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Note 9 - Revenue | 9 Months Ended
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Sep. 30, 2025
Revenue from Contract with Customer [Abstract] |
Revenue | NOTE 9: REVENUE Disaggregation of Revenue The following tables present revenue disaggregated by major product and geography: Major Product:
Three Months Ended |
September 30, 2025 |
|  |  |  |  |  | Advanced |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Materials |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | and |  |  |  |  |  |  |  |  |  |
(in millions) |  | Print |  |  |  | Chemicals |  |  | Brand |  |  | All Other |  |  | Total |
Core products (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Plates, inks and other consumables |  | $ | 120 |  |  |  | $ | 8 |  |  | $ | — |  |  | $ | — |  |  | $ | 128 |
Ongoing service arrangements |  |  | 38 |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 38 |
Total annuities |  |  | 158 |  |  |  |  | 8 |  |  |  | — |  |  |  | — |  |  |  | 166 |
Equipment & software |  |  | 19 |  |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 19 |
Film and chemicals |  |  | — |  |  |  |  | 74 |  |  |  | — |  |  |  | — |  |  |  | 74 |
Total Core |  |  | 177 |  |  |  |  | 82 |  |  |  | — |  |  |  | — |  |  |  | 259 |
Other (3) |  |  | — |  |  |  |  | — |  |  |  | 6 |  |  |  | 4 |  |  |  | 10 |
Total |  | $ | 177 |  |  |  |  | $ | 82 |  |  | $ | 6 |  |  | $ | 4 |  |  | $ | 269 |
Nine Months Ended |
September 30, 2025 |
|  |  |  |  | Advanced |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Materials |  |  |  |  |  |  |  |  |  |
|  |  |  |  | and |  |  |  |  |  |  |  |  |  |
(in millions) |  | Print |  |  | Chemicals |  |  | Brand |  |  | All Other |  |  | Total |
Core products (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Plates, inks and other consumables |  | $ | 363 |  |  | $ | 21 |  |  | $ | — |  |  | $ | — |  |  | $ | 384 |
Ongoing service arrangements |  |  | 109 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 109 |
Total annuities |  |  | 472 |  |  |  | 21 |  |  |  | — |  |  |  | — |  |  |  | 493 |
Equipment & software |  |  | 48 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 48 |
Film and chemicals |  |  | — |  |  |  | 208 |  |  |  | — |  |  |  | — |  |  |  | 208 |
Total Core |  |  | 520 |  |  |  | 229 |  |  |  | — |  |  |  | — |  |  |  | 749 |
Growth products (2) |  |  | — |  |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | 2 |
Other (3) |  |  | — |  |  |  | — |  |  |  | 16 |  |  |  | 12 |  |  |  | 28 |
Total |  | $ | 520 |  |  | $ | 231 |  |  | $ | 16 |  |  | $ | 12 |  |  | $ | 779 |
Three Months Ended |
September 30, 2024 |
|  |  |  |  | Advanced |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Materials |  |  |  |  |  |  |  |  |  |
|  |  |  |  | and |  |  |  |  |  |  |  |  |  |
(in millions) |  | Print |  |  | Chemicals |  |  | Brand |  |  | All Other |  |  | Total |
Core products (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Plates, inks and other consumables |  | $ | 126 |  |  | $ | 7 |  |  | $ | — |  |  | $ | — |  |  | $ | 133 |
Ongoing service arrangements |  |  | 38 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 38 |
Total annuities |  |  | 164 |  |  |  | 7 |  |  |  | — |  |  |  | — |  |  |  | 171 |
Equipment & software |  |  | 18 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 18 |
Film and chemicals |  |  | — |  |  |  | 63 |  |  |  | — |  |  |  | — |  |  |  | 63 |
Total Core |  |  | 182 |  |  |  | 70 |  |  |  | — |  |  |  | — |  |  |  | 252 |
Growth products (2) |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 1 |
Other (3) |  |  | — |  |  |  | — |  |  |  | 5 |  |  |  | 3 |  |  |  | 8 |
Total |  | $ | 182 |  |  | $ | 71 |  |  | $ | 5 |  |  | $ | 3 |  |  | $ | 261 |
Nine Months Ended |
September 30, 2024 |
|  |  |  |  | Advanced |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Materials |  |  |  |  |  |  |  |  |  |
|  |  |  |  | and |  |  |  |  |  |  |  |  |  |
(in millions) |  | Print |  |  | Chemicals |  |  | Brand |  |  | All Other |  |  | Total |
Core products (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Plates, inks and other consumables |  | $ | 388 |  |  | $ | 20 |  |  | $ | — |  |  | $ | — |  |  | $ | 408 |
Ongoing service arrangements |  |  | 118 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 118 |
Total annuities |  |  | 506 |  |  |  | 20 |  |  |  | — |  |  |  | — |  |  |  | 526 |
Equipment & software |  |  | 44 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 45 |
Film and chemicals |  |  | — |  |  |  | 179 |  |  |  | — |  |  |  | — |  |  |  | 179 |
Total Core |  |  | 550 |  |  |  | 200 |  |  |  | — |  |  |  | — |  |  |  | 750 |
Growth products (2) |  |  | — |  |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | 3 |
Other (3) |  |  | — |  |  |  | — |  |  |  | 13 |  |  |  | 11 |  |  |  | 24 |
Total |  | $ | 550 |  |  | $ | 203 |  |  | $ | 13 |  |  | $ | 11 |  |  | $ | 777 |
(1) Core includes the Print segment and the Motion Picture and Industrial Film and Chemicals businesses within the Advanced Materials and Chemicals segment, excluding coating and product commercialization services (“Coating Services”). (2) Growth consists of Coating Services, Analytical Services and Advanced Materials and Functional Printing within the Advanced Materials and Chemicals segment. (3) Other consists of Intellectual Property Licensing ("IP Licensing") within the Advanced Materials and Chemicals segment, Brand Licensing and Eastman Business Park. Geography (1):
Three Months Ended |
September 30, 2025 |
|  |  |  |  | Advanced |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Materials |  |  |  |  |  |  |  |  |  |
|  |  |  |  | and |  |  |  |  |  |  |  |  |  |
(in millions) |  | Print |  |  | Chemicals |  |  | Brand |  |  | All Other |  |  | Total |
United States |  | $ | 60 |  |  | $ | 61 |  |  | $ | 6 |  |  | $ | 4 |  |  | $ | 131 |
Canada |  |  | 7 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7 |
North America |  |  | 67 |  |  |  | 61 |  |  |  | 6 |  |  |  | 4 |  |  |  | 138 |
Europe, Middle East and Africa |  |  | 70 |  |  |  | 9 |  |  |  | — |  |  |  | — |  |  |  | 79 |
Asia Pacific |  |  | 35 |  |  |  | 11 |  |  |  | — |  |  |  | — |  |  |  | 46 |
Latin America |  |  | 5 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 6 |
Total |  | $ | 177 |  |  | $ | 82 |  |  | $ | 6 |  |  | $ | 4 |  |  | $ | 269 |
Nine Months Ended |
September 30, 2025 |
|  |  |  |  | Advanced |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Materials |  |  |  |  |  |  |  |  |  |
|  |  |  |  | and |  |  |  |  |  |  |  |  |  |
(in millions) |  | Print |  |  | Chemicals |  |  | Brand |  |  | All Other |  |  | Total |
United States |  | $ | 171 |  |  | $ | 174 |  |  | $ | 16 |  |  | $ | 12 |  |  | $ | 373 |
Canada |  |  | 14 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 15 |
North America |  |  | 185 |  |  |  | 175 |  |  |  | 16 |  |  |  | 12 |  |  |  | 388 |
Europe, Middle East and Africa |  |  | 211 |  |  |  | 24 |  |  |  | — |  |  |  | — |  |  |  | 235 |
Asia Pacific |  |  | 112 |  |  |  | 31 |  |  |  | — |  |  |  | — |  |  |  | 143 |
Latin America |  |  | 12 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 13 |
Total |  | $ | 520 |  |  | $ | 231 |  |  | $ | 16 |  |  | $ | 12 |  |  | $ | 779 |
Three Months Ended |
September 30, 2024 |
|  |  |  |  | Advanced |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Materials |  |  |  |  |  |  |  |  |  |
|  |  |  |  | and |  |  |  |  |  |  |  |  |  |
(in millions) |  | Print |  |  | Chemicals |  |  | Brand |  |  | All Other |  |  | Total |
United States |  | $ | 56 |  |  | $ | 56 |  |  | $ | 5 |  |  | $ | 3 |  |  | $ | 120 |
Canada |  |  | 4 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 5 |
North America |  |  | 60 |  |  |  | 57 |  |  |  | 5 |  |  |  | 3 |  |  |  | 125 |
Europe, Middle East and Africa |  |  | 74 |  |  |  | 6 |  |  |  | — |  |  |  | — |  |  |  | 80 |
Asia Pacific |  |  | 43 |  |  |  | 8 |  |  |  | — |  |  |  | — |  |  |  | 51 |
Latin America |  |  | 5 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5 |
Total |  | $ | 182 |  |  | $ | 71 |  |  | $ | 5 |  |  | $ | 3 |  |  | $ | 261 |
Nine Months Ended |
September 30, 2024 |
|  |  |  |  | Advanced |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Materials |  |  |  |  |  |  |  |  |  |
|  |  |  |  | and |  |  |  |  |  |  |  |  |  |
(in millions) |  | Print |  |  | Chemicals |  |  | Brand |  |  | All Other |  |  | Total |
United States |  | $ | 173 |  |  | $ | 161 |  |  | $ | 13 |  |  | $ | 11 |  |  | $ | 358 |
Canada |  |  | 11 |  |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | 13 |
North America |  |  | 184 |  |  |  | 163 |  |  |  | 13 |  |  |  | 11 |  |  |  | 371 |
Europe, Middle East and Africa |  |  | 234 |  |  |  | 17 |  |  |  | — |  |  |  | — |  |  |  | 251 |
Asia Pacific |  |  | 118 |  |  |  | 23 |  |  |  | — |  |  |  | — |  |  |  | 141 |
Latin America |  |  | 14 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 14 |
Total |  | $ | 550 |  |  | $ | 203 |  |  | $ | 13 |  |  | $ | 11 |  |  | $ | 777 |
(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 September 30, 2025 and December 31, 2024 was $5 million, and was reported in Other current assets in the Consolidated Statement of Financial Position. The contract liabilities primarily relate to brand licensing agreements, prepaid service contracts or upfront payments for certain equipment purchases. The amount recorded for contract liabilities in the Consolidated Statement of Financial Position at September 30, 2025 and December 31, 2024 was $98 million and $92 million, respectively, of which $45 million and $35 million, respectively, was reported in Other current liabilities and $53 million and $57 million, respectively, was reported in Other long-term liabilities. Revenue recognized for the three and nine months ended September 30, 2025 and 2024 that was included in the contract liability balance at the beginning of the period was $9 million and $26 million, respectively, in 2025 and $9 million and $29 million, respectively, in 2024 and primarily represented revenue from prepaid service contracts and equipment sales. Contract liabilities as of September 30, 2025 included $21 million and $32 million of cash payments received during the three and nine months ended September 30, 2025, respectively. Contract liabilities as of September 30, 2024 included $17 million and $24 million of cash payments received during the three and nine months ended September 30, 2024, 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 September 30, 2025, there was approximately $86 million of unrecognized revenue from unsatisfied performance obligations. Approximately 5% of the revenue from unsatisfied performance obligations is expected to be recognized in the remainder of 2025, 15% in each of 2026 , 2027 and 2028 and 50% 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 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: 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 3: 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 4: 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 5: 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 6: 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 7: 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 8: 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 9: 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 10: 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 11: 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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