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STOCKHOLDERS' EQUITY (Tables) | 12 Months Ended
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Dec. 31, 2020
Stockholders' Equity Note [Abstract] |
Schedule of Reconciliation of the Changes in Stockholders' Equity | A reconciliation of the changes in stockholders' equity for 2020, 2019, and 2018 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, 2017 | $ | 2 |  |  | $ | 1,983 |  |  | $ | 6,802 |  |  | $ | (209) |  |  | $ | (3,175) |  |  | $ | 5,403 |  |  | $ | 77 |  |  | $ | 5,480 |
Cumulative Effect of Adoption of New Accounting Standards (1) | — |  |  | — |  |  | 16 |  |  | — |  |  | — |  |  | 16 |  |  | — |  |  | 16 |
Net Earnings | — |  |  | — |  |  | 1,080 |  |  | — |  |  | — |  |  | 1,080 |  |  | 4 |  |  | 1,084 |
Cash Dividends (2) | — |  |  | — |  |  | (325) |  |  | — |  |  | — |  |  | (325) |  |  | — |  |  | (325) |
Other Comprehensive (Loss) | — |  |  | — |  |  | — |  |  | (36) |  |  | — |  |  | (36) |  |  | — |  |  | (36) |
Share-Based Compensation Expense (3) | — |  |  | 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 |
Net Earnings | — |  |  | — |  |  | 478 |  |  | — |  |  | — |  |  | 478 |  |  | 11 |  |  | 489 |
Cash Dividends (1) | — |  |  | — |  |  | (363) |  |  | — |  |  | — |  |  | (363) |  |  | — |  |  | (363) |
Other Comprehensive Income | — |  |  | — |  |  | — |  |  | (59) |  |  | — |  |  | (59) |  |  | — |  |  | (59) |
Share-Based Compensation Expense (2) | — |  |  | 44 |  |  | — |  |  | — |  |  | — |  |  | 44 |  |  | — |  |  | 44 |
Stock Option Exercises | — |  |  | 36 |  |  | — |  |  | — |  |  | — |  |  | 36 |  |  | — |  |  | 36 |
Other (4) | — |  |  | (11) |  |  | — |  |  | — |  |  | — |  |  | (11) |  |  | 2 |  |  | (9) |
Share Repurchase | — |  |  | — |  |  | — |  |  | — |  |  | (60) |  |  | (60) |  |  | — |  |  | (60) |
Distributions to noncontrolling interest | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (2) |  |  | (2) |
Balance at December 31, 2020 | $ | 2 |  |  | $ | 2,174 |  |  | $ | 8,080 |  |  | $ | (273) |  |  | $ | (3,960) |  |  | $ | 6,023 |  |  | $ | 85 |  |  | $ | 6,108 |
(1)On January 1, 2018, the Company adopted new accounting standards for revenue recognition and derivatives and hedging, which resulted in increases to beginning retained earnings of $53 million and $2 million, respectively. The Company also adopted a new accounting standard for income taxes, which resulted in a decrease to beginning retained earnings of $39 million. (2)Cash dividends includes cash dividends paid and dividends declared, but unpaid. (3)Share-based compensation expense is the fair value of share-based awards (4)Additional paid-in capital includes value of shares withheld for employees' taxes on vesting of share-based compensation awards. (5)On January 1, 2019, Eastman adopted ASU 2018-02 Income Statement - Reporting Comprehensive Income resulting in the reclassification of $20 million of stranded tax expense from AOCI to retained earnings.
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] |
| For years ended December 31,
(In millions, except per share amounts) | 2020 |  | 2019 |  | 2018
Numerator |  |  |  |  |
Net earnings attributable to Eastman | $ | 478 |  |  | $ | 759 |  |  | $ | 1,080 |
Denominator |  |  |  |  |
Weighted average shares used for basic EPS | 135.5 |  |  | 137.4 |  |  | 141.2 |
Dilutive effect of stock options and other award plans | 1.0 |  |  | 1.1 |  |  | 1.7 |
Weighted average shares used for diluted EPS | 136.5 |  |  | 138.5 |  |  | 142.9 |
EPS (1) |  |  |  |  |
Basic | $ | 3.53 |  |  | $ | 5.52 |  |  | $ | 7.65 |
Diluted | $ | 3.50 |  |  | $ | 5.48 |  |  | $ | 7.56 |
(1) EPS is calculated using whole dollars and shares.
Schedule of Shares of Common Stock Issued |
| For years ended December 31,
| 2020 |  | 2019 |  | 2018
Balance at beginning of year | 219,638,646 |  |  | 219,140,523 |  |  | 218,369,992 |
Issued for employee compensation and benefit plans | 1,002,860 |  |  | 498,123 |  |  | 770,531 |
Balance at end of year | 220,641,506 |  |  | 219,638,646 |  |  | 219,140,523 |
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, 2018 | $ | (309) |  |  | $ | 106 |  |  | $ | (41) |  |  | $ | (1) |  |  | $ | (245) |
Period change (1) | 45 |  |  | — |  |  | (14) |  |  | — |  |  | 31 |
Balance at December 31, 2019 | (264) |  |  | 106 |  |  | (55) |  |  | (1) |  |  | (214) |
Period change | (29) |  |  | (19) |  |  | (11) |  |  | — |  |  | (59) |
Balance at December 31, 2020 | $ | (293) |  |  | $ | 87 |  |  | $ | (66) |  |  | $ | (1) |  |  | $ | (273) |
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,
| 2020 |  | 2019 |  | 2018
(Dollars in millions) | Before Tax |  | Net of Tax |  | Before Tax |  | Net of Tax |  | Before Tax |  | Net of Tax
Change in cumulative translation adjustment | $ | (29) |  |  | $ | (29) |  |  | $ | 45 |  |  | $ | 45 |  |  | $ | (13) |  |  | $ | (13) |
Defined benefit pension and other postretirement benefit plans: |  |  |  |  |  |  |  |  |  |  |
Prior service credit arising during the period | 12 |  |  | 9 |  |  | — |  |  | — |  |  | — |  |  | — |
Amortization of unrecognized prior service credits included in net periodic costs | (38) |  |  | (28) |  |  | (39) |  |  | (29) |  |  | (40) |  |  | (30) |
Derivatives and hedging: |  |  |  |  |  |  |  |  |  |  |
Unrealized gain (loss) during period | (46) |  |  | (34) |  |  | (27) |  |  | (20) |  |  | 30 |  |  | 22 |
Reclassification adjustment for (gains) losses included in net income, net | 31 |  |  | 23 |  |  | 20 |  |  | 15 |  |  | (20) |  |  | (15) |
Total other comprehensive income (loss) | $ | (70) |  |  | $ | (59) |  |  | $ | (1) |  |  | $ | 11 |  |  | $ | (43) |  |  | $ | (36) |
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".

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