Acquisitions, Dispositions and Plant Closures

3 Months Ended

Mar. 31, 2026

Acquisitions, Dispositions and Plant Closures [Abstract]

Acquisitions, Dispositions and Plant Closures

Acquisitions, Dispositions and Plant Closures

Dispositions

•Micromax

On February 2, 2026, the Company completed the sale of the Micromax® business to Element Solutions Inc for a purchase price of $493 million, subject to customary transaction adjustments, resulting in a gain of $50 million included in Gain (loss) on disposition of businesses and assets, net in the unaudited interim consolidated statements of operations. The divestiture did not represent a strategic shift in the Company's future operations and financial results. The Micromax® business is included in the Engineered Materials segment and is classified as held for sale in the unaudited consolidated balance sheets as of December 31, 2025.

Plant Closures

•Lanaken, Belgium

Exit and shutdown costs related to plant closures are as follows:

	Three Months Ended March 31, 2026
	(In $ millions)
Lanaken, Belgium(1)
Restructuring (Note 18)	8
Accelerated depreciation expense(2)	19
Total	27

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(1)In October 2025, the Company announced the intended closure of its facility in Lanaken, Belgium to streamline the Company's production costs across its global network. This operation is included in the Company's Acetyl Chain segment. The Company intends to permanently cease all manufacturing operations during the second half of 2026.

The Company expects to incur additional exit and shutdown costs related to the intended closure of its facility in Lanaken, Belgium of $100 million, including employee termination costs, through 2027.

(2)Included in Cost of sales in the unaudited interim consolidated statements of operations.