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Note 10 - Other Operating (Income) Expense, Net
 9 Months Ended
Sep. 30, 2018
Disclosure Text Block [Abstract]  
Other Operating Expense (Income) [Text Block]

NOTE 10:  OTHER OPERATING (INCOME) EXPENSE, NET

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

(in millions)

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Expense (income):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain on sale of assets

 

$

(5

)

 

$

—

 

 

$

(7

)

 

$

(2

)

Legal reserve changes

 

 

(4

)

 

 

—

 

 

 

(4

)

 

 

—

 

Prosper asset remeasurement (1)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

12

 

Asset impairments (2)

 

 

—

 

 

 

20

 

 

 

—

 

 

 

22

 

Other

 

 

(1

)

 

 

—

 

 

 

(1

)

 

 

—

 

Total

 

$

(10

)

 

$

20

 

 

$

(12

)

 

$

32

 

 

 

(1)

In the first quarter of 2017, Kodak reduced the carrying value of Prosper fixed assets ($8 million) and intangible assets ($4 million) to the amount that would have been recorded if the Prosper assets, which were previously presented as held for sale, had been continuously classified as held and used.

  

 

(2)

In the third quarter of 2017, due to canceling its copper mesh touch screen program, Kodak concluded that the carrying value of property, plant and equipment (PP&E) and intangible assets associated with those operations exceeded their fair value. Kodak recorded pre-tax impairment charges in the three months ended September 30, 2017 of $8 million related to the PP&E and $12 million for the intangible assets.