XML 42 R23.htm IDEA: XBRL DOCUMENT
v3.19.3

Note 16 - Restructuring Liabilities | 9 Months Ended
--- | ---
Sep. 30, 2019
Restructuring And Related Activities [Abstract] |
Restructuring Liabilities | NOTE 16: RESTRUCTURING LIABILITIES Charges for restructuring activities are recorded in the period in which Kodak commits to a formalized restructuring plan, or executes the specific actions contemplated by the plan, and all criteria for liability recognition under the applicable accounting guidance have been met. Restructuring actions taken in the first nine months of 2019 were initiated to reduce Kodak’s cost structure as part of its commitment to drive sustainable profitability and included various targeted reductions in manufacturing, service, sales and other administrative functions. Restructuring Reserve Activity The activity in the accrued balances and the non-cash charges and credits incurred in relation to restructuring activities for the nine months ended September 30, 2019 were as follows:
(in millions) |  | Severance Reserve (1) |  |  | Exit Costs Reserve (1) |  |  | Long-lived Asset Impairments and Inventory Write-downs (1) |  |  | Total |
Balance as of December 31, 2018 |  | $ | 6 |  |  | $ | 2 |  |  | $ | — |  |  | $ | 8 |
Q1 charges |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | 2 |
Q1 utilization/cash payments |  |  | (2 | ) |  |  | — |  |  |  | — |  |  |  | (2 | )
Q1 other adjustments and reclasses (2) |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | (1 | )
Balance as of March 31, 2019 |  | $ | 5 |  |  | $ | 2 |  |  | $ | — |  |  | $ | 7 |
Q2 charges - continuing operations |  | $ | 2 |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |
Q2 charges - discontinued operations |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 1 |
Q2 utilization/cash payments |  |  | (2 | ) |  |  | — |  |  |  | — |  |  |  | (2 | )
Q2 other adjustments and reclasses (2) |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | (1 | )
Balance as of June 30, 2019 |  | $ | 5 |  |  | $ | 2 |  |  | $ | — |  |  | $ | 7 |
Q3 charges |  | $ | 3 |  |  | $ | — |  |  | $ | — |  |  | $ | 3 |
Q3 utilization/cash payments |  |  | (2 | ) |  |  | (1 | ) |  |  | — |  |  |  | (3 | )
Balance as of September 30, 2019 |  | $ | 6 |  |  | $ | 1 |  |  | $ | — |  |  | $ | 7 |
(1) | The severance and exit costs reserves require the outlay of cash, while long-lived asset impairments and inventory write-downs represent non-cash items.
(2)Represents severance charges funded from pension plan assets, which were reclassified to Pension and other postretirement liabilities. The $3 million of charges for the three months ended September 30, 2019 was reported as Restructuring costs and other. The severance costs for the three months ended September 30, 2019 related to the elimination of approximately 25 positions including approximately 10 manufacturing/service positions, and 15 administrative and sales positions. The geographic composition of these positions includes approximately 10 in the United States and Canada and 15 throughout the rest of the world. For the nine months ended September 30, 2019, $7 million of charges was reported as Restructuring costs and other and $1 million was reported in Income from discontinued operations. The severance costs for the nine months ended September 30, 2019 related to the elimination of approximately 100 positions, including approximately 30 manufacturing/service positions and 70 administrative and sales positions. The geographic composition of these positions includes approximately 50 in the United States and Canada and 50 throughout the rest of the world. As a result of these initiatives, the majority of the severance will be paid during periods through the end of the first quarter of 2020.

X
- References No definition available. + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 + Details
Name: | us-gaap_RestructuringAndRelatedActivitiesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration