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SEGMENTS AND GEOGRAPHIC REGIONS (Tables)
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Net Trade Revenue and Long-lived Assets by Geographic Region
Sales are attributed to geographic regions based on customer location; long-lived assets are attributed to geographic regions based on asset location.
Net Trade Revenue by Geographic Region202420232022
(In millions) For the years ended December 31,
United States$4,102 $3,914 $4,066 
Canada273 271 293 
EMEA 1
2,146 2,203 2,193 
Asia Pacific 2
5,368 5,191 6,022 
Latin America497 489 443 
Total$12,386 $12,068 $13,017 
1.Europe, Middle East and Africa.
2. Net sales attributed to China/Hong Kong, for the years ended December 31, 2024, 2023 and 2022 were $2,345 million, $2,206 million, and $2,744 million, respectively.

Long-lived Assets by Geographic RegionDecember 31,
In millions202420232022
United States$3,590 $3,559 $3,501 
Canada60 54 49 
EMEA 1
1,259 1,336 1,271 
Asia Pacific823 896 883 
Latin America36 39 27 
Total$5,768 $5,884 $5,731 
1.Europe, Middle East and Africa.
Schedule of Segment Information
Segment Revenue, Significant Segment Expenses and Segment Operating EBITDAFor the years ended December 31,
202420232022
(In millions)ElectronicsCoIndustrialsCoElectronicsCoIndustrialsCoElectronicsCoIndustrialsCo
Segment net sales$4,336 $8,050 $4,034 $8,034 $4,757 $8,179 
Less 1:
Cost of sales$2,338 $5,467 $2,283 $5,529 $2,608 $5,702 
Selling, general and administrative expenses567 885 495 801 493 793 
Research and development expenses314 214 304 201 333 194 
Amortization of intangibles & other segment items 2
214 362 256 333 269 306 
Add:
Equity in earnings of nonconsolidated affiliates$37 $30 $16 $35 $31 $39 
Depreciation and amortization 3
432 767 442 710 444 671 
Segment Operating EBITDA$1,372 $1,919 $1,154 $1,915 $1,529 $1,894 
1.The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker.
2.Other segment items include immaterial other gains or losses and miscellaneous income and expenses.
3.Depreciation is a reconciling item to Segment Operating EBITDA as it is included within Cost of sales, Selling, general and administrative expenses and Research and development expenses.
Segment and Corporate InformationElectronicsCoIndustrialsCoCorporateTotal
In millions
For the Year Ended December 31, 2024
Assets of continuing operations$13,514 $19,430 $3,692 $36,636 
Investment in nonconsolidated affiliates382 278 118 778 
Capital expenditures271 348 — 619 
For the Year Ended December 31, 2023
Assets of continuing operations$13,759 $19,970 $4,823 $38,552 
Investment in nonconsolidated affiliates386 280 122 788 
Capital expenditures255 335 — 590 
For the Year Ended December 31, 2022
Assets of continuing operations$14,226 $19,082 $6,756 $40,064 
Investment in nonconsolidated affiliates396 290 — 686 
Capital expenditures242 417 — 659 
Schedule of Reconciliation of Income (Loss) from Continuing Operations
Reconciliation of Segment Operating EBITDA to Income from continuing operations before income taxesFor the years ended December 31,
(In millions)202420232022
ElectronicsCo Segment Operating EBITDA$1,372 $1,154 $1,529 
IndustrialsCo Segment Operating EBITDA1,919 1,915 1,894 
Total Segment Operating EBITDA$3,291 $3,069 $3,423 
+Corporate Operating EBITDA$(147)$(127)$(162)
-Depreciation and amortization1,194 1,147 1,135 
+
Interest income 1
73 155 50 
-
Interest expense 2
364 396 486 
+
Non-operating pension/OPEB benefit costs (credits) 1
18 (9)28 
+
Foreign exchange gains (losses), net 1
3 (73)15 
-Future reimbursable indirect costs— 7 52 
+Significant items charge(488)(961)(233)
Income from continuing operations before income taxes$1,192 $504 $1,448 
1.Included in "Sundry income (expense) - net."
2.The years ended December 31, 2024 and 2022 excludes significant items, refer to details below.
Capital Expenditure Reconciliation to Consolidated Financial Statements202420232022
In millions
Segment Totals$619 $590 $659 
Other 1
(40)29 3 
Total$579 $619 $662 
1.Reflects the incremental cash spent or unpaid on capital expenditures; total capital expenditures are presented on a cash basis.
Schedule of Significant Items by Segment
The following tables summarize the pre-tax impact of significant items that are excluded from Operating EBITDA above:
Significant Items for the Year Ended December 31, 2024ElectronicsCoIndustrialsCoCorporateTotal
In millions
Acquisition, integration and separation costs 1
$— $(12)$(156)$(168)
Restructuring and asset related charges - net 2
(4)(78)(5)(87)
Inventory write-offs 3
— (25)— (25)
Inventory step-up amortization 4
— (2)— (2)
Loss on debt extinguishment 5
— — (74)(74)
Interest rate swap items 6
— — (140)(140)
Income tax items 7
— — 8 8 
Total$(4)$(117)$(367)$(488)
1. Acquisition, integration and separation costs related to the Previously Intended Business Separations and the Intended Electronics Separation, and the acquisitions of Spectrum and Donatelle Plastics.
2. Includes restructuring actions and asset related charges. See Note 6 for additional information.
3. Reflects inventory write-offs recorded in “Cost of Sales” in connection with restructuring actions. See Note 6 for additional information.
4. Reflects the amortization of an inventory step-up adjustment related the Donatelle Plastics Acquisition.
5. Reflects the loss on extinguishment of debt related to the partial redemption of an aggregate principal amount of the 2038 Notes. Refer to Note 15 for further details.
6. Includes the non-cash mark-to-market loss related to the 2022 Swaps and 2024 Swaps, net interest settlement loss related to the 2022 Swaps and $2 million of basis amortization on the 2022 Swaps. Refer to Note 21 for further details.
7. Reflects the impact of an indemnified international tax audit.

Significant Items for the Year Ended December 31, 2023ElectronicsCoIndustrialsCoCorporateTotal
In millions
Acquisition, integration and separation costs 1
$— $(20)$— $(20)
Restructuring and asset related charges - net 2
(38)(66)(42)(146)
Goodwill impairment charge 3
— (804)— (804)
Gain on divestiture 4
7 1 1 9 
Total$(31)$(889)$(41)$(961)
1. Acquisition, integration and separation costs related to the Spectrum Acquisition.
2. Includes restructuring actions and asset related charges. See Note 6 for additional information.
3. Reflects a non-cash goodwill impairment charge in the former Protection reporting unit (which is now split among the Healthcare, Aramids and Shelter reporting units), within the former Water & Protection segment (currently the IndustrialsCo segment). See Note 14 for additional information.
4. Reflected in "Sundry income (expense) - net."

Significant Items for the Year Ended December 31, 2022ElectronicsCoIndustrialsCoCorporateTotal
In millions
Acquisition, integration and separation costs 1
$— $— $(193)$(193)
Restructuring and asset related charges - net 2
(19)(22)(20)(61)
Asset impairment charges 3
(94)— — (94)
Gain on divestiture 4
— 37 32 69 
Terminated Intended Rogers Acquisition financing fees 5
— — (6)(6)
Employee Retention Credit 6
20 20 12 52 
Total$(93)$35 $(175)$(233)
1. Acquisition, integration and separation costs related to strategic initiatives including the sale of the Biomaterials business unit, the acquisition of Laird PM, and the termination fee of $162.5 million associated with the Terminated Intended Rogers Corporation Acquisition.
2. Includes restructuring actions and asset related charges. See Note 6 for additional information.
3. Relates to an impairment of an equity method investment. See Note 6 for additional information.
4. Reflected in "Sundry income (expense) - net." See Note 7 for additional information.
5. Includes acquisition costs associated with the Terminated Intended Rogers Corporation Acquisition related to the financing agreements, specifically the structuring fees and the amortization of the commitment fees reflected in "Interest Expense."
6. Employee Retention Credit pursuant to the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act as enhanced by the Consolidated Appropriations Act (“CAA”) and American Rescue Plan Act (“ARPA”) reflected in "Cost of sales," "Research and development expenses" and "Selling, general and administrative expenses."
Schedule of Total Asset Reconciliation
Total Asset Reconciliation at December 31,202420232022
In millions
Assets of continuing operations$36,636 $38,552 $40,064 
Assets of discontinued operations— — 1,291 
Total assets$36,636 $38,552 $41,355