The Company is a party to arrangements involving securitization of its trade receivables. The carrying values of the restricted asset

and limited recourse liability as of June 30, 2026 ($860 million and $365 million, respectively) and as of December 31, 2025

($874 million and $374 million, respectively) approximate their fair values due to the short-term nature of the securitized assets and

The Company is also a party to an arrangement involving securitization of its note receivable. The carrying values of the restricted

asset and non-recourse liability as of June 30, 2026 ($393 million and $336 million, respectively) and as of December 31, 2025

($391 million and $335 million, respectively) approximate their fair values due to their floating rates. The fair values of the restricted

For the details of the structure, purpose, legal terms and conclusions as to the primary beneficiary of these Variable Interest Entities

(“VIEs”), refer to “Note 22. Variable Interest Entities” of the 2025 Consolidated Financial Statements.

The carrying amounts of the assets and liabilities of VIEs reported within the Condensed Consolidated Balance Sheets are set out in


	June 30,	December 31,
	2026	2025
Assets
Current assets:
Cash and cash equivalents	$1	$3
Accounts receivable	860	876
Inventories	—	1
Other current assets	4	4
Non-current assets:
Property, plant and equipment, net	61	60
Other non-current assets	394	393
Total assets	$1,320	$1,337

Liabilities
Current liabilities:
Accounts payable	$1	$1
Current portion of debt	1	1
Other current liabilities	5	7
Non-current liabilities:
Non-current debt due after one year	366	376
Other non-current liabilities	336	335
Total liabilities	$709	$720