Commitments and Contingent Liabilities (Tables)

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Schedule of Environmental Loss Contingencies

	As of December 31, 2023
(In millions)	Indemnification Asset		Accrual balance3		Potential exposure above amount accrued3
Environmental Remediation Stray Liabilities
Chemours related obligations - subject to indemnity1,2	$	150	$	150	$	286
Other discontinued or divested businesses obligations1	44		65		198
Environmental remediation liabilities primarily related to DuPont - subject to indemnity from DuPont2	59		63		63
Environmental remediation liabilities not subject to indemnity	—		106		78
Indemnification liabilities related to the MOU4	26		117		29
Total	$	279	$	501	$	654

1.Represents liabilities that are subject to the $200 million threshold and sharing arrangements as discussed on page F-39, under the header "Corteva Separation Agreement."

2.The company has recorded an indemnification asset related to these accruals, including $31 million related to the Superfund sites.

3.Accrual balance represents management’s best estimate of the costs of remediation and restoration, although it is reasonably possible that the potential exposure, as indicated, could range above the amounts accrued, as there are inherent uncertainties in these estimates. Accrual balance includes $55 million for remediation of Superfund sites. Amounts do not include possible impacts from the remediation elements of the EPAs October 2021 PFAS Strategic Roadmap (as applicable), except as disclosed on page F-44 relating to Chemours' remediation activities at the Fayetteville Works Facility pursuant to the Consent Order with the North Carolina Department of Environmental Quality ("NC DEQ").

4.Represents liabilities that are subject to the $150 million threshold and sharing agreements as discussed on page F-38, under the header "Chemours / Performance Chemicals."