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Revenue Recognition | 9 Months Ended
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Sep. 30, 2025
Revenue Recognition and Deferred Revenue [Abstract] |
Revenue Recognition | Revenue Recognition The Company has certain contracts that represent take-or-pay revenue arrangements in which the Company's performance obligations extend over multiple years. As of September 30, 2025, the Company had $614 million of remaining performance obligations related to take-or-pay contracts. The Company expects to recognize approximately $163 million of its remaining performance obligations as Net sales in 2025, $236 million in 2026, $115 million in 2027 and the balance thereafter. Contract Balances Contract liabilities primarily relate to advances or deposits received from the Company's customers before revenue is recognized. These amounts are recorded as deferred revenue and are included in Current and Noncurrent Other liabilities in the unaudited consolidated balance sheets. The Company does not have any material contract assets as of September 30, 2025. Disaggregated Revenue In general, the Company's business segmentation is aligned according to the nature and economic characteristics of its products and customer relationships and provides meaningful disaggregation of each business segment's results of operations. The Company manages its Engineered Materials business segment through its project management pipeline, which is comprised of a broad range of projects that are solutions-based and are tailored to each customer's unique needs. Projects are identified and selected based on success rate and may involve a number of different polymers per project for use in multiple end-use applications. Therefore, the Company is agnostic toward products and end-use markets for the Engineered Materials business segment. The Company manages its Acetyl Chain business segment by leveraging its ability to sell chemicals externally to end-use markets or downstream to its acetate tow, intermediate chemistry, emulsion polymers, redispersible powders and ethylene vinyl acetate polymers businesses. Decisions to sell externally and geographically or downstream and along the Acetyl Chain are based on market demand, trade flows and maximizing the value of its chemicals. Therefore, the Company's strategic focus is on executing within this integrated chain model and less on driving product-specific revenue. Further disaggregation of Net sales by business segment and geographic destination is as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30, |  |  |  |  |  |  |  |
| 2025 |  | 2024 |  | 2025 |  | 2024 |  |  |  |
| (In $ millions) |  |  |  |  |  |  |  |
Engineered Materials |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America | 378 |  |  | 419 |  |  | 1,131 |  |  | 1,211 |  |  |  |  |  |  |  |  |
Europe and Africa | 404 |  |  | 414 |  |  | 1,210 |  |  | 1,313 |  |  |  |  |  |  |  |  |
Asia-Pacific | 568 |  |  | 610 |  |  | 1,670 |  |  | 1,693 |  |  |  |  |  |  |  |  |
South America | 34 |  |  | 38 |  |  | 102 |  |  | 109 |  |  |  |  |  |  |  |  |
Total | 1,384 |  |  | 1,481 |  |  | 4,113 |  |  | 4,326 |  |  |  |  |  |  |  |  |
Acetyl Chain |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
North America | 363 |  |  | 374 |  |  | 1,113 |  |  | 1,152 |  |  |  |  |  |  |  |  |
Europe and Africa | 373 |  |  | 406 |  |  | 1,162 |  |  | 1,250 |  |  |  |  |  |  |  |  |
Asia-Pacific | 275 |  |  | 355 |  |  | 876 |  |  | 1,095 |  |  |  |  |  |  |  |  |
South America | 24 |  |  | 32 |  |  | 76 |  |  | 87 |  |  |  |  |  |  |  |  |
Total(1) | 1,035 |  |  | 1,167 |  |  | 3,227 |  |  | 3,584 |  |  |  |  |  |  |  |  |
______________________________ (1)Excludes intersegment sales of $26 million and $23 million for the three months ended September 30, 2025 and 2024, respectively. Excludes intersegment sales of $65 million and $69 million for the nine months ended September 30, 2025 and 2024, respectively.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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