Segment and Related Information (Tables)

12 Months Ended

Dec. 31, 2025

Segment and Related Information [Abstract]

Segment Information

Segment revenues, expenses, operating income, and a reconciliation of the operating segment totals to the applicable line items on the Consolidated Financial Statements is as follows:

	Year Ended December 31,
	2025								2024
		Consumer &		Engineered						Consumer &		Engineered
(in millions of dollars)		Specialties		Solutions			Total			Specialties		Solutions			Total
Net sales	$	1,097.7	$	974.9		$	2,072.6		$	1,140.2	$	978.3		$	2,118.5
Cost of goods sold		875.3		679.3			1,554.6			890.4		680.4			1,570.8
Segment production margin		222.4		295.6			518.0			249.8		297.9			547.7
Marketing and administrative expenses		75.7		122.8			198.5			71.7		125.8			197.5
Research and development expenses		13.1		9.8			22.9			12.6		10.4			23.0
Restructuring and other items		9.6		3.0			12.6			-		-			-
Gain on sale of assets, net		-		(9.9	)		(9.9	)		-		(12.3	)		(12.3	)
Segment income from operations	$	124.0	$	169.9		$	293.9		$	165.5	$	174.0		$	339.5

	Year Ended December 31,
	2023
		Consumer &		Engineered
(in millions of dollars)		Specialties		Solutions		Total
Net sales	$	1,160.2	$	1,009.7	$	2,169.9
Cost of goods sold		938.5		724.3		1,662.8
Segment production margin		221.7		285.4		507.1
Marketing and administrative expenses		69.2		124.7		193.9
Research and development expenses		11.5		9.7		21.2
Restructuring and other items		0.9		3.2		4.1
Impairment of assets		71.7		-		71.7
Litigation expenses		26.8		-		26.8
Segment income from operations	$	41.6	$	147.8	$	189.4

Segment information for the years ended December 31, 2025, 2024 and 2023 was as follows:

	Year Ended December 31,
(in millions of dollars)		2025		2024		2023
Depreciation, Depletion & Amortization
Consumer & Specialties	$	43.4	$	47.2	$	47.3
Engineered Solutions		47.8		47.7		47.7
Total	$	91.2	$	94.9	$	95.0
Segment Assets
Consumer & Specialties	$	1,333.4	$	1,289.4	$	1,244.8
Engineered Solutions		2,043.9		2,028.0		2,028.5
Corporate		91.7		76.5		73.3
Total	$	3,469.0	$	3,393.9	$	3,346.6
Capital Expenditures
Consumer & Specialties	$	67.6	$	45.2	$	56.8
Engineered Solutions		34.9		39.3		31.2
Corporate		4.6		5.0		5.5
Total	$	107.1	$	89.5	$	93.5

Reconciliation of Segment Income to Consolidated

	Year Ended December 31,
(in millions of dollars)		2025			2024			2023
Segment income from operations	$	293.9		$	339.5		$	189.4
Interest expense, net		(54.5	)		(56.4	)		(59.2	)
Other non-operating deductions, net		(6.9	)		(4.7	)		(4.9	)
Unallocated expenses:
Provision for litigation accrual and credit losses		215.0			30.0			-
Restructuring and other items		2.2			-			2.8
Acquisition-related expenses		-			-			0.3
Litigation expenses		19.6			11.3			2.4
Unallocated corporate expenses		9.7			11.7			12.1
Debt extinguishment expenses		-			(1.8	)		-
Income (loss) before tax and equity in earnings	$	(14.0	)	$	223.6		$	107.7

Financial Information Related to Operations by Geographic Area

Financial information relating to the Company’s operations by geographic area was as follows:

	Year Ended December 31,
(in millions of dollars)		2025		2024		2023
Net Sales
United States	$	1,075.0	$	1,089.4	$	1,144.0
Canada/Latin America		136.9		151.2		150.2
Europe/Africa		498.5		521.1		525.5
Asia		362.2		356.8		350.2
Total International	$	997.6	$	1,029.1	$	1,025.9
Consolidated net sales	$	2,072.6	$	2,118.5	$	2,169.9
Long-Lived Assets
United States	$	1,845.0	$	1,849.1	$	1,842.0
Canada/Latin America		17.0		14.6		17.7
Europe/Africa		166.5		147.3		157.0
Asia		121.1		110.6		114.7
Total International	$	304.6	$	272.5	$	289.4
Consolidated long-lived assets	$	2,149.6	$	2,121.6	$	2,131.4

Net Sales by Product Category

The Company’s net sales by product category are as follows:

	Year Ended December 31,
(in millions of dollars)		2025		2024		2023
Household & Personal Care	$	512.8	$	530.0	$	517.6
Specialty Additives		584.9		610.2		642.6
High-Temperature Technologies		704.7		713.2		720.9
Environmental & Infrastructure		270.2		265.1		288.8
Total net sales	$	2,072.6	$	2,118.5	$	2,169.9