Segment Information

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Segment Information

Segment Information

	Engineered Materials	Acetate Tow	Acetyl Chain	Other Activities	Eliminations		Consolidated
	(In $ millions)
	Three Months Ended June 30, 2022
Net sales	948	119	1,456	—	(37)	(1)	2,486
Other (charges) gains, net	1	—	—	—	—		1
Operating profit (loss)	166	(1)	429	(111)	—		483
Equity in net earnings (loss) of affiliates	53	—	3	4	—		60
Depreciation and amortization	45	10	42	6	—		103
Capital expenditures	35	9	78	10	—		132	(2)
	Three Months Ended June 30, 2021
Net sales	682	138	1,409	—	(31)	(1)	2,198
Other (charges) gains, net	(1)	—	—	(2)	—		(3)
Operating profit (loss)	123	24	516	(96)	—		567
Equity in net earnings (loss) of affiliates	32	—	2	3	—		37
Depreciation and amortization	35	9	43	4	—		91
Capital expenditures	33	10	65	5	—		113	(2)

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(1)Includes intersegment sales primarily related to the Acetyl Chain.

(2)Includes an increase in accrued capital expenditures of $8 million and $3 million for the three months ended June 30, 2022 and 2021, respectively.

	Engineered Materials	Acetate Tow	Acetyl Chain	Other Activities	Eliminations		Consolidated
	(In $ millions)
	Six Months Ended June 30, 2022
Net sales	1,858	244	2,994	—	(72)	(1)	5,024
Other (charges) gains, net	—	—	—	—	—		—
Operating profit (loss)	290	3	928	(207)	—		1,014
Equity in net earnings (loss) of affiliates	102	—	7	7	—		116
Depreciation and amortization	91	21	87	10	—		209
Capital expenditures	65	17	140	24	—		246	(2)
	As of June 30, 2022
Goodwill and intangible assets, net	1,613	152	258	—	—		2,023
Total assets	5,702	1,136	4,537	1,338	—		12,713
	Six Months Ended June 30, 2021
Net sales	1,327	257	2,465	—	(53)	(1)	3,996
Other (charges) gains, net	6	—	—	(3)	—		3
Operating profit (loss)	253	40	767	(167)	—		893
Equity in net earnings (loss) of affiliates	57	—	4	5	—		66
Depreciation and amortization	70	19	84	8	—		181
Capital expenditures	56	21	98	11	—		186	(2)
	As of December 31, 2021
Goodwill and intangible assets, net	1,714	154	279	—	—		2,147
Total assets	5,363	1,098	4,428	1,086	—		11,975

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(1)Includes intersegment sales primarily related to the Acetyl Chain.

(2)Includes a decrease in accrued capital expenditures of $15 million and $16 million for the six months ended June 30, 2022 and 2021, respectively.