XML 34 R17.htm IDEA: XBRL DOCUMENT
v3.21.2

EARNINGS AND DIVIDENDS PER SHARE | 9 Months Ended
--- | ---
Sep. 30, 2021
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) | 2021 |  | 2020 |  | 2021 |  | 2020
Numerator |  |  |  |  |  |  |
Earnings attributable to Eastman, net of tax | $ | 351 |  |  | $ | 161 |  |  | $ | 479 |  |  | $ | 446 |
Denominator |  |  |  |  |  |  |
Weighted average shares used for basic EPS | 135.3 |  | 135.3 |  | 135.8 |  | 135.5
Dilutive effect of stock options and other awards | 1.7 |  | 1.0 |  | 1.8 |  | 0.9
Weighted average shares used for diluted EPS | 137.0 |  | 136.3 |  | 137.6 |  | 136.4
(Calculated using whole dollars and shares) |  |  |  |  |  |  |
EPS |  |  |  |  |  |  |
Basic | $ | 2.60 |  |  | $ | 1.19 |  |  | $ | 3.53 |  |  | $ | 3.29 |
Diluted | $ | 2.57 |  |  | $ | 1.18 |  |  | $ | 3.49 |  |  | $ | 3.27 |
Shares underlying stock options excluded from third quarter 2021 and 2020 calculations of diluted EPS were 327,782 and 2,247,621, 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 2021 reflects share repurchases of 1,354,737. There were no share repurchases in third quarter 2020. Shares underlying stock options excluded from first nine months 2021 and 2020 calculations of diluted EPS were 150,781 and 2,809,028, 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 2021 and 2020 reflect share repurchases of 2,543,112 and 1,134,052, respectively. The Company declared cash dividends of $0.69 and $0.66 per share for third quarter 2021 and 2020, respectively, and $2.07 and $1.98 per share for first nine months 2021 and 2020, respectively.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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=125511455&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=124432515&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=125512782&loc=d3e4984-109258 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareDilutedByCommonClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration