v3.26.1
Financial Instruments and Fair Value Measurement (Tables)
 3 Months Ended
Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Swap Positions
The following table summarizes the Company's current interest rate swap positions as of March 31, 2026 and December 31, 2025.

StartEndNotional Amount (In Millions)Weighted Average Interest Rate
05/01/202505/01/2027$5003.50%
Schedule of Derivative Instruments
Derivative Assets(a)
Derivative Liabilities(b)
March 31,December 31,March 31,December 31,
In millions2026202520262025
Derivatives Designated as Hedging Instruments:
Commodity Contracts$— $— $6 $5 
Foreign Currency Contracts1 — — 1 
Interest Rate Swap Agreements1 — — 1 
Derivatives Not Designated as Hedging Instruments:
Foreign Currency Contracts— — — 1 
Total$2 $— $6 $8 
(a)Derivative assets of $2 million are included in Other Current Assets as of March 31, 2026.
(b)Derivative liabilities of $6 million and $8 million are included in Other Accrued Liabilities as of March 31, 2026 and December 31, 2025, respectively.
Schedule of Effect of Derivative Instruments
The pre-tax effect of derivative instruments in cash flow hedging relationships in the Company's Condensed Consolidated Statements of Operations is as follows:

Amount of Gain Recognized in Accumulated Other Comprehensive LossAmount of Gain Recognized in Condensed Consolidated Statements of Operations
Three Months Ended March 31,Three Months Ended March 31,
In millions20262025Location in Statement of Operations20262025
Commodity Contracts$(1)$(8)Cost of Sales$(2)$(1)
Foreign Currency Contracts(2)— Other Expense, Net— — 
Interest Rate Swap Agreements(2)— Interest Expense, Net— — 
Total$(5)$(8)Total$(2)$(1)
The pre-tax effect of derivative instruments not designated as hedging instruments in the Company's Condensed Consolidated Statements of Operations is as follows:

Amount of (Gain) Loss Recognized in Condensed Consolidated Statements of Operations
Three Months Ended March 31,
In millionsLocation in Statement of Operations20262025
Foreign Currency ContractsOther Expense, Net$(1)$2