STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2019

Stockholders' Equity Note [Abstract]

Schedule of Reconciliation of the Changes in Stockholders' Equity

A reconciliation of the changes in stockholders' equity for 2019, 2018, and 2017 is provided below:



(Dollars in millions)	Common Stock at Par Value		Additional Paid-in Capital			Retained Earnings			Accumulated Other Comprehensive Income (Loss)			Treasury Stock at Cost			Total Eastman Stockholders' Equity			Noncontrolling Interest			Total Equity
Balance at December 31, 2016	$	2	$	1,915		$	5,721		$	(281	)	$	(2,825	)	$	4,532		$	76		$	4,608
Net Earnings	—		—			1,384			—			—			1,384			4			1,388
Cash Dividends ⁽¹⁾	—		—			(303		)	—			—			(303		)	—			(303		)
Other Comprehensive Income	—		—			—			72			—			72			—			72
Share-Based Compensation Expense ⁽²⁾	—		52			—			—			—			52			—			52
Stock Option Exercises	—		22			—			—			—			22			—			22
Other	—		(6		)	—			—			—			(6		)	1			(5		)
Share Repurchase	—		—			—			—			(350		)	(350		)	—			(350		)
Distributions to noncontrolling interest	—		—			—			—			—			—			(4		)	(4		)
Balance at December 31, 2017	$	2	$	1,983		$	6,802		$	(209	)	$	(3,175	)	$	5,403		$	77		$	5,480
Cumulative Effect of Adoption of New Accounting Standards ⁽³⁾	—		—			16			—			—			16			—			16
Net Earnings	—		—			1,080			—			—			1,080			4			1,084
Cash Dividends ⁽¹⁾	—		—			(325		)	—			—			(325		)	—			(325		)
Other Comprehensive (Loss)	—		—			—			(36		)	—			(36		)	—			(36		)
Share-Based Compensation Expense ⁽²⁾	—		64			—			—			—			64			—			64
Stock Option Exercises	—		18			—			—			—			18			—			18
Other ⁽⁴⁾	—		(17		)	—			—			—			(17		)	(1		)	(18		)
Share Repurchase	—		—			—			—			(400		)	(400		)	—			(400		)
Distributions to noncontrolling interest	—		—			—			—			—			—			(5		)	(5		)
Balance at December 31, 2018	$	2	$	2,048		$	7,573		$	(245	)	$	(3,575	)	$	5,803		$	75		$	5,878
Cumulative Effect of Adoption of New Accounting Standards ⁽⁵⁾	—		—			(20		)	20			—			—			—			—
Net Earnings	—		—			759			—			—			759			3			762
Cash Dividends ⁽¹⁾	—		—			(347		)	—			—			(347		)	—			(347		)
Other Comprehensive Income	—		—			—			11			—			11			—			11
Share-Based Compensation Expense ⁽²⁾	—		59			—			—			—			59			—			59
Stock Option Exercises	—		9			—			—			—			9			—			9
Other ⁽⁴⁾	—		(11		)	—			—			—			(11		)	—			(11		)
Share Repurchase	—		—			—			—			(325		)	(325		)	—			(325		)
Distributions to noncontrolling interest	—		—			—			—			—			—			(4		)	(4		)
Balance at December 31, 2019	$	2	$	2,105		$	7,965		$	(214	)	$	(3,900	)	$	5,958		$	74		$	6,032


⁽¹⁾	Cash dividends includes cash dividends paid and dividends declared, but unpaid.

⁽²⁾

Share-based compensation expense is the fair value of share-based awards.

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]



	For years ended December 31,
(In millions, except per share amounts)	2019		2018		2017
Numerator
Net earnings attributable to Eastman	$	759	$	1,080	$	1,384

Denominator
Weighted average shares used for basic EPS	137.4		141.2		144.8
Dilutive effect of stock options and other award plans	1.1		1.7		1.3
Weighted average shares used for diluted EPS	138.5		142.9		146.1

EPS⁽¹⁾
Basic	$	5.52	$	7.65	$	9.56
Diluted	$	5.48	$	7.56	$	9.47

⁽¹⁾

EPS is calculated using whole dollars and shares.

Schedule of Shares of Common Stock Issued



	For years ended December 31,
	2019	2018	2017

Balance at beginning of year	219,140,523	218,369,992	217,707,600
Issued for employee compensation and benefit plans	498,123	770,531	662,392
Balance at end of year	219,638,646	219,140,523	218,369,992

Schedule of Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)



(Dollars in millions)	Cumulative Translation Adjustment			Benefit Plans Unrecognized Prior Service Credits			Unrealized Gains (Losses) on Cash Flow Hedges			Unrealized Losses on Investments			Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2017	$	(296	)	$	136		$	(48	)	$	(1	)	$	(209	)
Period change	(13		)	(30		)	7			—			(36		)
Balance at December 31, 2018	(309		)	106			(41		)	(1		)	(245		)
Period change ⁽¹⁾	45			—			(14		)	—			31
Balance at December 31, 2019	$	(264	)	$	106		$	(55	)	$	(1	)	$	(214	)

Schedule of Components of Comprehensive Income (Loss) Before Tax and Net of Tax Effects

Components of total other comprehensive income (loss) recorded in the Consolidated Statements of Earnings, Comprehensive Income and Retained Earnings are presented below, before tax and net of tax effects:



	For years ended December 31,
	2019						2018						2017
(Dollars in millions)	Before Tax			Net of Tax			Before Tax			Net of Tax			Before Tax			Net of Tax
Change in cumulative translation adjustment	$	45		$	45		$	(13	)	$	(13	)	$	85		$	85
Defined benefit pension and other postretirement benefit plans:
Amortization of unrecognized prior service credits included in net periodic costs	(39		)	(29		)	(40		)	(30		)	(43		)	(27		)
Derivatives and hedging:
Unrealized gain (loss) during period	(27		)	(20		)	30			22			11			7
Reclassification adjustment for (gains) losses included in net income, net	20			15			(20		)	(15		)	11			7
Total other comprehensive income (loss)	$	(1	)	$	11		$	(43	)	$	(36	)	$	64		$	72

For additional information regarding the impact of reclassifications into earnings, refer to Note 9, "Derivative and Non-Derivative Financial Instruments", and Note 10, "Retirement Plans".