Geographic and Segment Information (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Net Sales and Property, Plant and Equipment, Net by Geographical Area

The following table sets forth the geographic locations of the Company’s net sales and property, plant, and equipment, net as of, and for the years ended December 31, 2019, 2018, and 2017.

	Year Ended December 31,
	2019				2018				2017
	Net Sales (1)		Property, Plant, and Equipment, Net		Net Sales (1)		Property, Plant, and Equipment, Net		Net Sales (1)		Property, Plant, and Equipment, Net
North America	$	2,144	$	2,533	$	2,378	$	2,279	$	2,255	$	2,018
Asia Pacific		1,543		121		1,720		124		1,593		131
Europe, the Middle East, and Africa		1,163		294		1,685		293		1,506		302
Latin America (2)		676		611		855		595		829		557
Total	$	5,526	$	3,559	$	6,638	$	3,291	$	6,183	$	3,008

(1)

Net sales are attributed to countries based on customer location.

(2)

Latin America includes Mexico.

Schedule of Segment Information

The following table sets forth certain summary financial information for the Company’s reportable segments as of, and for the years ended December 31, 2019, 2018, and 2017.

Year Ended December 31,	Fluoroproducts		Chemical Solutions		Titanium Technologies		Segment Total
2019
Net sales to external customers	$	2,648	$	533	$	2,345	$	5,526
Adjusted EBITDA		578		80		505		1,163
Depreciation and amortization		136		22		121		279
Equity in earnings of affiliates		29		—		—		29
Total assets		2,582		574		2,291		5,447
Net assets		2,283		495		1,296		4,074
Investments in affiliates		162		—		—		162
Purchases of property, plant, and equipment		201		40		121		362

2018
Net sales to external customers	$	2,862	$	602	$	3,174	$	6,638
Adjusted EBITDA		783		64		1,055		1,902
Depreciation and amortization		117		20		119		256
Equity in earnings of affiliates		43		—		—		43
Total assets		2,744		623		2,354		5,721
Net assets		2,309		506		1,487		4,302
Investments in affiliates		160		—		—		160
Purchases of property, plant, and equipment		274		75		91		440

2017
Net sales to external customers	$	2,654	$	571	$	2,958	$	6,183
Adjusted EBITDA		669		57		862		1,588
Depreciation and amortization		109		18		118		245
Equity in earnings of affiliates		33		—		—		33
Total assets		2,311		581		2,502		5,394
Net assets		1,842		460		1,785		4,087
Investments in affiliates		173		—		—		173
Purchases of property, plant, and equipment		249		65		65		379

Reconciliation of Segment Adjusted EBITDA to Consolidated Results

The following table sets forth a reconciliation for instances in which the above summary financial information for the Company’s reportable segments does not sum to consolidated amounts. A reconciliation of Segment Adjusted EBITDA to consolidated results can be found in the table immediately thereafter.

Year Ended December 31,	Segment Total		Corporate and Other			Total Consolidated
2019
Depreciation and amortization		279		32			311
Total assets		5,447		1,811			7,258
Net assets		4,074		(3,379	)		695
Purchases of property, plant, and equipment		362		119			481

2018
Depreciation and amortization		256		28			284
Total assets		5,721		1,641			7,362
Net assets		4,302		(3,282	)		1,020
Purchases of property, plant, and equipment		440		58			498

2017
Depreciation and amortization		245		28			273
Total assets		5,394		1,899			7,293
Net assets		4,087		(3,222	)		865
Purchases of property, plant, and equipment		379		32			411

Reconciliation of Segment Adjusted EBITDA from Segments to Consolidated Net Income (Loss) Before Income Taxes

The following table sets forth a reconciliation of Segment Adjusted EBITDA to the Company’s consolidated net income (loss) before income taxes for the years ended December 31, 2019, 2018, and 2017.

	Year Ended December 31,
	2019			2018			2017
Segment Adjusted EBITDA	$	1,163		$	1,902		$	1,588
Corporate and Other Adjusted EBITDA		(143	)		(162	)	$	(166	)
Interest expense, net		(208	)		(195	)		(214	)
Depreciation and amortization		(311	)		(284	)		(273	)
Non-operating pension and other post-retirement employee benefit (cost) income (1)		(368	)		27			34
Exchange (losses) gains, net		(2	)		1			3
Restructuring, asset-related, and other charges (2)		(87	)		(49	)		(57	)
Loss on extinguishment of debt		—			(38	)		(1	)
Gain on sales of assets and businesses (3)		10			45			22
Transaction costs (4)		(3	)		(9	)		(3	)
Legal and environmental charges (5)		(175	)		(82	)		(9	)
Other charges		—			(1	)		(12	)
(Loss) income before income taxes	$	(124	)	$	1,155		$	912

(1)

The year ended December 31, 2019 includes a $380 settlement loss related to a significant portion of the Company’s Netherlands pension plan, specific to the vested pension benefits of the inactive participants. See “Note 27 – Long-term Employee Benefits” for further details.

(2)

Includes restructuring, asset-related, and other charges, which are discussed in further detail in “Note 7 – Restructuring, Asset-related, and Other Charges.”

(3)

The year ended December 31, 2019, included a non-cash gain of $9 associated with the sale of the Company’s Repauno, New Jersey site. The year ended December 31, 2018, included gains of $3 and $42 associated with the sales of the Company’s East Chicago, Indiana and Linden, New Jersey sites, respectively. The year ended December 31, 2017 included gains of $13 and $12 associated with the sale of the Company’s land in Repauno, New Jersey that was previously deferred and realized upon meeting certain milestones, and for the sale of its Edge Moor, Delaware plant site, respectively, net of certain losses on other disposals.

(4)

Includes costs associated with the Company’s debt transactions, as well as accounting, legal, and bankers’ transaction costs incurred in connection with the Company’s strategic initiatives.

(5)

Legal charges pertains to litigation settlements, PFOA drinking water treatment accruals, and other legal charges. Environmental charges pertains to estimated liabilities associated with on-site remediation, off-site groundwater remediation, and toxicity studies related to Fayetteville. The year ended December 31, 2019 included $168 in additional charges for the approved final Consent Order associated with certain matters at Fayetteville. The year ended December 31, 2018 included $63 in additional charges for the estimated liability associated with Fayetteville. See “Note 22 – Commitments and Contingent Liabilities” for further details.

Schedule of Net Sales to External Customers by Product Group

The following table sets forth the Company’s net sales to external customers by product group for the years ended December 31, 2019, 2018, and 2017.

	Year Ended December 31,
	2019		2018		2017
Fluorochemicals	$	1,318	$	1,497	$	1,378
Fluoropolymers		1,330		1,365		1,276
Mining solutions		268		289		261
Performance chemicals and intermediates		265		313		306
Titanium dioxide and other minerals		2,345		3,174		2,958
Divested businesses (1)		—		—		4
Total net sales	$	5,526	$	6,638	$	6,183

(1)

Inclusive of the Company’s C&D and Sulfur businesses, as well as its Aniline facility in Beaumont, Texas, which were all sold in 2016.