XML 50 R33.htm IDEA: XBRL DOCUMENT
v3.5.0.2

STOCKHOLDERS' EQUITY (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2016
Stockholders' Equity Note [Abstract] |
Reconciliation of the changes in stockholders' equity | A reconciliation of the changes in stockholders' equity for first nine 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 | — |  |  | — |  |  | 738 |  |  | — |  |  | — |  |  | 738 |  |  | 3 |  |  | 741 |
Cash Dividends Declared (1) ($1.38 per share) | — |  |  | — |  |  | (204 | ) |  | — |  |  | — |  |  | (204 | ) |  | — |  |  | (204 | )
Other Comprehensive Income (2) | — |  |  | — |  |  | — |  |  | 42 |  |  | — |  |  | 42 |  |  | — |  |  | 42 |
Share-Based Compensation Expense (3) | — |  |  | 27 |  |  | — |  |  | — |  |  | — |  |  | 27 |  |  | — |  |  | 27 |
Stock Option Exercises | — |  |  | 17 |  |  | — |  |  | — |  |  | — |  |  | 17 |  |  | — |  |  | 17 |
Share Repurchase | — |  |  | — |  |  | — |  |  | — |  |  | (120 | ) |  | (120 | ) |  | — |  |  | (120 | )
Distributions to Noncontrolling Interest | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (8 | ) |  | (8 | )
Balance at September 30, 2016 | $ | 2 |  |  | $ | 1,907 |  |  | $ | 5,680 |  |  | $ | (348 | ) |  | $ | (2,800 | ) |  | $ | 4,441 |  |  | $ | 75 |  |  | $ | 4,516 |
(1) | Cash dividends declared includes cash dividends paid and dividends declared, but unpaid.
(2) | See Note 1, "Basis of Presentation" regarding correction of prior period foreign currency translation.
(3) | Share-based compensation expense is the fair value of share-based awards.
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 (1) | (6 | ) |  | (21 | ) |  | 69 |  |  | — |  |  | 42 |
Balance at September 30, 2016 | $ | (290 | ) |  | $ | 108 |  |  | $ | (165 | ) |  | $ | (1 | ) |  | $ | (348 | )
(1) | See Note 1, "Basis of Presentation" regarding correction of prior period foreign currency translation.
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:
| Third 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 (1) | $ | (42 | ) |  | $ | (42 | ) |  | $ | (47 | ) |  | $ | (47 | )
Defined benefit pension and other postretirement benefit plans: |  |  |  |  |  |  |  |
Amortization of unrecognized prior service credits included in net periodic costs (2) | (12 | ) |  | (7 | ) |  | (7 | ) |  | (4 | )
Derivatives and hedging: (3) |  |  |  |  |  |  |  |
Unrealized loss during period | (11 | ) |  | (7 | ) |  | (107 | ) |  | (66 | )
Reclassification adjustment for losses included in net income, net | 30 |  |  | 19 |  |  | 55 |  |  | 34 |
Total other comprehensive income (loss) | $ | (35 | ) |  | $ | (37 | ) |  | $ | (106 | ) |  | $ | (83 | )
| First Nine 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 (1) | $ | (6 | ) |  | $ | (6 | ) |  | $ | (183 | ) |  | $ | (183 | )
Defined benefit pension and other postretirement benefit plans: |  |  |  |  |  |  |  |
Amortization of unrecognized prior service credits included in net periodic costs (2) | (34 | ) |  | (21 | ) |  | (24 | ) |  | (15 | )
Derivatives and hedging:(3) |  |  |  |  |  |  |  |
Unrealized gain (loss) during period | 21 |  |  | 13 |  |  | (44 | ) |  | (27 | )
Reclassification adjustment for losses included in net income, net | 90 |  |  | 56 |  |  | 90 |  |  | 56 |
Total other comprehensive income (loss) | $ | 71 |  |  | $ | 42 |  |  | $ | (161 | ) |  | $ | (169 | )
(1) | See Note 1, "Basis of Presentation" regarding correction of prior period foreign currency translation.
(2) | Included in the calculation of net periodic benefit costs for pension and other postretirement benefit plans. See Note 9, "Retirement Plans".
(3) | For additional information regarding the impact of reclassifications into earnings, see Note 8, "Derivative and Non-Derivative Financial Instruments".

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=66004124&loc=SL7669686-108580 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e526-108580 + Details
Name: | us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfStockholdersEquityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration