v3.26.3
CONSOLIDATED INTERIM BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 211 $ 177
Restricted cash 2 2
Accounts, notes and other receivables – net (Note 6) 801 703
Inventories – net (Note 8) 386 339
Other current assets (Note 9) 128 98
Total current assets 1,528 1,319
Investments and long-term receivables 8 11
Property, plant and equipment – net 422 462
Goodwill 193 193
Deferred income taxes 200 210
Other assets (Note 10) 181 172
Total assets 2,532 2,367
Current liabilities:    
Accounts payable 1,107 1,061
Current maturities of long-term debt (Note 15) 7 7
Accrued liabilities (Note 12) 356 295
Total current liabilities 1,470 1,363
Long-term debt (Note 15) 1,359 1,411
Deferred income taxes 37 32
Other liabilities (Note 13) 284 363
Total liabilities 3,150 3,169
COMMITMENTS AND CONTINGENCIES (Note 20)
EQUITY (DEFICIT)    
Common Stock, par value $0.001; 1,000,000,000 and 1,000,000,000 shares authorized, 245,583,176 and 242,549,685 issued and 185,360,730 and 190,556,297 outstanding as of September 30, 2026 and December 31, 2025, respectively 0 0
Additional paid–in capital 1,261 1,240
Retained deficit (1,138) (1,384)
Accumulated other comprehensive loss (Note 18) (27) (138)
Treasury Stock, at cost; $60,222,446 and 51,993,388 shares as of September 30, 2026 and December 31, 2025, respectively (Note 16) (714) (520)
Total deficit (618) (802)
Total liabilities and deficit $ 2,532 $ 2,367