XML 68 R42.htm IDEA: XBRL DOCUMENT v3.25.0.1

LEASES AND OTHER COMMITMENTS LEASES AND OTHER COMMITMENTS (Tables)

12 Months Ended

Dec. 31, 2024

Leases [Abstract]

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

As of December 31, 2024, reconciliation of lease payments and operating lease liabilities is provided below:

(Dollars in millions)						Operating lease liabilities
2025						$	49
2026						38
2027						26
2028						16
2029						8
2030 and beyond						21
Total lease payments						158
Less: amounts of lease payments representing interest						13
Present value of future lease payments						145
Less: current obligations under leases						49
Long-term lease obligations						$	96

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 first quarter 2025. 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)						2024						2023						2022
Lease costs:
			Operating lease costs			$	83					$	86					$	67
			Short-term lease costs			31						23						45
			Sublease income			(8)						(4)						(13)
			Total			$	106					$	105					$	99

						December 31,
(Dollars in millions)						2024						2023						2022
Other operating lease information:
			Cash paid for amounts included in the measurement of lease liabilities			$	82					$	85					$	67
			Right-to-use assets obtained in exchange for new lease liabilities			$	32					$	28					$	69
			Weighted-average remaining lease term, in years			6						6						6
			Weighted-average discount rate			3.0		%				3.0		%				3.2		%

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
2025						$	450					$	—					$	206					$	228					$	49					$	275					$	1,208
2026						518						—						202						209						38						71						1,038
2027						196						250						178						153						26						83						886
2028						496						—						169						127						16						81						889
2029						495						—						152						96						8						94						845
2030 and beyond						2,612						—						1,201						763						21						1,044						5,641
Total						$	4,767					$	250					$	2,108					$	1,576					$	158					$	1,648					$	10,507

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

+ Details

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

X

- References

No definition available.

+ Details

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

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

+ Details

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

X

- Definition

Tabular disclosure of information about obligations resulting from other commitments.

+ References

No definition available.

+ Details

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