v3.26.1
Revenue Recognition
 6 Months Ended
Jun. 30, 2026
Revenue Recognition and Deferred Revenue [Abstract]  
Revenue Recognition Revenue Recognition
The Company has certain contracts that represent take-or-pay revenue arrangements in which the Company's performance obligations extend over multiple years.
Remaining performance obligations related to take-or-pay contracts are expected to be recognized as follows:
As of
June 30,
2026
(In $ millions)
2026117 
2027121 
202884 
Thereafter26 
Total348 
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 that are solutions-based and are tailored to each customer's 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:
Three Months Ended
June 30, 		Six Months Ended
June 30,
2026202520262025
(In $ millions)
Engineered Materials
North America377 404 734 753 
Europe and Africa470 418 903 806 
Asia-Pacific566 586 1,070 1,102 
South America33 34 64 68 
Total1,446 1,442 2,771 2,729 
Acetyl Chain
North America431 364 779 750 
Europe and Africa483 404 849 789 
Asia-Pacific355 294 627 601 
South America37 28 63 52 
Total(1)
1,306 1,090 2,318 2,192 
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(1)Excludes intersegment sales of $23 million and $25 million for the three months ended June 30, 2026 and 2025, respectively. Excludes intersegment sales of $47 million and $39 million for the six months ended June 30, 2026 and 2025, respectively.