Company: KODK
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0000950170-25-040256
Chunk: 153

Company: EASTMAN KODAK CO
Filing Date: 2025-03-17
Form: 10-K
Item: Item 1B
Chunk 153
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 1,552

       Hedge funds typically have the right to restrict redemption requests beyond Kodak’s control. In these cases, redemptions may extend beyond the general redemption terms outlined in the table above. Certain hedge fund investments have no redemption rights and will become liquid only upon sale by the hedge fund managers. As of the year ended December 31, 2023, these investments represented approximately 1% of the hedge funds investments valued at NAV. As of December 31, 2024, these investments were fully liquidated.LiquidityApproximately 5% of total U.S. Plan assets as of December 31, 2024 are invested in private equity funds, where the U.S. Plan receives distributions through the liquidation of the underlying investments. Liquidity of U.S. Plan assets is managed to minimize the likelihood that these investments would need to be sold to cover benefit payments, derivative losses, or any other short-term need.The total unfunded commitments, if and when they are called over the term of each investment, are expected to be funded by the available liquidity in the U.S. Plan consistent with historical experience.

101

The fair value of Kodak’s major non-U.S. defined benefit pension plans assets at December 31, 2024 and 2023 by asset class are presented in the tables below:Major Non-U.S. Plans

        December 31, 2024

        Quoted Prices

        in Active

        Markets for

        Significant

        Significant

        Identical

        Observable

        Unobservable

        Assets

        Inputs

        Inputs

        Measured at

        (in millions)
         
        (Level 1)

        (Level 2)

        (Level 3)

        NAV

        Total

        Cash and cash equivalents
         
        $
        43

        $
        —

        $
        —

        $
        —

        $
        43

        Equity securities

        32

        —

        —

        —

        32

        Debt securities:

        Investment grade bonds

        34

        48

        —

        —

        82

        Global high yield & emerging market debt

        1

        —

        —

        —

        1

        Real estate

        —

        —

        —

        10

        10

        Other:

        Private equity

        —

        —

        —

        28

        28

        Insurance contracts

        —

        26