ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

Quarterly report pursuant to Section 13 or 15(d)

Note 20 - Operating Segment Information (Tables)

v3.22.1
Note 20 - Operating Segment Information (Tables)
3 Months Ended
Mar. 31, 2022
Notes Tables Ìý
Schedule of Segment Reporting Information, by Segment [Table Text Block]
Ìý Ìý

Three months

Ìý
Ìý Ìý

ended

Ìý
Ìý Ìý

March 31,

Ìý
Ìý Ìý

2022

Ìý Ìý

2021

Ìý

Revenues:

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Polyurethanes

Ìý $ 1,386 Ìý Ìý $ 1,068 Ìý

Performance Products

Ìý Ìý 480 Ìý Ìý Ìý 305 Ìý

Advanced Materials

Ìý Ìý 335 Ìý Ìý Ìý 278 Ìý

Textile Effects

Ìý Ìý 197 Ìý Ìý Ìý 193 Ìý

Total reportable segment’s revenue

Ìý Ìý 2,398 Ìý Ìý Ìý 1,844 Ìý

Intersegment eliminations

Ìý Ìý (9 ) Ìý Ìý (7 )

Total

Ìý $ 2,389 Ìý Ìý $ 1,837 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation:

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Segment adjusted EBITDA(1):

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Polyurethanes

Ìý $ 224 Ìý Ìý $ 207 Ìý

Performance Products

Ìý Ìý 146 Ìý Ìý Ìý 63 Ìý

Advanced Materials

Ìý Ìý 67 Ìý Ìý Ìý 44 Ìý

Textile Effects

Ìý Ìý 28 Ìý Ìý Ìý 25 Ìý

Total reportable segments� adjusted EBITDA

Ìý Ìý 465 Ìý Ìý Ìý 339 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Reconciliation of total reportable segments� adjusted EBITDA to income from continuing operations before income taxes:

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Interest expense, net—continuing operations

Ìý Ìý (14 ) Ìý Ìý (19 )

Depreciation and amortization—continuing operations

Ìý Ìý (71 ) Ìý Ìý (74 )

Corporate and other costs, net(2)

Ìý Ìý (50 ) Ìý Ìý (50 )

Net income attributable to noncontrolling interests

Ìý Ìý 17 Ìý Ìý Ìý 17 Ìý

Other adjustments:

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Business acquisition and integration expenses and purchase accounting inventory adjustments

Ìý Ìý (6 ) Ìý Ìý (9 )

Fair value adjustments to Venator investment

Ìý Ìý (2 ) Ìý Ìý (19 )

Certain legal and other settlements and related expenses

Ìý Ìý (12 ) Ìý Ìý (2 )

Costs associated with the Albemarle Settlement, net

Ìý Ìý (1 ) Ìý Ìý â€� Ìý

Loss on sale of business/assets

Ìý Ìý (4 ) Ìý Ìý â€� Ìý

Income from transition services arrangements

Ìý Ìý 1 Ìý Ìý Ìý 1 Ìý

Certain nonrecurring information technology project implementation costs

Ìý Ìý (2 ) Ìý Ìý (1 )

Amortization of pension and postretirement actuarial losses

Ìý Ìý (14 ) Ìý Ìý (22 )

Plant incident remediation costs

Ìý Ìý â€� Ìý Ìý Ìý (4 )

Restructuring, impairment and plant closing and transition costs(3)

Ìý Ìý (3 ) Ìý Ìý (24 )

Income from continuing operations before income taxes

Ìý Ìý 304 Ìý Ìý Ìý 133 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Income tax expense—continuing operations

Ìý Ìý (65 ) Ìý Ìý (34 )

Income from discontinued operations

Ìý Ìý 1 Ìý Ìý Ìý 1 Ìý

Net income

Ìý $ 240 Ìý Ìý $ 100 Ìý
Ìý Ìý

Three months

Ìý
Ìý Ìý

ended

Ìý
Ìý Ìý

March 31,

Ìý
Ìý Ìý

2022

Ìý Ìý

2021

Ìý

ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International:

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Segment adjusted EBITDA(1):

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Polyurethanes

Ìý $ 224 Ìý Ìý $ 207 Ìý

Performance Products

Ìý Ìý 146 Ìý Ìý Ìý 63 Ìý

Advanced Materials

Ìý Ìý 67 Ìý Ìý Ìý 44 Ìý

Textile Effects

Ìý Ìý 28 Ìý Ìý Ìý 25 Ìý

Total reportable segments� adjusted EBITDA

Ìý Ìý 465 Ìý Ìý Ìý 339 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Reconciliation of total reportable segments� adjusted EBITDA to income from continuing operations before income taxes:

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Interest expense, net—continuing operations

Ìý Ìý (14 ) Ìý Ìý (19 )

Depreciation and amortization—continuing operations

Ìý Ìý (71 ) Ìý Ìý (73 )

Corporate and other costs, net(2)

Ìý Ìý (47 ) Ìý Ìý (47 )

Net income attributable to noncontrolling interests

Ìý Ìý 17 Ìý Ìý Ìý 17 Ìý

Other adjustments:

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Business acquisition and integration expenses and purchase accounting inventory adjustments

Ìý Ìý (6 ) Ìý Ìý (9 )

Fair value adjustments to Venator investment

Ìý Ìý (2 ) Ìý Ìý (19 )

Certain legal and other settlements and related expenses

Ìý Ìý (12 ) Ìý Ìý (2 )

Costs associated with the Albemarle Settlement, net

Ìý Ìý (1 ) Ìý Ìý â€� Ìý

Loss on sale of business/assets

Ìý Ìý (4 ) Ìý Ìý â€� Ìý

Income from transition services arrangements

Ìý Ìý 1 Ìý Ìý Ìý 1 Ìý

Certain nonrecurring information technology project implementation costs

Ìý Ìý (2 ) Ìý Ìý (1 )

Amortization of pension and postretirement actuarial losses

Ìý Ìý (14 ) Ìý Ìý (23 )

Plant incident remediation costs

Ìý Ìý â€� Ìý Ìý Ìý (4 )

Restructuring, impairment and plant closing and transition costs(3)

Ìý Ìý (3 ) Ìý Ìý (24 )

Income from continuing operations before income taxes

Ìý Ìý 307 Ìý Ìý Ìý 136 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Income tax expense—continuing operations

Ìý Ìý (65 ) Ìý Ìý (35 )

Income from discontinued operations

Ìý Ìý 1 Ìý Ìý Ìý 1 Ìý

Net income

Ìý $ 243 Ìý Ìý $ 102 Ìý