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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents $ 57 $ 137
Accounts receivable (net of allowance for doubtful accounts of $1 and $1) 333 337
Other receivables 11 7
Inventories 630 567
Other current assets 32 47
Total current assets 1,063 1,101
Property, plant and equipment (net of accumulated depreciation of $1,000 and $961) 787 758
Operating lease right-of-use assets, net 98 90
Goodwill 1,895 1,895
Intangible assets, net 958 972
Other assets 60 57
Total assets 4,861 4,873
Liabilities    
Current portion of long-term debt 16 0
Current operating lease liabilities 23 20
Income taxes payable 1 5
Accrued and other current liabilities 141 161
Total current liabilities 575 539
Long-term debt 1,617 1,686
Long-term operating lease liabilities 81 73
Deferred income taxes 336 342
Long-term postretirement benefit obligation 14 14
Other liabilities 90 77
Total liabilities 2,713 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 1,422 1,413
Accumulated other comprehensive income 24 35
Retained earnings 702 694
Total stockholders’ equity 2,148 2,142
Total liabilities and stockholders’ equity 4,861 4,873
Related Party    
Assets    
Related party receivables 0 6
Liabilities    
Accounts payable 1 34
Nonrelated Party    
Liabilities    
Accounts payable $ 393 $ 319