Note 25 - Fresh Start Accounting (Tables)

12 Months Ended

Dec. 31, 2015

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]

	As of December 31,
(in millions)	2015		2014
Finished goods	$	141	$	160
Work in process		61		70
Raw materials		61		62
Total	$	263	$	292

Property, Plant and Equipment [Table Text Block]

	As of December 31,
(in millions)	2015			2014
Land	$	74		$	100
Buildings and building improvements		169			174
Machinery and equipment		445			403
Construction in progress		20			47
		708			724
Accumulated depreciation		(314	)		(223	)
Property, plant and equipment, net	$	394		$	501

Schedule of Goodwill [Table Text Block]

(in millions)	Print Systems		Micro 3D Printing and Packaging			Software and Solutions		Consumer and Film		Intellectual Property Solutions			Consolidated Total
Balance as of December 31, 2013:	$	51	$	24		$	6	$	6	$	1		$	88
Fresh start accounting adjustment		5		2			—		—		1			8
Balance as of December 31, 2014:	$	56	$	26		$	6	$	6	$	2		$	96
Impairment		—		(6	)		—		—		(2	)		(8	)
Balance as of December 31, 2015:	$	56	$	20		$	6	$	6	$	—		$	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]

Fresh Start Accounting [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]

Fresh Start Accounting [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