v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Reconciliation of Operating Profit (Loss) from Segments to Consolidated The following tables show selected financial data for our segments. Total assets by segment are not disclosed as this information is not
regularly provided to the Company’s chief operating decision maker (“CODM”).
Three months ended June 30, 2026
North America
Europe, MEA
and APAC
LATAM
Total
Net sales (unaffiliated customers)
$4,656
$2,816
$559
$8,031
Add net sales (intersegment)
87
10
—
97
Net sales (aggregate)
4,743
2,826
559
8,128
Less segment expenses:
Segment cost of goods sold
(3,596)
(2,114)
(388)
Segment selling, general and administrative expenses
(443)
(332)
(47)
(4,039)
(2,446)
(435)
(6,920)
Segment Adjusted EBITDA
$704
$380
$124
$1,208
Unallocated corporate costs
(68)
Depreciation, depletion and amortization
(678)
Impairment and restructuring costs
(119)
Transaction and integration-related expenses associated with
the Combination
(1)
Interest expense, net
(179)
Pension and other postretirement non-service income, net
10
Share-based compensation expense
(27)
Other expense, net
(12)
Other adjustments
(6)
Income before income taxes
$128
Three months ended June 30, 2025
North America
Europe, MEA
and APAC
LATAM
Total
Net sales (unaffiliated customers)
$4,652
$2,773
$515
$7,940
Add net sales (intersegment)
103
5
3
111
Net sales (aggregate)
4,755
2,778
518
8,051
Less segment expenses:
Segment cost of goods sold
(3,527)
(2,072)
(357)
Segment selling, general and administrative expenses
(476)
(334)
(38)
(4,003)
(2,406)
(395)
(6,804)
Segment Adjusted EBITDA
$752
$372
$123
$1,247
Unallocated corporate costs
(34)
Depreciation, depletion and amortization
(613)
Impairment and restructuring costs
(280)
Transaction and integration-related expenses associated with
the Combination
(21)
Interest expense, net
(182)
Pension and other postretirement non-service income, net
7
Share-based compensation expense
(36)
Other expense, net
(18)
Other adjustments
(12)
Income before income taxes
$58
Six months ended June 30, 2026
North America
Europe, MEA
and APAC
LATAM
Total
Net sales (unaffiliated customers)
$9,063
$5,581
$1,099
$15,743
Add net sales (intersegment)
182
16
—
198
Net sales (aggregate)
9,245
5,597
1,099
15,941
Less segment expenses:
Segment cost of goods sold
(7,055)
(4,142)
(763)
Segment selling, general and administrative expenses
(889)
(654)
(103)
(7,944)
(4,796)
(866)
(13,606)
Segment Adjusted EBITDA
$1,301
$801
$233
$2,335
Unallocated corporate costs
(119)
Depreciation, depletion and amortization
(1,406)
Impairment and restructuring costs
(173)
Transaction and integration-related expenses associated with
the Combination
(1)
Interest expense, net
(345)
Pension and other postretirement non-service income, net
18
Share-based compensation expense
(55)
Other expense, net
(23)
Other adjustments
(19)
Income before income taxes
$212
Six months ended June 30, 2025
North America
Europe, MEA
and APAC
LATAM
Total
Net sales (unaffiliated customers)
$9,230
$5,349
$1,017
$15,596
Add net sales (intersegment)
194
11
14
219
Net sales (aggregate)
9,424
5,360
1,031
15,815
Less segment expenses:
Segment cost of goods sold
(6,914)
(3,974)
(704)
Segment selling, general and administrative expenses
(973)
(625)
(89)
(7,887)
(4,599)
(793)
(13,279)
Segment Adjusted EBITDA
$1,537
$761
$238
$2,536
Unallocated corporate costs
(71)
Depreciation, depletion and amortization
(1,216)
Impairment and restructuring costs
(295)
Transaction and integration-related expenses associated with
the Combination
(57)
Interest expense, net
(349)
Pension and other postretirement non-service income, net
16
Share-based compensation expense
(79)
Other expense, net
(23)
Other adjustments
(14)
Income before income taxes
$448
Segment Reporting
Six months ended June 30,
2026
2025
Capital expenditures:
North America
$571
$580
Europe, MEA and APAC
397
315
LATAM
98
90
Total per reportable segments
$1,066
$985
Corporate
23
14
Total capital expenditures
$1,089
$999