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STOCKHOLDERS' EQUITY (Tables)
 3 Months Ended
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
)