XML 44 R29.htm IDEA: XBRL DOCUMENT v3.25.3
ASSETS IMPAIRMENTS AND RESTRUCTURING (Tables)
 9 Months Ended
Sep. 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 nine months 2025 and full year 2024:

(Dollars in millions)Balance at January 1, 2025Provision/ AdjustmentsNon-cash Reductions/
Additions		Cash ReductionsBalance at September 30, 2025
Severance charges$23 $25 $— $(26)$22 
Restructuring and other charges3 17 — (16)4 
Total$26 $42 $— $(42)$26 

(Dollars in millions)		Balance at January 1, 2024Provision/ AdjustmentsNon-cash Reductions/
Additions		Cash ReductionsBalance at December 31, 2024
Non-cash charges$— $5 $(5)$— $— 
Severance charges26 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)Third QuarterFirst Nine Months
2025202420252024
Asset impairments (1)
$— $5 $— $5 
Severance charges (1)(2)(3)(4)
14 10 25 21 
Restructuring and other charges (1)(2)(4)
6 15 17 15 
Total$20 $30 $42 $41 

(1)Third quarter and first nine months 2024 included asset impairment charges of $5 million, severance charges of $4 million, and site closure costs of $9 million related to the planned closure of a solvent-based resins production line at an advanced interlayers facility in North America in the Advanced Materials ("AM") segment. In addition, inventory adjustments of $4 million and $3 million in the AM segment and the Additives & Functional Products ("AFP") segment, respectively, were recognized in "Cost of sales" in the Unaudited Consolidated Statements of Earnings, Comprehensive Income and Retained Earnings in third quarter and first nine months 2024 related to this closure.
(2)Third quarter and first nine months 2025 included severance charges of $4 million, and restructuring charges of $6 million related to the decommissioning of certain assets at performance films facilities in North America in the AM segment. In addition, inventory adjustments of $2 million in the AM segment were recognized in "Cost of sales" in the Unaudited Consolidated Statement of Earnings, Comprehensive Income, and Retained Earnings in third quarter and first nine months 2025 related to this decommissioning.
(3)Third quarter and first nine months 2025 included severance charges of $10 million and $20 million, respectively, related to corporate cost reduction initiatives reported in "Other". Additionally, third quarter and first nine months 2024 included severance charges of $6 million and $17 million, respectively, related to corporate cost reduction initiatives which are reported in "Other".
(4)First nine months 2025 included 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 AFP segment.
(5)First nine months 2025 included charges of $8 million and third quarter and first nine months 2024 included charges of $6 million related to profitability improvement initiatives which are reported in "Other".