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 9 Months Ended
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Sep. 30, 2021
Sep. 30, 2020
Total revenues [1] $ 2,285 Ìý Ìý $ 1,510 Ìý Ìý $ 6,146 $ 4,350
Segment adjusted EBITDA [2] 371 Ìý Ìý 188 Ìý Ìý 994 407
Interest expense, net—continuing operations (15) Ìý Ìý (24) Ìý Ìý (52) (63)
Income tax expense—continuing operations (38) Ìý Ìý (15) Ìý Ìý (114) (9)
Income tax expense (5) Ìý Ìý 0 Ìý Ìý (5) (239)
Depreciation and amortization—continuing operations (72) Ìý Ìý (70) Ìý Ìý (219) (206)
Net income attributable to noncontrolling interests 16 Ìý Ìý 9 Ìý Ìý 49 15
Business acquisition and integration expenses and purchase accounting inventory adjustments (5) Ìý Ìý (9) Ìý Ìý (19) (30)
EBITDA from discontinued operations(3) [3] 0 Ìý Ìý 0 Ìý Ìý 2 1,021
Fair value adjustments to Venator investment (3) Ìý Ìý 6 Ìý Ìý (28) (100)
Loss on early extinguishment of debt 0 Ìý Ìý 0 Ìý Ìý (27) 0
Certain legal and other settlements and related income (expenses) 0 Ìý Ìý 4 Ìý Ìý (10) (2)
Gain on sale of businesses/assets 0 Ìý Ìý 0 Ìý Ìý 30 1
Income from transition services arrangements 2 Ìý Ìý 1 Ìý Ìý 6 6
Certain nonrecurring information technology project implementation costs (2) Ìý Ìý (1) Ìý Ìý (6) (3)
Amortization of pension and postretirement actuarial losses (22) Ìý Ìý (20) Ìý Ìý (65) (57)
Plant incident remediation costs (2) Ìý Ìý 0 Ìý Ìý (3) (1)
Restructuring, impairment and plant closing and transition costs 0 Ìý Ìý (12) Ìý Ìý (36) (34)
Net income 225 $ 172 $ 100 57 $ (59) $ 708 497 706
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Total revenues 2,285 Ìý Ìý 1,510 Ìý Ìý 6,146 4,350
Segment adjusted EBITDA [2] 372 Ìý Ìý 189 Ìý Ìý 1,000 411
Interest expense, net—continuing operations (15) Ìý Ìý (24) Ìý Ìý (52) (65)
Income tax expense—continuing operations (39) Ìý Ìý (15) Ìý Ìý (115) (9)
Income tax expense (5) Ìý Ìý 0 Ìý Ìý (5) (239)
Depreciation and amortization—continuing operations (72) Ìý Ìý (70) Ìý Ìý (219) (206)
Net income attributable to noncontrolling interests 16 Ìý Ìý 9 Ìý Ìý 49 15
Business acquisition and integration expenses and purchase accounting inventory adjustments (5) Ìý Ìý (9) Ìý Ìý (19) (30)
EBITDA from discontinued operations(3) [3] 0 Ìý Ìý 0 Ìý Ìý 2 1,021
Fair value adjustments to Venator investment (3) Ìý Ìý 6 Ìý Ìý (28) (100)
Loss on early extinguishment of debt 0 Ìý Ìý 0 Ìý Ìý (27) 0
Certain legal and other settlements and related income (expenses) 0 Ìý Ìý 4 Ìý Ìý (10) (2)
Gain on sale of businesses/assets 0 Ìý Ìý 0 Ìý Ìý 30 1
Income from transition services arrangements 2 Ìý Ìý 1 Ìý Ìý 6 6
Certain nonrecurring information technology project implementation costs (2) Ìý Ìý (1) Ìý Ìý (6) (3)
Amortization of pension and postretirement actuarial losses (22) Ìý Ìý (20) Ìý Ìý (67) (59)
Plant incident remediation costs (2) Ìý Ìý 0 Ìý Ìý (3) (1)
Restructuring, impairment and plant closing and transition costs 0 Ìý Ìý (12) Ìý Ìý (36) (34)
Net income 225 $ 173 $ 102 58 $ (59) $ 707 500 706
Corporate and Reconciling Items [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Total revenues [1] (9) Ìý Ìý (5) Ìý Ìý (24) (18)
Segment adjusted EBITDA [2],[4] (48) Ìý Ìý (37) Ìý Ìý (146) (114)
Corporate and Reconciling Items [Member] | ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Segment adjusted EBITDA [2],[4] (47) Ìý Ìý (36) Ìý Ìý (140) (110)
Polyurethanes [Member] | Operating Segments [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Total revenues [1] 1,403 Ìý Ìý 936 Ìý Ìý 3,626 2,554
Segment adjusted EBITDA [2] 246 Ìý Ìý 156 Ìý Ìý 661 271
Polyurethanes [Member] | Operating Segments [Member] | ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Segment adjusted EBITDA [2] 246 Ìý Ìý 156 Ìý Ìý 661 271
Performance Products [Member] | Operating Segments [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Total revenues [1] 399 Ìý Ìý 238 Ìý Ìý 1,075 758
Segment adjusted EBITDA [2] 103 Ìý Ìý 36 Ìý Ìý 254 123
Performance Products [Member] | Operating Segments [Member] | ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Segment adjusted EBITDA [2] 103 Ìý Ìý 36 Ìý Ìý 254 123
Advanced Materials [Member] | Operating Segments [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Total revenues [1] 304 Ìý Ìý 199 Ìý Ìý 881 632
Segment adjusted EBITDA [2] 48 Ìý Ìý 25 Ìý Ìý 150 103
Advanced Materials [Member] | Operating Segments [Member] | ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Segment adjusted EBITDA [2] 48 Ìý Ìý 25 Ìý Ìý 150 103
Textile Effects [Member] | Operating Segments [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Total revenues [1] 188 Ìý Ìý 142 Ìý Ìý 588 424
Segment adjusted EBITDA [2] 22 Ìý Ìý 8 Ìý Ìý 75 24
Textile Effects [Member] | Operating Segments [Member] | ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Segment adjusted EBITDA [2] $ 22 Ìý Ìý $ 8 Ìý Ìý $ 75 $ 24
[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 income (expenses); (f) gain 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 costs; and (k) restructuring, impairment, plant closing and transition costs.
[3] Includes the gain on the sale of our Chemical Intermediates Businesses in 2020.
[4] 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.