Quarterly report pursuant to Section 13 or 15(d)

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

v3.24.3
Note 7 - Restructuring, Impairment and Plant Closing Costs (Tables)
9 Months Ended
Sep. 30, 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

    8       3       11  

Payments

    (23 )     (3 )     (26 )

Accrued liabilities as of September 30, 2024

  $ 12     $     $ 12  
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

    5             6             11  

Payments

    (10 )     (5 )     (6 )     (5 )     (26 )

Accrued liabilities as of September 30, 2024

  $ 3     $ 2     $ 4     $ 3     $ 12  
                                         

Current portion of restructuring reserves

  $ 3     $ 2     $ 1     $ 3     $ 9  

Long-term portion of restructuring reserves

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

Three months

   

Nine months

 
   

ended

   

ended

 
   

September 30,

   

September 30,

 
   

2024

   

2023

   

2024

   

2023

 

Cash charges

  $ 3     $     $ 11     $  

Noncash charges:

                               

Accelerated depreciation

    1       5       7       6  

Other noncash charges

    1       1       2       1  

Total restructuring, impairment and plant closing costs

  $ 5     $ 6     $ 20     $ 7