Chemours Co. Files 2023 10-K
Ticker: CC · Form: 10-K · Filed: 2024-03-27T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, annual-report, chemicals
TL;DR
Chemours dropped its 2023 10-K. Full financials and outlook inside.
AI Summary
Chemours Co. filed its 2023 10-K on March 27, 2024, reporting on its fiscal year ending December 31, 2023. The company, headquartered in Wilmington, DE, operates in the Chemicals & Allied Products sector. Key financial details and operational highlights for the year are presented in this comprehensive filing.
Why It Matters
This filing provides investors and stakeholders with a detailed overview of Chemours' financial performance, strategic initiatives, and risk factors for the fiscal year 2023, crucial for understanding the company's current standing and future outlook.
Risk Assessment
Risk Level: medium — The filing likely contains details on environmental liabilities, market fluctuations, and competitive pressures inherent to the chemical industry, which can pose significant risks.
Key Numbers
- 1007 Market Street — Business Address (Physical location of Chemours' headquarters)
- 302 773 1000 — Business Phone (Contact number for Chemours)
Key Players & Entities
- Chemours Co. (company) — Filer of the 10-K
- 20231231 (date) — Fiscal year end date
- 20240327 (date) — Filing date
- Wilmington, DE (location) — Company headquarters
- CHEMICALS & ALLIED PRODUCTS [2800] (industry) — Company's Standard Industrial Classification
FAQ
What were Chemours' total revenues for the fiscal year ending December 31, 2023?
The filing does not explicitly state the total revenues in the provided snippet, but it is a key figure within the full 10-K document.
What is the company's primary business segment?
Chemours Co. operates within the CHEMICALS & ALLIED PRODUCTS sector, as indicated by its SIC code [2800].
When was the company formerly known as Chemours Company, LLC?
The company's name changed from Chemours Company, LLC on December 5, 2014.
What is the SEC file number for this 10-K filing?
The SEC file number for this 10-K filing is 001-36794.
Where is Chemours Co. incorporated?
Chemours Co. is incorporated in Delaware (DE).
From the Filing
0000950170-24-037171.txt : 20240327 0000950170-24-037171.hdr.sgml : 20240327 20240327160825 ACCESSION NUMBER: 0000950170-24-037171 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 206 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240327 DATE AS OF CHANGE: 20240327 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Chemours Co CENTRAL INDEX KEY: 0001627223 STANDARD INDUSTRIAL CLASSIFICATION: CHEMICALS & ALLIED PRODUCTS [2800] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 464845564 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36794 FILM NUMBER: 24790659 BUSINESS ADDRESS: STREET 1: 1007 MARKET STREET CITY: WILMINGTON STATE: DE ZIP: 19801 BUSINESS PHONE: 302 773 1000 MAIL ADDRESS: STREET 1: 1007 MARKET STREET CITY: WILMINGTON STATE: DE ZIP: 19801 FORMER COMPANY: FORMER CONFORMED NAME: Chemours Company, LLC DATE OF NAME CHANGE: 20141205 10-K 1 cc-20231231.htm 10-K 10-K FY 0001627223 false P5Y P2Y P1Y P1Y P1Y P1Y http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2023#PropertyPlantAndEquipmentNet http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#DebtCurrent http://fasb.org/us-gaap/2023#DebtCurrent http://fasb.org/us-gaap/2023#LongTermDebtNoncurrent http://fasb.org/us-gaap/2023#LongTermDebtNoncurrent http://fasb.org/us-gaap/2023#DebtCurrent http://fasb.org/us-gaap/2023#DebtCurrent May 31, 2027 May 31,2026 November 30, 2028 http://fasb.org/us-gaap/2023#AccruedEnvironmentalLossContingenciesCurrent http://fasb.org/us-gaap/2023#AccruedEnvironmentalLossContingenciesCurrent http://fasb.org/us-gaap/2023#AccruedEnvironmentalLossContingenciesNoncurrent http://fasb.org/us-gaap/2023#AccruedEnvironmentalLossContingenciesNoncurrent http://www.chemours.com/20231231#RestructuringChargesAssetRelatedAndOtherCharges http://www.chemours.com/20231231#RestructuringChargesAssetRelatedAndOtherCharges http://www.chemours.com/20231231#RestructuringChargesAssetRelatedAndOtherCharges December 2026 1.5 1.5 http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense 0001627223 cc:OnSiteSurfaceWaterAndGroundwaterRemediationMember 2023-01-01 2023-12-31 0001627223 us-gaap:FacilityClosingMember cc:TitaniumTechnologiesTransformationPlanMember cc:TitaniumTechnologiesMember 2023-01-01 2023-12-31 0001627223 cc:AccumulatedGainLossNetInvestmentHedgeParentMember 2021-01-01 2021-12-31 0001627223 us-gaap:EMEAMember 2021-01-01 2021-12-31 0001627223 cc:TaiwanTaxAuthorityMember 2023-09-30 0001627223 cc:SeniorSecuredRevolvingCreditFacilityMember 2023-01-01 2023-12-31 0001627223 us-gaap:ShortTermDebtMember 2022-12-31 0001627223 us-gaap:OperatingSegmentsMember us-gaap:AllOtherSegmentsMember 2023-01-01 2023-12-31 0001627223 cc:ThermalAndSpecializedSolutionsMember us-gaap:AccountingStandardsUpdate201409Member us-gaap:TransferredAtPointInTimeMember srt:LatinAmericaMember 2021-01-01 2021-12-31 0001627223 cc:WashingtonWorksWestVirginiaMember 2022-12-31 0001627223 cc:StateNetOperatingLossesMember 2022-12-31 0001627223 cc:SeniorSecuredTrancheBTwoUSDollarTermLoanDueAprilTwoThousandTwentyFiveMember 2022-12-31 0001627223 cc:TitaniumTechnologiesMember 2022-01-01 2022-12-31 0001627223 us-gaap:OtherNoncurrentLiabilitiesMember 2023-12-31 0001627223 us-gaap:RetainedEarningsMember 2021-12-31 0001627223 2021-12-01 2021-12-01 0001627223 2023-01-01 2023-09-30 0001627223 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember 2023-12-31 0001627223 us-gaap:AccountingStandardsUpdate201409Member cc:TitaniumTechnologiesMember us-gaap:TransferredAtPointInTimeMember srt:AsiaPacificMember 2021-01-01 2021-12-31 0001627223 srt:RevisionOfPriorPeriodErrorCorrectionAdjustmentMember 2023-01-01 2023-03-31 0001627223 cc:CompensatoryAndPunitiveDamagesM