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Note 14 - Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

Derivatives Not Designated as Hedging Instruments [Table Text Block]

		Year Ended December 31,
(in millions)		2022				2021				2020
Net loss (gain) from derivatives not designated as hedging instruments		$	16			$	(1	)		$	(11	)

Derivative Instruments, Gain (Loss) [Table Text Block]

		Year Ended December 31,
(in millions)		2022				2021				2020
Net (gain) loss from Preferred Stock and Convertible Notes embedded derivatives		$	(3	)		$	(7	)		$	382

Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]

		Valuation Date
		December 31,				December 31,
		2022				2021
Total value of embedded derivative liability (in millions)		$	2			$	4
Kodak's closing stock price		$	3.05			$	4.68
Expected stock price volatility			50.00	%			36.00	%
Risk free rate			4.17	%			1.17	%
Implied credit spread on the 2021 Convertible Notes			26.19	%			18.89	%

		Valuation Date
		December 31,				December 31,
		2022				2021
Total value of embedded derivative liability (in millions)		$	1			$	1
Kodak's closing stock price		$	3.05			$	4.68
Expected stock price volatility			50.00	%			36.00	%
Risk free rate			4.17	%			1.17	%
Implied credit spread on the Series B Preferred Stock			27.19	%			19.39	%

		Valuation Date
		December 31,				December 31,
		2022				2021
Total value of embedded derivative liability (in millions)		$	1			$	2
Kodak's closing stock price		$	3.05			$	4.68
Expected stock price volatility			50.00	%			36.00	%
Risk free rate			4.17	%			1.17	%
Implied credit spread on the Series C Preferred Stock			29.19	%			21.39	%

		Valuation Date
		September 30, 2020				August 3, 2020
Total value of embedded derivative liability immediately prior to extinguishment (in millions)		$	9			$	429
Total value of embedded derivative liability that expired (in millions)		$	9			$	416
Value of remaining embedded derivative liability (in millions)		$	—			$	13
Kodak's closing stock price (1)			8.82				16.91
Risk free rate			0.12	%			0.12	%
Yield on the Series A Preferred Stock			8.93	%			9.47	%

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

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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

+ References

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

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