v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 407 $ 772
Receivables (net of allowance of $9 at September 30, 2026 and December 31, 2025) 1,124 712
Inventories 1,631 1,109
Prepaid and other current assets 236 132
Total current assets 3,398 2,725
Non-current assets    
Property, plant and equipment – net 966 760
Goodwill 2,513 1,091
Intangible assets – net 2,901 1,027
Long-term deferred tax asset 151 207
Other assets 367 329
Total assets 10,296 6,139
Current liabilities    
Current portion of long-term debt 24 6
Trade accounts payable 986 683
Accrued compensation and benefits 172 123
Short-term customer advances 271 44
Other current liabilities 476 331
Total current liabilities 1,929 1,187
Non-current liabilities    
Long-term debt, less current portion 2,554 2,578
Long-term customer advances 176 20
Long-term deferred tax liabilities 411 8
Other non-current liabilities 268 251
Total liabilities 5,338 4,044
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.01 par value – authorized 300.0 shares; issued 134.4 and 85.5 shares at September 30, 2026 and December 31, 2025, respectively 1 1
Additional paid-in capital 3,829 942
Retained earnings 2,216 2,139
Accumulated other comprehensive loss (276) (265)
Shares of common stock in treasury – 22.0 and 20.6 shares at September 30, 2026 and December 31, 2025 (812) (722)
Total stockholders’ equity 4,958 2,095
Total liabilities and stockholders’ equity $ 10,296 $ 6,139