Company: KODK
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0000950170-25-040256
Chunk: 75

Company: EASTMAN KODAK CO
Filing Date: 2025-03-17
Form: 10-K
Item: Item 1B
Chunk 75
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 Other Operational EBITDA

    2

    2

    Depreciation and amortization

    (28
    )

    (30
    )

    Restructuring costs and other

    (8
    )

    (10
    )

    Stock-based compensation

    (6
    )

    (7
    )

    Consulting and other costs (1)

    (1
    )

    13

    Idle costs (2)

    (2
    )

    (3
    )

    Other operating income (expense), net (3)

    10

    (6
    )

    Interest expense (3)

    (59
    )

    (52
    )

    Pension income excluding service cost component (3)

    173

    161

    Loss on early extinguishment of debt (3)

    —

    (27
    )

    Other income, net (3)

    3

    1

    Consolidated earnings from continuing operations before income taxes
     
    $
    110

    $
    87

(1)Consulting and other costs are primarily professional services and internal costs associated with certain corporate strategic initiatives and litigation. Consulting and other costs include $15 million of income in the year ended December 31, 2023, 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. 

(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 2024, Kodak decreased employee benefit reserves by $2 million primarily reflecting a decrease in workers’ compensation reserves driven by changes in discount rates. The decrease in reserves in 2024 impacted gross profit and SG&A each by approximately $1 million.

In 2023, Kodak decreased employee benefit reserves by $1 million primarily reflecting a reduction in workers’ compensation reserves driven by changes in discount rates. The decrease in reserves in 2023 impacted SG&A by approximately $1 million. 

39

PRINT SEGMENT

    Year Ended December 31,

    (