v3.26.1
Derivative and Other Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The following tables set forth financial information about the impact on other comprehensive income ("OCI"), accumulated other comprehensive income ("AOCI") and earnings from changes in the fair value of derivative instruments.
Amount of gain/(loss) recognized in OCIAmount of gain/(loss) recognized in OCI
Three Months Ended June 30,Six Months Ended
June 30,
Derivatives in cash flow hedges2026202520262025
Commodities$(5)$2 $8 $(1)
Foreign exchange(2)— (2)1 
$(7)$2 $6 $— 
Amount of gain/(loss) reclassified from AOCI into incomeAmount of gain/(loss) reclassified from AOCI into income
Three Months Ended June 30,Six Months Ended
June 30,
Derivatives in cash flow hedges2026202520262025Affected line items in the Statement of Operations
Commodities$(15)$7 $(35)$4 Net sales
Commodities26 (4)49 — Cost of products sold, excluding depreciation and amortization
Foreign exchange(1)— (2)(1)Cost of products sold, excluding depreciation and amortization
10 3 12 3 Income before taxes and equity in net earnings of affiliates
(6)(1)(7)(1)Provision for income taxes
$4 $2 $5 $2 Net income
Schedule of Impact on Earnings from Derivatives Not Designated as Hedging Instruments
The following table sets forth the impact on earnings from derivatives not designated as hedges.
Pre-tax amounts of gain/(loss) recognized in incomePre-tax amounts of gain/(loss) recognized in income
Three Months Ended June 30,Six Months Ended
June 30,
Derivatives not designated as hedges2026202520262025Affected line item in the Statement of Operations
Foreign exchange$— $(1)$(1)$(1)Net sales
Foreign exchange— 1 — 1 Cost of products sold, excluding depreciation and amortization
Foreign exchange(3)(20)(16)(42)Foreign exchange
$(3)$(20)$(17)$(42)
Schedule of Derivative Instruments Included in Earnings
The following tables set forth financial information about the impact on accumulated other comprehensive income from changes in the fair value of derivative instruments designated as net investment hedges.

Amount of gain / (loss) recognized in AOCIAmount of gain / (loss) recognized in AOCI
Three Months Ended
June 30,		Six Months Ended
June 30,
Derivatives designated as net investment hedges2026202520262025
Foreign exchange$(2)$(89)$(6)$(117)
Schedule of Fair Value of Outstanding Derivative Instruments in the Consolidated Balance Sheets
The following table sets forth the Company's financial assets and liabilities that were accounted for at fair value on a recurring basis as of June 30, 2026 and December 31, 2025, respectively. The fair values of these financial instruments were reported under Level 2 of the fair value hierarchy.

Balance Sheet classificationJune 30,
2026		December 31, 2025Balance Sheet classificationJune 30,
2026		December 31, 2025
Derivatives designated as hedging instruments
Foreign exchange contracts cash flowPrepaid expenses and other current assets$2 $1 Accrued liabilities$2 $1 
Commodities contracts cash flowPrepaid expenses and other current assets33 29 Accrued liabilities14 8 
Other non-current assets1 2 Other non-current liabilities3 — 
Net investment hedgePrepaid expenses and other current assets— — Accrued liabilities— 27 
Other non-current assets— — Other non-current liabilities22 33 
$36 $32 $41 $69 
Derivatives not designated as hedging instruments
Foreign exchange contractsPrepaid expenses and other current assets$4 $1 Accrued liabilities$8 $2 
$4 $1 $8 $2 
Total derivatives$40 $33 $49 $71 
Schedule of Offsetting Derivative Assets and Liabilities In the table below, the aggregate fair values of the Company's derivative assets and liabilities are presented on both a gross and net basis, where appropriate.
Gross amounts recognized in the Balance SheetGross amounts not offset in the Balance SheetNet amount
Balance at June 30, 2026
Derivative assets$40$8$32
Derivative liabilities49841
Balance at December 31, 2025
Derivative assets$33$8$25
Derivative liabilities71863
Schedule of Notional Values of Outstanding Derivative Instruments in the Consolidated Balance Sheet
The aggregate U.S. dollar-equivalent notional values of outstanding derivative instruments in the Consolidated Balance Sheets at June 30, 2026 and December 31, 2025 were:
June 30, 2026December 31, 2025
Derivatives designated as cash flow hedges:
Foreign exchange$288 $133 
Commodities619 433 
Derivatives designated as net investment hedges:
Foreign exchange600 1,475 
Derivatives not designated as hedges:
Foreign exchange482 476