XML 17 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 58 $ 137
Accounts receivable (net of allowance for doubtful accounts of $1 and $1) 310 337
Other receivables 9 7
Inventories 632 567
Other current assets 34 47
Total current assets 1,050 1,101
Property, plant and equipment (net of accumulated depreciation of $979 and $961) 772 758
Operating lease right-of-use assets, net 99 90
Goodwill 1,895 1,895
Intangible assets, net 965 972
Other assets 58 57
Total assets 4,839 4,873
Liabilities    
Current portion of long-term debt 16 0
Current operating lease liabilities 22 20
Income taxes payable 21 5
Accrued and other current liabilities 130 161
Total current liabilities 584 539
Long-term debt 1,621 1,686
Long-term operating lease liabilities 81 73
Deferred income taxes 333 342
Long-term postretirement benefit obligation 14 14
Other liabilities 84 77
Total liabilities 2,717 2,731
Commitments and contingencies (Note 7)
Stockholders’ equity    
Common stock, $0.001 par value; 2,000 shares authorized; 210.3 shares issued and outstanding 0 0
Additional paid-in capital 1,417 1,413
Accumulated other comprehensive income 29 35
Retained earnings 676 694
Total stockholders’ equity 2,122 2,142
Total liabilities and stockholders’ equity 4,839 4,873
Related Party    
Assets    
Related party receivables 7 6
Liabilities    
Accounts payable 25 34
Nonrelated Party    
Liabilities    
Accounts payable $ 370 $ 319