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

12 Months Ended

Dec. 31, 2018

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)	2018			2017
Land	$	70		$	79
Buildings and building improvements		171			168
Machinery and equipment		417			414
Construction in progress		10			17
		668			678
Accumulated depreciation		(422	)		(384	)
Property, plant and equipment, net	$	246		$	294

Depreciation expense was $59 million and $60 million for the years ended December 31, 2018 and 2017, respectively.

During the first quarter of 2017, Kodak recorded a pre-tax charge of $8 million to adjust the Prosper fixed asset carrying value to the amount that would have been recorded had the Prosper fixed assets been continuously classified as held and used. Refer to Note 15, “Other Operating Expense (Income), net”.  

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

	As of December 31,
(in millions)	2018			2017
Equipment subject to operating leases	$	34		$	40
Accumulated depreciation		(19	)		(18	)
Equipment subject to operating leases, net	$	15		$	22

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