EASTMAN KODAK CO Goodwill & Intangibles Disclosure
NOTE 5: GOODWILL AND OTHER INTANGIBLE ASSETS
The following table presents the changes in the carrying value of goodwill by reportable segment.
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Advanced |
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Materials and |
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Consolidated |
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(in millions) |
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Chemicals |
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Brand |
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Total |
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Balance as of December 31, 2023 |
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$ |
6 |
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$ |
— |
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$ |
6 |
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$ |
12 |
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Impairment |
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— |
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— |
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— |
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— |
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As of December 31, 2024 |
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6 |
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— |
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6 |
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12 |
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Impairment |
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— |
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— |
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— |
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— |
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As of December 31, 2025 |
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$ |
6 |
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$ |
— |
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$ |
6 |
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$ |
12 |
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Gross goodwill |
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$ |
62 |
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$ |
8 |
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$ |
6 |
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$ |
76 |
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Accumulated impairment losses |
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(56 |
) |
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(8 |
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— |
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(64 |
) |
Balance as of December 31, 2025 |
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$ |
6 |
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$ |
— |
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$ |
6 |
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$ |
12 |
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The Print segment has four goodwill reporting units: Prepress Solutions; Electrophotographic Printing Solutions; Prosper; and Software. The Advanced Materials and Chemicals segment has three goodwill reporting units: Motion Picture and Industrial Films and Chemicals; Pharmaceuticals; and Advanced Materials and Functional Printing. The Brand segment has one goodwill reporting unit. As of December 31, 2025, goodwill is only recorded in the Brand and Software reporting units. Kodak elected to perform a quantitative goodwill impairment test as of December 31, 2025 for all reporting units.
Based upon the results of Kodak’s December 31, 2025 and 2024 annual impairment tests, no impairment of goodwill was indicated. As of December 31, 2025 and 2024 the carrying value of the Brand reporting unit was negative.
The gross carrying amount and accumulated amortization by major intangible asset category as of December 31, 2025 and 2024 were as follows:
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As of December 31, 2025 |
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Weighted Average |
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Remaining |
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Gross Carrying |
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Accumulated |
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Amortization Period |
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(in millions) |
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Amount |
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Amortization |
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Net |
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(in years) |
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Technology-based |
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$ |
99 |
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$ |
99 |
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$ |
— |
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N/A |
Kodak trade name |
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17 |
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— |
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17 |
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Indefinite |
Customer-related and other |
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9 |
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9 |
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— |
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N/A |
Total |
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$ |
125 |
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$ |
108 |
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$ |
17 |
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As of December 31, 2024 |
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Weighted Average |
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Remaining |
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Gross Carrying |
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Accumulated |
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Amortization Period |
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(in millions) |
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Amount |
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Amortization |
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Net |
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(in years) |
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Technology-based |
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$ |
99 |
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$ |
96 |
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$ |
3 |
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1 year |
Kodak trade name |
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17 |
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— |
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17 |
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Indefinite |
Customer-related and other |
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9 |
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9 |
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— |
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N/A |
Total |
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$ |
125 |
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$ |
105 |
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$ |
20 |
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Based on the results of Kodak’s December 31, 2025 and 2024 annual impairment test, no impairment of Kodak's trade name was indicated.
Amortization expense related to intangible assets was $3 million for the year ended December 31, 2025 and $4 million for both of the years ended December 31, 2024 and 2023.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 12, 2026 | Showing above |
| 2024 | Mar 17, 2025 | |
| 2023 | Mar 14, 2024 | |
| 2022 | Mar 16, 2023 | |
| 2020 | Mar 16, 2021 | |
| 2019 | Mar 17, 2020 | |
| 2018 | Apr 1, 2019 | |
| 2017 | Mar 15, 2018 | |
| 2016 | Mar 7, 2017 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.