REVENUE (Tables)

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue [Table Text Block]

Disaggregation of Revenue

The Company disaggregates its revenue from contracts with customers by operating segment and business, as the Company believes it best depicts the nature, amount, timing and uncertainty of its revenue and cash flows. See details in the tables below:

Net Trade Sales by Segment and Business	Three Months Ended				Six Months Ended
In millions	Jun 30, 2022		Jun 30, 2021		Jun 30, 2022		Jun 30, 2021
Hydrocarbons & Energy	$	2,779	$	2,008	$	5,195	$	3,759
Packaging and Specialty Plastics	5,454		5,113		10,665		9,444
Packaging & Specialty Plastics	$	8,233	$	7,121	$	15,860	$	13,203
Industrial Solutions	$	1,446	$	1,201	$	2,961	$	2,250
Polyurethanes & Construction Chemicals	2,919		3,012		5,924		5,568
Other	5		2		9		4
Industrial Intermediates & Infrastructure	$	4,370	$	4,215	$	8,894	$	7,822
Coatings & Performance Monomers	$	1,129	$	1,010	$	2,204	$	1,865
Consumer Solutions	1,874		1,455		3,848		2,723
Performance Materials & Coatings	$	3,003	$	2,465	$	6,052	$	4,588
Corporate	$	58	$	84	$	122	$	154
Total	$	15,664	$	13,885	$	30,928	$	25,767

Net Trade Sales by Geographic Region	Three Months Ended				Six Months Ended
In millions	Jun 30, 2022		Jun 30, 2021		Jun 30, 2022		Jun 30, 2021
U.S. & Canada	$	5,707	$	4,927	$	11,244	$	8,955
EMEAI 1	5,677		5,102		11,189		9,431
Asia Pacific	2,673		2,479		5,426		4,844
Latin America	1,607		1,377		3,069		2,537
Total	$	15,664	$	13,885	$	30,928	$	25,767

1.Europe, Middle East, Africa and India.

Contract with Customer, Asset and Liability [Table Text Block]

The following table summarizes contract assets and liabilities at June 30, 2022 and December 31, 2021:

Contract Assets and Liabilities	Balance Sheet Classification	Jun 30, 2022		Dec 31, 2021
In millions
Accounts and notes receivable - trade	Accounts and notes receivable - trade	$	7,474	$	6,841
Contract assets - current	Other current assets	$	36	$	34
Contract assets - noncurrent	Deferred charges and other assets	$	25	$	26
Contract liabilities - current	Accrued and other current liabilities	$	259	$	209
Contract liabilities - noncurrent 1	Other noncurrent obligations	$	1,818	$	1,925

1.The decrease from December 31, 2021 to June 30, 2022 was due to the recognition of revenue on long-term product supply agreements and reclassification of deferred royalty payments from noncurrent to current.