XML 72 R44.htm IDEA: XBRL DOCUMENT v3.24.0.1
SEGMENT INFORMATION (Tables)
12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Schedule of Segment Information
For years ended December 31,
(Dollars in millions)202320222021
Sales by Segment
Advanced Materials$2,932 $3,207 $3,027 
Additives & Functional Products (1)
2,834 3,475 2,949 
Chemical Intermediates (1)
2,143 2,716 2,608 
Fibers1,295 1,022 900 
Total Sales by Operating Segment9,204 10,420 9,484 
Other (2)
160 992 
Total Sales$9,210 $10,580 $10,476 
(1)Prior periods have been recast as a result of the Company's product moves during first quarter 2023.
(2)"Other" includes sales revenue from the divested rubber additives and adhesives resins businesses.
For years ended December 31,
(Dollars in millions)202320222021
Earnings (Loss) Before Interest and Taxes by Segment
Advanced Materials $343 $376 $519 
Additives & Functional Products (1)
436 546 481 
Chemical Intermediates (1)
434 346 412 
Fibers 393 131 142 
Total EBIT by Operating Segment1,606 1,399 1,554 
Other (2)
Growth initiatives and businesses not allocated to operating segments (198)(196)(49)
Pension and other postretirement benefit plans income (expense), net not allocated to operating segments(68)70 375 
Asset impairments and restructuring charges, net(31)(21)(18)
Net gain (loss) on divested businesses and transaction costs
— (61)(570)
Steam line incident insurance proceeds (costs), net
(39)— 
Other income (charges), net not allocated to operating segments(15)(11)
Total EBIT$1,302 $1,159 $1,281 
(1)Prior periods have been recast as a result of the Company's product moves during first quarter 2023.
(2)"Other" includes EBIT of $6 million in 2022 and loss before interest and taxes of $502 million in 2021 from the divested rubber additives and adhesives resins businesses.

December 31,
(Dollars in millions)20232022
Assets by Segment (1)
Advanced Materials$5,423 $4,967 
Additives & Functional Products (2)
4,691 4,962 
Chemical Intermediates (2)
1,600 1,860 
Fibers1,081 1,046 
Total Assets by Operating Segment12,795 12,835 
Corporate Assets1,838 1,832 
Total Assets$14,633 $14,667 

(1)Segment assets include accounts receivable, inventory, fixed assets, goodwill, and intangible assets.
(2)Prior period has been recast as a result of the Company's product moves during first quarter 2023.

For years ended December 31,
(Dollars in millions)202320222021
Depreciation and Amortization Expense by Segment
Advanced Materials$161 $163 $177 
Additives & Functional Products (1)
143 142 141 
Chemical Intermediates (1)
103 104 102 
Fibers86 61 60 
Total Depreciation and Amortization Expense by Operating Segment493 470 480 
Other (2)
58 
Total Depreciation and Amortization Expense$498 $477 $538 
(1)Prior periods have been recast as a result of the Company's product moves during first quarter 2023.
(2)"Other" in 2022 and 2021 includes depreciation and amortization expense from the divested rubber additives and adhesives resins businesses.
For years ended December 31,
(Dollars in millions)202320222021
Capital Expenditures by Segment
Advanced Materials$608 $341 $280 
Additives & Functional Products (1)
88 99 139 
Chemical Intermediates (1)
68 97 82 
Fibers36 43 33 
Total Capital Expenditures by Operating Segment800 580 534 
Other (2)
28 31 21 
Total Capital Expenditures$828 $611 $555 
(1)Prior periods have been recast as a result of the Company's product moves during first quarter 2023.
(2)"Other" in 2022 and 2021 includes capital expenditures from the divested rubber additives and adhesives resins businesses.

Sales are attributed to geographic areas based on customer location and long-lived assets are attributed to geographic areas based on asset location.
(Dollars in millions)For years ended December 31,
Geographic Information202320222021
Sales
United States$3,794 $4,738 $4,397 
China
974 964 990 
All other foreign countries
4,442 4,878 5,089 
Total$9,210 $10,580 $10,476 
December 31,
202320222021
Net properties
United States$4,494 $4,180 $3,847 
All foreign countries1,054 980 1,149 
Total$5,548 $5,160 $4,996 
Revenue from External Customers by Products and Services [Table Text Block]
Percentage of Total Segment Sales
Product Lines202320222021
Advanced Interlayers34%29%29%
Performance Films21%20%20%
Specialty Plastics45%51%51%
Total100%100%100%

Percentage of Total Segment Sales
Product Lines202320222021
Functional Amines
18%20%20%
Care Additives 37%38%34%
Coatings Additives27%26%30%
Specialty Fluids18%16%16%
Total100%100%100%

Percentage of Total Segment Sales
Product Lines202320222021
Intermediates78%77%76%
Plasticizers22%23%24%
Total100%100%100%

Percentage of Total Segment Sales
Product Lines202320222021
Acetate Tow70%64%64%
Acetate Yarn11%14%14%
Acetyl Chemical Products14%16%16%
Nonwovens5%6%6%
Total100%100%100%
Revenue from External Customers by Geographic Areas [Table Text Block]
Percentage of Total Segment Sales
Sales by Customer Location202320222021
United States and Canada32%33%30%
Asia Pacific35%35%38%
Europe, Middle East, and Africa27%26%27%
Latin America6%6%5%
Total100%100%100%

Percentage of Total Segment Sales
Sales by Customer Location202320222021
United States and Canada42%41%40%
Asia Pacific21%22%25%
Europe, Middle East, and Africa31%30%28%
Latin America6%7%7%
Total100%100%100%

Percentage of Total Segment Sales
Sales by Customer Location202320222021
United States and Canada71%70%71%
Asia Pacific8%7%8%
Europe, Middle East, and Africa17%17%15%
Latin America4%6%6%
Total100%100%100%

Percentage of Total Segment Sales
Sales by Customer Location202320222021
United States and Canada21%25%25%
Asia Pacific35%35%35%
Europe, Middle East, and Africa42%37%37%
Latin America2%3%3%
Total100%100%100%