Company: KODK
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0000950170-25-040256
Chunk: 74

Company: EASTMAN KODAK CO
Filing Date: 2025-03-17
Form: 10-K
Item: Item 1B
Chunk 74
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The increase in interest expense in 2024 of $7 million represents the full year of interest expense associated with the refinancing transactions that closed in the third quarter of 2023. Refer to Note 8, “Debt and Credit Facilities” for further information.

Other Operating (Income) Expense, Net

For details, refer to Note 15, “Other Operating (Income) Expense, Net.”

Pension Income

For details, refer to Note 19, “Retirement Plans."

Loss on Early Extinguishment of Debt

For details, refer to Note 8, "Debt and Credit Facilities."

Other Income, Net

For details, refer to Note 16, “Other (Income) Charges, Net.”

Provision for Income Taxes

For details, refer to Note 17, “Income Taxes.”

38

DETAILED RESULTS OF OPERATIONS

Net Revenues from Continuing Operations by Reportable Segment

    Year Ended December 31,

    2024

    2023

    (in millions)

    Print
     
    $
    737

    $
    828

    Advanced Materials and Chemicals

    271

    255

    Brand

    20

    17

    Total of reportable segments

    1,028

    1,100

    All Other revenues

    15

    17

    Consolidated total
     
    $
    1,043

    $
    1,117

Kodak’s segment measure of profit and loss is an adjusted earnings before interest, taxes, depreciation and amortization (“Operational EBITDA”). As demonstrated in the table below, Operational EBITDA represents the earnings from continuing operations before income taxes excluding non-service cost components of pension and other postemployment benefits income; depreciation and amortization expense; restructuring costs and other; stock-based compensation expense; consulting and other costs; idle costs; other operating income (expense), net; loss on early extinguishment of debt; interest expense and other income, net.

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

    Year Ended December 31,

    (in millions)
     
    2024

    2023

    Print
     
    $
    (8
    )
     
    $
    20

    Advanced Materials and Chemicals

    17

    10

    Brand

    17

    15

    All