v3.25.3
Discontinued Operations and Disposal Groups (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]          
Disposal Groups, Including Discontinued Operations [Table]    
The following table presents the components of Income from Discontinued Operations, Net of Income Taxes:
Three Months Ended
September 30
Nine Months Ended
September 30
2025202420252024
Net Sales$828 $808 $2,416 $2,429 
Cost of products sold579 588 1,733 1,768 
Gross Profit249 220 683 661 
Marketing, research and general expenses103 91 297 278 
Other (income) and expense, net 2 
Operating Profit146 128 384 382 
Nonoperating expense  —  — 
Income from discontinued operations before income taxes146 128 384 382 
Provision for income taxes(36)(36)(103)(99)
Income from Discontinued Operations, Net of Income Taxes$110 $92 $281 $283 
The following table presents significant non-cash items and capital expenditures of discontinued operations:
Three Months Ended
September 30
Nine Months Ended
September 30
2025202420252024
Depreciation and Amortization$ $32 $68 $96 
Capital Spending27 25 73 79 
The following table presents the components of assets and liabilities classified as discontinued operations:
September 30, 2025December 31, 2024
Assets
Cash and cash equivalents$17 $11 
Accounts receivable, net337 281 
Inventories405 370 
Other current assets15 34 
Current Assets of Discontinued Operations$774 $696 
Property, Plant and Equipment, Net$1,317 $1,229 
Goodwill180 168 
Other Intangible Assets, Net7 
Other Assets118 104 
Non-current Assets of Discontinued Operations$1,622 $1,508 
Liabilities
Debt payable within one year$4 $
Trade accounts payable471 451 
Accrued expenses and other current liabilities253 228 
Current Liabilities of Discontinued Operations$728 $683 
Long-Term Debt$19 $21 
Non-current Employee Benefits15 15 
Deferred Income Taxes32 26 
Other Liabilities88 77 
Non-current Liabilities of Discontinued Operations$154 $139 
   
Income from Discontinued Operations, Net of Income Taxes $ 110 $ 92 $ 281 $ 283  
Disposal Group, Including Discontinued Operation, Provision for Income Taxes (36) (36) (103) (99)  
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax 146 128 384 382  
Disposal Group, Including Discontinued Operation, Nonoperating Expense 0 0 0 0  
Disposal Group, Including Discontinued Operation, Operating Income (Loss) 146 128 384 382  
Disposal Group, Including Discontinued Operation, Other Expense 0 1 2 1  
Disposal Group, Including Discontinued Operation, General and Administrative Expense 103 91 297 278  
Disposal Group, Including Discontinued Operation, Costs of Goods Sold 579 588 1,733 1,768  
Disposal Group, Including Discontinued Operation, Revenue 828 808 2,416 2,429  
Disposal Group, Including Discontinued Operation, Gross Profit (Loss) 249 220 683 661  
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Disposal Group, Including Discontinued Operation, Capital Spending 27 25 73 79  
Disposal Group, Including Discontinued Operation, Cash and Cash Equivalents 17   17   $ 11
Disposal Group, Including Discontinued Operation, Accounts Payable 337   337   281
Disposal Group, Including Discontinued Operation, Inventory 405   405   370
Disposal Group, Including Discontinued Operation, Other Assets, Current 15   15   34
Current assets of discontinued operations 774   774   696
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment 1,317   1,317   1,229
Disposal Group, Including Discontinued Operation, Goodwill 180   180   168
Disposal Group, Including Discontinued Operation, Intangible Assets 7   7   7
Disposal Group, Including Discontinued Operation, Other Assets 118   118   104
Non-current Assets of Discontinued Operations 1,622   1,622   1,508
Disposal Group, Including Discontinued Operation, Accounts Payable, Current 4   4   4
Disposal Group, Including Discontinued Operation, Accounts Payable 471   471   451
Disposal Group, Including Discontinued Operation, Other Liabilities, Current 253   253   228
Current liabilities of discontinued operations 728   728   683
Disposal Group, Including Discontinued Operation, Long-Term Debt 19   19   21
Disposal Group, Including Discontinued Operation, Non-current Employee Benefits 15   15   15
Disposal Group, Including Discontinued Operation, Deferred Tax Liabilities 32   32   26
Disposal Group, Including Discontinued Operation, Other Liabilities 88   88   77
Non-current Liabilities of Discontinued Operations 154   154   $ 139
Depreciation and Amortization, Discontinued Operations $ 0 $ 32 $ 68 $ 96  
Discontinued Operations, Transition 18 months        
Percent Interest in Joint Venture 51.00%   51.00%    
Discontinued Operation, Equity Method Investment Retained after Disposal, Ownership Interest after Disposal 49.00%        
Disposal Group, Including Discontinued Operation, Consideration $ 1,700   $ 1,700    
Discontinued Operations, Transition 18 months        
Discontinued Operations, Supply Agreement Term 36 months        
Discontinued Operation, Separation Costs Incurred $ 17   $ 50