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Pay vs Performance Disclosure
1 Months Ended 11 Months Ended 12 Months Ended
Dec. 31, 2023
Nov. 30, 2023
Dec. 31, 2023
USD ($)
$ / shares
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
$ / shares
Dec. 31, 2020
USD ($)
$ / shares
Pay vs Performance Disclosure            
Pay vs Performance Disclosure, Table    
PAY VERSUS PERFORMANCE(1)
Year
(a)
Summary Compensation Table (“SCT”) Total for First PEO
(b)
SCT Total for Second PEO
(b)
Compensation Actually Paid (“CAP”) to First PEO
(c)(2)
CAP to Second PEO
(c)(2)
Average SCT Total for Non-PEO Named Executive Officers
(d)
Average CAP to Non-PEO Named Executive Officers
(e)(2)
Value of Initial Fixed $100 Investment Net Income ($mm)
(h)
Adjusted Earnings
per
Share (“EPS”)
(i)(5)
Total Share-holder Return
(f)(3)
Peer Group Total Share-holder Return
(g)(4)
20238,827,721 6,551,512 11,369,504 7,405,972 1,928,200 2,212,634 124.60149.9376.22.36
20229,046,852 621,952 1,648,896 585,793 98.60130.45703.42.69
20219,382,531 17,199,415 1,805,998 2,658,967 159.61151.70230.62.68
20207,009,374 8,892,140 1,685,044 1,864,956 112.93119.86133.41.43
     
Company Selected Measure Name     Adjusted EPS      
Named Executive Officers, Footnote     Robert M. Patterson was our principal executive officer (“First PEO”) for the full year for each of 2022, 2021 and 2020. For 2023, Mr. Patterson was our First PEO from January 1 - December 1. Dr. Ashish Khandpur was our principal executive officer ("Second PEO") from December 1, 2023 - December 31, 2023. For 2023, 2022 and 2021, our non-PEO named executive officers were Jamie A. Beggs, Michael A. Garratt, Lisa K. Kunkle, and Joel R. Rathbun. For 2020, our non-PEO named executive officers were Jamie A. Beggs, Michael A. Garratt, M. John Midea, Lisa K. Kunkle, and Bradley C. Richardson.      
Peer Group Issuers, Footnote     For purposes of this pay versus performance disclosure, our peer group is the S&P 400 Chemicals index (the "Peer Group"). For each Covered Year, our peer group cumulative total shareholder return was calculated based on a deemed fixed investment of $100 through the Measurement Period, assuming dividend reinvestment.      
PEO Total Compensation Amount       $ 9,046,852 $ 9,382,531 $ 7,009,374
PEO Actually Paid Compensation Amount       621,952 17,199,415 8,892,140
Adjustment To PEO Compensation, Footnote     For 2023, in determining both the CAP to our PEOs and the average CAP to our non-PEO named executive officers for purposes of this PVP Table, we deducted from or added back to the total amounts of compensation reported in columns (b) or (d), as applicable the following amounts:
Item and Value Added (Deducted)2023 ($)
For Robert M. Patterson, as First PEO - Summary Compensation Table Total8,827,721
- SCT "Stock Awards" column value (2,006,978)
- SCT "Option Awards" column value(2,006,666)
+ year-end fair value of outstanding equity awards granted in Covered Year3,914,091
+/- change in fair value (from prior year-end to Covered Year-end) of outstanding equity awards granted in prior years1,899,356
+/- change in fair value (from prior year-end to vesting date) of prior-year equity awards vested in Covered Year741,980
Total additions/deductions2,541,783
Total First PEO CAP11,369,504
For Ashish K. Khandpur, as Second PEO - Summary Compensation Table Total6,551,512
- SCT "Stock Awards" column value(5,006,910)
+ year-end fair value of outstanding equity awards granted in Covered Year5,861,370 
Total additions/deductions854,460 
Total Second PEO CAP7,405,972
For Non-PEO Named Executive Officers - Summary Compensation Table Total (Average)1,928,200
- SCT "Stock Awards" column value(343,033)
- SCT "Option Awards" column value(315,395)
+ year-end fair value of outstanding equity awards granted in Covered Year553,378
+/- change in fair value (from prior year-end to Covered Year-end) of outstanding equity awards granted in prior years179,872
+/- change in fair value (from prior year-end to vesting date) of prior-year equity awards vested in Covered Year123,015
+ excess fair value of awards modified during Covered Year over fair value of original award (as of modification date)91,031
Total additions/deductions197,837
Total Average Non-PEO CAP2,212,634
     
Non-PEO NEO Average Total Compensation Amount     $ 1,928,200 1,648,896 1,805,998 1,685,044
Non-PEO NEO Average Compensation Actually Paid Amount     $ 2,212,634 585,793 2,658,967 1,864,956
Adjustment to Non-PEO NEO Compensation Footnote     For 2023, in determining both the CAP to our PEOs and the average CAP to our non-PEO named executive officers for purposes of this PVP Table, we deducted from or added back to the total amounts of compensation reported in columns (b) or (d), as applicable the following amounts:
Item and Value Added (Deducted)2023 ($)
For Robert M. Patterson, as First PEO - Summary Compensation Table Total8,827,721
- SCT "Stock Awards" column value (2,006,978)
- SCT "Option Awards" column value(2,006,666)
+ year-end fair value of outstanding equity awards granted in Covered Year3,914,091
+/- change in fair value (from prior year-end to Covered Year-end) of outstanding equity awards granted in prior years1,899,356
+/- change in fair value (from prior year-end to vesting date) of prior-year equity awards vested in Covered Year741,980
Total additions/deductions2,541,783
Total First PEO CAP11,369,504
For Ashish K. Khandpur, as Second PEO - Summary Compensation Table Total6,551,512
- SCT "Stock Awards" column value(5,006,910)
+ year-end fair value of outstanding equity awards granted in Covered Year5,861,370 
Total additions/deductions854,460 
Total Second PEO CAP7,405,972
For Non-PEO Named Executive Officers - Summary Compensation Table Total (Average)1,928,200
- SCT "Stock Awards" column value(343,033)
- SCT "Option Awards" column value(315,395)
+ year-end fair value of outstanding equity awards granted in Covered Year553,378
+/- change in fair value (from prior year-end to Covered Year-end) of outstanding equity awards granted in prior years179,872
+/- change in fair value (from prior year-end to vesting date) of prior-year equity awards vested in Covered Year123,015
+ excess fair value of awards modified during Covered Year over fair value of original award (as of modification date)91,031
Total additions/deductions197,837
Total Average Non-PEO CAP2,212,634
     
Compensation Actually Paid vs. Total Shareholder Return    
Total Shareholder Return versus Compensation Actually Paid
TSR_4.7B (002).jpg
First PEOSecond PEOAverage Non-PEO Named Executive OfficerCompany TSRPeer Group TSR
Total Shareholder Return versus Compensation Actually Paid. Named executive officer compensation moved generally in tandem with both improving and declining TSR results over the Covered Years.
     
Compensation Actually Paid vs. Net Income    
Net Income versus Compensation Actually Paid
NET_4.7B.jpg
First PEOSecond PEOAverage Non-PEO Named Executive OfficerNet Income
Net Income versus Compensation Actually Paid. Net income includes the income from discontinued operations, and for 2022 includes a one time $550 million gain on the sale of our Distribution business. Therefore, in 2022, net income is not heavily correlated with named executive officer compensation because this gain is not reflective of the underlying performance of the Company.
     
Compensation Actually Paid vs. Company Selected Measure    
Adjusted EPS versus Compensation Actually Paid
EPS_4.7B (003).jpg
First PEOSecond PEOAverage Non-PEO Named Executive OfficerAdjusted EPS
Adjusted EPS versus Compensation Actually Paid. Named executive officer compensation has either tracked or, in the case of 2022, significantly lagged our performance as compared to adjusted EPS over the Covered Years.
     
Total Shareholder Return Vs Peer Group    
Total Shareholder Return versus Compensation Actually Paid
TSR_4.7B (002).jpg
First PEOSecond PEOAverage Non-PEO Named Executive OfficerCompany TSRPeer Group TSR
Total Shareholder Return versus Compensation Actually Paid. Named executive officer compensation moved generally in tandem with both improving and declining TSR results over the Covered Years.
     
Tabular List, Table    
Tabular List
Financial Performance MeasuresAdjusted Earnings per Share
Company Stock Price
Adjusted Operating Income
Working Capital as a Percentage of Sales
Non-Financial Performance MeasuresSustainability Metrics
     
Total Shareholder Return Amount     $ 124.6 98.6 159.61 112.93
Peer Group Total Shareholder Return Amount     149.93 130.45 151.7 119.86
Net Income (Loss)     $ 76,200,000 $ 703,400,000 $ 230,600,000 $ 133,400,000
Company Selected Measure Amount | $ / shares     2.36 2.69 2.68 1.43
PEO Name Dr. Ashish Khandpur Robert M. Patterson   Robert M. Patterson Robert M. Patterson Robert M. Patterson
Additional 402(v) Disclosure     For each Covered Year, our total shareholder return was calculated as the yearly percentage change in our cumulative total shareholder return on our common stock, par value $0.01 per share, measured as the quotient of (a) the sum of (i) the cumulative amount of dividends for a period beginning with our closing price on the New York Stock Exchange (“NYSE”) on December 31, 2019 through and including the last day of the Covered Year (each one-year, two-year, three-year, and four-year period, a “Measurement Period”), assuming dividend reinvestment, plus (ii) the difference between our closing stock price at the end versus the beginning of the Measurement Period, divided by (b) our closing share price at the beginning of the Measurement Period. Each of these yearly percentage changes was then applied to a deemed fixed investment of $100 at the beginning of the Measurement Period to produce the Covered Year-end values of such investment as of the end of 2023, 2022, 2021 and 2020, as applicable. Because Covered Years are presented in the table in reverse chronical order (from top to bottom), the table should be read from bottom to top for purposes of understanding cumulative returns over time.      
Measure:: 1            
Pay vs Performance Disclosure            
Name     Adjusted Earnings per Share      
Non-GAAP Measure Description     Adjusted EPS is calculated as net income, adjusted for special items (as noted in Appendix A), divided by weighted-average diluted shares.      
Measure:: 2            
Pay vs Performance Disclosure            
Name     Company Stock Price      
Measure:: 3            
Pay vs Performance Disclosure            
Name     Adjusted Operating Income      
Measure:: 4            
Pay vs Performance Disclosure            
Name     Working Capital as a Percentage of Sales      
Measure:: 5            
Pay vs Performance Disclosure            
Name     Sustainability Metrics      
Robert M Patterson [Member]            
Pay vs Performance Disclosure            
PEO Total Compensation Amount     $ 8,827,721      
PEO Actually Paid Compensation Amount     11,369,504      
Dr Ashish Khandpur [Member]            
Pay vs Performance Disclosure            
PEO Total Compensation Amount     6,551,512      
PEO Actually Paid Compensation Amount     7,405,972      
PEO | Robert M Patterson [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     2,541,783      
PEO | Robert M Patterson [Member] | SCT "Stock Awards" Column Value [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     2,006,978      
PEO | Robert M Patterson [Member] | SCT "Option Awards" Column Value [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     2,006,666      
PEO | Robert M Patterson [Member] | Year-End Fair Value Of Outstanding Equity Awards Granted In Covered Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     3,914,091      
PEO | Robert M Patterson [Member] | Change In Fair Value Of Outstanding Equity Awards Granted In Prior Years [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     1,899,356      
PEO | Robert M Patterson [Member] | Change In Fair Value Of Prior-Year Equity Awards Vested In Covered Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     741,980      
PEO | Dr Ashish Khandpur [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     854,460      
PEO | Dr Ashish Khandpur [Member] | SCT "Stock Awards" Column Value [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     (5,006,910)      
PEO | Dr Ashish Khandpur [Member] | Year-End Fair Value Of Outstanding Equity Awards Granted In Covered Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     5,861,370      
Non-PEO NEO            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     197,837      
Non-PEO NEO | SCT "Stock Awards" Column Value [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     343,033      
Non-PEO NEO | SCT "Option Awards" Column Value [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     315,395      
Non-PEO NEO | Year-End Fair Value Of Outstanding Equity Awards Granted In Covered Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     553,378      
Non-PEO NEO | Change In Fair Value Of Outstanding Equity Awards Granted In Prior Years [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     179,872      
Non-PEO NEO | Change In Fair Value Of Prior-Year Equity Awards Vested In Covered Year [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     123,015      
Non-PEO NEO | Excess Fair Value Of Awards Modified During Covered Year Over Fair Value Of Original Award [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount     $ 91,031