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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 191 $ 181
Trade receivables, net of allowance for doubtful accounts 1,026 812
Miscellaneous receivables 360 399
Inventories 1,509 1,404
Other current assets 57 70
Total current assets 3,143 2,866
Properties    
Properties and equipment at cost 12,370 11,699
Less: Accumulated depreciation 6,763 6,423
Net properties 5,607 5,276
Goodwill 4,527 4,461
Intangible assets, net of accumulated amortization 2,373 2,479
Other noncurrent assets 349 375
Total assets [1] 15,999 15,457
Current liabilities    
Payables and other current liabilities 1,589 1,512
Borrowings due within one year 393 283
Total current liabilities 1,982 1,795
Long-term borrowings 6,147 6,311
Deferred income tax liabilities 893 1,206
Post-employment obligations 963 1,018
Other long-term liabilities 534 519
Total liabilities 10,519 10,849
Stockholders' equity    
Common stock ($0.01 par value per share – 350,000,000 shares authorized; shares issued – 218,369,992 and 217,707,600 for 2017 and 2016, respectively) 2 2
Additional paid-in capital 1,983 1,915
Retained earnings 6,802 5,721
Accumulated other comprehensive loss (209) (281)
Total stockholders' equity before treasury stock 8,578 7,357
Less: Treasury stock at cost (75,454,111 shares for 2017 and 71,269,474 shares for 2016) 3,175 2,825
Total Eastman stockholders' equity 5,403 4,532
Noncontrolling interest 77 76
Total equity 5,480 4,608
Total liabilities and stockholders' equity $ 15,999 $ 15,457
[1] The chief operating decision maker holds operating segment management accountable for 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.