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Segment Financial Data (Tables)

3 Months Ended

Mar. 31, 2026

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:

			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 sold1			459						210						387						193
Selling, general and administrative expenses2			37						19						32						21
Research & development expenses			18						10						13						9
Other segment items3			(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 adjustments1			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.

Schedule of Segment Reporting Information, by Segment

			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
Total1			$	82					$	62

__________________

1.Unpaid capital expenditures were $117 million and $39 million as of March 31, 2026 and March 31, 2025, respectively.

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

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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
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-Name Accounting Standards Codification
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-Section 50
-Paragraph 30
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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