v3.25.2
Note 2 - Discontinued Operations - Discontinued Operations (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Net income from discontinued operations $ 43 $ 77 $ 90 $ 142  
Current assets of disposal group held for sale 1,090   1,090   $ 904
Noncurrent assets of disposal group held for sale 981   981   873
Current liabilities of disposal group held for sale 753   753   624
Noncurrent liabilities of disposal group held for sale 204   204   183
Discontinued Operations, Disposed of by Sale [Member] | Off-highway Business [Member]          
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  
Inventories 557   557   500
Other current assets 83   83   58
Current assets of disposal group held for sale 1,090   1,090   904
Goodwill 276   276   250
Intangibles 72   72   70
Deferred tax assets 91   91   64
Other noncurrent assets 53   53   71
Operating lease assets 44   44   35
Property, plant and equipment, net 445   445   383
Noncurrent assets of disposal group held for sale 981   981   873
Current portion of long-term debt 1   1   0
Accounts payable 481   481   402
Accrued payroll and employee benefits 83   83   60
Taxes on income 11   11  
Current portion of operating lease liabilities 9   9   9
Other accrued liabilities 168   168   153
Current liabilities of disposal group held for sale 753   753   624
Long-term debt 32   32   2
Noncurrent operating lease liabilities 34   34   25
Pension and postretirement obligations 65   65   62
Other noncurrent liabilities 73   73   94
Noncurrent liabilities of disposal group held for sale 204   204   183
Discontinued Operations, Disposed of by Sale [Member] | Off-highway Business [Member] | Trade Accounts Receivable [Member]          
Accounts receivable - Trade 411   411   305
Discontinued Operations, Disposed of by Sale [Member] | Off-highway Business [Member] | Other Accounts Receivable [Member]          
Accounts receivable - Trade $ 39   $ 39   $ 41