Quarterly report [Sections 13 or 15(d)]

Note 8 - Restructuring, Impairment and Plant Closing Costs (Tables)

v3.25.2
Note 8 - Restructuring, Impairment and Plant Closing Costs (Tables)
6 Months Ended
Jun. 30, 2025
Notes Tables  
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]
                   

Other

         
   

Workforce

   

Contract

   

restructuring

         
   

reductions

   

terminations

   

costs

   

Total

 

Accrued liabilities as of January 1, 2025

  $ 27     $     $ (1 )   $ 26  

Charges, net

    37       4       2       43  

Payments

    (11 )                 (11 )

Accrued liabilities as of June 30, 2025

  $ 53     $ 4     $ 1     $ 58  
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, 2025

  $ 20     $ 1     $ 4     $ 1     $ 26  

Charges (credits), net

    33       11       (1 )           43  

Payments

    (7 )     (4 )                 (11 )

Accrued liabilities as of June 30, 2025

  $ 46     $ 8     $ 3     $ 1     $ 58  
                                         

Current portion of restructuring reserves

  $ 46     $ 8     $ 1     $ 1     $ 56  

Long-term portion of restructuring reserves

                2             2  
Schedule of Cash and Noncash Restructuring Charges By Type of Initiative [Table Text Block]
   

Three months ended

   

Six months ended

 
   

June 30,

   

June 30,

 
   

2025

   

2024

   

2025

   

2024

 

Cash charges, net

  $ 43     $     $ 43     $ 8  

Noncash charges:

                               

Impairment of assets

    77             77        

Accelerated depreciation

    4       3       6       6  

Other noncash charges (credits)

          1       (1 )     1  

Total restructuring, impairment and plant closing costs

  $ 124     $ 4     $ 125     $ 15