Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Restructuring, Impairment and Plant Closing Costs (Tables)

v3.22.2
Note 7 - Restructuring, Impairment and Plant Closing Costs (Tables)
6 Months Ended
Jun. 30, 2022
Notes Tables  
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]
   

Workforce reductions

    Non-cancelable lease and contract termination costs    

Other restructuring costs

   

Total

 

Accrued liabilities as of January 1, 2022

  $ 28     $ 2     $ 1     $ 31  

2022 charges for 2021 and prior initiatives

    21             3       24  

2022 payments for 2021 and prior initiatives

    (8 )           (4 )     (12 )

Accrued liabilities as of June 30, 2022

  $ 41     $ 2     $     $ 43  
Schedule of Restructuring Reserve By Type of Cost and Segment [Table Text Block]
           

Performance

   

Advanced

   

Textile

   

Corporate

         
   

Polyurethanes

   

Products

   

Materials

   

Effects

   

and Other

   

Total

 

Accrued liabilities as of January 1, 2022

  $ 9     $ 1     $ 5     $ 5     $ 11     $ 31  

2022 (credits) charges for 2021 and prior initiatives

    7                         17       24  

2022 payments for 2021 and prior initiatives

    (4 )           (1 )     (2 )     (5 )     (12 )

Accrued liabilities as of June 30, 2022

  $ 12     $ 1     $ 4     $ 3     $ 23     $ 43  
                                                 

Current portion of restructuring reserves

  $ 12     $ 1     $ 4     $     $ 15     $ 32  

Long-term portion of restructuring reserves

                      3       8       11  
Schedule of Cash and Noncash Restructuring Charges By Type of Initiative [Table Text Block]
   

Three months

   

Six Months

 
   

ended

   

ended

 
   

June 30,

   

June 30,

 
   

2022

   

2021

   

2022

   

2021

 

Cash charges:

                               

2022 charges for 2021 and prior initiatives

  $ 24     $     $ 24     $  

2021 charges for 2020 and prior initiatives

          4             18  

2021 charges for 2021 initiatives

                      2  

Noncash charges:

                               

Other noncash charges

          7             15  

Total restructuring, impairment and plant closing costs

  $ 24     $ 11     $ 24     $ 35