v3.25.3
Supplemental Balance Sheet Data
 9 Months Ended
Sep. 30, 2025
Statement of Financial Position [Abstract]  
Additional Financial Information Disclosure Supplemental Balance Sheet Data
The following schedule presents a summary of inventories by major class:
September 30, 2025December 31, 2024
LIFONon-LIFOTotalLIFONon-LIFOTotal
Raw materials$123 $215 $338 $122 $201 $323 
Work in process120 44 164 116 32 148 
Finished goods518 470 988 510 428 938 
Supplies and other— 257 257 — 243 243 
761 986 1,747 748 904 1,652 
Excess of FIFO or weighted-average cost over LIFO cost(206)— (206)(200)— (200)
Total$555 $986 $1,541 $548 $904 $1,452 
Inventories are valued at the lower of cost or net realizable value, determined on the FIFO or weighted-average cost methods, and at the lower of cost or market, determined on the LIFO cost method.
The following schedule presents a summary of property, plant and equipment, net:
September 30, 2025December 31, 2024
Land$132 $110 
Buildings2,394 2,314 
Machinery and equipment12,877 12,498 
Construction in progress960 780 
16,363 15,702 
Less accumulated depreciation(9,833)(9,418)
Total$6,530 $6,284 
Supplier Finance Program
We have a supplier finance program managed through two global financial institutions under which we agree to pay the financial institutions the stated amount of confirmed invoices from our participating suppliers on the invoice due date. We, or the global financial institutions, may terminate our agreements at any time upon 30 days written notice. The global financial institutions may terminate our agreements at any time upon three days written notice in the event there are insufficient funds available for disbursement. We do not provide any forms of guarantees under these agreements. Supplier participation in the program is solely up to the supplier, and the participating suppliers negotiate their arrangements directly with the global financial institutions. We have no economic interest in a supplier’s decision to participate in the program, and their participation has no bearing on our payment terms or amounts due. The payment terms that we have with our suppliers under this program generally range from 75 to 180 days and are considered commercially reasonable. As of September 30, 2025 and December 31, 2024, the outstanding amounts related to the suppliers participating in this program were $1.0 billion, of which $192 and $185, respectively, are reported as discontinued operations. Amounts are recorded within Trade accounts payable and Current liabilities of discontinued operations.