Exhibit 99.01
SEGMENT INFORMATION
Effective January 1, 2004, certain commodity product lines were transferred from the PCI segment to the CASPI segment. In addition, during the first quarter of 2004, the Company reclassified assets within the Voridian Division to more accurately reflect the allocation of certain shared assets.
Below are the reclassified sales, operating earnings, assets, depreciation, and capital expenditures for 2003, 2002, and 2001 related to the above.
| (Dollars in millions) | 2003 | |||||
| Sales by Division and Segment | External Sales(1) | Interdivisional Sales | Total Sales | |||
| Eastman Division Segments | ||||||
| CASPI Segment | $ | 1,683 | $ | -- | $ | 1,683 |
| PCI Segment | 1,098 | 495 | 1,593 | |||
| SP segment | 559 | 49 | 608 | |||
| Total | 3,340 | 544 | 3,884 | |||
| Voridian Division Segments | ||||||
| Polymers | 1,756 | 68 | 1,824 | |||
| Fibers | 635 | 80 | 715 | |||
| Total | 2,391 | 148 | 2,539 | |||
| Developing Businesses Division | ||||||
| Developing Businesses | 69 | 396 | 465 | |||
| Total | 69 | 396 | 465 | |||
| Total Eastman Chemical Company | $ | 5,800 | $ | 1,088 | $ | 6,888 |
- As described above, $86 million in external sales revenue was reclassified from the PCI segment to the CASPI segment.
| (Dollars in millions) | 2002 | |||||
| Sales by Division and Segment | External Sales(1) | Interdivisional Sales | Total Sales | |||
| Eastman Division Segments | ||||||
| CASPI Segment | $ | 1,601 | $ | -- | $ | 1,601 |
| PCI Segment | 1,023 | 383 | 1,406 | |||
| SP segment | 528 | 45 | 573 | |||
| Total | 3,152 | 428 | 3,580 | |||
| Voridian Division Segments | ||||||
| Polymers | 1,510 | 55 | 1,565 | |||
| Fibers | 642 | 72 | 714 | |||
| Total | 2,152 | 127 | 2,279 | |||
| Developing Businesses Division | ||||||
| Developing Businesses | 16 | 330 | 346 | |||
| Total | 16 | 330 | 346 | |||
| Total Eastman Chemical Company | $ | 5,320 | $ | 885 | $ | 6,205 |
- As described above, $61 million in external sales revenue was reclassified from the PCI segment to the CASPI segment.
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| (Dollars in millions) | 2001 | |||||
| Sales by Division and Segment | External Sales(1) | Interdivisional Sales | Total Sales | |||
| Eastman Division Segments | ||||||
| CASPI Segment | $ | 1,576 | $ | -- | $ | 1,576 |
| PCI Segment | 1,064 | -- | 1,064 | |||
| SP segment | 535 | -- | 535 | |||
| Total | 3,175 | -- | 3,175 | |||
| Voridian Division Segments | ||||||
| Polymers | 1,587 | -- | 1,587 | |||
| Fibers | 628 | -- | 628 | |||
| Total | 2,215 | -- | 2,215 | |||
| Developing Businesses Division | ||||||
| Developing Businesses | -- | 110 | 110 | |||
| Total | -- | 110 | 110 | |||
| Total Eastman Chemical Company | $ | 5,390 | $ | 110 | $ | 5,500 |
- As described above, $68 million in external sales revenue was reclassified from the PCI segment to the CASPI segment.
Operating Earnings (Loss)(1) | 2003(2) | 2002(3) | 2001(4) | |||
| Eastman Division Segments | ||||||
| CASPI Segment | $ | (402) | $ | 50 | $ | (21) |
| PCI Segment | (45) | 22 | (64) | |||
| SP segment | 63 | 34 | 51 | |||
| Total | (384) | 106 | (34) | |||
| Voridian Division Segments | ||||||
| Polymers | 62 | 35 | (187) | |||
| Fibers | 125 | 133 | 147 | |||
| Total | 187 | 168 | (40) | |||
| Developing Businesses Division | ||||||
| Developing Businesses | (65) | (70) | (46) | |||
| Total | (65) | (70) | (46) | |||
| Eliminations | (5) | 4 | -- | |||
| Total Eastman Chemical Company | $ | (267) | $ | 208 | $ | (120) |
- Operating earnings (loss) includes the impact of asset impairments and restructuring charges, goodwill impairments, and other operating income and expense.
- As described above, $44 million in operating losses was reclassified from the PCI segment to the CASPI segment.
- As described above, $7 million in operating earnings was reclassified from the PCI segment to the CASPI segment.
- As descirbed above, $4 million in operating losses was reclassified from the PCI segment to the CASPI segment.
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| (Dollars in millions) | 2003 | 2002 | 2001 | |||
| Assets | ||||||
| Eastman Division Segments | ||||||
| CASPI Segment | $ | 1,700 | $ | 2,081 | $ | 2,000 |
| PCI Segment | 1,697 | 1,549 | 1,165 | |||
| SP segment | 821 | 795 | 925 | |||
| Total | 4,218 | 4,425 | 4,090 | |||
| Voridian Division Segments | ||||||
| Polymers | 1,347 | 1,212 | 1,379 | |||
| Fibers | 614 | 608 | 596 | |||
| Total | 1,961 | 1,820 | 1,975 | |||
| Developing Businesses Division | ||||||
| Developing Businesses | 51 | 42 | 27 | |||
| Total | 51 | 42 | 27 | |||
| Total Eastman Chemical Company | $ | 6,230 | $ | 6,287 | $ | 6,092 |
| Depreciation Expense | ||||||
| Eastman Division Segments | ||||||
| CASPI Segment | $ | 83 | $ | 101 | $ | 105 |
| PCI Segment | 90 | 94 | 74 | |||
| SP segment | 41 | 49 | 63 | |||
| Total | 214 | 244 | 242 | |||
| Voridian Division Segments | ||||||
| Polymers | 64 | 66 | 94 | |||
| Fibers | 42 | 40 | 43 | |||
| Total | 106 | 106 | 137 | |||
| Developing Businesses Division | ||||||
| Developing Businesses | 14 | 8 | 6 | |||
| Total | 14 | 8 | 6 | |||
| Total Eastman Chemical Company | $ | 334 | $ | 358 | $ | 385 |
| Capital Expenditures | ||||||
| Eastman Division Segments | ||||||
| CASPI Segment | $ | 79 | $ | 156 | $ | 48 |
| PCI Segment | 54 | 131 | 40 | |||
| SP segment | 7 | 61 | 43 | |||
| Total | 140 | 348 | 131 | |||
| Voridian Division Segments | ||||||
| Polymers | 52 | 49 | 67 | |||
| Fibers | 34 | 24 | 30 | |||
| Total | 86 | 73 | 97 | |||
| Developing Businesses Division | ||||||
| Developing Businesses | 4 | 6 | 6 | |||
| Total | 4 | 6 | 6 | |||
| Total Eastman Chemical Company | $ | 230 | $ | 427 | $ | 234 |
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