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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax Disclosure [Abstract] |
Schedule of Components of Provision for (Benefit from) Income Taxes | The following table sets forth the components of the Company’s provision for (benefit from) income taxes for the years ended December 31, 2024, 2023 and 2022.
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Current tax expense (benefit): |  |  |  |  |  |  |  |  |
U.S. federal |  | $ | 6 |  |  | $ | 25 |  |  | $ | 83 |
U.S. state and local |  |  | — |  |  |  | (5 | ) |  |  | 13 |
International |  |  | 62 |  |  |  | 57 |  |  |  | 47 |
Total current tax expense |  |  | 68 |  |  |  | 77 |  |  |  | 143 |
Deferred tax (benefit) expense: |  |  |  |  |  |  |  |  |
U.S. federal |  |  | (11 | ) |  |  | (112 | ) |  |  | 8 |
U.S. state and local |  |  | (10 | ) |  |  | (24 | ) |  |  | (2 | )
International |  |  | (6 | ) |  |  | (22 | ) |  |  | 14 |
Total deferred tax (benefit) expense |  |  | (27 | ) |  |  | (158 | ) |  |  | 20 |
Total provision for (benefit from) income taxes |  | $ | 41 |  |  | $ | (81 | ) |  | $ | 163 |
Schedule of Deferred Tax Assets and Liabilities Components | The following table sets forth the components of the Company’s deferred tax assets and liabilities at December 31, 2024 and 2023.
|  | December 31, |
|  | 2024 |  |  | 2023 |
Deferred tax assets: |  |  |  |  |  |
Environmental and other liabilities |  | $ | 188 |  |  | $ | 196 |
Employee related and benefit items |  |  | 48 |  |  |  | 41 |
Other assets and accrual liabilities |  |  | 140 |  |  |  | 133 |
Intangible Assets |  |  | 124 |  |  |  | 155 |
Tax attribute carryforwards |  |  | 234 |  |  |  | 200 |
Operating lease liability |  |  | 60 |  |  |  | 63 |
Total deferred tax assets |  |  | 794 |  |  |  | 788 |
Less: Valuation allowance |  |  | (134 | ) |  |  | (165 | )
Total deferred tax assets, net |  |  | 660 |  |  |  | 623 |
Deferred tax liabilities: |  |  |  |  |  |
Property, plant, and equipment and intangible assets |  |  | (279 | ) |  |  | (240 | )
LIFO inventories |  |  | (14 | ) |  |  | (8 | )
Operating lease asset |  |  | (63 | ) |  |  | (63 | )
Other liabilities |  |  | (48 | ) |  |  | (53 | )
Total deferred tax liabilities |  |  | (404 | ) |  |  | (364 | )
Deferred tax assets, net |  | $ | 256 |  |  | $ | 259 |
Schedule of Effective Income Tax Rate | The following table sets forth an analysis of the Company’s effective tax rates for the years ended December 31, 2024, 2023 and 2022.
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | $ |  |  | % |  |  | $ |  |  | % |  |  | $ |  |  | % |
Statutory U.S. federal income tax rate |  | $ | 27 |  |  |  | 21.0 | % |  | $ | (67 | ) |  |  | 21.0 | % |  | $ | 156 |  |  |  | 21.0 | %
State income taxes, net of federal benefit |  |  | (10 | ) |  |  | (7.9 | )% |  |  | (28 | ) |  |  | 8.8 | % |  |  | 7 |  |  |  | 1.0 | %
Lower effective tax rate on international operations, net |  |  | (6 | ) |  |  | (4.7 | )% |  |  | 55 |  |  |  | (17.3 | )% |  |  | (16 | ) |  |  | (2.2 | )%
Basis difference in intangible assets, net |  |  | (1 | ) |  |  | (0.8 | )% |  |  | (12 | ) |  |  | 3.8 | % |  |  | — |  |  |  | — | %
Tax exempt income |  |  | — |  |  |  | — | % |  |  | (24 | ) |  |  | 7.5 | % |  |  | — |  |  |  | — | %
Non - deductible expenses |  |  | 13 |  |  |  | 10.3 | % |  |  | 11 |  |  |  | (3.4 | )% |  |  | 1 |  |  |  | 0.1 | %
Goodwill |  |  | 12 |  |  |  | 9.5 | % |  |  | — |  |  |  | — | % |  |  | — |  |  |  | — | %
Depletion |  |  | (4 | ) |  |  | (3.1 | )% |  |  | (4 | ) |  |  | 1.3 | % |  |  | (6 | ) |  |  | (0.8 | )%
Exchange gains |  |  | (6 | ) |  |  | (4.7 | )% |  |  | (16 | ) |  |  | 5.0 | % |  |  | (8 | ) |  |  | (1.1 | )%
Provision to return and other adjustments |  |  | 16 |  |  |  | 12.7 | % |  |  | (6 | ) |  |  | 1.9 | % |  |  | (2 | ) |  |  | (0.3 | )%
Valuation allowance |  |  | — |  |  |  | — | % |  |  | 15 |  |  |  | (4.7 | )% |  |  | 4 |  |  |  | 0.5 | %
Executive compensation limitation |  |  | 1 |  |  |  | 0.8 | % |  |  | 9 |  |  |  | (2.8 | )% |  |  | 3 |  |  |  | 0.5 | %
Stock-based compensation |  |  | (1 | ) |  |  | (0.8 | )% |  |  | (13 | ) |  |  | 4.1 | % |  |  | (9 | ) |  |  | (1.2 | )%
R&D credit |  |  | (7 | ) |  |  | (5.5 | )% |  |  | (8 | ) |  |  | 2.5 | % |  |  | (7 | ) |  |  | (0.9 | )%
Uncertain tax positions |  |  | 5 |  |  |  | 3.9 | % |  |  | 7 |  |  |  | (2.2 | )% |  |  | 36 |  |  |  | 4.9 | %
Other, net |  |  | 2 |  |  |  | 1.6 | % |  |  | — |  |  |  | — | % |  |  | 4 |  |  |  | 0.5 | %
Total effective tax rate |  | $ | 41 |  |  |  | 32.3 | % |  | $ | (81 | ) |  |  | 25.5 | % |  | $ | 163 |  |  |  | 22.0 | %
Schedule of (Loss) Income before Income Taxes | The following table sets forth the Company’s income (loss) before income taxes for its U.S. and international operations for the years ended December 31, 2024, 2023 and 2022.
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
U.S. operations (including exports) |  | $ | (199 | ) |  | $ | (638 | ) |  | $ | 217 |
International operations |  |  | 326 |  |  |  | 320 |  |  |  | 524 |
Income (loss) before income taxes |  | $ | 127 |  |  | $ | (318 | ) |  | $ | 741 |
Schedule of open tax years by significant jurisdiction | The following table sets forth the Company’s significant jurisdictions’ tax returns that are subject to examination by their respective taxing authorities for the open years listed.
Jurisdiction |  | Open Years
China |  | 2019 through 2024
India |  | 2016 through 2024
Mexico |  | 2019 through 2024
Netherlands |  | 2023 through 2024
Singapore |  | 2019 through 2024
Switzerland |  | 2019 through 2024
Taiwan |  | 2023 through 2024
U.S. |  | 2017 through 2024
Schedule of Unrecognized Tax Benefits | The following table sets forth the change in the Company’s unrecognized tax benefits for the years ended December 31, 2024, 2023 and 2022.
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Balance at January 1, |  | $ | 73 |  |  | $ | 65 |  |  | $ | 5 |
Gross amounts of increases and decreases in unrecognized tax benefits as a result of adjustments to tax provisions taken during the prior period |  |  | — |  |  |  | 2 |  |  |  | 54 |
Gross amounts of increases and decreases in unrecognized tax benefits as a result of tax positions taken during the current period |  |  | 9 |  |  |  | 6 |  |  |  | 6 |
Reduction to unrecognized tax benefits as a result of a lapse of the applicable statute of limitations |  |  | — |  |  |  | — |  |  |  | — |
Balance at December 31, |  | $ | 82 |  |  | $ | 73 |  |  | $ | 65 |
Total unrecognized tax benefits, if recognized, that would impact the effective tax rate |  | $ | 54 |  |  | $ | 48 |  |  | $ | 42 |
Total amount of interest and penalties recognized in the consolidated statements of operations |  |  | 5 |  |  |  | 4 |  |  |  | 4 |
Total amount of interest and penalties recognized in the consolidated balance sheets |  |  | 13 |  |  |  | 8 |  |  |  | 4 |
Summary of Deferred Tax Asset Valuation Allowance | The following table sets forth a rollforward of the Company’s deferred tax asset valuation allowance for the years ended December 31, 2024, 2023 and 2022.
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Balance at January 1, |  | $ | 165 |  |  | $ | 12 |  |  | $ | 8 |
Charges to income tax expense |  |  | 1 |  |  |  | 153 |  |  |  | 4 |
Reduction of valuation allowance |  |  | (32 | ) |  |  | — |  |  |  | — |
Balance at December 31, |  | $ | 134 |  |  | $ | 165 |  |  | $ | 12 |

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