XML 18 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
UNAUDITED CONSOLIDATED STATEMENTS OF EARNINGS, COMPREHENSIVE INCOME AND RETAINED EARNINGS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Income Statement [Abstract]    
Sales $ 2,310 $ 2,412
Cost of sales 1,778 1,883
Gross profit 532 529
Selling, general and administrative expenses 191 191
Research and development expenses 59 62
Asset impairments and restructuring charges, net 11 22
Other components of post-employment (benefit) cost, net (5) (3)
Other (income) charges, net 13 11
Earnings before interest and taxes 263 246
Net interest expense 49 52
Earnings before income taxes 214 194
Provision for income taxes 49 60
Net earnings 165 134
Less: Net earnings attributable to noncontrolling interest 0 0
Net earnings attributable to Eastman $ 165 $ 134
Earnings Per Share, Basic [Abstract]    
Basic earnings per share attributable to Eastman $ 1.40 $ 1.13
Diluted earnings per share attributable to Eastman    
Diluted earnings per share attributable to Eastman $ 1.39 $ 1.12
Comprehensive Income    
Net earnings including noncontrolling interest $ 165 $ 134
Other comprehensive income (loss), net of tax:    
Change in cumulative translation adjustment (10) (1)
Defined benefit pension and other postretirement benefit plans:    
Amortization of unrecognized prior service credits (2) (5)
Derivatives and hedging:    
Unrealized gain (loss) during period 4 (7)
Reclassification adjustment for (gains) losses included in net income, net (1) (2)
Total other comprehensive income (loss), net of tax (9) (15)
Comprehensive income including noncontrolling interest 156 119
Less: Net earnings attributable to noncontrolling interest 0 0
Comprehensive income attributable to Eastman 156 119
Retained Earnings    
Retained earnings at beginning of period 9,490 8,973
Net earnings attributable to Eastman 165 134
Cash dividends declared (96) (94)
Retained earnings at end of period $ 9,559 $ 9,013