Overview Financials News + Filings Key Docs Charts Transactions Holdings Ownership Insiders
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| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Polyurethanes | 5,019.0 | 3,584.0 | 3,911.0 | 4,282.0 | 3,764.0 | 3,667.0 | 3,811.0 | 5,032.0 |
| Performance Products | 1,485.0 | 1,023.0 | 1,158.0 | 1,301.0 | 1,156.0 | 2,126.0 | 2,501.0 | 3,072.0 |
| Advanced Materials | 1,198.0 | 839.0 | 1,044.0 | 1,116.0 | 1,040.0 | 1,020.0 | 1,103.0 | 1,248.0 |
| Textile Effects | 783.0 | 597.0 | 763.0 | 824.0 | 776.0 | 751.0 | 804.0 | 896.0 |
| Other | | | | 81.0 | 109.0 | | | 1,330.0 |
| Total revenues | 8,453.0 | 6,018.0 | 6,797.0 | 7,604.0 | 6,845.0 | 7,518.0 | 8,139.0 | 11,578.0 |
| Revenue growth [+] | 40.5% | -11.5% | -10.6% | 11.1% | -9.0% | -7.6% | -29.7% | 4.5% |
| Polyurethanes | 40.0% | -8.4% | -8.7% | 13.8% | 2.6% | -3.8% | -24.3% | 1.4% |
| Performance Products | 45.2% | -11.7% | -11.0% | 12.5% | -45.6% | -15.0% | -18.6% | 1.8% |
| Advanced Materials | 42.8% | -19.6% | -6.5% | 7.3% | 2.0% | -7.5% | -11.6% | -1.5% |
| Textile Effects | 31.2% | -21.8% | -7.4% | 6.2% | 3.3% | -6.6% | -10.3% | 10.5% |
| Cost of goods sold | 6,678.0 | 4,918.0 | 5,415.0 | 5,840.0 | 5,194.0 | 6,000.0 | 6,405.0 | 9,659.0 |
| Gross profit | 1,775.0 | 1,100.0 | 1,382.0 | 1,764.0 | 1,651.0 | 1,518.0 | 1,734.0 | 1,919.0 |
| Gross margin | 21.0% | 18.3% | 20.3% | 23.2% | 24.1% | 20.2% | 21.3% | 16.6% |
| Selling, general and administrative | 851.0 | 775.0 | 786.0 | 789.0 | 759.0 | 772.0 | 791.0 | 974.0 |
| Research and development | 150.0 | 135.0 | 137.0 | 145.0 | 132.0 | 137.0 | 143.0 | 158.0 |
| Equity in earnings | 143.0 | 42.0 | 54.0 | 55.0 | 13.0 | 5.0 | 6.0 | 6.0 |
| Other operating expenses | -21.0 | -243.0 | -10.0 | 3.0 | 31.0 | -54.0 | 83.0 | 154.0 |
| EBITDA [+] | 1,234.0 | 758.0 | 793.0 | 1,137.0 | 978.0 | 986.0 | 1,021.0 | 1,084.0 |
| EBITDA growth | 62.8% | -4.4% | -30.3% | 16.3% | -0.8% | -3.4% | -5.8% | 14.1% |
| EBITDA margin | 14.6% | 12.6% | 11.7% | 15.0% | 14.3% | 13.1% | 12.5% | 9.4% |
| Depreciation | 256.0 | 250.0 | 254.0 | 249.0 | 233.0 | 306.0 | 292.0 | 426.0 |
| EBITA | 978.0 | 508.0 | 539.0 | 888.0 | 745.0 | 680.0 | 729.0 | 658.0 |
| EBITA margin | 11.6% | 8.4% | 7.9% | 11.7% | 10.9% | 9.0% | 9.0% | 5.7% |
| Amortization of intangibles | 40.0 | 33.0 | 16.0 | 6.0 | 3.0 | 12.0 | 6.0 | 19.0 |
| EBIT [+] | 938.0 | 475.0 | 523.0 | 882.0 | 742.0 | 668.0 | 723.0 | 639.0 |
| EBIT growth | 97.5% | -9.2% | -40.7% | 18.9% | 11.1% | -7.6% | 13.1% | 27.3% |
| EBIT margin | 11.1% | 7.9% | 7.7% | 11.6% | 10.8% | 8.9% | 8.9% | 5.5% |
| Interest expense | 67.0 | 86.0 | 111.0 | 115.0 | 165.0 | 203.0 | 205.0 | 205.0 |
| Interest expense | 67.0 | 86.0 | 111.0 | 115.0 | 165.0 | 203.0 | 205.0 | 205.0 |
| Other income (expense), net [+] | 442.0 | -52.0 | -21.0 | -33.0 | -46.0 | 9.0 | -30.0 | -30.0 |
| Gain (loss) on debt retirement | -27.0 | | -23.0 | -3.0 | -54.0 | -3.0 | -31.0 | -28.0 |
| Other | 32.0 | 36.0 | 20.0 | 32.0 | 8.0 | 12.0 | 1.0 | -2.0 |
| Pre-tax income | 1,313.0 | 337.0 | 391.0 | 734.0 | 531.0 | 474.0 | 488.0 | 404.0 |
| Income taxes | 209.0 | 46.0 | -38.0 | 45.0 | 20.0 | 109.0 | 60.0 | 51.0 |
| Tax rate | 15.9% | 13.6% | | 6.1% | 3.8% | 23.0% | 12.3% | 12.6% |
| Minority interest | 59.0 | 32.0 | 36.0 | 313.0 | 105.0 | 31.0 | 33.0 | 22.0 |
| Earnings from continuing ops | 1,045.0 | 259.0 | 393.0 | 376.0 | 406.0 | 699.0 | 823.0 | 684.0 |
| Earnings from discontinued ops | | 775.0 | 169.0 | -39.0 | 230.0 | -8.0 | -302.0 | -8.0 |
| Net income | 1,045.0 | 1,034.0 | 562.0 | 337.0 | 636.0 | 691.0 | 521.0 | 676.0 |
| Net margin | 12.4% | 17.2% | 8.3% | 4.4% | 9.3% | 9.2% | 6.4% | 5.8% |
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| Basic EPS [+] | $4.77 | $1.17 | $1.72 | $1.58 | $1.70 | $2.96 | $3.39 | $2.83 |
| Growth | 306.1% | -31.6% | 8.7% | -7.3% | -42.4% | -12.7% | 20.0% | 136.0% |
| Diluted EPS [+] | $1.58 | $0.39 | $0.57 | $0.52 | $0.56 | $0.98 | $3.35 | $2.78 |
| Growth | 304.9% | -31.5% | 9.2% | -6.8% | -42.8% | -70.9% | 20.6% | 134.8% |
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| Dividends per share [+] | $0.75 | $0.65 | $0.65 | $0.65 | $0.50 | $0.50 | $0.50 | $0.50 |
| Growth | 15.4% | 0.0% | 0.0% | 30.0% | 0.0% | 0.0% | 0.0% | 0.0% |
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| Shares outstanding (basic) [+] | 219.2 | 220.6 | 228.9 | 238.1 | 238.4 | 236.3 | 242.8 | 242.1 |
| Growth | -0.6% | -3.6% | -3.9% | -0.1% | 0.9% | -2.7% | 0.3% | 1.0% |
| Shares outstanding (diluted) [+] | 662.0 | 664.4 | 690.1 | 721.3 | 726.2 | 715.5 | 245.4 | 246.0 |
| Growth | -0.4% | -3.7% | -4.3% | -0.7% | 1.5% | 191.6% | -0.2% | 1.5% |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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