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Restructuring, Asset-Related, and Other Charges (Tables)
12 Months Ended
Dec. 31, 2022
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Program

The following table sets forth the components of the Company’s restructuring, asset-related, and other charges for the years ended December 31, 2022, 2021 and 2020.

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Restructuring and other charges:

 

 

 

 

 

 

 

 

 

Employee separation charges

 

$

9

 

 

$

(2

)

 

$

17

 

Decommissioning and other charges

 

 

2

 

 

 

8

 

 

 

41

 

Total restructuring and other charges

 

 

11

 

 

 

6

 

 

 

58

 

Asset-related charges

 

 

5

 

 

 

 

 

 

22

 

Total restructuring, asset-related, and other charges

 

$

16

 

 

$

6

 

 

$

80

 

 

The following table sets forth the impacts of the Company’s restructuring programs to segment earnings for the years ended December 31, 2022, 2021 and 2020.

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Restructuring and other charges:

 

 

 

 

 

 

 

 

 

Plant and product line closures:

 

 

 

 

 

 

 

 

 

Other Segment

 

$

2

 

 

$

13

 

 

$

4

 

Corporate and Other

 

 

 

 

 

 

 

 

1

 

Total plant and product line closures

 

 

2

 

 

 

13

 

 

 

5

 

2022, 2020, and 20191 restructuring programs:

 

 

 

 

 

 

 

 

 

Titanium Technologies

 

 

1

 

 

 

 

 

 

3

 

Thermal & Specialized Solutions

 

 

1

 

 

 

 

 

 

2

 

Advanced Performance Materials

 

 

3

 

 

 

(1

)

 

 

5

 

Other Segment

 

 

 

 

 

 

 

 

1

 

Corporate and Other

 

 

4

 

 

 

 

 

 

4

 

Total restructuring programs

 

 

9

 

 

 

(1

)

 

 

15

 

Other charges:

 

 

 

 

 

 

 

 

 

Titanium Technologies

 

 

 

 

 

 

 

 

1

 

Advanced Performance Materials

 

 

 

 

 

1

 

 

 

 

Other Segment

 

 

 

 

 

(7

)

 

 

37

 

Total other charges

 

 

 

 

 

(6

)

 

 

38

 

Total restructuring and other charges

 

 

11

 

 

 

6

 

 

 

58

 

Asset-related charges:

 

 

 

 

 

 

 

 

 

Titanium Technologies

 

 

5

 

 

 

 

 

 

 

Advanced Performance Materials

 

 

 

 

 

 

 

 

10

 

Other Segment

 

 

 

 

 

 

 

 

8

 

Corporate and Other

 

 

 

 

 

 

 

 

4

 

Total asset-related charges

 

 

5

 

 

 

 

 

 

22

 

Total restructuring, asset-related, and other charges

 

$

16

 

 

$

6

 

 

$

80

 

(1)
Year ended December 31, 2020 includes $3 of employee separation charges relating to the 2019 restructuring program. All remaining actions related to this program were completed in 2020.
Schedule of Restructuring Charges

The following table sets forth the change in the Company’s employee separation-related liabilities associated with its restructuring programs for the years ended December 31, 2022 and 2021.

 

 

 

Site Closures

 

 

2022, 2020, and 2019 Restructuring Programs

 

 

Total

 

Balance at January 1, 2021

 

$

2

 

 

$

5

 

 

$

7

 

Credits to income

 

 

(1

)

 

 

(1

)

 

 

(2

)

Payments

 

 

 

 

 

(4

)

 

 

(4

)

Balance at December 31, 2021

 

 

1

 

 

 

 

 

 

1

 

Charges to income

 

 

 

 

 

9

 

 

 

9

 

Payments

 

 

(1

)

 

 

(3

)

 

 

(4

)

Balance at December 31, 2022

 

$

 

 

$

6

 

 

$

6