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SEGMENT INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
Schedule of Segment Information |
| For year ended December 31, 2024
| Advanced Materials |  | Additives & Functional Products |  | Chemical Intermediates |  | Fibers |  | Total Operating Segments |  | Other |  | Total Consolidated
Depreciation and amortization expense | 194 |  |  | 146 |  |  | 99 |  |  | 64 |  |  | 503 |  |  | 6 |  |  | 509 |
Capital expenditures | 403 |  |  | 68 |  |  | 65 |  |  | 42 |  |  | 578 |  |  | 21 |  |  | 599 |
Assets (6) | 5,735 |  |  | 4,608 |  |  | 1,586 |  |  | 1,075 |  |  | 13,004 |  |  | 2,209 |  |  | 15,213 |
(1)Other segment items for each reportable segment includes research and development expenses, other components of post-employment (benefit) cost, net and other (income) charges, net. (2)Other is not considered an operating segment. Other includes the following which are not allocated to operating segments: 1) sales and costs from growth initiatives and businesses, 2) pension and other postretirement benefit plans income (expense), net, and 3) other income (charges), net. (3)See Note 16, "Asset Impairments, Restructuring, and Other Charges, Net", for a description of included items. (4)Actuarial gains and losses resulting from the changes in discount rates and other actuarial assumptions and the difference between actual and expected returns on plan assets during the period. (5)Environmental and other costs from previously divested or non-operational sites and product lines. (6)Segment assets include accounts receivable, inventory, fixed assets, goodwill, and intangible assets.
| For year ended December 31, 2023
| Advanced Materials |  | Additives & Functional Products |  | Chemical Intermediates |  | Fibers |  | Total Operating Segments |  | Other |  | Total Consolidated
Depreciation and amortization expense | 161 |  |  | 143 |  |  | 103 |  |  | 86 |  |  | 493 |  |  | 5 |  |  | 498 |
Capital expenditures | 608 |  |  | 88 |  |  | 68 |  |  | 36 |  |  | 800 |  |  | 28 |  |  | 828 |
Assets (8) | 5,423 |  |  | 4,691 |  |  | 1,600 |  |  | 1,081 |  |  | 12,795 |  |  | 1,838 |  |  | 14,633 |
(1)Other segment items for each reportable segment includes research and development expenses, other components of post-employment (benefit) cost, net and other (income) charges, net. (2)Other is not considered an operating segment. Other includes the following which are not allocated to operating segments: 1) sales and costs from growth initiatives and businesses, 2) pension and other postretirement benefit plans income (expense), net, and 3) other income (charges), net. (3)See Note 16, "Asset Impairments, Restructuring, and Other Charges, Net", for a description of included items. (4)Actuarial gains and losses resulting from the changes in discount rates and other actuarial assumptions and the difference between actual and expected returns on plan assets during the period. (5)Environmental and other costs from previously divested or non-operational sites and product lines. (6)Sale of the Company's operations in Texas City, Texas (excluding the plasticizers operations). See Note 2, "Divestitures", for a description of the transaction. (7)From the previously reported operational incident at the Kingsport site as a result of a steam line failure (the "steam line incident"). (8)Segment assets include accounts receivable, inventory, fixed assets, goodwill, and intangible assets.
| For year ended December 31, 2022
| Advanced Materials |  | Additives & Functional Products |  | Chemical Intermediates |  | Fibers |  | Total Operating Segments |  | Other |  | Total Consolidated
Depreciation and amortization expense | 163 |  |  | 142 |  |  | 104 |  |  | 61 |  |  | 470 |  |  | 7 |  |  | 477 |
Capital expenditures | 341 |  |  | 99 |  |  | 97 |  |  | 43 |  |  | 580 |  |  | 31 |  |  | 611 |
(1)Other segment items for each reportable segment includes research and development expenses, other components of post-employment (benefit) cost, net and other (income) charges, net. (2)Other is not considered an operating segment. Other includes the following which are not allocated to operating segments: 1) sales and costs from growth initiatives and businesses, 2) pension and other postretirement benefit plans income (expense), net, and 3) other income (charges), net. (3)See Note 16, "Asset Impairments, Restructuring, and Other Charges, Net", for a description of included items. (4)Actuarial gains and losses resulting from the changes in discount rates and other actuarial assumptions and the difference between actual and expected returns on plan assets during the period. (5)Environmental and other costs from previously divested or non-operational sites and product lines. (6)Primarily related to the sale of the adhesives resins business. See Note 2, "Divestitures", for a description of the transaction. (7)From the previously reported operational incident at the Kingsport site as a result of a steam line failure (the "steam line incident").
Revenue from External Customers by Products and Services [Table Text Block] |
| Percentage of Total Segment Sales
Product Lines | 2024 | 2023 | 2022
Advanced Interlayers | 33% | 34% | 29%
Performance Films | 20% | 21% | 20%
Specialty Plastics | 47% | 45% | 51%
Total | 100% | 100% | 100%
| Percentage of Total Segment Sales
Product Lines | 2024 | 2023 | 2022
Care Additives | 37% | 37% | 38%
Coatings Additives | 28% | 27% | 26%
Functional Amines | 19% | 18% | 20%
Specialty Fluids | 16% | 18% | 16%
Total | 100% | 100% | 100%
| Percentage of Total Segment Sales
Product Lines | 2024 | 2023 | 2022
Intermediates | 75% | 78% | 77%
Plasticizers | 25% | 22% | 23%
Total | 100% | 100% | 100%
| Percentage of Total Segment Sales
Product Lines | 2024 | 2023 | 2022
Acetate Tow | 69% | 70% | 64%
Acetate Yarn | 13% | 11% | 14%
Acetyl Chemical Products | 13% | 14% | 16%
Nonwovens | 5% | 5% | 6%
Total | 100% | 100% | 100%
Revenue from External Customers by Geographic Areas [Table Text Block] |
| Percentage of Total Segment Sales
Sales by Customer Location | 2024 | 2023 | 2022
United States and Canada | 31% | 32% | 33%
Asia Pacific | 37% | 35% | 35%
Europe, Middle East, and Africa | 26% | 27% | 26%
Latin America | 6% | 6% | 6%
Total | 100% | 100% | 100%
| Percentage of Total Segment Sales
Sales by Customer Location | 2024 | 2023 | 2022
United States and Canada | 43% | 42% | 41%
Asia Pacific | 21% | 21% | 22%
Europe, Middle East, and Africa | 30% | 31% | 30%
Latin America | 6% | 6% | 7%
Total | 100% | 100% | 100%
| Percentage of Total Segment Sales
Sales by Customer Location | 2024 | 2023 | 2022
United States and Canada | 70% | 71% | 70%
Asia Pacific | 7% | 8% | 7%
Europe, Middle East, and Africa | 18% | 17% | 17%
Latin America | 5% | 4% | 6%
Total | 100% | 100% | 100%
| Percentage of Total Segment Sales
Sales by Customer Location | 2024 | 2023 | 2022
United States and Canada | 21% | 21% | 25%
Asia Pacific | 36% | 35% | 35%
Europe, Middle East, and Africa | 41% | 42% | 37%
Latin America | 2% | 2% | 3%
Total | 100% | 100% | 100%
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table] |
| For year ended December 31, 2024
(Dollars in millions) | Advanced Materials |  | Additives & Functional Products |  | Chemical Intermediates |  | Fibers |  | Total Operating Segments
Sales | $ | 3,050 |  |  | $ | 2,862 |  |  | $ | 2,134 |  |  | $ | 1,318 |  |  | $ | 9,364 |
Cost of sales | 2,215 |  |  | 2,107 |  |  | 1,901 |  |  | 775 |  |  | $ | 6,998 |
Selling, general and administrative expenses | 292 |  |  | 204 |  |  | 112 |  |  | 74 |  |  | $ | 682 |
Other segment items (1) | 79 |  |  | 61 |  |  | 20 |  |  | 15 |  |  | $ | 175 |
Adjusted EBIT | 464 |  |  | 490 |  |  | 101 |  |  | 454 |  |  | 1,509 |
Reconciliation of segment Adjusted EBIT to consolidated earnings before income taxes ("EBT"): |
Other adjusted EBIT (2) |  |  |  |  |  |  |  |  | (211) |
Non-core items impacting EBIT |  |  |  |
Cost of sales impact from restructuring activities (3) |  |  |  | (7) |
Asset impairments, restructuring, and other charges, net (3) |  |  |  | (51) |
Mark-to-market pension and other postretirement benefits gain (loss), net (4) |  |  |  | 54 |
Environmental and other costs (5) |  |  |  | (16) |
Net interest expense |  |  |  | (200) |
Consolidated EBT |  |  |  |  |  |  |  |  | $ | 1,078 |
| For year ended December 31, 2023
(Dollars in millions) | Advanced Materials |  | Additives & Functional Products |  | Chemical Intermediates |  | Fibers |  | Total Operating Segments
Sales | $ | 2,932 |  |  | $ | 2,834 |  |  | $ | 2,143 |  |  | $ | 1,295 |  |  | $ | 9,204 |
Cost of sales | 2,221 |  |  | 2,140 |  |  | 1,895 |  |  | 789 |  |  | $ | 7,045 |
Selling, general and administrative expenses | 295 |  |  | 200 |  |  | 119 |  |  | 72 |  |  | $ | 686 |
Other segment items (1) | 73 |  |  | 58 |  |  | 18 |  |  | 12 |  |  | $ | 161 |
Adjusted EBIT | 343 |  |  | 436 |  |  | 111 |  |  | 422 |  |  | 1,312 |
Reconciliation of segment Adjusted EBIT to consolidated EBT: |
Other adjusted EBIT (2) |  |  |  |  |  |  |  |  | (215) |
Non-core items impacting EBIT |  |  |  |
Cost of sales impact from restructuring activities (3) |  |  |  | (23) |
Asset impairments, restructuring, and other charges, net (3) |  |  |  | (37) |
Mark-to-market pension and other postretirement benefits gain (loss), net (4) |  |  |  | (53) |
Environmental and other costs (5) |  |  |  | (13) |
Net gain on divested business (6) |  |  |  | 323 |
Unusual items impacting EBIT |  |  |  |
Steam line incident insurance proceeds (7) |  |  |  | 8 |
Net interest expense |  |  |  |  |  |  |  |  | (215) |
Consolidated EBT |  |  |  |  |  |  |  |  | $ | 1,087 |
| For year ended December 31, 2022
(Dollars in millions) | Advanced Materials |  | Additives & Functional Products |  | Chemical Intermediates |  | Fibers |  | Total Operating Segments
Sales | $ | 3,207 |  |  | $ | 3,475 |  |  | $ | 2,716 |  |  | $ | 1,022 |  |  | $ | 10,420 |
Cost of sales | 2,451 |  |  | 2,689 |  |  | 2,248 |  |  | 814 |  |  | 8,202 |
Selling, general and administrative expenses | 283 |  |  | 183 |  |  | 104 |  |  | 64 |  |  | 634 |
Other segment items (1) | 78 |  |  | 57 |  |  | 15 |  |  | 4 |  |  | 154 |
Adjusted EBIT | 395 |  |  | 546 |  |  | 349 |  |  | 140 |  |  | 1,430 |
Reconciliation of segment Adjusted EBIT to consolidated EBT: |
Other adjusted EBIT (2) |  |  |  |  |  |  |  |  | (91) |
Non-core items impacting EBIT |  |  |  |
Asset impairments, restructuring, and other charges, net (3) |  |  |  | (52) |
Mark-to-market pension and other postretirement benefits gain (loss), net (4) |  |  |  | (19) |
Environmental and other costs (5) |  |  |  | (15) |
Adjustments to contingent consideration |  |  |  | 6 |
Net loss on divested business and transaction costs (6) |  |  |  | (61) |
Unusual items impacting EBIT |  |  |  |
Steam line incident insurance proceeds (7) |  |  |  | (39) |
Net interest expense |  |  |  |  |  |  |  |  | (182) |
Consolidated EBT |  |  |  |  |  |  |  |  | $ | 977 |
Reconciliation of Revenue from Segments to Consolidated |
| For years ended December 31,
(Dollars in millions) | 2024 |  | 2023 |  | 2022
Sales by Segment |  |  |  |  |
Advanced Materials | $ | 3,050 |  |  | $ | 2,932 |  |  | $ | 3,207 |
Additives & Functional Products (1) | 2,862 |  |  | 2,834 |  |  | 3,475 |
Chemical Intermediates (1) | 2,134 |  |  | 2,143 |  |  | 2,716 |
Fibers | 1,318 |  |  | 1,295 |  |  | 1,022 |
Total Sales by Operating Segment | 9,364 |  |  | 9,204 |  |  | 10,420 |
Other (2) | 18 |  |  | 6 |  |  | 160 |
Consolidated Sales | $ | 9,382 |  |  | $ | 9,210 |  |  | $ | 10,580 |
(1)Prior periods have been recast as a result of the Company's product moves during first quarter 2023. (2)"Other" in 2022 includes sales revenue from the divested adhesives resins business.
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas | 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 Information | 2024 |  | 2023 |  | 2022
Sales |  |  |  |  |
United States | $ | 3,773 |  |  | $ | 3,794 |  |  | $ | 4,738 |
China | 1,073 |  |  | 974 |  |  | 964 |
All other foreign countries | 4,536 |  |  | 4,442 |  |  | 4,878 |
Total | $ | 9,382 |  |  | $ | 9,210 |  |  | $ | 10,580 |
| December 31,
| 2024 |  | 2023 |  | 2022
Net properties |  |  |  |  |
United States | $ | 4,548 |  |  | $ | 4,494 |  |  | $ | 4,180 |
All foreign countries | 1,067 |  |  | 1,054 |  |  | 980 |
Total | $ | 5,615 |  |  | $ | 5,548 |  |  | $ | 5,160 |

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