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UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Millions
Jun. 30, 2016
Dec. 31, 2015
Current assets    
Cash and cash equivalents $ 240 $ 293
Trade receivables, net of allowance for doubtful accounts 951 792
Miscellaneous receivables 226 246
Inventories 1,445 1,479
Other current assets 68 68
Total current assets 2,930 2,878
Properties    
Properties and equipment at cost 11,440 11,234
Less: Accumulated depreciation 6,278 6,104
Net properties 5,162 5,130
Goodwill 4,520 4,518
Intangible assets, net of accumulated amortization 2,585 2,650
Other noncurrent assets 385 404
Total assets 15,582 15,580 [1]
Current liabilities    
Payables and other current liabilities 1,467 1,625
Borrowings due within one year 722 431
Total current liabilities 2,189 2,056
Long-term borrowings 6,082 6,577
Deferred income tax liabilities 1,014 928
Post-employment obligations 1,276 1,297
Other long-term liabilities 568 701
Total liabilities 11,129 11,559
Stockholders' equity    
Common stock ($0.01 par value – 350,000,000 shares authorized; shares issued – 217,431,231 and 216,899,964 for 2016 and 2015, respectively) 2 2
Additional paid-in capital 1,892 1,863
Retained earnings 5,517 5,146
Accumulated other comprehensive loss (311) (390)
Stockholder's Equity before Treasury Stock 7,100 6,621
Less: Treasury stock at cost (69,770,044 shares for 2016 and 69,137,973 shares for 2015) 2,725 2,680
Total Eastman stockholders' equity 4,375 3,941
Noncontrolling interest 78 80
Total equity 4,453 4,021
Total liabilities and stockholders' equity $ 15,582 $ 15,580
[1] The chief operating decision maker holds segment management accountable for accounts receivable, inventory, fixed assets, goodwill, and intangible assets.