ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

Annual report pursuant to Section 13 and 15(d)

Note 14 - Debt (Details Textual)

v3.24.0.1
Note 14 - Debt (Details Textual)
� in Millions, $ in Millions
 3 Months Ended 12 Months Ended
Jun. 23, 2021
USD ($)
Jun. 30, 2021
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2023
EUR (�)
May 26, 2021
USD ($)
Debt Issuance Costs, Net Ìý Ìý $ 7 $ 8 Ìý Ìý Ìý
Interest Paid, Excluding Capitalized Interest, Operating Activities Ìý Ìý 68 66 $ 82 Ìý Ìý
Payment for Debt Extinguishment or Debt Prepayment Cost Ìý Ìý (0) (0) 26 Ìý Ìý
Gain (Loss) on Extinguishment of Debt, Total Ìý Ìý 0 0 (27) Ìý Ìý
Long-Term Debt Ìý Ìý 1,688 1,737 Ìý Ìý Ìý
Long-Term Debt, Current Maturities [1] Ìý Ìý 12 66 Ìý Ìý Ìý
Long-Term Debt, Excluding Current Maturities [1] Ìý Ìý $ 1,676 1,671 Ìý Ìý Ìý
Arabian Amines Company [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage Ìý Ìý 50.00% Ìý Ìý Ìý Ìý
Long-Term Debt Ìý Ìý $ 26 Ìý Ìý Ìý Ìý
Long-Term Debt, Current Maturities Ìý Ìý 9 Ìý Ìý Ìý Ìý
Long-Term Debt, Excluding Current Maturities Ìý Ìý 17 Ìý Ìý Ìý Ìý
The Revolving Credit Facility [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Long-Term Debt Ìý Ìý 0 55 Ìý Ìý Ìý
Accounts Receivable Programs [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Long-Term Debt Ìý Ìý 169 166 Ìý Ìý Ìý
The Senior Notes [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Long-Term Debt Ìý Ìý 1,471 1,455 Ìý Ìý Ìý
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Interest Paid, Excluding Capitalized Interest, Operating Activities Ìý Ìý 68 66 82 Ìý Ìý
Payment for Debt Extinguishment or Debt Prepayment Cost Ìý Ìý (0) (0) 26 Ìý Ìý
Gain (Loss) on Extinguishment of Debt, Total Ìý Ìý 0 0 $ (27) Ìý Ìý
Long-Term Debt, Current Maturities [1] Ìý Ìý 12 66 Ìý Ìý Ìý
Long-Term Debt, Excluding Current Maturities [1] Ìý Ìý 1,676 1,671 Ìý Ìý Ìý
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] | The Revolving Credit Facility [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Line Of Credit Facility, Contingent Increase, Additional Borrowing Capacity Ìý Ìý 500 Ìý Ìý Ìý Ìý
Line of Credit Facility, Maximum Borrowing Capacity Ìý Ìý 1,200 Ìý Ìý Ìý Ìý
Letters of Credit Outstanding, Amount Ìý Ìý 4 Ìý Ìý Ìý Ìý
Long-Term Debt Ìý Ìý $ 0 Ìý Ìý Ìý Ìý
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] | The Revolving Credit Facility [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Basis Spread on Variable Rate [2],[3] Ìý Ìý 1.525% Ìý Ìý Ìý Ìý
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] | Accounts Receivable Programs [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Letters of Credit Outstanding, Amount Ìý Ìý $ 6 Ìý Ìý Ìý Ìý
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] | Accounts Receivable Programs [Member] | Asset Pledged as Collateral [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Accounts Receivable, after Allowance for Credit Loss Ìý Ìý $ 224 $ 272 Ìý Ìý Ìý
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] | The Senior Notes [Member] | Debt Instrument Redemption Period Upon Occurrence of Certain Change of Control Events [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Redemption Price, Percentage Ìý Ìý 101.00% Ìý Ìý Ìý Ìý
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] | Senior Notes Maturing April 2025 [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Redemption Price, Percentage Ìý Ìý 100.00% Ìý Ìý Ìý Ìý
Debt Instrument, Interest Rate, Stated Percentage Ìý Ìý 4.25% Ìý Ìý 4.25% Ìý
Long-Term Debt Ìý Ìý $ 332 Ìý Ìý â‚� 299 Ìý
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] | The 2029 Senior Notes [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Redemption Price, Percentage Ìý Ìý 100.00% Ìý Ìý Ìý Ìý
Debt Instrument, Interest Rate, Stated Percentage Ìý Ìý 4.50% Ìý Ìý 4.50% Ìý
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] | The 2031 Senior Notes [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Redemption Price, Percentage Ìý Ìý 100.00% Ìý Ìý Ìý Ìý
Debt Instrument, Interest Rate, Stated Percentage Ìý Ìý 2.95% Ìý Ìý 2.95% Ìý
Debt Instrument, Face Amount Ìý Ìý Ìý Ìý Ìý Ìý $ 400
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] | The 2022 Senior Note [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Interest Rate, Stated Percentage 5.125% Ìý Ìý Ìý Ìý Ìý Ìý
Early Repayment of Senior Debt $ 400 Ìý Ìý Ìý Ìý Ìý Ìý
Interest Paid, Excluding Capitalized Interest, Operating Activities $ 2 Ìý Ìý Ìý Ìý Ìý Ìý
Gain (Loss) on Extinguishment of Debt, Total Ìý $ (26) Ìý Ìý Ìý Ìý Ìý
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] | The 2022 Senior Note [Member] | Debt Redemption Premiums and Related Fees and Expenses [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Payment for Debt Extinguishment or Debt Prepayment Cost Ìý $ 25 Ìý Ìý Ìý Ìý Ìý
[1] At December 31, 2023 and December 31, 2022, respectively, $2 and $5 of cash and cash equivalents, $16 and $4 of accounts and notes receivable (net), $48 and $59 of inventories, $150 and $149 of property, plant and equipment (net), $32 and $29 of other noncurrent assets, $84 and $114 of accounts payable, $20 and $12 of accrued liabilities, $9 each of current portion of debt, $8 and $9 of current operating lease liabilities, $17 and $26 of long-term debt, $21 and $19 of noncurrent operating lease and $15 and $25 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheets captions above. See “Note 8. Variable Interest Entities.� These assets can only be used to settle obligations of the variable interest entities, and creditors of these liabilities do not have recourse to our general credit.
[2] Interest rates on borrowings under the 2022 Revolving Credit Facility vary based on the type of loan and ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International’s debt ratings. The representative interest rate as of December 31, 2023 was 1.525% above Term SOFR.
[3] On December 31, 2023, we had an additional $4 million (U.S. dollar equivalents) of letters of credit and bank guarantees issued and outstanding under our 2022 Revolving Credit Facility.