v3.25.2
Accrued Liabilities
 6 Months Ended
Jun. 30, 2025
Accrued Liabilities, Current [Abstract]  
Accrued Liabilities
Note 11. Accrued Liabilities
June 30,
2025		December 31,
2024
(Dollars in millions)
Customer pricing reserve$85 $77 
Compensation, benefit and other employee related70 74 
Repositioning11 12 
Product warranties and performance guarantees - short-term (Note 19)
15 15 
Income and other taxes29 32 
Customer advances and deferred income (1)
24 16 
Accrued interest13 14 
Short-term lease liability (Note 13)
13 11 
Accrued freight11 9 
Dividends declared— 12 
Designated and undesignated derivatives (Note 16)
22 8 
Environmental reserve5 6 
Other (primarily operating expenses)
9 13 
 307 299 
(1)Customer advances and deferred income include $15 million and $8 million of contract liabilities as of June 30, 2025 and December 31, 2024, respectively. See Note 3, Revenue Recognition and Contracts with Customers.
The Company accrues repositioning costs related to projects to optimize its product costs and right-size our organizational structure. Expenses related to the repositioning accruals are included in Cost of goods sold and Selling, general and administrative expenses in our Consolidated Interim Statements of Operations.
The following tables summarize the activity in our repositioning accrual:
Severance Costs
Other Costs
Total
(Dollars in millions)
Balance at December 31, 2024
$12 $— $12 
Charges5 — 5 
Usage—cash(6)— (6)
Balance at June 30, 2025
$11 $— $11 
Severance Costs
Other Costs
Total
(Dollars in millions)
Balance at December 31, 2023
$9 $— $9 
Charges12 — 12 
Usage—cash(12)— (12)
Balance at June 30, 2024
$9 $— $9