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Note 20 - Operating Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Notes Tables  
Segment Reporting [Table Text Block]
  

Three months ended June 30, 2026

 
  

Polyurethanes

  

Performance Products

  

Advanced Materials

  

Total

 

Revenues:

                

Reportable segments’ revenues(1)

 $1,079  $283  $313  $1,675 
                 

Significant segment expenses:

                

Variable direct costs(2)

  810   158   143   1,111 

Adjusted fixed costs(3)

  203   88   108   399 

Other segment items(4)

  —   —   (2)  (2)

Total reportable segments’ adjusted EBITDA(5)

 $66  $37  $64   167 
                 

Reconciliation of total reportable segments’ adjusted EBITDA to income from continuing operations before income taxes:

                

Interest expense, net

              (23)

Depreciation and amortization

              (77)

Corporate and other costs, net(6)

              (47)

Net income attributable to noncontrolling interests

              13 

Other adjustments:

                

Certain legal and other settlements and related expenses, net

              (7)

Gain on sale of business/assets, net(7)

              22 

Expenses associated with the proposed merger

              (5)

Amortization of pension and postretirement actuarial losses

              (7)

Restructuring, impairment and plant closing and transition costs(8)

              (10)

Income from continuing operations before income taxes

              26 
                 

Income tax expense—continuing operations

              (17)

Loss from discontinued operations, net of tax

              (2)

Net income

             $7 
  

Three months ended June 30, 2025

 
  

Polyurethanes

  

Performance Products

  

Advanced Materials

  

Total

 

Revenues:

                

Reportable segments’ revenues(1)

 $932  $270  $264  $1,466 
                 

Significant segment expenses:

                

Variable direct costs(2)

  700   146   123   969 

Adjusted fixed costs(3)

  198   95   100   393 

Other segment items(4)

  3   (3)  (4)  (4)

Total reportable segments’ adjusted EBITDA(5)

 $31  $32  $45   108 
                 

Reconciliation of total reportable segments’ adjusted EBITDA to loss from continuing operations before income taxes:

                

Interest expense, net

              (21)

Depreciation and amortization

              (72)

Corporate and other costs, net(6)

              (34)

Net income attributable to noncontrolling interests

              13 

Other adjustments:

                

Certain legal and other settlements and related expenses, net

              (1)

Amortization of pension and postretirement actuarial losses

              (7)

Restructuring, impairment and plant closing and transition costs(8)

              (125)

Loss from continuing operations before income taxes

              (139)
                 

Income tax expense—continuing operations

              (7)

Income from discontinued operations, net of tax

              1 

Net loss

             $(145)
  

Six months ended June 30, 2026

 
  

Polyurethanes

  

Performance Products

  

Advanced Materials

  

Total

 

Revenues:

                

Reportable segments’ revenues(1)

 $2,002  $511  $592  $3,105 
                 

Significant segment expenses:

                

Variable direct costs(2)

  1,508   284   274   2,066 

Adjusted fixed costs(3)

  388   165   216   769 

Other segment items(4)

  1   (1)  (7)  (7)

Total reportable segments’ adjusted EBITDA(5)

 $105  $63  $109   277 
                 

Reconciliation of total reportable segments’ adjusted EBITDA to loss from continuing operations before income taxes:

                

Interest expense, net

              (44)

Depreciation and amortization

              (150)

Corporate and other costs, net(6)

              (84)

Net income attributable to noncontrolling interests

              25 

Other adjustments:

                

Certain legal and other settlements and related income, net

              (11)

Gain on sale of business/assets, net(7)

              22 

Expenses associated with the proposed merger

              (5)

Loss on early extinguishment of debt

              (1)

Amortization of pension and postretirement actuarial losses

              (14)

Restructuring, impairment and plant closing and transition costs(8)

              (18)

Loss from continuing operations before income taxes

              (3)
                 

Income tax expense—continuing operations

              (28)

Loss from discontinued operations, net of tax

              (3)

Net loss

             $(34)
  

Six months ended June 30, 2025

 
  

Polyurethanes

  

Performance Products

  

Advanced Materials

  

Total

 

Revenues:

                

Reportable segments’ revenues(1)

 $1,844  $527  $513  $2,884 
                 

Significant segment expenses:

                

Variable direct costs(2)

  1,382   283   239   1,904 

Adjusted fixed costs(3)

  384   179   201   764 

Other segment items(4)

  5   3   (8)  — 

Total reportable segments’ adjusted EBITDA(5)

 $73  $62  $81   216 
                 

Reconciliation of total reportable segments’ adjusted EBITDA to loss from continuing operations before income taxes:

                

Interest expense, net

              (40)

Depreciation and amortization

              (141)

Corporate and other costs, net(6)

              (70)

Net income attributable to noncontrolling interests

              29 

Other adjustments:

                

Business acquisition and integration gain and purchase accounting inventory adjustments, net

              5 

Certain legal and other settlements and related income, net(9)

              32 

Amortization of pension and postretirement actuarial losses

              (14)

Restructuring, impairment and plant closing and transition costs(8)

              (129)

Loss from continuing operations before income taxes

              (112)
                 

Income tax expense—continuing operations

              (22)

Income from discontinued operations, net of tax

              — 

Net loss

             $(134)
  

Three months ended June 30, 2026

 
  

Polyurethanes

  

Performance Products

  

Advanced Materials

  

Total

 

Revenues:

                

Reportable segments’ revenues(1)

 $1,079  $283  $313  $1,675 
                 

Significant segment expenses:

                

Variable direct costs(2)

  810   158   143   1,111 

Adjusted fixed costs(3)

  203   88   108   399 

Other segment items(4)

  —   —   (2)  (2)

Total reportable segments’ adjusted EBITDA(5)

 $66  $37  $64   167 
                 

Reconciliation of total reportable segments’ adjusted EBITDA to income from continuing operations before income taxes:

                

Interest expense, net

              (23)

Depreciation and amortization

              (77)

Corporate and other costs, net(6)

              (47)

Net income attributable to noncontrolling interests

              13 

Other adjustments:

                

Certain legal and other settlements and related expenses, net

              (7)

Gain on sale of business/assets, net(7)

              22 

Expenses associated with the proposed merger

              (5)

Amortization of pension and postretirement actuarial losses

              (7)

Restructuring, impairment and plant closing and transition costs(8)

              (10)

Income from continuing operations before income taxes

              26 
                 

Income tax expense—continuing operations

              (17)

Loss from discontinued operations, net of tax

              (2)

Net income

             $7 
  

Three months ended June 30, 2025

 
  

Polyurethanes

  

Performance Products

  

Advanced Materials

  

Total

 

Revenues:

                

Reportable segments’ revenues(1)

 $932  $270  $264  $1,466 
                 

Significant segment expenses:

                

Variable direct costs(2)

  700   146   123   969 

Adjusted fixed costs(3)

  198   95   100   393 

Other segment items(4)

  3   (3)  (4)  (4)

Total reportable segments’ adjusted EBITDA(5)

 $31  $32  $45   108 
                 

Reconciliation of total reportable segments’ adjusted EBITDA to loss from continuing operations before income taxes:

                

Interest expense, net

              (21)

Depreciation and amortization

              (72)

Corporate and other costs, net(6)

              (34)

Net income attributable to noncontrolling interests

              13 

Other adjustments:

                

Certain legal and other settlements and related income, net

              (1)

Amortization of pension and postretirement actuarial losses

              (7)

Restructuring, impairment and plant closing and transition costs(8)

              (125)

Loss from continuing operations before income taxes

              (139)
                 

Income tax expense—continuing operations

              (5)

Income from discontinued operations, net of tax

              1 

Net loss

             $(143)
  

Six months ended June 30, 2026

 
  

Polyurethanes

  

Performance Products

  

Advanced Materials

  

Total

 

Revenues:

                

Reportable segments’ revenues(1)

 $2,002  $511  $592  $3,105 
                 

Significant segment expenses:

                

Variable direct costs(2)

  1,508   284   274   2,066 

Adjusted fixed costs(3)

  388   165   216   769 

Other segment items(4)

  1   (1)  (7)  (7)

Total reportable segments’ adjusted EBITDA(5)

 $105  $63  $109   277 
                 

Reconciliation of total reportable segments’ adjusted EBITDA to loss from continuing operations before income taxes:

                

Interest expense, net

              (44)

Depreciation and amortization

              (150)

Corporate and other costs, net(6)

              (82)

Net income attributable to noncontrolling interests

              25 

Other adjustments:

                

Certain legal and other settlements and related income, net

              (11)

Gain on sale of business/assets, net(7)

              22 

Expenses associated with the proposed merger

              (5)

Loss on early extinguishment of debt

              (1)

Amortization of pension and postretirement actuarial losses

              (14)

Restructuring, impairment and plant closing and transition costs(8)

              (18)

Loss from continuing operations before income taxes

              (1)
                 

Income tax expense—continuing operations

              (28)

Loss from discontinued operations, net of tax

              (3)

Net loss

             $(32)
  

Six months ended June 30, 2025

 
  

Polyurethanes

  

Performance Products

  

Advanced Materials

  

Total

 

Revenues:

                

Reportable segments’ revenues(1)

 $1,844  $527  $513  $2,884 
                 

Significant segment expenses:

                

Variable direct costs(2)

  1,382   283   239   1,904 

Adjusted fixed costs(3)

  384   179   201   764 

Other segment items(4)

  5   3   (8)  — 

Total reportable segments’ adjusted EBITDA(5)

 $73  $62  $81   216 
                 

Reconciliation of total reportable segments’ adjusted EBITDA to loss from continuing operations before income taxes:

                

Interest expense, net

              (40)

Depreciation and amortization

              (141)

Corporate and other costs, net(6)

              (68)

Net income attributable to noncontrolling interests

              29 

Other adjustments:

                

Business acquisition and integration gain and purchase accounting inventory adjustments, net

              5 

Certain legal and other settlements and related income, net(9)

              32 

Amortization of pension and postretirement actuarial losses

              (14)

Restructuring, impairment and plant closing and transition costs(8)

              (129)

Loss from continuing operations before income taxes

              (110)
                 

Income tax expense—continuing operations

              (22)

Income from discontinued operations, net of tax

              — 

Net loss

             $(132)
Segment Reporting, Reconciliation of Asset by Segment to Consolidated [Table Text Block]
  

June 30,

  

December 31,

 
  

2026

  

2025

 

Total assets:

        

Polyurethanes

 $4,204  $4,045 

Performance Products

  1,201   1,185 

Advanced Materials

  1,143   1,095 

Total reportable segments’ total assets

  6,548   6,325 

Corporate and other

  642   690 

Total

 $7,190  $7,015 
  Six months ended
  June 30,
  

2026

  

2025

 

Depreciation and amortization:

        

Polyurethanes

 $87  $79 

Performance Products

  33   32 

Advanced Materials

  25   25 

Total reportable segments’ depreciation and amortization

  145   136 

Corporate and other

  5   5 

Total

 $150  $141 
  Six months ended
  June 30,
  

2026

  

2025

 

Capital expenditures:

        

Polyurethanes

 $40  $34 

Performance Products

  13   28 

Advanced Materials

  13   10 

Total reportable segments’ capital expenditures

  66   72 

Corporate and other

  2   1 

Total

 $68  $73