Market Summary
USD77.78-0.64
Delayedas of 21 Sep 2023, 10:11 am-0.82%
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Price Action
52 Week Range
69.9192.21
(Low)(High)
Last 7 days
1.6%
Last 30 days
-5.9%
Trailing 12 Months
1.4%
EMN Financial Health
EMN Investor Care
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Net sales
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Latest Insider Trading transactions for EMN
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-01 | Holt Adrian James | acquired | 119,022 | 61.51 | 1,935 | svp, chf hr ofcr |
2023-08-01 | Holt Adrian James | sold | -165,713 | 85.64 | -1,935 | svp, chf hr ofcr |
2023-05-04 | RAISBECK DAVID W | acquired | - | - | 1,396 | - |
2023-05-04 | Holder Julie Fasone | acquired | - | - | 1,396 | - |
2023-05-04 | Haynesworth Linnie M | acquired | - | - | 1,396 | - |
2023-05-04 | Stevens Charles K. III | acquired | - | - | 1,396 | - |
2023-05-04 | OBRIEN JAMES J /KY | acquired | - | - | 1,396 | - |
2023-05-04 | BUTLER ERIC L | acquired | - | - | 1,396 | - |
2023-04-13 | WALKER KELLYE L. | acquired | - | - | 18,701 | evp, clo & corp. secretary |
2023-04-13 | WALKER KELLYE L. | sold (taxes) | -464,927 | 83.38 | -5,576 | evp, clo & corp. secretary |
Which funds bought or sold EMN recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-19 | BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL | unchanged | - | -1,829 | 246,974 | 0.10% |
2023-09-12 | Farther Finance Advisors, LLC | added | 24.27 | 14,934 | 78,864 | 0.02% |
2023-09-08 | TUCKER ASSET MANAGEMENT LLC | reduced | -3.19 | -2,476 | 60,948 | 0.02% |
2023-08-28 | DT Investment Partners, LLC | unchanged | - | 91.00 | 2,401 | -% |
2023-08-24 | ProVise Management Group, LLC | added | 5.37 | 27,281 | 621,035 | 0.06% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | -1,736 | 234,416 | -% |
2023-08-23 | Stonebridge Capital Advisors LLC | added | 134 | 20,981 | 36,837 | -% |
2023-08-22 | COMERICA BANK | new | - | - | - | -% |
2023-08-22 | Asset Dedication, LLC | reduced | -2.16 | -11,000 | 320,000 | 0.03% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | reduced | -0.57 | -218,000 | 16,534,000 | 0.16% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
EMN Alerts
Schedule 13G FIlings of Eastman Chemical
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 13, 2023 | capital world investors | 0.0% | 0 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 12.50% | 14,994,249 | SC 13G/A | |
| Jan 31, 2023 | blackrock inc. | 7.2% | 8,615,723 | SC 13G/A | |
| Jan 20, 2023 | jpmorgan chase & co | 8.2% | 9,862,144 | SC 13G/A | |
| Feb 11, 2022 | capital world investors | 6.3% | 8,452,732 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 11.92% | 16,026,862 | SC 13G/A | |
| Feb 01, 2022 | blackrock inc. | 6.6% | 8,855,207 | SC 13G/A | |
| Jan 10, 2022 | jpmorgan chase & co | 7.4% | 10,068,435 | SC 13G/A | |
| Feb 16, 2021 | capital world investors | 7.5% | 10,167,734 | SC 13G | |
| Feb 10, 2021 | vanguard group inc | 10.91% | 14,774,094 | SC 13G/A |
Recent SEC filings of Eastman Chemical
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Aug 03, 2023 | 4 | Insider Trading | |
| Aug 01, 2023 | 144 | Notice of Insider Sale Intent | |
| Jul 28, 2023 | 10-Q | Quarterly Report | |
| Jul 27, 2023 | 8-K | Current Report | |
| Jun 26, 2023 | 4/A | Insider Trading | |
| Jun 22, 2023 | 11-K | Employee Benefit Details |
Peers (Alternatives to Eastman Chemical)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
DD | 34.0B | 12.5B | -1.07% | 37.74% | 7.2 | 2.71 | -3.90% | 152.35% |
ALB | 20.5B | 9.7B | -7.25% | -39.15% | 5.22 | 2.12 | 123.06% | 1386.73% |
CE | 13.9B | - | 8.46% | 30.48% | 10.98 | 1.25 | 22.25% | -35.45% |
PPG | - | 17.9B | -5.63% | 12.72% | - | - | 1.96% | 21.57% |
| MID-CAP | ||||||||
EMN | 10.0B | 9.8B | -5.95% | 1.41% | 12.61 | 0.94 | -10.03% | -41.97% |
OLN | 6.1B | 7.8B | -14.24% | 6.57% | 7.54 | 0.78 | -20.33% | -46.41% |
HUN | 4.4B | 6.9B | -8.02% | -1.27% | 22.73 | 0.64 | -19.93% | -84.77% |
AVNT | 3.3B | 3.3B | -0.38% | -0.41% | 5.78 | 1.01 | -3.65% | 128.94% |
AXTA | - | 5.1B | -3.30% | 12.06% | - | - | 9.03% | 9.70% |
| SMALL-CAP | ||||||||
ASIX | 841.7M | 1.7B | -8.79% | -9.18% | 7.56 | 0.49 | -11.49% | -43.12% |
TSE | 310.8M | 4.1B | -24.91% | -62.60% | -0.35 | 0.08 | -23.57% | -425.83% |
RYAM | 186.2M | 1.8B | -5.94% | -32.46% | 10.31 | 0.1 | 21.33% | 123.48% |
Eastman Chemical News
Returns for EMN
Cumulative Returns on EMN
2.4%
10-Year Cumulative Returns
5.1%
7-Year Cumulative Returns
-2.4%
5-Year Cumulative Returns
-0.7%
3-Year Cumulative Returns
Risks for EMN
What is the probability of a big loss on EMN?
86.9%
Probability that Eastman Chemical stock will be more than 20% underwater in next one year
55.4%
Probability that Eastman Chemical stock will be more than 30% underwater in next one year.
27.3%
Probability that Eastman Chemical stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does EMN drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Eastman Chemical was unfortunately bought at previous high price.
Drawdowns
Financials for Eastman Chemical
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | -4.5% | 9,818 | 10,278 | 10,580 | 10,901 | 10,912 | 10,781 | 10,476 | 9,968 | 9,370 | 8,641 | 8,473 | 8,492 | 8,695 | 9,134 | 9,273 | 9,444 | 9,666 | 9,924 | 10,151 | 10,137 | 10,055 |
| Gross Profit | -4.1% | 2,030 | 2,116 | 2,137 | 2,320 | 2,441 | 2,452 | 2,500 | 2,467 | 2,306 | 1,996 | 1,975 | 1,946 | 2,019 | 2,237 | 2,234 | 2,203 | 2,357 | 2,472 | 2,479 | 2,470 | 2,413 |
| S&GA Expenses | 0% | 721 | 721 | 726 | 762 | 790 | 807 | 795 | 761 | 725 | 678 | 654 | 656 | 654 | 664 | 691 | 682 | 694 | 718 | 721 | 743 | 748 |
| R&D Expenses | -2.7% | 254 | 261 | 264 | 267 | 265 | 261 | 254 | 244 | 234 | 223 | 226 | 229 | 232 | 237 | 234 | 233 | 234 | 237 | 235 | 229 | 228 |
| EBITDA | -100.0% | - | 1,193 | 1,272 | 1,778 | 1,822 | 1,346 | 1,422 | 938 | 826 | 929 | 894 | 880 | 1,003 | 1,335 | 1,295 | 1,357 | 1,499 | 1,599 | 1,679 | 1,786 | 1,724 |
| EBITDA Margin | -100.0% | - | 0.12* | 0.12* | 0.16* | 0.17* | 0.12* | 0.14* | 0.09* | 0.09* | 0.11* | 0.11* | 0.10* | 0.12* | 0.15* | 0.14* | 0.14* | 0.16* | 0.16* | 0.17* | 0.18* | 0.17* |
| Interest Expenses | -4.8% | -197 | -188 | -182 | -182 | -188 | -194 | -198 | -201 | -204 | -208 | -210 | -212 | -214 | -214 | -218 | -222 | -226 | -232 | -235 | -237 | -240 |
| Earnings Before Taxes | -12.7% | 772 | 884 | 977 | 1,478 | 1,518 | 1,030 | 1,082 | 578 | 447 | 553 | 530 | 514 | 637 | 954 | 902 | 964 | 1,110 | 1,224 | 1,310 | 1,425 | 1,369 |
| EBT Margin | -100.0% | - | 0.09* | 0.09* | 0.14* | 0.14* | 0.10* | 0.10* | 0.06* | 0.05* | 0.06* | 0.06* | 0.06* | 0.07* | 0.10* | 0.10* | 0.10* | 0.11* | 0.12* | 0.13* | 0.14* | 0.14* |
| Net Income | 2.3% | 708 | 692 | 793 | 1,170 | 1,220 | 818 | 857 | 511 | 321 | 494 | 478 | 472 | 577 | 808 | 759 | 767 | 913 | 999 | 1,080 | 1,537 | 1,448 |
| Net Income Margin | -100.0% | - | 0.07* | 0.07* | 0.11* | 0.11* | 0.08* | 0.08* | 0.05* | 0.03* | 0.06* | 0.06* | 0.06* | 0.07* | 0.09* | 0.08* | 0.08* | 0.09* | 0.10* | 0.11* | 0.15* | 0.14* |
| Free Cashflow | -100.0% | - | 283 | 364 | 300 | 635 | 844 | 1,064 | 1,175 | 1,105 | 1,125 | 1,072 | 1,325 | 1,271 | 1,262 | 1,079 | 1,118 | 1,070 | 1,067 | 1,015 | 857 | 968 |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -1.4% | 14,771 | 14,983 | 14,667 | 14,985 | 14,875 | 15,806 | 15,519 | 16,259 | 16,098 | 16,195 | 16,083 | 16,009 | 15,973 | 16,465 | 16,008 | 16,137 | 16,256 | 16,361 | 15,995 | 16,362 | 16,260 |
| Current Assets | -7.6% | 3,671 | 3,973 | 3,778 | 4,105 | 4,003 | 4,929 | 4,646 | 4,875 | 4,738 | 3,797 | 3,541 | 3,534 | 3,526 | 3,851 | 3,321 | 3,440 | 3,516 | 3,551 | 3,365 | 3,647 | 3,498 |
| Cash Equivalents | -31.6% | 410 | 599 | 493 | 461 | 456 | 487 | 459 | 717 | 609 | 540 | 564 | 650 | 704 | 680 | 204 | 207 | 186 | 195 | 226 | 193 | 193 |
| Inventory | 0.8% | 1,960 | 1,944 | 1,894 | 1,975 | 1,826 | 1,671 | 1,504 | 1,630 | 1,501 | 1,505 | 1,379 | 1,338 | 1,419 | 1,659 | 1,662 | 1,695 | 1,730 | 1,704 | 1,583 | 1,625 | 1,532 |
| Net PPE | 2.7% | 5,402 | 5,258 | 5,160 | 4,982 | 4,959 | 4,997 | 4,996 | 5,172 | 5,181 | 5,466 | 5,549 | 5,489 | 5,478 | 5,498 | 5,571 | 5,534 | 5,550 | 5,576 | 5,600 | 5,570 | 5,570 |
| Goodwill | -0.2% | 3,697 | 3,703 | 3,664 | 3,644 | 3,663 | 3,665 | 3,641 | 4,044 | 4,053 | 4,446 | 4,465 | 4,443 | 4,425 | 4,417 | 4,431 | 4,464 | 4,481 | 4,477 | 4,467 | 4,509 | 4,514 |
| Liabilities | -3.1% | 9,419 | 9,721 | 9,431 | 9,518 | 9,468 | 9,829 | 9,731 | 10,052 | 10,070 | 9,876 | 9,975 | 9,853 | 9,875 | 10,273 | 9,976 | 10,040 | 10,310 | 10,442 | 10,117 | 10,367 | 10,486 |
| Current Liabilities | -6.2% | 2,787 | 2,971 | 3,251 | 3,207 | 3,148 | 3,136 | 2,971 | 3,113 | 2,295 | 2,016 | 2,038 | 1,789 | 1,878 | 2,315 | 1,789 | 2,080 | 2,226 | 2,352 | 1,851 | 2,153 | 2,068 |
| Short Term Borrowings | -16.8% | 844 | 1,014 | 1,126 | 1,086 | 979 | 984 | 747 | 1,046 | 325 | 324 | 349 | 370 | 702 | 895 | 171 | 642 | 731 | 862 | 243 | 728 | 662 |
| LT Debt, Non Current | -0.9% | 4,593 | 4,636 | 4,025 | 3,979 | 4,012 | 4,379 | 4,412 | 4,442 | 5,223 | 5,200 | 5,269 | 5,495 | 5,431 | 5,399 | 5,611 | 5,567 | 5,624 | 5,602 | 5,925 | 5,898 | 6,033 |
| Shareholder's Equity | 0.4% | 5,281 | 5,262 | 5,153 | 5,384 | 5,407 | 5,977 | 5,788 | 6,207 | 6,028 | 6,319 | 6,108 | 6,156 | 6,098 | 6,192 | 6,032 | 6,097 | 5,946 | 5,919 | 5,878 | 5,995 | 5,774 |
| Retained Earnings | 2.0% | 9,190 | 9,013 | 8,973 | 9,065 | 8,857 | 8,694 | 8,557 | 8,278 | 8,020 | 8,260 | 8,080 | 8,142 | 8,071 | 8,133 | 7,965 | 8,029 | 7,848 | 7,675 | 7,573 | 7,626 | 7,292 |
| Additional Paid-In Capital | 0.7% | 2,342 | 2,325 | 2,315 | 2,301 | 2,179 | 2,262 | 2,187 | 2,275 | 2,255 | 2,219 | 2,174 | 2,134 | 2,117 | 2,109 | 2,105 | 2,092 | 2,079 | 2,060 | 2,048 | 2,036 | 2,021 |
| Accumulated Depreciation | 0.8% | 7,959 | 7,895 | 7,782 | 7,663 | 7,784 | 7,756 | 7,684 | 7,966 | 7,898 | 8,061 | 7,982 | 7,843 | 7,697 | 7,584 | 7,510 | 7,364 | 7,298 | 7,220 | 7,131 | 7,034 | 6,943 |
| Minority Interest | -4.1% | 71.00 | 74.00 | 83.00 | 83.00 | 84.00 | 84.00 | 84.00 | 87.00 | 84.00 | 86.00 | 85.00 | 81.00 | 77.00 | 75.00 | 74.00 | 77.00 | 77.00 | 76.00 | 75.00 | 75.00 | 77.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 17.3% | 1,121 | 956 | 975 | 948 | 1,239 | 1,420 | 1,619 | 1,595 | 1,490 | 1,500 | 1,455 | 1,720 | 1,694 | 1,680 | 1,504 | 1,573 | 1,552 | 1,573 | 1,543 | 1,449 | 1,582 |
| Cashflow From Investing | -435.4% | -862 | 257 | 392 | 1,016 | 1,004 | -47.00 | -29.00 | -559 | -470 | -392 | -394 | -402 | -462 | -456 | -480 | -508 | -503 | -510 | -463 | -528 | -539 |
| Cashflow From Financing | 71.9% | -307 | -1,093 | -1,321 | -2,204 | -2,385 | -1,424 | -1,690 | -966 | -1,113 | -1,249 | -704 | -878 | -712 | -737 | -1,043 | -1,045 | -1,054 | -1,054 | -1,040 | -920 | -1,071 |
| Dividend Payments | -1.1% | 373 | 377 | 381 | 383 | 383 | 379 | 375 | 371 | 367 | 362 | 358 | 354 | 349 | 346 | 343 | 336 | 331 | 325 | 318 | 313 | 307 |
EMN Income Statement
2023-06-30UNAUDITED CONSOLIDATED STATEMENTS OF EARNINGS, COMPREHENSIVE INCOME AND RETAINED EARNINGS - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Income Statement [Abstract] | ||||
| Sales | $ 2,324 | $ 2,784 | $ 4,736 | $ 5,498 |
| Cost of sales | 1,740 | 2,114 | 3,623 | 4,278 |
| Gross profit | 584 | 670 | 1,113 | 1,220 |
| Selling, general and administrative expenses | 185 | 185 | 376 | 381 |
| Research and development expenses | 60 | 67 | 122 | 132 |
| Asset impairments and restructuring charges, net | 0 | 19 | 22 | 21 |
| Other components of post-employment (benefit) cost, net | (3) | (34) | (6) | (65) |
| Other (income) charges, net | 19 | 14 | 30 | 2 |
| Gain on divested business | 0 | (7) | 0 | (10) |
| Earnings before interest and taxes | 323 | 426 | 569 | 759 |
| Net interest expense | 54 | 45 | 106 | 91 |
| Earnings before income taxes | 269 | 381 | 463 | 668 |
| (Benefit from) provision for income taxes | (3) | 124 | 57 | 175 |
| Net earnings | 272 | 257 | 406 | 493 |
| Less: Net earnings attributable to noncontrolling interest | 0 | 1 | 0 | 2 |
| Net earnings attributable to Eastman | $ 272 | $ 256 | $ 406 | $ 491 |
| Earnings Per Share, Basic [Abstract] | ||||
| Basic earnings per share attributable to Eastman | $ 2.28 | $ 2.05 | $ 3.41 | $ 3.87 |
| Diluted earnings per share attributable to Eastman | ||||
| Diluted earnings per share attributable to Eastman | $ 2.27 | $ 2.03 | $ 3.39 | $ 3.82 |
| Comprehensive Income | ||||
| Net earnings including noncontrolling interest | $ 272 | $ 257 | $ 406 | $ 493 |
| Other comprehensive income (loss), net of tax: | ||||
| Change in cumulative translation adjustment | (42) | 16 | (43) | 23 |
| Defined benefit pension and other postretirement benefit plans: | ||||
| Amortization of unrecognized prior service credits | (5) | (9) | (10) | (15) |
| Derivatives and hedging: | ||||
| Unrealized gain (loss) during period | (5) | 27 | (12) | 67 |
| Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax | 1 | (32) | (1) | (36) |
| Total other comprehensive income (loss), net of tax | (51) | 2 | (66) | 39 |
| Comprehensive income including noncontrolling interest | 221 | 259 | 340 | 532 |
| Less: Net earnings attributable to noncontrolling interest | 0 | 1 | 0 | 2 |
| Comprehensive income attributable to Eastman | 221 | 258 | 340 | 530 |
| Retained Earnings | ||||
| Retained earnings at beginning of period | 9,013 | 8,694 | 8,973 | 8,557 |
| Net earnings attributable to Eastman | 272 | 256 | 406 | 491 |
| Cash dividends declared | (95) | (93) | (189) | (191) |
| Retained earnings at end of period | $ 9,190 | $ 8,857 | $ 9,190 | $ 8,857 |
EMN Balance Sheet
2023-06-30UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets | ||
| Cash and cash equivalents | $ 410 | $ 493 |
| Trade receivables, net of allowance for credit losses | 923 | 957 |
| Miscellaneous receivables | 282 | 320 |
| Inventories | 1,960 | 1,894 |
| Other current assets | 96 | 114 |
| Total current assets | 3,671 | 3,778 |
| Properties | ||
| Properties and equipment at cost | 13,361 | 12,942 |
| Less: Accumulated depreciation | 7,959 | 7,782 |
| Net properties | 5,402 | 5,160 |
| Goodwill | 3,697 | 3,664 |
| Intangible assets, net of accumulated amortization | 1,180 | 1,210 |
| Other noncurrent assets | 821 | 855 |
| Total assets | 14,771 | 14,667 |
| Current liabilities | ||
| Payables and other current liabilities | 1,943 | 2,125 |
| Borrowings due within one year | 844 | 1,126 |
| Total current liabilities | 2,787 | 3,251 |
| Long-term borrowings | 4,593 | 4,025 |
| Deferred income tax liabilities | 573 | 671 |
| Post-employment obligations | 622 | 628 |
| Other long-term liabilities | 844 | 856 |
| Total liabilities | $ 9,419 | $ 9,431 |
| Common stock, shares issued (in shares) | 222,729,135 | 222,348,557 |
| Common stock, par value (in dollars per share) | $ 0.01 | |
| Stockholders' equity | ||
| Common stock ($0.01 par value – 350,000,000 shares authorized; shares issued – 222,729,135 and 222,348,557 as of June 30, 2023 and December 31, 2022, respectively) | $ 2 | $ 2 |
| Additional paid-in capital | 2,342 | 2,315 |
| Retained earnings | 9,190 | 8,973 |
| Accumulated other comprehensive income (loss) | (271) | (205) |
| Stockholder's Equity before Treasury Stock | 11,263 | 11,085 |
| Less: Treasury stock at cost (104,224,199 and 103,602,488 shares as of June 30, 2023 and December 31, 2022, respectively) | 5,982 | 5,932 |
| Total Eastman stockholders' equity | 5,281 | 5,153 |
| Noncontrolling interest | 71 | 83 |
| Total equity | 5,352 | 5,236 |
| Total liabilities and stockholders' equity | $ 14,771 | $ 14,667 |
| Treasury stock at cost (in shares) | 104,224,199 | 103,602,488 |
| Common stock, shares authorized (in shares) | 350,000,000 |
Eastman Chemical Company operates as a specialty materials company in the United States and internationally. The company's Additives & Functional Products segment offers hydrocarbon and rosin resins; organic acid-based solutions; amine derivative-based building blocks; metam-based soil fumigants, thiram and ziram based fungicides, and plant growth regulators; specialty coalescent, specialty and commodity solvents, paint additives, and specialty polymers; heat transfer and aviation fluids; insoluble sulfur and anti-degradant rubber additives; and performance resins. It serves transportation, personal care, wellness, food, feed, agriculture, building and construction, water treatment, energy, consumables, durables, and electronics markets. Its Advanced Materials segment provides copolyesters, cellulosic biopolymers, cellulose esters, polyvinyl butyral (PVB) sheets, and window and protective films, and aftermarket applied film products for value-added end uses in the transportation, durables, electronics, building and construction, medical and pharma, and consumables markets. The company's Chemical Intermediates segment offers methylamines and salts higher amines and solvents; Olefin and acetyl derivatives, ethylene, and commodity solvents; and primary non-phthalate and phthalate plasticizers, and niche non- phthalate plasticizers to the industrial chemicals and processing, building and construction, health and wellness, and agrochemicals. Its Fibers segment provides cellulose acetate tow, triacetin, cellulose acetate flake, acetic acid, and acetic anhydride for use in filtration media primarily cigarette filters; natural and solution dyed acetate yarns for use in consumables, and health and wellness markets; and wet-laid nonwoven media, specialty and engineered papers, and cellulose acetate fibers for transportation, industrial, agriculture and mining, and aerospace markets. Eastman Chemical Company was founded in 1920 and is headquartered in Kingsport, Tennessee.