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DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)
 9 Months Ended
Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions
The notional amounts of financial instruments used in hedging transactions were as follows:

In millionsSeptember 30, 2025December 31, 2024
Electricity contracts (MWh)1.9 0.3 
Natural gas contracts (MWh)8.1 — 
Carbon credit contracts (tons)0.3 — 
External debt (EUR)€3,310 €— 
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The following table shows gains or losses recognized in AOCI, net of tax, related to derivative instruments: 

 Gain (Loss) Recognized in AOCI on Derivatives
 Three Months Ended
September 30,		Nine Months Ended
September 30,
In millions2025202420252024
Derivatives in Cash Flow Hedging Relationships:
Commodity contracts$(2)$— $(54)$— 
Derivatives in Net Investment Hedging Relationships:
External debt$(86)$— $(163)$— 
Derivative Instruments, Gain (Loss)
The amounts of gains and losses recognized in the statement of operations on financial instruments used in hedging transactions were as follows:

 Gain (Loss) Reclassified from AOCI Into Income Location of Gain (Loss)
Reclassified from AOCI
Three Months Ended
September 30,		Nine Months Ended
September 30,
In millions2025202420252024
Derivatives in Cash Flow Hedging Relationships:
Commodity contracts$(8)$— $(14)$— Cost of products sold
Interest rate contract— — (1)— Interest expense, net
Total$(8)$— $(15)$— 

 Gain (Loss) Recognized in IncomeLocation of Gain (Loss)
In Statement
of Operations
Three Months Ended
September 30,		Nine Months Ended
September 30,
In millions2025202420252024
Derivatives in Cash Flow Hedging Relationships:
Commodity contracts$(26)$— $(49)$— Cost of products sold
Derivatives Not Designated as Hedging Instruments:
Commodity contracts25 2 38 (9)Cost of products sold
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
The following table provides a summary of the impact of our derivative instruments in the balance sheet:
 
AssetsLiabilities
In millionsSeptember 30, 2025December 31, 2024September 30, 2025December 31, 2024
Derivatives designated as hedging instruments
Commodity contracts – cash flow$5 $— $46 $— 
Derivatives not designated as hedging instruments
Commodity contracts71 3 35 — 
Total derivatives$76 (a)$3 (b)$81 (c)$— 
 
(a)Includes $45 million recorded in Other current assets and $31 million recorded in Deferred charges and other assets in the accompanying condensed consolidated balance sheet.
(b)Includes $3 million recorded in Other current assets in the accompanying condensed consolidated balance sheet.
(c)Includes $72 million recorded in Other current liabilities and $9 million recorded in Other liabilities in the accompanying condensed consolidated balance sheet.