v3.25.2

UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($) $ in Millions	Jun. 30, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 423	$ 837
Trade receivables, net of allowance for credit losses	988	791
Miscellaneous receivables	352	381
Inventories	2,151	1,988
Other current assets	107	104
Total current assets	4,021	4,101
Properties
Properties and equipment at cost	14,361	13,985
Less: Accumulated depreciation	8,615	8,370
Net properties	5,746	5,615
Goodwill	3,665	3,632
Intangible assets, net of accumulated amortization	1,028	1,032
Other noncurrent assets	759	833
Total assets	15,219	15,213
Current liabilities
Payables and other current liabilities	2,043	2,258
Borrowings due within one year	344	450
Total current liabilities	2,387	2,708
Long-term borrowings	4,782	4,567
Deferred income tax liabilities	429	533
Post-employment obligations	620	630
Other long-term liabilities	1,095	923
Total liabilities	9,313	9,361
Stockholders' equity
Common stock ($0.01 par value – 350,000,000 shares authorized; shares issued – 223,896,168 and 223,588,347 as of June 30, 2025 and December 31, 2024, respectively)	2	2
Additional paid-in capital	2,478	2,463
Retained earnings	10,143	10,013
Accumulated other comprehensive income (loss)	(353)	(314)
Stockholder's Equity before Treasury Stock	12,270	12,164
Less: Treasury stock at cost (109,114,554 and 108,470,763 shares as of June 30, 2025 and December 31, 2024, respectively)	6,435	6,385
Total Eastman stockholders' equity	5,835	5,779
Noncontrolling interest	71	73
Total equity	5,906	5,852
Total liabilities and stockholders' equity	$ 15,219	$ 15,213
Common stock, par value (in dollars per share)	$ 0.01
Common stock, shares authorized (in shares)	350,000,000
Common stock, shares issued (in shares)	223,896,168	223,588,347
Treasury stock at cost (in shares)	109,114,554	108,470,763

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

EASTMAN CHEMICAL CO 10-Q