Quarterly report pursuant to Section 13 or 15(d)

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

v3.21.2
Note 7 - Restructuring, Impairment and Plant Closing Costs (Tables)
9 Months Ended
Sep. 30, 2021
Notes Tables  
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]
   

Workforce reductions

    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

    13             5       18  

2021 charges for 2021 initiatives

    2                   2  

2021 payments for 2020 and prior initiatives

    (12 )           (4 )     (16 )

2021 payments for 2021 initiatives

    (1 )                 (1 )

Accrued liabilities as of September 30, 2021

  $ 31     $ 2     $ 1     $ 34  
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

    5       1       (3 )           15       18  

2021 charges for 2021 initiatives

                2                   2  

2021 payments for 2020 and prior initiatives

    (6 )     (2 )     (2 )     (3 )     (3 )     (16 )

2021 payments for 2021 initiatives

                (1 )                 (1 )

Accrued liabilities as of September 30, 2021

  $ 11     $ 1     $ 5     $ 5     $ 12     $ 34  
                                                 

Current portion of restructuring reserves

  $ 11     $ 1     $ 4     $ 2     $ 5     $ 23  

Long-term portion of restructuring reserves

                1       3       7       11  
Schedule of Cash and Noncash Restructuring Charges By Type of Initiative [Table Text Block]
   

Three months

   

Nine months

 
   

ended

   

ended

 
   

September 30,

   

September 30,

 
   

2021

   

2020

   

2021

   

2020

 

Cash charges:

                               

2021 charges for 2020 and prior initiatives

  $     $     $ 18     $  

2021 charges for 2021 initiatives

                2        

2020 charges for 2019 and prior initiatives

                      3  

2020 charges for 2020 initiatives

          8             26  

Noncash charges:

                               

Accelerated depreciation

    4       3       11       3  

Gain on sale of assets

    (3 )           (3 )      

Other noncash (credits) charges

    (2 )     1       6       2  

Total restructuring, impairment and plant closing costs

  $ (1 )   $ 12     $ 34     $ 34