v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Mar. 31, 2026
Dec. 31, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Current Assets:            
Cash and cash equivalents $ 729   $ 1,922      
Accounts receivable, net 2,057   1,113      
Inventories, net 1,553   1,490      
Prepaid expenses and other current assets 245   88      
Total current assets 4,584   4,613      
Property, plant and equipment, net 8,454   7,936      
Goodwill 9,044   9,044      
Intangible assets, net 1,682   1,728      
Operating lease right-of-use assets, net 601   615      
Other noncurrent assets 238   273      
Total Assets 24,603   24,209      
Current Liabilities:            
Accounts payable 1,347   1,530      
Short-term borrowings 735   0      
Current portion of long-term debt 1,034   333      
Operating lease liabilities 132   136      
Other current liabilities 906   886      
Total current liabilities 4,154   2,885      
Long-term debt 4,235   4,936      
Deferred income tax liabilities 1,146   1,042      
Noncurrent operating lease liabilities 497   500      
Other noncurrent liabilities 1,713   1,725      
Total Liabilities 11,745   11,088      
Commitments and contingencies (see Note 18)        
Equity            
Common stock, par value of $0.01 per share, 680,250,615 shares authorized, 566,875,513 issued and 549,779,621 outstanding as of June 30, 2026 566,875,513 issued and 553,082,525 outstanding as of December 31, 2025 6   6      
Additional paid-in capital 12,590   12,569      
Retained earnings 997   930      
Treasury stock, 17,095,892 shares as of June 30, 2026 and 13,792,988 shares as of December 31, 2025 (194)   0      
Accumulated other comprehensive loss (533)   (380)      
Total equity attributable to the Company 12,866   13,125      
Noncontrolling interests (8)   (4)      
Total Equity 12,858 $ 12,966 13,121 $ 12,272 $ 9,607 $ 9,779
Total Liabilities and Equity $ 24,603   $ 24,209