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Note 8 - Revenue | 3 Months Ended
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Mar. 31, 2023
Notes to Financial Statements |
Revenue from Contract with Customer [Text Block] | NOTE 8: REVENUE Disaggregation of Revenue The following tables present revenue disaggregated by major product, portfolio summary and geography Major Product
Three Months Ended |
March 31, 2023 |
|  |  |  |  |  | Advanced |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Materials |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | and |  |  |  |  |  |  |  |  |  |  |  |  |
(in millions) |  | Print |  |  | Chemicals |  |  | Brand |  |  | All Other |  |  | Total |
Core products (1) |
Plates, inks and other consumables |  | $ | 144 |  |  | $ | 6 |  |  | $ | — |  |  | $ | — |  |  | $ | 150 |
Ongoing service arrangements |  |  | 51 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 51 |
Total annuities |  |  | 195 |  |  |  | 6 |  |  |  | — |  |  |  | — |  |  |  | 201 |
Equipment & software |  |  | 14 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 14 |
Film and chemicals |  |  | — |  |  |  | 52 |  |  |  | — |  |  |  | — |  |  |  | 52 |
Total Core |  |  | 209 |  |  |  | 58 |  |  |  | — |  |  |  | — |  |  |  | 267 |
Growth products (2) |  |  | — |  |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | 3 |
Other (3) |  |  | — |  |  |  | — |  |  |  | 4 |  |  |  | 4 |  |  |  | 8 |
Total |  | $ | 209 |  |  | $ | 61 |  |  | $ | 4 |  |  | $ | 4 |  |  | $ | 278 |
Three Months Ended |
March 31, 2022 |
|  |  |  |  |  | Advanced |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Materials |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | and |  |  |  |  |  |  |  |  |  |  |  |  |
(in millions) |  | Print |  |  | Chemicals |  |  | Brand |  |  | All Other |  |  | Total |
Core products (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Plates, inks and other consumables |  | $ | 161 |  |  | $ | 6 |  |  | $ | — |  |  | $ | — |  |  | $ | 167 |
Ongoing service arrangements |  |  | 53 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 53 |
Total annuities |  |  | 214 |  |  |  | 6 |  |  |  | — |  |  |  | — |  |  |  | 220 |
Equipment & software |  |  | 14 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 14 |
Film and chemicals |  |  | — |  |  |  | 45 |  |  |  | — |  |  |  | — |  |  |  | 45 |
Total Core |  |  | 228 |  |  |  | 51 |  |  |  | — |  |  |  | — |  |  |  | 279 |
Growth products (2) |  |  | — |  |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | 3 |
Other (3) |  |  | — |  |  |  | — |  |  |  | 4 |  |  |  | 4 |  |  |  | 8 |
Total |  | $ | 228 |  |  | $ | 54 |  |  | $ | 4 |  |  | $ | 4 |  |  | $ | 290 |
(1) | Core includes the Print business, Motion Picture, and Industrial Film and Chemicals, excluding coating and product commercialization services (“Coating Services”).
(2) | Growth consists of Coating Services and Advanced Materials and Functional Printing within the Advanced Materials and Chemicals segment.
(3) | Other consists of Intellectual Property Licensing, Brand Licensing and Eastman Business Park.
Geography (1):
Three Months Ended |
March 31, 2023 |
|  |  |  |  |  | Advanced |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Materials |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | and |  |  |  |  |  |  |  |  |  |  |  |  |
(in millions) |  | Print |  |  | Chemicals |  |  | Brand |  |  | All Other |  |  | Total |
United States |  | $ | 66 |  |  | $ | 48 |  |  | $ | 4 |  |  | $ | 4 |  |  | $ | 122 |
Canada |  |  | 3 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 4 |
North America |  |  | 69 |  |  |  | 49 |  |  |  | 4 |  |  |  | 4 |  |  |  | 126 |
Europe, Middle East and Africa |  |  | 89 |  |  |  | 5 |  |  |  | — |  |  |  | — |  |  |  | 94 |
Asia Pacific |  |  | 45 |  |  |  | 7 |  |  |  | — |  |  |  | — |  |  |  | 52 |
Latin America |  |  | 6 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6 |
Total |  | $ | 209 |  |  | $ | 61 |  |  | $ | 4 |  |  | $ | 4 |  |  | $ | 278 |
Three Months Ended |
March 31, 2022 |
|  |  |  |  |  | Advanced |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Materials |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | and |  |  |  |  |  |  |  |  |  |  |  |  |
(in millions) |  | Print |  |  | Chemicals |  |  | Brand |  |  | All Other |  |  | Total |
United States |  | $ | 62 |  |  | $ | 40 |  |  | $ | 4 |  |  | $ | 4 |  |  | $ | 110 |
Canada |  |  | 5 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5 |
North America |  |  | 67 |  |  |  | 40 |  |  |  | 4 |  |  |  | 4 |  |  |  | 115 |
Europe, Middle East and Africa |  |  | 103 |  |  |  | 4 |  |  |  | — |  |  |  | — |  |  |  | 107 |
Asia Pacific |  |  | 49 |  |  |  | 10 |  |  |  | — |  |  |  | — |  |  |  | 59 |
Latin America |  |  | 9 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 9 |
Total |  | $ | 228 |  |  | $ | 54 |  |  | $ | 4 |  |  | $ | 4 |  |  | $ | 290 |
| (1) | Sales are reported in the geographic area in which they originate.
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 amount recorded for contract assets at both March 31, 2023 and December 31, 2022 was $1 million and is 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 amount recorded for contract liabilities in the Consolidated Statement of Financial Position at both March 31, 2023 and December 31, 2022 was $51 million, of which $40 million was reported in Other current liabilities and $11 million was reported in Other long-term liabilities. Revenue recognized for the three months ended March 31, 2023 and 2022 that was included in the contract liability balance at the beginning of the year was $21 million and $20 million, respectively, and primarily represented revenue from prepaid service contracts and equipment revenue recognition. Contract liabilities as of March 31, 2023 and 2022 included $21 million and $24 million of cash payments received during the three months ended March 31, 2023 and 2022, respectively. Kodak does not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less or for which revenue is recognized at the amount to which Kodak has the right to invoice for services performed. Performance obligations with an original expected length of greater than one year generally consist of deferred service contracts, operating leases and licensing arrangements. As of March 31, 2023, there was approximately $50 million of unrecognized revenue from unsatisfied performance obligations. Approximately 30% of the revenue from unsatisfied performance obligations is expected to be recognized in the remainder of 2023, 25% in 2024, 15% in 2025 and 30% thereafter.

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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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org//606/tableOfContent + Details
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