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Net Sales (Tables)

12 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Summary of Disaggregation of Net Sales by Geographical Region and Segment and Product Group

The following table sets forth a disaggregation of the Company’s net sales by geographic region and segment for the years ended December 31, 2024, 2023 and 2022.

		Year Ended December 31,
		2024				2023				2022
Net sales by geographic region (1)
North America:
Thermal & Specialized Solutions		$	1,029			$	1,076			$	996
Titanium Technologies			1,026				1,054				1,285
Advanced Performance Materials			499				556				632
Other Segment			35				59				71
Total North America			2,589				2,745				2,984
Asia Pacific:
Thermal & Specialized Solutions			200				192				178
Titanium Technologies			657				704				928
Advanced Performance Materials			518				554				657
Other Segment			11				12				24
Total Asia Pacific			1,386				1,462				1,787
Europe, the Middle East, and Africa:
Thermal & Specialized Solutions			362				369				320
Titanium Technologies			511				519				695
Advanced Performance Materials			258				297				283
Other Segment			7				12				17
Total Europe, the Middle East, and Africa			1,138				1,197				1,315
Latin America (2):
Thermal & Specialized Solutions			239				214				208
Titanium Technologies			378				403				472
Advanced Performance Materials			51				55				61
Other Segment			1				2				4
Total Latin America			669				674				745
Total net sales		$	5,782			$	6,078			$	6,831

(1)Net sales are attributed to countries based on customer location.

(2)Latin America includes Mexico.

The following table sets forth a disaggregation of the Company’s net sales by product group and segment for the years ended December 31, 2024, 2023 and 2022. Certain prior period amounts have been recast in order to conform with current presentation of Thermal & Specialized Solutions net sales disaggregation.

		Year Ended December 31,
		2024				2023				2022
Net sales by product group and segment
OpteonTM refrigerants		$	810			$	710			$	597
FreonTM refrigerants			614				722				750
Foam, propellants, and other			406				419				355
Total Thermal & Specialized Solutions			1,830				1,851				1,702
Titanium dioxide and other minerals			2,572				2,680				3,380
Total Titanium Technologies			2,572				2,680				3,380
Advanced materials			808				916				1,140
Performance solutions			518				546				493
Total Advanced Performance Materials			1,326				1,462				1,633
Performance chemicals and intermediates			54				85				116
Total Other Segment			54				85				116
Total net sales		$	5,782			$	6,078			$	6,831

Summary of Contract Balances from Contracts with Customers

The following table sets forth the Company’s contract balances from contracts with customers at December 31, 2024 and 2023.

		December 31,
		2024				2023
Contract assets:
Accounts receivable - trade, net (Note 11)		$	619			$	509
Contract liabilities:
Deferred revenue		$	11			$	16
Customer rebates (Note 19)			70				78

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
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-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

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