| 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 for the years ended December 31, 2024, 2023 and 2022.
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Year Ended December 31, |
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2024 |
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2023 |
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2022 |
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Net sales by geographic region (1) |
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North America: |
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Thermal & Specialized Solutions |
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$ |
1,029 |
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$ |
1,076 |
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$ |
996 |
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Titanium Technologies |
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1,026 |
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1,054 |
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1,285 |
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Advanced Performance Materials |
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499 |
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556 |
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632 |
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Other Segment |
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35 |
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59 |
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71 |
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Total North America |
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2,589 |
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2,745 |
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2,984 |
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Asia Pacific: |
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Thermal & Specialized Solutions |
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200 |
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192 |
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178 |
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Titanium Technologies |
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657 |
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704 |
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928 |
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Advanced Performance Materials |
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518 |
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554 |
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657 |
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Other Segment |
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11 |
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12 |
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24 |
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Total Asia Pacific |
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1,386 |
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1,462 |
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1,787 |
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Europe, the Middle East, and Africa: |
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Thermal & Specialized Solutions |
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362 |
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369 |
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320 |
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Titanium Technologies |
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511 |
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519 |
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695 |
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Advanced Performance Materials |
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258 |
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297 |
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283 |
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Other Segment |
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7 |
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12 |
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17 |
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Total Europe, the Middle East, and Africa |
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1,138 |
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1,197 |
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1,315 |
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Latin America (2): |
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Thermal & Specialized Solutions |
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239 |
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214 |
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208 |
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Titanium Technologies |
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378 |
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403 |
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472 |
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Advanced Performance Materials |
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51 |
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55 |
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61 |
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Other Segment |
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1 |
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2 |
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4 |
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Total Latin America |
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669 |
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674 |
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745 |
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Total net sales |
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$ |
5,782 |
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$ |
6,078 |
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$ |
6,831 |
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(1)Net sales are attributed to countries based on customer location. (2)Latin America includes Mexico. The following table sets forth a disaggregation of the Company’s net sales by product group and segment for the years ended December 31, 2024, 2023 and 2022. Certain prior period amounts have been recast in order to conform with current presentation of Thermal & Specialized Solutions net sales disaggregation.
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Year Ended December 31, |
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2024 |
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2023 |
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2022 |
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Net sales by product group and segment |
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OpteonTM refrigerants |
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$ |
810 |
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$ |
710 |
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$ |
597 |
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FreonTM refrigerants |
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614 |
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722 |
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750 |
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Foam, propellants, and other |
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406 |
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419 |
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355 |
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Total Thermal & Specialized Solutions |
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1,830 |
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1,851 |
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1,702 |
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Titanium dioxide and other minerals |
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2,572 |
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2,680 |
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3,380 |
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Total Titanium Technologies |
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2,572 |
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2,680 |
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3,380 |
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Advanced materials |
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808 |
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916 |
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1,140 |
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Performance solutions |
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518 |
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546 |
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493 |
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Total Advanced Performance Materials |
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1,326 |
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1,462 |
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1,633 |
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Performance chemicals and intermediates |
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54 |
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85 |
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116 |
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Total Other Segment |
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54 |
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85 |
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116 |
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Total net sales |
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$ |
5,782 |
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$ |
6,078 |
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$ |
6,831 |
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