v3.26.1
BUSINESS DIVESTITURES AND ASSETS AND LIABILITIES HELD FOR SALE (Tables)
 3 Months Ended
Mar. 31, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations
(DOLLARS IN MILLIONS)
Cash proceeds from the buyer$105 
Direct costs to sell(2)
Fair value of sale consideration$103 
The major classes of assets and liabilities sold consisted of the following:
(DOLLARS IN MILLIONS)March 2, 2026
Assets
Trade receivables, net$22 
Inventories48 
Property, plant and equipment, net99 
Other intangible assets, net89 
Operating lease right-of-use assets7 
Other assets9 
Less: Loss recognized on assets held-for-sale(115)
Total assets159 
Liabilities
Accounts payable$41 
Other liabilities8 
Total liabilities49 
Carrying value of net assets$110 
There were no assets or liabilities held for sale as of March 31, 2026.
(DOLLARS IN MILLIONS)December 31, 2025
Assets
Trade receivables, net$25 
Inventories37 
Property, plant and equipment, net98 
Other intangible assets, net89 
Operating lease right-of-use assets7 
Other assets10 
Less: Loss recognized on assets held-for-sale(115)
Total assets held-for-sale$151 
Liabilities
Accounts payable$34 
Other liabilities10 
Total liabilities held-for-sale$44