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Segment Information
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
Business Segments
The Company operates through business segments according to the nature and economic characteristics of its products and customer relationships, as well as the manner in which the information is used internally by the Company's key decision maker, who is the Company's Chief Executive Officer.
Effective December 31, 2022, the Company reorganized its operating and reportable segments to align with recent structural and management reporting changes. The change reflects the resegmentation of the former Acetate Tow operating and reportable segment into the Acetyl Chain operating and reportable segment. This reorganization reflects the culmination of a shift in operating strategy and organizational hierarchy, with a focus on integration, collaboration and maximization of value creation through its global optionality and integrated chain model of the underlying businesses. The historical segment information has been recast to conform with the reorganized segments.
The Company's business segments are as follows:
•Engineered Materials
The Company's Engineered Materials segment includes the engineered materials business and certain strategic affiliates. The engineered materials business develops, produces and supplies a broad portfolio of high performance specialty polymers for automotive and medical applications, as well as industrial products and consumer electronics. Together with its strategic affiliates, the Company's engineered materials business is a leading participant in the global specialty polymers industry. The primary products of Engineered Materials are used in a broad range of end-use products including fuel system components, automotive safety systems, medical applications, electronics, appliances, industrial products, battery separators, conveyor belts, filtration equipment, coatings, and electrical applications and products.
•Acetyl Chain
The Company's Acetyl Chain segment includes the integrated chain of intermediate chemistry, emulsion polymers, ethylene vinyl acetate ("EVA") polymers, redispersible powders ("RDP"), and acetate tow businesses. The Company's intermediate chemistry business produces and supplies acetyl products, including acetic acid, vinyl acetate monomer, acetic anhydride and acetate esters. These products are generally used as starting materials for colorants, paints, adhesives, coatings and pharmaceuticals. It also produces organic solvents and intermediates for pharmaceutical, agricultural and chemical products. The Company's emulsion polymers business is a leading global producer of vinyl acetate-based emulsions and develops products and application technologies to improve performance, create value and drive innovation in applications such as paints and coatings, adhesives, construction, glass fiber, textiles and paper. The Company's EVA polymers business is a leading North American manufacturer of a full range of specialty EVA resins and compounds, as well as select grades of low-density polyethylene. The Company's EVA polymers products are used in many applications, including flexible packaging films, lamination film products, hot melt adhesives, automotive parts and carpeting. The Company's RDP business is a leading producer of products that have applications in a number of building and construction applications including flooring, plasters, insulation, tiling and waterproofing. The Company's acetate tow business serves consumer-driven applications and is a leading global producer and supplier of acetate tow and acetate flake, primarily used in filter products applications.
•Other Activities
Other Activities primarily consists of corporate center costs, including administrative activities such as finance, information technology and human resource functions, interest income and expense associated with financing activities and results of the Company's captive insurance companies. Other Activities also includes the components of net periodic benefit cost (interest cost, expected return on assets and net actuarial gains and losses) for the Company's defined benefit pension plans and other postretirement plans not allocated to the Company's business segments.
The business segment management reporting and controlling systems are based on the same accounting policies as those described in the summary of significant accounting policies (Note 2).
Sales transactions between business segments are generally recorded at values that approximate third-party selling prices.
Engineered
Materials		Acetyl ChainOther
Activities		EliminationsConsolidated
(In $ millions)
Year Ended December 31, 2023
Net sales6,149 4,884 (1)— (93)10,940 
Other (charges) gains, net (Note 24)
(56)(4)(8)— (68)
Operating profit (loss)
1,083 (2)1,109 (505)— 1,687 
Equity in net earnings (loss) of affiliates
83 6 13 — 102 

Depreciation and amortization
462 217 27 — 706 
Capital expenditures237 207 98 — 542 (3)
As of December 31, 2023
Goodwill and intangible assets, net10,525 427 — — 10,952 
Total assets17,930 5,538 3,129 — 26,597 
Year Ended December 31, 2022
Net sales4,024 5,743 (1)— (94)9,673 
Other (charges) gains, net (Note 24)
(7)— (1)— (8)
Operating profit (loss)
429 1,447 (498)— 1,378 
Equity in net earnings (loss) of affiliates
202 7 11 — 220 
Depreciation and amortization
226 213 23 — 462 
Capital expenditures178 352 53 — 583 (3)
As of December 31, 2022
Goodwill and intangible assets, net
10,826 421 — — 11,247 
Total assets20,611 5,471190 — 26,272 
Year Ended December 31, 2021
Net sales2,718 5,894 (1)— (75)8,537 
Other (charges) gains, net (Note 24)
6 1 (4)— 3 
Operating profit (loss)
411 1,875 (340)— 1,946 
Equity in net earnings (loss) of affiliates
126 7 13 — 146 
Depreciation and amortization
144 210 17 — 371 
Capital expenditures154 311 25 — 490 (3)
______________________________
(1)Includes intersegment sales of $93 million, $94 million and $75 million for the years ended December 31, 2023, 2022 and 2021, respectively.
(2)Includes a $515 million gain related to the formation of the Nutrinova joint venture included in Gain (loss) on disposition of businesses and assets, net in the consolidated statements of operations (Note 4).
(3)Includes a decrease in accrued capital expenditures of $26 million, an increase in accrued capital expenditures of $40 million and an increase in accrued capital expenditures of $23 million for the years ended December 31, 2023, 2022 and 2021, respectively.
Geographical Area Information
The Net sales to external customers based on geographic location are as follows:
Year Ended December 31,
202320222021
(In $ millions)
Belgium499 251 268 
Brazil140 122 92 
Canada146 120 98 
China1,952 1,525 1,621 
France84 31 28 
Germany2,468 2,934 2,675 
India150 55 34 
Italy77 7 — 
Japan312 87 15 
Mexico361 359 330 
Singapore1,146 1,209 1,202 
South Korea154 68 8 
Spain58 11 — 
Switzerland223 165 140 
United Kingdom86 13 — 
U.S.2,821 2,562 2,004 
Other263 154 22 
Total10,940 9,673 8,537 
Property, plant and equipment, net based on the geographic location of the Company's facilities is as follows:
As of December 31,
20232022
(In $ millions)
Belgium112 113 
Canada121 128 
China568 688 
Germany843 937 
Italy74 64 
Japan43 52 
Mexico44 52 
Netherlands48 52 
Singapore82 99 
South Korea64 79 
Switzerland58 73 
United Kingdom118 118 
U.S.3,286 3,032 
Other123 97 
Total5,584 5,584