ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

Quarterly report pursuant to Section 13 or 15(d)

Note 19 - Operating Segment Information (Tables)

v3.23.1
Note 19 - Operating Segment Information (Tables)
3 Months Ended
Mar. 31, 2023
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

2023

Ìý Ìý

2022

Ìý

Revenues:

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Polyurethanes

Ìý $ 991 Ìý Ìý $ 1,386 Ìý

Performance Products

Ìý Ìý 334 Ìý Ìý Ìý 480 Ìý

Advanced Materials

Ìý Ìý 289 Ìý Ìý Ìý 335 Ìý

Total reportable segments� revenues

Ìý Ìý 1,614 Ìý Ìý Ìý 2,201 Ìý

Intersegment eliminations

Ìý Ìý (8 ) Ìý Ìý (9 )

Total

Ìý $ 1,606 Ìý Ìý $ 2,192 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 $ 66 Ìý Ìý $ 224 Ìý

Performance Products

Ìý Ìý 71 Ìý Ìý Ìý 146 Ìý

Advanced Materials

Ìý Ìý 48 Ìý Ìý Ìý 67 Ìý

Total reportable segments� adjusted EBITDA

Ìý Ìý 185 Ìý Ìý Ìý 437 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 (18 ) Ìý Ìý (14 )

Depreciation and amortization—continuing operations

Ìý Ìý (69 ) Ìý Ìý (67 )

Corporate and other costs, net(2)

Ìý Ìý (49 ) Ìý Ìý (50 )

Net income attributable to noncontrolling interests

Ìý Ìý 13 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 (1 ) Ìý Ìý (6 )

Fair value adjustments to Venator investment, net

Ìý Ìý (1 ) Ìý Ìý (2 )

Certain legal and other settlements and related expenses

Ìý Ìý (1 ) Ìý Ìý (12 )

Costs associated with the Albemarle Settlement, net

Ìý Ìý â€� Ìý Ìý Ìý (1 )

Loss on sale of business/assets

Ìý Ìý â€� Ìý Ìý Ìý (4 )

Income from transition services arrangements

Ìý Ìý â€� Ìý Ìý Ìý 1 Ìý

Certain nonrecurring information technology project implementation costs

Ìý Ìý (2 ) Ìý Ìý (2 )

Amortization of pension and postretirement actuarial losses

Ìý Ìý (8 ) Ìý Ìý (12 )

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

Ìý Ìý 6 Ìý Ìý Ìý (3 )

Income from continuing operations before income taxes

Ìý Ìý 55 Ìý Ìý Ìý 282 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Income tax expense—continuing operations

Ìý Ìý (11 ) Ìý Ìý (60 )

Income from discontinued operations, net of tax

Ìý Ìý 122 Ìý Ìý Ìý 18 Ìý

Net income

Ìý $ 166 Ìý Ìý $ 240 Ìý
Ìý Ìý

Three months

Ìý
Ìý Ìý

ended

Ìý
Ìý Ìý

March 31,

Ìý
Ìý Ìý

2023

Ìý Ìý

2022

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 $ 66 Ìý Ìý $ 224 Ìý

Performance Products

Ìý Ìý 71 Ìý Ìý Ìý 146 Ìý

Advanced Materials

Ìý Ìý 48 Ìý Ìý Ìý 67 Ìý

Total reportable segments� adjusted EBITDA

Ìý Ìý 185 Ìý Ìý Ìý 437 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 (18 ) Ìý Ìý (14 )

Depreciation and amortization—continuing operations

Ìý Ìý (69 ) Ìý Ìý (67 )

Corporate and other costs, net(2)

Ìý Ìý (47 ) Ìý Ìý (47 )

Net income attributable to noncontrolling interests

Ìý Ìý 13 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 (1 ) Ìý Ìý (6 )

Fair value adjustments to Venator investment, net

Ìý Ìý (1 ) Ìý Ìý (2 )

Certain legal and other settlements and related expenses

Ìý Ìý (1 ) Ìý Ìý (12 )

Costs associated with the Albemarle Settlement, net

Ìý Ìý â€� Ìý Ìý Ìý (1 )

Loss on sale of business/assets

Ìý Ìý â€� Ìý Ìý Ìý (4 )

Income from transition services arrangements

Ìý Ìý â€� Ìý Ìý Ìý 1 Ìý

Certain nonrecurring information technology project implementation costs

Ìý Ìý (2 ) Ìý Ìý (2 )

Amortization of pension and postretirement actuarial losses

Ìý Ìý (8 ) Ìý Ìý (12 )

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

Ìý Ìý 6 Ìý Ìý Ìý (3 )

Income from continuing operations before income taxes

Ìý Ìý 57 Ìý Ìý Ìý 285 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Income tax expense—continuing operations

Ìý Ìý (11 ) Ìý Ìý (60 )

Income from discontinued operations, net of tax

Ìý Ìý 122 Ìý Ìý Ìý 18 Ìý

Net income

Ìý $ 168 Ìý Ìý $ 243 Ìý