v3.26.3
Acquisitions, Divestitures, and Discontinued Operations (Tables)
 9 Months Ended
Sep. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule Of Business Combination, Recognized Asset Acquired and Liability Assumed The following table summarizes the determination of the fair value of identifiable assets acquired and liabilities assumed that are included in the Consolidated Balance Sheet as of September 30, 2026:
Current assets$510 
Intangible assets691 
Other noncurrent assets453 
Current liabilities(231)
Noncurrent liabilities (210)
Net assets acquired1,213 
Goodwill578 
Purchase price$1,791 
The following table summarizes the determination of the fair value of identifiable assets acquired and liabilities assumed that are included in the Consolidated Balance Sheet as of September 30, 2026:
Current assets$276 
Intangible assets1,070 
Other noncurrent assets119 
Current liabilities(103)
Noncurrent liabilities (240)
Net assets acquired1,122 
Goodwill1,148 
Purchase price$2,270 
Schedule Of Disposal Groups, Including Discontinued Operations
The following table summarizes the assets and liabilities classified as held for sale in the Consolidated Balance Sheet as of December 31, 2025:
December 31, 2025
Assets held for sale
Accounts receivable
$489 
Inventories
394 
Other current assets
47 
Equity method investments15 
Long-term receivables and other investments14 
Property, plant and equipment—net
153 
Goodwill
1,138 
Other intangible assets—net
262 
Deferred income taxes
136 
Other assets
99 
Valuation allowance on assets held for sale
(255)
Total Assets held for sale
$2,492 
Liabilities held for sale
Accounts payable
$532 
Accrued liabilities
484 
Other liabilities
182 
Total Liabilities held for sale
$1,198 
The following table summarizes the key components of net income (loss) from discontinued operations:
Three months ended September 30,
20262025
Aerospace TechnologiesAerospace TechnologiesAdvanced Materials Total
Product sales$— $2,606 $907 $3,513 
Service sales— 1,902 64 1,966 
Net Sales— 4,508 971 5,479 
Costs, expenses and other
Cost of products sold— 2,081 612 2,693 
Cost of services sold— 968 45 1,013 
Total Cost of products and services sold— 3,049 657 3,706 
Research and development expenses(28)204 25 229 
Selling, general and administrative expenses11 184 19 203 
Interest and other financial charges — 90 1 91 
Other (income) expense117 53 82 135 
Income from discontinued operations before taxes(100)928 187 1,115 
Tax expense3 (13)223 210 
Net (loss) income from discontinued operations$(103)$941 $(36)$905 
Nine months ended September 30,
20262025
Aerospace TechnologiesAerospace TechnologiesAdvanced Materials Total
Product sales$5,013 $7,439 $2,687 $10,126 
Service sales3,839 5,542 211 5,753 
Net sales8,852 12,981 2,898 15,879 
Costs, expenses and other
Cost of products sold3,773 5,613 1,741 7,354 
Cost of services sold1,857 2,784 161 2,945 
Total Cost of products and services sold5,630 8,397 1,902 10,299 
Research and development expenses402 573 70 643 
Selling, general and administrative expenses625 576 137 713 
Interest and other financial charges 283 252 3 255 
Other (income) expense497 (122)137 15 
Income from discontinued operations before taxes1,415 3,305 649 3,954 
Tax expense354 326 329 655 
Net income from discontinued operations$1,061 $2,979 $320 $3,299 
The following table summarizes major classes of assets and liabilities of discontinued operations of the Aerospace Technologies business:
December 31, 2025
Assets
Cash and cash equivalents$214 
Accounts receivable3,192 
Inventories4,485 
Other current assets341 
Current assets of discontinued operations8,232 
Equity method investments 11 
Long-term receivables and other investments85 
Property, plant and equipment—net2,163 
Goodwill3,025 
Other intangible assets—net1,575 
Deferred income taxes43 
Other assets4,710 
Total assets of discontinued operations$19,844 
Liabilities
Accounts payable$2,881 
Current maturities of long-term debt5 
Accrued liabilities3,399 
Current liabilities of discontinued operations6,285 
Long-term debt4 
Deferred income taxes762 
Other liabilities2,422 
Total liabilities of discontinued operations$9,473