$EMN
EASTMAN CHEMICAL CO

2013 Q1 Form 10-Q Financial Statement

#000091538913000021 Filed on April 30, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $2.307B $1.821B
YoY Change 26.69% 3.58%
Cost Of Revenue $1.691B $1.390B
YoY Change 21.65% 6.92%
Gross Profit $616.0M $431.0M
YoY Change 42.92% -5.9%
Gross Profit Margin 26.7% 23.67%
Selling, General & Admin $171.0M $126.0M
YoY Change 35.71% 16.67%
% of Gross Profit 27.76% 29.23%
Research & Development $49.00M $41.00M
YoY Change 19.51% 13.89%
% of Gross Profit 7.95% 9.51%
Depreciation & Amortization $110.0M $69.00M
YoY Change 59.42% 1.47%
% of Gross Profit 17.86% 16.01%
Operating Expenses $220.0M $167.0M
YoY Change 31.74% 15.97%
Operating Profit $393.0M $264.0M
YoY Change 48.86% -15.92%
Interest Expense -$50.00M -$15.00M
YoY Change 233.33% 25.0%
% of Operating Profit -12.72% -5.68%
Other Income/Expense, Net -$1.000M $0.00
YoY Change -100.0%
Pretax Income $345.0M $245.0M
YoY Change 40.82% -18.6%
Income Tax $97.00M $85.00M
% Of Pretax Income 28.12% 34.69%
Net Earnings $247.0M $158.0M
YoY Change 56.33% -34.17%
Net Earnings / Revenue 10.71% 8.68%
Basic Earnings Per Share $1.60 $1.15
Diluted Earnings Per Share $1.57 $1.12
COMMON SHARES
Basic Shares Outstanding 154.4M shares 137.3M shares
Diluted Shares Outstanding 156.7M shares 140.7M shares

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $178.0M $649.0M
YoY Change -72.57% -22.74%
Cash & Equivalents $178.0M $569.0M
Short-Term Investments $80.00M
Other Short-Term Assets $86.00M $39.00M
YoY Change 120.51% 25.81%
Inventory $1.301B $768.0M
Prepaid Expenses
Receivables $990.0M $740.0M
Other Receivables $182.0M $68.00M
Total Short-Term Assets $2.737B $2.264B
YoY Change 20.89% -6.98%
LONG-TERM ASSETS
Property, Plant & Equipment $4.154B $3.136B
YoY Change 32.46% 8.66%
Goodwill $2.635B
YoY Change
Intangibles $1.842B
YoY Change
Long-Term Investments
YoY Change
Other Assets $319.0M $383.0M
YoY Change -16.71% 23.15%
Total Long-Term Assets $8.950B $3.927B
YoY Change 127.91% 9.85%
TOTAL ASSETS
Total Short-Term Assets $2.737B $2.264B
Total Long-Term Assets $8.950B $3.927B
Total Assets $11.69B $6.191B
YoY Change 88.77% 3.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $687.0M $512.0M
YoY Change 34.18% -11.72%
Accrued Expenses $132.0M $77.00M
YoY Change 71.43% -29.36%
Deferred Revenue
YoY Change
Short-Term Debt $4.000M $0.00
YoY Change
Long-Term Debt Due $151.0M
YoY Change 2057.14%
Total Short-Term Liabilities $1.293B $997.0M
YoY Change 29.69% -5.5%
LONG-TERM LIABILITIES
Long-Term Debt $4.779B $1.444B
YoY Change 230.96% -9.52%
Other Long-Term Liabilities $483.0M $1.502B
YoY Change -67.84% 14.22%
Total Long-Term Liabilities $5.262B $2.946B
YoY Change 78.62% 1.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.293B $997.0M
Total Long-Term Liabilities $5.262B $2.946B
Total Liabilities $8.499B $4.166B
YoY Change 104.01% -0.62%
SHAREHOLDERS EQUITY
Retained Earnings $3.239B $2.882B
YoY Change 12.39%
Common Stock $2.000M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.961B
YoY Change
Treasury Stock Shares 59.96M shares
Shareholders Equity $3.105B $2.025B
YoY Change
Total Liabilities & Shareholders Equity $11.69B $6.191B
YoY Change 88.77% 3.03%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income $247.0M $158.0M
YoY Change 56.33% -34.17%
Depreciation, Depletion And Amortization $110.0M $69.00M
YoY Change 59.42% 1.47%
Cash From Operating Activities $5.000M $19.00M
YoY Change -73.68% -113.01%
INVESTING ACTIVITIES
Capital Expenditures $87.00M $90.00M
YoY Change -3.33% -190.91%
Acquisitions $0.00 $10.00M
YoY Change -100.0%
Other Investing Activities $0.00 $35.00M
YoY Change -100.0% -91.38%
Cash From Investing Activities -$83.00M -$10.00M
YoY Change 730.0% -103.26%
FINANCING ACTIVITIES
Cash Dividend Paid $1.000M $36.00M
YoY Change -97.22%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $200.0M $0.00
YoY Change
Cash From Financing Activities $10.00M -$17.00M
YoY Change -158.82% -54.05%
NET CHANGE
Cash From Operating Activities $5.000M $19.00M
Cash From Investing Activities -$83.00M -$10.00M
Cash From Financing Activities $10.00M -$17.00M
Net Change In Cash -$68.00M -$8.000M
YoY Change 750.0% -106.45%
FREE CASH FLOW
Cash From Operating Activities $5.000M $19.00M
Capital Expenditures $87.00M $90.00M
Free Cash Flow -$82.00M -$71.00M
YoY Change 15.49% 51.06%

Facts In Submission

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CY2013Q1 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
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<div style="font-family:Times New Roman;font-size:10pt;"><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><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 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;In January 2013, the Financial Accounting Standards Board released additional guidance to clarify the scope of the 2011 guidance to be inclusive of derivatives (including bifurcated embedded derivatives), repurchase and reverse repurchase agreements, and securities borrowing and securities lending arrangements. Both standards are effective for reporting periods beginning on or after January 1, 2013.&#160;&#160;Since this new guidance affected disclosure requirements only, the Company has concluded that it did not have a material impact on the Company's financial position or results of operations. </font></div><div style="line-height:120%;text-align:left;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 February 2013, the Financial Accounting Standards Board issued accounting guidance to enhance the disclosure of amounts reclassified out of accumulated other comprehensive income. The new disclosure guidelines require the presentation of significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income in the event the amount reclassified is required to be reclassified in its entirety in the same reporting period. The presentation can be on the face of the statement where net income is presented or in the notes and reported by component. For amounts not required to be reclassified in its entirety in the same reporting period to net income, an entity is required to cross-reference other required disclosures. This guidance is effective prospectively for reporting periods beginning after December 15, 2012. Since this new guidance affected disclosure requirements only, the Company has concluded that it did not have a material impact on the Company's financial position or results of operations. </font></div><div style="line-height:120%;text-align:left;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 February 2013, the Financial Accounting Standards Board issued accounting guidance, given divergence in practice, covering loss contingencies that are joint and several liability arrangements for which the settlement amount is fixed and is not covered by other Generally Accepted Accounting Principles. Under the new requirements, an entity is to measure the obligation as the amount the entity agreed to pay on the basis of its arrangement among its co-obligors and any additional amount the entity expects to pay on behalf of it co-obligors. This guidance is effective for reporting periods beginning after December 15, 2013. The Company has concluded that this new guidance will not have a material impact on the Company's financial position or results of operations. </font></div><div style="line-height:120%;text-align:left;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 March 2013, the Financial Accounting Standards Board issued amended accounting guidance to addresses the release of cumulative translation adjustments into net income when a reporting entity (parent) ceases to have a controlling financial interest in a subsidiary or group of assets that is a business (other than an in-substance real estate sale or oil/gas mineral rights) within a foreign entity. The cumulative translation adjustments should be released into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. Additionally, in the event of a step acquisition when the acquirer obtains control of an acquiree in which it held an equity interest immediately prior to the acquisition, the cumulative translation adjustments would be released into net income. This guidance is effective prospectively for reporting periods beginning after December 15, 2013. The Company has concluded that this new guidance will not have a material impact on the Company's financial position or results of operations.</font></div></div>
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
345000000 USD
CY2012Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
245000000 USD
CY2012Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
160000000 USD
CY2013Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
248000000 USD
CY2012Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.13
CY2013Q1 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.57
CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
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CY2013Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
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CY2012Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
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CY2012Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
85000000 USD
CY2013Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
97000000 USD
CY2013Q1 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
10000000 USD
CY2013Q1 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
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CY2012Q1 us-gaap Increase Decrease In Accounts Payable Trade
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CY2012Q1 us-gaap Increase Decrease In Accounts Receivable
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103000000 USD
CY2013Q1 us-gaap Increase Decrease In Accounts Receivable
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155000000 USD
CY2012Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
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CY2013Q1 us-gaap Increase Decrease In Inventories
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53000000 USD
CY2012Q1 us-gaap Increase Decrease In Other Current Assets
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CY2013Q1 us-gaap Increase Decrease In Other Current Assets
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CY2012Q1 us-gaap Increase Decrease In Other Current Liabilities
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CY2013Q1 us-gaap Increase Decrease In Other Current Liabilities
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CY2013Q1 us-gaap Increase Decrease In Other Operating Assets
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23000000 USD
CY2012Q1 us-gaap Increase Decrease In Other Operating Assets
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CY2013Q1 us-gaap Intangible Assets Net Excluding Goodwill
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CY2012Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2012Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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CY2013Q1 us-gaap Interest Income Expense Net
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CY2012Q4 us-gaap Interest Payable Current
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CY2013Q1 us-gaap Interest Payable Current
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CY2013Q1 us-gaap Inventory Finished Goods
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CY2012Q4 us-gaap Inventory Finished Goods
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CY2012Q4 us-gaap Inventory Gross
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CY2013Q1 us-gaap Inventory Gross
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CY2012Q4 us-gaap Inventory Lifo Reserve
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CY2013Q1 us-gaap Inventory Lifo Reserve
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506000000 USD
CY2013Q1 us-gaap Inventory Net
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1301000000 USD
CY2012Q4 us-gaap Inventory Net
InventoryNet
1260000000 USD
CY2013Q1 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
517000000 USD
CY2012Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
536000000 USD
CY2012Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
288000000 USD
CY2013Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
301000000 USD
CY2012Q4 us-gaap Liabilities
Liabilities
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CY2013Q1 us-gaap Liabilities
Liabilities
8499000000 USD
CY2013Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
11687000000 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
11619000000 USD
CY2013Q1 us-gaap Liabilities Current
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CY2012Q4 us-gaap Liabilities Current
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CY2013Q1 us-gaap Long Term Debt
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CY2012Q4 us-gaap Long Term Debt
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CY2012Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
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CY2013Q1 us-gaap Long Term Debt Noncurrent
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CY2013Q1 us-gaap Minority Interest
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CY2012Q4 us-gaap Minority Interest
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CY2013Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2013Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2012Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2012Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2013Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2012Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2013Q1 us-gaap Net Income Loss
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CY2012Q1 us-gaap Net Income Loss
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CY2012Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2013Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2013Q1 us-gaap Number Of Operating Segments
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5
CY2013Q1 us-gaap Objectives For Using Derivative Instruments
ObjectivesForUsingDerivativeInstruments
The Company is exposed to market risk, such as changes in currency exchange rates, commodity prices, 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.
CY2012Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2013Q1 us-gaap Other Assets Current
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CY2012Q4 us-gaap Other Assets Current
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CY2012Q4 us-gaap Other Assets Noncurrent
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CY2013Q1 us-gaap Other Assets Noncurrent
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CY2013Q1 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
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CY2012 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
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CY2012Q1 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax
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6000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Cost Credit Arising During Period Before Tax
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6000000 USD
CY2012Q1 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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5000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax
4000000 USD
CY2012 us-gaap Other Comprehensive Income Defined Benefit Plan Net Prior Service Costs Credit Arising During Period Net Of Tax
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CY2013Q1 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
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CY2012Q1 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
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CY2012Q1 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
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CY2013Q1 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
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CY2012 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
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CY2012Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
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CY2013Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
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CY2013Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2012Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
15000000 USD
CY2012 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
41000000 USD
CY2012Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
15000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2012 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2013Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeBeforeTax
3000000 USD
CY2012Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeBeforeTax
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CY2013Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
2000000 USD
CY2012Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment On Derivatives Included In Net Income Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax
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CY2013Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
23000000 USD
CY2012Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
16000000 USD
CY2013Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
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CY2012Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
10000000 USD
CY2013Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
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CY2012Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
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CY2013Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
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CY2013Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2012Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2012Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
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CY2013Q1 us-gaap Other Receivables
OtherReceivables
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CY2012Q4 us-gaap Other Receivables
OtherReceivables
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CY2013Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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CY2012Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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CY2013Q1 us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
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CY2012Q1 us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
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CY2013Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
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CY2012Q1 us-gaap Payments Of Dividends
PaymentsOfDividends
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CY2013Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
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CY2012Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
0 USD
CY2012Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
10000000 USD
CY2013Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
87000000 USD
CY2012Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
90000000 USD
CY2013Q1 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
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CY2012Q1 us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
1000000 USD
CY2012Q4 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent
62000000 USD
CY2013Q1 us-gaap Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent
61000000 USD
CY2012Q1 us-gaap Pension Contributions
PensionContributions
25000000 USD
CY2013Q1 us-gaap Pension Contributions
PensionContributions
11000000 USD
CY2013Q1 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.60
CY2012Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.60
CY2012Q4 us-gaap Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
1856000000 USD
CY2013Q1 us-gaap Postemployment Benefits Liability Noncurrent
PostemploymentBenefitsLiabilityNoncurrent
1840000000 USD
CY2013Q1 us-gaap Price Risk Cash Flow Hedge Unrealized Gain Loss To Be Reclassified During Next12 Months
PriceRiskCashFlowHedgeUnrealizedGainLossToBeReclassifiedDuringNext12Months
5000000 USD
CY2012Q2 us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
2300000000 USD
CY2013Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2012Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
5000000 USD
CY2013Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
46000000 USD
CY2012Q1 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
15000000 USD
CY2013Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
200000000 USD
CY2012Q1 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
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CY2012Q1 us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
120000000 USD
CY2013Q1 us-gaap Proceeds From Sale And Maturity Of Other Investments
ProceedsFromSaleAndMaturityOfOtherInvestments
0 USD
CY2012Q1 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
6000000 USD
CY2013Q1 us-gaap Proceeds From Sales Of Assets Investing Activities
ProceedsFromSalesOfAssetsInvestingActivities
5000000 USD
CY2013Q1 us-gaap Profit Loss
ProfitLoss
248000000 USD
CY2012Q1 us-gaap Profit Loss
ProfitLoss
159000000 USD
CY2013Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9684000000 USD
CY2012Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
9681000000 USD
CY2013Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4154000000 USD
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4181000000 USD
CY2013Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
200000000 USD
CY2012Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
CY2013Q1 us-gaap Restructuring Reserve
RestructuringReserve
22000000 USD
CY2012 us-gaap Restructuring Reserve Settled With Cash
RestructuringReserveSettledWithCash
34000000 USD
CY2013Q1 us-gaap Restructuring Reserve Settled With Cash
RestructuringReserveSettledWithCash
5000000 USD
CY2012 us-gaap Restructuring Reserve Settled Without Cash
RestructuringReserveSettledWithoutCash
63000000 USD
CY2013Q1 us-gaap Restructuring Reserve Settled Without Cash
RestructuringReserveSettledWithoutCash
1000000 USD
CY2013Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
49000000 USD
CY2012Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
41000000 USD
CY2012 us-gaap Restructuring Charges
RestructuringCharges
120000000 USD
CY2013Q1 us-gaap Restructuring Charges
RestructuringCharges
3000000 USD
CY2011Q4 us-gaap Restructuring Reserve
RestructuringReserve
2000000 USD
CY2012Q4 us-gaap Restructuring Reserve
RestructuringReserve
25000000 USD
CY2013Q1 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
3000000 USD
CY2012Q1 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
0 USD
CY2013Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
3239000000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
3038000000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2760000000 USD
CY2012Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2882000000 USD
CY2013Q1 us-gaap Revenues
Revenues
2307000000 USD
CY2012Q1 us-gaap Revenues
Revenues
1821000000 USD
CY2012Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1821000000 USD
CY2013Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
2307000000 USD
CY2012Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
126000000 USD
CY2013Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
171000000 USD
CY2012Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
4000000 USD
CY2013Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
4000000 USD
CY2013Q1 us-gaap Significant Purchase Commitment Description
SignificantPurchaseCommitmentDescription
over a period of approximately 15 years for materials, supplies, and energy incident to the ordinary conduct of business.
CY2013Q1 us-gaap Significant Purchase Commitment Remaining Minimum Amount Committed
SignificantPurchaseCommitmentRemainingMinimumAmountCommitted
2600000000 USD
CY2013Q1 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
16000000 USD
CY2013Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
11000000 USD
CY2013Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
5000000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
2943000000 USD
CY2013Q1 us-gaap Stockholders Equity
StockholdersEquity
3105000000 USD
CY2013Q1 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
5066000000 USD
CY2012Q4 us-gaap Stockholders Equity Before Treasury Stock
StockholdersEquityBeforeTreasuryStock
4872000000 USD
CY2013Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3188000000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3028000000 USD
CY2013Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
112000000 USD
CY2012Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
59511662 shares
CY2013Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
1000000 USD
CY2012Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
76000000 USD
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
154400000 shares
CY2012Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
137300000 shares
CY2013Q1 emn Accumulated Other Comprehensive Income Loss Unrealized Gain Loss From Cash Flow Hedges Before Tax
AccumulatedOtherComprehensiveIncomeLossUnrealizedGainLossFromCashFlowHedgesBeforeTax
-49000000 USD
CY2012Q1 emn Accumulated Other Comprehensive Income Loss Unrealized Gain Loss From Cash Flow Hedges Before Tax
AccumulatedOtherComprehensiveIncomeLossUnrealizedGainLossFromCashFlowHedgesBeforeTax
-3000000 USD
CY2012Q3 emn Class Of Warrant Or Right Cash Consideration Received Upon Exercise Of Warrant Or Right Per Warrant
ClassOfWarrantOrRightCashConsiderationReceivedUponExerciseOfWarrantOrRightPerWarrant
22.00
CY2012Q3 emn Class Of Warrant Or Right Number Of Securities Called By Warrants Or Right Per Warrant
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRightPerWarrant
0.12 shares
CY2013Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
59957162 shares
CY2012Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2013Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
445500 shares
CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1929000000 USD
CY2013Q1 us-gaap Treasury Stock Value
TreasuryStockValue
1961000000 USD
CY2013Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
32000000 USD
CY2012Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
140700000 shares
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
156700000 shares
CY2012Q4 emn Derivative Nonmonetary Notional Amount Feedstock
DerivativeNonmonetaryNotionalAmountFeedstock
3000000 bbl
CY2013Q1 emn Derivative Nonmonetary Notional Amount Feedstock
DerivativeNonmonetaryNotionalAmountFeedstock
2000000 bbl
CY2013Q1 emn Increase Decrease In Other Noncurrent Liabilities And Equity
IncreaseDecreaseInOtherNoncurrentLiabilitiesAndEquity
-51000000 USD
CY2012Q1 emn Increase Decrease In Other Noncurrent Liabilities And Equity
IncreaseDecreaseInOtherNoncurrentLiabilitiesAndEquity
-26000000 USD
CY2012Q4 emn Nonmonetary Notional Amount Of Derivative Raw Material Contracts In Thousand Tons
NonmonetaryNotionalAmountOfDerivativeRawMaterialContractsInThousandTons
49000
CY2013Q1 emn Nonmonetary Notional Amount Of Derivative Raw Material Contracts In Thousand Tons
NonmonetaryNotionalAmountOfDerivativeRawMaterialContractsInThousandTons
78000
CY2012Q4 emn Notional Amount Of Foreign Exchange Forwardand Option Contracts Eur
NotionalAmountOfForeignExchangeForwardandOptionContractsEur
480000000 EUR
CY2013Q1 emn Notional Amount Of Foreign Exchange Forwardand Option Contracts Eur
NotionalAmountOfForeignExchangeForwardandOptionContractsEur
730000000 USD
CY2012Q4 emn Notional Amount Of Foreign Exchange Forwardand Option Contracts Eur
NotionalAmountOfForeignExchangeForwardandOptionContractsEur
635000000 USD
CY2013Q1 emn Notional Amount Of Foreign Exchange Forwardand Option Contracts Eur
NotionalAmountOfForeignExchangeForwardandOptionContractsEur
567000000 EUR
CY2013Q1 emn Notionalamountofforeignexchangeforwardand Optioncontractsjpy
NotionalamountofforeignexchangeforwardandOptioncontractsjpy
40000000 USD
CY2012Q4 emn Notionalamountofforeignexchangeforwardand Optioncontractsjpy
NotionalamountofforeignexchangeforwardandOptioncontractsjpy
35000000 USD
CY2012Q4 emn Notionalamountofforeignexchangeforwardand Optioncontractsjpy
NotionalamountofforeignexchangeforwardandOptioncontractsjpy
3200000000 JPY
CY2013Q1 emn Notionalamountofforeignexchangeforwardand Optioncontractsjpy
NotionalamountofforeignexchangeforwardandOptioncontractsjpy
3600000000 JPY
CY2013Q1 emn Operating Lease Commitments Cancelable Noncancelable
OperatingLeaseCommitmentsCancelableNoncancelable
220000000 USD
CY2013Q1 emn Operating Lease Commitments Machinery And Equipment Percentage
OperatingLeaseCommitmentsMachineryAndEquipmentPercentage
0.05
CY2013Q1 emn Operating Lease Commitments Railcars Percentage
OperatingLeaseCommitmentsRailcarsPercentage
0.35
CY2013Q1 emn Operating Lease Commitments Real Property Percentage
OperatingLeaseCommitmentsRealPropertyPercentage
0.60
CY2013Q1 emn Pension And Other Postretirement Benefits Contributions In Excess Of Less Than Expenses
PensionAndOtherPostretirementBenefitsContributionsInExcessOfLessThanExpenses
25000000 USD
CY2012Q1 emn Pension And Other Postretirement Benefits Contributions In Excess Of Less Than Expenses
PensionAndOtherPostretirementBenefitsContributionsInExcessOfLessThanExpenses
27000000 USD
CY2012Q1 emn Variable Cash Compensation In Excess Of Less Than Expenses
VariableCashCompensationInExcessOfLessThanExpenses
71000000 USD
CY2013Q1 emn Variable Cash Compensation In Excess Of Less Than Expenses
VariableCashCompensationInExcessOfLessThanExpenses
57000000 USD
CY2013Q1 dei Amendment Flag
AmendmentFlag
false
CY2013Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2013Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013Q1 dei Document Period End Date
DocumentPeriodEndDate
2013-03-31
CY2013Q1 dei Document Type
DocumentType
10-Q
CY2013Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000915389
CY2013Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
154844956 shares
CY2013Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2012Q4 dei Entity Public Float
EntityPublicFloat
7718806138 USD
CY2013Q1 dei Entity Registrant Name
EntityRegistrantName
EASTMAN CHEMICAL CO
CY2013Q1 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013Q1 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

Files In Submission

Name View Source Status
0000915389-13-000021-index-headers.html Edgar Link pending
0000915389-13-000021-index.html Edgar Link pending
0000915389-13-000021.txt Edgar Link pending
0000915389-13-000021-xbrl.zip Edgar Link pending
eastmanlogo.jpg Edgar Link pending
emn-20130331.xml Edgar Link completed
emn-20130331.xsd Edgar Link pending
emn-20130331_cal.xml Edgar Link unprocessable
emn-20130331_def.xml Edgar Link unprocessable
emn-20130331_lab.xml Edgar Link unprocessable
emn-20130331_pre.xml Edgar Link unprocessable
emn2013033110q.htm Edgar Link pending
emnexhibit100113q1.htm Edgar Link pending
emnexhibit120113q1.htm Edgar Link pending
emnexhibit310113q1.htm Edgar Link pending
emnexhibit310213q1.htm Edgar Link pending
emnexhibit320113q1.htm Edgar Link pending
emnexhibit320213q1.htm Edgar Link pending
emnexhibit990113q12012data.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
materialflow.jpg Edgar Link pending
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rawcostofoperation.jpg Edgar Link pending
regions.jpg Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending