Eastman Full-Year Report 2023

Highlights

• Delivered approximately $1.4 billion of cash from operating activities in 2023, demonstrating the strength of our cash flow.
• Demonstrated commercial excellence in our pricing by leveraging the strength of our value proposition to offset significant macro-driven volume challenges.
• Reduced costs by approximately $200 million in 2023, net of inflation.
• Closed the previously announced divestiture of Texas City Operations for $490 million.
• Introduced plastic waste into the Kingsport methanolysis facility and expect to produce on spec material and to generate revenue soon.