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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 226 $ 191
Trade receivables, net of allowance for doubtful accounts 1,154 1,026
Miscellaneous receivables 329 360
Inventories 1,583 1,509
Other current assets 73 57
Total current assets 3,365 3,143
Properties    
Properties and equipment at cost 12,731 12,370
Less: Accumulated depreciation 7,131 6,763
Net properties 5,600 5,607
Goodwill 4,467 4,527
Intangible assets, net of accumulated amortization 2,185 2,373
Other noncurrent assets 378 349
Total assets [1] 15,995 15,999
Current liabilities    
Payables and other current liabilities 1,608 1,589
Borrowings due within one year 243 393
Total current liabilities 1,851 1,982
Long-term borrowings 5,925 6,147
Deferred income tax liabilities 884 893
Post-employment obligations 925 963
Other long-term liabilities 532 534
Total liabilities 10,117 10,519
Stockholders' equity    
Common stock ($0.01 par value per share – 350,000,000 shares authorized; shares issued – 219,140,523 and 218,369,992 for 2018 and 2017, respectively) 2 2
Additional paid-in capital 2,048 1,983
Retained earnings 7,573 6,802
Accumulated other comprehensive loss (245) (209)
Total stockholders' equity before treasury stock 9,378 8,578
Less: Treasury stock at cost (79,413,989 shares for 2018 and 75,454,111 shares for 2017) 3,575 3,175
Total Eastman stockholders' equity 5,803 5,403
Noncontrolling interest 75 77
Total equity 5,878 5,480
Total liabilities and stockholders' equity $ 15,995 $ 15,999
[1] The chief operating decision maker holds operating segment management accountable for accounts receivable, inventory, fixed assets, goodwill, and intangible assets.