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GOODWILL AND OTHER INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS In first quarter 2016, as a result of the changes in Eastman's organizational and management structure, goodwill was reassigned to operating segments using a relative fair value allocation. In conjunction with the organizational changes, during first quarter 2016 Eastman performed an impairment assessment and concluded that no indication of an impairment existed. For further information on the organizational changes, see Note 1, "Significant Accounting Policies", and Note 20, "Segment Information". Changes in the carrying amount of goodwill follow:
(Dollars in millions) | Additives & Functional Products |  | Adhesives & Plasticizers |  | Advanced Materials |  | Chemical Intermediates |  | Other Segments |  | Total
Balance at December 31, 2014 | $ | 1,858 |  |  | $ | 118 |  |  | $ | 1,297 |  |  | $ | 1,200 |  |  | $ | 13 |  |  | $ | 4,486 |
Impairments | — |  |  | — |  |  | — |  |  | — |  |  | (3 | ) |  | (3 | )
Adjustments resulting from the finalization of fair values related to the Taminco acquisition | 8 |  |  | — |  |  | — |  |  | 38 |  |  | — |  |  | 46 |
Currency translation adjustments and other | (1 | ) |  | (7 | ) |  | (4 | ) |  | 1 |  |  | — |  |  | (11 | )
Balance at December 31, 2015 | $ | 1,865 |  |  | $ | 111 |  |  | $ | 1,293 |  |  | $ | 1,239 |  |  | $ | 10 |  |  | $ | 4,518 |
Transfers of goodwill resulting from resegmentation | 583 |  |  | (111 | ) |  | — |  |  | (472 | ) |  | — |  |  | — |
Currency translation adjustments (1) | (32 | ) |  | — |  |  | (18 | ) |  | (7 | ) |  | — |  |  | (57 | )
Balance at December 31, 2016 | $ | 2,416 |  |  | $ | — |  |  | $ | 1,275 |  |  | $ | 760 |  |  | $ | 10 |  |  | $ | 4,461 |
(1) | See Note 1, "Significant Accounting Policies", regarding correction of prior period foreign currency translation.
As of December 31, 2016, the reported balance of goodwill included accumulated impairment losses of $23 million, $12 million, and $14 million in the AFP segment, CI segment, and other segments, respectively. As of December 31, 2015, the reported balance of goodwill included accumulated impairment losses of $35 million and $14 million in the Adhesives & Plasticizers segment and other segments, respectively. The carrying amount of intangible assets follow:
|  |  |  | December 31, 2016 |  | December 31, 2015
(Dollars in millions) | Estimated Useful Life in Years | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value
Amortizable intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships | 15 | - | 25 | $ | 1,542 |  |  | $ | 267 |  |  | $ | 1,275 |  |  | $ | 1,547 |  |  | $ | 187 |  |  | $ | 1,360 |
Technology | 7 | - | 20 | 675 |  |  | 196 |  |  | 479 |  |  | 680 |  |  | 146 |  |  | 534 |
Contracts |  | 5 |  | 180 |  |  | 75 |  |  | 105 |  |  | 180 |  |  | 39 |  |  | 141 |
Other | 5 | - | 37 | 99 |  |  | 14 |  |  | 85 |  |  | 99 |  |  | 10 |  |  | 89 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tradenames |  |  |  | 525 |  |  | — |  |  | 525 |  |  | 526 |  |  | — |  |  | 526 |
Total identified intangible assets |  |  |  | $ | 3,021 |  |  | $ | 552 |  |  | $ | 2,469 |  |  | $ | 3,032 |  |  | $ | 382 |  |  | $ | 2,650 |
Amortization expense of definite-lived intangible assets related to continuing operations was $166 million, $163 million, and $90 million for 2016, 2015, and 2014, respectively. Estimated amortization expense for future periods is $165 million in each year for 2017 through 2019 and $125 million in each year for 2020 through 2021. As a result of the annual impairment testing of indefinite-lived intangible assets in 2015, the Company recognized intangible asset impairments of $18 million on tradenames. See Note 16, "Asset Impairments and Restructuring", for additional information regarding impairments of tradenames.

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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16373-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
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