2012 Q3 Form 10-Q Financial Statement

#000091538912000107 Filed on October 31, 2012

View on sec.gov

Income Statement

Concept 2012 Q3 2011 Q3 2011 Q2
Revenue $2.259B $1.812B $1.885B
YoY Change 24.67% 20.24% 25.5%
Cost Of Revenue $1.734B $1.379B $1.411B
YoY Change 25.74% 27.1% 26.21%
Gross Profit $525.0M $433.0M $474.0M
YoY Change 21.25% 0.7% 21.54%
Gross Profit Margin 23.24% 23.9% 25.15%
Selling, General & Admin $173.0M $114.0M $118.0M
YoY Change 51.75% 0.0% 15.69%
% of Gross Profit 32.95% 26.33% 24.89%
Research & Development $52.00M $41.00M $38.00M
YoY Change 26.83% -2.38% 15.15%
% of Gross Profit 9.9% 9.47% 8.02%
Depreciation & Amortization $112.0M $69.00M $67.00M
YoY Change 62.32% -5.48% -4.29%
% of Gross Profit 21.33% 15.94% 14.14%
Operating Expenses $225.0M $155.0M $156.0M
YoY Change 45.16% -0.64% 15.56%
Operating Profit $263.0M $271.0M $318.0M
YoY Change -2.95% -1.09% 24.71%
Interest Expense -$45.00M -$17.00M -$14.00M
YoY Change 164.71% -15.0% -54.84%
% of Operating Profit -17.11% -6.27% -4.4%
Other Income/Expense, Net $6.000M $3.000M $1.000M
YoY Change 100.0% -250.0% -200.0%
Pretax Income $221.0M $254.0M $320.0M
YoY Change -12.99% 4.1% 49.53%
Income Tax $64.00M $80.00M $101.0M
% Of Pretax Income 28.96% 31.5% 31.56%
Net Earnings $154.0M $174.0M $220.0M
YoY Change -11.49% -1.14% 42.86%
Net Earnings / Revenue 6.82% 9.6% 11.67%
Basic Earnings Per Share $1.01 $1.25 $1.55
Diluted Earnings Per Share $0.99 $1.22 $1.51
COMMON SHARES
Basic Shares Outstanding 152.9M shares 139.1M shares
Diluted Shares Outstanding 156.4M shares 142.4M shares

Balance Sheet

Concept 2012 Q3 2011 Q3 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $237.0M $649.0M $834.0M
YoY Change -63.48% 1.09% 91.72%
Cash & Equivalents $237.0M $448.0M $634.0M
Short-Term Investments $0.00 $201.0M $200.0M
Other Short-Term Assets $95.00M $49.00M $42.00M
YoY Change 93.88% 22.5% 40.0%
Inventory $1.269B $850.0M $748.0M
Prepaid Expenses
Receivables $954.0M $711.0M $769.0M
Other Receivables $118.0M $95.00M $115.0M
Total Short-Term Assets $2.673B $2.354B $2.508B
YoY Change 13.55% 12.04% 31.38%
LONG-TERM ASSETS
Property, Plant & Equipment $4.113B $3.058B $2.919B
YoY Change 34.5% -3.41% -7.48%
Goodwill $2.367B
YoY Change
Intangibles $1.882B
YoY Change
Long-Term Investments
YoY Change
Other Assets $610.0M $361.0M $308.0M
YoY Change 68.98% 4.64% -14.21%
Total Long-Term Assets $8.972B $3.829B $3.606B
YoY Change 134.32% -1.52% -7.3%
TOTAL ASSETS
Total Short-Term Assets $2.673B $2.354B $2.508B
Total Long-Term Assets $8.972B $3.829B $3.606B
Total Assets $11.65B $6.183B $6.114B
YoY Change 88.34% 3.24% 5.43%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $722.0M $615.0M $646.0M
YoY Change 17.4% 20.35% 19.63%
Accrued Expenses $191.0M $143.0M $129.0M
YoY Change 33.57% -18.29% -4.44%
Deferred Revenue
YoY Change
Short-Term Debt $120.0M $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $120.0M $154.0M $155.0M
YoY Change -22.08%
Total Short-Term Liabilities $1.464B $1.201B $1.192B
YoY Change 21.9% 27.77% 34.54%
LONG-TERM LIABILITIES
Long-Term Debt $4.865B $1.445B $1.446B
YoY Change 236.68% -9.8% -9.91%
Other Long-Term Liabilities $591.0M $1.387B $1.324B
YoY Change -57.39% 3.51% -1.63%
Total Long-Term Liabilities $5.456B $2.832B $2.770B
YoY Change 92.66% -3.74% -6.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.464B $1.201B $1.192B
Total Long-Term Liabilities $5.456B $2.832B $2.770B
Total Liabilities $8.635B $4.274B $4.207B
YoY Change 102.04% 2.27% 2.06%
SHAREHOLDERS EQUITY
Retained Earnings $3.139B $2.784B $2.646B
YoY Change 12.75%
Common Stock $2.000M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.929B
YoY Change
Treasury Stock Shares 59.51M shares
Shareholders Equity $3.010B $1.909B $1.907B
YoY Change
Total Liabilities & Shareholders Equity $11.65B $6.183B $6.114B
YoY Change 88.34% 3.24% 5.43%

Cashflow Statement

Concept 2012 Q3 2011 Q3 2011 Q2
OPERATING ACTIVITIES
Net Income $154.0M $174.0M $220.0M
YoY Change -11.49% -1.14% 42.86%
Depreciation, Depletion And Amortization $112.0M $69.00M $67.00M
YoY Change 62.32% -5.48% -4.29%
Cash From Operating Activities $353.0M $212.0M $207.0M
YoY Change 66.51% -32.91% 0.49%
INVESTING ACTIVITIES
Capital Expenditures -$121.0M -$129.0M -$112.0M
YoY Change -6.2% 118.64% 143.48%
Acquisitions
YoY Change
Other Investing Activities -$2.655B -$114.0M $32.00M
YoY Change 2228.95% 1528.57% -119.51%
Cash From Investing Activities -$2.776B -$243.0M -$80.00M
YoY Change 1042.39% 268.18% -61.9%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -342.0M -156.0M -133.0M
YoY Change 119.23% 262.79% 195.56%
NET CHANGE
Cash From Operating Activities 353.0M 212.0M 207.0M
Cash From Investing Activities -2.776B -243.0M -80.00M
Cash From Financing Activities -342.0M -156.0M -133.0M
Net Change In Cash -2.765B -187.0M -6.000M
YoY Change 1378.61% -190.34% -87.76%
FREE CASH FLOW
Cash From Operating Activities $353.0M $212.0M $207.0M
Capital Expenditures -$121.0M -$129.0M -$112.0M
Free Cash Flow $474.0M $341.0M $319.0M
YoY Change 39.0% -9.07% 26.59%

Facts In Submission

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us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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<div style="font-family:Times New Roman;font-size:10pt;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:36px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">20.</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">RECENTLY ISSUED ACCOUNTING STANDARDS</font></div></td></tr></table><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In December 2011, the Financial Accounting Standards Board and International Accounting Standards Board jointly issued amended accounting guidance to enhance disclosure requirements for instruments and transactions no longer eligible for offset in the statement of financial position as well as instruments and transactions subject to an agreement similar to a master netting arrangement.&#160;&#160;This guidance is effective for reporting periods beginning on or after January 1, 2013.&#160;&#160;The Company has concluded that no such netting has been in effect and that the change will have no impact on the Company's financial position or results of operations.</font></div></div>
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CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.40
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.99
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.35
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
2000000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
1000000 USD
CY2012Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.29
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.33
CY2011Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.31
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.32
CY2011Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
146000000 USD
CY2012Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
143000000 USD
CY2011Q4 us-gaap Environmental Costs Of Property For Sale Disposal Or Abandonment Accrued Exit Costs
EnvironmentalCostsOfPropertyForSaleDisposalOrAbandonmentAccruedExitCosts
6000000 USD
CY2012Q3 us-gaap Environmental Costs Of Property For Sale Disposal Or Abandonment Accrued Exit Costs
EnvironmentalCostsOfPropertyForSaleDisposalOrAbandonmentAccruedExitCosts
7000000 USD
us-gaap Gain Loss On Disposition Of Property
GainLossOnDispositionOfProperty
15000000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
70000000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
CY2012Q3 us-gaap Goodwill
Goodwill
2367000000 USD
CY2011Q4 us-gaap Goodwill
Goodwill
406000000 USD
CY2012Q3 us-gaap Gross Profit
GrossProfit
525000000 USD
us-gaap Gross Profit
GrossProfit
1437000000 USD
us-gaap Gross Profit
GrossProfit
1365000000 USD
CY2011Q3 us-gaap Gross Profit
GrossProfit
433000000 USD
CY2012Q3 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
110000000 USD
CY2012Q3 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
80000000 USD
CY2012Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
6000000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
6000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
730000000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
218000000 USD
CY2011Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
254000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
875000000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
490000000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
594000000 USD
CY2011Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
174000000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
154000000 USD
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
3.43
CY2011Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.25
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
4.22
CY2012Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.01
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
3.35
CY2012Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.99
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
4.12
CY2011Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.22
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.29
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
CY2011Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.00
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
240000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
281000000 USD
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
64000000 USD
CY2011Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
80000000 USD
CY2012Q3 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-5000000 USD
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-5000000 USD
CY2012Q3 us-gaap Income Tax Reconciliation Tax Settlements
IncomeTaxReconciliationTaxSettlements
-8000000 USD
us-gaap Income Tax Reconciliation Tax Settlements
IncomeTaxReconciliationTaxSettlements
-8000000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
34000000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
13000000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
63000000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
147000000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-30000000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-45000000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-3000000 USD
CY2012Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1882000000 USD
CY2011Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
101000000 USD
CY2011Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-20000000 USD
CY2012Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-48000000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-95000000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-57000000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
225000000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
15000000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-13000000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-18000000 USD
CY2012Q3 us-gaap Interest Payable Current
InterestPayableCurrent
48000000 USD
CY2011Q4 us-gaap Interest Payable Current
InterestPayableCurrent
26000000 USD
CY2011Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
777000000 USD
CY2012Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
940000000 USD
CY2011Q4 us-gaap Inventory Gross
InventoryGross
1369000000 USD
CY2012Q3 us-gaap Inventory Gross
InventoryGross
1785000000 USD
CY2011Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
590000000 USD
CY2012Q3 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
516000000 USD
CY2011Q4 us-gaap Inventory Net
InventoryNet
779000000 USD
CY2012Q3 us-gaap Inventory Net
InventoryNet
1269000000 USD
CY2012Q3 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
559000000 USD
CY2011Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
353000000 USD
CY2011Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
239000000 USD
CY2012Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
286000000 USD
CY2011Q4 us-gaap Liabilities
Liabilities
4314000000 USD
CY2012Q3 us-gaap Liabilities
Liabilities
8635000000 USD
CY2012Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
11645000000 USD
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6184000000 USD
CY2011Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1114000000 USD
CY2012Q3 us-gaap Liabilities Current
LiabilitiesCurrent
1464000000 USD
CY2011Q4 us-gaap Long Term Debt
LongTermDebt
1598000000 USD
CY2012Q3 us-gaap Long Term Debt
LongTermDebt
4985000000 USD
CY2011Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1656000000 USD
CY2012Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
5242000000 USD
CY2012Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4865000000 USD
CY2011Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1445000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-16000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2795000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
688000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
273000000 USD
us-gaap Net Income Loss
NetIncomeLoss
491000000 USD
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
174000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1765000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-326000000 USD
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
154000000 USD
us-gaap Net Income Loss
NetIncomeLoss
634000000 USD
CY2012Q3 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Cumulative Effect Of Change On Equity Or Net Assets
NewAccountingPronouncementOrChangeInAccountingPrincipleCumulativeEffectOfChangeOnEquityOrNetAssets
-676000000 USD
CY2011Q4 us-gaap Notional Amount Of Interest Rate Derivatives
NotionalAmountOfInterestRateDerivatives
200000000 USD
CY2012Q3 us-gaap Notional Amount Of Interest Rate Derivatives
NotionalAmountOfInterestRateDerivatives
0 USD
CY2012Q3 us-gaap Notional Amount Of Interest Rate Fair Value Hedge Derivatives
NotionalAmountOfInterestRateFairValueHedgeDerivatives
0 USD
CY2011Q4 us-gaap Notional Amount Of Interest Rate Fair Value Hedge Derivatives
NotionalAmountOfInterestRateFairValueHedgeDerivatives
0 USD
us-gaap Objectives For Using Derivative Instruments
ObjectivesForUsingDerivativeInstruments
The Company is exposed to market risk, such as changes in currency exchange rates, raw material and energy costs, and interest rates.  The Company uses various derivative financial instruments when appropriate pursuant to the Company's hedging policies to mitigate these market risk factors and their effect on the cash flows of the underlying transactions.  Designation is performed on a specific exposure basis to support hedge accounting.  The changes in fair value of these hedging instruments are offset in part or in whole by corresponding changes in the cash flows of the underlying exposures being hedged.  The Company does not hold or issue derivative financial instruments for trading purposes.
CY2011Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
271000000 USD
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
263000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
918000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
844000000 USD
CY2012Q3 us-gaap Other Assets Current
OtherAssetsCurrent
95000000 USD
CY2011Q4 us-gaap Other Assets Current
OtherAssetsCurrent
42000000 USD
CY2012Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
610000000 USD
CY2011Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
268000000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
0 USD
CY2011 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
0 USD
us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax
-17000000 USD
us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax
-30000000 USD
CY2011Q3 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax
-9000000 USD
CY2012Q3 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax
-5000000 USD
CY2011Q3 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
-5000000 USD
us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
-12000000 USD
CY2012Q3 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
-4000000 USD
us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
-18000000 USD
CY2011 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
-21000000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Tax
OtherComprehensiveIncomeDefinedBenefitPlansTax
5000000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Tax
OtherComprehensiveIncomeDefinedBenefitPlansTax
12000000 USD
CY2012Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Tax
OtherComprehensiveIncomeDefinedBenefitPlansTax
1000000 USD
CY2011Q3 us-gaap Other Comprehensive Income Defined Benefit Plans Tax
OtherComprehensiveIncomeDefinedBenefitPlansTax
4000000 USD
CY2012Q3 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease
-7000000 USD
CY2011Q3 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease
5000000 USD
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease
-28000000 USD
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease
-38000000 USD
CY2011 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPeriodIncreaseDecrease
-20000000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPeriodIncreaseDecrease
21000000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPeriodIncreaseDecrease
0 USD
CY2011Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPeriodIncreaseDecrease
-36000000 USD
CY2012Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPeriodIncreaseDecrease
30000000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
0 USD
CY2012Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
30000000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
21000000 USD
CY2011Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
-36000000 USD
CY2011 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
-15000000 USD
us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTax
0 USD
us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTax
0 USD
CY2012Q3 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTax
0 USD
CY2011Q3 us-gaap Other Comprehensive Income Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTax
0 USD
us-gaap Other Comprehensive Income Loss Before Tax Period Increase Decrease
OtherComprehensiveIncomeLossBeforeTaxPeriodIncreaseDecrease
-57000000 USD
us-gaap Other Comprehensive Income Loss Before Tax Period Increase Decrease
OtherComprehensiveIncomeLossBeforeTaxPeriodIncreaseDecrease
-75000000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Before Tax Period Increase Decrease
OtherComprehensiveIncomeLossBeforeTaxPeriodIncreaseDecrease
13000000 USD
CY2011Q3 us-gaap Other Comprehensive Income Loss Before Tax Period Increase Decrease
OtherComprehensiveIncomeLossBeforeTaxPeriodIncreaseDecrease
-37000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
-46000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
-29000000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
19000000 USD
CY2011Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
-36000000 USD
CY2011 us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecrease
-56000000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
28000000 USD
us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
29000000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
6000000 USD
CY2011Q3 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
1000000 USD
us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Before Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeBeforeTax
-1000000 USD
us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Before Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeBeforeTax
-8000000 USD
CY2012Q3 us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Before Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeBeforeTax
-7000000 USD
CY2011Q3 us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Before Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeBeforeTax
0 USD
CY2011Q3 us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
0 USD
CY2012Q3 us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
-4000000 USD
us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
-5000000 USD
us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
-1000000 USD
us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTax
0 USD
us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTax
3000000 USD
CY2011Q3 us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTax
0 USD
CY2012Q3 us-gaap Other Comprehensive Income Reclassification Adjustment On Derivatives Included In Net Income Tax
OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTax
3000000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-44000000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-53000000 USD
CY2012Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
-5000000 USD
CY2011Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
8000000 USD
CY2011Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
5000000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-33000000 USD
CY2012Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-3000000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-27000000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
0 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
20000000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
17000000 USD
CY2011Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
-3000000 USD
CY2012Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
2000000 USD
CY2011Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
134000000 USD
CY2012Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
591000000 USD
CY2012Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-19000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
14000000 USD
CY2011Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3000000 USD
CY2012Q3 us-gaap Other Receivables
OtherReceivables
118000000 USD
CY2011Q4 us-gaap Other Receivables
OtherReceivables
72000000 USD
CY2012Q3 us-gaap Other Short Term Investments
OtherShortTermInvestments
0 USD
CY2011Q4 us-gaap Other Short Term Investments
OtherShortTermInvestments
200000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
33000000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-27000000 USD
us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
0 USD
us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
292000000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
100000000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
107000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
333000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
297000000 USD
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us-gaap Significant Purchase Commitment Description
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CY2012Q3 emn Accrual For Environmental Loss Contingencies High Estimate
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CY2011Q4 emn Accrual For Environmental Loss Contingencies High Estimate
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29000000 USD
CY2012Q3 emn Accrual For Environmental Reserve
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399000000 USD
CY2011Q4 emn Accrual For Environmental Reserve
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39000000 USD
CY2011Q4 emn Accumulated Other Comprehensive Income Loss Unrealized Gain Loss From Cash Flow Hedges Before Tax
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emn Acquisitions Of And Investments In Joint Ventures
AcquisitionsOfAndInvestmentsInJointVentures
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emn Acquisitions Of And Investments In Joint Ventures
AcquisitionsOfAndInvestmentsInJointVentures
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emn Additional Capital Investment State Tax Credit
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8000000 USD
CY2011Q3 emn Additional Capital Investment State Tax Credit
AdditionalCapitalInvestmentStateTaxCredit
8000000 USD
CY2012Q3 emn Class Of Warrant Or Right Cash Consideration Received Upon Exercise Of Warrant Or Right Per Warrant
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CY2012Q3 emn Class Of Warrant Or Right Number Of Securities Called By Warrants Or Right Per Warrant
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CY2011Q4 emn Derivative Nonmonetary Notional Amount Energy
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CY2012Q3 emn Derivative Nonmonetary Notional Amount Energy
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0 MMBTU
CY2011Q4 emn Derivative Nonmonetary Notional Amount Feedstock
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CY2012Q3 emn Derivative Nonmonetary Notional Amount Feedstock
DerivativeNonmonetaryNotionalAmountFeedstock
2000000 bbl
CY2012Q3 emn Income Loss From Discontinued Operations Net Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetTaxPerDilutedShare
0.00
emn Income Loss From Discontinued Operations Net Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetTaxPerDilutedShare
0.28
emn Income Loss From Discontinued Operations Net Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetTaxPerDilutedShare
0.00
CY2011Q3 emn Income Loss From Discontinued Operations Net Tax Per Diluted Share
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CY2012Q3 emn Nonmonetary Notional Amount Of Derivative Raw Material Contracts In Thousand Tons
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0 T
CY2012Q3 emn Notional Amount Of Foreign Exchange Forwardand Option Contracts Eur
NotionalAmountOfForeignExchangeForwardandOptionContractsEur
510000000 USD
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NotionalAmountOfForeignExchangeForwardandOptionContractsEur
270000000 EUR
CY2012Q3 emn Notional Amount Of Foreign Exchange Forwardand Option Contracts Eur
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395000000 EUR
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350000000 USD
CY2012Q3 emn Notionalamountofforeignexchangeforwardand Optioncontractsjpy
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135000000 USD
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185000000 USD
emn Number Of Reportable Operating Segments
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4
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182000000 USD
CY2012Q3 emn Operating Lease Commitments Machinery And Equipment Percentage
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0.05
CY2012Q3 emn Operating Lease Commitments Railcars Percentage
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emn Pension And Other Postretirement Benefits Contributions In Excess Of Less Than Expenses
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emn Pension And Other Postretirement Benefits Contributions In Excess Of Less Than Expenses
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emn Proceeds From Sale Of Assets And Investments
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651000000 USD
emn Proceeds From Sale Of Assets And Investments
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7000000 USD
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CY2011 emn Transition Supply Agreement Revenues
TransitionSupplyAgreementRevenues
220000000 USD
emn Variable Cash Compensation In Excess Of Less Than Expenses
VariableCashCompensationInExcessOfLessThanExpenses
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dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Period End Date
DocumentPeriodEndDate
2012-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000915389
CY2012Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
153367116 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2011Q4 dei Entity Public Float
EntityPublicFloat
6964111202 USD
dei Entity Registrant Name
EntityRegistrantName
EASTMAN CHEMICAL CO
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

Files In Submission

Name View Source Status
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