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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 459 $ 564
Trade receivables, net of allowance for credit losses 1,091 1,033
Miscellaneous receivables 489 482
Inventories 1,504 1,379
Other current assets 96 83
Assets held for sale 1,007 0
Total current assets 4,646 3,541
Properties    
Properties and equipment at cost 12,680 13,531
Less:  Accumulated depreciation 7,684 7,982
Net properties 4,996 5,549
Goodwill 3,641 4,465
Intangible assets, net of accumulated amortization 1,362 1,792
Other noncurrent assets 874 736
Total assets [1] 15,519 16,083
Current liabilities    
Payables and other current liabilities 2,133 1,689
Borrowings due within one year 747 349
Liabilities held for sale 91 0
Total current liabilities 2,971 2,038
Long-term borrowings 4,412 5,269
Deferred Income Tax Liabilities, Net 810 848
Post-employment obligations 811 1,143
Other long-term liabilities 727 677
Total liabilities 9,731 9,975
Stockholders' equity    
Common stock ($0.01 par value per share – 350,000,000 shares authorized; shares issued – 221,809,309 and 220,641,506 for 2021 and 2020, respectively) 2 2
Additional paid-in capital 2,187 2,174
Retained earnings 8,557 8,080
Accumulated other comprehensive loss (182) (273)
Total stockholders' equity before treasury stock 10,564 9,983
Less: Treasury stock at cost (92,892,229 and 84,830,450 shares for 2021 and 2020, respectively) 4,860 3,960
Total Eastman stockholders' equity 5,704 6,023
Noncontrolling interest 84 85
Total equity 5,788 6,108
Total liabilities and stockholders' equity $ 15,519 $ 16,083
[1] The chief operating decision maker holds operating segment management accountable for accounts receivable, inventory, fixed assets, goodwill, and intangible assets.