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SUPPLEMENTAL FINANCIAL INFORMATION
3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SUPPLEMENTAL FINANCIAL INFORMATION SUPPLEMENTAL FINANCIAL INFORMATION
Allowance for Doubtful Accounts
The following table is a summary of the changes in our allowance for doubtful accounts for the three months ended March 31, 2026 and 2025.
Three Months Ended March 31,
(in millions)20262025
Balance at beginning of period$63 $71 
Charged to costs and expenses(4)
Write-offs(1)(2)
Currency translation adjustments— 
Balance at end of period$67 $66 
Inventories
(in millions)March 31,
2026
December 31,
2025
Raw materials$567 $536 
Work in process390 369 
Finished goods1,359 1,327 
Inventories$2,316 $2,232 
Property, Plant and Equipment, Net
(in millions)March 31,
2026
December 31,
2025
Property, plant and equipment, at cost$8,099 $8,054 
Accumulated depreciation(5,186)(5,144)
Property, plant and equipment, net$2,913 $2,910 
Interest Expense, Net
Three Months Ended March 31,
(in millions)20262025
Interest expense, net of capitalized interest$78 $81 
Interest income(12)(17)
Interest expense, net$66 $64 
Other (Income) Expense, Net
Three Months Ended March 31,
(in millions)20262025
Foreign exchange losses, net$$— 
Pension and other postretirement benefit plans(7)(11)
Change in fair value of marketable equity securities
Investment impairments
Other, net(2)
Other (income) expense, net$$(3)
Non-Cash Operating and Investing Activities
Right-of-use operating lease assets obtained in exchange for lease obligations for the three months ended March 31, 2026 and 2025 were $20 million and $5 million, respectively.
Purchases of property, plant and equipment included in accounts payable as of March 31, 2026 and 2025 were $54 million and $39 million, respectively.