XML 19 R3.htm IDEA: XBRL DOCUMENT v3.23.1
UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 599 $ 493
Trade receivables, net of allowance for credit losses 1,051 957
Miscellaneous receivables 286 320
Inventories 1,944 1,894
Other current assets 93 114
Total current assets 3,973 3,778
Properties    
Properties and equipment at cost 13,153 12,942
Less: Accumulated depreciation 7,895 7,782
Net properties 5,258 5,160
Goodwill 3,703 3,664
Intangible assets, net of accumulated amortization 1,203 1,210
Other noncurrent assets 846 855
Total assets 14,983 14,667
Current liabilities    
Payables and other current liabilities 1,957 2,125
Borrowings due within one year 1,014 1,126
Total current liabilities 2,971 3,251
Long-term borrowings 4,636 4,025
Deferred income tax liabilities 662 671
Post-employment obligations 629 628
Other long-term liabilities 823 856
Total liabilities $ 9,721 $ 9,431
Common stock, shares issued (in shares) 222,703,492 222,348,557
Common stock, par value (in dollars per share) $ 0.01  
Stockholders' equity    
Common stock ($0.01 par value – 350,000,000 shares authorized; shares issued – 222,703,492 and 222,348,557 for 2023 and 2022, respectively) $ 2 $ 2
Additional paid-in capital 2,325 2,315
Retained earnings 9,013 8,973
Accumulated other comprehensive income (loss) (220) (205)
 Stockholder's Equity before Treasury Stock 11,120 11,085
Less: Treasury stock at cost (103,602,488 and 103,602,488 shares for 2023 and 2022, respectively) 5,932 5,932
Total Eastman stockholders' equity 5,188 5,153
Noncontrolling interest 74 83
Total equity 5,262 5,236
Total liabilities and stockholders' equity $ 14,983 $ 14,667
Treasury stock at cost (in shares) 103,602,488 103,602,488
Common stock, shares authorized (in shares) 350,000,000