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Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 486 $ 494
Accounts receivable    
Trade, less allowance for doubtful accounts of $16 in 2025 and $13 in 2024 1,143 890
Other 218 220
Inventories 1,105 1,047
Other current assets 145 148
Current assets of disposal group held for sale 1,090 904
Total current assets 4,187 3,703
Intangibles 79 80
Deferred tax assets 506 514
Other noncurrent assets 92 118
Investments in affiliates 98 125
Operating lease assets 275 258
Property, plant and equipment, net 1,921 1,831
Noncurrent assets of disposal group held for sale 981 873
Total assets 8,139 7,502
Current liabilities    
Short-term debt 530 8
Current portion of long-term debt 22 214
Accounts payable 1,186 1,120
Accrued payroll and employee benefits 182 176
Taxes on income 51 68
Current portion of operating lease liabilities 39 35
Other accrued liabilities 307 315
Current liabilities of disposable group held for sale 753 624
Total current liabilities 3,070 2,560
Long-term debt, less debt issuance costs of $18 in 2025 and $19 in 2024 2,568 2,387
Noncurrent operating lease liabilities 242 233
Pension and postretirement obligations 259 233
Other noncurrent liabilities 337 321
Noncurrent liabilities of disposal group held for sale 204 183
Total liabilities 6,680 5,917
Commitments and contingencies (Note 14)
Redeemable noncontrolling interests 189 189
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, 131,134,460 and 144,993,614 shares outstanding 1 2
Additional paid-in capital 2,045 2,282
Retained earnings 226 204
Treasury stock, at cost (1,314,000 and 837,803 shares) (21) (13)
Accumulated other comprehensive loss (1,047) (1,142)
Total parent company stockholders' equity 1,204 1,333
Noncontrolling interests 66 63
Total equity 1,270 1,396
Total liabilities, redeemable noncontrolling interests and equity $ 8,139 $ 7,502