Revenue Recognition (Notes)

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Revenue Recognition

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.

The Company manages its Acetyl Chain business segment by leveraging its ability to sell chemicals externally to end-use markets or downstream to its acetate tow, intermediate chemistry, emulsion polymers, redispersible powders and ethylene vinyl acetate polymers businesses. 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,
	2022	2021	2020
	(In $ millions)
Engineered Materials
North America	1,197	774	577
Europe and Africa	1,538	1,155	906
Asia-Pacific	1,180	703	534
South America	109	86	64
Total	4,024	2,718	2,081
Acetyl Chain
North America	1,713	1,533	1,106
Europe and Africa	1,961	1,914	1,292
Asia-Pacific	1,811	2,214	1,093
South America	164	158	83
Total(1)	5,649	5,819	3,574

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(1)Excludes intersegment sales of $94 million, $75 million and $60 million for the years ended December 31, 2022, 2021 and 2020, respectively.