v3.26.1
Segment Financial Data - Schedule of Segment Revenues, Expenses and Other (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Net sales        
Net sales $ 1,148 $ 1,033 $ 2,139 $ 1,930
Less        
Total cost of products and services sold 778 671 1,453 1,248
Selling, general and administrative expenses 123 105 230 198
Research and development expenses 25 23 53 45
Other segment items 2 7 0 (1)
Add        
Depreciation 54 55 107 105
Amortization 3 4 10 11
Refrigerants & Applied Solutions        
Net sales        
Net sales 850 756 1,561 1,392
Less        
Total cost of products and services sold 556   1,015  
Cost of products and services sold, net of adjustments   455   842
Selling, general and administrative expenses 42 37 79 69
Research and development expenses 15 14 33 27
Other segment items (2) (2) (4) (6)
Add        
Depreciation 40 43 79 79
Amortization 2 3 6 9
Segment Adjusted EBITDA 280 298 522 548
Electronic & Specialty Materials        
Net sales        
Net sales 298 277 579 538
Less        
Total cost of products and services sold 219   429  
Cost of products and services sold, net of adjustments   216   409
Selling, general and administrative expenses 22 17 41 38
Research and development expenses 10 8 19 17
Other segment items (3) (1) (5) (3)
Add        
Depreciation 14 14 28 26
Amortization 0 1 1 2
Segment Adjusted EBITDA 64 52 123 105
Products        
Net sales        
Net sales [1] 1,062 945 1,977 1,783
Less        
Total cost of products and services sold [2] 715 601 1,343 1,132
Products | Refrigerants & Applied Solutions        
Net sales        
Net sales 764 668 1,398 1,245
Products | Electronic & Specialty Materials        
Net sales        
Net sales 298 277 579 538
Services        
Net sales        
Net sales 86 88 163 147
Less        
Total cost of products and services sold 63 71 110 116
Services | Refrigerants & Applied Solutions        
Net sales        
Net sales 86 88 163 147
Services | Electronic & Specialty Materials        
Net sales        
Net sales $ 0 $ 0 $ 0 $ 0
[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.