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EARNINGS AND DIVIDENDS PER SHARE
 6 Months Ended
Jun. 30, 2025
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:
 Second QuarterFirst Six Months
(In millions, except per share amounts)2025202420252024
Numerator
Earnings attributable to Eastman, net of tax $140 $230 $322 $395 
Denominator
Weighted average shares used for basic EPS115.0117.3115.1117.4
Dilutive effect of stock options and other awards1.21.31.31.1
Weighted average shares used for diluted EPS116.2118.6116.4118.5
(Calculated using whole dollars and shares)
EPS
Basic$1.22 $1.96 $2.80 $3.37 
Diluted$1.20 $1.94 $2.77 $3.33 

Shares underlying stock options of 3,264,994 and 1,336,652 for second quarter 2025 and 2024, respectively, and 1,772,176 and 1,397,081 for first six months 2025 and 2024, 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 643,791 and 1,000,005 shares in both second quarter and first six months 2025 and 2024, respectively, for $50 million and $100 million, respectively.
The Company declared cash dividends of $0.83 and $0.81 per share for second quarter 2025 and 2024, respectively, and $1.66 and $1.62 per share for first six months 2025 or 2024.