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STOCKHOLDERS' EQUITY (Tables)
 6 Months Ended
Jun. 30, 2016
Stockholders' Equity Note [Abstract]  
Reconciliation of the changes in stockholders' equity
A reconciliation of the changes in stockholders' equity for first six 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
—

 
—

 
506

 
—

 
—

 
506

 
2

 
508

Cash Dividends Declared (1)
($0.92 per share)
—

 
—

 
(135
)
 
—

 
—

 
(135
)
 
—

 
(135
)
Other Comprehensive Income
—

 
—

 
—

 
79

 
—

 
79

 
—

 
79

Share-Based Compensation Expense (2)
—

 
20

 
—

 
—

 
—

 
20

 
—

 
20

Stock Option Exercises
—

 
11

 
—

 
—

 
—

 
11

 
—

 
11

Other (3)
—

 
(2
)
 
—

 
—

 
—

 
(2
)
 
(1
)
 
(3
)
Share Repurchase
—

 
—

 
—

 
—

 
(45
)
 
(45
)
 
—

 
(45
)
Distributions to Noncontrolling Interest
—

 
—

 
—

 
—

 
—

 
—

 
(3
)
 
(3
)
Balance at June 30, 2016
$
2

 
$
1,892

 
$
5,517

 
$
(311
)
 
$
(2,725
)
 
$
4,375

 
$
78

 
$
4,453
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
36

 
(14
)
 
57

 
—

 
79

Balance at June 30, 2016
$
(248
)
 
$
115

 
$
(177
)
 
$
(1
)
 
$
(311
)
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:
 
Second 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
$
(70
)
 
$
(70
)
 
$
76

 
$
76

Defined benefit pension and other postretirement benefit plans:
 
 
 
 
 
 
 

Amortization of unrecognized prior service credits included in net periodic costs (1)
(11
)
 
(7
)
 
(10
)
 
(7
)
Derivatives and hedging: (2)
 
 
 
 
 
 
 

Unrealized gain (loss) during period
62

 
38

 
(26
)
 
(16
)
Reclassification adjustment for losses included in net income, net
53

 
33

 
40

 
25

Total other comprehensive income (loss)
$
34

 
$
(6
)
 
$
80

 
$
78

 
 
 
 
 
 
 
 
 
First Six Months
 
2016
 
2015
(Dollars in millions)
Before Tax
 
Net of Tax
 
Before Tax
 
Net of Tax
Other comprehensive income (loss)
 
 
 
 
 
 
 
Change in cumulative translation adjustment
$
36

 
$
36

 
$
(136
)
 
$
(136
)
Defined benefit pension and other postretirement benefit plans:
 
 
 
 
 
 
 

Amortization of unrecognized prior service credits included in net periodic costs (1)
(22
)
 
(14
)
 
(17
)
 
(11
)
Derivatives and hedging:(2)
 
 
 
 
 
 
 

Unrealized gain during period
32

 
20

 
63

 
39

Reclassification adjustment for losses included in net income, net
60

 
37

 
35

 
22

Total other comprehensive income (loss)
$
106

 
$
79

 
$
(55
)
 
$
(86
)