v3.26.1
Restructuring, Asset-Related, and Other Charges (Tables)
 3 Months Ended
Mar. 31, 2026
Restructuring And Related Activities [Abstract]  
Schedule of Restructuring Program

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

 
Schedule of Restructuring Charges

The following table sets forth the change in the Company’s employee separation-related liabilities associated with its restructuring programs for the three months ended March 31, 2026.

 

 

 

2026 Restructuring Program

 

 

SPS CapstoneTM Exit

 

 

2024 Restructuring
Program

 

 

Titanium Technologies Transformation Plan

 

 

Total

 

Balance at December 31, 2025

 

$

—

 

 

 

 

 

$

1

 

 

$

—

 

 

$

1

 

Charges to income

 

 

9

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

9

 

Payments

 

 

(4

)

 

 

—

 

 

 

(1

)

 

 

—

 

 

 

(5

)

Balance at March 31, 2026

 

$

5

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

5