v3.26.1
Supplemental Information (Tables)
 6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Changes in Investment The Company accounts for its investment in LACC under the equity method of accounting and the change for the six months ended June 30, 2026 was as follows:
Investment in LACC
Balance at December 31, 2025$991 
Depreciation and amortization(27)
Balance at June 30, 2026$964 
Contract with Customer, Contract Asset, Contract Liability, and Receivable
The total contract liabilities, primarily included in other liabilities on the balance sheet, were as follows:
Six Months Ended June 30,
20262025
Balance at January 1,
$147 $62 
Revenues recognized that were included in the contract liability
    balances at the beginning of the period
(4)(2)
Increases due to cash received and due, excluding amounts recognized as
    revenues during the period
15 — 
Balance at June 30,$158 $60 
Restructuring and Related Costs
The following table sets forth the accrual activity related to the closure of the Pernis facility included in accrued and other liabilities, and other liabilities in the Company's consolidated balance sheets and the cumulative charges recognized:
Asset Retirement ObligationsSeverance and Separation Costs
Contract Termination and Other Costs
Total
Balances at December 31, 2025$99 $25 $102 $226 
2026 charges and change in estimates4 2 (2)4 
Payments
(13)(11)(4)(28)
Foreign currency translation
(2)— (2)(4)
Balances at March 31 202688 16 94 198 
2026 charges and change in estimates(3)1 (2)(4)
Payments(11)(2)(4)(17)
Foreign currency translation
(1)(1)— (2)
Balances at June 30, 2026$73 $14 $88 $175 
Cumulative charges recognized as of June 30, 2026$123 $30 $154 $307 
The following table sets forth the accrual activity related to the closure of the Chlorovinyls and Styrene facilities included in accrued and other liabilities, and other liabilities in the Company's consolidated balance sheets:
Asset Retirement ObligationsSeverance and Separation Costs
Other Plant Shutdown Costs
Total
Balances at December 31, 2025$52 $17 $7 $76 
2026 charges and change in estimates
— 3 8 11 
Payments
(18)(16)(10)(44)
Balances at March 31, 202634 4 5 43 
2026 charges and change in estimates2 1 4 7 
Payments(16)(1)(7)(24)
Balances at June 30, 2026$20 $4 $2 $26 
Cumulative charges recognized as of June 30, 2026$54 $21 $19 $94