v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 71 $ 147
Accounts receivable (net of allowance for doubtful accounts of $1 and $2) 368 355
Other receivables 9 10
Inventories 637 584
Other current assets 20 20
Total current assets 1,105 1,116
Property, plant and equipment (net of accumulated depreciation of $1,059 and $1,034) 838 823
Operating lease right-of-use assets, net 96 98
Goodwill 1,895 1,895
Intangible assets, net 937 943
Other assets 59 61
Total assets 4,930 4,936
Liabilities    
Accounts payable 418 387
Current operating lease liabilities 25 23
Income taxes payable 30 14
Accrued and other current liabilities 143 153
Total current liabilities 616 577
Long-term debt 1,530 1,580
Long-term operating lease liabilities 78 81
Deferred income taxes 352 350
Long-term postretirement benefit obligation 13 13
Other liabilities 76 82
Total liabilities 2,665 2,683
Commitments and contingencies (Note 7)
Stockholders’ equity    
Common stock, $0.001 par value; 2,000 shares authorized; 210.7 shares issued and outstanding 0 0
Additional paid-in capital 1,430 1,431
Accumulated other comprehensive income 22 20
Retained earnings 813 802
Total stockholders’ equity 2,265 2,253
Total liabilities and stockholders’ equity $ 4,930 $ 4,936