SEGMENT INFORMATION |
SEGMENT AND REGIONAL SALES INFORMATIONEastman's products and operations are managed and reported in four operating segments: Additives & Functional Products ("AFP"), Advanced Materials ("AM"), Chemical Intermediates ("CI"), and Fibers. The economic factors that impact the nature, amount, timing, and uncertainty of revenue and cash flows vary between the Company's business operating segments and the geographical regions in which they serve. For disaggregation of revenue by major product lines and regions for each business operating segment, see Note 19, "Segment and Regional Sales Information", to the consolidated financial statements in Part II, Item 8 of the Company's 2019 Annual Report on Form 10-K. For additional financial information for each segment, see Part I, Item 1, "Business - Business Segments", in the Company's 2019 Annual Report on Form 10-K.
| | | | | | | | | | | | | | | | | | | | | | | | (Dollars in millions) | Second Quarter | | | | First Six Months | | | Sales by Segment | 2020 | | 2019 | | 2020 | | 2019 | Additives & Functional Products | $ | 685 | | | $ | 823 | | | $ | 1,507 | | | $ | 1,678 | | Advanced Materials | 567 | | | 696 | | | 1,182 | | | 1,353 | | Chemical Intermediates | 461 | | | 631 | | | 1,053 | | | 1,286 | | Fibers | 211 | | | 213 | | | 423 | | | 426 | | | | | | | | | | | | | | | | | | Total Sales | $ | 1,924 | | | $ | 2,363 | | | $ | 4,165 | | | $ | 4,743 | |
| | | | | | | | | | | | | | | | | | | | | | | | (Dollars in millions) | Second Quarter | | | | First Six Months | | | Earnings (Loss) Before Interest and Taxes by Segment | 2020 | | 2019 | | 2020 | | 2019 | Additives & Functional Products | $ | (56) | | | $ | 147 | | | $ | 87 | | | $ | 293 | | Advanced Materials | 64 | | | 145 | | | 164 | | | 247 | | Chemical Intermediates | 20 | | | 63 | | | 100 | | | 136 | | Fibers | 46 | | | 51 | | | 99 | | | 93 | | Total Earnings Before Interest and Taxes by Operating Segment | 74 | | | 406 | | | 450 | | | 769 | | Other | | | | | | | | Growth initiatives and businesses not allocated to operating segments | (28) | | | (25) | | | (51) | | | (52) | | Pension and other postretirement benefits income (expense), net not allocated to operating segments | 20 | | | 11 | | | 41 | | | 23 | | Asset impairments and restructuring charges, net | (11) | | | (18) | | | (11) | | | (46) | | Other income (charges), net not allocated to operating segments | (1) | | | (3) | | | (7) | | | (3) | | Total Earnings Before Interest and Taxes | $ | 54 | | | $ | 371 | | | $ | 422 | | | $ | 691 | |
| | | | | | | | | | | | (Dollars in millions) | June 30, | | December 31, | Assets by Segment (1) | 2020 | | 2019 | Additives & Functional Products | $ | 6,077 | | | $ | 6,387 | | Advanced Materials | 4,304 | | | 4,415 | | Chemical Intermediates | 2,615 | | | 2,775 | | Fibers | 994 | | | 1,014 | | Total Assets by Operating Segment | 13,990 | | | 14,591 | | Corporate Assets | 1,983 | | | 1,417 | | Total Assets | $ | 15,973 | | | $ | 16,008 | |
(1)Segment assets include accounts receivable, inventory, fixed assets, goodwill, and intangible assets.
| | | | | | | | | | | | | | | | | | | | | | | | (Dollars in millions) | Second Quarter | | | | First Six Months | | | Sales by Customer Location | 2020 | | 2019 | | 2020 | | 2019 | United States and Canada | $ | 786 | | | $ | 995 | | | $ | 1,766 | | | $ | 1,995 | | Asia Pacific | 523 | | | 574 | | | 1,018 | | | 1,127 | | Europe, Middle East, and Africa | 526 | | | 649 | | | 1,157 | | | 1,338 | | Latin America | 89 | | | 145 | | | 224 | | | 283 | | Total Sales | $ | 1,924 | | | $ | 2,363 | | | $ | 4,165 | | | $ | 4,743 | |
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