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LEASES AND OTHER COMMITMENTS (Tables)

9 Months Ended

Sep. 30, 2020

Commitments and Contingencies Disclosure [Abstract]

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

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

(Dollars in millions)						Operating lease liabilities
Remainder of 2020						$	17
2021						56
2022						42
2023						29
2024						16
2025 and beyond						35
Total lease payments						195
Less: amounts of lease payments representing interest						18
Present value of future lease payments						177
Less: current obligations under leases						54
Long-term lease obligations						$	123

Lease, Cost [Table Text Block]

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

						Third Quarter												First Nine Months
(Dollars in millions)						2020						2019						2020						2019
Lease costs:
			Operating lease costs			$	18					$	17					$	55					$	49
			Short-term lease costs			9						10						28						30
			Sublease income			(1)						—						(3)						(1)
			Total			$	26					$	27					$	80					$	78
Other operating lease information:
			Cash paid for amounts included in the measurement of lease liabilities			$	17					$	17					$	53					$	52
			Right-to-use assets obtained in exchange for new lease liabilities			$	10					$	15					$	40					$	36
			Weighted-average remaining lease term, in years															5						5
			Weighted-average discount rate															3.8		%				4.1		%

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						$	—					$	185					$	52					$	57					$	17					$	129					$	440
2021						483						—						184						165						56						81						969
2022						743						—						174						103						42						88						1,150
2023						876						—						155						91						29						87						1,238
2024						241						—						135						94						16						100						586
2025 and beyond						3,337						—						1,407						1,959						35						1,139						7,877
Total						$	5,680					$	185					$	2,107					$	2,469					$	195					$	1,624					$	12,260

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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=121609121&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=121609121&loc=SL77918701-209980

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Tabular disclosure of information about obligations resulting from other commitments.

+ References

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