Revenue Recognition (Notes)

12 Months Ended

Dec. 31, 2021

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,
	2021	2020	2019
	(In $ millions)
Engineered Materials
North America	774	577	735
Europe and Africa	1,155	906	1,047
Asia-Pacific	703	534	533
South America	86	64	71
Total	2,718	2,081	2,386
Acetate Tow
North America	98	92	125
Europe and Africa	267	273	258
Asia-Pacific	140	142	224
South America	9	12	29
Total	514	519	636
Acetyl Chain
North America	1,435	1,014	1,079
Europe and Africa	1,647	1,019	1,098
Asia-Pacific	2,074	951	1,013
South America	149	71	85
Total(1)	5,305	3,055	3,275

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(1)Excludes intersegment sales of $125 million, $92 million and $117 million for the years ended December 31, 2021, 2020 and 2019, respectively.