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STOCKHOLDERS' EQUITY | 6 Months Ended
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Jun. 30, 2017
Stockholders' Equity Note [Abstract] |
STOCKHOLDERS' EQUITY | STOCKHOLDERS' EQUITY A reconciliation of the changes in stockholders' equity for first six months 2017 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, 2016 | $ | 2 |  |  | $ | 1,915 |  |  | $ | 5,721 |  |  | $ | (281 | ) |  | $ | (2,825 | ) |  | $ | 4,532 |  |  | $ | 76 |  |  | $ | 4,608 |
Net Earnings | — |  |  | — |  |  | 570 |  |  | — |  |  | — |  |  | 570 |  |  | 3 |  |  | 573 |
Cash Dividends Declared (1) ($1.02 per share) | — |  |  | — |  |  | (149 | ) |  | — |  |  | — |  |  | (149 | ) |  | — |  |  | (149 | )
Other Comprehensive Income | — |  |  | — |  |  | — |  |  | (5 | ) |  | — |  |  | (5 | ) |  | — |  |  | (5 | )
Share-Based Compensation Expense (2) | — |  |  | 27 |  |  | — |  |  | — |  |  | — |  |  | 27 |  |  | — |  |  | 27 |
Stock Option Exercises | — |  |  | 17 |  |  | — |  |  | — |  |  | — |  |  | 17 |  |  | — |  |  | 17 |
Other | — |  |  | (5 | ) |  | — |  |  | — |  |  | — |  |  | (5 | ) |  | (1 | ) |  | (6 | )
Share Repurchases | — |  |  | — |  |  | — |  |  | — |  |  | (175 | ) |  | (175 | ) |  | — |  |  | (175 | )
Balance at June 30, 2017 | $ | 2 |  |  | $ | 1,954 |  |  | $ | 6,142 |  |  | $ | (286 | ) |  | $ | (3,000 | ) |  | $ | 4,812 |  |  | $ | 78 |  |  | $ | 4,890 |
(1) | Cash dividends declared includes cash dividends paid and dividends declared, but unpaid.
(2) | Share-based compensation expense is the fair value of share-based awards.
Accumulated Other Comprehensive Income (Loss), Net of Tax
(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, 2015 | $ | (284 | ) |  | $ | 129 |  |  | $ | (234 | ) |  | $ | (1 | ) |  | $ | (390 | )
Period change | (97 | ) |  | 34 |  |  | 172 |  |  | — |  |  | 109 |
Balance at December 31, 2016 | (381 | ) |  | 163 |  |  | (62 | ) |  | (1 | ) |  | (281 | )
Period change | 43 |  |  | (13 | ) |  | (35 | ) |  | — |  |  | (5 | )
Balance at June 30, 2017 | $ | (338 | ) |  | $ | 150 |  |  | $ | (97 | ) |  | $ | (1 | ) |  | $ | (286 | )
Amounts of other comprehensive income (loss) are presented net of applicable taxes. The Company recognizes deferred income taxes on the cumulative translation adjustment related to branch operations and income from other entities included in the Company's consolidated U.S. tax return. No deferred income taxes are provided on the cumulative translation adjustment of other subsidiaries outside the United States, as such cumulative translation adjustment is considered to be a component of indefinitely invested, unremitted earnings of these foreign subsidiaries. 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
| 2017 |  | 2016
(Dollars in millions) | Before Tax |  | Net of Tax |  | Before Tax |  | Net of Tax
Other comprehensive income (loss) |  |  |  |  |  |  |
Change in cumulative translation adjustment | $ | 36 |  |  | $ | 36 |  |  | $ | (70 | ) |  | $ | (70 | )
Defined benefit pension and other postretirement benefit plans: |  |  |  |  |  |  |
Amortization of unrecognized prior service credits included in net periodic costs (1) | (11 | ) |  | (6 | ) |  | (11 | ) |  | (7 | )
Derivatives and hedging: (2) |  |  |  |  |  |  |
Unrealized gain (loss) during period | (28 | ) |  | (18 | ) |  | 62 |  |  | 38 |
Reclassification adjustment for losses included in net income, net | 13 |  |  | 8 |  |  | 53 |  |  | 33 |
Total other comprehensive income (loss) | $ | 10 |  |  | $ | 20 |  |  | $ | 34 |  |  | $ | (6 | )
| First Six Months
| 2017 |  | 2016
(Dollars in millions) | Before Tax |  | Net of Tax |  | Before Tax |  | Net of Tax
Other comprehensive income (loss) |  |  |  |  |  |  |
Change in cumulative translation adjustment | $ | 43 |  |  | $ | 43 |  |  | $ | 36 |  |  | $ | 36 |
Defined benefit pension and other postretirement benefit plans: |  |  |  |  |  |  |
Amortization of unrecognized prior service credits included in net periodic costs (1) | (22 | ) |  | (13 | ) |  | (22 | ) |  | (14 | )
Derivatives and hedging: (2) |  |  |  |  |  |  |  |
Unrealized gain (loss) during period | (62 | ) |  | (39 | ) |  | 32 |  |  | 20 |
Reclassification adjustment for losses included in net income, net | 7 |  |  | 4 |  |  | 60 |  |  | 37 |
Total other comprehensive income (loss) | $ | (34 | ) |  | $ | (5 | ) |  | $ | 106 |  |  | $ | 79 |
(1) | Included in the calculation of net periodic benefit costs for pension and other postretirement benefit plans. See Note 7, "Retirement Plans".
(2) | For additional information regarding the impact of reclassifications into earnings, see Note 6, "Derivative and Non-Derivative Financial Instruments".

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB Topic 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74567-122707 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(31)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB Topic 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(d)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 15: 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 Reference 16: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 + Details
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