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EARNINGS AND DIVIDENDS PER SHARE
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share EARNINGS AND DIVIDENDS PER SHARE
The following table sets forth the computation of basic and diluted earnings per share ("EPS") which are calculated using the treasury stock method:
 Third QuarterFirst Nine Months
(In millions, except per share amounts)2024202320242023
Numerator
Earnings attributable to Eastman, net of tax $180 $178 $575 $584 
Denominator
Weighted average shares used for basic EPS116.4118.5117.0118.7
Dilutive effect of stock options and other awards1.40.51.30.8
Weighted average shares used for diluted EPS117.8119.0118.3119.5
(Calculated using whole dollars and shares)
EPS
Basic$1.55 $1.50 $4.91 $4.92 
Diluted$1.53 $1.49 $4.86 $4.89 

Shares underlying stock options of 1,315,375 and 1,873,472 for third quarter 2024 and 2023, respectively, and 1,234,513 and 1,873,472 for first nine months 2024 and 2023, respectively, were excluded from the calculations of diluted EPS because the grant date exercise price of these options was greater than the average market price of the Company's common stock and the effect of including them in the calculations of diluted EPS would have been antidilutive. The Company repurchased 1,018,269 shares and 2,018,274 shares in third quarter and first nine months 2024, respectively, and repurchased 621,711 shares in first nine months 2023. No shares were repurchased in third quarter 2023.

The Company declared cash dividends of $0.81 and $0.79 per share for third quarter 2024 and 2023, respectively. The Company declared cash dividends of $2.43 and $2.37 per share for first nine months 2024 and 2023, respectively.