Leases (Tables)

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Schedule of Components of Lease Expense

The components of lease expense for the years ended December 31, 2025, 2024 and 2023 were as follows:

($ in millions)	Classification in the Consolidated Statement of Income	2025	2024	2023
Operating lease cost	Cost of sales, exclusive of depreciation and amortization	$49	$47	$45
Operating lease cost	Selling, general and administrative	150	141	138
Total operating lease cost		$199	$188	$183
Finance lease cost:
Amortization of right-of-use assets	Depreciation	$1	$1	$1
Interest on lease liabilities	Interest expense	1	1	1
Total finance lease cost		$2	$2	$2
Total lease cost		$201	$190	$185

Total operating lease cost for the years ended December 31, 2025, 2024 and 2023 is inclusive of the following:

($ in millions)	2025	2024	2023
Variable lease costs	$10	$9	$9
Short-term lease costs	$19	$20	$19

The lease amounts included in

Schedule of Classification on the Condensed Consolidated Balance Sheet

($ in millions)	Classification on the Consolidated Balance Sheet	2025	2024
Assets:
Operating	Operating lease right-of-use assets	$604	$597
Finance(1)	Property, plant, and equipment, net	15	12
Total leased assets		$619	$609
Liabilities:
Current
Operating	Current portion of operating lease liabilities	$138	$126
Finance	Short-term debt and current portion of long-term debt	2	2
Noncurrent
Operating	Operating lease liabilities	450	454
Finance	Long-term debt	5	5
Total lease liabilities		$595	$587

(1)Net of accumulated depreciation of $16 million and $14 million as of December 31, 2025 and 2024, respectively.

Supplemental cash flow information related to leases for the years ended December 31, 2025, 2024 and 2023 was as follows:

Schedule of Cash Paid for Lease Liabilities and Right-of-Use Assets Obtained in Exchange for Lease Obligations

($ in millions)	2025	2024	2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows paid for operating leases	$168	$157	$155
Operating cash flows paid for finance leases	$1	$1	$1
Financing cash flows paid for finance leases	$2	$2	$2
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$109	$184	$119
Finance leases	$2	$1	$1

Lease terms and discount rates as of December 31, 2025, 2024 and 2023 were as follows:

The following table presents the net income taxes paid/(net refunds received) by the Company for 2025 in accordance with the guidance in ASU 2023-09:

($ in millions)	2025
Federal(1)	($5)
State	7
Foreign
Mexico	205
China	56
France	25
Netherlands	25
Switzerland	(27)
Other	152
Total taxes paid, net of refunds	$438

(1)Net refund received due to overpayment of prior year tax liability related to portfolio optimization actions in 2024 and other items.

Schedule of Weighted-Average Remaining Lease Term and Weighted-Average Discount Rate

	2025		2024		2023
Weighted-average remaining lease term (in years)
Operating leases	6.3		6.9		6.8
Finance leases	10.4		8.1		9.3
Weighted-average discount rate
Operating leases	3.6	%	3.6	%	3.0	%
Finance leases	6.7	%	6.8	%	6.0	%

Schedule of Maturities of Lease Liabilities, Operating Lease

As of December 31, 2025, maturities of lease liabilities were as follows:

($ in millions)	Operating Leases	Finance Leases
2026	$156	$2
2027	123	2
2028	98	1
2029	72	1
2030	59	1
Thereafter	150	1
Total lease payments	$658	$8
Less: Interest	70	1
Total lease obligations	$588	$7

Schedule of Maturities of Lease Liabilities, Finance Lease

As of December 31, 2025, maturities of lease liabilities were as follows:

($ in millions)	Operating Leases	Finance Leases
2026	$156	$2
2027	123	2
2028	98	1
2029	72	1
2030	59	1
Thereafter	150	1
Total lease payments	$658	$8
Less: Interest	70	1
Total lease obligations	$588	$7