EASTMAN CHEMICAL CO
For the period ended Dec 31, 2025. Filed Feb 13, 2026.
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FY2025 · Filed Feb 13, 2026
EMN$65.45+0.1%Stored close · as of Nov 10, 2026
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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) | 2025 | 2024 | 2023 |
| Sales | $8,752 | $9,382 | $9,210 |
| Cost of sales | 6,908 | 7,092 | 7,149 |
| Gross profit | 1,844 | 2,290 | 2,061 |
| Selling, general and administrative expenses | 658 | 736 | 727 |
| Research and development expenses | 255 | 250 | 239 |
| Asset impairments, restructuring, and other charges, net | 96 | 51 | 37 |
| Other components of post-employment (benefit) cost, net | (25) | (72) | 41 |
| Other (income) charges, net | 84 | 47 | 38 |
| Gain on divested business | — | — | (323) |
| Earnings before interest and taxes | 776 | 1,278 | 1,302 |
| Net interest expense | 208 | 200 | 215 |
| Earnings before income taxes | 568 | 1,078 | 1,087 |
| Provision for income taxes | 93 | 170 | 191 |
| Net earnings | 475 | 908 | 896 |
| Less: Net earnings attributable to noncontrolling interest | 1 | 3 | 2 |
| Net earnings attributable to Eastman | $474 | $905 | $894 |
| Basic earnings per share attributable to Eastman | $4.14 | $7.75 | $7.54 |
| Diluted earnings per share attributable to Eastman | $4.10 | $7.67 | $7.49 |
| Comprehensive Income | |||
|---|---|---|---|
| Net earnings including noncontrolling interest | $475 | $908 | $896 |
| Other comprehensive income (loss), net of tax: | |||
| Change in cumulative translation adjustment | 34 | (20) | (67) |
| Defined benefit pension and other postretirement benefit plans: | |||
| Prior service credit arising during the period | 157 | — | — |
| Amortization of unrecognized prior service credits included in net periodic costs | (8) | (8) | (21) |
| Derivatives and hedging: | |||
| Unrealized gain (loss) during period | (44) | 18 | (27) |
| Reclassification adjustment for (gains) losses included in net income, net | 15 | 15 | 1 |
| Total other comprehensive income (loss), net of tax | 154 | 5 | (114) |
| Comprehensive income including noncontrolling interest | 629 | 913 | 782 |
| Less: Comprehensive income attributable to noncontrolling interest | 1 | 3 | 2 |
| Comprehensive income attributable to Eastman | $628 | $910 | $780 |
| Retained Earnings | |||
| Retained earnings at beginning of period | $10,013 | $9,490 | $8,973 |
| Net earnings attributable to Eastman | 474 | 905 | 894 |
| Cash dividends declared | (382) | (382) | (377) |
| Retained earnings at end of period | $10,105 | $10,013 | $9,490 |
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