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UNAUDITED CONSOLIDATED STATEMENTS OF EARNINGS, COMPREHENSIVE INCOME AND RETAINED EARNINGS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Sales $ 2,325 $ 2,547 $ 7,068 $ 7,775
Cost of sales 1,751 1,819 5,331 5,762
Gross profit 574 728 1,737 2,013
Selling, general and administrative expenses 163 175 515 554
Research and development expenses 59 60 174 176
Asset impairments and restructuring charges, net 2 0 52 6
Other components of post-employment (benefit) cost, net (20) (30) (62) (90)
Other (income) charges, net 3 6 0 (50)
Earnings before interest and taxes 367 517 1,058 1,417
Net interest expense 54 58 165 178
Earnings before income taxes 313 459 893 1,239
Provision for income taxes 46 46 158 190
Net earnings 267 413 735 1,049
Less: Net earnings attributable to noncontrolling interest 1 1 2 3
Net earnings attributable to Eastman $ 266 $ 412 $ 733 $ 1,046
Basic earnings per share attributable to Eastman        
Basic earnings per share attributable to Eastman $ 1.95 $ 2.93 $ 5.31 $ 7.38
Diluted earnings per share attributable to Eastman        
Diluted earnings per share attributable to Eastman $ 1.93 $ 2.89 $ 5.27 $ 7.28
Comprehensive Income        
Net earnings including noncontrolling interest $ 267 $ 413 $ 735 $ 1,049
Other comprehensive income (loss), net of tax:        
Change in cumulative translation adjustment 23 (21) 40 (28)
Defined benefit pension and other postretirement benefit plans:        
Amortization of unrecognized prior service credits (7) (7) (22) (22)
Derivatives and hedging:        
Unrealized gain (loss) during period 10 37 (2) 78
Reclassification adjustment for (gains) losses included in net income, net 6 (10) 6 (13)
Total other comprehensive income (loss), net of tax 32 (1) 22 15
Comprehensive income including noncontrolling interest 299 412 757 1,064
Less: Net earnings attributable to noncontrolling interest 1 1 2 3
Comprehensive income attributable to Eastman 298 411 755 1,061
Retained Earnings        
Retained earnings at beginning of period 7,848 7,292 7,573 6,802
Cumulative effect adjustment resulting from adoption of new accounting standards 0 0 (20) 16
Net earnings attributable to Eastman 266 412 733 1,046
Cash dividends declared [1] (85) (78) (257) (238)
Retained earnings at end of period $ 8,029 $ 7,626 $ 8,029 $ 7,626
[1]
Cash dividends declared consists of cash dividends paid and dividends declared but unpaid.