Chemours Co
For the period ended Jun 30, 2024. Filed Aug 1, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 1, 2024
CC$13.48+1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Interim Consolidated Statements of Comprehensive Income (Unaudited)
(Dollars in millions)
| Three Months Ended June 30, | |||||||
|---|---|---|---|---|---|---|---|
| 2024 · 2023 | |||||||
| Pre-tax · Tax · After-tax · Pre-tax · Tax · After-tax | |||||||
| Net income (loss) | $70 | $(376) | |||||
| Other comprehensive income (loss): | |||||||
| Hedging activities: | |||||||
| Unrealized gain (loss) on net investment hedge | $13 | $(3) | 10 | $(10) | $3 | (7) | |
| Unrealized gain (loss) on cash flow hedge | 4 | (1) | 3 | (1) | 1 | — | |
| Reclassifications to net income - cash flow hedge | (1) | — | (1) | (1) | — | (1) | |
| Hedging activities, net | 16 | (4) | 12 | (12) | 4 | (8) | |
| Cumulative translation adjustment | (86) | — | (86) | 33 | — | 33 | |
| Defined benefit plans: | |||||||
| Additions to accumulated other comprehensive income (loss): | |||||||
| Effect of foreign exchange rates | 1 | — | 1 | (1) | — | (1) | |
| Reclassifications to net income: | |||||||
| Amortization of actuarial loss | 2 | — | 2 | 2 | (1) | 1 | |
| Amortization of prior service gain | (1) | — | (1) | (1) | — | (1) | |
| Settlement gain | (1) | — | (1) | — | — | — | |
| Defined benefit plans, net | $1 | $— | 1 | $— | $(1) | (1) | |
| Other comprehensive (loss) income | (73) | 24 | |||||
| Comprehensive loss | (3) | (352) | |||||
| Comprehensive loss attributable to Chemours | $(3) | $(352) | |||||
| Six Months Ended June 30, | |||||||
| 2024 · 2023 | |||||||
| Pre-tax · Tax · After-tax · Pre-tax · Tax · After-tax | |||||||
| Net income (loss) | $121 | $(230) | |||||
| Other comprehensive income (loss): | |||||||
| Hedging activities: | |||||||
| Unrealized gain (loss) on net investment hedge | $27 | $(7) | 20 | $(23) | $6 | (17) | |
| Unrealized gain (loss) on cash flow hedge | 12 | (2) | 10 | (3) | 1 | (2) | |
| Reclassifications to net income - cash flow hedge | (2) | — | (2) | (11) | 1 | (10) | |
| Hedging activities, net | 37 | (9) | 28 | (37) | 8 | (29) | |
| Cumulative translation adjustment | (107) | — | (107) | 90 | — | 90 | |
| Defined benefit plans: | |||||||
| Additions to accumulated other comprehensive income (loss): | |||||||
| Net gain | 3 | 1 | 4 | — | — | — | |
| Effect of foreign exchange rates | 2 | — | 2 | (2) | — | (2) | |
| Reclassifications to net income: | |||||||
| Amortization of actuarial loss | 4 | (1) | 3 | 4 | (1) | 3 | |
| Amortization of prior service gain | (1) | — | (1) | (1) | — | (1) | |
| Settlement gain | (2) | — | (2) | — | — | — | |
| Defined benefit plans, net | $6 | $— | 6 | $1 | $(1) | — | |
| Other comprehensive (loss) income | (73) | 61 | |||||
| Comprehensive income (loss) | 48 | (169) | |||||
| Less: Comprehensive income attributable to non-controlling interests | — | 1 | |||||
| Comprehensive income (loss) attributable to Chemours | $48 | $(170) | |||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.