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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash and cash equivalents $ 564 $ 204
Trade receivables, net of allowance for credit losses 1,033 980
Miscellaneous receivables 482 395
Inventories 1,379 1,662
Other current assets 83 80
Total current assets 3,541 3,321
Properties    
Properties and equipment at cost 13,531 13,081
Less:  Accumulated depreciation 7,982 7,510
Net properties 5,549 5,571
Goodwill 4,465 4,431
Intangible assets, net of accumulated amortization 1,792 2,011
Other noncurrent assets 736 674
Total assets [1] 16,083 16,008
Current liabilities    
Payables and other current liabilities 1,689 1,618
Borrowings due within one year 349 171
Total current liabilities 2,038 1,789
Long-term borrowings 5,269 5,611
Deferred Income Tax Liabilities, Net 848 915
Post-employment obligations 1,143 1,016
Other long-term liabilities 677 645
Total liabilities 9,975 9,976
Stockholders' equity    
Common stock ($0.01 par value per share – 350,000,000 shares authorized; shares issued – 220,641,506 and 219,638,646 for 2020 and 2019, respectively) 2 2
Additional paid-in capital 2,174 2,105
Retained earnings 8,080 7,965
Accumulated other comprehensive loss (273) (214)
Total stockholders' equity before treasury stock 9,983 9,858
Less: Treasury stock at cost (84,830,450 shares for 2020 and 83,696,398 shares for 2019) 3,960 3,900
Total Eastman stockholders' equity 6,023 5,958
Noncontrolling interest 85 74
Total equity 6,108 6,032
Total liabilities and stockholders' equity $ 16,083 $ 16,008
[1] The chief operating decision maker holds operating segment management accountable for accounts receivable, inventory, fixed assets, goodwill, and intangible assets.