Quarterly report pursuant to Section 13 or 15(d)

GENERAL - ACQUISITION AND SALE (Details)

v3.20.2
GENERAL - ACQUISITION AND SALE (Details)
$ / shares in Units, shares in Millions, $ in Millions
 1 Months Ended 9 Months Ended
Oct. 28, 2020
USD ($)
Aug. 31, 2020
USD ($)
$ / shares
shares
Sep. 30, 2020
USD ($)
segment
Dec. 31, 2019
USD ($)
GENERAL        
Number of operating segments | segment     4  
Cash and cash equivalents [1]     $ 1,168 $ 525
Estimated cash tax savings     150  
Income tax benefit receivable in connection with initial public offering of Venator     $ 34  
Discontinued Operations, Held-for-sale | India DIY consumer adhesive business        
GENERAL        
Purchase price of disposition $ 285      
Cash proceeds at closing 257      
Additional cash to be received under an earnout period $ 28      
Earnout period 18 months      
Percentage of cash taxes to be paid on sale of business 10.00%      
Venator Materials PLC        
GENERAL        
Shares to be sold | shares   42.5    
Purchase price of disposition   $ 100    
Number of months option given to sell shares   30 months    
Remaining shares | shares   9.5    
Share Price | $ / shares   $ 2.15    
[1] At September 30, 2020 and December 31, 2019, respectively, $2 and nil of cash and cash equivalents, $6 and $13 of accounts and notes receivable (net), $28 and $35 of inventories, $168 and $180 of property, plant and equipment (net), $23 and $20 of other noncurrent assets, $99 and $100 of accounts payable, $15 and $10 of accrued liabilities, $47 and $36 of current portion of debt, $5 and $4 of current operating lease liabilities, $3 and $29 of long-term debt, $16 and $11 of noncurrent operating lease liabilities and $79 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.”