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Investments in Affiliates (Tables)
12 Months Ended
Dec. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Investments in Affiliates

The following table sets forth the jurisdiction, carrying value, and ownership percentages of the Company’s investments in affiliates at December 31, 2024 and 2023.

 

 

 

 

 

December 31, 2024

 

December 31, 2023

Investee

 

Jurisdiction

 

Carrying Value

 

 

Ownership

 

Carrying Value

 

 

Ownership

Chemours-Mitsui Fluorochemicals Company, Ltd.

 

Japan

 

$

79

 

 

50.0%

 

$

82

 

 

50.0%

The Chemours Chenguang Fluoromaterials Company Limited

 

China

 

 

33

 

 

50.0%

 

 

33

 

 

50.0%

Changshu 3F Zhonghao New Chemical Materials Co., Ltd.

 

China

 

 

40

 

 

10.0%

 

 

43

 

 

10.0%

 

 

 

 

$

152

 

 

 

 

$

158

 

 

 

Schedule of Changes in Investments in Affiliates

The following table sets forth the changes in the Company’s investments in affiliates for the years ended December 31, 2024, 2023 and 2022.

 

 

 

Year Ended December 31,

 

 

 

2024

 

 

2023

 

 

2022

 

Balance at January 1,

 

$

158

 

 

$

175

 

 

$

169

 

Equity in earnings of affiliates

 

 

43

 

 

 

45

 

 

 

55

 

Dividends

 

 

(37

)

 

 

(49

)

 

 

(33

)

Currency translation and other

 

 

(12

)

 

 

(13

)

 

 

(16

)

Balance at December 31,

 

$

152

 

 

$

158

 

 

$

175