Note 4 - Discontinued Operations |
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Mar. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notes to Financial Statements | Ìý | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] |
4. DISCONTINUED OPERATIONSÌý Ìý SaLEÌýofÌýtEXTILE eFFECTS bUSINESS Ìý On February 28, 2023, we completed the sale of our textile chemicals and dyes business (“Textile Effects Businessâ€�)Ìýto Archroma, a portfolio company of SK Capital Partners,Ìýand during the first quarter of 2024, we finalized the purchase price valued atÌý$597Ìýmillion, which includedÌýadjustments to the purchase price for working capital, plus the assumption of underfunded pension liabilities. Additionally, during the three months ended March 31, 2025 and 2024, we recorded net charges of approximately $1 million and $8Ìýmillion, respectively, related to certain post-closing indemnification obligations and other outstanding charges between the parties.Ìý Ìý The following table reconciles major line items constituting pretax loss of discontinued operations to after-tax lossÌýof discontinued operations, primarily related to our Textile Effects Business,Ìýas presented in our condensed consolidated statements of operations (dollars in millions):Ìý Ìý
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