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Note 18 - Restructuring Liabilities | 12 Months Ended
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Dec. 31, 2013
Restructuring and Related Activities [Abstract] |
Restructuring and Related Activities Disclosure [Text Block] | NOTE 18: RESTRUCTURING COSTS AND OTHER Kodak recognizes the need to continually rationalize its workforce and streamline its operations in the face of ongoing business and economic changes. Charges for restructuring initiatives are recorded in the period in which Kodak commits to a formalized restructuring plan, or executes the specific actions contemplated by the plan and all criteria for liability recognition under the applicable accounting guidance have been met. Restructuring Reserve Activity The activity in the accrued balances and the non-cash charges and credits incurred in relation to restructuring programs during the three years ended December 31, 2013 were as follows:
(in millions) |  | Severance Reserve |  |  | Exit Costs Reserve |  |  | Long-lived Asset Impairments and Inventory Write-downs |  |  | Accelerated Depreciation |  |  | Total |
Balance as of December 31, 2010 (Predecessor): |  | $ | 22 |  |  | $ | 20 |  |  | $ | - |  |  | $ | - |  |  | $ | 42 |
2011 charges - continuing operations (1) |  |  | 92 |  |  |  | 15 |  |  |  | 3 |  |  |  | 10 |  |  |  | 120 |
2011 charges - discontinued operations (1) |  |  | 13 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 13 |
2011 utilization/cash payments |  |  | (58 | ) |  |  | (13 | ) |  |  | (3 | ) |  |  | (10 | ) |  |  | (84 | )
2011 other adjustments & reclasses (2) |  |  | (31 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (31 | )
Balance as of December 31, 2011 (Predecessor): |  | $ | 38 |  |  | $ | 22 |  |  | $ | - |  |  | $ | - |  |  | $ | 60 |
2012 charges - continuing operations (3) |  | $ | 158 |  |  | $ | 35 |  |  | $ | 26 |  |  | $ | 13 |  |  | $ | 232 |
2012 charges - discontinued operations (3) |  |  | 29 |  |  |  | 2 |  |  |  | 8 |  |  |  | - |  |  |  | 39 |
2012 utilization/cash payments |  |  | (86 | ) |  |  | (13 | ) |  |  | (34 | ) |  |  | (13 | ) |  |  | (146 | )
2012 other adjustments & reclasses (4) |  |  | (101 | ) |  |  | (1 | ) |  |  | - |  |  |  | - |  |  |  | (102 | )
Balance as of December 31, 2012 (Predecessor): |  | $ | 38 |  |  | $ | 45 |  |  | $ | - |  |  | $ | - |  |  | $ | 83 |
Eight months charges - continuing operations |  | $ | 38 |  |  | $ | 3 |  |  | $ | 4 |  |  | $ | 4 |  |  | $ | 49 |
Eight months charges - discontinued operations |  |  | 3 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3 |
Eight months utilization/cash payments |  |  | (48 | ) |  |  | (32 | ) |  |  | (4 | ) |  |  | (4 | ) |  |  | (88 | )
Eight months other adjustments & reclasses (5) |  |  | (3 | ) |  |  | (9 | ) |  |  | - |  |  |  | - |  |  |  | (12 | )
Balance as of August 31, 2013 (Predecessor): |  | $ | 28 |  |  | $ | 7 |  |  | $ | - |  |  | $ | - |  |  | $ | 35 |
Four months charges - continuing operations |  | $ | 13 |  |  | $ | 3 |  |  | $ | 1 |  |  | $ | - |  |  | $ | 17 |
Four months charges - discontinued operations |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Four months utilization/cash payments |  |  | (15 | ) |  |  | (3 | ) |  |  | (1 | ) |  |  | - |  |  |  | (19 | )
Four months other adjustments & reclasses (6) |  |  | - |  |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | 1 |
Balance as of December 31, 2013 (Successor): |  | $ | 26 |  |  | $ | 8 |  |  | $ | - |  |  | $ | - |  |  | $ | 34 |
(1) | Severance reserve activity includes termination benefits charges of $101 million, and net curtailment and settlement losses related to these actions of $4 million.
(2) | Includes $32 million of severance related charges for pension plan curtailments, settlements, and special termination benefits, which are reflected in Pension and other postretirement liabilities and Other long-term assets in the Consolidated Statement of Financial Position, offset by $1 million of foreign currency translation adjustments.
(3) | Severance reserve activity includes termination benefit charges of $186 million, and net curtailment and settlement losses related to these actions of $1 million.
(4) | Includes $100 million of severance related charges for pension plan curtailments, settlements, and special termination benefits, which are reflected in Pension and other postretirement liabilities and Other long-term assets in the Consolidated Statement of Financial Position, and $2 million for amounts reclassified as Liabilities subject to compromise.
(5) | The $(12) million includes $(5) million for amounts reclassified as Liabilities subject to compromise, $(4) million of severance-related charges for pension plan curtailments, which are reflected in Pension and other postretirement liabilities in Consolidated Statement of Financial Position, and $(3) million of reserve adjustments due to the application of fresh start accounting, which were recorded as Reorganization items, net in the Consolidated Statement of Operations.
(6) | The $1 million represents foreign currency translation adjustments.
2011 Activity The $133 million of charges for the year 2011 includes $10 million of charges for accelerated depreciation and $2 million for inventory write-downs, which were reported in Cost of sales in the accompanying Consolidated Statement of Operations, and $13 million which was reported in discontinued operations. The remaining costs incurred of $108 million, including $92 million of severance costs, $15 million of exit costs, and $1 million of long-lived asset impairments, were reported as Restructuring costs and other in the accompanying Consolidated Statement of Operations. The severance and exit costs reserves require the outlay of cash, while long-lived asset impairments, accelerated depreciation and inventory write-downs represent non-cash items. The 2011 severance costs related to the elimination of approximately 1,225 positions, including approximately 575 manufacturing/service, 550 administrative and 100 research and development positions. The geographic composition of these positions includes approximately 725 in the United States and Canada, and 500 throughout the rest of the world. The charges of $133 million recorded in 2011 included $23 million applicable to the Graphics, Entertainment and Commercial Films Segment, $6 million applicable to the Digital Printing and Enterprise Segment and $91 million that was applicable to manufacturing/service, research and development, and administrative functions, which are shared across all segments. The remaining $13 million was applicable to discontinued operations. As a result of these initiatives, severance payments were paid during periods through 2012 since, in many instances, the employees whose positions were eliminated can elect or are required to receive their payments over an extended period of time. In addition, certain exit costs, such as long-term lease payments, were paid over periods throughout 2012 and beyond. 2012 Activity The $271 million of charges for the year 2012 includes $13 million of charges for accelerated depreciation and $4 million for inventory write-downs, which were reported in Cost of sales in the accompanying Consolidated Statement of Operations, and $39 million which was reported as discontinued operations. The remaining costs incurred of $215 million, including $158 million of severance costs, $35 million of exit costs, and $22 million of long-lived asset impairments, were reported as Restructuring costs and other in the accompanying Consolidated Statement of Operations. The severance and exit costs reserves require the outlay of cash, while long-lived asset impairments, accelerated depreciation and inventory write-downs represent non-cash items. The 2012 severance costs related to the elimination of approximately 3,225 positions, including approximately 1,775 manufacturing/service, 1,050 administrative and 400 research and development positions. The geographic composition of these positions includes approximately 1,925 in the United States and Canada, and 1,300 throughout the rest of the world. The charges of $271 million recorded in 2012 included $20 million applicable to the Graphics, Entertainment and Commercial Films Segment, $93 million applicable to the Digital Printing and Enterprise Segment and $119 million that was applicable to manufacturing/service, research and development, and administrative functions, which are shared across all segments. The remaining $39 million was applicable to discontinued operations. As a result of these initiatives, severance payments were paid during periods through 2013 since, in many instances, the employees whose positions were eliminated can elect or are required to receive their payments over an extended period of time. In addition, certain exit costs, such as long-term lease payments, will continue beyond 2013. 2013 Activity Restructuring actions taken in 2013 were initiated to reduce Kodak’s cost structure as part of its commitment to drive sustainable profitability. Actions included manufacturing capacity reductions in the U.S. and the U.K., the continued wind down of the consumer inkjet printer business, a workforce reduction in France, and various targeted reductions in service, sales, and other administrative functions. As a result of these actions, for the four months ended December 31, 2013 Kodak recorded $17 million of charges reported as Restructuring costs and other in the accompanying Consolidated Statement of Operations. For the eight months ended August 31, 2013, Kodak recorded $52 million of charges, including $4 million for accelerated depreciation and $2 million for inventory write-downs which were reported in Cost of sales, $43 million reported as Restructuring costs and other and $3 million which were reported as Discontinued operations in the accompanying Consolidated Statement of Operations, The severance and exit costs reserves require the outlay of cash, while long-lived asset impairments, accelerated depreciation and inventory write-downs represent non-cash items. The 2013 severance costs related to the elimination of approximately 825 positions, including approximately 500 manufacturing/service, 300 administrative and 25 research and development positions. The geographic composition of these positions included approximately 375 in the U.S. and Canada, and 450 throughout the rest of the world. The charges of $17 million recorded for the four months ended December 31, 2013 included $1 million applicable to the Digital Printing and Enterprise Segment, $8 million applicable to the Graphics, Entertainment and Commercial Films Segment, and $8 million that was applicable to manufacturing, research and development, and administrative functions. The charges of $52 million recorded for the eight months ended August 31, 2013 included $5 million applicable to the Digital Printing and Enterprise Segment, $22 million applicable to the Graphics, Entertainment and Commercial Films Segment, and $22 million that was applicable to manufacturing, research and development, and administrative functions and $3 million applicable to discontinued operations. As a result of these initiatives, severance payments will be paid during periods through 2014 since, in many instances, the employees whose positions were eliminated can elect or are required to receive their payments over an extended period of time. In addition, certain exit costs, such as long-term lease payments, will be paid over periods throughout 2014 and beyond.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140864-122747 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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