v3.26.1
Note 13 - Other (Income) Charges, Net
6 Months Ended
Jun. 30, 2026
Other Income and Expenses [Abstract]  
Other (Income) Charges, Net

NOTE 13: OTHER (INCOME) CHARGES, NET

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(in millions)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Interest income

 

$

(3

)

 

$

(1

)

 

$

(6

)

 

$

(3

)

Loss on foreign exchange transactions

 

 

3

 

 

 

4

 

 

 

5

 

 

 

6

 

Change in fair value of embedded preferred stock
   derivative liability
(1)

 

 

(2

)

 

 

 

 

 

10

 

 

 

 

Asset impairment (2)

 

 

 

 

 

17

 

 

 

 

 

 

17

 

Change in fair value of KRIP reversion investment
   assets

 

 

(6

)

 

 

 

 

 

(6

)

 

 

 

Other

 

 

 

 

 

 

 

 

(2

)

 

 

 

Total

 

$

(8

)

 

$

20

 

 

$

1

 

 

$

20

 

 

(1)
Refer to Note 20, "Financial Instruments" for information on the valuation of this derivative.
(2)
During the second quarter of 2025, Kodak recorded an impairment charge of $17 million related to its investment in Wildcat Discovery Technologies, Inc. (“Wildcat”) due to the strategic options and alternatives being contemplated by Wildcat. The fair value of Kodak’s investment in Wildcat was estimated using a probability weighted assessment of the various options being considered under a combination of market and income approaches (Level 3).