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v3.25.1

Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Business Segments |
| Engineered Materials |  |  |  | Acetyl Chain |  | Other Activities |  | Eliminations |  | Consolidated |
| (In $ millions) |
| Three Months Ended March 31, 2025 |
Net sales | 1,287 |  |  |  |  | 1,116 |  |  | — |  |  | (14) |  | (1) | 2,389 |  |
Cost of sales | (1,012) |  |  |  |  | (914) |  |  | (1) |  |  | 14 |  |  | (1,913) |  |
Gross profit | 275 |  |  |  |  | 202 |  |  | (1) |  |  | — |  |  | 476 |  |
Selling, general and administrative expenses | (107) |  |  |  |  | (27) |  |  | (96) |  |  | — |  |  | (230) |  |
Amortization of intangible assets | (40) |  |  |  |  | — |  |  | — |  |  | — |  |  | (40) |  |
Research and development expenses | (21) |  |  |  |  | (10) |  |  | — |  |  | — |  |  | (31) |  |
Other (charges) gains, net (Note 17) | (15) |  |  |  |  | (3) |  |  | (13) |  |  | — |  |  | (31) |  |
Gain (loss) on disposition of business and assets, net | 4 |  |  |  |  | — |  |  | (1) |  |  | — |  |  | 3 |  |
Other segment items(2) | — |  |  |  |  | — |  |  | 21 |  |  | — |  |  | 21 |  |
Operating profit (loss) | 96 |  |  |  |  | 162 |  |  | (90) |  |  | — |  |  | 168 |  |
Depreciation and amortization | 109 |  |  |  |  | 61 |  |  | 10 |  |  | — |  |  | 180 |  |
Equity in net earnings (loss) of affiliates | 16 |  |  |  |  | 3 |  |  | 3 |  |  | — |  |  | 22 |  |
Capital expenditures | 39 |  |  |  |  | 30 |  |  | 9 |  |  | — |  |  | 78 |  | (3)
| As of March 31, 2025 |
Goodwill and intangible assets, net | 8,663 |  |  |  |  | 420 |  |  | — |  |  | — |  |  | 9,083 |  |
Total assets | 15,567 |  |  |  |  | 5,324 |  |  | 2,306 |  |  | — |  |  | 23,197 |  |
| Three Months Ended March 31, 2024 |
Net sales | 1,378 |  |  |  |  | 1,261 |  |  | — |  |  | (28) |  | (1) | 2,611 |  |
Cost of sales | (1,109) |  |  |  |  | (966) |  |  | (10) |  |  | 28 |  |  | (2,057) |  |
Gross profit | 269 |  |  |  |  | 295 |  |  | (10) |  |  | — |  |  | 554 |  |
Selling, general and administrative expenses | (103) |  |  |  |  | (30) |  |  | (132) |  |  | — |  |  | (265) |  |
Amortization of intangible assets | (40) |  |  |  |  | (1) |  |  | — |  |  | — |  |  | (41) |  |
Research and development expenses | (25) |  |  |  |  | (10) |  |  | 1 |  |  | — |  |  | (34) |  |
Other (charges) gains, net (Note 17) | (11) |  |  |  |  | — |  |  | (3) |  |  | — |  |  | (14) |  |
Gain (loss) on disposition of business and assets, net | (1) |  |  |  |  | — |  |  | — |  |  | — |  |  | (1) |  |
Other segment items(2) | — |  |  |  |  | — |  |  | 11 |  |  | — |  |  | 11 |  |
Operating profit (loss) | 89 |  |  |  |  | 254 |  |  | (133) |  |  | — |  |  | 210 |  |
Depreciation and amortization | 147 |  |  |  |  | 57 |  |  | 17 |  |  | — |  |  | 221 |  |
Equity in net earnings (loss) of affiliates | 49 |  |  |  |  | 2 |  |  | 4 |  |  | — |  |  | 55 |  |
Capital expenditures | 37 |  |  |  |  | 40 |  |  | 28 |  |  | — |  |  | 105 |  | (3)
| As of December 31, 2024 |
Goodwill and intangible assets, net | 8,617 |  |  |  |  | 411 |  |  | — |  |  | — |  |  | 9,028 |  |
Total assets | 15,496 |  |  |  |  | 5,265 |  | 2,096 |  |  | — |  |  | 22,857 |  |
______________________________ (1)Includes intersegment sales primarily related to the Acetyl Chain. (2)Includes Foreign exchange gain (loss), net. (3)Includes a decrease in accrued capital expenditures of $24 million and $32 million for the three months ended March 31, 2025 and 2024, respectively.

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