v3.26.3
Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 321 $ 469
Accounts receivable    
Trade, less allowance for doubtful accounts of $11 in 2026 and $15 in 2025 1,298 987
Other 314 254
Inventories 987 1,015
Other current assets 228 114
Current assets of disposal group held for sale 37 1,029
Total current assets 3,185 3,868
Intangibles 56 71
Deferred tax assets 500 534
Other noncurrent assets 133 102
Investments in affiliates 114 102
Operating lease assets 166 305
Property, plant and equipment, net 1,916 1,872
Noncurrent assets of disposal group held for sale 8 954
Total assets 6,078 7,808
Current liabilities    
Short-term debt 710 615
Current portion of long-term debt 26 30
Accounts payable 1,317 1,154
Accrued payroll and employee benefits 196 210
Taxes on income 119 75
Current portion of operating lease liabilities 33 41
Other accrued liabilities 403 495
Current liabilities of disposal group held for sale 14 688
Total current liabilities 2,818 3,308
Long-term debt, less debt issuance costs of $5 in 2026 and $16 in 2025 839 2,566
Noncurrent operating lease liabilities 128 266
Pension and postretirement obligations 239 249
Other noncurrent liabilities 278 337
Noncurrent liabilities of disposal group held for sale 183
Total liabilities 4,302 6,909
Commitments and contingencies (Note 12)
Parent company stockholders' equity    
Preferred stock, 50,000,000 shares authorized, $0.01 par value, no shares outstanding 0 0
Common stock, 450,000,000 shares authorized, $0.01 par value, 101,060,529 and 112,284,138 shares outstanding 1 1
Additional paid-in capital 1,324 1,671
Retained earnings 1,291 235
Treasury stock, at cost (2,533,552 and 1,944,700 shares) (53) (35)
Accumulated other comprehensive loss (847) (1,032)
Total parent company stockholders' equity 1,716 840
Noncontrolling interests 60 59
Total equity 1,776 899
Total liabilities and equity $ 6,078 $ 7,808