What does corporate and other — severance costs mean?

The total cost of severance packages paid to employees during corporate downsizing or restructuring.

How do you interpret corporate and other — severance costs?

Higher costs indicate significant workforce reduction programs, often signaling a shift in corporate strategy or an effort to reduce overhead expenses.

How does corporate and other — severance costs compare across companies?

Commonly reported as 'Severance and Related Costs' or 'Restructuring-related Personnel Costs' in segment reporting.

Eastman Chemical EMN Corporate and Other — Severance Costs

Discontinued — last reported Q4 '22

Similar metrics at other companies

ARWCorporate — Severance Costs1

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MODCorporate — Severance Costs1

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SBUXCorporate and Other — Employee severance, separation costs, and other

$11.1M-71.2%

IFFCorporate and Other — Severance costs

-$2.75M+62.1%

IPCorporate Segment — Severance costs

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TTMICorporate — Severance Costs1

$685.75K—

Other financials

Income statement

See full

Revenue$2.2B-4.9%

Gross profit$431.0M-24.0%

Net income$107.0M-41.2%

EPS (diluted)$0.93-40.8%

Balance sheet

See full

Cash & equivalents$665.0M+59.1%

Total debt$5.2B+4.0%

Total equity$6.0B+2.4%

Total assets$15.2B+1.7%

Cash flow

See full

Operating cash flow-$137.0M+18.0%

CapEx$103.0M-29.9%

Free cash flow-$240.0M+23.6%

Valuation

See full

Market cap$8.29B-14.2%

Enterprise value$12.84B-10.1%

P/E20.8×+10.3×

P/S1×-0.1×

Profitability

See full

Gross margin19.8%-5.1pp

Operating margin16%—

Net margin4.6%-5.2pp

FCF margin5.8%-0.4pp

Returns & leverage

See full

Return on equity6.7%-9.4pp

Debt / equity0.9×0.0×

Current ratio1.5×-0.3×

Where this comes from

Reported directly by Eastman Chemical in its filing.

Tagged under the XBRL concept us-gaap:SeveranceCosts1.

The official record: Eastman Chemical’s 10-K, filed February 15, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Eastman Chemical's corporate and other — severance costs?: Eastman Chemical (EMN) reported corporate and other — severance costs of $0 in Q4 2022.
What does corporate and other — severance costs mean?: The total cost of severance packages paid to employees during corporate downsizing or restructuring.
How do you interpret corporate and other — severance costs?: Higher costs indicate significant workforce reduction programs, often signaling a shift in corporate strategy or an effort to reduce overhead expenses.
How does corporate and other — severance costs compare across companies?: Commonly reported as 'Severance and Related Costs' or 'Restructuring-related Personnel Costs' in segment reporting.