ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

Quarterly report [Sections 13 or 15(d)]

Note 9 - Debt (Details Textual)

v3.25.1
Note 9 - Debt (Details Textual) - USD ($)
$ in Millions
 3 Months Ended
Mar. 28, 2025
May 20, 2022
Mar. 31, 2025
Dec. 31, 2024
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration] Ìý Ìý Secured Overnight Financing Rate (SOFR) [Member] Ìý
Long-Term Debt Ìý Ìý $ 1,954 $ 1,835
Long-Term Debt, Current Maturities [1] Ìý Ìý 284 325
Long-Term Debt, Excluding Current Maturities [1] Ìý Ìý 1,670 1,510
Debt Issuance Costs, Net Ìý Ìý $ 8 9
Arabian Amines Company [Member] Ìý Ìý Ìý Ìý
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage Ìý Ìý 50.00% Ìý
Long-Term Debt Ìý Ìý $ 14 Ìý
Long-Term Debt, Current Maturities Ìý Ìý 9 Ìý
Long-Term Debt, Excluding Current Maturities Ìý Ìý 5 Ìý
Accounts Receivable Programs [Member] Ìý Ìý Ìý Ìý
Long-Term Debt Ìý Ìý 163 0
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] Ìý Ìý Ìý Ìý
Long-Term Debt, Current Maturities [1] Ìý Ìý 284 325
Long-Term Debt, Excluding Current Maturities [1] Ìý Ìý 1,670 1,510
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] | The Revolving Credit Facility [Member] Ìý Ìý Ìý Ìý
Line of Credit Facility, Maximum Borrowing Capacity Ìý $ 1,200 1,200 Ìý
Line Of Credit Facility, Contingent Increase, Additional Borrowing Capacity Ìý $ 500 Ìý Ìý
Letters of Credit Outstanding, Amount Ìý Ìý $ 3 Ìý
Debt Instrument, Basis Spread on Variable Rate [2],[3] Ìý Ìý 1.475% Ìý
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] | Senior Notes Maturing April 2025 [Member] Ìý Ìý Ìý Ìý
Debt Instrument, Interest Rate, Stated Percentage 4.25% Ìý Ìý Ìý
Repayments of Senior Debt $ 315 Ìý Ìý Ìý
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] | Accounts Receivable Programs [Member] Ìý Ìý Ìý Ìý
Letters of Credit Outstanding, Amount Ìý Ìý $ 5 Ìý
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] | Accounts Receivable Programs [Member] | Asset Pledged as Collateral [Member] Ìý Ìý Ìý Ìý
Accounts Receivable, after Allowance for Credit Loss Ìý Ìý $ 271 $ 233
[1] At March 31, 2025 and December 31, 2024, respectively, $15 and $6 of cash and cash equivalents, $20 and $19 of accounts and notes receivable (net), $63 and $57 of inventories, $124 each of property, plant and equipment (net), $36 and $37 of other noncurrent assets, $108 and $111 of accounts payable, $17 and $21 of accrued liabilities, $9 each of current portion of debt, $9 and $6 of current operating lease liabilities, $5 and $7 of long-term debt, $13 and $15 of noncurrent operating lease liabilities and $16 each of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 6. 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 for U.S. dollar borrowings as of March 31, 2025 was 1.475% above Term SOFR.
[3] On March 31, 2025, we had an additional $3 million (U.S. dollar equivalent) of letters of credit and bank guarantees issued and outstanding under our 2022 Revolving Credit Facility.