XML 117 R8.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statement of Cash Flow - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net (loss) earnings $ 116 $ (16)
Adjustments to reconcile to net cash used in operating activities:    
Depreciation and amortization 55 73
Pension and other postretirement income (91) (106)
Change in fair value of embedded conversion features derivative liability [1] 42  
Asset impairments [2],[3] 6 13
Stock based compensation 7 6
Non-cash changes in workers' compensation and legal reserves 3 (11)
Net gains on sales of businesses/assets (201) (13)
Provision for deferred income taxes 21 18
Decrease in trade receivables 21 12
Decrease (increase) in inventories 11 (9)
Increase (decrease) in trade accounts payable 25 (31)
Decrease in liabilities excluding borrowings (10) (31)
Other items, net 7 33
Total adjustments (104) (46)
Net cash provided by (used in) operating activities 12 (62)
Cash flows from investing activities:    
Additions to properties (15) (33)
Net proceeds from sales of businesses/assets, net 326 11
Net cash provided by (used in) investing activities 311 (22)
Cash flows from financing activities:    
Repayment of emergence credit facilities (395)  
Proceeds from issuance of convertible notes 98  
Proceeds from other borrowings 14  
Payment of contingent consideration related to the sale of a business (10)  
Preferred stock dividend payments (3) (8)
Finance lease payments (2) (3)
Net cash used in financing activities (298) (11)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (2) (7)
Net increase (decrease) in cash, cash equivalents, restricted cash and cash in assets held for sale 23 (102)
Cash, cash equivalents, restricted cash and cash in assets held for sale, beginning of period [4] 267 369
Cash, cash equivalents, restricted cash and cash in assets held for sale, end of period [4] 290 267
Cash paid for interest and income taxes was:    
Interest, net of portion capitalized of $0 and $1 as of December 31, 2019 and 2018, respectively 21 28
Income taxes (net of refunds) $ 17 $ (9)
[1] Refer to Note 14, “Financial Instruments”.
[2] In the fourth quarter of 2019, Kodak determined the carrying value of one building no longer in use exceeded its fair value and recorded an impairment charge of $2 million.
[3] In the fourth quarters of 2019 and 2018, Kodak recorded impairment charges of $4 million and $13 million, respectively, related to the Kodak trade name. Refer to Note 5, “Goodwill and Other Intangible Assets”.
[4] Refer to Note 2, “Cash, Cash Equivalents and Restricted Cash” for a breakdown of cash, cash equivalents, restricted cash and cash in assets held for sale.