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Note 24 - Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Derivatives Not Designated as Hedging Instruments

The net effect of foreign currency forward contracts in the results of operations is shown in the following table:

		Three Months Ended								Six Months Ended
		June 30,								June 30,
(in millions)		2020				2019				2020				2019
Net (gain) loss from derivatives not designated as hedging    instruments		$	(1	)		$	1			$	(2	)		$	(3	)

Derivative Liability (Asset) Key Inputs in Determination of Fair Value for Embedded Conversion Features and Termination Option

The following tables present the key inputs in the determination of fair value for the embedded conversion features and termination option derivatives:

Convertible Notes:

		Valuation Date
		June 30,				December 31,
		2020				2019
Total value of embedded derivative liability ($ millions)		$	9			$	51
Kodak's closing stock price		$	2.23			$	4.65
Expected stock price volatility			98.82	%			104.61	%
Risk free rate			0.16	%			1.58	%
Yield on the convertible notes			11.15	%			11.52	%

Series A Preferred Stock:

		Valuation Date
		June 30,				December 31,
		2020				2019
Total value of embedded derivative (asset) liability ($ millions)		$	(6	)		$	1
Kodak's closing stock price		$	2.23			$	4.65
Expected stock price volatility			98.82	%			104.61	%
Risk free rate			0.16	%			1.58	%
Yield on the preferred stock			15.51	%			16.27	%

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- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique used to measure similar asset in prior period by class of asset or liability on non-recurring basis.

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Tabular disclosure of derivative instrument not designated or qualifying as hedging instrument.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
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