XML 19 R2.htm IDEA: XBRL DOCUMENT v3.22.1
UNAUDITED CONSOLIDATED STATEMENTS OF EARNINGS, COMPREHENSIVE INCOME AND RETAINED EARNINGS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]    
Sales $ 2,714 $ 2,409
Cost of sales 2,164 1,811
Gross profit 550 598
Selling, general and administrative expenses 196 184
Research and development expenses 65 58
Asset impairments and restructuring charges, net 2 7
Other components of post-employment (benefit) cost, net (31) (36)
Other (income) charges, net (12) (4)
Gain on divested business (3) 0
Earnings before interest and taxes 333 389
Net interest expense 46 50
Earnings before income taxes 287 339
Provision for income taxes 51 62
Net earnings 236 277
Less: Net earnings attributable to noncontrolling interest 1 3
Net earnings attributable to Eastman $ 235 $ 274
Earnings Per Share, Basic [Abstract]    
Basic earnings per share attributable to Eastman $ 1.82 $ 2.01
Diluted earnings per share attributable to Eastman    
Diluted earnings per share attributable to Eastman $ 1.80 $ 1.99
Comprehensive Income    
Net earnings including noncontrolling interest $ 236 $ 277
Other comprehensive income (loss), net of tax:    
Change in cumulative translation adjustment 7 2
Defined benefit pension and other postretirement benefit plans:    
Amortization of unrecognized prior service credits (6) (7)
Derivatives and hedging:    
Unrealized gain (loss) during period 40 25
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax (4) 5
Other Comprehensive Income (Loss) 37 25
Comprehensive income including noncontrolling interest 273 302
Less: Net earnings attributable to noncontrolling interest 1 3
Comprehensive income (loss) attributable to Eastman 272 299
Retained Earnings    
Retained earnings at beginning of period 8,557 8,080
Net earnings attributable to Eastman 235 274
Cash dividends declared [1] (98) (94)
Retained earnings at end of period $ 8,694 $ 8,260
[1] Cash dividends declared consists of cash dividends paid and dividends declared but unpaid.