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STOCKHOLDERS' EQUITY (Tables)
 9 Months Ended
Sep. 30, 2015
Stockholders' Equity Note [Abstract]  
Reconciliation of the changes in stockholders' equity
A reconciliation of the changes in stockholders' equity for first nine months 2015 is provided below:
(Dollars in millions)
Common Stock at Par Value
$
 
Paid-in Capital
$
 
Retained Earnings
$
 
Accumulated Other Comprehensive Income (Loss)
$
 
Treasury Stock at Cost
$
 
Total Stockholders' Equity Attributed to Eastman
$
 
Noncontrolling Interest $
 
Total Stockholders' Equity $
Balance at December 31, 2014
2

 
1,817

 
4,545

 
(277
)
 
(2,577
)
 
3,510

 
80

 
3,590

Net Earnings
—

 
—

 
724

 
—

 
—

 
724

 
5

 
729

Cash Dividends Declared (1)
($1.20 per share)
—

 
—

 
(179
)
 
—

 
—

 
(179
)
 
—

 
(179
)
Other Comprehensive Income
—

 
—

 
—

 
(169
)
 
—

 
(169
)
 
—

 
(169
)
Share-Based Compensation Expense (2)
—

 
30

 
—

 
—

 
—

 
30

 
—

 
30

Stock Option Exercises
—

 
7

 
—

 
—

 
—

 
7

 
—

 
7

Other (3)
—

 
2

 
—

 
—

 
—

 
2

 
—

 
2

Share Repurchase
—

 
—

 
—

 
—

 
(48
)
 
(48
)
 
—

 
(48
)
Distributions to Noncontrolling Interest
—

 
—

 
—

 
—

 
—

 
—

 
(6
)
 
(6
)
Balance at September 30, 2015
2

 
1,856

 
5,090

 
(446
)
 
(2,625
)
 
3,877

 
79

 
3,956
Accumulated Other Comprehensive Income (Loss)
 
 
 
 
(Dollars in millions)
Cumulative Translation Adjustment
 
Benefit Plans Unrecognized Prior Service Credits
 
Unrealized Gains (Losses) on Derivative Instruments
 
Unrealized Losses on Investments
 
Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2013
$
133

 
$
78

 
$
(39
)
 
$
(1
)
 
$
171

Period change
(201
)
 
(17
)
 
(230
)
 
—

 
(448
)
Balance at December 31, 2014
(68
)
 
61

 
(269
)
 
(1
)
 
(277
)
Period change
(183
)
 
(15
)
 
29

 
—

 
(169
)
Balance at September 30, 2015
$
(251
)
 
$
46

 
$
(240
)
 
$
(1
)
 
$
(446
)
Schedule of components of comprehensive income (loss) before tax and net of tax effects
Components of other comprehensive income recognized in the Unaudited Consolidated Statements of Earnings, Comprehensive Income and Retained Earnings are presented below, before tax and net of tax effects:
 
Third Quarter
 
2015
 
2014
(Dollars in millions)
Before Tax
 
Net of Tax
 
Before Tax
 
Net of Tax
Other comprehensive income (loss)
 
 
 
 
 
 
 
Change in cumulative translation adjustment
$
(47
)
 
$
(47
)
 
$
(127
)
 
$
(127
)
Defined benefit pension and other postretirement benefit plans:
 
 
 
 
 
 
 

Amortization of unrecognized prior service credits included in net periodic costs (1)
(7
)
 
(4
)
 
(7
)
 
(4
)
Derivatives and hedging: (2)
 
 
 
 
 
 
 

Unrealized gain (loss)
(107
)
 
(66
)
 
58

 
36

Reclassification adjustment for (gain) loss included in net income
55

 
34

 
—

 
—

Change in derivatives and hedging
(52
)
 
(32
)
 
58

 
36

Total other comprehensive income (loss)
$
(106
)
 
$
(83
)
 
$
(76
)
 
$
(95
)
 
 
 
 
 
 
 
 
 
First Nine Months
 
2015
 
2014
(Dollars in millions)
Before Tax
 
Net of Tax
 
Before Tax
 
Net of Tax
Other comprehensive income (loss)
 
 
 
 
 
 
 
Change in cumulative translation adjustment
$
(183
)
 
$
(183
)
 
$
(115
)
 
$
(114
)
Defined benefit pension and other postretirement benefit plans:
 
 
 
 
 
 
 

Amortization of unrecognized prior service credits included in net periodic costs (1)
(21
)
 
(15
)
 
(21
)
 
(12
)
Derivatives and hedging:(2)
 
 
 
 
 
 
 

Unrealized gain (loss)
(44
)
 
(27
)
 
67

 
42

Reclassification adjustment for (gain) loss included in net income
90

 
56

 
(14
)
 
(9
)
Change in derivatives and hedging
46

 
29

 
53

 
33

Total other comprehensive income (loss)
$
(158
)
 
$
(169
)
 
$
(83
)
 
$
(93
)