v3.26.1
Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)
shares in Millions, $ in Millions
Total
Common Stock
Common Stock Held in Treasury
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2024 $ 1,544 $ 0 $ (2) $ 234 $ 1,536 $ (224)
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income (170)       (170)  
Issuance of common stock (in shares)   0        
Issuance of common stock 2,498     2,498    
Purchases of Treasury Stock 0   2 (2)    
Common stock cash dividends (10)       (10)  
Foreign currency translation adjustments 423         423
Derivatives designated as hedges (24)         (24)
Pension and other postretirement benefits adjustments 112         112
Stock-based compensation expense 9     9    
Taxes withheld on issuance of stock-based awards (8)     (8)    
Ending balance at Jun. 30, 2025 4,374 $ 0 0 2,731 1,356 287
Beginning balance at Mar. 31, 2025 4,107 0 0 2,727 1,358 22
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 3       3  
Common stock cash dividends (5)       (5)  
Foreign currency translation adjustments 269         269
Derivatives designated as hedges (4)         (4)
Pension and other postretirement benefits adjustments 0          
Stock-based compensation expense 5     5    
Taxes withheld on issuance of stock-based awards (1)     (1)    
Ending balance at Jun. 30, 2025 4,374 0 0 2,731 1,356 287
Beginning balance at Dec. 31, 2025 4,464 1 0 2,717 1,465 281
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 73       73  
Purchases of Treasury Stock (26)   (26)      
Common stock cash dividends (11)       (11)  
Foreign currency translation adjustments (37)         (37)
Derivatives designated as hedges 0         0
Pension and other postretirement benefits adjustments 0          
Stock-based compensation expense 19     19    
Taxes withheld on issuance of stock-based awards (10)     (10)    
Other 0     0    
Ending balance at Jun. 30, 2026 4,472 1 (26) 2,726 1,527 244
Beginning balance at Mar. 31, 2026 4,483 1 0 2,715 1,505 262
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 28       28  
Purchases of Treasury Stock (26)   (26)      
Common stock cash dividends (6)       (6)  
Foreign currency translation adjustments (20)         (20)
Derivatives designated as hedges 2         2
Pension and other postretirement benefits adjustments 0          
Stock-based compensation expense 12     12    
Taxes withheld on issuance of stock-based awards (1)     (1)    
Other 0     0    
Ending balance at Jun. 30, 2026 $ 4,472 $ 1 $ (26) $ 2,726 $ 1,527 $ 244