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Note 12 - Revenue | 9 Months Ended
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Sep. 30, 2019
Revenue From Contract With Customer [Abstract] |
Revenue | NOTE 12: REVENUE Disaggregation of Revenue The following tables present revenue disaggregated by major product, portfolio summary and geography.
|  | Three Months Ended |
|  | September 30, 2019 |
(in millions) |  | Print Systems |  |  | Enterprise Inkjet Systems |  |  | Kodak Software |  |  | Brand, Film and Imaging |  |  | Advanced Materials and 3D Printing Technology |  |  | Eastman Business Park |  |  | Total |
Plates, inks and other consumables |  | $ | 149 |  |  | $ | 8 |  |  | $ | — |  |  | $ | 3 |  |  | $ | — |  |  | $ | — |  |  | $ | 160 |
Ongoing service arrangements (1) |  |  | 33 |  |  |  | 18 |  |  |  | 11 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 63 |
Total Annuities |  |  | 182 |  |  |  | 26 |  |  |  | 11 |  |  |  | 4 |  |  |  | — |  |  |  | — |  |  |  | 223 |
Equipment & Software |  |  | 18 |  |  |  | 3 |  |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 24 |
Film and chemicals |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 45 |  |  |  | — |  |  |  | — |  |  |  | 45 |
Other (2) |  |  | 13 |  |  |  | — |  |  |  | — |  |  |  | 7 |  |  |  | 1 |  |  |  | 2 |  |  |  | 23 |
Total |  | $ | 213 |  |  | $ | 29 |  |  | $ | 14 |  |  | $ | 56 |  |  | $ | 1 |  |  | $ | 2 |  |  | $ | 315 |
|  | Nine Months Ended |
|  | September 30, 2019 |
(in millions) |  | Print Systems |  |  | Enterprise Inkjet Systems |  |  | Kodak Software |  |  | Brand, Film and Imaging |  |  | Advanced Materials and 3D Printing Technology |  |  | Eastman Business Park |  |  | Total |
Plates, inks and other consumables |  | $ | 457 |  |  | $ | 25 |  |  | $ | — |  |  | $ | 9 |  |  | $ | — |  |  | $ | — |  |  | $ | 491 |
Ongoing service arrangements (1) |  |  | 97 |  |  |  | 55 |  |  |  | 33 |  |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | 188 |
Total Annuities |  |  | 554 |  |  |  | 80 |  |  |  | 33 |  |  |  | 12 |  |  |  | — |  |  |  | — |  |  |  | 679 |
Equipment & Software |  |  | 45 |  |  |  | 10 |  |  |  | 9 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 64 |
Film and chemicals |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 125 |  |  |  | — |  |  |  | — |  |  |  | 125 |
Other (2) |  |  | 13 |  |  |  | — |  |  |  | — |  |  |  | 22 |  |  |  | 3 |  |  |  | 7 |  |  |  | 45 |
Total |  | $ | 612 |  |  | $ | 90 |  |  | $ | 42 |  |  | $ | 159 |  |  | $ | 3 |  |  | $ | 7 |  |  | $ | 913 |
|  | Three Months Ended |
|  | September 30, 2018 |
(in millions) |  | Print Systems |  |  | Enterprise Inkjet Systems |  |  | Kodak Software |  |  | Brand, Film and Imaging |  |  | Advanced Materials and 3D Printing Technology |  |  | Eastman Business Park |  |  | Total |
Plates, inks and other consumables |  | $ | 166 |  |  | $ | 8 |  |  | $ | — |  |  | $ | 4 |  |  | $ | — |  |  | $ | — |  |  | $ | 178 |
Ongoing service arrangements (1) |  |  | 33 |  |  |  | 20 |  |  |  | 12 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 66 |
Total Annuities |  |  | 199 |  |  |  | 28 |  |  |  | 12 |  |  |  | 5 |  |  |  | — |  |  |  | — |  |  |  | 244 |
Equipment & Software |  |  | 18 |  |  |  | 11 |  |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 32 |
Film and chemicals |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 41 |  |  |  | — |  |  |  | — |  |  |  | 41 |
Other (2) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 8 |  |  |  | 1 |  |  |  | 3 |  |  |  | 12 |
Total |  | $ | 217 |  |  | $ | 39 |  |  | $ | 15 |  |  | $ | 54 |  |  | $ | 1 |  |  | $ | 3 |  |  | $ | 329 |
|  | Nine Months Ended |
|  | September 30, 2018 |
(in millions) |  | Print Systems |  |  | Enterprise Inkjet Systems |  |  | Kodak Software |  |  | Brand, Film and Imaging |  |  | Advanced Materials and 3D Printing Technology |  |  | Eastman Business Park |  |  | Total |
Plates, inks and other consumables |  | $ | 509 |  |  | $ | 24 |  |  | $ | — |  |  | $ | 13 |  |  | $ | — |  |  | $ | — |  |  | $ | 546 |
Ongoing service arrangements (1) |  |  | 100 |  |  |  | 59 |  |  |  | 36 |  |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | 197 |
Total Annuities |  |  | 609 |  |  |  | 83 |  |  |  | 36 |  |  |  | 15 |  |  |  | — |  |  |  | — |  |  |  | 743 |
Equipment & Software |  |  | 51 |  |  |  | 20 |  |  |  | 11 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 82 |
Film and chemicals |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 122 |  |  |  | — |  |  |  | — |  |  |  | 122 |
Other (2) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 22 |  |  |  | 3 |  |  |  | 7 |  |  |  | 32 |
Total |  | $ | 660 |  |  | $ | 103 |  |  | $ | 47 |  |  | $ | 159 |  |  | $ | 3 |  |  | $ | 7 |  |  | $ | 979 |
(1) | Service revenue in the Consolidated Statement of Operations includes the ongoing service revenue shown above as well as revenue from project-based document management and managed print services businesses, which is included in Other above.
(2) | Other includes revenue from professional services, non-recurring engineering services, print and managed media services, tenant rent and related property management services and licensing.
Product Portfolio Summary:
|  | Three Months Ended |
|  | September 30, 2019 |
(in millions) |  | Print Systems |  |  | Enterprise Inkjet Systems |  |  | Kodak Software |  |  | Brand, Film and Imaging |  |  | Advanced Materials and 3D Printing Technology |  |  | Eastman Business Park |  |  | Total |
Growth engines (1) |  | $ | 44 |  |  | $ | 18 |  |  | $ | 14 |  |  | $ | 7 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 84 |
Strategic other businesses (2) |  |  | 162 |  |  |  | — |  |  |  | — |  |  |  | 46 |  |  |  | — |  |  |  | 2 |  |  |  | 210 |
Planned declining businesses (3) |  |  | 7 |  |  |  | 11 |  |  |  | — |  |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | 21 |
|  | $ | 213 |  |  | $ | 29 |  |  | $ | 14 |  |  | $ | 56 |  |  | $ | 1 |  |  | $ | 2 |  |  | $ | 315 |
|  | Nine Months Ended |
|  | September 30, 2019 |
(in millions) |  | Print Systems |  |  | Enterprise Inkjet Systems |  |  | Kodak Software |  |  | Brand, Film and Imaging |  |  | Advanced Materials and 3D Printing Technology |  |  | Eastman Business Park |  |  | Total |
Growth engines (1) |  | $ | 128 |  |  | $ | 57 |  |  | $ | 42 |  |  | $ | 22 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 252 |
Strategic other businesses (2) |  |  | 461 |  |  |  | — |  |  |  | — |  |  |  | 128 |  |  |  | — |  |  |  | 7 |  |  |  | 596 |
Planned declining businesses (3) |  |  | 23 |  |  |  | 33 |  |  |  | — |  |  |  | 9 |  |  |  | — |  |  |  | — |  |  |  | 65 |
|  | $ | 612 |  |  | $ | 90 |  |  | $ | 42 |  |  | $ | 159 |  |  | $ | 3 |  |  | $ | 7 |  |  | $ | 913 |
|  | Three Months Ended |
|  | September 30, 2018 |
(in millions) |  | Print Systems |  |  | Enterprise Inkjet Systems |  |  | Kodak Software |  |  | Brand, Film and Imaging |  |  | Advanced Materials and 3D Printing Technology |  |  | Eastman Business Park |  |  | Total |
Growth engines (1) |  | $ | 39 |  |  | $ | 27 |  |  | $ | 15 |  |  | $ | 8 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 90 |
Strategic other businesses (2) |  |  | 170 |  |  |  | — |  |  |  | — |  |  |  | 42 |  |  |  | — |  |  |  | 3 |  |  |  | 215 |
Planned declining businesses (3) |  |  | 8 |  |  |  | 12 |  |  |  | — |  |  |  | 4 |  |  |  | — |  |  |  | — |  |  |  | 24 |
|  | $ | 217 |  |  | $ | 39 |  |  | $ | 15 |  |  | $ | 54 |  |  | $ | 1 |  |  | $ | 3 |  |  | $ | 329 |
|  | Nine Months Ended |
|  | September 30, 2018 |
(in millions) |  | Print Systems |  |  | Enterprise Inkjet Systems |  |  | Kodak Software |  |  | Brand, Film and Imaging |  |  | Advanced Materials and 3D Printing Technology |  |  | Eastman Business Park |  |  | Total |
Growth engines (1) |  | $ | 113 |  |  | $ | 63 |  |  | $ | 47 |  |  | $ | 22 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 248 |
Strategic other businesses (2) |  |  | 520 |  |  |  | — |  |  |  | — |  |  |  | 124 |  |  |  | — |  |  |  | 7 |  |  |  | 651 |
Planned declining businesses (3) |  |  | 27 |  |  |  | 40 |  |  |  | — |  |  |  | 13 |  |  |  | — |  |  |  | — |  |  |  | 80 |
|  | $ | 660 |  |  | $ | 103 |  |  | $ | 47 |  |  | $ | 159 |  |  | $ | 3 |  |  | $ | 7 |  |  | $ | 979 |
(1) | Growth engines consist of Sonora, PROSPER, Kodak Software, brand licensing and AM3D, excluding intellectual property (IP) licensing.
(2) | Strategic Other Businesses include plates, Computer to Plate (“CTP”) equipment and related service, and Nexpress and related toner business in the Print Systems segment, Motion Picture and Industrial Film and Chemicals in the Brand, Film and Imaging segment, Eastman Business Park and IP licensing.
(3) | Planned Declining Businesses are product lines where the decision has been made to stop new product development and manage an orderly expected decline in the installed product and annuity base. These product families consist of Consumer Inkjet in the Brand, Film and Imaging segment, Versamark in the Enterprise Inkjet Systems segment and Digimaster in the Print Systems segment.
Geography:
|  | Three Months Ended |
|  | September 30, 2019 |
(in millions) |  | Print Systems |  |  | Enterprise Inkjet Systems |  |  | Kodak Software |  |  | Brand, Film and Imaging |  |  | Advanced Materials and 3D Printing Technology |  |  | Eastman Business Park |  |  | Total |
United States |  | $ | 65 |  |  | $ | 12 |  |  | $ | 6 |  |  | $ | 36 |  |  | $ | 1 |  |  | $ | 2 |  |  | $ | 122 |
Canada |  |  | 4 |  |  |  | — |  |  |  | 1 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 6 |
North America |  |  | 69 |  |  |  | 12 |  |  |  | 7 |  |  |  | 37 |  |  |  | 1 |  |  |  | 2 |  |  |  | 128 |
Europe, Middle East and Africa |  |  | 79 |  |  |  | 9 |  |  |  | 4 |  |  |  | 6 |  |  |  | — |  |  |  | — |  |  |  | 98 |
Asia Pacific |  |  | 53 |  |  |  | 7 |  |  |  | 3 |  |  |  | 13 |  |  |  | — |  |  |  | — |  |  |  | 76 |
Latin America |  |  | 12 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 13 |
Total Sales |  | $ | 213 |  |  | $ | 29 |  |  | $ | 14 |  |  | $ | 56 |  |  | $ | 1 |  |  | $ | 2 |  |  | $ | 315 |
|  | Nine Months Ended |
|  | September 30, 2019 |
(in millions) |  | Print Systems |  |  | Enterprise Inkjet Systems |  |  | Kodak Software |  |  | Brand, Film and Imaging |  |  | Advanced Materials and 3D Printing Technology |  |  | Eastman Business Park |  |  | Total |
United States |  | $ | 175 |  |  | $ | 38 |  |  | $ | 19 |  |  | $ | 101 |  |  | $ | 3 |  |  | $ | 7 |  |  | $ | 343 |
Canada |  |  | 11 |  |  |  | 1 |  |  |  | 2 |  |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | 16 |
North America |  |  | 186 |  |  |  | 39 |  |  |  | 21 |  |  |  | 103 |  |  |  | 3 |  |  |  | 7 |  |  |  | 359 |
Europe, Middle East and Africa |  |  | 238 |  |  |  | 30 |  |  |  | 14 |  |  |  | 16 |  |  |  | — |  |  |  | — |  |  |  | 298 |
Asia Pacific |  |  | 153 |  |  |  | 19 |  |  |  | 6 |  |  |  | 39 |  |  |  | — |  |  |  | — |  |  |  | 217 |
Latin America |  |  | 35 |  |  |  | 2 |  |  |  | 1 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 39 |
Total Sales |  | $ | 612 |  |  | $ | 90 |  |  | $ | 42 |  |  | $ | 159 |  |  | $ | 3 |  |  | $ | 7 |  |  | $ | 913 |
|  | Three Months Ended |
|  | September 30, 2018 |
(in millions) |  | Print Systems |  |  | Enterprise Inkjet Systems |  |  | Kodak Software |  |  | Brand, Film and Imaging |  |  | Advanced Materials and 3D Printing Technology |  |  | Eastman Business Park |  |  | Total |
United States |  | $ | 57 |  |  | $ | 13 |  |  | $ | 6 |  |  | $ | 33 |  |  | $ | 1 |  |  | $ | 3 |  |  | $ | 113 |
Canada |  |  | 3 |  |  |  | 1 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5 |
North America |  |  | 60 |  |  |  | 14 |  |  |  | 7 |  |  |  | 33 |  |  |  | 1 |  |  |  | 3 |  |  |  | 118 |
Europe, Middle East and Africa |  |  | 87 |  |  |  | 18 |  |  |  | 6 |  |  |  | 5 |  |  |  | — |  |  |  | — |  |  |  | 116 |
Asia Pacific |  |  | 56 |  |  |  | 7 |  |  |  | 1 |  |  |  | 15 |  |  |  | — |  |  |  | — |  |  |  | 79 |
Latin America |  |  | 14 |  |  |  | — |  |  |  | 1 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 16 |
Total Sales |  | $ | 217 |  |  | $ | 39 |  |  | $ | 15 |  |  | $ | 54 |  |  | $ | 1 |  |  | $ | 3 |  |  | $ | 329 |
|  | Nine Months Ended |
|  | September 30, 2018 |
(in millions) |  | Print Systems |  |  | Enterprise Inkjet Systems |  |  | Kodak Software |  |  | Brand, Film and Imaging |  |  | Advanced Materials and 3D Printing Technology |  |  | Eastman Business Park |  |  | Total |
United States |  | $ | 174 |  |  | $ | 35 |  |  | $ | 20 |  |  | $ | 98 |  |  | $ | 3 |  |  | $ | 7 |  |  | $ | 337 |
Canada |  |  | 9 |  |  |  | 1 |  |  |  | 3 |  |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | 15 |
North America |  |  | 183 |  |  |  | 36 |  |  |  | 23 |  |  |  | 100 |  |  |  | 3 |  |  |  | 7 |  |  |  | 352 |
Europe, Middle East and Africa |  |  | 273 |  |  |  | 43 |  |  |  | 17 |  |  |  | 15 |  |  |  | — |  |  |  | — |  |  |  | 348 |
Asia Pacific |  |  | 162 |  |  |  | 22 |  |  |  | 5 |  |  |  | 42 |  |  |  | — |  |  |  | — |  |  |  | 231 |
Latin America |  |  | 42 |  |  |  | 2 |  |  |  | 2 |  |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | 48 |
Total Sales |  | $ | 660 |  |  | $ | 103 |  |  | $ | 47 |  |  | $ | 159 |  |  | $ | 3 |  |  | $ | 7 |  |  | $ | 979 |
Contract Balances The timing of revenue recognition, billings and cash collections results in billed trade receivables, unbilled receivables (contract assets), and customer advances and deposits (contract liabilities) in the Consolidated Statement of Financial Position. The contract assets are transferred to trade receivables when the rights to consideration become unconditional. The amounts recorded for contract assets at September 30, 2019 and December 31, 2018 were $2 million and $3 million, respectively, and are reported in Other current assets in the Consolidated Statement of Financial Position. The contract liabilities primarily relate to prepaid service contracts, upfront payments for certain equipment purchases or prepaid royalties on intellectual property arrangements. The amounts recorded for contract liabilities at September 30, 2019 and December 31, 2018 were $61 million and $48 million, respectively, of which $42 million are reported in Other current liabilities in both periods and $19 million and $6 million, respectively, are reported in Other long-term liabilities in the Consolidated Statement of Financial Position. Revenue recognized for the quarter and nine months ended September 30, 2019 and 2018 that was included in the contract liability balance at the beginning of the year was $4 million and $34 million in 2019, respectively, and $1 million and $29 million in 2018, respectively, and primarily represented revenue from prepaid service contracts and equipment revenue recognition. Contract liabilities as of September 30, 2019 included $26 million and $43 million of cash payments received during the quarter and nine months ended September 30, 2019, respectively. Contract liabilities as of September 30, 2018 included $23 million and $31 million of cash payments received during the quarter and nine months ended September 30, 2018, respectively. Unsatisfied Performance Obligations Kodak does not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less or for which revenue is recognized at the amount to which Kodak has the right to invoice for services performed. Performance obligations with an original expected length of greater than one year generally consist of deferred service contracts, operating leases and licensing arrangements. As of September 30, 2019, there was approximately $70 million of unrecognized revenue from unsatisfied performance obligations. Approximately 10% of the revenue from unsatisfied performance obligations is expected to be recognized in the rest of 2019, 30% in 2020, 20% in 2021, 10% in both 2022 and 2023 and 20% thereafter.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
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