Annual report [Section 13 and 15(d), not S-K Item 405]

Note 13 - Restructuring, Impairment and Plant Closing Costs (Tables)

v3.25.4
Note 13 - Restructuring, Impairment and Plant Closing Costs (Tables)
12 Months Ended
Dec. 31, 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, 2023

  $ 76     $     $     $ 76  

(Credits) charges, net

    (4 )           11       7  

Payments

    (45 )           (11 )     (56 )

Accrued liabilities as of December 31, 2023

    27                   27  

Charges, net

    26             3       29  

Payments

    (26 )           (4 )     (30 )

Accrued liabilities as of December 31, 2024

    27             (1 )     26  

Charges, net

    40       4       4       48  

Payments

    (26 )           (3 )     (29 )

Accrued liabilities as of December 31, 2025

  $ 41     $ 4     $     $ 45  
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, 2023

  $ 24     $ 5     $ 10     $ 37     $ 76  

Charges (credits), net

    1       6       7       (7 )     7  

Payments

    (17 )     (4 )     (13 )     (22 )     (56 )

Accrued liabilities as of December 31, 2023

    8       7       4       8       27  

Charges (credits), net

    24             6       (1 )     29  

Payments

    (12 )     (6 )     (6 )     (6 )     (30 )

Accrued liabilities as of December 31, 2024

    20       1       4       1       26  

Charges (credits), net

    38       11       (1 )           48  

Payments

    (21 )     (7 )           (1 )     (29 )

Accrued liabilities as of December 31, 2025

  $ 37     $ 5     $ 3     $     $ 45  
                                         

Current portion of restructuring reserves

  $ 37     $ 5     $ 2     $     $ 44  

Long-term portion of restructuring reserves

                1             1  
Schedule of Cash and Noncash Restructuring Charges By Type of Initiative [Table Text Block]

Cash charges, net

  $ 48  

Noncash charges (credits):

       

Impairment of assets

    85  

Accelerated depreciation

    16  

Other noncash credits

    (1 )

Total 2025 restructuring, impairment and plant closing costs

  $ 148  
         

Cash charges, net

  $ 29  

Noncash charges:

       

Accelerated depreciation

    8  

Other noncash charges

    2  

Total 2024 restructuring, impairment and plant closing costs

  $ 39  
         

Cash charges, net

  $ 7  

Noncash charges:

       

Accelerated depreciation

    9  

Other noncash charges

    2  

Total 2023 restructuring, impairment and plant closing costs

  $ 18