Annual report pursuant to Section 13 and 15(d)

Note 12 - Restructuring, Impairment and Plant Closing Costs (Tables)

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Note 12 - Restructuring, Impairment and Plant Closing Costs (Tables)
12 Months Ended
Dec. 31, 2024
Notes Tables  
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]
           

Other

         
   

Workforce

   

restructuring

         
   

reductions

   

costs

   

Total

 

Accrued liabilities as of January 1, 2022

  $ 25     $ 1     $ 26  

Charges

    69       11       80  

Payments

    (18 )     (12 )     (30 )

Accrued liabilities as of December 31, 2022

    76             76  

(Credits) charges

    (4 )     11       7  

Payments

    (45 )     (11 )     (56 )

Accrued liabilities as of December 31, 2023

    27             27  

Charges

    26       3       29  

Payments

    (26 )     (4 )     (30 )

Accrued liabilities as of December 31, 2024

  $ 27     $ (1 )   $ 26  
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, 2022

  $ 9     $ 1     $ 5     $ 11     $ 26  

Charges

    28       5       8       39       80  

Payments

    (13 )     (1 )     (3 )     (13 )     (30 )

Accrued liabilities as of December 31, 2022

    24       5       10       37       76  

Charges (credits)

    1       6       7       (7 )     7  

Payments

    (17 )     (4 )     (13 )     (22 )     (56 )

Accrued liabilities as of December 31, 2023

    8       7       4       8       27  

Charges

    24             6       (1 )     29  

Payments

    (12 )     (6 )     (6 )     (6 )     (30 )

Accrued liabilities as of December 31, 2024

  $ 20     $ 1     $ 4     $ 1     $ 26  
                                         

Current portion of restructuring reserves

  $ 20     $ 1     $ 1     $ 1     $ 23  

Long-term portion of restructuring reserves

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

Cash charges

  $ 29  

Noncash charges:

       

Accelerated depreciation

    8  

Other noncash charges

    2  

Total 2024 restructuring, impairment and plant closing costs

  $ 39  
         

Cash charges

  $ 7  

Noncash charges:

       

Accelerated depreciation

    9  

Other noncash charges

    2  

Total 2023 restructuring, impairment and plant closing costs

  $ 18  
         

Cash charges

  $ 80  

Noncash charges:

       

Accelerated depreciation

    6  

Gain on sale of assets

    (2 )

Other noncash charges

    2  

Total 2022 restructuring, impairment and plant closing costs

  $ 86