Chemours Co. Files Q1 2024 10-Q
Ticker: CC · Form: 10-Q · Filed: 2024-04-30T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, SEC filing
TL;DR
Chemours Q1 10-Q is in. Check financials.
AI Summary
Chemours Co. filed its 10-Q for the period ending March 31, 2024. The company reported financial results and provided updates on its business operations. Key financial data and operational details are included in this filing.
Why It Matters
This filing provides investors with the latest financial performance and operational status of Chemours Co., crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: medium — The filing contains standard financial disclosures for a public company, but the chemical industry can be subject to regulatory and environmental risks.
Key Numbers
- 1007 Market Street — Business Address (Chemours Co. headquarters)
- 302 773 1000 — Business Phone (Chemours Co. contact number)
Key Players & Entities
- Chemours Co. (company) — Filer of the 10-Q
- 20240331 (date) — Reporting period end date
- 20240430 (date) — Filing date
- 0000950170-24-050551 (accession_number) — SEC filing accession number
- Wilmington, DE (location) — Company headquarters and mailing address
FAQ
What is the reporting period for this 10-Q filing?
The reporting period is for the quarter ended March 31, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on April 30, 2024.
What is the company's Central Index Key (CIK)?
The CIK for Chemours Co. is 0001627223.
Where is Chemours Co. headquartered?
Chemours Co. is headquartered in Wilmington, Delaware.
What is the SEC file number for Chemours Co.?
The SEC file number is 001-36794.
From the Filing
0000950170-24-050551.txt : 20240430 0000950170-24-050551.hdr.sgml : 20240430 20240430162557 ACCESSION NUMBER: 0000950170-24-050551 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 131 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240430 DATE AS OF CHANGE: 20240430 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-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-36794 FILM NUMBER: 24897689 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-Q 1 cc-20240331.htm 10-Q 10-Q false --12-31 Q1 0001627223 P9M P1Y P1Y P1Y http://fasb.org/us-gaap/2023#DebtCurrent http://fasb.org/us-gaap/2023#DebtCurrent 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/20240331#RestructuringChargesAssetRelatedAndOtherCharges http://www.chemours.com/20240331#RestructuringChargesAssetRelatedAndOtherCharges 2026-12 http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2023#OtherNonoperatingIncomeExpense 0001627223 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember 2023-12-31 0001627223 srt:NorthAmericaMember cc:TitaniumTechnologiesMember us-gaap:AccountingStandardsUpdate201409Member us-gaap:TransferredAtPointInTimeMember 2023-01-01 2023-03-31 0001627223 cc:TitaniumTechnologiesMember us-gaap:AccountingStandardsUpdate201409Member us-gaap:TransferredAtPointInTimeMember 2024-01-01 2024-03-31 0001627223 us-gaap:ForeignExchangeContractMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CashFlowHedgingMember 2023-01-01 2023-03-31 0001627223 cc:FayettevilleWorksFayettevilleNorthCarolinaMember 2023-12-31 0001627223 cc:FayettevilleWorksFayettevilleNorthCarolinaMember cc:OnSiteRemediationMember 2023-12-31 0001627223 cc:FayettevilleWorksFayettevilleNorthCarolinaMember 2024-01-01 2024-03-31 0001627223 us-gaap:OperatingSegmentsMember cc:TitaniumTechnologiesMember 2024-01-01 2024-03-31 0001627223 us-gaap:NondesignatedMember us-gaap:ForeignExchangeContractMember us-gaap:TradeAccountsReceivableMember us-gaap:FairValueInputsLevel2Member us-gaap:CashFlowHedgingMember us-gaap:FairValueMeasurementsRecurringMember 2023-12-31 0001627223 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001627223 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember 2024-03-31 0001627223 us-gaap:AccumulatedDefinedBenefitPlansAdjustmentNetUnamortizedGainLossMember 2024-03-31 0001627223 cc:SeniorUnsecuredNotesFourPointSixTwoFiveDueNovemberTwoThousandTwentyNineMember 2023-12-31 0001627223 cc:EIDMember 2024-03-31 0001627223 srt:MaximumMember us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember 2024-01-01 2024-03-31 0001627223 cc:WashingtonWorksWestVirginiaMember 2024-03-31 0001627223 us-gaap:TreasuryStockCommonMember 2022-12-31 0001627223 us-gaap:ForeignExchangeContractMember us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:CashFlowHedgingMember us-gaap:CostOfSalesMember 2024-01-01 2024-03-31 0001627223 cc:SeniorSecuredTermLoanFacilityMember 2024-01-01 2024-03-31 0001627223 cc:ChemoursAndEIDMember stpr:NY 2024-02-29 0001627223 cc:FirstMDLSettlementMember 2024-01-01 2024-03-31 0001627223 us-gaap:AllOtherSegmentsMember 2024-01-01 2024-03-31 0001627223 us-gaap:OtherNoncurrentLiabilitiesMembe