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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 204 $ 226
Trade receivables, net of allowance for doubtful accounts 980 1,154
Miscellaneous receivables 395 329
Inventories 1,662 1,583
Other current assets 80 73
Total current assets 3,321 3,365
Properties    
Properties and equipment at cost 12,904 12,731
Less: Accumulated depreciation 7,333 7,131
Net properties 5,571 5,600
Goodwill 4,431 4,467
Intangible assets, net of accumulated amortization 2,011 2,185
Other noncurrent assets 674 378
Total assets [1] 16,008 15,995
Current liabilities    
Payables and other current liabilities 1,618 1,608
Borrowings due within one year 171 243
Total current liabilities 1,789 1,851
Long-term borrowings 5,611 5,925
Deferred income tax liabilities 915 884
Post-employment obligations 1,016 925
Other long-term liabilities 645 532
Total liabilities 9,976 10,117
Stockholders' equity    
Common stock ($0.01 par value per share – 350,000,000 shares authorized; shares issued – 219,638,646 and 219,140,523 for 2019 and 2018, respectively) 2 2
Additional paid-in capital 2,105 2,048
Retained earnings 7,965 7,573
Accumulated other comprehensive loss (214) (245)
Total stockholders' equity before treasury stock 9,858 9,378
Less: Treasury stock at cost (83,696,398 shares for 2019 and 79,413,989 shares for 2018) 3,900 3,575
Total Eastman stockholders' equity 5,958 5,803
Noncontrolling interest 74 75
Total equity 6,032 5,878
Total liabilities and stockholders' equity $ 16,008 $ 15,995
[1]
The chief operating decision maker holds operating segment management accountable for accounts receivable, inventory, fixed assets, goodwill, and intangible assets.