Chemours Co. Files Q3 2024 10-Q
Ticker: CC · Form: 10-Q · Filed: 2024-11-04T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, environmental-contingencies, restructuring
TL;DR
Chemours Q3 10-Q filed. Financials updated, debt & environmental costs detailed.
AI Summary
Chemours Co. filed its 10-Q for the period ending September 30, 2024. The company reported its financial performance and condition, including details on its debt, environmental contingencies, and restructuring charges. Specific financial figures and operational details are presented within the filing.
Why It Matters
This filing provides investors and stakeholders with an update on Chemours' financial health and operational status, crucial for understanding the company's performance and future outlook.
Risk Assessment
Risk Level: medium — The filing details significant environmental contingencies and restructuring charges, which can pose financial risks.
Key Numbers
- 20240930 — Reporting Period End Date (Indicates the specific date for which financial information is reported.)
- 1231 — Fiscal Year End (Specifies the end date of the company's fiscal year.)
Key Players & Entities
- Chemours Co. (company) — Filer of the 10-Q
- 20240930 (date) — End of the reporting period
- 1007 MARKET STREET (address) — Company's business and mail address
- WILMINGTON (location) — City of company's address
- DE (location) — State of company's address
- 19801 (postal_code) — Zip code of company's address
- 302 773 1000 (phone_number) — Company's business phone number
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ending September 30, 2024.
What is the company's fiscal year end?
The company's fiscal year ends on December 31.
Where is Chemours Co. headquartered?
Chemours Co. is located at 1007 Market Street, Wilmington, DE 19801.
What is the SEC file number for Chemours Co.?
The SEC file number for Chemours Co. is 001-36794.
What is the SIC code for Chemours Co.?
The Standard Industrial Classification (SIC) code for Chemours Co. is 2800, which falls under CHEMICALS & ALLIED PRODUCTS.
From the Filing
0000950170-24-120270.txt : 20241104 0000950170-24-120270.hdr.sgml : 20241104 20241104064108 ACCESSION NUMBER: 0000950170-24-120270 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 145 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241104 DATE AS OF CHANGE: 20241104 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: 241420708 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-20240930.htm 10-Q 10-Q Q3 0001627223 --12-31 false P6M P1Y P1Y P1Y http://fasb.org/us-gaap/2024#DebtCurrent http://fasb.org/us-gaap/2024#DebtCurrent http://fasb.org/us-gaap/2024#AccruedEnvironmentalLossContingenciesCurrent http://fasb.org/us-gaap/2024#AccruedEnvironmentalLossContingenciesCurrent http://fasb.org/us-gaap/2024#AccruedEnvironmentalLossContingenciesNoncurrent http://fasb.org/us-gaap/2024#AccruedEnvironmentalLossContingenciesNoncurrent http://www.chemours.com/20240930#RestructuringChargesAssetRelatedAndOtherCharges http://www.chemours.com/20240930#RestructuringChargesAssetRelatedAndOtherCharges http://www.chemours.com/20240930#RestructuringChargesAssetRelatedAndOtherCharges http://www.chemours.com/20240930#RestructuringChargesAssetRelatedAndOtherCharges 2026-12 http://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpense 0001627223 cc:PFOAMember 2024-09-30 0001627223 us-gaap:OperatingSegmentsMember cc:RestructuringProgramTwoThousandTwentyThreeMember cc:AdvancedPerformanceMaterialsMember 2024-01-01 2024-09-30 0001627223 cc:PFOAMember 2023-12-31 0001627223 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2024-09-30 0001627223 us-gaap:TransferredAtPointInTimeMember us-gaap:EMEAMember 2023-01-01 2023-09-30 0001627223 us-gaap:ConstructionInProgressMember 2024-09-30 0001627223 cc:ThermalAndSpecializedSolutionsMember cc:FreonRefrigerantsMember us-gaap:TransferredAtPointInTimeMember 2024-07-01 2024-09-30 0001627223 us-gaap:TransferredAtPointInTimeMember us-gaap:EMEAMember 2024-01-01 2024-09-30 0001627223 cc:SeniorUnsecuredNotesFivePointSevenFiveZeroDueNovemberTwoThousandTwentyEightMember 2023-12-31 0001627223 us-gaap:AccumulatedTranslationAdjustmentMember 2022-12-31 0001627223 cc:AdvancedPerformanceMaterialsMember 2023-01-01 2023-09-30 0001627223 2023-09-30 0001627223 us-gaap:EmployeeStockOptionMember 2024-05-08 2024-05-08 0001627223 cc:AllowanceUnitsMember 2023-12-31 0001627223 cc:EnterpriseResourcePlanningImplementationChargeMember us-gaap:CorporateNonSegmentMember 2023-01-01 2023-09-30 0001627223 us-gaap:DesignatedAsHedgingInstrumentMember us-gaap:ForeignExchangeContractMember cc:NetMonetaryAssetsAndLiabilitiesHedgeMember 2023-01-01 2023-09-30 0001627223 us-gaap:TransferredAtPointInTimeMember cc:PerformanceChemicalsAndIntermediatesMember us-gaap:AllOtherSegmentsMember 2023-07-01 2023-09-30 0001627223 cc:TitaniumTechnologiesTransformationPlanMember 2024-01-01 2024-09-30 0001627223 cc:SpecialPurposeEntityMember cc:SecuritizationFacilityMember 2023-12-31 0001627223 currency:USD 2024-01-01 2024-01-31 0001627223 us-gaap:TransferredAtPointInTimeMember srt:NorthAmericaMember 2024-07-01 2024-09-30 0001627223 us-gaap:TransferredAtPointInTimeMember us-gaap:AllOtherSegmentsMember 2023-01-01 2023-09-30 0001627223 us-gaap:RestrictedStockUnitsRSUMember 2024-09-30 0001627223 cc:EnterpriseResourcePlanningImp