Note 3 - Fresh Start Accounting (Tables)

12 Months Ended

Dec. 31, 2013

Note 3 - Fresh Start Accounting (Tables) [Line Items]

Reconciliation of Enterprise Value to Estimated Fair Value [Table Text Block]

(in millions, except share and per share value)
Enterprise value	$	1,000
Plus: Cash and cash equivalents		898
Less: Other non-operating liabilities		18
Less: Fair value of debt and capitalized lease obligations		734
Less: Fair value of pension and other postretirement obligations		533
Less: Fair value of warrants		24
Fair value of Successor common stock	$	589

Shares outstanding at September 3, 2013		41,753,211
Per share value	$	14.11

Reconciliation of Enterprise Value to Estimated Reorganization Value [Table Text Block]

(in millions)
Enterprise value	$	1,000
Plus: Cash and cash equivalents		898
Plus: Fair value of noncontrolling interests		10
Plus: Fair value of non-debt liabilities		2,088
Less: Fair value of pension and other postretirement obligations		533
Reorganization value of Successor assets	$	3,463

Schedule of Cash Payments for Reorganization Adjustments [Table Text Block]

(in millions)
Sources:
Net proceeds from Emergence Credit Facilities	$	664
Proceeds from Rights Offerings		406
Total sources			$	1,070
Uses:
Repayment of Junior DIP Term Loans	$	644
Repayment of Second Lien Notes		375
Claims paid at emergence		94
Funding of escrow accounts		113
Other fees and expenses		16
Total uses				1,242
Net uses			$	(172	)

Reorganization Liabilities Subject to Compromise [Table Text Block]

(in millions)
Liabilities subject to compromise of the Predecessor Company (LSTC)			$	2,475
Cash payments at emergence from LSTC				(84	)
Claims expected to be satisfied in cash				(35	)
Liabilities reinstated at emergence:
Pension and other postretirement liabilities	(156	)
Environmental obligations	(61	)
Other current liabilities	(9	)
Total liabilities reinstated at emergence				(226	)
Fair value of equity issued to unsecured creditors				(85	)
Fair value of warrants issued to unsecured creditors				(24	)
Gain on settlement of liabilities subject to compromise			$	2,021

Schedule of Cumulative Impact of Reorganization Adjustments [Table Text Block]

(in millions)
Gain on settlement of liabilities subject to compromise	$	2,021
Fair value of shares issued to Backstop Parties and employees		(25	)
Write-off of unamortized debt discounts and debt issuance costs		(14	)
Success fees accrued at emergence		(13	)
Emergence and success fees paid at emergence		(9	)
Write-off of deferred equity issuance costs		(3	)
Net gain on reoganization adjustments		1,957
Cancellation of Predecessor Company equity		(3,628	)
Net impact to Retained earnings (deficit)	$	(1,671	)

Schedule of Inventory, Current [Table Text Block]

	Successor		Predecessor
(in millions)	As of December 31, 2013		As of December 31, 2012

Finished goods	$	185	$	236
Work in process		94		87
Raw materials		79		97
Total	$	358	$	420

Property, Plant and Equipment [Table Text Block]

	Successor			Predecessor
(in millions)	As of December 31, 2013			As of December 31, 2012
Land	$	117		$	39
Buildings and building improvements		178			1,156
Machinery and equipment		414			3,138
Construction in progress		42			28
		751			4,361
Accumulated depreciation		(67	)		(3,754	)
Property, plant and equipment, net	$	684		$	607

Schedule of Goodwill [Table Text Block]

(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

Cumulative Impact of Fresh Start Adjustments [Table Text Block]

(in millions)

Establishment of Successor goodwill	$	88
Elimination of Predecessor goodwill		(56	)
Establishment of Successor intangibles		235
Elimination of Predecessor intangibles		(43	)
Inventory fair value adjustment		67
Property, plant & equipment fair value adjustment		220
Pension and other postretirement obligations fair value adjustment		(178	)
Rights offering fair value adjustment		(73	)
Long-term debt fair value adjustment		(11	)
Other assets and liabilities fair value adjustments		53
Net gain on fresh start adjustments		302
Tax impact on fresh start adjustments		(69	)
Elimination of Predecessor accumulated other comprehensive loss		(1,008	)
Net impact on Retained earnings (deficit)	$	(775	)

Reorganization and Fresh Start Adjustments [Member]

Note 3 - Fresh Start Accounting (Tables) [Line Items]

Condensed Balance Sheet [Table Text Block]

(in millions)
	Predecessor Company (a)			Reorganization Adjustments					Fresh Start Adjustments					Successor Company
ASSETS
Current Assets
Cash and cash equivalents	$	1,070		$	(172	)	(1	)	$	-				$	898
Restricted cash		24			98		(2	)		-					122
Receivables, net		492			-					-					492
Inventories, net		435			-					67		(21	)		502
Assets held for sale		109			-					8		(22	)		117
Other current assets		77			8		(3	)		(42	)	(23	)		42
					(1	)	(4	)
Total current assets		2,207			(67	)				33					2,173
Property, plant & equipment, net		507			-					220		(24	)		727
Goodwill		56			-					32		(25	)		88
Intangible assets, net		43			-					192		(26	)		235
Deferred income taxes		22			(21	)	(3	)		55		(23	)		56
Other long-term assets		202			15		(5	)		(26	)	(27	)		184
					8		(6	)		(8	)	(28	)
					(8	)	(7	)		1		(29	)
TOTAL ASSETS	$	3,037		$	(73	)			$	499				$	3,463
LIABILITIES AND EQUITY (DEFICIT)
Current Liabilities
Accounts payable, trade	$	317		$	6		(8	)	$	-				$	339
					3		(9	)
					13		(10	)
Short-term borrowings and current portion of long-term debt		681			(641	)	(11	)		-					44
					4		(12	)
Other current liabilities		600			(17	)	(13	)		(8	)	(30	)		586
					(13	)	(3	)		(14	)	(29	)
					38		(14	)
Liabilities held for sale		45			-					(3	)	(22	)		42
Total current liabilities		1,643			(607	)				(25	)				1,011
Long-term debt, net of current portion		370			(370	)	(15	)		11		(31	)		676
					665		(16	)
Pension and other postretirement liabilities		411			156		(17	)		178		(29	)		745
Other long-term liabilities		318			61		(17	)		82		(23	)		408
										(53	)	(32	)
Liabilities subject to compromise		2,475			(2,475	)	(17	)		-					-
Total liabilities		5,217			(2,570	)				193					2,840

Equity (Deficit)
Common stock (Successor)		-			-		(18	)		-					-
Additional paid in capital (Successor)		-			540		(18	)		73		(33	)		613
Common stock (Predecessor)		978			(978	)	(19	)		-					-
Additional paid in capital (Predecessor)		1,105			(1,105	)	(19	)		-					-
Retained earnings (deficit)		2,446			(1,671	)	(20	)		(775	)	(34	)		-
Accumulated other comprehensive loss		(1,008	)		-					1,008		(34	)		-
		3,521			(3,214	)				306					613
Less: Treasury stock (Predecessor)		(5,711	)		5,711		(19	)		-					-
Total Eastman Kodak Company shareholders' (deficit) equity		(2,190	)		2,497					306					613
Noncontrolling interests		10			-					-					10
Total equity (deficit)		(2,180	)		2,497					306					623
TOTAL LIABILITIES AND EQUITY (DEFICIT)	$	3,037		$	(73	)			$	499				$	3,463

Schedule of Goodwill [Table Text Block]

	Successor
(in millions)	As of September 1, 2013
Reorganization value of Successor assets		3,463
Less: Fair value of Successor assets (excluding goodwill)		3,375
Reorganization value of Successor assets in excess of fair value - Successor goodwill	$	88

As of August 31, 2013 and Fair Value at September 1, 2013 [Member]

Note 3 - Fresh Start Accounting (Tables) [Line Items]

Schedule of Inventory, Current [Table Text Block]

	Successor		Predecessor
(in millions)	As of September 1, 2013		As of August 31, 2013

Finished goods	$	280	$	235
Work in process		120		99
Raw materials		102		101
Total	$	502	$	435

Property, Plant and Equipment [Table Text Block]

	Successor		Predecessor
(in millions)	As of September 1, 2013		As of August 31, 2013
Land	$	114	$	35
Buildings and building improvements		180		189
Machinery and equipment		402		252
Construction in progress		31		31
Total	$	727	$	507