Note 4 - Property, Plant and Equipment, Net and Equipment Subject to Operating Leases, Net

12 Months Ended

Dec. 31, 2017

Property Plant And Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

NOTE 4: PROPERTY, PLANT AND EQUIPMENT, NET AND EQUIPMENT SUBJECT TO OPERATING LEASES, NET

	As of December 31,
(in millions)	2017			2016
Land	$	82		$	84
Buildings and building improvements		174			160
Machinery and equipment		426			429
Construction in progress		26			13
		708			686
Accumulated depreciation		(394	)		(344	)
Property, plant and equipment, net	$	314		$	342

Depreciation expense was $62 million, $86 million and $120 million for the years ended December 31, 2017, 2016 and 2015, respectively. Depreciation expense in the year ended December 31, 2015 included approximately $8 million of accelerated depreciation in connection with restructuring actions. There was no accelerated depreciation connected with restructuring actions in the years ended December 31, 2017 and 2016.

During the first quarter of 2017, Kodak recorded a pre-tax charge of $8 million to adjust the Prosper fixed asset carrying value to the amount that would have been recorded had the Prosper fixed assets been continuously classified as held and used. Refer to Note 13, “Other Operating Expense (Income), net” and Note 25, “Discontinued Operations”.

Equipment subject to operating leases and the related accumulated depreciation were as follows:

	As of December 31,
(in millions)	2017			2016
Equipment subject to operating leases	$	46		$	45
Accumulated depreciation		(21	)		(18	)
Equipment subject to operating leases, net	$	25		$	27

Minimum future rental revenues on operating leases with original terms of one year or longer are not significant to Kodak.