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EARNINGS AND DIVIDENDS PER SHARE | 9 Months Ended
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Sep. 30, 2020
Earnings Per Share [Abstract] |
EARNINGS AND DIVIDENDS PER SHARE | EARNINGS AND DIVIDENDS PER SHARE The following table sets forth the computation of basic and diluted earnings per share ("EPS") which are calculated using the treasury stock method:
| Third Quarter |  | First Nine Months
(In millions, except per share amounts) | 2020 |  | 2019 |  | 2020 |  | 2019
Numerator |  |  |  |  |  |  |
Earnings attributable to Eastman, net of tax | $ | 161 |  |  | $ | 266 |  |  | $ | 446 |  |  | $ | 733 |
Denominator |  |  |  |  |  |  |
Weighted average shares used for basic EPS | 135.3 |  | 136.8 |  | 135.5 |  | 137.9
Dilutive effect of stock options and other awards | 1.0 |  | 1.0 |  | 0.9 |  | 1.0
Weighted average shares used for diluted EPS | 136.3 |  | 137.8 |  | 136.4 |  | 138.9
(Calculated using whole dollars and shares) |  |  |  |  |  |  |
EPS |  |  |  |  |  |  |
Basic | $ | 1.19 |  |  | $ | 1.95 |  |  | $ | 3.29 |  |  | $ | 5.31 |
Diluted | $ | 1.18 |  |  | $ | 1.93 |  |  | $ | 3.27 |  |  | $ | 5.27 |
Shares underlying stock options excluded from third quarter 2020 and 2019 calculations of diluted EPS were 2,247,621 and 2,620,529, respectively, because the grant date exercise price of these options was greater than the average market price of the Company's common stock and the effect of including them in the calculation of diluted EPS would have been antidilutive. Third quarter 2019 reflects share repurchases of 1,032,623. There were no shares repurchased in third quarter 2020. Shares underlying stock options excluded from first nine months 2020 and 2019 calculations of diluted EPS were 2,809,028 and 2,219,514, respectively, because the grant date exercise price of these options was greater than the average market price of the Company's common stock and the effect of including them in the calculation of diluted EPS would have been antidilutive. First nine months 2020 and 2019 reflects share repurchases of 1,134,052 and 4,282,409, respectively. The Company declared cash dividends of $0.66 and $0.62 per share for third quarter 2020 and 2019, respectively, and $1.98 and $1.86 per share for first nine months 2020 and 2019, respectively.

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- Definition Tabular disclosure of the effect of income (loss) on an entity's diluted earnings per share. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=121326447&loc=d3e1278-109256 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=120380238&loc=d3e4984-109258 + Details
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