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Leases (Tables) | 12 Months Ended
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Dec. 31, 2024
Leases [Abstract] |
Schedule of Lease Assets and Lease Liabilities and their Balance Sheet Locations | The following table sets forth the Company’s lease assets and lease liabilities and their balance sheet locations at December 31, 2024 and 2023.
|  |  |  | December 31, |
|  | Balance Sheet Location |  | 2024 |  |  | 2023 |
Lease assets: |  |  |  |  |  |  |  |
Operating lease right-of-use assets |  | Operating lease right-of-use assets |  | $ | 258 |  |  | $ | 260 |
Finance lease assets |  | Property, plant, and equipment, net (Note 13) |  |  | 48 |  |  |  | 61 |
Total lease assets |  |  |  | $ | 306 |  |  | $ | 321 |
Lease liabilities: |  |  |  |  |  |  |  |
Current: |  |  |  |  |  |  |  |
Operating lease liabilities |  | Other accrued liabilities (Note 19) |  | $ | 53 |  |  | $ | 55 |
Finance lease liabilities |  | Short-term and current maturities of long-term debt (Note 20) |  |  | 13 |  |  |  | 12 |
Total current lease liabilities |  |  |  |  | 66 |  |  |  | 67 |
Non-current: |  |  |  |  |  |  |  |
Operating lease liabilities |  | Operating lease liabilities |  |  | 194 |  |  |  | 206 |
Finance lease liabilities |  | Long-term debt, net (Note 20) |  |  | 33 |  |  |  | 46 |
Total non-current lease liabilities |  |  |  |  | 227 |  |  |  | 252 |
Total lease liabilities |  |  |  | $ | 293 |  |  | $ | 319 |
Schedule of Components of Company's Lease Cost | The following table sets forth the components of the Company’s lease cost for the years ended December 31, 2024, 2023 and 2022.
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Operating lease cost |  | $ | 61 |  |  | $ | 63 |  |  | $ | 51 |
Short-term lease cost |  |  | 14 |  |  |  | 7 |  |  |  | 4 |
Variable lease cost |  |  | 19 |  |  |  | 18 |  |  |  | 16 |
Finance lease cost: |  |  |  |  |  |  |  |  |
Amortization of lease assets |  |  | 9 |  |  |  | 9 |  |  |  | 8 |
Interest on lease liabilities |  |  | 3 |  |  |  | 3 |  |  |  | 4 |
Total lease cost |  | $ | 106 |  |  | $ | 100 |  |  | $ | 83 |
Schedule of Cash Flows Related to Company's Leases | The following table sets forth the cash flows related to the Company’s leases for the years ended December 31, 2024, 2023 and 2022.
|  | Year Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 69 |  |  | $ | 70 |  |  | $ | 56 |
Operating cash flows from finance leases |  |  | 3 |  |  |  | 3 |  |  |  | 4 |
Financing cash flows from finance leases |  |  | 12 |  |  |  | 11 |  |  |  | 11 |
Non-cash lease liabilities activity: |  |  |  |  |  |  |  |  |
Leased assets obtained in exchange for new operating lease liabilities |  | $ | 38 |  |  | $ | 66 |  |  | $ | 65 |
Leased assets obtained in exchange for new finance lease liabilities |  |  | 7 |  |  |  | — |  |  |  | — |
Schedule of Weighted-Average Terms and Weighted-Average Discount Rates For Company's Leases | The following table sets forth the weighted-average terms and weighted-average discount rates for the Company’s leases at December 31, 2024 and 2023.
|  | December 31, |
|  | 2024 |  |  | 2023 |
Weighted-average remaining lease term (years): |  |  |  |  |  |
Operating leases |  |  | 8.3 |  |  |  | 8.9 |
Finance leases |  |  | 4.5 |  |  |  | 4.6 |
Weighted-average discount rate: |  |  |  |  |  |
Operating leases |  |  | 6.09 | % |  |  | 5.89 | %
Finance leases |  |  | 5.67 | % |  |  | 5.42 | %
Schedule of Company's Lease Liabilities' Maturities for Next Five Years and Thereafter | The following table sets forth the Company’s lease liabilities’ maturities for the next five years and thereafter.
|  | Operating Leases |  |  | Finance Leases |  |  | Total |
2025 |  | $ | 66 |  |  | $ | 16 |  |  | $ | 82 |
2026 |  |  | 57 |  |  |  | 11 |  |  |  | 68 |
2027 |  |  | 41 |  |  |  | 9 |  |  |  | 50 |
2028 |  |  | 31 |  |  |  | 9 |  |  |  | 40 |
2029 |  |  | 26 |  |  |  | 4 |  |  |  | 30 |
Thereafter |  |  | 85 |  |  |  | 3 |  |  |  | 88 |
Total lease payments |  |  | 306 |  |  |  | 52 |  |  |  | 358 |
Less: Imputed interest |  |  | 59 |  |  |  | 6 |  |  |  | 65 |
Present value of lease liabilities |  | $ | 247 |  |  | $ | 46 |  |  | $ | 293 |
Summary of Future Minimum Payments Related to Chemours Discovery Hub Financing Obligation | The following table sets forth the Company’s minimum future payments due for the next five years and thereafter related to the Chemours Discovery Hub financing obligation.
2025 |  | $ | 7 |
2026 |  |  | 7 |
2027 |  |  | 7 |
2028 |  |  | 7 |
2029 |  |  | 7 |
Thereafter |  |  | 122 |
Total lease payments |  |  | 157 |
Less: Imputed interest |  |  | (67 | )
Present value of financing obligation |  | $ | 90 |

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