v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company operates in two principal operating segments, which are the Company's reportable segments, Housing and Infrastructure Products and Performance and Essential Materials. 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 June 30,Six Months Ended June 30,
2026202520262025
Net external sales
Housing and Infrastructure Products
Housing Products$1,011 $980 $1,799 $1,818 
Infrastructure Products241 180 446 338 
Total Housing and Infrastructure Products1,252 1,160 2,245 2,156 
Performance and Essential Materials
Performance Materials1,236 1,022 2,239 2,078 
Essential Materials783 771 1,439 1,565 
Total Performance and Essential Materials2,019 1,793 3,678 3,643 
Total reportable segments and consolidated
$3,271 $2,953 $5,923 $5,799 
Intersegment sales
Housing and Infrastructure Products
$— $— $— $— 
Performance and Essential Materials133 117 231 225 
Total reportable segments$133 $117 $231 $225 
Significant segment expenses
Housing and Infrastructure Products
Raw material, energy, manufacturing and logistics costs$866 $778 $1,637 $1,465 
Depreciation and amortization42 36 82 71 
Total cost of sales$908 $814 $1,719 $1,536 
Selling, general and administrative expenses112 105 217 213 
Depreciation and amortization20 19 40 37 
Restructuring, transaction and integration-related costs— — 1 — 
Performance and Essential Materials
Raw material, energy, manufacturing and logistics costs$1,626 $1,776 $3,246 $3,560 
Depreciation and amortization
209 223 417 437 
Total cost of sales
$1,835 $1,999 $3,663 $3,997 
Selling, general and administrative expenses
117 101 227 204 
Depreciation and amortization
13 13 26 26 
Restructuring, transaction and integration-related costs2 115 19 122 
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Income (loss) from operations
Housing and Infrastructure Products
$212 $222 $268 $370 
Performance and Essential Materials185 (318)(26)(481)
Total reportable segments$397 $(96)$242 $(111)
Depreciation and amortization
Housing and Infrastructure Products
$62 $55 $122 $108 
Performance and Essential Materials222 236 443 463 
Total reportable segments284 291 565 571 
Corporate and other2 4 5 7 
Consolidated$286 $295 $570 $578 
Other income (loss), net
Housing and Infrastructure Products
$2 $(2)$4 $— 
Performance and Essential Materials9 4 18 13 
Total reportable segments11 2 22 13 
Corporate and other18 22 45 48 
Consolidated$29 $24 $67 $61 
Provision for (benefit from) income taxes
Housing and Infrastructure Products
$52 $4 $65 $37 
Performance and Essential Materials20 3 (27)(33)
Total reportable segments72 7 38 4 
Corporate and other(5)(1)(4)3 
Consolidated$67 $6 $34 $7 
Capital expenditures
Housing and Infrastructure Products
$36 $42 $88 $76 
Performance and Essential Materials164 224 313 436 
Total reportable segments200 266 401 512 
Corporate and other7 1 15 3 
Consolidated$207 $267 $416 $515 
A reconciliation of total reportable segments income (loss) from operations to consolidated loss before income taxes is as follows:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Total reportable segments income (loss) from operations$397 $(96)$242 $(111)
Corporate and other loss from operations(33)(13)(50)(30)
Interest expense(55)(40)(111)(79)
Other income, net29 24 67 61 
Income (loss) before income taxes$338 $(125)$148 $(159)
June 30,
2026		December 31,
2025
Total assets
Housing and Infrastructure Products
$5,290 $4,913 
Performance and Essential Materials (1)
12,280 12,091 
Total reportable segments17,570 17,004 
Corporate and other1,869 2,957 
Consolidated$19,439 $19,961 
______________________________
(1)Includes equity method investments of $1,028 and $1,062 as of June 30, 2026 and December 31, 2025, respectively