Company: KODK
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0000950170-25-040256
Chunk: 151

Company: EASTMAN KODAK CO
Filing Date: 2025-03-17
Form: 10-K
Item: Item 1B
Chunk 151
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Cash and cash equivalents are primarily held in short term investment funds and are used for benefit and fee payments, as well as for margin and liquidity requirements associated with the U.S. Plan’s derivative instrument contracts. (2)Debt securities are valued using a market-based pricing model that utilizes standard valuation techniques that maximize the use of relevant observable inputs, including market prices for similar assets.(3)Net receivables as of December 31, 2024 and 2023 represent amounts associated with redemption of hedge funds net of payables for purchases of investments. As of December 31, 2024, Net receivables also included $16 million of proceeds associated with the sale of KRIP Illiquid Assets.Investments Valued at NAVKodak performs an investment-by-investment analysis to determine if the investment meets the requirements to be measured at NAV. For investments with lagged pricing, Kodak uses the latest available net asset values and considers expected return and other relevant material events for the year-end valuation of these investments.The total fair value, unfunded commitments and redemption provisions for the U.S. defined benefit pension plan’s investments valued at NAV are as follows: 

        Investments Valued at NAV at December 31, 2024

        Unfunded

        Redemption
         
        Redemption

        (in millions)
         
        Fair Value

        Commitments

        Frequency
         
        Notice Period

        Private equity
         
        $
        167

        $
        24

        N/A
         
        N/A

        Hedge Funds

        689

        —

        Bi-Monthly, Monthly, Quarterly, Semi-Annual, and Annual
         
        5-365 days

        Total
         
        $
        856

        $
        24

        Total

        Investments Valued at NAV at December 31, 2023

        Unfunded

        Redemption
         
        Redemption

        (in millions)
         
        Fair Value

        Commitments

        Frequency
         
        Notice Period

        Real estate
         
        $
        18

        $
        —

        N/A
         
        N/A

        Private equity

        1,094

        172

        N/A
         
        N/A

        Hedge Funds

        1,552

        —

        Bi-Monthly, Monthly, Quarterly, Semi-Annual, and Annual
         
        5-