v3.25.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents (amount related to variable interest entity (VIE)—2025: $264000000) $ 1,686 $ 1,614
Accounts receivable—net 586 404
Inventories 316 314
Prepaid income taxes 51 145
Other current assets 37 43
Total current assets 2,676 2,520
Property, plant and equipment—net (amount related to VIE—2025: $165000000) 6,743 6,735
Investment in affiliate 35 29
Goodwill 2,493 2,492
Intangible assets—net 488 507
Operating lease right-of-use assets 341 266
Other assets 974 917
Total assets 13,750 13,466
Current liabilities:    
Accounts payable and accrued expenses (amount related to VIE—2025: $78000000) 671 603
Income taxes payable 18 2
Customer advances 32 118
Current operating lease liabilities 98 86
Other current liabilities 11 9
Total current liabilities 830 818
Long-term debt 2,973 2,971
Deferred income taxes 839 871
Operating lease liabilities 255 189
Supply contract liability 709 724
Other liabilities (amount related to VIE—2025: $1000000) 323 301
Stockholders’ equity:    
Preferred stock—$0.01 par value, 50,000,000 shares authorized 0 0
Common stock—$0.01 par value, 500,000,000 shares authorized, 2025—161,966,492 shares issued and 2024—170,237,254 shares issued 2 2
Paid-in capital 1,239 1,284
Retained earnings 3,924 4,009
Treasury stock—at cost, 2025—0 shares and 2024—354,264 shares 0 (30)
Accumulated other comprehensive loss (202) (280)
Total stockholders’ equity 4,963 4,985
Noncontrolling interests 2,858 2,607
Total equity 7,821 7,592
Total liabilities and equity $ 13,750 $ 13,466