Kodak 2014 Annual Report Download - page 124

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NOTE 26: REORGANIZATION ITEMS, NET
A summary of reorganization items, net is presented in the following table:
Subsequent to the Effective Date, costs directly attributable to the implementation of the Plan are reported as Reorganization items, net. The cash payments for reorganization
items for the eight months ended August 31, 2013 includes $84 million of claims related to liabilities subject to compromise paid on the Effective Date. Refer to Note 25,
“Fresh Start Accounting” for additional information on the net gain on reorganization and fresh start adjustments.
Successor
Predecessor
(in millions)
Year Ended
December 31,
2014
Four Months
Ended
December 31,
2013
Eight Months
Ended
August 31,
2013
Year Ended
December 31,
2012
Professional fees
$
10
$
19
$
114
$
178
DIP credit agreement financing costs
-
-
-
47
Provision for expected allowed claims
(1
)
-
133
856
Gain on settlement of other postemployment liabilities
-
-
-
(238
)
Net gain on reorganization adjustments
-
-
(1,957
)
-
Net gain on fresh start adjustments
-
-
(302
)
-
Other items, net
4
(3
)
(14
)
-
Reorganization items, net
$
13
$
16
$
(2,026
)
$
843
Cash payments for reorganization items
$
21
$
85
$
210
$
167
121