Segment Information (Tables)

6 Months Ended

Jun. 30, 2026

The following table sets forth certain summary financial information for the Company’s reportable segments for the periods presented.


	Thermal & Specialized Solutions			Titanium Technologies			Advanced Performance Materials
Three Months Ended June 30, 2026
Segment information from Interim Consolidated Statements of Operations:
Net sales to external customers (1)	$	591		$	661		$	326
Segment cost of goods sold		360			611			289
Segment selling, general and administrative expense		30			29			34
Segment research and development expense		8			7			12
Add back: Depreciation and amortization (2)		18			33			23
Equity in earnings of affiliates		3			—			6
Other segment items (3)		1			(1	)		(6	)
Segment Adjusted EBITDA	$	213		$	48		$	26

Six Months Ended June 30, 2026
Segment information from Interim Consolidated Statements of Operations:
Net sales to external customers (1)	$	1,158		$	1,220		$	569
Segment cost of goods sold		724			1,149			526
Segment selling, general and administrative expense		59			56			67
Segment research and development expense		15			14			23
Add back: Depreciation and amortization (2)		35			67			46
Equity in earnings of affiliates		6			—			11
Other segment items (3)		(2	)		1			(21	)
Segment Adjusted EBITDA	$	403		$	67			31

June 30, 2026
Segment information from Interim Consolidated Balance Sheets:
Total assets	$	1,767		$	2,337		$	1,681
Investments in affiliates		71			—			99

Six Months Ended June 30, 2026
Segment information from Interim Consolidated Statements of Cash Flow:
Purchases of property, plant and equipment		40			25			25


	Thermal & Specialized Solutions			Titanium Technologies			Advanced Performance Materials
Three Months Ended June 30, 2025
Segment information from Interim Consolidated Statements of Operations:
Net sales to external customers (1)	$	597		$	657		$	346
Segment cost of goods sold		377			606			282
Segment selling, general and administrative expense		26			29			34
Segment research and development expense		7			8			12
Add back: Depreciation and amortization (2)		18			32			35
Equity in earnings of affiliates		2			—			7
Other segment items (3)		—			(1	)		10
Segment Adjusted EBITDA	$	207		$	47		$	50

Six Months Ended June 30, 2025
Segment information from Interim Consolidated Statements of Operations:
Net sales to external customers (1)	$	1,063		$	1,254		$	639
Segment cost of goods sold		689			1,150			533
Segment selling, general and administrative expense		51			57			67
Segment research and development expense		15			15			24
Add back: Depreciation and amortization (2)		34			64			70
Equity in earnings of affiliates		4			—			13
Other segment items (3)		(2	)		(1	)		16
Segment Adjusted EBITDA	$	348		$	97		$	82

December 31, 2025
Segment information from Consolidated Balance Sheets:
Total assets	$	1,694		$	2,399		$	1,677
Investments in affiliates		73			—			87

Six Months Ended June 30, 2025
Segment information from Interim Consolidated Statements of Cash Flow:
Purchases of property, plant and equipment		44			57			24

(1)

Segment net sales to external customers are provided by product group in "Note 3 – Net Sales".

(2)

Segment depreciation and amortization expense is included as a component of cost of goods sold; selling, general, and administrative expense; and research and development expense in the amounts regularly provided to the CODM and are therefore added back to arrive at Segment Adjusted EBITDA.

(3)

Other segment items includes segment other (income) expense, net.

Reconciliation of Segment Adjusted EBITDA from Segments to Consolidated Income Before Income Taxes

The following table sets forth a reconciliation of Segment Adjusted EBITDA to the Company’s consolidated income before income taxes for the three and six months ended June 30, 2026 and 2025.


	Three Months Ended June 30,						Six Months Ended June 30,
	2026			2025			2026			2025
Thermal & Specialized Solutions	$	213		$	207		$	403		$	348
Titanium Technologies		48			47			67			97
Advanced Performance Materials		26			50			31			82
Segment Adjusted EBITDA		287			304			501			527
Other non-reportable segment Adjusted EBITDA		2			4			5			5
Corporate expenses (1)		(42	)		(46	)		(90	)		(103	)
Unallocated Items:
Interest expense, net		(68	)		(67	)		(137	)		(133	)
Depreciation and amortization		(80	)		(91	)		(159	)		(180	)
Non-operating pension and other post-retirement employee benefit income		3			2			5			4
Exchange losses, net		(1	)		(4	)		(1	)		(7	)
Restructuring, asset-related, and other charges (Note 4)		(3	)		(6	)		(16	)		(27	)
Inventory write-offs		—			(2	)		—			(2	)
Loss on extinguishment of debt (2)		(2	)		—			(11	)		—
Gain on sales of assets and businesses, net (3)		266			—			266			1
Transaction costs		—			(2	)		(2	)		(3	)
Qualified spend recovery (4)		6			13			11			22
Litigation-related charges (5)		(225	)		(293	)		(244	)		(293	)
Environmental charges (6)		(144	)		(60	)		(150	)		(60	)
Loss before income taxes	$	(1	)	$	(248	)	$	(22	)	$	(249	)

(1)

Includes corporate costs and certain legal and environmental expenses, and stock-based compensation expenses excluding unallocated items as listed above.

(2)

For the three and six months ended June 30, 2026, loss on extinguishments of debt includes $2 and $11, respectively, related to the partial early redemption of the senior secured Euro term loan due August 2028, along with costs associated with early redemption of the senior unsecured notes due May 2027 and partial early redemption of the senior unsecured notes due November 2028, which is discussed in further detail in "Note 15 - Debt"

(3)

For three and six months ended June 30, 2026, Gain on sales of assets and businesses, net, includes a $266 gain on sale of assets related to the sale of nine parcels of land in Kuan Yin, Taiwan. Refer to “Note 10 – Property, Plant and Equipment" for further details.

(4)

Qualified spend recovery represents costs and expenses that were previously excluded from the determination of segment Adjusted EBITDA, reimbursable by DuPont and/or Corteva as part of the Company's cost-sharing agreement under the terms of the MOU. Terms of the MOU are discussed in further detail in "Note 17 – Commitments and Contingent Liabilities".

(5)

For the three and six months ended June 30, 2026, Litigation-related charges includes $223 and $235 related to PFOA and PFAS legal reserves. Refer to “Note 17 – Commitments and Contingent Liabilities" for further details.

(6)

For both the three and six months ended June 30, 2026, Environmental charges includes $141 related to expanded off-site drinking water program requirements at Washington Works and Chambers Works pursuant to the 2026 Consent Decree, as well as the impact of the 2026 Consent Decree on other long-term OM&M projects at Washington Works. Refer to “Note 17 – Commitments and Contingent Liabilities" for further details.

Summary of Reconciliation for Summary Financial Information for Reportable Segments

The following table sets forth a reconciliation for instances in which the above financial information for the Company's reportable segments does not sum to consolidated amounts.


		Segment Total			Other Non-Reportable Segment			Corporate			Total Consolidated
Three Months Ended June 30, 2026
Net sales to external customers	$		1,578	$		13	$		—	$		1,591
Depreciation and amortization	$		74	$		1	$		5	$		80

Six Months Ended June 30, 2026
Net sales to external customers	$		2,947	$		25	$		—	$		2,972
Depreciation and amortization	$		148	$		2	$		9	$		159
Purchases of property, plant, and equipment	$		90	$		1	$		2	$		93


		Segment Total			Other Non-Reportable Segment			Corporate			Total Consolidated
Three Months Ended June 30, 2025
Net sales to external customers	$		1,600	$		15	$		—	$		1,615
Depreciation and amortization	$		85	$		1	$		5	$		91

Six Months Ended June 30, 2025
Net sales to external customers	$		2,956	$		27	$		—	$		2,983
Depreciation and amortization	$		168	$		2	$		10	$		180
Purchases of property, plant, and equipment	$		125	$		1	$		1	$		127

Total Assets (1)
June 30, 2026	$		5,785	$		93	$		1,272	$		7,150
December 31, 2025	$		5,770	$		95	$		1,517	$		7,382

(1)

Corporate assets primarily includes cash and cash equivalents, property, plant and equipment associated with the Chemours Discovery Hub, pension assets and deferred tax assets.