v3.26.1
Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 331 $ 469
Accounts receivable    
Trade, less allowance for doubtful accounts of $12 in 2026 and $15 in 2025 1,287 987
Other 286 254
Inventories 980 1,015
Other current assets 285 114
Current assets of disposal group held for sale 36 1,029
Total current assets 3,205 3,868
Intangibles 58 71
Deferred tax assets 495 534
Other noncurrent assets 114 102
Investments in affiliates 112 102
Operating lease assets 166 305
Property, plant and equipment, net 1,942 1,872
Noncurrent assets of disposal group held for sale 21 954
Total assets 6,113 7,808
Current liabilities    
Short-term debt 0 615
Current portion of long-term debt 27 30
Accounts payable 1,301 1,154
Accrued payroll and employee benefits 170 210
Taxes on income 78 75
Current portion of operating lease liabilities 34 41
Other accrued liabilities 532 495
Current liabilities of disposal group held for sale 14 688
Total current liabilities 2,156 3,308
Long-term debt, less debt issuance costs of $8 in 2026 and $16 in 2025 1,317 2,566
Noncurrent operating lease liabilities 125 266
Pension and postretirement obligations 241 249
Other noncurrent liabilities 291 337
Noncurrent liabilities of disposal group held for sale 183
Total liabilities 4,130 6,909
Commitments and contingencies (Note 12)
Parent company stockholders' equity    
Preferred stock, 50,000,000 shares authorized, $0.01 par value, no shares outstanding 0 0
Common stock, 450,000,000 shares authorized, $0.01 par value, 107,576,158 and 112,284,138 shares outstanding 1 1
Additional paid-in capital 1,518 1,671
Retained earnings 1,290 235
Treasury stock, at cost (2,508,917 and 1,944,700 shares) (52) (35)
Accumulated other comprehensive loss (837) (1,032)
Total parent company stockholders' equity 1,920 840
Noncontrolling interests 63 59
Total equity 1,983 899
Total liabilities and equity $ 6,113 $ 7,808