v3.26.1
CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 143 $ 120
Trade receivables and other, net 1,005 723
Inventories 1,671 1,407
Fair value of derivatives instruments and other financial assets 132 72
Total current assets 2,951 2,322
Non-current assets    
Property, plant and equipment, net 2,524 2,585
Goodwill 47 47
Intangible assets, net 84 88
Deferred tax assets 202 270
Trade receivables and other, net 33 31
Fair value of derivatives instruments 4 11
Total non-current assets 2,894 3,032
Total assets 5,845 5,354
Current liabilities    
Trade payables and other 1,973 1,674
Current portion of long-term debt 35 39
Fair value of derivatives instruments 37 18
Income tax payable 20 18
Pension and other benefit obligations 23 24
Provisions 30 25
Total current liabilities 2,118 1,798
Non-current liabilities    
Trade payables and other 158 163
Long-term debt 1,938 1,905
Fair value of derivatives instruments 3 3
Pension and other benefit obligations 329 338
Provisions 101 106
Deferred tax liabilities 66 70
Total non-current liabilities 2,595 2,585
Total liabilities 4,713 4,383
Commitments and contingencies
Shareholders' equity    
Ordinary shares, par value €0.02, 146,819,884 shares issued at March 31, 2026 and at December 31, 2025; 136,150,450 and 135,424,702 shares outstanding at March 31, 2026 and at December 31, 2025, respectively 4 4
Additional paid in capital 704 693
Accumulated other comprehensive income 39 54
Retained earnings 529 354
Treasury shares 10,669,434 at March 31, 2026 and 11,395,182 at December 31, 2025 (157) (153)
Equity attributable to equity holders of Constellium 1,119 952
Non-controlling interests 13 19
Total equity 1,132 971
Total equity and liabilities $ 5,845 $ 5,354