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Segment Information (Tables)
 6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Reportable Segments Summarized Financial Information
Segment information for the three-month and six-month periods ended June 30, 2023 and 2022 were as follows (in thousands). Prior period amounts have been recast to reflect the current segment structure.
Three Months Ended
June 30,		Six Months Ended
June 30,
2023202220232022
Net sales:
Energy Storage$1,763,065 $802,393 $3,706,747 $1,266,097 
Specialties371,302 466,875 790,080 913,022 
Ketjen235,823 210,325 453,615 428,202 
Total net sales$2,370,190 $1,479,593 $4,950,442 $2,607,321 
Adjusted EBITDA:
Energy Storage$932,023 $483,517 $2,338,204 $768,764 
Specialties60,200 147,374 222,358 299,976 
Ketjen42,882 9,792 57,425 26,702 
Total segment adjusted EBITDA1,035,105 640,683 2,617,987 1,095,442 
Corporate(2,839)(30,474)9,998 (53,303)
Total adjusted EBITDA$1,032,266 $610,209 $2,627,985 $1,042,139 
Depreciation and amortization:
Energy Storage$56,540 $38,814 $108,702 $73,860 
Specialties21,299 16,910 41,191 33,063 
Ketjen13,084 13,175 26,227 26,096 
Corporate2,162 2,094 4,236 4,548 
Total depreciation and amortization$93,085 $70,993 $180,356 $137,567 
See below for a reconciliation of total segment adjusted EBITDA to the companies consolidated Net income attributable to Albemarle Corporation, the most directly comparable financial measure calculated and reported in accordance with U.S. GAAP (in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2023202220232022
Total segment adjusted EBITDA$1,035,105 $640,683 $2,617,987 $1,095,442 
Corporate expenses, net(2,839)(30,474)9,998 (53,303)
Depreciation and amortization(93,085)(70,993)(180,356)(137,567)
Interest and financing expenses(a)
(25,577)(41,409)(52,354)(69,243)
Income tax expense(42,987)(89,018)(319,950)(169,548)
Loss on sale of interest in properties, net(b)
— — — (8,400)
Acquisition and integration related costs(c)
(6,502)(5,375)(11,610)(7,099)
Non-operating pension and OPEB items(612)5,038 (1,213)10,318 
Mark-to-market gain on public equity securities(d)
15,020 — 60,846 — 
Legal accrual(e)
(218,510)— (218,510)— 
Other(f)
(9,970)(1,679)(16,215)(444)
Net income attributable to Albemarle Corporation$650,043 $406,773 $1,888,623 $660,156 
(a)Included in Interest and financing expenses for the three and six months ended June 30, 2022 was a loss on early extinguishment of debt of $19.2 million following the May 2022 repayment of Senior Notes due in 2024. In addition, Interest and financing expenses for the six months ended June 30, 2022 is the correction of an out of period error of $17.5 million related to the overstatement of capitalized interest in prior periods.
(b)Expense recorded as a result of revised estimates of the obligation to construct certain lithium hydroxide conversion assets in Kemerton, Western Australia, due to cost overruns from supply chain, labor and COVID-19 pandemic related issues. The corresponding obligation was recorded in Accrued liabilities to be transferred to MRL, which maintains a 40% ownership interest in these Kemerton assets.
(c)Costs related to the acquisition, integration and potential divestitures for various significant projects, recorded in Selling, general and administrative expenses (“SG&A”).
(d)Gain recorded in Other income, net for the three and six months ended June 30, 2023, resulting from the increase in fair value of investments in public equity securities.
(e)Accrual recorded in SG&A for the agreements in principle to resolve a previously disclosed legal matter with the DOJ, SEC and DPP. See Note 9, “Commitments and Contingencies,” for further details.
(f)Included amounts for the three months ended June 30, 2023 recorded in:
•SG&A - $7.4 million of severance costs in the Ketjen business which are primarily expected to be paid out during 2023, $0.7 million of facility closure expenses related to offices in Germany and $0.6 million primarily related to shortfall contributions for a multiemployer plan financial improvement plan.
•Other income, net - $3.9 million of a loss resulting from the adjustment of indemnification related to previously disposed businesses, partially offset by a $2.7 million gain in the fair value of preferred equity of a Grace subsidiary.
Included amounts for the three months ended June 30, 2022 recorded in:
•Cost of goods sold - $0.5 million of expense related to the settlement of a legal matter resulting from a prior acquisition.
•SG&A - $1.1 million primarily related to facility closure expenses of offices in Germany.
Included amounts for the six months ended June 30, 2023 recorded in:
•SG&A - $7.4 million of severance costs in the Ketjen business which are primarily expected to be paid out during 2023, $1.9 million of charges primarily for environmental reserves at sites not part of our operations, $1.4 million of facility closure expenses related to offices in Germany and $0.6 million primarily related to shortfall contributions for a multiemployer plan financial improvement plan.
•Other income, net - $3.9 million of a loss resulting from the adjustment of indemnification related to previously disposed businesses and $3.6 million of charges for asset retirement obligations at a site not part of our operations, partially offset by a $2.7 million gain in the fair value of preferred equity of a Grace subsidiary.
Included amounts for the six months ended June 30, 2022 recorded in:
•Cost of goods sold - $0.5 million of expense related to the settlement of a legal matter resulting from a prior acquisition.
•SG&A - $4.3 million of gains from the sale of legacy properties not part of our operations, partially offset by $2.8 million of charges for environmental reserves at sites not part of our operations and $1.1 million of facility closure expenses related to offices in Germany.
•Other income, net - $0.6 million gain related to a settlement received from a legal matter in a prior period.