STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2016

Stockholders' Equity Note [Abstract]

Schedule of Reconciliation of the Changes in Stockholders' Equity

A reconciliation of the changes in stockholders' equity for 2016, 2015, and 2014 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, 2013	$	2	$	1,778		$	4,012		$	171		$	(2,167	)	$	3,796		$	79		$	3,875
Net Earnings	—		—			751			—			—			751			6			757
Cash Dividends ⁽¹⁾	—		—			(218		)	—			—			(218		)	—			(218		)
Other Comprehensive Loss	—		—			—			(448		)	—			(448		)	—			(448		)
Share-Based Compensation Expense ⁽²⁾	—		28			—			—			—			28			—			28
Stock Option Exercises	—		13			—			—			—			13			—			13
Other	—		(2		)	—			—			—			(2		)	(1		)	(3		)
Share Repurchase	—		—			—			—			(410		)	(410		)	—			(410		)
Distributions to noncontrolling interest	—		—			—			—			—			—			(4		)	(4		)
Balance at December 31, 2014	$	2	$	1,817		$	4,545		$	(277	)	$	(2,577	)	$	3,510		$	80		$	3,590
Net Earnings	—		—			848			—			—			848			6			854
Cash Dividends ⁽¹⁾	—		—			(247		)	—			—			(247		)	—			(247		)
Other Comprehensive Loss	—		—			—			(113		)	—			(113		)	—			(113		)
Share-Based Compensation Expense ⁽²⁾	—		37			—			—			—			37			—			37
Stock Option Exercises	—		8			—			—			—			8			—			8
Other	—		1			—			—			—			1			—			1
Share Repurchase	—		—			—			—			(103		)	(103		)	—			(103		)
Distributions to noncontrolling interest	—		—			—			—			—			—			(6		)	(6		)
Balance at December 31, 2015	$	2	$	1,863		$	5,146		$	(390	)	$	(2,680	)	$	3,941		$	80		$	4,021
Net Earnings	—		—			854			—			—			854			5			859
Cash Dividends ⁽¹⁾	—		—			(279		)	—			—			(279		)	—			(279		)
Other Comprehensive Loss ⁽³⁾	—		—			—			109			—			109			—			109
Share-Based Compensation Expense ⁽²⁾	—		35			—			—			—			35			—			35
Stock Option Exercises	—		21			—			—			—			21			—			21
Other	—		(4		)	—			—			—			(4		)	(1		)	(5		)
Share Repurchase	—		—			—			—			(145		)	(145		)	—			(145		)
Distributions to noncontrolling interest	—		—			—			—			—			—			(8		)	(8		)
Balance at December 31, 2016	$	2	$	1,915		$	5,721		$	(281	)	$	(2,825	)	$	4,532		$	76		$	4,608


⁽¹⁾	Cash dividends includes cash dividends paid and dividends declared, but unpaid.


⁽²⁾	Share-based compensation expense is the fair value of share-based awards.

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]



	For years ended December 31,
(In millions, except per share amounts)	2016		2015		2014
Numerator
Earnings attributable to Eastman stockholders:
Earnings from continuing operations, net of tax	$	854	$	848	$	749

Denominator
Weighted average shares used for basic EPS	147.3		148.6		149.5
Dilutive effect of stock options and other award plans	1.1		1.2		1.6
Weighted average shares used for diluted EPS	148.4		149.8		151.1

EPS from continuing operations⁽¹⁾
Basic	$	5.80	$	5.71	$	5.01
Diluted	$	5.75	$	5.66	$	4.95

Schedule of Shares of Common Stock Issued



	For years ended December 31,
Shares of common stock issued ⁽¹⁾	2016	2015	2014

Balance at beginning of year	216,899,964	216,256,971	215,131,237
Issued for employee compensation and benefit plans	807,636	642,993	1,125,734
Balance at end of year	217,707,600	216,899,964	216,256,971

Schedule of Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss), Net of Tax



(Dollars in millions)	Cumulative Translation Adjustment			Benefit Plans Unrecognized Prior Service Credits		Unrealized Gains (Losses) on Cash Flow Hedges			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⁾	(97		)	34		172			—			109
Balance at December 31, 2016	$	(381	)	$	163	$	(62	)	$	(1	)	$	(281	)

Schedule of Components of Comprehensive Income (Loss) Before Tax and Net of Tax Effects

Components of other comprehensive income recorded in the Consolidated Statements of Earnings, Comprehensive Income and Retained Earnings are presented below, before tax and net of tax effects:



	For years ended December 31,
	2016						2015						2014
(Dollars in millions)	Before Tax			Net of Tax			Before Tax			Net of Tax			Before Tax			Net of Tax
Other comprehensive income (loss)
Change in cumulative translation adjustment	$	(97	)	$	(97	)	$	(216	)	$	(216	)	$	(201	)	$	(201	)
Defined benefit pension and other postretirement benefit plans:
Prior service credit arising during the period	103			64			140			87			—			—
Amortization of unrecognized prior service credits included in net periodic costs	(48		)	(30		)	(30		)	(19		)	(28		)	(17		)
Change in defined benefit pension and other postretirement benefit plans	55			34			110			68			(28		)	(17		)
Derivatives and hedging:
Unrealized gain (loss)	150			93			(78		)	(48		)	(371		)	(230		)
Reclassification adjustment for loss included in net income	127			79			134			83			—			—
Change in derivatives and hedging	277			172			56			35			(371		)	(230		)
Total other comprehensive income (loss)	$	235		$	109		$	(50	)	$	(113	)	$	(600	)	$	(448	)

For additional information regarding the impact of reclassifications into earnings, refer to Note 10, "Derivative and Non-Derivative Financial Instruments" and Note 11, "Retirement Plans".