XML 18 R3.htm IDEA: XBRL DOCUMENT v3.20.2
UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 704 $ 204
Trade receivables, net of allowance for doubtful accounts 904 980
Miscellaneous receivables 422 395
Inventories 1,419 1,662
Other current assets 77 80
Total current assets 3,526 3,321
Properties    
Properties and equipment at cost 13,175 12,904
Less: Accumulated depreciation 7,697 7,333
Net properties 5,478 5,571
Goodwill 4,425 4,431
Intangible assets, net of accumulated amortization 1,817 2,011
Other noncurrent assets 727 674
Total assets [1] 15,973 16,008
Current liabilities    
Payables and other current liabilities 1,176 1,618
Borrowings due within one year 702 171
Total current liabilities 1,878 1,789
Long-term borrowings 5,431 5,611
Deferred income tax liabilities 932 915
Post-employment obligations 951 1,016
Other long-term liabilities 683 645
Total liabilities 9,875 9,976
Stockholders' equity    
Common stock ($0.01 par value – 350,000,000 shares authorized; shares issued – 220,129,408 and 219,638,646 for 2020 and 2019, respectively) 2 2
Additional paid-in capital 2,117 2,105
Retained earnings 8,071 7,965
Accumulated other comprehensive income (loss) (209) (214)
 Stockholder's Equity before Treasury Stock 9,981 9,858
Less: Treasury stock at cost (84,830,450 shares for 2020 and 83,696,398 shares for 2019) 3,960 3,900
Total Eastman stockholders' equity 6,021 5,958
Noncontrolling interest 77 74
Total equity 6,098 6,032
Total liabilities and stockholders' equity $ 15,973 $ 16,008
[1] Segment assets include accounts receivable, inventory, fixed assets, goodwill, and intangible assets.