The following table sets forth the components of the Company’s accounts and notes receivable, net at June 30, 2026 and December 31, 2025.


	June 30, 2026		December 31, 2025
Accounts receivable - trade, net (1)	$	773	$	562
VAT, GST, and other taxes (2)		111		96
Other receivables (3)		23		21
Total accounts and notes receivable, net	$	907	$	679

(1)

Accounts receivable - trade, net includes trade notes receivable of $8 and $1 at June 30, 2026 and December 31, 2025, respectively, and is net of allowances for doubtful accounts of $2 at each of the dates. Such allowances are equal to the estimated uncollectible amounts.

(2)

Value added tax (“VAT”) and goods and services tax (“GST”) for various jurisdictions.

(3)

Other receivables consist of derivative instruments, advances, and other deposits including receivables under the terms of the MOU. For details of the MOU, see “Note 17 – Commitments and Contingent Liabilities”.

Accounts and notes receivable are carried at amounts that approximate fair value. Bad debt expense amounted to less than $1 for both of the three and six months ended June 30, 2026, respectively, and less than $1 for both the three and six months ended June 30, 2025, respectively.

The Company participates in several financing facilities maintained by its customers. These facilities allow the Company to monetize certain of its receivables prior to their due date. The Company receives a discounted amount from the financial institution which varies depending on the timing of the payment from the financing institution in relation to the invoice due date from the customer. The Company classifies cash received from the financial institutions as an operating cash flow.