v3.26.1
Shareowners' Equity
 6 Months Ended
Jun. 30, 2026
Stockholders' Equity Note [Abstract]  
Shareowners' Equity Shareowners’ Equity
Authorized Capital Stock
The Company’s authorized capital stock consists of 500,000,000 shares of common stock, par value $0.01 per share, and 10,000,000 shares of preferred stock, without par value.
The following table sets forth the changes in the number of shares of common stock outstanding during the three and six months ended June 30, 2026.
For The Three Months Ended June 30,For The Six Months Ended June 30,
(in millions)20262026
Balance as of beginning of period158.8 158.7 
Common stock issued under employee compensation plans, net— 0.1 
Common stock acquired— — 
Balance as of end of period158.8 158.8 
Changes in Accumulated Other Comprehensive Loss by Component
The changes in Accumulated other comprehensive loss are provided in the table below.
Foreign Exchange Translation AdjustmentPension AdjustmentsChanges in Fair Value of Cash Flow HedgesTotal
Balance as of December 31, 2025
$(120)$(8)$2 $(127)
Other comprehensive income (loss) before reclassifications
(15)— — (15)
Amounts reclassified from accumulated other comprehensive loss
— — — — 
Net current period other comprehensive income (loss)
(15)— — (15)
Balance as of June 30, 2026
$(135)$(8)$2 $(142)
Balance as of December 31, 2024
$(218)$(5)$10 $(213)
Other comprehensive income (loss) before reclassifications
88 (2)(37)49 
Amounts reclassified from accumulated other comprehensive loss
— — — — 
Net current period other comprehensive income (loss)
88 (2)(37)49 
Balance as of June 30, 2025
$(130)$(7)$(27)$(164)
Amounts reclassified out of Accumulated other comprehensive loss related to pension adjustments are included within Other expense (income) in the Consolidated Statements of Operations. Amounts reclassified out of Accumulated other comprehensive loss related to cash flow hedges are included within Cost of products and services sold in the Consolidated Statements of Operations.