What does corporate, non-segment — severance costs mean?

Costs incurred for employee termination benefits during corporate restructuring or downsizing.

How do you interpret corporate, non-segment — severance costs?

An increase indicates significant workforce reduction efforts, which may lead to lower future operating expenses but also potential short-term disruption.

How does corporate, non-segment — severance costs compare across companies?

Commonly reported as 'severance' or 'employee separation costs' across all capital-intensive manufacturing sectors.

Eastman Chemical EMN Corporate, Non-Segment — Severance Costs

Discontinued — last reported Q3 '20

Similar metrics at other companies

MODCorporate — Severance Costs1

$325K—

IPCorporate Segment — Severance costs

$15.25M—

ENTGCorporate Segment — Employee Termination Benefits

$400K—

TTMICorporate — Severance Costs1

$685.75K—

PPGCorporate — Severance Costs1

$10M—

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

$11.1M-71.2%

Other financials

Income statement

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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

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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

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Operating cash flow-$137.0M+18.0%

CapEx$103.0M-29.9%

Free cash flow-$240.0M+23.6%

Valuation

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Market cap$8.29B-14.2%

Enterprise value$12.84B-10.1%

P/E20.8×+10.3×

P/S1×-0.1×

Profitability

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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-Q, filed November 3, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does corporate, non-segment — severance costs mean?: Costs incurred for employee termination benefits during corporate restructuring or downsizing.
How do you interpret corporate, non-segment — severance costs?: An increase indicates significant workforce reduction efforts, which may lead to lower future operating expenses but also potential short-term disruption.
How does corporate, non-segment — severance costs compare across companies?: Commonly reported as 'severance' or 'employee separation costs' across all capital-intensive manufacturing sectors.