Note 5 - Supplemental Balance Sheet and Cash Flow Information

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Additional Financial Information Disclosure [Text Block]

Note 5.  Supplemental Balance Sheet and Cash Flow Information

Supplemental balance sheet information at December 31 —

	2024			2023
Other current assets:
Prepaid expenses	$	141		$	155
Restricted cash		9			23
Other		56			69
Total	$	206		$	247
Other noncurrent assets:
Deferred customer incentives	$	28		$	34
Pre-production costs receivable		32			24
Pension assets, net of related obligations		11			12
Restricted cash		9			11
Deferred financing costs		4			5
Other		105			54
Total	$	189		$	140
Property, plant and equipment, net:
Land and improvements to land	$	180		$	198
Buildings and building fixtures		550			576
Machinery and equipment		3,856			3,815
Software and hardware		367			366
Construction in progress		482			450
Finance lease right-of-use assets		97			55
Total cost		5,532			5,460
Less: accumulated depreciation		(3,318	)		(3,149	)
Net	$	2,214		$	2,311
Other accrued liabilities (current):
Non-income taxes payable	$	59		$	57
Warranty reserves		59			53
Contract liabilities		25			50
Accrued interest		43			50
Accrued customer rebates		24			27
Payable under forward contracts		41			12
Restructuring costs		51			10
Environmental		4			3
Deferred government assistance		3
Other expense accruals		159			111
Total	$	468		$	373
Other noncurrent liabilities:
Income tax liability	$	80		$	81
Interest rate swap market valuation		5			20
Deferred income tax liability		53			34
Workplace injury costs		13			13
Warranty reserves		64			63
Deferred government assistance		17			16
Other noncurrent liabilities		165			92
Total	$	397		$	319

Cash, cash equivalents and restricted cash at —

	December 31, 2024		December 31, 2023		December 31, 2022		December 31, 2021
Cash and cash equivalents	$	494	$	529	$	425	$	268
Restricted cash included in other current assets		9		23		7		9
Restricted cash included in other noncurrent assets		9		11		10		10
Total cash, cash equivalents and restricted cash	$	512	$	563	$	442	$	287

Supplemental cash flow information —

	2024			2023			2022
Change in working capital:
Change in accounts receivable	$	94		$	12		$	(81	)
Change in inventories		55			(42	)		(99	)
Change in accounts payable		(154	)		(88	)		343
Change in accrued payroll and employee benefits		(37	)		73			36
Change in accrued income taxes		(4	)		54			10
Change in other current assets and liabilities		73			61			(10	)
Net	$	27		$	70		$	199
Cash paid during the period for:
Interest	$	159		$	128		$	117
Income taxes		172			148			132
Noncash investing and financing activities:
Purchases of property, plant and equipment held in accounts payable	$	48		$	48		$	74
Stock compensation plans		27			26			17
Noncash dividends declared		1			1			1

Supplier finance programs information —

	2024
Confirmed obligations outstanding at the beginning of the year	$	69
Invoices confirmed during the year		243
Confirmed invoices paid during the year		(249	)
Confirmed obligations outstanding at the end of the year	$	63