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SEGMENT AND REGIONAL SALES INFORMATION (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Segment Information Disclosure

(Dollars in millions)			Third Quarter												First Nine Months
Sales by Segment			2023						2022						2023						2022
Advanced Materials			$	746					$	888					$	2,227					$	2,471
Additives & Functional Products (1)			670						906						2,194						2,719
Chemical Intermediates (1)			527						665						1,630						2,152
Fibers			323						250						949						705
Total Sales by Operating Segment			2,266						2,709						7,000						8,047
Other (2)			1						—						3						160
Total Sales			$	2,267					$	2,709					$	7,003					$	8,207

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

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

(Dollars in millions)			Third Quarter												First Nine Months
Earnings (Loss) Before Interest and Taxes by Segment			2023						2022						2023						2022
Advanced Materials			$	93					$	131					$	278					$	333
Additives & Functional Products (1)			105						143						369						470
Chemical Intermediates (1)			6						68						87						322
Fibers			109						21						280						82
Total Earnings Before Interest and Taxes by Operating Segment			313						363						1,014						1,207
Other (2)
Growth initiatives and businesses not allocated to operating segments			(49)						(54)						(145)						(139)
Pension and other postretirement benefits income (expense), net not allocated to operating segments			(4)						22						(12)						71
Asset impairments and restructuring charges, net			—						—						(16)						(1)
Net gain (loss) on divested business and transaction costs			—						(7)						—						(8)
Steam line incident (costs) insurance proceeds, net			—						—						8						(42)
Other income (charges), net not allocated to operating segments			(4)						—						(24)						(5)
Total Earnings Before Interest and Taxes			$	256					$	324					$	825					$	1,083

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

(2)"Other" in first nine months 2022 includes EBIT of $6 million from a 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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No definition available.

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