XML 111 R36.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Note 27 - Quarterly Sales and Earnings Data - Unaudited | 12 Months Ended
--- | ---
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Information [Text Block] | NOTE 27: QUARTERLY SALES AND EARNINGS DATA – UNAUDITED
|  | Successor |  |  |  |  |  | Predecessor |  |  |  |
(in millions, except per share data) |  | 4th Qtr. |  |  |  |  |  | September 1, 2013 through September 30, 2013 |  |  |  |  |  | July 1, 2013 through August 31, 2013 |  |  |  |  |  | 2nd Qtr. |  |  |  |  |  | 1st Qtr. |  |  |  |
2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales from continuing operations |  | $ | 607 |  |  |  |  |  | $ | 198 |  |  |  |  |  | $ | 365 |  |  |  |  |  | $ | 583 |  |  |  |  |  | $ | 594 |  |  |  |
Gross profit from continuing operations |  |  | 96 |  |  |  |  |  |  | 22 |  |  |  |  |  |  | 85 |  |  |  |  |  |  | 133 |  |  |  |  |  |  | 150 |  |  |  |
(Loss) earnings from continuing operations |  |  | (51 | ) |  |  | (5 | ) |  |  | (31 | ) |  |  | (4 | ) |  |  | 2,085 |  |  |  | (3 | ) |  |  | (208 | ) |  |  | (2 | ) |  |  | 324 |  |  |  | (1 | )
Loss (earnings) from discontinued operations (10) |  |  | (6 | ) |  |  |  |  |  |  | 10 |  |  |  |  |  |  |  | (78 | ) |  |  |  |  |  |  | (16 | ) |  |  |  |  |  |  | (41 | ) |  |  |  |
Net (loss) earnings attributable to Eastman Kodak Company |  |  | (63 | ) |  |  |  |  |  |  | (18 | ) |  |  |  |  |  |  | 2,007 |  |  |  |  |  |  |  | (224 | ) |  |  |  |  |  |  | 283 |  |  |  |  |
Basic and diluted net (loss) earnings per share attributable to Eastman Kodak Company common shareholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | (1.37 | ) |  |  |  |  |  | $ | (0.67 | ) |  |  |  |  |  | $ | 7.65 |  |  |  |  |  |  | $ | (0.76 | ) |  |  |  |  |  | $ | 1.19 |  |  |  |  |
Discontinued operations |  |  | (0.14 | ) |  |  |  |  |  |  | 0.24 |  |  |  |  |  |  |  | (0.29 | ) |  |  |  |  |  |  | (0.06 | ) |  |  |  |  |  |  | (0.15 | ) |  |  |  |
Total |  | $ | (1.51 | ) |  |  |  |  |  | $ | (0.43 | ) |  |  |  |  |  | $ | 7.36 |  |  |  |  |  |  | $ | (0.82 | ) |  |  |  |  |  | $ | 1.04 |  |  |  |  |
|  | Predecessor |  |  |  |
|  | 4th Qtr. |  |  |  |  |  | 3rd Qtr. |  |  |  |  |  | 2nd Qtr. |  |  |  |  |  | 1st Qtr. |  |  |  |
2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales from continuing operations |  | $ | 739 |  |  |  |  |  | $ | 660 |  |  |  |  |  | $ | 699 |  |  |  |  |  | $ | 621 |  |  |  |
Gross profit from continuing operations |  |  | 103 |  |  |  |  |  |  | 75 |  |  |  |  |  |  | 101 |  |  |  |  |  |  | 14 |  |  |  |
Loss from continuing operations |  |  | (420 | ) |  |  | (9 | ) |  |  | (322 | ) |  |  | (8 | ) |  |  | (297 | ) |  |  | (7 | ) |  |  | (298 | ) |  |  | (6 | )
Earnings (loss) from discontinued operations (10) |  |  | 18 |  |  |  |  |  |  |  | 10 |  |  |  |  |  |  |  | (2 | ) |  |  |  |  |  |  | (68 | ) |  |  |  |
Net loss attributable to Eastman Kodak Company |  |  | (402 | ) |  |  |  |  |  |  | (312 | ) |  |  |  |  |  |  | (299 | ) |  |  |  |  |  |  | (366 | ) |  |  |  |
Basic and diluted net (loss) earnings per share attributable to Eastman Kodak Company common shareholders: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | (1.54 | ) |  |  |  |  |  | $ | (1.19 | ) |  |  |  |  |  | $ | (1.09 | ) |  |  |  |  |  | $ | (1.10 | ) |  |  |  |
Discontinued operations |  |  | 0.07 |  |  |  |  |  |  |  | 0.04 |  |  |  |  |  |  |  | (0.01 | ) |  |  |  |  |  |  | (0.25 | ) |  |  |  |
Total |  | $ | (1.47 | ) |  |  |  |  |  | $ | (1.15 | ) |  |  |  |  |  | $ | (1.10 | ) |  |  |  |  |  | $ | (1.35 | ) |  |  |  |
(1) | Includes pre-tax licensing revenue of $535 million which increased net earnings from continuing operations by $530 million ; restructuring charges of $13 million ($2 million included in Cost of sales and $11 million included in Restructuring costs and other), which decreased net earnings from continuing operations by $13 million; corporate components of pension and OPEB costs of $12 million (included in Cost of sales, SG&A, and R&D), which increased net earnings from continuing operations by $14 million; a pre-tax impairment charge of $77 million (included in Other operating expenses (income), net), which decreased net earnings from continuing operations by $55 million, gain on sales of assets of $34 million which increased net earnings from continuing operations by $28 million and $119 million of Reorganization items, net.
(2) | Includes pre-tax restructuring charges of $33 million ($4 million included in Cost of sales and $29 million included in Restructuring costs and other), which decreased net earnings from continuing operations by $31 million; corporate components of pension and OPEB costs of $14 million (included in Cost of sales, SG&A, and R&D), which increased net earnings from continuing operations by $14 million; and $72 million of Reorganization items, net.
(3) | Includes pre-tax corporate components of pension and OPEB costs of $16 million (included in Cost of sales, SG&A, and R&D), which increased net earnings from continuing operations by $16 million; and $2,217 million of income from Reorganization items, net.
(4) | Includes pre-tax corporate components of pension and OPEB costs of $13 million (included in Cost of sales, SG&A, and R&D), which increased net earnings from continuing operations by $13 million; and $5 million of Reorganization items, net.
(5) | Includes pre-tax restructuring charges of $13 million included in Restructuring costs and other which decreased net earnings by $12 million; pre-tax impairment charges of $8 million included in Other operating (expense) income which decreased net earnings by $8 million, corporate components of pension and OPEB costs of $54 million (included in Cost of sales, SG&A, and R&D), which increased net earnings from continuing operations by $54 million, gain on sales of assets of $6 million which increased net earnings from continuing operations by $5 million and $10 million of Reorganization items, net.
(6) | 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 $77 million and $88 million of Reorganization items, net.
(7) | Includes pre-tax restructuring charges of $6 million ($2 million included in Cost of sales and $4 million included in Restructuring costs and other), which decreased net earnings from continuing operations by $6 million; corporate components of pension and OPEB costs of $5 million (included in Cost of sales, SG&A, and R&D) which decreased net earnings from continuing operations by $3 million and $160 million of Reorganization items, net.
(8) | Includes pre-tax restructuring charges of $120 million ($9 million included in Cost of sales and $111 million included in Restructuring costs and other), which decreased net earnings from continuing operations by $113 million; corporate components of pension and OPEB costs of $6 million (included in Cost of sales, SG&A, and R&D) which decreased net earnings from continuing operations by $3 million and $56 million of Reorganization items, net.
(9) | Includes pre-tax restructuring charges of $25 million ($5 million included in Cost of sales and $20 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 $8 million (included in Cost of sales, SG&A, and R&D), which increased net earnings from continuing operations by $9 million, $35 million associated with the termination of a supply agreement which increased net earnings from continuing operations by $35 million, gain on sale of assets of $50 million which increased net earnings from continuing operations by $33 million and $539 million of Reorganization items, net.
(10) | Refer to Note 26, “Discontinued Operations,” in the Notes to Financial Statements for a discussion regarding discontinued operations.
Corporate components of pension and OPEB include interest cost, expected return on plan assets, amortization of actuarial gains and losses, amortization of prior service credits related to the U.S. Postretirement Benefit Plan 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 and curtailments and settlements included in Earnings (loss) from discontinued operations, net of income taxes 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.

X
- Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: 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 3: 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=25249566&loc=d3e1280-108306 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration