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Quarterly report pursuant to Section 13 or 15(d)

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

v3.23.3
Note 10 - Revenue Recognition - Disaggregation of Revenue (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Total revenues [1] $ 1,506 $ 2,011 $ 4,708 $ 6,373
MDI Urethanes [Member] Ìý Ìý Ìý Ìý
Total revenues 967 1,257 2,970 3,996
Differentiated [Member] Ìý Ìý Ìý Ìý
Total revenues 277 434 918 1,406
Specialty [Member] Ìý Ìý Ìý Ìý
Total revenues 256 306 791 921
Product and Service, Other [Member] Ìý Ìý Ìý Ìý
Total revenues 12 22 50 78
Elimination [Member] Ìý Ìý Ìý Ìý
Total revenues (6) (8) (21) (28)
Operating Segments [Member] Ìý Ìý Ìý Ìý
Total revenues 1,512 2,019 [2] 4,729 6,401
Operating Segments [Member] | Polyurethanes [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 967 [2] 1,257 2,970 3,996
Operating Segments [Member] | Polyurethanes [Member] | MDI Urethanes [Member] Ìý Ìý Ìý Ìý
Total revenues 967 1,257 2,970 3,996
Operating Segments [Member] | Performance Products [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 277 434 918 1,406
Operating Segments [Member] | Performance Products [Member] | Differentiated [Member] Ìý Ìý Ìý Ìý
Total revenues 277 434 918 1,406
Operating Segments [Member] | Advanced Materials [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 268 328 841 999
Operating Segments [Member] | Advanced Materials [Member] | Specialty [Member] Ìý Ìý Ìý Ìý
Total revenues 256 306 791 921
Operating Segments [Member] | Advanced Materials [Member] | Product and Service, Other [Member] Ìý Ìý Ìý Ìý
Total revenues 12 22 50 78
Corporate and Reconciling Items [Member] Ìý Ìý Ìý Ìý
Total revenues [1] (6) (8) (21) (28)
Corporate and Reconciling Items [Member] | Elimination [Member] Ìý Ìý Ìý Ìý
Total revenues (6) (8) (21) (28)
U.S. and Canada [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 574 864 1,812 2,632
U.S. and Canada [Member] | Operating Segments [Member] | Polyurethanes [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 364 547 1,138 1,678
U.S. and Canada [Member] | Operating Segments [Member] | Performance Products [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 132 216 429 644
U.S. and Canada [Member] | Operating Segments [Member] | Advanced Materials [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 82 104 254 320
U.S. and Canada [Member] | Corporate and Reconciling Items [Member] Ìý Ìý Ìý Ìý
Total revenues [1] (4) (3) (9) (10)
Europe [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 406 481 1,315 1,664
Europe [Member] | Operating Segments [Member] | Polyurethanes [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 255 280 805 983
Europe [Member] | Operating Segments [Member] | Performance Products [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 57 90 199 327
Europe [Member] | Operating Segments [Member] | Advanced Materials [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 96 114 322 365
Europe [Member] | Corporate and Reconciling Items [Member] Ìý Ìý Ìý Ìý
Total revenues [1] (2) (3) (11) (11)
Asia Pacific [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 409 513 1,210 1,591
Asia Pacific [Member] | Operating Segments [Member] | Polyurethanes [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 276 335 794 1,027
Asia Pacific [Member] | Operating Segments [Member] | Performance Products [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 65 97 218 341
Asia Pacific [Member] | Operating Segments [Member] | Advanced Materials [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 68 82 199 227
Asia Pacific [Member] | Corporate and Reconciling Items [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 0 (1) (1) (4)
Rest of World [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 117 153 371 486
Rest of World [Member] | Operating Segments [Member] | Polyurethanes [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 72 95 233 308
Rest of World [Member] | Operating Segments [Member] | Performance Products [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 23 31 72 94
Rest of World [Member] | Operating Segments [Member] | Advanced Materials [Member] Ìý Ìý Ìý Ìý
Total revenues [1] 22 28 66 87
Rest of World [Member] | Corporate and Reconciling Items [Member] Ìý Ìý Ìý Ìý
Total revenues [1] $ 0 $ (1) $ 0 $ (3)
[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.