Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Assets and Liabilities At Fair Value

The following table sets forth the fair value of the Company’s derivative assets and liabilities at March 31, 2026 and December 31, 2025.


				Fair Value Using Level 2 Inputs
		Balance Sheet Location		March 31, 2026				December 31, 2025
Asset derivatives:
Foreign currency forward contracts not designated as a hedging instrument		Accounts and notes receivable, net (Note 8)		$	—			$	—
Foreign currency forward contracts designated as a cash flow hedge		Accounts and notes receivable, net (Note 8)			4				—
Cross-currency swap designated as a net investment hedge		Accounts and notes receivable, net (Note 8)			—				—
Total asset derivatives				$	4			$	—

Liability derivatives:
Foreign currency forward contracts not designated as a hedging instrument		Other accrued liabilities (Note 14)		$	—			$	—
Foreign currency forward contracts designated as a cash flow hedge		Other accrued liabilities (Note 14)			—				3
Interest rate swaps designated as a cash flow hedge		Other accrued liabilities (Note 14)			2				3
Cross-currency swap designated as a net investment hedge		Other accrued liabilities (Note 14)			42				59
Total liability derivatives				$	44			$	65

Schedule of Pre-tax Charge Fair Value of Financial Instruments

The following table sets forth the pre-tax changes in fair value of the Company’s financial instruments for the three months ended March 31, 2026 and 2025.


		Gain (Loss) Recognized In
														Accumulated
														Other
		Cost of				Interest				Other				Comprehensive
Three Months Ended March 31,		Goods Sold				Expense, Net				Income, Net				Loss
2026
Foreign currency forward contracts not designated as a hedging instrument		$	—			$	—			$	(3	)		$	—
Foreign currency forward contracts designated as a cash flow hedge			(3	)			—				—				4
Interest rate swaps designated as a cash flow hedge			—				—				—				1
Euro-denominated debt designated as a net investment hedge			—				—				—				10
Cross-currency swap designated as a net investment hedge			—				—				—				17

2025
Foreign currency forward contracts not designated as a hedging instrument		$	—			$	—			$	(2	)		$	—
Foreign currency forward contracts designated as a cash flow hedge			2				—				—				(4	)
Interest rate swaps designated as a cash flow hedge			—				—				—				(1	)
Euro-denominated debt designated as a net investment hedge			—				—				—				(15	)
Cross-currency swap designated as a net investment hedge			—				—				—				(11	)