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SEGMENT AND REGIONAL SALES INFORMATION (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Segment Information Disclosure

(Dollars in millions)			Second Quarter												First Six Months
Sales by Segment			2023						2022						2023						2022
Advanced Materials			$	739					$	846					$	1,481					$	1,583
Additives & Functional Products (1)			747						924						$	1,524					1,813
Chemical Intermediates (1)			514						772						1,103						1,487
Fibers			323						242						626						455
Total Sales by Operating Segment			2,323						2,784						4,734						5,338
Other (2)			1						—						2						160
Total Sales			$	2,324					$	2,784					$	4,736					$	5,498

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

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

(Dollars in millions)			Second Quarter												First Six Months
Earnings (Loss) Before Interest and Taxes by Segment			2023						2022						2023						2022
Advanced Materials			$	99					$	141					$	185					$	202
Additives & Functional Products (1)			140						160						264						327
Chemical Intermediates (1)			39						142						81						254
Fibers			106						37						171						61
Total Earnings Before Interest and Taxes by Operating Segment			384						480						701						844
Other (2)
Growth initiatives and businesses not allocated to operating segments			(45)						(53)						(96)						(85)
Pension and other postretirement benefits income (expense), net not allocated to operating segments			(4)						26						(8)						49
Asset impairments and restructuring charges, net			—						(1)						(16)						(1)
Net gain (loss) on divested business and transaction costs			—						5						—						(1)
Steam line incident (costs) insurance proceeds, net			—						(17)						8						(42)
Other income (charges), net not allocated to operating segments			(12)						(14)						(20)						(5)
Total Earnings Before Interest and Taxes			$	323					$	426					$	569					$	759

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

(2)"Other" in first six months 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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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- References

No definition available.

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