Segment Information (Tables)

12 Months Ended

Dec. 31, 2024


	Engineered Materials	Acetyl Chain		Other Activities	Eliminations	Consolidated
	(In $ millions)
	Year Ended December 31, 2024
Net sales	5,607	4,763	(1)	—	(90)	10,280
Cost of sales	(4,371)	(3,647)		4	90	(7,924)
Gross profit	1,236	1,116		4	—	2,356
Selling, general and administrative expenses	(434)	(119)		(477)	—	(1,030)
Amortization of intangible assets	(157)	(2)		—	—	(159)
Research and development expenses	(90)	(40)		—	—	(130)
Other (charges) gains, net (Note 24)	(1,724)	—		(20)	—	(1,744)
Gain (loss) on disposition of business and assets, net	(10)	(4)		—	—	(14)
Other segment items(2)	—	—		24	—	24
Operating profit (loss)	(1,179)	951		(469)	—	(697)

Depreciation and amortization	510	244		47	—	801
Equity in net earnings (loss) of affiliates	172	10		14	—	196
Capital expenditures	211	151		52	—	414	(3)
	As of December 31, 2024
Goodwill and intangible assets, net	8,617	411		—	—	9,028
Total assets	15,496	5,265		2,096	—	22,857


	Engineered Materials		Acetyl Chain		Other Activities	Eliminations	Consolidated
	(In $ millions)
	Year Ended December 31, 2023
Net sales	6,149		4,884	(1)	—	(93)	10,940
Cost of sales	(4,825)		(3,607)		2	93	(8,337)
Gross profit	1,324		1,277		2	—	2,603
Selling, general and administrative expenses	(435)		(118)		(522)	—	(1,075)
Amortization of intangible assets	(162)		(2)		—	—	(164)
Research and development expenses	(97)		(40)		(9)	—	(146)
Other (charges) gains, net (Note 24)	(56)		(4)		(8)	—	(68)
Gain (loss) on disposition of business and assets, net	509	(4)	(4)		—	—	505
Other segment items(2)	—		—		32	—	32
Operating profit (loss)	1,083		1,109		(505)	—	1,687

Depreciation and amortization	462		217		27	—	706
Equity in net earnings (loss) of affiliates	83		6		13	—	102
Capital expenditures	237		207		98	—	542	(3)
	As of December 31, 2023
Goodwill and intangible assets, net	10,525		427		—	—	10,952
Total assets	17,930		5,538		3,129	—	26,597
	Year Ended December 31, 2022
Net sales	4,024		5,743	(1)	—	(94)	9,673
Cost of sales	(3,249)		(4,130)		(8)	94	(7,293)
Gross profit	775		1,613		(8)	—	2,380
Selling, general and administrative expenses	(213)		(125)		(486)	—	(824)
Amortization of intangible assets	(57)		(3)		(2)	—	(62)
Research and development expenses	(71)		(40)		(1)	—	(112)
Other (charges) gains, net (Note 24)	(7)		—		(1)	—	(8)
Gain (loss) on disposition of business and assets, net	2		2		1	—	5
Other segment items(2)	—		—		(1)	—	(1)
Operating profit (loss)	429		1,447		(498)	—	1,378

Depreciation and amortization	226		213		23	—	462
Equity in net earnings (loss) of affiliates	202		7		11	—	220
Capital expenditures	178		352		53	—	583	(3)

______________________________

(1)Includes intersegment sales of $90 million, $93 million and $94 million for the years ended December 31, 2024, 2023 and 2022, respectively.

(2)Includes Foreign exchange gain (loss), net.

(3)Includes a decrease in accrued capital expenditures of $21 million, a decrease in accrued capital expenditures of $26 million and an increase in accrued capital expenditures of $40 million for the years ended December 31, 2024, 2023 and 2022, respectively.

(4)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).

Schedule of Geographical Segments

The Net sales to external customers based on geographic location are as follows:


	Year Ended December 31,
	2024	2023	2022
	(In $ millions)
Belgium	400	499	251
Brazil	140	140	122
Canada	127	146	120
Greater China	1,984	1,952	1,525
France	68	84	31
Germany	2,201	2,468	2,934

India	155	150	55
Italy	63	77	7
Japan	278	312	87
Mexico	344	361	359

Singapore	1,001	1,146	1,209
South Korea	140	154	68
Spain	50	58	11
Switzerland	294	223	165

United Kingdom	78	86	13
U.S.	2,748	2,821	2,562
Other	209	263	154
Total	10,280	10,940	9,673

Property, plant and equipment, net based on the geographic location of the Company's facilities is as follows:


	As of December 31,
	2024	2023
	(In $ millions)
Belgium	60	112
Canada	121	121
Greater China	659	568
Germany	795	843
Italy	76	74
Japan	37	43
Mexico	42	44
Netherlands	49	48
Singapore	81	82
South Korea	70	64
Switzerland	57	58
United Kingdom	107	118
U.S.	3,001	3,286
Other	118	123
Total	5,273	5,584