Note 17 - Income Taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Earnings (Loss) before Income Tax, Domestic and Foreign

	Year Ended December 31,
(in millions)	2024			2023			2022
Earnings (loss) from continuing operations before income taxes:
U.S.	$	70		$	36		$	(2	)
Outside the U.S.		40			51			33
Total	$	110		$	87		$	31
U.S. income taxes:
Deferred benefit	$	(1	)	$	(1	)	$	(3	)
Income taxes outside the U.S.:
Current provision		9			12			7
Deferred provision		—			1			1
Total provision	$	8		$	12		$	5

Schedule of Effective Income Tax Rate Reconciliation

	Year Ended December 31,
(in millions)	2024			2023			2022
Amount computed using the statutory rate	$	23		$	18		$	7
Increase (reduction) in taxes resulting from:
Unremitted foreign earnings		—			1			(2	)
Operations outside the U.S.		7			13			4
Legislative tax law and rate changes		—			—			—
Valuation allowance		(23	)		(19	)		(9	)
Tax settlements and adjustments, including interest		1			—			4
Other, net		—			(1	)		1
Provision for income taxes	$	8		$	12		$	5

Deferred Tax Assets and Liabilities Significant Components

	As of December 31,
(in millions)	2024			2023
Deferred tax assets
Restructuring programs	$	1		$	1
Leasing		7			8
Foreign tax credit		134			281
Inventories		13			11
Investment tax credit		21			25
Employee deferred compensation		7			9
Workers' compensation and other employee reserves		13			14
Depreciation		26			31
Research and development costs		44			42
Tax loss carryforwards		539			529
Other deferred revenue		2			2
Other		71			79
Total deferred tax assets before valuation allowances	$	878		$	1,032
Valuation allowances		(671	)		(778	)
Total net deferred tax assets	$	207		$	254
Deferred tax liabilities
Pension and postretirement obligations	$	(205	)	$	(251	)
Leasing	$	(5	)	$	(6	)
Goodwill/intangibles		(6	)		(8	)
Unremitted foreign earnings		(15	)		(16	)
Total deferred tax liabilities		(231	)		(281	)
Net deferred tax liabilities	$	(24	)	$	(27	)

	As of December 31,
(in millions)	2024			2023
Other long-term liabilities	$	(24	)	$	(27	)
Net deferred tax liabilities	$	(24	)	$	(27	)

Schedule of Unrecognized Tax Benefits, Roll Forward

	Year Ended December 31,
(in millions)	2024			2023			2022
Balance as of January 1	$	2		$	3		$	4
Tax positions related to the current year:
Additions		1			—			—
Tax positions related to prior years:
Additions		1			1			1
Reductions		(2	)		(1	)		(2	)
Settlements with taxing jurisdictions		—			(1	)		—
Balance as of December 31	$	2		$	2		$	3