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Goodwill and Other Intangible Assets, Net (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill

The following table sets forth the changes in the carrying amount of the Company’s goodwill by segment for the years ended December 31, 2024 and 2023.

 

 

Thermal & Specialized Solutions

 

 

Titanium Technologies

 

 

Advanced Performance Materials

 

 

Other Segment

 

 

Total

 

Balance at January 1, 2023

 

$

33

 

 

$

13

 

 

$

56

 

 

$

—

 

 

$

102

 

Balance at December 31, 2023

 

 

33

 

 

 

13

 

 

 

56

 

 

 

—

 

 

 

102

 

Goodwill impairment

 

 

—

 

 

 

—

 

 

 

(56

)

 

 

—

 

 

 

(56

)

Balance at December 31, 2024

 

$

33

 

 

$

13

 

 

$

—

 

 

$

—

 

 

$

46

 
Schedule of Other Intangible Assets

The following table sets forth the gross carrying amounts and accumulated amortization of the Company’s other intangible assets by major class at December 31, 2024 and 2023.

 

 

 

December 31, 2024

 

 

December 31, 2023

 

 

 

Cost

 

 

Accumulated
Amortization

 

 

Net

 

 

Cost

 

 

Accumulated
Amortization

 

 

Net

 

Allowance units (1)

 

$

8

 

 

$

(5

)

 

$

3

 

 

$

13

 

 

$

(10

)

 

$

3

 

Customer lists

 

 

2

 

 

 

(2

)

 

 

—

 

 

 

2

 

 

 

(2

)

 

 

—

 

Customer relationships

 

 

22

 

 

 

(22

)

 

 

—

 

 

 

22

 

 

 

(22

)

 

 

—

 

Patents

 

 

13

 

 

 

(13

)

 

 

—

 

 

 

13

 

 

 

(13

)

 

 

—

 

Purchased and licensed technology

 

 

3

 

 

 

(3

)

 

 

—

 

 

 

3

 

 

 

(3

)

 

 

—

 

Other

 

 

11

 

 

 

(11

)

 

 

—

 

 

 

10

 

 

 

(10

)

 

 

—

 

Total other intangible assets

 

$

59

 

 

$

(56

)

 

$

3

 

 

$

63

 

 

$

(60

)

 

$

3

 
(1)
Allowance units represent rights purchased for the production and/or importation of regulated materials.