v3.26.3
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents, including restricted cash of nil and $4 $ 63 $ 60
Receivables, less allowances of $6 and $5 702 617
Receivables from related party (NOTE 16) 32 33
Inventories (NOTE 7) 1,338 1,499
Prepaid expenses 56 63
Income and other taxes receivable 53 52
Other current assets 16 15
Total current assets 2,260 2,339
Property, plant and equipment, net 2,967 3,077
Operating lease right-of-use assets 61 71
Notes receivable from related party (NOTE 16) 60 64
Goodwill and other intangible assets, net (NOTE 8) 136 148
Deferred income tax assets 268 285
Other assets (NOTE 9) 714 674
Total assets 6,466 6,658
Current liabilities    
Bank indebtedness 0 9
Trade and other payables 951 855
Income and other taxes payable 26 24
Operating lease liabilities due within one year 22 25
Due to related party (NOTE 16) $ 17 $ 8
Other Liability, Current, Related Party [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember
Long-term debt due within one year (NOTE 11) $ 75 $ 75
Total current liabilities 1,091 996
Long-term debt (NOTE 11) 2,786 2,749
Operating lease liabilities 63 64
Deferred income taxes and other 23 24
Pension and other post-retirement benefit obligations (NOTE 5) 511 588
Other liabilities and deferred credits (NOTE 13) 383 332
Commitments and contingencies (NOTE 14)
Shareholders' equity    
Common stock $0.01 par value; 100 shares issued and outstanding 0 0
Additional paid-in capital 2,827 2,827
Deficit (1,185) (929)
Accumulated other comprehensive (loss) income (33) 7
Total shareholders' equity 1,609 1,905
Total liabilities and shareholders' equity $ 6,466 $ 6,658