ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Debt (Details Textual)

v3.24.3
Note 8 - Debt (Details Textual) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 26, 2024
May 20, 2022
Jun. 30, 2024
Sep. 30, 2024
Sep. 30, 2023
Jan. 31, 2024
Dec. 31, 2023
Long-Term Debt, Current Maturities [1] Ìý Ìý Ìý $ 346 Ìý Ìý $ 12
Long-Term Debt, Excluding Current Maturities [1] Ìý Ìý Ìý 1,513 Ìý Ìý 1,676
Repayments of Notes Payable Ìý Ìý Ìý 218 $ (0) Ìý Ìý
Debt Issuance Costs, Net Ìý Ìý Ìý $ 9 Ìý Ìý 7
Shanghai Lianheng Isocyanate Company Ltd. (“SLICâ€�) [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Accounts Receivable, after Allowance for Credit Loss Ìý Ìý Ìý Ìý Ìý $ 20 Ìý
Arabian Amines Company [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage Ìý Ìý Ìý 50.00% Ìý Ìý Ìý
Total Debt, Excluding Debt to Affiliates Ìý Ìý Ìý $ 19 Ìý Ìý Ìý
Long-Term Debt, Current Maturities Ìý Ìý Ìý 9 Ìý Ìý Ìý
Long-Term Debt, Excluding Current Maturities Ìý Ìý Ìý 10 Ìý Ìý Ìý
The 2034 Senior Notes [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Face Amount $ 350 Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Interest Rate, Stated Percentage 5.70% Ìý Ìý Ìý Ìý Ìý Ìý
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Long-Term Debt, Current Maturities [1] Ìý Ìý Ìý 346 Ìý Ìý 12
Long-Term Debt, Excluding Current Maturities [1] Ìý Ìý Ìý 1,513 Ìý Ìý 1,676
Repayments of Notes Payable Ìý Ìý Ìý 218 $ (0) Ìý Ìý
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] | The Revolving Credit Facility [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Line of Credit Facility, Maximum Borrowing Capacity Ìý $ 1,200 Ìý 1,200 Ìý Ìý Ìý
Line Of Credit Facility, Contingent Increase, Additional Borrowing Capacity Ìý $ 500 Ìý Ìý Ìý Ìý Ìý
Letters of Credit Outstanding, Amount Ìý Ìý Ìý $ 6 Ìý Ìý Ìý
Debt Instrument, Basis Spread on Variable Rate [2],[3] Ìý Ìý Ìý 1.475% Ìý Ìý Ìý
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] | The Revolving Credit Facility [Member] | Secured Overnight Financing Rate (SOFR) [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Basis Spread on Variable Rate Ìý Ìý Ìý 1.475% Ìý Ìý Ìý
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] | The 2034 Senior Notes [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Face Amount $ 350 Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Interest Rate, Stated Percentage 5.70% Ìý Ìý 5.70% Ìý Ìý Ìý
Debt Instrument, Redemption Price, Percentage 100.00% Ìý Ìý Ìý Ìý Ìý Ìý
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] | Accounts Receivable Programs [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Letters of Credit Outstanding, Amount Ìý Ìý Ìý $ 6 Ìý Ìý Ìý
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] | Accounts Receivable Programs [Member] | Asset Pledged as Collateral [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Accounts Receivable, after Allowance for Credit Loss Ìý Ìý Ìý $ 278 Ìý Ìý $ 224
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Polyurethanes Shanghai Ltd. [Member] | Shanghai Lianheng Isocyanate Company Ltd. (“SLICâ€�) [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Repayments of Notes Payable Ìý Ìý $ 190 Ìý Ìý Ìý Ìý
[1] At September 30, 2024 and December 31, 2023, respectively, $23 and $2 of cash and cash equivalents, $19 and $16 of accounts and notes receivable (net), $63 and $48 of inventories, $153 and $150 of property, plant and equipment (net), $32 each of other noncurrent assets, $93 and $84 of accounts payable, $15 and $20 of accrued liabilities, $9 each of current portion of debt, $6 and $8 of current operating lease liabilities, $10 and $17 of long-term debt, $16 and $21 of noncurrent operating lease liabilities and $15 each of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 6. Variable Interest Entities.� These assets can only be used to settle obligations of the variable interest entities, and creditors of these liabilities do not have recourse to our general credit.
[2] Interest rates on borrowings under the 2022 Revolving Credit Facility vary based on the type of loan and ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International’s debt ratings. The representative interest rate for U.S. dollar borrowings as of September 30, 2024 was 1.475% above Term SOFR.
[3] On September 30, 2024, we had an additional $6 million (U.S. dollar equivalents) of letters of credit and bank guarantees issued and outstanding under our 2022 Revolving Credit Facility.