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Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Earnings Per Share

Basic and diluted (loss) earnings per share are calculated as follows (in thousands, except per share amounts):

			Year Ended December 31,
			2024						2023						2022
Basic (loss) earnings per share
Numerator:
Net (loss) income attributable to Albemarle Corporation			$	(1,179,449)					$	1,573,476					$	2,689,816
Mandatory convertible preferred stock dividends			(136,647)						—						—
Net (loss) income attributable to Albemarle Corporation common shareholders			$	(1,316,096)					$	1,573,476					$	2,689,816
Denominator:
Weighted-average common shares for basic (loss) earnings per share			117,516						117,317						117,120
Basic (loss) earnings per share			$	(11.20)					$	13.41					$	22.97
Diluted (loss) earnings per share
Numerator:
Net (loss) income attributable to Albemarle Corporation			$	(1,179,449)					$	1,573,476					$	2,689,816
Mandatory convertible preferred stock dividends			(136,647)						—						—
Net (loss) income attributable to Albemarle Corporation common shareholders			$	(1,316,096)					$	1,573,476					$	2,689,816
Denominator:
Weighted-average common shares for basic (loss) earnings per share			117,516						117,317						117,120
Incremental shares under stock compensation plans			—						449						673
Weighted-average common shares for diluted (loss) earnings per share			117,516						117,766						117,793
Diluted (loss) earnings per share			$	(11.20)					$	13.36					$	22.84

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table summarizes the number of shares, calculated on a weighted average basis, not included in the computation of diluted (loss) earnings per share because their effect would have been anti-dilutive (in thousands):

			Year Ended December 31,
			2024						2023						2022
Shares assuming the conversion of the mandatory convertible preferred stock			16,932						—						—
Shares under the stock compensation plan			1,064						158						—

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
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