ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

Quarterly report [Sections 13 or 15(d)]

Note 21 - Operating Segment Information - Financial Information By Segment (Details)

v3.25.1
Note 21 - Operating Segment Information - Financial Information By Segment (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Revenues $ 1,410 [1] $ 1,470 Ìý
Variable direct costs [2] 935 987 Ìý
Adjusted fixed costs [3] 371 379 Ìý
Other segment items [4] 4 (12) Ìý
Segment adjusted EBITDA [5] 108 124 Ìý
Interest expense, net—continuing operations (19) (19) Ìý
Depreciation and amortization—continuing operations (69) (69) Ìý
Corporate and other costs, net [6] (36) (43) Ìý
Net income attributable to noncontrolling interests 16 14 Ìý
Business acquisition and integration gain and purchase accounting inventory adjustments, net 5 (20) Ìý
Certain legal and other settlements and related income 33 (1) Ìý
Amortization of pension and postretirement actuarial losses (7) (8) Ìý
Restructuring, impairment and plant closing and transition costs [7] (4) (14) Ìý
Income from continuing operations before income taxes 27 (36) Ìý
Income tax expense—continuing operations (15) 20 Ìý
Loss from discontinued operations, net of tax (1) (7) Ìý
Net income (loss) 11 (23) Ìý
Business acquisition and integration expenses and purchase accounting inventory adjustments, net 5 (20) Ìý
Certain legal and other settlements and related expenses 33 (1) Ìý
Total assets 7,232 Ìý $ 7,114
Depreciation and amortization - continuing operations 69 69 Ìý
Capital expenditures 36 42 Ìý
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] Ìý Ìý Ìý
Revenues 1,410 1,470 Ìý
Variable direct costs [2] 935 987 Ìý
Adjusted fixed costs [3] 371 379 Ìý
Other segment items [4] 4 (12) Ìý
Segment adjusted EBITDA [5] 108 124 Ìý
Interest expense, net—continuing operations (19) (19) Ìý
Depreciation and amortization—continuing operations (69) (69) Ìý
Corporate and other costs, net [6] (34) (41) Ìý
Net income attributable to noncontrolling interests 16 14 Ìý
Business acquisition and integration gain and purchase accounting inventory adjustments, net 5 (20) Ìý
Certain legal and other settlements and related income 33 (1) Ìý
Amortization of pension and postretirement actuarial losses (7) (8) Ìý
Restructuring, impairment and plant closing and transition costs [7] (4) (14) Ìý
Income from continuing operations before income taxes 29 (34) Ìý
Income tax expense—continuing operations (17) 20 Ìý
Loss from discontinued operations, net of tax (1) (7) Ìý
Net income (loss) 11 (21) Ìý
Business acquisition and integration expenses and purchase accounting inventory adjustments, net 5 (20) Ìý
Certain legal and other settlements and related expenses 33 (1) Ìý
Depreciation and amortization - continuing operations 69 69 Ìý
Operating Segments [Member] Ìý Ìý Ìý
Revenues [8] 1,418 1,478 Ìý
Depreciation and amortization—continuing operations (67) (67) Ìý
Total assets 6,620 Ìý 6,462
Depreciation and amortization - continuing operations 67 67 Ìý
Capital expenditures 35 41 Ìý
Operating Segments [Member] | ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] Ìý Ìý Ìý
Revenues [8] 1,418 1,478 Ìý
Operating Segments [Member] | Polyurethanes [Member] Ìý Ìý Ìý
Revenues [8] 912 [1] 926 Ìý
Variable direct costs [2] 682 705 Ìý
Adjusted fixed costs [3] 186 198 Ìý
Other segment items [4] 2 (16) Ìý
Segment adjusted EBITDA [5] 42 39 Ìý
Depreciation and amortization—continuing operations (39) (37) Ìý
Total assets 4,224 Ìý 4,151
Depreciation and amortization - continuing operations 39 37 Ìý
Capital expenditures 17 15 Ìý
Operating Segments [Member] | Polyurethanes [Member] | ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] Ìý Ìý Ìý
Revenues [8] 912 926 Ìý
Variable direct costs [2] 682 705 Ìý
Adjusted fixed costs [3] 186 198 Ìý
Other segment items [4] 2 (16) Ìý
Segment adjusted EBITDA [5] 42 39 Ìý
Operating Segments [Member] | Performance Products [Member] Ìý Ìý Ìý
Revenues [8] 257 [1] 291 Ìý
Variable direct costs [2] 137 160 Ìý
Adjusted fixed costs [3] 84 83 Ìý
Other segment items [4] 6 6 Ìý
Segment adjusted EBITDA [5] 30 42 Ìý
Depreciation and amortization—continuing operations (15) (17) Ìý
Total assets 1,278 Ìý 1,214
Depreciation and amortization - continuing operations 15 17 Ìý
Capital expenditures 14 22 Ìý
Operating Segments [Member] | Performance Products [Member] | ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] Ìý Ìý Ìý
Revenues [8] 257 291 Ìý
Variable direct costs [2] 137 160 Ìý
Adjusted fixed costs [3] 84 83 Ìý
Other segment items [4] 6 6 Ìý
Segment adjusted EBITDA [5] 30 42 Ìý
Operating Segments [Member] | Advanced Materials [Member] Ìý Ìý Ìý
Revenues [8] 249 [1] 261 Ìý
Variable direct costs [2] 116 122 Ìý
Adjusted fixed costs [3] 101 98 Ìý
Other segment items [4] (4) (2) Ìý
Segment adjusted EBITDA [5] 36 43 Ìý
Depreciation and amortization—continuing operations (13) (13) Ìý
Total assets 1,118 Ìý 1,097
Depreciation and amortization - continuing operations 13 13 Ìý
Capital expenditures 4 4 Ìý
Operating Segments [Member] | Advanced Materials [Member] | ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] Ìý Ìý Ìý
Revenues [8] 249 261 Ìý
Variable direct costs [2] 116 122 Ìý
Adjusted fixed costs [3] 101 98 Ìý
Other segment items [4] (4) (2) Ìý
Segment adjusted EBITDA [5] 36 43 Ìý
Corporate and Reconciling Items [Member] Ìý Ìý Ìý
Revenues (8) [1] (8) Ìý
Depreciation and amortization—continuing operations (2) (2) Ìý
Total assets 612 Ìý $ 652
Depreciation and amortization - continuing operations 2 2 Ìý
Capital expenditures $ 1 $ 1 Ìý
[1] Geographic information for revenues is based upon countries into which product is sold.
[2] Variable direct costs primarily include raw materials, utilities and freight-related costs.
[3] Adjusted fixed costs primarily include personnel and maintenance costs at our manufacturing facilities, selling, general and administrative expenses and research and development expenses, less depreciation and amortization and certain of the adjustments noted in footnote (5) below.
[4] Other segment items include other operating and non-operating income and expense items and foreign currency exchange effects, less certain of the adjustments noted in footnote (5) below.
[5] 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 our chief operating decision maker, who has been determined to be our Chief Executive Officer, 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 gain (expenses) and purchase accounting inventory adjustments, net; (b) certain legal and other settlements and related income (expenses); (c) amortization of pension and postretirement actuarial losses; (d) restructuring, impairment, plant closing and transition costs; and (e) loss from discontinued operations, net of tax
[6] Corporate and other costs, net includes unallocated corporate overhead, unallocated foreign exchange gains and losses, LIFO inventory valuation reserve adjustments, nonoperating income and expense and gains and losses on the disposition of corporate assets.
[7] Includes costs associated with transition activities relating primarily to our program to realign our cost structure in Europe and our Corporate program to optimize our global approach to managed services in various information technology functions.
[8] A reconciliation of total reportable segments� revenues to total consolidated revenues is provided in “Note 12. Revenue Recognition.�