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Note 14 - Revenue | 12 Months Ended
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Dec. 31, 2023
Notes to Financial Statements |
Revenue from Contract with Customer [Text Block] | NOTE 14: REVENUE Disaggregation of Revenue The following tables present revenue disaggregated by major product, portfolio summary and geography (in millions). Major product:
|  | Year Ended |
|  | December 31, 2023 |
|  |  |  |  |  | Advanced |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Materials and |  |  |  |  |  |  |  |  |  |  |  |  |
(in millions) |  |  | Print |  |  |  | Chemicals |  |  |  | Brand |  |  |  | Other |  |  |  | Total |
Core products and services (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Plates, inks and other consumables |  | $ | 571 |  |  | $ | 26 |  |  | $ | — |  |  | $ | — |  |  | $ | 597 |
Ongoing service arrangements |  |  | 185 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 185 |
Total annuities |  |  | 756 |  |  |  | 26 |  |  |  | — |  |  |  | — |  |  |  | 782 |
Equipment & Software |  |  | 72 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 72 |
Film and chemicals |  |  | — |  |  |  | 215 |  |  |  | — |  |  |  | — |  |  |  | 215 |
Total core products and services |  |  | 828 |  |  |  | 241 |  |  |  | — |  |  |  | — |  |  |  | 1,069 |
Growth products (2) |  |  | — |  |  |  | 14 |  |  |  | — |  |  |  | — |  |  |  | 14 |
Other (3) |  |  | — |  |  |  | — |  |  |  | 17 |  |  |  | 17 |  |  |  | 34 |
Total |  | $ | 828 |  |  | $ | 255 |  |  | $ | 17 |  |  | $ | 17 |  |  | $ | 1,117 |
|  | Year Ended |
|  | December 31, 2022 |
|  |  |  |  |  | Advanced |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Materials and |  |  |  |  |  |  |  |  |  |  |  |  |
(in millions) |  |  | Print |  |  |  | Chemicals |  |  |  | Brand |  |  |  | Other |  |  |  | Total |
Core products and services (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Plates, inks and other consumables |  | $ | 652 |  |  | $ | 26 |  |  | $ | — |  |  | $ | — |  |  | $ | 678 |
Ongoing service arrangements |  |  | 205 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 205 |
Total annuities |  |  | 857 |  |  |  | 26 |  |  |  | — |  |  |  | — |  |  |  | 883 |
Equipment & Software |  |  | 81 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 81 |
Film and chemicals |  |  | — |  |  |  | 192 |  |  |  | — |  |  |  | — |  |  |  | 192 |
Total core products and services |  |  | 938 |  |  |  | 218 |  |  |  | — |  |  |  | — |  |  |  | 1,156 |
Growth products (2) |  |  | — |  |  |  | 16 |  |  |  | — |  |  |  | — |  |  |  | 16 |
Other (3) |  |  | — |  |  |  | - |  |  |  | 17 |  |  |  | 16 |  |  |  | 33 |
Total |  | $ | 938 |  |  | $ | 234 |  |  | $ | 17 |  |  | $ | 16 |  |  | $ | 1,205 |
|  | Year Ended |
|  | December 31, 2021 |
|  |  |  |  |  | Advanced |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Materials and |  |  |  |  |  |  |  |  |  |  |  |  |
(in millions) |  |  | Print |  |  |  | Chemicals |  |  |  | Brand |  |  |  | Other |  |  |  | Total |
Core products and services (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Plates, inks and other consumables |  | $ | 599 |  |  | $ | 22 |  |  | $ | — |  |  | $ | — |  |  | $ | 621 |
Ongoing service arrangements |  |  | 213 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 213 |
Total annuities |  |  | 812 |  |  |  | 22 |  |  |  | — |  |  |  | — |  |  |  | 834 |
Equipment & Software |  |  | 96 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 96 |
Film and chemicals |  |  | — |  |  |  | 180 |  |  |  | — |  |  |  | — |  |  |  | 180 |
Total core products and services |  |  | 908 |  |  |  | 202 |  |  |  | — |  |  |  | — |  |  |  | 1,110 |
Growth products (2) |  |  | — |  |  |  | 9 |  |  |  | — |  |  |  | — |  |  |  | 9 |
Other (3) |  |  | — |  |  |  | 1 |  |  |  | 15 |  |  |  | 15 |  |  |  | 31 |
Total |  | $ | 908 |  |  | $ | 212 |  |  | $ | 15 |  |  | $ | 15 |  |  | $ | 1,150 |
| (1) | Core products and services includes the Print segment and the Motion Picture and Industrial Film and Chemicals businesses within the Advanced Materials and Chemicals segment, excluding coating and product commercialization services (“Coating Services”).
| (2) | Growth products consist of Coating Services and Advanced Materials and Functional Printing within the Advanced Materials and Chemicals segment.
| (3) | Other consists of Intellectual Property Licensing ("IP Licensing"), Brand Licensing and Eastman Business Park.
Geography (1):
|  | Year Ended |
|  | December 31, 2023 |
|  |  |  |  |  | Advanced |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Materials and |  |  |  |  |  |  |  |  |  |  |  |  |
(in millions) |  |  | Print |  |  |  | Chemicals |  |  |  | Brand |  |  |  | Other |  |  |  | Total |
United States |  | $ | 250 |  |  | $ | 199 |  |  | $ | 17 |  |  | $ | 17 |  |  | $ | 483 |
Canada |  |  | 17 |  |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | 19 |
North America |  |  | 267 |  |  |  | 201 |  |  |  | 17 |  |  |  | 17 |  |  |  | 502 |
Europe, Middle East and Africa |  |  | 360 |  |  |  | 20 |  |  |  | — |  |  |  | — |  |  |  | 380 |
Asia Pacific |  |  | 178 |  |  |  | 33 |  |  |  | — |  |  |  | — |  |  |  | 211 |
Latin America |  |  | 23 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 24 |
Total Sales |  | $ | 828 |  |  | $ | 255 |  |  | $ | 17 |  |  | $ | 17 |  |  | $ | 1,117 |
|  | Year Ended |
|  | December 31, 2022 |
|  |  |  |  |  | Advanced |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Materials and |  |  |  |  |  |  |  |  |  |  |  |  |
(in millions) |  |  | Print |  |  |  | Chemicals |  |  |  | Brand |  |  |  | Other |  |  |  | Total |
United States |  | $ | 276 |  |  | $ | 177 |  |  | $ | 17 |  |  | $ | 16 |  |  | $ | 486 |
Canada |  |  | 20 |  |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | 22 |
North America |  |  | 296 |  |  |  | 179 |  |  |  | 17 |  |  |  | 16 |  |  |  | 508 |
Europe, Middle East and Africa |  |  | 410 |  |  |  | 19 |  |  |  | — |  |  |  | — |  |  |  | 429 |
Asia Pacific |  |  | 199 |  |  |  | 35 |  |  |  | — |  |  |  | — |  |  |  | 234 |
Latin America |  |  | 33 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 34 |
Total Sales |  | $ | 938 |  |  | $ | 234 |  |  | $ | 17 |  |  | $ | 16 |  |  | $ | 1,205 |
|  | Year Ended |
|  | December 31, 2021 |
|  |  |  |  |  | Advanced |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Materials and |  |  |  |  |  |  |  |  |  |  |  |  |
(in millions) |  |  | Print |  |  |  | Chemicals |  |  |  | Brand |  |  |  | Other |  |  |  | Total |
United States |  | $ | 244 |  |  | $ | 152 |  |  | $ | 15 |  |  | $ | 15 |  |  | $ | 426 |
Canada |  |  | 20 |  |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | 22 |
North America |  |  | 264 |  |  |  | 154 |  |  |  | 15 |  |  |  | 15 |  |  |  | 448 |
Europe, Middle East and Africa |  |  | 387 |  |  |  | 17 |  |  |  | — |  |  |  | — |  |  |  | 404 |
Asia Pacific |  |  | 224 |  |  |  | 41 |  |  |  | — |  |  |  | — |  |  |  | 265 |
Latin America |  |  | 33 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 33 |
Total Sales |  | $ | 908 |  |  | $ | 212 |  |  | $ | 15 |  |  | $ | 15 |  |  | $ | 1,150 |
| (1) | Sales are reported in the geographic area in which they originate. No non-U.S. country generated more than 10% of net sales in the years ended December 31, 2023, 2022 and 2021.
Contract Balances The timing of revenue recognition, billings and cash collections results in billed trade receivables, unbilled receivables (contract assets), and customer advances and deposits (contract liabilities) in the Consolidated Statement of Financial Position. The contract assets are transferred to trade receivables when the rights to consideration become unconditional. The amounts recorded for contract assets are reported in Other current assets in the Consolidated Statement of Financial Position. The contract liabilities primarily relate to brand licensing agreements, prepaid service contracts or upfront payments for certain equipment purchases. The amounts recorded for contract liabilities are reported in Other current liabilities and Other long-term liabilities in the Consolidated Statement of Financial Position. Contract assets and liabilities consisted of the following:
|  | As of December 31, |
(in millions) |  | 2023 |  |  | 2022 |
Contract assets |  | $ | 1 |  |  | $ | 1 |
Contract liabilities - current |  |  | 37 |  |  |  | 40 |
Contract liabilities - long-term |  |  | 63 |  |  |  | 11 |
Total |  | $ | 100 |  |  | $ | 51 |
Activity in deferred revenue accounts consisted of:
|  | Year Ended December 31, |
(in millions) |  | 2023 |  |  | 2022 |  |  | 2021 |
Beginning liabilities recognized in revenue |  | $ | 33 |  |  | $ | 38 |  |  | $ | 37 |
Cash payments received, net of revenue recognized |  |  | 39 |  |  |  | 30 |  |  |  | 28 |

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