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Segment Financial Data | 3 Months Ended
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Mar. 31, 2026
Segment Reporting [Abstract] |
Segment Financial Data | Segment Financial Data The Company globally manages its business operations through two reportable business segments. Segment information is consistent with how the President and Chief Executive Officer of Solstice Advanced Materials, who is the Chief Operating Decision Maker (“CODM”), and management reviews the businesses, makes investing and resource allocation decisions, and assesses operating performance. The Company manages and reports its operating results through its two reportable segments: (i) Refrigerants & Applied Solutions and (ii) Electronic & Specialty Materials, in accordance with ASC 280, Segment Reporting. The remainder of the Business’s operations are presented in Corporate and All Other, which is not a reportable business segment. The CODM evaluates segment performance based on segment adjusted EBITDA, by comparing budget-to-actual and period-over-period results. Segment Adjusted EBITDA is defined as segment net income excluding income taxes, general corporate unallocated expense, depreciation, amortization, interest and other financial charges, remeasurement of foreign currencies, stock-based compensation expense, nonoperating pension expense (income), transaction-related costs, repositioning charges, asset retirement obligations accretion, asset impairment charges, litigation costs and insurance settlements (net of recoveries), gains and losses on disposal of assets, and certain other items that are otherwise of an unusual or non-recurring nature. The below table summarizes information about segment revenues, significant segment expenses and other segment items, for each historical period:
| For The Three Months Ended March 31,
| 2026 |  | 2025
| Refrigerants & Applied Solutions |  | Electronic & Specialty Materials |  | Refrigerants & Applied Solutions |  | Electronic & Specialty Materials
Net sales |  |  |  |  |  |  |
Products | $ | 634 |  |  | $ | 281 |  |  | $ | 577 |  |  | $ | 261 |
Services | 77 |  |  | — |  |  | 59 |  |  | — |
Total Net sales | 711 |  |  | 281 |  |  | 636 |  |  | 261 |
Less |  |  |  |  |  |  |
Cost of products and services sold 1 | 459 |  |  | 210 |  |  | 387 |  |  | 193 |
Selling, general and administrative expenses 2 | 37 |  |  | 19 |  |  | 32 |  |  | 21 |
Research & development expenses | 18 |  |  | 10 |  |  | 13 |  |  | 9 |
Other segment items 3 | (2) |  |  | (2) |  |  | (4) |  |  | (2) |
Add |  |  |  |  |  |  |
Depreciation | 39 |  |  | 14 |  |  | 36 |  |  | 12 |
Amortization | 4 |  |  | — |  |  | 6 |  |  | 1 |
Segment Adjusted EBITDA | $ | 242 |  |  | $ | 58 |  |  | $ | 250 |  |  | $ | 53 |
__________________ 1.Amounts exclude ARO accretion, repositioning charges, and other non-recurring items. 2.Amounts exclude stock-based compensation expense, transaction costs, nonoperating pension expense (income), repositioning charges, and other non-recurring items. 3.Other segment items primarily consisted of gains and losses from segment-related equity-method investments. A reconciliation of segment adjusted EBITDA to Net income attributable to Solstice Advanced Materials is as follows:
| For The Three Months Ended March 31, |  |
| 2026 |  | 2025 |  |  |  |
Refrigerants & Applied Solutions | $ | 242 |  |  | $ | 250 |  |  |  |  |
Electronic & Specialty Materials | 58 |  |  | 53 |  |  |  |  |
Segment Adjusted EBITDA | $ | 301 |  |  | $ | 303 |  |  |  |  |
Corporate and All Other | (52) |  |  | (32) |  |  |  |  |
Adjusted EBITDA | $ | 249 |  |  | $ | 271 |  |  |  |  |
Depreciation | (53) |  |  | (50) |  |  |  |  |
Amortization | (6) |  |  | (7) |  |  |  |  |
Interest and other financial charges | (29) |  |  | (1) |  |  |  |  |
Other adjustments 1 | 2 |  |  | 8 |  |  |  |  |
Stock-based compensation expense | (5) |  |  | (6) |  |  |  |  |
Transaction-related costs | (23) |  |  | (28) |  |  |  |  |
Income tax expense | (31) |  |  | (47) |  |  |  |  |
Net income | $ | 105 |  |  | $ | 140 |  |  |  |  |
Less: Net income attributable to noncontrolling interest | 20 |  |  | 6 |  |  |  |  |
Net income attributable to Solstice Advanced Materials | $ | 85 |  |  | $ | 134 |  |  |  |  |
__________________ 1.Other adjustments primarily consisted of gains and losses from disposal of long-lived assets, remeasurement of foreign currencies, environmental reserves, asset retirement obligations, nonoperating pension expense (income), and certain legal costs, net of recoveries.
| March 31, 2026 |  | December 31, 2025
Total assets reconciliation |  |  |
Refrigerants & Applied Solutions | $ | 3,433 |  |  | $ | 3,490 |
Electronic & Specialty Materials | 1,498 |  |  | 1,471 |
Corporate and All Other | 817 |  |  | 712 |
Total assets | $ | 5,748 |  |  | $ | 5,673 |
| For The Three Months Ended March 31,
| 2026 |  | 2025
Capital expenditures |  |  |
Refrigerants & Applied Solutions | $ | 43 |  |  | $ | 39 |
Electronic & Specialty Materials | 37 |  |  | 22 |
Corporate and All Other | 2 |  |  | 1 |
Total 1 | $ | 82 |  |  | $ | 62 |
__________________ 1.Unpaid capital expenditures were $117 million and $39 million as of March 31, 2026 and March 31, 2025, respectively.

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- Definition The entire disclosure for reporting segments including data and tables. 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