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SEGMENT AND REGIONAL SALES INFORMATION (Tables)
9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segment Information Disclosure
Third Quarter 2025
Advanced MaterialsAdditives & Functional ProductsChemical IntermediatesFibers
Total Operating Segments
Other
Total Consolidated
Depreciation and amortization expense$52 $36 $24 $16 $128 $$129 
Capital expenditures84 18 23 10 135 137 

Third Quarter 2024
Advanced MaterialsAdditives & Functional ProductsChemical IntermediatesFibersTotal Operating SegmentsOtherTotal Consolidated
Depreciation and amortization expense$47 $37 $25 $16 $125 $$127 
Capital expenditures65 17 23 10 115 120 

First Nine Months 2025
Advanced MaterialsAdditives & Functional ProductsChemical IntermediatesFibersTotal Operating SegmentsOther
Total Consolidated
Depreciation and amortization expense$153 $107 $72 $48 380 $$382 
Capital expenditures273 57 56 30 416 18 434 

First Nine Months 2024
Advanced MaterialsAdditives & Functional ProductsChemical IntermediatesFibersTotal Operating SegmentsOtherTotal Consolidated
Depreciation and amortization expense$145 $109 $74 $47 $375 $$380 
Capital expenditures293 41 43 25 402 18 420 
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
Third Quarter 2025
(Dollars in millions)Advanced MaterialsAdditives & Functional ProductsChemical IntermediatesFibersTotal Operating Segments
Sales$728 $716 $499 $254 $2,197 
Cost of sales587 530 469 167 1,753 
Selling, general and administrative expenses65 43 22 15 145 
Other segment items (1)
23 15 50 
Adjusted EBIT
53 128 67 249 
Reconciliation of segment Adjusted EBIT to consolidated "Earnings before income taxes" ("EBT"):
Other adjusted EBIT (2)
(39)
Non-core items impacting EBIT
Cost of sales impact from restructuring activities (3)
(2)
Asset impairments, restructuring, and other charges, net (3)
(20)
Net interest expense(54)
Consolidated EBT$134 
Third Quarter 2024
(Dollars in millions)Advanced MaterialsAdditives & Functional ProductsChemical IntermediatesFibersTotal Operating Segments
Sales$787 $744 $593 $336 $2,460 
Cost of sales575 545 522 200 1,842 
Selling, general and administrative expenses71 52 28 19 170 
Other segment items (1)
19 17 — 41 
Adjusted EBIT122 130 43 112 407 
Reconciliation of segment Adjusted EBIT to consolidated EBT:
Other adjusted EBIT (2)
(41)
Non-core items impacting EBIT
Cost of sales impact from restructuring activities (3)
(7)
Asset impairments, restructuring, and other charges, net (3)
(30)
Net interest expense(49)
Consolidated EBT$280 
First Nine Months 2025
(Dollars in millions)Advanced MaterialsAdditives & Functional ProductsChemical IntermediatesFibersTotal Operating Segments
Sales$2,224 $2,218 $1,507 $816 $6,765 
Cost of sales1,666 1,614 1,426 517 5,223 
Selling, general and administrative expenses198 137 71 50 456 
Other segment items (1)
70 45 20 13 148 
Adjusted EBIT
290 422 (10)236 938 
Reconciliation of segment Adjusted EBIT to consolidated EBT:
Other adjusted EBIT (2)
(142)
Non-core items impacting EBIT
Cost of sales impact from restructuring activities (3)
(2)
Asset impairments, restructuring, and other charges, net (3)
(42)
Environmental and other costs (4)
(40)
Net interest expense(156)
Consolidated EBT$556 
First Nine Months 2024
(Dollars in millions)Advanced MaterialsAdditives & Functional ProductsChemical IntermediatesFibersTotal Operating Segments
Sales$2,330 $2,166 $1,631 $997 $7,124 
Cost of sales1,694 1,602 1,452 577 5,325 
Selling, general and administrative expenses220 155 86 57 518 
Other segment items (1)
59 47 12 12 130 
Adjusted EBIT357 362 81 351 1,151 
Reconciliation of segment Adjusted EBIT to consolidated EBT:
Other adjusted EBIT (2)
(158)
Non-core items impacting EBIT
Cost of sales impact from restructuring activities (3)
(7)
Asset impairments, restructuring, and other charges, net (3)
(41)
Environmental and other costs (4)
(16)
Net interest expense(148)
Consolidated EBT$781 
(1)Other segment items for each reportable segment includes R&D expenses, other components of post-employment (benefit) cost, net and other (income) charges, net.
(2)Other is not considered an operating segment. Other includes the following which are not allocated to operating segments: 1) sales and costs from growth initiatives and businesses, 2) pension and other postretirement benefit plans income (expense), net, and 3) other income (charges), net.
(3)See Note 11, "Asset Impairments, Restructuring, and Other Charges, Net", for a description of included items.
(4)Environmental and other costs from previously divested or non-operational sites and product lines.
Reconciliation of Assets from Segment to Consolidated
(Dollars in millions)Third QuarterFirst Nine Months
Sales by Segment2025202420252024
Advanced Materials$728 $787 $2,224 $2,330 
Additives & Functional Products716 744 2,218 2,166 
Chemical Intermediates499 593 1,507 1,631 
Fibers254 336 816 997 
Total Sales by Operating Segment2,197 2,460 6,765 7,124 
Other14 13 
Total Sales$2,202 $2,464 $6,779 $7,137 
September 30, 2025December 31, 2024
(Dollars in millions)
Assets by Segment (1)
Advanced Materials$5,776 $5,735 
Additives & Functional Products
4,731 4,608 
Chemical Intermediates
1,652 1,586 
Fibers1,069 1,075 
Total Assets by Operating Segment13,228 13,004 
Corporate Assets1,751 2,209 
Total Assets$14,979 $15,213 
(1)Segment assets include accounts receivable, inventory, fixed assets, goodwill, and intangible assets.