XML 67 R39.htm IDEA: XBRL DOCUMENT v3.24.0.1

STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2023

Stockholders' Equity Note [Abstract]

Schedule of Reconciliation of the Changes in Stockholders' Equity

A reconciliation of the changes in stockholders' equity for 2023, 2022, and 2021 is provided below:

(Dollars in millions)			Common Stock at Par Value						Additional Paid-in Capital						Retained Earnings						Accumulated Other Comprehensive Income (Loss)						Treasury Stock at Cost						Total Eastman Stockholders' Equity						Noncontrolling Interest						Total Equity
Balance at December 31, 2020			$	2					$	2,174					$	8,080					$	(273)					$	(3,960)					$	6,023					$	85					$	6,108
Net Earnings			—						—						857						—						—						857						10						867
Cash Dividends (1)			—						—						(380)						—						—						(380)						—						(380)
Other Comprehensive (Loss)			—						—						—						91						—						91						—						91
Share-Based Compensation Expense (2)			—						70						—						—						—						70						—						70
Stock Option Exercises			—						62						—						—						—						62						—						62
Other (3)			—						(19)						—						—						—						(19)						3						(16)
Share Repurchase (4)			—						(100)						—						—						(900)						(1,000)						—						(1,000)
Distributions to noncontrolling interest			—						—						—						—						—						—						(14)						(14)
Balance at December 31, 2021			$	2					$	2,187					$	8,557					$	(182)					$	(4,860)					$	5,704					$	84					$	5,788
Net Earnings			—						—						793						—						—						793						3						796
Cash Dividends (1)			—						—						(377)						—						—						(377)						—						(377)
Other Comprehensive Income			—						—						—						(23)						—						(23)						—						(23)
Share-Based Compensation Expense (2)			—						69						—						—						—						69						—						69
Stock Option Exercises			—						9						—						—						—						9						—						9
Other (3)			—						(20)						—						—						—						(20)						(4)						(24)
Share Repurchase (5)			—						70						—						—						(1,072)						(1,002)						—						(1,002)
Balance at December 31, 2022			$	2					$	2,315					$	8,973					$	(205)					$	(5,932)					$	5,153					$	83					$	5,236
Net Earnings			—						—						894						—						—						894						2						896
Cash Dividends (1)			—						—						(377)						—						—						(377)						—						(377)
Other Comprehensive Income			—						—						—						(114)						—						(114)						—						(114)
Share-Based Compensation Expense (2)			—						64						—						—						—						64						—						64
Stock Option Exercises			—						3						—						—						—						3						—						3
Other (3)			—						(14)						—						—						(1)						(15)						2						(13)
Share Repurchase			—						—						—						—						(150)						(150)						—						(150)
Distributions to noncontrolling interest			—						—						—						—						—						—						(15)						(15)
Balance at December 31, 2023			$	2					$	2,368					$	9,490					$	(319)					$	(6,083)					$	5,458					$	72					$	5,530

(1)Cash dividends includes cash dividends paid and dividends declared, but unpaid.

(2)Share-based compensation expense is the fair value of share-based awards.

(3)Additional paid-in capital includes value of shares withheld for employees' taxes on vesting of share-based compensation awards.

(4)Additional paid-capital in 2021 included payment for repurchase of shares under the 2021 accelerated share repurchase program ("2021 ASR") which had not yet been delivered.

(5)Additional paid-in capital in 2022 included the final settlement of the 2021 ASR and the favorable settlement of the second quarter 2022 accelerated share repurchase program (the "2022 ASR").

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

			For years ended December 31,
(In millions, except per share amounts)			2023						2022						2021
Numerator
Net earnings attributable to Eastman			$	894					$	793					$	857
Denominator
Weighted average shares used for basic EPS			118.6						123.5						134.9
Dilutive effect of stock options and other award plans			0.8						1.4						2.2
Weighted average shares used for diluted EPS			119.4						124.9						137.1
EPS (1)
Basic			$	7.54					$	6.42					$	6.35
Diluted			$	7.49					$	6.35					$	6.25

(1)     EPS is calculated using whole dollars and shares.

Schedule of Shares of Common Stock Issued

			For years ended December 31,
			2023						2022						2021
Balance at beginning of year			222,348,557						221,809,309						220,641,506
Issued for employee compensation and benefit plans			413,760						539,248						1,167,803
Balance at end of year			222,762,317						222,348,557						221,809,309

Schedule of Accumulated Other Comprehensive Income (Loss)

Accumulated Other Comprehensive Income (Loss)

(Dollars in millions)			Cumulative Translation Adjustment						Benefit Plans Unrecognized Prior Service Credits						Unrealized Gains (Losses) on Cash Flow Hedges						Unrealized Losses on Investments						Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2021			$	(237)					$	59					$	(3)					$	(1)					$	(182)
Period change			7						(27)						(3)						—						(23)
Balance at December 31, 2022			(230)						32						(6)						(1)						(205)
Period change			(67)						(21)						(26)						—						(114)
Balance at December 31, 2023			$	(297)					$	11					$	(32)					$	(1)					$	(319)

Schedule of Components of Comprehensive Income (Loss) Before Tax and Net of Tax Effects

Components of total other comprehensive income (loss) recorded in the Consolidated Statements of Earnings, Comprehensive Income and Retained Earnings are presented below, before tax and net of tax effects:

			For years ended December 31,
			2023												2022												2021
(Dollars in millions)			Before Tax						Net of Tax						Before Tax						Net of Tax						Before Tax						Net of Tax
Change in cumulative translation adjustment			$	(56)					$	(67)					$	7					$	7					$	56					$	56
Defined benefit pension and other postretirement benefit plans:
Amortization of unrecognized prior service credits included in net periodic costs			(27)						(21)						(34)						(27)						(38)						(28)
Derivatives and hedging:
Unrealized gain (loss) during period			(36)						(27)						71						53						88						66
Reclassification adjustment for (gains) losses included in net income, net			1						1						(75)						(56)						(4)						(3)
Total other comprehensive income (loss)			$	(118)					$	(114)					$	(31)					$	(23)					$	102					$	91

For additional information regarding the impact of reclassifications into earnings, refer to Note 10, "Derivative and Non-Derivative Financial Instruments", and Note 11, "Retirement Plans".

X

- Definition

Tabular disclosure of shares of common stock issued roll forward.

+ References

No definition available.

+ Details

Name:	emn_SharesOfCommonStockIssuedTableTextBlock
Namespace Prefix:	emn_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of accumulated other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481674/830-30-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481694/830-30-45-20

+ Details

Name:	us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 1
-Section 45
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482790/220-10-45-1

+ Details

Name:	us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

+ Details

Name:	us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-SubTopic 10
-Topic 505
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-2

+ Details

Name:	us-gaap_ScheduleOfStockholdersEquityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration