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Restructuring, Asset-Related, and Other Charges (Tables)
 12 Months Ended
Dec. 31, 2024
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Program

The following table sets forth the components of the Company’s restructuring, asset-related, and other charges by segment for the years ended December 31, 2024, 2023 and 2022.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thermal & Specialized Solutions

 

 

Titanium Technologies

 

 

Advanced Performance Materials

 

 

Other Segment

 

 

Corporate

 

 

Total

 

Year Ended December 31, 2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee separation charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2024 Restructuring Program

 

$

—

 

 

$

—

 

 

$

14

 

 

$

—

 

 

$

6

 

 

$

20

 

Titanium Technologies Transformation Plan

 

 

—

 

 

 

(1

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(1

)

2023 Restructuring Program

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total employee separation charges

 

 

—

 

 

 

(1

)

 

 

14

 

 

 

—

 

 

 

6

 

 

 

19

 

Decommissioning and other charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2024 Restructuring Program

 

 

—

 

 

 

—

 

 

 

3

 

 

 

—

 

 

 

—

 

 

 

3

 

Titanium Technologies Transformation Plan

 

 

—

 

 

 

11

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

11

 

Total Decommissioning and other charges

 

 

—

 

 

 

11

 

 

 

3

 

 

 

—

 

 

 

—

 

 

 

14

 

Total restructuring and other charges

 

 

—

 

 

 

10

 

 

 

17

 

 

 

—

 

 

 

6

 

 

 

33

 

Asset-related charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2024 Restructuring Program

 

 

—

 

 

 

—

 

 

 

27

 

 

 

—

 

 

 

—

 

 

 

27

 

Total asset-related charges

 

 

—

 

 

 

—

 

 

 

27

 

 

 

—

 

 

 

—

 

 

 

27

 

Total restructuring, asset-related, and other charges

 

$

—

 

 

$

10

 

 

$

44

 

 

$

—

 

 

$

6

 

 

$

60

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thermal & Specialized Solutions

 

 

Titanium Technologies

 

 

Advanced Performance Materials

 

 

Other Segment

 

 

Corporate

 

 

Total

 

Year Ended December 31, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee separation charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Titanium Technologies Transformation Plan

 

$

—

 

 

$

21

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

21

 

2023 Restructuring Program

 

 

—

 

 

 

—

 

 

 

3

 

 

 

—

 

 

 

1

 

 

 

4

 

2022 Restructuring Programs

 

 

1

 

 

 

—

 

 

 

(1

)

 

 

—

 

 

 

(1

)

 

 

(1

)

ERP Implementation Abandonment Charges

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1

 

 

 

1

 

Total employee separation charges

 

 

1

 

 

 

21

 

 

 

2

 

 

 

—

 

 

 

1

 

 

 

25

 

Decommissioning and other charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Titanium Technologies Transformation Plan

 

 

—

 

 

 

27

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

27

 

ERP Implementation Abandonment Charges

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

4

 

 

 

4

 

Total Decommissioning and other charges

 

 

—

 

 

 

27

 

 

 

—

 

 

 

—

 

 

 

4

 

 

 

31

 

Total restructuring and other charges

 

 

1

 

 

 

48

 

 

 

2

 

 

 

—

 

 

 

5

 

 

 

56

 

Asset-related charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Titanium Technologies Transformation Plan

 

 

 

 

 

77

 

 

 

—

 

 

 

—

 

 

 

1

 

 

 

78

 

ERP Implementation Abandonment Charges

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

11

 

 

 

11

 

Other asset-related charges

 

 

8

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

8

 

Total asset-related charges

 

 

8

 

 

 

77

 

 

 

—

 

 

 

—

 

 

 

12

 

 

 

97

 

Total restructuring, asset-related, and other charges

 

$

9

 

 

$

125

 

 

$

2

 

 

$

—

 

 

$

17

 

 

$

153

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Thermal & Specialized Solutions

 

 

Titanium Technologies

 

 

Advanced Performance Materials

 

 

Other Segment

 

 

Corporate

 

 

Total

 

Year Ended December 31, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee separation charges

 

$

1

 

 

$

1

 

 

$

3

 

 

$

—

 

 

$

4

 

 

$

9

 

Decommissioning and other charges

 

 

—

 

 

 

—

 

 

 

—

 

 

 

2

 

 

 

—

 

 

 

2

 

Total restructuring and other charges

 

 

1

 

 

 

1

 

 

 

3

 

 

 

2

 

 

 

4

 

 

 

11

 

Asset-related charges

 

 

—

 

 

 

5

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

5

 

Total restructuring, asset-related, and other charges

 

$

1

 

 

$

6

 

 

$

3

 

 

$

2

 

 

$

4

 

 

$

16

 

 
Schedule of Restructuring Charges

The following table sets forth the change in the Company’s employee separation-related liabilities associated with its restructuring programs for the years ended December 31, 2024 and 2023.

 

 

 

2024 Restructuring Program

 

 

Titanium Technologies Transformation Plan

 

 

2023 Restructuring Program

 

 

2022 Restructuring Program

 

 

ERP
Implementation
Abandonment

 

 

Total

 

Balance at January 1, 2023

 

$

—

 

 

$

—

 

 

$

—

 

 

$

6

 

 

$

—

 

 

$

6

 

Charges to income

 

 

—

 

 

 

21

 

 

 

4

 

 

 

(1

)

 

 

1

 

 

 

25

 

Payments

 

 

—

 

 

 

(11

)

 

 

—

 

 

 

(5

)

 

 

(1

)

 

 

(17

)

Balance at December 31, 2023

 

 

—

 

 

 

10

 

 

 

4

 

 

 

—

 

 

 

—

 

 

 

14

 

Charges to income

 

 

20

 

 

 

(1

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

19

 

Payments

 

 

(8

)

 

 

(8

)

 

 

(4

)

 

 

—

 

 

 

—

 

 

 

(20

)

Balance at December 31, 2024

 

$

12

 

 

$

1

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

13