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Note 10 - Revenue | 9 Months Ended
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Sep. 30, 2021
Revenue From Contract With Customer [Abstract] |
Revenue | NOTE 10: REVENUE Disaggregation of Revenue The following tables present revenue disaggregated by major product, portfolio summary and geography. Major Product:
Three Months Ended |
September 30, 2021 |
(in millions) |  | Traditional Printing |  |  | Digital Printing |  |  | Advanced Materials and Chemicals |  |  | Brand |  |  | All Other |  |  | Total |
Plates, inks and other consumables |  | $ | 134 |  |  | $ | 18 |  |  | $ | 7 |  |  | $ | — |  |  | $ | — |  |  | $ | 159 |
Ongoing service arrangements (1) |  |  | 20 |  |  |  | 33 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 54 |
Total annuities |  |  | 154 |  |  |  | 51 |  |  |  | 8 |  |  |  | — |  |  |  | — |  |  |  | 213 |
Equipment & software |  |  | 12 |  |  |  | 7 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 19 |
Film and chemicals |  |  | — |  |  |  | — |  |  |  | 47 |  |  |  | — |  |  |  | — |  |  |  | 47 |
Other (2) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4 |  |  |  | 4 |  |  |  | 8 |
Total |  | $ | 166 |  |  | $ | 58 |  |  | $ | 55 |  |  | $ | 4 |  |  | $ | 4 |  |  | $ | 287 |
Nine Months Ended |
September 30, 2021 |
(in millions) |  | Traditional Printing |  |  | Digital Printing |  |  | Advanced Materials and Chemicals |  |  | Brand |  |  | All Other |  |  | Total |
Plates, inks and other consumables |  | $ | 389 |  |  | $ | 50 |  |  | $ | 17 |  |  | $ | — |  |  | $ | — |  |  | $ | 456 |
Ongoing service arrangements (1) |  |  | 60 |  |  |  | 101 |  |  |  | 4 |  |  |  | — |  |  |  | — |  |  |  | 165 |
Total annuities |  |  | 449 |  |  |  | 151 |  |  |  | 21 |  |  |  | — |  |  |  | — |  |  |  | 621 |
Equipment & software |  |  | 34 |  |  |  | 33 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 67 |
Film and chemicals |  |  | — |  |  |  | — |  |  |  | 133 |  |  |  | — |  |  |  | — |  |  |  | 133 |
Other (2) |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | 10 |  |  |  | 11 |  |  |  | 22 |
Total |  | $ | 483 |  |  | $ | 184 |  |  | $ | 155 |  |  | $ | 10 |  |  | $ | 11 |  |  | $ | 843 |
Three Months Ended |
September 30, 2020 |
(in millions) |  | Traditional Printing |  |  | Digital Printing |  |  | Advanced Materials and Chemicals |  |  | Brand |  |  | All Other |  |  | Total |
Plates, inks and other consumables |  | $ | 114 |  |  | $ | 15 |  |  | $ | 5 |  |  | $ | — |  |  | $ | — |  |  | $ | 134 |
Ongoing service arrangements (1) |  |  | 20 |  |  |  | 33 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 54 |
Total annuities |  |  | 134 |  |  |  | 48 |  |  |  | 6 |  |  |  | — |  |  |  | — |  |  |  | 188 |
Equipment & software |  |  | 12 |  |  |  | 8 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 20 |
Film and chemicals |  |  | — |  |  |  | — |  |  |  | 36 |  |  |  | — |  |  |  | — |  |  |  | 36 |
Other (2) |  |  | — |  |  |  | — |  |  |  | 2 |  |  |  | 3 |  |  |  | 3 |  |  |  | 8 |
Total |  | $ | 146 |  |  | $ | 56 |  |  | $ | 44 |  |  | $ | 3 |  |  | $ | 3 |  |  | $ | 252 |
Nine Months Ended |
September 30, 2020 |
(in millions) |  | Traditional Printing |  |  | Digital Printing |  |  | Advanced Materials and Chemicals |  |  | Brand |  |  | All Other |  |  | Total |
Plates, inks and other consumables |  | $ | 330 |  |  | $ | 45 |  |  | $ | 18 |  |  | $ | — |  |  | $ | — |  |  | $ | 393 |
Ongoing service arrangements (1) |  |  | 60 |  |  |  | 97 |  |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | 159 |
Total annuities |  |  | 390 |  |  |  | 142 |  |  |  | 20 |  |  |  | — |  |  |  | — |  |  |  | 552 |
Equipment & software |  |  | 29 |  |  |  | 31 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 60 |
Film and chemicals |  |  | — |  |  |  | — |  |  |  | 97 |  |  |  | — |  |  |  | — |  |  |  | 97 |
Other (2) |  |  | — |  |  |  | — |  |  |  | 7 |  |  |  | 8 |  |  |  | 8 |  |  |  | 23 |
Total |  | $ | 419 |  |  | $ | 173 |  |  | $ | 124 |  |  | $ | 8 |  |  | $ | 8 |  |  | $ | 732 |
(1) | Service revenue in the Consolidated Statement of Operations includes the ongoing service revenue shown above as well as revenue from project-based document management and managed print services businesses, which is included in Other above.
(2) | Other includes revenue from professional services, non-recurring engineering services, print and managed media services, tenant rent and related property management services and licensing.
Product Portfolio Summary:
Three Months Ended |
September 30, 2021 |
(in millions) |  | Traditional Printing |  |  | Digital Printing |  |  | Advanced Materials and Chemicals |  |  | Brand |  |  | All Other |  |  | Total |
Growth engines (1) |  | $ | 56 |  |  | $ | 32 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 88 |
Strategic other businesses (2) |  |  | 110 |  |  |  | 14 |  |  |  | 55 |  |  |  | 4 |  |  |  | 4 |  |  |  | 187 |
Planned declining businesses (3) |  |  | — |  |  |  | 12 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 12 |
Total |  | $ | 166 |  |  | $ | 58 |  |  | $ | 55 |  |  | $ | 4 |  |  | $ | 4 |  |  | $ | 287 |
Nine Months Ended |
September 30, 2021 |
(in millions) |  | Traditional Printing |  |  | Digital Printing |  |  | Advanced Materials and Chemicals |  |  | Brand |  |  | All Other |  |  | Total |
Growth engines (1) |  | $ | 156 |  |  | $ | 105 |  |  |  | — |  |  |  | — |  |  | $ | — |  |  | $ | 261 |
Strategic other businesses (2) |  |  | 327 |  |  |  | 42 |  |  |  | 155 |  |  |  | 10 |  |  |  | 11 |  |  |  | 545 |
Planned declining businesses (3) |  |  | — |  |  |  | 37 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 37 |
Total |  | $ | 483 |  |  | $ | 184 |  |  | $ | 155 |  |  | $ | 10 |  |  | $ | 11 |  |  | $ | 843 |
Three Months Ended |
September 30, 2020 |
(in millions) |  | Traditional Printing |  |  | Digital Printing |  |  | Advanced Materials and Chemicals |  |  | Brand |  |  | All Other |  |  | Total |
Growth engines (1) |  | $ | 41 |  |  | $ | 32 |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | 74 |
Strategic other businesses (2) |  |  | 105 |  |  |  | 12 |  |  |  | 42 |  |  |  | 3 |  |  |  | 3 |  |  |  | 165 |
Planned declining businesses (3) |  |  | — |  |  |  | 12 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 13 |
Total |  | $ | 146 |  |  | $ | 56 |  |  | $ | 44 |  |  | $ | 3 |  |  | $ | 3 |  |  | $ | 252 |
Nine Months Ended |
September 30, 2020 |
(in millions) |  | Traditional Printing |  |  | Digital Printing |  |  | Advanced Materials and Chemicals |  |  | Brand |  |  | All Other |  |  | Total |
Growth engines (1) |  | $ | 112 |  |  | $ | 98 |  |  | $ | 2 |  |  | $ | — |  |  | $ | — |  |  | $ | 212 |
Strategic other businesses (2) |  |  | 307 |  |  |  | 37 |  |  |  | 115 |  |  |  | 8 |  |  |  | 8 |  |  |  | 475 |
Planned declining businesses (3) |  |  | — |  |  |  | 38 |  |  |  | 7 |  |  |  | — |  |  |  | — |  |  |  | 45 |
Total |  | $ | 419 |  |  | $ | 173 |  |  | $ | 124 |  |  | $ | 8 |  |  | $ | 8 |  |  | $ | 732 |
(1) | Growth engines consist of Sonora in the Traditional Printing segment, PROSPER and Software in the Digital Printing segment, and Advanced Materials and Functional Printing in the Advanced Materials and Chemicals segment, excluding intellectual property (“IP”) licensing.
(2) | Strategic other businesses include plates and Computer to Plate (“CTP”) equipment and related service in the Traditional Printing segment; Nexpress and related toner business in the Digital Printing segment and Motion Picture and Industrial Film and Chemicals (including external inks) and IP licensing in the Advanced Materials and Chemicals segment; the Brand segment and All Other.
(3) | Planned declining businesses are product lines where the decision has been made to stop new product development and manage an orderly expected decline in the installed product and annuity base or are otherwise not strategic to Kodak. These product families consist of KSB in the Advanced Materials and Chemicals segment and Versamark and Digimaster in the Digital Printing segment.
Geography (1):
Three Months Ended |
September 30, 2021 |
(in millions) |  | Traditional Printing |  |  | Digital Printing |  |  | Advanced Materials and Chemicals |  |  | Brand |  |  | All Other |  |  | Total |
United States |  | $ | 36 |  |  | $ | 25 |  |  | $ | 40 |  |  | $ | 4 |  |  | $ | 4 |  |  | $ | 109 |
Canada |  |  | 3 |  |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5 |
North America |  |  | 39 |  |  |  | 27 |  |  |  | 40 |  |  |  | 4 |  |  |  | 4 |  |  |  | 114 |
Europe, Middle East and Africa |  |  | 75 |  |  |  | 21 |  |  |  | 4 |  |  |  | — |  |  |  | — |  |  |  | 100 |
Asia Pacific |  |  | 44 |  |  |  | 9 |  |  |  | 11 |  |  |  | — |  |  |  | — |  |  |  | 64 |
Latin America |  |  | 8 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 9 |
Total |  | $ | 166 |  |  | $ | 58 |  |  | $ | 55 |  |  | $ | 4 |  |  | $ | 4 |  |  | $ | 287 |
Nine Months Ended |
September 30, 2021 |
(in millions) |  | Traditional Printing |  |  | Digital Printing |  |  | Advanced Materials and Chemicals |  |  | Brand |  |  | All Other |  |  | Total |
United States |  | $ | 101 |  |  | $ | 78 |  |  | $ | 111 |  |  | $ | 10 |  |  | $ | 11 |  |  | $ | 311 |
Canada |  |  | 9 |  |  |  | 7 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 17 |
North America |  |  | 110 |  |  |  | 85 |  |  |  | 112 |  |  |  | 10 |  |  |  | 11 |  |  |  | 328 |
Europe, Middle East and Africa |  |  | 219 |  |  |  | 62 |  |  |  | 12 |  |  |  | — |  |  |  | — |  |  |  | 293 |
Asia Pacific |  |  | 132 |  |  |  | 34 |  |  |  | 31 |  |  |  | — |  |  |  | — |  |  |  | 197 |
Latin America |  |  | 22 |  |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 25 |
Total |  | $ | 483 |  |  | $ | 184 |  |  | $ | 155 |  |  | $ | 10 |  |  | $ | 11 |  |  | $ | 843 |
Three Months Ended |
September 30, 2020 |
(in millions) |  | Traditional Printing |  |  | Digital Printing |  |  | Advanced Materials and Chemicals |  |  | Brand |  |  | All Other |  |  | Total |
United States |  | $ | 29 |  |  | $ | 25 |  |  | $ | 30 |  |  | $ | 3 |  |  | $ | 3 |  |  | $ | 90 |
Canada |  |  | 5 |  |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 8 |
North America |  |  | 34 |  |  |  | 28 |  |  |  | 30 |  |  |  | 3 |  |  |  | 3 |  |  |  | 98 |
Europe, Middle East and Africa |  |  | 64 |  |  |  | 19 |  |  |  | 4 |  |  |  | — |  |  |  | — |  |  |  | 87 |
Asia Pacific |  |  | 41 |  |  |  | 8 |  |  |  | 10 |  |  |  | — |  |  |  | — |  |  |  | 59 |
Latin America |  |  | 7 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 8 |
Total |  | $ | 146 |  |  | $ | 56 |  |  | $ | 44 |  |  | $ | 3 |  |  | $ | 3 |  |  | $ | 252 |
Nine Months Ended |
September 30, 2020 |
(in millions) |  | Traditional Printing |  |  | Digital Printing |  |  | Advanced Materials and Chemicals |  |  | Brand |  |  | All Other |  |  | Total |
United States |  | $ | 90 |  |  | $ | 77 |  |  | $ | 85 |  |  | $ | 8 |  |  | $ | 8 |  |  | $ | 268 |
Canada |  |  | 11 |  |  |  | 6 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 18 |
North America |  |  | 101 |  |  |  | 83 |  |  |  | 86 |  |  |  | 8 |  |  |  | 8 |  |  |  | 286 |
Europe, Middle East and Africa |  |  | 181 |  |  |  | 61 |  |  |  | 9 |  |  |  | — |  |  |  | — |  |  |  | 251 |
Asia Pacific |  |  | 116 |  |  |  | 26 |  |  |  | 29 |  |  |  | — |  |  |  | — |  |  |  | 171 |
Latin America |  |  | 21 |  |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 24 |
Total |  | $ | 419 |  |  | $ | 173 |  |  | $ | 124 |  |  | $ | 8 |  |  | $ | 8 |  |  | $ | 732 |
| (1) | Sales are reported in the geographic area in which they originate.
Contract Balances The timing of revenue recognition, billings and cash collections results in billed trade receivables, unbilled receivables (contract assets), and customer advances and deposits (contract liabilities) in the Consolidated Statement of Financial Position. The contract assets are transferred to trade receivables when the rights to consideration become unconditional. The amount recorded for contract assets at both September 30, 2021 and December 31, 2020 was $2 million and is reported in Other current assets in the Consolidated Statement of Financial Position. The contract liabilities primarily relate to prepaid service contracts, upfront payments for certain equipment purchases or prepaid royalties on intellectual property arrangements. The amounts recorded for contract liabilities at September 30, 2021 and December 31, 2020 were $58 million and $64 million, respectively, of which $43 million and $47 million are reported in Other current liabilities, respectively, and $15 million and $17 million, respectively, are reported in Other long-term liabilities in the Consolidated Statement of Financial Position. Revenue recognized for the three and nine months ended September 30, 2021 and 2020 that was included in the contract liability balance at the beginning of the year was $9 million and $34 million in 2021, respectively, and $4 million and $35 million in 2020, respectively, and primarily represented revenue from prepaid service contracts and equipment revenue recognition. Contract liabilities as of September 30, 2021 included $19 million and $26 million of cash payments received during the three and nine months ended September 30, 2021 respectively. Contract liabilities as of September 30, 2020 included $21 million and $31 million of cash payments received during the three and nine months ended September 30, 2020, respectively. Kodak does not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less or for which revenue is recognized at the amount to which Kodak has the right to invoice for services performed. Performance obligations with an original expected length of greater than one year generally consist of deferred service contracts, operating leases and licensing arrangements. As of September 30, 2021, there was approximately $70 million of unrecognized revenue from unsatisfied performance obligations. Approximately 10% of the revenue from unsatisfied performance obligations is expected to be recognized in the remainder of 2021, 30% in 2022, 20% in 2023, 15% in 2024 and 25% thereafter.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 + Details
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