The following table sets forth the components of the Company’s restructuring, asset-related, and other charges by segment for the three months ended March 31, 2026 and 2025.


	Thermal & Specialized Solutions		Titanium Technologies		Advanced Performance Materials		Other Non-Reportable Segment		Corporate		Total
Three Months Ended March 31, 2026
Employee separation charges:
2026 Restructuring Program	$	1	$	5	$	1	$	—	$	2	$	9
Total employee separation charges		1		5		1		—		2		9
Decommissioning and other charges:
SPS CapstoneTM Exit		—		—		3		—		—		3
Total decommissioning and other charges		—		—		3		—		—		3
Total restructuring and other charges		1		5		4		—		2		12
Asset-related charges:
SPS CapstoneTM Exit		—		—		1		—		—		1
Total asset-related charges		—		—		1		—		—		1
Total restructuring, asset-related, and other charges	$	1	$	5	$	5	$	—	$	2	$	13


	Thermal & Specialized Solutions		Titanium Technologies		Advanced Performance Materials		Other Non-Reportable Segment		Corporate		Total
Three Months Ended March 31, 2025
Employee separation charges:
SPS CapstoneTM Exit	$	—	$	—	$	13	$	—	$	—	$	13
Total employee separation charges		—		—		13		—		—		13
Decommissioning and other charges:
SPS CapstoneTM Exit		—		—		2		—		—		2
2024 Restructuring Program		—		—		1		—		—		1
Titanium Technologies Transformation Plan		—		5		—		—		—		5
Total decommissioning and other charges		—		5		3		—		—		8
Total restructuring and other charges		—		5		16		—		—		21
Asset-related charges:
SPS CapstoneTM Exit		—		—		12		—		—		12
Total asset-related charges		—		—		12		—		—		12
Total restructuring, asset-related, and other charges	$	—	$	5	$	28	$	—	$	—	$	33

In the first quarter of 2026, as part of our Pathway to Thrive Strategy, management initiated certain company-wide restructuring activities to support our overall cost efforts, capture operational and commercial synergies, and promote improved cash generation. As a result, during the three months ended March 31, 2026, the Company recorded charges of $9 related to the 2026 Restructuring Program, consisting of employee separation charges of $9. The associated severance payments began in the first quarter of 2026 and are expected to be substantially completed by the second half of 2026.

In January 2025, management approved a restructuring plan within the Advanced Performance Materials business to exit its SPS CapstoneTM business and begin the shutdown process for the underlying manufacturing asset across the Washington Works and Chambers Works sites, as well as the Villers St. Paul site pending local regulatory approval. This action was taken due to regulatory changes and uncertainty that have caused reduced demand and market deselection of telomer-based chemistries, making SPS economically unfavorable going forward.

As a result, during the three months ended March 31, 2026, the Company recorded restructuring, asset-related and other charges of $4, consisting of non-cash asset-related charges of $1 and decommissioning and other charges of $3. The associated severance payments began in the first quarter of 2025 and are expected to be substantially completed by the third quarter of 2026. The Company also expects to incur decommissioning and other charges of up to $4 related to retention, external spending to support site closure activities, deconstruction and ongoing decommissioning expenses. These charges will be recognized as period costs as incurred.

In the third quarter of 2024, management initiated certain transformation initiatives principally within the Advanced Performance Materials business and certain Corporate functions to capture operational and commercial synergies and cost optimization. As part of these efforts, during the third quarter of 2024, the Company initiated additional cost savings programs that were largely attributable to further aligning the cost structure of the Company’s businesses and corporate functions with its financial objectives. From inception through March 31, 2026, the cumulative amount incurred for the Company's 2024 Restructuring Program amounted to $51, consisting of non-cash asset-related charges of $27, employee separation charges of $19 and other charges of $5. The associated severance payments began in the third quarter of 2024 and were substantially completed in the first quarter of 2026. The Company also expects to incur decommissioning and other charges of approximately $2 through 2026 which will be recognized as period costs as incurred.

On July 27, 2023, the Company announced the closure of its manufacturing site in Kuan Yin, Taiwan effective August 1, 2023, following the Company’s Board of Directors approval on July 26, 2023. The Company began shutting down production and started decommissioning the plant during the third quarter of 2023 and fully completed the shut-down during the fourth quarter of 2023. Decommissioning activities were completed in the second quarter of 2024 and dismantling began thereafter. Dismantling and removal activities were completed in the first quarter of 2025. The related severance payments were substantially completed in the first quarter of 2025. From inception through March 31, 2026, the cumulative amount incurred for the Company's Titanium Technologies Transformation Plan amounted to $142, consisting of asset-related impairments of $78, employee separation costs of $20, contract termination costs of $14 and decommissioning and other charges of $30.

There were no other significant outstanding liabilities related to the Company’s decommissioning and other restructuring-related charges at March 31, 2026 and December 31, 2025.