v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Net sales $ 8,031 $ 7,940 $ 15,743 $ 15,596
Cost of goods sold (6,632) (6,425) (13,076) (12,504)
Gross profit 1,399 1,515 2,667 3,092
Selling, general and administrative expenses (970) (963) (1,931) (1,936)
Impairment and restructuring costs (119) (280) (173) (295)
Transaction and integration-related expenses associated with the Combination (1) (21) (1) (57)
Operating profit 309 251 562 804
Interest expense, net (179) (182) (345) (349)
Pension and other postretirement non-service income, net 10 7 18 16
Other expense, net (12) (18) (23) (23)
Income before income taxes 128 58 212 448
Income tax expense (40) (84) (61) (92)
Net income (loss) 88 (26) 151 356
Net loss (income) attributable to noncontrolling interests 1 (2) 3 0
Net income (loss) attributable to common shareholders $ 89 $ (28) $ 154 $ 356
Basic earnings (loss) per share attributable to common shareholders (in dollars per share) $ 0.17 $ (0.05) $ 0.29 $ 0.68
Diluted earnings (loss) per share attributable to common shareholders (in dollars per share) $ 0.17 $ (0.05) $ 0.29 $ 0.68