XML 195 R178.htm IDEA: XBRL DOCUMENT v3.25.0.1
Geographic and Segment Information - Schedule of Segment Information (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Segment information from Consolidated Statements of Operations:                                
Net sales $ 1,359 $ 1,508 $ 1,554 $ 1,362 $ 1,368 $ 1,501 $ 1,660 $ 1,549 $ 2,915 $ 3,209 $ 4,423 $ 4,710 $ 5,782 $ 6,078 $ 6,831  
Segment selling, general, and administrative expense                         585 1,290 710  
Research and development expense                         109 108 118  
Add back: Depreciation and amortization                         301 307 291  
Equity in earnings of affiliates                         43 45 55  
Segment Adjusted EBITDA                         1,049 1,248 1,571  
Segment information from Consolidated Balance Sheets:                                
Total assets 7,515       8,251               7,515 8,251 7,640  
Investments in affiliates 152       158               152 158 175 $ 169
Segment information from Consolidated Statements of Cash Flow:                                
Purchases of property, plant, and equipment                         360 370 307  
Titanium Technologies [Member]                                
Segment information from Consolidated Statements of Operations:                                
Segment Adjusted EBITDA                         312 290 601  
Thermal & Specialized Solutions [Member]                                
Segment information from Consolidated Statements of Operations:                                
Segment Adjusted EBITDA                         576 685 603  
Advanced Performance Materials [Member]                                
Segment information from Consolidated Statements of Operations:                                
Segment Adjusted EBITDA                         161 273 367  
Operating Segments [Member] | Titanium Technologies [Member]                                
Segment information from Consolidated Statements of Operations:                                
Net sales                         2,572 2,680 3,380  
Segment cost of goods sold                         2,248 2,370 2,746  
Segment selling, general, and administrative expense                         118 122 125  
Research and development expense                         28 32 34  
Add back: Depreciation and amortization                         133 133 125  
Other segment items                         (1) (1) (1)  
Segment Adjusted EBITDA                         312 290 601  
Segment information from Consolidated Balance Sheets:                                
Total assets 2,290       2,226               2,290 2,226 2,384  
Segment information from Consolidated Statements of Cash Flow:                                
Purchases of property, plant, and equipment                         55 83 149  
Operating Segments [Member] | Thermal & Specialized Solutions [Member]                                
Segment information from Consolidated Statements of Operations:                                
Net sales                         1,830 1,851 1,702  
Segment cost of goods sold                         1,180 1,130 1,070  
Segment selling, general, and administrative expense                         104 98 101  
Research and development expense                         29 25 25  
Add back: Depreciation and amortization                         53 62 55  
Equity in earnings of affiliates                         (8) (10) (24)  
Other segment items                         2 (15) (18)  
Segment Adjusted EBITDA                         576 685 603  
Segment information from Consolidated Balance Sheets:                                
Total assets 1,549       1,283               1,549 1,283 1,238  
Investments in affiliates 72       75               72 75 82  
Segment information from Consolidated Statements of Cash Flow:                                
Purchases of property, plant, and equipment                         168 75 30  
Operating Segments [Member] | Advanced Performance Materials [Member]                                
Segment information from Consolidated Statements of Operations:                                
Net sales                         1,326 1,462 1,633  
Segment cost of goods sold                         1,102 1,128 1,184  
Segment selling, general, and administrative expense                         147 145 153  
Research and development expense                         50 48 54  
Add back: Depreciation and amortization                         89 85 82  
Equity in earnings of affiliates                         (35) (35) (31)  
Other segment items                         (10) (12) (12)  
Segment Adjusted EBITDA                         161 273 367  
Segment information from Consolidated Balance Sheets:                                
Total assets 1,748       1,833               1,748 1,833 1,742  
Investments in affiliates $ 81       $ 84               81 84 93  
Segment information from Consolidated Statements of Cash Flow:                                
Purchases of property, plant, and equipment                         122 193 115  
Operating Segments [Member] | Other Segment [Member]                                
Segment information from Consolidated Statements of Operations:                                
Research and development expense                         $ 1 $ 1 $ 1