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Restructuring, Asset-Related, and Other Charges (Tables)
 12 Months Ended
Dec. 31, 2020
Restructuring And Related Activities [Abstract]  
Schedule of Restructuring Program

 

The following table sets forth the components of the Company’s restructuring, asset-related, and other charges for the years ended December 31, 2020, 2019, and 2018.

 

 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

 

2018

 

Restructuring and other charges:

 

 

 

 

 

 

 

 

 

 

 

 

Employee separation charges

 

$

17

 

 

$

21

 

 

$

14

 

Decommissioning and other charges

 

 

41

 

 

 

23

 

 

 

31

 

Total restructuring and other charges

 

 

58

 

 

 

44

 

 

 

45

 

Asset-related charges (1)

 

 

22

 

 

 

43

 

 

 

4

 

Total restructuring, asset-related, and other charges

 

$

80

 

 

$

87

 

 

$

49

 

 

(1)

Asset-related charges for the years ended December 31, 2020 and 2019 are discussed in further detail below. Asset-related charges for the year ended December 31, 2018 included $4 for a pre-tax goodwill impairment charge in the Company’s Chemical Solutions segment.

The following table sets forth the impacts of the Company’s restructuring programs to segment earnings for the years ended December 31, 2020, 2019, and 2018.

 

 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

 

2018

 

Restructuring charges:

 

 

 

 

 

 

 

 

 

 

 

 

Plant and product line closures:

 

 

 

 

 

 

 

 

 

 

 

 

Chemical Solutions

 

$

4

 

 

$

2

 

 

$

4

 

Corporate and Other

 

 

1

 

 

 

18

 

 

 

9

 

Total plant and product line closures

 

 

5

 

 

 

20

 

 

 

13

 

2017 Restructuring Program:

 

 

 

 

 

 

 

 

 

 

 

 

Titanium Technologies

 

 

—

 

 

 

1

 

 

 

1

 

Thermal & Specialized Solutions

 

 

—

 

 

 

1

 

 

 

4

 

Advanced Performance Materials

 

 

—

 

 

 

1

 

 

 

5

 

Chemical Solutions

 

 

—

 

 

 

—

 

 

 

2

 

Corporate and Other

 

 

(1

)

 

 

—

 

 

 

15

 

Total 2017 Restructuring Program

 

 

(1

)

 

 

3

 

 

 

27

 

2018 Restructuring Program:

 

 

 

 

 

 

 

 

 

 

 

 

Corporate and Other

 

 

—

 

 

 

(1

)

 

 

5

 

Total 2018 Restructuring Program

 

 

—

 

 

 

(1

)

 

 

5

 

2019 Restructuring Program:

 

 

 

 

 

 

 

 

 

 

 

 

Titanium Technologies

 

 

—

 

 

 

5

 

 

 

—

 

Thermal & Specialized Solutions

 

 

1

 

 

 

3

 

 

 

—

 

Advanced Performance Materials

 

 

2

 

 

 

4

 

 

 

—

 

Chemical Solutions

 

 

—

 

 

 

1

 

 

 

—

 

Corporate and Other

 

 

—

 

 

 

9

 

 

 

—

 

Total 2019 Restructuring Program

 

 

3

 

 

 

22

 

 

 

—

 

2020 Restructuring Program:

 

 

 

 

 

 

 

 

 

 

 

 

Titanium Technologies

 

 

3

 

 

 

—

 

 

 

—

 

Thermal & Specialized Solutions

 

 

1

 

 

 

—

 

 

 

—

 

Advanced Performance Materials

 

 

3

 

 

 

—

 

 

 

—

 

Chemical Solutions

 

 

1

 

 

 

—

 

 

 

—

 

Corporate and Other

 

 

5

 

 

 

—

 

 

 

—

 

Total 2020 Restructuring Program

 

 

13

 

 

 

—

 

 

 

—

 

Total restructuring charges

 

 

20

 

 

 

44

 

 

 

45

 

Asset-related charges:

 

 

 

 

 

 

 

 

 

 

 

 

Titanium Technologies

 

 

—

 

 

 

9

 

 

 

—

 

Advanced Performance Materials

 

 

10

 

 

 

—

 

 

 

—

 

Chemical Solutions

 

 

8

 

 

 

34

 

 

 

4

 

Corporate and Other

 

 

4

 

 

 

—

 

 

 

—

 

Total asset-related charges

 

 

22

 

 

 

43

 

 

 

4

 

Other charges:

 

 

 

 

 

 

 

 

 

 

 

 

Titanium Technologies

 

 

1

 

 

 

—

 

 

 

—

 

Chemical Solutions

 

 

37

 

 

 

—

 

 

 

—

 

Total other charges

 

 

38

 

 

 

—

 

 

 

—

 

Total restructuring, asset-related, and other charges

 

$

80

 

 

$

87

 

 

$

49

 
Schedule of Restructuring Charges

The following table sets forth the change in the Company’s employee separation-related liabilities associated with its restructuring programs for the years ended December 31, 2020 and 2019.

 

 

 

Chemical Solutions

Site Closures

 

 

2015 Global

Restructuring

Program

 

 

2017

Restructuring

Program

 

 

2018

Restructuring

Program

 

 

2019

Restructuring

Program

 

 

2020

Restructuring

Program

 

 

Total

 

Balance at January 1, 2019

 

$

—

 

 

$

1

 

 

$

10

 

 

$

5

 

 

$

—

 

 

$

—

 

 

$

16

 

(Credits) charges to income

 

 

—

 

 

 

(1

)

 

 

—

 

 

 

(1

)

 

 

22

 

 

 

—

 

 

 

20

 

Payments

 

 

—

 

 

 

—

 

 

 

(9

)

 

 

(4

)

 

 

(8

)

 

 

—

 

 

 

(21

)

Balance at December 31, 2019

 

 

—

 

 

 

—

 

 

 

1

 

 

 

—

 

 

 

14

 

 

 

—

 

 

 

15

 

Charges (credits) to income

 

 

2

 

 

 

—

 

 

 

(1

)

 

 

—

 

 

 

3

 

 

 

13

 

 

 

17

 

Payments

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(15

)

 

 

(10

)

 

 

(25

)

Balance at December 31, 2020

 

$

2

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

2

 

 

$

3

 

 

$

7