ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

Quarterly report pursuant to Section 13 or 15(d)

Note 20 - Operating Segment Information (Tables)

v3.21.1
Note 20 - Operating Segment Information (Tables)
3 Months Ended
Mar. 31, 2021
Notes Tables Ìý
Schedule of Segment Reporting Information, by Segment [Table Text Block]
Ìý Ìý

Three months

Ìý
Ìý Ìý

ended

Ìý
Ìý Ìý

March 31,

Ìý
Ìý Ìý

2021

Ìý Ìý

2020

Ìý

Revenues:

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Polyurethanes

Ìý $ 1,068 Ìý Ìý $ 888 Ìý

Performance Products

Ìý Ìý 305 Ìý Ìý Ìý 292 Ìý

Advanced Materials

Ìý Ìý 278 Ìý Ìý Ìý 241 Ìý

Textile Effects

Ìý Ìý 193 Ìý Ìý Ìý 180 Ìý

Corporate and eliminations

Ìý Ìý (7 ) Ìý Ìý (8 )

Total

Ìý $ 1,837 Ìý Ìý $ 1,593 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation:

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Segment adjusted EBITDA(1):

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Polyurethanes

Ìý $ 207 Ìý Ìý $ 84 Ìý

Performance Products

Ìý Ìý 63 Ìý Ìý Ìý 58 Ìý

Advanced Materials

Ìý Ìý 44 Ìý Ìý Ìý 48 Ìý

Textile Effects

Ìý Ìý 25 Ìý Ìý Ìý 20 Ìý

Corporate and other(2)

Ìý Ìý (50 ) Ìý Ìý (45 )

Total

Ìý Ìý 289 Ìý Ìý Ìý 165 Ìý

Reconciliation of adjusted EBITDA to net income:

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Interest expense, net—continuing operations

Ìý Ìý (19 ) Ìý Ìý (18 )

Income tax expense—continuing operations

Ìý Ìý (34 ) Ìý Ìý (7 )

Income tax expense—discontinued operations

Ìý Ìý â€� Ìý Ìý Ìý (238 )

Depreciation and amortization—continuing operations

Ìý Ìý (74 ) Ìý Ìý (67 )

Net income attributable to noncontrolling interests

Ìý Ìý 17 Ìý Ìý Ìý 3 Ìý

Other adjustments:

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Business acquisition and integration expenses and purchase accounting inventory adjustments

Ìý Ìý (9 ) Ìý Ìý (13 )

EBITDA from discontinued operations(3)

Ìý Ìý 1 Ìý Ìý Ìý 1,015 Ìý

Fair value adjustments to Venator investment

Ìý Ìý (19 ) Ìý Ìý (110 )

Certain legal and other settlements and related expenses

Ìý Ìý (2 ) Ìý Ìý (2 )

Gain on sale of businesses/assets

Ìý Ìý â€� Ìý Ìý Ìý 2 Ìý

Income from transition services arrangements

Ìý Ìý 1 Ìý Ìý Ìý â€� Ìý

Certain nonrecurring information technology project implementation costs

Ìý Ìý (1 ) Ìý Ìý (1 )

Amortization of pension and postretirement actuarial losses

Ìý Ìý (22 ) Ìý Ìý (18 )

Plant incident remediation costs

Ìý Ìý (4 ) Ìý Ìý â€� Ìý

Restructuring, impairment and plant closing and transition costs

Ìý Ìý (24 ) Ìý Ìý (3 )

Net income

Ìý $ 100 Ìý Ìý $ 708 Ìý
Ìý Ìý

Three months

Ìý
Ìý Ìý

ended

Ìý
Ìý Ìý

March 31,

Ìý
Ìý Ìý

2021

Ìý Ìý

2020

Ìý

ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International:

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý

Segment adjusted EBITDA(1):

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Polyurethanes Ìý $ 207 Ìý Ìý $ 84 Ìý
Performance Products Ìý Ìý 63 Ìý Ìý Ìý 58 Ìý
Advanced Materials Ìý Ìý 44 Ìý Ìý Ìý 48 Ìý
Textile Effects Ìý Ìý 25 Ìý Ìý Ìý 20 Ìý
Corporate and other(2) Ìý Ìý (47 ) Ìý Ìý (44 )
Total Ìý Ìý 292 Ìý Ìý Ìý 166 Ìý

Reconciliation of adjusted EBITDA to net income:

Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Interest expense, net—continuing operations Ìý Ìý (19 ) Ìý Ìý (20 )
Income tax expense—continuing operations Ìý Ìý (35 ) Ìý Ìý (7 )
Income tax expense—discontinued operations Ìý Ìý â€� Ìý Ìý Ìý (238 )
Depreciation and amortization—continuing operations Ìý Ìý (73 ) Ìý Ìý (67 )
Net income attributable to noncontrolling interests Ìý Ìý 17 Ìý Ìý Ìý 3 Ìý
Other adjustments: Ìý Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Business acquisition and integration expenses and purchase accounting inventory adjustments Ìý Ìý (9 ) Ìý Ìý (13 )
EBITDA from discontinued operations(3) Ìý Ìý 1 Ìý Ìý Ìý 1,015 Ìý
Fair value adjustments to Venator investment Ìý Ìý (19 ) Ìý Ìý (110 )
Certain legal and other settlements and related expenses Ìý Ìý (2 ) Ìý Ìý (2 )
Gain on sale of businesses/assets Ìý Ìý â€� Ìý Ìý Ìý 2 Ìý
Income from transition services arrangements Ìý Ìý 1 Ìý Ìý Ìý â€� Ìý
Certain nonrecurring information technology project implementation costs Ìý Ìý (1 ) Ìý Ìý (1 )
Amortization of pension and postretirement actuarial losses Ìý Ìý (23 ) Ìý Ìý (18 )
Plant incident remediation costs Ìý Ìý (4 ) Ìý Ìý â€� Ìý
Restructuring, impairment and plant closing and transition costs Ìý Ìý (24 ) Ìý Ìý (3 )
Net income Ìý $ 102 Ìý Ìý $ 707 Ìý