Segment Information

3 Months Ended

Mar. 31, 2018

Effective January 1, 2018, the Company reorganized its operating and reportable segments to align with recent structural and management reporting changes. The change reflects the movement of its food ingredients business from the Consumer Specialties reportable segment into the Engineered Materials reportable segment. The former Consumer Specialties reportable segment was renamed the Acetate Tow segment, and the former Advanced Engineered Materials reportable segment was renamed the Engineered Materials segment. This reorganization better reflects how the Company manages its food ingredients' related products commercially. Engineered Materials and food ingredients are both project-based models which focus on delivering customized solutions and are led by the same senior management team.



	Engineered Materials	Acetate Tow		Industrial Specialties		Acetyl Intermediates			Other Activities		Eliminations		Consolidated
	(In $ millions)
	Three Months Ended March 31, 2018
Net sales	665	168		274	⁽¹⁾	871		⁽²⁾	—		(127	)	1,851
Other (charges) gains, net (Note 14)	—	—		—		—			—		—		—
Operating profit (loss)	127	46		23		231			(83	)	(1	)	343
Equity in net earnings (loss) of affiliates	54	—		—		1			3		—		58
Depreciation and amortization	32	10		9		26			2		—		79
Capital expenditures	21	—		4		30			2		—		57		⁽³⁾
	As of March 31, 2018
Goodwill and intangible assets, net	1,035	155		46		207			—		—		1,443
Total assets	4,111	1,063		834		2,680			1,092		—		9,780
	Three Months Ended March 31, 2017 - As Adjusted (Note 2)
Net sales	514	191		245	⁽¹⁾	619		⁽²⁾	—		(98	)	1,471
Other (charges) gains, net (Note 14)	—	(1	)	—		(53	)		(1	)	—		(55	)
Operating profit (loss)	104	62		25		27			(48	)	—		170
Equity in net earnings (loss) of affiliates	43	—		—		1			3		—		47
Depreciation and amortization	25	10		8		26			2		—		71
Capital expenditures	10	6		4		20			1		—		41		⁽³⁾
	As of December 31, 2017
Goodwill and intangible assets, net	902	154		46		202			—		—		1,304
Total assets	3,866	1,163		861		2,657			991		—		9,538

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⁽¹⁾	Includes intersegment sales of $2 million and $1 million for the three months ended March 31, 2018 and 2017, respectively.


⁽²⁾	Includes intersegment sales of $125 million and $97 million for the three months ended March 31, 2018 and 2017, respectively.


⁽³⁾	Includes a decrease in accrued capital expenditures of $29 million and $21 million for the three months ended March 31, 2018 and 2017, respectively.