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v3.23.2

Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2023
Segment Reporting [Abstract] |
Segment Reporting Information |
|  | Three Months Ended June 30, |  | Six Months Ended June 30, |  |  |  |  |  |  |
|  | 2023 |  | 2022 |  | 2023 |  | 2022 |  |  |  |  |  |  |
Net external sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performance and Essential Materials |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performance Materials |  | $ | 1,140 |  |  | $ | 2,060 |  |  | $ | 2,422 |  |  | $ | 3,989 |  |  |  |  |  |  |  |
Essential Materials |  | 996 |  |  | 1,044 |  |  | 2,063 |  |  | 1,947 |  |  |  |  |  |  |  |
Total Performance and Essential Materials |  | 2,136 |  |  | 3,104 |  |  | 4,485 |  |  | 5,936 |  |  |  |  |  |  |  |
Housing and Infrastructure Products |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Housing Products |  | 918 |  |  | 1,116 |  |  | 1,736 |  |  | 2,088 |  |  |  |  |  |  |  |
Infrastructure Products |  | 197 |  |  | 263 |  |  | 386 |  |  | 515 |  |  |  |  |  |  |  |
Total Housing and Infrastructure Products |  | 1,115 |  |  | 1,379 |  |  | 2,122 |  |  | 2,603 |  |  |  |  |  |  |  |
|  | $ | 3,251 |  |  | $ | 4,483 |  |  | $ | 6,607 |  |  | $ | 8,539 |  |  |  |  |  |  |  |
Intersegment sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performance and Essential Materials |  | $ | 102 |  |  | $ | 292 |  |  | $ | 213 |  |  | $ | 540 |  |  |  |  |  |  |  |
Housing and Infrastructure Products |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |  |  |  |
|  | $ | 102 |  |  | $ | 292 |  |  | $ | 213 |  |  | $ | 540 |  |  |  |  |  |  |  |
Income (loss) from operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performance and Essential Materials |  | $ | 215 |  |  | $ | 965 |  |  | $ | 618 |  |  | $ | 1,844 |  |  |  |  |  |  |  |
Housing and Infrastructure Products |  | 190 |  |  | 236 |  |  | 333 |  |  | 421 |  |  |  |  |  |  |  |
Corporate and other |  | (9) |  |  | (26) |  |  | (19) |  |  | (58) |  |  |  |  |  |  |  |
|  | $ | 396 |  |  | $ | 1,175 |  |  | $ | 932 |  |  | $ | 2,207 |  |  |  |  |  |  |  |
Depreciation and amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performance and Essential Materials |  | $ | 217 |  |  | $ | 192 |  |  | $ | 427 |  |  | $ | 376 |  |  |  |  |  |  |  |
Housing and Infrastructure Products |  | 51 |  |  | 70 |  |  | 106 |  |  | 141 |  |  |  |  |  |  |  |
Corporate and other |  | 3 |  |  | 2 |  |  | 5 |  |  | 4 |  |  |  |  |  |  |  |
|  | $ | 271 |  |  | $ | 264 |  |  | $ | 538 |  |  | $ | 521 |  |  |  |  |  |  |  |
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performance and Essential Materials |  | $ | 3 |  |  | $ | 5 |  |  | $ | 5 |  |  | $ | 13 |  |  |  |  |  |  |  |
Housing and Infrastructure Products |  | 3 |  |  | 4 |  |  | 10 |  |  | 6 |  |  |  |  |  |  |  |
Corporate and other |  | 17 |  |  | 8 |  |  | 30 |  |  | 9 |  |  |  |  |  |  |  |
|  | $ | 23 |  |  | $ | 17 |  |  | $ | 45 |  |  | $ | 28 |  |  |  |  |  |  |  |
Provision for (benefit from) income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performance and Essential Materials |  | $ | 14 |  |  | $ | 222 |  |  | $ | 81 |  |  | $ | 424 |  |  |  |  |  |  |  |
Housing and Infrastructure Products |  | 47 |  |  | 58 |  |  | 84 |  |  | 102 |  |  |  |  |  |  |  |
Corporate and other |  | 9 |  |  | (5) |  |  | 14 |  |  | (18) |  |  |  |  |  |  |  |
|  | $ | 70 |  |  | $ | 275 |  |  | $ | 179 |  |  | $ | 508 |  |  |  |  |  |  |  |
|  | Three Months Ended June 30, |  | Six Months Ended June 30, |  |  |  |  |  |  |
|  | 2023 |  | 2022 |  | 2023 |  | 2022 |  |  |  |  |  |  |
Capital expenditures |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performance and Essential Materials |  | $ | 194 |  |  | $ | 192 |  |  | $ | 420 |  |  | $ | 413 |  |  |  |  |  |  |  |
Housing and Infrastructure Products |  | 42 |  |  | 36 |  |  | 80 |  |  | 75 |  |  |  |  |  |  |  |
Corporate and other |  | 4 |  |  | 2 |  |  | 7 |  |  | 5 |  |  |  |  |  |  |  |
|  | $ | 240 |  |  | $ | 230 |  |  | $ | 507 |  |  | $ | 493 |  |  |  |  |  |  |  |
Reconciliation Of Total Segment Income From Operations To Consolidated Income Before Income Taxes | A reconciliation of total segment income from operations to consolidated income before income taxes is as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
Income from operations |  | $ | 396 |  |  | $ | 1,175 |  |  | $ | 932 |  |  | $ | 2,207 |
Interest expense |  | (42) |  |  | (44) |  |  | (84) |  |  | (90) |
Other income, net |  | 23 |  |  | 17 |  |  | 45 |  |  | 28 |
Income before income taxes |  | $ | 377 |  |  | $ | 1,148 |  |  | $ | 893 |  |  | $ | 2,145 |
Total Assets |
|  | June 30, 2023 |  | December 31, 2022
Total assets |  |  |  |
Performance and Essential Materials |  | $ | 13,856 |  |  | $ | 13,978 |
Housing and Infrastructure Products |  | 5,093 |  |  | 5,022 |
Corporate and other |  | 2,032 |  |  | 1,550 |
|  | $ | 20,981 |  |  | $ | 20,550 |

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