v3.25.2
Segment Information (Tables)
6 Months Ended
Jun. 30, 2025
Segment Information  
Schedule of segment operating profit (loss) for the Company's reportable segments

Three months ended June 30,

    

2025

    

2024

Americas

Europe

Total

Americas

Europe

Total

Reportable segment net sales

$

943

$

741

$

1,684

$

899

$

802

$

1,701

Other

22

28

Net Sales

 

 

 

1,706

$

1,729

Less:

Cost of goods sold

772

615

758

642

Selling, administrative, engineering and research and development expenses

42

46

47

46

Equity earnings

(19)

(9)

(16)

(13)

Other segment expenses (income)

13

(1)

4

Segment operating profit

$

135

$

90

$

225

$

106

$

127

$

233

Items excluded from segment operating profit:

Reconciliation of segment operating profit

Retained corporate costs and other

(25)

(32)

Restructuring, asset impairment and other charges

(108)

Legacy environmental charge

(10)

Interest expense, net

(85)

(87)

Earnings before income taxes

$

7

$

104

Six months ended June 30,

    

2025

    

2024

Americas

Europe

Total

Americas

Europe

Total

Reportable segment net sales

$

1,816

$

1,407

$

3,223

$

1,753

$

1,511

$

3,264

Other

50

58

Net Sales

 

 

 

3,273

$

3,322

Less:

Cost of goods sold

1,475

1,173

1,470

1,177

Selling, administrative, engineering and research and development expenses

85

92

99

93

Equity earnings

(38)

(13)

(35)

(19)

Other segment expenses (income)

18

(3)

11

Segment operating profit

$

276

$

158

$

434

$

208

$

260

$

468

Items excluded from segment operating profit:

Reconciliation of segment operating profit

Retained corporate costs and other

(53)

(72)

Restructuring, asset impairment and other charges

(191)

Legacy environmental charge

(4)

(10)

Gain on sale of miscellaneous assets

6

Interest expense, net

(166)

(165)

Earnings before income taxes

$

26

$

221

Schedule of assets, equity investments, equity earnings, capital expenditures and depreciation and amortization expense for the Company's reportable segments

As of June 30,

    

    

    

Reportable

    

Retained

    

Consoli-

 

Segment

Corp Costs

dated

 

Americas

Europe

Totals

and Other

Totals

 

Total assets:

2025

$

4,841

$

3,984

$

8,825

$

354

$

9,179

2024

5,009

3,796

8,805

529

9,334

Equity investments:

2025

$

475

$

201

$

676

$

36

$

712

2024

467

173

640

58

698

Three months ended June 30,

    

    

    

Reportable

    

Retained

    

Consoli-

Segment

Corp Costs

dated

Americas

Europe

Totals

and Other

Totals

Equity earnings:

2025

$

19

$

9

$

28

$

$

28

2024

16

13

29

1

30

Capital expenditures:

2025

$

41

$

48

$

89

$

15

$

104

2024

99

58

157

3

160

Depreciation and amortization expense:

2025

$

70

$

43

$

113

$

5

$

118

2024

73

44

117

5

122

Six months ended June 30,

    

    

    

Reportable

    

Retained

    

Consoli-

Segment

Corp Costs

dated

Americas

Europe

Totals

and Other

Totals

Equity earnings:

2025

$

38

$

13

$

51

$

$

51

2024

35

19

54

1

55

Capital expenditures:

2025

$

103

$

120

$

223

$

16

$

239

2024

222

146

368

5

373

Depreciation and amortization expense:

2025

$

143

$

80

$

223

$

10

$

233

2024

148

87

235

10

245

Total assets for the Company's reportable segments

As of June 30,

    

U.S.

    

Non-U.S.

    

Total

 

2025

$

798

$

2,854

$

3,652

2024

 

912

2,763

3,675

Schedule of segment information by geographic segment

Three months ended June 30,

    

U.S.

    

Non-U.S.

    

Total

 

2025

$

446

$

1,260

$

1,706

2024

 

419

1,310

1,729

Six months ended June 30,

    

U.S.

    

Non-U.S.

    

Total

2025

$

888

$

2,385

$

3,273

2024

 

814

2,508

3,322