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Investments in Affiliates | 12 Months Ended
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Dec. 31, 2024
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 jurisdiction, carrying value, and ownership percentages of the Company’s investments in affiliates at December 31, 2024 and 2023.
|  |  |  | December 31, 2024 |  | December 31, 2023
Investee |  | Jurisdiction |  | Carrying Value |  |  | Ownership |  | Carrying Value |  |  | Ownership
Chemours-Mitsui Fluorochemicals Company, Ltd. |  | Japan |  | $ | 79 |  |  | 50.0% |  | $ | 82 |  |  | 50.0%
The Chemours Chenguang Fluoromaterials Company Limited |  | China |  |  | 33 |  |  | 50.0% |  |  | 33 |  |  | 50.0%
Changshu 3F Zhonghao New Chemical Materials Co., Ltd. |  | China |  |  | 40 |  |  | 10.0% |  |  | 43 |  |  | 10.0%
|  |  |  | $ | 152 |  |  |  |  | $ | 158 |  |  |
The following table sets forth the changes in the Company’s investments in affiliates for the years ended December 31, 2024, 2023 and 2022.
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Balance at January 1, |  | $ | 158 |  |  | $ | 175 |  |  | $ | 169 |
Equity in earnings of affiliates |  |  | 43 |  |  |  | 45 |  |  |  | 55 |
Dividends |  |  | (37 | ) |  |  | (49 | ) |  |  | (33 | )
Currency translation and other |  |  | (12 | ) |  |  | (13 | ) |  |  | (16 | )
Balance at December 31, |  | $ | 152 |  |  | $ | 158 |  |  | $ | 175 |
The Company engages in transactions with its equity method investees in the ordinary course of business. For the years ended December 31, 2024, 2023 and 2022, net sales to the Company’s equity method investees amounted to $127, $144, and $193, respectively, and purchases from the Company’s equity method investees amounted to $295, $221, and $218, respectively.

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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/recommendedDisclosureRef -Topic 740 -SubTopic 323 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478156/740-323-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 323 -Publisher FASB -URI https://asc.fasb.org/323/tableOfContent + Details
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