Quarterly report pursuant to Section 13 or 15(d)

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

v3.24.1.u1
Note 7 - Restructuring, Impairment and Plant Closing Costs (Tables)
3 Months Ended
Mar. 31, 2024
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, 2024

  $ 27     $     $ 27  

Charges

    6       2       8  

Payments

    (15 )     (2 )     (17 )

Accrued liabilities as of March 31, 2024

  $ 18     $     $ 18  
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, 2024

  $ 8     $ 7     $ 4     $ 8     $ 27  

Charges

    2             6             8  

Payments

    (7 )     (2 )     (4 )     (4 )     (17 )

Accrued liabilities as of March 31, 2024

  $ 3     $ 5     $ 6     $ 4     $ 18  
                                         

Current portion of restructuring reserves

  $ 3     $ 5     $ 3     $ 4     $ 15  

Long-term portion of restructuring reserves

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

Three months

 
   

ended

 
   

March 31,

 
   

2024

   

2023

 

Cash charges (credits)

  $ 8     $ (7 )

Noncash charges:

               

Accelerated depreciation

    3        

Total restructuring, impairment and plant closing costs (credits)

  $ 11     $ (7 )