乐天堂fun88(中国区)官方网站 Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Business Dispositions

Note 4 - Business Dispositions	3 Months Ended
Mar. 31, 2022
Notes to Financial Statements	听
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	4. BUSINESS DISPOSITIONS 鈥� 听 SaLE听of Venator听InterEST 听 On December 23, 2020, we completed the sale of approximately 42.4 million ordinary shares of Venator Materials PLC (鈥淰enator鈥�). Concurrently with the sale of ordinary shares, we entered into an option agreement, pursuant to which we granted an option to funds advised by SK Capital Partners, LP to purchase the remaining approximate 9.7 million ordinary shares we hold in Venator at $2.15 per share. We record this option at fair value with changes in fair value reported in earnings. We account for our remaining ownership interest in Venator听as an investment in equity securities that are marked to fair value with changes in fair value reported in earnings.听For the three months ended March 31, 2022 and 2021, we recorded听net losses听of $2听million and $19听million, respectively, to听record our investment in Venator听at fair value. These net losses听were recorded in 鈥淔air value adjustments to Venator investment鈥� in听our condensed consolidated statements of operations. 听

Note 4 - Business Dispositions

3 Months Ended

Mar. 31, 2022

Notes to Financial Statements

听

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

4. BUSINESS DISPOSITIONS 鈥�

听

SaLE听of Venator听InterEST

听

On December 23, 2020, we completed the sale of approximately 42.4 million ordinary shares of Venator Materials PLC (鈥淰enator鈥�). Concurrently with the sale of ordinary shares, we entered into an option agreement, pursuant to which we granted an option to funds advised by SK Capital Partners, LP to purchase the remaining approximate 9.7 million ordinary shares we hold in Venator at $2.15 per share. We record this option at fair value with changes in fair value reported in earnings. We account for our remaining ownership interest in Venator听as an investment in equity securities that are marked to fair value with changes in fair value reported in earnings.听For the three months ended March 31, 2022 and 2021, we recorded听net losses听of $2听million and $19听million, respectively, to听record our investment in Venator听at fair value. These net losses听were recorded in 鈥淔air value adjustments to Venator investment鈥� in听our condensed consolidated statements of operations.

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