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STOCKHOLDERS' EQUITY (Tables) | 3 Months Ended
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Mar. 31, 2016
Stockholders' Equity Note [Abstract] |
Reconciliation of the changes in stockholders' equity | A reconciliation of the changes in stockholders' equity for first three months 2016 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, 2015 | $ | 2 |  |  | $ | 1,863 |  |  | $ | 5,146 |  |  | $ | (390 | ) |  | $ | (2,680 | ) |  | $ | 3,941 |  |  | $ | 80 |  |  | $ | 4,021 |
Net Earnings | — |  |  | — |  |  | 251 |  |  | — |  |  | — |  |  | 251 |  |  | — |  |  | 251 |
Cash Dividends Declared (1) ($0.46 per share) | — |  |  | — |  |  | (67 | ) |  | — |  |  | — |  |  | (67 | ) |  | — |  |  | (67 | )
Other Comprehensive Income | — |  |  | — |  |  | — |  |  | 85 |  |  | — |  |  | 85 |  |  | — |  |  | 85 |
Share-Based Compensation Expense (2) | — |  |  | 13 |  |  | — |  |  | — |  |  | — |  |  | 13 |  |  | — |  |  | 13 |
Stock Option Exercises | — |  |  | 5 |  |  | — |  |  | — |  |  | — |  |  | 5 |  |  | — |  |  | 5 |
Other (3) | — |  |  | (4 | ) |  | — |  |  | — |  |  | — |  |  | (4 | ) |  | 1 |  |  | (3 | )
Share Repurchase | — |  |  | — |  |  | — |  |  | — |  |  | (20 | ) |  | (20 | ) |  | — |  |  | (20 | )
Balance at March 31, 2016 | $ | 2 |  |  | $ | 1,877 |  |  | $ | 5,330 |  |  | $ | (305 | ) |  | $ | (2,700 | ) |  | $ | 4,204 |  |  | $ | 81 |  |  | $ | 4,285 |
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, 2014 | $ | (68 | ) |  | $ | 61 |  |  | $ | (269 | ) |  | $ | (1 | ) |  | $ | (277 | )
Period change | (216 | ) |  | 68 |  |  | 35 |  |  | — |  |  | (113 | )
Balance at December 31, 2015 | (284 | ) |  | 129 |  |  | (234 | ) |  | (1 | ) |  | (390 | )
Period change | 106 |  |  | (7 | ) |  | (14 | ) |  | — |  |  | 85 |
Balance at March 31, 2016 | $ | (178 | ) |  | $ | 122 |  |  | $ | (248 | ) |  | $ | (1 | ) |  | $ | (305 | )
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:
| First Quarter
| 2016 |  | 2015
(Dollars in millions) | Before Tax |  | Net of Tax |  | Before Tax |  | Net of Tax
Other comprehensive income (loss) |  |  |  |  |  |  |
Change in cumulative translation adjustment | $ | 106 |  |  | $ | 106 |  |  | $ | (212 | ) |  | $ | (212 | )
Defined benefit pension and other postretirement benefit plans: |  |  |  |  |  |  |  |
Amortization of unrecognized prior service credits included in net periodic costs (1) | (11 | ) |  | (7 | ) |  | (7 | ) |  | (4 | )
Derivatives and hedging: (2) |  |  |  |  |  |  |  |
Unrealized (loss) gain during period | (30 | ) |  | (18 | ) |  | 89 |  |  | 55 |
Reclassification adjustment for losses (gains) included in net income, net | 7 |  |  | 4 |  |  | (5 | ) |  | (3 | )
Change in derivatives and hedging | (23 | ) |  | (14 | ) |  | 84 |  |  | 52 |
Total other comprehensive income (loss) | $ | 72 |  |  | $ | 85 |  |  | $ | (135 | ) |  | $ | (164 | )

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- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 + Details
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