Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Restructuring, Impairment and Plant Closing Costs (Tables)

v3.23.2
Note 6 - Restructuring, Impairment and Plant Closing Costs (Tables)
6 Months Ended
Jun. 30, 2023
Notes Tables  
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]
   

Workforce reductions

   

Other restructuring costs

   

Total

 

Accrued liabilities as of January 1, 2023

  $ 76     $     $ 76  

(Credits) charges

    (6 )     6        

Payments

    (31 )     (6 )     (37 )

Accrued liabilities as of June 30, 2023

  $ 39     $     $ 39  
Schedule of Restructuring Reserve By Type of Cost and Segment [Table Text Block]
           

Performance

   

Advanced

   

Corporate

         
   

Polyurethanes

   

Products

   

Materials

   

and other

   

Total

 

Accrued liabilities as of January 1, 2023

  $ 24     $ 5     $ 10     $ 37     $ 76  

Charges (credits)

    1       2       4       (7 )      

Payments

    (11 )     (2 )     (7 )     (17 )     (37 )

Accrued liabilities as of June 30, 2023

  $ 14     $ 5     $ 7     $ 13     $ 39  
                                         

Current portion of restructuring reserves

  $ 13     $ 5     $ 6     $ 13     $ 37  

Long-term portion of restructuring reserves

    1             1             2  
Schedule of Cash and Noncash Restructuring Charges By Type of Initiative [Table Text Block]
   

Three months

   

Six Months

 
   

ended

   

ended

 
   

June 30,

   

June 30,

 
   

2023

   

2022

   

2023

   

2022

 

Cash charges

  $ 7     $ 24     $     $ 24  

Noncash charges:

                               

Other noncash charges

    1             1        

Total restructuring, impairment and plant closing costs

  $ 8     $ 24     $ 1     $ 24