v3.26.1
SUPPLEMENTAL FINANCIAL INFORMATION
 6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SUPPLEMENTAL FINANCIAL INFORMATION SUPPLEMENTAL FINANCIAL INFORMATION
Allowance for Doubtful Accounts
The following table is a summary of the changes in our allowance for doubtful accounts for the three and six months ended June 30, 2026 and 2025.
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2026202520262025
Balance at beginning of period$67 $66 $63 $71 
Charged (released) to costs and expenses(6)4 (1)— 
Write-offs(5)(1)(6)(3)
Currency translation adjustments— 2 — 3 
Balance at end of period$56 $71 $56 $71 
Inventories
(in millions)June 30,
2026		December 31,
2025
Raw materials$555 $536 
Work in process426 369 
Finished goods1,278 1,327 
Inventories$2,259 $2,232 
Other Current Assets
As of June 30, 2026, we have recorded International Emergency Economic Powers Act (IEEPA) tariff refunds receivable of approximately $65 million which are probable and are presented in prepaid expenses and other current assets in our condensed consolidated balance sheet.
Property, Plant and Equipment, Net
(in millions)June 30,
2026		December 31,
2025
Property, plant and equipment, at cost$8,177 $8,054 
Accumulated depreciation(5,264)(5,144)
Property, plant and equipment, net$2,913 $2,910 
Interest Expense, Net
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2026202520262025
Interest expense, net of capitalized interest$77 $72 $155 $153 
Interest income(13)(14)(25)(31)
Interest expense, net$64 $58 $130 $122 
Other (Income) Expense, Net
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2026202520262025
Foreign exchange losses, net$— $12 $3 12 
Pension and other postretirement benefit plans(6)(11)(13)(22)
Change in fair value of marketable equity securities2 (2)6 (1)
Investment impairments— — 5 9 
Other, net(1)1 — (1)
Other (income) expense, net$(5)$— $1 $(3)
Non-Cash Operating and Investing Activities
Right-of-use operating lease assets obtained in exchange for lease obligations for the six months ended June 30, 2026 and 2025 were $23 million and $12 million, respectively.
Purchases of property, plant and equipment included in accounts payable as of June 30, 2026 and 2025 were $40 million and $39 million, respectively.