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Consolidated Balance Sheet (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 477 $ 469
Accounts receivable    
Trade, less allowance for doubtful accounts of $12 in 2026 and $15 in 2025 1,257 987
Other 278 254
Inventories 994 1,015
Other current assets 201 114
Current assets of disposal group held for sale 32 1,029
Total current assets 3,239 3,868
Intangibles 61 71
Deferred tax assets 499 534
Other noncurrent assets 92 102
Investments in affiliates 105 102
Operating lease assets 279 305
Property, plant and equipment, net 1,783 1,872
Noncurrent assets of disposal group held for sale 20 954
Total assets 6,078 7,808
Current liabilities    
Short-term debt 0 615
Current portion of long-term debt 24 30
Accounts payable 1,228 1,154
Accrued payroll and employee benefits 224 210
Taxes on income 73 75
Current portion of operating lease liabilities 38 41
Other accrued liabilities 469 495
Current liabilities of disposable group held for sale 12 688
Total current liabilities 2,068 3,308
Long-term debt, less debt issuance costs of $9 in 2026 and $16 in 2025 1,236 2,566
Noncurrent operating lease liabilities 237 266
Pension and postretirement obligations 243 249
Other noncurrent liabilities 280 337
Noncurrent liabilities of disposal group held for sale 183
Total liabilities 4,064 6,909
Commitments and contingencies (Note 12)
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, 108,830,193 and 112,284,138 shares outstanding 1 1
Additional paid-in capital 1,554 1,671
Retained earnings 1,308 235
Treasury stock, at cost (2,501,713 and 1,944,700 shares) (52) (35)
Accumulated other comprehensive loss (856) (1,032)
Total parent company stockholders' equity 1,955 840
Noncontrolling interests 59 59
Total equity 2,014 899
Total liabilities and equity $ 6,078 $ 7,808