XML 23 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF EARNINGS, COMPREHENSIVE INCOME AND RETAINED EARNINGS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Income Statement [Abstract]      
Sales $ 9,648 $ 9,527 $ 9,350
Cost of sales 7,068 7,306 6,574
Gross profit 2,580 2,221 2,776
Selling, general and administrative expenses 762 755 645
Research and development expenses 251 227 193
Asset impairments and restructuring charges, net 183 77 76
Operating earnings 1,384 1,162 1,862
Net interest expense 263 187 180
Other (income) charges, net (8) (15) 3
Earnings from continuing operations before income taxes 1,129 990 1,679
Provision for income taxes from continuing operations 275 235 507
Earnings from continuing operations 854 755 1,172
Earnings from discontinued operations, net of tax 0 2 0
Net earnings 854 757 1,172
Net earnings attributable to noncontrollig interest 6 6 7
Net earnings attributable to Eastman stockholders 848 751 1,165
Amounts attributable to Eastman stockholders      
Earnings from continuing operations, net of tax 848 749 1,165
Earnings from discontinued operations, net of tax 0 2 0
Net earnings attributable to Eastman stockholders $ 848 $ 751 $ 1,165
Basic earnings per share attributable to Eastman      
Earnings from continuing operations [1] $ 5.71 $ 5.01 $ 7.57
Earnings from discontinued operations 0.00 0.02 0.00
Basic earnings per share attributable to Eastman 5.71 5.03 7.57
Diluted earnings per share attributable to Eastman      
Earnings from continuing operations [1] 5.66 4.95 7.44
Earnings from discontinued operations 0.00 0.02 0.00
Diluted earnings per share attributable to Eastman $ 5.66 $ 4.97 $ 7.44
Comprehensive Income      
Net earnings $ 854 $ 757 $ 1,172
Other comprehensive income (loss), net of tax      
Change in cumulative translation adjustment (216) (201) 28
Defined benefit pension and other postretirement benefit plans [Abstract]      
Prior service credit arising during the period 87 0 29
Amortization of unrecognized prior service credits included in net periodic costs (19) (17) (16)
Derivatives and hedging [Abstract]      
Unrealized gain (loss) during period (48) (230) 6
Reclassification adjustment for (gains) losses included in net income, net 83 0 1
Total other comprehensive income (loss), net of tax (113) (448) 48
Comprehensive income including noncontrolling interest 741 309 1,220
Net earnings attributable to noncontrollig interest 6 6 7
Comprehensive income attributable to Eastman 735 303 1,213
Retained Earnings      
Retained earnings at beginning of period 4,545 4,012 3,038
Net earnings attributable to Eastman stockholders 848 751 1,165
Cash dividends declared [2] (247) (218) (191)
Retained earnings at end of period $ 5,146 $ 4,545 $ 4,012
[1] Earnings per share are calculated using whole dollars and shares.
[2] Includes cash dividends paid and dividends declared, but unpaid.