GOODWILL

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL

As a result of product moves between the Additives & Functional Products ("AFP") segment and the CI segment that occurred in first quarter 2023, goodwill was reassigned to segments using a relative fair value allocation. In conjunction with the product moves and as required by GAAP, during first quarter 2023 Eastman performed an impairment assessment and concluded that no indication of an impairment existed. For further information on the product moves, see Note 1, "Significant Accounting Policies", and Note 15, "Segment Information".

Changes to the carrying value of goodwill follow:


(Dollars in millions)	Advanced Materials		Additives & Functional Products		Chemical Intermediates		Other		Total
Balance at December 31, 2022	$	1,296	$	1,601	$	757	$	10	$	3,664
Adjustments to net goodwill resulting from reorganization	—		569		(569)		—		—
Acquisition	33		—		—		—		33
Held for sale	—		—		(50)		—		(50)
Currency translation adjustments	(3)		(1)		—		—		(4)
Balance at September 30, 2023	$	1,326	$	2,169	$	138	$	10	$	3,643

The reported balance of goodwill included accumulated impairment losses of $106 million, $12 million, and $14 million in the AFP segment, the CI segment, and other segments, respectively, at both September 30, 2023 and December 31, 2022.