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Note 26 - Segment Information | 12 Months Ended
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Dec. 31, 2023
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | NOTE 26: SEGMENT INFORMATION Kodak has three reportable segments: Print, Advanced Materials and Chemicals and Brand. A description of Kodak’s reportable segments follows. Print: The Print segment is comprised of five lines of business, the Prepress Solutions business: the Prosper business, the Software business, the Electrophotographic Printing Solutions business and the Versamark business. Advanced Materials and Chemicals: The Advanced Materials and Chemicals segment is comprised of four lines of business: the Industrial Film and Chemicals business, the Motion Picture business, the Advanced Materials and Functional Printing business and the IP Licensing and Analytical Services business. Brand: The Brand segment contains the brand licensing business. All Other: All Other is comprised of the operations of the Eastman Business Park, a more than 1,200 acre technology center and industrial complex. Segment financial information is shown below. Asset information by segment is not disclosed as this information is not separately identified and reported to the Chief Operating Decision Maker. Net Revenues from Continuing Operations by Reportable Segment
|  | Year Ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
(in millions) |  |  |  |  |  |  |  |  |  |  |  |
Print |  | $ | 828 |  |  | $ | 938 |  |  | $ | 908 |
Advanced Materials and Chemicals |  |  | 255 |  |  |  | 234 |  |  |  | 212 |
Brand |  |  | 17 |  |  |  | 17 |  |  |  | 15 |
Total of reportable segments |  |  | 1,100 |  |  |  | 1,189 |  |  |  | 1,135 |
All Other |  |  | 17 |  |  |  | 16 |  |  |  | 15 |
Total |  | $ | 1,117 |  |  | $ | 1,205 |  |  | $ | 1,150 |
Segment Measure of Profit and Loss Kodak’s segment measure of profit and loss is an adjusted earnings before interest, taxes, depreciation and amortization (“Operational EBITDA”). As demonstrated in the table below, Operational EBITDA represents the earnings (loss) from continuing operations before income taxes excluding non-service cost components of pension and other postemployment benefits income; depreciation and amortization expense; restructuring costs and other; stock-based compensation expense; consulting and other costs; idle costs; other operating income, net (unless otherwise indicated); interest expense; loss on early extinguishment of debt and other (charges) income, net. Kodak’s segments are measured using Operational EBITDA both before and after allocation of corporate selling, general and administrative expenses (“SG&A”). The segment earnings measure reported is after allocation of corporate SG&A as this most closely aligns with U.S. GAAP. Research and development activities not directly related to the other segments are reported within the Advanced Materials and Chemicals segment. 2023 Segments Change in Segments Effective February 2023 Kodak changed its organizational structure. The Traditional Printing segment and the Digital Printing segment were combined into one segment, named the Print segment. No changes were made to Kodak's other segments. Prior year segment information was revised to conform with the new organizational structure. Segment Operational EBITDA and Consolidated Earnings from Continuing Operations Before Income Taxes
|  | Year Ended December 31, |
(in millions) |  | 2023 |  |  | 2022 |  |  | 2021 |
Print |  | $ | 20 |  |  | $ | 5 |  |  | $ | 4 |
Advanced Materials and Chemicals |  |  | 10 |  |  |  | (1 | ) |  |  | (6 | )
Brand |  |  | 15 |  |  |  | 14 |  |  |  | 13 |
Total of reportable segments |  |  | 45 |  |  |  | 18 |  |  |  | 11 |
All Other |  |  | 2 |  |  |  | 3 |  |  |  | 2 |
Depreciation and amortization |  |  | (30 | ) |  |  | (29 | ) |  |  | (31 | )
Restructuring costs and other |  |  | (10 | ) |  |  | (13 | ) |  |  | (6 | )
Stock-based compensation |  |  | (7 | ) |  |  | (5 | ) |  |  | (7 | )
Consulting and other costs (1) |  |  | 13 |  |  |  | 2 |  |  |  | (19 | )
Idle costs (2) |  |  | (3 | ) |  |  | (3 | ) |  |  | (2 | )
Other operating (expense) income, net (3) |  |  | (6 | ) |  |  | 1 |  |  |  | 6 |
Interest expense (3) |  |  | (52 | ) |  |  | (40 | ) |  |  | (33 | )
Pension income excluding service cost component (3) |  |  | 161 |  |  |  | 98 |  |  |  | 102 |
Loss on early extinguishment of debt (3) |  |  | (27 | ) |  |  | — |  |  |  | — |
Other income (charges), net (3) |  |  | 1 |  |  |  | (1 | ) |  |  | 5 |
Consolidated earnings from continuing operations before income taxes |  | $ | 87 |  |  | $ | 31 |  |  | $ | 28 |
(1) | Consulting and other costs are professional services and internal costs associated with corporate strategic initiatives, investigations and litigation. Consulting and other costs included $15 million and $10 million of income in the year ended December 31, 2023 and 2022, respectively, representing insurance reimbursement of legal costs previously paid by the Company associated with investigations and litigation matters. Kodak received $20 million of insurance reimbursement in 2023 of which $5 million was recorded in Other current assets in the Consolidated Statement of Financial Position as of December 31, 2022. Kodak received $5 million of insurance reimbursement proceeds in the year ended 2022.
(2) | Consists of third-party costs such as security, maintenance, and utilities required to maintain land and buildings in certain locations not used in any Kodak operations and the costs, net of any rental income received, of underutilized portions of certain properties.
(3) | As reported in the Consolidated Statement of Operations
In 2023, Kodak decreased employee benefit reserves by $1 million primarily reflecting a reduction in workers’ compensation reserves of approximately $1 million driven by changes in discount rates. The decrease in reserves in 2023 impacted SG&A by approximately $1 million. In 2022, Kodak decreased employee benefit reserves by $15 million composed of a reduction in workers’ compensation reserves of approximately $13 million driven by changes in discount rates and a decrease in other employee benefit reserves of approximately $2 million, driven by both changes in discount rates and favorable experience. The decrease in reserves in 2022 impacted gross profit by approximately $9 million, R&D by approximately $1 million and SG&A by approximately $5 million. Kodak decreased workers’ compensation reserves by approximately $4 million in 2021 driven by changes in discount rates. The decrease in reserves in 2021 impacted gross profit by approximately $3 million and SG&A by approximately $1 million. Amortization and depreciation expense by segment are not included in the segment measure of profit and loss but are regularly provided to the Chief Operating Decision Maker.
(in millions) |  | Year Ended December 31, |
Intangible asset amortization expense from continuing operations: |  | 2023 |  |  | 2022 |  |  | 2021 |
Print |  | $ | 4 |  |  | $ | 4 |  |  | $ | 4 |
Brand |  |  | — |  |  |  | 1 |  |  |  | 1 |
Total |  | $ | 4 |  |  | $ | 5 |  |  | $ | 5 |
(in millions) |  | Year Ended December 31, |
Depreciation expense from continuing operations: |  | 2023 |  |  | 2022 |  |  | 2021 |
Print |  | $ | 17 |  |  | $ | 17 |  |  | $ | 20 |
Advanced Materials and Chemicals |  |  | 7 |  |  |  | 6 |  |  |  | 5 |
All Other |  |  | 1 |  |  |  | 1 |  |  |  | 1 |
Total |  | $ | 25 |  |  | $ | 24 |  |  | $ | 26 |
(in millions) |  | Year Ended December 31, |
Long-lived assets located in: (1) |  | 2023 |  |  | 2022 |
The United States |  | $ | 112 |  |  | $ | 95 |
Europe, Middle East and Africa |  |  | 6 |  |  |  | 9 |
Asia Pacific |  |  | 5 |  |  |  | 6 |
Canada and Latin America |  |  | 46 |  |  |  | 44 |
Non-U.S. countries total (2) |  |  | 57 |  |  |  | 59 |
Total |  | $ | 169 |  |  | $ | 154 |
(1) | Long-lived assets are comprised of property, plant and equipment, net.
(2) | Of the total non-U.S. property, plant and equipment in 2023, $45 million was located in Brazil. Of the total non-U.S. property, plant and equipment in 2022, $41 million was located in Brazil.
Major Customers No single customer represented 10% or more of Kodak’s total net revenue in any year presented.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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