XML 50 R36.htm IDEA: XBRL DOCUMENT v3.22.2

SEGMENT AND REGIONAL SALES INFORMATION (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Segment Information Disclosure

(Dollars in millions)			Second Quarter												First Six Months
Sales by Segment			2022						2021						2022						2021
Additives & Functional Products			$	835					$	655					$	1,640					$	1,264
Advanced Materials			846						769						1,583						1,485
Chemical Intermediates			861						736						1,660						1,341
Fibers			242						223						455						440
Total Sales by Operating Segment			2,784						2,383						5,338						4,530
Other (1)			—						270						160						532
Total Sales			$	2,784					$	2,653					$	5,498					$	5,062

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

(Dollars in millions)			Second Quarter												First Six Months
Earnings (Loss) Before Interest and Taxes by Segment			2022						2021						2022						2021
Additives & Functional Products			$	148					$	109					$	293					$	216
Advanced Materials			141						150						202						296
Chemical Intermediates			154						137						288						206
Fibers			37						37						61						82
Total Earnings Before Interest and Taxes by Operating Segment			480						433						844						800
Other (1)
Growth initiatives and businesses not allocated to operating segments			(53)						(18)						(85)						(17)
Pension and other postretirement benefits income (expense), net not allocated to operating segments			26						27						49						54
Asset impairments and restructuring charges, net			(1)						(3)						(1)						(5)
Net gain (loss) on divested businesses and transaction costs			5						(495)						(1)						(495)
Steam line incident costs, net of insurance proceeds			(17)						—						(42)						—
Other income (charges), net not allocated to operating segments			(14)						—						(5)						(4)
Total Earnings Before Interest and Taxes			$	426					$	(56)					$	759					$	333

(1)"Other" includes EBIT of $6 million in first six months 2022 and loss before interest and taxes of $477 million and $449 million in second quarter and first six months 2021, respectively, from the divested rubber additives and adhesives resins businesses previously part of the AFP segment.

(Dollars in millions)			June 30,						December 31,
Assets by Segment (1)			2022						2021
Additives & Functional Products			$	4,211					$	4,188
Advanced Materials			4,778						4,661
Chemical Intermediates			2,741						2,703
Fibers			1,008						972
Total Assets by Operating Segment			12,738						12,524
Corporate & Other Assets			2,137						2,995
Total Assets			$	14,875					$	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)			Second Quarter												First Six Months
Sales by Customer Location			2022						2021						2022						2021
United States and Canada			$	1,304					$	1,197					$	2,502					$	2,201
Europe, Middle East, and Africa			681						688						1,426						1,344
Asia Pacific			638						611						1,250						1,219
Latin America			161						157						320						298
Total Sales			$	2,784					$	2,653					$	5,498					$	5,062

X

- 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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration