XML 59 R37.htm IDEA: XBRL DOCUMENT v3.10.0.1
COMMITMENTS (Tables)
12 Months Ended
Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]  
Other Commitments [Table Text Block]
Eastman's obligations are summarized in the following table.
(Dollars in millions)
 
  Payments Due for
Period
 
Debt Securities
 
Credit Facilities and Other
 
Interest Payable
 
Purchase Obligations
 
Operating Leases
 
Other Liabilities
 
Total
2019
 
$

 
$
243

 
$
210

 
$
275

 
$
63

 
$
250

 
$
1,041

2020
 
250

 
50

 
194

 
227

 
51

 
79

 
851

2021
 
482

 

 
189

 
136

 
40

 
92

 
939

2022
 
739

 

 
176

 
87

 
29

 
99

 
1,130

2023
 
855

 

 
157

 
77

 
18

 
96

 
1,203

2024 and beyond
 
3,549

 

 
1,553

 
2,046

 
47

 
1,010

 
8,205

Total
 
$
5,875

 
$
293

 
$
2,479

 
$
2,848

 
$
248

 
$
1,626

 
$
13,369


Estimated future payments of debt securities assumes the repayment of principal upon stated maturity, and actual amounts and the timing of such payments may differ materially due to repayment or other changes in the terms of such debt prior to maturity.

Eastman had various purchase obligations at December 31, 2018 totaling approximately $2.8 billion over a period of approximately 30 years for materials, supplies, and energy incident to the ordinary conduct of business. The Company also had various lease commitments for property and equipment under noncancelable operating leases totaling $248 million over a period of approximately 40 years. Of the total lease commitments, approximately 50 percent relate to real property, including office space, storage facilities, and land; approximately 40 percent relate to railcars; and approximately 10 percent relate to machinery and equipment, including computer and communications equipment and production equipment. Rental expense, net of sublease income, was $103 million, $94 million, and $90 million in 2018, 2017, and 2016, respectively.
Amounts in other liabilities represent the current estimated cash payments required to be made by the Company primarily for pension and other postretirement benefits, environmental loss contingency reserves, accrued compensation benefits, uncertain tax liabilities, one-time transition tax on deferred foreign income under the Tax Reform Act, and commodity and foreign exchange hedging in the periods indicated. Due to uncertainties in the timing of the effective settlement of tax positions with respect to taxing authorities, management is unable to determine the timing of payments related to uncertain tax liabilities and these amounts are included in the "2024 and beyond" line item.