CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents (amount related to variable interest entity (VIE)— 2026: $254, 2025: $130)	$ 2,042	$ 1,982
Accounts receivable—net	726	488
Inventories	371	383
Prepaid income taxes	23	105
Other current assets (amount related to VIE—2026: $0, 2025: $1)	229	27
Total current assets	3,391	2,985
Property, plant and equipment—net (amount related to VIE—2026: $410, 2025: $361)	6,724	6,715
Investment in affiliate	39	32
Goodwill	2,492	2,493
Intangible assets—net	470	473
Operating lease right-of-use assets	393	410
Other assets (amount related to VIE—2026: $3, 2025: $1)	1,099	980
Total assets	14,608	14,088
Current liabilities:
Accounts payable and accrued expenses (amount related to VIE—2026: $36, 2025: $52)	613	681
Income taxes payable	90	0
Customer advances	132	77
Current operating lease liabilities	107	110
Other current liabilities	16	19
Total current liabilities	958	887
Long-term debt	3,216	3,215
Deferred income taxes	855	869
Operating lease liabilities	297	311
Supply contract liability	686	694
Other liabilities (amount related to VIE—2026: $1, 2025: $1)	340	337
Stockholders’ equity:
Preferred stock—$0.01 par value, 50,000,000 shares authorized	0	0
Common stock—$0.01 par value, 500,000,000 shares authorized, 2026—153,883,523 shares issued and 2025—153,552,162 shares issued	2	2
Paid-in capital	1,209	1,197
Retained earnings	4,412	3,874
Treasury stock—at cost, 2026—271,944 shares and 2025—0 shares	(25)	0
Accumulated other comprehensive loss	(256)	(235)
Total stockholders’ equity	5,342	4,838
Noncontrolling interests	2,914	2,937
Total equity	8,256	7,775
Total liabilities and equity	$ 14,608	$ 14,088