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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
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 Close
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 Close
Common stock, shares issued (in shares) 222,762,317 222,348,557 Close
Common Stock, Shares Authorized 350,000,000 350,000,000
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
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)
Total stockholders' equity before treasury stock $ 11,541 $ 11,085
Treasury stock at cost (in shares) 105,469,354 103,602,488
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 Close
Total liabilities and stockholders' equity $ 14,633 $ 14,667