Quarterly report [Sections 13 or 15(d)]

Note 7 - Restructuring, Impairment and Plant Closing Costs (Tables)

v3.26.1
Note 7 - Restructuring, Impairment and Plant Closing Costs (Tables)
6 Months Ended
Jun. 30, 2026
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, 2026

  $ 41     $ 4     $     $ 45  

Charges, net

    9             2       11  

Payments

    (26 )           (2 )     (28 )

Accrued liabilities as of June 30, 2026

  $ 24     $ 4     $     $ 28  
Schedule of Restructuring Reserve By Type of Cost and Segment [Table Text Block]
           

Performance

   

Advanced

         
   

Polyurethanes

   

Products

   

Materials

   

Total

 

Accrued liabilities as of January 1, 2026

  $ 37     $ 5     $ 3     $ 45  

Charges, net

    5       1       5       11  

Payments

    (24 )     (2 )     (2 )     (28 )

Accrued liabilities as of June 30, 2026

  $ 18     $ 4     $ 6     $ 28  
                                 

Current portion of restructuring reserves

  $ 18     $ 4     $ 6     $ 28  

Long-term portion of restructuring reserves

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

Three months ended

   

Six months ended

 
   

June 30,

   

June 30,

 
   

2026

   

2025

   

2026

   

2025

 

Cash charges, net

  $ 6     $ 43     $ 11     $ 43  

Noncash charges:

                               

Impairment of assets

          77             77  

Accelerated depreciation

    2       4       3       6  

Other noncash charges (credits), net

    1             1       (1 )

Total restructuring, impairment and plant closing costs

  $ 9     $ 124     $ 15     $ 125