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CONSOLIDATED STATEMENTS OF EARNINGS, COMPREHENSIVE INCOME AND RETAINED EARNINGS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]      
Sales $ 9,273 $ 10,151 $ 9,549
Cost of sales 7,039 7,672 7,186
Gross profit 2,234 2,479 2,363
Selling, general and administrative expenses 691 721 729
Research and development expenses 234 235 227
Asset impairments and restructuring charges, net 126 45 8
Other components of post-employment (benefit) cost, net 60 (21) (135)
Other (income) charges, net 3 (53) 4
Earnings before interest and taxes 1,120 1,552 1,530
Net interest expense 218 235 241
Early debt extinguishment and other related costs 0 7 0
Earnings before income taxes 902 1,310 1,289
Provision for (benefit from) income taxes 140 226 (99)
Net earnings 762 1,084 1,388
Less: Net earnings attributable to noncontrolling interest 3 4 4
Net earnings attributable to Eastman $ 759 $ 1,080 $ 1,384
Basic earnings per share attributable to Eastman      
Basic earnings per share attributable to Eastman [1] $ 5.52 $ 7.65 $ 9.56
Diluted earnings per share attributable to Eastman      
Diluted earnings per share attributable to Eastman [1] $ 5.48 $ 7.56 $ 9.47
Comprehensive Income      
Net earnings including noncontrolling interest $ 762 $ 1,084 $ 1,388
Other comprehensive income (loss), net of tax:      
Change in cumulative translation adjustment 45 (13) 85
Defined benefit pension and other postretirement benefit plans [Abstract]      
Amortization of unrecognized prior service credits included in net periodic costs (29) (30) (27)
Derivatives and hedging [Abstract]      
Unrealized gain (loss) during period (20) 22 7
Reclassification adjustment for (gains) losses included in net income, net 15 (15) 7
Total other comprehensive income (loss), net of tax 11 (36) 72
Comprehensive income including noncontrolling interest 773 1,048 1,460
Less: Net earnings attributable to noncontrolling interest 3 4 4
Comprehensive income attributable to Eastman 770 1,044 1,456
Retained Earnings      
Retained earnings at beginning of period 7,573 6,802 5,721
Cumulative effect adjustment resulting from adoption of new accounting standards (20) 16 0
Net earnings attributable to Eastman 759 1,080 1,384
Cash dividends declared [2] (347) (325) (303)
Retained earnings at end of period $ 7,965 $ 7,573 $ 6,802
[1]
EPS is calculated using whole dollars and shares.
[2]
Cash dividends includes cash dividends paid and dividends declared, but unpaid.