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LEASES AND OTHER COMMITMENTS LEASES AND OTHER COMMITMENTS (Tables) | 12 Months Ended
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Dec. 31, 2021
Leases [Abstract] |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | As of December 31, 2021, maturities of operating lease liabilities is provided below:
(Dollars in millions) |  | Operating lease liabilities
2022 |  | $ | 55 |
2023 |  | 44 |
2024 |  | 31 |
2025 |  | 24 |
2026 |  | 18 |
2027 and beyond |  | 53 |
Total lease payments | 225 |
Less: amounts of lease payments representing interest |  | 18 |
Present value of future lease payments | 207 |
Less: current obligations under leases |  | 50 |
Long-term lease obligations |  | $ | 157 |
As of December 31, 2020, maturities of operating lease liabilities is provided below:
(Dollars in millions) |  | Operating lease liabilities
2021 |  | $ | 60 |
2022 |  | 44 |
2023 |  | 31 |
2024 |  | 18 |
2025 |  | 12 |
2026 and beyond |  | 28 |
Total lease payments |  | 193 |
Less: amounts of lease payments representing interest |  | 14 |
Present value of future lease payments |  | 179 |
Less: current obligations under leases |  | 56 |
Long-term lease obligations |  | $ | 123 |
The Company has operating leases, primarily leases for railcars, with terms that require the Company to guarantee a portion of the residual value of the leased assets upon termination of the lease that will expire beginning second quarter 2022. Residual guarantee payments that become probable and estimable are recognized as rent expense over the remaining life of the applicable lease. Management's current expectation is that the likelihood of material residual guarantee payments is remote.
Lease, Cost [Table Text Block] |
(Dollars in millions) | 2021 |  | 2020
Lease costs: |  |  |
| Operating lease costs | $ | 71 |  | $ | 73
| Short-term lease costs | 40 |  | 37
| Sublease income | (4) |  | (4)
| Total | $ | 107 |  | $ | 106
Other operating lease information: |  |  |
| Cash paid for amounts included in the measurement of lease liabilities | $ | 69 |  | $ | 72
| Right-to-use assets obtained in exchange for new lease liabilities | $ | 110 |  | $ | 55
| Weighted-average remaining lease term, in years | 6 |  | 5
| Weighted-average discount rate | 2.7 | % |  | 3.6 | %
Other Commitments [Table Text Block] | 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
2022 |  | $ | 747 |  |  | $ | — |  |  | $ | 167 |  |  | $ | 164 |  |  | $ | 55 |  |  | $ | 269 |  |  | $ | 1,402 |
2023 |  | 850 |  |  | — |  |  | 154 |  |  | 156 |  |  | 44 |  |  | 77 |  |  | 1,281 |
2024 |  | 241 |  |  | — |  |  | 135 |  |  | 148 |  |  | 31 |  |  | 87 |  |  | 642 |
2025 |  | 698 |  |  | — |  |  | 117 |  |  | 124 |  |  | 24 |  |  | 81 |  |  | 1,044 |
2026 |  | 565 |  |  | — |  |  | 106 |  |  | 116 |  |  | 18 |  |  | 84 |  |  | 889 |
2027 and beyond |  | 2,058 |  |  | — |  |  | 1,183 |  |  | 2,436 |  |  | 53 |  |  | 960 |  |  | 6,690 |
Total |  | $ | 5,159 |  |  | $ | — |  |  | $ | 1,862 |  |  | $ | 3,144 |  |  | $ | 225 |  |  | $ | 1,558 |  |  | $ | 11,948 |

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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=123408670&loc=SL77918686-209980 + Details
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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=123408670&loc=SL77918701-209980 + Details
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- Definition Tabular disclosure of information about obligations resulting from other commitments. + References No definition available. + Details
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