0002064953-26-000008 | 10-K | XBRL Viewer | Solstice Advanced Materials INC

Print Document

Revenue Recognition and Contracts with Customers - Disaggregation of Revenue (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Net sales	$ 3,886	$ 3,770	$ 3,649
Refrigerants & Applied Solutions
Disaggregation of Revenue [Line Items]
Net sales	2,789	2,721	2,629
Refrigerants & Applied Solutions \| Refrigerants
Disaggregation of Revenue [Line Items]
Net sales	1,511	1,302	1,372
Refrigerants & Applied Solutions \| Building Solutions and Intermediates
Disaggregation of Revenue [Line Items]
Net sales	719	738	718
Refrigerants & Applied Solutions \| Nuclear (AES)
Disaggregation of Revenue [Line Items]
Net sales	356	446	308
Refrigerants & Applied Solutions \| Healthcare Packaging
Disaggregation of Revenue [Line Items]
Net sales	204	235	231
Electronic & Specialty Materials
Disaggregation of Revenue [Line Items]
Net sales	1,097	1,049	1,020
Electronic & Specialty Materials \| Research and Performance Chemicals
Disaggregation of Revenue [Line Items]
Net sales	500	482	464
Electronic & Specialty Materials \| Electronic Materials
Disaggregation of Revenue [Line Items]
Net sales	409	381	407
Electronic & Specialty Materials \| Safety and Defense Solutions
Disaggregation of Revenue [Line Items]
Net sales	$ 187	$ 186	$ 149

Investments (Tables)

12 Months Ended

Dec. 31, 2025

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Variable Interest Entities

The following summarizes the assets and liabilities of the ConverDyn JV included in the Company’s Consolidated Financial Statements (including noncontrolling interests):


	December 31, 2025		December 31, 2024
Current assets	$	179	$	80
Product loans receivable	300		264
Noncurrent assets	2		16
Total assets	$	481	$	360
Current liabilities1	182		110
Product loans payable	336		293
Noncurrent liabilities	33		33
Total liabilities	$	551	$	436

_________________

1.Includes related party payables of $69 million and $60 million as of December 31, 2025 and 2024, respectively. See Note 3 - Related Party Transactions for additional information.

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References + Details

Segment Financial Data

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Segment Financial Data

The Company globally manages its business operations through two reportable business segments. Segment information is consistent with how the President and Chief Executive Officer of Solstice Advanced Materials, who

is the Chief Operating Decision Maker (“CODM”), and management reviews the businesses, makes investing and resource allocation decisions, and assesses operating performance.

Refrigerants & Applied Solutions – A global provider of specialty solutions across the value chain of refrigerant and blowing agent materials for various end markets, such as cooling, air conditioning and refrigeration, automotive, energy, building and appliance insulation, and healthcare. Refrigeration & Applied Solution offerings include (i) Refrigerants, (ii) Building Solutions and Intermediates, (iii) Nuclear (AES), and (iv) Healthcare Packaging. Refrigerants includes refrigerants for both stationary and automotive applications. Building Solutions and Intermediates supplies low global warming potential blowing agents for foam and appliance insulation, cleaning solvents, and lower emissions medical aerosols. Nuclear (AES) provides low carbon energy services in the form of uranium hexafluoride conversion and related services and products to utilities operating nuclear power plants. Healthcare Packaging includes specialty packaging materials characterized by a high moisture barrier and high clarity.

Electronic & Specialty Materials – A global provider of electronic materials, industrial-grade fibers, and laboratory life science materials for a diverse set of end markets, such as semiconductors, defense, pharmaceutical, and construction. Electronic & Specialty Materials offerings include (i) Research and Performance Chemicals, (ii) Electronic Materials, and (iii) Safety and Defense Solutions business units. Research and Performance Chemicals includes research chemicals, fine chemicals, and specialty additives. Electronic Materials is a provider of sputtering targets, electronic polymers, thermal solutions, and high purity etchants and wash solvents used in semiconductor manufacturing. Safety and Defense Solutions provides ultra-high molecular weight polyethylene materials which are specialty fibers primarily for armor as well as medical and industrial applications.

The CODM evaluates segment performance based on segment adjusted EBITDA, by comparing budget-to-actual and period-over-period results. Segment Adjusted EBITDA is defined as segment net income excluding income taxes, general corporate unallocated expense, depreciation, amortization, interest and other financial charges, remeasurement of foreign currencies, stock-based compensation expense, pension and other postretirement expense (income), transaction-related costs, repositioning charges, asset retirement obligations accretion, asset impairment charges, litigation costs and insurance settlements (net of recoveries), gains and losses on disposal of assets, and certain other items that are otherwise of an unusual or non-recurring nature.

The below table summarizes information about significant segment expenses and other segment items, for each historical period:


	Years Ended December 31,
	2025				2024				2023
	Refrigerants & Applied Solutions		Electronic & Specialty Materials		Refrigerants & Applied Solutions		Electronic & Specialty Materials		Refrigerants & Applied Solutions		Electronic & Specialty Materials
Net sales
Products	$	2,490	$	1,097	$	2,404	$	1,049	$	2,404	$	1,020
Services	299		—		317		—		225		—
Total Net sales	2,789		1,097		2,721		1,049		2,629		1,020
Less
Cost of products and services sold1	1,792		842		1,678		784		1,591		773
Selling, general and administrative expenses2	133		74		124		77		126		77
Research & development expenses	60		36		48		33		49		31
Other segment items3	(10)		(8)		(12)		(7)		(13)		(4)
Add
Depreciation	143		47		137		37		116		49
Amortization	23		4		38		2		47		3
Segment Adjusted EBITDA	$	981	$	203	$	1,058	$	201	$	1,039	$	195

__________________

1.Amounts exclude ARO accretion, repositioning charges, and other non-recurring items.

2.Amounts exclude stock compensation expense, transaction costs, pension and other postretirement income (expense), repositioning charges, and other non-recurring items.

3.Other segment items primarily consisted of gains and losses from segment-related equity-method investments.

A reconciliation of Segment adjusted EBITDA to Net income attributable to Solstice Advanced Materials is as follows:


	Year Ended December 31,
	2025		2024		2023
Refrigerants & Applied Solutions	$	981	$	1,058	$	1,039
Electronic & Specialty Materials	203		201		195
Segment Adjusted EBITDA	$	1,184	$	1,259	$	1,234
Corporate and All Other	(184)		(161)		(144)
Adjusted EBITDA	$	1,000	$	1,098	$	1,090
Depreciation	(191)		(175)		(170)
Amortization	(29)		(42)		(51)
Interest and other financial charges	(28)		(13)		(16)
Other adjustments1	38		(28)		(21)
Stock compensation expense	(27)		(17)		(18)
Transaction-related costs	(117)		(26)		(1)
Income tax expense	(362)		(192)		(195)
Net income	$	285	$	605	$	619
Less: Net income (loss) attributable to noncontrolling interest	48		11		(2)
Net income attributable to Solstice Advanced Materials	$	237	$	594	$	621

__________________

1.Other adjustments primarily consisted of gains and losses from disposal of long-lived assets, remeasurement of foreign currencies, environmental reserves, asset retirement obligations, pensions expenses, and certain legal costs, net of recoveries.


	December 31,
	2025		2024
Total assets reconciliation
Refrigerants & Applied Solutions	$	3,490	$	3,157
Electronic & Specialty Materials	1,471		1,192
Corporate and All Other	712		655
Total assets	$	5,673	$	5,004


	December 31,
	2025		2024		2023
Capital expenditures
Refrigerants & Applied Solutions	$	232	$	228	$	234
Electronic & Specialty Materials	173		63		61
Corporate and All Other	3		5		4
Total1	$	408	$	296	$	299

__________________

1.Balance inclusive of unpaid capital expenditures of $111 million, $39 million and $54 million as of December 31, 2025, 2024 and 2023, respectively.


	Net Sales1						Long-lived Assets2
	Years Ended December 31,						Years Ended December 31,
	2025		2024		2023		2025		2024		2023
United States	$	2,234	$	2,285	$	2,205	$	1,756	$	1,564	$	1,454
Europe, Middle East and Africa	922		886		859		228		118		117
Other International	730		599		585		71		64		67
Total	$	3,886	$	3,770	$	3,649	$	2,055	$	1,746	$	1,638

__________________

1.Sales between geographic areas approximate market value and are not significant. Net sales are classified according to their country of origin. Included in United States Net sales are export sales of $544 million, $720 million, and $576 million for the years ended December 31, 2025, 2024, and 2023, respectively.

2.Long-lived assets are comprised of Property, plant and equipment – net.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-21

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-15

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 11: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 12: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 14: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 15: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 16: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 54
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-54

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 47
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-47

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-34

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/280/tableOfContent

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-26

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

+ Details

Postretirement Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2025

Retirement Benefits [Abstract]

Schedule of Net Benefit Costs

The following table presents the components of net periodic benefit cost for the retirement-related benefit plans recognized in the Consolidated Statements of Operations:


					For The Year Ended December 31, 2025
U.S. Plan1
Service Cost					$	—
Interest Cost					1
Expected return on assets					(2)
Amortization of unrecognized prior service cost					—
Total net periodic benefit income - U.S. Plan					$	(1)

	For The Year Ended December 31,
	2025		2024		2023
Non-U.S. Plans
Interest cost	$	2	$	2	$	2

Total net periodic benefit cost - Non-U.S. Plans	$	2	$	2	$	2

Defined Benefit Plan, Plan with Projected Benefit Obligation in Excess of Plan Assets

The following tables summarize the consolidated balance sheet impact, including the benefit obligations, assets, and funded status associated with the Company’s significant pension plans:


	U.S. Plan1		Non-U.S. Plans
	December 31,		December 31,
	2025			2025		2024
Change in benefit obligation
Benefit obligation beginning balance	$	106		$	61	$	62
Interest cost	1			2		2
Changes in financial assumptions (gain) loss	—			(2)		(1)
Actuarial loss	—			—		4
Benefits paid	—			(3)		(3)
Other, including currency impact	—			4		(3)
Benefit obligation ending balance	108			62		61
Amounts recognized in the Consolidated Balance Sheets consist of
Other noncurrent assets	44			—		—
Accrued and other current liabilities	—			(5)		(4)
Other noncurrent liabilities	—			(57)		(57)
Net amount recognized	44			(62)		(61)
Amounts recognized in Accumulated other comprehensive loss:
Net actuarial (gain) loss	13			(3)		6
Net amount recognized	$	13		$	(3)	$	6










Accumulated benefit obligation	$	106		$	62	$	61

__________________

1.Prior to the Spin-off, certain of the Company’s U.S. employees participated in defined benefit plans which were sponsored by Honeywell. During this period, the Company did not record assets or liabilities to recognize the funded status of these plans because Solstice was not the legal sponsor of these plans. In conjunction with the Spin-off, the benefit obligations for these employees, and a proportionate share of the related Honeywell plans’ assets and liabilities, were transferred to a newly formed U.S. defined benefit pension plan sponsored by the Company. Therefore prior period amounts are not applicable for all U.S. Plan information presented within this footnote.

Information for funded status of pension plans is shown below:


	U.S. Plan1		Non-U.S. Plans
	December 31,		December 31,
	2025			2025		2024
Noncurrent assets - pension assets	$	44		$	—	$	—
Current liabilities – accrued compensation and benefits	—			(5)		(4)
Noncurrent liabilities – retirement benefit obligations	—			(57)		(57)
Funded status	$	44		$	(62)	$	(61)

Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)

Other changes in benefit obligations recognized in Other comprehensive (loss) income are as follows:


					For The Year Ended December 31, 2025
U.S. Plan1
Net actuarial (gain) loss arising the during period					$	13
Amortization of prior actuarial (gains) losses					—
Total recognized in other comprehensive loss (income)					13
Net recognized in net periodic pension expense (benefit) and other comprehensive loss					$	12

	For The Years Ended December 31,
	2025		2024		2023
Non-U.S. Plans
Net actuarial (gain) loss arising the during period	$	(3)	$	6	$	3

Total recognized in other comprehensive loss (income)	(3)		6		3
Net recognized in net periodic pension expense (benefit) and other comprehensive loss	$	(2)	$	8	$	5

__________________

Schedule of Defined Benefit Plan Assumptions

Significant actuarial assumptions used in determining the benefit obligation and net periodic pension expense (benefit) for pension plans are presented in the following table as weighted averages:


	U.S. Plan1		Non-U.S. Plans
	2025		2025		2024		2023
Actuarial assumptions used to determine benefit obligations
Discount rate	5.3	%	4.1	%	3.4	%	3.3	%
Salary scale	—	%	2.6	%	2.8	%	2.8	%
Actuarial assumptions used to determine net periodic benefit income
Discount rate - benefit obligation	5.2	%	4.1	%	3.3	%	3.3	%
Discount rate - service cost	5.1	%	—	%	—	%	—	%
Discount rate - interest cost	4.6	%	—	%	—	%	—	%
Expected rate of return on plan assets	7.3	%	—	%	—	%	—	%
Salary scale	—	%	2.6	%	2.8	%	2.8	%

__________________

Schedule of Expected Benefit Payments

Expected benefit payments due to the plan participants for the following years are shown in the table below.


	U.S. Plan		Non-US Plans
2026	$	16	$	5
2027	14		4
2028	12		4
2029	10		4
2030	10		4
2031-2035	38		—

Schedule of Allocation of Plan Assets

The following table presents the Company’s U.S. defined benefit pension plans’ asset classes and their associated fair value at December 31, 2025:


		December 31,
	Fair Value Level	2025

Cash and short-term investments	1	$	120



Equity securities	1	16
Asset transfer due from Honeywell	N/A	15



Fair value of plan assets		$	151

Leases - Schedule of Supplemental Balance Sheet (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Operating leases:
Other noncurrent assets	$ 89	$ 90
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued Liabilities and Other Liabilities, Current	Accrued Liabilities and Other Liabilities, Current
Accrued and other current liabilities	$ 18	$ 24
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other noncurrent liabilities	Other noncurrent liabilities
Other noncurrent liabilities	$ 69	$ 64
Total operating lease liabilities	87	88
Finance leases:
Property, plant and equipment	275	196
Accumulated depreciation	$ (124)	$ (102)
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, plant and equipment – net	Property, plant and equipment – net
Property, plant and equipment – net	$ 151	$ 94
Finance lease liabilities, current	14	22
Finance lease liabilities, noncurrent	104	37
Total finance lease liabilities	$ 118	$ 59
Weighted-average remaining lease term (in years):
Operating leases	7 years	6 years
Finance leases	11 years	4 years
Weighted-average discount rate:
Operating leases	2.70%	3.00%
Finance leases	4.40%	8.40%

Leases (Tables)

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Schedule of Lease Cost


	December 31,
	2025		2024		2023
Operating lease cost	$	32	$	36	$	24
Short-term lease cost	—		—		2
Finance lease cost:
Depreciation of right-of-use assets	23		18		20
Interest on lease liability	4		10		17
Total finance lease cost	$	27	$	28	$	37
Total lease cost	$	59	$	64	$	63

Supplemental cash flow information related to leases was as follows:


	December 31,
	2025		2024		2023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	31	$	34	$	23
Operating cash flows for finance leases	4		10		17
Financing cash flows for finance leases	13		39		33
Right-of-use assets obtained in exchange for lease obligations
Operating leases	26		20		47
Finance leases	82		—		1

Schedule of Assets and Liabilities

Supplemental consolidated balance sheet information related to leases was as follows:


	December 31,
	2025			2024
Operating leases:
Other noncurrent assets	$	89		$	90

Accrued and other current liabilities	$	18		$	24
Other noncurrent liabilities	69			64
Total operating lease liabilities	$	87		$	88
Finance leases:
Property, plant and equipment	$	275		$	196
Accumulated depreciation	(124)			(102)
Property, plant and equipment – net	$	151		$	94
Finance lease liabilities, current	$	14		$	22
Finance lease liabilities, noncurrent	104			37
Total finance lease liabilities	$	118		$	59
Weighted-average remaining lease term (in years):
Operating leases	7			6
Finance leases	11			4
Weighted-average discount rate:
Operating leases	2.7		%	3.0		%
Finance leases	4.4		%	8.4		%

Schedule of Maturities of Operating Lease Liabilities

As of December 31, 2025, maturities of lease liabilities were as follows:


	Operating Leases		Finance Leases
2026	$	24	$	19
2027	21		19
2028	15		19
2029	12		14
2030	12		7
Thereafter	31		69
Total lease payments	114		145
Less: Interest	(27)		(28)
Total maturities of lease liabilities	$	87	$	118

Schedule of Maturities of Finance Lease Liabilities

As of December 31, 2025, maturities of lease liabilities were as follows:


	Operating Leases		Finance Leases
2026	$	24	$	19
2027	21		19
2028	15		19
2029	12		14
2030	12		7
Thereafter	31		69
Total lease payments	114		145
Less: Interest	(27)		(28)
Total maturities of lease liabilities	$	87	$	118

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 285	$ 605	$ 619
Other comprehensive (loss) income, net of tax
Foreign exchange translation adjustment	98	(62)	7
Pension and other postretirement benefit adjustments	(3)	(4)	(2)
Cash flow hedges recognized in other comprehensive income	(4)	20	10
Less: Reclassification adjustment for gains included in net income	(5)	(9)	(2)
Changes in fair value of cash flow hedges	(8)	11	8
Total other comprehensive (loss) income, net of tax	86	(55)	13
Comprehensive income	$ 371	$ 550	$ 632

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2025

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Principles of Consolidation

The Consolidated Financial Statements include the accounts of Solstice Advanced Materials, as well as entities in which a controlling interest is maintained. For those entities in which the Company controls and its ownership is less than 100%, the other shareowners’ interests are shown as Noncontrolling interest on the Consolidated Balance Sheets. Investments in companies in which the Company, directly or indirectly, owns a 20% to 50% interest, or has the ability to exercise significant influence over the operating and financial policies of the investee, are accounted for using the equity method of accounting. As a result, Solstice Advanced Materials’ share of the earnings or losses of such equity affiliates is included within Other expense (income) in the Consolidated Statements of Operations, and the Company’s investment is reflected within Other noncurrent assets in the Consolidated Balance Sheets. Refer to Note 19 – Investments for further details.

The Company assesses the requirements related to variable interest entities (“VIE”), including a qualitative assessment that considers which entity has the power to direct the activities that most significantly impact the VIEs economic performance, and has the right to receive any benefits or the obligation to absorb any losses of the VIE. The Company consolidates all VIEs where the Company is the primary beneficiary. Refer to Note 19 – Investments for further details.

Accounting Standards Implemented

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Taxes Disclosures, effective for annual periods beginning after December 31, 2024. The new standard requires additional information to be disclosed with respect to the income tax rate reconciliation and income taxes paid disaggregated by jurisdiction. The Company adopted this guidance for the year ended December 31, 2025, and applied it on a prospective basis. Refer to Note 5 – Income Taxes.

Recent Accounting Pronouncements

The Company considers the applicability and impact of all Accounting Standards Updates (“ASU”) issued by the Financial Accounting Standards Board (“FASB”). ASUs not listed below were assessed and determined to be either not applicable or are expected to have a minimal impact on the Company’s Consolidated Statements of Operations, Consolidated Balance Sheets and Consolidated Statements of Cash Flows.

In December 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements, which improves the navigability of required interim disclosures, clarifies when that guidance is applicable, and introduces a new principle requiring companies to disclose events since the end of the last annual reporting period that have a material impact on the company. The ASU can be applied prospectively or retrospectively for annual reporting periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impacts of this guidance on the Company’s Consolidated Financial Statements.

In September 2025, the FASB issued ASU 2025-07, Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606): Derivatives Scope Refinements and Scope Clarification for Share-Based Noncash Consideration from a Customer in a Revenue Contract, which excludes certain contracts from the scope of derivative accounting and clarifies the guidance on noncash consideration from a customer for the transfer of goods

or services. The ASU can be applied prospectively for annual reporting periods beginning after December 15, 2026, with modified retrospective application and early adoption permitted. The Company is currently evaluating the impacts of this guidance on the Company’s Consolidated Financial Statements.

In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which amends the accounting for costs related to internal-use software. The update removes all references to project stages and clarifies the two conditions needed to be met to begin capitalizing costs under ASC 350-40. The ASU can be applied prospectively, retrospectively, or via a modified prospective transition approach for annual reporting periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impacts of this guidance on the Company’s Consolidated Financial Statements.

In November 2024, the FASB issued ASU 2024-03, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires companies to disclose additional information about the types of expenses in commonly presented expense captions. The new standard requires tabular disclosure of specified natural expenses in certain expense captions, a qualitative description of amounts that are not separately disaggregated, and disclosure of the Company's definition and total amount of selling expenses. The ASU should be applied prospectively for annual reporting periods beginning after December 15, 2026, with retrospective application and early adoption permitted. The Company is currently evaluating the impacts of this guidance on the Company’s Consolidated Financial Statements.

Use of Estimates

The Company prepares its Consolidated Financial Statements in conformity with GAAP. In doing so, the Company is required to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying notes. The Company bases these estimates on historical experience and on various other assumptions that the Company believes are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The Company’s actual results may differ materially from these estimates. Significant estimates inherent in the preparation of these Consolidated Financial Statements include, but are not limited to, accounting for allocation of expenses related to certain Honeywell corporate functions, evaluation of goodwill and other intangible assets for impairment, environmental liabilities, asset retirement obligations (“ARO”), pension liabilities and expenses and income taxes.

Cash and Cash Equivalents

Cash and cash equivalents include cash on hand, money market funds, and highly liquid investments having an original maturity of 90 days or less. Prior to the Spin-off, the Company participated in Honeywell’s centralized cash management and financing programs. The Company’s participation in these programs ended at the time of the Spin-off.

Accounts Receivable and Allowance for Current Expected Credit Losses

The Company classifies the right to consideration in exchange for products or services transferred to a client as Accounts Receivable. Receivables are recorded concurrent with billing upon delivery of goods or services to customers. An allowance for uncollectible receivables and contract assets, if needed, is estimated based on current and future expected economic conditions and past experiences of losses, as well as an assessment specific customer circumstances and of potential recoverability of the balance due.

Receivable losses are charged against the allowance in the period in which the receivable is deemed uncollectible. Subsequent recoveries, if any, are credited to the allowance. Write-offs of receivables and associated reserves occur to the extent that there is no reasonable expectation of additional collections or repossession.

Inventories

Inventories are stated at the lower of cost or net realizable value, with cost determined on a first-in, first-out basis. Carrying value adjustments for inventory obsolescence are equal to the difference between cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation.

Property, Plant and Equipment

Property, plant and equipment are recorded at cost, less accumulated depreciation. For financial reporting, the straight-line method of depreciation is used over the estimated useful lives of 10 to 50 years for buildings and improvements and 3 to 16 years for machinery and equipment. Recognition of the fair value of obligations associated with the retirement of tangible long-lived assets is required when there is a legal obligation to incur such costs. Upon initial recognition or reassessment of a liability, the cost is capitalized as part of the related long-lived asset and depreciated over the corresponding asset’s useful life.

Repair and Maintenance

Repair and maintenance costs, other than planned major maintenance costs, are expensed as incurred and included within Cost of products and services sold.

The Company accounts for planned major maintenance activities in accordance with ASC 360, Property, Plant, and Equipment, and has selected the deferral method to account for its planned major maintenance activities. Under the deferral method, major maintenance costs are capitalized and amortized over a period of one to five years on a straight-line basis, which is generally the time of the next scheduled major maintenance. Major maintenance costs are capitalized as part of Other current assets in the Consolidated Balance Sheets when incurred.

Goodwill and Indefinite-Lived Intangible Assets

The Company recognizes goodwill and indefinite-lived intangible asset balances in conjunction with business combinations, with amounts being recorded at their respective fair values upon the closing of a transaction. Subsequent to the closing of a business combination, the Company evaluates and books adjustments, as applicable, to the preliminary amounts recorded over the relevant measurement period, which is not to exceed one year from the acquisition date.

Goodwill and indefinite-lived intangible assets are subject to impairment testing annually as of October 1, or if a triggering event occurs or changes in circumstances indicate that the carrying amount may not be fully recoverable. This testing compares carrying values to fair values and, when appropriate, the carrying value of these assets is reduced to fair value. The Company completed its annual goodwill and indefinite-lived intangible assets impairment tests for the years ended December 31, 2025, 2024, and 2023 and determined that there was no impairment as of each of those dates.

Definite-Lived Intangible Assets

The Company recognizes definite-lived intangible asset balances in conjunction with acquisitions and business combinations, with amounts being recorded at their respective fair values upon the closing of a transaction. Subsequent to the closing of a business combination, the Company evaluates and books adjustments, as applicable, to the preliminary amounts recorded over the relevant measurement period, which is not to exceed one year from the acquisition date.

Other intangible assets with definite lives consist of customer lists, technology and patents, and other intangibles and are amortized over their estimated useful lives, ranging from 2 to 20 years.

Product Loans

The Company enters into both lending and borrowing arrangements for quantities of uranium ore as part of its ongoing operations. During 2024, the Company entered into separate agreements to lend quantities of uranium ore,

which are reflected as product loans receivable, and to borrow quantities of uranium ore, which are reflected as product loans payable. These agreements settle on December 31, 2026. As both the loans receivable and loans payable may be settled in cash, they are both separately measured at fair value on a quarterly basis. As of December 31, 2025 and 2024, uranium ore product loans receivable and product loans payable reflected in the Consolidated Balance Sheets were $300 million and $264 million, respectively.

Under the terms of the agreements, the Company is entitled to loan fees from the borrower which are billed over the term of the contract and recognized at inception of the loan as service sales. The Company records trade accounts receivables and unbilled receivables for the invoiced and non-invoiced balances, respectively.

The Company also periodically enters into agreements to borrow quantities of uranium hexafluoride to fulfil customer orders for committed contracts. As of December 31, 2025 and December 31, 2024, uranium hexafluoride loans payable reflected in the Consolidated Balance Sheets were $36 million and $29 million, respectively.

Foreign Currency Translation

Assets and liabilities of operations outside of the United States (“U.S.”) with a functional currency other than the U.S. dollar are translated into U.S. dollars using year-end exchange rates. Sales, costs, and expenses are translated at the average exchange rates in effect during the year. Foreign currency translation gains and losses are included as a component of Accumulated other comprehensive loss.

Leases

The Company recognizes right-of-use (“ROU”) assets and associated lease liabilities in the Consolidated Balance Sheet for leases with a term of more than twelve months when a majority percentage of utilization was attributed to the Company. The ROU asset equals the lease liability adjusted for any initial direct costs, prepaid rent and lease incentives. Operating lease assets are included in Other non-current assets in the Consolidated Balance Sheets. The current portion of operating lease liabilities is included in Accrued and other current liabilities, and the noncurrent portion of operating lease liabilities is included in Other noncurrent liabilities in the Consolidated Balance Sheets. Finance lease assets are included in Property, plant, and equipment in the Consolidated Balance Sheets. Finance lease liabilities (current and noncurrent) are separately presented on the Consolidated Balance Sheets.

The Company primarily uses its incremental borrowing rate in determining the present value of the lease payments. In determining the borrowing rate, the Company considers the lease term, secured incremental borrowing rate, and for leases denominated in a currency different than the U.S. dollar, the collateralized borrowing rate in the foreign currencies. The lease term includes options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option.

Lease payments may be fixed or variable; however, only fixed payments or in-substance fixed payments are included in determining the lease liability. Variable lease payments are recognized in operating expenses in the period in which the obligation for those payments is incurred. Lease expense is recognized on a straight-line basis over the lease term. For all finance leases, the Company has elected the lessee’s practical expedient to combine lease and non-lease components and account for the combined unit as a single lease component.

Defined Benefit Plans

The Company sponsors both unfunded and funded defined benefit pension arrangements.

Non-U.S. unfunded defined benefit plans.

Certain employees of the Company participate in unfunded defined benefit plans administered and sponsored by Solstice Advanced Materials. These plans cover non-U.S. employees and retirees in certain jurisdictions, principally in Germany. The related liabilities of these plans are included in Accrued and other current liabilities and Other noncurrent liabilities in the Consolidated Balance Sheets, refer to Note 18 – Postretirement Benefit Plans. The

Company records the service cost component in Cost of products and services sold in the Consolidated Statements of Operations.

U.S. funded defined benefit plans

Prior to the Spin-off, certain of the Company’s U.S. employees participated in defined benefit plans which were sponsored by Honeywell. During this period, the Company did not record assets or liabilities to recognize the funded status of these plans because Solstice was not the legal sponsor of these plans. The accompanying Consolidated Statements of Operations for the periods prior to the Spin-off reflected the cost for such plans as if they were multi-employer plans. Costs were allocated to the Company on a pro rata basis of net sales, utilizing the Business’ proportion of total Honeywell net sales in each respective year. In conjunction with the Spin-off, the benefit obligations for these employees, and a proportionate share of the related Honeywell plans’ assets, were transferred to a newly formed U.S. defined benefit pension plan sponsored by the Company. As a result, the funded status of this plan is recognized in the Consolidated Balance Sheet at December 31, 2025. The funded status is measured as the difference between the fair value of plan assets and the projected benefit obligation at the balance sheet date. The projected benefit obligation (PBO) represents the actuarial present value of benefits expected to be paid upon retirement based on employee services already rendered and estimated future compensation levels.

For all defined benefit arrangements, net periodic pension cost is recorded in the Consolidated Statements of Operations and includes service cost, interest cost, expected return on plan assets, amortization of prior service costs/(credits) and actuarial (gains)/losses previously recognized as a component of other comprehensive income/(loss) (“OCI”). The service cost component of net benefit cost is recorded in “Selling, general & administrative expenses” in the Consolidated Statements of Operations based on the employees’ respective functions. The other components of net benefit cost are presented separately from service cost within “Other expense (income)” in the Consolidated Statements of Operations. Actuarial (gains) losses and prior service costs/(credits) are recognized as a component of OCI in the Consolidated Statements of Comprehensive Income when they exceed 10% of the greater of the fair value of plan assets or the plans’ projected benefit obligation (the corridor) and amortized over the average remaining working lifetime of the plan. Actuarial (gains) losses arise as a result of differences between actual experience and assumptions or as a result of changes in actuarial assumptions. Prior service costs/(credits) represent the cost of benefit changes attributable to prior service granted in plan amendments.

The measurement of benefit obligations and net periodic pension cost is based on estimates and assumptions including estimates of discount rates, expected return on plan assets, rate of compensation increases, interest crediting rates and mortality rates. Refer to Note 18 – Postretirement Benefit Plans for further details on the accounting for these plans.

Supply Chain Financing

The Company maintains agreements with unaffiliated third-party financial institutions that offer voluntary supply chain financing (“SCF”) programs to suppliers of the Company. The SCF programs enable suppliers, at their sole discretion, to sell their receivables to third-party financial institutions in order to receive payment on receivables earlier than the negotiated commercial terms between suppliers and the Company. Supplier sale of receivables to third-party financial institutions is on terms negotiated between the supplier and the respective third-party financial institution. The Company agrees on commercial terms for the goods and services procured from suppliers, including prices, quantities, and payment terms, which normally range between 30 to 180 days, regardless of whether the supplier elects to participate in the SCF programs. A supplier’s voluntary participation in the SCF programs has no bearing on the Company's payment terms and the Company has no economic interest in a supplier’s decision to participate in the SCF programs. The Company agrees to pay participating third-party financial institutions the stated amounts of confirmed invoices from suppliers on the original maturity dates of the invoices.

Amounts outstanding related to SCF programs are included in Accounts payable in the Consolidated Balance Sheets. The following table summarizes the Company's outstanding obligations confirmed as valid related to the SCF programs for the years ended December 31, 2025, and 2024:


	Years Ended December 31,
	2025		2024
Confirmed obligations outstanding at the beginning of the year	$	96	$	72
Invoices confirmed during the year	270		198
Less: Confirmed invoices paid during the year	268		174
Confirmed obligations outstanding at the end of the year	$	98	$	96

Revenue Recognition

Product and services sales are recognized when, or as, the Company transfers control of the promised products or services to its customers. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods. The Company recognizes contract assets for goods exchanged under a contract that are not yet billable to the customer due to consignment inventory or specific contract terms. These assets are later reclassified as trade receivables when invoiced, usually timed with the customer's use of the product. In most circumstances, the Company recognizes revenue for products and services at the point in time in which the underlying products or services transfer to the customer.

Service sales are primarily derived from the Company’s uranium conversion services. Revenue is measured based on the consideration specified in a contract with a customer. In a toll conversion arrangement, the Company is contractually obligated to convert customer-owned uranium to a chemical state suitable for enrichment. The Company provides the converted uranium, based on the terms of the sales contract, at which point the specified quantity of converted uranium is transferred to the customer. At this point, the customer obtains control and revenue is recognized for the toll conversion services.

Revenues include estimates of variable consideration. The Company measures variable consideration at the most likely amount the Company will receive from customers. The terms of a contract or the historical business practice can give rise to variable consideration due to, but not limited to, cash-based incentives, rebates, performance awards, or credits. The Company estimates variable consideration using forecasts from customers and other information (historical, current and forecasted) reasonably available to the Company. Customers do not have the right to return products, except in limited circumstances.

Research and Development

Research and development costs for projects are expensed as incurred and included in Research and development expenses in the Consolidated Statements of Operations.

Transaction-related costs

The Company classifies certain expenses related to the Spin-off, as well as acquisitions and divestitures (if any) as Transaction-related costs in the Consolidated Statements of Operations. The Transaction-related costs include one-time and non-recurring expenses associated with the separation and stand-up of functions required to operate as a standalone public entity. These non-recurring costs primarily relate to legal, accounting, consulting and other professional service fees, system implementation costs, business and facilities separation, development of our brand and other matters.

Income Taxes

For periods prior to the Spin-off, income taxes, as presented in the Consolidated Financial Statements attribute current and deferred income taxes of Honeywell to the Company’s stand-alone financial statements in a manner that is systematic, rational and consistent with the asset and liability method prescribed by ASC 740, Income Taxes (“ASC 740”). Accordingly, the Company’s income tax provision was prepared following the separate return

method. The separate return method applies ASC 740 to the stand-alone financial statements of each member of the consolidated group as if the group members were separate taxpayers. As a result, actual transactions included in the consolidated financial statements of Honeywell may not have been included in the separate Consolidated Financial Statements of the Company. Similarly, the tax treatment of certain items reflected in the Consolidated Financial Statements of the Company may not have been reflected in the consolidated financial statements and tax returns of Honeywell. Therefore, items such as net operating losses, credit carryforwards and valuation allowances may exist in the stand-alone financial statements that may or may not exist in Honeywell’s consolidated financial statements. As such, the income taxes of the Company as presented in the Consolidated Financial Statements may not be indicative of the income taxes that the Company will generate in the future. Since the Company’s results were included in the Parent’s consolidated tax returns, payments to certain tax authorities were made by the Parent and not by the Company. For tax jurisdictions where the Company was included with the Parent in a consolidated tax filing, the Company did not maintain taxes payable to or from the Parent. The payments are deemed to be settled immediately with the legal entities paying the tax in the respective tax jurisdictions and are reflected in the Consolidated Statements of Cash Flows as Net transfers to Parent within financing activities and in the Consolidated Balance Sheets as Net Parent investment.

The Company’s deferred tax assets and liabilities represent differences between the tax bases of assets and liabilities and their reported amounts in the Consolidated Financial Statements, applying enacted tax rates expected to be in effect for the year in which the differences are expected to reverse. The Company reduces deferred tax assets by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some portion or all the deferred tax assets will not be realized.

The Company uses significant judgment to evaluate tax positions. The Company establishes reserves for income taxes when, despite the belief that tax positions are fully supportable, certain positions remain that do not meet the minimum recognition threshold. The Company establishes uncertain tax positions when a tax position is more likely than not to be sustained upon examination by the applicable taxing authority. In the normal course of business, the Company and its subsidiaries are examined by various federal, state, and foreign tax authorities. The Company assesses the potential outcomes of these examinations and any future examinations for the current or prior years in determining the adequacy of the provision for income taxes. The Company continually assesses the likelihood and amount of potential adjustments and adjusts the income tax provision, the current tax liability, and deferred taxes in the period in which the facts that give rise to a change in estimate become known.

Litigation

The Company accrues for litigation matters when it is probable that a liability has been incurred and the amount of the liability can be reasonably estimated. Where the available information is only sufficient to establish a range of probable liability, and no point within the range is more likely than any other, the lower end of the range has been used. When a material loss contingency is reasonably possible, but not probable, the Company does not record a liability, but instead discloses the nature of the matter and an estimate of the loss or range of loss, to the extent such estimate can be made. Legal costs, such as outside counsel fees and expenses, are charged to expense in the period that services are rendered.

Environmental

The Company accrues costs related to environmental matters when it is probable that it has incurred a liability related to a contaminated site and the amount can be reasonably estimated. See Note 20 - Commitments and Contingencies for additional information.

Stock-Based Compensation

Prior to the Spin-off, eligible employees participated in Honeywell’s stock-based compensation plans. Awards granted under the plans were based on Honeywell’s common shares and, as such, were reflected in the Parent’s Consolidated Statement of Shareowners’ Equity and not in the Company’s Combined Statements of Equity. For historical periods, stock-based compensation cost is based on the awards and terms previously granted to employees by Honeywell and allocated to Solstice. The fair value of the Honeywell stock options was determined on the grant date using the Black-Scholes model. At the time of the Company’s Spin-off, each outstanding Honeywell Restricted

Stock Unit (“RSU”) held by a Solstice employee was converted into a Solstice RSU based on the exchange ratio determined at the Distribution.

The Company may grant employees RSUs and stock options. RSUs typically vest over a three to four-year period. Stock options vest in equal installments over a period of four years and expire after 10 years. Recipients of RSUs receive dividend equivalents that are paid subject to the same vesting and forfeiture restrictions as the underlying award. The fair value of the RSUs is determined on the grant date based on the Company’s stock price. The fair value of the Honeywell stock options converted to Solstice stock options was determined on the modification date using the binomial option pricing model. The Company has elected to account for forfeitures as they occur.

Stock-based compensation cost is recorded in Selling, general and administrative expenses in the Consolidated Statements of Operations.

The Company records deferred tax assets for awards that result in tax deductions in the consolidated financial statements calculated using the separate return basis based on the amount of compensation cost recognized and the relevant statutory tax rates. The differences between the deferred tax assets recognized for financial reporting purposes and the actual tax deduction reported on the income tax return are recorded as a benefit or expense to the provision for income taxes in the Consolidated Statements of Operations.

Earnings Per Share

Basic earnings per share (“EPS”) is calculated by dividing net income (loss) attributable to common shareowners by the weighted average number of shares of common stock outstanding for the applicable period. Diluted EPS, calculated using the treasury stock method, reflects the potential dilution that could occur if the Company’s outstanding stock-based compensation awards were issued.

On October 30, 2025, 158,727,456 shares of the Company’s common stock were distributed to Honeywell shareowners as of the Record Date (October 17, 2025). This amount is utilized for the calculations of both basic and diluted EPS for all periods presented prior to the Distribution. It is assumed that there was no dilutive effect of equity securities as the Company had no stock-based compensation awards outstanding prior to the Distribution.

Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the reconciliations of the numerators and denominators of the Company’s basic and diluted EPS calculations for the years ended December 31, 2025, 2024, and 2023.


(Amounts in millions, except per share amounts)	Years Ended December 31,
	2025		2024		2023
Numerator:
Net income	$	285	$	605	$	619
Less: Net income (loss) attributable to noncontrolling interest	48		11		(2)
Net income attributable to Solstice Advanced Materials Inc. common stockholders	$	237	$	594	$	621

Denominator:
Weighted average number of common shares outstanding - basic	158.7		158.7		158.7
Dilutive effect of stock-based compensation plans	0.2		—		—
Weighted average number of common shares outstanding - diluted	158.9		158.7		158.7

Basic earnings per share	$	1.49	$	3.74	$	3.91
Diluted earnings per share	$	1.49	$	3.74	$	3.91

Debt - Narrative (Details) - USD ($)	Oct. 29, 2025	Dec. 31, 2025	Oct. 30, 2025	Sep. 30, 2025
5.625% Senior Notes due 2033 \| Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount				$ 1,000,000,000.0
Debt instrument, interest rate, stated percentage		5.625%		5.625%
Senior Credit Facilities
Debt Instrument [Line Items]
Debt instrument, interest rate, floor	0.00%
Senior Credit Facilities \| Minimum
Debt Instrument [Line Items]
Line of credit facility, unused capacity, commitment fee percentage	0.25%
Senior Credit Facilities \| Secured Debt
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.75%
Debt instrument, duration of applicable interest period, maximum	3 months
Debt instrument, interest payment, period	3 months
Debt instrument, prepayment penalty on repricing, percentage	1.00%
Debt instrument, prepayment penalty on repricing, period	6 months
Senior Credit Facilities \| Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument, covenant, total leverage ratio, maximum	3.50
Debt instrument, covenant, total leverage ratio, step-up following acquisition	4.00
Debt instrument, covenant, interest coverage ratio, minimum	2.75
Senior Credit Facilities \| Revolving Credit Facility \| Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.50%
Senior Credit Facilities \| Revolving Credit Facility \| Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	2.00%
Line of credit facility, unused capacity, commitment fee percentage	0.35%
Senior Credit Facilities \| Line of Credit \| Secured Debt
Debt Instrument [Line Items]
Debt instrument, term	7 years
Line of credit facility, maximum borrowing capacity	$ 1,000,000,000.0
Senior Credit Facilities \| Line of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage		5.59%
Debt instrument, term	5 years
Line of credit facility, maximum borrowing capacity	$ 1,000,000,000.0
Long-term line of credit		$ 0
Sidecar LC Facilities \| Minimum
Debt Instrument [Line Items]
Debt instrument, maintenance fee, percentage			0.60%
Sidecar LC Facilities \| Maximum
Debt Instrument [Line Items]
Debt instrument, maintenance fee, percentage			0.95%
Sidecar LC Facilities \| Line of Credit \| Letter of Credit
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 750,000,000
Long-term line of credit		$ 270,000,000

Stockholders’ Equity - Schedule of Changes In Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
After Tax
Foreign exchange translation adjustment	$ 98	$ (62)	$ 7
Pension adjustments	(3)	(4)	(2)
Changes in fair value of cash flow hedges	(8)	11	8
Total other comprehensive (loss) income, net of tax	86	(55)	13
Accumulated Other Comprehensive Loss
Pretax
Foreign exchange translation adjustment	98	(62)	7
Pension adjustments	(7)	(6)	(3)
Changes in fair value of effective cash flow hedges	(11)	13	9
Total net current period other comprehensive income (loss)	80	(55)	13
Tax
Foreign exchange translation adjustment	0	0	0
Pension adjustments	4	2	1
Changes in fair value of effective cash flow hedges	2	(2)	(1)
Total net current period other comprehensive income (loss)	6	0	0
After Tax
Foreign exchange translation adjustment	98	(62)	7
Pension adjustments	(3)	(4)	(2)
Changes in fair value of cash flow hedges	(8)	11	8
Total other comprehensive (loss) income, net of tax	$ 86	$ (55)	$ 13

CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Net sales

$ 3,886

$ 3,770

$ 3,649

Total cost of products and services sold

2,636

2,464

2,366

Products

Net sales

^[1]

3,587

3,453

3,424

Total cost of products and services sold

^[2]

2,419

2,214

2,149

Products | Related Party

Net sales

111

Total cost of products and services sold

Services

Net sales

^[3]

299

317

225

Total cost of products and services sold

217

250

217

Services | Related Party

Net sales

$ 0

$ 30

$ 0

[1]	Product sales include related party product sales of $91 million, $95 million, and $111 million, for the years ended December 31, 2025, 2024, and 2023, respectively.
[2]	Cost of products sold include related party cost of products sold of $12 million, $15 million, and $21 million, for the years ended December 31, 2025, 2024, and 2023, respectively.
[3]	Service sales include related party service sales of $0 million, $30 million, and $0 million, for the years ended December 31, 2025, 2024, and 2023, respectively.

- Definition

The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.

+ References + Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-4

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-14

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-41

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-42

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 8: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 9: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-40

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-4

+ Details

Other Noncurrent Liabilities

12 Months Ended

Dec. 31, 2025

Other Liabilities Disclosure [Abstract]

Other Noncurrent Liabilities

Other noncurrent liabilities are comprised of the following:


	December 31,
	2025		2024
Pension and other employee-related	$	76	$	57
Operating lease liabilities	69		64
Environmental costs	50		47
Deferred income	38		33
Asset retirement obligation	18		17
Income taxes	10		9
Other	2		3
Total Other noncurrent liabilities	$	262	$	230

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Cash flows from operating activities:

Net income

$ 285

$ 605

$ 619

Adjustments to reconcile net income to net cash provided by operating activities

Depreciation

191

175

170

Amortization

Equity income of affiliated companies

(19)

(17)

Gain on sale of fixed assets

(15)

(9)

Stock compensation expense

Accrued interest on long-term debt

Deferred income taxes

(6)

(36)

Changes in assets and liabilities

Accounts receivable

^[1]

(51)

(134)

Inventories

(146)

(16)

(78)

Other assets

(117)

(3)

(14)

Accounts payable

^[2]

Accrued liabilities, current

^[3]

102

Deferred income and customer advances

(20)

Other liabilities

(29)

Net cash provided by operating activities

455

842

760

Cash flows from investing activities:

Capital expenditures paid

(336)

(296)

(299)

Cash paid for long-life catalysts and deferred maintenance

(2)

(1)

(33)

Purchase of intangible assets

(16)

Proceeds from disposals of property, plant, and equipment

Other

(1)

(3)

Net cash used for investing activities

(330)

(298)

(324)

Cash flows from financing activities:

Net transfers to Parent

(684)

(414)

(345)

Issuance of long-term debt

2,000

Payment of deferred financing costs

(38)

Dividend to parent

(1,500)

Finance lease payments

(13)

(39)

(33)

Net cash used for financing activities

(235)

(453)

(378)

Effect of foreign exchange rate changes on cash and cash equivalents

(15)

(36)

(1)

Net (decrease) increase in cash and cash equivalents

(126)

Cash and cash equivalents at beginning of period

661

606

549

Cash and cash equivalents at end of period

534

661

606

Supplemental cash flow information:

Income taxes paid, net of refunds

Interest paid on finance leases

$ 4

$ 10

$ 17

[1]	Includes (increase)/decrease in short term related party receivables of $(5) million, $4 million, and $(10) million for the years ended December 31, 2025, 2024, and 2023, respectively, and decrease/(increase) in long term related party receivables of $7 million and $(7) million for the years ended December 31, 2025 and 2024, respectively.
[2]	Includes (decrease)/increase in related party accounts payables of $(1) million, $(4) million, and $(6) million for the years ended December 31, 2025, 2024, and 2023, respectively.
[3]	Includes increase in related party accrued liabilities of $9 million, $7 million, and $6 million for the years ended December 31, 2025, 2024, and 2023, respectively.

Postretirement Benefit Plans - Schedule of Expected Benefit Payments (Details) $ in Millions	Dec. 31, 2025 USD ($)
U.S. Plan
Defined Benefit Plan Disclosure [Line Items]
2026	$ 16
2027	14
2028	12
2029	10
2030	10
2031-2035	38
Non-US Plans
Defined Benefit Plan Disclosure [Line Items]
2026	5
2027	4
2028	4
2029	4
2030	4
2031-2035	$ 0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (k)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (j)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (j)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (j)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (j)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (c)(iv)(02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (c)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-7

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (m)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

+ Details

CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions

Dec. 31, 2025

Dec. 31, 2024

Current assets:

Cash and cash equivalents

$ 534

$ 661

Accounts receivable, less allowances

^[1]

645

569

Inventories

715

558

Product loans receivable, current

^[2]

300

Other current assets

193

Total current assets

2,388

1,861

Property, plant and equipment – net

2,055

1,746

Goodwill

820

806

Intangible assets – net

Deferred income taxes

Product loans receivable

^[3]

264

Equity method investments

162

146

Noncurrent assets

^[4]

192

142

Total assets

5,673

5,004

Current liabilities:

Accounts payable

^[5]

909

778

Current portion of long-term debt

Product loans payable, current

320

Finance lease liabilities, current

Accrued and other current liabilities

^[6]

467

283

Total current liabilities

1,713

1,083

Long-term debt

1,968

Deferred income taxes

233

179

Product loans payable, noncurrent

293

Finance lease liabilities, noncurrent

104

Other noncurrent liabilities

262

230

Total liabilities

4,296

1,822

Commitments and Contingencies

EQUITY

Common stock (par value $0.01 per share; 500,000,000 shares authorized; 158,747,196 shares issued and outstanding at December 31, 2025; 0 shares issued and outstanding at December 31, 2024)

Additional paid-in capital

1,495

Net Parent investment

3,471

Accumulated other comprehensive loss

(127)

(213)

Retained earnings

Total Solstice Advanced Materials stockholders’ equity

1,411

3,258

Noncontrolling interest

(34)

(76)

Total equity

1,377

3,182

Total liabilities and equity

$ 5,673

$ 5,004

[1]	Accounts receivable include related party receivables of $45 million and $40 million, as of December 31, 2025 and 2024, respectively.
[2]	Product loans receivable/payable, current include related party loans receivables/payables of $178 million and $0 million as of December 31, 2025 and 2024, respectively.
[3]	Product loans receivable/payable, noncurrent include related party loans receivables/payables of $0 million and $156 million as of December 31, 2025 and 2024, respectively
[4]	Other noncurrent assets include related party long-term receivables of $0 million and $7 million as of December 31, 2025 and 2024, respectively.
[5]	Accounts payable include related party accounts payables of $2 million and $3 million as of December 31, 2025 and 2024, respectively.
[6]	Accrued and other current liabilities include related party payables of $69 million and $60 million as of December 31, 2025 and 2024, respectively.

Property, Plant and Equipment – Net (Tables)

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment

Property, plant and equipment - net are comprised of the following:


	December 31,
	2025		2024
Land and improvements	$	27	$	24
Machinery and equipment	3,450		3,218
Buildings and improvements	732		623
Construction in progress	430		285
Total Property, plant and equipment	4,639		4,150
Less – Accumulated depreciation	(2,583)		(2,404)
Total Property, plant and equipment – net	$	2,055	$	1,746

Income Taxes - Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
$
US Federal Statutory Tax Rate	$ 136
State and local income taxes, net of Federal income tax effects	17
Global intangible low-taxed income	2
Foreign-derived intangible income benefit	(6)
U.S. research and development tax credit	(10)
Transaction costs	10
Other	(2)
Changes in unrecognized tax benefits	2
Non-controlling interest and partnership	(11)
Income tax expense	$ 362	$ 192	$ 195
%
US Federal Statutory Tax Rate	21.00%	21.00%	21.00%
State and local income taxes, net of Federal income tax effects	2.60%	3.30%	3.20%
Other		(0.60%)	0.40%
Other foreign jurisdictions		2.90%	2.30%
Global intangible low-taxed income	0.30%
Foreign-derived intangible income benefit	(0.90%)	(1.40%)	(1.80%)
U.S. research and development tax credit	(1.50%)	(1.10%)	(1.10%)
Transaction costs	1.50%
Other	(0.30%)
Changes in unrecognized tax benefits	0.30%
Non-controlling interest and partnership	(1.70%)
Effective tax rate	56.00%	24.10%	24.00%
China
$
Discrete tax adjustments - restructuring in advance of the Spin-off	$ 180
Withholding taxes on unremitted earnings	(15)
Other	$ 2
%
Discrete tax adjustments - restructuring in advance of the Spin-off	27.80%
Withholding taxes on unremitted earnings	(2.30%)
Other	0.30%
United Arab Emirates
$
Other	$ 1
Valuation Allowance	$ 10
%
Other	0.20%
Valuation Allowance	1.50%
Japan
$
Withholding taxes on unremitted earnings	$ 13
Other	$ 7
%
Withholding taxes on unremitted earnings	2.00%
Other	1.10%
Taiwan
$
Withholding taxes on unremitted earnings	$ 9
Other	$ 5
%
Withholding taxes on unremitted earnings	1.40%
Other	0.80%
Other foreign jurisdictions
$
Other foreign jurisdictions	$ 11
%
Other foreign jurisdictions	1.70%
U.S. Plan
$
Other	$ 1
%
Other	0.20%

Commitment and Contingencies

12 Months Ended

Dec. 31, 2025

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Environmental Matters

The Company records liabilities for environmental matters when remedial efforts or damage claim payments are probable and the costs can be reasonably estimated. Such liabilities are based on the Company’s best estimate of the undiscounted future costs required to complete the remedial work. The recorded liabilities are adjusted periodically as remediation efforts progress or as additional technical, regulatory, or legal information becomes available. Given the uncertainties regarding the status of laws, regulations, enforcement policies, the impact of other potentially responsible parties, technology, and information related to individual sites, the Company does not believe it is possible to develop an estimate of the range of reasonably possible environmental loss in excess of the Company’s recorded liabilities. Costs related to environmental remediation are charged to expense in the period that the associated liability is accrued. The following table summarizes information concerning the Company’s recorded liabilities for environmental costs:


	December 31,
	2025		2024		2023
Beginning of year	$	53	$	54	$	46
Accruals for environmental matters deemed probable and reasonably estimable	4		—		9
Environmental liability payments	(1)		(1)		(1)
End of year	$	56	$	53	$	54


	December 31,
	2025		2024
Accrued and other current liabilities	$	6	$	6
Other noncurrent liabilities	50		47
Total environmental liabilities	$	56	$	53

The following table sets forth the Company’s environmental remediation liabilities at December 31, 2025 and 2024 for the three sites that are deemed the most significant during the periods presented, together with the aggregate liabilities for all other sites.


	December 31,
	2025		2024
Delaware Valley Works Facility1	$	38	$	38
Amherstburg - Ontario, Canada	4		5
Seelze, Germany	4		1
All other sites2	10		9
Total environmental liabilities	$	56	$	53

_________________

1.The Environmental reserve liability at Delaware Valley Works Facility is associated with a repositioning project, which started remediating in 2024.

2.Comprising 15 other sites, inclusive of Buffalo River, New York site which started remediating in 2022.

The Company does not currently possess sufficient information to reasonably estimate the amounts of environmental liabilities to be recorded upon future completion of studies, litigation, or settlements, and neither the timing nor the amount of the ultimate costs associated with environmental matters can be determined, although they could be material to the Company’s consolidated results of operations and operating cash flows in the periods recognized or paid. However, considering the Company’s past experience and existing reserves, the Company does not expect that environmental matters will have a material adverse effect on its consolidated financial position.

Asset Retirement Obligations

Asset retirement obligations result from legal obligations associated with the retirement of long-lived assets that result from the acquisition, construction, development and/or the normal operation of a long-lived asset. Accordingly, the Company recognizes asset retirement obligations in the period in which they are incurred if a reasonable estimate of fair value can be made. The associated asset retirement costs are capitalized as part of the carrying amount of the long-lived asset. The Company depreciates the amount added to property, plant and equipment on a straight-line basis, and recognizes accretion expense in connection with the discounted liability over the remaining useful life of the asset.

The Company recognized as a liability the present value of the estimated future costs to decommission its uranium conversion facility. The estimated liability is based on the estimated useful lives of the underlying asset, third-party estimates of the cost to decommission the asset in the future, and federal and state regulatory requirements, adjusted for inflation and discounted using the Company’s credit-adjusted risk-free rate that ranges from 6.5% to 6.6%. Revisions to the liability could occur due to changes in the Company’s estimated useful lives of the underlying assets, estimated dates of decommissioning and timing of related cash outflows, changes in decommissioning costs,

changes in federal or state regulatory guidance on the decommissioning of such facilities, or other changes in estimates. The Company recognizes changes due to revised estimates by adjusting the carrying amount of the liability and the related long-lived asset if the asset is still in service or charged to expense in the period if the asset is no longer in service.

Other Matters

AES Facility matters

Since 2018, the Company has been involved in various legal proceedings in the United States District Court for the Southern District of Illinois related to its AES Facility, including eight separate lawsuits alleging cancer caused by radiation exposures that were settled in 2024. The Company remains involved in additional legal proceedings (i) related to alleged radiation contamination of properties around the plant by the city of Metropolis, Illinois, and the county of Massac, Illinois, (ii) a class action lawsuit alleging property damage by a group of plaintiffs on behalf of all property owners within a three-mile radius of the facility, and (iii) one alleged personal injury case. The Company is currently awaiting rulings on a motion for summary judgment related to the city and county cases, with rulings expected in 2026. For the alleged class action, the parties completed briefing on the plaintiffs’ motion for class certification and a ruling is expected in 2026. All plaintiffs in these matters are seeking compensatory damages and, in certain cases, punitive damages, medical monitoring, declaratory and/or injunctive relief. The Department of Energy (“the DoE”) has reached an agreement with the Company pursuant to which we understand the DoE intends to take appropriate action to provide sufficient assurance of the continued operational availability of the Company’s AES Facility to support the existing and future demand for uranium hexafluoride, including by extending reimbursement to the Company for certain litigation costs. In addition, the Company is also pursuing claims under Honeywell’s nuclear liability policies with American Nuclear Insurers. While we cannot predict the outcome of these matters, based on the facts currently known to us, we do not anticipate that these matters will have a material adverse effect on our financial condition, results of operations, or cash flows.

Under the Company’s agreement with the DoE, the DoE has also agreed to share in certain costs in connection with the expansion of our AES Facility.

Other matters

The Company is subject to a number of other lawsuits, investigations, and disputes (some of which involve substantial amounts claimed) arising out of the conduct of the Company's business, including matters relating to commercial transactions, intellectual property, and environmental, health, and safety matters. The Company recognizes liabilities for any contingency that is probable of occurrence and reasonably estimable. The Company continually assesses the likelihood of adverse judgments or outcomes in such matters, as well as potential ranges of probable losses (taking into consideration any insurance recoveries), based on a careful analysis of each matter with the assistance of outside legal counsel and, if applicable, other experts.

Given the uncertainty inherent in litigation and investigations, the Company cannot predict when or how these matters will be resolved and does not believe it is possible to develop estimates of reasonably possible loss (or a range of possible loss) in excess of current accruals for commitment and contingency matters. Considering the Company's past experience and existing accruals, the Company does not expect the outcome of such matters, either individually or in the aggregate, to have a material adverse effect on the Company's Consolidated financial position. Because most contingencies are resolved over long periods of time, potential liabilities are subject to change due to new developments (including new discovery of facts, changes in legislation, and outcomes of similar cases through the judicial system) or changes in assumptions, which could cause the Company to pay damage awards or settlements (or become subject to equitable remedies) that could have a material adverse effect on the Company's Consolidated results of operations or operating cash flows in the periods recognized or paid.

Segment Financial Data - Narrative (Details)	12 Months Ended
Segment Financial Data - Narrative (Details)	Dec. 31, 2025 segment
Segment Reporting [Abstract]
Number of reportable segments	2

Stockholders’ Equity - Narrative (Details)	Dec. 31, 2025 $ / shares shares
Stockholders' Equity Note [Abstract]
Common stock, shares authorized (in shares) \| shares	500,000,000
Common stock, par value (in usd per share) \| $ / shares	$ 0.01
Preferred stock, shares authorized (in shares) \| shares	10,000,000
Preferred stock, no par value (in usd per share) \| $ / shares	$ 0

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
Cybersecurity Risk Management and Strategy Disclosure	Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	Risk Management and Strategy We maintain a cybersecurity and information security risk management program designed to assess, identify, manage, and govern material risks from cybersecurity threats. Our cybersecurity and information security risk management program is a key component of our overall enterprise risk management program. We maintain cybersecurity policies and procedures in accordance with industry standard control frameworks and applicable regulations, laws, and standards. We maintain oversight of our cybersecurity and information security risk management program via a corporate structure that includes a Cybersecurity Disclosure Committee, a Security Governance Council, the Audit Committee of the Board of Directors (“Audit Committee”) and the Board of Directors. We assess and evaluate cybersecurity-related risks on a quarterly basis or as needed, to determine whether any such risks have the potential to materially impact our business operations, revenue, and expenditures and to understand the degree of such risks relative to other risks faced by the Company. Our Chief Information Security Officer has served in various roles in IT and information security for nearly 25 years, including security-related roles in technology deployments, cyber risk management, regulatory compliance and operations. He holds a diploma in Information Technology from Nettur Technical Training Foundation and a post graduate diploma in information technology from the Sikkim Manipal University. Prior to serving in his current role, our Chief Information Security Officer was part of Honeywell’s global security leadership, leading the governance, risk and compliance function across the global enterprise. Our Chief Information Security Officer reports to our Senior Vice President, General Counsel & Corporate Secretary and oversees the Solstice Global Security Organization (SGS). SGS is responsible for leading enterprise-wide information security strategy, architecture, and processes. Included within SGS’s scope is responsibility for infrastructure defense and security controls, performing vulnerability assessments, security incident management, and defining the parameters and standards of our cybersecurity and information security risk management program. Our cybersecurity and information security risk management program includes risk assessment and mitigation through a threat intelligence-driven approach, application controls, and security monitoring. The cybersecurity and information security risk management program leverages International Organization for Standardizations (ISO) 22301 standard for business continuity, ISO 27001 standard for information security management systems, and the National Institute of Standards and Technology (NIST) Cyber Security Framework (NIST 800-171) for measuring overall readiness to respond to cyber threats. SGS has more than 20 members, with expertise in: (i) application security, (ii) governance and compliance, (iii) program and vulnerability management, (iv) security engineering, (v) identity and access management, (vi) security operations and security assurance, (vii) threat intelligence and security architecture, (viii) incident response, (ix) physical security, (x) operational technology security and (xi) business resiliency. In addition, our SGS receives additional support from a third-party managed security service provider. We rely on internal resources and third-party service providers for certain critical or key infrastructure, solutions, and services across our operations. We have a third-party risk management program that assesses risks from vendors and suppliers that provide, among other things, key information and supply chain services to the Company. In addition, the Company maintains business continuity and disaster recovery plans as well as cybersecurity insurance coverage. From time to time, we engage third parties to perform periodic, internal security reviews/audits, as well as assess the adequacy of our cybersecurity and information security risk management program. The most recent third-party assessment occurred in October 2025. We maintain cybersecurity and information security awareness training programs for employees. Formal training on topics relating to the Company’s cybersecurity, data privacy and information security policies and procedures is mandatory for all employees with access to the Company’s network. Training will be administered and tracked through online learning modules. Improper or illegitimate use of the Company’s information system resources or violation of the Company’s information security policies and procedures may result in disciplinary action. Additionally, we periodically engage in cyber crisis response table-top simulations to assess our ability to adapt to security-related threats. In the event an attack or other intrusion were to be successful, we have a response team of internal and external resources engaged and prepared to respond. To date, no risks from cybersecurity threats, including as a result of any previous cybersecurity incidents, materially affected or are reasonably likely to materially affect us, including our business strategy, results of operations or financial condition. For further discussion of the risks related to cybersecurity, see the risk factors discussed under Item 1A. “Risk Factors” of this Annual Report on Form 10-K.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	We maintain a cybersecurity and information security risk management program designed to assess, identify, manage, and govern material risks from cybersecurity threats. Our cybersecurity and information security risk management program is a key component of our overall enterprise risk management program. We maintain cybersecurity policies and procedures in accordance with industry standard control frameworks and applicable regulations, laws, and standards.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	The Company’s Board is responsible for cybersecurity risk oversight and delegated such oversight to the Audit Committee.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Company’s Board is responsible for cybersecurity risk oversight and delegated such oversight to the Audit Committee. The Audit Committee, a committee comprised of independent Board members, two of whom have notable experience related to the oversight of cybersecurity issues, is responsible for oversight of the Company’s IT and cybersecurity risks and regularly reports to the Board on IT and cybersecurity matters. The Audit Committee oversees cybersecurity risks including those related to the protection of customer and employee data, trade secrets, and other proprietary information, the security of cloud data, persistent threats, and cybersecurity risks associated with the Company’s facilities.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Cybersecurity Disclosure Committee informs the Security Governance Council and the Audit Committee of any cybersecurity incidents (if any) that have the potential to materially adversely impact the Company or our information systems.
Cybersecurity Risk Role of Management [Text Block]	Our Security Governance Council, which meets quarterly or as needed, is led by our Chief Information Security Officer, and includes members of senior executive leadership. Our Security Governance Council maintains a security program designed to monitor and track key security performance indicators and provides regular updates to the Audit Committee as part of its oversight. Our Chief Information Security Officer will provide updates directly to the full Board once a year and directly to the Audit Committee at least twice a year or as needed. These updates cover topics related to our information security program, cyber risks and risk management processes, including the status of significant cybersecurity incidents, the emerging threat landscape, and the status of projects to strengthen the Company’s information security posture. Our Cybersecurity Disclosure Committee receives updates as needed from the SGS regarding cybersecurity incidents. The Cybersecurity Disclosure Committee includes our Chief Information Security Officer and senior representatives from finance, controllership, internal audit, investor relations, tax, and legal. Our governance, risk and compliance team, which is part of our SGS, works in partnership with our internal audit team to review cybersecurity and IT-related internal controls as part of our overall internal controls process.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	Our Security Governance Council, which meets quarterly or as needed, is led by our Chief Information Security Officer, and includes members of senior executive leadership.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Our Chief Information Security Officer has served in various roles in IT and information security for nearly 25 years, including security-related roles in technology deployments, cyber risk management, regulatory compliance and operations. He holds a diploma in Information Technology from Nettur Technical Training Foundation and a post graduate diploma in information technology from the Sikkim Manipal University. Prior to serving in his current role, our Chief Information Security Officer was part of Honeywell’s global security leadership, leading the governance, risk and compliance function across the global enterprise. Our Chief Information Security Officer reports to our Senior Vice President, General Counsel & Corporate Secretary and oversees the Solstice Global Security Organization (SGS). SGS is responsible for leading enterprise-wide information security strategy, architecture, and processes. Included within SGS’s scope is responsibility for infrastructure defense and security controls, performing vulnerability assessments, security incident management, and defining the parameters and standards of our cybersecurity and information security risk management program. Our cybersecurity and information security risk management program includes risk assessment and mitigation through a threat intelligence-driven approach, application controls, and security monitoring. The cybersecurity and information security risk management program leverages International Organization for Standardizations (ISO) 22301 standard for business continuity, ISO 27001 standard for information security management systems, and the National Institute of Standards and Technology (NIST) Cyber Security Framework (NIST 800-171) for measuring overall readiness to respond to cyber threats. SGS has more than 20 members, with expertise in: (i) application security, (ii) governance and compliance, (iii) program and vulnerability management, (iv) security engineering, (v) identity and access management, (vi) security operations and security assurance, (vii) threat intelligence and security architecture, (viii) incident response, (ix) physical security, (x) operational technology security and (xi) business resiliency. In addition, our SGS receives additional support from a third-party managed security service provider.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	Our Security Governance Council maintains a security program designed to monitor and track key security performance indicators and provides regular updates to the Audit Committee as part of its oversight. Our Chief Information Security Officer will provide updates directly to the full Board once a year and directly to the Audit Committee at least twice a year or as needed. These updates cover topics related to our information security program, cyber risks and risk management processes, including the status of significant cybersecurity incidents, the emerging threat landscape, and the status of projects to strengthen the Company’s information security posture.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Other Noncurrent Liabilities - Schedule of Other Noncurrent Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Other Liabilities Disclosure [Abstract]
Pension and other employee-related	$ 76	$ 57
Operating lease liabilities	69	64
Environmental costs	50	47
Deferred income	38	33
Asset retirement obligation	18	17
Income taxes	10	9
Other	2	3
Total Other noncurrent liabilities	$ 262	$ 230

Cover - USD ($) $ in Millions	12 Months Ended
Cover - USD ($) $ in Millions	Dec. 31, 2025	Feb. 12, 2026	Jun. 30, 2025
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2025
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-42812
Registrant Name	Solstice Advanced Materials Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	33-2919563
Entity Address, Address Line One	115 Tabor Rd
Entity Address, City or Town	Morris Plains
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07950-2546
City Area Code	973
Local Phone Number	370-8188
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	SOLS
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 0
Entity Common Stock, Shares Outstanding		158,747,545
Documents Incorporated by Reference	Certain information required by Part III of this Annual Report on Form 10-K is incorporated by reference from the Registrant’s Definitive Proxy Statement for the 2026 Annual Meeting of Shareowners, to be filed with the U.S. Securities and Exchange Commission within 120 days after the end of the fiscal year to which this report relates.
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	FY
Amendment flag	false
Entity central index key	0002064953

Inventories - Schedule of Components of Inventories (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Inventory Disclosure [Abstract]
Raw materials	$ 71	$ 67
Work in process	239	193
Finished products	405	298
Total Inventories	$ 715	$ 558

Commitment and Contingencies (Tables)

12 Months Ended

Dec. 31, 2025

Commitments and Contingencies Disclosure [Abstract]

Schedule Of Accrual For Environmental Loss Contingencies Roll Forward

The following table summarizes information concerning the Company’s recorded liabilities for environmental costs:


	December 31,
	2025		2024		2023
Beginning of year	$	53	$	54	$	46
Accruals for environmental matters deemed probable and reasonably estimable	4		—		9
Environmental liability payments	(1)		(1)		(1)
End of year	$	56	$	53	$	54


	December 31,
	2025		2024
Accrued and other current liabilities	$	6	$	6
Other noncurrent liabilities	50		47
Total environmental liabilities	$	56	$	53

Schedule of Environmental Remediation Liabilities


	December 31,
	2025		2024
Delaware Valley Works Facility1	$	38	$	38
Amherstburg - Ontario, Canada	4		5
Seelze, Germany	4		1
All other sites2	10		9
Total environmental liabilities	$	56	$	53

_________________

1.The Environmental reserve liability at Delaware Valley Works Facility is associated with a repositioning project, which started remediating in 2024.

2.Comprising 15 other sites, inclusive of Buffalo River, New York site which started remediating in 2022.

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 2025
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 31, 2025
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Corporate Allocations The accompanying financial statements for the periods prior to the Spin-off reflected allocations of certain expenses from Honeywell including, but not limited to, legal, accounting, information technology (“IT”), human resources and other infrastructure support. The allocation method was based on the Company’s proportion of total Honeywell revenue in each respective period, relative to the Honeywell expense cost pool. Allocations for management costs and corporate support services provided to the Company totaled $192 million, $205 million and $201 million for the years ended December 31, 2025, 2024 and 2023, respectively, and such amounts are included within Selling, general and administrative expenses in the Consolidated Statements of Operations. These corporate allocations include stock-based compensation expense allocated to the Company for corporate and shared employees of $21 million, $12 million and $13 million and U.S. pension service costs of $2 million, $3 million and $3 million for the years ended December 31, 2025, 2024 and 2023, respectively. Related Party Sales and Purchases Product sales to affiliates Product and service sales in the Consolidated Statements of Operations include sales to affiliates of $91 million, $125 million and $111 million for the years ended December 31, 2025 (through the Spin-off date), 2024 and 2023, respectively. Certain of these product sales are cash-settled and reflected in the Consolidated Balance Sheets. Accounts receivable – net includes $45 million and $40 million of these transactions as of December 31, 2025 (through the Spin-off date), and 2024, respectively. Purchases from affiliates Purchases made by the Company from its affiliates, including Honeywell, were $19 million, $22 million and $26 million for the years ended December 31, 2025, 2024 and 2023, respectively. Honeywell is not considered an affiliate following the Spin-off. Purchases made by the Company from Honeywell, were $9 million, $12 million and $13 million for the years ended December 31, 2025, 2024 and 2023, respectively. Accounts payable includes $2 million and $3 million as of December 31, 2025 and 2024, respectively, related to such transactions. In addition to normal recurring purchases, ConverDyn, the Company’s consolidated VIE (refer to Note 19 – Investments for further details), holds accrued liabilities of $69 million and $60 million as of December 31, 2025 and 2024, respectively, to an affiliate of General Atomics relating to payments owed by ConverDyn for the standby costs of maintaining a uranium conversion facility owned by such affiliate of General Atomics. These payments cannot be paid by ConverDyn until ConverDyn fully pays to the Company the costs of operating the Nuclear Facility (“AES Facility”). Until repaid, these obligations to the affiliate General Atomics accrue interest at the U.S. prime rate plus two percent. Product loans During 2024, ConverDyn entered into an arrangement to borrow certain products from a customer of ConverDyn and loan such products to an affiliate of General Atomics until December 31, 2026, in exchange for a fixed fee billed annually. Service net sales within the Consolidated Statements of Operations includes $0 million and $30 million for the years ended December 31, 2025 and 2024, respectively, related to this arrangement. The Consolidated Balance Sheet includes Product loans receivable and Product loans payable related to uranium ore of approximately $178 million and $178 million, as of December 31, 2025, and approximately $156 million and $156 million, as of December 31, 2024. This results in a net position of $0 million loans payable/receivable related to these arrangements for ConverDyn as of December 31, 2025, and December 31, 2024. As of December 31, 2025 and 2024, the Consolidated Balance Sheet includes short-term and long-term unbilled Accounts receivable related to the loan fees receivable of approximately $7 million and $18 million, respectively. Cash Management and Net Parent Investment Prior to the Spin-off, Honeywell used a centralized approach for the purpose of cash management and financing of its operations. The Company’s excess cash was transferred to Honeywell daily, and Honeywell funded the Company’s operating and investing activities as needed. The total net effect of the settlement of these intercompany transactions is reflected in the Consolidated Statements of Cash Flows as a financing activity and in the Consolidated Balance Sheets as Net Parent investment. Parent Company Credit Support Honeywell agreed to provide the Company support through certain parent company performance guarantees that will remain in place during a transition period of up to 24 months following the Spin-off and as guarantor of or obligor for certain letters of credit and other credit support instruments that have been issued on the Company’s behalf during a transition period of up to 12 months following the Spin-off.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-5

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

+ Details

Other Noncurrent Assets

12 Months Ended

Dec. 31, 2025

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Noncurrent Assets


	December 31,
	2025		2024
Right-of-use assets	89		90
Prepaid pension cost	45		—
Long-life catalysts – net	26		25
Capitalized software – net	22		6
Deferred debt issuance costs	6		—
Long-term accounts receivable	2		15
Deferred maintenance – net	—		7
Other	2		—
Total Other noncurrent assets	$	192	$	142

The Company recorded total amortization expense of $24 million, $39 million, and $48 million for the years ended December 31, 2025, 2024, and 2023, respectively, which included amounts related to deferred maintenance, long‑life catalysts, and capitalized software.

Business Overview and Basis of Presentation (Details)	Dec. 31, 2025 shares	Oct. 30, 2025 shares	Dec. 31, 2024 shares
Related Party Transaction [Line Items]
Shares issued (in shares)	158,747,196	158,727,456	0
Shares outstanding (in shares)	158,747,196	158,727,456	0
Honeywell \| Spinoff
Related Party Transaction [Line Items]
Common stock, issued, distribution ratio		0.25

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481990/310-10-45-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c)(2)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c)(2)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

+ Details

Postretirement Benefit Plans - Schedule of Defined Benefit Plans Disclosures (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Amounts recognized in the Consolidated Balance Sheets consist of
Noncurrent assets - pension assets	$ 45	$ 0
Amounts recognized in Accumulated other comprehensive loss:
Net amount recognized		6
U.S. Plan
Change in benefit obligation
Benefit obligation at beginning of year	106
Interest cost	1
Changes in financial assumptions (gain) loss	0
Actuarial loss	0
Benefits paid	0
Other, including currency impact	0
Benefit obligation at end of year	108	106
Amounts recognized in the Consolidated Balance Sheets consist of
Noncurrent assets - pension assets	44
Accrued and other current liabilities	0
Other noncurrent liabilities	0
Net amount recognized	44
Amounts recognized in Accumulated other comprehensive loss:
Net actuarial (gain) loss	13
Net amount recognized	13
Accumulated benefit obligation	106
Non-US Plans
Change in benefit obligation
Benefit obligation at beginning of year	61	62
Interest cost	2	2	$ 2
Changes in financial assumptions (gain) loss	(2)	(1)
Actuarial loss	0	4
Benefits paid	(3)	(3)	(3)
Other, including currency impact	4	(3)
Benefit obligation at end of year	62	61	$ 62
Amounts recognized in the Consolidated Balance Sheets consist of
Noncurrent assets - pension assets	0	0
Accrued and other current liabilities	(5)	(4)
Other noncurrent liabilities	(57)	(57)
Net amount recognized	(62)	(61)
Amounts recognized in Accumulated other comprehensive loss:
Net actuarial (gain) loss	(3)	6
Net amount recognized	(3)
Accumulated benefit obligation	$ 62	$ 61

Property, Plant and Equipment – Net - Schedule of Property and Equipment (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Property, Plant and Equipment [Line Items]
Total Property, plant and equipment	$ 4,639	$ 4,150
Less – Accumulated depreciation	(2,583)	(2,404)
Total Property, plant and equipment – net	2,055	1,746
Land and improvements
Property, Plant and Equipment [Line Items]
Total Property, plant and equipment	27	24
Machinery and equipment
Property, Plant and Equipment [Line Items]
Total Property, plant and equipment	3,450	3,218
Buildings and improvements
Property, Plant and Equipment [Line Items]
Total Property, plant and equipment	732	623
Construction in progress
Property, Plant and Equipment [Line Items]
Total Property, plant and equipment	$ 430	$ 285

Debt - Components of Debt (Details) - USD ($) $ in Millions	Dec. 31, 2025	Sep. 30, 2025	Dec. 31, 2024
Debt Instrument [Line Items]
Finance lease liabilities	$ 118		$ 59
Total long-term debt and lease liabilities	2,118		59
Unamortized discount	15		0
Unamortized debt issuance costs	13		0
Current portion of long-term debt and finance lease liabilities, current	18		22
Total	2,072		37
Term Loan Facility due 2032 \| Line of Credit
Debt Instrument [Line Items]
Long-term debt	1,000		0
5.625% Senior Notes due 2033 \| Senior Notes
Debt Instrument [Line Items]
Long-term debt	$ 1,000		$ 0
Debt instrument, interest rate, stated percentage	5.625%	5.625%

Commitment and Contingencies - Schedule of Environmental Remediation Liabilities (Details) $ in Millions	12 Months Ended
	Dec. 31, 2025 USD ($) site	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Loss Contingencies [Line Items]
Total environmental liabilities	$ 56	$ 53	$ 54	$ 46
Environmental loss contingencies, number of other sites \| site	15
Delaware Valley Works Facility
Loss Contingencies [Line Items]
Total environmental liabilities	$ 38	38
Amherstburg - Ontario, Canada
Loss Contingencies [Line Items]
Total environmental liabilities	4	5
Seelze, Germany
Loss Contingencies [Line Items]
Total environmental liabilities	4	1
All other sites
Loss Contingencies [Line Items]
Total environmental liabilities	$ 10	$ 9

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 275
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482861/275-10-50-9

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-4

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-9

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 720
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483359/720-20-50-1

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 460
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 27
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482395/460-10-55-27

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-9

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-4

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 460
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482425/460-10-50-3

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 450
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483076/450-20-50-1

+ Details

Postretirement Benefit Plans - Schedule of Plan Assets and Fair Value Measurements (Details) $ in Millions	Dec. 31, 2025 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 151
Cash and short-term investments
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	120
Defined Benefit Plan, Equity Securities, US
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	16
Asset transfer due from Honeywell
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 15

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

- Definition

Amount of asset segregated and restricted to provide benefit under defined benefit plan. Asset includes, but is not limited to, stock, bond, other investment, earning from investment, and contribution by employer and employee.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (c)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (c)(iv)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (c)(iv)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Subparagraph (c)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-5

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480482/715-20-55-17

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 12: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

+ Details

Goodwill and Other Intangible Assets - Net (Tables)

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The below table summarizes the change in goodwill for the years ended December 31, 2025 and December 31, 2024, by segment:


	December 31, 2023		Currency Translation Adjustment		December 31, 2024		Currency Translation Adjustment		December 31, 2025
Refrigerants & Applied Solutions	$	619	$	(6)	$	613	$	11	$	624
Electronic & Specialty Materials	195		(2)		193		3		196
Total Goodwill	$	814	$	(8)	$	806	$	14	$	820

Schedule of Indefinite-Lived Intangible Assets

Other intangible assets are comprised of the following:


	December 31, 2025						December 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Definite-life intangibles
Customer relationships	$	35	$	(30)	$	5	$	34	$	(27)	$	7
Patents and technology	21		(6)		15		6		(4)		2
Other intangible assets	3		(2)		—		3		(2)		1
Total definite-life intangibles – net	58		(37)		21		43		(33)		10
Indefinite-life intangibles
Trademarks	29		—		29		25		—		25
Total Other intangible assets – net	$	87	$	(37)	$	49	$	68	$	(33)	$	35

Schedule of Finite-Lived Intangible Assets

Other intangible assets are comprised of the following:


	December 31, 2025						December 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Definite-life intangibles
Customer relationships	$	35	$	(30)	$	5	$	34	$	(27)	$	7
Patents and technology	21		(6)		15		6		(4)		2
Other intangible assets	3		(2)		—		3		(2)		1
Total definite-life intangibles – net	58		(37)		21		43		(33)		10
Indefinite-life intangibles
Trademarks	29		—		29		25		—		25
Total Other intangible assets – net	$	87	$	(37)	$	49	$	68	$	(33)	$	35

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Estimated intangible asset amortization expense for each of the next five years is as follows:


	Amount
2026	$	3
2027	3
2028	3
2029	3
2030	3
Thereafter	8

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

+ Details

Investments - Assets and Liabilities of ConverDyn JV (Details) - USD ($)
$ in Millions

Dec. 31, 2025

Dec. 31, 2024

Schedule of Equity Method Investments [Line Items]

Current assets

$ 193

$ 73

Noncurrent assets

^[1]

192

142

Total assets

5,673

5,004

Noncurrent liabilities

262

230

Total liabilities

4,296

1,822

Affiliated Entity | ConverDyn

Schedule of Equity Method Investments [Line Items]

Product loans receivable

178

156

Current liabilities

Product loans payable

178

156

Variable Interest Entity, Primary Beneficiary | ConverDyn

Schedule of Equity Method Investments [Line Items]

Current assets

179

Product loans receivable

300

264

Noncurrent assets

Total assets

481

360

Current liabilities

182

110

Product loans payable

336

293

Noncurrent liabilities

Total liabilities

$ 551

$ 436

[1]	Other noncurrent assets include related party long-term receivables of $0 million and $7 million as of December 31, 2025 and 2024, respectively.

Investments

12 Months Ended

Dec. 31, 2025

Equity Method Investments and Joint Ventures [Abstract]

Investments

Equity Method Investments

The total balance of the Company’s equity method investments recorded in the Consolidated Balance Sheets as of December 31, 2025 and 2024 was $162 million and $146 million, respectively. These equity method investments are not considered significant for disclosure of summarized financial information on either an individual or aggregated basis.

The Company’s principal equity method investments as of December 31, 2025 and 2024 are as follows:

Asahi-Schwebel JV

Asahi-Schwebel (Taiwan) Co., Ltd. is a joint venture (“JV”) between the Company and Asahi Kasei EMD Corporation which manufactures woven glass fabrics in China and sells licensed products worldwide. The JV supplies raw materials and semi-finished products to the Company. The Company holds a 49% ownership interest in this JV. The Company does not maintain a controlling interest and therefore, the investment is presented as an equity method investment in the Consolidated Balance Sheets. The Company's investment in this JV was $34 million and $29 million as of December 31, 2025 and 2024, respectively, classified as Equity method investments in the Consolidated Balance Sheets.

Quimobásicos JV

Quimobásicos, S.A. de C.V. is a JV between the Company and Celulosa y Derivados, S.A. in Mexico which specializes in manufacturing refrigerant gases for sale primarily in Central America, South America and the Caribbean. The Company holds a 49% ownership interest in this JV. The Company does not maintain a controlling interest and therefore, the investment is presented as an equity method investment in the Consolidated Balance Sheets. The Company's investment in this JV was $25 million and $26 million as of December 31, 2025 and 2024, respectively, classified as Equity method investments in the Consolidated Balance Sheets.

Variable Interest Entities

Entities identified as VIEs have been evaluated to determine whether the Company is the primary beneficiary. The Company consolidates VIEs for which it is the primary beneficiary, and if the Company is not the primary beneficiary and an ownership interest is held, the VIE is accounted for under the equity method of accounting. Investments identified as VIEs are discussed below under consolidated VIE and unconsolidated VIE.

Consolidated VIE

ConverDyn JV

ConverDyn is a JV between the Company and General Atomics, Inc. (“General Atomics”) that provides uranium hexafluoride conversion and related services to utilities operating nuclear power plants in North America, Europe and Asia. ConverDyn is the exclusive purchaser of uranium conversion services provided by the Nuclear (AES) Facility. The Company and General Atomics each hold a 50% interest in the JV. ConverDyn is classified as a VIE as (x) the Company holds responsibility for and provides anticipated financial support of certain of ConverDyn’s

obligations including certain performance guarantees related to conversion services and has agreed to indemnify Honeywell against, pursuant to the Separation Agreement, and (y) the Company’s operations of and cost recovery for the Nuclear (AES) Facility allows a minimum return related to ConverDyn. The Company is the primary beneficiary as it has the power to direct activities that most significantly impact ConverDyn’s economic performance. The following summarizes the assets and liabilities of the ConverDyn JV included in the Company’s Consolidated Financial Statements (including noncontrolling interests):


	December 31, 2025		December 31, 2024
Current assets	$	179	$	80
Product loans receivable	300		264
Noncurrent assets	2		16
Total assets	$	481	$	360
Current liabilities1	182		110
Product loans payable	336		293
Noncurrent liabilities	33		33
Total liabilities	$	551	$	436

_________________

1.Includes related party payables of $69 million and $60 million as of December 31, 2025 and 2024, respectively. See Note 3 - Related Party Transactions for additional information.

Unconsolidated VIE

SinoChem JV

SinoChem is a JV between the Company and Sinochem Lantian New Materials Co., Ltd in China that manufactures and sells foam blowing agents for energy efficient foam insulation in Asia. The Company’s variable interest in this JV is primarily related to third-party borrowings of the JV which are guaranteed by the Company. This JV is accounted for as an equity method investment as the Company does not maintain a controlling interest. The Company's investment in this JV was $103 million and $91 million as of December 31, 2025 and 2024, respectively, classified as Equity method investments in the Consolidated Balance Sheets.

Stock-Based Compensation Plans

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation Plans

Prior to the Distribution, certain eligible employees received stock-based compensation awards under Honeywell’s incentive compensation plans. For all periods prior to the Distribution, the Consolidated Statements of Operations reflect an allocation of these expenses on a specific identification basis for employees who exclusively supported the Company or, when specific identification is not practicable, a proportional cost allocation method primarily based on revenue or directly identifiable actual costs, depending on the nature of the services.

In connection with the Distribution, nonvested awards granted under Honeywell’s incentive compensation plans to Solstice employees were converted into equivalent awards under the Company’s stock incentive plan. Incremental stock-based compensation expense recorded as a result of the share conversion was not significant.

In connection with the Spin-off, both the Board of Directors of the Company and the then-sole shareowner of the Company approved the adoption of the Solstice 2025 Stock Incentive Plan (“the 2025 Plan”). Under the 2025 Plan, the Company can grant RSUs, performance awards, and stock options to employees. As of December 31, 2025, the maximum number of shares that can be issued under the 2025 Plan is 11,195,260 shares.

A summary of the activity related to the Company’s stock options as of December 31, 2025, and changes during the year then ended is presented below.


	Stock Options
	Number of Units (in thousands)	Weighted- Average Exercise Price (per share)		Weighted- Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in thousands)
Outstanding at October 30, 20251	553	$	47.94
Granted	—	N/A
Exercised	—	N/A
Forfeited or expired	—	N/A
Outstanding at December 31, 2025	553	$	47.94	8.2 years	$	780

__________________

1.Effective date of conversion upon the Distribution.

As of December 31, 2025, no stock options were exercisable.

The fair value of the Company’s stock options was estimated on the date of modification using a binomial option pricing model that uses the weighted-average assumptions noted in the following table.


	Year Ended December 31, 2025
Expected volatility	27.7	%
Dividend yield	—	%
Expected term (in years)	4.9
Risk-free rate	3.6	%

The expected volatility was derived from a peer group’s volatility as the Company does not have sufficient historical volatility based on the expected term of the underlying options.

A summary of the status of the Company’s RSUs as of December 31, 2025, and changes during the year then ended, is presented below.


	Number of Units (in thousands)	Weighted-Average Grant-Date Fair Value
Nonvested at October 30, 20251	780	$	49.12
Granted	6	49.45
Vested	(2)	47.70
Forfeited	—	N/A
Nonvested at December 31, 2025	785	$	49.12

__________________

1.Effective date of conversion upon the Distribution. Includes 258 thousand RSUs granted on October 30, 2025 pursuant to the 2025 Plan at a grant-date fair value of $50.70.

Stock-based compensation cost, which is recognized in Selling, general, and administrative expenses in the Consolidated Statements of Operations, was $27 million, $17 million and $18 million for the years ended December 31, 2025, 2024 and 2023, respectively.

As of December 31, 2025, there was $31 million of total unrecognized compensation expense, which is expected to be recognized over a weighted-average period of 2.8 years.

Fair Value Measurements - Schedule of Fair Value of Financial Assets (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Assets
Fair Value	$ 300	$ 280
Liabilities
Fair Value	300	264
Fair Value, Inputs, Level 2
Assets
Product loan receivable	300	264
Foreign currency exchange contracts	0	16
Liabilities
Product loan payable	$ 300	$ 264

- Definition

Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-7A

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-10

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-12

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-22

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-21

Reference 12: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-20

Reference 13: http://www.xbrl.org/2003/role/exampleRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-15

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483444/210-20-55-10

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483466/210-20-50-3

Reference 16: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 103
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-103

Reference 17: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-12

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 23: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 55
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477439/946-210-55-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-1

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 32: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478795/946-210-50-6

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(3)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5C
-Subparagraph (SX 210.12-13C(Column H)(Footnote 7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5C

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(3)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5
-Subparagraph (SX 210.12-13(Column A)(Footnote 3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5C
-Subparagraph (SX 210.12-13C(Column H))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5C

Reference 38: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5A
-Subparagraph (SX 210.12-13A(Column E))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5A

Reference 39: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5B
-Subparagraph (SX 210.12-13B(Column E))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5B

Reference 40: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 320
-Name Accounting Standards Codification
-Section S99
-Paragraph 5B
-Subparagraph (SX 210.12-13B(Column E)(Footnote 4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477271/946-320-S99-5B

+ Details

Commitment and Contingencies - Narrative (Details)	12 Months Ended
Commitment and Contingencies - Narrative (Details)	Dec. 31, 2025 sites lawsuit case
Other Commitments [Line Items]
Environmental loss contingencies, number of sites \| sites	3
AES Facility
Other Commitments [Line Items]
Loss contingency, claims settled, number \| lawsuit	8
Personal Injury Case
Other Commitments [Line Items]
Loss contingency, pending claims, number \| case	1
Maximum
Other Commitments [Line Items]
Asset retirement obligations, risk free rate	6.60%
Minimum
Other Commitments [Line Items]
Asset retirement obligations, risk free rate	6.50%

Postretirement Benefit Plans - Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
U.S. Plan
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss (gain) arising the during period	$ 13
Amortization of prior actuarial (gains) losses	0
Total recognized in other comprehensive loss (income)	13
Net recognized in net periodic pension expense (benefit) and other comprehensive loss	12
Non-US Plans
Defined Benefit Plan Disclosure [Line Items]
Net actuarial loss (gain) arising the during period	(3)	$ 6	$ 3
Total recognized in other comprehensive loss (income)	(3)	6	3
Net recognized in net periodic pension expense (benefit) and other comprehensive loss	$ (2)	$ 8	$ 5

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

- Definition

Amount, before tax, after reclassification adjustment, of (increase) decrease in accumulated other comprehensive income for defined benefit plan.

+ References + Details

Stockholders’ Equity - Schedule of Common Stock Outstanding (Details)	12 Months Ended
	Dec. 31, 2025 shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Outstanding, beginning balance (in shares)	0
Common stock issued (in shares)	158,700,000
Common stock acquired (in shares)	0
Outstanding, ending balance (in shares)	158,747,196

Leases - Schedule of Maturities of Lease Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Operating Leases
2026	$ 24
2027	21
2028	15
2029	12
2030	12
Thereafter	31
Total lease payments	114
Less: Interest	(27)
Operating lease liabilities	87	$ 88
Finance Leases
2026	19
2027	19
2028	19
2029	14
2030	7
Thereafter	69
Total lease payments	145
Less: Interest	(28)
Total maturities of lease liabilities	$ 118	$ 59

Fair Value Measurements - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative, notional amount	$ 0	$ 741
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Outstanding debt of carrying value	$ 2,000

- Definition

Fair value portion of debt instrument payable, including, but not limited to, notes payable and loans payable.

+ References

+ Details

CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Millions

Total

Common Stock

^[1]

Additional Paid-in Capital

Net Parent Investment

Accumulated Other Comprehensive Loss

Retained Earnings

Noncontrolling Interest

Beginning balance at Dec. 31, 2022

$ 2,718

$ 0

$ 2,973

$ (171)

$ 0

$ (84)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net income

619

621

(2)

Foreign exchange translation adjustment

Pension and other postretirement benefit adjustments

(2)

Changes in fair value of cash flow hedges

Net transfers to Parent

(322)

(325)

Ending balance at Dec. 31, 2023

3,028

3,269

(158)

(83)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net income

605

594

Foreign exchange translation adjustment

(62)

Pension and other postretirement benefit adjustments

(4)

Changes in fair value of cash flow hedges

Net transfers to Parent

(396)

(392)

(4)

Ending balance at Dec. 31, 2024

3,182

3,471

(213)

(76)

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Net income

285

Net income

285

196

Foreign exchange translation adjustment

Pension and other postretirement benefit adjustments

(3)

Changes in fair value of cash flow hedges

(8)

Net transfers to Parent

(681)

(676)

(6)

Net Parent Investment, Distribution In Conjunction With Spinoff

(1,500)

Issuance of common stock in connection with the Separation and reclassification of net investment from Honeywell

1,490

(1,492)

Common stock issued under employee incentive plans, net of tax withholdings

Ending balance at Dec. 31, 2025

$ 1,377

$ 2

$ 1,495

$ 0

$ (127)

$ 41

$ (34)

[1]	See Note 17 - Stockholders’ Equity of the Notes to the Consolidated Financial Statements for a rollforward of common stock.

Income Taxes

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Income Taxes

The Company’s income tax provision for the first three quarters of 2025 and the years ended December 31, 2024 and 2023 were prepared using a separate return method. The separate return method applies the accounting guidance for income taxes to the standalone financial statements as if the Company was a separate taxpayer and a standalone entity. The Company believes the assumptions supporting the allocation and presentation of income taxes on a separate return basis are reasonable.

For all periods prior to the Spin-off, the Company was part of Honeywell’s consolidated U.S. federal income tax return, as well as separate and combined Honeywell’s income tax returns in numerous state and international jurisdictions. The Company’s current tax liabilities computed under the separate return method are considered to be effectively settled in the Consolidated Financial Statements at the time the transaction is recorded, with the offset recorded against Net investment from Honeywell.

Income Before Taxes

The sources of income from continuing operations before income taxes are as follows:


	Years Ended December 31,
	2025		2024		2023
U.S.	$	348	$	553	$	569
Non-U.S.	299		244		245
Total	$	647	$	797	$	814

Tax Expense

Tax expense consists of the following:


	Years Ended December 31,
	2025		2024		2023
Current:
U.S. Federal	$	83	$	97	$	131
U.S. State	24		36		40
Non-U.S.	281		65		60
Total current tax expense	388		198		231
Deferred:
U.S. Federal	(27)		(3)		(31)
U.S. State	(1)		(2)		(6)
Non-U.S.	2		(1)		1
Total deferred tax (benefit) expense	(26)		(6)		(36)
Total Tax expense	$	362	$	192	$	195

Following the Company’s adoption of ASU 2023-09, the U.S. federal statutory income tax rate is reconciled to the effective income tax rate for 2025 as follows:


	Year Ended December 31, 2025
	$		%
US Federal Statutory Tax Rate	$	136	21.0	%
State and local income taxes, net of Federal income tax effects1	17		2.6	%
Foreign tax effects
China
Discrete tax adjustments - restructuring in advance of the Spin-off	180		27.8	%
Withholding taxes on unremitted earnings	(15)		(2.3)	%
Other	2		0.3	%
United Arab Emirates
Valuation Allowance	10		1.5	%
Other	1		0.2	%
Japan
Withholding taxes on unremitted earnings	13		2.0	%
Other	7		1.1	%
Taiwan
Withholding taxes on unremitted earnings	9		1.4	%
Other	5		0.8	%
Other foreign jurisdictions	11		1.7	%
Effect of cross-border tax laws
Global intangible low-taxed income	2		0.3	%
Foreign-derived intangible income benefit	(6)		(0.9)	%
Tax credits
U.S. research and development tax credit	(10)		(1.5)	%
Nontaxable or nondeductible items
Transaction costs	10		1.5	%
Other	(2)		(0.3)	%
Changes in unrecognized tax benefits	2		0.3	%
Other adjustments
Non-controlling interest and partnership	(11)		(1.7)	%
Other	1		0.2	%
Effective tax rate	$	362	56.0	%

__________________

1.State taxes in Illinois, Virginia, and Pennsylvania make up the majority (greater than 50%) of the tax effect in this category.

The effective tax rate in 2025 was higher than the U.S. federal statutory rate of 21% and increased during 2025 compared to 2024 as a result of discrete tax adjustments related to restructuring in advance of the Spin-off from Honeywell.

The U.S. federal statutory income tax rate is reconciled to the effective income tax rate for prior years as follows:


	Years Ended December 31,
	2024		2023
U.S. federal statutory income tax rate	21.0	%	21.0	%
Taxes on non-U.S. earnings1	2.9		2.3
Foreign-derived intangible income benefit	(1.4)		(1.8)
U.S. state income taxes	3.3		3.2
Research and development credits	(1.1)		(1.1)
Other	(0.6)		0.4
Effective income tax rate	24.1	%	24.0	%

__________________

1.Includes U.S. taxes on non-U.S. earnings, net of foreign tax credits.

Deferred Tax Assets (Liabilities)

The tax effects of temporary differences and tax carryforwards which give rise to future income tax benefits and payables are as follows:


	December 31,
	2025		2024
Deferred tax assets
Pension	$	7	$	7
Other accruals and reserves	27		29
Environmental reserves	12		14
Lease liabilities	59		38
Capitalized research & development	—		48
Other	17		11
Gross deferred tax assets	122		147
Valuation allowance	(10)		—
Total deferred tax assets	112		147
Deferred tax liabilities
Pension	(9)		—
Right-of-use assets	(68)		(47)
Outside basis difference	(2)		(9)
Intangible assets	(15)		(26)
Unremitted earnings of foreign subsidiaries	(56)		(44)
Property, plant and equipment	(189)		(197)
Total deferred tax liabilities	(339)		(323)
Net deferred tax liability	$	(227)	$	(176)

Deferred tax assets as of December 31, 2025 were reduced by a valuation allowance provided for certain non-U.S. deferred tax assets. The change in the valuation allowance resulted in an increase of $10 million to income tax expense in 2025. If the Company determines that the likelihood of realization of existing deferred tax assets changes, a corresponding increase or decrease to the valuation allowance will be recognized as an increase or reduction to income tax expense in the period that determination is made.

The Company recorded a $56 million and $44 million deferred tax liability on all unremitted foreign earnings as of December 31, 2025 and 2024, respectively.

Cash Paid for Income Taxes

The following table reconciles cash paid for income taxes for the year ended December 31, 2025:


Federal	$	—
State	—
Non-U.S.
China	22
Japan	18
Ireland	5
Other foreign	5
Total Cash Paid for Income Taxes	50

Unrecognized Tax Benefits


	December 31,
	2025		2024		2023
Change in unrecognized tax benefits
Balance at beginning of year	$	8	$	8	$	8
Gross increases related to current period tax positions	1		1		1
Gross increases related to prior period tax positions	2		—		—
Settlements	(1)		—		—
Foreign currency translation	1		—		—
Settled with Parent through Net Parent investment	(3)		(1)		(1)
Balance at end of year	$	8	$	8	$	8

As of December 31, 2025, 2024 and 2023, there were $8 million, $8 million and $8 million, respectively, of unrecognized tax benefits that if recognized would affect the effective tax rate.

Prior to the Spin-Off, the Company was part of Honeywell’s consolidated U.S. federal income tax return, as well as separate and combined Honeywell income tax returns in numerous state and foreign jurisdictions. In connection with the Spin-off, we entered into a Tax Matters Agreement with Honeywell allocating responsibility and providing for the payment of tax liabilities and entitlement to refunds, cooperation in the filing of tax returns, and providing for certain other matters relating to taxes, including indemnities, and preservation of the intended tax treatment. Honeywell is under examination by numerous tax authorities in various jurisdictions globally.

The following table summarizes tax years that remain subject to examination by major tax jurisdictions as of December 31, 2025:


	Open Tax Years
Jurisdiction	Examination in progress	Examination not yet initiated
China	2013-2024	2025
Germany	2017-2020	2021-2025

Based on the outcome of these examinations, or as a result of the expiration of statute of limitations for specific jurisdictions, it is reasonably possible that certain unrecognized tax benefits for tax positions taken on previously filed tax returns will materially change from those recorded as liabilities in the Company's financial statements.

Estimated interest and penalties related to the underpayment of income taxes are classified as a component of Income tax expense in the Consolidated Statements of Operations and totaled less than $1 million for the years ended December 31, 2025, 2024 and 2023, respectively. Accrued interest and penalties were $0 million, $1 million, and $1 million as of December 31, 2025, 2024 and 2023, respectively.

The Company’s unrecognized tax positions are recorded within Other noncurrent liabilities in the Consolidated Balance Sheets.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477617/942-740-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478822/944-740-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2025

Accounting Policies [Abstract]

Supplier Finance Program

The following table summarizes the Company's outstanding obligations confirmed as valid related to the SCF programs for the years ended December 31, 2025, and 2024:


	Years Ended December 31,
	2025		2024
Confirmed obligations outstanding at the beginning of the year	$	96	$	72
Invoices confirmed during the year	270		198
Less: Confirmed invoices paid during the year	268		174
Confirmed obligations outstanding at the end of the year	$	98	$	96

Property, Plant and Equipment – Net - Narratives (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Capital expenditures incurred but not yet paid	$ 111	$ 39	$ 54
Depreciation	$ 191	$ 175	$ 170

Income Taxes - Tax Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Current:
U.S. Federal	$ 83	$ 97	$ 131
U.S. State	24	36	40
Non-U.S.	281	65	60
Total current tax expense	388	198	231
Deferred:
U.S. Federal	(27)	(3)	(31)
U.S. State	(1)	(2)	(6)
Non-U.S.	2	(1)	1
Total deferred tax (benefit) expense	(26)	(6)	(36)
Income tax expense	$ 362	$ 192	$ 195

Property, Plant and Equipment – Net

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment – Net

Property, plant and equipment - net are comprised of the following:


	December 31,
	2025		2024
Land and improvements	$	27	$	24
Machinery and equipment	3,450		3,218
Buildings and improvements	732		623
Construction in progress	430		285
Total Property, plant and equipment	4,639		4,150
Less – Accumulated depreciation	(2,583)		(2,404)
Total Property, plant and equipment – net	$	2,055	$	1,746

The unpaid property, plant and equipment balance included in accounts payable and accrued expenses was $111 million and $39 million at December 31, 2025 and 2024, respectively. The Company recorded depreciation expense for property, plant, and equipment, of $191 million, $175 million and $170 million for the years ended December 31, 2025, 2024 and 2023, respectively.

Subsequent Events (Details)	Feb. 11, 2026 $ / shares
Subsequent Event
Subsequent Event [Line Items]
Common stock, dividends,cash paid (in usd per share)	$ 0.075

Postretirement Benefit Plans - Schedule of Significant Actuarial Assumptions (Details)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
U.S. Plan
Actuarial assumptions used to determine benefit obligations
Discount rate	5.30%
Salary scale	0.00%
Actuarial assumptions used to determine net periodic benefit income
Discount rate - benefit obligation	5.20%
Discount rate - service cost	5.10%
Discount rate - interest cost	4.60%
Expected rate of return on plan assets	7.30%
Salary scale	0.00%
Non-US Plans
Actuarial assumptions used to determine benefit obligations
Discount rate	4.10%	3.40%	3.30%
Salary scale	2.60%	2.80%	2.80%
Actuarial assumptions used to determine net periodic benefit income
Discount rate - benefit obligation	4.10%	3.30%	3.30%
Discount rate - service cost	0.00%	0.00%	0.00%
Discount rate - interest cost	0.00%	0.00%	0.00%
Expected rate of return on plan assets	0.00%	0.00%	0.00%
Salary scale	2.60%	2.80%	2.80%

Other Noncurrent Assets (Tables)

12 Months Ended

Dec. 31, 2025

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Other Assets


	December 31,
	2025		2024
Right-of-use assets	89		90
Prepaid pension cost	45		—
Long-life catalysts – net	26		25
Capitalized software – net	22		6
Deferred debt issuance costs	6		—
Long-term accounts receivable	2		15
Deferred maintenance – net	—		7
Other	2		—
Total Other noncurrent assets	$	192	$	142

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2025
Audit Information [Abstract]
Auditor Firm ID	34
Auditor Name	DELOITTE & TOUCHE LLP
Auditor Location	Morristown, New Jersey

Leases

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Leases

The Company’s operating lease portfolio includes corporate offices, Research and development facilities, manufacturing sites, IT equipment, rail cars, automobiles and certain other equipment. The majority of the Company’s leases have remaining lease terms of one year to 10 years. The Company’s finance leases relate to supplier arrangements where certain facilities are used exclusively to fulfill the Company’s long-term supplies.


	December 31,
	2025		2024		2023
Operating lease cost	$	32	$	36	$	24
Short-term lease cost	—		—		2
Finance lease cost:
Depreciation of right-of-use assets	23		18		20
Interest on lease liability	4		10		17
Total finance lease cost	$	27	$	28	$	37
Total lease cost	$	59	$	64	$	63

Supplemental cash flow information related to leases was as follows:


	December 31,
	2025		2024		2023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	31	$	34	$	23
Operating cash flows for finance leases	4		10		17
Financing cash flows for finance leases	13		39		33
Right-of-use assets obtained in exchange for lease obligations
Operating leases	26		20		47
Finance leases	82		—		1

Supplemental consolidated balance sheet information related to leases was as follows:


	December 31,
	2025			2024
Operating leases:
Other noncurrent assets	$	89		$	90

Accrued and other current liabilities	$	18		$	24
Other noncurrent liabilities	69			64
Total operating lease liabilities	$	87		$	88
Finance leases:
Property, plant and equipment	$	275		$	196
Accumulated depreciation	(124)			(102)
Property, plant and equipment – net	$	151		$	94
Finance lease liabilities, current	$	14		$	22
Finance lease liabilities, noncurrent	104			37
Total finance lease liabilities	$	118		$	59
Weighted-average remaining lease term (in years):
Operating leases	7			6
Finance leases	11			4
Weighted-average discount rate:
Operating leases	2.7		%	3.0		%
Finance leases	4.4		%	8.4		%

As of December 31, 2025, maturities of lease liabilities were as follows:


	Operating Leases		Finance Leases
2026	$	24	$	19
2027	21		19
2028	15		19
2029	12		14
2030	12		7
Thereafter	31		69
Total lease payments	114		145
Less: Interest	(27)		(28)
Total maturities of lease liabilities	$	87	$	118

Leases


	December 31,
	2025		2024		2023
Operating lease cost	$	32	$	36	$	24
Short-term lease cost	—		—		2
Finance lease cost:
Depreciation of right-of-use assets	23		18		20
Interest on lease liability	4		10		17
Total finance lease cost	$	27	$	28	$	37
Total lease cost	$	59	$	64	$	63

Supplemental cash flow information related to leases was as follows:


	December 31,
	2025		2024		2023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$	31	$	34	$	23
Operating cash flows for finance leases	4		10		17
Financing cash flows for finance leases	13		39		33
Right-of-use assets obtained in exchange for lease obligations
Operating leases	26		20		47
Finance leases	82		—		1

Supplemental consolidated balance sheet information related to leases was as follows:


	December 31,
	2025			2024
Operating leases:
Other noncurrent assets	$	89		$	90

Accrued and other current liabilities	$	18		$	24
Other noncurrent liabilities	69			64
Total operating lease liabilities	$	87		$	88
Finance leases:
Property, plant and equipment	$	275		$	196
Accumulated depreciation	(124)			(102)
Property, plant and equipment – net	$	151		$	94
Finance lease liabilities, current	$	14		$	22
Finance lease liabilities, noncurrent	104			37
Total finance lease liabilities	$	118		$	59
Weighted-average remaining lease term (in years):
Operating leases	7			6
Finance leases	11			4
Weighted-average discount rate:
Operating leases	2.7		%	3.0		%
Finance leases	4.4		%	8.4		%

As of December 31, 2025, maturities of lease liabilities were as follows:


	Operating Leases		Finance Leases
2026	$	24	$	19
2027	21		19
2028	15		19
2029	12		14
2030	12		7
Thereafter	31		69
Total lease payments	114		145
Less: Interest	(27)		(28)
Total maturities of lease liabilities	$	87	$	118

Earnings Per Share

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

Earnings Per Share

The following table sets forth the reconciliations of the numerators and denominators of the Company’s basic and diluted EPS calculations for the years ended December 31, 2025, 2024, and 2023.


(Amounts in millions, except per share amounts)	Years Ended December 31,
	2025		2024		2023
Numerator:
Net income	$	285	$	605	$	619
Less: Net income (loss) attributable to noncontrolling interest	48		11		(2)
Net income attributable to Solstice Advanced Materials Inc. common stockholders	$	237	$	594	$	621

Denominator:
Weighted average number of common shares outstanding - basic	158.7		158.7		158.7
Dilutive effect of stock-based compensation plans	0.2		—		—
Weighted average number of common shares outstanding - diluted	158.9		158.7		158.7

Basic earnings per share	$	1.49	$	3.74	$	3.91
Diluted earnings per share	$	1.49	$	3.74	$	3.91

The potential shares of common stock that were excluded from diluted EPS were 0.8 million at December 31, 2025 because the effect of including those potential shares was anti-dilutive.

Leases - Schedule of Measurement of Lease Liabilities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$ 31	$ 34	$ 23
Operating cash flows for finance leases	4	10	17
Financing cash flows for finance leases	13	39	33
Right-of-use assets obtained in exchange for lease obligations
Operating leases	26	20	47
Finance leases	$ 82	$ 0	$ 1

Accrued and Other Current Liabilities - Schedule of Accrued and Other Current Liabilities (Details) - USD ($)
$ in Millions

Dec. 31, 2025

Dec. 31, 2024

Payables and Accruals [Abstract]

Taxes payable

$ 122

$ 44

Customer rebates reserve

ConverDyn JV partner payable

Compensation, benefit and other employee related

Accrued interest on long-term debt

Operating lease liability

Separation-related accrual

Environmental reserves

Customer advances

Other

Total Accrued and other current liabilities

^[1]

$ 467

$ 283

[1]	Accrued and other current liabilities include related party payables of $69 million and $60 million as of December 31, 2025 and 2024, respectively.

Goodwill and Other Intangible Assets - Net - Schedule of Estimated Intangible Asset Amortization Expense (Details) $ in Millions	Dec. 31, 2025 USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2026	$ 3
2027	3
2028	3
2029	3
2030	3
Thereafter	$ 8

Revenue Recognition and Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2025

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

See the following disaggregated revenue table and related discussions by reportable business segment for details:


	Years Ended December 31,
	2025		2024		2023
Refrigerants & Applied Solutions
Refrigerants	$	1,511	$	1,302	$	1,372
Building Solutions and Intermediates	719		738		718
Nuclear (AES)	356		446		308
Healthcare Packaging	204		235		231
Net Refrigerants & Applied Solutions	2,789		2,721		2,629
Electronic & Specialty Materials
Research and Performance Chemicals	500		482		464
Electronic Materials	409		381		407
Safety and Defense Solutions	187		186		149
Net Electronic & Specialty Materials	1,097		1,049		1,020
Net sales	$	3,886	$	3,770	$	3,649

Contract with Customer, Contract Asset, Contract Liability, and Receivable

Contract balances are classified as assets or liabilities on a contract-by-contract basis at the end of each reporting period. The following table summarizes the Company’s contract assets and liabilities balances:


	December 31,
	2025		2024
Contract assets - January 1	51		$	26
Change in Contract assets - (decrease) increase	(12)		25
Contract assets - December 31	39		51

Contract liabilities - January 1	(39)		(59)
Change in Contract liabilities - (increase) decrease	(2)		20
Contract liabilities - December 31	(41)		(39)

Net change	$	(14)	$	45

Goodwill and Other Intangible Assets - Net - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of intangible assets	$ 4	$ 3	$ 3

- Definition

The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 28
-Subparagraph (b)
-SubTopic 10
-Topic 230
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482740/230-10-45-28

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 18
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-18

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-11

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-24

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476148/220-40-50-12

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 40
-SubTopic 30
-Topic 350
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482640/350-30-55-40

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482686/350-30-45-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476148/220-40-50-6

+ Details

Income Taxes - Income Before Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
U.S.	$ 348	$ 553	$ 569
Non-U.S.	299	244	245
Income before taxes	$ 647	$ 797	$ 814

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-4

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-21

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-14

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478671/942-235-S50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 12: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(11))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 14: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 15: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 16: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

+ Details

Income Taxes - Cash Paid for Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax Paid, by Individual Jurisdiction [Line Items]
Federal	$ 0
State	0
Income taxes paid, net of refunds	50	$ 22	$ 24
China
Income Tax Paid, by Individual Jurisdiction [Line Items]
Non-U.S.	22
Japan
Income Tax Paid, by Individual Jurisdiction [Line Items]
Non-U.S.	18
IRELAND
Income Tax Paid, by Individual Jurisdiction [Line Items]
Non-U.S.	5
Other foreign jurisdictions
Income Tax Paid, by Individual Jurisdiction [Line Items]
Non-U.S.	$ 5

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Dec. 31, 2025
Accounting Policies [Abstract]
Basis of Presentation	We prepare our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (“GAAP”) pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Prior to October 30, 2025 (“the Spin-off date”), the accompanying combined financial statements as of December 31, 2024 and for the years ended December 31, 2024 and 2023 and the consolidated financial statements as of and for the year ended December 31, 2025 (the “financial statements”) of the Company were derived from the consolidated financial statements and accounting records of Honeywell and presented on a standalone basis as if the Company’s operations had been conducted independently from Honeywell. The accompanying financial statements for periods prior to the Spin-off date include all revenues and costs directly attributable to the Solstice Advanced Materials business and an allocation of expenses related to certain Honeywell corporate functions. These expenses were allocated to the Solstice business based on a proportion of net sales. Solstice and Honeywell considered these allocations to be a reasonable reflection of the utilization of services or the benefits received. However, the allocations may not be indicative of the actual expense that would have been incurred had Solstice operated as an independent, standalone entity, nor are they indicative of future expenses of Solstice. All significant intercompany balances between Solstice and Honeywell prior to the Spin-off were included within Net Parent investment on the accompanying financial statements. Honeywell used a centralized approach to cash management and financing of its operations. Accordingly, for periods prior to the Spin-off, a substantial portion of the Business’ cash accounts were regularly cleared to the former Parent at Honeywell’s discretion and Honeywell funded the Business’s operating and investing activities as needed. Transfers of cash between Honeywell and the Business were included within Net transfers to Parent on the statements of cash flows and the statements of equity through the pre-Spin-off periods. Honeywell’s long-term debt and related interest expense were not attributed to Solstice for any of the periods presented as the Business was not the legal obligor of such borrowings and Honeywell’s borrowings were not directly attributable to the Business. After the Spin-off date, the Company’s financial statements from the Spin-off date through December 31, 2025, were consolidated financial statements based on our reported results as a standalone company. All significant transactions between Solstice entities were eliminated. The accompanying financial statements for all periods presented, including the historical results of the Company prior to the Spin-off, are now referred to as “Consolidated Financial Statements.” Within the financial statements and tables presented, certain columns and rows may not add due to the use of rounded numbers for presentation and disclosure purposes. Percentages presented are calculated from the underlying whole-dollar amounts. Certain items have been recast to conform to current-period presentation.
Principles of Consolidation	Principles of Consolidation The Consolidated Financial Statements include the accounts of Solstice Advanced Materials, as well as entities in which a controlling interest is maintained. For those entities in which the Company controls and its ownership is less than 100%, the other shareowners’ interests are shown as Noncontrolling interest on the Consolidated Balance Sheets. Investments in companies in which the Company, directly or indirectly, owns a 20% to 50% interest, or has the ability to exercise significant influence over the operating and financial policies of the investee, are accounted for using the equity method of accounting. As a result, Solstice Advanced Materials’ share of the earnings or losses of such equity affiliates is included within Other expense (income) in the Consolidated Statements of Operations, and the Company’s investment is reflected within Other noncurrent assets in the Consolidated Balance Sheets. Refer to Note 19 – Investments for further details. The Company assesses the requirements related to variable interest entities (“VIE”), including a qualitative assessment that considers which entity has the power to direct the activities that most significantly impact the VIEs economic performance, and has the right to receive any benefits or the obligation to absorb any losses of the VIE. The Company consolidates all VIEs where the Company is the primary beneficiary. Refer to Note 19 – Investments for further details.
Accounting Standards Implemented and Recent Accounting Pronouncements	Accounting Standards Implemented In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Taxes Disclosures, effective for annual periods beginning after December 31, 2024. The new standard requires additional information to be disclosed with respect to the income tax rate reconciliation and income taxes paid disaggregated by jurisdiction. The Company adopted this guidance for the year ended December 31, 2025, and applied it on a prospective basis. Refer to Note 5 – Income Taxes. Recent Accounting Pronouncements The Company considers the applicability and impact of all Accounting Standards Updates (“ASU”) issued by the Financial Accounting Standards Board (“FASB”). ASUs not listed below were assessed and determined to be either not applicable or are expected to have a minimal impact on the Company’s Consolidated Statements of Operations, Consolidated Balance Sheets and Consolidated Statements of Cash Flows. In December 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements, which improves the navigability of required interim disclosures, clarifies when that guidance is applicable, and introduces a new principle requiring companies to disclose events since the end of the last annual reporting period that have a material impact on the company. The ASU can be applied prospectively or retrospectively for annual reporting periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impacts of this guidance on the Company’s Consolidated Financial Statements. In September 2025, the FASB issued ASU 2025-07, Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606): Derivatives Scope Refinements and Scope Clarification for Share-Based Noncash Consideration from a Customer in a Revenue Contract, which excludes certain contracts from the scope of derivative accounting and clarifies the guidance on noncash consideration from a customer for the transfer of goods or services. The ASU can be applied prospectively for annual reporting periods beginning after December 15, 2026, with modified retrospective application and early adoption permitted. The Company is currently evaluating the impacts of this guidance on the Company’s Consolidated Financial Statements. In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which amends the accounting for costs related to internal-use software. The update removes all references to project stages and clarifies the two conditions needed to be met to begin capitalizing costs under ASC 350-40. The ASU can be applied prospectively, retrospectively, or via a modified prospective transition approach for annual reporting periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impacts of this guidance on the Company’s Consolidated Financial Statements. In November 2024, the FASB issued ASU 2024-03, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires companies to disclose additional information about the types of expenses in commonly presented expense captions. The new standard requires tabular disclosure of specified natural expenses in certain expense captions, a qualitative description of amounts that are not separately disaggregated, and disclosure of the Company's definition and total amount of selling expenses. The ASU should be applied prospectively for annual reporting periods beginning after December 15, 2026, with retrospective application and early adoption permitted. The Company is currently evaluating the impacts of this guidance on the Company’s Consolidated Financial Statements.
Use of Estimates	Use of Estimates The Company prepares its Consolidated Financial Statements in conformity with GAAP. In doing so, the Company is required to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying notes. The Company bases these estimates on historical experience and on various other assumptions that the Company believes are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The Company’s actual results may differ materially from these estimates. Significant estimates inherent in the preparation of these Consolidated Financial Statements include, but are not limited to, accounting for allocation of expenses related to certain Honeywell corporate functions, evaluation of goodwill and other intangible assets for impairment, environmental liabilities, asset retirement obligations (“ARO”), pension liabilities and expenses and income taxes.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash on hand, money market funds, and highly liquid investments having an original maturity of 90 days or less. Prior to the Spin-off, the Company participated in Honeywell’s centralized cash management and financing programs. The Company’s participation in these programs ended at the time of the Spin-off.
Accounts Receivable and Allowance for Current Expected Credit Losses	Accounts Receivable and Allowance for Current Expected Credit Losses The Company classifies the right to consideration in exchange for products or services transferred to a client as Accounts Receivable. Receivables are recorded concurrent with billing upon delivery of goods or services to customers. An allowance for uncollectible receivables and contract assets, if needed, is estimated based on current and future expected economic conditions and past experiences of losses, as well as an assessment specific customer circumstances and of potential recoverability of the balance due. Receivable losses are charged against the allowance in the period in which the receivable is deemed uncollectible. Subsequent recoveries, if any, are credited to the allowance. Write-offs of receivables and associated reserves occur to the extent that there is no reasonable expectation of additional collections or repossession.
Inventories	Inventories Inventories are stated at the lower of cost or net realizable value, with cost determined on a first-in, first-out basis. Carrying value adjustments for inventory obsolescence are equal to the difference between cost and net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment are recorded at cost, less accumulated depreciation. For financial reporting, the straight-line method of depreciation is used over the estimated useful lives of 10 to 50 years for buildings and improvements and 3 to 16 years for machinery and equipment. Recognition of the fair value of obligations associated with the retirement of tangible long-lived assets is required when there is a legal obligation to incur such costs. Upon initial recognition or reassessment of a liability, the cost is capitalized as part of the related long-lived asset and depreciated over the corresponding asset’s useful life.
Repair and Maintenance	Repair and Maintenance Repair and maintenance costs, other than planned major maintenance costs, are expensed as incurred and included within Cost of products and services sold.
Planned Major Maintenance Activities	The Company accounts for planned major maintenance activities in accordance with ASC 360, Property, Plant, and Equipment, and has selected the deferral method to account for its planned major maintenance activities. Under the deferral method, major maintenance costs are capitalized and amortized over a period of one to five years on a straight-line basis, which is generally the time of the next scheduled major maintenance. Major maintenance costs are capitalized as part of Other current assets in the Consolidated Balance Sheets when incurred.
Goodwill	Goodwill and Indefinite-Lived Intangible Assets The Company recognizes goodwill and indefinite-lived intangible asset balances in conjunction with business combinations, with amounts being recorded at their respective fair values upon the closing of a transaction. Subsequent to the closing of a business combination, the Company evaluates and books adjustments, as applicable, to the preliminary amounts recorded over the relevant measurement period, which is not to exceed one year from the acquisition date. Goodwill and indefinite-lived intangible assets are subject to impairment testing annually as of October 1, or if a triggering event occurs or changes in circumstances indicate that the carrying amount may not be fully recoverable. This testing compares carrying values to fair values and, when appropriate, the carrying value of these assets is reduced to fair value. The Company completed its annual goodwill and indefinite-lived intangible assets impairment tests for the years ended December 31, 2025, 2024, and 2023 and determined that there was no impairment as of each of those dates.
Indefinite-Lived Intangible Assets	Goodwill and Indefinite-Lived Intangible Assets The Company recognizes goodwill and indefinite-lived intangible asset balances in conjunction with business combinations, with amounts being recorded at their respective fair values upon the closing of a transaction. Subsequent to the closing of a business combination, the Company evaluates and books adjustments, as applicable, to the preliminary amounts recorded over the relevant measurement period, which is not to exceed one year from the acquisition date. Goodwill and indefinite-lived intangible assets are subject to impairment testing annually as of October 1, or if a triggering event occurs or changes in circumstances indicate that the carrying amount may not be fully recoverable. This testing compares carrying values to fair values and, when appropriate, the carrying value of these assets is reduced to fair value. The Company completed its annual goodwill and indefinite-lived intangible assets impairment tests for the years ended December 31, 2025, 2024, and 2023 and determined that there was no impairment as of each of those dates.
Definite-Lived Intangible Assets	Definite-Lived Intangible Assets The Company recognizes definite-lived intangible asset balances in conjunction with acquisitions and business combinations, with amounts being recorded at their respective fair values upon the closing of a transaction. Subsequent to the closing of a business combination, the Company evaluates and books adjustments, as applicable, to the preliminary amounts recorded over the relevant measurement period, which is not to exceed one year from the acquisition date. Other intangible assets with definite lives consist of customer lists, technology and patents, and other intangibles and are amortized over their estimated useful lives, ranging from 2 to 20 years.
Product Loans	Product Loans The Company enters into both lending and borrowing arrangements for quantities of uranium ore as part of its ongoing operations. During 2024, the Company entered into separate agreements to lend quantities of uranium ore, which are reflected as product loans receivable, and to borrow quantities of uranium ore, which are reflected as product loans payable. These agreements settle on December 31, 2026. As both the loans receivable and loans payable may be settled in cash, they are both separately measured at fair value on a quarterly basis.
Foreign Currency Translation	Foreign Currency Translation Assets and liabilities of operations outside of the United States (“U.S.”) with a functional currency other than the U.S. dollar are translated into U.S. dollars using year-end exchange rates. Sales, costs, and expenses are translated at the average exchange rates in effect during the year. Foreign currency translation gains and losses are included as a component of Accumulated other comprehensive loss.
Leases	Leases The Company recognizes right-of-use (“ROU”) assets and associated lease liabilities in the Consolidated Balance Sheet for leases with a term of more than twelve months when a majority percentage of utilization was attributed to the Company. The ROU asset equals the lease liability adjusted for any initial direct costs, prepaid rent and lease incentives. Operating lease assets are included in Other non-current assets in the Consolidated Balance Sheets. The current portion of operating lease liabilities is included in Accrued and other current liabilities, and the noncurrent portion of operating lease liabilities is included in Other noncurrent liabilities in the Consolidated Balance Sheets. Finance lease assets are included in Property, plant, and equipment in the Consolidated Balance Sheets. Finance lease liabilities (current and noncurrent) are separately presented on the Consolidated Balance Sheets. The Company primarily uses its incremental borrowing rate in determining the present value of the lease payments. In determining the borrowing rate, the Company considers the lease term, secured incremental borrowing rate, and for leases denominated in a currency different than the U.S. dollar, the collateralized borrowing rate in the foreign currencies. The lease term includes options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease payments may be fixed or variable; however, only fixed payments or in-substance fixed payments are included in determining the lease liability. Variable lease payments are recognized in operating expenses in the period in which the obligation for those payments is incurred. Lease expense is recognized on a straight-line basis over the lease term. For all finance leases, the Company has elected the lessee’s practical expedient to combine lease and non-lease components and account for the combined unit as a single lease component.
Defined Benefit Plans	Defined Benefit Plans The Company sponsors both unfunded and funded defined benefit pension arrangements. Non-U.S. unfunded defined benefit plans. Certain employees of the Company participate in unfunded defined benefit plans administered and sponsored by Solstice Advanced Materials. These plans cover non-U.S. employees and retirees in certain jurisdictions, principally in Germany. The related liabilities of these plans are included in Accrued and other current liabilities and Other noncurrent liabilities in the Consolidated Balance Sheets, refer to Note 18 – Postretirement Benefit Plans. The Company records the service cost component in Cost of products and services sold in the Consolidated Statements of Operations. U.S. funded defined benefit plans Prior to the Spin-off, certain of the Company’s U.S. employees participated in defined benefit plans which were sponsored by Honeywell. During this period, the Company did not record assets or liabilities to recognize the funded status of these plans because Solstice was not the legal sponsor of these plans. The accompanying Consolidated Statements of Operations for the periods prior to the Spin-off reflected the cost for such plans as if they were multi-employer plans. Costs were allocated to the Company on a pro rata basis of net sales, utilizing the Business’ proportion of total Honeywell net sales in each respective year. In conjunction with the Spin-off, the benefit obligations for these employees, and a proportionate share of the related Honeywell plans’ assets, were transferred to a newly formed U.S. defined benefit pension plan sponsored by the Company. As a result, the funded status of this plan is recognized in the Consolidated Balance Sheet at December 31, 2025. The funded status is measured as the difference between the fair value of plan assets and the projected benefit obligation at the balance sheet date. The projected benefit obligation (PBO) represents the actuarial present value of benefits expected to be paid upon retirement based on employee services already rendered and estimated future compensation levels. For all defined benefit arrangements, net periodic pension cost is recorded in the Consolidated Statements of Operations and includes service cost, interest cost, expected return on plan assets, amortization of prior service costs/(credits) and actuarial (gains)/losses previously recognized as a component of other comprehensive income/(loss) (“OCI”). The service cost component of net benefit cost is recorded in “Selling, general & administrative expenses” in the Consolidated Statements of Operations based on the employees’ respective functions. The other components of net benefit cost are presented separately from service cost within “Other expense (income)” in the Consolidated Statements of Operations. Actuarial (gains) losses and prior service costs/(credits) are recognized as a component of OCI in the Consolidated Statements of Comprehensive Income when they exceed 10% of the greater of the fair value of plan assets or the plans’ projected benefit obligation (the corridor) and amortized over the average remaining working lifetime of the plan. Actuarial (gains) losses arise as a result of differences between actual experience and assumptions or as a result of changes in actuarial assumptions. Prior service costs/(credits) represent the cost of benefit changes attributable to prior service granted in plan amendments. The measurement of benefit obligations and net periodic pension cost is based on estimates and assumptions including estimates of discount rates, expected return on plan assets, rate of compensation increases, interest crediting rates and mortality rates. Refer to Note 18 – Postretirement Benefit Plans for further details on the accounting for these plans.
Supply Chain Financing	Supply Chain Financing The Company maintains agreements with unaffiliated third-party financial institutions that offer voluntary supply chain financing (“SCF”) programs to suppliers of the Company. The SCF programs enable suppliers, at their sole discretion, to sell their receivables to third-party financial institutions in order to receive payment on receivables earlier than the negotiated commercial terms between suppliers and the Company. Supplier sale of receivables to third-party financial institutions is on terms negotiated between the supplier and the respective third-party financial institution. The Company agrees on commercial terms for the goods and services procured from suppliers, including prices, quantities, and payment terms, which normally range between 30 to 180 days, regardless of whether the supplier elects to participate in the SCF programs. A supplier’s voluntary participation in the SCF programs has no bearing on the Company's payment terms and the Company has no economic interest in a supplier’s decision to participate in the SCF programs. The Company agrees to pay participating third-party financial institutions the stated amounts of confirmed invoices from suppliers on the original maturity dates of the invoices.
Revenue Recognition	Revenue Recognition Product and services sales are recognized when, or as, the Company transfers control of the promised products or services to its customers. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods. The Company recognizes contract assets for goods exchanged under a contract that are not yet billable to the customer due to consignment inventory or specific contract terms. These assets are later reclassified as trade receivables when invoiced, usually timed with the customer's use of the product. In most circumstances, the Company recognizes revenue for products and services at the point in time in which the underlying products or services transfer to the customer. Service sales are primarily derived from the Company’s uranium conversion services. Revenue is measured based on the consideration specified in a contract with a customer. In a toll conversion arrangement, the Company is contractually obligated to convert customer-owned uranium to a chemical state suitable for enrichment. The Company provides the converted uranium, based on the terms of the sales contract, at which point the specified quantity of converted uranium is transferred to the customer. At this point, the customer obtains control and revenue is recognized for the toll conversion services. Revenues include estimates of variable consideration. The Company measures variable consideration at the most likely amount the Company will receive from customers. The terms of a contract or the historical business practice can give rise to variable consideration due to, but not limited to, cash-based incentives, rebates, performance awards, or credits. The Company estimates variable consideration using forecasts from customers and other information (historical, current and forecasted) reasonably available to the Company. Customers do not have the right to return products, except in limited circumstances. Contract Balances The Company tracks progress on satisfying performance obligations under contracts with customers and records the related billings and cash collections in the Consolidated Balance Sheets in Accounts receivable – net unbilled receivables (contract assets) arise when the revenue associated with the contract is recognized prior to billing and derecognized when billed in accordance with the terms of the contract. Deferred revenue (contract liabilities) arise when customers remit contractual cash payments in advance of the Company satisfying performance obligations under contractual arrangements. Contract liabilities are derecognized when performance obligations are satisfied. When contracts are modified to account for changes in contract specifications and requirements, the Company considers whether the modification either creates new or changes the existing enforceable rights and obligations. The effect of a contract modification on the transaction price and the Company’s measure of progress for the performance obligation to which it relates is recognized as an adjustment to revenue (either as an increase in or a reduction of revenue) on a cumulative catch-up basis. When the modifications include additional performance obligations that are distinct and at stand-alone selling price, they are accounted for as a new contract and performance obligations, which are recognized prospectively. Performance Obligations A performance obligation is a promise in a contract to transfer a distinct good or service to the customer and is defined as the unit of account. The Company allocates a contract’s transaction price to each distinct performance obligation and recognizes revenue when, or as, the performance obligation is satisfied. When contracts with customers require highly complex integration or manufacturing services not separately identifiable from other promises in the contracts and, therefore, not distinct, then the entire contract is accounted for as a single performance obligation. For contracts with multiple performance obligations, the Company allocates the contract’s transaction price to each performance obligation based on the estimated relative stand-alone selling price of each distinct good or service in the contract. For product sales, each product sold to a customer typically represents a distinct performance obligation. In such cases, the observable stand-alone sales are used to determine the stand-alone selling price. Performance obligations satisfied as of a point in time are supported by contracts with customers, providing a framework for the nature of the distinct goods, services or bundle of goods and services. The timing of satisfying the performance obligation is typically indicated by the terms of the contract. Substantially all of the Company’s revenue relates to transfer of control of products or delivery of conversion services at a point in time. The Company’s contracts generally do not contain a significant financing component, as the period between when the Company transfers control of the product or service to the customer and when the customer pays for that product or service is one year or less.
Research and Development	Research and Development Research and development costs for projects are expensed as incurred and included in Research and development expenses in the Consolidated Statements of Operations.
Transaction-related costs	Transaction-related costs The Company classifies certain expenses related to the Spin-off, as well as acquisitions and divestitures (if any) as Transaction-related costs in the Consolidated Statements of Operations. The Transaction-related costs include one-time and non-recurring expenses associated with the separation and stand-up of functions required to operate as a standalone public entity. These non-recurring costs primarily relate to legal, accounting, consulting and other professional service fees, system implementation costs, business and facilities separation, development of our brand and other matters.
Income Taxes	Income Taxes For periods prior to the Spin-off, income taxes, as presented in the Consolidated Financial Statements attribute current and deferred income taxes of Honeywell to the Company’s stand-alone financial statements in a manner that is systematic, rational and consistent with the asset and liability method prescribed by ASC 740, Income Taxes (“ASC 740”). Accordingly, the Company’s income tax provision was prepared following the separate return method. The separate return method applies ASC 740 to the stand-alone financial statements of each member of the consolidated group as if the group members were separate taxpayers. As a result, actual transactions included in the consolidated financial statements of Honeywell may not have been included in the separate Consolidated Financial Statements of the Company. Similarly, the tax treatment of certain items reflected in the Consolidated Financial Statements of the Company may not have been reflected in the consolidated financial statements and tax returns of Honeywell. Therefore, items such as net operating losses, credit carryforwards and valuation allowances may exist in the stand-alone financial statements that may or may not exist in Honeywell’s consolidated financial statements. As such, the income taxes of the Company as presented in the Consolidated Financial Statements may not be indicative of the income taxes that the Company will generate in the future. Since the Company’s results were included in the Parent’s consolidated tax returns, payments to certain tax authorities were made by the Parent and not by the Company. For tax jurisdictions where the Company was included with the Parent in a consolidated tax filing, the Company did not maintain taxes payable to or from the Parent. The payments are deemed to be settled immediately with the legal entities paying the tax in the respective tax jurisdictions and are reflected in the Consolidated Statements of Cash Flows as Net transfers to Parent within financing activities and in the Consolidated Balance Sheets as Net Parent investment. The Company’s deferred tax assets and liabilities represent differences between the tax bases of assets and liabilities and their reported amounts in the Consolidated Financial Statements, applying enacted tax rates expected to be in effect for the year in which the differences are expected to reverse. The Company reduces deferred tax assets by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some portion or all the deferred tax assets will not be realized. The Company uses significant judgment to evaluate tax positions. The Company establishes reserves for income taxes when, despite the belief that tax positions are fully supportable, certain positions remain that do not meet the minimum recognition threshold. The Company establishes uncertain tax positions when a tax position is more likely than not to be sustained upon examination by the applicable taxing authority. In the normal course of business, the Company and its subsidiaries are examined by various federal, state, and foreign tax authorities. The Company assesses the potential outcomes of these examinations and any future examinations for the current or prior years in determining the adequacy of the provision for income taxes. The Company continually assesses the likelihood and amount of potential adjustments and adjusts the income tax provision, the current tax liability, and deferred taxes in the period in which the facts that give rise to a change in estimate become known.
Litigation	Litigation The Company accrues for litigation matters when it is probable that a liability has been incurred and the amount of the liability can be reasonably estimated. Where the available information is only sufficient to establish a range of probable liability, and no point within the range is more likely than any other, the lower end of the range has been used. When a material loss contingency is reasonably possible, but not probable, the Company does not record a liability, but instead discloses the nature of the matter and an estimate of the loss or range of loss, to the extent such estimate can be made. Legal costs, such as outside counsel fees and expenses, are charged to expense in the period that services are rendered.
Environmental	Environmental The Company accrues costs related to environmental matters when it is probable that it has incurred a liability related to a contaminated site and the amount can be reasonably estimated. See Note 20 - Commitments and Contingencies for additional information.
Stock-Based Compensation	Stock-Based Compensation Prior to the Spin-off, eligible employees participated in Honeywell’s stock-based compensation plans. Awards granted under the plans were based on Honeywell’s common shares and, as such, were reflected in the Parent’s Consolidated Statement of Shareowners’ Equity and not in the Company’s Combined Statements of Equity. For historical periods, stock-based compensation cost is based on the awards and terms previously granted to employees by Honeywell and allocated to Solstice. The fair value of the Honeywell stock options was determined on the grant date using the Black-Scholes model. At the time of the Company’s Spin-off, each outstanding Honeywell Restricted Stock Unit (“RSU”) held by a Solstice employee was converted into a Solstice RSU based on the exchange ratio determined at the Distribution. The Company may grant employees RSUs and stock options. RSUs typically vest over a three to four-year period. Stock options vest in equal installments over a period of four years and expire after 10 years. Recipients of RSUs receive dividend equivalents that are paid subject to the same vesting and forfeiture restrictions as the underlying award. The fair value of the RSUs is determined on the grant date based on the Company’s stock price. The fair value of the Honeywell stock options converted to Solstice stock options was determined on the modification date using the binomial option pricing model. The Company has elected to account for forfeitures as they occur. Stock-based compensation cost is recorded in Selling, general and administrative expenses in the Consolidated Statements of Operations. The Company records deferred tax assets for awards that result in tax deductions in the consolidated financial statements calculated using the separate return basis based on the amount of compensation cost recognized and the relevant statutory tax rates. The differences between the deferred tax assets recognized for financial reporting purposes and the actual tax deduction reported on the income tax return are recorded as a benefit or expense to the provision for income taxes in the Consolidated Statements of Operations.
Earnings Per Share	Earnings Per Share Basic earnings per share (“EPS”) is calculated by dividing net income (loss) attributable to common shareowners by the weighted average number of shares of common stock outstanding for the applicable period. Diluted EPS, calculated using the treasury stock method, reflects the potential dilution that could occur if the Company’s outstanding stock-based compensation awards were issued.

Accrued and Other Current Liabilities

12 Months Ended

Dec. 31, 2025

Payables and Accruals [Abstract]

Accrued and Other Current Liabilities

Accrued and other current liabilities are comprised of the following:


	December 31,
	2025		2024
Taxes payable	$	122	$	44
Customer rebates reserve	71		60
ConverDyn JV partner payable	69		60
Compensation, benefit and other employee related	68		38
Accrued interest on long-term debt	24		—
Operating lease liability	18		24
Separation-related accrual	18		21
Environmental reserves	6		6
Customer advances	3		6
Other	68		24
Total Accrued and other current liabilities	$	467	$	283

Other Noncurrent Liabilities (Tables)

12 Months Ended

Dec. 31, 2025

Other Liabilities Disclosure [Abstract]

Schedule of Other Noncurrent Liabilities

Other noncurrent liabilities are comprised of the following:


	December 31,
	2025		2024
Pension and other employee-related	$	76	$	57
Operating lease liabilities	69		64
Environmental costs	50		47
Deferred income	38		33
Asset retirement obligation	18		17
Income taxes	10		9
Other	2		3
Total Other noncurrent liabilities	$	262	$	230

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Debt - Debt Maturities (Details) $ in Millions	Dec. 31, 2025 USD ($)
Debt Disclosure [Abstract]
2026	$ 8
2027	10
2028	10
2029	10
2030	10
Thereafter	1,953
Total	$ 2,000

- Definition

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 55
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482949/835-30-55-8

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(16))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69C

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1D

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(16)(a)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (b)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-4

+ Details

Earnings Per Share - Schedule of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Numerator:
Net income	$ 285	$ 605	$ 619
Less: Net income (loss) attributable to noncontrolling interest	48	11	(2)
Net income attributable to Solstice Advanced Materials	$ 237	$ 594	$ 621
Denominator:
Weighted average number of common shares outstanding - basic (in shares)	158.7	158.7	158.7
Dilutive effect of stock-based compensation plans (in shares)	0.2	0.0	0.0
Weighted average number of common shares outstanding - diluted (in shares)	158.9	158.7	158.7
Basic earnings per share (in usd per share)	$ 1.49	$ 3.74	$ 3.91
Diluted earnings per share (in usd per share)	$ 1.49	$ 3.74	$ 3.91

Stockholders’ Equity - Schedule of Change In Accumulated Other Comprehensive Income (Loss) By Component (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 3,182	$ 3,028	$ 2,718
Net current period other comprehensive income (loss)	86	(55)	13
Ending balance	1,377	3,182	3,028
Total
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(213)	(158)	(171)
Other comprehensive income (loss) before reclassifications	91	(46)	15
Amounts reclassified from accumulated other comprehensive loss	(5)	(9)	(2)
Net current period other comprehensive income (loss)	86	(55)	13
Ending balance	(127)	(213)	(158)
Foreign Exchange Translation Adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(218)	(156)	(163)
Other comprehensive income (loss) before reclassifications	98	(62)	7
Amounts reclassified from accumulated other comprehensive loss	0	0	0
Net current period other comprehensive income (loss)	98	(62)	7
Ending balance	(120)	(218)	(156)
Pension Adjustments
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(5)	(1)	1
Other comprehensive income (loss) before reclassifications	(3)	(4)	(2)
Amounts reclassified from accumulated other comprehensive loss	0	0	0
Net current period other comprehensive income (loss)	(3)	(4)	(2)
Ending balance	(8)	(5)	(1)
Changes in Fair Value of Cash Flow Hedges
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	10	(1)	(9)
Other comprehensive income (loss) before reclassifications	(4)	20	10
Amounts reclassified from accumulated other comprehensive loss	(5)	(9)	(2)
Net current period other comprehensive income (loss)	(8)	11	8
Ending balance	$ 2	$ 10	$ (1)

- Definition

Amount after tax, before reclassification adjustments of other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480870/815-30-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-5

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481674/830-30-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-17

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-4

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-SubTopic 10
-Topic 220
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482739/220-10-55-15

+ Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-SubTopic 10
-Topic 505
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481674/830-30-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-17

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-4

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-5

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1B

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-SubTopic 10
-Topic 220
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482739/220-10-55-15

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1A
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-1A

+ Details

- Definition

Amount after tax of reclassification adjustments of other comprehensive income (loss).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482790/220-10-45-14A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480870/815-30-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-5

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481674/830-30-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-17

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-4

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 15
-SubTopic 10
-Topic 220
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482739/220-10-55-15

+ Details

- Definition

Amount of equity (deficit) attributable to parent and noncontrolling interest. Excludes temporary equity.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-9

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 9
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-9

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 17
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480336/718-10-65-17

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-14

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-11

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476176/805-60-65-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (g)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478666/740-323-65-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 848
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (a)(3)(iii)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483550/848-10-65-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 842
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 8
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479832/842-10-65-8

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483421/250-10-45-24

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 23
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483421/250-10-45-23

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 5
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483421/250-10-45-5

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 5
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479654/326-10-65-5

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480528/815-20-65-6

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480528/815-20-65-6

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (h)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480528/815-20-65-6

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (h)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480528/815-20-65-6

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (h)(1)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480528/815-20-65-6

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (i)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480528/815-20-65-6

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-6

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 105
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 6
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479343/105-10-65-6

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (f)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 2
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480016/944-40-65-2

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 8
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482615/740-10-65-8

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 8
-Subparagraph (d)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482615/740-10-65-8

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 326
-SubTopic 10
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479654/326-10-65-4

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (e)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480175/815-40-65-1

Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-7

Reference 38: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-5

Reference 39: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481674/830-30-50-1

Reference 40: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-17

Reference 41: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481694/830-30-45-20

Reference 42: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-11

Reference 43: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 205
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478009/946-205-45-3

Reference 44: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478448/946-505-50-3

Reference 45: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(19))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 46: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.6-05(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-2

Reference 47: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(4)(b))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 48: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(6))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 49: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-09(7))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-3

Reference 50: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 51: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 52: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 53: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-15

Reference 54: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 16
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-16

Reference 55: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 55
-Paragraph 4I
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481175/810-10-55-4I

Reference 56: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 60
-Name Accounting Standards Codification
-Section 65
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476166/350-60-65-1

Reference 57: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 65
-Paragraph 4
-Subparagraph (f)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481538/470-20-65-4

+ Details

Inventories - Narratives (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Inventory Disclosure [Abstract]
Inventory reserves	$ 8	$ 14

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The sources of income from continuing operations before income taxes are as follows:


	Years Ended December 31,
	2025		2024		2023
U.S.	$	348	$	553	$	569
Non-U.S.	299		244		245
Total	$	647	$	797	$	814

Schedule of Components of Income Tax Expense (Benefit)

Tax expense consists of the following:


	Years Ended December 31,
	2025		2024		2023
Current:
U.S. Federal	$	83	$	97	$	131
U.S. State	24		36		40
Non-U.S.	281		65		60
Total current tax expense	388		198		231
Deferred:
U.S. Federal	(27)		(3)		(31)
U.S. State	(1)		(2)		(6)
Non-U.S.	2		(1)		1
Total deferred tax (benefit) expense	(26)		(6)		(36)
Total Tax expense	$	362	$	192	$	195

Schedule of Effective Income Tax Rate Reconciliation

Following the Company’s adoption of ASU 2023-09, the U.S. federal statutory income tax rate is reconciled to the effective income tax rate for 2025 as follows:


	Year Ended December 31, 2025
	$		%
US Federal Statutory Tax Rate	$	136	21.0	%
State and local income taxes, net of Federal income tax effects1	17		2.6	%
Foreign tax effects
China
Discrete tax adjustments - restructuring in advance of the Spin-off	180		27.8	%
Withholding taxes on unremitted earnings	(15)		(2.3)	%
Other	2		0.3	%
United Arab Emirates
Valuation Allowance	10		1.5	%
Other	1		0.2	%
Japan
Withholding taxes on unremitted earnings	13		2.0	%
Other	7		1.1	%
Taiwan
Withholding taxes on unremitted earnings	9		1.4	%
Other	5		0.8	%
Other foreign jurisdictions	11		1.7	%
Effect of cross-border tax laws
Global intangible low-taxed income	2		0.3	%
Foreign-derived intangible income benefit	(6)		(0.9)	%
Tax credits
U.S. research and development tax credit	(10)		(1.5)	%
Nontaxable or nondeductible items
Transaction costs	10		1.5	%
Other	(2)		(0.3)	%
Changes in unrecognized tax benefits	2		0.3	%
Other adjustments
Non-controlling interest and partnership	(11)		(1.7)	%
Other	1		0.2	%
Effective tax rate	$	362	56.0	%

__________________

1.State taxes in Illinois, Virginia, and Pennsylvania make up the majority (greater than 50%) of the tax effect in this category.

The U.S. federal statutory income tax rate is reconciled to the effective income tax rate for prior years as follows:


	Years Ended December 31,
	2024		2023
U.S. federal statutory income tax rate	21.0	%	21.0	%
Taxes on non-U.S. earnings1	2.9		2.3
Foreign-derived intangible income benefit	(1.4)		(1.8)
U.S. state income taxes	3.3		3.2
Research and development credits	(1.1)		(1.1)
Other	(0.6)		0.4
Effective income tax rate	24.1	%	24.0	%

__________________

1.Includes U.S. taxes on non-U.S. earnings, net of foreign tax credits.

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences and tax carryforwards which give rise to future income tax benefits and payables are as follows:


	December 31,
	2025		2024
Deferred tax assets
Pension	$	7	$	7
Other accruals and reserves	27		29
Environmental reserves	12		14
Lease liabilities	59		38
Capitalized research & development	—		48
Other	17		11
Gross deferred tax assets	122		147
Valuation allowance	(10)		—
Total deferred tax assets	112		147
Deferred tax liabilities
Pension	(9)		—
Right-of-use assets	(68)		(47)
Outside basis difference	(2)		(9)
Intangible assets	(15)		(26)
Unremitted earnings of foreign subsidiaries	(56)		(44)
Property, plant and equipment	(189)		(197)
Total deferred tax liabilities	(339)		(323)
Net deferred tax liability	$	(227)	$	(176)

Schedule of Cash Flow, Supplemental Disclosures

The following table reconciles cash paid for income taxes for the year ended December 31, 2025:


Federal	$	—
State	—
Non-U.S.
China	22
Japan	18
Ireland	5
Other foreign	5
Total Cash Paid for Income Taxes	50

Schedule of Unrecognized Tax Benefits Roll Forward


	December 31,
	2025		2024		2023
Change in unrecognized tax benefits
Balance at beginning of year	$	8	$	8	$	8
Gross increases related to current period tax positions	1		1		1
Gross increases related to prior period tax positions	2		—		—
Settlements	(1)		—		—
Foreign currency translation	1		—		—
Settled with Parent through Net Parent investment	(3)		(1)		(1)
Balance at end of year	$	8	$	8	$	8

Summary of Income Tax Examinations

The following table summarizes tax years that remain subject to examination by major tax jurisdictions as of December 31, 2025:


	Open Tax Years
Jurisdiction	Examination in progress	Examination not yet initiated
China	2013-2024	2025
Germany	2017-2020	2021-2025

Postretirement Benefit Plans - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan Disclosure [Line Items]
Multiemployer plan, service cost	$ 2	$ 3	$ 3
Non-US Plans
Defined Benefit Plan Disclosure [Line Items]
Benefits paid	$ 3	$ 3	$ 3

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Postretirement Benefit Plans - Schedule of Net Periodic Benefit Cost (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
U.S. Plan
Defined Benefit Plan Disclosure [Line Items]
Service Cost	$ 0
Interest cost	1
Expected return on assets	(2)
Amortization of unrecognized prior service cost	0
Total net periodic benefit income - U.S. Plan	(1)
Non-US Plans
Defined Benefit Plan Disclosure [Line Items]
Interest cost	2	$ 2	$ 2
Total net periodic benefit income - U.S. Plan	$ 2	$ 2	$ 2

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Stockholders’ Equity (Tables)

12 Months Ended

Dec. 31, 2025

Stockholders' Equity Note [Abstract]

Schedule of Common Stock Outstanding

The following table sets forth the changes in the number of shares of common stock outstanding during the year ended December 31, 2025.


			Common Stock Outstanding (in millions)
Balance as of January 1, 2025			—
Common stock issued			158.7
Common stock acquired			—
Balance as of December 31, 2025			158.7

Schedule of Changes In Other Comprehensive Income (Loss)

The changes in Accumulated other comprehensive loss are provided in the table below.


	Pretax		Tax		After Tax
Year Ended December 31, 2023
Foreign exchange translation adjustment	$	7	$	—	$	7
Pension adjustments	(3)		1		$	(2)
Changes in fair value of effective cash flow hedges	9		(1)		$	8
Total net current period other comprehensive income (loss)	$	13	$	—	$	13
Year Ended December 31, 2024
Foreign exchange translation adjustment	$	(62)	$	—	$	(62)
Pension adjustments	(6)		2		$	(4)
Changes in fair value of effective cash flow hedges	13		(2)		$	11
Total net current period other comprehensive income (loss)	$	(55)	$	—	$	(55)
Year Ended December 31, 2025
Foreign exchange translation adjustment	$	98	$	—	$	98
Pension adjustments	(7)		4		$	(3)
Changes in fair value of effective cash flow hedges	(11)		2		$	(8)
Total net current period other comprehensive income (loss)	$	80	$	6	$	86

Schedule of Accumulated Other Comprehensive Income (Loss)

Components of Accumulated Other Comprehensive Loss


	December 31,
	2025		2024
Cumulative foreign exchange translation adjustment	$	(120)	$	(218)
Pension and other postretirement benefit adjustments	(8)		(5)
Fair value adjustments of cash flow hedges	2		10
Total Accumulated other comprehensive loss	$	(127)	$	(213)

Schedule of Change In Accumulated Other Comprehensive Income (Loss) By Component

Changes in Accumulated Other Comprehensive Loss by Component


	Foreign Exchange Translation Adjustment		Pension Adjustments		Changes in Fair Value of Cash Flow Hedges		Total
Balance as of January 1, 2023	$	(163)	$	1	$	(9)	$	(171)
Other comprehensive income (loss) before reclassifications	7		(2)		10		$	15
Amounts reclassified from accumulated other comprehensive loss	—		—		(2)		(2)
Net current period other comprehensive income (loss)	7		(2)		8		13
Balance as of December 31, 2023	$	(156)	$	(1)	$	(1)	$	(158)
Other comprehensive income (loss) before reclassifications	(62)		(4)		20		$	(46)
Amounts reclassified from accumulated other comprehensive loss	—		—		(9)		(9)
Net current period other comprehensive income (loss)	(62)		(4)		11		(55)
Balance as of December 31, 2024	$	(218)	$	(5)	$	10	$	(213)
Other comprehensive income (loss) before reclassifications	98		(3)		(4)		$	91
Amounts reclassified from accumulated other comprehensive loss	—		—		(5)		(5)
Net current period other comprehensive income (loss)	98		(3)		(8)		86
Balance as of December 31, 2025	$	(120)	$	(8)	$	2	$	(127)

Related Party Transactions (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Share-based payment arrangement, expense

$ 27

$ 17

$ 18

Net sales

3,886

3,770

3,649

Accounts receivable, less allowances

^[1]

645

569

Accounts payable

^[2]

909

778

Honeywell

$ 9

Honeywell | Spinoff

Restructuring, parent support, transition period

24 months

Restructuring, parent support, guarantor of debt, transition period

12 months

Services

Net sales

^[3]

$ 299

317

225

Share-based payment arrangement, expense

Service Cost

Accounts receivable, less allowances

Accounts payable

Related Party | Services

Net sales

Affiliated Entity

Net sales

125

111

Accounts receivable, less allowances

Accounts payable

Affiliated Entity | ConverDyn

Current liabilities

$ 69

Accounts payable, interest-bearing, interest rate

2.00%

Product loans receivable

$ 178

156

Product loans payable

178

156

Other receivables

Unbilled contracts receivable

Affiliated Entity | ConverDyn | Services

Net sales

Management Cost and Corporate Support Services | Related Party

$ 192

$ 205

$ 201

[1]	Accounts receivable include related party receivables of $45 million and $40 million, as of December 31, 2025 and 2024, respectively.
[2]	Accounts payable include related party accounts payables of $2 million and $3 million as of December 31, 2025 and 2024, respectively.
[3]	Service sales include related party service sales of $0 million, $30 million, and $0 million, for the years ended December 31, 2025, 2024, and 2023, respectively.

Revenue Recognition and Contracts with Customers

12 Months Ended

Dec. 31, 2025

Revenue from Contract with Customer [Abstract]

Revenue Recognition and Contracts with Customers

The Company has a comprehensive offering of products and services sold to a variety of customers in multiple end markets. See the following disaggregated revenue table and related discussions by reportable business segment for details:


	Years Ended December 31,
	2025		2024		2023
Refrigerants & Applied Solutions
Refrigerants	$	1,511	$	1,302	$	1,372
Building Solutions and Intermediates	719		738		718
Nuclear (AES)	356		446		308
Healthcare Packaging	204		235		231
Net Refrigerants & Applied Solutions	2,789		2,721		2,629
Electronic & Specialty Materials
Research and Performance Chemicals	500		482		464
Electronic Materials	409		381		407
Safety and Defense Solutions	187		186		149
Net Electronic & Specialty Materials	1,097		1,049		1,020
Net sales	$	3,886	$	3,770	$	3,649

Contract Balances

The Company tracks progress on satisfying performance obligations under contracts with customers and records the related billings and cash collections in the Consolidated Balance Sheets in Accounts receivable – net unbilled receivables (contract assets) arise when the revenue associated with the contract is recognized prior to billing and derecognized when billed in accordance with the terms of the contract. Deferred revenue (contract liabilities) arise when customers remit contractual cash payments in advance of the Company satisfying performance obligations under contractual arrangements. Contract liabilities are derecognized when performance obligations are satisfied.


	December 31,
	2025		2024
Contract assets - January 1	51		$	26
Change in Contract assets - (decrease) increase	(12)		25
Contract assets - December 31	39		51

Contract liabilities - January 1	(39)		(59)
Change in Contract liabilities - (increase) decrease	(2)		20
Contract liabilities - December 31	(41)		(39)

Net change	$	(14)	$	45

For the years ended December 31, 2025, 2024 and 2023, the Company recognized revenue of $3 million, $45 million and $3 million, respectively, that was previously included in the beginning balance of contract liabilities.

When contracts are modified to account for changes in contract specifications and requirements, the Company considers whether the modification either creates new or changes the existing enforceable rights and obligations.

The effect of a contract modification on the transaction price and the Company’s measure of progress for the performance obligation to which it relates is recognized as an adjustment to revenue (either as an increase in or a reduction of revenue) on a cumulative catch-up basis. When the modifications include additional performance obligations that are distinct and at stand-alone selling price, they are accounted for as a new contract and performance obligations, which are recognized prospectively.

Performance Obligations

A performance obligation is a promise in a contract to transfer a distinct good or service to the customer and is defined as the unit of account. The Company allocates a contract’s transaction price to each distinct performance obligation and recognizes revenue when, or as, the performance obligation is satisfied. When contracts with customers require highly complex integration or manufacturing services not separately identifiable from other promises in the contracts and, therefore, not distinct, then the entire contract is accounted for as a single performance obligation. For contracts with multiple performance obligations, the Company allocates the contract’s transaction price to each performance obligation based on the estimated relative stand-alone selling price of each distinct good or service in the contract. For product sales, each product sold to a customer typically represents a distinct performance obligation. In such cases, the observable stand-alone sales are used to determine the stand-alone selling price.

Performance obligations satisfied as of a point in time are supported by contracts with customers, providing a framework for the nature of the distinct goods, services or bundle of goods and services. The timing of satisfying the performance obligation is typically indicated by the terms of the contract. Substantially all of the Company’s revenue relates to transfer of control of products or delivery of conversion services at a point in time. The Company’s contracts generally do not contain a significant financing component, as the period between when the Company transfers control of the product or service to the customer and when the customer pays for that product or service is one year or less.

As of December 31, 2025, the Company’s remaining performance obligations (“RPO”), which is the aggregate amount of total contract price that is unsatisfied or partially unsatisfied was approximately $2.8 billion. Performance obligations expected to be satisfied within one year and greater than one year are 27% and 73%, respectively.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

Stock-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of The Activity Related To The Company’s Stock Options

A summary of the activity related to the Company’s stock options as of December 31, 2025, and changes during the year then ended is presented below.


	Stock Options
	Number of Units (in thousands)	Weighted- Average Exercise Price (per share)		Weighted- Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in thousands)
Outstanding at October 30, 20251	553	$	47.94
Granted	—	N/A
Exercised	—	N/A
Forfeited or expired	—	N/A
Outstanding at December 31, 2025	553	$	47.94	8.2 years	$	780

__________________

1.Effective date of conversion upon the Distribution.

Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions


	Year Ended December 31, 2025
Expected volatility	27.7	%
Dividend yield	—	%
Expected term (in years)	4.9
Risk-free rate	3.6	%

Schedule of Unvested Restricted Stock Units

A summary of the status of the Company’s RSUs as of December 31, 2025, and changes during the year then ended, is presented below.


	Number of Units (in thousands)	Weighted-Average Grant-Date Fair Value
Nonvested at October 30, 20251	780	$	49.12
Granted	6	49.45
Vested	(2)	47.70
Forfeited	—	N/A
Nonvested at December 31, 2025	785	$	49.12

__________________

1.Effective date of conversion upon the Distribution. Includes 258 thousand RSUs granted on October 30, 2025 pursuant to the 2025 Plan at a grant-date fair value of $50.70.

Goodwill and Other Intangible Assets - Net - Schedule of Goodwill (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Goodwill [Roll Forward]
Beginning balance	$ 806	$ 814
Currency Translation Adjustment	14	(8)
Ending balance	820	806
Refrigerants & Applied Solutions
Goodwill [Roll Forward]
Beginning balance	613	619
Currency Translation Adjustment	11	(6)
Ending balance	624	613
Electronic & Specialty Materials
Goodwill [Roll Forward]
Beginning balance	193	195
Currency Translation Adjustment	3	(2)
Ending balance	$ 196	$ 193

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-8

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479303/805-10-55-41

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 740
-Name Accounting Standards Codification
-Section 55
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478064/805-740-55-13

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 39
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479303/805-10-55-39

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(15))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482598/350-20-45-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(10)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-4

+ Details

Earnings Per Share - Additional Information (Details) shares in Millions	12 Months Ended
	Dec. 31, 2025 shares
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	0.8

Stock-Based Compensation Plans - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Number of shares authorized (in shares)	11,195,260
Options exercisable (in shares)	0
Share-based payment arrangement, expense	$ 27	$ 17	$ 18
Share-based payment arrangement, nonvested award, cost not yet recognized, amount	$ 31
Share-based payment arrangement, nonvested award, cost not yet recognized, period for recognition	2 years 9 months 18 days

Commitment and Contingencies - Environmental Loss Contingencies (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Accrual for Environmental Loss Contingencies [Roll Forward]
Beginning of year	$ 53	$ 54	$ 46
Accruals for environmental matters deemed probable and reasonably estimable	4	0	9
Environmental liability payments	(1)	(1)	(1)
End of year	$ 56	53	54
Environmental Loss Contingency, Statement of Financial Position [Extensible Enumeration]	Other noncurrent liabilities
Accrued and other current liabilities	$ 6	6
Other noncurrent liabilities	50	47
Total environmental liabilities	$ 56	$ 53	$ 54

Stockholders’ Equity - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Stockholders' Equity Note [Abstract]
Cumulative foreign exchange translation adjustment	$ (120)	$ (218)
Pension and other postretirement benefit adjustments	(8)	(5)
Fair value adjustments of cash flow hedges	2	10
Total Accumulated other comprehensive loss	$ (127)	$ (213)

- Definition

Amount, after tax, of accumulated increase (decrease) in equity from transaction and other event and circumstance from nonowner source.

+ References + Details

Goodwill and Other Intangible Assets - Net

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets - Net

Goodwill and Other Intangible Assets – Net

The below table summarizes the change in goodwill for the years ended December 31, 2025 and December 31, 2024, by segment:


	December 31, 2023		Currency Translation Adjustment		December 31, 2024		Currency Translation Adjustment		December 31, 2025
Refrigerants & Applied Solutions	$	619	$	(6)	$	613	$	11	$	624
Electronic & Specialty Materials	195		(2)		193		3		196
Total Goodwill	$	814	$	(8)	$	806	$	14	$	820

Other intangible assets are comprised of the following:


	December 31, 2025						December 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Definite-life intangibles
Customer relationships	$	35	$	(30)	$	5	$	34	$	(27)	$	7
Patents and technology	21		(6)		15		6		(4)		2
Other intangible assets	3		(2)		—		3		(2)		1
Total definite-life intangibles – net	58		(37)		21		43		(33)		10
Indefinite-life intangibles
Trademarks	29		—		29		25		—		25
Total Other intangible assets – net	$	87	$	(37)	$	49	$	68	$	(33)	$	35

Amortization expense related to intangible assets was $4 million for the year ended December 31, 2025 and $3 million for the year ended December 31, 2024 and 2023.

Estimated intangible asset amortization expense for each of the next five years is as follows:


	Amount
2026	$	3
2027	3
2028	3
2029	3
2030	3
Thereafter	8

Segment Financial Data - Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 3,886	$ 3,770	$ 3,649
Long-lived Assets	2,055	1,746	1,638
Export sales included in net sales of united states	544	720	576
U.S. Plan
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	2,234	2,285	2,205
Long-lived Assets	1,756	1,564	1,454
Europe, Middle East and Africa
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	922	886	859
Long-lived Assets	228	118	117
Other International
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	730	599	585
Long-lived Assets	$ 71	$ 64	$ 67

- Definition

+ References

+ Details

Accrued and Other Current Liabilities (Tables)

12 Months Ended

Dec. 31, 2025

Payables and Accruals [Abstract]

Schedule of Accrued and Other Current Liabilities

Accrued and other current liabilities are comprised of the following:


	December 31,
	2025		2024
Taxes payable	$	122	$	44
Customer rebates reserve	71		60
ConverDyn JV partner payable	69		60
Compensation, benefit and other employee related	68		38
Accrued interest on long-term debt	24		—
Operating lease liability	18		24
Separation-related accrual	18		21
Environmental reserves	6		6
Customer advances	3		6
Other	68		24
Total Accrued and other current liabilities	$	467	$	283

Other Noncurrent Assets - Schedule of Other Assets (Details) - USD ($)
$ in Millions

Dec. 31, 2025

Dec. 31, 2024

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]

Property, Plant and Equipment, Net

Right-of-use assets

$ 89

$ 90

Prepaid pension cost

Long-life catalysts – net

Capitalized software – net

Deferred debt issuance costs

Long-term accounts receivable

Deferred maintenance – net

Other

Total Other noncurrent assets

^[1]

$ 192

$ 142

[1]	Other noncurrent assets include related party long-term receivables of $0 million and $7 million as of December 31, 2025 and 2024, respectively.

Goodwill and Other Intangible Assets - Net - Schedule of Intangible Assets (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Definite-life intangibles
Gross Carrying Amount	$ 58	$ 43
Accumulated Amortization	(37)	(33)
Net Carrying Amount	21	10
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross Carrying Amount	87	68
Accumulated Amortization	(37)	(33)
Net Carrying Amount	49	35
Trademarks
Indefinite-Lived Intangible Assets [Line Items]
Indefinite-life intangibles	29	25
Customer relationships
Definite-life intangibles
Gross Carrying Amount	35	34
Accumulated Amortization	(30)	(27)
Net Carrying Amount	5	7
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	(30)	(27)
Patents and technology
Definite-life intangibles
Gross Carrying Amount	21	6
Accumulated Amortization	(6)	(4)
Net Carrying Amount	15	2
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	(6)	(4)
Other intangible assets
Definite-life intangibles
Gross Carrying Amount	3	3
Accumulated Amortization	(2)	(2)
Net Carrying Amount	0	1
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	$ (2)	$ (2)

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2025
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events The Company evaluated subsequent events for recognition or disclosure through February 19, 2026, the date the Consolidated Financial Statements were available to be issued. On February 11, 2026, the Company announced that the Board of Directors declared a dividend of $0.075 per share of common stock outstanding, payable on March 10, 2026, to shareowners of record as of February 24, 2026.

Leases - Narrative (Details)	Dec. 31, 2025
Minimum
Operating Leased Assets [Line Items]
Lease term	1 year
Maximum
Operating Leased Assets [Line Items]
Lease term	10 years

Inventories (Tables)

12 Months Ended

Dec. 31, 2025

Inventory Disclosure [Abstract]

Schedule of Components of Inventories

The Company’s inventories are comprised of the following:


	December 31,
	2025		2024
Raw materials	$	71	$	67
Work in process	239		193
Finished products	405		298
Total Inventories	$	715	$	558

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
$ in Millions

Dec. 31, 2025

Dec. 31, 2024

Allowance for credit loss

$ 10

$ 7

Common stock, par value (in usd per share)

$ 0.01

Common stock, shares authorized (in shares)

500,000,000

Shares issued (in shares)

158,747,196

Shares outstanding (in shares)

158,747,196

Accounts receivable, less allowances

^[1]

$ 645

$ 569

Product loans receivable, current

^[2]

300

Product loans receivable

^[3]

264

Noncurrent assets

^[4]

192

142

Accounts payable

^[5]

909

778

Accrued and other current liabilities

^[6]

467

283

Related Party

Accounts receivable, less allowances

Product loans receivable, current

178

Product loans receivable

156

Noncurrent assets

Accounts payable

Accrued and other current liabilities

$ 69

$ 60

[1]	Accounts receivable include related party receivables of $45 million and $40 million, as of December 31, 2025 and 2024, respectively.
[2]	Product loans receivable/payable, current include related party loans receivables/payables of $178 million and $0 million as of December 31, 2025 and 2024, respectively.
[3]	Product loans receivable/payable, noncurrent include related party loans receivables/payables of $0 million and $156 million as of December 31, 2025 and 2024, respectively
[4]	Other noncurrent assets include related party long-term receivables of $0 million and $7 million as of December 31, 2025 and 2024, respectively.
[5]	Accounts payable include related party accounts payables of $2 million and $3 million as of December 31, 2025 and 2024, respectively.
[6]	Accrued and other current liabilities include related party payables of $69 million and $60 million as of December 31, 2025 and 2024, respectively.

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Accounts receivable

^[1]

$ 51

$ (40)

$ 134

Accounts payable

^[2]

Accrued liabilities, current

^[3]

102

Related Party

Accounts receivable

(4)

Long term related party receivables

(7)

Accounts payable

(1)

(4)

(6)

Accrued liabilities, current

$ 9

$ 7

$ 6

[1]	Includes (increase)/decrease in short term related party receivables of $(5) million, $4 million, and $(10) million for the years ended December 31, 2025, 2024, and 2023, respectively, and decrease/(increase) in long term related party receivables of $7 million and $(7) million for the years ended December 31, 2025 and 2024, respectively.
[2]	Includes (decrease)/increase in related party accounts payables of $(1) million, $(4) million, and $(6) million for the years ended December 31, 2025, 2024, and 2023, respectively.
[3]	Includes increase in related party accrued liabilities of $9 million, $7 million, and $6 million for the years ended December 31, 2025, 2024, and 2023, respectively.

Stock-Based Compensation Plans - Weighted-Average Stock Option Assumptions (Details) - Stock Options	12 Months Ended
	Dec. 31, 2025 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	27.70%
Dividend yield	$ 0
Expected term (in years)	4 years 10 months 24 days
Risk-free rate	3.60%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(v)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-1D

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-3

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)(iv)(04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(ii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(01)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(02)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)(iii)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Net sales

$ 3,886

$ 3,770

$ 3,649

Costs, expenses and other

Total cost of products and services sold

2,636

2,464

2,366

Research and development expenses

Selling, general and administrative expenses

421

392

378

Transaction-related costs

117

Other expense (income)

(60)

(5)

(7)

Interest and other financial charges

Total costs, expenses and other

3,239

2,973

2,835

Income before taxes

647

797

814

Income tax expense

362

192

195

Net income

285

605

619

Less: Net income (loss) attributable to noncontrolling interest

(2)

Net income attributable to Solstice Advanced Materials

$ 237

$ 594

$ 621

Basic earnings per share (in usd per share)

$ 1.49

$ 3.74

$ 3.91

Diluted earnings per share (in usd per share)

$ 1.49

$ 3.74

$ 3.91

Weighted average number of common shares outstanding - basic (in shares)

158.7

Weighted average number of common shares outstanding - diluted (in shares)

158.9

158.7

Products

Net sales

^[1]

$ 3,587

$ 3,453

$ 3,424

Costs, expenses and other

Total cost of products and services sold

^[2]

2,419

2,214

2,149

Services

Net sales

^[3]

299

317

225

Costs, expenses and other

Total cost of products and services sold

$ 217

$ 250

$ 217

[1]	Product sales include related party product sales of $91 million, $95 million, and $111 million, for the years ended December 31, 2025, 2024, and 2023, respectively.
[2]	Cost of products sold include related party cost of products sold of $12 million, $15 million, and $21 million, for the years ended December 31, 2025, 2024, and 2023, respectively.
[3]	Service sales include related party service sales of $0 million, $30 million, and $0 million, for the years ended December 31, 2025, 2024, and 2023, respectively.

Stock-Based Compensation Plans - Schedule of Restricted Stock Units (Details) shares in Thousands	2 Months Ended
	Dec. 31, 2025 $ / shares shares
Number of Units (in thousands)
Nonvested at October 30, 2025 (in shares)	780
Granted (in shares)	6
Vested (in shares)	(2)
Forfeited (in shares)	0
Nonvested at December 31, 2025 (in shares)	785
Weighted-Average Grant-Date Fair Value
Nonvested at October 30, 2025 (in usd per share) \| $ / shares	$ 49.12
Granted (in usd per share) \| $ / shares	49.45
Vested (in usd per share) \| $ / shares	47.70
Nonvested at December 31, 2025 (in usd per share) \| $ / shares	$ 49.12
2025 Plan
Number of Units (in thousands)
Nonvested at October 30, 2025 (in shares)	258
Weighted-Average Grant-Date Fair Value
Nonvested at October 30, 2025 (in usd per share) \| $ / shares	$ 50.70

Revenue Recognition and Contracts with Customers - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Contract with customer, liability, revenue recognized	$ 3	$ 45	$ 3
Revenue, remaining performance obligation, amount	$ 2,800
Within One Year
Disaggregation of Revenue [Line Items]
Revenue, remaining performance obligation, percentage	27.00%
Greater Than One Year
Disaggregation of Revenue [Line Items]
Revenue, remaining performance obligation, percentage	73.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 91
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479777/606-10-55-91

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 91
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479777/606-10-55-91

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 91
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479777/606-10-55-91

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 91
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479777/606-10-55-91

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 91
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479777/606-10-55-91

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 91
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479777/606-10-55-91

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 91
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479777/606-10-55-91

+ Details

Postretirement Benefit Plans - Schedule of Funded Status for Pension Plan (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Defined Benefit Plan Disclosure [Line Items]
Noncurrent assets - pension assets	$ 45	$ 0
U.S. Plan
Defined Benefit Plan Disclosure [Line Items]
Noncurrent assets - pension assets	44
Accrued and other current liabilities	0
Other noncurrent liabilities	0
Net amount recognized	44
Non-US Plans
Defined Benefit Plan Disclosure [Line Items]
Noncurrent assets - pension assets	0	0
Accrued and other current liabilities	(5)	(4)
Other noncurrent liabilities	(57)	(57)
Net amount recognized	$ (62)	$ (61)

- Definition

Amount of asset, recognized in statement of financial position, for overfunded defined benefit pension and other postretirement plans.

+ References + Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Debt

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Debt

The following table contains the components of our debt:


	December 31,
	2025		2024
Total debt:
Term Loan Facility due 20321	$	1,000	$	—
5.625% Senior Notes due 2033	1,000		—
Finance lease liabilities2	118		59
	$	2,118	$	59
Less:
Unamortized discount	15		—
Unamortized debt issuance costs	13		—
Current portion of long-term debt and finance lease liabilities, current2	18		22
Total	$	2,072	$	37

__________________

1.See “Senior Credit Facilities” below for information regarding weighted average interest rates for the term loan facility.

2.See Note 10 - Leases for additional information regarding the Company’s finance lease liabilities.

Senior Notes

On September 30, 2025, the Company issued $1.0 billion of 5.625% Senior Notes (the “Notes”) due September 30, 2033. The Notes were sold in private placements to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act. The proceeds of the Notes were held in escrow pending completion of the Spin-off, and such proceeds were released from escrow on October 29, 2025 in connection with the Spin-off.

The Notes are senior unsecured obligations of the Company and are, or will be, guaranteed on a senior unsecured basis by each of the Company’s existing and future domestic subsidiaries that guarantee the Company’s Senior Credit Facilities (described below). The Notes are subject to customary affirmative and negative covenants that limit the Company’s ability and the ability of its restricted subsidiaries to incur or guarantee additional indebtedness; pay dividends or distributions on, or redeem or repurchase, capital stock and make other restricted payments; make investments; consummate certain asset sales; engage in certain transactions with affiliates; grant or assume certain liens; and consolidate, merge or transfer all or substantially all of the Company’s assets.

Senior Credit Facilities

On October 29, 2025, the Company entered into a credit agreement (the “Credit Agreement”), which provides for (i) a seven-year senior secured first-lien term B loan facility in an aggregate principal amount of $1.0 billion (the “Term Loan Facility”) and (ii) a five-year senior secured first-lien revolving credit facility with aggregate commitments of $1.0 billion (the “Revolving Credit Facility” and, together with the Term Loan Facility, the “Credit Facilities”).

The Company also entered into uncommitted bilateral letter of credit agreements, which provide for uncommitted bilateral letter of credit facilities in an aggregate uncommitted amount of $750 million (the “Sidecar LC Facilities”, and together with the Credit Facilities, the “Senior Credit Facilities”).

All obligations under the Senior Credit Facilities are unconditionally guaranteed, jointly and severally, by: (a) the Company and (b) all direct and indirect wholly owned subsidiaries of the Company that are organized under the laws of the United States, any state thereof or the District of Columbia, subject to certain exceptions and limitations (collectively, the “Guarantors”). Subject to certain limitations, the Senior Credit Facilities are secured on a first priority basis by: (x) a perfected security interest in the equity interests of each direct subsidiary of the Company and each Guarantor under the Senior Credit Facilities (subject to certain customary exceptions) and (y) perfected security

interests in, and mortgages on, substantially all tangible and intangible personal property and material real property of the Company and each of the Guarantors under the Senior Credit Facilities, subject, in each case, to certain exceptions.

The Credit Facilities bear interest at the Adjusted Term SOFR rate (“SOFR”) (subject to a 0% floor) plus the applicable SOFR margin.

The applicable margin for the Term Loan Facility is 1.75% per annum (for SOFR loans). The applicable margin for the Revolving Credit Facility varies from 1.50% per annum to 2.00% per annum (for SOFR loans) based on the Company’s Consolidated First Lien Leverage Ratio (as defined in the Credit Agreement). Accordingly, the interest rates for the Credit Facilities will fluctuate during the term of the Credit Agreement based on changes in the SOFR or future changes in the Company’s Consolidated First Lien Leverage Ratio. Interest payments with respect to the Credit Facilities are required at the end of each interest period (for SOFR loans) or, if the duration of the applicable interest period exceeds three months, then every three months.

In addition to paying interest on outstanding borrowings under the Revolving Credit Facility, the Company is required to pay a quarterly commitment fee based on the unused portion of the Revolving Credit Facility, which is determined by the Company’s Consolidated First Lien Leverage Ratio and ranges from 0.25% to 0.35% per annum.

As of December 31, 2025, there were no outstanding borrowings under the Revolving Credit Facility, the interest rate on this facility was 5.59%, and there were $270 million of unused letters of credit under the Sidecar LC Facilities.

The Company may voluntarily prepay borrowings under the Credit Agreement without premium or penalty, subject to a 1.00% prepayment premium in connection with certain repricing transactions with respect to the Term Loan Facility in the first six months after the effective date of the Credit Agreement and customary “breakage” costs with respect to SOFR loans. The Company may also reduce the commitments under the Revolving Credit Facility, in whole or in part, in each case, subject to certain minimum amounts and increments.

The Credit Agreement contains certain affirmative and negative covenants customary for financings of this type that, among other things, limit the Company and its subsidiaries’ ability to incur additional indebtedness or liens, to dispose of assets, to make certain fundamental changes, enter into restrictive agreements, to make certain investments, loans, advances, guarantees and acquisitions, to prepay certain indebtedness and to pay dividends, to make other distributions or redemptions/repurchases, in respect of the Company and its subsidiaries’ equity interests, to engage in transactions with affiliates or amend certain material documents. In addition, the Credit Agreement also contains financial covenants for the benefit of the lenders under the Revolving Credit Facility requiring the maintenance of a Consolidated First Lien Leverage Ratio of not greater than 3.50 to 1.00 (with a temporary step-up following a material acquisition to 4.00 to 1.00), and a Consolidated Interest Coverage Ratio (as defined in the Credit Agreement) of not less than 2.75 to 1.00. As of December 31, 2025, the Company was in compliance with all of the financial covenants required by the Credit Agreement.

The Sidecar LC Facilities provide for maintenance fees which accrue per annum on the aggregate amount of any letter of credit outstanding thereunder, payable quarterly, and fees which range from 0.60% to 0.95%, depending on the issuer and the type of letter of credit. In addition to the maintenance fee, Sidecar LC Facilities also provide for each issuer’s standard fees with respect to the issuance, amendment, renewal or extension of any letter of credit.

Maturities

The following table sets forth the Company’s debt principal maturities for the next five years and thereafter.


2026	$	8
2027	10
2028	10
2029	10
2030	10
Thereafter	1,953
Total	$	2,000

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/470/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

+ Details

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

The following table sets forth the Company’s financial assets and liabilities accounted for at fair value on a recurring basis:


		December 31, 2025				December 31, 2024
	Fair Value Level	Assets		Liabilities		Assets		Liabilities
Product loan receivable	2	$	300	$	—	$	264	$	—
Product loan payable	2	—		300		—		264
Foreign currency exchange contracts1	2	—		—		16		—
Fair Value		$	300	$	300	$	280	$	264

__________________

1.Designated cash flow hedges.

Income Taxes - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
Income Taxes - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Valuation allowance, deferred tax asset, increase, amount	$ 10
Unremitted earnings of foreign subsidiaries	56	$ 44
Unrecognized tax benefits	8	8	$ 8	$ 8
Income tax examination, penalties and interest expense	1	1	1
Income tax examination, penalties and interest accrued	$ 0	$ 1	$ 1

Fair Value Measurements

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Fair Value Measurements

The accounting guidance for fair value measurements and disclosures establishes a three-level fair value hierarchy:

•Level 1 - Inputs are based on quoted prices in active markets for identical assets and liabilities.

•Level 2 - Inputs are based on observable inputs other than quoted prices in active markets for identical or similar assets and liabilities.

•Level 3 - One or more inputs are unobservable and significant.

Financial and nonfinancial assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement.

The following table sets forth the Company’s financial assets and liabilities accounted for at fair value on a recurring basis:


		December 31, 2025				December 31, 2024
	Fair Value Level	Assets		Liabilities		Assets		Liabilities
Product loan receivable	2	$	300	$	—	$	264	$	—
Product loan payable	2	—		300		—		264
Foreign currency exchange contracts1	2	—		—		16		—
Fair Value		$	300	$	300	$	280	$	264

__________________

1.Designated cash flow hedges.

The Company has agreements to lend quantities of uranium ore, which are reflected as product loans receivable, and to borrow quantities of uranium ore, which are reflected as product loans payable. As both the loans receivable and loans payable may be settled in cash, they are both separately measured on a quarterly basis at fair value which is derived using underlying uranium ore published industry average prices. As such, these instruments are classified within Level 2.

The Company values foreign currency exchange contracts using broker quotations, or market transactions in either the listed or over-the-counter markets. As such, these derivative instruments are classified within Level 2. Through the Spin-off date, the Company used foreign currency exchange forward contracts to hedge foreign currency exposure under Honeywell’s hedging programs. For the contracts designated as cash flow hedges, the Company records changes in fair value of the derivatives in Accumulated other comprehensive loss and subsequently recognized in earnings when the hedged items impact earnings. For contracts not designated as hedges, the Company records the changes in fair value in the Consolidated Statements of Operations based on the nature of the derivative contract and the underlying item. Derivative assets are presented in Other current assets. Derivative liabilities are presented in Accrued and other current liabilities. In connection with the Spin-off, the Company settled its foreign currency exchange forward contracts under the Honeywell hedging programs and held no foreign exchange contracts as of December 31, 2025. As of December 31, 2024, the Company held contracts with notional amounts of $741 million to exchange foreign currencies.

The fair value of the Company’s outstanding debt (excluding finance lease liabilities) is estimated using quoted market prices for the same or similar debt issuances, which is a Level 2 measurement. The Company’s outstanding debt (excluding finance lease liabilities) had a carrying value and an estimated fair value of $2.0 billion as of December 31, 2025. See Note 11 - Debt for additional information.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

Stockholders’ Equity

12 Months Ended

Dec. 31, 2025

Stockholders' Equity Note [Abstract]

Stockholders’ Equity

Authorized Capital Stock

The Company’s authorized capital stock consists of 500,000,000 shares of common stock, par value $0.01 per share, and 10,000,000 shares of preferred stock, without par value.

The following table sets forth the changes in the number of shares of common stock outstanding during the year ended December 31, 2025.


			Common Stock Outstanding (in millions)
Balance as of January 1, 2025			—
Common stock issued			158.7
Common stock acquired			—
Balance as of December 31, 2025			158.7

Accumulated Other Comprehensive Loss

The changes in Accumulated other comprehensive loss are provided in the table below.


	Pretax		Tax		After Tax
Year Ended December 31, 2023
Foreign exchange translation adjustment	$	7	$	—	$	7
Pension adjustments	(3)		1		$	(2)
Changes in fair value of effective cash flow hedges	9		(1)		$	8
Total net current period other comprehensive income (loss)	$	13	$	—	$	13
Year Ended December 31, 2024
Foreign exchange translation adjustment	$	(62)	$	—	$	(62)
Pension adjustments	(6)		2		$	(4)
Changes in fair value of effective cash flow hedges	13		(2)		$	11
Total net current period other comprehensive income (loss)	$	(55)	$	—	$	(55)
Year Ended December 31, 2025
Foreign exchange translation adjustment	$	98	$	—	$	98
Pension adjustments	(7)		4		$	(3)
Changes in fair value of effective cash flow hedges	(11)		2		$	(8)
Total net current period other comprehensive income (loss)	$	80	$	6	$	86

Components of Accumulated Other Comprehensive Loss


	December 31,
	2025		2024
Cumulative foreign exchange translation adjustment	$	(120)	$	(218)
Pension and other postretirement benefit adjustments	(8)		(5)
Fair value adjustments of cash flow hedges	2		10
Total Accumulated other comprehensive loss	$	(127)	$	(213)

Changes in Accumulated Other Comprehensive Loss by Component


	Foreign Exchange Translation Adjustment		Pension Adjustments		Changes in Fair Value of Cash Flow Hedges		Total
Balance as of January 1, 2023	$	(163)	$	1	$	(9)	$	(171)
Other comprehensive income (loss) before reclassifications	7		(2)		10		$	15
Amounts reclassified from accumulated other comprehensive loss	—		—		(2)		(2)
Net current period other comprehensive income (loss)	7		(2)		8		13
Balance as of December 31, 2023	$	(156)	$	(1)	$	(1)	$	(158)
Other comprehensive income (loss) before reclassifications	(62)		(4)		20		$	(46)
Amounts reclassified from accumulated other comprehensive loss	—		—		(9)		(9)
Net current period other comprehensive income (loss)	(62)		(4)		11		(55)
Balance as of December 31, 2024	$	(218)	$	(5)	$	10	$	(213)
Other comprehensive income (loss) before reclassifications	98		(3)		(4)		$	91
Amounts reclassified from accumulated other comprehensive loss	—		—		(5)		(5)
Net current period other comprehensive income (loss)	98		(3)		(8)		86
Balance as of December 31, 2025	$	(120)	$	(8)	$	2	$	(127)

Amounts reclassified out of Accumulated other comprehensive loss related to pension adjustments are included within Other expense (income) in the Consolidated Statements of Operations. Amounts reclassified out of Accumulated other comprehensive loss related to cash flow hedges are included within Net sales or Cost of products and services sold in the Consolidated Statements of Operations, depending on the nature of the underlying transaction being hedged.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478448/946-505-50-6

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480237/815-40-50-6

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/505/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 16
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-16

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-18

+ Details

Summary of Significant Accounting Policies - SCF programs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Supplier Finance Program, Obligation [Roll Forward]
Confirmed obligations outstanding at the beginning of the year	$ 96	$ 72
Invoices confirmed during the year	270	198
Less: Confirmed invoices paid during the year	268	174
Confirmed obligations outstanding at the end of the year	$ 98	$ 96
Supplier Finance Program, Obligation, Statement of Financial Position [Extensible Enumeration]	Accounts payable

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Deferred tax assets
Pension	$ 7	$ 7
Other accruals and reserves	27	29
Environmental reserves	12	14
Lease liabilities	59	38
Capitalized research & development	0	48
Other	17	11
Gross deferred tax assets	122	147
Valuation allowance	(10)	0
Total deferred tax assets	112	147
Deferred tax liabilities
Pension	(9)	0
Right-of-use assets	(68)	(47)
Outside basis difference	(2)	(9)
Intangible assets	(15)	(26)
Unremitted earnings of foreign subsidiaries	(56)	(44)
Property, plant and equipment	(189)	(197)
Total deferred tax liabilities	(339)	(323)
Net deferred tax liability	$ (227)	$ (176)

Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Unrecognized Tax Benefits [Roll Forward]
Balance at beginning of year	$ 8	$ 8	$ 8
Gross increases related to current period tax positions	1	1	1
Gross increases related to prior period tax positions	2	0	0
Settlements	(1)	0	0
Foreign currency translation	1	0	0
Settled with Parent through Net Parent investment	(3)	(1)	(1)
Balance at end of year	$ 8	$ 8	$ 8

Debt (Tables)

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Schedule of Debt

The following table contains the components of our debt:


	December 31,
	2025		2024
Total debt:
Term Loan Facility due 20321	$	1,000	$	—
5.625% Senior Notes due 2033	1,000		—
Finance lease liabilities2	118		59
	$	2,118	$	59
Less:
Unamortized discount	15		—
Unamortized debt issuance costs	13		—
Current portion of long-term debt and finance lease liabilities, current2	18		22
Total	$	2,072	$	37

__________________

1.See “Senior Credit Facilities” below for information regarding weighted average interest rates for the term loan facility.

2.See Note 10 - Leases for additional information regarding the Company’s finance lease liabilities.

Schedule of Maturities of Long-Term Debt

The following table sets forth the Company’s debt principal maturities for the next five years and thereafter.


2026	$	8
2027	10
2028	10
2029	10
2030	10
Thereafter	1,953
Total	$	2,000

Segment Financial Data - Total Assets and Capital Expenditures Reconciliation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Total assets reconciliation	$ 5,673	$ 5,004
Capital expenditures	408	296	$ 299
Corporate and All Other
Segment Reporting Information [Line Items]
Total assets reconciliation	712	655
Capital expenditures	3	5	4
Refrigerants & Applied Solutions \| Operating Segments
Segment Reporting Information [Line Items]
Total assets reconciliation	3,490	3,157
Capital expenditures	232	228	234
Electronic & Specialty Materials \| Operating Segments
Segment Reporting Information [Line Items]
Total assets reconciliation	1,471	1,192
Capital expenditures	$ 173	$ 63	$ 61

- Definition

Amount of asset recognized for present right to economic benefit.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478671/942-235-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-28

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 480
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 64
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481620/480-10-55-64

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-14

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-11

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 48
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-48

Reference 10: http://www.xbrl.org/2003/role/exampleRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 49
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482785/280-10-55-49

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482964/270-10-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (ee)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 13: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-32

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (bb)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481203/810-10-50-3

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 25
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-25

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 19: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 20: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-12

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(12))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(8))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(18))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 25: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 26: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1A

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480097/470-10-S99-1B

Reference 35: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481404/852-10-50-7

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

Reference 37: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(11))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

+ Details

Postretirement Benefit Plans

12 Months Ended

Dec. 31, 2025

Retirement Benefits [Abstract]

Postretirement Benefit Plans

For periods prior to the Spin-off, certain employees of the Solstice Advanced Materials Business participated in U.S. pension plans sponsored by Honeywell. For the purposes of the Consolidated Financial Statements, the Company accounted for these plans as multiemployer plans as they are not sponsored by the Business. Therefore, the related assets and liabilities were not reflected in the Consolidated Balance Sheets. The Consolidated Statements of Operations reflect a proportionate allocation of $2 million, $3 million, and $3 million for the years ended December 31, 2025, 2024 and 2023, respectively, related to service costs for the multiemployer plans associated with the Solstice Advanced Materials Business’ employees.

Following the Spin-off, the Company sponsors a defined benefit pension plan for these U.S. employees, with benefit obligations and corresponding assets transferred, as part of the Spin-off, from the Honeywell plans in which these employees participated. For all periods, the Company has also sponsored an unfunded defined benefit pension plan in Germany, which is closed to new participants.

The following table presents the components of net periodic benefit cost for the retirement-related benefit plans recognized in the Consolidated Statements of Operations:


					For The Year Ended December 31, 2025
U.S. Plan1
Service Cost					$	—
Interest Cost					1
Expected return on assets					(2)
Amortization of unrecognized prior service cost					—
Total net periodic benefit income - U.S. Plan					$	(1)

	For The Year Ended December 31,
	2025		2024		2023
Non-U.S. Plans
Interest cost	$	2	$	2	$	2

Total net periodic benefit cost - Non-U.S. Plans	$	2	$	2	$	2

The following tables summarize the consolidated balance sheet impact, including the benefit obligations, assets, and funded status associated with the Company’s significant pension plans:


	U.S. Plan1		Non-U.S. Plans
	December 31,		December 31,
	2025			2025		2024
Change in benefit obligation
Benefit obligation beginning balance	$	106		$	61	$	62
Interest cost	1			2		2
Changes in financial assumptions (gain) loss	—			(2)		(1)
Actuarial loss	—			—		4
Benefits paid	—			(3)		(3)
Other, including currency impact	—			4		(3)
Benefit obligation ending balance	108			62		61
Amounts recognized in the Consolidated Balance Sheets consist of
Other noncurrent assets	44			—		—
Accrued and other current liabilities	—			(5)		(4)
Other noncurrent liabilities	—			(57)		(57)
Net amount recognized	44			(62)		(61)
Amounts recognized in Accumulated other comprehensive loss:
Net actuarial (gain) loss	13			(3)		6
Net amount recognized	$	13		$	(3)	$	6










Accumulated benefit obligation	$	106		$	62	$	61

__________________

Information for funded status of pension plans is shown below:


	U.S. Plan1		Non-U.S. Plans
	December 31,		December 31,
	2025			2025		2024
Noncurrent assets - pension assets	$	44		$	—	$	—
Current liabilities – accrued compensation and benefits	—			(5)		(4)
Noncurrent liabilities – retirement benefit obligations	—			(57)		(57)
Funded status	$	44		$	(62)	$	(61)

Net periodic pension expense (benefit) for the years ended December 31, 2025, 2024 and 2023 was not significant. Other changes in benefit obligations recognized in Other comprehensive (loss) income are as follows:


					For The Year Ended December 31, 2025
U.S. Plan1
Net actuarial (gain) loss arising the during period					$	13
Amortization of prior actuarial (gains) losses					—
Total recognized in other comprehensive loss (income)					13
Net recognized in net periodic pension expense (benefit) and other comprehensive loss					$	12

	For The Years Ended December 31,
	2025		2024		2023
Non-U.S. Plans
Net actuarial (gain) loss arising the during period	$	(3)	$	6	$	3

Total recognized in other comprehensive loss (income)	(3)		6		3
Net recognized in net periodic pension expense (benefit) and other comprehensive loss	$	(2)	$	8	$	5

__________________

Significant actuarial assumptions used in determining the benefit obligation and net periodic pension expense (benefit) for pension plans are presented in the following table as weighted averages:


	U.S. Plan1		Non-U.S. Plans
	2025		2025		2024		2023
Actuarial assumptions used to determine benefit obligations
Discount rate	5.3	%	4.1	%	3.4	%	3.3	%
Salary scale	—	%	2.6	%	2.8	%	2.8	%
Actuarial assumptions used to determine net periodic benefit income
Discount rate - benefit obligation	5.2	%	4.1	%	3.3	%	3.3	%
Discount rate - service cost	5.1	%	—	%	—	%	—	%
Discount rate - interest cost	4.6	%	—	%	—	%	—	%
Expected rate of return on plan assets	7.3	%	—	%	—	%	—	%
Salary scale	—	%	2.6	%	2.8	%	2.8	%

__________________

The weighted-average discount rates used to measure pension benefit obligations and net costs are set by reference to specific analyses using each plan’s specific cash flows and high-quality bond indices to assess reasonableness. For significant plans, the Company utilizes a full yield curve approach in the estimation of the service cost and interest cost components by applying the specific spot rates along the yield curve used in determination of the benefit obligation to the relevant projected cash flows.

Expected benefit payments due to the plan participants for the following years are shown in the table below.


	U.S. Plan		Non-US Plans
2026	$	16	$	5
2027	14		4
2028	12		4
2029	10		4
2030	10		4
2031-2035	38		—

Benefits paid for the Non-U.S. plans in the years ended December 31, 2025, 2024 and 2023 were approximately $3 million, $3 million and $3 million, respectively.

Plan Assets and Fair Value Measurements

The following table presents the Company’s U.S. defined benefit pension plans’ asset classes and their associated fair value at December 31, 2025:


		December 31,
	Fair Value Level	2025

Cash and short-term investments	1	$	120



Equity securities	1	16
Asset transfer due from Honeywell	N/A	15



Fair value of plan assets		$	151

Cash and Short-term Investments

Cash includes money market accounts that are valued at their cost plus interest on a daily basis, which approximates fair value. Short-term investments represent securities with original maturities of one year or less. These assets are generally classified as Level 1.

Equity Securities

Equity securities are valued at the closing price reported on the stock exchange on which the individual securities are traded. Mutual funds are typically valued based on quoted market prices. These assets are generally classified as Level 1.

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (p)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480266/715-60-50-3

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480126/715-20-S99-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480794/715-70-50-1

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480482/715-20-55-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/715/tableOfContent

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480506/715-20-50-1

+ Details

Segment Financial Data (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

The below table summarizes information about significant segment expenses and other segment items, for each historical period:


	Years Ended December 31,
	2025				2024				2023
	Refrigerants & Applied Solutions		Electronic & Specialty Materials		Refrigerants & Applied Solutions		Electronic & Specialty Materials		Refrigerants & Applied Solutions		Electronic & Specialty Materials
Net sales
Products	$	2,490	$	1,097	$	2,404	$	1,049	$	2,404	$	1,020
Services	299		—		317		—		225		—
Total Net sales	2,789		1,097		2,721		1,049		2,629		1,020
Less
Cost of products and services sold1	1,792		842		1,678		784		1,591		773
Selling, general and administrative expenses2	133		74		124		77		126		77
Research & development expenses	60		36		48		33		49		31
Other segment items3	(10)		(8)		(12)		(7)		(13)		(4)
Add
Depreciation	143		47		137		37		116		49
Amortization	23		4		38		2		47		3
Segment Adjusted EBITDA	$	981	$	203	$	1,058	$	201	$	1,039	$	195

__________________

1.Amounts exclude ARO accretion, repositioning charges, and other non-recurring items.

2.Amounts exclude stock compensation expense, transaction costs, pension and other postretirement income (expense), repositioning charges, and other non-recurring items.

3.Other segment items primarily consisted of gains and losses from segment-related equity-method investments.

A reconciliation of Segment adjusted EBITDA to Net income attributable to Solstice Advanced Materials is as follows:


	Year Ended December 31,
	2025		2024		2023
Refrigerants & Applied Solutions	$	981	$	1,058	$	1,039
Electronic & Specialty Materials	203		201		195
Segment Adjusted EBITDA	$	1,184	$	1,259	$	1,234
Corporate and All Other	(184)		(161)		(144)
Adjusted EBITDA	$	1,000	$	1,098	$	1,090
Depreciation	(191)		(175)		(170)
Amortization	(29)		(42)		(51)
Interest and other financial charges	(28)		(13)		(16)
Other adjustments1	38		(28)		(21)
Stock compensation expense	(27)		(17)		(18)
Transaction-related costs	(117)		(26)		(1)
Income tax expense	(362)		(192)		(195)
Net income	$	285	$	605	$	619
Less: Net income (loss) attributable to noncontrolling interest	48		11		(2)
Net income attributable to Solstice Advanced Materials	$	237	$	594	$	621

__________________

Schedule of Segment Reporting Information, by Segment


	December 31,
	2025		2024
Total assets reconciliation
Refrigerants & Applied Solutions	$	3,490	$	3,157
Electronic & Specialty Materials	1,471		1,192
Corporate and All Other	712		655
Total assets	$	5,673	$	5,004


	December 31,
	2025		2024		2023
Capital expenditures
Refrigerants & Applied Solutions	$	232	$	228	$	234
Electronic & Specialty Materials	173		63		61
Corporate and All Other	3		5		4
Total1	$	408	$	296	$	299

__________________

1.Balance inclusive of unpaid capital expenditures of $111 million, $39 million and $54 million as of December 31, 2025, 2024 and 2023, respectively.

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas


	Net Sales1						Long-lived Assets2
	Years Ended December 31,						Years Ended December 31,
	2025		2024		2023		2025		2024		2023
United States	$	2,234	$	2,285	$	2,205	$	1,756	$	1,564	$	1,454
Europe, Middle East and Africa	922		886		859		228		118		117
Other International	730		599		585		71		64		67
Total	$	3,886	$	3,770	$	3,649	$	2,055	$	1,746	$	1,638

__________________

2.Long-lived assets are comprised of Property, plant and equipment – net.

Summary of Significant Accounting Policies - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Oct. 30, 2025
Property, Plant and Equipment [Line Items]
Business combination, measurement period, maximum	1 year
Goodwill and intangible asset impairment	$ 0	$ 0	$ 0
Shares issued (in shares)	158,747,196	0		158,727,456
Shares outstanding (in shares)	158,747,196	0		158,727,456
Stock Options
Property, Plant and Equipment [Line Items]
Award vesting period	4 years
Award expiration period	10 years
Uranium Ore
Property, Plant and Equipment [Line Items]
Product loans receivable	$ 300,000,000	$ 300,000,000
Product loans payable	264,000,000	264,000,000
Uranium Hexafluoride
Property, Plant and Equipment [Line Items]
Product loans payable	$ 36,000,000	$ 29,000,000
Minimum
Property, Plant and Equipment [Line Items]
Major maintenance cost, amortization period	1 year
Supplier finance program, payment timing, period	30 days
Minimum \| Restricted Stock Units (RSUs)
Property, Plant and Equipment [Line Items]
Award vesting period	3 years
Minimum \| Customer Lists, Technology and Patents
Property, Plant and Equipment [Line Items]
Finite-lived intangible asset, useful life	2 years
Minimum \| Building and Building Improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	10 years
Minimum \| Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Maximum
Property, Plant and Equipment [Line Items]
Major maintenance cost, amortization period	5 years
Supplier finance program, payment timing, period	180 days
Maximum \| Restricted Stock Units (RSUs)
Property, Plant and Equipment [Line Items]
Award vesting period	4 years
Maximum \| Customer Lists, Technology and Patents
Property, Plant and Equipment [Line Items]
Finite-lived intangible asset, useful life	20 years
Maximum \| Building and Building Improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	50 years
Maximum \| Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	16 years

Business Overview and Basis of Presentation	12 Months Ended
Business Overview and Basis of Presentation	Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business Overview and Basis of Presentation	Business Overview and Basis of Presentation About the Business Solstice Advanced Materials Inc. (“Solstice,” the “Business” or the “Company”) is a global specialty chemicals and advanced materials company with leading positions in refrigerants, semiconductor materials, protective fibers, and healthcare packaging. Prior to October 30, 2025, the Company was wholly owned by Honeywell International Inc. (“Honeywell” or “Parent”). On October 8, 2024, Honeywell announced its plan to spin off its Advanced Materials business into an independent, U.S. publicly traded company through a pro rata distribution of all of the outstanding common shares of Solstice Advanced Materials to Honeywell shareowners (the “Spin-off”) that would be tax-free for U.S. federal tax purposes. On October 30, 2025, the Spin-off was consummated by means of a pro-rata distribution (the “Distribution”), which was intended to be tax-free for U.S. federal tax purposes, of all of the issued and outstanding Solstice Advanced Materials common shares to Honeywell’s shareowners of record as of October 17, 2025 (the “Record Date”), at which time each holder of Honeywell's common shares received one Solstice Advanced Materials common share for every four Honeywell common shares held as of the close of business on the Record Date, resulting in the Distribution of 158,727,456 of the Company’s common shares to Honeywell shareowners. Upon completion of the Distribution, on October 30, 2025, the Company commenced “regular way” trading as an independent public company under the ticker symbol “SOLS” on The Nasdaq Stock Market (“Nasdaq”). Following the Distribution, Honeywell does not beneficially own any Solstice Advanced Materials common shares. Basis of Presentation We prepare our consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (“GAAP”) pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Prior to October 30, 2025 (“the Spin-off date”), the accompanying combined financial statements as of December 31, 2024 and for the years ended December 31, 2024 and 2023 and the consolidated financial statements as of and for the year ended December 31, 2025 (the “financial statements”) of the Company were derived from the consolidated financial statements and accounting records of Honeywell and presented on a standalone basis as if the Company’s operations had been conducted independently from Honeywell. The accompanying financial statements for periods prior to the Spin-off date include all revenues and costs directly attributable to the Solstice Advanced Materials business and an allocation of expenses related to certain Honeywell corporate functions. These expenses were allocated to the Solstice business based on a proportion of net sales. Solstice and Honeywell considered these allocations to be a reasonable reflection of the utilization of services or the benefits received. However, the allocations may not be indicative of the actual expense that would have been incurred had Solstice operated as an independent, standalone entity, nor are they indicative of future expenses of Solstice. All significant intercompany balances between Solstice and Honeywell prior to the Spin-off were included within Net Parent investment on the accompanying financial statements. Honeywell used a centralized approach to cash management and financing of its operations. Accordingly, for periods prior to the Spin-off, a substantial portion of the Business’ cash accounts were regularly cleared to the former Parent at Honeywell’s discretion and Honeywell funded the Business’s operating and investing activities as needed. Transfers of cash between Honeywell and the Business were included within Net transfers to Parent on the statements of cash flows and the statements of equity through the pre-Spin-off periods. Honeywell’s long-term debt and related interest expense were not attributed to Solstice for any of the periods presented as the Business was not the legal obligor of such borrowings and Honeywell’s borrowings were not directly attributable to the Business. After the Spin-off date, the Company’s financial statements from the Spin-off date through December 31, 2025, were consolidated financial statements based on our reported results as a standalone company. All significant transactions between Solstice entities were eliminated. The accompanying financial statements for all periods presented, including the historical results of the Company prior to the Spin-off, are now referred to as “Consolidated Financial Statements.” Within the financial statements and tables presented, certain columns and rows may not add due to the use of rounded numbers for presentation and disclosure purposes. Percentages presented are calculated from the underlying whole-dollar amounts. Certain items have been recast to conform to current-period presentation.

Revenue Recognition and Contracts with Customers - Schedule of Contract Balances (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Contract assets	$ 39	$ 51	$ 26
Change in Contract assets - (decrease) increase	(12)	25
Contract liabilities	(41)	(39)	(59)
Change in Contract liabilities - (increase) decrease	(2)	20	$ (53)
Net change	$ (14)	$ 45

Segment Financial Data - Summary of Segment Revenues, Expenses and Other (Details) - USD ($)
$ in Millions

12 Months Ended

Dec. 31, 2025

Dec. 31, 2024

Dec. 31, 2023

Net sales

Net sales

$ 3,886

$ 3,770

$ 3,649

Less

Total cost of products and services sold

2,636

2,464

2,366

Selling, general and administrative expenses

421

392

378

Research and development expenses

Other segment items

(38)

Add

Depreciation

191

175

170

Amortization

Refrigerants & Applied Solutions

Net sales

Net sales

2,789

2,721

2,629

Less

Total cost of products and services sold

1,792

1,678

1,591

Selling, general and administrative expenses

133

124

126

Research and development expenses

Other segment items

(10)

(12)

(13)

Add

Depreciation

143

137

116

Amortization

Segment Adjusted EBITDA

981

1,058

1,039

Electronic & Specialty Materials

Net sales

Net sales

1,097

1,049

1,020

Less

Total cost of products and services sold

842

784

773

Selling, general and administrative expenses

Research and development expenses

Other segment items

(8)

(7)

(4)

Add

Depreciation

Amortization

Segment Adjusted EBITDA

203

201

195

Products

Net sales

Net sales

^[1]

3,587

3,453

3,424

Less

Total cost of products and services sold

^[2]

2,419

2,214

2,149

Products | Refrigerants & Applied Solutions

Net sales

Net sales

2,490

2,404

Products | Electronic & Specialty Materials

Net sales

Net sales

1,097

1,049

1,020

Services

Net sales

Net sales

^[3]

299

317

225

Less

Total cost of products and services sold

217

250

217

Services | Refrigerants & Applied Solutions

Net sales

Net sales

299

317

225

Services | Electronic & Specialty Materials

Net sales

Net sales

$ 0

[1]	Product sales include related party product sales of $91 million, $95 million, and $111 million, for the years ended December 31, 2025, 2024, and 2023, respectively.
[2]	Cost of products sold include related party cost of products sold of $12 million, $15 million, and $21 million, for the years ended December 31, 2025, 2024, and 2023, respectively.
[3]	Service sales include related party service sales of $0 million, $30 million, and $0 million, for the years ended December 31, 2025, 2024, and 2023, respectively.

Inventories

12 Months Ended

Dec. 31, 2025

Inventory Disclosure [Abstract]

Inventories

The Company’s inventories are comprised of the following:


	December 31,
	2025		2024
Raw materials	$	71	$	67
Work in process	239		193
Finished products	405		298
Total Inventories	$	715	$	558

Inventory reserves totaled $8 million and $14 million at December 31, 2025 and 2024, respectively, and are included within the table above.

Stock-Based Compensation Plans - Schedule of Stock Option Activity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	2 Months Ended
	Dec. 31, 2025	Oct. 30, 2025
Number of Units (in thousands)
Outstanding at October 30, 2025 (in shares)	553
Granted (in shares)	0
Exercised (in shares)	0
Forfeited or expired (in shares)	0
Outstanding at December 31, 2025 (in shares)	553
Weighted- Average Exercise Price (per share)
Options outstanding, Weighted average exercise price per share (in usd per share)	$ 47.94	$ 47.94
Stock Options Additional Disclosures
Options outstanding, Weighted average remaining contractual term	8 years 2 months 12 days
Options outstanding, Aggregate intrinsic value	$ 780

Leases - Schedule of Components of Lease Cost (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease cost	$ 32	$ 36	$ 24
Short-term lease cost	0	0	2
Finance lease cost:
Depreciation of right-of-use assets	23	18	20
Interest on lease liability	4	10	17
Total finance lease cost	27	28	37
Total lease cost	$ 59	$ 64	$ 63

Other Noncurrent Assets - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Depreciation, depletion and amortization	$ 24	$ 39	$ 48

- Definition

The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets.

+ References + Details

Investments - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
Investments - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 162	$ 146
Asahi-Schwebel JV
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 34	29
Equity method investment, ownership percentage	49.00%
Quimobásicos JV
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 25	26
Equity method investment, ownership percentage	49.00%
ConverDyn \| ConverDyn \| Variable Interest Entity, Primary Beneficiary
Schedule of Equity Method Investments [Line Items]
Variable interest entity, qualitative or quantitative information, ownership percentage	50.00%
Sinochem Lantian New Materials Co., Ltd.
Schedule of Equity Method Investments [Line Items]
Equity method investments	$ 103	$ 91

Segment Financial Data - Reconciliation of Sales and EBITDA (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Adjusted EBITDA	$ 1,000	$ 1,098	$ 1,090
Depreciation	(191)	(175)	(170)
Amortization	(29)	(42)	(51)
Interest and other financial charges	(28)	(13)	(16)
Other segment items	38	(28)	(21)
Stock compensation expense	(27)	(17)	(18)
Transaction-related costs	(117)	(26)	(1)
Income tax expense	(362)	(192)	(195)
Net income	285	605	619
Less: Net income (loss) attributable to noncontrolling interest	48	11	(2)
Net income attributable to Solstice Advanced Materials	237	594	621
Operating Segments
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA	1,184	1,259	1,234
Corporate and All Other
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA	(184)	(161)	(144)
Refrigerants & Applied Solutions
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA	981	1,058	1,039
Depreciation	(143)	(137)	(116)
Amortization	(23)	(38)	(47)
Other segment items	10	12	13
Refrigerants & Applied Solutions \| Operating Segments
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA	981	1,058	1,039
Electronic & Specialty Materials
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA	203	201	195
Depreciation	(47)	(37)	(49)
Amortization	(4)	(2)	(3)
Other segment items	8	7	4
Electronic & Specialty Materials \| Operating Segments
Segment Reporting Information [Line Items]
Segment Adjusted EBITDA	$ 203	$ 201	$ 195