CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions |
9 Months Ended | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2026 |
Sep. 30, 2025 |
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| Cash provided (required) by operating activities of continuing operations: | ||||||||||||||
| Net income (loss) | $ (2,532.8) | $ (516.4) | ||||||||||||
| Discontinued operations, net of income taxes | 50.2 | 4.0 | ||||||||||||
| Income (loss) from continuing operations | (2,482.6) | (512.4) | ||||||||||||
| Adjustments from income from continuing operations to cash provided (required) by operating activities of continuing operations: | ||||||||||||||
| Depreciation and amortization | 124.0 | 130.5 | ||||||||||||
| Adjustments for commercial actions | [1] | 671.6 | 0.0 | |||||||||||
| Restructuring and other charges (income) | 779.9 | 349.0 | ||||||||||||
| Non-cash adjustments for India held for sale business | 75.1 | 282.2 | ||||||||||||
| Deferred income taxes | 786.3 | 106.1 | ||||||||||||
| Pension and other postretirement benefits | 9.5 | 10.7 | ||||||||||||
| Share-based compensation | 18.0 | 17.9 | ||||||||||||
| Changes in operating assets and liabilities, net of effect of acquisitions and divestitures: | ||||||||||||||
| Trade receivables, net | 193.4 | (311.6) | ||||||||||||
| Guarantees of vendor financing | 5.8 | (42.8) | ||||||||||||
| Advance payments from customers | (452.6) | (453.8) | ||||||||||||
| Accrued customer rebates | 93.8 | 342.5 | ||||||||||||
| Inventories | (194.3) | (146.6) | ||||||||||||
| Accounts payable, trade and other | (60.7) | (28.2) | ||||||||||||
| Income taxes | 110.2 | (135.4) | ||||||||||||
| Pension and other postretirement benefit contributions | (5.4) | (2.7) | ||||||||||||
| Environmental spending, continuing, net of recoveries | (26.7) | (23.8) | ||||||||||||
| Restructuring and other spending | [2] | (115.1) | (81.0) | |||||||||||
| Change in other operating assets and liabilities, net | [3] | 238.5 | (163.9) | |||||||||||
| Cash provided (required) by operating activities of continuing operations | (231.3) | (663.3) | ||||||||||||
| Cash provided (required) by operating activities of discontinued operations: | ||||||||||||||
| Environmental spending, discontinued, net of recoveries | (25.1) | (29.4) | ||||||||||||
| Other discontinued spending | (29.1) | (24.3) | ||||||||||||
| Cash provided (required) by operating activities of discontinued operations | (54.2) | (53.7) | ||||||||||||
| Cash provided (required) by investing activities of continuing operations: | ||||||||||||||
| Capital expenditures | (29.7) | (70.3) | ||||||||||||
| Acquisitions, including cost and equity method, net | (0.6) | (2.1) | ||||||||||||
| Proceeds from (disbursements for) the sale of the GSS business | (0.2) | (10.8) | ||||||||||||
| Other investing activities | 12.3 | (1.2) | ||||||||||||
| Cash provided (required) by investing activities of continuing operations | (18.2) | (84.4) | ||||||||||||
| Cash provided (required) by financing activities of continuing operations: | ||||||||||||||
| Increase (decrease) in short-term debt | (583.6) | 930.3 | ||||||||||||
| Financing fees and premiums | [4] | (19.1) | (14.6) | |||||||||||
| Repayments of long-term debt | (500.0) | (500.1) | ||||||||||||
| Proceeds from borrowing of long-term debt | 1,200.0 | 750.0 | ||||||||||||
| Proceeds from issuance of common stock | [5] | 403.2 | 0.2 | |||||||||||
| Fees associated with issuance of common stock | [5] | (8.0) | 0.0 | |||||||||||
| Acquisition of noncontrolling interest | 0.0 | (8.6) | ||||||||||||
| Distributions to noncontrolling interests | (3.0) | (5.0) | ||||||||||||
| Dividends paid | [6] | (30.4) | (218.4) | |||||||||||
| Other repurchases of common stock | (1.3) | (1.7) | ||||||||||||
| Cash provided (required) by financing activities of continuing operations | 457.8 | 932.1 | ||||||||||||
| Effect of exchange rate changes on cash and cash equivalents | (2.8) | 9.7 | ||||||||||||
| Increase (decrease) in cash and cash equivalents | 151.3 | 140.4 | ||||||||||||
| Cash and cash equivalents, beginning of period | 584.5 | 357.3 | ||||||||||||
| Cash and cash equivalents, end of period | $ 735.8 | $ 497.7 | ||||||||||||
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| X | ||||||||||
- Definition Change in accrued customer rebates during the period. No definition available.
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| X | ||||||||||
- Definition Adjustments For Commercial Actions No definition available.
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| X | ||||||||||
- Definition Cash paid for environmental spending related to continuing operations. No definition available.
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| X | ||||||||||
- Definition Cash paid for environmental spending related to discontinued operations. No definition available.
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| X | ||||||||||
- Definition Increase (decrease) in Guarantees of vendor financing No definition available.
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| X | ||||||||||
- Definition Increase (Decrease) In Trade Receivables No definition available.
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| X | ||||||||||
- Definition Payments For The Repurchase Of Common Stock Other Than Under Amounts Publicly Announced Program No definition available.
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| X | ||||||||||
- Definition Payments Of Other Discontinued Reserves No definition available.
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| X | ||||||||||
- Definition Adjustment to remove the portion of restructuring charges, remediation costs, gains of sales of assets, in process research and development acquired as part of an asset acquisition, asset impairment losses and other miscellaneous charges to income during an accounting period. No definition available.
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| X | ||||||||||
- Definition Cash paid for restructuring and other obligations. No definition available.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of cash and cash equivalent, and cash and cash equivalent restricted to withdrawal or usage; including, but not limited to, discontinued operation. Cash includes, but is not limited to, currency on hand, demand deposit with financial institution, and account with general characteristic of demand deposit. Cash equivalent includes, but is not limited to, short-term, highly liquid investment that is both readily convertible to known amount of cash and so near maturity that it presents insignificant risk of change in value because of change in interest rate. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of increase (decrease) in cash and cash equivalent, and cash and cash equivalent restricted to withdrawal or usage; including effect from exchange rate change and including, but not limited to, discontinued operation. Cash includes, but is not limited to, currency on hand, demand deposit with financial institution, and account with general characteristic of demand deposit. Cash equivalent includes, but is not limited to, short-term, highly liquid investment that is both readily convertible to known amount of cash and so near maturity that it presents insignificant risk of change in value because of change in interest rate. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of cash inflow (outflow) from operating activity attributable to discontinued operation. Operating activity includes, but is not limited to, transaction, adjustment, and change in value not defined as investing or financing activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of deferred income tax expense (benefit) and income tax credits. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of increase (decrease) from effect of exchange rate change on cash and cash equivalent, and cash and cash equivalent restricted to withdrawal or usage; held in foreign currency; including, but not limited to, discontinued operation. Cash includes, but is not limited to, currency on hand, demand deposit with financial institution, and account with general characteristic of demand deposit. Cash equivalent includes, but is not limited to, short-term, highly liquid investment that is both readily convertible to known amount of cash and so near maturity that it presents insignificant risk of change in value because of change in interest rate. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition The aggregate amount of write-downs for impairments recognized during the period for long-lived assets held for abandonment, exchange or sale. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the aggregate amount 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. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of increase (decrease) in obligation to transfer good or service to customer for which consideration has been received or is receivable. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of increase (decrease) in operating assets after deduction of operating liabilities classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of cash inflow (outflow) from financing activity, including, but not limited to, discontinued operation. Financing activity includes, but is not limited to, obtaining resource from owner and providing return on, and return of, their investment; borrowing money and repaying amount borrowed, or settling obligation; and obtaining and paying for other resource obtained from creditor on long-term credit. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of cash inflow (outflow) from investing activity, including, but not limited to, discontinued operation. Investing activity includes, but is not limited to, making and collecting loan, acquiring and disposing of debt and equity instruments, property, plant, and equipment, and other productive assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition Amount of cash inflow (outflow) from operating activity attributable to continuing operation. Operating activity includes, but is not limited to, transaction, adjustment, and change in value not defined as investing or financing activity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The net cash outflow or inflow associated with the acquisition or sale of a business segment during the period. No definition available.
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| X | ||||||||||
- Definition The net cash outflow or inflow from derivative instruments during the period, which are classified as financing activities, excluding those designated as hedging instruments. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of cash (inflow) outflow from investing activity, classified as other. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of cash outflow in the form of ordinary dividends provided by the non-wholly owned subsidiary to noncontrolling interests. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash outflow for cost incurred directly with the issuance of an equity security. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Aggregate cash payments for a combination of transactions that are classified as investing activities in which assets, which may include securities, other types of investments, or productive assets, are purchased from third-party sellers. This element can be used by entities to aggregate payments for all asset purchases that are classified as investing activities. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of cash outflow to a noncontrolling interest. Includes, but not limited to, reduction of noncontrolling interest ownership. Excludes dividends paid to the noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of cash outflow for pension and other postretirement benefits. Includes, but is not limited to, employer contribution to fund plan asset and payment to retiree. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of cost (reversal of cost) for pension and other postretirement benefits. No definition available.
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| X | ||||||||||
- Definition The cash inflow from the additional capital contribution to the entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The net cash inflow or outflow for borrowing having initial term of repayment within one year or the normal operating cycle, if longer. No definition available.
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| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of noncash expense for share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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