v3.26.1
SEGMENT AND REGIONAL SALES INFORMATION (Tables)
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Information Disclosure
First Quarter 2026
Advanced MaterialsAdditives & Functional ProductsChemical IntermediatesFibers
Total Operating Segments
Other
Total Consolidated
Depreciation and amortization expense$52 $36 $25 $16 $129 $$131 
Capital expenditures55 16 17 95 103 

First Quarter 2025
Advanced MaterialsAdditives & Functional ProductsChemical IntermediatesFibersTotal Operating SegmentsOtherTotal Consolidated
Depreciation and amortization expense$50 $35 $24 $16 $125 $$126 
Capital expenditures97 15 19 139 147 
Reconciliation of Operating Profit (Loss) from Segments to Consolidated
First Quarter 2026
(Dollars in millions)Advanced MaterialsAdditives & Functional ProductsChemical IntermediatesFibersTotal Operating Segments
Sales$715 $739 $495 $225 $2,174 
Cost of sales557 536 480 161 1,734 
Selling, general and administrative expenses71 50 28 15 164 
Other segment items (1)
18 11 38 
Adjusted EBIT
69 142 (18)45 238 
Reconciliation of segment Adjusted EBIT to consolidated "Earnings before income taxes" ("EBT"):
Other adjusted EBIT (2)
(38)
Non-core items impacting EBIT
Cost of sales impact from restructuring activities (3)
(3)
Asset impairments, restructuring, and other charges, net (3)
(9)
Net interest expense(52)
Consolidated EBT$136 
First Quarter 2025
(Dollars in millions)Advanced MaterialsAdditives & Functional ProductsChemical IntermediatesFibersTotal Operating Segments
Sales$719 $733 $545 $288 $2,285 
Cost of sales511 526 492 176 1,705 
Selling, general and administrative expenses69 51 28 19 167 
Other segment items (1)
23 15 49 
Adjusted EBIT116 141 19 88 364 
Reconciliation of segment Adjusted EBIT to consolidated EBT:
Other adjusted EBIT (2)
(53)
Non-core items impacting EBIT
Asset impairments, restructuring, and other charges, net (3)
(9)
Net interest expense(49)
Consolidated EBT$253 
(1)Other segment items for each reportable segment includes R&D expenses, other components of post-employment (benefit) cost, net and other (income) charges, net.
(2)Other is not considered an operating segment. Other includes sales and costs from growth initiatives and businesses, R&D costs, pension and other postretirement benefit plans income (expense), net, and other income (charges), net that are not identifiable to an operating segment.
(3)See Note 11, "Asset Impairments, Restructuring, and Other Charges, Net", for a description of included items.
Reconciliation of Assets from Segment to Consolidated
(Dollars in millions)First Quarter
Sales by Segment20262025
Advanced Materials$715 $719 
Additives & Functional Products739 733 
Chemical Intermediates495 545 
Fibers225 288 
Total Sales by Operating Segment2,174 2,285 
Other
Total Sales$2,177 $2,290 
(Dollars in millions)March 31, 2026December 31, 2025
Assets by Segment (1)
Advanced Materials$5,783 $5,705 
Additives & Functional Products
4,748 4,668 
Chemical Intermediates
1,731 1,646 
Fibers1,027 1,020 
Total Assets by Operating Segment13,289 13,039 
Corporate Assets1,933 1,820 
Total Assets$15,222 $14,859 
(1)Segment assets include accounts receivable, inventory, fixed assets, goodwill, and intangible assets.