v3.26.1
Supplemental Data
 6 Months Ended
Jun. 30, 2026
Supplemental Data [Abstract]  
Supplemental Data Supplemental Balance Sheet Data
The following schedule presents a summary of inventories by major class:
June 30, 2026December 31, 2025
LIFONon-LIFOTotalLIFONon-LIFOTotal
Raw materials$114 $215 $329 $114 $197 $311 
Work in process119 35 154 111 38 149 
Finished goods520 477 997 484 468 952 
Supplies and other— 250 250 — 254 254 
753 977 1,730 709 957 1,666 
Excess of FIFO or weighted-average cost over LIFO cost(191)— (191)(191)— (191)
Total$562 $977 $1,539 $518 $957 $1,475 
Inventories are valued at the lower of cost or net realizable value, determined on the FIFO or weighted-average cost methods, and at the lower of cost or market, determined on the LIFO cost method.
The following schedule presents a summary of property, plant and equipment, net:
June 30, 2026December 31, 2025
Land$143 $134 
Buildings2,375 2,354 
Machinery and equipment12,873 12,820 
Construction in progress1,450 1,201 
16,841 16,509 
Less accumulated depreciation(9,893)(9,734)
Total$6,948 $6,775 
Supplier Finance Program
We have a supplier finance program managed through two global financial institutions under which we agree to pay the financial institutions the stated amount of confirmed invoices from our participating suppliers on the invoice due date. We, or the global financial institutions, may terminate our agreements at any time upon 30 days written notice. The global financial institutions may terminate our agreements at any time upon three days written notice in the event there are insufficient funds available for disbursement. We do not provide any forms of guarantees under these agreements. Supplier participation in the program is solely up to the supplier, and the participating suppliers negotiate their arrangements directly with the global financial institutions. We have no economic interest in a supplier’s decision to participate in the program, and their participation has no bearing on our payment terms or amounts due. The payment terms that we have with our suppliers under this program generally range from 75 to 180 days and are considered commercially reasonable. The outstanding amount related to the suppliers participating in this program was $1.1 billion as of June 30, 2026 and December 31, 2025, of which $186 and $184, respectively, are reported as discontinued operations. Amounts are recorded within Trade accounts payable and Current liabilities of discontinued operations.