v3.26.1
Financial Instruments and Fair Value Measurement (Tables)
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Swap Positions
The following table summarizes the Company's current interest rate swap positions as of June 30, 2026 and December 31, 2025.

StartEndNotional Amount (In Millions)Weighted Average Interest Rate
05/01/202505/01/2027$5003.50%
Schedule of Derivative Instruments
Derivative Assets(a)
Derivative Liabilities(b)
June 30,December 31,June 30,December 31,
In millions2026202520262025
Derivatives Designated as Hedging Instruments:
Commodity Contracts$— $— $5 $5 
Foreign Currency Contracts1 — — 1 
Interest Rate Swap Agreements2 — — 1 
Derivatives Not Designated as Hedging Instruments:
Foreign Currency Contracts1 — — 1 
Total$4 $— $5 $8 
(a)Derivative assets of $4 million are included in Other Current Assets as of June 30, 2026.
(b)Derivative liabilities of $5 million and $8 million are included in Other Accrued Liabilities as of June 30, 2026 and December 31, 2025, respectively.
Schedule of Effect of Derivative Instruments
The pre-tax effect of derivative instruments in cash flow hedging relationships in the Company's Condensed Consolidated Statements of Operations is as follows:

Amount of Loss (Gain) Recognized in Accumulated Other Comprehensive LossAmount of Loss (Gain) Recognized in Condensed Consolidated Statements of Operations
Three Months Ended June 30,Six Months Ended June 30,Three Months Ended June 30,Six Months Ended June 30,
In millions2026202520262025Location in Statement of Operations2026202520262025
Commodity Contracts$2 $8 $1 $— Cost of Sales$3 $(1)$1 $(2)
Foreign Currency Contracts— 1 (2)1 Other Expense, Net— — — — 
Interest Rate Swap Agreements(1)(1)(3)(1)Interest Expense, Net— (1)— (1)
Total$1 $8 $(4)$— $3 $(2)$1 $(3)
The pre-tax effect of derivative instruments not designated as hedging instruments in the Company's Condensed Consolidated Statements of Operations is as follows:

Amount of (Gain) Loss Recognized in Condensed Consolidated Statements of Operations
Three Months Ended June 30,Six Months Ended June 30,
In millionsLocation in Statement of Operations2026202520262025
Foreign Currency ContractsOther Expense, Net$(1)$7 $(2)$9