XML 72 R58.htm IDEA: XBRL DOCUMENT v3.22.2
SEGMENT AND REGIONAL SALES INFORMATION (Details)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2022
USD ($)
Jun. 30, 2021
USD ($)
Jun. 30, 2022
USD ($)
Segment
Jun. 30, 2021
USD ($)
Dec. 31, 2021
USD ($)
Segment Reporting Information [Line Items]          
Number of Operating Segments | Segment     4    
Sales [Abstract]          
Sales $ 2,784 $ 2,653 $ 5,498 $ 5,062  
Earnings (Loss) Before Interest and Taxes [Abstract]          
Earnings before interest and taxes 426 (56) 759 333  
Segment Reporting Information, Additional Information [Abstract]          
Assets by Segment [1] 14,875   14,875   $ 15,519
Operating Segments [Member]          
Sales [Abstract]          
Sales 2,784 2,383 5,338 4,530  
Earnings (Loss) Before Interest and Taxes [Abstract]          
Earnings before interest and taxes 480 433 844 800  
Segment Reporting Information, Additional Information [Abstract]          
Assets by Segment [1] 12,738   12,738   12,524
Corporate, Non-Segment [Member]          
Sales [Abstract]          
Sales [2] 0 270 160 532  
Corporate, Non-Segment [Member] | Growth Initiatives and Businesses not Allocated to Segments [Member]          
Earnings (Loss) Before Interest and Taxes [Abstract]          
Earnings before interest and taxes [3] (53) (18) (85) (17)  
Corporate, Non-Segment [Member] | Pension and OPEB Costs Not Allocated to Operating Segments [Member]          
Earnings (Loss) Before Interest and Taxes [Abstract]          
Earnings before interest and taxes 26 27 49 54  
Corporate, Non-Segment [Member] | Other Nonoperating Income (Expense) [Member]          
Earnings (Loss) Before Interest and Taxes [Abstract]          
Earnings before interest and taxes (14) 0 (5) (4)  
Corporate, Non-Segment [Member] | Transaction costs and Gain/Loss on Business          
Earnings (Loss) Before Interest and Taxes [Abstract]          
Earnings before interest and taxes 5 (495) (1) (495)  
Corporate, Non-Segment [Member] | Steam Line Incident          
Earnings (Loss) Before Interest and Taxes [Abstract]          
Earnings before interest and taxes (17) 0 (42) 0  
Corporate, Non-Segment [Member] | Asset impairments and restructuring charges, net          
Earnings (Loss) Before Interest and Taxes [Abstract]          
Earnings before interest and taxes (1) (3) (1) (5)  
Corporate, Non-Segment [Member] | Divested businesses          
Earnings (Loss) Before Interest and Taxes [Abstract]          
Earnings before interest and taxes   (477) 6 (449)  
Additives And Functional Products [Member]          
Earnings (Loss) Before Interest and Taxes [Abstract]          
Earnings before interest and taxes 148 109 293 216  
Segment Reporting Information, Additional Information [Abstract]          
Assets by Segment [1] 4,211   4,211   4,188
Additives And Functional Products [Member] | Previously Reported          
Segment Reporting Information, Additional Information [Abstract]          
Assets by Segment         4,643
Additives And Functional Products [Member] | Prior Period Revised          
Segment Reporting Information, Additional Information [Abstract]          
Assets by Segment         5,195
Additives And Functional Products [Member] | Operating Segments [Member]          
Sales [Abstract]          
Sales 835 655 1,640 1,264  
Advanced Materials [Member]          
Earnings (Loss) Before Interest and Taxes [Abstract]          
Earnings before interest and taxes 141 150 202 296  
Segment Reporting Information, Additional Information [Abstract]          
Assets by Segment [1] 4,778   4,778   4,661
Advanced Materials [Member] | Operating Segments [Member]          
Sales [Abstract]          
Sales 846 769 1,583 1,485  
Chemical Intermediates [Member]          
Earnings (Loss) Before Interest and Taxes [Abstract]          
Earnings before interest and taxes 154 137 288 206  
Segment Reporting Information, Additional Information [Abstract]          
Assets by Segment [1] 2,741   2,741   2,703
Chemical Intermediates [Member] | Operating Segments [Member]          
Sales [Abstract]          
Sales 861 736 1,660 1,341  
Fibers [Member]          
Earnings (Loss) Before Interest and Taxes [Abstract]          
Earnings before interest and taxes 37 37 61 82  
Segment Reporting Information, Additional Information [Abstract]          
Assets by Segment [1] 1,008   1,008   972
Fibers [Member] | Operating Segments [Member]          
Sales [Abstract]          
Sales 242 223 455 440  
Corporate and Other          
Segment Reporting Information, Additional Information [Abstract]          
Assets by Segment [1] 2,137   2,137   2,995
Corporate and Other | Previously Reported          
Segment Reporting Information, Additional Information [Abstract]          
Assets by Segment         2,540
Corporate and Other | Prior Period Revised          
Segment Reporting Information, Additional Information [Abstract]          
Assets by Segment         $ 1,988
North America [Member]          
Sales [Abstract]          
Sales 1,304 1,197 2,502 2,201  
Asia Pacific [Member]          
Sales [Abstract]          
Sales 638 611 1,250 1,219  
EMEA [Member]          
Sales [Abstract]          
Sales 681 688 1,426 1,344  
Latin America [Member]          
Sales [Abstract]          
Sales $ 161 $ 157 $ 320 $ 298  
[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.
[2] "Other" includes sales revenue from the divested rubber additives and adhesives resins businesses previously part of the AFP segment.
[3] "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.