Chemours Co
For the period ended Sep 30, 2024. Filed Nov 4, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 4, 2024
CC$13.48+1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Interim Consolidated Statements of Comprehensive Income (Unaudited)
(Dollars in millions)
| Three Months Ended September 30, | |||||||
|---|---|---|---|---|---|---|---|
| 2024 · 2023 | |||||||
| Pre-tax · Tax · After-tax · Pre-tax · Tax · After-tax | |||||||
| Net income (loss) | $(27) | $12 | |||||
| Other comprehensive income (loss): | |||||||
| Hedging activities: | |||||||
| Unrealized (loss) gain on net investment hedge | $(38) | $9 | (29) | $35 | $(8) | 27 | |
| Unrealized (loss) gain on cash flow hedge | (12) | 3 | (9) | 7 | (1) | 6 | |
| Reclassifications to net income - cash flow hedge | (1) | — | (1) | 1 | — | 1 | |
| Hedging activities, net | (51) | 12 | (39) | 43 | (9) | 34 | |
| Cumulative translation adjustment | 36 | — | 36 | (80) | — | (80) | |
| Defined benefit plans: | |||||||
| Additions to accumulated other comprehensive income (loss): | |||||||
| Net loss | (2) | 1 | (1) | (1) | — | (1) | |
| Curtailment gain | — | — | — | 10 | (1) | 9 | |
| Effect of foreign exchange rates | (3) | — | (3) | 4 | — | 4 | |
| Reclassifications to net income: | |||||||
| Amortization of actuarial loss | 2 | — | 2 | 3 | (1) | 2 | |
| Amortization of prior service gain | — | — | — | (1) | — | (1) | |
| Settlement gain | (1) | — | (1) | — | — | — | |
| Defined benefit plans, net | $(4) | $1 | (3) | $15 | $(2) | 13 | |
| Other comprehensive loss | (6) | (33) | |||||
| Comprehensive loss | (33) | (21) | |||||
| Comprehensive loss attributable to Chemours | $(33) | $(21) | |||||
| Nine Months Ended September 30, | |||||||
| 2024 · 2023 | |||||||
| Pre-tax · Tax · After-tax · Pre-tax · Tax · After-tax | |||||||
| Net income (loss) | $94 | $(219) | |||||
| Other comprehensive income (loss): | |||||||
| Hedging activities: | |||||||
| Unrealized (loss) gain on net investment hedge | $(11) | $3 | (8) | $13 | $(3) | 10 | |
| Unrealized gain on cash flow hedge | — | — | — | 5 | (1) | 4 | |
| Reclassifications to net income - cash flow hedge | (3) | 1 | (2) | (9) | 1 | (8) | |
| Hedging activities, net | (14) | 4 | (10) | 9 | (3) | 6 | |
| Cumulative translation adjustment | (71) | — | (71) | 9 | — | 9 | |
| Defined benefit plans: | |||||||
| Additions to accumulated other comprehensive income (loss): | |||||||
| Net gain (loss) | 1 | — | 1 | (1) | — | (1) | |
| Curtailment gain | — | — | — | 10 | (1) | 9 | |
| Effect of foreign exchange rates | (1) | — | (1) | 2 | — | 2 | |
| Reclassifications to net income: | |||||||
| Amortization of actuarial loss | 6 | (1) | 5 | 7 | (2) | 5 | |
| Amortization of prior service gain | (1) | — | (1) | (2) | — | (2) | |
| Settlement gain | (2) | — | (2) | — | — | — | |
| Defined benefit plans, net | $3 | $(1) | 2 | $16 | $(3) | 13 | |
| Other comprehensive (loss) income | (79) | 28 | |||||
| Comprehensive income (loss) | 15 | (191) | |||||
| Less: Comprehensive income attributable to non-controlling interests | — | 1 | |||||
| Comprehensive income (loss) attributable to Chemours | $15 | $(192) | |||||
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