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LEASES AND OTHER COMMITMENTS LEASES AND OTHER COMMITMENTS (Tables)

12 Months Ended

Dec. 31, 2023

Leases [Abstract]

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

As of December 31, 2023, reconciliation of lease payments and operating lease liabilities is provided below:

(Dollars in millions)						Operating lease liabilities
2024						$	52
2025						43
2026						32
2027						21
2028						13
2029 and beyond						26
Total lease payments						187
Less: amounts of lease payments representing interest						15
Present value of future lease payments						172
Less: current obligations under leases						52
Long-term lease obligations						$	120

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 2024. 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)						2023						2022						2021
Lease costs:
			Operating lease costs			$	86					$	67					$	71
			Short-term lease costs			23						45						40
			Sublease income			(4)						(13)						(4)
			Total			$	105					$	99					$	107

						December 31,
(Dollars in millions)						2023						2022						2021
Other operating lease information:
			Cash paid for amounts included in the measurement of lease liabilities			$	85					$	67					$	69
			Right-to-use assets obtained in exchange for new lease liabilities			$	28					$	69					$	110
			Weighted-average remaining lease term, in years			6						6						6
			Weighted-average discount rate			3.0		%				3.2		%				2.7		%

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
2024						$	241					$	300					$	205					$	197					$	52					$	251					$	1,246
2025						696						—						172						154						43						75						1,140
2026						550						—						164						143						32						85						974
2027						196						499						125						137						21						85						1,063
2028						495						—						112						111						13						95						826
2029 and beyond						1,869						—						1,126						2,294						26						1,051						6,366
Total						$	4,047					$	799					$	1,904					$	3,036					$	187					$	1,642					$	11,615

X

- 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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-4

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- References

No definition available.

+ Details

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X

- 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
-Topic 842
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147478964/842-20-50-6

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- Definition

Tabular disclosure of information about obligations resulting from other commitments.

+ References

No definition available.

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