Quarterly report [Sections 13 or 15(d)]

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

v3.25.3
Note 8 - Restructuring, Impairment and Plant Closing Costs (Tables)
9 Months Ended
Sep. 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

    39       4       1       44  

Payments

    (16 )           (1 )     (17 )

Accrued liabilities as of September 30, 2025

  $ 50     $ 4     $ (1 )   $ 53  
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

    34       10       (1 )     1       44  

Payments

    (11 )     (5 )           (1 )     (17 )

Accrued liabilities as of September 30, 2025

  $ 43     $ 6     $ 3     $ 1     $ 53  
                                         

Current portion of restructuring reserves

  $ 43     $ 6     $ 1     $ 1     $ 51  

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

   

Nine months ended

 
   

September 30,

   

September 30,

 
   

2025

   

2024

   

2025

   

2024

 

Cash charges, net

  $ 1     $ 3     $ 44     $ 11  

Noncash charges:

                               

Impairment of assets

    4             81        

Accelerated depreciation

    7       1       13       7  

Other noncash charges

          1       (1 )     2  

Total restructuring, impairment and plant closing costs

  $ 12     $ 5     $ 137     $ 20