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SEGMENT AND REGIONAL SALES INFORMATION (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Segment Information Disclosure

(Dollars in millions)			First Quarter
Sales by Segment			2023						2022
Advanced Materials			$	742					$	737
Additives & Functional Products (1)			777						889
Chemical Intermediates (1)			589						715
Fibers			303						213
Total Sales by Operating Segment			2,411						2,554
Other (2)			1						160
Total Sales			$	2,412					$	2,714

(1)2022 is reclassified to conform to current period presentation.

(2)"Other" in first quarter 2022 is sales revenue from the previously divested business.

(Dollars in millions)			First Quarter
Earnings (Loss) Before Interest and Taxes by Segment			2023						2022
Advanced Materials			$	86					$	61
Additives & Functional Products (1)			124						167
Chemical Intermediates (1)			42						112
Fibers			65						24
Total Earnings Before Interest and Taxes by Operating Segment			317						364
Other (2)
Growth initiatives and businesses not allocated to operating segments			(51)						(32)
Pension and other postretirement benefits income (expense), net not allocated to operating segments			(4)						23
Asset impairments and restructuring charges, net			(16)						—
Transaction costs, net of gain on divested business			—						(6)
Net steam line incident (costs), insurance proceeds			8						(25)
Other income (charges), net not allocated to operating segments			(8)						9
Total Earnings Before Interest and Taxes			$	246					$	333

(1)2022 is reclassified to conform to current period presentation.

(2)"Other" in first quarter 2022 includes EBIT of $6 million from the previously divested business.

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- 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

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-Name Accounting Standards Codification
-Topic 350
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