v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 1,099 $ 1,922
Accounts receivable, net 1,358 1,120
Inventories, net 1,567 1,551
Prepaid expenses and other current assets 260 88
Total current assets 4,284 4,681
Property, plant and equipment, net 8,366 7,935
Goodwill 9,070 9,020
Intangible assets, net 1,703 1,728
Operating lease right-of-use assets, net 604 608
Other noncurrent assets 242 277
Total Assets 24,269 24,249
Current Liabilities:    
Accounts payable 1,021 1,538
Short-term borrowings 777 0
Current portion of long-term debt 333 333
Operating lease liabilities 131 136
Other current liabilities 792 850
Total current liabilities 3,054 2,857
Long-term debt 4,936 4,936
Deferred income tax liabilities 1,104 1,048
Noncurrent operating lease liabilities 492 500
Other noncurrent liabilities 1,595 1,654
Total Liabilities 11,181 10,995
Commitments and contingencies (see Note 17)
Equity    
Common stock, par value of $0.01 per share, 680,250,615 shares authorized, 566,875,513 issued and 553,515,402 outstanding as of March 31, 2026 566,875,513 issued and 553,082,525 outstanding as of December 31, 2025 6 6
Additional paid-in capital 12,747 12,741
Retained earnings 785 902
Treasury stock, 13,360,111 shares as of March 31, 2026 and 13,792,988 shares as of December 31, 2025 0 0
Accumulated other comprehensive loss (444) (391)
Total equity attributable to the Company 13,094 13,258
Noncontrolling interests (6) (4)
Total Equity 13,088 13,254
Total Liabilities and Equity $ 24,269 $ 24,249