v3.26.1
Restructuring and Other Charges (Tables)
6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring and Related Costs
The following table summarizes the impact of the charges as a result of this action on the unaudited Condensed Consolidated Statements of Operations for the three months ended June 30, 2026 and 2025:
Severance and employee benefits
(1)
Idling Activities
(2)
Asset retirement obligation adjustmentsEnvironmental liabilityContract abandonment and other changesTotal cash chargesAsset disposal
(3)
Other non-cash chargesTotal non-cash chargesTotal restructuring and other charges
Botlek closure$$$— $— $— $$— $— $— $
Fuzhou closure— — — — — — 
Three Months Ended June 30, 2026$2 $2 $ $ $ $4 $ $ $ $4 
Severance and employee benefits
(1)
Idling Activities
(2)
Asset retirement obligation adjustmentsEnvironmental liabilityContract abandonment and other changesTotal cash chargesAsset disposal
(3)
Other non-cash chargesTotal non-cash chargesTotal restructuring and other charges
Botlek closure$$24 $— $— $— $33 $$— $$42 
Three Months Ended June 30, 2025$9 $24 $ $ $ $33 $9 $ $9 $42 
(1) Represents severance that is statutorily required by law as well as any incremental enhancements that are provided by the respective actions.
(2) Represents decommissioning and idling activities and are expensed as incurred.
(3) Represents asset write-offs and accelerated depreciation.

The following table summarizes the impact of the charges as a result of this action on the unaudited Condensed Consolidated Statements of Operations for the six months ended June 30, 2026 and 2025:
Severance and employee benefits
(1)
Idling Activities
(2)
Asset retirement obligation adjustmentsEnvironmental liabilityContract abandonment and other changesTotal cash chargesAsset disposal
(3)
Other non-cash chargesTotal non-cash chargesTotal restructuring and other charges
Botlek closure$$$— $— $$$$— $$11 
Fuzhou closure— — — — — — 
Six Months Ended June 30, 2026$6 $8 $ $ $1 $15 $3 $ $3 $18 

Severance and employee benefits
(1)
Idling Activities
(2)
Asset retirement obligation adjustmentsEnvironmental liabilityContract abandonment and other changesTotal cash chargesAsset disposal
(3)
Other non-cash chargesTotal non-cash chargesTotal restructuring and other charges
Botlek closure$17 $30 $11 $— $$65 $62 $$63 $128 
Six Months Ended June 30, 2025$17 $30 $11 $ $7 $65 $62 $$63 $128 

(1) Represents severance that is statutorily required by law as well as any incremental enhancements that are provided by the respective actions.
(2) Represents decommissioning and idling activities and are expensed as incurred.
(3) Represents asset write-offs and accelerated depreciation.
Schedule of Liability Balance for Restructuring Plan
The following table shows a rollforward of restructuring and other charges reserves resulting in cash spending. These amounts exclude asset retirement obligations and environmental liability, which are included in "Asset retirement obligations" and "Environmental liabilities", respectively, on the unaudited Condensed Consolidated Balance Sheets:

Balance at January 1, 2026Changes in ReservesCash PaymentsForeign currency translation and otherBalance at June 30, 2026
Botlek closure$16 $$(13)$— $11 
Fuzhou closure12 (16)— — 
Total$28 $12 $(29)$ $11 

Balance at January 1, 2025Changes in ReservesCash PaymentsForeign currency translation and otherBalance at June 30, 2025
Botlek closure$— $53 $(27)$$28 
Total$ $53 $(27)$2 $28