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Segment Information (Notes) | 3 Months Ended
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Mar. 31, 2023
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company operates in two principal operating segments: Performance and Essential Materials and Housing and Infrastructure Products. These segments are strategic business units that offer a variety of different materials and products. The Company manages each segment separately as each business requires different technology and marketing strategies.
|  |  |  | Three Months Ended March 31, |  |  |  |  |  |  |
|  |  |  |  |  | 2023 |  | 2022 |  |  |  |  |  |  |
Net external sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performance and Essential Materials |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performance Materials |  |  |  |  |  | $ | 1,282 |  |  | $ | 1,929 |  |  |  |  |  |  |  |
Essential Materials |  |  |  |  |  | 1,067 |  |  | 903 |  |  |  |  |  |  |  |
Total Performance and Essential Materials |  |  |  |  |  | 2,349 |  |  | 2,832 |  |  |  |  |  |  |  |
Housing and Infrastructure Products |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Housing Products |  |  |  |  |  | 818 |  |  | 972 |  |  |  |  |  |  |  |
Infrastructure Products |  |  |  |  |  | 189 |  |  | 252 |  |  |  |  |  |  |  |
Total Housing and Infrastructure Products |  |  |  |  |  | 1,007 |  |  | 1,224 |  |  |  |  |  |  |  |
|  |  |  |  |  | $ | 3,356 |  |  | $ | 4,056 |  |  |  |  |  |  |  |
Intersegment sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performance and Essential Materials |  |  |  |  |  | $ | 111 |  |  | $ | 248 |  |  |  |  |  |  |  |
Housing and Infrastructure Products |  |  |  |  |  | — |  |  | — |  |  |  |  |  |  |  |
|  |  |  |  |  | $ | 111 |  |  | $ | 248 |  |  |  |  |  |  |  |
Income (loss) from operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performance and Essential Materials |  |  |  |  |  | $ | 403 |  |  | $ | 879 |  |  |  |  |  |  |  |
Housing and Infrastructure Products |  |  |  |  |  | 143 |  |  | 185 |  |  |  |  |  |  |  |
Corporate and other |  |  |  |  |  | (10) |  |  | (32) |  |  |  |  |  |  |  |
|  |  |  |  |  | $ | 536 |  |  | $ | 1,032 |  |  |  |  |  |  |  |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performance and Essential Materials |  |  |  |  |  | $ | 210 |  |  | $ | 184 |  |  |  |  |  |  |  |
Housing and Infrastructure Products |  |  |  |  |  | 55 |  |  | 71 |  |  |  |  |  |  |  |
Corporate and other |  |  |  |  |  | 2 |  |  | 2 |  |  |  |  |  |  |  |
|  |  |  |  |  | $ | 267 |  |  | $ | 257 |  |  |  |  |  |  |  |
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performance and Essential Materials |  |  |  |  |  | $ | 2 |  |  | $ | 8 |  |  |  |  |  |  |  |
Housing and Infrastructure Products |  |  |  |  |  | 7 |  |  | 2 |  |  |  |  |  |  |  |
Corporate and other |  |  |  |  |  | 13 |  |  | 1 |  |  |  |  |  |  |  |
|  |  |  |  |  | $ | 22 |  |  | $ | 11 |  |  |  |  |  |  |  |
Provision for (benefit from) income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performance and Essential Materials |  |  |  |  |  | $ | 67 |  |  | $ | 202 |  |  |  |  |  |  |  |
Housing and Infrastructure Products |  |  |  |  |  | 37 |  |  | 44 |  |  |  |  |  |  |  |
Corporate and other |  |  |  |  |  | 5 |  |  | (13) |  |  |  |  |  |  |  |
|  |  |  |  |  | $ | 109 |  |  | $ | 233 |  |  |  |  |  |  |  |
|  |  |  | Three Months Ended March 31, |  |  |  |  |  |  |
|  |  |  |  |  | 2023 |  | 2022 |  |  |  |  |  |  |
Capital expenditures |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performance and Essential Materials |  |  |  |  |  | $ | 226 |  |  | $ | 221 |  |  |  |  |  |  |  |
Housing and Infrastructure Products |  |  |  |  |  | 38 |  |  | 39 |  |  |  |  |  |  |  |
Corporate and other |  |  |  |  |  | 3 |  |  | 3 |  |  |  |  |  |  |  |
|  |  |  |  |  | $ | 267 |  |  | $ | 263 |  |  |  |  |  |  |  |
A reconciliation of total segment income from operations to consolidated income before income taxes is as follows:
|  |  |  | Three Months Ended March 31,
|  |  |  |  |  | 2023 |  | 2022
Income from operations |  |  |  |  |  | $ | 536 |  |  | $ | 1,032 |
Interest expense |  |  |  |  |  | (42) |  |  | (46) |
Other income, net |  |  |  |  |  | 22 |  |  | 11 |
Income before income taxes |  |  |  |  |  | $ | 516 |  |  | $ | 997 |
|  | March 31, 2023 |  | December 31, 2022
Total assets |  |  |  |
Performance and Essential Materials |  | $ | 14,114 |  |  | $ | 13,978 |
Housing and Infrastructure Products |  | 5,073 |  |  | 5,022 |
Corporate and other |  | 1,619 |  |  | 1,550 |
|  | $ | 20,806 |  |  | $ | 20,550 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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