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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 493 $ 459
Trade receivables, net of allowance for credit losses 957 1,091
Miscellaneous receivables 320 489
Inventories 1,894 1,504
Other current assets 114 96
Assets held for sale 0 1,007
Total current assets 3,778 4,646
Properties    
Properties and equipment at cost 12,942 12,680
Less:  Accumulated depreciation 7,782 7,684
Net properties 5,160 4,996
Goodwill 3,664 3,641
Intangible assets, net of accumulated amortization 1,210 1,362
Other noncurrent assets 855 874
Total assets 14,667 15,519
Current liabilities    
Payables and other current liabilities 2,125 2,133
Borrowings due within one year 1,126 747
Liabilities held for sale 0 91
Total current liabilities 3,251 2,971
Long-term borrowings 4,025 4,412
Deferred income tax liabilities 671 810
Post-employment obligations 628 811
Other long-term liabilities 856 727
Total liabilities $ 9,431 $ 9,731
Common stock, shares issued (in shares) 222,348,557 221,809,309
Common Stock, Shares Authorized 350,000,000 350,000,000
Common stock, par value (in dollars per share) $ 0.01 $ 0.01
Stockholders' equity    
Common stock ($0.01 par value per share – 350,000,000 shares authorized; shares issued – 222,348,557 and 221,809,309 for 2022 and 2021, respectively) $ 2 $ 2
Additional paid-in capital 2,315 2,187
Retained earnings 8,973 8,557
Accumulated other comprehensive loss (205) (182)
Total stockholders' equity before treasury stock $ 11,085 $ 10,564
Treasury stock at cost (in shares) 103,602,488 92,892,229
Less: Treasury stock at cost (103,602,488 and 92,892,229 shares for 2022 and 2021, respectively) $ 5,932 $ 4,860
Total Eastman stockholders' equity 5,153 5,704
Noncontrolling interest 83 84
Total equity 5,236 5,788
Total liabilities and stockholders' equity $ 14,667 $ 15,519