v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Net sales $ 1,148 $ 1,033 $ 2,139 $ 1,930
Costs, expenses and other        
Total cost of products and services sold 778 671 1,453 1,248
Research and development expenses 25 23 53 45
Selling, general and administrative expenses 123 105 230 198
Transaction-related costs 25 30 47 58
Other expense (income) (2) 2 (9) (9)
Interest and other financial charges 23 2 53 3
Total costs, expenses and other 972 833 1,827 1,543
Income before taxes 176 199 312 387
Income tax expense 42 101 73 148
Net income 134 99 239 239
Less: Net income attributable to noncontrolling interest 15 2 35 8
Net income attributable to Solstice Advanced Materials $ 119 $ 97 $ 204 $ 231
Basic earnings per share (in usd per share) $ 0.75 $ 0.61 $ 1.28 $ 1.46
Diluted earnings per share (in usd per share) $ 0.75 $ 0.61 $ 1.28 $ 1.46
Weighted average number of common shares outstanding - basic (in shares) 158.8 158.7 158.8 158.7
Weighted average number of common shares outstanding - diluted (in shares) 159.4 158.7 159.3 158.7
Products        
Net sales [1] $ 1,062 $ 945 $ 1,977 $ 1,783
Costs, expenses and other        
Total cost of products and services sold [2] 715 601 1,343 1,132
Services        
Net sales 86 88 163 147
Costs, expenses and other        
Total cost of products and services sold $ 63 $ 71 $ 110 $ 116
[1] Product sales include related party product sales of $29 million and $25 million for the three months, and $45 million and $38 million for the six months ended June 30, 2026 and 2025, respectively.
[2] Cost of products sold include related party cost of products sold of $5 million and $2 million for the three months, and $10 million and $8 million for the six months ended June 30, 2026 and 2025, respectively.