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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Net sales $ 7,500 $ 7,734 $ 7,613
Costs and expenses      
Cost of sales 6,898 7,356 7,236
Selling, general and administrative expenses 387 429 440
Amortization of intangibles 7 8 8
Restructuring charges, net 23 70 23
Loss on disposal group previously held for sale (26)
Other income (expense), net (46) (21) (14)
Earnings (loss) from continuing operations before interest and income taxes 139 (176) (108)
Loss on extinguishment of debt (1)
Interest income 10 13 15
Interest expense 181 158 152
Loss from continuing operations before income taxes (32) (321) (246)
Income tax expense 53 31 7
Equity in earnings (loss) of affiliates 32 10 (9)
Net loss from continuing operations (53) (342) (262)
Net income from discontinued operations 155 293 310
Net income (loss) 102 (49) 48
Less: Noncontrolling interests net income from continuing operations 17 21 22
Less: Redeemable noncontrolling interests net loss from continuing operations (13) (12)
Net income (loss) attributable to the parent company $ 85 $ (57) $ 38
Net income (loss) per share available to common stockholders      
Basic loss per share from continuing operations (in dollars per share) $ (0.52) $ (2.41) $ (1.88)
Basic earnings per share from discontinued operations (in dollars per share) 1.16 2.02 2.14
Basic earnings (loss) per share (in dollars per share) 0.64 (0.39) 0.26
Diluted loss per share from continuing operations (in dollars per share) (0.52) (2.41) (1.88)
Diluted earnings per share from discontinued operations (in dollars per share) 1.16 2.02 2.14
Diluted earnings (loss) per share (in dollars per share) $ 0.64 $ (0.39) $ 0.26
Weighted-average common shares outstanding      
Basic (in shares) 133.7 145.2 144.4
Diluted (in shares) 133.7 145.2 144.4