EASTMAN CHEMICAL CO
For the period ended Dec 31, 2023. Filed Feb 14, 2024.
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FY2023 · Filed Feb 14, 2024
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Sales by Customer Location
| Sales Revenue | ||||
|---|---|---|---|---|
| Change | ||||
| (Dollars in millions) | 2023 | 2022 | $ | % |
| United States and Canada | $3,938 | $4,738 | $(800) | (17)% |
| Europe, Middle East, and Africa | 2,558 | 2,783 | (225) | (8)% |
| Asia Pacific | 2,227 | 2,443 | (216) | (9)% |
| Latin America | 487 | 616 | (129) | (21)% |
| Total | $9,210 | $10,580 | $(1,370) | (13)% |
Sales revenue decreased 13 percent due to decreases in sales revenue across all regions. Lower sales revenue was primarily due to lower sales volume (down 11 percent, including the impact from divested businesses). The most significant decrease in sales revenue occurred in the United States and Canada, primarily due to lower sales volume across all operating segments and lower selling prices in the CI and AFP segments, partially offset by higher selling prices in the Fibers and AM segments.
See Note 20, "Segment and Regional Sales Information", to the Company's consolidated financial statements in Part II, Item 8 of this Annual Report for segment sales revenues by customer location.
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