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Note 26 - Segment Information | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
Segment Information | NOTE 26: SEGMENT INFORMATION Kodak has four reportable segments: Traditional Printing, Digital Printing, Advanced Materials and Chemicals and Brand. 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 Software business. Advanced Materials and Chemicals: The Advanced Materials and Chemicals segment is comprised of four lines of business: Industrial Film and Chemicals, Motion Picture, Advanced Materials and Functional Printing and KSB. KSB was sold to Swiss Post Solutions in December 2020. 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. Asset information by segment is not disclosed as this information is not separately identified and reported to the Chief Operating Decision Maker. Net Revenues from Continuing Operations by Reportable Segment
|  | Year Ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
(in millions) |  |  |  |  |  |  |  |  |  |  |  |
Traditional Printing |  | $ | 659 |  |  | $ | 592 |  |  | $ | 727 |
Digital Printing |  |  | 249 |  |  |  | 241 |  |  |  | 293 |
Advanced Materials and Chemicals |  |  | 212 |  |  |  | 172 |  |  |  | 200 |
Brand |  |  | 15 |  |  |  | 13 |  |  |  | 12 |
Total of reportable segments |  |  | 1,135 |  |  |  | 1,018 |  |  |  | 1,232 |
Other |  |  | 15 |  |  |  | 11 |  |  |  | 10 |
Consolidated total |  | $ | 1,150 |  |  | $ | 1,029 |  |  | $ | 1,242 |
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 table below, Operational EBITDA represents the earnings (loss) from continuing operations before income taxes excluding non-service cost components of pension and other postemployment benefits income; depreciation and amortization expense; restructuring costs; stock-based compensation expense; consulting and other costs; idle costs; the former CEO separation agreement compensation; other operating income, net (unless otherwise indicated); interest expense; loss on early extinguishment of debt and other income (charges), 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. Segment Operational EBITDA and Consolidated Income (Loss) from Continuing Operations Before Income Taxes
|  | Year Ended December 31, |
(in millions) |  | 2021 |  |  | 2020 |  |  | 2019 |
Traditional Printing |  | $ | 9 |  |  | $ | 21 |  |  | $ | 48 |
Digital Printing |  |  | (5 | ) |  |  | (10 | ) |  |  | (9 | )
Advanced Materials and Chemicals |  |  | (6 | ) |  |  | (23 | ) |  |  | (34 | )
Brand |  |  | 13 |  |  |  | 11 |  |  |  | 8 |
Total of reportable segments |  |  | 11 |  |  |  | (1 | ) |  |  | 13 |
Other |  |  | 2 |  |  |  | 1 |  |  |  | (1 | )
Depreciation and amortization |  |  | (31 | ) |  |  | (37 | ) |  |  | (55 | )
Restructuring costs and other |  |  | (6 | ) |  |  | (17 | ) |  |  | (16 | )
Stock-based compensation |  |  | (7 | ) |  |  | (15 | ) |  |  | (7 | )
Consulting and other costs (1) |  |  | (19 | ) |  |  | (9 | ) |  |  | (7 | )
Idle costs (2) |  |  | (2 | ) |  |  | (3 | ) |  |  | (5 | )
Former CEO separation agreement compensation |  |  | — |  |  |  | — |  |  |  | (2 | )
Other operating income (expense), net, excluding income from transition services agreement (3) |  |  | 6 |  |  |  | 7 |  |  |  | (22 | )
Interest expense (4) |  |  | (33 | ) |  |  | (12 | ) |  |  | (16 | )
Pension income excluding service cost component (4) |  |  | 102 |  |  |  | 98 |  |  |  | 104 |
Loss on early extinguishment of debt (4) |  |  | — |  |  |  | (2 | ) |  |  | — |
Other income (charges), net (4) |  |  | 5 |  |  |  | (386 | ) |  |  | (46 | )
Consolidated earnings (loss) from continuing operations before income taxes |  | $ | 28 |  |  | $ | (376 | ) |  | $ | (60 | )
(1) | Consulting and other costs are professional services and internal costs associated with corporate strategic initiatives, investigations and litigation.
(2) | Consists of third-party 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) | $6 million of income from the transition services agreement with the Purchaser was recognized in both the years ended December 31, 2020 and 2019. No income was recognized in the year ended December 31, 2021. The income was reported in Other operating (income) expense, net in the Consolidated Statement of Operations. Other operating (income) expense, 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.
Kodak decreased workers’ compensation reserves by approximately $4 million in 2021 driven by changes in discount rates. The decrease in reserves in 2021 impacted gross profit by approximately $3 million and SG&A by approximately $1 million. Kodak increased employee benefit reserves by approximately $4 million in 2020 reflecting an increase in workers’ compensation reserves ($7 million) partially offset by a decrease in postemployment benefit reserves ($3 million). The increase in reserves in 2020 impacted gross profit and SG&A each by approximately $2 million. In 2019 workers’ compensation reserves increased by approximately $3 million. The increase in reserves in 2019 impacted gross profit by approximately $2 million and SG&A by approximately $1 million. Amortization and depreciation expense by segment are not included in the segment measure of profit and loss but are regularly provided to the Chief Operating Decision Maker.
(in millions) |  | Year Ended December 31, |
Intangible asset amortization expense from continuing operations: |  | 2021 |  |  | 2020 |  |  | 2019 |
Traditional Printing |  | $ | — |  |  | $ | 1 |  |  | $ | 2 |
Digital Printing |  |  | 4 |  |  |  | 3 |  |  |  | 4 |
Brand |  |  | 1 |  |  |  | 1 |  |  |  | 1 |
Consolidated total |  | $ | 5 |  |  | $ | 5 |  |  | $ | 7 |
(in millions) |  | Year Ended December 31, |
Depreciation expense from continuing operations: |  | 2021 |  |  | 2020 |  |  | 2019 |
Traditional Printing |  | $ | 14 |  |  | $ | 19 |  |  | $ | 28 |
Digital Printing |  |  | 6 |  |  |  | 7 |  |  |  | 10 |
Advanced Materials and 3D Printing |  |  | 5 |  |  |  | 5 |  |  |  | 6 |
Other |  |  | 1 |  |  |  | 1 |  |  |  | 4 |
Consolidated total |  | $ | 26 |  |  | $ | 32 |  |  | $ | 48 |
(in millions) |  | Year Ended December 31, |  |  |
Long-lived assets (1) located in: |  | 2021 |  |  | 2020 |  |  |
The United States |  | $ | 81 |  |  | $ | 78 |  |  |
Europe, Middle East and Africa |  |  | 14 |  |  |  | 22 |  |  |
Asia Pacific |  |  | 4 |  |  |  | 5 |  |  |
Canada and Latin America |  |  | 41 |  |  |  | 47 |  |  |
Non-U.S. countries total (2) |  |  | 59 |  |  |  | 74 |  |  |
Consolidated total |  | $ | 140 |  |  | $ | 152 |  |  |
(1) | Long-lived assets are comprised of property, plant and equipment, net.
(2) | Of the total non-U.S. property, plant and equipment in 2021, $39 million are located in Brazil. Of the total non-U.S. property, plant and equipment in 2020, $43 million was located in Brazil.
Major Customers No single customer represented 10% or more of Kodak’s total net revenue in any year presented.

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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