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Segment Information
6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Segment Information Segment Information
 

Engineered
Materials
 
Acetate Tow
 
Acetyl
Chain
 
Other
Activities
 
Eliminations
 
Consolidated
 
 
(In $ millions)
 
 
Three Months Ended June 30, 2020
 
Net sales
420

 
127

 
662

 
—

 
(16
)
(1) 
1,193

 
Other (charges) gains, net (Note 12)
(25
)
 
—

 
5

 
(1
)
 
—

 
(21
)
 
Operating profit (loss)
(13
)
 
31

 
121

 
(56
)
 
—

 
83

 
Equity in net earnings (loss) of affiliates
26

 
—

 
—

 
5

 
—

 
31

 
Depreciation and amortization
32

 
9

 
42

 
4

 
—

 
87

 
Capital expenditures
28

 
6

 
38

 
8

 
—

 
80

(2) 
 
Three Months Ended June 30, 2019
 
Net sales
593

 
164

 
865

 
—

 
(30
)
(1) 
1,592

 
Other (charges) gains, net (Note 12)
(8
)
 
(84
)
 
(1
)
 
(5
)
 
—

 
(98
)
 
Operating profit (loss)
103

 
(44
)
 
188

 
(61
)
 
—

 
186

 
Equity in net earnings (loss) of affiliates
36

 
—

 
1

 
2

 
—

 
39

 
Depreciation and amortization
31

 
11

 
38

 
4

 
—

 
84

 
Capital expenditures
21

 
11

 
35

 
7

 
—

 
74

(2) 
______________________________
(1) 
Includes intersegment sales primarily related to the Acetyl Chain.
(2) 
Includes a decrease in accrued capital expenditures of $8 million and an increase of $9 million for the three months ended June 30, 2020 and 2019, respectively.

 

Engineered
Materials
 
Acetate Tow
 
Acetyl
Chain
 
Other
Activities
 
Eliminations
 
Consolidated
 
 
(In $ millions)
 
 
Six Months Ended June 30, 2020
 
Net sales
983

 
256

 
1,461

 
—

 
(47
)
(1) 
2,653

 
Other (charges) gains, net (Note 12)
(25
)
 
(1
)
 
5

 
(6
)
 
—

 
(27
)
 
Operating profit (loss)
89

 
58

 
256

 
(126
)
 
—

 
277

 
Equity in net earnings (loss) of affiliates
79

 
—

 
1

 
8

 
—

 
88

 
Depreciation and amortization
66

 
17

 
81

 
8

 
—

 
172

 
Capital expenditures
52

 
16

 
81

 
17

 
—

 
166

(2) 
 
As of June 30, 2020
 
Goodwill and intangible assets, net
985

 
152

 
278

 
—

 
—

 
1,415

 
Total assets
4,009

 
939

 
3,549

 
1,009

 
—

 
9,506

 
 
Six Months Ended June 30, 2019
 
Net sales
1,256

 
330


1,754


—

 
(61
)
(1) 
3,279

 
Other (charges) gains, net (Note 12)
7

 
(84
)
 
(1
)
 
(16
)
 
—

 
(94
)
 
Operating profit (loss)
247

 
(4
)
 
390

 
(127
)
 
—

 
506

 
Equity in net earnings (loss) of affiliates
82

 
—

 
2

 
5

 
—

 
89

 
Depreciation and amortization
63

 
21

 
76

 
7

 
—

 
167

 
Capital expenditures
37

 
19

 
61

 
11

 
—

 
128

(2) 
 
As of December 31, 2019
 
Goodwill and intangible assets, net
999

 
153

 
234

 
—

 
—

 
1,386

 
Total assets
4,125

 
977

 
3,489

 
885

 
—

 
9,476

 
______________________________
(1) 
Includes intersegment sales primarily related to the Acetyl Chain.
(2) 
Includes a decrease in accrued capital expenditures of $41 million and $16 million for the six months ended June 30, 2020 and 2019, respectively.