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Note 15 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

The components of (Loss) earnings from continuing operations before income taxes and the related (benefit) provision for U.S. and other income taxes were as follows (in millions):

		Year Ended December 31,
		2017				2016				2015
(Loss) earnings from continuing operations before income    taxes:
U.S.		$	(84	)		$	(66	)		$	(169	)
Outside the U.S.			71				117				134
Total		$	(13	)		$	51			$	(35	)
U.S. income taxes:
Current provision		$	1			$	2			$	1
Deferred (benefit) provision			(31	)			6				9
Income taxes outside the U.S.:
Current provision			15				14				22
Deferred (benefit) provision			(94	)			11				—
State and other income taxes:
Current benefit			(1	)			—				—
Total provision		$	(110	)		$	33			$	32

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

The differences between income taxes computed using the U.S. federal income tax rate and the (benefit) provision for income taxes for continuing operations were as follows (in millions):

		Year Ended December 31,
		2017				2016				2015
Amount computed using the statutory rate		$	(5	)		$	18			$	(12	)
Increase (reduction) in taxes resulting from:
Unremitted foreign earnings			2				6				26
Impact of goodwill and intangible impairments			(21	)			—				—
Operations outside the U.S.			13				20				28
Legislative tax law and rate changes			150				6				—
Valuation allowance			(259	)			(58	)			(71	)
Tax settlements and adjustments, including interest			(11	)			2				2
Discharge of debt and other reorganization related items			39				40				60
Embedded derivative liability conversion			(17	)			—				—
Other, net			(1	)			(1	)			(1	)
(Benefit) provision for income taxes		$	(110	)		$	33			$	32

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The significant components of deferred tax assets and liabilities were as follows (in millions):

		As of December 31,
		2017				2016
Deferred tax assets
Pension and postretirement obligations		$	96			$	162
Restructuring programs			1				1
Foreign tax credit			343				335
Inventories			10				10
Investment tax credit			58				71
Employee deferred compensation			25				41
Depreciation			68				63
Research and development costs			80				144
Tax loss carryforwards			307				435
Other deferred revenue			4				11
Other			74				80
Total deferred tax assets		$	1,066			$	1,353
Deferred tax liabilities
Leasing		$	2			$	1
Goodwill/intangibles			16				48
Unremitted foreign earnings			20				76
Total deferred tax liabilities			38				125
Net deferred tax assets before valuation allowance			1,028				1,228
Valuation allowance			856				1,209
Net deferred tax assets		$	172			$	19

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Deferred tax assets (liabilities) are reported in the following components within the Consolidated Statement of Financial Position (in millions):

		As of December 31,
		2017				2016
Deferred income taxes		$	188			$	35
Other long-term liabilities			(16	)			(16	)
Net deferred tax assets		$	172			$	19

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

A reconciliation of the beginning and ending amount of Kodak’s liability for income taxes associated with unrecognized tax benefits is as follows

(in millions):

		Year Ended December 31,
		2017				2016				2015
Balance as of January 1		$	84			$	85			$	92
Tax positions related to the current year:
Additions			7				—				1
Tax positions related to prior years:
Additions			6				1				—
Reductions			(28	)			(2	)			(7	)
Settlements with taxing jurisdictions			(4	)			—				—
Lapses in statute of limitations			(4	)			—				(1	)
Balance as of December 31		$	61			$	84			$	85

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the change in unrecognized tax benefits.

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