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Segment Information
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment Information Segment Information
Business Segments
The Company operates through business segments according to the nature and economic characteristics of its products and customer relationships, as well as the manner in which the information is used internally by the Company's chief operating decision maker ("CODM"), who is the Company's President and Chief Executive Officer.
The Company's CODM regularly reviews the Operating profit of each reportable segment to assess financial results and allocate resources. Operating profit is assessed against forecast and prior periods to evaluate and assess segment results. Operating profit is also reported on the consolidated statement of operations. The Company has disclosed for each reportable segment the significant expense categories that are reviewed by the CODM in the tables below.
The Company's business segments are as follows:
•Engineered Materials
The Company's Engineered Materials segment includes the engineered materials business and certain strategic affiliates. The engineered materials business develops, produces and supplies a broad portfolio of high performance specialty polymers for automotive and medical applications, as well as industrial products and consumer electronics. Together with its strategic affiliates, the Company's engineered materials business participates in the global specialty polymers industry. The primary products of Engineered Materials are used in a broad range of end-use products including fuel system components, automotive safety systems, medical applications, consumer electronics, appliances, industrial products, battery separators, filtration equipment, coatings, and electrical applications and products.
•Acetyl Chain
The Company's Acetyl Chain segment includes the integrated chain of acetic acid, vinyl acetate monomer ("VAM"), acetic anhydride, acetate esters, emulsion polymers, ethylene vinyl acetate ("EVA") polymers, redispersible powders ("RDP"), and acetate tow businesses. The Company's acetyl chain business produces and supplies acetyl products, including acetic acid, VAM, acetic anhydride and acetate esters. These products are generally used as starting materials for colorants, paints, adhesives, coatings and pharmaceuticals. It also produces organic solvents and intermediates for pharmaceutical, agricultural
and chemical products. The Company's emulsion polymers business is a leading global producer of vinyl acetate-based emulsions and develops products and application technologies to improve performance, create value and drive innovation in applications such as paints and coatings, adhesives, construction, glass fiber, textiles and paper. The Company's EVA polymers business is a leading North American manufacturer of a full range of specialty EVA resins and compounds, as well as select grades of low-density polyethylene. The Company's EVA polymers products are used in many applications, including flexible packaging films, lamination film products, hot melt adhesives, automotive parts and carpeting. The Company's RDP business is a leading global producer of redispersible polymer powders. The Company's RDP products are used in a variety of applications in the mortar industry, including decorative mortar, exterior insulation and finish systems, gypsum-based materials, plaster and render, self-leveling floor systems, skim coat and tile adhesives. The Company's acetate tow business is a leading global producer and supplier of acetate tow and acetate flake, primarily used in filter products applications.
•Other Activities
Other Activities primarily consists of corporate center costs, including administrative activities such as finance, taxes, information technology and human resource functions, interest income and expense associated with financing activities and results of the Company's captive insurance companies. Other Activities also includes the components of net periodic benefit cost (interest cost, expected return on assets and net actuarial gains and losses) for the Company's defined benefit pension plans and other postretirement plans not allocated to the Company's business segments.
The business segment management reporting and controlling systems are based on the same accounting policies as those described in the summary of significant accounting policies (Note 2).
Sales transactions between business segments are generally recorded at cost plus a mark-up.
Engineered
Materials		Acetyl ChainOther
Activities		EliminationsConsolidated
(In $ millions)
Year Ended December 31, 2025
Net sales5,390 4,232 (1)— (78)9,544 
Cost of sales(4,147)(3,525)2 78 (7,592)
Gross profit1,243 707 2 — 1,952 
Selling, general and administrative expenses(401)(111)(387)— (899)
Amortization of intangible assets(162)(2)— — (164)
Research and development expenses(85)(40)— — (125)
Other (charges) gains, net (Note 24)
(1,552)(11)(18)— (1,581)
Gain (loss) on disposition of business and assets, net(1)(4)— — (5)
Other segment items(2)
— — 36 — 36 
Operating profit (loss)(958)539 (367)— (786)
Depreciation and amortization
447 263 50 — 760 
Equity in net earnings (loss) of affiliates
105 10 12 — 127 
Capital expenditures167 135 24 — 326 (3)
As of December 31, 2025
Goodwill and intangible assets, net6,917 438 — — 7,355 
Total assets13,971 5,302 2,422 — 21,695 
Engineered
Materials		Acetyl ChainOther
Activities		EliminationsConsolidated
(In $ millions)
Year Ended December 31, 2024
Net sales5,595 4,763 (1)— (90)10,268 
Cost of sales(4,376)(3,650)4 90 (7,932)
Gross profit1,219 1,113 4 — 2,336 
Selling, general and administrative expenses(435)(121)(477)— (1,033)
Amortization of intangible assets(157)(2)— — (159)
Research and development expenses(90)(40)— — (130)
Other (charges) gains, net (Note 24)
(1,724)— (20)— (1,744)
Gain (loss) on disposition of business and assets, net(10)(4)— — (14)
Other segment items(2)
— — 24 — 24 
Operating profit (loss)(1,197)946 (469)— (720)
Depreciation and amortization
510 244 47 — 801 
Equity in net earnings (loss) of affiliates
172 10 14 — 196 
Capital expenditures211 151 52 — 414 (3)
As of December 31, 2024
Goodwill and intangible assets, net
8,617 411 — — 9,028 
Total assets15,485 5,2572,096 — 22,838 
Year Ended December 31, 2023
Net sales6,135 4,884 (1)— (93)10,926 
Cost of sales(4,828)(3,610)2 93 (8,343)
Gross profit1,307 1,274 2 — 2,583 
Selling, general and administrative expenses(436)(119)(522)— (1,077)
Amortization of intangible assets(162)(2)— — (164)
Research and development expenses(97)(40)(9)— (146)
Other (charges) gains, net (Note 24)
(56)(4)(8)— (68)
Gain (loss) on disposition of business and assets, net509 (4)— — 505 
Other segment items(2)
— — 32 — 32 
Operating profit (loss)1,065 1,105 (505)— 1,665 
Depreciation and amortization
462 217 27 — 706 
Equity in net earnings (loss) of affiliates
83 6 13 — 102 
Capital expenditures237 207 98 — 542 (3)
______________________________
(1)Includes intersegment sales of $78 million, $90 million and $93 million for the years ended December 31, 2025, 2024 and 2023, respectively.
(2)Includes Foreign exchange gain (loss), net.
(3)Includes a decrease in accrued capital expenditures of $17 million, a decrease in accrued capital expenditures of $21 million and a decrease in accrued capital expenditures of $26 million for the years ended December 31, 2025, 2024 and 2023, respectively.
Geographical Area Information
Net sales to external customers based on geographic location are as follows:
Year Ended December 31,
202520242023
(In $ millions)
Belgium2 400 499 
Brazil127 140 140 
Canada108 127 146 
Germany750 2,201 2,468 
Greater China
1,792 1,984 1,952 
India148 155 150 
Japan290 278 312 
Mexico243 344 361 
Singapore707 1,001 1,146 
South Korea127 140 154 
Switzerland2,470 294 223 
U.S.2,568 2,736 2,807 
Other212 468 568 
Total9,544 10,268 10,926 
Property, plant and equipment, net based on the geographic location of the Company's facilities is as follows:
As of December 31,
20252024
(In $ millions)
Belgium54 60 
Canada114 121 
Germany834 795 
Greater China
672 659 
Italy83 76 
Netherlands57 49 
Singapore70 81 
South Korea28 70 
Switzerland59 57 
United Kingdom106 107 
U.S.2,868 3,001 
Other131 197 
Total5,076 5,273