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Note 4 - Other Long-term Assets

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Other Assets Disclosure [Text Block]

NOTE 4: OTHER LONG-TERM ASSETS

	*September 30,*				*December 31,*
(in millions)	*2022*				*2021*
Preferred equity investment	$	25			$	—
Estimated workers' compensation recoveries		14				18
Long-term receivables		10				11
Other		26				26
Total	$	75			$	55

On July 13, 2022 Kodak invested $25 million of the proceeds received from the Delayed Draw Term Loans to acquire a minority preferred equity interest in Wildcat Discovery Technologies, Inc. (“Wildcat”), a private technology company that uses proprietary methods to research and develop new battery materials. Kodak has also entered into an agreement to provide coating and engineering services in collaboration with Wildcat to develop and scale film coating technologies. The Wildcat investment will be accounted for using the cost method. Refer to Note 5,"Debt and Finance Leases" for the definition of Delayed Draw Term Loans.