Company: KODK
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0000950170-25-040256
Chunk: 164

Company: EASTMAN KODAK CO
Filing Date: 2025-03-17
Form: 10-K
Item: Item 1B
Chunk 164
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 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.     

113

A reconciliation of reportable segment revenues to consolidated revenues follows: 

        Year Ended December 31,

        (in millions)
        2024

        2023

        2022

        Total Reportable Segment Revenues
        $
        1,028

        $
        1,100

        $
        1,189

        All Other Revenues
         
        15

        17

        16

            Total Consolidated Revenues
        $
        1,043

        $
        1,117

        $
        1,205

      In 2024, Kodak decreased employee benefit reserves by $2 million primarily reflecting a decrease in workers’ compensation reserves of approximately $2 million 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 of approximately $1 million driven by changes in discount rates.  The decrease in reserves in 2023 impacted SG&A by approximately $1 million. In 2022, Kodak decreased employee benefit reserves by approximately $15 million composed of a reduction in workers’ compensation reserves of approximately $13 million driven by changes in discount rates and a decrease in other employee benefit reserves of approximately $2 million, driven by both changes in discount rates and favorable experience. The decrease in reserves in 2022 impacted gross profit by approximately $9 million, R&D by approximately $1 million and SG&A by approximately $5 million. Amortization and depreciation expense by segment are not included in the segment measure of profit and loss but are regularly provided to the CODM.  

        (in millions)
        Year Ended December 31,

        Intangible asset amortization expense from continuing operations:
        2024