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UNAUDITED CONSOLIDATED STATEMENTS OF EARNINGS, COMPREHENSIVE INCOME AND RETAINED EARNINGS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Sales $ 2,465 $ 2,287 $ 7,187 $ 6,820
Cost of sales 1,774 1,666 5,220 4,960
Gross profit 691 621 1,967 1,860
Selling, general and administrative expenses 175 181 525 538
Research and development expenses 56 54 165 163
Asset impairments and restructuring charges, net 0 30 0 28
Operating earnings 460 356 1,277 1,131
Net interest expense 61 64 182 191
Early debt extinguishment costs 0 0 0 9
Other (income) charges, net (4) 3 (8) (5)
Earnings before income taxes 403 289 1,103 936
Provision for income taxes 79 56 206 195
Net earnings 324 233 897 741
Less: Net earnings attributable to noncontrolling interest 1 1 4 3
Net earnings attributable to Eastman $ 323 $ 232 $ 893 $ 738
Basic earnings per share attributable to Eastman        
Basic earnings per share attributable to Eastman $ 2.24 $ 1.57 $ 6.15 $ 5.00
Diluted earnings per share attributable to Eastman        
Diluted earnings per share attributable to Eastman $ 2.22 $ 1.56 $ 6.10 $ 4.96
Comprehensive Income        
Net earnings including noncontrolling interest $ 324 $ 233 $ 897 $ 741
Other comprehensive income (loss), net of tax:        
Change in cumulative translation adjustment 17 (42) 60 (6)
Defined benefit pension and other postretirement benefit plans:        
Amortization of unrecognized prior service credits included in net periodic costs (7) (7) (20) (21)
Derivatives and hedging:        
Unrealized gain (loss) during period 31 (7) (8) 13
Reclassification adjustment for losses included in net income, net 7 19 11 56
Total other comprehensive income (loss), net of tax 48 (37) 43 42
Comprehensive income including noncontrolling interest 372 196 940 783
Less: Net earnings attributable to noncontrolling interest 1 1 4 3
Comprehensive income attributable to Eastman 371 195 936 780
Retained Earnings        
Retained earnings at beginning of period 6,142 5,517 5,721 5,146
Net earnings attributable to Eastman 323 232 893 738
Cash dividends declared (74) (69) (223) [1] (204)
Retained earnings at end of period $ 6,391 $ 5,680 $ 6,391 $ 5,680
[1] Cash dividends declared includes cash dividends paid and dividends declared, but unpaid.