ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

Quarterly report pursuant to Section 13 or 15(d)

Note 20 - Operating Segment Information (Tables)

v3.24.1.u1
Note 20 - Operating Segment Information (Tables)
3 Months Ended
Mar. 31, 2024
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

2024

Ìý Ìý

2023

Ìý

Revenues:

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Polyurethanes

Ìý $ 926 Ìý Ìý $ 991 Ìý

Performance Products

Ìý Ìý 291 Ìý Ìý Ìý 334 Ìý

Advanced Materials

Ìý Ìý 261 Ìý Ìý Ìý 289 Ìý

Total reportable segments� revenues

Ìý Ìý 1,478 Ìý Ìý Ìý 1,614 Ìý

Intersegment eliminations

Ìý Ìý (8 ) Ìý Ìý (8 )

Total

Ìý $ 1,470 Ìý Ìý $ 1,606 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 $ 39 Ìý Ìý $ 66 Ìý

Performance Products

Ìý Ìý 42 Ìý Ìý Ìý 71 Ìý

Advanced Materials

Ìý Ìý 43 Ìý Ìý Ìý 48 Ìý

Total reportable segments� adjusted EBITDA

Ìý Ìý 124 Ìý Ìý Ìý 185 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

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

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Interest expense, net—continuing operations

Ìý Ìý (19 ) Ìý Ìý (18 )

Depreciation and amortization—continuing operations

Ìý Ìý (69 ) Ìý Ìý (69 )

Corporate and other costs, net(2)

Ìý Ìý (43 ) Ìý Ìý (49 )

Net income attributable to noncontrolling interests

Ìý Ìý 14 Ìý Ìý Ìý 13 Ìý

Other adjustments:

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Business acquisition and integration expenses and purchase accounting inventory adjustments

Ìý Ìý (20 ) Ìý Ìý (1 )

Fair value adjustments to Venator investment, net

Ìý Ìý â€� Ìý Ìý Ìý (1 )

Certain legal and other settlements and related expenses

Ìý Ìý (1 ) Ìý Ìý (1 )

Certain nonrecurring information technology project implementation costs

Ìý Ìý â€� Ìý Ìý Ìý (2 )

Amortization of pension and postretirement actuarial losses

Ìý Ìý (8 ) Ìý Ìý (8 )

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

Ìý Ìý (14 ) Ìý Ìý 6 Ìý

(Loss) income from continuing operations before income taxes

Ìý Ìý (36 ) Ìý Ìý 55 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Income tax benefit (expense)—continuing operations

Ìý Ìý 20 Ìý Ìý Ìý (11 )

(Loss) income from discontinued operations, net of tax

Ìý Ìý (7 ) Ìý Ìý 122 Ìý

Net (loss) income

Ìý $ (23 ) Ìý $ 166 Ìý
Ìý Ìý

Three months

Ìý
Ìý Ìý

ended

Ìý
Ìý Ìý

March 31,

Ìý
Ìý Ìý

2024

Ìý Ìý

2023

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 $ 39 Ìý Ìý $ 66 Ìý

Performance Products

Ìý Ìý 42 Ìý Ìý Ìý 71 Ìý

Advanced Materials

Ìý Ìý 43 Ìý Ìý Ìý 48 Ìý

Total reportable segments� adjusted EBITDA

Ìý Ìý 124 Ìý Ìý Ìý 185 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

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

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Interest expense, net—continuing operations

Ìý Ìý (19 ) Ìý Ìý (18 )

Depreciation and amortization—continuing operations

Ìý Ìý (69 ) Ìý Ìý (69 )

Corporate and other costs, net(2)

Ìý Ìý (41 ) Ìý Ìý (47 )

Net income attributable to noncontrolling interests

Ìý Ìý 14 Ìý Ìý Ìý 13 Ìý

Other adjustments:

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Business acquisition and integration expenses and purchase accounting inventory adjustments

Ìý Ìý (20 ) Ìý Ìý (1 )

Fair value adjustments to Venator investment, net

Ìý Ìý â€� Ìý Ìý Ìý (1 )

Certain legal and other settlements and related expenses

Ìý Ìý (1 ) Ìý Ìý (1 )

Certain nonrecurring information technology project implementation costs

Ìý Ìý â€� Ìý Ìý Ìý (2 )

Amortization of pension and postretirement actuarial losses

Ìý Ìý (8 ) Ìý Ìý (8 )

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

Ìý Ìý (14 ) Ìý Ìý 6 Ìý

(Loss) income from continuing operations before income taxes

Ìý Ìý (34 ) Ìý Ìý 57 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Income tax benefit (expense)—continuing operations

Ìý Ìý 20 Ìý Ìý Ìý (11 )

(Loss) income from discontinued operations, net of tax

Ìý Ìý (7 ) Ìý Ìý 122 Ìý

Net (loss) income

Ìý $ (21 ) Ìý $ 168 Ìý