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Note 11 - Restructuring Liabilities | 6 Months Ended
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Jun. 30, 2016
Disclosure Text Block [Abstract] |
Restructuring and Related Activities Disclosure [Text Block] | NOTE 11: RESTRUCTURING LIABILITIES Charges for restructuring activities 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 actions taken in the first half of 2016 were initiated to reduce Kodak’s cost structure as part of its commitment to drive sustainable profitability and included actions associated with the exit of Kodak’s silver metal mesh touch screen development, continued progress toward the Leeds plate manufacturing facility exit, as well as various targeted reductions in manufacturing, service, sales, research and development and other administrative functions. Leeds Plate Manufacturing Facility Exit On March 3, 2014, Kodak announced a plan to exit its prepress plate manufacturing facility located in Leeds, England. This decision was pursuant to Kodak’s initiative to consolidate manufacturing operations globally, and is expected to result in a more efficient delivery of its products and solutions. Kodak began the exit of the facility in the second quarter of 2014, phased out production at the site in the third quarter of 2015 and has substantially completed the exit of the facility. Under this program, on a life-to-date basis as of June 30, 2016, Kodak has recorded severance charges of $10 million, long-lived asset impairment charges of $3 million, accelerated depreciation charges of $10 million, and other exit costs of $2 million. Restructuring Reserve Activity The activity in the accrued balances and the non-cash charges and credits incurred in relation to restructuring activities for the three and six months ended June 30, 2016 were as follows:
(in millions) |  | Severance Reserve (1) |  |  | Exit Costs Reserve (1) |  |  | Long-lived Asset Impairments and Inventory Write-downs (1) |  |  | Accelerated Depreciation (1) |  |  | Total |
Balance as of December 31, 2015 |  | $ | 7 |  |  | $ | 4 |  |  | $ | - |  |  | $ | - |  |  | $ | 11 |
Q1 2016 charges |  |  | 4 |  |  |  | - |  |  |  | 1 |  |  |  | - |  |  |  | 5 |
Q1 utilization/cash payments |  |  | (5 | ) |  |  | (1 | ) |  |  | (1 | ) |  |  | - |  |  |  | (7 | )
Q1 2016 other adjustments & reclasses (2) |  |  | (1 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1 | )
Balance as of March 31, 2016 |  | $ | 5 |  |  | $ | 3 |  |  | $ | — |  |  | $ | — |  |  | $ | 8 |
Q2 2016 charges - continuing operations |  | $ | 6 |  |  | $ | 1 |  |  | $ | - |  |  | $ | - |  |  | $ | 7 |
Q2 2016 charges - discontinued operations |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1 |
Q2 utilization/cash payments |  |  | (3 | ) |  |  | (1 | ) |  |  | - |  |  |  | - |  |  |  | (4 | )
Q2 2016 other adjustments & reclasses (3) |  |  | (1 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1 | )
Balance as of June 30, 2016 |  | $ | 8 |  |  | $ | 3 |  |  | $ | — |  |  | $ | — |  |  | $ | 11 |
(1) | 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.
(2) | The $(1) million represents severance related charges for pension plan special termination benefits, which are reflected in Pension and other postretirement liabilities in the Consolidated Statement of Financial Position.
(3) | The $(1) million represents severance related charges for pension plan curtailments and special termination benefits, which are reflected in Pension and other retirement liabilities in the Consolidated Statement of Financial Position.
For the three months ended June 30, 2016, the $8 million of charges includes $1 million of charges which were reported in discontinued operations in the accompanying Consolidated Statement of Operations. The remaining $7 million were reported as Restructuring costs and other. The severance costs for the three months ended June 30, 2016 related to the elimination of approximately 100 positions, including approximately 25 manufacturing/service positions, 25 research and development positions and 50 administrative positions. The geographic composition of these positions includes approximately 50 in the United States and Canada and 50 throughout the rest of the world. For the six months ended June 30, 2016, the $13 million of charges includes $1 million of charges for inventory write-downs which were reported in Cost of revenues in the accompanying Consolidated Statement of Operations and $1 million which was reported in discontinued operations. The remaining $11 million was reported as Restructuring costs and other. The severance costs for the six months ended June 30, 2016 related to the elimination of approximately 150 positions, including approximately 50 manufacturing/service positions, 25 research and development positions and 75 administrative positions. The geographic composition of these positions includes approximately 75 in the United States and Canada and 75 throughout the rest of the world. As a result of these initiatives, the majority of the severance will be paid during periods through the end of 2016. However, in some 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 the remainder of 2016 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 2 -Subparagraph (SAB Topic 5.P.4) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 Reference 2: 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 3: 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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