ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾

Annual report pursuant to Section 13 and 15(d)

Note 14 - Debt (Details Textual)

v3.25.0.1
Note 14 - Debt (Details Textual)
$ in Millions, � in Billions
 3 Months Ended 12 Months Ended
May 20, 2022
USD ($)
Jun. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2024
EUR (�)
Jan. 31, 2024
USD ($)
Long-Term Debt Ìý Ìý $ 1,835 $ 1,688 Ìý Ìý Ìý
Long-Term Debt, Current Maturities [1] Ìý Ìý 325 12 Ìý Ìý Ìý
Long-Term Debt, Excluding Current Maturities [1] Ìý Ìý 1,510 1,676 Ìý Ìý Ìý
Repayments of Notes Payable Ìý Ìý 218 (0) $ (0) Ìý Ìý
Debt Issuance Costs, Net Ìý Ìý $ 9 7 Ìý Ìý Ìý
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 Ìý $ 20
Arabian Amines Company [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage Ìý Ìý 50.00% Ìý Ìý Ìý Ìý
Long-Term Debt Ìý Ìý $ 16 Ìý Ìý Ìý Ìý
Long-Term Debt, Current Maturities Ìý Ìý 9 Ìý Ìý Ìý Ìý
Long-Term Debt, Excluding Current Maturities Ìý Ìý 7 Ìý Ìý Ìý Ìý
The Senior Notes [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Long-Term Debt Ìý Ìý 1,799 1,471 Ìý Ìý Ìý
Accounts Receivable Programs [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Long-Term Debt Ìý Ìý 0 169 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 325 12 Ìý Ìý Ìý
Long-Term Debt, Excluding Current Maturities [1] Ìý Ìý 1,510 1,676 Ìý Ìý Ìý
Repayments of Notes Payable Ìý Ìý 218 (0) $ (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, Contingent Increase, Additional Borrowing Capacity $ 500 Ìý Ìý Ìý Ìý Ìý Ìý
Letters of Credit Outstanding, Amount Ìý Ìý $ 3 Ìý Ìý Ìý Ìý
Debt Instrument, Basis Spread on Variable Rate [2],[3] Ìý Ìý 1.475% Ìý 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 1.475% Ìý Ìý Ìý Ìý
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] | The Senior Notes [Member] | Debt Instrument Redemption Period Upon Occurrence of Certain Change of Control Events [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Redemption Price, Percentage Ìý Ìý 101.00% Ìý Ìý Ìý Ìý
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] | Senior Notes Maturing April 2025 [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Interest Rate, Stated Percentage Ìý Ìý 4.25% Ìý Ìý 4.25% Ìý
Long-Term Debt Ìý Ìý $ 313 Ìý Ìý â‚� 0.3 Ìý
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] | The 2029 Senior Notes [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Redemption Price, Percentage Ìý Ìý 100.00% Ìý Ìý Ìý Ìý
Debt Instrument, Interest Rate, Stated Percentage Ìý Ìý 4.50% Ìý Ìý 4.50% Ìý
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] | The 2031 Senior Notes [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Redemption Price, Percentage Ìý Ìý 100.00% Ìý Ìý Ìý Ìý
Debt Instrument, Interest Rate, Stated Percentage Ìý Ìý 2.95% Ìý Ìý 2.95% Ìý
ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ International LLC [Member] | The 2034 Senior Notes [Member] Ìý Ìý Ìý Ìý Ìý Ìý Ìý
Debt Instrument, Redemption Price, Percentage Ìý Ìý 100.00% Ìý Ìý Ìý Ìý
Debt Instrument, Interest Rate, Stated Percentage Ìý Ìý 5.70% Ìý Ìý 5.70% 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 $ 6 Ìý 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 $ 233 $ 224 Ìý Ìý Ìý
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 $ 190 Ìý Ìý Ìý Ìý Ìý
[1] At December 31, 2024 and December 31, 2023, respectively, $6 and $2 of cash and cash equivalents, $19 and $16 of accounts and notes receivable (net), $57 and $48 of inventories, $124 and $150 of property, plant and equipment (net), $37 and $32 of other noncurrent assets, $111 and $84 of accounts payable, $21 and $20 of accrued liabilities, $9 each of current portion of debt, $6 and $8 of current operating lease liabilities, $7 and $17 of long-term debt, $15 and $21 of noncurrent operating lease and $16 and $15 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheets captions above. See “Note 8. 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 as of December 31, 2024 was 1.475% above Term SOFR.
[3] On December 31, 2024, we had an additional $3 million (U.S. dollar equivalents) of letters of credit and bank guarantees issued and outstanding under our 2022 Revolving Credit Facility.