Segment Information

3 Months Ended

Mar. 31, 2024

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,
	2024		2023
Net external sales
Performance and Essential Materials
Performance Materials	$	1,164	$	1,282
Essential Materials	767		1,067
Total Performance and Essential Materials	1,931		2,349
Housing and Infrastructure Products
Housing Products	879		818
Infrastructure Products	165		189
Total Housing and Infrastructure Products	1,044		1,007
	$	2,975	$	3,356
Intersegment sales
Performance and Essential Materials	$	111	$	111
Housing and Infrastructure Products	—		—
	$	111	$	111
Income (loss) from operations
Performance and Essential Materials	$	22	$	403
Housing and Infrastructure Products	210		143
Corporate and other	(9)		(10)
	$	223	$	536
Depreciation and amortization
Performance and Essential Materials	$	220	$	210
Housing and Infrastructure Products	50		55
Corporate and other	3		2
	$	273	$	267
Other income, net
Performance and Essential Materials	$	11	$	2
Housing and Infrastructure Products	4		7
Corporate and other	35		13
	$	50	$	22
Provision for (benefit from) income taxes
Performance and Essential Materials	$	(11)	$	67
Housing and Infrastructure Products	56		37
Corporate and other	3		5
	$	48	$	109

	Three Months Ended March 31,
	2024		2023
Capital expenditures
Performance and Essential Materials	$	230	$	226
Housing and Infrastructure Products	37		38
Corporate and other	5		3
	$	272	$	267

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

	Three Months Ended March 31,
	2024		2023
Income from operations	$	223	$	536
Interest expense	(40)		(42)
Other income, net	50		22
Income before income taxes	$	233	$	516

	March 31, 2024		December 31, 2023
Total assets
Performance and Essential Materials	$	13,430	$	13,538
Housing and Infrastructure Products	5,078		4,888
Corporate and other	2,452		2,609
	$	20,960	$	21,035