v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 66 $ 147
Accounts receivable (net of allowance for doubtful accounts of $1 and $2) 357 355
Other receivables 17 10
Inventories 718 584
Other current assets 27 20
Total current assets 1,185 1,116
Property, plant and equipment (net of accumulated depreciation of $1,081 and $1,034) 855 823
Operating lease right-of-use assets, net 111 98
Goodwill 1,895 1,895
Intangible assets, net 931 943
Other assets 102 61
Total assets 5,079 4,936
Liabilities    
Accounts payable 433 387
Current operating lease liabilities 27 23
Income taxes payable 1 14
Accrued and other current liabilities 199 153
Total current liabilities 660 577
Long-term debt 1,530 1,580
Long-term operating lease liabilities 91 81
Deferred income taxes 370 350
Long-term postretirement benefit obligation 13 13
Other liabilities 105 82
Total liabilities 2,769 2,683
Commitments and contingencies (Note 7)
Stockholders’ equity    
Common stock, $0.001 par value; 2,000 shares authorized; 210.8 shares issued and outstanding 0 0
Additional paid-in capital 1,432 1,431
Accumulated other comprehensive income 25 20
Retained earnings 853 802
Total stockholders’ equity 2,310 2,253
Total liabilities and stockholders’ equity $ 5,079 $ 4,936