XML 53 R33.htm IDEA: XBRL DOCUMENT v3.25.3

Segment Financial Data (Tables)

9 Months Ended

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 items1			(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 items1			(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 adjustments1			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

X

- 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

Name:	us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration