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LEASES AND OTHER COMMITMENTS LEASES AND OTHER COMMITMENTS (Tables)
 12 Months Ended
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 
202344 
202431 
202524 
202618 
2027 and beyond53 
Total lease payments225 
Less: amounts of lease payments representing interest18 
Present value of future lease payments207 
Less: current obligations under leases50 
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 
202244 
202331 
202418 
202512 
2026 and beyond28 
Total lease payments193 
Less: amounts of lease payments representing interest14 
Present value of future lease payments179 
Less: current obligations under leases56 
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)20212020
Lease costs:
Operating lease costs$71$73
Short-term lease costs4037
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 years65
Weighted-average discount rate2.7 %3.6 %
Other Commitments [Table Text Block] Eastman's obligations are summarized in the following table.
(Dollars in millions)Payments Due for
PeriodDebt SecuritiesCredit Facilities and OtherInterest PayablePurchase ObligationsOperating LeasesOther LiabilitiesTotal
2022$747 $— $167 $164 $55 $269 $1,402 
2023850 — 154 156 44 77 1,281 
2024241 — 135 148 31 87 642 
2025698 — 117 124 24 81 1,044 
2026565 — 106 116 18 84 889 
2027 and beyond2,058 — 1,183 2,436 53 960 6,690 
Total$5,159 $— $1,862 $3,144 $225 $1,558 $11,948