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SEGMENT AND REGIONAL SALES INFORMATION

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

SEGMENT INFORMATION

SEGMENT AND REGIONAL SALES INFORMATION

Eastman's products and operations are managed and reported in four operating segments: Additives & Functional Products ("AFP"), Advanced Materials ("AM"), Chemical Intermediates ("CI"), and Fibers. The economic factors that impact the nature, amount, timing, and uncertainty of revenue and cash flows vary between the Company's business operating segments and the geographical regions in which they serve. For disaggregation of revenue by major product lines and regions for each business operating segment, see Note 19, "Segment and Regional Sales Information", to the consolidated financial statements in Part II, Item 8 of the Company's 2019 Annual Report on Form 10-K. For additional financial information for each segment, see Part I, Item 1, "Business - Business Segments", in the Company's 2019 Annual Report on Form 10-K.

(Dollars in millions)			First Quarter
Sales by Segment			2020						2019
Additives & Functional Products			$	822					$	855
Advanced Materials			615						657
Chemical Intermediates			592						655
Fibers			212						213
Total Sales			$	2,241					$	2,380

(Dollars in millions)			First Quarter
Earnings Before Interest and Taxes by Segment			2020						2019
Additives & Functional Products			$	143					$	146
Advanced Materials			100						102
Chemical Intermediates			80						73
Fibers			53						42
Total Earnings Before Interest and Taxes by Operating Segment			376						363
Other
Growth initiatives and businesses not allocated to operating segments			(23)						(27)
Pension and other postretirement benefits income (expense), net not allocated to operating segments			21						12
Asset impairments and restructuring charges, net			—						(28)
Other income (charges), net not allocated to operating segments			(6)						—
Total Earnings Before Interest and Taxes			$	368					$	320

(Dollars in millions)			March 31,						December 31,
Assets by Segment (1)			2020						2019
Additives & Functional Products			$	6,375					$	6,387
Advanced Materials			4,429						4,415
Chemical Intermediates			2,703						2,775
Fibers			1,020						1,014
Total Assets by Operating Segment			14,527						14,591
Corporate Assets			1,938						1,417
Total Assets			$	16,465					$	16,008

⁽¹⁾Segment assets include accounts receivable, inventory, fixed assets, goodwill, and intangible assets.

(Dollars in millions)			First Quarter
Sales by Customer Location			2020						2019
United States and Canada			$	980					$	1,000
Asia Pacific			495						553
Europe, Middle East, and Africa			631						689
Latin America			135						138
Total Sales			$	2,241					$	2,380

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- References

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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