Reconciliation of the changes in stockholders' equity |
Reconciliations of the changes in stockholders' equity for third quarter and first nine months 2024 and 2023 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 June 30, 2024 | $ | 2 | | | $ | 2,417 | | | $ | 9,694 | | | $ | (302) | | | $ | (6,184) | | | $ | 5,627 | | | $ | 72 | | | $ | 5,699 | | | | | | | | | | | | | | | | | | Net Earnings | — | | | — | | | 180 | | | — | | | — | | | 180 | | | 1 | | | 181 | | Cash Dividends Declared (1) ($0.81 per share) | — | | | — | | | (94) | | | — | | | — | | | (94) | | | — | | | (94) | | Other Comprehensive Income (Loss) | — | | | — | | | — | | | 24 | | | — | | | 24 | | | — | | | 24 | | Share-Based Compensation Expense (2) | — | | | 14 | | | — | | | — | | | — | | | 14 | | | — | | | 14 | | Stock Option Exercises | — | | | 4 | | | — | | | — | | | — | | | 4 | | | — | | | 4 | | | | | | | | | | | | | | | | | | Other | — | | | — | | | — | | | — | | | (1) | | | (1) | | | 1 | | | — | | Share Repurchases | — | | | — | | | — | | | — | | | (100) | | | (100) | | | — | | | (100) | | | | | | | | | | | | | | | | | | Balance at September 30, 2024 | $ | 2 | | | $ | 2,435 | | | $ | 9,780 | | | $ | (278) | | | $ | (6,285) | | | $ | 5,654 | | | $ | 74 | | | $ | 5,728 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (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 June 30, 2023 | $ | 2 | | | $ | 2,342 | | | $ | 9,190 | | | $ | (271) | | | $ | (5,982) | | | $ | 5,281 | | | $ | 71 | | | $ | 5,352 | | | | | | | | | | | | | | | | | | Net Earnings | — | | | — | | | 178 | | | — | | | — | | | 178 | | | 1 | | | 179 | | Cash Dividends Declared (1) ($0.79 per share) | — | | | — | | | (94) | | | — | | | — | | | (94) | | | — | | | (94) | | Other Comprehensive Income (Loss) | — | | | — | | | — | | | (23) | | | — | | | (23) | | | — | | | (23) | | Share-Based Compensation Expense (2) | — | | | 10 | | | — | | | — | | | — | | | 10 | | | — | | | 10 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance at September 30, 2023 | $ | 2 | | | $ | 2,352 | | | $ | 9,274 | | | $ | (294) | | | $ | (5,982) | | | $ | 5,352 | | | $ | 72 | | | $ | 5,424 | |
(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. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (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, 2023 | $ | 2 | | | $ | 2,368 | | | $ | 9,490 | | | $ | (319) | | | $ | (6,083) | | | $ | 5,458 | | | $ | 72 | | | $ | 5,530 | | | | | | | | | | | | | | | | | | Net Earnings | — | | | — | | | 575 | | | — | | | — | | | 575 | | | 2 | | | 577 | | Cash Dividends Declared (1) ($2.43 per share) | — | | | — | | | (285) | | | — | | | — | | | (285) | | | — | | | (285) | | Other Comprehensive Income (Loss) | — | | | — | | | — | | | 41 | | | — | | | 41 | | | — | | | 41 | | Share-Based Compensation Expense (2) | — | | | 49 | | | — | | | — | | | — | | | 49 | | | — | | | 49 | | Stock Option Exercises | — | | | 26 | | | — | | | — | | | — | | | 26 | | | — | | | 26 | | | | | | | | | | | | | | | | | | Other (3) | — | | | (8) | | | — | | | — | | | (2) | | | (10) | | | 1 | | | (9) | | Share Repurchases | — | | | — | | | — | | | — | | | (200) | | | (200) | | | — | | | (200) | | Distributions to Noncontrolling Interest | — | | | — | | | — | | | — | | | — | | | — | | | (1) | | | (1) | | Balance at September 30, 2024 | $ | 2 | | | $ | 2,435 | | | $ | 9,780 | | | $ | (278) | | | $ | (6,285) | | | $ | 5,654 | | | $ | 74 | | | $ | 5,728 | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (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, 2022 | $ | 2 | | | $ | 2,315 | | | $ | 8,973 | | | $ | (205) | | | $ | (5,932) | | | $ | 5,153 | | | $ | 83 | | | $ | 5,236 | | | | | | | | | | | | | | | | | | Net Earnings | — | | | — | | | 584 | | | — | | | — | | | 584 | | | 1 | | | 585 | | Cash Dividends Declared (1) ($2.37 per share) | — | | | — | | | (283) | | | — | | | — | | | (283) | | | — | | | (283) | | Other Comprehensive Income (Loss) | — | | | — | | | — | | | (89) | | | — | | | (89) | | | — | | | (89) | | Share-Based Compensation Expense (2) | — | | | 49 | | | — | | | — | | | — | | | 49 | | | — | | | 49 | | Stock Option Exercises | — | | | 2 | | | — | | | — | | | — | | | 2 | | | — | | | 2 | | | | | | | | | | | | | | | | | | Other (3) | — | | | (14) | | | — | | | — | | | — | | | (14) | | | 2 | | | (12) | | Share Repurchases | — | | | — | | | — | | | — | | | (50) | | | (50) | | | — | | | (50) | | Distributions to Noncontrolling Interest | — | | | — | | | — | | | — | | | — | | | — | | | (14) | | | (14) | | Balance at September 30, 2023 | $ | 2 | | | $ | 2,352 | | | $ | 9,274 | | | $ | (294) | | | $ | (5,982) | | | $ | 5,352 | | | $ | 72 | | | $ | 5,424 | | | | | | | | | | | | | | | | | |
(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 the value of shares withheld for employees' taxes on vesting of share-based compensation awards.
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