Reconciliations of the changes in stockholders' equity for first quarter 2024 and 2023 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, 2023 | $ | 2 | | | $ | 2,368 | | | $ | 9,490 | | | $ | (319) | | | $ | (6,083) | | | $ | 5,458 | | | $ | 72 | | | $ | 5,530 | | | | | | | | | | | | | | | | | | | Net Earnings | — | | | — | | | 165 | | | — | | | — | | | 165 | | | — | | | 165 | | Cash Dividends Declared (1) ($0.81 per share) | — | | | — | | | (96) | | | — | | | — | | | (96) | | | — | | | (96) | | | Other Comprehensive Income (Loss) | — | | | — | | | — | | | (9) | | | — | | | (9) | | | — | | | (9) | | Share-Based Compensation Expense (2) | — | | | 21 | | | — | | | — | | | — | | | 21 | | | — | | | 21 | | | Stock Option Exercises | — | | | 7 | | | — | | | — | | | — | | | 7 | | | — | | | 7 | | | | | | | | | | | | | | | | | | Other (3) | — | | | (8) | | | — | | | — | | | — | | | (8) | | | (1) | | | (9) | | | | | | | | | | | | | | | | | | | Distributions to noncontrolling interest | — | | | — | | | — | | | — | | | — | | | — | | | (1) | | | (1) | | | Balance at March 31, 2024 | $ | 2 | | | $ | 2,388 | | | $ | 9,559 | | | $ | (328) | | | $ | (6,083) | | | $ | 5,538 | | | $ | 70 | | | $ | 5,608 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (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, 2022 | $ | 2 | | | $ | 2,315 | | | $ | 8,973 | | | $ | (205) | | | $ | (5,932) | | | $ | 5,153 | | | $ | 83 | | | $ | 5,236 | | | | | | | | | | | | | | | | | | | Net Earnings | — | | | — | | | 134 | | | — | | | — | | | 134 | | | — | | | 134 | | Cash Dividends Declared (1) ($0.79 per share) | — | | | — | | | (94) | | | — | | | — | | | (94) | | | — | | | (94) | | | Other Comprehensive Income (Loss) | — | | | — | | | — | | | (15) | | | — | | | (15) | | | — | | | (15) | | Share-Based Compensation Expense (2) | — | | | 22 | | | — | | | — | | | — | | | 22 | | | — | | | 22 | | | Stock Option Exercises | — | | | 2 | | | — | | | — | | | — | | | 2 | | | — | | | 2 | | | | | | | | | | | | | | | | | | Other (3) | — | | | (14) | | | — | | | — | | | — | | | (14) | | | 3 | | | (11) | | | | | | | | | | | | | | | | | | | Distributions to Noncontrolling Interest | — | | | — | | | — | | | — | | | — | | | — | | | (12) | | | (12) | | | Balance at March 31, 2023 | $ | 2 | | | $ | 2,325 | | | $ | 9,013 | | | $ | (220) | | | $ | (5,932) | | | $ | 5,188 | | | $ | 74 | | | $ | 5,262 | | | | | | | | | | | | | | | | | |
(1)Cash dividends declared consists of cash dividends paid and dividends declared but unpaid. (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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