XML 50 R22.htm IDEA: XBRL DOCUMENT v3.8.0.1
SEGMENT INFORMATION
3 Months Ended
Mar. 31, 2018
Segment Reporting [Abstract]  
SEGMENT INFORMATION
SEGMENT INFORMATION

Eastman's products and operations are managed and reported in four operating segments: Additives & Functional Products ("AFP"), Advanced Materials ("AM"), Chemical Intermediates ("CI"), and Fibers. Beginning January 1, 2018:
Eastman's primary measure of operating performance for all periods presented is EBIT on a consolidated and segment basis. Previously, the Company's primary measure of operating performance was operating earnings;
As a result of recent changes in the management of products and operations to better align resources for growth initiatives, certain products previously reported in the CI operating segment are reported in the AFP operating segment; and
Sales revenue and innovation costs from the textiles and nonwovens fiber innovation platform products previously reported in "Other" are reported in the Fibers operating segment due to accelerating commercial progress of growth initiatives.

For additional financial and product information for each segment, see Part I, Item 1, "Business - Business Segments" and Part II, Item 8, Note 19, "Segment Information", in the Company's 2017 Annual Report on Form 10-K.
(Dollars in millions)
First Quarter
Sales by Segment
2018
 
2017
Additives & Functional Products
$
939

 
$
773

Advanced Materials
693

 
634

Chemical Intermediates
730

 
670

Fibers
245

 
213

Total Sales by Operating Segment
2,607

 
2,290

Other

 
13

Total Sales
$
2,607

 
$
2,303




(Dollars in millions)
First Quarter
Earnings Before Interest and Taxes by Segment
2018
 
2017
Additives & Functional Products
$
176

 
$
153

Advanced Materials
135

 
121

Chemical Intermediates
70

 
82

Fibers
43

 
52

Total Earnings Before Interest and Taxes by Operating Segment
424

 
408

Other
 

 
 

Growth initiatives and businesses not allocated to operating segments
(26
)
 
(28
)
Pension and other postretirement benefits income (expense), net not allocated to operating segments
21

 
18

Asset impairments and restructuring charges, net
(2
)
 

Other income (charges), net not allocated to operating segments
(8
)
 
3

Total Earnings Before Interest and Taxes
$
409

 
$
401


(Dollars in millions)
March 31,
 
December 31,
Assets by Segment (1)
2018
 
2017
Additives & Functional Products
$
6,784

 
$
6,648

Advanced Materials
4,555

 
4,379

Chemical Intermediates
3,017

 
3,000

Fibers
999

 
929

Total Assets by Operating Segment
15,355

 
14,956

Corporate Assets
1,011

 
1,043

Total Assets
$
16,366

 
$
15,999



(1) 
Segment assets include accounts receivable, inventory, fixed assets, goodwill, and intangible assets.
(Dollars in millions)
First Quarter
Sales by Customer Location
2018
 
2017
United States and Canada
$
1,100

 
$
1,066

Asia Pacific
642

 
512

Europe, Middle East, and Africa
727

 
600

Latin America
138

 
125

Total Sales
$
2,607

 
$
2,303