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Note 17 - Financial Instruments (Tables)
3 Months Ended
Mar. 31, 2023
Notes Tables  
Derivatives Not Designated as Hedging Instruments [Table Text Block]
  

Three Months Ended

 
  

March 31,

 

(in millions)

 

2023

  

2022

 

Net loss from derivatives not designated as hedging instruments

 $1  $3 
Embedded Derivative, Gain (Loss) on Embedded Derivative [Table Text Block]
  

Three Months Ended

 
  

March 31,

 

(in millions)

 

2023

   

2022

 

Net loss from Preferred Stock and Convertible Notes embedded derivatives

 $1   $3 
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]
  

Valuation Date

 
  

March 31,

  

December 31,

 
  

2023

  

2022

 

Total value of embedded derivative liability ($ millions)

 $3  $2 

Kodak's closing stock price

 $4.10  $3.05 

Expected stock price volatility

  50.00%  50.00%

Risk free rate

  3.79%  4.17%

Implied credit spread on the Convertible Notes

  25.47%  26.19%
  

Valuation Date

 
  

March 31,

  

December 31,

 
  

2023

  

2022

 

Total value of embedded derivative liability ($ millions)

 $1  $1 

Kodak's closing stock price

 $4.10  $3.05 

Expected stock price volatility

  50.00%  50.00%

Risk free rate

  3.79%  4.17%

Implied credit spread on the preferred stock

  26.47%  27.19%
  

Valuation Date

 
  

March 31,

  

December 31,

 
  

2023

  

2022

 

Total value of embedded derivative liability ($ millions)

 $1  $1 

Kodak's closing stock price

 $4.10  $3.05 

Expected stock price volatility

  50.00%  50.00%

Risk free rate

  3.79%  4.17%

Implied credit spread on the preferred stock

  28.47%  29.19%