| Segment Reporting [Table Text Block] |
| |
|
Three months ended March 31, 2026 |
|
| |
|
Polyurethanes |
|
|
Performance Products |
|
|
Advanced Materials |
|
|
Total |
|
| Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reportable segments’ revenues(1) |
|
$ |
923 |
|
|
$ |
228 |
|
|
$ |
279 |
|
|
$ |
1,430 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Significant segment expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Variable direct costs(2) |
|
|
698 |
|
|
|
126 |
|
|
|
131 |
|
|
|
955 |
|
| Adjusted fixed costs(3) |
|
|
185 |
|
|
|
77 |
|
|
|
108 |
|
|
|
370 |
|
| Other segment items(4) |
|
|
1 |
|
|
|
(1 |
) |
|
|
(5 |
) |
|
|
(5 |
) |
| Total reportable segments’ adjusted EBITDA(5) |
|
$ |
39 |
|
|
$ |
26 |
|
|
$ |
45 |
|
|
|
110 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reconciliation of total reportable segments’ adjusted EBITDA to loss from continuing operations before income taxes: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest expense, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(21 |
) |
| Depreciation and amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(73 |
) |
| Corporate and other costs, net(6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(37 |
) |
| Net income attributable to noncontrolling interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12 |
|
| Other adjustments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Certain legal and other settlements and related expenses, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(4 |
) |
| Loss on early extinguishment of debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1 |
) |
| Amortization of pension and postretirement actuarial losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(7 |
) |
| Restructuring, impairment and plant closing and transition costs(7) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(8 |
) |
| Loss from continuing operations before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(29 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income tax expense—continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(11 |
) |
| Loss from discontinued operations, net of tax |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1 |
) |
| Net loss |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(41 |
) |
| |
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(19 |
) |
| Depreciation and amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(69 |
) |
| Corporate and other costs, net(6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(36 |
) |
| Net income attributable to noncontrolling interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16 |
|
| Other adjustments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Business acquisition and integration gain and purchase accounting adjustments, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5 |
|
| Certain legal and other settlements and related income, net(8) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
27 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income tax expense—continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(15 |
) |
| Loss from discontinued operations, net of tax |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1 |
) |
| Net income |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
11 |
|
| |
|
Three months ended March 31, 2026 |
|
| |
|
Polyurethanes |
|
|
Performance Products |
|
|
Advanced Materials |
|
|
Total |
|
| Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reportable segments’ revenues(1) |
|
$ |
923 |
|
|
$ |
228 |
|
|
$ |
279 |
|
|
$ |
1,430 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Significant segment expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Variable direct costs(2) |
|
|
698 |
|
|
|
126 |
|
|
|
131 |
|
|
|
955 |
|
| Adjusted fixed costs(3) |
|
|
185 |
|
|
|
77 |
|
|
|
108 |
|
|
|
370 |
|
| Other segment items(4) |
|
|
1 |
|
|
|
(1 |
) |
|
|
(5 |
) |
|
|
(5 |
) |
| Total reportable segments’ adjusted EBITDA(5) |
|
$ |
39 |
|
|
$ |
26 |
|
|
$ |
45 |
|
|
|
110 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reconciliation of total reportable segments’ adjusted EBITDA to loss from continuing operations before income taxes: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest expense, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(21 |
) |
| Depreciation and amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(73 |
) |
| Corporate and other costs, net(6) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(35 |
) |
| Net income attributable to noncontrolling interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12 |
|
| Other adjustments: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Certain legal and other settlements and related expenses, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(4 |
) |
| Loss on early extinguishment of debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1 |
) |
| Amortization of pension and postretirement actuarial losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(7 |
) |
| Restructuring, impairment and plant closing and transition costs(7) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(8 |
) |
| Loss from continuing operations before income taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(27 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income tax expense—continuing operations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(11 |
) |
| Loss from discontinued operations, net of tax |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1 |
) |
| Net loss |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(39 |
) |
| |
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(19 |
) |
| Depreciation and amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(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 adjustments, net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5 |
|
| Certain legal and other settlements and related income, net(8) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
| |
|
March 31, |
|
|
December 31, |
|
| |
|
2026 |
|
|
2025 |
|
| Total assets: |
|
|
|
|
|
|
|
|
| Polyurethanes |
|
$ |
4,138 |
|
|
$ |
4,045 |
|
| Performance Products |
|
|
1,180 |
|
|
|
1,185 |
|
| Advanced Materials |
|
|
1,118 |
|
|
|
1,095 |
|
| Total reportable segments’ total assets |
|
|
6,436 |
|
|
|
6,325 |
|
| Corporate and other |
|
|
695 |
|
|
|
690 |
|
| Total |
|
$ |
7,131 |
|
|
$ |
7,015 |
|
| |
|
Three months ended |
| |
|
March 31, |
| |
|
2026 |
|
|
2025 |
|
| Depreciation and amortization: |
|
|
|
|
|
|
|
|
| Polyurethanes |
|
$ |
43 |
|
|
$ |
39 |
|
| Performance Products |
|
|
16 |
|
|
|
15 |
|
| Advanced Materials |
|
|
12 |
|
|
|
13 |
|
| Total reportable segments’ depreciation and amortization |
|
|
71 |
|
|
|
67 |
|
| Corporate and other |
|
|
2 |
|
|
|
2 |
|
| Total |
|
$ |
73 |
|
|
$ |
69 |
|
| |
|
Three months ended |
| |
|
March 31, |
| |
|
2026 |
|
|
2025 |
|
| Capital expenditures: |
|
|
|
|
|
|
|
|
| Polyurethanes |
|
$ |
21 |
|
|
$ |
17 |
|
| Performance Products |
|
|
8 |
|
|
|
14 |
|
| Advanced Materials |
|
|
8 |
|
|
|
4 |
|
| Total reportable segments’ capital expenditures |
|
|
37 |
|
|
|
35 |
|
| Corporate and other |
|
|
1 |
|
|
|
1 |
|
| Total |
|
$ |
38 |
|
|
$ |
36 |
|
|