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REVENUE RECOGNITION (Tables) | 12 Months Ended
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Dec. 31, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Abstract] |
Quarterly Financial Information [Table Text Block] |
(Dollars in millions, except per share amounts) | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
2018 |  |  |  |  |  |  |
Sales | $ | 2,607 |  |  | $ | 2,621 |  |  | $ | 2,547 |  |  | $ | 2,376 |
Gross profit | 581 |  |  | 704 |  |  | 728 |  |  | 466 |
Asset impairments and restructuring charges, net | 2 |  |  | 4 |  |  | — |  |  | 39 |
Net earnings attributable to Eastman | 290 |  |  | 344 |  |  | 412 |  |  | 34 |
Net earnings per share attributable to Eastman(1) |  |  |  |  |  |  |  |  |  |  |
Basic | $ | 2.03 |  |  | $ | 2.42 |  |  | $ | 2.93 |  |  | $ | 0.25 |
Diluted | $ | 2.00 |  |  | $ | 2.39 |  |  | $ | 2.89 |  |  | $ | 0.24 |
(1) | Each quarter is calculated as a discrete period; the sum of the four quarters may not equal the calculated full year amount.
(Dollars in millions, except per share amounts) | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
2017 |  |  |  |  |  |  |
Sales | $ | 2,303 |  |  | $ | 2,419 |  |  | $ | 2,465 |  |  | $ | 2,362 |
Gross profit | 605 |  |  | 630 |  |  | 671 |  |  | 457 |
Asset impairments and restructuring charges, net | — |  |  | — |  |  | — |  |  | 8 |
Net earnings attributable to Eastman | 278 |  |  | 292 |  |  | 323 |  |  | 491 |
Net earnings per share attributable to Eastman(1) |  |  |  |  |  |  |
Basic | $ | 1.90 |  |  | $ | 2.01 |  |  | $ | 2.24 |  |  | $ | 3.42 |
Diluted | $ | 1.89 |  |  | $ | 2.00 |  |  | $ | 2.22 |  |  | $ | 3.39 |
(1) | Each quarter is calculated as a discrete period; the sum of the four quarters may not equal the calculated full year amount.
The tables below summarize the impact of adopting the new standard on fourth quarter and full year 2018 financial statements:
| Fourth Quarter 2018 |  | Twelve Months 2018
(Dollars in millions, except per share amounts) | Previous Standard |  | Change |  | Current Standard |  | Previous Standard |  | Change |  | Current Standard
Sales | $ | 2,387 |  |  | $ | (11 | ) |  | $ | 2,376 |  |  | $ | 10,108 |  |  | $ | 43 |  |  | $ | 10,151 |
Cost of sales | 1,909 |  |  | 1 |  |  | 1,910 |  |  | 7,642 |  |  | 30 |  |  | 7,672 |
Gross profit | 478 |  |  | (12 | ) |  | 466 |  |  | 2,466 |  |  | 13 |  |  | 2,479 |
EBIT | 147 |  |  | (12 | ) |  | 135 |  |  | 1,539 |  |  | 13 |  |  | 1,552 |
Net earnings attributable to Eastman | 44 |  |  | (10 | ) |  | 34 |  |  | 1,069 |  |  | 11 |  |  | 1,080 |
Basic earnings per share attributable to Eastman | $ | 0.33 |  |  | $ | (0.08 | ) |  | $ | 0.25 |  |  | $ | 7.58 |  |  | $ | 0.07 |  |  | $ | 7.65 |
Diluted earnings per share attributable to Eastman | $ | 0.31 |  |  | $ | (0.07 | ) |  | $ | 0.24 |  |  | $ | 7.49 |  |  | $ | 0.07 |  |  | $ | 7.56 |
| Fourth Quarter 2018 |  | Twelve Months 2018
(Dollars in millions) | Previous Standard |  | Change |  | Current Standard |  | Previous Standard |  | Change |  | Current Standard
Additives & Functional Products |  |  |  |  |  |  |  |  |  |  |
Sales | $ | 853 |  |  | $ | (2 | ) |  | $ | 851 |  |  | $ | 3,642 |  |  | $ | 5 |  |  | $ | 3,647 |
EBIT | 87 |  |  | (2 | ) |  | 85 |  |  | 634 |  |  | 5 |  |  | 639 |
Advanced Materials |  |  |  |  |  |  |  |  |  |  |
Sales | 640 |  |  | (16 | ) |  | 624 |  |  | 2,741 |  |  | 14 |  |  | 2,755 |
EBIT | 82 |  |  | (11 | ) |  | 71 |  |  | 506 |  |  | 3 |  |  | 509 |
Chemical Intermediates |  |  |  |  |  |  |  |  |  |  |
Sales | 682 |  |  | 7 |  |  | 689 |  |  | 2,831 |  |  | — |  |  | 2,831 |
EBIT | 41 |  |  | 3 |  |  | 44 |  |  | 312 |  |  | (4 | ) |  | 308 |
Fibers |  |  |  |  |  |  |  |  |  |  |
Sales | 212 |  |  | — |  |  | 212 |  |  | 894 |  |  | 24 |  |  | 918 |
EBIT | 49 |  |  | (2 | ) |  | 47 |  |  | 248 |  |  | 9 |  |  | 257 |
Other |  |  |  |  |  |  |  |  |  |  |
Sales | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
EBIT | (112 | ) |  | — |  |  | (112 | ) |  | (161 | ) |  | — |  |  | (161 | )
| As of December 31, 2018
(Dollars in millions) | Previous Standard |  | Change |  | Current Standard
Trade receivables, net of allowance for doubtful accounts | $ | 968 |  |  | $ | 186 |  |  | $ | 1,154 |
Miscellaneous receivables | 282 |  |  | 47 |  |  | 329 |
Inventories | 1,739 |  |  | (156 | ) |  | 1,583 |
Total current assets | 3,288 |  |  | 77 |  |  | 3,365 |

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109225645&loc=d3e1280-108306 + Details
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