Note 7 - Other Current Liabilities

12 Months Ended

Dec. 31, 2019

Other Liabilities Current [Abstract]

NOTE 7: OTHER CURRENT LIABILITIES

	As of December 31,
(in millions)	2019		2018
Employment-related liabilities	$	38	$	41
Deferred revenue and customer deposits		43		42
Customer rebates		23		26
Deferred consideration on disposed businesses⁽¹⁾		14		24
Series A Preferred Stock dividends payable		14		6
Restructuring liabilities		12		8
Workers' compensation		10		9
Transition services agreement prepayment		3		—
Other		44		53
Total	$	201	$	209

⁽¹⁾

On September 3, 2013, Kodak consummated the sale of certain assets and the assumption of certain liabilities of the Personalized Imaging and Document Imaging Businesses (“PI/DI Businesses”) to the trustee of the U. K. pension plan (and/or its subsidiaries, collectively the “KPP Purchasing Parties”) for net cash consideration of $325 million. Up to $35 million in aggregate of the purchase price is subject to repayment if the PI/DI Business does not achieve certain annual adjusted EBITDA targets over the four-year period ending December 31, 2018. The PI/DI Business did not achieve the adjusted annual EBITDA target for any year in the four-year period. The amounts owed for 2015 and 2016 were paid in 2016 and 2017, respectively. The amount owed for 2017 was paid in 2019. The maximum potential payment related to the year ending December 31, 2018 of $14 million was accrued at the time of the divestiture of the business.

The customer rebate amounts will potentially be settled through customer deductions applied to outstanding trade receivables in lieu of cash payments.

The Other component above consists of other miscellaneous current liabilities that, individually, were less than 5% of the total current liabilities component within the Consolidated Statement of Financial Position, and therefore have been aggregated in accordance with Regulation S-X.