Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2025

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Fair Value of Derivatives Outstanding

The following table is a summary of the fair value of derivatives outstanding at March 31, 2025 and December 31, 2024:


	Fair Value
	March 31, 2025				December 31, 2024
	Assets(a)		Accrued Liabilities		Assets(a)		Accrued Liabilities
Derivatives Designated as Cash Flow Hedges
Currency Contracts	$	—	$	8	$	—	$	13
Interest Rate Swaps	$	18	$	—	$	33	$	—

Total Hedges	$	18	$	8	$	33	$	13
Derivatives Not Designated as Cash Flow Hedges
Currency Contracts	$	—	$	—	$	1	$	5
Total Derivatives	$	18	$	8	$	34	$	18

(a) At March 31, 2025 and December 31, 2024, current assets of $18 million and $34 million, respectively, are recorded in prepaid and other current assets on the Condensed Consolidated Balance Sheets.

Schedule of Derivatives' Impact on the Condensed Consolidated Statement of Operations

The following table summarizes the impact of the Company's derivatives on the unaudited Condensed Consolidated Statement of Operations:


	Amount of Pre-Tax Gain (Loss) Recognized in Earnings						Amount of Pre-Tax Gain (Loss) Recognized in Earnings
	Revenue		Cost of Goods Sold		Other expense, net		Cost of Goods Sold		Other expense, net
	Three Months Ended March 31, 2025						Three Months Ended March 31, 2024

Derivatives Not Designated as Hedging Instruments
Currency Contracts	$	—	$	—	$	—	$	—	$	(6)
Derivatives Designated as Hedging Instruments

Natural Gas Hedges	$	—	$	—	$	—	$	(1)	$	—
Total Derivatives	$	—	$	—	$	—	$	(1)	$	(6)