CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Sep. 30, 2026	Dec. 31, 2025
ASSETS
Cash and cash equivalents	$ 436	$ 359
Receivables, net	902	804
Inventories	485	473
Prepayments and other current assets	150	126
Total current assets	1,973	1,762
Property, plant and equipment, net	826	876
Investments and long-term receivables	156	145
Goodwill	510	509
Other intangible assets, net	366	398
Other non-current assets	128	127
Total assets	3,959	3,817
LIABILITIES AND EQUITY
Short-term borrowings and current portion of long-term debt	124	3
Accounts payable	521	510
Other current liabilities	516	434
Total current liabilities	1,161	947
Long-term debt	969	967
Retirement-related liabilities	130	141
Other non-current liabilities	174	175
Total liabilities	2,434	2,230
Commitments and contingencies (see Note 19)
Common stock	1	1
Additional paid-in capital	1,980	1,978
Retained earnings	243	132
Accumulated other comprehensive loss	(113)	(98)
Treasury stock	(586)	(426)
Total equity	1,525	1,587
Total liabilities and equity	$ 3,959	$ 3,817

Short-Term Debt and Current Maturities of Long-Term Debt

No definition available.

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Namespace Prefix:	phin_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).