Quarterly report [Sections 13 or 15(d)]

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

v3.26.3
Note 7 - Restructuring, Impairment and Plant Closing Costs (Tables)
9 Months Ended
Sep. 30, 2026
Notes Tables  
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]
                   

Other

         
   

Workforce

   

Contract

   

restructuring

         
   

reductions

   

terminations

   

costs

   

Total

 

Accrued liabilities as of January 1, 2026

  $ 41     $ 4     $ —     $ 45  

Charges, net

    12       —       3       15  

Payments

    (38 )     —       (3 )     (41 )

Accrued liabilities as of September 30, 2026

  $ 15     $ 4     $ —     $ 19  
Schedule of Restructuring Reserve By Type of Cost and Segment [Table Text Block]
           

Performance

   

Advanced

         
   

Polyurethanes

   

Products

   

Materials

   

Total

 

Accrued liabilities as of January 1, 2026

  $ 37     $ 5     $ 3     $ 45  

Charges, net

    8       2       5       15  

Payments

    (34 )     (3 )     (4 )     (41 )

Accrued liabilities as of September 30, 2026

  $ 11     $ 4     $ 4     $ 19  
                                 

Current portion of restructuring reserves

  $ 11     $ 4     $ 4     $ 19  

Long-term portion of restructuring reserves

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

Three months ended

   

Nine months ended

 
   

September 30,

   

September 30,

 
   

2026

   

2025

   

2026

   

2025

 

Cash charges, net

  $ 4     $ 1     $ 15     $ 44  

Noncash charges:

                               

Accelerated depreciation

    2       7       5       13  

Impairment of assets

    —       4       —       81  

Other noncash credits, net

    (2 )     —       (1 )     (1 )

Total restructuring, impairment and plant closing costs

  $ 4     $ 12     $ 19     $ 137