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LEASES AND OTHER COMMITMENTS (Tables)

6 Months Ended

Jun. 30, 2020

Commitments and Contingencies Disclosure [Abstract]

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

As of June 30, 2020, reconciliation of lease payments and operating lease liabilities is provided below:

(Dollars in millions)						Operating lease liabilities
Remainder of 2020						$	33
2021						55
2022						41
2023						27
2024						15
2025 and beyond						32
Total lease payments						203
Less: amounts of lease payments representing interest						20
Present value of future lease payments						183
Less: current obligations under leases						29
Long-term lease obligations						$	154

Lease, Cost [Table Text Block]

Lease costs during the period and other information is provided below:

						Second Quarter																		First Six Months
(Dollars in millions)									2020						2019						2020						2019
Lease costs:
			Operating lease costs			$	18					$	17					$	37					$	32
			Short-term lease costs			10						9						19						20
			Sublease income			(1)						(1)						(2)						(1)
			Total			$	27					$	25					$	54					$	51
Other operating lease information:
			Cash paid for amounts included in the measurement of lease liabilities			$	18					$	18					$	36					$	35
			Right-to-use assets obtained in exchange for new lease liabilities			$	14					$	10					$	30					$	21
			Weighted-average remaining lease term, in years															5						6
			Weighted-average discount rate															3.9		%				4.2		%

Other Commitments

Eastman's obligations are summarized in the following table.

(Dollars in millions)						Payments Due for
Period						Debt Securities						Credit Facilities and Other						Interest Payable						Purchase Obligations						Operating Leases						Other Liabilities						Total
Remainder of 2020						$	—					$	517					$	97					$	95					$	33					$	127					$	869
2021						483						—						187						153						55						70						948
2022						742						—						175						101						41						80						1,139
2023						839						—						155						90						27						85						1,196
2024						241						—						136						94						15						98						584
2025 and beyond						3,311						—						1,414						1,958						32						1,112						7,827
Total						$	5,616					$	517					$	2,164					$	2,491					$	203					$	1,572					$	12,563

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- References

No definition available.

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- Definition

Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980

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- Definition

Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 842
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980

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Tabular disclosure of information about obligations resulting from other commitments.

+ References

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