ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

Quarterly report pursuant to Section 13 or 15(d)

Note 20 - Operating Segment Information - Revenues and Adjusted EBITDA from Continuing Operations by Segment (Details)

v3.21.2
Note 20 - Operating Segment Information - Revenues and Adjusted EBITDA from Continuing Operations by Segment (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2021
Jun. 30, 2020
Total revenues [1] $ 2,024 Ìý $ 1,247 Ìý $ 3,861 $ 2,840
Segment adjusted EBITDA [2] 334 Ìý 54 Ìý 623 219
Interest expense, net—continuing operations (18) Ìý (21) Ìý (37) (39)
Income tax (expense) benefit (42) Ìý 13 Ìý (76) 6
Income tax expense—discontinued operations (0) Ìý 1 Ìý (0) 239
Depreciation and amortization—continuing operations 73 Ìý 69 Ìý 147 136
Net income attributable to noncontrolling interests 16 Ìý 3 Ìý 33 6
Business acquisition and integration expenses and purchase accounting inventory adjustments 5 Ìý 8 Ìý 14 21
EBITDA from discontinued operations(3) 1 Ìý 6 Ìý 2 1,021
Fair value adjustments to Venator investment (6) Ìý 4 Ìý (25) (106)
Loss on early extinguishment of debt (27) Ìý 0 Ìý (27) 0
Certain legal and other settlements and related expenses (8) Ìý (4) Ìý (10) (6)
Gain (loss) on sale of businesses/assets 30 Ìý (1) Ìý 30 1
Income from transition services arrangements 3 Ìý 5 Ìý 4 5
Certain nonrecurring information technology project implementation costs 3 Ìý 1 Ìý 4 2
Amortization of pension and postretirement actuarial losses (21) Ìý (19) Ìý (43) (37)
Plant incident remediation credits (costs) 3 Ìý (1) Ìý (1) (1)
Restructuring, impairment and plant closing and transition costs (12) Ìý (19) Ìý (36) (22)
Net income (loss) 172 $ 100 (59) $ 708 272 649
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] Ìý Ìý Ìý Ìý Ìý Ìý
Total revenues 2,024 Ìý 1,247 Ìý 3,861 2,840
Segment adjusted EBITDA [2] 336 Ìý 56 Ìý 628 222
Interest expense, net—continuing operations (18) Ìý (21) Ìý (37) (41)
Income tax (expense) benefit (41) Ìý 13 Ìý (76) 6
Income tax expense—discontinued operations (0) Ìý 1 Ìý (0) 239
Depreciation and amortization—continuing operations 74 Ìý 69 Ìý 147 136
Net income attributable to noncontrolling interests 16 Ìý 3 Ìý 33 6
Business acquisition and integration expenses and purchase accounting inventory adjustments 5 Ìý 8 Ìý 14 21
EBITDA from discontinued operations(3) 1 Ìý 6 Ìý 2 1,021
Fair value adjustments to Venator investment (6) Ìý 4 Ìý (25) (106)
Loss on early extinguishment of debt (27) Ìý 0 Ìý (27) 0
Certain legal and other settlements and related expenses (8) Ìý (4) Ìý (10) (6)
Gain (loss) on sale of businesses/assets 30 Ìý (1) Ìý 30 1
Income from transition services arrangements 3 Ìý 5 Ìý 4 5
Certain nonrecurring information technology project implementation costs 3 Ìý 1 Ìý 4 2
Amortization of pension and postretirement actuarial losses (22) Ìý (21) Ìý (45) (39)
Plant incident remediation credits (costs) 3 Ìý (1) Ìý (1) (1)
Net income (loss) 173 $ 102 (59) $ 707 275 648
Income tax (expense) benefit—continuing operations 41 Ìý (13) Ìý 76 (6)
Corporate and Reconciling Items [Member] Ìý Ìý Ìý Ìý Ìý Ìý
Total revenues [1] (8) Ìý (5) Ìý (15) (13)
Segment adjusted EBITDA [2],[3] (48) Ìý (32) Ìý (98) (77)
Corporate and Reconciling Items [Member] | ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] Ìý Ìý Ìý Ìý Ìý Ìý
Segment adjusted EBITDA [2],[3] (46) Ìý (30) Ìý (93) (74)
Polyurethanes [Member] | Operating Segments [Member] Ìý Ìý Ìý Ìý Ìý Ìý
Total revenues [1] 1,155 Ìý 730 Ìý 2,223 1,618
Segment adjusted EBITDA [2] 208 Ìý 31 Ìý 415 115
Polyurethanes [Member] | Operating Segments [Member] | ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] Ìý Ìý Ìý Ìý Ìý Ìý
Segment adjusted EBITDA [2] 208 Ìý 31 Ìý 415 115
Performance Products [Member] | Operating Segments [Member] Ìý Ìý Ìý Ìý Ìý Ìý
Total revenues [1] 371 Ìý 228 Ìý 676 520
Segment adjusted EBITDA [2] 88 Ìý 29 Ìý 151 87
Performance Products [Member] | Operating Segments [Member] | ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] Ìý Ìý Ìý Ìý Ìý Ìý
Segment adjusted EBITDA [2] 88 Ìý 29 Ìý 151 87
Advanced Materials [Member] | Operating Segments [Member] Ìý Ìý Ìý Ìý Ìý Ìý
Total revenues [1] 299 Ìý 192 Ìý 577 433
Segment adjusted EBITDA [2] 58 Ìý 30 Ìý 102 78
Advanced Materials [Member] | Operating Segments [Member] | ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] Ìý Ìý Ìý Ìý Ìý Ìý
Segment adjusted EBITDA [2] 58 Ìý 30 Ìý 102 78
Textile Effects [Member] | Operating Segments [Member] Ìý Ìý Ìý Ìý Ìý Ìý
Total revenues [1] 207 Ìý 102 Ìý 400 282
Segment adjusted EBITDA [2] 28 Ìý (4) Ìý 53 16
Textile Effects [Member] | Operating Segments [Member] | ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] Ìý Ìý Ìý Ìý Ìý Ìý
Segment adjusted EBITDA [2] $ 28 Ìý $ (4) Ìý $ 53 $ 16
[1] Geographic information for revenues is based upon countries into which product is sold.
[2] We use segment adjusted EBITDA as the measure of each segment’s profit or loss. We believe that segment adjusted EBITDA more accurately reflects what the chief operating decision maker uses to make decisions about resources to be allocated to the segments and assess their financial performance. Segment adjusted EBITDA is defined as net income of ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation or ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International, as appropriate, before interest, income tax, depreciation and amortization, net income attributable to noncontrolling interests and certain Corporate and other items, as well as eliminating the following adjustments: (a) business acquisition and integration expenses and purchase accounting inventory adjustments; (b) EBITDA from discontinued operations; (c) fair value adjustments to Venator investment; (d) loss on early extinguishment of debt; (e) certain legal and other settlements and related expenses; (f) gain (loss) on sale of businesses/assets; (g) income from transition services arrangements related to the sale of our Chemical Intermediates Businesses to Indorama; (h) certain nonrecurring information technology project implementation costs; (i) amortization of pension and postretirement actuarial losses; (j) plant incident remediation credits (costs); and (k) restructuring, impairment, plant closing and transition costs.
[3] Corporate and other includes unallocated corporate overhead, unallocated foreign exchange gains and losses, LIFO inventory valuation reserve adjustments, loss on early extinguishment of debt, unallocated restructuring, impairment and plant closing costs, nonoperating income and expense and gains and losses on the disposition of corporate assets.