v3.25.2
Note 2 - Discontinued Operations (Tables)
6 Months Ended
Jun. 30, 2025
Notes Tables  
Disposal Groups, Including Discontinued Operations [Table Text Block]
  

Three Months Ended

  

Six Months Ended

 
  

June 30,

  

June 30,

 
  

2025

  

2024

  

2025

  

2024

 

Net sales

 $663  $726  $1,263  $1,484 

Cost of sales

  542   588   1,039   1,214 

Selling, general and administrative expenses

  28   24   55   49 

Amortization of intangibles

  1   2   2   3 

Restructuring charges, net

  (1)  1   2   1 

Other income (expense), net

  (18)  6   (25)  8 

Earnings from discontinued operations before interest and income taxes

  75   117   140   225 

Interest income

  1   1   2   2 

Earnings from discontinued operations before income taxes

  76   118   142   227 

Income tax expense

  33   41   52   85 

Net income from discontinued operations

 $43  $77  $90  $142 
  

June 30,

  

December 31,

 
  

2025

  

2024

 

Accounts receivable - Trade

 $411  $305 

Accounts receivable - Other

  39   41 

Inventories

  557   500 

Other current assets

  83   58 

Current assets of disposal group held for sale

 $1,090  $904 
         

Goodwill

 $276  $250 

Intangibles

  72   70 

Deferred tax assets

  91   64 

Other noncurrent assets

  53   71 

Operating lease assets

  44   35 

Property, plant and equipment, net

  445   383 

Noncurrent assets of disposal group held for sale

 $981  $873 
         

Current portion of long-term debt

 $1  $ 

Accounts payable

  481   402 

Accrued payroll and employee benefits

  83   60 

Taxes on income

  11    

Current portion of operating lease liabilities

  9   9 

Other accrued liabilities

  168   153 

Current liabilities of disposal group held for sale

 $753  $624 
         

Long-term debt

 $32  $2 

Noncurrent operating lease liabilities

  34   25 

Pension and postretirement obligations

  65   62 

Other noncurrent liabilities

  73   94 

Noncurrent liabilities of disposal group held for sale

 $204  $183