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SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION

As reported in the 2015 Annual Report on Form 10-K, the Company's products and operations were managed and reported in five operating segments: Additives & Functional Products ("AFP"), Adhesives & Plasticizers ("A&P"), Advanced Materials ("AM"), Fibers, and Specialty Fluids & Intermediates ("SFI"). Beginning first quarter 2016, as a result of changes in the Company's organizational structure and management, the Company's products and operations are managed and reported in four operating segments: AFP, AM, Chemical Intermediates ("CI"), and Fibers. The new structure supports the Company's strategy to transform towards a specialty portfolio by better aligning similar businesses in a more streamlined structure.

Under the new structure, the adhesives resins product line of the former A&P segment is moved to the AFP segment, the specialty fluids product line of the former SFI segment is moved to the AFP segment, and the plasticizers product line of the former A&P segment is moved to the new CI segment. In addition to the product line changes, there were shifts in products among product lines in different segments. Acetyl and olefin products with animal nutrition and food ingredient applications of the former SFI segment are moved to the AFP segment as part of the care chemicals and animal nutrition product lines. Distribution solvents, ethylene oxide derivatives, and ethyl acetate products are moved from the AFP segment to the new CI segment in the other intermediates product line.

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 2015 Annual Report on Form 10-K.

 
First Quarter
(Dollars in millions)
2016
 
2015
Sales
 
 
 
Additives & Functional Products
$
737

 
$
804

Advanced Materials
589

 
561

Chemical Intermediates
620

 
782

Fibers
280

 
284

Total Sales by Segment
2,226

 
2,431

Other
10

 
12

Total Sales
$
2,236

 
$
2,443

 
First Quarter
(Dollars in millions)
2016
 
2015
Operating Earnings (Loss)
 
 
 
Additives & Functional Products
$
153

 
$
157

Advanced Materials
108

 
68

Chemical Intermediates
67

 
118

Fibers
86

 
(7
)
Total Operating Earnings by Segment
414

 
336

Other:
 

 
 

Growth initiatives and businesses not allocated to segments
(18
)
 
(26
)
Pension and other postretirement benefits income, net not allocated to operating segments
12

 
9

Acquisition integration, transaction, and restructuring costs
(9
)
 
(8
)
Total Operating Earnings
$
399

 
$
311

 
 
 
 

 
March 31,
 
December 31,
(Dollars in millions)
2016
 
2015
Assets by Segment (1)
 
 
 
Additives & Functional Products
$
6,471

 
$
6,370

Advanced Materials
4,338

 
4,227

Chemical Intermediates
3,147

 
2,930

Fibers
768

 
969

Total Assets by Segment
14,724

 
14,496

Corporate Assets
892

 
1,084

Total Assets
$
15,616

 
$
15,580



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