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Investments in Affiliates

12 Months Ended

Dec. 31, 2019

Equity Method Investments And Joint Ventures [Abstract]

Investments in Affiliates

Note 16. Investments in Affiliates

The Company holds investments in companies where it, directly or indirectly, owns 20% to 50% of the voting stock, or has the ability to exercise significant influence over the operating and financial policies of the investee.

The following table sets forth the carrying value, jurisdiction, and ownership percentages of the Company’s investments in affiliates at December 31, 2019 and 2018.

				December 31, 2019								December 31, 2018
Investee		Jurisdiction		Carrying Value				Ownership				Carrying Value				Ownership
Chemours-Mitsui Fluorochemicals Company, Ltd.		Japan		$	96			50.0%				$	94			50.0%
The Chemours Chenguang Fluoromaterials Company Limited		China			33			50.0%					36			50.0%
Changshu 3F Zhonghao New Chemical Materials Co., Ltd.		China			33			10.0%					30			10.0%
				$	162							$	160

The following table sets forth the changes in the Company’s investments in affiliates for the years ended December 31, 2019, 2018, and 2017.

		Year Ended December 31,
		2019				2018				2017
Balance at January 1,		$	160			$	173			$	136
Equity in earnings of affiliates			29				43				33
Dividends			(28	)			(58	)			—
Currency translation and other			1				2				4
Balance at December 31,		$	162			$	160			$	173

The Company engages in transactions with its equity method investees in the ordinary course of business. For the years ended December 31, 2019, 2018, and 2017, net sales to the Company’s equity method investees amounted to $135, $143, and $99, respectively, and purchases from the Company’s equity method investees amounted to $249, $125, and $87, respectively.

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- References

No definition available.

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- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SX 210.3A-04)
-URI http://asc.fasb.org/extlink&oid=116822174&loc=d3e355119-122828

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-URI http://asc.fasb.org/topic&trid=2196965

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