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SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION

The Company's products and operations are managed and reported in four operating segments: Additives & Functional Products ("AFP"), Advanced Materials ("AM"), Chemical Intermediates ("CI"), and Fibers. For additional financial and product information for each segment, see Part 1, Item 1, Business -- Business Segments and Part II, Item 8, Note 20, "Segment Information", in the Company's 2016 Annual Report on Form 10-K.

 
Second Quarter
 
First Six Months
(Dollars in millions)
2017
 
2016
 
2017
 
2016
Sales
 
 
 
 
 
 
 
Additives & Functional Products
$
830

 
$
770

 
$
1,603

 
$
1,507

Advanced Materials
657

 
646

 
1,291

 
1,235

Chemical Intermediates
703

 
633

 
1,373

 
1,253

Fibers
215

 
234

 
428

 
514

Total Sales by Segment
2,405

 
2,283

 
4,695

 
4,509

Other
14

 
14

 
27


24

Total Sales
$
2,419

 
$
2,297

 
$
4,722

 
$
4,533


 
Second Quarter
 
First Six Months
(Dollars in millions)
2017
 
2016
 
2017
 
2016
Operating Earnings (Loss)
 
 
 
 
 
 
 
Additives & Functional Products
$
159

 
$
168

 
$
311

 
$
321

Advanced Materials
137

 
132

 
258

 
240

Chemical Intermediates
83

 
15

 
165

 
82

Fibers
55

 
72

 
107

 
158

Total Operating Earnings by Segment
434

 
387

 
841

 
801

Other
 

 
 

 
 
 
 
Growth initiatives and businesses not allocated to segments
(32
)
 
(24
)
 
(60
)
 
(42
)
Pension and other postretirement benefits income, net not allocated to operating segments
18

 
13

 
36

 
25

Acquisition integration and transaction costs
—

 
—

 
—

 
(9
)
Total Operating Earnings
$
420

 
$
376

 
$
817

 
$
775



 
June 30,
 
December 31,
(Dollars in millions)
2017
 
2016
Assets by Segment (1)
 
 
 
Additives & Functional Products
$
6,497

 
$
6,255

Advanced Materials
4,382

 
4,247

Chemical Intermediates
2,997

 
2,927

Fibers
950

 
920

Total Assets by Segment
14,826

 
14,349

Corporate Assets
1,138

 
1,108

Total Assets
$
15,964

 
$
15,457



(1) 
Segment assets include accounts receivable, inventory, fixed assets, goodwill, and intangible assets. Segment asset balances for shared fixed assets within the CI and Fibers segments as of December 31, 2016 have been reclassified to conform to current period allocation methodology.