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Financial Information by Segment (Tables)

9 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Financial Information by Reportable Segment

Financial information by reportable segment is as follows:

		Reinforcement Materials				Performance Chemicals				Segment Total				Unallocated and Other(1)				Consolidated Total
		(In millions)
Three Months Ended June 30, 2024
Revenues from external customers(2)		$	649			$	332			$	981			$	35			$	1,016
Income (loss) before income taxes(3)		$	136			$	55			$	191			$	(33	)		$	158
Three Months Ended June 30, 2023
Revenues from external customers(2)		$	624			$	307			$	931			$	37			$	968
Income (loss) before income taxes(3)		$	132			$	32			$	164			$	(34	)		$	130
Nine Months Ended June 30, 2024
Revenues from external customers(2)		$	1,966			$	928			$	2,894			$	99			$	2,993
Income (loss) before income taxes(3)		$	414			$	120			$	534			$	(140	)		$	394
Nine Months Ended June 30, 2023
Revenues from external customers(2)		$	1,939			$	919			$	2,858			$	108			$	2,966
Income (loss) before income taxes(3)		$	348			$	89			$	437			$	(113	)		$	324

(1)Unallocated and Other includes certain items and eliminations necessary to reflect management’s reporting of operating segment results. These items are reflective of the segment reporting presented to the CODM.

(2)Consolidated Total Revenues from external customers reconciles to Net sales and other operating revenues on the Consolidated Statements of Operations. Revenues from external customers that are categorized as Unallocated and Other reflects external shipping and handling fees, royalties, the impact of unearned revenue, discounting charges for certain Notes receivable, and other by-product revenue. Details are provided in the table below:

		Three Months Ended June 30								Nine Months Ended June 30
		2024				2023				2024				2023
		(In millions)
Shipping and handling fees		$	31			$	31			$	93			$	100
Other			4				6				6				8
Total		$	35			$	37			$	99			$	108

(3)Consolidated Total Income (loss) before income taxes reconciles to Income (loss) before income taxes and equity in earnings of affiliated companies on the Consolidated Statements of Operations. Income (loss) before income taxes that are categorized as Unallocated and Other includes:

		Three Months Ended June 30								Nine Months Ended June 30
		2024				2023				2024				2023
		(In millions)
Interest expense		$	(19	)		$	(24	)		$	(62	)		$	(69	)
Certain items(a)
Argentina controlled currency devaluation and other losses (Note B)			(2	)			—				(43	)			—
Global restructuring activities (Note H)			(1	)			—				(13	)			—
Acquisition and integration-related charges			—				(1	)			—				(2	)
Legal and environmental matters and reserves			—				—				(1	)			(2	)
Gain on sale of land			—				—				—				1
Loss on sale of business			—				—				—				(3	)
Other			1				—				1				(1	)
Total certain items			(2	)			(1	)			(56	)			(7	)
Unallocated corporate costs(b)			(16	)			(11	)			(51	)			(42	)
General unallocated income (expense)(c)			6				3				34				9
Less: Equity in earnings of affiliated companies, net    of tax(d)			2				1				5				4
Total		$	(33	)		$	(34	)		$	(140	)		$	(113	)

(a)Certain items are items of expense and income that management does not consider representative of the Company’s fundamental on-going segment results and they are, therefore, excluded from Segment EBIT.

(b)Unallocated corporate costs are costs that are not controlled by the segments and primarily benefit corporate interests.

(c)General unallocated income (expense) consists of gains (losses) arising from foreign currency transactions, net of other foreign currency risk management activities, Interest and dividend income, the profit or loss related to the corporate adjustment for unearned revenue and unrealized holding gains (losses) for investments. This does not include items of income or expense that are separately treated as Certain items.

(d)Equity in earnings of affiliated companies, net of tax, is included in Segment EBIT and is removed in Unallocated and other to reconcile to Income (loss) from operations before income taxes and equity in earnings from affiliated companies.

Revenues from External Customers by Geographic Region

The Company’s segments operate globally. In addition to presenting Revenue from external customers by reportable segment, the following tables further disaggregate Revenues from external customers by geographic region.

		Three Months Ended June 30, 2024
		Reinforcement Materials				Performance Chemicals				Consolidated Total
		(In millions)
Americas		$	265			$	103			$	368
Asia Pacific			245				132				377
Europe, Middle East and Africa			139				97				236
Segment revenues from external customers			649				332				981
Unallocated and other											35
Net sales and other operating revenues										$	1,016

		Three Months Ended June 30, 2023
		Reinforcement Materials				Performance Chemicals				Consolidated Total
		(In millions)
Americas		$	260			$	94			$	354
Asia Pacific			234				119				353
Europe, Middle East and Africa			130				94				224
Segment revenues from external customers			624				307				931
Unallocated and other											37
Net sales and other operating revenues										$	968

		Nine Months Ended June 30, 2024
		Reinforcement Materials				Performance Chemicals				Consolidated Total
		(In millions)
Americas		$	793			$	284			$	1,077
Asia Pacific			760				372				1,132
Europe, Middle East and Africa			413				272				685
Segment revenues from external customers			1,966				928				2,894
Unallocated and other											99
Net sales and other operating revenues										$	2,993

		Nine Months Ended June 30, 2023
		Reinforcement Materials				Performance Chemicals				Consolidated Total
		(In millions)
Americas		$	781			$	283			$	1,064
Asia Pacific			752				368				1,120
Europe, Middle East and Africa			406				268				674
Segment revenues from external customers			1,939				919				2,858
Unallocated and other											108
Net sales and other operating revenues										$	2,966

X

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
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-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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