| Summary of Financial Information of Company's Reportable Segments |
The following table presents results of operations of the Company’s reportable segments (in millions):
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United States |
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|
Canada |
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|
International |
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|
Total |
|
Three months ended June 30, 2026 |
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|
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|
|
|
|
|
|
|
|
Revenue |
|
$ |
1,109 |
|
|
$ |
47 |
|
|
$ |
151 |
|
|
$ |
1,307 |
|
Cost of products |
|
|
916 |
|
|
|
36 |
|
|
|
112 |
|
|
|
1,064 |
|
Gross Profit |
|
|
193 |
|
|
|
11 |
|
|
|
39 |
|
|
|
243 |
|
Selling, general and administrative expenses |
|
|
197 |
|
|
|
10 |
|
|
|
31 |
|
|
|
238 |
|
Impairment and other charges |
|
|
4 |
|
|
|
— |
|
|
|
— |
|
|
|
4 |
|
Operating (loss) profit |
|
$ |
(8 |
) |
|
$ |
1 |
|
|
$ |
8 |
|
|
|
1 |
|
Other expense |
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|
|
|
|
|
|
|
|
|
|
(10 |
) |
Loss before income taxes |
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|
|
|
|
|
|
|
|
|
$ |
(9 |
) |
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|
Six months ended June 30, 2026 |
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Revenue |
|
$ |
2,094 |
|
|
$ |
98 |
|
|
$ |
298 |
|
|
$ |
2,490 |
|
Cost of products |
|
|
1,755 |
|
|
|
75 |
|
|
|
224 |
|
|
|
2,054 |
|
Gross Profit |
|
|
339 |
|
|
|
23 |
|
|
|
74 |
|
|
|
436 |
|
Selling, general and administrative expenses |
|
|
397 |
|
|
|
21 |
|
|
|
63 |
|
|
|
481 |
|
Impairment and other charges |
|
|
4 |
|
|
|
— |
|
|
|
— |
|
|
|
4 |
|
Operating (loss) profit |
|
$ |
(62 |
) |
|
$ |
2 |
|
|
$ |
11 |
|
|
|
(49 |
) |
Other expense |
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|
|
|
|
|
|
|
|
|
|
(20 |
) |
Loss before income taxes |
|
|
|
|
|
|
|
|
|
|
$ |
(69 |
) |
|
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|
|
|
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|
Three months ended June 30, 2025 |
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Revenue |
|
$ |
528 |
|
|
$ |
48 |
|
|
$ |
52 |
|
|
$ |
628 |
|
Cost of products |
|
|
422 |
|
|
|
36 |
|
|
|
41 |
|
|
|
499 |
|
Gross Profit |
|
|
106 |
|
|
|
12 |
|
|
|
11 |
|
|
|
129 |
|
Selling, general and administrative expenses |
|
|
91 |
|
|
|
12 |
|
|
|
9 |
|
|
|
112 |
|
Operating profit |
|
$ |
15 |
|
|
$ |
— |
|
|
$ |
2 |
|
|
|
17 |
|
Other income |
|
|
|
|
|
|
|
|
|
|
|
— |
|
Income before income taxes |
|
|
|
|
|
|
|
|
|
|
$ |
17 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 30, 2025 |
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|
|
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Revenue |
|
$ |
1,002 |
|
|
$ |
110 |
|
|
$ |
115 |
|
|
$ |
1,227 |
|
Cost of products |
|
|
786 |
|
|
|
82 |
|
|
|
92 |
|
|
|
960 |
|
Gross Profit |
|
|
216 |
|
|
|
28 |
|
|
|
23 |
|
|
|
267 |
|
Selling, general and administrative expenses |
|
|
180 |
|
|
|
24 |
|
|
|
17 |
|
|
|
221 |
|
Operating profit |
|
$ |
36 |
|
|
$ |
4 |
|
|
$ |
6 |
|
|
|
46 |
|
Other income |
|
|
|
|
|
|
|
|
|
|
|
— |
|
Income before income taxes |
|
|
|
|
|
|
|
|
|
|
$ |
46 |
|
The following table presents depreciation and amortization of the Company’s reportable segments (in millions):
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Three months ended June 30, |
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|
Six months ended June 30, |
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Depreciation and amortization |
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|
|
|
|
|
|
|
|
|
|
United States |
$ |
22 |
|
|
$ |
10 |
|
|
$ |
44 |
|
|
$ |
20 |
|
Canada |
|
1 |
|
|
|
— |
|
|
|
1 |
|
|
|
1 |
|
International |
|
— |
|
|
|
— |
|
|
|
1 |
|
|
|
— |
|
Total |
$ |
23 |
|
|
$ |
10 |
|
|
$ |
46 |
|
|
$ |
21 |
|
The following table presents property, plant and equipment, net and total assets of the Company’s reportable segments (in millions):
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|
June 30, 2026 |
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|
December 31, 2025 |
|
Property, plant and equipment, net |
|
|
|
|
|
|
United States |
|
$ |
233 |
|
|
$ |
237 |
|
Canada |
|
|
8 |
|
|
|
10 |
|
International |
|
|
16 |
|
|
|
17 |
|
Total |
|
$ |
257 |
|
|
$ |
264 |
|
|
|
|
|
|
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|
Total assets |
|
|
|
|
|
|
United States |
|
$ |
3,207 |
|
|
$ |
3,222 |
|
Canada |
|
|
130 |
|
|
|
166 |
|
International |
|
|
479 |
|
|
|
536 |
|
Total |
|
$ |
3,816 |
|
|
$ |
3,924 |
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