Company: KODK
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0000950170-25-040256
Chunk: 163

Company: EASTMAN KODAK CO
Filing Date: 2025-03-17
Form: 10-K
Item: Item 1B
Chunk 163
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 the segments are the same as those described in the summary of significant accounting policies in Note 1. There are no intersegment sales between the segments. Kodak’s CODM is the Executive Chairman and Chief Executive Officer. Kodak’s segment measure of profit and loss is an adjusted earnings before interest, taxes, depreciation and amortization (“Operational EBITDA”).  Operational EBITDA represents the earnings from operations excluding the provision for income taxes; non-service cost components of pension and other postemployment benefits (“OPEB”) income; depreciation and amortization expense; restructuring costs and other; stock-based compensation expense; consulting and other costs; interest expense; other operating income (expense), net and other income (charges), net. The CODM uses Operational EBITDA in assessing segment performance and deciding how to allocate resources for each segment predominantly through the annual budget and forecasting process.  The CODM evaluates Operational EBITDA budget-to-actual variances, changes in Operational EBITDA from prior periods and when comparing the results of each segment with one another.   Segment financial information is shown below. Asset information by reportable segment is not disclosed below as this information is not regularly provided to or used by the CODM in assessing performance and allocating resources.    

112

Segment Revenues, Operational EBITDA and Consolidated Earnings from Continuing Operations Before Income Taxes  

        Year Ended December 31,

        2024

        2023

        2022

        (in millions)

        Print:

            Revenues from external customers
        $
        737

        $
        828

        $
        938

            Cost of revenues
        597

        667

        797

            Selling, general and administrative expenses
        130

        124

        117

            Research and development expenses
        18

        17

        19

                Operational EBITDA
         
        (8
        )

        20

        5

        Advanced Materials and Chemicals:

            Revenues from external customers
         
        271

        255

        234

            Cost of revenues
        210

        203

        201

            Selling, general and administrative expenses
        33

        30

        23

            Research and development expenses
        11

        12