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UNAUDITED CONSOLIDATED STATEMENTS OF EARNINGS, COMPREHENSIVE INCOME AND RETAINED EARNINGS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Sales $ 2,784 $ 2,653 $ 5,498 $ 5,062
Cost of sales 2,114 1,972 4,278 3,783
Gross profit 670 681 1,220 1,279
Selling, general and administrative expenses 185 202 381 386
Research and development expenses 67 63 132 121
Asset impairments and restructuring charges, net 19 15 21 22
Other components of post-employment (benefit) cost, net (34) (37) (65) (73)
Other (income) charges, net 14 (1) 2 (5)
Net (gain) loss on divested businesses (7) 495 (10) 495
Earnings (loss) before interest and taxes 426 (56) 759 333
Net interest expense 45 51 91 101
Earnings (loss) before income taxes 381 (107) 668 232
Provision for income taxes 124 37 175 99
Net earnings (loss) 257 (144) 493 133
Less: Net earnings attributable to noncontrolling interest 1 2 2 5
Net earnings (loss) attributable to Eastman $ 256 $ (146) $ 491 $ 128
Earnings Per Share, Basic [Abstract]        
Basic earnings (loss) per share attributable to Eastman $ 2.05 $ (1.07) $ 3.87 $ 0.94
Diluted earnings (loss) per share attributable to Eastman        
Diluted earnings (loss) per share attributable to Eastman $ 2.03 $ (1.07) $ 3.82 $ 0.93
Comprehensive Income        
Net earnings (loss) including noncontrolling interest $ 257 $ (144) $ 493 $ 133
Other comprehensive income (loss), net of tax:        
Change in cumulative translation adjustment 16 9 23 11
Defined benefit pension and other postretirement benefit plans:        
Amortization of unrecognized prior service credits (9) (7) (15) (14)
Derivatives and hedging:        
Unrealized gain (loss) during period 27 4 67 29
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax (32) 9 (36) 14
Other Comprehensive Income (Loss) 2 15 39 40
Comprehensive income (loss) including noncontrolling interest 259 (129) 532 173
Less: Net earnings attributable to noncontrolling interest 1 2 2 5
Comprehensive income (loss) attributable to Eastman 258 (131) 530 168
Retained Earnings        
Retained earnings at beginning of period 8,694 8,260 8,557 8,080
Net earnings (loss) attributable to Eastman 256 (146) 491 128
Cash dividends declared (93) [1] (94) [1] (191) [2] (188) [2]
Retained earnings at end of period $ 8,857 $ 8,020 $ 8,857 $ 8,020
[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.