Quarterly report pursuant to Section 13 or 15(d)

GENERAL - ACQUISITION AND SALE (Details)

v3.20.2
GENERAL - ACQUISITION AND SALE (Details)
$ in Millions
 6 Months Ended
May 18, 2020
USD ($)
facility
Jun. 30, 2020
USD ($)
segment
Jul. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
GENERAL        
Number of operating segments | segment   4    
Cash and cash equivalents [1]   $ 1,254   $ 525
Capital expenditures on MDI splitter   40    
Estimated capital expenditures in 2021 and 2022   120    
Minimum        
GENERAL        
Expected restructuring expense     $ 23  
Estimated capital expenditures in 2020 for continuing operations   225    
Maximum        
GENERAL        
Expected restructuring expense     $ 31  
Estimated capital expenditures in 2020 for continuing operations   235    
2018 Revolving Credit Facility        
GENERAL        
Maximum revolving credit facility   $ 1,200    
CVC Thermoset Specialties        
GENERAL        
Number of operating manufacturing facilities in a acquisition agreement | facility 2      
Cash paid for acquisition $ 306      
[1] At June 30, 2020 and December 31, 2019, respectively, $1 and nil of cash and cash equivalents, $6 and $13 of accounts and notes receivable (net), $32 and $35 of inventories, $173 and $180 of property, plant and equipment (net), $22 and $20 of other noncurrent assets, $79 and $100 of accounts payable, $13 and $10 of accrued liabilities, $47 and $36 of current portion of debt, $4 each of current operating lease liabilities, $6 and $29 of long-term debt, $13 and $11 of noncurrent operating lease liabilities and $83 and $87 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 6. Variable Interest Entities.”