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Pay vs Performance Disclosure - USD ($) | 12 Months Ended
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Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020
Pay vs Performance Disclosure |  |  |  |
Pay vs Performance Disclosure, Table |
2023 Pay Versus Performance Table
Year | Summary Compensation Table Total for First PEO(1) | Summary Compensation Table Total for Second PEO(1) | Compensation Actually Paid to First PEO(1)(3) | Compensation Actually Paid to Second PEO(1)(3) | Average Summary Compensation Table Total for non-PEO NEOs(2) | Average Compensation Actually Paid to non-PEO NEOs(2)(3) | Value of Initial Fixed $100 Investment Based on: | Net Income ($MM) | Adjusted EBITDA ($MM)(5)
Total Shareholder Return(4) | Peer Group Total Shareholder Return(4)
2023 | $ | 14,472,115 |  | N/A | $ | (4,776,615) |  | N/A | $ | 3,154,592 |  | $ | 1,224,527 |  | $ | 206 |  | $ | 128 |  | $ | 1,573 |  | $ | 2,779 |
2022 | $ | 11,118,156 |  | N/A | $ | 13,714,085 |  | N/A | $ | 2,964,307 |  | $ | 3,084,017 |  | $ | 306 |  | $ | 112 |  | $ | 2,474 |  | $ | 3,403 |
2021 | $ | 9,040,753 |  | N/A | $ | 20,335,113 |  | N/A | $ | 2,516,658 |  | $ | 8,987,310 |  | $ | 328 |  | $ | 149 |  | $ | 199.9 |  | $ | 871.0 |
2020 | $ | 4,939,369 |  | $ | 3,828,474 |  | $ | 9,726,632 |  | $ | 5,585,398 |  | $ | 2,891,776 |  | $ | 7,130,736 |  | $ | 205 |  | $ | 116 |  | $ | 446.6 |  | $ | 819.0 |
Company Selected Measure Name | Adjusted EBITDA |  |  |
Named Executive Officers, Footnote | “First PEO” represents J. Kent Masters, Jr., who was appointed CEO on April 20, 2020. The “Second PEO” represents Luther C. Kissam, IV, who served as CEO until April 20, 2020 The non-PEO NEOs for each applicable year are as follows: a.2023: Neal R. Sheorey, Kristin M. Coleman, Netha N. Johnson, Jr., Eric W. Norris, Raphael G. Crawford, Sean O'Hollaren and Scott A. Tozier b.2022: Scott A. Tozier, Kristin M. Coleman, Netha N. Johnson, Jr., and Eric W. Norris c.2021: Scott A. Tozier, Netha N. Johnson, Jr., Karen G. Narwold, and Eric W. Norris d.2020: Scott A. Tozier, Raphael G. Crawford, Netha N. Johnson, Jr., and Eric W. Norris |  |  |
Adjustment To PEO Compensation, Footnote | SEC rules require certain adjustments be made to the Summary Compensation Table totals to determine CAP as reported in the Pay Versus Performance Table above. The following table details the applicable adjustments that were made to Summary Compensation Table totals to determine CAP after deducting the Summary Compensation Table values for the aggregate change in value of pension plans and the grant-date fair value of stock awards and option awards. The fair value or change in fair value, as applicable, of stock awards and option awards was determined by reference to (x) for RSU awards, the closing price of our common stock on the applicable measurement date, (y) for PSU awards (excluding market-conditioned (relative TSR-based) PSU awards), the closing price of our common stock on the applicable measurement date multiplied by the probability of achievement as of such date and (z) for market-conditioned PSU awards, a Monte Carlo simulation as of the applicable measurement date. For stock options, the fair value or change in fair value, as applicable, was determined using a Black-Scholes valuation model. The model references the closing stock price, in addition to the stock option’s strike price, expected life, volatility, expected dividend yield, and risk-free rate as of the measurement date.
Year | Pension | Equity Awards
Pension Service Cost | Year End Fair Value of Equity Awards | Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year | Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year | Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation | Total Equity Award Adjustments
First PEO
2023 | N/A | $ | 3,701,055 |  | $ | (5,050,689) |  | $ | — |  | $ | (4,361,385) |  | $ | (2,805,134) |  | $ | — |  | $ | (8,516,153) |
Non-PEO NEO Average
2023 | N/A | $ | 485,820 |  | $ | (1,656,886) |  | $ | 24,881 |  | $ | 539,242 |  | $ | — |  | $ | — |  | $ | (606,943) |
Non-PEO NEO Average Total Compensation Amount | $ 3,154,592 | $ 2,964,307 | $ 2,516,658 | $ 2,891,776
Non-PEO NEO Average Compensation Actually Paid Amount | $ 1,224,527 | 3,084,017 | 8,987,310 | 7,130,736
Adjustment to Non-PEO NEO Compensation Footnote | SEC rules require certain adjustments be made to the Summary Compensation Table totals to determine CAP as reported in the Pay Versus Performance Table above. The following table details the applicable adjustments that were made to Summary Compensation Table totals to determine CAP after deducting the Summary Compensation Table values for the aggregate change in value of pension plans and the grant-date fair value of stock awards and option awards. The fair value or change in fair value, as applicable, of stock awards and option awards was determined by reference to (x) for RSU awards, the closing price of our common stock on the applicable measurement date, (y) for PSU awards (excluding market-conditioned (relative TSR-based) PSU awards), the closing price of our common stock on the applicable measurement date multiplied by the probability of achievement as of such date and (z) for market-conditioned PSU awards, a Monte Carlo simulation as of the applicable measurement date. For stock options, the fair value or change in fair value, as applicable, was determined using a Black-Scholes valuation model. The model references the closing stock price, in addition to the stock option’s strike price, expected life, volatility, expected dividend yield, and risk-free rate as of the measurement date.
Year | Pension | Equity Awards
Pension Service Cost | Year End Fair Value of Equity Awards | Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards | Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year | Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year | Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year | Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation | Total Equity Award Adjustments
First PEO
2023 | N/A | $ | 3,701,055 |  | $ | (5,050,689) |  | $ | — |  | $ | (4,361,385) |  | $ | (2,805,134) |  | $ | — |  | $ | (8,516,153) |
Non-PEO NEO Average
2023 | N/A | $ | 485,820 |  | $ | (1,656,886) |  | $ | 24,881 |  | $ | 539,242 |  | $ | — |  | $ | — |  | $ | (606,943) |
Compensation Actually Paid vs. Total Shareholder Return |  |  |  |
Compensation Actually Paid vs. Net Income |  |  |  |
Compensation Actually Paid vs. Company Selected Measure | ___________________________________________________ |  |  |
Total Shareholder Return Vs Peer Group |  |  |  |
Tabular List, Table |
Adjusted EBITDA
Adjusted ROIC
Adjusted Cash Flow from Operations
rTSR
Total Shareholder Return Amount | $ 206 | 306 | 328 | 205
Peer Group Total Shareholder Return Amount | 128 | 112 | 149 | 116
Net Income (Loss) | $ 1,573 | $ 2,474 | $ 199.9 | $ 446.6
Company Selected Measure Amount | 2,779 | 3,403 | 871.0 | 819.0
PEO Name | J. Kent Masters, Jr. | J. Kent Masters, Jr. | J. Kent Masters, Jr. | Luther C. Kissam, IV
Additional 402(v) Disclosure | These columns represent cumulative Company TSR and peer group TSR. TSR is calculated by dividing the sum of the cumulative amount of dividends for each measurement period (2020, 2020-2021, 2020-2022, and 2020-2023), assuming dividend reinvestment, and the difference between the Company’s or the peer group’s, as applicable, share price at the end and the beginning of the measurement period by the Company’s or the peer group’s, as applicable, share price at the beginning of the measurement period. For this purpose, our peer group is S&P 1500 Specialty Chemical Index. |  |  |
Measure:: 1 |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Non-GAAP Measure Description | "Adjusted EBITDA" is defined as total Albemarle earnings before interest, tax, depreciation and amortization, as adjusted for non-recurring, non-operating, and special items. |  |  |
Equity Awards Granted During the Year, Unvested [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation Amount, Equity Awards | $ 485,820 |  |  |
Masters Jr. [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
PEO Total Compensation Amount | 14,472,115 | $ 11,118,156 | $ 9,040,753 | $ 4,939,369
PEO Actually Paid Compensation Amount | (4,776,615) | $ 13,714,085 | $ 20,335,113 | 9,726,632
Masters Jr. [Member] | Equity Awards Granted During the Year, Unvested [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation Amount, Equity Awards | $ 3,701,055 |  |  |
Luther C. Kissam, IV [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
PEO Total Compensation Amount |  |  |  | 3,828,474
PEO Actually Paid Compensation Amount |  |  |  | $ 5,585,398
PEO | Measure:: 1 |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Name | Adjusted EBITDA |  |  |
PEO | Measure:: 2 |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Name | Adjusted ROIC |  |  |
PEO | Measure:: 3 |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Name | Adjusted Cash Flow from Operations |  |  |
PEO | Masters Jr. [Member] | Equity Awards Granted in Prior Years, Unvested [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation Amount, Equity Awards | $ (5,050,689) |  |  |
PEO | Masters Jr. [Member] | Equity Awards Granted During the Year, Vested [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation Amount, Equity Awards | 0 |  |  |
PEO | Masters Jr. [Member] | Equity Awards Granted in Prior Years, Vested [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation Amount, Equity Awards | (4,361,385) |  |  |
PEO | Masters Jr. [Member] | Equity Awards that Failed to Meet Vesting Conditions [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation Amount, Equity Awards | (2,805,134) |  |  |
PEO | Masters Jr. [Member] | Equity Awards, Value of Dividends and Other Earnings Paid Adjustment [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation Amount, Equity Awards | 0 |  |  |
PEO | Masters Jr. [Member] | Equity Award Adjustments [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | (8,516,153) |  |  |
Non-PEO NEO | Equity Awards Granted in Prior Years, Unvested [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation Amount, Equity Awards | (1,656,886) |  |  |
Non-PEO NEO | Equity Awards Granted During the Year, Vested [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation Amount, Equity Awards | 24,881 |  |  |
Non-PEO NEO | Equity Awards Granted in Prior Years, Vested [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation Amount, Equity Awards | 539,242 |  |  |
Non-PEO NEO | Equity Awards that Failed to Meet Vesting Conditions [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation Amount, Equity Awards | 0 |  |  |
Non-PEO NEO | Equity Awards, Value of Dividends and Other Earnings Paid Adjustment [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation Amount, Equity Awards | 0 |  |  |
Non-PEO NEO | Equity Award Adjustments [Member] |  |  |  |
Pay vs Performance Disclosure |  |  |  |
Adjustment to Compensation, Amount | $ (606,943) |  |  |

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