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REVENUE RECOGNITION (Tables)
 12 Months Ended
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