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Note 28: Quarterly Sales And Earnings Data - Unaudited | 12 Months Ended
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Dec. 31, 2012
Quarterly Financial Information [Text Block] | NOTE 28: QUARTERLY SALES AND EARNINGS DATA – UNAUDITED
(in millions, except per share data) |  | 4th Qtr. |  |  | 3rd Qtr. |  |  | 2nd Qtr. |  |  | 1st Qtr. |
2012 |  |  |  |  |  |  |  |  |  |  |  |
Net sales from continuing operations |  | $ | 1,120 |  |  | $ | 1,018 |  |  | $ | 1,048 |  |  | $ | 928 |
Gross profit from continuing operations |  |  | 188 |  |  |  | 159 |  |  |  | 182 |  |  |  | 62 |
Loss from continuing operations |  |  | (400 | )(4) |  |  | (307 | )(3) |  |  | (290 | )(2) |  |  | (306 | )(1)
Loss from discontinued operations (9) |  |  | (2 | ) |  |  | (4 | ) |  |  | (9 | ) |  |  | (61 | )
Net loss attributable to Eastman Kodak Company |  |  | (402 | ) |  |  | (311 | ) |  |  | (299 | ) |  |  | (367 | )
Basic and diluted net loss per share attributable to Eastman Kodak Company common shareholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | (1.47 | ) |  | $ | (1.13 | ) |  | $ | (1.07 | ) |  | $ | (1.13 | )
Discontinued operations |  |  | (0.01 | ) |  |  | (0.02 | ) |  |  | (0.03 | ) |  |  | (0.22 | )
Total |  | $ | (1.48 | ) |  | $ | (1.15 | ) |  | $ | (1.10 | ) |  | $ | (1.35 | )
2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales from continuing operations |  | $ | 1,471 |  |  | $ | 1,261 |  |  | $ | 1,266 |  |  | $ | 1,150 |
Gross profit from continuing operations |  |  | 316 |  |  |  | 180 |  |  |  | 177 |  |  |  | 125 |
Loss from continuing operations |  |  | (118 | )(8) |  |  | (213 | )(7) |  |  | (159 | )(6) |  |  | (217 | )(5)
Loss from discontinued operations (9) |  |  | - |  |  |  | (8 | ) |  |  | (20 | ) |  |  | (29 | )
Net loss attributable to Eastman Kodak Company |  |  | (118 | ) |  |  | (221 | ) |  |  | (179 | ) |  |  | (246 | )
Basic and diluted net loss per share attributable to Eastman Kodak Company common shareholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | (0.44 | ) |  | $ | (0.79 | ) |  | $ | (0.59 | ) |  | $ | (0.81 | )
Discontinued operations |  |  | - |  |  |  | (0.03 | ) |  |  | (0.08 | ) |  |  | (0.10 | )
Total |  | $ | (0.44 | ) |  | $ | (0.82 | ) |  | $ | (0.67 | ) |  | $ | (0.91 | )
(1) | Includes pre-tax restructuring charges of $81 million ($1 million included in Cost of sales and $80 million included in Restructuring costs and other), which decreased net earnings from continuing operations by $78 million; corporate components of pension and OPEB costs of $30 million (included in Cost of sales, SG&A, and R&D), which decreased net earnings from continuing operations by $26 million; and $88 million of Reorganization items, net.
(2) | Includes pre-tax restructuring charges of $11 million ($2 million included in Cost of sales and $9 million included in Restructuring costs and other), which decreased net earnings from continuing operations by $10 million; corporate components of pension and OPEB costs of $35 million (included in Cost of sales, SG&A, and R&D), which decreased net earnings from continuing operations by $32 million; and $160 million of Reorganization items, net.
(3) | Includes pre-tax restructuring charges of $126 million ($9 million included in Cost of sales and $117 million included in Restructuring costs and other), which decreased net earnings from continuing operations by $119 million; corporate components of pension and OPEB costs of $35 million (included in Cost of sales, SG&A, and R&D), which decreased net earnings from continuing operations by $28 million; and $56 million of Reorganization items, net.
(4) | Includes pre-tax restructuring charges of $27 million ($5 million included in Cost of sales and $22 million included in Restructuring costs and other), which decreased net earnings from continuing operations by $30 million; corporate components of pension and OPEB costs of $23 million (included in Cost of sales, SG&A, and R&D), which decreased net earnings from continuing operations by $18 million; and $539 million of Reorganization items, net.
(5) | Includes pre-tax restructuring charges of $33 million ($2 million included in Cost of sales and $31 million included in Restructuring costs and other), which decreased net earnings from continuing operations by $32 million; and corporate components of pension and OPEB costs of $8 million (included in Cost of sales, SG&A, and R&D), which decreased net earnings from continuing operations by $6 million.
(6) | Includes pre-tax restructuring charges of $35 million ($7 million included in Cost of sales and $28 million included in Restructuring costs and other), which decreased net earnings from continuing operations by $32 million; and corporate components of pension and OPEB costs of $4 million (included in Cost of sales, SG&A, and R&D), which decreased net earnings from continuing operations by $2 million.
(7) | Includes pre-tax restructuring charges of $18 million ($1 million included in Cost of sales and $17 million included in Restructuring costs and other), which decreased net earnings from continuing operations by $18 million; corporate components of pension and OPEB costs of $13 million (included in Cost of sales, SG&A, and R&D), which decreased net earnings from continuing operations by $9 million; and a pre-tax impairment charge of $8 million (included in Other operating expenses (income), net), which decreased net earnings from continuing operations by $8 million.
(8) | Includes pre-tax restructuring charges of $44 million ($2 million included in Cost of sales and $42 million included in Restructuring costs and other), which decreased net earnings from continuing operations by $42 million; corporate components of pension and OPEB costs of $4 million (included in Cost of sales, SG&A, and R&D), which decreased net earnings from continuing operations by $1 million.
(9) | Refer to Note 25, “Discontinued Operations,” in the Notes to Financial Statements for a discussion regarding loss from discontinued operations.
Corporate components of pension and OPEB include interest cost, expected return on plan assets, amortization of actuarial gains and losses, and special termination benefits, curtailments and settlement components of pension and other postretirement benefit expenses, except for settlements in connection with the chapter 11 bankruptcy proceedings that are recorded in Reorganization items, net in the Consolidated Statement of Operations. Changes in Estimates Recorded During the Fourth Quarter Ended December 31, 2012 During the fourth quarter ended December 31, 2012, Kodak recorded an increase of expense of approximately $35 million, net of tax, related to changes in estimates with respect to certain of its employee benefit and compensation accruals. These changes in estimates negatively impacted results for the quarter by $.13 per share.
|  | 2012 |  |  | 2011 |  |  | 2010 |  |  | 2009 |  |  | 2008 |
Net sales from continuing operations (7) |  | $ | 4,114 |  |  | $ | 5,148 |  |  | $ | 5,993 |  |  | $ | 6,248 |  |  | $ | 7,535 |
Loss from continuing operations before interest expense, other income (charges), net, reorganization items, net, and income taxes |  |  | (573 | ) |  |  | (540 | ) |  |  | (198 | ) |  |  | 86 |  |  |  | (686 | )
(Loss) earnings from: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  |  | (1,303 | )(1) |  |  | (707 | )(2) |  |  | (535 | )(3) |  |  | (116 | )(4) |  |  | (574 | )
Discontinued operations |  |  | (76 | )(6) |  |  | (57 | )(6) |  |  | (152 | )(6) |  |  | (99 | ) |  |  | 132 |
Extraordinary item, net of tax |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 6 |  |  |  | - |
Net Loss |  |  | (1,379 | ) |  |  | (764 | ) |  |  | (687 | ) |  |  | (209 | ) |  |  | (442 | )
Less: Net earnings attributable to noncontrolling interests |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1 | ) |  |  | - |
Net Loss Attributable to Eastman Kodak Company |  |  | (1,379 | ) |  |  | (764 | ) |  |  | (687 | ) |  |  | (210 | ) |  |  | (442 | )
Earnings and Dividends |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Loss) earnings from continuing operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- % of net sales from continuing operations |  |  | -31.7 | % |  |  | -13.7 | % |  |  | -8.9 | % |  |  | -1.9 | % |  |  | -7.6 | %
Net (loss) earnings |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- % return on average equity |  |  | -45.8 | % |  |  | -44.6 | % |  |  | -124.0 | % |  |  | -41.2 | % |  |  | -21.7 | %
Basic and diluted (loss) earnings per share attributable to Eastman Kodak Company common shareholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  |  | (4.79 | ) |  |  | (2.63 | ) |  |  | (1.99 | ) |  |  | (0.43 | ) |  |  | (2.04 | )
Discontinued operations |  |  | (0.28 | ) |  |  | (0.21 | ) |  |  | (0.57 | ) |  |  | (0.37 | ) |  |  | 0.47 |
Extraordinary item, net of tax |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 0.02 |  |  |  | - |
Total |  |  | (5.07 | ) |  |  | (2.84 | ) |  |  | (2.56 | ) |  |  | (0.78 | ) |  |  | (1.57 | )
Cash dividends declared and paid |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- on common shares |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 139 |
- per comon share |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 0.50 |
Weighted average common shares outstanding at year end |  |  | 271.8 |  |  |  | 269.1 |  |  |  | 268.5 |  |  |  | 268.0 |  |  |  | 281.8 |
Shareholders at year end |  |  | 48,656 |  |  |  | 49,760 |  |  |  | 51,802 |  |  |  | 54,078 |  |  |  | 56,115 |
Statement of Financial Position Data |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Working capital |  |  | 474 |  |  |  | 577 |  |  |  | 966 |  |  |  | 1,407 |  |  |  | 1,566 |
Property, plant and equipment, net |  |  | 693 |  |  |  | 895 |  |  |  | 1,037 |  |  |  | 1,254 |  |  |  | 1,551 |
Total assets |  |  | 4,286 |  |  |  | 4,678 |  |  |  | 6,226 |  |  |  | 7,682 |  |  |  | 9,179 |
Short-term borrowings and current portion of long-term debt |  |  | 699 |  |  |  | 152 |  |  |  | 50 |  |  |  | 62 |  |  |  | 51 |
Long-term debt, net of current portion |  |  | 740 |  |  |  | 1,363 |  |  |  | 1,195 |  |  |  | 1,129 |  |  |  | 1,252 |
|  | 2012 |  |  | 2011 |  |  | 2010 |  |  | 2009 |  |  | 2008 |
Supplemental Information |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales from continuing operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Graphics, Entertainment and Commercial Films |  | $ | 1,742 |  |  | $ | 2,251 |  |  | $ | 2,407 |  |  | $ | 2,782 |  |  | $ | 3,508 |
Digital Printing and Enterprise |  |  | 940 |  |  |  | 1,098 |  |  |  | 950 |  |  |  | 854 |  |  |  | 886 |
Personalized and Document Imaging |  |  | 1,432 |  |  |  | 1,799 |  |  |  | 2,636 |  |  |  | 2,607 |  |  |  | 3,134 |
All Other |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 5 |  |  |  | 7 |
Research and development costs |  |  | 207 |  |  |  | 235 |  |  |  | 249 |  |  |  | 280 |  |  |  | 383 |
Depreciation |  |  | 218 |  |  |  | 253 |  |  |  | 318 |  |  |  | 354 |  |  |  | 420 |
Taxes (excludes payroll, sales and excise taxes) |  |  | (229 | ) |  |  | 38 |  |  |  | 142 |  |  |  | 145 |  |  |  | (121 | )
Wages, salaries and employee benefits |  |  | 1,465 |  |  |  | 1,578 |  |  |  | 1,572 |  |  |  | 1,732 |  |  |  | 2,141 |
Employees as of year end |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- in the U.S. |  |  | 5,980 |  |  |  | 8,350 |  |  |  | 9,600 |  |  |  | 10,630 |  |  |  | 12,800 |
- worldwide |  |  | 13,100 |  |  |  | 17,100 |  |  |  | 18,800 |  |  |  | 20,250 |  |  |  | 24,400 |
* Historical results are not indicative of future results.
| (1) | Includes impairment charges of $2 million; pre-tax restructuring charges of $245 million; $843 million in pre-tax reorganization items, net; $62 million of income related to gains on assets sales; $35 million associated with the termination of a supply agreement; corporate components of pension and OPEB costs of $122 million; $4 million of income related to reversals of value-added tax reserves; and a net benefit of $320 million related to of discrete tax items. These items increased net loss from continuing operations by $912 million.
| (2) | Includes pre-tax goodwill and other impairment charges of $13 million; pre-tax restructuring charges of $130 million; $78 million of income related to gains and assets sales; corporate components of pension costs of $28 million; $3 million of income related to reversals of value-added tax reserves; and a net benefit of $38 million related to discrete tax items. These items increased net loss from continuing operations by $31 million.
| (3) | Includes a pre-tax goodwill impairment charge of $626 million; pre-tax restructuring charges of $77 million; a $102 million loss on early extinguishment of debt; $8 million of income related to gains on assets sales; $19 million of income related to legal contingencies and settlements; $6 million of charges related to foreign contingencies; and a net benefit of $109 million related to discrete tax items. These items increased net loss from continuing operations by $698 million.
| (4) | Includes pre-tax restructuring and rationalization charges of $245 million; a $5 million charge related to a legal settlement; $100 million of income related to gains on asset sales; $7 million of income related to the reversal of negative goodwill; $10 million of income related to reversals of value-added tax reserves; and a $6 million asset impairment charge. These items increased net loss from continuing operations by $131 million.
| (5) | Includes a pre-tax goodwill impairment charge of $785 million; pre-tax restructuring and rationalization charges of $149 million, net of reversals; $22 million of income related to gains on sales of assets and businesses; $3 million of charges related to asset impairments; $41 million of charges for legal contingencies and settlements; $10 million of charges for support of an educational institution; $94 million of income related to postemployment benefit plans; $3 million of income for a foreign export contingency; $270 million of income related to an IRS refund; and charges of $27 million related to discrete tax items. These items increased net loss from continuing operations by $611 million.
| (6) | Refer to Note 25, “Discontinued Operations” in the Notes to Financial Statements for a discussion regarding the earnings from discontinued operations.
| (7) | Includes revenues from non-recurring intellectual property licensing agreements of $(61) million in 2012, $82 million in 2011, $838 million in 2010, $435 million in 2009, and $227 million in 2008.
Corporate components of pension and OPEB include interest cost, expected return on plan assets, amortization of actuarial gains and losses, and special termination benefits, curtailments and settlement components of pension and other postretirement benefit expenses, except for settlements in connection with the chapter 11 bankruptcy proceedings that are recorded in Reorganization items, net in the Consolidated Statement of Operations.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=20225539&loc=d3e1280-108306 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 30 -Subparagraph a-j -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 23, 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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