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Note 11 - Revenue Recognition | 6 Months Ended
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Jun. 30, 2026
Notes to Financial Statements |
Revenue from Contract with Customer [Text Block] | 11. REVENUE RECOGNITION​ The following tables disaggregate our revenue by major source for the three months ended June 30, 2026 and 2025 (dollars in millions):
|  |  |  |  |  | Performance |  |  | Advanced |  |  | Corporate and |  |  |  |  |
2026 |  | Polyurethanes |  |  | Products |  |  | Materials |  |  | eliminations |  |  | Total |
Primary geographic markets(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. and Canada |  | $ | 442 |  |  | $ | 137 |  |  | $ | 83 |  |  | $ | (4 | ) |  | $ | 658 |
Europe |  |  | 267 |  |  |  | 56 |  |  |  | 123 |  |  |  | (5 | ) |  |  | 441 |
Asia Pacific |  |  | 300 |  |  |  | 67 |  |  |  | 82 |  |  |  | (1 | ) |  |  | 448 |
Rest of world |  |  | 70 |  |  |  | 23 |  |  |  | 25 |  |  |  | (2 | ) |  |  | 116 |
|  | $ | 1,079 |  |  | $ | 283 |  |  | $ | 313 |  |  | $ | (12 | ) |  | $ | 1,663 |
Major product groupings |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Diversified |  | $ | 1,079 |  |  | $ | 283 |  |  |  |  |  |  |  |  |  |  | $ | 1,362 |
Specialty |  |  |  |  |  |  |  |  |  | $ | 300 |  |  |  |  |  |  |  | 300 |
Other |  |  |  |  |  |  |  |  |  |  | 13 |  |  |  |  |  |  |  | 13 |
Eliminations |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (12 | ) |  |  | (12 | )
|  | $ | 1,079 |  |  | $ | 283 |  |  | $ | 313 |  |  | $ | (12 | ) |  | $ | 1,663 |
|  |  |  |  |  | Performance |  |  | Advanced |  |  | Corporate and |  |  |  |  |
2025 |  | Polyurethanes |  |  | Products |  |  | Materials |  |  | eliminations |  |  | Total |
Primary geographic markets(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. and Canada |  | $ | 369 |  |  | $ | 127 |  |  | $ | 69 |  |  | $ | (3 | ) |  | $ | 562 |
Europe |  |  | 242 |  |  |  | 47 |  |  |  | 102 |  |  |  | (4 | ) |  |  | 387 |
Asia Pacific |  |  | 262 |  |  |  | 72 |  |  |  | 73 |  |  |  | (1 | ) |  |  | 406 |
Rest of world |  |  | 59 |  |  |  | 24 |  |  |  | 20 |  |  |  | — |  |  |  | 103 |
|  | $ | 932 |  |  | $ | 270 |  |  | $ | 264 |  |  | $ | (8 | ) |  | $ | 1,458 |
Major product groupings |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Diversified |  | $ | 932 |  |  | $ | 270 |  |  |  |  |  |  |  |  |  |  | $ | 1,202 |
Specialty |  |  |  |  |  |  |  |  |  | $ | 252 |  |  |  |  |  |  |  | 252 |
Other |  |  |  |  |  |  |  |  |  |  | 12 |  |  |  |  |  |  |  | 12 |
Eliminations |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (8 | ) |  |  | (8 | )
|  | $ | 932 |  |  | $ | 270 |  |  | $ | 264 |  |  | $ | (8 | ) |  | $ | 1,458 |
(1) | Geographic information for revenues is based upon countries into which product is sold.
The following tables disaggregate our revenue by major source for the six months ended June 30, 2026 and 2025 (dollars in millions):
|  |  |  |  |  | Performance |  |  | Advanced |  |  | Corporate and |  |  |  |  |
2026 |  | Polyurethanes |  |  | Products |  |  | Materials |  |  | eliminations |  |  | Total |
Primary geographic markets(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. and Canada |  | $ | 805 |  |  | $ | 250 |  |  | $ | 156 |  |  | $ | (12 | ) |  | $ | 1,199 |
Europe |  |  | 497 |  |  |  | 101 |  |  |  | 236 |  |  |  | (6 | ) |  |  | 828 |
Asia Pacific |  |  | 567 |  |  |  | 119 |  |  |  | 153 |  |  |  | (2 | ) |  |  | 837 |
Rest of world |  |  | 133 |  |  |  | 41 |  |  |  | 47 |  |  |  | (2 | ) |  |  | 219 |
|  | $ | 2,002 |  |  | $ | 511 |  |  | $ | 592 |  |  | $ | (22 | ) |  | $ | 3,083 |
Major product groupings |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Diversified |  | $ | 2,002 |  |  | $ | 511 |  |  |  |  |  |  |  |  |  |  |  | 2,513 |
Specialty |  |  |  |  |  |  |  |  |  | $ | 565 |  |  |  |  |  |  |  | 565 |
Other |  |  |  |  |  |  |  |  |  |  | 27 |  |  |  |  |  |  |  | 27 |
Eliminations |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (22 | ) |  |  | (22 | )
|  | $ | 2,002 |  |  | $ | 511 |  |  | $ | 592 |  |  | $ | (22 | ) |  | $ | 3,083 |
|  |  |  |  |  | Performance |  |  | Advanced |  |  | Corporate and |  |  |  |  |
2025 |  | Polyurethanes |  |  | Products |  |  | Materials |  |  | eliminations |  |  | Total |
Primary geographic markets(1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. and Canada |  | $ | 725 |  |  | $ | 245 |  |  | $ | 141 |  |  | $ | (6 | ) |  | $ | 1,105 |
Europe |  |  | 457 |  |  |  | 95 |  |  |  | 194 |  |  |  | (8 | ) |  |  | 738 |
Asia Pacific |  |  | 532 |  |  |  | 142 |  |  |  | 139 |  |  |  | (2 | ) |  |  | 811 |
Rest of world |  |  | 130 |  |  |  | 45 |  |  |  | 39 |  |  |  | — |  |  |  | 214 |
|  | $ | 1,844 |  |  | $ | 527 |  |  | $ | 513 |  |  | $ | (16 | ) |  | $ | 2,868 |
Major product groupings |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Diversified |  | $ | 1,844 |  |  | $ | 527 |  |  |  |  |  |  |  |  |  |  | $ | 2,371 |
Specialty |  |  |  |  |  |  |  |  |  | $ | 490 |  |  |  |  |  |  |  | 490 |
Other |  |  |  |  |  |  |  |  |  |  | 23 |  |  |  |  |  |  |  | 23 |
Eliminations |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (16 | ) |  |  | (16 | )
|  | $ | 1,844 |  |  | $ | 527 |  |  | $ | 513 |  |  | $ | (16 | ) |  | $ | 2,868 |
(1) | Geographic information for revenues is based upon countries into which product is sold.

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