LyondellBasell realigns segments; expects $250-300M APS goodwill impairment in Q1 2023

LyondellBasell Industries N.V.

Moved Catalloy and polybutene-1 from APS to O&P-Americas and O&P-EAI segments effective Jan 1, 2023.
Non-cash goodwill impairment charge of $250M to $300M expected in APS segment in Q1 2023.
Segment change has no impact on previously reported consolidated financial statements.
Portion of APS goodwill allocated to O&P-Americas and O&P-EAI based on relative fair values.
Move allows APS team to focus on compounding and solutions; supports agile operating model.

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