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UNAUDITED CONSOLIDATED STATEMENTS OF EARNINGS, COMPREHENSIVE INCOME AND RETAINED EARNINGS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Sales $ 2,720 $ 2,122 $ 7,782 $ 6,287
Cost of sales 2,058 1,621 5,841 4,838
Gross profit 662 501 1,941 1,449
Selling, general and administrative expenses 201 165 587 480
Research and development expenses 66 56 187 169
Asset impairments and restructuring charges, net 7 60 29 215
Other components of post-employment (benefit) cost, net (36) (30) (109) (90)
Other (income) charges, net (6) 7 (11) 10
Loss on business held for sale 60 0 555 0
Earnings before interest and taxes 370 243 703 665
Net interest expense 49 52 150 159
Early debt extinguishment costs 0 1 0 1
Earnings before income taxes 321 190 553 505
Provision for income taxes (33) 25 66 50
Net earnings 354 165 487 455
Less: Net earnings attributable to noncontrolling interest 3 4 8 9
Net earnings attributable to Eastman $ 351 $ 161 $ 479 $ 446
Earnings Per Share, Basic [Abstract]        
Basic earnings per share attributable to Eastman $ 2.60 $ 1.19 $ 3.53 $ 3.29
Diluted earnings per share attributable to Eastman        
Diluted earnings per share attributable to Eastman $ 2.57 $ 1.18 $ 3.49 $ 3.27
Comprehensive Income        
Net earnings including noncontrolling interest $ 354 $ 165 $ 487 $ 455
Other comprehensive income (loss), net of tax:        
Change in cumulative translation adjustment 2 (20) 13 (15)
Defined benefit pension and other postretirement benefit plans:        
Amortization of unrecognized prior service credits (7) (7) (21) (21)
Derivatives and hedging:        
Unrealized gain (loss) during period 57 (13) 86 (9)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax (4) 6 10 16
Total other comprehensive income (loss), net of tax 48 (34) 88 (29)
Comprehensive income including noncontrolling interest 402 131 575 426
Less: Net earnings attributable to noncontrolling interest 3 4 8 9
Comprehensive income (loss) attributable to Eastman 399 127 567 417
Retained Earnings        
Retained earnings at beginning of period 8,020 8,071 8,080 7,965
Net earnings attributable to Eastman 351 161 479 446
Cash dividends declared (93) [1] (90) [1] (281) [2] (269) [2]
Retained earnings at end of period $ 8,278 $ 8,142 $ 8,278 $ 8,142
[1] Cash dividends declared consists of cash dividends paid and dividends declared but unpaid.
[2] Cash dividends declared consists of cash dividends paid and dividends declared but unpaid.