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Unaudited Quarterly Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Quarterly Financial Information Disclosure [Abstract] |
Summary of Quarterly Results of Operations | The following sets forth a summary of the Company's quarterly results of operations for the years ended December 31, 2024, 2023 and 2022.
|  | For the Three Months Ended |  |  |  |
2024 |  | March 31, |  |  | June 30, |  |  | September 30, |  |  | December 31, |  |  | Full Year (1) |
Net sales (2) |  | $ | 1,362 |  |  | $ | 1,554 |  |  | $ | 1,508 |  |  | $ | 1,359 |  |  | $ | 5,782 |
Cost of goods sold (2) |  | $ | 1,076 |  |  | $ | 1,248 |  |  | $ | 1,221 |  |  | $ | 1,086 |  |  | $ | 4,631 |
Income (loss) before income taxes |  | $ | 67 |  |  | $ | 82 |  |  | $ | (30 | ) |  | $ | 9 |  |  | $ | 127 |
Net income (loss) |  | $ | 52 |  |  | $ | 70 |  |  | $ | (27 | ) |  | $ | (8 | ) |  | $ | 86 |
Net income (loss) attributable to Chemours |  | $ | 52 |  |  | $ | 70 |  |  | $ | (27 | ) |  | $ | (8 | ) |  | $ | 86 |
Basic earnings (loss) per share of common stock |  | $ | 0.35 |  |  | $ | 0.47 |  |  | $ | (0.18 | ) |  | $ | (0.05 | ) |  | $ | 0.58 |
Diluted earnings (loss) per share of common stock |  | $ | 0.34 |  |  | $ | 0.46 |  |  | $ | (0.18 | ) |  | $ | (0.05 | ) |  | $ | 0.57 |
|  | For the Three Months Ended |  |  |  |
2023 |  | March 31, |  |  | June 30, |  |  | September 30, |  |  | December 31, |  |  | Full Year (1) |
Net sales (2) |  | $ | 1,549 |  |  | $ | 1,660 |  |  | $ | 1,501 |  |  | $ | 1,368 |  |  | $ | 6,078 |
Cost of goods sold (2) |  | $ | 1,181 |  |  | $ | 1,250 |  |  | $ | 1,228 |  |  | $ | 1,113 |  |  | $ | 4,772 |
Income (loss) before income taxes |  | $ | 173 |  |  | $ | (433 | ) |  | $ | 13 |  |  | $ | (71 | ) |  | $ | (318 | )
Net income (loss) |  | $ | 145 |  |  | $ | (376 | ) |  | $ | 12 |  |  | $ | (18 | ) |  | $ | (237 | )
Net income (loss) attributable to Chemours |  | $ | 145 |  |  | $ | (376 | ) |  | $ | 12 |  |  | $ | (18 | ) |  | $ | (238 | )
Basic earnings (loss) per share of common stock |  | $ | 0.97 |  |  | $ | (2.52 | ) |  | $ | 0.08 |  |  | $ | (0.12 | ) |  | $ | (1.60 | )
Diluted earnings (loss) per share of common stock |  | $ | 0.96 |  |  | $ | (2.52 | ) |  | $ | 0.08 |  |  | $ | (0.12 | ) |  | $ | (1.60 | )
(1) Individual quarters may not sum to full year amounts due to rounding. (2) As revised, as noted below.
Summary of Revised Interim Consolidated Statements of Operations (unaudited) | Revised Interim Consolidated Statements of Operations (unaudited)
|  | Three months ended March 31, 2023 |
|  | As reported |  |  | Revision |  |  | As revised |
Net sales | $ |  | 1,536 |  | $ |  | 13 |  | $ |  | 1,549 |
Cost of goods sold | $ |  | 1,168 |  | $ |  | 13 |  | $ |  | 1,181 |
Gross profit | $ |  | 368 |  | $ |  | — |  | $ |  | 368 |
|  | Three months ended June 30, 2023 |
|  | As reported |  |  | Revision |  |  | As revised |
Net sales | $ |  | 1,643 |  | $ |  | 17 |  | $ |  | 1,660 |
Cost of goods sold | $ |  | 1,233 |  | $ |  | 17 |  | $ |  | 1,250 |
Gross profit | $ |  | 410 |  | $ |  | — |  | $ |  | 410 |
|  | Six months ended June 30, 2023 |
|  | As reported |  |  | Revision |  |  | As revised |
Net sales | $ |  | 3,179 |  | $ |  | 30 |  | $ |  | 3,209 |
Cost of goods sold | $ |  | 2,401 |  | $ |  | 30 |  | $ |  | 2,431 |
Gross profit | $ |  | 778 |  | $ |  | — |  | $ |  | 778 |
|  | Three months ended September 30, 2023 |
|  | As reported |  |  | Revision |  |  | As revised |
Net sales | $ |  | 1,487 |  | $ |  | 14 |  | $ |  | 1,501 |
Cost of goods sold | $ |  | 1,214 |  | $ |  | 14 |  | $ |  | 1,228 |
Gross profit | $ |  | 273 |  | $ |  | — |  | $ |  | 273 |
|  | Nine months ended September 30, 2023 |
|  | As reported |  |  | Revision |  |  | As revised |
Net sales | $ |  | 4,666 |  | $ |  | 44 |  | $ |  | 4,710 |
Cost of goods sold | $ |  | 3,615 |  | $ |  | 44 |  | $ |  | 3,659 |
Gross profit | $ |  | 1,051 |  | $ |  | — |  | $ |  | 1,051 |
|  | Three months ended March 31, 2024 |
|  | As reported |  |  | Revision |  |  | As revised |
Net sales | $ |  | 1,350 |  | $ |  | 12 |  | $ |  | 1,362 |
Cost of goods sold | $ |  | 1,064 |  | $ |  | 12 |  | $ |  | 1,076 |
Gross profit | $ |  | 286 |  | $ |  | — |  | $ |  | 286 |
|  | Three months ended June 30, 2024 |
|  | As reported |  |  | Revision |  |  | As revised |
Net sales | $ |  | 1,538 |  | $ |  | 16 |  | $ |  | 1,554 |
Cost of goods sold | $ |  | 1,232 |  | $ |  | 16 |  | $ |  | 1,248 |
Gross profit | $ |  | 306 |  | $ |  | — |  | $ |  | 306 |
|  | Six months ended June 30, 2024 |
|  | As reported |  |  | Revision |  |  | As revised |
Net sales | $ |  | 2,887 |  | $ |  | 28 |  | $ |  | 2,915 |
Cost of goods sold | $ |  | 2,294 |  | $ |  | 29 |  | $ |  | 2,323 |
Gross profit | $ |  | 593 |  | $ |  | (1 | ) | $ |  | 592 |
Other expense, net | $ |  | (1 | ) | $ |  | 1 |  | $ |  | — |
Income before income taxes | $ |  | 149 |  | $ |  | — |  | $ |  | 149 |
|  | Three months ended September 30, 2024 |
|  | As reported |  |  | Revision |  |  | As revised |
Net sales | $ |  | 1,501 |  | $ |  | 7 |  | $ |  | 1,508 |
Cost of goods sold | $ |  | 1,215 |  | $ |  | 6 |  | $ |  | 1,221 |
Gross profit | $ |  | 286 |  | $ |  | 1 |  | $ |  | 287 |
Other income, net | $ |  | 7 |  | $ |  | (1 | ) | $ |  | 6 |
Loss before income taxes | $ |  | (30 | ) | $ |  | — |  | $ |  | (30 | )
|  | Nine months ended September 30, 2024 |
|  | As reported |  |  | Revision |  |  | As revised |
Net sales | $ |  | 4,388 |  | $ |  | 35 |  | $ |  | 4,423 |
Cost of goods sold | $ |  | 3,510 |  | $ |  | 35 |  | $ |  | 3,545 |
Gross profit | $ |  | 878 |  | $ |  | — |  | $ |  | 878 |

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 270 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 + Details
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