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Leases (Tables)

12 Months Ended

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