ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

Quarterly report pursuant to Section 13 or 15(d)

Note 10 - Revenue Recognition - Disaggregation of Revenue (Details)

v3.23.2
Note 10 - Revenue Recognition - Disaggregation of Revenue (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Total revenues [1] $ 1,596 $ 2,170 $ 3,202 $ 4,362
MDI Urethanes [Member] Ìý Ìý Ìý Ìý
Total revenues 1,012 1,353 2,003 2,739
Differentiated [Member] Ìý Ìý Ìý Ìý
Total revenues 307 492 641 972
Specialty [Member] Ìý Ìý Ìý Ìý
Total revenues 267 309 535 615
Product and Service, Other [Member] Ìý Ìý Ìý Ìý
Total revenues 17 27 38 56
Elimination [Member] Ìý Ìý Ìý Ìý
Total revenues (7) (11) (15) (20)
Operating Segments [Member] Ìý Ìý Ìý Ìý
Total revenues 1,603 2,181 [2] 3,217 4,382
Operating Segments [Member] | Polyurethanes [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 1,012 [2] 1,353 2,003 2,739
Operating Segments [Member] | Polyurethanes [Member] | MDI Urethanes [Member] Ìý Ìý Ìý Ìý
Total revenues 1,012 1,353 2,003 2,739
Operating Segments [Member] | Performance Products [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 307 492 641 972
Operating Segments [Member] | Performance Products [Member] | Differentiated [Member] Ìý Ìý Ìý Ìý
Total revenues 307 492 641 972
Operating Segments [Member] | Advanced Materials [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 284 336 573 671
Operating Segments [Member] | Advanced Materials [Member] | Specialty [Member] Ìý Ìý Ìý Ìý
Total revenues 267 309 535 615
Operating Segments [Member] | Advanced Materials [Member] | Product and Service, Other [Member] Ìý Ìý Ìý Ìý
Total revenues 17 27 38 56
Corporate and Reconciling Items [Member] Ìý Ìý Ìý Ìý
Total revenues [1] (7) (11) (15) (20)
Corporate and Reconciling Items [Member] | Elimination [Member] Ìý Ìý Ìý Ìý
Total revenues (7) (11) (15) (20)
U.S. and Canada [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 609 900 1,238 1,768
U.S. and Canada [Member] | Operating Segments [Member] | Polyurethanes [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 388 571 774 1,131
U.S. and Canada [Member] | Operating Segments [Member] | Performance Products [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 140 223 297 428
U.S. and Canada [Member] | Operating Segments [Member] | Advanced Materials [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 83 110 172 216
U.S. and Canada [Member] | Corporate and Reconciling Items [Member] Ìý Ìý Ìý Ìý
Total revenues [1] (2) (4) (5) (7)
Europe [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 451 584 909 1,183
Europe [Member] | Operating Segments [Member] | Polyurethanes [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 278 348 550 703
Europe [Member] | Operating Segments [Member] | Performance Products [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 68 117 142 237
Europe [Member] | Operating Segments [Member] | Advanced Materials [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 110 123 226 251
Europe [Member] | Corporate and Reconciling Items [Member] Ìý Ìý Ìý Ìý
Total revenues [1] (5) (4) (9) (8)
Asia Pacific [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 403 524 801 1,078
Asia Pacific [Member] | Operating Segments [Member] | Polyurethanes [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 260 332 518 692
Asia Pacific [Member] | Operating Segments [Member] | Performance Products [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 74 120 153 244
Asia Pacific [Member] | Operating Segments [Member] | Advanced Materials [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 69 74 131 145
Asia Pacific [Member] | Corporate and Reconciling Items [Member] Ìý Ìý Ìý Ìý
Total revenues [1] Ìý (2) (1) (3)
Rest of World [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 133 162 254 333
Rest of World [Member] | Operating Segments [Member] | Polyurethanes [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 86 102 161 213
Rest of World [Member] | Operating Segments [Member] | Performance Products [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 25 32 49 63
Rest of World [Member] | Operating Segments [Member] | Advanced Materials [Member] Ìý Ìý Ìý Ìý
Total revenues [1] $ 22 29 44 59
Rest of World [Member] | Corporate and Reconciling Items [Member] Ìý Ìý Ìý Ìý
Total revenues [1] Ìý $ (1) $ 0 $ (2)
[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) fair value adjustments to Venator investment, net; (c) certain legal and other settlements and related expenses; (d) costs associated with the Albemarle Settlement, net; (e) gain (loss) on sale of business/assets; (f) income from transition services arrangements; (g) certain nonrecurring information technology project implementation costs; (h) amortization of pension and postretirement actuarial losses; (i) plant incident remediation credits (j) restructuring, impairment, plant closing and transition costs; and (k) (loss) income from discontinued operations, net of tax.