v3.26.3
Segment Information
 9 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company operates in two principal operating segments, which are the Company's reportable segments, Housing and Infrastructure Products and Performance and Essential Materials. These segments are strategic business units that offer a variety of different materials and products. The Company manages each segment separately as each business requires different technology and marketing strategies.
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Net external sales
Housing and Infrastructure Products
Housing Products$846 $928 $2,645 $2,746 
Infrastructure Products241 163 687 501 
Total Housing and Infrastructure Products1,087 1,091 3,332 3,247 
Performance and Essential Materials
Performance Materials1,176 1,010 3,415 3,088 
Essential Materials718 737 2,157 2,302 
Total Performance and Essential Materials1,894 1,747 5,572 5,390 
Total reportable segments and consolidated
$2,981 $2,838 $8,904 $8,637 
Intersegment sales
Housing and Infrastructure Products
$— $— $— $— 
Performance and Essential Materials131 98 362 323 
Total reportable segments$131 $98 $362 $323 
Significant segment expenses
Housing and Infrastructure Products
Raw material, energy, manufacturing and logistics costs$789 $772 $2,426 $2,237 
Depreciation and amortization43 43 125 114 
Total cost of sales$832 $815 $2,551 $2,351 
Selling, general and administrative expenses107 104 324 317 
Depreciation and amortization20 19 60 56 
Restructuring, transaction and integration-related costs— 2 1 2 
Performance and Essential Materials
Raw material, energy, manufacturing and logistics costs$1,689 $1,660 $4,935 $5,220 
Depreciation and amortization
211 224 628 661 
Total cost of sales
$1,900 $1,884 $5,563 $5,881 
Selling, general and administrative expenses
120 107 347 311 
Depreciation and amortization
13 14 39 40 
Impairment of goodwill— 727 — 727 
Restructuring, transaction and integration-related costs56 15 75 137 
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Income (loss) from operations
Housing and Infrastructure Products
$128 $151 $396 $521 
Performance and Essential Materials(64)(902)(90)(1,383)
Total reportable segments$64 $(751)$306 $(862)
Depreciation and amortization
Housing and Infrastructure Products
$63 $62 $185 $170 
Performance and Essential Materials224 238 667 701 
Total reportable segments287 300 852 871 
Corporate and other3 3 8 10 
Consolidated$290 $303 $860 $881 
Other income (loss), net
Housing and Infrastructure Products
$4 $2 $8 $2 
Performance and Essential Materials(1)10 17 23 
Total reportable segments3 12 25 25 
Corporate and other14 20 59 68 
Consolidated$17 $32 $84 $93 
Provision for (benefit from) income taxes
Housing and Infrastructure Products
$(2)$820 $63 $857 
Performance and Essential Materials(2)(920)(29)(953)
Total reportable segments(4)(100)34 (96)
Corporate and other(6)97 (10)100 
Consolidated$(10)$(3)$24 $4 
Capital expenditures
Housing and Infrastructure Products
$45 $40 $133 $116 
Performance and Essential Materials134 196 434 632 
Total reportable segments179 236 567 748 
Corporate and other9 3 24 6 
Consolidated$188 $239 $591 $754 
A reconciliation of total reportable segments income (loss) from operations to consolidated income (loss) before income taxes is as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Total reportable segments income (loss) from operations$64 $(751)$306 $(862)
Corporate and other loss from operations(21)(15)(71)(45)
Interest expense(52)(41)(163)(120)
Other income, net17 32 84 93 
Income (loss) before income taxes$8 $(775)$156 $(934)
September 30,
2026		December 31,
2025
Total assets
Housing and Infrastructure Products
$5,279 $4,913 
Performance and Essential Materials (1)
12,093 12,091 
Total reportable segments17,372 17,004 
Corporate and other1,903 2,957 
Consolidated$19,275 $19,961 
______________________________
(1)Includes equity method investments of $1,040 and $1,062 as of September 30, 2026 and December 31, 2025, respectively.