XML 52 R42.htm IDEA: XBRL DOCUMENT v3.22.2

Note 18 - Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2022

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)		2022				2021				2022				2021
Net loss (gain) from derivatives not designated as    hedging instruments		$	7			$	(1	)		$	10			$	2

Derivative Liability Key Inputs in Determination of Fair Value for Embedded Conversion Features

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

2021 Convertible Notes:

		Valuation Date
		June 30,				December 31,
		2022				2021
Total value of embedded derivative liability ($ millions)		$	4			$	4
Kodak's closing stock price		$	4.64			$	4.68
Expected stock price volatility			45.00	%			36.00	%
Risk free rate			3.00	%			1.17	%
Implied credit spread on the Convertible Notes			25.38	%			18.89	%

Series B Preferred Stock:

		Valuation Date
		June 30,				December 31,
		2022				2021
Total value of embedded derivative liability ($ millions)		$	1			$	1
Kodak's closing stock price		$	4.64			$	4.68
Expected stock price volatility			45.00	%			36.00	%
Risk free rate			3.00	%			1.17	%
Implied credit spread on the preferred stock			26.38	%			19.39	%

Series C Preferred Stock:

		Valuation Date
		June 30,				December 31,
		2022				2021
Total value of embedded derivative liability    ($ millions)		$	1			$	2
Kodak's closing stock price		$	4.64			$	4.68
Expected stock price volatility			45.00	%			36.00	%
Risk free rate			3.00	%			1.17	%
Implied credit spread on the preferred stock			28.38	%			21.39	%

X

- References

No definition available.

+ Details

Name:	us-gaap_FairValueDisclosuresAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4CC
-URI https://asc.fasb.org/extlink&oid=125515794&loc=SL109998890-113959

+ Details

Name:	us-gaap_ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration