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SEGMENT AND REGIONAL SALES INFORMATION (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Segment Information Disclosure

(Dollars in millions)			First Quarter
Sales by Segment			2022						2021
Additives & Functional Products			$	805					$	609
Advanced Materials			737						716
Chemical Intermediates			799						605
Fibers			213						217
Total Sales by Operating Segment			2,554						2,147
Other (1)			160						262
Total Sales			$	2,714					$	2,409

(1)"Other" includes sales revenue from the divested rubber additives and held for sale adhesives resins businesses previously part of the AFP segment.

(Dollars in millions)			First Quarter
Earnings (Loss) Before Interest and Taxes by Segment			2022						2021
Additives & Functional Products			$	145					$	107
Advanced Materials			61						146
Chemical Intermediates			134						69
Fibers			24						45
Total Earnings Before Interest and Taxes by Operating Segment			364						367
Other (1)
Growth initiatives and businesses not allocated to operating segments			(32)						1
Pension and other postretirement benefits income (expense), net not allocated to operating segments			23						27
Asset impairments and restructuring charges, net			—						(2)
Transaction costs net of gain on divested business			(6)						—
Steam line incident costs, net of insurance proceeds			(25)						—
Other income (charges), net not allocated to operating segments			9						(4)
Total Earnings Before Interest and Taxes			$	333					$	389

(1)"Other" includes EBIT of $6 million and $28 million in first quarter 2022 and 2021, respectively, from the divested rubber additives and held for sale adhesives resins businesses previously part of the AFP segment.

(Dollars in millions)			March 31,						December 31,
Assets by Segment (1)			2022						2021
Additives & Functional Products			$	4,416					$	4,188
Advanced Materials			4,704						4,661
Chemical Intermediates			2,785						2,703
Fibers			1,023						972
Total Assets by Operating Segment			12,928						12,524
Corporate & Other Assets			2,878						2,995
Total Assets			$	15,806					$	15,519

(1)Segment assets include accounts receivable, inventory, fixed assets, goodwill, and intangible assets. As disclosed in Note 1, "Significant Accounting Policies", December 31, 2021 Assets by Segment have been recast from Note 20, "Segment and Regional Sales Information", to the Company's 2021 Annual Report on Form 10-K. Prior to the recast, December 31, 2021 assets reported for the AFP segment were revised from $4,643 million to $5,195 million, and assets reported for Corporate & Other Assets were revised from $2,540 million to $1,988 million. Total assets were not impacted by the misclassification.

(Dollars in millions)			First Quarter
Sales by Customer Location			2022						2021
United States and Canada			$	1,198					$	1,004
Europe, Middle East, and Africa			745						656
Asia Pacific			612						608
Latin America			159						141
Total Sales			$	2,714					$	2,409

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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