Schedule of Segment Reporting Information, by Segment [Table Text Block] |
|
|
Three months ended March 31, 2025 |
|
|
|
Polyurethanes |
|
|
Performance Products |
|
|
Advanced Materials |
|
|
Total |
|
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reportable segments’ revenues(1) |
|
$ |
912 |
|
|
$ |
257 |
|
|
$ |
249 |
|
|
$ |
1,418 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Significant segment expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Variable direct costs(2) |
|
|
682 |
|
|
|
137 |
|
|
|
116 |
|
|
|
935 |
|
Adjusted fixed costs(3) |
|
|
186 |
|
|
|
84 |
|
|
|
101 |
|
|
|
371 |
|
Other segment items(4) |
|
|
2 |
|
|
|
6 |
|
|
|
(4 |
) |
|
|
4 |
|
Total reportable segments’ adjusted EBITDA(5) |
|
$ |
42 |
|
|
$ |
30 |
|
|
$ |
36 |
|
|
|
108 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of total reportable segments’ adjusted EBITDA to income from continuing operations before income taxes: |
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|
|
|
|
|
|
|
|
|
|
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|
Interest expense, net—continuing operations |
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|
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|
|
|
|
|
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|
(19 |
) |
Depreciation and amortization—continuing operations |
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|
|
|
|
|
|
|
|
|
|
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|
(69 |
) |
Corporate and other costs, net(6) |
|
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|
|
|
|
|
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|
|
|
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|
(36 |
) |
Net income attributable to noncontrolling interests |
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|
|
|
|
|
|
|
|
|
|
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|
16 |
|
Other adjustments: |
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|
|
|
|
|
|
|
|
|
|
|
|
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|
Business acquisition and integration gain and purchase accounting inventory adjustments, net |
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|
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|
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|
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5 |
|
Certain legal and other settlements and related income |
|
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|
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|
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|
|
|
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|
|
33 |
|
Amortization of pension and postretirement actuarial losses |
|
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|
|
|
|
|
|
|
|
|
|
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(7 |
) |
Restructuring, impairment and plant closing and transition costs(7) |
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|
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|
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|
|
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(4 |
) |
Income from continuing operations before income taxes |
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|
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|
|
|
|
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|
27 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Income tax expense—continuing operations |
|
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|
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(15 |
) |
Loss from discontinued operations, net of tax |
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|
|
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|
|
|
|
|
|
|
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|
(1 |
) |
Net income |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
11 |
|
|
|
Three months ended March 31, 2024 |
|
|
|
Polyurethanes |
|
|
Performance Products |
|
|
Advanced Materials |
|
|
Total |
|
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reportable segments’ revenues(1) |
|
$ |
926 |
|
|
$ |
291 |
|
|
$ |
261 |
|
|
$ |
1,478 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Significant segment expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Variable direct costs(2) |
|
|
705 |
|
|
|
160 |
|
|
|
122 |
|
|
|
987 |
|
Adjusted fixed costs(3) |
|
|
198 |
|
|
|
83 |
|
|
|
98 |
|
|
|
379 |
|
Other segment items(4) |
|
|
(16 |
) |
|
|
6 |
|
|
|
(2 |
) |
|
|
(12 |
) |
Total reportable segments’ adjusted EBITDA(5) |
|
$ |
39 |
|
|
$ |
42 |
|
|
$ |
43 |
|
|
|
124 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of total reportable segments’ adjusted EBITDA to loss from continuing operations before income taxes: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense, net—continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(19 |
) |
Depreciation and amortization—continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(69 |
) |
Corporate and other costs, net(6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(43 |
) |
Net income attributable to noncontrolling interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14 |
|
Other adjustments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Business acquisition and integration expenses and purchase accounting inventory adjustments, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(20 |
) |
Certain legal and other settlements and related expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1 |
) |
Amortization of pension and postretirement actuarial losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(8 |
) |
Restructuring, impairment and plant closing and transition costs(7) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(14 |
) |
Loss from continuing operations before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(36 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax benefit—continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20 |
|
Loss from discontinued operations, net of tax |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(7 |
) |
Net loss |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(23 |
) |
|
|
Three months ended March 31, 2025 |
|
|
|
Polyurethanes |
|
|
Performance Products |
|
|
Advanced Materials |
|
|
Total |
|
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reportable segments’ revenues(1) |
|
$ |
912 |
|
|
$ |
257 |
|
|
$ |
249 |
|
|
$ |
1,418 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Significant segment expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Variable direct costs(2) |
|
|
682 |
|
|
|
137 |
|
|
|
116 |
|
|
|
935 |
|
Adjusted fixed costs(3) |
|
|
186 |
|
|
|
84 |
|
|
|
101 |
|
|
|
371 |
|
Other segment items(4) |
|
|
2 |
|
|
|
6 |
|
|
|
(4 |
) |
|
|
4 |
|
Total reportable segments’ adjusted EBITDA(5) |
|
$ |
42 |
|
|
$ |
30 |
|
|
$ |
36 |
|
|
|
108 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of total reportable segments’ adjusted EBITDA to income from continuing operations before income taxes: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense, net—continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(19 |
) |
Depreciation and amortization—continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(69 |
) |
Corporate and other costs, net(6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(34 |
) |
Net income attributable to noncontrolling interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16 |
|
Other adjustments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Business acquisition and integration gain and purchase accounting inventory adjustments, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5 |
|
Certain legal and other settlements and related income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
33 |
|
Amortization of pension and postretirement actuarial losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(7 |
) |
Restructuring, impairment and plant closing and transition costs(7) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(4 |
) |
Income from continuing operations before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
29 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax expense—continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(17 |
) |
Loss from discontinued operations, net of tax |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1 |
) |
Net income |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
11 |
|
|
|
Three months ended March 31, 2024 |
|
|
|
Polyurethanes |
|
|
Performance Products |
|
|
Advanced Materials |
|
|
Total |
|
Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reportable segments’ revenues(1) |
|
$ |
926 |
|
|
$ |
291 |
|
|
$ |
261 |
|
|
$ |
1,478 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Significant segment expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Variable direct costs(2) |
|
|
705 |
|
|
|
160 |
|
|
|
122 |
|
|
|
987 |
|
Adjusted fixed costs(3) |
|
|
198 |
|
|
|
83 |
|
|
|
98 |
|
|
|
379 |
|
Other segment items(4) |
|
|
(16 |
) |
|
|
6 |
|
|
|
(2 |
) |
|
|
(12 |
) |
Total reportable segments’ adjusted EBITDA(5) |
|
$ |
39 |
|
|
$ |
42 |
|
|
$ |
43 |
|
|
|
124 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of total reportable segments’ adjusted EBITDA to loss from continuing operations before income taxes: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense, net—continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(19 |
) |
Depreciation and amortization—continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(69 |
) |
Corporate and other costs, net(6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(41 |
) |
Net income attributable to noncontrolling interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14 |
|
Other adjustments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Business acquisition and integration expenses and purchase accounting inventory adjustments, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(20 |
) |
Certain legal and other settlements and related expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1 |
) |
Amortization of pension and postretirement actuarial losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(8 |
) |
Restructuring, impairment and plant closing and transition costs(7) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(14 |
) |
Loss from continuing operations before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(34 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax benefit—continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20 |
|
Loss from discontinued operations, net of tax |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(7 |
) |
Net loss |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(21 |
) |
|
|
March 31, |
|
|
December 31, |
|
|
|
2025 |
|
|
2024 |
|
Total assets: |
|
|
|
|
|
|
|
|
Polyurethanes |
|
$ |
4,224 |
|
|
$ |
4,151 |
|
Performance Products |
|
|
1,278 |
|
|
|
1,214 |
|
Advanced Materials |
|
|
1,118 |
|
|
|
1,097 |
|
Total reportable segments’ total assets |
|
|
6,620 |
|
|
|
6,462 |
|
Corporate and other |
|
|
612 |
|
|
|
652 |
|
Total |
|
$ |
7,232 |
|
|
$ |
7,114 |
|
|
|
Three months ended |
|
|
March 31, |
|
|
2025 |
|
|
2024 |
|
Depreciation and amortization: |
|
|
|
|
|
|
|
|
Polyurethanes |
|
$ |
39 |
|
|
$ |
37 |
|
Performance Products |
|
|
15 |
|
|
|
17 |
|
Advanced Materials |
|
|
13 |
|
|
|
13 |
|
Total reportable segments’ depreciation and amortization |
|
|
67 |
|
|
|
67 |
|
Corporate and other |
|
|
2 |
|
|
|
2 |
|
Total |
|
$ |
69 |
|
|
$ |
69 |
|
|
|
Three months ended |
|
|
March 31, |
|
|
2025 |
|
|
2024 |
|
Capital expenditures: |
|
|
|
|
|
|
|
|
Polyurethanes |
|
$ |
17 |
|
|
$ |
15 |
|
Performance Products |
|
|
14 |
|
|
|
22 |
|
Advanced Materials |
|
|
4 |
|
|
|
4 |
|
Total reportable segments’ capital expenditures |
|
|
35 |
|
|
|
41 |
|
Corporate and other |
|
|
1 |
|
|
|
1 |
|
Total |
|
$ |
36 |
|
|
$ |
42 |
|
|