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Nature of Operations and Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2025
Accounting Policies [Abstract]  
Reconciliation of Cash
Cash, cash equivalents and restricted cash reported in the Company’s balance sheet as of September 30, 2025, December 31, 2024, September 30, 2024 and December 31, 2023 were as follows:
(DOLLARS IN MILLIONS)September 30, 2025December 31, 2024September 30, 2024December 31, 2023
Current assets
Cash and cash equivalents$621 $469 $567 $703 
Cash and cash equivalents included in Assets held for sale— 26 
Restricted cash— — — 
Cash, cash equivalents and restricted cash$621 $471 $569 $735 
Schedule of Bad Debt Reserve
The following is a roll-forward of the Company’s allowances for bad debts for the nine months ended September 30, 2025 and 2024.
Nine Months Ended September 30,
(DOLLARS IN MILLIONS)20252024
Balance at January 1$26 $52 
Bad debt expense (reversals)(8)
Write-offs(5)(17)
Foreign exchange (gains) losses(1)
Balance at September 30$28 $26 
Schedule of Inventory, Current The Company’s inventories consisted of the following:
(DOLLARS IN MILLIONS)September 30, 2025December 31, 2024
Raw materials$752 $627 
Work in process408 368 
Finished goods1,163 1,138 
Total$2,323 $2,133