Quarterly report pursuant to Section 13 or 15(d)

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

v3.22.2.2
Note 7 - Restructuring, Impairment and Plant Closing Costs (Tables)
9 Months Ended
Sep. 30, 2022
Notes Tables  
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]
   

Workforce reductions

   

Other restructuring costs

   

Total

 

Accrued liabilities as of January 1, 2022

  $ 25     $ 1     $ 26  

2022 charges for 2021 and prior initiatives

    17       6       23  

2022 charges for 2022 initiatives

    14             14  

2022 payments for 2021 and prior initiatives

    (11 )     (6 )     (17 )

2022 payments for 2022 initiatives

    (3 )     (1 )     (4 )

Accrued liabilities as of September 30, 2022

  $ 42     $     $ 42  
Schedule of Restructuring Reserve By Type of Cost and Segment [Table Text Block]
           

Performance

   

Advanced

   

Corporate

         
   

Polyurethanes

   

Products

   

Materials

   

and other

   

Total

 

Accrued liabilities as of January 1, 2022

  $ 9     $ 1     $ 5     $ 11     $ 26  

2022 charges for 2021 and prior initiatives

    7             1       15       23  

2022 charges for 2022 initiatives

          1       1       12       14  

2022 payments for 2021 and prior initiatives

    (7 )     (1 )     (1 )     (8 )     (17 )

2022 payments for 2022 initiatives

                      (4 )     (4 )

Accrued liabilities as of September 30, 2022

  $ 9     $ 1     $ 6     $ 26     $ 42  
                                         

Current portion of restructuring reserves

  $ 9     $ 1     $ 6     $ 23     $ 39  

Long-term portion of restructuring reserves

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

Three months

   

Nine Months

 
   

ended

   

ended

 
   

September 30,

   

September 30,

 
   

2022

   

2021

   

2022

   

2021

 

Cash charges:

                               

2022 (credits) charges for 2021 and prior initiatives

  $ (1 )   $     $ 23     $  

2022 charges for 2022 initiatives

    14             14        

2021 charges for 2020 and prior initiatives

                      18  

2021 charges for 2021 initiatives

                      2  

Noncash charges:

                               

Gain on sale of assets

    (2 )     (3 )     (2 )     (3 )

Accelerated depreciation

          4             11  

Other noncash charges (credits)

    1       (2 )     1       6  

Total restructuring, impairment and plant closing costs (credits)

  $ 12     $ (1 )   $ 36     $ 34