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Restructuring Charges and Asset Write-Offs (Tables)
 9 Months Ended
Sep. 30, 2025
Restructuring and Related Activities [Abstract]  
Restructuring and Related Costs
The following table provides details of our restructuring related charges for the three-month and nine-month periods ended September 30, 2025 and 2024 (in thousands):
Three Months Ended September 30, 2025
Asset Write-offs(a)
Severance and Employee Benefits(b)
Contract Cancellation Costs(c)
Other(d)
Total
Second Half 2024 Restructuring(e)
$— $— $552 $1,769 $2,321 
Three Months Ended September 30, 2024
Asset Write-offs(a)
Severance and Employee Benefits(b)
Contract Cancellation Costs(c)
Other(d)
Total
First Half 2024 Restructuring(e)
$4,562 $504 $(3,248)$— $1,818 
Second Half 2024 Restructuring(e)
785,005 7,988 42,456 23,597 859,046 
$789,567 $8,492 $39,208 $23,597 $860,864 
Nine Months Ended September 30, 2025
Asset Write-offs(a)
Severance and Employee Benefits(b)
Contract Cancellation Costs(c)
Other(d)
Total
Second Half 2024 Restructuring(e)
$(6,878)$2,184 $1,329 $9,137 $5,772 
Nine Months Ended September 30, 2024
Asset Write-offs(a)
Severance and Employee Benefits(b)
Contract Cancellation Costs(c)
Other(d)
Total
First Half 2024 Restructuring(e)
$280,596 $19,365 $30,233 $5,374 $335,568 
Second Half 2024 Restructuring(e)
785,005 7,988 42,456 23,597 859,046 
$1,065,601 $27,353 $72,689 $28,971 $1,194,614 
(a)    In 2025, the Company received proceeds for certain Kemerton equipment and updated its estimates concerning the progress of construction activities and related contractual obligations, resulting in a net favorable adjustment of asset write-offs. In 2024, asset write-offs included $16.5 million recorded in Cost of goods sold, primarily related to work in process inventory with no future value as a result of the decommissioning of Kemerton Train 2 that was placed into care and maintenance. The remainder of the asset write-offs primarily related to property, plant and equipment of the in-construction Kemerton Trains 3 and 4, and Kemerton Train 2 that was placed into care and maintenance. Asset write-off charges not related to inventories and changes in estimates were recorded in Restructuring charges and asset write-offs.
(b)    Severance and employee benefit charges for global employees terminated during the various restructuring programs were recorded in Restructuring charges and asset write-offs.
(c)    Includes cancellation fees for contractors and required payments under take or pay contracts. All contract cancellation costs and favorable adjustments were recorded in Restructuring charges and asset write-offs.
(d)    Other includes costs to put Kemerton Train 2 and the Chengdu, China conversion plant into care and maintenance and similar restructuring costs, and are recorded in Restructuring charges and asset write-offs. In addition, Other also includes the reclassification of the related dedesignated cash flow hedge from Accumulated other comprehensive loss. A loss of $16.2 million was recorded in Other income (expenses), net, for the three-month and nine-month periods ended September 30, 2024 related to the Second Half 2024
Restructuring and a loss of $5.4 million was recorded in Other income (expenses), net for the nine-month period ended September 30, 2024 related to the First Half 2024 Restructuring.
(e)    Severance and employee benefits related to Corporate and all segments. All other restructuring costs were primarily recorded in the Energy Storage segment.
The following tables summarize the changes in restructuring liabilities for the nine-month period ended September 30, 2025 (in thousands):
Second Half 2024 RestructuringAsset Write-offsSeverance and Employee BenefitsContract Cancellation CostsOtherTotal
Beginning balance at December 31, 2024
$— $15,867 $32,479 $8,811 $57,157 
2025 charges2,142 5,398 — 9,137 16,677 
Change in estimate(a)
(9,020)(3,214)1,329 — (10,905)
Cash payments— (16,136)(9,246)(3,650)(29,032)
Asset write-off/hedge dedesignation6,878 — — (9,137)(2,259)
Foreign currency translation adjustments and other— (29)(168)— (197)
Ending balance at September 30, 2025(b)
$— $1,886 $24,394 $5,161 $31,441 
First Half 2024 RestructuringAsset Write-offsSeverance and Employee BenefitsContract Cancellation CostsOtherTotal
Beginning balance at December 31, 2024
$— $— $2,767 $— $2,767 
Cash payments— — (1,742)— (1,742)
Other— — (1,025)— (1,025)
Ending balance at September 30, 2025(b)
$— $— $— $— $— 
(a)    In 2025, the Company received proceeds for certain Kemerton equipment and updated its estimates concerning the progress of construction activities and related contractual obligation, as well as updated estimates of severance charges in the U.S., resulting in a favorable adjustment of asset write-offs and severance and employee benefits. Additionally, the Company negotiated revised contract cancellation costs with key suppliers, which resulted in adjustments of the restructuring related charges.
(b)    Approximately $19.0 million of the remaining balance is expected to be paid in the next twelve months and are recorded in Accrued expenses as of September 30, 2025. $12.4 million of the liability is recorded in Other noncurrent liabilities as of September 30, 2025, and relates to certain take or pay liabilities that will be paid in line with the terms of the original contract through 2027.