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Note 22 - Segment Information | 6 Months Ended
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Jun. 30, 2020
Segment Reporting [Abstract] |
Segment Information | NOTE 22: SEGMENT INFORMATION Change in Segments Effective January 1, 2020 Kodak changed its organizational structure. Prepress Solutions, formerly part of the Print Systems segment, operates as a separate segment named the Traditional Printing segment. Electrophotographic Printing Solutions, formerly part of the Print Systems segment, was combined with the Enterprise Inkjet Systems segment and Kodak Software segment to form the Digital Printing segment. The Brand, Film and Imaging segment, except for the licensing of the Kodak brand to third parties, was combined with the Advanced Materials and 3D Printing segment to form the Advanced Materials and Chemicals segment. The licensing of the Kodak brand to third parties operates as a separate segment named the Brand segment. The Eastman Business Park segment is no longer a reportable segment. A description of Kodak’s reportable segments follows. Traditional Printing: The Traditional Printing segment is comprised of Prepress Solutions. Digital Printing: The Digital Printing segment is comprised of four lines of business: the Electrophotographic Printing Solutions business, the Prosper business, the Versamark business and the Kodak Software business. Advanced Materials and Chemicals: The Advanced Materials and Chemicals segment is comprised of five lines of business: Industrial Film and Chemicals, Motion Picture, Advanced Materials and Functional Printing Technology and Kodak Services for Business. Brand: The Brand segment contains the brand licensing business. All Other: All Other is comprised of the operations of the Eastman Business Park, a more than 1,200-acre technology center and industrial complex. Segment financial information is shown below: Segment Revenues
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
(in millions) |  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Traditional Printing |  | $ | 119 |  |  | $ | 181 |  |  | $ | 273 |  |  | $ | 347 |
Digital Printing |  |  | 52 |  |  |  | 69 |  |  |  | 117 |  |  |  | 141 |
Advanced Materials and Chemicals |  |  | 38 |  |  |  | 52 |  |  |  | 80 |  |  |  | 100 |
Brand |  |  | 2 |  |  |  | 2 |  |  |  | 5 |  |  |  | 5 |
All Other |  |  | 2 |  |  |  | 3 |  |  |  | 5 |  |  |  | 5 |
Consolidated total |  | $ | 213 |  |  | $ | 307 |  |  | $ | 480 |  |  | $ | 598 |
Segment Operational EBITDA and Consolidated (Loss) Income from Continuing Operations Before Income Taxes
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
(in millions) |  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Traditional Printing |  | $ | 1 |  |  | $ | 9 |  |  | $ | 2 |  |  | $ | 15 |
Digital Printing |  |  | (3 | ) |  |  | (4 | ) |  |  | (5 | ) |  |  | (6 | )
Advanced Materials and Chemicals |  |  | (7 | ) |  |  | (8 | ) |  |  | (16 | ) |  |  | (18 | )
Brand |  |  | 2 |  |  |  | 2 |  |  |  | 4 |  |  |  | 3 |
Total of reportable segments |  |  | (7 | ) |  |  | (1 | ) |  |  | (15 | ) |  |  | (6 | )
All Other |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | (1 | )
Depreciation and amortization |  |  | (10 | ) |  |  | (14 | ) |  |  | (20 | ) |  |  | (29 | )
Restructuring costs and other |  |  | (1 | ) |  |  | (2 | ) |  |  | (8 | ) |  |  | (4 | )
Stock based compensation |  |  | — |  |  |  | (2 | ) |  |  | (1 | ) |  |  | (5 | )
Consulting and other costs (1) |  |  | (1 | ) |  |  | (2 | ) |  |  | (1 | ) |  |  | (5 | )
Idle costs (2) |  |  | (1 | ) |  |  | (2 | ) |  |  | (1 | ) |  |  | (3 | )
Former CEO separation agreement compensation |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (2 | )
Other operating (loss) income, net, excluding income from transition services agreement (3) |  |  | — |  |  |  | (2 | ) |  |  | 6 |  |  |  | (2 | )
Interest expense (4) |  |  | (4 | ) |  |  | (5 | ) |  |  | (8 | ) |  |  | (8 | )
Pension income excluding service cost component (4) |  |  | 27 |  |  |  | 26 |  |  |  | 53 |  |  |  | 53 |
Other (charges) income, net (4) |  |  | (8 | ) |  |  | — |  |  |  | 45 |  |  |  | (1 | )
Consolidated (loss) income from continuing operations before income taxes |  | $ | (4 | ) |  | $ | (4 | ) |  | $ | 50 |  |  | $ | (13 | )
| (1) | Consulting and other costs are primarily professional services and internal costs associated with certain corporate strategic initiatives.
| (2) | Consists of costs such as security, maintenance and utilities required to maintain land and buildings in certain locations not used in any Kodak operations and the costs, net of any rental income received, of underutilized portions of certain properties.
| (3) | $2 million of income from the transition services agreement with the Purchaser was recognized in the three months ended June 30, 2020 and the three and six months ended June 30, 2019. $4 million of income from the transition services agreement was recognized in the six months ended June 30, 2020. The income was reported in Other operating income, net in the Consolidated Statement of Operations. Other operating income, net is typically excluded from the segment measure. However, the income from the transition services agreement was included in the segment measure.
| (4) | As reported in the Consolidated Statement of Operations.
Segment Measure of Profit and Loss Kodak’s segment measure of profit and loss is an adjusted earnings before interest, taxes, depreciation and amortization (“Operational EBITDA”). As demonstrated in the above table, Operational EBITDA represents the earnings (loss) from continuing operations excluding the provision for income taxes; non-service cost components of pension and OPEB income; depreciation and amortization expense; restructuring costs; stock-based compensation expense; consulting and other costs; idle costs; former Chief Executive Officer (“CEO”) separation agreement compensation; other operating (loss) income, net (unless otherwise indicated); interest expense; and other (charges) income, net. Kodak’s segments are measured using Operational EBITDA both before and after allocation of corporate selling, general and administrative expenses (“SG&A”). The segment earnings measure reported is after allocation of corporate SG&A as this most closely aligns with U.S. GAAP. Research and Development activities not directly related to the other segments are reported within the Advanced Materials and Chemicals segment.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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