Kodak 2015 Annual Report Download - page 31

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NOTE 12: OTHER OPERATING EXPENSE (INCOME), NET
Successor Predecessor
(in millions)
Year Ended
December 31,
2015
Year Ended
December 31,
2014
Four Months
Ended
December 31,
2013
Eight Months
Ended
August 31,
2013
Expense (income) :
Gain on sale of digital imaging patent portfolio (1) $ — $ — $ — $ (535)
Goodwill and intangible asset impairments (2) (3) (4) (5) (6) 8 9 8 77
Gains related to the sales of assets and businesses (6) (3) (6) (34)
Gain recognized on assets acquired for no monetary consideration (7) (3) — — —
Other 3 3 — (3)
Total $ 2 $ 9 $ 2 $ (495)
(1) Refer to Note 24, “Emergence from Voluntary Reorganization under Chapter 11 Proceedings.”
(2) In the fourth quarter of 2015, Kodak recorded a goodwill impairment charge of $2 million related to the Intellectual Property Solutions reporting unit. Refer
to Note 5, “Goodwill and Other Intangible Assets.”
(3) In the first quarter of 2015, Kodak recorded a goodwill impairment charge of $6 million related to the Micro 3D Printing reporting unit. Refer to Note 5,
“Goodwill and Other Intangible Assets.”
(4) In the fourth quarter of 2014, Kodak recorded an impairment charge of $9 million related to an in-process research and development intangible asset
established as part of fresh start accounting.
(5) In the fourth quarter of 2013, Kodak recorded an impairment charge of $8 million related to the Kodak trade name. Refer to Note 5, “Goodwill and Other
Intangible Assets.”
(6) In the first quarter of 2013, Kodak recorded a goodwill impairment charge of $77 million related to the Intellectual Property and Consumer Products
reporting unit.
(7) Refer to Note 23, “Segment Information”, footnote 5 to the table entitled “Segment Operational EBITDA from Consolidated Loss from Continuing
Operations Before Income Taxes.”
NOTE 13: OTHER (CHARGES) INCOME, NET
Successor Predecessor
(in millions)
Year Ended
December 31,
2015
Year Ended
December 31,
2014
Four Months Ended
December 31,
2013
Eight Months Ended
August 31,
2013
Income (charges):
Interest income $ 1 $ 6 $ 3 $ 3
Loss on foreign exchange transactions (1) (17) (22) (5) (7)
Other (5) (5) 12 (9)
Total $ (21) $ (21) $ 10 $ (13)
(1) In 2015 and 2014 Kodak recorded a charges of $2 million and $16 million, respectively, from the remeasurement of its Venezuelan subsidiary’s monetary
assets and liabilities. Refer to Note 1, “Basis of Presentations and Significant Accounting Matters”, “Foreign Currency” section.
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