Segment Information (Notes)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Segment Information

Segment Information

The Company operates in two principal operating segments: Performance and Essential Materials and Housing and Infrastructure Products. 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 March 31,
	2023		2022
Net external sales
Performance and Essential Materials
Performance Materials	$	1,282	$	1,929
Essential Materials	1,067		903
Total Performance and Essential Materials	2,349		2,832
Housing and Infrastructure Products
Housing Products	818		972
Infrastructure Products	189		252
Total Housing and Infrastructure Products	1,007		1,224
	$	3,356	$	4,056
Intersegment sales
Performance and Essential Materials	$	111	$	248
Housing and Infrastructure Products	—		—
	$	111	$	248
Income (loss) from operations
Performance and Essential Materials	$	403	$	879
Housing and Infrastructure Products	143		185
Corporate and other	(10)		(32)
	$	536	$	1,032
Depreciation and amortization
Performance and Essential Materials	$	210	$	184
Housing and Infrastructure Products	55		71
Corporate and other	2		2
	$	267	$	257
Other income, net
Performance and Essential Materials	$	2	$	8
Housing and Infrastructure Products	7		2
Corporate and other	13		1
	$	22	$	11
Provision for (benefit from) income taxes
Performance and Essential Materials	$	67	$	202
Housing and Infrastructure Products	37		44
Corporate and other	5		(13)
	$	109	$	233

	Three Months Ended March 31,
	2023		2022
Capital expenditures
Performance and Essential Materials	$	226	$	221
Housing and Infrastructure Products	38		39
Corporate and other	3		3
	$	267	$	263

A reconciliation of total segment income from operations to consolidated income before income taxes is as follows:

	Three Months Ended March 31,
	2023		2022
Income from operations	$	536	$	1,032
Interest expense	(42)		(46)
Other income, net	22		11
Income before income taxes	$	516	$	997

	March 31, 2023		December 31, 2022
Total assets
Performance and Essential Materials	$	14,114	$	13,978
Housing and Infrastructure Products	5,073		5,022
Corporate and other	1,619		1,550
	$	20,806	$	20,550