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Net Sales (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract With Customer [Abstract]

Summary of Disaggregation of Net Sales by Geographical Region and Segment and Product Group

The following table sets forth a disaggregation of the Company’s net sales by geographic region and segment for the three months ended March 31, 2024 and 2023.

		Three Months Ended March 31,
		2024				2023
Net sales by geographic region (1)
North America:
Titanium Technologies		$	246			$	262
Thermal & Specialized Solutions			266				284
Advanced Performance Materials			121				152
Other Segment			9				22
Total North America			642				720
Asia Pacific:
Titanium Technologies			144				147
Thermal & Specialized Solutions			39				53
Advanced Performance Materials			105				146
Other Segment			3				2
Total Asia Pacific			291				348
Europe, the Middle East, and Africa:
Titanium Technologies			124				133
Thermal & Specialized Solutions			92				100
Advanced Performance Materials			62				76
Other Segment			2				5
Total Europe, the Middle East, and Africa			280				314
Latin America (2):
Titanium Technologies			74				90
Thermal & Specialized Solutions			52				49
Advanced Performance Materials			11				14
Other Segment			—				1
Total Latin America			137				154
Total net sales		$	1,350			$	1,536

(1)Net sales are attributed to countries based on customer location.

(2)Latin America includes Mexico.

The following table sets forth a disaggregation of the Company’s net sales by product group and segment for the three months ended March 31, 2024 and 2023.

		Three Months Ended March 31,
		2024				2023
Net sales by product group and segment
Titanium dioxide and other minerals		$	588			$	632
Total Titanium Technologies			588				632
Refrigerants			373				385
Foam, propellants, and other			76				101
Total Thermal & Specialized Solutions			449				486
Advanced materials			186				244
Performance solutions			113				144
Total Advanced Performance Materials			299				388
Performance chemicals and intermediates			14				30
Total Other Segment			14				30
Total net sales		$	1,350			$	1,536

Summary of Contract Balances from Contracts with Customers

The following table sets forth the Company’s contract balances from contracts with customers at March 31, 2024 and December 31, 2023.

		March 31, 2024				December 31, 2023
Contract assets:
Accounts receivable - trade, net (Note 7)		$	692			$	509
Contract liabilities:
Deferred revenue		$	14			$	16
Customer rebates (Note 13)			35				78

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

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X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

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