v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Statement of Financial Position [Abstract]    
Cash and Cash Equivalent $ 12 $ 11
Trade (net of allowance for doubtful receivables 2026: $-; 2025: $-) 18 17
Accounts Receivable from Related Companies 890 684
Other Receivables, Net, Current 18 18
Income taxes receivable 5 0
Notes receivable from related companies 8 7
Inventories 303 278
Other current assets 36 45
Total current assets 1,290 1,060
Investments in related companies 237 237
Other investments 8 13
Noncurrent receivables 13 13
Noncurrent receivables from related companies 1,762 1,724
Total investments 2,020 1,987
Property 5,886 5,858
Less accumulated depreciation 4,824 4,747
Net property 1,062 1,111
Intangible assets (net of accumulated amortization 2026: $97; 2025: $96) 5 5
Operating lease right-of-use assets 51 56
Deferred Tax Assets, Deferred Income 282 289
Deferred charges and other assets 17 16
Total other assets 355 366
Total Assets 4,727 4,524
Notes payable to related companies 225 118
Long-term debt due within one year 2 2
Trade 303 220
Accounts Payable to Related Company 471 445
Other 25 17
Operating lease liabilities - current 12 12
Income taxes payable 3 20
Asbestos-related liabilities - current 81 80
Accrued and other current liabilities 153 120
Total current liabilities 1,275 1,034
Long-Term Debt 142 143
Pension and other postretirement benefits - noncurrent 398 413
Asbestos-related liabilities - noncurrent 582 628
Operating lease liabilities - noncurrent 40 44
Other noncurrent obligations 244 246
Liabilities, Other than Long-term Debt, Noncurrent 1,264 1,331
Common stock (authorized: 1,000 shares of $0.01 par value each; issued: 935.51 shares) 0 0
Additional paid-in capital 1,034 1,034
Retained earnings 2,293 2,293
Accumulated other comprehensive loss (1,281) (1,311)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 2,046 2,016
Total Liabilities and Equity $ 4,727 $ 4,524