Related-Party Transactions (Tables)

3 Months Ended

Mar. 31, 2026

The total costs for services and functions allocated to the Company from the Parent were as follows for the three months ended March 31, 2026 and 2025:


	Three Months Ended March 31,
	2026		2025
	(in millions)
Cost of sales	$	13	$	19
Selling, general and administrative	80		78

Total allocated costs from Parent	$	93	$	97

Schedule of Net Parent Investment

The components of Net transfers (to) from Parent were as follows:


	Three Months Ended March 31,
	2026		2025
	(in millions)
Cash pooling and general financing activities, net	$	(216)	$	(45)
Corporate cost allocations	93		97
Income taxes (1)	(7)		(13)
Net transfers (to) from Parent per combined statements of cash flows	(130)		39
Transfer of net assets with Parent	19		—
Related party receivables exchanged with Parent	111		—
Deferred and non-cash taxes settled with Parent through net parent investment (1)	53		—
Net transfers from Parent per combined statements of net parent investment	$	53	$	39

(1)Represents non-cash income tax impacts incurred in the respective period as a result of the application of the separate return basis with respect to the income tax provision and related balance sheet accounts within the combined financial statements, as further described in Note 13. Income Taxes, as well as taxes paid by the Parent.