XML 99 R34.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Revenue Recognition (Notes)
 12 Months Ended
Dec. 31, 2019
Revenue from Contract with Customer [Abstract]  
Revenue Revenue Recognition
Disaggregated Revenue
In general, the Company's business segmentation is aligned according to the nature and economic characteristics of its products and customer relationships and provides meaningful disaggregation of each business segment's results of operations.
The Company manages its Engineered Materials business segment through its project management pipeline, which is comprised of a broad range of projects which are solutions-based and are tailored to each customers' unique needs. Projects are identified and selected based on success rate and may involve a number of different polymers per project for use in multiple end-use applications. Therefore, the Company is agnostic toward products and end-use markets for the Engineered Materials business segment.
Within the Acetate Tow business segment, the Company's primary product is acetate tow, which is managed through contracts with a few major tobacco companies and accounts for a significant amount of filters used in cigarette production worldwide.
The Company manages its Acetyl Chain business segment by leveraging its ability to sell chemicals externally to end-use markets or downstream to its emulsion polymers business. Decisions to sell externally and geographically or downstream and along the Acetyl Chain are based on market demand, trade flows and maximizing the value of its chemicals. Therefore, the Company's strategic focus is on executing within this integrated chain model and less on driving product-specific revenue.
Further disaggregation of Net sales by business segment and geographic destination is as follows:
 
Year Ended December 31,
 
2019
 
2018
 
(In $ millions)
Engineered Materials
 
 
 
North America
735

 
770

Europe and Africa
1,047

 
1,216

Asia-Pacific
533

 
532

South America
71

 
75

Total
2,386

 
2,593

 
 
 
 
Acetate Tow
 
 
 
North America
125

 
133

Europe and Africa
258

 
260

Asia-Pacific
224

 
217

South America
29

 
39

Total
636

 
649

 
 
 
 
Acetyl Chain
 
 
 
North America
1,079

 
1,145

Europe and Africa
1,098

 
1,236

Asia-Pacific
1,013

 
1,411

South America
85

 
121

Total(1)
3,275

 
3,913

______________________________
(1) 
Excludes intersegment sales of $117 million and $129 million for the years ended December 31, 2019 and 2018, respectively.