v3.26.1
Segment Information - Schedule of Net Sales and Operating Income (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment information        
Net sales to unaffiliated customers $ 1,850 $ 1,833 $ 3,642 $ 3,646
Adjusted operating income (loss) 258 273 470 546
Unallocated income (costs) (70) (2) (79) 1
Operating income 188 271 391 547
T&HS        
Segment information        
Net sales to unaffiliated customers 627 599 1,244 1,201
F&II–LATAM        
Segment information        
Net sales to unaffiliated customers 611 596 1,190 1,169
F&II–U.S./Canada        
Segment information        
Net sales to unaffiliated customers 488 523 963 1,043
Operating Segments | T&HS        
Segment information        
Net sales to unaffiliated customers 662 608 1,288 1,219
Segment cost of sales 434 407 871 833
Other operating expenses 76 81 156 158
Adjusted operating income (loss) 117 111 217 210
Operating Segments | F&II–LATAM        
Segment information        
Net sales to unaffiliated customers 622 610 1,211 1,196
Segment cost of sales 462 434 895 854
Other operating expenses 31 35 62 61
Adjusted operating income (loss) 118 127 233 254
Operating Segments | F&II–U.S./Canada        
Segment information        
Net sales to unaffiliated customers 536 550 1,038 1,103
Segment cost of sales 408 417 826 822
Other operating expenses 22 20 45 43
Adjusted operating income (loss) 58 86 92 178
All Other and Inter-segment sales        
Segment information        
Net sales to unaffiliated customers 124 115 245 233
All Other        
Segment information        
Net sales to unaffiliated customers 132 119 257 240
Segment cost of sales 99 98 202 199
Other operating expenses 19 18 34 35
Adjusted operating income (loss) 6 (1) 9 (1)
Inter-segment sales        
Segment information        
Net sales to unaffiliated customers (8) (4) (12) (7)
Inter-segment sales | T&HS        
Segment information        
Net sales to unaffiliated customers (35) (9) (44) (18)
Inter-segment sales | F&II–LATAM        
Segment information        
Net sales to unaffiliated customers (11) (14) (21) (27)
Inter-segment sales | F&II–U.S./Canada        
Segment information        
Net sales to unaffiliated customers (48) (27) (75) (60)
Corporate        
Segment information        
Segment cost of sales 0 0 0 0
Other operating expenses 41 50 81 95
Adjusted operating income (loss) $ (41) $ (50) $ (81) $ (95)