EASTMAN CHEMICAL CO Goodwill & Intangibles Disclosure
| (Dollars in millions) | Advanced Materials | Additives & Functional Products | Chemical Intermediates | Other | Total | ||||||||||||||||||||||||
Balance at December 31, 2023 | $ | 1,330 | $ | 2,182 | $ | 124 | $ | 10 | $ | 3,646 | |||||||||||||||||||
Acquisition (1) | 4 | — | — | — | 4 | ||||||||||||||||||||||||
Currency translation and other adjustments | (3) | (10) | (5) | — | (18) | ||||||||||||||||||||||||
Balance at December 31, 2024 | $ | 1,331 | $ | 2,172 | $ | 119 | $ | 10 | $ | 3,632 | |||||||||||||||||||
Currency translation and other adjustments | 6 | 19 | 8 | — | 33 | ||||||||||||||||||||||||
Balance at December 31, 2025 | $ | 1,337 | $ | 2,191 | $ | 127 | $ | 10 | $ | 3,665 | |||||||||||||||||||
| December 31, 2025 | December 31, 2024 | |||||||||||||||||||||||||||||||||||||||||||
| (Dollars in millions) | Estimated Useful Life in Years | Gross Carrying Value | Accumulated Amortization | Net Carrying Value | Gross Carrying Value | Accumulated Amortization | Net Carrying Value | |||||||||||||||||||||||||||||||||||||
| Amortizable intangible assets: | ||||||||||||||||||||||||||||||||||||||||||||
| Customer relationships | 10 | - | 25 | $ | 1,125 | $ | 691 | $ | 434 | $ | 1,141 | $ | 649 | $ | 492 | |||||||||||||||||||||||||||||
| Technology | 10 | - | 20 | 529 | 399 | 130 | 519 | 378 | 141 | |||||||||||||||||||||||||||||||||||
| Other | 16 | - | 37 | 95 | 40 | 55 | 86 | 36 | 50 | |||||||||||||||||||||||||||||||||||
| Indefinite-lived intangible assets: | ||||||||||||||||||||||||||||||||||||||||||||
| Tradenames | 351 | — | 351 | 349 | — | 349 | ||||||||||||||||||||||||||||||||||||||
| Total identified intangible assets | $ | 2,100 | $ | 1,130 | $ | 970 | $ | 2,095 | $ | 1,063 | $ | 1,032 | ||||||||||||||||||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 13, 2026 | Showing above |
| 2024 | Feb 14, 2025 | |
| 2023 | Feb 14, 2024 | |
| 2022 | Feb 15, 2023 | |
| 2021 | Feb 25, 2022 | |
| 2020 | Feb 22, 2021 | |
| 2019 | Feb 26, 2020 | |
| 2018 | Feb 27, 2019 | |
| 2017 | Mar 1, 2018 | |
| 2016 | Feb 27, 2017 | |
| 2015 | Feb 25, 2016 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.