v3.25.2
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Reconciliation of Operating Profit (Loss) from Segments to Consolidated The following tables show selected financial data for our segments.
Three months ended June 30, 2025
North America
Europe, MEA
and APAC
LATAM
Total
Net sales (unaffiliated customers)
$4,652
$2,773
$515
$—
$7,940
Add net sales (intersegment)
103
5
3
—
111
Net sales (aggregate)
$4,755
$2,778
$518
$8,051
Less segment expenses:
Segment cost of goods sold
$(3,527)
$(2,072)
$(357)
—
Segment selling, general and administrative expenses
(476)
(334)
(38)
—
$(4,003)
$(2,406)
$(395)
$(6,804)
Segment Adjusted EBITDA
$752
$372
$123
$1,247
Unallocated corporate costs
(34)
Depreciation, depletion and amortization
(613)
Impairment and restructuring costs
(280)
Transaction and integration-related expenses associated with
the Combination
(21)
Interest expense, net
(182)
Pension and other postretirement non-service income, net
7
Share-based compensation expense
(36)
Other expense, net
(18)
Other adjustments
(12)
Income before income taxes
$58
Three months ended June 30, 2024
North America
Europe, MEA
and APAC
LATAM
Total
Net sales (unaffiliated customers)
$437
$2,207
$325
$—
$2,969
Add net sales (intersegment)
1
4
15
—
20
Net sales (aggregate)
$438
$2,211
$340
$2,989
Less segment expenses:
Segment cost of goods sold
$(328)
$(1,597)
$(228)
—
Segment selling, general and administrative expenses
(49)
(252)
(25)
—
$(377)
$(1,849)
$(253)
$(2,479)
Segment Adjusted EBITDA
$61
$362
$87
$510
Unallocated corporate costs
(30)
Depreciation, depletion and amortization
(160)
Transaction and integration-related expenses associated with
the Combination
(60)
Interest expense, net
(33)
Pension and other postretirement non-service expense, net
(29)
Share-based compensation expense
(16)
Other income, net
5
Income before income taxes
$187
3.  Segment Information - continued
Six months ended June 30, 2025
North America
Europe, MEA
and APAC
LATAM
Total
Net sales (unaffiliated customers)
$9,230
$5,349
$1,017
$15,596
Add net sales (intersegment)
194
11
14
219
Net sales (aggregate)
$9,424
$5,360
$1,031
$15,815
Less segment expenses:
Segment cost of goods sold
$(6,914)
$(3,974)
$(704)
Segment selling, general and administrative expenses
(973)
(625)
(89)
$(7,887)
$(4,599)
$(793)
$(13,279)
Segment Adjusted EBITDA
$1,537
$761
$238
$2,536
Unallocated corporate costs
(71)
Depreciation, depletion and amortization
(1,216)
Impairment and restructuring costs
(295)
Transaction and integration-related expenses associated with
the Combination
(57)
Interest expense, net
(349)
Pension and other postretirement non-service income, net
16
Share-based compensation expense
(79)
Other expense, net
(23)
Other adjustments
(14)
Income before income taxes
$448
Six months ended June 30, 2024
North America
Europe, MEA
and APAC
LATAM
Total
Net sales (unaffiliated customers)
$849
$4,397
$653
$5,899
Add net sales (intersegment)
1
8
28
37
Net sales (aggregate)
$850
$4,405
$681
$5,936
Less segment expenses:
Segment cost of goods sold
$(632)
$(3,145)
$(484)
Segment selling, general and administrative expenses
(98)
(513)
(56)
$(730)
$(3,658)
$(540)
$(4,928)
Segment Adjusted EBITDA
$120
$747
$141
$1,008
Unallocated corporate costs
(53)
Depreciation, depletion and amortization
(308)
Transaction and integration-related expenses associated with
the Combination
(83)
Interest expense, net
(58)
Pension and other postretirement non-service expense, net
(39)
Share-based compensation expense
(31)
Other adjustments
18
Income before income taxes
$454
Schedule of Segment Reporting Information, by Segment
Six months ended June 30,
2025
2024
Capital expenditures:
North America
$580
$58
Europe, MEA and APAC
315
229
LATAM
90
87
Total reportable segments
$985
$374
Corporate
14
11
Total capital expenditures
$999
$385
Total assets by segment were:
June 30,
December 31,
2025
2024
Assets:
North America
$29,133
$29,078
Europe, MEA and APAC
12,448
10,723
LATAM
3,559
3,180
Total reportable segments
$45,140
$42,981
Corporate(1)
606
778
Total assets
$45,746
$43,759
(1) Corporate assets are composed primarily of Property, plant and equipment, net, Deferred tax assets, Recoverable or refundable
income taxes and Cash and cash equivalents.