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UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 456 $ 459
Trade receivables, net of allowance for doubtful accounts 1,210 1,091
Miscellaneous receivables 425 489
Inventories 1,826 1,504
Other current assets 86 96
Assets held for sale 0 1,007
Total current assets 4,003 4,646
Properties    
Properties and equipment at cost 12,743 12,680
Less: Accumulated depreciation 7,784 7,684
Net properties 4,959 4,996
Goodwill 3,663 3,641
Intangible assets, net of accumulated amortization 1,248 1,362
Other noncurrent assets 1,002 874
Total assets [1] 14,875 15,519
Current liabilities    
Payables and other current liabilities 2,169 2,133
Borrowings due within one year 979 747
Liabilities held for sale 0 91
Total current liabilities 3,148 2,971
Long-term borrowings 4,012 4,412
Deferred income tax liabilities 738 810
Post-employment obligations 768 811
Other long-term liabilities 802 727
Total liabilities $ 9,468 $ 9,731
Common stock, shares issued (in shares) 222,316,005 221,809,309
Common stock, par value (in dollars per share) $ 0.01  
Stockholders' equity    
Common stock ($0.01 par value – 350,000,000 shares authorized; shares issued – 222,316,005 and 221,809,309 for 2022 and 2021, respectively) $ 2 $ 2
Additional paid-in capital 2,179 2,187
Retained earnings 8,857 8,557
Accumulated other comprehensive income (loss) (143) (182)
 Stockholder's Equity before Treasury Stock 10,895 10,564
Less: Treasury stock at cost (99,558,298 and 92,892,229 shares for 2022 and 2021, respectively) 5,572 4,860
Total Eastman stockholders' equity 5,323 5,704
Noncontrolling interest 84 84
Total equity 5,407 5,788
Total liabilities and stockholders' equity $ 14,875 $ 15,519
Treasury stock at cost (in shares) 99,558,298 92,892,229
Common stock, shares authorized (in shares) 350,000,000  
[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.