XML 21 R3.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Net income (loss) $ 179 $ (124) $ 1,155
Net (loss) income, tax 40 72 (159)
Net income (loss) 219 (52) 996
Hedging activities:      
Unrealized (loss) gain on net investment hedge, pre-tax (88) 20 32
Unrealized (loss) gain on net investment hedge, tax 22 (5) (8)
Unrealized (loss) gain on net investment hedge, after tax (66) 15 24
Unrealized (loss) gain on cash flow hedge, pre-tax (8) 6 10
Unrealized gain on cash flow hedge, tax 1 (1) (1)
Unrealized gain on cash flow hedge, after-tax (7) 5 9
Reclassifications to net income - cash flow hedge, pre-tax (3) (10) (4)
Reclassifications to net income - cash flow hedge, tax 0 1 1
Reclassifications to net income - cash flow hedge, after-tax (3) (9) (3)
Hedging activities, net, pre-tax (99) 16 38
Hedging activities, net, tax 23 (5) (8)
Hedging activities, net, after-tax (76) 11 30
Cumulative translation adjustment, pre-tax 111 2 (75)
Cumulative translation adjustment, tax 0 0 0
Cumulative translation adjustment, after-tax 111 2 (75)
Defined benefit plans:      
Net gain (loss), pre-tax 4 (144) (115)
Net gain (loss), tax (1) 31 29
Net gain (loss), after-tax 3 (113) (86)
Prior service (cost) benefit, pre-tax (1) 5 0
Prior service (cost) benefit, tax 0 (1) 0
Prior service (cost) benefit, after-tax (1) 4 0
Curtailment gain, pre-tax 4 0 0
Curtailment gain, tax (1) 0 0
Curtailment gain, after-tax 3 0 0
Effect of foreign exchange rates, pre-tax (9) 7 8
Effect of foreign exchange rates, tax 0 0 0
Effect of foreign exchange rates, after-tax (9) 7 8
Amortization of actuarial loss, pre-tax 9 18 16
Amortization of actuarial loss, tax (2) (4) (4)
Amortization of actuarial loss, after-tax 7 14 12
Amortization of prior service gain, pre- tax (3) (2) (2)
Amortization of prior service gain, tax 0 0 0
Amortization of prior service gain, after-tax (3) (2) (2)
Settlement loss, pre-tax 5 383 0
Settlement loss, tax (1) (91) 0
Settlement loss, after-tax 4 292 0
Defined benefit plans, net, pre-tax 9 267 (93)
Defined benefit plans, net, tax (5) (65) 25
Defined benefit plans, net, after-tax 4 202 (68)
Other comprehensive income (loss), after-tax 39 215 (113)
Comprehensive income, after-tax 258 163 874
Less: Comprehensive income attributable to non-controlling interests, after-tax 0 0 1
Comprehensive income attributable to Chemours, after-tax 258 163 873
Accounting Standards Update 2018-02 [Member]      
Defined benefit plans:      
Cumulative effect of adopting ASU No. 2018-02, after-tax $ 0 $ 0 $ (9)