Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Restructuring, Impairment and Plant Closing Costs (Tables)

v3.21.1
Note 7 - Restructuring, Impairment and Plant Closing Costs (Tables)
3 Months Ended
Mar. 31, 2021
Notes Tables  
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]
   

Workforce reductions

   

Demolition and decommissioning

   

Non-cancelable lease and contract termination costs

   

Other restructuring costs

   

Total

 

Accrued liabilities as of January 1, 2021

  $ 29     $ —     $ 2     $ —     $ 31  

2021 charges for 2020 and prior initiatives

    12       —       —       2       14  

2021 charges for 2021 initiatives

    2       —       —       —       2  

2021 payments for 2020 and prior initiatives

    (5 )     —       —       (2 )     (7 )

Accrued liabilities as of March 31, 2021

  $ 38     $ —     $ 2     $ —     $ 40  
Schedule of Restructuring Reserve By Type of Cost and Segment [Table Text Block]
           

Performance

   

Advanced

   

Textile

   

Corporate

       
    Polyurethanes     Products     Materials     Effects     and Other     Total  

Accrued liabilities as of January 1, 2021

  $ 12     $ 2     $ 9     $ 8     $ —     $ 31  

2021 charges (credits) for 2020 and prior initiatives

    1       —       (1 )     —       14       14  

2021 charges for 2021 initiatives

    —       —       2       —       —       2  

2021 payments for 2020 and prior initiatives

    (2 )     (1 )     (2 )     (1 )     (1 )     (7 )

Accrued liabilities as of March 31, 2021

  $ 11     $ 1     $ 8     $ 7     $ 13     $ 40  
                                                 

Current portion of restructuring reserves

  $ 11     $ 1     $ 5     $ 4     $ 5     $ 26  

Long-term portion of restructuring reserves

    —       —       3       3       8       14  
Schedule of Cash and Noncash Restructuring Charges By Type of Initiative [Table Text Block]
    Three months
    ended
    March 31,
   

2021

   

2020

 

Cash charges:

               

2021 charges for 2020 and prior initiatives

  $ 14     $ —  

2021 charges for 2021 initiatives

    2       —  
2020 charges for 2019 and prior initiatives     —       1  
2020 charges for 2020 initiatives     —       2  

Noncash charges:

               

Other noncash charges

    8       —  

Total restructuring, impairment and plant closing costs

  $ 24     $ 3