Acquisitions and Divestitures |
6 Months Ended |
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Jun. 30, 2025 | |
Discontinued Operations and Disposal Groups [Abstract] | |
Acquisitions and Divestitures | Note 22. Acquisitions and Divestitures On April 3, 2024, the Company divested its equity interest in an unconsolidated joint venture for approximately $58 million, subject to customary debt and working capital adjustments. We received cash consideration on the divestiture date of $46 million, with an additional $7 million to be received in equal installments due twelve months and thirty-six months from the divestiture date. A pre-tax gain of $27 million was recognized related to this divestiture, including $5 million of cumulative translation losses reclassified from AOCI to Net income. Transaction fees of $1 million were incurred in connection with the divestiture and are included in Selling, general, and administrative expenses in our Consolidated Interim Statement of Operations.
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