Note 5 - Intangible Assets

6 Months Ended

Jun. 30, 2017

Intangible Assets Disclosure [Text Block]

NOTE 5: INTANGIBLE ASSETS

The gross carrying amount and accumulated amortization by major asset category as of June 30, 2017 and December 31, 2016 were as follows:

	June 30, 2017
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net		Weighted-Average Amortization Period
Technology-based	$	122	$	70	$	52	6 years
Kodak trade name		40		-		40	Indefinite life
Customer-related		26		12		14	6 years
Other		2		-		2	21 years
Total	$	190	$	82	$	108

	December 31, 2016
(in millions)	Gross Carrying Amount		Accumulated Amortization		Net		Weighted-Average Amortization Period
Technology-based	$	122	$	57	$	65	6 years
Kodak trade name		40		-		40	Indefinite life
Customer-related		26		12		14	6 years
Other		2		-		2	21 years
Total	$	190	$	69	$	121

Amortization expense related to intangible assets was $5 million for both the three months ended June 30, 2017 and 2016 and $9 million and $10 million for the six months ended June 30, 2017 and 2016, respectively.

During the first quarter of 2017, Kodak recorded $4 million to adjust the Prosper intangible asset carrying value to the amount that would have been recorded had the Prosper intangible assets been continuously classified as held and used. Refer to Note 10, “Other Operating Expense (Income), net and Note 21, “Discontinued Operations”.

Estimated future amortization expense related to intangible assets that are currently being amortized as of June 30, 2017, is as follows:

(in millions)
Q3-Q4 2017	$	10
2018		16
2019		9
2020		8
2021		7
2022 and thereafter		18
Total	$	68