Annual report pursuant to Section 13 and 15(d)

Note 4 - Discontinued Operations and Business Dispositions - Summary of Major Classes of Line Items of Discontinued Operations (Details)

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Note 4 - Discontinued Operations and Business Dispositions - Summary of Major Classes of Line Items of Discontinued Operations (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Total noncurrent assets $ 0 $ 182  
Total current liabilities 194 163  
Total noncurrent liabilities 0 151  
Income from discontinued operations, net of tax 12 49 $ 777
Net income attributable to discontinued operations 12 49 777
Discontinued Operations, Held-for-sale [Member] | Textile Effects [Member]      
Accounts receivable 133 171  
Inventories 151 163  
Other current assets 11 12  
Total current assets 346  
Property, plant and equipment, net 134 133  
Deferred income taxes 13 26  
Operating lease right-of-use assets 15 22  
Other noncurrent assets 15 1  
Total noncurrent assets 182  
Total assets held for sale [1] 472 528  
Accounts payable 63 94  
Accrued liabilities 47 67  
Current operating lease liabilities 2 2  
Total current liabilities 163  
Noncurrent operating lease liabilities 17 24  
Other noncurrent liabilities 65 127  
Total noncurrent liabilities 151  
Total liabilities held for sale [1] 194 314  
Discontinued Operations, Held-for-sale or Disposed of by Sale [Member] | Textile Effects and Chemical Intermediates Business [Member]      
Trade sales, services and fees, net(2) [2],[3] 692 783 604
Cost of goods sold(2)(3) [2],[3],[4] 531 592 437
Gain on sale of the Chemical Intermediates Businesses [2] 0 0 978
Other expense items, net [2] 130 121 122
Income from discontinued operations before income taxes [2] 31 70 1,023
Income tax expense (19) (21) (246)
Income from discontinued operations, net of tax 12 49 777
Net income attributable to noncontrolling interests (3) 0 0
Net income attributable to discontinued operations $ 9 $ 49 $ 777
[1] Held for sale assets and liabilities are those of our Textile Effects Business. Total assets and liabilities held for sale as of December 31, 2022 are classified as current as we anticipate the sale of our Textile Effects Business will close in February 2023.
[2] Discontinued operations primarily include our Textile Effects Business and Chemical Intermediates Businesses.
[3] Includes eliminations of trade sales, services and fees, net and cost of sales between continuing operations and discontinued operations.
[4] Includes $48 million of proceeds related to insurance recoveries during the year ended December 31, 2020.