v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 857 $ 915
Accounts and notes receivable - net 1,039 992
Inventories - net 696 661
Prepaid and other current assets 90 70
Total current assets 2,682 2,638
Property, plant and equipment - net of accumulated depreciation (March 31, 2026 - 1,478; December 31, 2025 - 1,450) 1,692 1,701
Other Assets    
Goodwill 7,514 7,522
Other intangible assets 1,061 1,111
Investments and noncurrent receivables 417 402
Deferred income tax assets 40 42
Deferred charges and other assets 657 654
Total other assets 9,689 9,731
Total Assets 14,063 14,070
Current Liabilities    
Short-term borrowings 23 24
Accounts payable 699 680
Income taxes payable 162 150
Accrued and other current liabilities 379 502
Total current liabilities 1,263 1,356
Long-Term Debt 4,000 4,003
Other Noncurrent Liabilities    
Deferred income tax liabilities 259 273
Pensions and other post-employment benefits - noncurrent 80 80
Other noncurrent obligations 1,000 992
Total other noncurrent liabilities 1,339 1,345
Total Liabilities 6,602 6,704
Commitments and contingent liabilities (Note 13)
Stockholders' Equity    
Common stock (authorized 1,666,666,667 shares of $0.01 par value each; issued 2026: 209,440,670 shares; 2025: 209,479,173 shares) 2 2
Preferred stock (authorized 1 share of $1.50 million par value each; issued 2026: 1 share; 2025: 1 share 2 2
Additional paid-in capital 7,276 7,286
Retained earnings 170 18
Accumulated other comprehensive loss (264) (213)
Total Qnity equity 7,186 7,095
Noncontrolling interests 275 271
Total equity 7,461 7,366
Total Liabilities and Equity $ 14,063 $ 14,070