enhancing the quality of life in a material way · product and raw material information 7 segment...

Enhancing the quality of life in a material way

EMNDB18

2

Eastman at a glance 3

Regions 5

Financial information 6

Product and raw material information 7

Segment information (2018–2016) 8

Exhibit A - Notes to segment information (detail of non-core and unusual items) 11

Stockholder information 12

Eastman Chemical Company 2018 Databook Contents

Eastman Chemical Company’s products and operations are managed and reported in four segments— Additives & Functional Products, Advanced Materials, Chemical Intermediates, and Fibers.

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Transportation 20%Consumables 16%Building & Construction 13%Industrial Chemicals & Processing 11%Filter Media 8%Food, Feed, & Agriculture 8%Consumer/Medical Durables 7% Personal Care/Health & Wellness 7% Energy, Fuels & Water 5%Electronics 3%Other 2%

Eastman Chemical Company 2018 Sales Revenue by End Market

Eastman at a glanceAdditives & Functional Products2018 Sales Revenue: $3,647 million .2018 Adjusted Earnings Before Interest and Taxes (EBIT): $671 million *2018 Depreciation & Amortization Expense: $219 million .

Key products: Coatings & Inks Additives: Texanol™, ketones, esters, glycol ethers, and alcohol solvents; cellulosic, polyester, polyolefin-based polymers, and Tetrashield™ protective resin systems Adhesives Resins: Hydrocarbon resins (Piccotac™, Regalite™, Eastotac™, Eastoflex™, Aerafin™) Tire Additives: Crystex™ insoluble sulfur, Santoflex™ antidegradants, and Impera™ performance resins Care Chemicals: Alkylamine derivatives, organic acids and derivatives, cellulose esters Specialty Fluids: Eastman Therminol™ heat transfer fluids, Skydrol™ , turbo oils, SkyKleen™ Animal Nutrition: organic acids and derivatives, organic acid-based solutions, choline chloride, Eastman Enhanz™ Crop Protection: Alkylamine derivatives, Banguard™ fungicideKey markets & applications: Transportation: Insoluble sulfur, antidegradants, and performance resins used in rubber tire manufacturing, polymers and solvents used in OEM and refinish coatings, aviation fluids Consumables: Resins used in hygiene and packaging adhesives, paint additives and polymers used in graphics arts and inks Building & Construction: Solvents used in architectural coatings, resins for construction adhesives and interior flooring Food, Feed, & Agriculture: Soil fumigants, fungicides, and plant-growth regulators Industrial Chemicals & Processing: Heat transfer fluids for chemical processes Energy, Fuels, & Water: Alkylamine derivatives for water treatment Consumer/Medical Durables: Polymers and solvents used in coatings, wood, and industrial applications Personal Care/Health & Wellness: Amine-based intermediates used in personal care applicationsKey raw materials: Alcohols, alkylamines, ammonia, aniline, alpha methylstyrene, benzene, C9 resin oil, CS2 caustic soda, ethylene oxide, formic acid, gum rosin, heavy fuel oil, methyl isobutyl ketone, naphthenic process oil, neopolyol esters, nitrobenzene, piperylene, phosphorus, propane, propylene, sulfur, styrene, wood pulpKey competitors: Coatings & Inks Additives: BASF SE, DowDuPont Inc., Oxea, Celanese Corporation Adhesives Resins: ExxonMobil Corp., Kolon Industries, Inc., Evonik Industries Tire Additives: Oriental Carbon & Chemicals, Ltd., Shikoku Chemicals Corporation, Jiangsu Sinorgchem Technology Co. Ltd., Kumho Petrochemical Co. Ltd., Lanxess AG, Cray Valley Hydrocarbon Specialty Chemicals, ExxonMobil Corp., Kolon Industries, Inc. Care Chemicals: BASF SE, DowDuPont Inc., Huntsman Corporation Specialty Fluids: DowDuPont Inc., ExxonMobil Corp. Animal Nutrition: BASF SE, Perstorp, Luxi Chemical Group, Feicheng Acid Chemicals Crop Protection: DowDuPont Inc., Agro-Kanesho Co. Ltd., Bayer, BASF SE

Advanced Materials2018 Sales Revenue: $2,755 million .2018 Adjusted EBIT: $501 million *2018 Depreciation & Amortization Expense: $169 million.

Key products: Specialty Plastics: Copolyesters (including Eastman Tritan™), cellulose esters, Trēva™ engineering bioplastic Advanced Interlayers: PVB sheet used as an adhesive interlayer in the production of laminated safety glass and primarily marketed under the Saflex™ brand name Performance Films: Aftermarket window film and protective film products, including LLumar™, V-KOOL™, and SunTek™ brands Key markets & applications: Transportation: Interlayers for automotive safety glass, automotive acoustic glass, and head-up displays (HUD); aftermarket window film Consumables: Copolyesters used in consumer packaging, personal care and cosmetics packaging, in-store fixtures, and displays Building & Construction: PVB for architectural interlayers Consumer/Medical Durables: Copolyesters and cellulose esters used in consumer housewares and appliances Personal Care/Health & Wellness: Copolyesters for medical applications Electronics: Cellulose esters for displaysKey raw materials: 2-EH, butyraldehyde, cellulose, ethanol, ethylene glycol, paraxylene, polyethylene terephthalate film, polyvinyl alcohol, purified terephthalic acid, triethylene glycol, vinyl acetate monomerKey competitors: Specialty Plastics: Covestro, Trinseo, Evonik Industries AG, Saudi Basic Industries Corporation, Mitsubishi Chemical Corporation, S.K. Chemical Industries, Sichuan Push Acetati Company

Limited, Daicel Chemical Industries Ltd. Advanced Interlayers: Sekisui Chemical Co., Ltd., Kuraray Co., Ltd., Kingsboard (Fo Gang) Specialty Resins Limited, Chang Chun Petrochemical Co., Ltd. Performance Films: 3M Company, Saint-Gobain S.A., Beijing Kangde Xin Composite Material Co., Ltd "KDX"

Chemical Intermediates2018 Sales Revenue: $2,831 million . 2018 Adjusted EBIT: $278 million* 2018 Depreciation & Amortization Expense: $151 million .

Key products: Intermediates: Oxo alcohols and derivatives, acetic acid and derivatives, acetic anhydride, ethylene, glycol ethers, and esters Plasticizers: Primary non-phthalate and phthalate plasticizers (Eastman 168™, Eastman DOP), niche non-phthalate plasticizers (Benzoflex™, Eastman TXIB™, Eastman Effusion™) Functional Amines: AlkylaminesKey markets & applications: Industrial Chemicals & Processing: Olefin and acetyl-based intermediates for industrial processing Building & Construction: Intermediates for paint/coating applications, construction chemicals, building materials, non-phthalate plasticizers used in interior surfaces Food, Feed, & Agriculture: Agrochemicals, animal nutrition Personal Care/Health & Wellness: Plasticizers for medical applications, acetyls for pharmaceuticals Consumables: Plasticizers in food contact applications and food packaging, polymer intermediates for consumer packaging Energy, Fuels, & Water: methylamines and salts, higher amines and solvents used in energy and water treatment Key raw materials: Acetone, ammonia, butanol, coal, ethane, ethanol, meta-xylene, methanol, natural gas, paraxylene, propane, propylene Key competitors: Intermediates: LyondellBasell Industries, BASF SE, DowDuPont Inc., Oxea, BP plc, Celanese Corporation, Lonza, Ineos Group Holdings S.A., Indorama Ventures Plasticizers: BASF SE, ExxonMobil Corp., LG Chem, Ltd., Emerald Performance Materials Functional Amines: BASF SE, Chemours, U.S. Amines, Oxea

Fibers2018 Sales Revenue: $918 million .2018 EBIT: $219 million*2018 Depreciation & Amortization Expense: $64 million .

Key products: Acetate Tow, Acetyl Chemical Products, Acetate Yarn, & Nonwovens: cellulose acetate tow, cellulose acetate flake, acetic acid, acetic anhydride, acetate yarn (including Naia™), Vestera™ Cellulosic FiberKey markets & applications: Filter Media: Cigarette filters Consumables: Home furnishings, industrial fabrics, and apparel Personal Care/Health & Wellness: Medical tape Other: Nonwovens for industrial and consumable applicationsKey raw materials: High-sulfur coal, inorganic and metallic additives, methanol, natural and synthetic fibers, resins, and wood pulpKey competitors: Acetate Tow: Celanese Corporation, Rhodia Acetow, Daicel Corporation, Mitsubishi Rayon Co. Ltd. Acetyl Chemical Products: Jiangsu Ruijia Chemistry Co., Ltd., Polynt SPA, Daicel Corporation, Celanese Corporation, Rhodia Acetow Acetate Yarn: UAB Dirbtinis Pluostas, Industrias del Acetato de Celulosa S.A., Mitsubishi Rayon Co. Ltd., Lenzing AG, ENKA International GmbH & Co.KG Nonwovens: Hollingsworth and Vose Company, Lyndall, Inc., BorgWarner Inc., Lenzing AG

*Adjusted for non-core and unusual items. See Page 8 for reconciliation to GAAP EBIT.

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Eastman at a glance (continued)

2018 revenue by segment 2018 revenue by region

Transportation20%

Consumables16%

Food, Feed, & Agriculture8%

Building &Construction

13%

Filter Media (Tobacco)8%

Consumer/Medical Durables7%

Personal Care/Health & Wellness7%

Other 2%

Industrial Chemicals & Processing

11%

Energy, Fuels, & Water 5%

Electronics 3%

2018 revenue by end-use market

Corporate:

2018 revenue by product line 2018 revenue by region

Industrial Chemicals &Processing

25%


18% Personal Care & Wellness8%


Consumables9%

Energy, Fuels, & Water8%


Transportation4%

Other 4% Tobacco 1%

Electronics 3%


Chemical Intermediates:


Transportation33%

Consumables18%


15%

Consumer/MedicalDurables

15%

Personal Care/ Health & Wellness

10%

Other 1% Industrial Chemicals & Processing 1% Electronics 7%


Advanced Materials:


Transportation28%

Consumables21%



11%

Energy, Fuels, & Water8%


Personal Care/Health & Wellness5%

Other 2%

Industrial Chemicals & Processing9%

Electronics 1%


Additives & Functional Products:

36%

6%

34%

24%

35%

5%

27%

33%

42%

6%

27%

25%64%

6%

15%

15%

Coatings & Inks

Additives23%

Animal Nutrition & Crop Protection

14%

SpecialtyFluids13%

Care Chemicals

17% TireAdditives

17%

AdhesivesResins16%

SpecialtyPlastics

49%

PerformanceFilms18%

Advanced Interlayers

33%

Fibers9%

ChemicalIntermediates

28%

AdvancedMaterials

27%

Additives &FunctionalProducts

36%

Intermediates60%Functional

Amines20%

Plasticizers20%

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Sales revenue by region(Dollars in millions)

World headquarters

Alvin, TX

Anniston, AL

Antwerp, Belgium

Axton, VA

Canoga Park, CA

Cartersville, GA

Chestertown, MD

Columbia, SC

Dresden, Germany

Franklin, VA

Ghent, Belgium

Hefei, China

Itupeva, Brazil

Jefferson, PA

Jurong Island, Singapore

Kashima, Japan

Kingsport, TN

Kohtla-Järve, Estonia

Kuantan, Malaysia

Le Moyne, AL

Oulu, Finland

Pace, FL

Santo Toribio, Mexico

Sauget, IL

Shenzhen, China

Springfield, MA

St Gabriel, LA

Sun Prairie, WI

Suzhou, China

Texas City, TX

Trenton, MI

Ulsan, Korea

Uruapan, Mexico

Watertown, NY

Wuhan, China

Yixing, China

Zibo, China

Leuna, Germany

Linden, NJ

Longview, TX

Martinsville, VA

Mauá, Brazil

Middelburg, the Netherlands

Monongahela, PA

Nanjing, China

Newport, Wales

Nienburg, Germany

North America

Latin America Asia Pacific

Europe,Middle East,

and Africa

Global manufacturing locations

Regions

Year 2018 2017 2016 2015 2014United States and Canada $4,303 $4,189 $4,025 $4,350 $4,384

Asia Pacific 2,504 2,306 2,163 2,333 2,540

Europe, Middle East, and Africa 2,756 2,539 2,305 2,422 2,091

Latin America 588 515 515 543 512

Eastman Chemical Company $10,151 $9,549 $9,008 $9,648 $9,527

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Financial information

(Dollars in millions except per share amounts) 2018 2017 2016

Selected financial items

Sales $10,151 $9,549 $9,008

EBIT 1,552 1,530 1,389

Mark-to-market pension and other postretirement benefit plans (gain) loss, net 99 (21) 97

Asset impairments and restructuring charges, net 45 8 45

Acquisition integration and transaction costs — — 9

Net coal gasification incident (insurance) costs (83) 112 —

Cost of disposition of claims against discontinued Solutia operations — 9 5

Gains from sale of businesses — (3) (17)

Costs resulting from tax law changes and outside-U.S. entity reorganizations 20 — —

EBIT excluding non-core and unusual items 1,633 1,635 1,528

Depreciation and amortization expense 604 587 580

Diluted earnings per share 7.56 9.47 5.75

Mark-to-market pension and other postretirement benefit plans (gain) loss, net of tax 0.52 (0.09) 0.46

Asset impairments and restructuring charges (gains), net of tax 0.30 (0.02) 0.19

Acquisition integration and transaction costs, net of tax — — 0.04

Early debt extinguishment and other related costs, net of tax 0.04 — 0.37

Cost of disposition of claims against discontinued Solutia operations, net of tax — 0.03 0.02

Gains from sale of businesses, net of tax — (0.01) (0.07)

Net coal gasification incident (insurance) costs, net of tax (0.47) 0.55 —

Costs resulting from tax law changes and outside-U.S. entity reorganizations 0.11 — —

Estimated net tax benefit from tax law changes and tax loss

from outside-U.S. entity reorganizations 0.14 (2.32) —

Diluted earnings per share excluding non-core and unusual items 8.20 7.61 6.76

Note: See Exhibit A for detail of non-core and unusual items; for additional information about non-GAAP financial measures, see Annual Reports on Form 10-K filed with the SEC for the years indicated.

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*Total cost of operations defined as sales less earnings before interest and taxes excluding non-core and unusual items, detailed on page 8.

Other raw materials

CoalPolyvinyl alcoholMethanol

Paraxylene

Wood pulp

Natural gasOlefin feedstocks

Top purchased raw materials and energy

2018 total cost of operations*

Otherpurchasedmaterials

Woodpulp

Coal/oxygen

Natural gas/olefins

Paraxylene/oxygen

Terephthalic acidDimethyl terephthalate

SyngasOlefins

MethanolMethyl acetate

Acetic anhydride

CelluloseestersMultiple-step

organicsynthesis

Hydroquinone/derivatives

Plastic additives

Sucrose acetateisobutyrate

Insoluble sulfur

PPDs

Heat transfer fluids

Acetate tow

Acetate yarn

Excipients

Cellulose esters

Acids

Anhydrides

Arylides

Esters

Waxes/resins

Ketones

Aldehydes

Alcohols

Glycols

Esters

Plasticizers

PVB resins

Amines

Specialty copolyesters

Performance films

Eastman material flows

Product and raw material information

8

2018 segment information

Note: See Exhibit A for detail of non-core and unusual items footnoted above; for additional information about non-GAAP financial measures, see Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q filed with the SEC for the periods indicated.

(Dollars in millions) Qtr. Qtr. Qtr. Qtr. YearAdditives & Functional ProductsSales $939 $942 $915 $851 $3,647 EBIT 176 192 186 85 639Asset impairments and restructuring charges, net — — — 38 1 38 1

Net coal gasification incident (insurance) costs 2 2 (4) 2 (4) 2 — (6) 2

EBIT excluding non-core and unusual items 178 188 182 123 671 Depreciation and amortization expense 219

Advanced MaterialsSales $693 $729 $709 $624 $2,755 EBIT 135 150 153 71 509Asset impairments and restructuring charges, net — — — 1 3 1 3

Net coal gasification incident (insurance) costs 3 2 (6) 2 (6) 2 — (9) 2


Chemical Intermediates Sales $730 $709 $703 $689 $2,831 EBIT 70 85 109 44 308Net coal gasification incident (insurance) costs 19 2 (21) 2 (30) 2 2 2 (30) 2

EBIT excluding unusual item 89 64 79 46 278 Depreciation and amortization expense 151

FibersSales $245 $241 $220 $212 $918 EBIT 43 83 84 47 257Net coal gasification incident (insurance) costs 13 2 (25) 2 (27) 2 1 2 (38) 2

EBIT excluding unusual item 56 58 57 48 219 Depreciation and amortization expense 64

OtherSales $— $— $— $— $— Loss before interest and taxes (15) (19) (15) (112) (161)Mark-to-market pension and other postretirement benefit plans (gain) loss, net — — — 99 4 99 4

Asset impairments and restructuring charges, net 2 5 4 5 — — 6 5

Costs resulting from tax law changes and outside-U S entity reorganizations 11 6 8 6 1 6 — 20 6

Loss before interest and taxes excluding non-core and unusual items (2) (7) (14) (13) (36) Depreciation and amortization expense 1

Eastman Chemical CompanySales $2,607 $2,621 $2,547 $2,376 $10,151 EBIT 409 491 517 135 1,552Mark-to-market pension and other postretirement benefit plans (gain) loss, net — — — 99 4 99 4

Asset impairments and restructuring charges, net 2 5 4 5 — 39 1,3 45 1,3,5

Net coal gasification incident (insurance) costs 37 2 (56) 2 (67) 2 3 2 (83) 2

Costs resulting from tax law changes and outside-U S entity reorganizations 11 6 8 6 1 6 — 20 6

EBIT excluding non-core and unusual items 459 447 451 276 1,633 Depreciation and amortization expense 604

1st 2nd 3rd 4th

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(Dollars in millions) Qtr. Qtr. Qtr. Qtr. YearAdditives & Functional ProductsSales $773 $830 $886 $854 $3,343 EBIT 153 161 189 150 653 Asset impairments and restructuring charges, net — — — 3 1 3 1

Net coal gasification incident costs — — — 8 2 8 2

Gain from sale of business — — (3) 3 — (3) 3


Advanced MaterialsSales $634 $657 $646 $635 $2,572 EBIT 121 137 142 83 483 Net coal gasification incident costs — — — 11 2 11 2


Chemical Intermediates Sales $670 $703 $696 $659 $2,728 EBIT 82 83 81 9 255 Net coal gasification incident costs — — — 44 2 44 2


FibersSales $213 $215 $224 $200 $852 EBIT 52 56 68 5 181 Net coal gasification incident costs — — — 49 2 49 2


OtherSales $13 $14 $13 $14 $54 Loss before interest and taxes (7) (17) (16) (2) (42) Asset impairments and restructuring charges, net — — — 5 6 5 6

Cost of disposition of claims against discontinued Solutia operations — — — 9 5 9 5

Mark-to-market pension and other postretirement benefit plans gain, net — — — (21 )4 (21 )4

Loss before interest and taxes excluding non-core and unusual items (7) (17) (16) (9) (49) Depreciation and amortization expense 4

Eastman Chemical CompanySales $2,303 $2,419 $2,465 $2,362 $9,549 EBIT 401 420 464 245 1,530 Asset impairments and restructuring charges, net — — — 8 1,6 8 1,6

Cost of disposition of claims against discontinued Solutia operations — — — 9 5 9 5

Mark-to-market pension and other postretirement benefit plans gain, net — — — (21 )4 (21 )4

Net coal gasification incident costs — — — 112 2 112 2

Gain from sale of business — — (3) 3 — (3) 3

EBIT excluding non-core and unusual items 401 420 461 353 1,635 Depreciation and amortization expense 587

1st 2nd 3rd 4th


10


(Dollars in millions) Qtr. Qtr. Qtr. Qtr. YearAdditives & Functional ProductsSales $737 $770 $752 $720 $2,979EBIT 154 171 162 120 607Asset impairments and restructuring (gains) charges, net (2) 1 — — 12 2 10 1,2

EBIT excluding non-core and unusual items 152 171 162 132 617Depreciation and amortization expense 208

Advanced MaterialsSales $589 $646 $638 $584 $2,457EBIT 108 132 141 91 472Depreciation and amortization expense 160

Chemical IntermediatesSales $620 $633 $638 $643 $2,534EBIT 67 15 39 50 171Depreciation and amortization expense 157

FibersSales $280 $234 $248 $230 $992EBIT 85 90 80 76 331Gain from sale of business — (17) 3 — — (17) 3

EBIT excluding non-core and unusual items 85 73 80 76 314Depreciation and amortization expense 51

OtherSales $10 $14 $11 $11 $46Loss before interest and taxes (27) (12) (69) (84) (192)Asset impairments and restructuring charges, net — — 30 7 5 8 35 7,8

Mark-to-market pension and other postretirement benefit plans loss, net — — 30 4 67 5 97 4,5

Cost of disposition of claims against discontinued Solutia operations 5 6 — — — 5 6

Acquisition integration and transaction costs 9 9 — — — 9 9

Loss before interest and taxes excluding non-core and unusual items (13) (12) (9) (12) (46)Depreciation and amortization expense 4

Eastman Chemical CompanySales $2,236 $2,297 $2,287 $2,188 $9,008EBIT 387 396 353 253 1,389Asset impairments and restructuring (gains) charges, net (2) 1 — 30 7 17 2,8 45 1,2,7,8

Mark-to-market pension and other postretirement benefit plans loss, net — — 30 4 67 5 97 4,5

Cost of disposition of claims against discontinued Solutia operations 5 6 — — — 5 6

Acquisition integration and transaction costs 9 9 — — — 9 9

Gain from sale of business — (17) 3 — — (17) 3

EBIT excluding non-core and unusual items 399 379 413 337 1,528Depreciation and amortization expense 580

1st 2nd 3rd 4th


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Notes to segment information(detail of non-core and unusual items)*

Exhibit A

1. In fourth quarter 2018, as a result of the annual impairment test of goodwill, the Company reduced the carrying value of the crop protection reporting unit (part of the AFP operating segment) to its estimated fair value through recognition of a $38 million goodwill impairment. The impairment was primarily driven by an increase in the WACC applied to the impairment analysis and the estimated impact of future regulatory changes.

2. All quarters in 2018 include net costs in certain quarters and (insurance) in certain quarters related to the coal gasification facility and restart of operations resulting from the October 4, 2017, incident.

3. Fourth quarter 2018 included a charge of $1 million for an impairment of an indefinite-lived intangible asset in the AM segment.

4. Fourth quarter 2018 annual mark-to-market pension and other postretirement benefit plans valuation loss, net.

5. In first and second quarters 2018, the Company recognized restructuring charges of $2 million and $4 million, respectively, for corporate severance costs.

6. In the first, second, and third quarters 2018, costs of currency translation and professional fees resulting from fourth quarter 2017 tax law changes and related outside-U.S. entity reorganizations as part of the transition to an international treasury services center.

2018 Year Footnote

1. Fourth quarter 2017 includes $3 million asset impairments and restructuring charges, including severance, in the AFP segment for the closure of a facility in China.

2. Fourth quarter 2017 includes net costs of disruption, repairs, and reconstruction of the coal gasification facility and restart of operations resulting from the October 4, 2017, incident.

3. Third quarter 2017 other (income) charges, net, had a $3 million gain from the sale of the formulated electronics cleaning solutions business, which was part of the AFP segment.

4. Fourth quarter 2017 annual mark-to-market pension and other postretirement benefit plans valuation gain, net.

5. Fourth quarter to 2017, other (income) charges, net includes cost of disposition of claims against operations that were discontinued by Solutia prior to the Company's acquisition of Solutia in 2012.

6. Fourth quarter 2017, as part of the previously announced plan to reduce costs primarily in 2017, the Company recognized restructuring charges of $5 million primarily for severance.

2017 Year Footnote

Year Footnote

1. Included in first quarter 2016 earnings is a gain of $2 million for the sale of previously impaired assets at the Crystex research and development facility in France.

2. In fourth quarter 2016, the Company impaired a capital project resulting in a charge of $12 million.

3. In second quarter 2016, the Company sold its interest in the Primester joint venture equity investment in the Fibers segment.

4. In third quarter 2016, there was a change to a U.K. pension plan which triggered an interim remeasurement of the plan obligation and resulted in a $30 million mark-to-market loss.

5. Fourth quarter 2016 annual mark-to-market pension and other postretirement benefit plans valuation loss, net.

6. In first quarter to 2016, other (income) charges, net includes cost of disposition of claims against operations that were discontinued by Solutia prior to the Company's acquisition of Solutia in 2012.

7. In third quarter 2016, as part of the Company's previously announced plan to reduce costs primarily in 2017, the Company recognized restructuring charges of $30 million for severance.

8. In fourth quarter 2016, as part of the previously announced plan to reduce costs primarily in 2017, the Company recognized restructuring charges of $5 million primarily for severance.

9. First quarter 2016 transaction cost is for final resolution of the 2011 Sterling Chemical, Inc. acquisition purchase price, and integration costs are for the Commonwealth Laminating & Coating, Inc. business acquired in December 2014. These costs are included in selling, general, and administrative expenses in the Statements of Earnings.

2016

*For additional information about non-GAAP financial measures, see Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q filed with the SEC for the periods indicated.

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Stock exchange listingEastman Chemical Company common stock is listed and traded on the New York Stock Exchange under the ticker symbol EMN.

DividendsQuarterly dividends on common stock, if declared by the Board of Directors, are usually paid on or about the first business day of the month following the end of each quarter. Dividends declared were $2.30 in 2018, $2.09 in 2017, $1.89 in 2016, $1.66 in 2015, and $1.45 in 2014.

Corporate officesEastman Chemical Company200 S. Wilcox DriveKingsport, TN 37660-5280 U.S.A.www.eastman.com

Stock transfer agent and registrarInquiries and changes to stockholder accounts should be directed to our transfer agent:

American Stock Transfer & Trust Company59 Maiden LaneNew York, NY 10038

In the United States: 800-937-5449Outside the United States: (1) 212-936-5100 or (1) 718-921-8200

www.amstock.com

Eastman stockholder information877-EMN-INFO (877-366-4636)www.eastman.com

Eastman DatabookEastman Chemical Company’s Databook has been developed to assist investors in understanding and evaluating Eastman. It provides financial and operations data and other information about the company and its operating segments from previously public disclosures. The notes to the financial statements are not included. Complete financial statements and Management’s Discussion and Analysis of Financial Condition and Results of Operations appear in Eastman’s Annual Report on Form 10-K and Annual Report to Stockholders, both of which are available on www.eastman.com.

Eastman Investor Relationswww.eastman.com/Company/Investors/Pages/Introduction.aspx

877-366-4636

Gregory A. RiddleVice President, Investor Relations, Government Affairs, and Corporate Communications [email protected]

Stockholder information

Eastman Chemical CompanyP O Box 431

Kingsport, Tennessee 37662-5280 U S A (1) 423-229-2000 | www eastman com

© 2019 Eastman Chemical Company Eastman brands referenced herein are trademarks of Eastman or one of its subsidiaries or are being used under license The ® symbol denotes registered trademark status in the U S ; marks may also be registered internationally

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