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Note 18 - Discontinued Operations | 9 Months Ended
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Sep. 30, 2016
Disclosure Text Block [Abstract] |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | NOTE 18: DISCONTINUED OPERATIONS KODAK PROSPER Enterprise Inkjet Business In March 2016 Kodak announced that it is in talks with prospective buyers about offers to purchase its Prosper Business. The results of operations of the Prosper Business are classified as discontinued operations in the Consolidated Statement of Operations for all periods presented. Additionally, the related assets and liabilities associated with the Prosper Business are classified as held for sale in the Consolidated Statement of Financial Position as of September 30, 2016 and December 31, 2015. Kodak anticipates the sale will close in the first half of 2017. The results of operations of the Prosper Business are presented in the following table:
|  | Three Months Ended |  |  | Nine Months Ended |
(in millions) |  | September 30, |  |  | September 30, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
Revenues |  | $ | 29 |  |  | $ | 21 |  |  | $ | 68 |  |  | $ | 61 |
Cost of sales |  |  | 27 |  |  |  | 16 |  |  |  | 58 |  |  |  | 60 |
Selling, general and administrative expenses |  |  | 6 |  |  |  | 7 |  |  |  | 20 |  |  |  | 16 |
Research and development expenses |  |  | 5 |  |  |  | 4 |  |  |  | 16 |  |  |  | 15 |
Loss from discontinued operations, before income taxes |  |  | (9 | ) |  |  | (6 | ) |  |  | (26 | ) |  |  | (30 | )
Provision for income taxes related to discontinued operations |  |  | 1 |  |  |  | 1 |  |  |  | 1 |  |  |  | 2 |
Loss from discontinued operations, net of income taxes |  | $ | (10 | ) |  | $ | (7 | ) |  | $ | (27 | ) |  | $ | (32 | )
The discontinued operations of the Personalized Imaging and Document Imaging Business also impacted the loss from discontinued operations in the Consolidated Statement of Operations. For the three and nine months ended September 30, 2016, the impact was a loss of $0 million and $2 million, respectively. For both the three and nine months ended September 30, 2015, the impact was a loss of $8 million. . The following table presents the aggregate carrying amount of major assets and liabilities of the Prosper Business:
|  | September 30, |  |  | December 31, |
(in millions) |  | 2016 |  |  | 2015 |
ASSETS |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 1 |  |  | $ | 1 |
Receivables, net |  |  | 18 |  |  |  | 15 |
Inventories, net |  |  | 39 |  |  |  | 51 |
Property, plant and equipment, net |  |  | 42 |  |  |  | 32 |
Intangible assets, net |  |  | 37 |  |  |  | 38 |
Other assets |  |  | 2 |  |  |  | 4 |
Assets of business held for sale |  | $ | 139 |  |  | $ | 141 |
LIABILITIES |  |  |  |  |  |  |  |
Accounts payable, trade |  | $ | 9 |  |  | $ | 9 |
Current portion of long-term debt |  |  | - |  |  |  | 1 |
Other current liabilities |  |  | 17 |  |  |  | 12 |
Long-term debt, net of current portion |  |  | 3 |  |  |  | 2 |
Other long-term liabilities |  |  | 4 |  |  |  | 5 |
Liabilities of business held for sale |  | $ | 33 |  |  | $ | 29 |
A dedicated entity of the Prosper Business had intercompany liabilities with Kodak of approximately $8 million as of September 30, 2016 that are part of the proposed transaction but are not reflected in the table above as these amounts have been eliminated in deriving the consolidated financial statements. There were no intercompany amounts that are part of the proposed transaction as of December 31, 2015. In addition to the assets and liabilities reported for the Prosper Business, Current assets held for sale and Current liabilities held for sale as of September 30, 2016 in the Consolidated Statement of Financial Position included $4 million and $2 million, respectively, from assets and liabilities under contract for sale not associated with the Prosper Business. Current assets held for sale as of December 31, 2015 also included $2 million from assets under contract for sale not associated with the Prosper Business. The following table presents selected cash flow statement information associated with the Prosper Business:
|  | Nine Months Ended |
(in millions) |  | September 30, |
|  | 2016 |  |  | 2015 |
Depreciation |  |  | 2 |  |  |  | 5 |
Amortization |  |  | 1 |  |  |  | 3 |
Capital expenditures |  |  | 4 |  |  |  | 2 |
Depreciation and amortization of long-lived assets of the Prosper Business included in discontinued operations ceased on April 1, 2016. Direct operating expenses of the discontinued operations are included in the results of discontinued operations. Indirect expenses that were historically allocated to the discontinued operations have been included in the results of continuing operations. Prior period results have been reclassified to conform to the current period presentation.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64862545&loc=SL51724579-110230 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64862545&loc=d3e2941-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1474-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760 + Details
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