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SEGMENT INFORMATION (Tables)
9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Segment Information Disclosure
 
Third Quarter
 
First Nine Months
(Dollars in millions)
2016
 
2015
 
2016
 
2015
Sales
 
 
 
 
 
 
 
Additives & Functional Products
$
752

 
$
794

 
$
2,259

 
$
2,428

Advanced Materials
638

 
624

 
1,873

 
1,832

Chemical Intermediates
638

 
697

 
1,891

 
2,224

Fibers
248

 
320

 
762

 
903

Total Sales by Segment
2,276

 
2,435

 
6,785

 
7,387

Other
11

 
12

 
35


36

Total Sales
$
2,287

 
$
2,447

 
$
6,820

 
$
7,423


 
Third Quarter
 
First Nine Months
(Dollars in millions)
2016
 
2015
 
2016
 
2015
Operating Earnings (Loss)
 
 
 
 
 
 
 
Additives & Functional Products
$
160

 
$
176

 
$
481

 
$
511

Advanced Materials
141

 
98

 
381

 
301

Chemical Intermediates
39

 
72

 
121

 
277

Fibers
79

 
102

 
237

 
188

Total Operating Earnings by Segment
419

 
448

 
1,220

 
1,277

Other
 

 
 

 
 
 
 
Growth initiatives and businesses not allocated to segments
(17
)
 
(18
)
 
(59
)
 
(66
)
Pension and other postretirement benefits (loss) income, net not allocated to operating segments
(16
)
 
11

 
9

 
28

Acquisition integration, transaction, and restructuring costs
(30
)
 
(9
)
 
(39
)
 
(27
)
Total Operating Earnings
$
356

 
$
432

 
$
1,131

 
$
1,212



 
September 30,
 
December 31,
(Dollars in millions)
2016
 
2015
Assets by Segment (1)
 
 
 
Additives & Functional Products
$
6,345

 
$
6,370

Advanced Materials
4,295

 
4,227

Chemical Intermediates
3,105

 
2,930

Fibers
775

 
969

Total Assets by Segment
14,520

 
14,496

Corporate Assets
969

 
1,084

Total Assets
$
15,489

 
$
15,580



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