What does net current year prior service credit (cost) mean?

This captures the impact of changes in actuarial assumptions or plan amendments on the projected benefit obligation of defined benefit pension plans. It represents the immediate recognition of prior service costs or credits that are not yet amortized into net periodic benefit costs. This metric highlights the volatility inherent in long-term employee benefit obligations.

Eastman Chemical EMN Net current year prior service credit (cost)

Net current year prior service credit (cost) at other companies

Eastman ChemicalEMN

-$39.25M—

Baxter InternationalBAX

$5M+33.3%

ATIATI

$4.3M+10.3%

Cleveland-CliffsCLF

-$55.75M+9.7%

Estee Lauder Companies Inc.EL

$3M-40.0%

AccentureACN

$0—

Other financials

Income statement

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Revenue$2.2B-4.9%

Gross profit$431.0M-24.0%

Net income$107.0M-41.2%

EPS (diluted)$0.93-40.8%

Balance sheet

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Cash & equivalents$665.0M+59.1%

Total debt$5.2B+4.0%

Total equity$6.0B+2.4%

Total assets$15.2B+1.7%

Cash flow

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Operating cash flow-$137.0M+18.0%

CapEx$103.0M-29.9%

Free cash flow-$240.0M+23.6%

Valuation

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Market cap$8.29B-14.2%

Enterprise value$12.84B-10.1%

P/E20.8×+10.3×

P/S1×-0.1×

Profitability

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Gross margin19.8%-5.1pp

Operating margin16%—

Net margin4.6%-5.2pp

FCF margin5.8%-0.4pp

Returns & leverage

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Return on equity6.7%-9.4pp

Debt / equity0.9×0.0×

Current ratio1.5×-0.3×

Where this comes from

Reported directly by Eastman Chemical in its filing.

Tagged under the XBRL concept us-gaap:OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostsCreditArisingDuringPeriodNetOfTax.

The official record: Eastman Chemical’s 10-K, filed February 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Eastman Chemical's net current year prior service credit (cost)?: Eastman Chemical (EMN) reported net current year prior service credit (cost) of -$39.25M in Q4 2025.
What does net current year prior service credit (cost) mean?: This captures the impact of changes in actuarial assumptions or plan amendments on the projected benefit obligation of defined benefit pension plans. It represents the immediate recognition of prior service costs or credits that are not yet amortized into net periodic benefit costs. This metric highlights the volatility inherent in long-term employee benefit obligations.