v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 961 $ 915
Accounts and notes receivable - net 1,138 992
Inventories - net 730 661
Prepaid and other current assets 67 70
Total current assets 2,896 2,638
Property, plant and equipment - net of accumulated depreciation (June 30, 2026 - 1,511; December 31, 2025 - 1,450) 1,777 1,701
Other Assets    
Goodwill 7,518 7,522
Other intangible assets 1,015 1,111
Investments and noncurrent receivables 427 402
Deferred income tax assets 38 42
Deferred charges and other assets 660 654
Total other assets 9,658 9,731
Total Assets 14,331 14,070
Current Liabilities    
Short-term borrowings 23 24
Accounts payable 790 680
Income taxes payable 120 150
Accrued and other current liabilities 509 502
Total current liabilities 1,442 1,356
Long-Term Debt 3,997 4,003
Other Noncurrent Liabilities    
Deferred income tax liabilities 228 273
Pensions and other post-employment benefits - noncurrent 80 80
Other noncurrent obligations 1,038 992
Total other noncurrent liabilities 1,346 1,345
Total Liabilities 6,785 6,704
Commitments and contingent liabilities (Note 13)
Stockholders' Equity    
Common stock (authorized 1,666,666,667 shares of $0.01 par value each; issued 2026: 209,334,927 shares; 2025: 209,479,173 shares) 2 2
Preferred stock (authorized 1 share of $1.50 million par value each; issued 2026: 1 share; 2025: 1 share) 2 2
Additional paid-in capital 7,266 7,286
Retained earnings 260 18
Accumulated other comprehensive loss (269) (213)
Total Qnity equity 7,261 7,095
Noncontrolling interests 285 271
Total equity 7,546 7,366
Total Liabilities and Equity $ 14,331 $ 14,070