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Segment Information (Tables)
 3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
Three Months Ended March 31,
In millions20232022
Net sales
Performance Materials$141.4 $148.4 
Performance Chemicals185.6 172.6 
Advanced Polymer Technologies65.6 61.8 
Total net sales (1)
$392.6 $382.8 
Segment EBITDA (2)
Performance Materials$69.8 $77.9 
Performance Chemicals20.3 30.8 
Advanced Polymer Technologies13.8 10.3 
Total Segment EBITDA (2)
$103.9 $119.0 
Interest expense, net(19.6)(10.7)
(Provision) benefit for income taxes(13.4)(16.8)
Depreciation and amortization - Performance Materials(10.0)(9.0)
Depreciation and amortization - Performance Chemicals(13.8)(10.2)
Depreciation and amortization - Advanced Polymer Technologies(7.3)(7.9)
Restructuring and other income (charges), net (3)
(5.6)(3.6)
Acquisition and other-related costs (4)
(2.7)— 
Gain on sale of strategic investment (5)
19.2 — 
Net income (loss) $50.7 $60.8 
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(1) Relates to external customers only, all intersegment sales and related profit have been eliminated in consolidation.
(2) Segment EBITDA is the primary measure used by our chief operating decision maker to evaluate the performance of and allocate
resources among our operating segments. Segment EBITDA is defined as segment revenue less segment operating expenses (segment operating expenses consist of costs of sales, selling, general and administrative expenses, research and technical expenses, other (income) expense, net, excluding depreciation and amortization). We have excluded the following items from segment EBITDA: interest expense, net, associated with corporate debt facilities, income taxes, depreciation, amortization, restructuring and other (income) charges, net, acquisition and other related costs, litigation verdict charges, (losses) and gains from the sale of strategic investments, and pension and postretirement settlement and curtailment (income) charges, net.
(3) For the three months ended March 31, 2023, charges of $1.7 million relate to the Performance Materials segment, charges of $3.1 million relate to the Performance Chemicals segment, and charges of $0.8 million relate to the Advanced Polymer Technologies segment. For the three months ended March 31, 2022, charges of $1.3 million relate to the Performance Materials segment, charges of $1.8 million relate to the Performance Chemicals segment, and charges of $0.5 million relate to the Advanced Polymer Technologies segment. For more detail on the charges incurred see Note 11.
(4) For the three months ended March 31, 2023, all charges relate to the acquisition and integration of Ozark Materials into the Performance Chemicals segment. For more detail see Note 16.
(5) For the three months ended March 31, 2023, gain on sale of strategic investment relates to the Performance Materials segment. For more detail see Note 4.