XML 51 R42.htm IDEA: XBRL DOCUMENT
v3.25.2

Note 17 - Segment Information (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Segment Financial Asset Information by Reportable Segment | Segment Revenues, Operational EBITDA and Consolidated (Loss) Earnings from Continuing Operations Before Income Taxes
| Three Months Ended |  |  | Six Months Ended |
| June 30, |  |  | June 30, |
| 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
(in millions) |  |  |  |  |  |  |  |  |  |  |
Print: |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers | $ | 178 |  |  | $ | 186 |  |  | $ | 343 |  |  | $ | 368 |
Cost of revenues |  | 147 |  |  |  | 147 |  |  |  | 284 |  |  |  | 292 |
Selling, general and administrative expenses |  | 31 |  |  |  | 35 |  |  |  | 64 |  |  |  | 67 |
Research and development expenses |  | 4 |  |  |  | 4 |  |  |  | 8 |  |  |  | 9 |
Operational EBITDA |  | (4 | ) |  |  | — |  |  |  | (13 | ) |  |  | — |
Advanced Materials and Chemicals: |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | 75 |  |  |  | 73 |  |  |  | 149 |  |  |  | 132 |
Cost of revenues |  | 56 |  |  |  | 54 |  |  |  | 111 |  |  |  | 101 |
Selling, general and administrative expenses |  | 8 |  |  |  | 8 |  |  |  | 17 |  |  |  | 16 |
Research and development expenses |  | 3 |  |  |  | 3 |  |  |  | 6 |  |  |  | 6 |
Operational EBITDA |  | 8 |  |  |  | 8 |  |  |  | 15 |  |  |  | 9 |
Brand: |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | 6 |  |  |  | 4 |  |  |  | 10 |  |  |  | 8 |
Selling, general and administrative expenses |  | 1 |  |  |  | — |  |  |  | 1 |  |  |  | 1 |
Operational EBITDA |  | 5 |  |  |  | 4 |  |  |  | 9 |  |  |  | 7 |
Total Operational EBITDA for Reportable Segments |  | 9 |  |  |  | 12 |  |  |  | 11 |  |  |  | 16 |
All Other Operational EBITDA |  | — |  |  |  | — |  |  |  | — |  |  |  | 1 |
Depreciation and amortization |  | (7 | ) |  |  | (6 | ) |  |  | (14 | ) |  |  | (13 | )
Restructuring costs and other (1) |  | (6 | ) |  |  | — |  |  |  | (11 | ) |  |  | (5 | )
Stock-based compensation |  | (1 | ) |  |  | (1 | ) |  |  | (3 | ) |  |  | (4 | )
Consulting and other costs (2) |  | 1 |  |  |  | (1 | ) |  |  | 1 |  |  |  | (1 | )
Idle costs (3) |  | (1 | ) |  |  | (1 | ) |  |  | (2 | ) |  |  | (1 | )
Other operating (expense) income, net (4) |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | 16 |
Interest expense (4) |  | (15 | ) |  |  | (15 | ) |  |  | (29 | ) |  |  | (30 | )
Pension income excluding service cost component (4) |  | 16 |  |  |  | 41 |  |  |  | 38 |  |  |  | 82 |
Other (charges) income, net (4) |  | (20 | ) |  |  | (1 | ) |  |  | (20 | ) |  |  | 1 |
Consolidated (loss) earnings from continuing operations before income taxes | $ | (24 | ) |  | $ | 27 |  |  | $ | (29 | ) |  | $ | 62 |
(1) Restructuring costs and other for the three and six months ended June 30, 2025 included $5 million and $10 million, respectively, that were recorded in Restructuring costs and other in the Consolidated Statement of Operations. The remaining $1 million in each period related to inventory write-offs and was recorded as Cost of revenues in the Consolidated Statement of Operations. (2) Consulting and other costs are professional services and internal costs associated with corporate strategic initiatives and litigation. Consulting and other costs included $1 million of income in the three and six months ended June 30, 2025, respectively, representing insurance reimbursement of legal costs previously paid by the Company associated with investigations and litigation matters. (3) 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. (4) As reported in the Consolidated Statement of Operations.
| Three Months Ended |  |  | Six Months Ended |
(in millions) | June 30, |  |  | June 30, |
Intangible asset amortization expense from continuing operations: | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Print | $ | 1 |  |  | $ | 1 |  |  | $ | 2 |  |  | $ | 2 |
Total | $ | 1 |  |  | $ | 1 |  |  | $ | 2 |  |  | $ | 2 |
| Three Months Ended |  |  | Six Months Ended |
(in millions) | June 30, |  |  | June 30, |
Depreciation expense from continuing operations: | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Print | $ | 4 |  |  | $ | 4 |  |  | $ | 8 |  |  | $ | 8 |
Advanced Materials and Chemicals |  | 2 |  |  |  | 1 |  |  |  | 4 |  |  |  | 3 |
Total | $ | 6 |  |  | $ | 5 |  |  | $ | 12 |  |  | $ | 11 |
Summmary of Reconciliation of Reportable Segment Revenues to Consolidated Revenues | A reconciliation of reportable segment revenues to consolidated revenues follows:
| Three Months Ended |  |  | Six Months Ended |
| June 30, |  |  | June 30, |
(in millions) | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Total Reportable Segment Revenues | $ | 259 |  |  | $ | 263 |  |  | $ | 502 |  |  | $ | 508 |
All Other Revenues |  | 4 |  |  |  | 4 |  |  |  | 8 |  |  |  | 8 |
Total Consolidated Revenues | $ | 263 |  |  | $ | 267 |  |  | $ | 510 |  |  | $ | 516 |
Long Lived Assets by Geographical Areas |
(in millions) | June 30, |  |  | December 31, |
Long-lived assets located in: (1) | 2025 |  |  | 2024 |
The United States | $ | 149 |  |  | $ | 143 |
Europe, Middle East and Africa |  | 5 |  |  |  | 5 |
Asia Pacific |  | 4 |  |  |  | 5 |
Canada and Latin America |  | 41 |  |  |  | 36 |
Non-U.S. countries total (2) |  | 50 |  |  |  | 46 |
Total | $ | 199 |  |  | $ | 189 |
(1) Long-lived assets are comprised of property, plant and equipment, net. (2) Of the total non-U.S. property, plant and equipment as of June 30, 2025, $39 million was located in Brazil. Of the total non-U.S. property, plant and equipment as of December 31, 2024, $35 million was located in Brazil.

X
- Definition Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_LongLivedAssetsByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration