XML 75 R49.htm IDEA: XBRL DOCUMENT v3.25.0.1

SEGMENT INFORMATION (Tables)

12 Months Ended

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

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ReconciliationOfRevenueFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

+ Details

Name:	us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

+ Details

Name:	us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

+ Details

Name:	us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: 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

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration