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Note 8 - Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets Disclosure [Text Block] | NOTE 8: GOODWILL AND OTHER INTANGIBLE ASSETS The following table presents the changes in the carrying value of goodwill by reportable segment:
(in millions) |  | Graphics, Entertainment and Commercial Films Segment |  |  | Digital Printing and Enterprise Segment |  |  | Consolidated Total |
Balance as of December 31, 2011 and 2012 (Predecessor): |  | $ | 115 |  |  | $ | 17 |  |  | $ | 132 |
Impairment |  |  | (77 | ) |  |  | - |  |  |  | (77 | )
Currency translation adjustments |  |  | 1 |  |  |  | - |  |  |  | 1 |
Balance as of August 31, 2013 (Predecessor): |  | $ | 39 |  |  | $ | 17 |  |  | $ | 56 |
Impact of fresh start accounting |  | $ | 22 |  |  | $ | 10 |  |  | $ | 32 |
Balance as of December 31, 2013 (Successor): |  | $ | 61 |  |  | $ | 27 |  |  | $ | 88 |
Gross goodwill and accumulated impairment losses were $1.543 billion and $1.411 billion, respectively, as of December 31, 2011 and 2012 and $1.544 billion and $1.488 billion, respectively, as of August 31, 2013. As part of fresh start accounting, Kodak adjusted the carrying value of goodwill (see Note 3, “Fresh Start Accounting”). Effective in the first quarter of 2013, the Intellectual Property and Brand Licensing reporting unit was reported in the Graphics, Entertainment and Commercial Films Segment. Goodwill assigned to the Intellectual Property and Brand Licensing reporting unit of approximately $113 million as of December 31, 2012 was previously reported in the Personalized and Document Imaging Segment. Due to the sale of its digital imaging patents during the first quarter of 2013, Kodak concluded that the carrying value of goodwill for its Intellectual Property and Brand Licensing reporting unit exceeded the implied fair value of goodwill. The fair value of the Intellectual Property and Brand Licensing reporting unit was estimated using an income approach 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 $77 million that is included in Other operating expense (income), net in the Consolidated Statement of Operations. Effective in the second quarter of 2013, due to the Personalized and Document Imaging disposal group being reported as assets held for sale, Kodak has two reportable segments: the Graphics, Entertainment and Commercial Films Segment and the Digital Printing and Enterprise Segment. The Graphics, Entertainment and Commercial Films Segment has three goodwill reporting units: Graphics, Entertainment Imaging and Commercial Films and Intellectual Property and Brand Licensing. The Digital Printing and Enterprise Segment has four goodwill reporting units: Digital Printing, Packaging and Functional Printing, Enterprise Services and Solutions, and Consumer Inkjet Systems. The remaining goodwill in the Personalized and Document Imaging Segment was reported as a component of assets held for sale as of June 30, 2013 and subsequently written-off as part of the loss on sale of the Personalized and Document Imaging Businesses. Based upon the results of Kodak’s October 1, 2013 annual impairment test analysis, no impairment of goodwill was indicated. As part of fresh start accounting, Kodak wrote-off existing intangibles and accumulated amortization and recorded an adjustment of $235 million to reflect the fair value of intangibles. Refer to Note 3, “Fresh Start Accounting.” Due to Kodak revising its projected 2014 revenue estimates, Kodak concluded that the carrying value of the Kodak trade name, estimated as part of fresh start accounting, exceeded its fair value. In the fourth quarter of 2013 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. The gross carrying amount and accumulated amortization by major intangible asset category as of December 31, 2013 and 2012 were as follows:
|  | Successor
|  | As of December 31, 2013
(in millions) |  | Gross Carrying |  |  | Accumulated |  |  |  |  | Weighted-Average
| Amount |  |  | Amortization |  |  | Net |  | Amortization Period
Technology-based |  | $ | 131 |  |  | $ | 6 |  |  | $ | 125 |  | 8 | years
Kodak trade name |  |  | 46 |  |  |  | - |  |  |  | 46 |  | Indefinite life |
Customer-related |  |  | 39 |  |  |  | 2 |  |  |  | 37 |  | 9 | years
In-process research and development |  |  | 9 |  |  |  | - |  |  |  | 9 |  | Indefinite life |
Other |  |  | 2 |  |  |  | - |  |  |  | 2 |  | 25 | years
Total |  | $ | 227 |  |  | $ | 8 |  |  | $ | 219 |  |  |
|  | Predecessor
|  | As of December 31, 2012
(in millions) |  | Gross Carrying |  |  | Accumulated |  |  |  |  | Weighted-Average
| Amount |  |  | Amortization |  |  | Net |  | Amortization Period
Technology-based |  | $ | 51 |  |  | $ | 47 |  |  | $ | 4 |  | 8 | years
Customer-related |  |  | 222 |  |  |  | 172 |  |  |  | 50 |  | 10 | years
Other |  |  | 16 |  |  |  | 9 |  |  |  | 7 |  | 18 | years
Total |  | $ | 289 |  |  | $ | 228 |  |  | $ | 61 |  | 10 | years
Amortization expense related to intangible assets was $8 million, $10 million, $26 million and $39 million for the four months ended December 31, 2013, eight months ended August 31, 2013 and the years ended December 31, 2012 and December 31, 2011, respectively. Estimated future amortization expense related to intangible assets as of December 31, 2013 was as follows:
(in millions) |  |  |
2014 |  | $ | 25 |
2015 |  |  | 25 |
2016 |  |  | 25 |
2017 |  |  | 23 |
2018 |  |  | 18 |
2019 |  |  | 11 |
2020 and thereafter |  |  | 37 |
Total |  | $ | 164 |

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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13854-109267 + Details
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