XML 35 R17.htm IDEA: XBRL DOCUMENT
v3.25.1

SEGMENT AND REGIONAL SALES INFORMATION | 3 Months Ended
--- | ---
Mar. 31, 2025
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION Eastman's products and operations are managed and reported in four operating segments: Advanced Materials ("AM"), Additives & Functional Products ("AFP"), Chemical Intermediates ("CI"), and Fibers. The economic factors that impact the nature, amount, timing, and uncertainty of revenue and cash flows vary among the Company's operating segments and the geographical regions in which they operate. This operating segment structure is used by the Chief Operating Decision Maker ("CODM"), who has been determined to be the Chief Executive Officer, to make key operating decisions and assess performance of the Company. The CODM evaluates segment operating performance, and makes resource allocation and performance evaluation decisions, based on Adjusted EBIT, defined as the GAAP measure earnings before interest and taxes ("EBIT"), adjusted for non-core, unusual, or non-recurring items. These adjustments allow the CODM to evaluate segment operating performance excluding the effect of transactions, costs, and losses or gains that do not directly result from Eastman's normal, or "core", business and operations, or are otherwise of an unusual or non-recurring nature. For disaggregation of revenue by major product lines and regions for each operating segment, see Note 20, "Segment and Regional Sales Information", to the consolidated financial statements in Part II, Item 8 of the Company's 2024 Annual Report on Form 10-K. For additional financial and product information for each operating segment, see Part I, Item 1, "Business - Business Segments", in the Company's 2024 Annual Report on Form 10-K.
| First Quarter 2025
(Dollars in millions) | Advanced Materials |  | Additives & Functional Products |  | Chemical Intermediates |  | Fibers |  | Total Operating Segments
Sales | $ | 719 |  |  | $ | 733 |  |  | $ | 545 |  |  | $ | 288 |  |  | $ | 2,285 |
Cost of sales | 511 |  |  | 526 |  |  | 492 |  |  | 176 |  |  | 1,705 |
Selling, general and administrative expenses | 69 |  |  | 51 |  |  | 28 |  |  | 19 |  |  | 167 |
Other segment items (1) | 23 |  |  | 15 |  |  | 6 |  |  | 5 |  |  | 49 |
Adjusted EBIT | 116 |  |  | 141 |  |  | 19 |  |  | 88 |  |  | 364 |
Reconciliation of segment Adjusted EBIT to consolidated earnings before income taxes ("EBT"): |
Other adjusted EBIT (2) |  |  |  |  |  |  |  |  | (53) |
Non-core items impacting EBIT |  |  |  |
Asset impairments, restructuring, and other charges, net (3) |  |  |  | (9) |
Net interest expense |  |  |  | (49) |
Consolidated EBT |  |  |  |  |  |  |  |  | $ | 253 |
| First Quarter 2025
| Advanced Materials |  | Additives & Functional Products |  | Chemical Intermediates |  | Fibers |  | Total Operating Segments |  | Other |  | Total Consolidated
Depreciation and amortization expense | $ | 50 |  |  | $ | 35 |  |  | $ | 24 |  |  | $ | 16 |  |  | $ | 125 |  |  | $ | 1 |  |  | $ | 126 |
Capital expenditures | 97 |  |  | 15 |  |  | 19 |  |  | 8 |  |  | 139 |  |  | 8 |  |  | 147 |
(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 11, "Asset Impairments, Restructuring, and Other Charges, Net", for a description of included items.
| First Quarter 2024
(Dollars in millions) | Advanced Materials |  | Additives & Functional Products |  | Chemical Intermediates |  | Fibers |  | Total Operating Segments
Sales | $ | 748 |  |  | $ | 704 |  |  | $ | 523 |  |  | $ | 331 |  |  | $ | 2,306 |
Cost of sales | 546 |  |  | 527 |  |  | 470 |  |  | 190 |  |  | 1,733 |
Selling, general and administrative expenses | 77 |  |  | 53 |  |  | 31 |  |  | 20 |  |  | 181 |
Other segment items (1) | 21 |  |  | 15 |  |  | 6 |  |  | 4 |  |  | 46 |
Adjusted EBIT | 104 |  |  | 109 |  |  | 16 |  |  | 117 |  |  | 346 |
Reconciliation of segment Adjusted EBIT to consolidated EBT: |
Other adjusted EBIT (2) |  |  |  |  |  |  |  |  | (72) |
Non-core items impacting EBIT |  |  |  |
Asset impairments, restructuring, and other charges, net (3) |  |  |  | (11) |
Net interest expense |  |  |  |  |  |  |  |  | (49) |
Consolidated EBT |  |  |  |  |  |  |  |  | $ | 214 |
| First Quarter 2024
| Advanced Materials |  | Additives & Functional Products |  | Chemical Intermediates |  | Fibers |  | Total Operating Segments |  | Other |  | Total Consolidated
Depreciation and amortization expense | $ | 49 |  |  | $ | 36 |  |  | $ | 25 |  |  | $ | 16 |  |  | $ | 126 |  |  | $ | 1 |  |  | $ | 127 |
Capital expenditures | 150 |  |  | 11 |  |  | 11 |  |  | 6 |  |  | 178 |  |  | 7 |  |  | 185 |
(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 11, "Asset Impairments, Restructuring, and Other Charges, Net", for a description of included items.
(Dollars in millions) | First Quarter |  |
Sales by Segment | 2025 |  | 2024 |  |  |  |
Advanced Materials | $ | 719 |  |  | $ | 748 |  |  |  |  |
Additives & Functional Products | 733 |  |  | 704 |  |  |  |  |
Chemical Intermediates | 545 |  |  | 523 |  |  |  |  |
Fibers | 288 |  |  | 331 |  |  |  |  |
Total Sales by Operating Segment | 2,285 |  |  | 2,306 |  |  |  |  |
Other | 5 |  |  | 4 |  |  |  |  |
Total Sales | $ | 2,290 |  |  | $ | 2,310 |  |  |  |  |
| March 31, |  | December 31, 2024
(Dollars in millions) | 2025 |
Assets by Segment (1) |  |  |
Advanced Materials | $ | 5,875 |  |  | $ | 5,735 |
Additives & Functional Products | 4,660 |  |  | 4,608 |
Chemical Intermediates | 1,625 |  |  | 1,586 |
Fibers | 1,076 |  |  | 1,075 |
Total Assets by Operating Segment | 13,236 |  |  | 13,004 |
Corporate Assets | 1,735 |  |  | 2,209 |
Total Assets | $ | 14,971 |  |  | $ | 15,213 |
(1)Segment assets include accounts receivable, inventory, fixed assets, goodwill, and intangible assets.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 5: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 8: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 9: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 10: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 11: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration