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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill
(Dollars in millions)Advanced MaterialsAdditives & Functional ProductsChemical IntermediatesOtherTotal
Balance at December 31, 2020$1,292 $2,397 $766 $10 $4,465 
Divestiture— (398)— — (398)
Held for sale (1)
— (399)— — (399)
Currency translation adjustments(6)(15)(6)— (27)
Balance at December 31, 20211,286 1,585 760 10 3,641 
Acquisitions (2)
15 30 — — 45 
Currency translation adjustments(5)(14)(3)— (22)
Balance at December 31, 2022$1,296 $1,601 $757 $10 $3,664 
(1)Held for sale goodwill was divested in 2022.
(2)Measurement period adjustments related to prior year acquisitions.
Schedule of Finite Lived and Indefinite Lived Intangible Assets by Major Class
December 31, 2022December 31, 2021
(Dollars in millions)Estimated Useful Life in YearsGross Carrying ValueAccumulated AmortizationNet Carrying ValueGross Carrying ValueAccumulated AmortizationNet Carrying Value
Amortizable intangible assets:
Customer relationships8-25$1,134 $535 $599 $1,144 $479 $665 
Technology7-20505 331 174 581 304 277 
Other16-37110 32 78 87 26 61 
Indefinite-lived intangible assets:
Tradenames349 — 349 349 — 349 
Other10 — 10 10 — 10 
Total identified intangible assets$2,108 $898 $1,210 $2,171 $809 $1,362