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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amount of Goodwill
(Dollars in millions)Advanced MaterialsAdditives & Functional ProductsChemical IntermediatesOtherTotal
Balance at December 31, 2022
$1,296 $1,601 $757 $10 $3,664 
Adjustments to net goodwill resulting from reorganization (1)
— 569 (569)— — 
Acquisition
34 — — — 34 
Divestiture— — (67)— (67)
Currency translation and other adjustments
— 12 3 — 15 
Balance at December 31, 2023
$1,330 $2,182 $124 $10 $3,646 
Acquisition (2)
4 — — — 4 
Currency translation and other adjustments
(3)(10)(5)— (18)
Balance at December 31, 2024
$1,331 $2,172 $119 $10 $3,632 
(1)The amount was determined using the relative fair value approach. Goodwill impacted by the product moves announced in first quarter 2023 was assessed for impairment at the time of the reorganization.
(2)Measurement period adjustments related to prior year acquisition.
Schedule of Finite Lived and Indefinite Lived Intangible Assets by Major Class
December 31, 2024December 31, 2023
(Dollars in millions)Estimated Useful Life in YearsGross Carrying ValueAccumulated AmortizationNet Carrying ValueGross Carrying ValueAccumulated AmortizationNet Carrying Value
Amortizable intangible assets:
Customer relationships10-25$1,141 $649 $492 $1,149 $592 $557 
Technology10-20519 378 141 527 356 171 
Other16-3786 36 50 87 34 53 
Indefinite-lived intangible assets:
Tradenames349 — 349 350 — 350 
Other— — — 7 — 7 
Total identified intangible assets$2,095 $1,063 $1,032 $2,120 $982 $1,138