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Accrued Liabilities
12 Months Ended
Dec. 31, 2024
Accrued Liabilities, Current [Abstract]  
Accrued Liabilities
December 31,
20242023
(Dollars in millions)
Customer pricing reserve$77 $57 
Compensation, benefits and other employee related74 80 
Repositioning12 
Product warranties and performance guarantees - Short-term15 18 
Income and other taxes
32 42 
Customer advances and deferred income (1)
16 15 
Accrued interest14 26 
Short-term lease liability (Note 18)
11 
Freight accrual
Dividends declared (Note 21)
12 — 
Designated and undesignated derivatives12 
Other (primarily operating expenses)(2)
19 16 
$299 $293 
(1)Customer advances and deferred income include $8 million and $9 million of contract liabilities as of December 31, 2024 and 2023, respectively. See Note 4, Revenue Recognition and Contracts with Customers.
(2)Includes $6 million and $5 million of environmental liabilities as of December 31, 2024 and 2023, respectively.
The Company incurs repositioning costs related to projects to optimize our product costs and to right-size our organizational structure. Expenses related to the repositioning costs are included in Cost of goods sold and Selling, general and administrative expenses in our Consolidated Statements of Operations.
Severance
Costs
Other CostsTotal
(Dollars in millions)
Balance at December 31, 2022
$$— $
Charges11 13 
Usage—cash(11)— (11)
Non-cash asset write-offs— (2)(2)
Balance at December 31, 2023
— 
Charges21 — 21 
Usage—cash(18)— (18)
Balance at December 31, 2024
$12 $— $12