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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 494 $ 529
Accounts receivable    
Trade, less allowance for doubtful accounts of $15 in 2024 and $16 in 2023 1,195 1,371
Other 261 280
Inventories 1,547 1,676
Other current assets 206 247
Total current assets 3,703 4,103
Goodwill 250 263
Intangibles 150 182
Deferred tax assets 560 516
Other noncurrent assets 189 140
Investments in affiliates 126 123
Operating lease assets 293 327
Property, Plant, and Equipment and Finance Lease Right-of-Use Asset, after Accumulated Depreciation and Amortization 2,214 2,311
Total assets 7,485 7,965
Liabilities, Current [Abstract]    
Short-term debt 8 22
Long-Term Debt and Lease Obligation, Current 214 35
Accounts Payable, Current 1,522 1,756
Accrued payroll and employee benefits 236 288
Taxes on income 69 86
Current portion of operating lease liabilities 44 42
Other accrued liabilities 468 373
Total current liabilities 2,561 2,602
Long-Term Debt and Lease Obligation 2,389 2,598
Noncurrent operating lease liabilities 258 284
Pension and postretirement obligations 295 334
Other noncurrent liabilities 397 319
Total liabilities 5,900 6,137
Commitments and contingencies (Note 14)
Redeemable noncontrolling interests 189 191
Parent company stockholders' equity    
Preferred stock, 50,000,000 shares authorized, $0.01 par value, no shares outstanding 0 0
Common stock, 450,000,000 shares authorized, $0.01 par value, 144,993,614 and 144,386,484 shares outstanding 2 2
Additional paid-in capital 2,282 2,255
Retained earnings 204 317
Treasury stock, at cost (837,803 and 474,981 shares) (13) (9)
Accumulated other comprehensive loss (1,142) (990)
Total parent company stockholders' equity 1,333 1,575
Noncontrolling interests 63 62
Total equity 1,396 1,637
Total liabilities, redeemable noncontrolling interests and equity $ 7,485 $ 7,965