Revenue Recognition (Notes)

12 Months Ended

Dec. 31, 2020

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,
	2020	2019	2018
	(In $ millions)
Engineered Materials
North America	577	735	770
Europe and Africa	906	1,047	1,216
Asia-Pacific	534	533	532
South America	64	71	75
Total	2,081	2,386	2,593
Acetate Tow
North America	92	125	133
Europe and Africa	273	258	260
Asia-Pacific	142	224	217
South America	12	29	39
Total	519	636	649
Acetyl Chain
North America	1,014	1,079	1,145
Europe and Africa	1,019	1,098	1,236
Asia-Pacific	951	1,013	1,411
South America	71	85	121
Total(1)	3,055	3,275	3,913

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(1)Excludes intersegment sales of $92 million, $117 million and $129 million for the years ended December 31, 2020, 2019 and 2018 respectively.