My previous perception which I think is common, is that due to the amount they made from non-digital, they ignored digital until it was too late.
My revised perception after listening is that Kodak was right there at the cutting edge (and has the cameras and patents to prove it). Problem was how the company was structured. Pretty much https://en.wikipedia.org/wiki/Conway%27s_law
They had a 'chemical' photography division that did amazingly as they opened up photography to consumers. They created a digital division as they saw the way the market was heading. Problem was the fighting between the two divisions.