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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 137 $ 115
Accounts receivable, net 337 347
Other receivables 7 7
Inventories 567 524
Other current assets 47 41
Total current assets 1,101 1,041
Property, plant and equipment, net 758 732
Operating lease right-of-use assets, net 90 56
Goodwill 1,895 1,895
Intangible assets, net 972 1,001
Other assets 57 55
Total assets 4,873 4,780
Liabilities    
Current operating lease liabilities 20 16
Income taxes payable 5 22
Accrued and other current liabilities 161 187
Total current liabilities 539 478
Long-term debt 1,686 1,832
Long-term operating lease liabilities 73 42
Deferred income taxes 342 357
Long-term postretirement benefit obligation 14 16
Other liabilities 77 72
Total liabilities 2,731 2,797
Commitments and contingencies (Note 13)
Stockholders’ equity    
Common stock, $0.001 par value; 2,000 shares authorized; 210.2 shares issued and outstanding 0 0
Additional paid-in capital 1,413 1,396
Accumulated other comprehensive income 35 50
Retained earnings 694 537
Total stockholders’ equity 2,142 1,983
Total liabilities and stockholders’ equity 4,873 4,780
Related Party    
Assets    
Related party receivables 6 7
Liabilities    
Accounts payable 34 34
Nonrelated Party    
Liabilities    
Accounts payable $ 319 $ 219