v3.26.1
Note 5 - Other Long-term Liabilities
 6 Months Ended
Jun. 30, 2026
Payables and Accruals [Abstract]  
Other Long-term Liabilities

NOTE 5: OTHER LONG-TERM LIABILITIES

 

 

 

June 30,

 

 

December 31,

 

(in millions)

 

2026

 

 

2025

 

Workers' compensation

 

$

49

 

 

$

51

 

Asset retirement obligations

 

 

44

 

 

 

44

 

Deferred taxes

 

 

29

 

 

 

28

 

Deferred brand licensing revenue

 

 

49

 

 

 

52

 

Environmental liabilities

 

 

10

 

 

 

9

 

Embedded preferred stock derivative liability (1)

 

 

40

 

 

 

—

 

Other

 

 

25

 

 

 

23

 

Total

 

$

246

 

 

$

207

 

 

(1)
Refer to Note 7, "Redeemable, Convertible Preferred Stock" for additional details and Note 20, "Financial Instruments" for valuation of this derivative.

 

The Other component above consists of other miscellaneous long-term liabilities that, individually, were less than 5% of the total liabilities component in the accompanying Consolidated Statement of Financial Position, and therefore have been aggregated in accordance with Regulation S-X.