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v3.26.1

Restructuring and Other Charges (Tables) | 6 Months Ended
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Jun. 30, 2026
Restructuring and Related Activities [Abstract] |
Schedule of Restructuring and Related Costs | The following table summarizes the impact of the charges as a result of this action on the unaudited Condensed Consolidated Statements of Operations for the three months ended June 30, 2026 and 2025:
| Severance and employee benefits (1) |  | Idling Activities (2) |  | Asset retirement obligation adjustments |  | Environmental liability |  | Contract abandonment and other changes |  | Total cash charges |  | Asset disposal (3) |  | Other non-cash charges |  | Total non-cash charges |  | Total restructuring and other charges
Botlek closure | $ | 1 |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2 |
Fuzhou closure | 1 |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 2 |  |  | — |  |  | — |  |  | — |  |  | 2 |
Three Months Ended June 30, 2026 | $ | 2 |  |  | $ | 2 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 4 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 4 |
| Severance and employee benefits (1) |  | Idling Activities (2) |  | Asset retirement obligation adjustments |  | Environmental liability |  | Contract abandonment and other changes |  | Total cash charges |  | Asset disposal (3) |  | Other non-cash charges |  | Total non-cash charges |  | Total restructuring and other charges
Botlek closure | $ | 9 |  |  | $ | 24 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 33 |  |  | $ | 9 |  |  | $ | — |  |  | $ | 9 |  |  | $ | 42 |
Three Months Ended June 30, 2025 | $ | 9 |  |  | $ | 24 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 33 |  |  | $ | 9 |  |  | $ | — |  |  | $ | 9 |  |  | $ | 42 |
(1) Represents severance that is statutorily required by law as well as any incremental enhancements that are provided by the respective actions. (2) Represents decommissioning and idling activities and are expensed as incurred. (3) Represents asset write-offs and accelerated depreciation. The following table summarizes the impact of the charges as a result of this action on the unaudited Condensed Consolidated Statements of Operations for the six months ended June 30, 2026 and 2025:
| Severance and employee benefits (1) |  | Idling Activities (2) |  | Asset retirement obligation adjustments |  | Environmental liability |  | Contract abandonment and other changes |  | Total cash charges |  | Asset disposal (3) |  | Other non-cash charges |  | Total non-cash charges |  | Total restructuring and other charges
Botlek closure | $ | 2 |  |  | $ | 5 |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | 8 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 3 |  |  | $ | 11 |
Fuzhou closure | 4 |  |  | 3 |  |  | — |  |  | — |  |  | — |  |  | 7 |  |  | — |  |  | — |  |  | — |  |  | 7 |
Six Months Ended June 30, 2026 | $ | 6 |  |  | $ | 8 |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |  |  | $ | 15 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 3 |  |  | $ | 18 |
| Severance and employee benefits (1) |  | Idling Activities (2) |  | Asset retirement obligation adjustments |  | Environmental liability |  | Contract abandonment and other changes |  | Total cash charges |  | Asset disposal (3) |  | Other non-cash charges |  | Total non-cash charges |  | Total restructuring and other charges
Botlek closure | $ | 17 |  |  | $ | 30 |  |  | $ | 11 |  |  | $ | — |  |  | $ | 7 |  |  | $ | 65 |  |  | $ | 62 |  |  | $ | 1 |  |  | $ | 63 |  |  | $ | 128 |
Six Months Ended June 30, 2025 | $ | 17 |  |  | $ | 30 |  |  | $ | 11 |  |  | $ | — |  |  | $ | 7 |  |  | $ | 65 |  |  | $ | 62 |  |  | $ | 1 |  |  | $ | 63 |  |  | $ | 128 |
(1) Represents severance that is statutorily required by law as well as any incremental enhancements that are provided by the respective actions. (2) Represents decommissioning and idling activities and are expensed as incurred. (3) Represents asset write-offs and accelerated depreciation.
Schedule of Liability Balance for Restructuring Plan | The following table shows a rollforward of restructuring and other charges reserves resulting in cash spending. These amounts exclude asset retirement obligations and environmental liability, which are included in "Asset retirement obligations" and "Environmental liabilities", respectively, on the unaudited Condensed Consolidated Balance Sheets:
| Balance at January 1, 2026 |  | Changes in Reserves |  | Cash Payments |  | Foreign currency translation and other |  | Balance at June 30, 2026
Botlek closure | $ | 16 |  |  | $ | 8 |  |  | $ | (13) |  |  | $ | — |  |  | $ | 11 |
Fuzhou closure | 12 |  |  | 4 |  |  | (16) |  |  | — |  |  | — |
Total | $ | 28 |  |  | $ | 12 |  |  | $ | (29) |  |  | $ | — |  |  | $ | 11 |
| Balance at January 1, 2025 |  | Changes in Reserves |  | Cash Payments |  | Foreign currency translation and other |  | Balance at June 30, 2025
Botlek closure | $ | — |  |  | $ | 53 |  |  | $ | (27) |  |  | $ | 2 |  |  | $ | 28 |
Total | $ | — |  |  | $ | 53 |  |  | $ | (27) |  |  | $ | 2 |  |  | $ | 28 |

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.b.2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 + Details
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