v3.26.1
Condensed Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Net Sales $ 6,004 $ 6,142 $ 11,975 $ 11,406
Costs and Expenses        
Cost of products sold 4,344 4,422 8,588 8,227
Selling and administrative expenses 564 525 1,074 1,012
Depreciation and amortization 488 431 977 951
Distribution expenses 523 516 1,036 933
Taxes other than payroll and income taxes 42 41 83 128
Restructuring charges, net 9 39 32 122
Net (gains) losses on sales and impairments of businesses (11) (51) (11) (51)
Net (gains) losses on sales and impairments of assets 0 0 0 (67)
Interest expense, net 87 108 163 192
Non-operating pension expense (income) (16) (5) (34) (2)
Earnings (Loss) From Continuing Operations Before Income Taxes and Equity Earnings (Loss) (26) 116 67 (39)
Income tax provision (benefit) (15) 40 2 8
Equity earnings (loss), net of taxes (1) (1) (1) (2)
Earnings (Loss) From Continuing Operations (12) 75 64 (49)
Discontinued operations, net of taxes 0 0 (16) 19
Net Earnings (Loss) $ (12) $ 75 $ 48 $ (30)
Basic Earnings (Loss) Per Share        
Earnings (loss) from continuing operations (in dollars per share) $ (0.02) $ 0.14 $ 0.12 $ (0.10)
Discontinued operations (in dollars per share) 0 0 (0.03) 0.04
Net earnings (loss) (in dollars per share) (0.02) 0.14 0.09 (0.06)
Diluted Earnings (Loss) Per Share        
Earnings (loss) from continuing operations (in dollars per share) (0.02) 0.14 0.12 (0.10)
Discontinued operations (in dollars per share) 0 0 (0.03) 0.04
Net earnings (loss) (in dollars per share) $ (0.02) $ 0.14 $ 0.09 $ (0.06)
Average Shares of Common Stock Outstanding - assuming dilution (in shares) 529.5 532.6 531.8 483.0