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DERIVATIVE AND NON-DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

6 Months Ended

Jun. 30, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments, Gain (Loss) [Table Text Block]

The following table presents the effect of fair value and cash flow hedge accounting in the Unaudited Consolidated Statements of Earnings, Comprehensive Income and Retained Earnings for second quarter and first six months 2025 and 2024.

Location and Amount of Gain or (Loss) Recognized in Earnings from Fair Value and Cash Flow Hedging Relationships
						Second Quarter
						2025																		2024
(Dollars in millions)						Sales						Cost of Sales						Net Interest Expense						Sales						Cost of Sales						Net Interest Expense
Total amounts of income and expense line items presented in the Unaudited Consolidated Statements of Earnings, Comprehensive Income and Retained Earnings in which the effects of fair value or cash flow hedges are recognized						$	2,287					$	1,781					$	53					$	2,363					$	1,764					$	50
The effects of fair value and cash flow hedging:
Gain or (loss) on fair value hedging relationships:
Interest contracts (fixed-for-floating interest rate swaps):
Hedged items																		—																		1
Derivatives designated as hedging instruments																		—																		(1)
Gain or (loss) on cash flow hedging relationships:
Interest contracts (forward starting interest rate and treasury lock swap contracts):
Amount reclassified from AOCI into earnings																		(1)																		—
Commodity Contracts:
Amount reclassified from AOCI into earnings												(3)																		(23)
Foreign Exchange Contracts:
Amount reclassified from AOCI into earnings						(4)																		3

Location and Amount of Gain or (Loss) Recognized in Earnings from Fair Value and Cash Flow Hedging Relationships
						First Six Months
						2025																		2024
(Dollars in millions)						Sales						Cost of Sales						Net Interest Expense						Sales						Cost of Sales						Net Interest Expense
Total amounts of income and expense line items presented in the Unaudited Consolidated Statements of Earnings, Comprehensive Income and Retained Earnings in which the effects of fair value or cash flow hedges are recognized						$	4,577					$	3,504					$	102					$	4,673					$	3,542					$	99
The effects of fair value and cash flow hedging:
Gain or (loss) on fair value hedging relationships:
Interest contracts (fixed-for-floating interest rate swaps):
Hedged items																		—																		2
Derivatives designated as hedging instruments																		—																		(2)
Gain or (loss) on cash flow hedging relationships:
Interest contracts (forward starting interest rate and treasury lock swap contracts):
Amount reclassified from AOCI into earnings																		(2)																		(1)
Commodity Contracts:
Amount reclassified from AOCI into earnings												(3)																		(23)
Foreign Exchange Contracts:
Amount reclassified from AOCI into earnings						—																		5

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

The following table presents the notional amounts outstanding at June 30, 2025 and December 31, 2024 associated with Eastman's hedging programs.

Notional Outstanding									June 30, 2025						December 31, 2024
Derivatives designated as cash flow hedges:
Foreign Exchange Forward and Option Contracts (in millions)
			EUR/USD (in EUR)						€450						€428
Commodity Forward and Collar Contracts
			Energy (in million british thermal units)						9						10
Derivatives designated as net investment hedges:
Cross-currency interest rate swaps (in millions)
			EUR/USD (in EUR)						€1,449						€1,543
			JPY/USD (in JPY)						¥7,885						¥7,385
Non-derivatives designated as net investment hedges:
Foreign Currency Net Investment Hedges (in millions)
			EUR/USD (in EUR)						€499						€499

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)

The following table presents the effect of the Company's hedging instruments on "Other comprehensive income (loss), net of tax" ("OCI") and financial performance for second quarter and first six months 2025 and 2024.

						Change in amount of after tax gain (loss) recognized in OCI on derivatives																								Pre-tax amount of gain (loss) reclassified from AOCI into earnings
(Dollars in millions)						Second Quarter												First Six Months												Second Quarter												First Six Months
Hedging Relationships						2025						2024						2025						2024						2025						2024						2025						2024
Derivatives in cash flow hedging relationships:
Commodity contracts						$	1					$	17					$	2					$	13					$	(3)					$	(23)					$	(3)					$	(23)
Foreign exchange contracts						(27)						1						(44)						8						(4)						3						—						5
Forward starting interest rate and treasury lock swap contracts						—						1						1						1						(1)						—						(2)						(1)
Non-derivatives in net investment hedging relationships (pre-tax):
Net investment hedges						(45)						5						(66)						17						—						—						—						—
Derivatives in net investment hedging relationships (pre-tax):
Cross-currency interest rate swaps						(141)						16						(244)						55						—						—						—						—
Cross-currency interest rate swaps excluded component						(10)						12						56						2						—						—						—						—

Financial assets and liabilities valued on a recurring basis

The following table presents the financial assets and liabilities valued on a recurring and gross basis and includes where the financial assets and liabilities are located within the Unaudited Consolidated Statements of Financial Position as of June 30, 2025 and December 31, 2024.

The Financial Position and Fair Value Measurements of Hedging Instruments on a Gross Basis
(Dollars in millions)
Derivative Type						Statements of Financial Position Classification						Level 2
												June 30, 2025						December 31, 2024
Derivatives designated as cash flow hedges:
Commodity contracts						Other current assets						$	1					$	—
Foreign exchange contracts						Other current assets						—						6
Foreign exchange contracts						Other noncurrent assets						—						3
Derivatives designated as net investment hedges:
Cross-currency interest rate swaps						Other current assets						—						19
Cross-currency interest rate swaps						Other noncurrent assets						—						69
Total Derivative Assets												$	1					$	97
Derivatives designated as cash flow hedges:
Commodity contracts						Payables and other current liabilities						$	1					$	4
Foreign exchange contracts						Payables and other current liabilities						34						—
Foreign exchange contracts						Other long-term liabilities						11						—
Derivatives designated as net investment hedges:
Cross-currency interest rate swaps						Payables and other current liabilities						—						4
Cross-currency interest rate swaps						Other long-term liabilities						156						54
Total Derivative Liabilities												$	202					$	62
Total Net Derivative Assets (Liabilities)												$	(201)					$	35

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Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) during the current period.

+ References

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-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments.

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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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