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Note 14 - Revenue | 12 Months Ended
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Dec. 31, 2021
Revenue From Contract With Customer [Abstract] |
Revenue | NOTE 14: REVENUE Disaggregation of Revenue The following tables present revenue disaggregated by major product, portfolio summary and geography. Major product:
|  | Year Ended |
|  | December 31, 2021 |
|  | Traditional Printing |  |  | Digital Printing |  |  | Advanced Materials and Chemicals |  |  | Brand |  |  | Other |  |  | Total |
Plates, inks and other consumables |  | $ | 530 |  |  | $ | 69 |  |  | $ | 24 |  |  | $ | — |  |  | $ | — |  |  | $ | 623 |
Ongoing service arrangements (1) |  |  | 79 |  |  |  | 134 |  |  |  | 6 |  |  |  | — |  |  |  | — |  |  |  | 219 |
Total Annuities |  |  | 609 |  |  |  | 203 |  |  |  | 30 |  |  |  | — |  |  |  | — |  |  |  | 842 |
Equipment & Software |  |  | 50 |  |  |  | 46 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 96 |
Film and chemicals |  |  | — |  |  |  | — |  |  |  | 180 |  |  |  | — |  |  |  | — |  |  |  | 180 |
Other (2) |  |  | — |  |  |  | — |  |  |  | 2 |  |  |  | 15 |  |  |  | 15 |  |  |  | 32 |
Total |  | $ | 659 |  |  | $ | 249 |  |  | $ | 212 |  |  | $ | 15 |  |  | $ | 15 |  |  | $ | 1,150 |
|  | Year Ended |
|  | December 31, 2020 |
|  | Traditional Printing |  |  | Digital Printing |  |  | Advanced Materials and Chemicals |  |  | Brand |  |  | Other |  |  | Total |
Plates, inks and other consumables |  | $ | 463 |  |  | $ | 64 |  |  | $ | 21 |  |  | $ | — |  |  | $ | — |  |  | $ | 548 |
Ongoing service arrangements (1) |  |  | 80 |  |  |  | 131 |  |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | 214 |
Total Annuities |  |  | 543 |  |  |  | 195 |  |  |  | 24 |  |  |  | — |  |  |  | — |  |  |  | 762 |
Equipment & Software |  |  | 49 |  |  |  | 46 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 95 |
Film and chemicals |  |  | — |  |  |  | — |  |  |  | 137 |  |  |  | — |  |  |  | — |  |  |  | 137 |
Other (2) |  |  | — |  |  |  | — |  |  |  | 11 |  |  |  | 13 |  |  |  | 11 |  |  |  | 35 |
Total |  | $ | 592 |  |  | $ | 241 |  |  | $ | 172 |  |  | $ | 13 |  |  | $ | 11 |  |  | $ | 1,029 |
|  | Year Ended |
|  | December 31, 2019 |
|  | Traditional Printing |  |  | Digital Printing |  |  | Advanced Materials and Chemicals |  |  | Brand |  |  | Other |  |  | Total |
Plates, inks and other consumables |  | $ | 572 |  |  | $ | 83 |  |  | $ | 13 |  |  | $ | — |  |  | $ | — |  |  | $ | 668 |
Ongoing service arrangements (1) |  |  | 86 |  |  |  | 155 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 241 |
Total Annuities |  |  | 658 |  |  |  | 238 |  |  |  | 13 |  |  |  | — |  |  |  | — |  |  |  | 909 |
Equipment & Software |  |  | 56 |  |  |  | 55 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 111 |
Film and chemicals |  |  | — |  |  |  | — |  |  |  | 169 |  |  |  | — |  |  |  | — |  |  |  | 169 |
Other (2) |  |  | 13 |  |  |  | — |  |  |  | 18 |  |  |  | 12 |  |  |  | 10 |  |  |  | 53 |
Total |  | $ | 727 |  |  | $ | 293 |  |  | $ | 200 |  |  | $ | 12 |  |  | $ | 10 |  |  | $ | 1,242 |
| (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:
|  | Year Ended |
|  | December 31, 2021 |
|  | Traditional Printing |  |  | Digital Printing |  |  | Advanced Materials and Chemicals |  |  | Brand |  |  | Other |  |  | Total |
Growth engines (1) |  | $ | 217 |  |  | $ | 142 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 359 |
Strategic other businesses (2) |  |  | 442 |  |  |  | 58 |  |  |  | 211 |  |  |  | 15 |  |  |  | 15 |  |  |  | 741 |
Planned declining businesses (3) |  |  | — |  |  |  | 49 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 50 |
|  | $ | 659 |  |  | $ | 249 |  |  | $ | 212 |  |  | $ | 15 |  |  | $ | 15 |  |  | $ | 1,150 |
|  | Year Ended |
|  | December 31, 2020 |
|  | Traditional Printing |  |  | Digital Printing |  |  | Advanced Materials and Chemicals |  |  | Brand |  |  | Other |  |  | Total |
Growth engines (1) |  | $ | 162 |  |  | $ | 135 |  |  | $ | 3 |  |  | $ | — |  |  | $ | — |  |  | $ | 300 |
Strategic other businesses (2) |  |  | 430 |  |  |  | 52 |  |  |  | 159 |  |  |  | 13 |  |  |  | 11 |  |  |  | 665 |
Planned declining businesses (3) |  |  | — |  |  |  | 54 |  |  |  | 10 |  |  |  | — |  |  |  | — |  |  |  | 64 |
|  | $ | 592 |  |  | $ | 241 |  |  | $ | 172 |  |  | $ | 13 |  |  | $ | 11 |  |  | $ | 1,029 |
|  | Year Ended |
|  | December 31, 2019 |
|  | Traditional Printing |  |  | Digital Printing |  |  | Advanced Materials and Chemicals |  |  | Brand |  |  | Other |  |  | Total |
Growth engines (1) |  | $ | 180 |  |  | $ | 140 |  |  | $ | 3 |  |  | $ | — |  |  | $ | — |  |  | $ | 323 |
Strategic other businesses (2) |  |  | 547 |  |  |  | 78 |  |  |  | 172 |  |  |  | 12 |  |  |  | 10 |  |  |  | 819 |
Planned declining businesses (3) |  |  | — |  |  |  | 75 |  |  |  | 25 |  |  |  | — |  |  |  | — |  |  |  | 100 |
|  | $ | 727 |  |  | $ | 293 |  |  | $ | 200 |  |  | $ | 12 |  |  | $ | 10 |  |  | $ | 1,242 |
| (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 CTP equipment and related service in the Traditional Printing segment; brand licensing; 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.
| (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 Consumer Inkjet, Kodak Services for Business (“KSB”) and Kodakit in the Advanced Materials and Chemicals segment and Versamark and Digimaster in the Digital Printing segment.
Geography (1):
|  | Year Ended |
|  | December 31, 2021 |
|  | Traditional Printing |  |  | Digital Printing |  |  | Advanced Materials and Chemicals |  |  | Brand |  |  | Other |  |  | Total |
United States |  | $ | 135 |  |  | $ | 109 |  |  | $ | 152 |  |  | $ | 15 |  |  | $ | 15 |  |  | $ | 426 |
Canada |  |  | 12 |  |  |  | 8 |  |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | 22 |
North America |  |  | 147 |  |  |  | 117 |  |  |  | 154 |  |  |  | 15 |  |  |  | 15 |  |  |  | 448 |
Europe, Middle East and Africa |  |  | 302 |  |  |  | 85 |  |  |  | 17 |  |  |  | — |  |  |  | — |  |  |  | 404 |
Asia Pacific |  |  | 181 |  |  |  | 43 |  |  |  | 41 |  |  |  | — |  |  |  | — |  |  |  | 265 |
Latin America |  |  | 29 |  |  |  | 4 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 33 |
Total Sales |  | $ | 659 |  |  | $ | 249 |  |  | $ | 212 |  |  | $ | 15 |  |  | $ | 15 |  |  | $ | 1,150 |
|  | Year Ended |
|  | December 31, 2020 |
|  | Traditional Printing |  |  | Digital Printing |  |  | Advanced Materials and Chemicals |  |  | Brand |  |  | Other |  |  | Total |
United States |  | $ | 121 |  |  | $ | 106 |  |  | $ | 115 |  |  | $ | 13 |  |  | $ | 11 |  |  | $ | 366 |
Canada |  |  | 14 |  |  |  | 8 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 23 |
North America |  |  | 135 |  |  |  | 114 |  |  |  | 116 |  |  |  | 13 |  |  |  | 11 |  |  |  | 389 |
Europe, Middle East and Africa |  |  | 257 |  |  |  | 86 |  |  |  | 12 |  |  |  | — |  |  |  | — |  |  |  | 355 |
Asia Pacific |  |  | 171 |  |  |  | 37 |  |  |  | 43 |  |  |  | — |  |  |  | — |  |  |  | 251 |
Latin America |  |  | 29 |  |  |  | 4 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 34 |
Total Sales |  | $ | 592 |  |  | $ | 241 |  |  | $ | 172 |  |  | $ | 13 |  |  | $ | 11 |  |  | $ | 1,029 |
|  | Year Ended |
|  | December 31, 2019 |
|  | Traditional Printing |  |  | Digital Printing |  |  | Advanced Materials and Chemicals |  |  | Brand |  |  | Other |  |  | Total |
United States |  | $ | 162 |  |  | $ | 147 |  |  | $ | 122 |  |  | $ | 12 |  |  | $ | 10 |  |  | $ | 453 |
Canada |  |  | 13 |  |  |  | 8 |  |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | 23 |
North America |  |  | 175 |  |  |  | 155 |  |  |  | 124 |  |  |  | 12 |  |  |  | 10 |  |  |  | 476 |
Europe, Middle East and Africa |  |  | 300 |  |  |  | 87 |  |  |  | 21 |  |  |  | — |  |  |  | — |  |  |  | 408 |
Asia Pacific |  |  | 208 |  |  |  | 44 |  |  |  | 54 |  |  |  | — |  |  |  | — |  |  |  | 306 |
Latin America |  |  | 44 |  |  |  | 7 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 52 |
Total Sales |  | $ | 727 |  |  | $ | 293 |  |  | $ | 200 |  |  | $ | 12 |  |  | $ | 10 |  |  | $ | 1,242 |
| (1) | Sales are reported in the geographic area in which they originate. No non-U.S. country generated more than 10% of net sales in the years ended December 31, 2021, 2020 and 2019.
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 amounts recorded for contract assets are 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 are reported in Other current liabilities and Other long-term liabilities in the Consolidated Statement of Financial Position. Contract assets and liabilities consisted of the following:
|  | As of December 31, |
(in millions) |  | 2021 |  |  | 2020 |
Contract assets |  | $ | 3 |  |  | $ | 2 |
Contract liabilities - current |  |  | 43 |  |  |  | 47 |
Contract liabilities - long-term |  |  | 14 |  |  |  | 17 |
Total |  | $ | 57 |  |  | $ | 64 |
Activity in deferred revenue accounts consisted of:
|  | Year Ended December 31, |
(in millions) |  | 2021 |  |  | 2020 |  |  | 2019 |
Beginning liabilities recognized in revenue |  | $ | 37 |  |  | $ | 43 |  |  | $ | 34 |
Cash payments received, net of revenue recognized |  |  | 28 |  |  |  | 41 |  |  |  | 47 |

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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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