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UNAUDITED CONSOLIDATED STATEMENTS OF EARNINGS, COMPREHENSIVE INCOME AND RETAINED EARNINGS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
Sales $ 2,447 $ 2,413 $ 7,423 $ 7,178
Cost of sales 1,752 1,777 5,352 5,290
Gross profit 695 636 2,071 1,888
Selling, general and administrative expenses 178 171 552 511
Research and development expenses 64 56 177 165
Asset impairments and restructuring charges, net 21 71 130 77
Operating earnings 432 338 1,212 1,135
Net interest expense 66 45 198 132
Other (income) charges, net 13 (5) 2 (16)
Earnings from continuing operations before income taxes 353 298 1,012 1,019
Provision for income taxes from continuing operations 95 86 283 281
Earnings from continuing operations 258 212 729 738
Earnings from discontinued operations, net of tax 0 0 0 2
Net earnings 258 212 729 740
Net earnings attributable to noncontrolling interest 2 2 5 5
Net earnings attributable to Eastman 256 210 724 735
Amounts attributable to Eastman stockholders        
Earnings from continuing operations, net of tax 256 210 724 733
Earnings from discontinued operations, net of tax 0 0   2
Net earnings attributable to Eastman $ 256 $ 210 $ 724 $ 735
Basic earnings per share attributable to Eastman        
Earnings from continuing operations [1] $ 1.73 $ 1.41 $ 4.87 $ 4.89
Earnings from discontinued operations 0.00 0.00 0.00 0.01
Basic earnings per share attributable to Eastman 1.73 1.41 4.87 4.90
Diluted earnings per share attributable to Eastman        
Earnings from continuing operations [1] 1.71 1.39 4.83 4.83
Earnings from discontinued operations 0.00 0.00 0.00 0.02
Diluted earnings per share attributable to Eastman $ 1.71 $ 1.39 $ 4.83 $ 4.85
Comprehensive Income        
Net earnings including noncontrolling interest $ 258 $ 212 $ 729 $ 740
Other comprehensive income (loss), net of tax        
Change in cumulative translation adjustment (47) (127) (183) (114)
Defined benefit pension and other postretirement benefit plans:        
Amortization of unrecognized prior service credits included in net periodic costs [2] (4) (4) (15) (12)
Derivatives and hedging:        
Unrealized gain (loss) during period [3] (66) 36 (27) 42
Reclassification adjustment for (gain) loss included in net income [3] 34 0 56 (9)
Total other comprehensive income (loss), net of tax (83) (95) (169) (93)
Comprehensive income including noncontrolling interest 175 117 560 647
Net earnings attributable to noncontrolling interest 2 2 5 5
Comprehensive income attributable to Eastman 173 115 555 642
Retained Earnings        
Retained earnings at beginning of period 4,893 4,431 4,545 4,012
Net earnings attributable to Eastman 256 210 724 735
Cash dividends declared (59) (53) (179) [4] (159)
Retained earnings at end of period $ 5,090 $ 4,588 $ 5,090 $ 4,588
[1] Earnings per share are calculated using whole dollars and shares.
[2] Included in the calculation of net periodic benefit costs for pension and other postretirement benefit plans. See Note 8, "Retirement Plans".
[3] For additional information regarding the impact of reclassifications into earnings, refer to Note 7, "Derivatives".
[4] Includes cash dividends paid and dividends declared, but unpaid.