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ASSETS IMPAIRMENTS AND RESTRUCTURING (Tables)

6 Months Ended

Jun. 30, 2025

Restructuring Costs and Asset Impairment Charges [Abstract]

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

The following table summarizes the changes in asset impairments and restructuring reserves in first six months 2025 and full year 2024:

(Dollars in millions)			Balance at January 1, 2025						Provision/ Adjustments						Non-cash Reductions/ Additions						Cash Reductions						Balance at June 30, 2025
Severance charges			$	23					$	11					$	—					$	(18)					$	16
Restructuring and other charges			3						11						—						(11)						3
Total			$	26					$	22					$	—					$	(29)					$	19

(Dollars in millions)			Balance at January 1, 2024						Provision/ Adjustments						Non-cash Reductions/ Additions						Cash Reductions						Balance at December 31, 2024
Non-cash charges			$	—					$	5					$	(5)					$	—					$	—
Severance charges			26						25						—						(28)						23
Restructuring and other charges			—						21						—						(18)						3
Total			$	26					$	51					$	(5)					$	(46)					$	26

Restructuring and Related Costs [Table Text Block]

(Dollars in millions)			Second Quarter												First Six Months
			2025						2024						2025						2024
Severance charges (1)(2)(3)			$	10					$	—					$	11					11
Restructuring and other charges (2)(4)			3						—						11						—
Total			$	13					$	—					$	22					$	11

(1)Second quarter 2025 and first six months 2025 includes severance charges of $10 million related to corporate cost reduction initiatives reported in "Other".

(2)First six months 2025 includes severance charges of $1 million and restructuring charges of $3 million related to the closure of a heat-transfer fluids production line at a North America specialty fluids and energy facility in the Additives & Functional Products segment.

(3)Severance charges in first six months 2024 related to corporate cost reduction initiatives which are reported in "Other".

(4)Second quarter 2025 and first six months 2025 includes charges of $3 million and $8 million, respectively, related to profitability improvement initiatives which are reported in "Other".

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- References

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- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

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-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 5.P.3)
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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4.b.2)
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-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

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-Name Accounting Standards Codification
-Topic 420
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-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

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