EASTMAN CHEMICAL CO
For the period ended Dec 31, 2023. Filed Feb 14, 2024.
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FY2023 · Filed Feb 14, 2024
EMN$65.45+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Financial Position
| December 31, | December 31, | |
|---|---|---|
| (Dollars in millions, except per share amounts) | 2023 | 2022 |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $548 | $493 |
| Trade receivables, net of allowance for credit losses | 826 | 957 |
| Miscellaneous receivables | 328 | 320 |
| Inventories | 1,683 | 1,894 |
| Other current assets | 96 | 114 |
| Total current assets | 3,481 | 3,778 |
| Properties | ||
| Properties and equipment at cost | 13,574 | 12,942 |
| Less: Accumulated depreciation | 8,026 | 7,782 |
| Net properties | 5,548 | 5,160 |
| Goodwill | 3,646 | 3,664 |
| Intangible assets, net of accumulated amortization | 1,138 | 1,210 |
| Other noncurrent assets | 820 | 855 |
| Total assets | $14,633 | $14,667 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities | ||
| Payables and other current liabilities | $2,035 | $2,125 |
| Borrowings due within one year | 541 | 1,126 |
| Total current liabilities | 2,576 | 3,251 |
| Long-term borrowings | 4,305 | 4,025 |
| Deferred income tax liabilities | 601 | 671 |
| Post-employment obligations | 667 | 628 |
| Other long-term liabilities | 954 | 856 |
| Total liabilities | 9,103 | 9,431 |
| Commitments and contingencies (Note 12) | ||
| Stockholders' equity | ||
| Common stock ($0.01 par value per share – 350,000,000 shares authorized; shares issued – 222,762,317 and 222,348,557 on December 31, 2023 and 2022, respectively) | 2 | 2 |
| Additional paid-in capital | 2,368 | 2,315 |
| Retained earnings | 9,490 | 8,973 |
| Accumulated other comprehensive loss | (319) | (205) |
| 11,541 | 11,085 | |
| Less: Treasury stock at cost (105,469,354 and 103,602,488 shares on December 31, 2023 and 2022, respectively) | 6,083 | 5,932 |
| Total Eastman stockholders' equity | 5,458 | 5,153 |
| Noncontrolling interest | 72 | 83 |
| Total equity | 5,530 | 5,236 |
| Total liabilities and stockholders' equity | $14,633 | $14,667 |
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