EASTMAN CHEMICAL CO
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 14, 2025
EMN$65.45+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Earnings, Comprehensive Income and Retained Earnings
CONSOLIDATED STATEMENTS OF EARNINGS,
COMPREHENSIVE INCOME AND RETAINED EARNINGS
| For years ended December 31, | |||
|---|---|---|---|
| (Dollars in millions, except per share amounts) | 2024 | 2023 | 2022 |
| Sales | $9,382 | $9,210 | $10,580 |
| Cost of sales | 7,092 | 7,149 | 8,443 |
| Gross profit | 2,290 | 2,061 | 2,137 |
| Selling, general and administrative expenses | 736 | 727 | 726 |
| Research and development expenses | 250 | 239 | 264 |
| Asset impairments, restructuring, and other charges, net | 51 | 37 | 52 |
| Other components of post-employment (benefit) cost, net | (72) | 41 | (101) |
| Other (income) charges, net | 47 | 38 | (6) |
| Net (gain) loss on divested businesses | — | (323) | 43 |
| Earnings before interest and taxes | 1,278 | 1,302 | 1,159 |
| Net interest expense | 200 | 215 | 182 |
| Earnings before income taxes | 1,078 | 1,087 | 977 |
| Provision for income taxes | 170 | 191 | 181 |
| Net earnings | 908 | 896 | 796 |
| Less: Net earnings attributable to noncontrolling interest | 3 | 2 | 3 |
| Net earnings attributable to Eastman | $905 | $894 | $793 |
| Basic earnings per share attributable to Eastman | $7.75 | $7.54 | $6.42 |
| Diluted earnings per share attributable to Eastman | $7.67 | $7.49 | $6.35 |
| Comprehensive Income | |||
|---|---|---|---|
| Net earnings including noncontrolling interest | $908 | $896 | $796 |
| Other comprehensive income (loss), net of tax: | |||
| Change in cumulative translation adjustment | (20) | (67) | 7 |
| Defined benefit pension and other postretirement benefit plans: | |||
| Amortization of unrecognized prior service credits included in net periodic costs | (8) | (21) | (27) |
| Derivatives and hedging: | |||
| Unrealized gain (loss) during period | 18 | (27) | 53 |
| Reclassification adjustment for (gains) losses included in net income, net | 15 | 1 | (56) |
| Total other comprehensive income (loss), net of tax | 5 | (114) | (23) |
| Comprehensive income including noncontrolling interest | 913 | 782 | 773 |
| Less: Comprehensive income attributable to noncontrolling interest | 3 | 2 | 3 |
| Comprehensive income attributable to Eastman | $910 | $780 | $770 |
| Retained Earnings | |||
| Retained earnings at beginning of period | $9,490 | $8,973 | $8,557 |
| Net earnings attributable to Eastman | 905 | 894 | 793 |
| Cash dividends declared | (382) | (377) | (377) |
| Retained earnings at end of period | $10,013 | $9,490 | $8,973 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.