Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2025

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations

Information regarding net income from discontinued operations, net of taxes includes the following:

Net income from discontinued operations, net of taxes (millions)	Nine months ended September 30, 2024
Net sales	$	1,987
Cost of sales	844
Other operating expenses	837
Other expense (income), net	44
Income from discontinued operations before income taxes	262
Provision for income taxes	98
Net income from discontinued operations, net of taxes	$	164

Cash flows related to discontinued operations have not been segregated, and are included in the Consolidated Statement of Cash Flows for all periods presented. Selected financial information related to cash flows from discontinued operations is below.

Selected cash flow information from discontinued operations (millions)	Nine months ended September 30, 2024
Depreciation and amortization	$	139
Purchases of PP&E	77

The below summarizes the carrying amounts of the major classes of assets and liabilities classified as held for sale in the consolidated balance sheet:

(millions)	September 30, 2025
Assets held for sale
Cash and cash equivalents	$	44
Inventories	28
Property, plant and equipment — net	96
Other assets	23
Valuation allowance on assets held for sale	(147)
Total assets held for sale	$	44
Liabilities held for sale
Pension and postretirement benefits	(23)
Other liabilities	(17)
Valuation allowance on liabilities held for sale	(14)
Total liabilities held for sale	$	(54)