v3.25.2
Segment Information - Schedule of Net Sales and Operating Income (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment information        
Net sales to unaffiliated customers $ 1,833 $ 1,878 $ 3,646 $ 3,760
Adjusted operating income (loss) 273 270 546 486
Unallocated (costs) income (2) (30) 1 (33)
Operating income 271 240 547 453
T&HS        
Segment information        
Net sales to unaffiliated customers 599 588 1,201 1,185
F&II - LATAM        
Segment information        
Net sales to unaffiliated customers 596 630 1,169 1,246
F&II - U.S./Canada        
Segment information        
Net sales to unaffiliated customers 523 555 1,043 1,096
Operating Segments | T&HS        
Segment information        
Net sales to unaffiliated customers 608 604 1,219 1,216
Segment cost of sales 407 428 833 878
Other operating expenses 81 74 158 147
Adjusted operating income (loss) 111 86 210 160
Operating Segments | F&II - LATAM        
Segment information        
Net sales to unaffiliated customers 610 640 1,196 1,266
Segment cost of sales 434 471 854 939
Other operating expenses 35 29 61 76
Adjusted operating income (loss) 127 130 254 231
Operating Segments | F&II - U.S./Canada        
Segment information        
Net sales to unaffiliated customers 550 580 1,103 1,147
Segment cost of sales 417 428 822 862
Other operating expenses 20 22 43 42
Adjusted operating income (loss) 86 105 178 192
All Other and Inter-segment sales        
Segment information        
Net sales to unaffiliated customers 115 105 233 233
All Other        
Segment information        
Net sales to unaffiliated customers 119 109 240 240
Segment cost of sales 98 97 199 210
Other operating expenses 18 18 35 37
Adjusted operating income (loss) (1) (10) (1) (14)
Inter-segment sales        
Segment information        
Net sales to unaffiliated customers (4) (4) (7) (7)
Inter-segment sales | T&HS        
Segment information        
Net sales to unaffiliated customers (9) (16) (18) (31)
Inter-segment sales | F&II - LATAM        
Segment information        
Net sales to unaffiliated customers (14) (10) (27) (20)
Inter-segment sales | F&II - U.S./Canada        
Segment information        
Net sales to unaffiliated customers (27) (25) (60) (51)
Corporate        
Segment information        
Segment cost of sales 0 0 0 0
Other operating expenses 50 41 95 83
Adjusted operating income (loss) $ (50) $ (41) $ (95) $ (83)