| Reconciliation of the changes in stockholders' equity |
Reconciliations of the changes in stockholders' equity for first quarter 2026 and 2025 are provided below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in millions, except per share amount) | Common Stock at Par Value | | Additional Paid-in Capital | | Retained Earnings | | Accumulated Other Comprehensive Income (Loss) | | Treasury Stock at Cost | | Total Eastman Stockholders' Equity | | Noncontrolling Interest | | Total Equity | | Balance at December 31, 2025 | $ | 2 | | | $ | 2,500 | | | $ | 10,105 | | | $ | (160) | | | $ | (6,486) | | | $ | 5,961 | | | $ | 76 | | | $ | 6,037 | | | | | | | | | | | | | | | | | | | Net Earnings | — | | | — | | | 107 | | | — | | | — | | | 107 | | | — | | | 107 | | Cash Dividends Declared (1) ($0.84 per share) | — | | | — | | | (98) | | | — | | | — | | | (98) | | | — | | | (98) | | | Other Comprehensive Income (Loss) | — | | | — | | | — | | | 19 | | | — | | | 19 | | | — | | | 19 | | Share-Based Compensation Expense (2) | — | | | 27 | | | — | | | — | | | — | | | 27 | | | — | | | 27 | | | Stock Option Exercises | — | | | 1 | | | — | | | — | | | — | | | 1 | | | — | | | 1 | | | | | | | | | | | | | | | | | | Other (3) | — | | | (8) | | | — | | | — | | | — | | | (8) | | | 2 | | | (6) | | | | | | | | | | | | | | | | | | | Distributions to noncontrolling interest | — | | | — | | | — | | | — | | | — | | | — | | | (1) | | | (1) | | | Balance at March 31, 2026 | $ | 2 | | | $ | 2,520 | | | $ | 10,114 | | | $ | (141) | | | $ | (6,486) | | | $ | 6,009 | | | $ | 77 | | | $ | 6,086 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in millions, except per share amount) | Common Stock at Par Value | | Additional Paid-in Capital | | Retained Earnings | | Accumulated Other Comprehensive Income (Loss) | | Treasury Stock at Cost | | Total Eastman Stockholders' Equity | | Noncontrolling Interest | | Total Equity | | Balance at December 31, 2024 | $ | 2 | | | $ | 2,463 | | | $ | 10,013 | | | $ | (314) | | | $ | (6,385) | | | $ | 5,779 | | | $ | 73 | | | $ | 5,852 | | | | | | | | | | | | | | | | | | | Net Earnings | — | | | — | | | 182 | | | — | | | — | | | 182 | | | 1 | | | 183 | | Cash Dividends Declared (1) ($0.83 per share) | — | | | — | | | (96) | | | — | | | — | | | (96) | | | — | | | (96) | | | Other Comprehensive Income (Loss) | — | | | — | | | — | | | (7) | | | — | | | (7) | | | — | | | (7) | | Share-Based Compensation Expense (2) | — | | | 23 | | | — | | | — | | | — | | | 23 | | | — | | | 23 | | | Stock Option Exercises | — | | | 2 | | | — | | | — | | | — | | | 2 | | | — | | | 2 | | | | | | | | | | | | | | | | | | Other (3) | — | | | (12) | | | — | | | — | | | — | | | (12) | | | — | | | (12) | | | | | | | | | | | | | | | | | | | Distributions to Noncontrolling Interest | — | | | — | | | — | | | — | | | — | | | — | | | (1) | | | (1) | | | Balance at March 31, 2025 | $ | 2 | | | $ | 2,476 | | | $ | 10,099 | | | $ | (321) | | | $ | (6,385) | | | $ | 5,871 | | | $ | 73 | | | $ | 5,944 | |
(1)Cash dividends declared may consist of both paid and unpaid dividends. (2)Share-based compensation expense is based on the fair value of share-based awards. (3)Additional paid-in capital includes the value of shares withheld for employees' taxes on vesting of share-based compensation awards.
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