BUSINESS AND GEOGRAPHIC AREAS (Notes)

12 Months Ended

Dec. 31, 2023

BUSINESS AND GEOGRAPHIC REGIONS

TDCC conducts its worldwide operations through principal product groups, and the Corporation's business activities comprise components of TDCC's principal product groups rather than stand-alone operations. The Corporation sells substantially all of its products to TDCC in order to simplify the customer interface process, at prices determined in accordance with the terms of an agreement between UCC and TDCC. Because there are no separate reportable business segments for the Corporation and no detailed business information is provided to a chief operating decision maker regarding the Corporation's stand-alone operations, the Corporation's results are reported as a single operating segment.

Sales are attributed to geographic regions based on customer location; long-lived assets are attributed to geographic regions based on asset location. Sales to external customers and long-lived assets by geographic region were as follows:


Geographic Region Information	United States		Asia Pacific		Rest of World		Total
In millions	United States		Asia Pacific		Rest of World		Total
2023
Sales to external customers 1	$	117	$	30	$	—	$	147
Long-lived assets	$	862	$	21	$	11	$	894
2022
Sales to external customers 1	$	182	$	3	$	6	$	191
Long-lived assets	$	1,149	$	22	$	11	$	1,182
2021
Sales to external customers 1	$	139	$	4	$	11	$	154
Long-lived assets	$	1,169	$	24	$	15	$	1,208

1.Of total sales to external customers, sales in Malaysia were approximately 20 percent in 2023, 1 percent in 2022 and 2 percent in 2021, and are included in Asia Pacific.