v3.25.2
SEGMENTS AND GEOGRAPHIC INFORMATION - Reconciliation of Net Income to Segment Adjusted EBITDA (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
SEGMENTS AND GEOGRAPHIC INFORMATION          
Net sales $ 784.3 $ 920.0 $ 1,569.1 $ 1,824.0  
Cost of sales (747.7) (851.6) (1,468.7) (1,695.0)  
Selling, general and administrative expenses (78.1) (70.1) (169.1) (140.2)  
Equity in earnings of unconsolidated affiliates 8.2 15.6 6.4 21.8  
Other income and (expense) (0.2) 3.3 23.0 (0.5)  
Other segment items $ 15.3 $ 3.0 $ 49.9 $ 10.1  
Segment reporting, other segment item, composition, description Other segment items contain activity primarily defined as addbacks to arrive at Adjusted EBITDA included from the loss on extinguishment of long-term debt and certain debt issuance costs; asset impairment charges; gains or losses on the dispositions of businesses and assets; restructuring charges; acquisition related costs and benefits, and other items. Other segment items contain activity primarily defined as addbacks to arrive at Adjusted EBITDA included from the loss on extinguishment of long-term debt and certain debt issuance costs; asset impairment charges; gains or losses on the dispositions of businesses and assets; restructuring charges; acquisition related costs and benefits, and other items. Other segment items contain activity primarily defined as addbacks to arrive at Adjusted EBITDA included from the loss on extinguishment of long-term debt and certain debt issuance costs; asset impairment charges; gains or losses on the dispositions of businesses and assets; restructuring charges; acquisition related costs and benefits, and other items. Other segment items contain activity primarily defined as addbacks to arrive at Adjusted EBITDA included from the loss on extinguishment of long-term debt and certain debt issuance costs; asset impairment charges; gains or losses on the dispositions of businesses and assets; restructuring charges; acquisition related costs and benefits, and other items.  
Depreciation and amortization $ 59.8 $ 46.6 $ 95.8 $ 91.6  
Adjusted EBITDA 61.3 89.3 154.2 160.8  
Investments in unconsolidated affiliate 224.0 269.0 224.0 269.0 $ 222.6
Capital expenditures 9.8 14.2 18.5 29.9  
Engineered Materials          
SEGMENTS AND GEOGRAPHIC INFORMATION          
Net sales 293.2 323.8 570.5 606.3  
Latex Binders          
SEGMENTS AND GEOGRAPHIC INFORMATION          
Net sales 204.2 252.4 413.5 493.9  
Polymer Solutions          
SEGMENTS AND GEOGRAPHIC INFORMATION          
Net sales 286.9 343.8 585.1 723.8  
Amount recognized during performance obligation     26.0    
Operating Segments          
SEGMENTS AND GEOGRAPHIC INFORMATION          
Net sales 784.3 920.0 1,569.1 1,824.0  
Cost of sales (747.7) (851.6) (1,468.7) (1,695.0)  
Selling, general and administrative expenses (45.8) (39.7) (79.0) (78.7)  
Equity in earnings of unconsolidated affiliates 8.2 15.6 6.4 21.8  
Other income and (expense) (0.7) 2.6 24.8 1.7  
Other segment items 11.1 0.4 18.3 4.8  
Depreciation and amortization 51.9 42.0 83.3 82.2  
Adjusted EBITDA 61.3 89.3 154.2 160.8  
Investments in unconsolidated affiliate 224.0 269.0 224.0 269.0  
Capital expenditures 9.3 13.7 17.4 29.2  
Operating Segments | Engineered Materials          
SEGMENTS AND GEOGRAPHIC INFORMATION          
Net sales 293.2 323.8 570.5 606.3  
Cost of sales (274.1) (301.4) (535.2) (583.3)  
Selling, general and administrative expenses (19.6) (18.1) (36.1) (31.6)  
Other income and (expense) 0.1 0.8 0.3 0.9  
Other segment items 0.5 (0.2) (0.1) (2.4)  
Depreciation and amortization 31.0 27.1 57.4 52.7  
Adjusted EBITDA 31.1 32.0 56.8 42.6  
Capital expenditures 3.7 7.2 7.1 15.6  
Operating Segments | Latex Binders          
SEGMENTS AND GEOGRAPHIC INFORMATION          
Net sales 204.2 252.4 413.5 493.9  
Cost of sales (188.9) (224.5) (371.5) (437.5)  
Selling, general and administrative expenses (8.8) (9.3) (17.6) (18.9)  
Other income and (expense) (0.4) (0.4) (0.8) (1.0)  
Other segment items   0.1 0.1 0.2  
Depreciation and amortization 10.7 7.3 17.6 14.6  
Adjusted EBITDA 16.8 25.6 41.3 51.3  
Capital expenditures 4.0 4.7 7.6 9.6  
Operating Segments | Polymer Solutions          
SEGMENTS AND GEOGRAPHIC INFORMATION          
Net sales 286.9 343.8 585.1 723.8  
Cost of sales (284.7) (325.7) (562.0) (674.2)  
Selling, general and administrative expenses (17.4) (12.3) (25.3) (28.2)  
Other income and (expense) (0.4) 2.2 25.3 1.8  
Other segment items 10.6 0.4 18.3 7.0  
Depreciation and amortization 10.2 7.6 8.3 14.9  
Adjusted EBITDA 5.2 16.0 49.7 45.1  
Capital expenditures 1.6 1.8 2.7 4.0  
Operating Segments | Americas Styrenics          
SEGMENTS AND GEOGRAPHIC INFORMATION          
Equity in earnings of unconsolidated affiliates 8.2 15.6 6.4 21.8  
Other segment items   0.1      
Adjusted EBITDA 8.2 15.7 6.4 21.8  
Investments in unconsolidated affiliate 224.0 269.0 224.0 269.0  
Segment Reporting, Reconciling Item, Corporate Nonsegment [Member]          
SEGMENTS AND GEOGRAPHIC INFORMATION          
Selling, general and administrative expenses (32.3) (30.4) (90.1) (61.5)  
Other income and (expense) 0.5 0.7 (1.8) (2.2)  
Other segment items 4.2 2.6 31.6 5.3  
Depreciation and amortization 7.9 4.6 12.5 9.4  
Capital expenditures $ 0.5 $ 0.5 $ 1.1 $ 0.7