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Restructuring, Asset-Related, and Other Charges (Tables) | 12 Months Ended
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Dec. 31, 2024
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 by segment for the years ended December 31, 2024, 2023 and 2022.
|  | Thermal & Specialized Solutions |  |  | Titanium Technologies |  |  | Advanced Performance Materials |  |  | Other Segment |  |  | Corporate |  |  | Total |
Year Ended December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Employee separation charges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2024 Restructuring Program |  | $ | — |  |  | $ | — |  |  | $ | 14 |  |  | $ | — |  |  | $ | 6 |  |  | $ | 20 |
Titanium Technologies Transformation Plan |  |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1 | )
2023 Restructuring Program |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total employee separation charges |  |  | — |  |  |  | (1 | ) |  |  | 14 |  |  |  | — |  |  |  | 6 |  |  |  | 19 |
Decommissioning and other charges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2024 Restructuring Program |  |  | — |  |  |  | — |  |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | 3 |
Titanium Technologies Transformation Plan |  |  | — |  |  |  | 11 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 11 |
Total Decommissioning and other charges |  |  | — |  |  |  | 11 |  |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | 14 |
Total restructuring and other charges |  |  | — |  |  |  | 10 |  |  |  | 17 |  |  |  | — |  |  |  | 6 |  |  |  | 33 |
Asset-related charges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
2024 Restructuring Program |  |  | — |  |  |  | — |  |  |  | 27 |  |  |  | — |  |  |  | — |  |  |  | 27 |
Total asset-related charges |  |  | — |  |  |  | — |  |  |  | 27 |  |  |  | — |  |  |  | — |  |  |  | 27 |
Total restructuring, asset-related, and other charges |  | $ | — |  |  | $ | 10 |  |  | $ | 44 |  |  | $ | — |  |  | $ | 6 |  |  | $ | 60 |
|  | Thermal & Specialized Solutions |  |  | Titanium Technologies |  |  | Advanced Performance Materials |  |  | Other Segment |  |  | Corporate |  |  | Total |
Year Ended December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Employee separation charges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Titanium Technologies Transformation Plan |  | $ | — |  |  | $ | 21 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 21 |
2023 Restructuring Program |  |  | — |  |  |  | — |  |  |  | 3 |  |  |  | — |  |  |  | 1 |  |  |  | 4 |
2022 Restructuring Programs |  |  | 1 |  |  |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | (1 | ) |  |  | (1 | )
ERP Implementation Abandonment Charges |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | 1 |
Total employee separation charges |  |  | 1 |  |  |  | 21 |  |  |  | 2 |  |  |  | — |  |  |  | 1 |  |  |  | 25 |
Decommissioning and other charges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Titanium Technologies Transformation Plan |  |  | — |  |  |  | 27 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 27 |
ERP Implementation Abandonment Charges |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4 |  |  |  | 4 |
Total Decommissioning and other charges |  |  | — |  |  |  | 27 |  |  |  | — |  |  |  | — |  |  |  | 4 |  |  |  | 31 |
Total restructuring and other charges |  |  | 1 |  |  |  | 48 |  |  |  | 2 |  |  |  | — |  |  |  | 5 |  |  |  | 56 |
Asset-related charges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Titanium Technologies Transformation Plan |  |  |  |  |  | 77 |  |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | 78 |
ERP Implementation Abandonment Charges |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 11 |  |  |  | 11 |
Other asset-related charges |  |  | 8 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 8 |
Total asset-related charges |  |  | 8 |  |  |  | 77 |  |  |  | — |  |  |  | — |  |  |  | 12 |  |  |  | 97 |
Total restructuring, asset-related, and other charges |  | $ | 9 |  |  | $ | 125 |  |  | $ | 2 |  |  | $ | — |  |  | $ | 17 |  |  | $ | 153 |
|  | Thermal & Specialized Solutions |  |  | Titanium Technologies |  |  | Advanced Performance Materials |  |  | Other Segment |  |  | Corporate |  |  | Total |
Year Ended December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Employee separation charges |  | $ | 1 |  |  | $ | 1 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 4 |  |  | $ | 9 |
Decommissioning and other charges |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2 |  |  |  | — |  |  |  | 2 |
Total restructuring and other charges |  |  | 1 |  |  |  | 1 |  |  |  | 3 |  |  |  | 2 |  |  |  | 4 |  |  |  | 11 |
Asset-related charges |  |  | — |  |  |  | 5 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5 |
Total restructuring, asset-related, and other charges |  | $ | 1 |  |  | $ | 6 |  |  | $ | 3 |  |  | $ | 2 |  |  | $ | 4 |  |  | $ | 16 |
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, 2024 and 2023.
|  | 2024 Restructuring Program |  |  | Titanium Technologies Transformation Plan |  |  | 2023 Restructuring Program |  |  | 2022 Restructuring Program |  |  | ERP Implementation Abandonment |  |  | Total |
Balance at January 1, 2023 |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 6 |  |  | $ | — |  |  | $ | 6 |
Charges to income |  |  | — |  |  |  | 21 |  |  |  | 4 |  |  |  | (1 | ) |  |  | 1 |  |  |  | 25 |
Payments |  |  | — |  |  |  | (11 | ) |  |  | — |  |  |  | (5 | ) |  |  | (1 | ) |  |  | (17 | )
Balance at December 31, 2023 |  |  | — |  |  |  | 10 |  |  |  | 4 |  |  |  | — |  |  |  | — |  |  |  | 14 |
Charges to income |  |  | 20 |  |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 19 |
Payments |  |  | (8 | ) |  |  | (8 | ) |  |  | (4 | ) |  |  | — |  |  |  | — |  |  |  | (20 | )
Balance at December 31, 2024 |  | $ | 12 |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 13 |

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