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SEGMENT INFORMATION
 9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION

The Company's products and operations are currently managed and reported in five operating segments: Additives & Functional Products ("AFP"), Adhesives & Plasticizers ("A&P"), Advanced Materials ("AM"), Fibers, and Specialty Fluids & Intermediates ("SFI"). For additional financial and product information concerning each segment, see Note 20, "Segment Information", to the consolidated financial statements in Part II, Item 8 of the Company's 2014 Annual Report on Form 10-K.

Third quarter and first nine months 2015 included sales revenue from the acquired Taminco businesses reported in the AFP and SFI segments, and sales revenue from the acquired Commonwealth business reported in the AM segment.
 
Third Quarter
(Dollars in millions)
2015
 
2014
Sales
 
 
 
Additives & Functional Products
$
602

 
$
458

Adhesives & Plasticizers
305

 
347

Advanced Materials
624

 
604

Fibers
320

 
346

Specialty Fluids & Intermediates
584

 
650

Total Sales by Segment
2,435

 
2,405

Other
12

 
8

Total Sales
$
2,447

 
$
2,413

 
 
 
 
 
First Nine Months
(Dollars in millions)
2015
 
2014
Sales
 
 
 
Additives & Functional Products
$
1,827

 
$
1,333

Adhesives & Plasticizers
942

 
1,050

Advanced Materials
1,832

 
1,816

Fibers
903

 
1,086

Specialty Fluids & Intermediates
1,883

 
1,884

Total Sales by Segment
7,387

 
7,169

Other
36

 
9

Total Sales
$
7,423

 
$
7,178

 
Third Quarter
(Dollars in millions)
2015
 
2014
Operating Earnings (Loss)
 
 
 
Additives & Functional Products
$
126

 
$
37

Adhesives & Plasticizers
74

 
52

Advanced Materials
98

 
76

Fibers
102

 
112

Specialty Fluids & Intermediates
48

 
90

Total Operating Earnings by Segment
448

 
367

Other
 

 
 

Growth initiatives and businesses not allocated to segments
(18
)
 
(18
)
Pension and other postretirement benefit income (expense), net not allocated to operating segments
11

 
3

Acquisition integration, transaction, and restructuring costs
(9
)
 
(14
)
Total Operating Earnings
$
432

 
$
338

 
 
 
 
 
 
 
 
 
First Nine Months
(Dollars in millions)
2015
 
2014
Operating Earnings (Loss)
 
 
 
Additives & Functional Products
$
365

 
$
236

Adhesives & Plasticizers
190

 
155

Advanced Materials
301

 
217

Fibers
188

 
352

Specialty Fluids & Intermediates
233

 
248

Total Operating Earnings by Segment
1,277

 
1,208

Other
 
 
 
Growth initiatives and businesses not allocated to segments
(66
)
 
(46
)
Pension and other postretirement benefit income (expense), net not allocated to operating segments
28

 
9

Acquisition integration, transaction, and restructuring costs
(27
)
 
(36
)
Total Operating Earnings
$
1,212

 
$
1,135


 
September 30,
 
December 31,
(Dollars in millions)
2015
 
2014
Assets by Segment (1)
 
 
 
Additives & Functional Products
$
4,813

 
$
4,900

Adhesives & Plasticizers
960

 
1,011

Advanced Materials
4,249

 
4,235

Fibers
997

 
986

Specialty Fluids & Intermediates
3,603

 
3,710

Total Assets by Segment
14,622

 
14,842

Corporate Assets
1,258

 
1,230

Total Assets
$
15,880

 
$
16,072



(1) 
The chief operating decision maker holds segment management accountable for accounts receivable, inventory, fixed assets, goodwill, and intangible assets.