STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2017

Stockholders' Equity Note [Abstract]

Schedule of Reconciliation of the Changes in Stockholders' Equity

A reconciliation of the changes in stockholders' equity for 2017, 2016, and 2015 is provided below:



(Dollars in millions)	Common Stock at Par Value		Additional Paid-in Capital			Retained Earnings			Accumulated Other Comprehensive Income (Loss)			Treasury Stock at Cost			Total Eastman Stockholders' Equity			Noncontrolling Interest			Total Equity
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 Income	—		—			—			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
Net Earnings	—		—			1,384			—			—			1,384			4			1,388
Cash Dividends ⁽¹⁾	—		—			(303		)	—			—			(303		)	—			(303		)
Other Comprehensive Income	—		—			—			72			—			72			—			72
Share-Based Compensation Expense ⁽²⁾	—		52			—			—			—			52			—			52
Stock Option Exercises	—		22			—			—			—			22			—			22
Other	—		(6		)	—			—			—			(6		)	1			(5		)
Share Repurchase	—		—			—			—			(350		)	(350		)	—			(350		)
Distributions to noncontrolling interest	—		—			—			—			—			—			(4		)	(4		)
Balance at December 31, 2017	$	2	$	1,983		$	6,802		$	(209	)	$	(3,175	)	$	5,403		$	77		$	5,480


⁽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)	2017		2016		2015
Numerator
Net earnings attributable to Eastman	$	1,384	$	854	$	848

Denominator
Weighted average shares used for basic EPS	144.8		147.3		148.6
Dilutive effect of stock options and other award plans	1.3		1.1		1.2
Weighted average shares used for diluted EPS	146.1		148.4		149.8

EPS⁽¹⁾
Basic	$	9.56	$	5.80	$	5.71
Diluted	$	9.47	$	5.75	$	5.66


⁽¹⁾	Earnings per share are calculated using whole dollars and shares.

Schedule of Shares of Common Stock Issued



	For years ended December 31,
	2017	2016	2015

Balance at beginning of year	217,707,600	216,899,964	216,256,971
Issued for employee compensation and benefit plans	662,392	807,636	642,993
Balance at end of year	218,369,992	217,707,600	216,899,964

Schedule of Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)



(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, 2015	$	(284	)	$	129		$	(234	)	$	(1	)	$	(390	)
Period change	(97		)	34			172			—			109
Balance at December 31, 2016	(381		)	163			(62		)	(1		)	(281		)
Period change	85			(27		)	14			—			72
Balance at December 31, 2017	$	(296	)	$	136		$	(48	)	$	(1	)	$	(209	)

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

Components of total other comprehensive income (loss) 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,
	2017						2016						2015
(Dollars in millions)	Before Tax			Net of Tax			Before Tax			Net of Tax			Before Tax			Net of Tax
Change in cumulative translation adjustment	$	85		$	85		$	(97	)	$	(97	)	$	(216	)	$	(216	)
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	(43		)	(27		)	(48		)	(30		)	(30		)	(19		)
Change in defined benefit pension and other postretirement benefit plans	(43		)	(27		)	55			34			110			68
Derivatives and hedging:
Unrealized gain (loss) during period	11			7			150			93			(78		)	(48		)
Reclassification adjustment for losses included in net income, net	11			7			127			79			134			83
Change in derivatives and hedging	22			14			277			172			56			35
Total other comprehensive income (loss)	$	64		$	72		$	235		$	109		$	(50	)	$	(113	)

For additional information regarding the impact of reclassifications into earnings, refer to Note 9, "Derivative and Non-Derivative Financial Instruments" and Note 10, "Retirement Plans".