions	2 Months Ended	3 Months Ended																8 Months Ended	12 Months Ended
	Aug. 31, 2013	Dec. 31, 2015	[1]	Sep. 30, 2015	[1]	Jun. 30, 2015	[1]	Mar. 31, 2015	[1]	Dec. 31, 2014	[1]	Sep. 30, 2014	[1]	Jun. 30, 2014	[1]	Mar. 31, 2014	[1]	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Successor [Member]
Note 27 - Discontinued Operations (Details) - Components of Revenues, Earnings (Loss) From Discontinued Operations, Net of Income Taxes, and Gain on Sale [Line Items]
Total revenues from discontinued operations																			$ 1	$ 61	$ 78
(Provision) benefit for income taxes related to discontinued operations																			(3)	(5)	(2)
Earnings (loss) from discontinued operations, net of income taxes		$ 0		$ (8)		$ 0		$ 0		$ (1)		$ (12)		$ (2)		$ 19			(8)	4	4
Successor [Member] | Personalized and Document Imaging Segment [Member]
Note 27 - Discontinued Operations (Details) - Components of Revenues, Earnings (Loss) From Discontinued Operations, Net of Income Taxes, and Gain on Sale [Line Items]
Total revenues from discontinued operations																			1	61	77
Pre-tax (loss) income from discontinued operations																			$ (5)	$ 9	5
Successor [Member] | Other Discontinued Operations [Member]
Note 27 - Discontinued Operations (Details) - Components of Revenues, Earnings (Loss) From Discontinued Operations, Net of Income Taxes, and Gain on Sale [Line Items]
Total revenues from discontinued operations																					1
Pre-tax (loss) income from discontinued operations																					$ 1
Predecessor [Member]
Note 27 - Discontinued Operations (Details) - Components of Revenues, Earnings (Loss) From Discontinued Operations, Net of Income Taxes, and Gain on Sale [Line Items]
Total revenues from discontinued operations																		$ 761
Pre-tax (loss) income from discontinued operations	$ (163)
(Provision) benefit for income taxes related to discontinued operations																		96
Earnings (loss) from discontinued operations, net of income taxes																		(135)
Predecessor [Member] | Personalized and Document Imaging Segment [Member]
Note 27 - Discontinued Operations (Details) - Components of Revenues, Earnings (Loss) From Discontinued Operations, Net of Income Taxes, and Gain on Sale [Line Items]
Total revenues from discontinued operations																		738
Pre-tax (loss) income from discontinued operations																		(217)
Predecessor [Member] | Other Discontinued Operations [Member]
Note 27 - Discontinued Operations (Details) - Components of Revenues, Earnings (Loss) From Discontinued Operations, Net of Income Taxes, and Gain on Sale [Line Items]
Total revenues from discontinued operations																		23
Pre-tax (loss) income from discontinued operations																		$ (14)

[1] Refer to Note 27, "Discontinued Operations", in the Notes to Financial Statements for a discussion regarding discontinued operations.

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Note 28 - Quarterly Sales and Earnings Data (Unaudited) (Details) - USD ($) $ in Millions	3 Months Ended				12 Months Ended
	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2015	Dec. 31, 2014
Note 28 - Quarterly Sales and Earnings Data (Unaudited) (Details) [Line Items]
Licenses Revenue				$ 51
Increase Decrease in Earnings from Continuing Operations	$ 17		$ (16)
Foreign Currency Transaction Gain (Loss), before Tax		$ (2)	$ (16)		$ (2)	$ (16)
	$ 17
Licensing Revenue [Member]
Note 28 - Quarterly Sales and Earnings Data (Unaudited) (Details) [Line Items]
Increase Decrease in Earnings from Continuing Operations				$ 51

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Note 28 - Quarterly Sales and Earnings Data (Unaudited) (Details) - Quarterly Sales and Earnings Data Ending 2015 - Successor [Member] - USD ($) $ / shares in Units, $ in Millions	3 Months Ended																4 Months Ended	12 Months Ended
	Dec. 31, 2015		Sep. 30, 2015		Jun. 30, 2015		Mar. 31, 2015		Dec. 31, 2014		Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
2015
Net revenues from continuing operations	$ 467		$ 446		$ 458		$ 427		$ 532		$ 568		$ 528		$ 488
Gross profit from continuing operations	119		99		86		77		109		156		102		89		$ 120	$ 381	$ 456
Earnings (loss) from continuing operations	23	[1]	(13)		(23)		(54)		(40)	[2]	31	[3]	(60)		(53)
(Loss) earnings from discontinued operations (4)	0	[4]	(8)	[4]	0	[4]	0	[4]	(1)	[4]	(12)	[4]	(2)	[4]	19	[4]		(8)	4	$ 4
Net earnings (loss) attributable to Eastman Kodak Company	$ 24		$ (22)		$ (24)		$ (58)		$ (42)		$ 17		$ (62)		$ (36)		$ (81)	$ (80)	$ (123)
Basic and diluted net earnings (loss) per share attributable to Eastman Kodak Company
Continuing operations (in Dollars per share)	$ 0.57		$ (0.34)		$ (0.57)		$ (1.38)
Discontinued operations (in Dollars per share)	0		(0.19)		0		0
Total (in Dollars per share)	$ 0.57		$ (0.53)		$ (0.57)		$ (1.38)

[1] Includes $17 million pre-tax benefit from the change in U.S. vacation benefits, which increased net earnings from continuing operations by $17 million.

[2] Includes pre-tax charge of $16 million from the remeasurement of the Venezuelan subsidiary monetary assets and liabilities, which decreased net earnings from continuing operations by $16 million.

[3] Includes pre-tax licensing revenue of $51 million which increased net earnings from continuing operations by $51 million.

[4] Refer to Note 27, "Discontinued Operations", in the Notes to Financial Statements for a discussion regarding discontinued operations.

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Note 28 - Quarterly Sales and Earnings Data (Unaudited) (Details) - Quarterly Sales and Earnings Data Ending 2014 - Successor [Member] - USD ($) $ / shares in Units, $ in Millions	3 Months Ended																4 Months Ended	12 Months Ended
	Dec. 31, 2015		Sep. 30, 2015		Jun. 30, 2015		Mar. 31, 2015		Dec. 31, 2014		Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
2014
Net revenues from continuing operations (in Dollars)	$ 467		$ 446		$ 458		$ 427		$ 532		$ 568		$ 528		$ 488
Gross profit from continuing operations (in Dollars)	119		99		86		77		109		156		102		89		$ 120	$ 381	$ 456
(Loss) earnings from continuing operations (in Dollars)	23	[1]	(13)		(23)		(54)		(40)	[2]	31	[3]	(60)		(53)
(Loss) earnings from discontinued operations (4) (in Dollars)	0	[4]	(8)	[4]	0	[4]	0	[4]	(1)	[4]	(12)	[4]	(2)	[4]	19	[4]		(8)	4	$ 4
Net (loss) earnings attributable to Eastman Kodak Company (in Dollars)	$ 24		$ (22)		$ (24)		$ (58)		$ (42)		$ 17		$ (62)		$ (36)		$ (81)	$ (80)	$ (123)
Basic net (loss) earnings per share attributable to Eastman Kodak Company
Continuing operations									$ (0.98)		$ 0.70		$ (1.44)		$ (1.32)
Discontinued operations									(0.02)		(0.29)		(0.05)		0.46
Total									(1.00)		0.41		(1.49)		(0.86)
Diluted net (loss) earnings per share attributable to Eastman Kodak Company
Continuing operations									(0.98)		0.67		(1.44)		(1.32)		$ (2.04)	$ (1.72)	$ (3.05)
Discontinued operations									(0.02)		(0.28)		(0.05)		0.46
Total									$ (1.00)		$ 0.39		$ (1.49)		$ (0.86)		$ (1.94)	$ (1.91)	$ (2.95)

[1] Includes $17 million pre-tax benefit from the change in U.S. vacation benefits, which increased net earnings from continuing operations by $17 million.

[2] Includes pre-tax charge of $16 million from the remeasurement of the Venezuelan subsidiary monetary assets and liabilities, which decreased net earnings from continuing operations by $16 million.

[3] Includes pre-tax licensing revenue of $51 million which increased net earnings from continuing operations by $51 million.

[4] Refer to Note 27, "Discontinued Operations", in the Notes to Financial Statements for a discussion regarding discontinued operations.

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Schedule II - Valuation and Qualifying Accounts (Details) - Valuation and Qualifying Accounts - USD ($) $ in Millions	8 Months Ended	12 Months Ended
	Aug. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Successor [Member] | Allowance for Doubtful Accounts, Current [Member]
Valuation Allowance [Line Items]
Beginning Balance		$ 11	$ 6
Additions		4	5	$ 6
Net Deductions and Other		5
Ending Balance		10	11	6
Successor [Member] | Valuation Allowance of Deferred Tax Assets [Member]
Valuation Allowance [Line Items]
Beginning Balance	$ 1,273	1,127	953	1,273
Additions		182	257	157
Net Deductions and Other		108	83	477
Ending Balance		$ 1,201	$ 1,127	953
Predecessor [Member] | Allowance for Doubtful Accounts, Current [Member]
Valuation Allowance [Line Items]
Beginning Balance	30			30
Net Deductions and Other	8
Ending Balance	22
Predecessor [Member] | Valuation Allowance of Deferred Tax Assets [Member]
Valuation Allowance [Line Items]
Beginning Balance	2,838			$ 2,838
Additions	180
Net Deductions and Other	1,745
Ending Balance	$ 1,273