XML 88 R66.htm IDEA: XBRL DOCUMENT v3.10.0.1
STOCKHOLDERS' EQUITY (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Feb. 01, 2018
Jan. 31, 2018
Dec. 31, 2015
Feb. 01, 2014
All Classes Of Equity Shares Authorized For Issue 400,000,000               400,000,000            
Preferred Stock, Shares Authorized 50,000,000               50,000,000            
Preferred Stock, Par or Stated Value Per Share $ 0.01               $ 0.01            
Common Stock, Shares Authorized 350,000,000       350,000,000       350,000,000 350,000,000          
Common Stock, Par or Stated Value Per Share $ 0.01       $ 0.01       $ 0.01 $ 0.01          
Cash dividends declared (per share)                 $ 2.30 $ 2.09 $ 1.89        
Class of Warrant or Right, Outstanding 6,000,000               6,000,000            
Stock Repurchases                 $ (400) $ (350) $ (145)        
Treasury stock held by the Companys charitable foundation in shares 50,798       50,798       50,798 50,798          
Treasury Stock, Shares, Acquired                 3,959,878 4,184,637 2,131,501        
Stockholders' Equity [Roll Forward]                              
Beginning Balance       $ 5,403         $ 5,403            
Cumulative Effect of New Accounting Principle in Period of Adoption [1]                         $ 16    
Net Earnings $ 34 $ 412 $ 344 290 $ 491 $ 323 $ 292 $ 278 1,080 $ 1,384 $ 854        
Income attributable to noncontrolling interest                 4 4 5        
Net earnings including noncontrolling interest                 1,084 1,388 859        
Cash dividends declared [2]                 (325) (303) (279)        
Other Comprehensive Income (Loss)                 (36) 72 109        
Share-Based Compensation Expense [3]                 64 52 35        
Stock Option Exercises                 18 22 21        
Stockholders' Equity, Other                 (18) [4] (5) (5)        
Stock Repurchases                 (400) (350) (145)        
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders                 (5) (4) (8)        
Ending Balance 5,803       5,403       5,803 5,403          
Total equity 5,878       5,480       5,878 5,480 4,608     $ 4,021  
Earnings Per Share, Basic and Diluted [Abstract]                              
Net earnings attributable to Eastman $ 34 $ 412 $ 344 $ 290 $ 491 $ 323 $ 292 $ 278 $ 1,080 $ 1,384 $ 854        
Shares used for earnings per share calculation, Basic (in shares)                 141,200,000 144,800,000 147,300,000        
Weighted Average Number Diluted Shares Outstanding Adjustment                 1,700,000 1,300,000 1,100,000        
Shares used for earnings per share calculation, Diluted (in shares)                 142,900,000 146,100,000 148,400,000        
Basic earnings per share attributable to Eastman $ 0.25 [5] $ 2.93 [5] $ 2.42 [5] $ 2.03 [5] $ 3.42 [5] $ 2.24 [5] $ 2.01 [5] $ 1.90 [5] $ 7.65 [6] $ 9.56 [6] $ 5.80 [6]        
Diluted earnings per share attributable to Eastman $ 0.24 [5] $ 2.89 [5] $ 2.39 [5] $ 2.00 [5] $ 3.39 [5] $ 2.22 [5] $ 2.00 [5] $ 1.89 [5] $ 7.56 [6] $ 9.47 [6] $ 5.75 [6]        
Underlying options excluded from the computation of diluted earnings per share (in shares)                 619,706 204,978 1,072,468        
Shares of common stock issued [Abstract]                              
Balance, beginning of period (in shares)       218,369,992       217,707,600 218,369,992 217,707,600 216,899,964        
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures                 770,531 662,392 807,636        
Balance, ending of period (in shares) 219,140,523       218,369,992       219,140,523 218,369,992 217,707,600        
Accumulated Other Comprehensive Income Loss Net Of Tax Abstract                              
Cumulative Translation Adjustment $ (309)       $ (296)       $ (309) $ (296) $ (381)        
Unrecognized Prior Service Credits for Benefit Plans 106       136       106 136 163        
Unrealized Gains (Losses) on Derivative Instruments (41)       (48)       (41) (48) (62)        
Unrealized Losses on Investments (1)       (1)       (1) (1) (1)        
Accumulated other comprehensive loss (245)       (209)       (245) (209) (281)        
Cumulative Translation Adjustment                 (13) 85 (97)        
Change in defined benefit pension and other postretirement benefit plans                 (30) (27) 34        
Unrealized Gains (Losses) on Derivative Instruments                 7 14 172        
Unrealized Losses on Investments                 0 0          
Accumulated Other Comprehensive Income (Loss)                 (36) 72 109        
Other Comprehensive Income (Loss), Net of Tax [Abstract]                              
Cumulative Translation Adjustment                 (13) 85 (97)        
Prior service credit arising during the period                 0 0 64        
Amortization of unrecognized prior service credits included in net periodic costs                 (30) (27) (30)        
Change in defined benefit pension and other postretirement benefit plans                 (30) (27) 34        
Unrealized gain (loss) during period                 22 7 93        
Reclassification adjustment for losses included in net income, net                 (15) 7 79        
Unrealized Gains (Losses) on Derivative Instruments                 7 14 172        
Accumulated Other Comprehensive Income (Loss)                 (36) 72 109        
Other Comprehensive Income (Loss), before Tax [Abstract]                              
Change in cumulative translation adjustment                 (13) 85 (97)        
Prior service credits arising during the period                 0 0 103        
Amortization of unrecognized prior service credits included in net periodic costs                 (40) (43) (48)        
Change in defined benefit pension and other postretirement benefit plans                 (40) (43) 55        
Unrealized gain (loss)                 30 11 150        
Reclassification adjustment for loss included in net income                 (20) 11 127        
Change in derivatives and hedging                 10 22 277        
Total other comprehensive income (loss)                 (43) 64 235        
Common Stock [Member]                              
Stock Repurchases                 0 0 0        
Stockholders' Equity [Roll Forward]                              
Beginning Balance       $ 2       $ 2 2 2 2        
Cumulative Effect of New Accounting Principle in Period of Adoption [1]                         0    
Net Earnings                 0 0 0        
Cash dividends declared [2]                 0 0 0        
Other Comprehensive Income (Loss)                 0 0 0        
Share-Based Compensation Expense [3]                 0 0 0        
Stock Option Exercises                 0 0 0        
Stockholders' Equity, Other                 0 [4] 0 0        
Stock Repurchases                 0 0 0        
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders                 0 0 0        
Ending Balance 2       2       2 2 2        
Earnings Per Share, Basic and Diluted [Abstract]                              
Net earnings attributable to Eastman                 0 0 0        
Accumulated Other Comprehensive Income Loss Net Of Tax Abstract                              
Accumulated Other Comprehensive Income (Loss)                 0 0 0        
Other Comprehensive Income (Loss), Net of Tax [Abstract]                              
Accumulated Other Comprehensive Income (Loss)                 0 0 0        
Additional Paid In Capital [Member]                              
Stock Repurchases                 0 0 0        
Stockholders' Equity [Roll Forward]                              
Beginning Balance       1,983       1,915 1,983 1,915 1,863        
Cumulative Effect of New Accounting Principle in Period of Adoption [1]                         0    
Net Earnings                 0 0 0        
Cash dividends declared [2]                 0 0 0        
Other Comprehensive Income (Loss)                 0 0 0        
Share-Based Compensation Expense [3]                 64 52 35        
Stock Option Exercises                 18 22 21        
Stockholders' Equity, Other                 (17) [4] (6) (4)        
Stock Repurchases                 0 0 0        
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders                 0 0 0        
Ending Balance 2,048       1,983       2,048 1,983 1,915        
Earnings Per Share, Basic and Diluted [Abstract]                              
Net earnings attributable to Eastman                 0 0 0        
Accumulated Other Comprehensive Income Loss Net Of Tax Abstract                              
Accumulated Other Comprehensive Income (Loss)                 0 0 0        
Other Comprehensive Income (Loss), Net of Tax [Abstract]                              
Accumulated Other Comprehensive Income (Loss)                 0 0 0        
Retained Earnings [Member]                              
Stock Repurchases                 0 0 0        
Stockholders' Equity [Roll Forward]                              
Beginning Balance       6,802       5,721 6,802 5,721 5,146        
Cumulative Effect of New Accounting Principle in Period of Adoption [1]                         16    
Net Earnings                 1,080 1,384 854        
Cash dividends declared [2]                 (325) (303) (279)        
Other Comprehensive Income (Loss)                 0 0 0        
Share-Based Compensation Expense [3]                 0 0 0        
Stock Option Exercises                 0 0 0        
Stockholders' Equity, Other                 0 [4] 0 0        
Stock Repurchases                 0 0 0        
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders                 0 0 0        
Ending Balance 7,573       6,802       7,573 6,802 5,721        
Earnings Per Share, Basic and Diluted [Abstract]                              
Net earnings attributable to Eastman                 1,080 1,384 854        
Accumulated Other Comprehensive Income Loss Net Of Tax Abstract                              
Accumulated Other Comprehensive Income (Loss)                 0 0 0        
Other Comprehensive Income (Loss), Net of Tax [Abstract]                              
Accumulated Other Comprehensive Income (Loss)                 0 0 0        
Accumulated Other Comprehensive Income [Member]                              
Stock Repurchases                 0 0 0        
Stockholders' Equity [Roll Forward]                              
Beginning Balance       (209)       (281) (209) (281) (390)        
Cumulative Effect of New Accounting Principle in Period of Adoption [1]                         0    
Net Earnings                 0 0 0        
Cash dividends declared [2]                 0 0 0        
Other Comprehensive Income (Loss)                 (36) 72 109        
Share-Based Compensation Expense [3]                 0 0 0        
Stock Option Exercises                 0 0 0        
Stockholders' Equity, Other                 0 [4] 0 0        
Stock Repurchases                 0 0 0        
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders                 0 0 0        
Ending Balance (245)       (209)       (245) (209) (281)        
Earnings Per Share, Basic and Diluted [Abstract]                              
Net earnings attributable to Eastman                 0 0 0        
Accumulated Other Comprehensive Income Loss Net Of Tax Abstract                              
Accumulated Other Comprehensive Income (Loss)                 (36) 72 109        
Other Comprehensive Income (Loss), Net of Tax [Abstract]                              
Accumulated Other Comprehensive Income (Loss)                 (36) 72 109        
Treasury Stock [Member]                              
Stock Repurchases                 (400) (350) (145)        
Stockholders' Equity [Roll Forward]                              
Beginning Balance       (3,175)       (2,825) (3,175) (2,825) (2,680)        
Cumulative Effect of New Accounting Principle in Period of Adoption [1]                         0    
Net Earnings                 0 0 0        
Cash dividends declared [2]                 0 0 0        
Other Comprehensive Income (Loss)                 0 0 0        
Share-Based Compensation Expense [3]                 0 0 0        
Stock Option Exercises                 0 0 0        
Stockholders' Equity, Other                 0 [4] 0 0        
Stock Repurchases                 (400) (350) (145)        
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders                 0 0 0        
Ending Balance (3,575)       (3,175)       (3,575) (3,175) (2,825)        
Earnings Per Share, Basic and Diluted [Abstract]                              
Net earnings attributable to Eastman                 0 0 0        
Accumulated Other Comprehensive Income Loss Net Of Tax Abstract                              
Accumulated Other Comprehensive Income (Loss)                 0 0 0        
Other Comprehensive Income (Loss), Net of Tax [Abstract]                              
Accumulated Other Comprehensive Income (Loss)                 0 0 0        
Eastman's Stockholders' Equity [Member]                              
Stock Repurchases                 (400) (350) (145)        
Stockholders' Equity [Roll Forward]                              
Beginning Balance       5,403       4,532 5,403 4,532 3,941        
Cumulative Effect of New Accounting Principle in Period of Adoption [1]                         16    
Net Earnings                 1,080 1,384 854        
Cash dividends declared [2]                 (325) (303) (279)        
Other Comprehensive Income (Loss)                 (36) 72 109        
Share-Based Compensation Expense [3]                 64 52 35        
Stock Option Exercises                 18 22 21        
Stockholders' Equity, Other                 (17) [4] (6) (4)        
Stock Repurchases                 (400) (350) (145)        
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders                 0 0 0        
Ending Balance 5,803       5,403       5,803 5,403 4,532        
Earnings Per Share, Basic and Diluted [Abstract]                              
Net earnings attributable to Eastman                 1,080 1,384 854        
Accumulated Other Comprehensive Income Loss Net Of Tax Abstract                              
Accumulated Other Comprehensive Income (Loss)                 (36) 72 109        
Other Comprehensive Income (Loss), Net of Tax [Abstract]                              
Accumulated Other Comprehensive Income (Loss)                 (36) 72 109        
Noncontrolling Interest [Member]                              
Stock Repurchases                 0 0 0        
Stockholders' Equity [Roll Forward]                              
Beginning Balance       $ 77       $ 76 77 76 80        
Cumulative Effect of New Accounting Principle in Period of Adoption [1]                         $ 0    
Income attributable to noncontrolling interest                 4 4 5        
Cash dividends declared [2]                 0 0 0        
Other Comprehensive Income (Loss)                 0 0 0        
Share-Based Compensation Expense [3]                 0 0 0        
Stock Option Exercises                 0 0 0        
Stockholders' Equity, Other                 (1) [4] 1 (1)        
Stock Repurchases                 0 0 0        
Noncontrolling Interest, Decrease from Distributions to Noncontrolling Interest Holders                 (5) (4) (8)        
Ending Balance $ 75       $ 77       75 77 76        
Accumulated Other Comprehensive Income Loss Net Of Tax Abstract                              
Accumulated Other Comprehensive Income (Loss)                 0 0 0        
Other Comprehensive Income (Loss), Net of Tax [Abstract]                              
Accumulated Other Comprehensive Income (Loss)                 $ 0 $ 0 $ 0        
2014 Repurchase Program [Member]                              
Stock Repurchase Program, Authorized Amount                             $ 1,000
Stock Repurchase Program, Number of Shares Authorized to be Repurchased 12,215,950               12,215,950            
2018 Repurchase Program [Member]                              
Stock Repurchase Program, Authorized Amount                       $ 2,000      
Stock Repurchase Program, Number of Shares Authorized to be Repurchased 2,470,755               2,470,755            
Stock Repurchase Program, Amount Repurchased to Date $ 248               $ 248            
[1] On January 1, 2018, the Company adopted new accounting standards for revenue recognition, income taxes, and derivatives and hedging, which resulted in adjustments to beginning retained earnings. See Note 1, "Significant Accounting Policies", for specific amounts related to each standard.
[2] Cash dividends includes cash dividends paid and dividends declared, but unpaid.
[3] Share-based compensation expense is the fair value of share-based awards.
[4] Additional paid-in capital includes value of shares withheld for employees' taxes on vesting of share-based compensation awards.
[5] Each quarter is calculated as a discrete period; the sum of the four quarters may not equal the calculated full year amount.
[6] Earnings per share are calculated using whole dollars and shares.