Risk Sleuth
EMN · 10-K filed 13 Feb 2026 · year to 31 Dec 2025

Eastman Chemical

26 named things its latest annual report says its results depend on, each in the company's own words. 16 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Top 100 customers

concentrated in · approximately 60 percent of the Company's 2025 sales revenuenamed as a risk
The top 100 customers accounted for approximately 60 percent of the Company's 2025 sales revenue.Business (Item 1)

Also named by CHRW, LSTR

Cigarette producers (acetate tow customers)

concentrated in · approximately 65 percent of the segment's 2025 sales revenue
The 10 largest Fibers segment customers accounted for approximately 65 percent of the segment's 2025 sales revenue, and include multinational as well as regional cigarette producers, fabric manufacturers, textile distributors, and other acetate fiber producers.Business (Item 1)

Partners and platforms

International Sustainability & Carbon Certification (ISCC)

depends on
Eastman has focused on communication and collaboration with stakeholders, including policymakers and other interested parties, to build support for the concepts of molecular recycling and mass balance accounting (an accepted and certified protocol by International Sustainability & Carbon Certification ("ISCC") that documents and tracks recycled content through complex manufacturing systems).Business (Item 1)

Other companies

Euro

exposed to its price · $259 millionnamed as a risk
At December 31, 2025, a 10 percent fluctuation in the euro and Japanese yen currency rates would have had an impact of $259 million and $5 million, respectively, on the designated net investment values in the foreign subsidiaries.Market risk (Item 7A)

Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more

Competitors

Celanese Corporation

competes with
Estron™ cellulose acetate tow Celanese Corporation wood pulp filtration media (primarily cigarette filters)Business (Item 1)

Also named by DD

Sekisui Chemical Co., Ltd.

competes with
Saflex™ standard PVB Sekisui Chemical Co., polyvinyl alcohol transportation (automotive safety glass,Business (Item 1)

Places

Outside United States and Canada

earns from · Approximately 55 percent of 2025 sales revenuenamed as a risk
Approximately 55 percent of 2025 sales revenue was generated from outside the United States and Canada region.Business (Item 1)

China

earns from
The Company contractually supplies acetate flake raw material to the manufacturing facility of its acetate tow joint venture in China from the Company's manufacturing facility in Kingsport, Tennessee, which the Company recognizes in sales revenue.Business (Item 1)

Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more

Longview, Texas

operates in
At the Longview, Texas manufacturing site, Eastman uses its proprietary oxo technology in one of the world's largest single-site oxo butyraldehyde manufacturing facilities to produce a wide range of alcohols and other derivative products utilizing local propane and ethane supplies and purchased propylene.Business (Item 1)

Also named by AAON

Kingsport, Tennessee

operates in
The Company's headquarters and largest manufacturing facility are located in Kingsport, Tennessee.Business (Item 1)

Hazards

Russia/Ukraine conflict

named as a risk
The cost and availability of these raw materials and energy commodities can be adversely impacted by factors such as business and economic conditions, anomalous severe weather events, natural disasters, global pandemics, plant interruptions, supply chain and transportation disruptions, changes in laws or regulations, levels of unemployment and inflation, currency exchange rates, higher interest rates, war or other outbreak of hostilities or terrorism (such as the ongoing Russia/Ukraine conflict), and breakdown or degradation of transportation and supply chain infrastructure.Risk factors (Item 1A)

Also named by ABT, ADM, ARWR, CAG, CDRE, DOW, FDX, FLR and 14 more

Commodities and inputs

Raw materials and energy

exposed to its price · approximately 45 percent in 2025named as a risk
The Company's raw material and energy costs as a percent of total cost of operations were approximately 45 percent in 2025.Business (Item 1)

Natural gas

exposed to its pricenamed as a risk
Key purchased energy sources include natural gas, coal, and electricity.Business (Item 1)

Also named by AA, ADM, AEE, AEP, AES, AESI, AGX, ALB and 132 more

Propane

exposed to its pricenamed as a risk
To mitigate short-term fluctuations in market prices for certain commodities, principally propane, ethane, natural gas, paraxylene, ethylene, and benzene, as well as selling prices for ethylene, the Company enters into derivative transactions, from time to time, to hedge the cash flows related to certain sales and purchase transactions expected within a rolling three year period.Market risk (Item 7A)

Also named by FLO, HESM, RRC, TRGP, UGI, WOR

Ethylene

exposed to its pricenamed as a risk
This results in a decrease in ethylene production and excess ethylene sales while maintaining historical levels of propylene production, providing flexibility to reduce participation in the merchant ethylene market, and retaining a cost-advantaged integrated propylene position to support specialty derivatives throughout the Company.Business (Item 1)

Also named by BRK/B, OLN, SHW, SOLS

Ethane

exposed to its pricenamed as a risk
The CI segment also provides superior reliability to customers through its backward integration into readily available raw materials, such as propane, ethane, and propylene.Business (Item 1)

Also named by AR, RRC

Paraxylene

exposed to its pricenamed as a risk
In the polyester stream, the Company begins with paraxylene, ethylene glycol, and integrated feedstocks, converting them through a series of intermediate materials to ultimately produce clear, tough, chemically resistant copolyesters.Business (Item 1)

Propylene

depends on
Underlying this technology is the Company's low-cost propylene position created through the combination of propylene-centric hydrocarbon cracking, RGP processing, and cost-advantaged purchase agreements.Business (Item 1)

Also named by MAS, OLN, SHW

Wood pulp

depends on
The Company's fully integrated fibers manufacturing process employs unique technology that allows it to use a broad range of high-purity wood pulps for which the Company has dependable sources of supply.Business (Item 1)

Regulators

OSHA Process Safety Management program

subject to
Under the U.S. Occupational Safety and Health Act of 1970, as administered by the Occupational Safety and Health Administration ("OSHA"), some of the Company's operations are subject to workplace standards under OSHA's Process Safety Management program.Business (Item 1)

Laws and programs

Clean Air Act

subject to · $339 million
In some cases, applicable environmental regulations such as those adopted under the United States' Clean Air Act, Resource Conservation and Recovery Act, Comprehensive Environmental Response, Compensation, and Liability Act, and related actions of regulatory agencies determine the timing and amount of environmental costs incurred by the Company.Business (Item 1)

Also named by AEE, CTAS, CWST, FIX, HESM, KGS, NOC, NRP and 6 more

OECD global minimum tax

subject tonamed as a risk
The Company has so far experienced a modest increase in tax obligations in jurisdictions it conducts business, a large portion of which is expected to be temporary due to the OECD's January 5, 2026 "side by side" arrangement.Risk factors (Item 1A)

Also named by AAPL, APP, ARW, AXP, BAC, BALL, CB, CBRE and 15 more

U.S. tariffs and retaliatory trade actions (China)

subject tonamed as a risk
The U.S. and foreign countries may also adopt or increase restrictions on foreign trade or investment, including currency exchange controls, tariffs or other taxes, or limitations on imports or exports (including recent and proposed changes in U.S. trade policy and resulting retaliatory actions by other countries, including China, which may increasingly reduce demand for and increase costs of impacted products or result in U.S.-based trade counterparties limiting trade with U.S.-based companies or non-U.S. customers limiting their purchases from U.S.-based companies).Risk factors (Item 1A)

Toxic Substances Control Act (TSCA)

subject to
In addition to these regulations, compliance with chemical control laws (including the U.S. Toxic Substances Control Act, the U.S. Federal Insecticide, Fungicide, and Rodenticide Act and similar non-U.S. counterparts, and the Registration, Evaluation, Authorization and Restriction of Chemicals ("REACH") program in the European Union) and laws protecting intellectual property (see "Intellectual Property and Trademarks") have the most impact on the Company's day-to-day operations and competitive position.Business (Item 1)

Also named by A, ALB, CLH, ECL, ESI, IFF, OLN, PRM and 1 more

EU REACH

subject to
In addition to these regulations, compliance with chemical control laws (including the U.S. Toxic Substances Control Act, the U.S. Federal Insecticide, Fungicide, and Rodenticide Act and similar non-U.S. counterparts, and the Registration, Evaluation, Authorization and Restriction of Chemicals ("REACH") program in the European Union) and laws protecting intellectual property (see "Intellectual Property and Trademarks") have the most impact on the Company's day-to-day operations and competitive position.Business (Item 1)

Also named by ALB, ESI, IFF, KVUE, SOLS

Federal Insecticide, Fungicide, and Rodenticide Act (FIFRA)

subject to
In addition to these regulations, compliance with chemical control laws (including the U.S. Toxic Substances Control Act, the U.S. Federal Insecticide, Fungicide, and Rodenticide Act and similar non-U.S. counterparts, and the Registration, Evaluation, Authorization and Restriction of Chemicals ("REACH") program in the European Union) and laws protecting intellectual property (see "Intellectual Property and Trademarks") have the most impact on the Company's day-to-day operations and competitive position.Business (Item 1)

Also named by CTVA, ECL, POOL, SMG