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Commitments and Contingent Liabilities (Tables)

12 Months Ended

Dec. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

The following table sets forth the activity in the Company’s asset retirement obligations for the years ended December 31, 2024, 2023 and 2022.


	Year Ended December 31,
	2024			2023			2022
Balance at January 1,	$	85		$	83		$	76
Increase in estimated cash outflows		24			1			2
Accretion expense		(6	)		3			10
Settlements and payments		(2	)		(2	)		(5	)
Balance at December 31,	$	101		$	85		$	83

Current portion	$	8		$	18		$	10
Non-current portion		93			67			73

Schedule of Components of Accrued Litigation

The following table sets forth the components of the Company’s accrued litigation at December 31, 2024 and 2023.


	December 31,
	2024		2023
Asbestos	$	61	$	39
PFAS (1):
PFOA (2)		40		26
Other PFAS matters (3)		81		712
All other matters		26		9
Total accrued litigation	$	208	$	786

(1)

The Company is a named defendant and/or cost-sharing and defending DuPont, Corteva, and EID (together, the “DuPont Indemnitees”) in litigation related to the production and use of per- and polyfluoroalkyl substances (“PFAS”), including perfluorooctanoic acids and its salts, including the ammonium salt (“PFOA”); hexafluoropropylene oxide dimer acid (“HFPO Dimer Acid”, sometimes referred to as “GenX” or “C3 Dimer Acid”) and other compounds; and products that are manufactured or use such compounds, including Aqueous Film Forming Foam (“AFFF”).

(2)

PFOA includes matters under the "PFOA" section within this “Note 22 – Commitments and Contingent Liabilities”.

(3)

Other PFAS matters includes matters under the "PFAS" section within this “Note 22 – Commitments and Contingent Liabilities”.

Schedule of Current and Long-term Components of Accrued Litigation and Balance Sheet Locations

The following table sets forth the current and long-term components of the Company’s accrued litigation and their balance sheet locations at December 31, 2024 and 2023.


		December 31,
	Balance Sheet Location	2024		2023
Accrued Litigation:
Current accrued litigation	Other accrued liabilities (Note 19)	$	112	$	713
Long-term accrued litigation	Other liabilities (Note 21)		96		73
Total accrued litigation		$	208	$	786

Schedule of Environmental Remediation Liabilities

The following table sets forth the Company’s environmental remediation liabilities at December 31, 2024 and 2023 for the six sites that are deemed the most significant during the periods presented, together with the aggregate liabilities for all other sites.


	December 31,
	2024		2023
Chambers Works, Deepwater, New Jersey	$	31	$	30
Dordrecht Works, Netherlands (1)		28		4
Fayetteville Works, Fayetteville, North Carolina (2)		351		383
Pompton Lakes, New Jersey		41		41
USS Lead, East Chicago, Indiana (3)		—		12
Washington Works, West Virginia		25		22
All other sites		95		98
Total environmental remediation	$	571	$	590

(1)

As of December 31, 2024, environmental remediation at Dordrecht Works primarily relates to the remediation plan to be implemented as part of the letter of intent described further within this “Note 22 – Commitments and Contingent Liabilities”. An initial estimate of this liability was included in Accrued Litigation at December 31, 2023 and reclassified to Accrued Environmental Remediation at December 31, 2024

(2)

For more information on this matter refer to “Fayetteville Works, Fayetteville, North Carolina” within this “Note 22 – Commitments and Contingent Liabilities”.

(3)

USS Lead, East Chicago, Indiana: Although USS Lead, East Chicago, Indiana has a $0 balance as of December 31, 2024, the Company continues to include this remediation site in the table above due to the accrued environmental remediation liabilities associated with it as of December 31, 2023 for comparable purposes.

Schedule of Current and Long-term Components of Environmental Remediation Liabilities

The following table sets forth the current and long-term components of the Company’s environmental remediation liabilities at December 31, 2024 and 2023.


	December 31,
	2024		2023
Current environmental remediation	$	115	$	129
Long-term environmental remediation		456		461
Total environmental remediation	$	571	$	590

Schedule of On-Site and Off-Site Components of Accrued Environmental Remediation Liabilities Related to PFAS

The following table sets forth the on-site and off-site components of the Company’s accrued environmental remediation liabilities related to PFAS at Fayetteville at December 31, 2024 and 2023.


	December 31,
	2024		2023
On-site remediation	$	188	$	208
Off-site groundwater remediation		163		175
Total Fayetteville environmental remediation	$	351	$	383

Schedule of Current and Long-term Components of Accrued Environmental Remediation Liabilities

The following table sets forth the current and long-term components of the Company’s accrued environmental remediation liabilities related to PFAS at Fayetteville at December 31, 2024 and 2023.


	December 31,
	2024		2023
Current environmental remediation	$	68	$	76
Long-term environmental remediation		283		307
Total Fayetteville environmental remediation	$	351	$	383