Segment Information (Tables)

6 Months Ended

Jun. 30, 2026

Segment Information

Schedule of segment operating profit (loss) for the Company's reportable segments


		Three months ended June 30,
		2026									2025
			Americas			Europe			Total			Americas			Europe			Total
Reportable segment net sales		$	949		$	704		$	1,653		$	943		$	741		$	1,684
Other									15									22
Net Sales								$	1,668								$	1,706
Less:
Cost of goods sold			767			672						772			615
Selling, administrative, engineering and research and development expenses			32			33						42			46
Equity earnings			(23)			(6)						(19)			(9)
Other segment expenses (income)			8			(1)						13			(1)
Segment operating profit		$	165		$	6		$	171		$	135		$	90		$	225
Items excluded from segment operating profit:
Reconciliation of segment operating profit
Retained corporate costs and other									(24)									(25)
Goodwill impairment									(873)
Restructuring, asset impairment and other charges									(17)									(108)
Gain on sale of joint venture and misc. assets									2
Interest expense, net									(86)									(85)
Earnings (loss) before income taxes								$	(827)								$	7


		Six months ended June 30,
		2026									2025
			Americas			Europe			Total			Americas			Europe			Total
Reportable segment net sales		$	1,819		$	1,359		$	3,178		$	1,816		$	1,407		$	3,223
Other									29									50
Net Sales									3,207								$	3,273

Less:
Cost of goods sold			1,473			1,294						1,475			1,173
Selling, administrative, engineering and research and development expenses			68			72						85			92
Equity earnings			(43)			(12)						(38)			(13)
Other segment expenses (income)			14			(1)						18			(3)
Segment operating profit		$	307		$	6		$	313		$	276		$	158		$	434
Items excluded from segment operating profit:
Reconciliation of segment operating profit
Retained corporate costs and other									(56)									(53)
Goodwill impairment									(873)
Restructuring, asset impairment and other charges									(55)									(191)
Gain (loss) on sale of joint venture and misc. assets									(44)									6
Legacy environmental charge																		(4)
Interest expense, net									(165)									(166)
Earnings (loss) before income taxes								$	(880)								$	26

Schedule of assets, equity investments, equity earnings, capital expenditures and depreciation and amortization expense for the Company's reportable segments


		As of June 30,
								Reportable			Retained			Consoli-
								Segment			Corp Costs			dated
		Americas			Europe			Totals			and Other			Totals
Total assets:
2026		$	4,864		$	2,900		$	7,764		$	324		$	8,088
2025			4,841			3,984			8,825			354			9,179
Equity investments:
2026		$	468		$	208		$	676		$	34		$	710
2025			475			201			676			36			712


		Three months ended June 30,
								Reportable			Retained			Consoli-
								Segment			Corp Costs			dated
		Americas			Europe			Totals			and Other			Totals
Equity earnings:
2026		$	23		$	6		$	29		$	—		$	29
2025			19			9			28			—			28
Capital expenditures:
2026		$	49		$	46		$	95		$	—		$	95
2025			41			48			89			15			104
Depreciation and amortization expense:
2026		$	73		$	43		$	116		$	4		$	120
2025			70			43			113			5			118


		Six months ended June 30,
								Reportable			Retained			Consoli-
								Segment			Corp Costs			dated
		Americas			Europe			Totals			and Other			Totals
Equity earnings:
2026		$	43		$	12		$	55		$	—		$	55
2025			38			13			51			—			51
Capital expenditures:
2026		$	114		$	122		$	236		$	1		$	237
2025			103			120			223			16			239
Depreciation and amortization expense:
2026		$	144		$	85		$	229		$	7		$	236
2025			143			80			223			10			233

Total assets for the Company's reportable segments


		As of June 30,
		U.S.			Non-U.S.			Total
2026		$	779		$	2,846		$	3,625
2025			798			2,854			3,652

Schedule of segment information by geographic segment


		Three months ended June 30,
		U.S.			Non-U.S.			Total
2026		$	427		$	1,241		$	1,668
2025			446			1,260			1,706


		Six months ended June 30,
		U.S.			Non-U.S.			Total
2026		$	834		$	2,373		$	3,207
2025			888			2,385			3,273