Net Sales (Tables)

9 Months Ended

Sep. 30, 2022

Revenue From Contract With Customer [Abstract]

Summary of Disaggregation of Net Sales by Geographical Region and Segment and Product Group

The following table sets forth a disaggregation of the Company’s net sales by geographic region and segment and product group for the three and nine months ended September 30, 2022 and 2021.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Net sales by geographic region (1)
North America:
Titanium Technologies	$	348	$	275	$	1,028	$	730
Thermal & Specialized Solutions		239		171		814		486
Advanced Performance Materials		172		123		469		363
Other Segment		21		55		51		138
Total North America		780		624		2,362		1,717
Asia Pacific:
Titanium Technologies		208		288		772		804
Thermal & Specialized Solutions		49		42		143		129
Advanced Performance Materials		189		158		503		448
Other Segment		6		6		18		18
Total Asia Pacific		452		494		1,436		1,399
Europe, the Middle East, and Africa:
Titanium Technologies		177		229		590		626
Thermal & Specialized Solutions		75		67		246		243
Advanced Performance Materials		74		62		219		197
Other Segment		5		4		14		13
Total Europe, the Middle East, and Africa		331		362		1,069		1,079
Latin America (2):
Titanium Technologies		144		116		384		330
Thermal & Specialized Solutions		54		38		157		104
Advanced Performance Materials		15		13		45		43
Other Segment		1		33		3		98
Total Latin America		214		200		589		575
Total net sales	$	1,777	$	1,680	$	5,456	$	4,770
Net sales by segment and product group
Titanium Technologies:
Titanium dioxide and other minerals	$	877	$	908	$	2,774	$	2,490
Thermal & Specialized Solutions:
Refrigerants		327		244		1,095		756
Foam, propellants, and other		90		74		265		206
Advanced Performance Materials:
Fluoropolymers and advanced materials		450		356		1,236		1,051
Other Segment		33		98		86		267
Total net sales	$	1,777	$	1,680	$	5,456	$	4,770

(1)Net sales are attributed to countries based on customer location.

(2)Latin America includes Mexico.

Summary of Contract Balances from Contracts with Customers

The following table sets forth the Company’s contract balances from contracts with customers at September 30, 2022 and December 31, 2021.

	September 30, 2022		December 31, 2021
Contract assets:
Accounts receivable - trade, net (Note 8)	$	844	$	644
Contract liabilities:
Deferred revenue	$	6	$	5
Customer rebates (Note 13)		79		83