Company: KODK
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0000950170-25-040256
Chunk: 212

Company: EASTMAN KODAK CO
Filing Date: 2025-03-17
Form: 10-K
Item: Item 7
Chunk 212
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 of the Pillar 2 Safe Harbor in most of the jurisdictions in which it operates. As of December 31, 2024, the impact of Pillar 2 legislation was immaterial to Kodak.  

General implementation of the Global minimum tax (by non- US taxing authorities) became effective January 1, 2025. Kodak’s policy is to recognize the impact related to the Safe Harbor as period costs. The Company believes that it will continue to benefit from the Safe Harbor provisions and that there will not be a material impact to the financial statements. 

45

Kodak will continue to monitor the legislative developments of Pillar 2 framework in the jurisdictions in which it operates.

Contractual Obligations 

The impact that contractual obligations are expected to have on Kodak's cash flow in future periods is as follows:

    As of December 31, 2024

    (in millions)
     
    Total

    2025

    2026

    2027

    2028

    2029

    2030+

    Long-term debt (1)
     
    $
    572

    $
    1

    $
    1

    $
    2

    $
    561

    $
    1

    $
    6

    Interest payments on debt (2)

    158

    38

    40

    41

    37

    1

    1

    Operating lease obligations

    46

    14

    8

    6

    5

    4

    9

    Purchase obligations (3)

    19

    9

    6

    2

    1

    1

    —

    Convertible preferred stock cash   dividends (4)

    7

    4

    3

    —

    —

    —

    —

    Total (5) (6) (7)
     
    $
    802

    $
    66

    $
    58

    $
    51

    $
    604

    $
    7

    $
    16

(1)Primarily represents the maturity values of Kodak's long-term debt obligations as of December 31, 2024. The loans made under the Amended and Restated Term Loan Credit Agreement become due on August 15,