Reconciliations of the changes in stockholders' equity for first quarter 2021 and 2020 are provided below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in millions, except per share amount) | Common Stock at Par Value | | Additional Paid-in Capital | | Retained Earnings | | Accumulated Other Comprehensive Income (Loss) | | Treasury Stock at Cost | | Total Eastman Stockholders' Equity | | Noncontrolling Interest | | Total Equity | Balance at December 31, 2020 | $ | 2 | | | $ | 2,174 | | | $ | 8,080 | | | $ | (273) | | | $ | (3,960) | | | $ | 6,023 | | | $ | 85 | | | $ | 6,108 | | | | | | | | | | | | | | | | | | Net Earnings | — | | | — | | | 274 | | | — | | | — | | | 274 | | | 3 | | | 277 | | Cash Dividends Declared (1) ($0.69 per share) | — | | | — | | | (94) | | | — | | | — | | | (94) | | | — | | | (94) | | Other Comprehensive Income (Loss) | — | | | — | | | — | | | 25 | | | — | | | 25 | | | — | | | 25 | | Share Based Compensation Expense (2) | — | | | 22 | | | — | | | — | | | — | | | 22 | | | — | | | 22 | | Stock Option Exercises | — | | | 38 | | | — | | | — | | | — | | | 38 | | | — | | | 38 | | | | | | | | | | | | | | | | | | Other (3) | — | | | (15) | | | — | | | — | | | — | | | (15) | | | (1) | | | (16) | | Share Repurchase | — | | | — | | | — | | | — | | | (40) | | | (40) | | | — | | | (40) | | Distributions to noncontrolling interest | — | | | — | | | — | | | — | | | — | | | — | | | (1) | | | (1) | | Balance at March 31, 2021 | $ | 2 | | | $ | 2,219 | | | $ | 8,260 | | | $ | (248) | | | $ | (4,000) | | | $ | 6,233 | | | $ | 86 | | | $ | 6,319 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in millions, except per share amount) | Common Stock at Par Value | | Additional Paid-in Capital | | Retained Earnings | | Accumulated Other Comprehensive Income (Loss) | | Treasury Stock at Cost | | Total Eastman Stockholders' Equity | | Noncontrolling Interest | | Total Equity | Balance at December 31, 2019 | $ | 2 | | | $ | 2,105 | | | $ | 7,965 | | | $ | (214) | | | $ | (3,900) | | | $ | 5,958 | | | $ | 74 | | | $ | 6,032 | | | | | | | | | | | | | | | | | | Net Earnings | — | | | — | | | 258 | | | — | | | — | | | 258 | | | 2 | | | 260 | | Cash Dividends Declared (1) ($0.66 per share) | — | | | — | | | (90) | | | — | | | — | | | (90) | | | — | | | (90) | | Other Comprehensive Income (Loss) | — | | | — | | | — | | | 17 | | | — | | | 17 | | | — | | | 17 | | Share Based Compensation Expense (2) | — | | | 15 | | | — | | | — | | | — | | | 15 | | | — | | | 15 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Other (3) | — | | | (11) | | | — | | | — | | | — | | | (11) | | | (1) | | | (12) | | Share Repurchase | — | | | — | | | — | | | — | | | (30) | | | (30) | | | — | | | (30) | | | | | | | | | | | | | | | | | | Balance at March 31, 2020 | $ | 2 | | | $ | 2,109 | | | $ | 8,133 | | | $ | (197) | | | $ | (3,930) | | | $ | 6,117 | | | $ | 75 | | | $ | 6,192 | | | | | | | | | | | | | | | | | |
(1)Cash dividends declared consists of cash dividends paid and dividends declared but unpaid. (2)Share-based compensation expense is based on the fair value of share-based awards. (3)Additional paid-in capital includes value of shares withheld for employees' taxes on vesting of share-based compensation awards.
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