Note 20 - Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2026

Fair Value Disclosures [Abstract]

Derivatives Not Designated as Hedging Instruments

The net effect of foreign currency forward contracts in the results of operations is shown in the following table:


		Three Months Ended								Six Months Ended
		June 30,								June 30,
(in millions)		2026				2025				2026				2025
Net (gain) loss from derivatives not designated as hedging instruments		$	-			$	(4	)		$	2			$	(5	)

Summary of Key Inputs Used in Determination of Fair Value for Embedded Conversion Options

The following table presents the key inputs used in the determination of fair value for the embedded conversion options:


		Valuation Date
						March 11,
		June 30, 2026				2026 (inception)
Total value of embedded derivative ($ millions)		$	40			$	30
Kodak's closing stock price		$	9.25			$	6.95
Expected stock price volatility			66.50	%			65.00	%
Risk free rate			4.15	%			3.71	%
Implied yield on preferred stock			19.19	%			18.48	%