Pay vs Performance Disclosure
Unit_pure in Millions

12 Months Ended

Dec. 31, 2022

USD ($)

Dec. 31, 2021

USD ($)

Dec. 31, 2020

USD ($)

Pay vs Performance Disclosure [Table]

Pay vs Performance [Table Text Block]

2022

Pay-Versus-Performance

Compensation Table


	Summary Compensation Table Total for CEO($)		Compensation Actually Paid to CEO($) (1)		Avg. Summary Compensation Table Total for Non-CEO NEOs($)		Avg. Compensation Actually Paid to Non-CEO NEOs($) (2)		Value of Initial Fixed $100 Investment Based On:				Net Income (in millions) ($)		Economic Value Added (EVA) (in millions) ($) (4)
Year	Summary Compensation Table Total for CEO($)		Compensation Actually Paid to CEO($) (1)		Avg. Summary Compensation Table Total for Non-CEO NEOs($)		Avg. Compensation Actually Paid to Non-CEO NEOs($) (2)		Total Shareholder Return($)		Peer Group Total Shareholder Return($) (3)		Net Income (in millions) ($)		Economic Value Added (EVA) (in millions) ($) (4)

2022		12,242,340		15,909,208		5,431,437		6,802,834		152.53		124.22		2,247		1,545
2021		10,401,407		12,052,367		4,029,807		4,755,672		142.78		142.79		2,015		1,594
2020		10,927,684		13,992,911		4,405,384		5,541,162		118.48		115.44		330		(329	)

(1)

The summary compensation table totals for the CEO, Mr. Albert Chao, are adjusted, as indicated in the table below, to arrive at the “compensation actually paid to the CEO” each year. With respect to equity award adjustments for each applicable year as disclosed in the table below, the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. Performance stock units were valued using Monte Carlo simulations, and stock options were valued using Black-Scholes valuations, both following the same method as reported in our

10-K.


Adjustments to Determine Compensation Actually Paid for CEO	2022($)			2021($)			2020($)
Deduction for amounts reported under the “Stock Awards” column in the Summary Compensation Table		(4,610,575	)		(3,942,425	)		(3,924,557	)
Deduction for amounts reported under the “Option Awards” column in the Summary Compensation Table		(1,943,071	)		(1,714,275	)		(1,714,282	)
Increase for fair value of awards granted during year that remain unvested as of year-end		4,658,727			3,993,822			8,042,295
Increase for fair value of awards granted during year that vest during year		—			—			—
Increase/deduction for change in fair value from prior year-end to current year-end of awards granted prior to year that were outstanding and unvested as of year-end		4,727,267			3,032,940			905,082
Increase/deduction for change in fair value from prior year-end to vesting date of awards granted prior to year that vested during year		834,520			280,899			(243,312	)
Deduction of fair value of awards granted prior to year that were f orf eited during year		—			—			—
Increase based on dividends or other earnings paid during year prior to vesting date of aw ar d		—			—			—

Total Adjustments		3,666,868			1,650,960			3,065,227

(2)

The individuals that were

non-CEO

NEOs during each applicable year are Messrs. James Chao, Bender, Ederington and Kearns for 2020; Messrs. James Chao, Bender, Buesinger and Kearns for 2021; and Messrs. James Chao, Bender, Ederington and Kearns for 2022. The average summary compensation table totals for

Non-CEO

NEOs are adjusted to arrive at the average compensation actually paid to the

Non-CEO

NEOs each year using the same methodology as described for the CEO and as indicated in the table below. With respect to equity award adjustments for each applicable year as disclosed in the table below, the valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. Performance stock units were valued using Monte Carlo simulations, and stock options were valued using Black-Scholes valuations, both following the same method as reported in our

10-K.


Adjustments to Determine Average Compensation Actually Paid for Non-CEO NEOs	2022($)			2021($)			2020($)
Deduction for amounts reported under the “Stock Awards” column in the Summary Compensation Table		(2,205,533	)		(1,510,334	)		(1,758,932	)
Deduction for amounts reported under the “Option Awards” column in the Summary Compensation Table		(613,436	)		(564,340	)		(628,492	)
Increase for fair value of awards granted during year that remain unvested as of year-end		2,182,045			1,557,317			3,345,372
Increase for fair value of awards granted during year that vest during year		—			—			—
Increase/deduction for change in fair value from prior year-end to current year-end of awards granted prior to year that were outstanding and unvested as of year-end		1,711,046			1,142,322			317,739
Increase/deduction for change in fair value from prior year-end to vesting date of awards granted prior to year that vested during year		297,275			100,900			(139,909	)
Deduction of fair value of awards granted prior to year that were forfeited during year		—			—			—
Increase based on dividends or other earnings paid during year prior to vesting date of award		—			—			—

Total Adjustments		1,371,397			725,865			1,135,778

(3)	Peer group is the Chicago Board Options Exchange S&P Chemicals Index, also known as the Standard & Poor’s Chemicals Index, or CEX.

(4)

Economic Value Added (“EVA”) generated by the Company, is the net operating profit of the Company after taxes in relation to capital employed by the Company using the Weighted Average Cost of Capital, adjusted as appropriate to reflect nonoperating impacts including, but not limited to, certain amortization expenses, impairment and restructuring costs, acquisition-related integration and transaction costs,

non-controlling

interests, and other items as deemed appropriate by the Committee.

Company Selected Measure Name

Economic Value Added (“EVA”)

Named Executive Officers, Footnote [Text Block]

The individuals that were

non-CEO

Peer Group Issuers, Footnote [Text Block]

Peer group is the Chicago Board Options Exchange S&P Chemicals Index, also known as the Standard & Poor’s Chemicals Index, or CEX.

PEO Total Compensation Amount

$ 12,242,340

$ 10,401,407

$ 10,927,684

PEO Actually Paid Compensation Amount

$ 15,909,208

12,052,367

13,992,911

Adjustment To PEO Compensation, Footnote [Text Block]


Adjustments to Determine Compensation Actually Paid for CEO	2022($)			2021($)			2020($)
Deduction for amounts reported under the “Stock Awards” column in the Summary Compensation Table		(4,610,575	)		(3,942,425	)		(3,924,557	)
Deduction for amounts reported under the “Option Awards” column in the Summary Compensation Table		(1,943,071	)		(1,714,275	)		(1,714,282	)
Increase for fair value of awards granted during year that remain unvested as of year-end		4,658,727			3,993,822			8,042,295
Increase for fair value of awards granted during year that vest during year		—			—			—
Increase/deduction for change in fair value from prior year-end to current year-end of awards granted prior to year that were outstanding and unvested as of year-end		4,727,267			3,032,940			905,082
Increase/deduction for change in fair value from prior year-end to vesting date of awards granted prior to year that vested during year		834,520			280,899			(243,312	)
Deduction of fair value of awards granted prior to year that were f orf eited during year		—			—			—
Increase based on dividends or other earnings paid during year prior to vesting date of aw ar d		—			—			—

Total Adjustments		3,666,868			1,650,960			3,065,227

Non-PEO NEO Average Total Compensation Amount

$ 5,431,437

4,029,807

4,405,384

Non-PEO NEO Average Compensation Actually Paid Amount

$ 6,802,834

4,755,672

5,541,162

Adjustment to Non-PEO NEO Compensation Footnote [Text Block]


Adjustments to Determine Average Compensation Actually Paid for Non-CEO NEOs	2022($)			2021($)			2020($)
Deduction for amounts reported under the “Stock Awards” column in the Summary Compensation Table		(2,205,533	)		(1,510,334	)		(1,758,932	)
Deduction for amounts reported under the “Option Awards” column in the Summary Compensation Table		(613,436	)		(564,340	)		(628,492	)
Increase for fair value of awards granted during year that remain unvested as of year-end		2,182,045			1,557,317			3,345,372
Increase for fair value of awards granted during year that vest during year		—			—			—
Increase/deduction for change in fair value from prior year-end to current year-end of awards granted prior to year that were outstanding and unvested as of year-end		1,711,046			1,142,322			317,739
Increase/deduction for change in fair value from prior year-end to vesting date of awards granted prior to year that vested during year		297,275			100,900			(139,909	)
Deduction of fair value of awards granted prior to year that were forfeited during year		—			—			—
Increase based on dividends or other earnings paid during year prior to vesting date of award		—			—			—

Total Adjustments		1,371,397			725,865			1,135,778

Compensation Actually Paid vs. Total Shareholder Return [Text Block]

Compensation Actually Paid vs. Net Income [Text Block]

Compensation Actually Paid vs. Company Selected Measure [Text Block]

Total Shareholder Return Vs Peer Group [Text Block]

Tabular List [Table Text Block]

The table below contains an unranked list of the most important financial performance measures used by the Company to link executive compensation actually paid to the Company’s fiscal year 2022 performance.

Key Performance Measures

Economic Value Added (“EVA”)

Total Shareholder Return (“TSR”)

Return on Capital

Budgeted SG&A

Relative TSR

Total Shareholder Return Amount

$ 152.53

142.78

118.48

Peer Group Total Shareholder Return Amount

124.22