v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents $ 197 $ 604
Receivables, net 2,422 2,236
Inventories, net 1,020 992
Prepaid expenses and accrued income 229 212
Other current assets 83 57
Total current assets 3,951 4,101
Property, plant and equipment, net 2,349 2,417
Operating lease right-of-use assets 159 171
Goodwill and intangible assets, net 1,398 1,386
Other non-current assets 571 568
Total assets 8,427 8,644
Liabilities and equity    
Short-term debt [1] 251 419
Accounts payable [2] 1,990 2,007
Accrued liabilities 1,189 1,050
Operating lease liabilities - current 41 43
Other current liabilities 387 404
Total current liabilities 3,859 3,923
Long-term debt [1] 1,683 1,734
Pension liability 175 169
Operating lease liabilities - non-current 113 122
Other non-current liabilities 127 113
Total non-current liabilities 2,098 2,138
Common stock 74 77
Additional paid-in capital 796 850
Retained earnings 2,216 2,308
Accumulated other comprehensive loss [3] (495) (518)
Treasury stock (133) (146)
Total controlling interest's equity 2,459 2,572
Non-controlling interest 11 10
Total equity 2,470 2,582
Total liabilities and equity $ 8,427 $ 8,644
[1] Debt as reported in balance sheet.
[2] Amount of obligations confirmed under the Company's Supplier Finance Program that remains unpaid is reported as Accounts Payable in the Condensed Consolidated Balance Sheets. Amount of obligations outstanding as of September 30, 2026 and December 31, 2025 are $303 million and $365 million, respectively.
[3] Including cumulative translation adjustment as of September 30, 2026 and December 31, 2025 to the amount of $(479) million and $(487) million, respectively.