v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 407 $ 772
Receivables (net of allowance of $10 and $9 at June 30, 2026 and December 31, 2025, respectively) 1,157 712
Inventories 1,656 1,109
Prepaid and other current assets 156 132
Total current assets 3,376 2,725
Non-current assets    
Property, plant and equipment – net 966 760
Goodwill 2,558 1,091
Intangible assets – net 2,906 1,027
Long-term deferred tax asset 157 207
Other assets 381 329
Total assets 10,344 6,139
Current liabilities    
Current portion of long-term debt 4 6
Trade accounts payable 1,022 683
Accrued compensation and benefits 165 123
Short-term customer advances 242 44
Other current liabilities 424 331
Total current liabilities 1,857 1,187
Non-current liabilities    
Long-term debt, less current portion 2,683 2,578
Long-term customer advances 187 20
Long-term deferred tax liabilities 396 8
Other non-current liabilities 296 251
Total liabilities 5,419 4,044
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.01 par value – authorized 300.0 shares; issued 134.4 and 85.5 shares at June 30, 2026 and December 31, 2025, respectively 1 1
Additional paid-in capital 3,817 942
Retained earnings 2,121 2,139
Accumulated other comprehensive loss (277) (265)
Shares of common stock in treasury – 20.8 and 20.6 shares at June 30, 2026 and December 31, 2025 (737) (722)
Total stockholders’ equity 4,925 2,095
Total liabilities and stockholders’ equity $ 10,344 $ 6,139