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Segment Financial Data (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Reporting [Abstract] |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated | The below table summarizes information about segment revenues, significant segment expenses and other segment items, for each historical period:
| Three Months Ended September 30,
| 2025 |  | 2024
| Refrigerants & Applied Solutions |  | Electronic & Specialty Materials |  | Refrigerants & Applied Solutions |  | Electronic & Specialty Materials
Net sales |  |  |  |  |  |  |
Products | 623 |  |  | 282 |  |  | 566 |  |  | 277 |
Services | 64 |  |  | — |  |  | 64 |  |  | — |
Total Net sales | 687 |  |  | 282 |  |  | 630 |  |  | 277 |
Less |  |  |  |  |  |  |
Cost of products and services sold | 444 |  |  | 214 |  |  | 370 |  |  | 204 |
Selling, general and administrative expenses | 25 |  |  | 21 |  |  | 41 |  |  | 20 |
Research & development expenses | 16 |  |  | 9 |  |  | 12 |  |  | 9 |
Other segment items 1 | (2) |  |  | (2) |  |  | (3) |  |  | (2) |
Add |  |  |  |  |  |  |
Depreciation | 36 |  |  | 7 |  |  | 34 |  |  | 8 |
Amortization | 3 |  |  | — |  |  | 6 |  |  | 1 |
Segment Adjusted EBITDA | $ | 243 |  |  | $ | 47 |  |  | $ | 250 |  |  | $ | 55 |
__________________ 1.Other segment items primarily consisted of gains and losses from segment-related equity-method investments.
| Nine Months Ended September 30,
| 2025 |  | 2024
| Refrigerants & Applied Solutions |  | Electronic & Specialty Materials |  | Refrigerants & Applied Solutions |  | Electronic & Specialty Materials
Net sales |  |  |  |  |  |  |
Products | 1,867 |  |  | 820 |  |  | 1,839 |  |  | 782 |
Services | 212 |  |  | — |  |  | 236 |  |  | — |
Total Net sales | 2,079 |  |  | 820 |  |  | 2,075 |  |  | 782 |
Less |  |  |  |  |  |  |
Cost of products and services sold | 1,286 |  |  | 623 |  |  | 1,266 |  |  | 590 |
Selling, general and administrative expenses | 94 |  |  | 59 |  |  | 107 |  |  | 57 |
Research & development expenses | 44 |  |  | 26 |  |  | 35 |  |  | 25 |
Other segment items 1 | (9) |  |  | (5) |  |  | (9) |  |  | (5) |
Add |  |  |  |  |  |  |
Depreciation | 115 |  |  | 33 |  |  | 98 |  |  | 27 |
Amortization | 12 |  |  | 2 |  |  | 32 |  |  | 2 |
Segment Adjusted EBITDA | $ | 791 |  |  | $ | 152 |  |  | $ | 806 |  |  | $ | 144 |
__________________ 1.Other segment items primarily consisted of gains and losses from segment-related equity-method investments. A reconciliation of segment adjusted EBITDA to Net (loss) income attributable to Solstice Advanced Materials is as follows:
| For The Three Months Ended September 30, |  | For The Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Refrigerants & Applied Solutions | $ | 243 |  |  | $ | 250 |  |  | $ | 791 |  |  | $ | 806 |
Electronic & Specialty Materials | 47 |  |  | 55 |  |  | 152 |  |  | 144 |
Segment Adjusted EBITDA | $ | 290 |  |  | $ | 305 |  |  | $ | 943 |  |  | $ | 950 |
Corporate and All Other | (54) |  |  | (33) |  |  | (132) |  |  | (113) |
Depreciation | (46) |  |  | (42) |  |  | (151) |  |  | (126) |
Amortization | (4) |  |  | (7) |  |  | (15) |  |  | (35) |
Interest and other financial charges | (2) |  |  | (3) |  |  | (5) |  |  | (11) |
Other adjustments 1 | 29 |  |  | (16) |  |  | 30 |  |  | (25) |
Stock compensation expense | (8) |  |  | (4) |  |  | (19) |  |  | (13) |
Transaction-related costs | (32) |  |  | (3) |  |  | (90) |  |  | (6) |
Income tax expense | (182) |  |  | (49) |  |  | (330) |  |  | (150) |
Net (loss) income | $ | (9) |  |  | $ | 148 |  |  | $ | 231 |  |  | $ | 471 |
Less: Net income (loss) attributable to noncontrolling interest | 26 |  |  | (4) |  |  | 35 |  |  | 10 |
Net (loss) income attributable to Solstice Advanced Materials | $ | (35) |  |  | $ | 152 |  |  | $ | 196 |  |  | $ | 461 |
__________________ 1.Other adjustments primarily consisted of gains and losses from foreign currency, environmental reserves, asset retirement obligations, pensions expenses, and certain legal costs, net of recoveries.
Schedule of Segment Reporting Information, by Segment |
| September 30, 2025 |  | December 31, 2024
Total assets reconciliation |  |  |
Refrigerants & Applied Solutions | $ | 3,555 |  |  | $ | 3,157 |
Electronic & Specialty Materials | 1,466 |  |  | 1,192 |
Corporate and All Other | 226 |  |  | 655 |
Total assets | $ | 5,247 |  |  | $ | 5,004 |
| For The Nine Months Ended September 30,
| 2025 |  | 2024
Capital expenditures |  |  |
Refrigerants & Applied Solutions | $ | 150 |  |  | $ | 153 |
Electronic & Specialty Materials | 98 |  |  | 43 |
Corporate and All Other | — |  |  | 5 |
Total | $ | 248 |  |  | $ | 201 |

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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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