CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024	Mar. 31, 2024
Current assets:
Cash and cash equivalents	$ 424	$ 734	$ 395
Trade receivables, net of allowance of $32 million, $30 million, and $30 million at March 31, 2025, December 31, 2024 and March 31, 2024	758	572	801
Inventories	985	963	1,210
Prepaid expenses and other current assets	224	209	254
Total current assets	2,391	2,478	2,660
Property, plant and equipment, net	3,381	3,296	3,551
Goodwill	1,365	1,321	1,458
Intangibles, net	193	198	250
Other assets	1,399	1,361	1,490
Total assets	8,729	8,654	9,409
Current liabilities:
Accounts payable	1,026	1,142	1,170
Short-term loans and long-term debt due within one year	226	416	815
Other liabilities	679	602	617
Total current liabilities	1,931	2,160	2,602
Long-term debt	4,786	4,553	4,119
Other long-term liabilities	763	736	862
Share owners' equity	1,249	1,205	1,826
Total liabilities and share owners' equity	$ 8,729	$ 8,654	$ 9,409

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Name:	us-gaap_AccountsPayableCurrent
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Amount, after allowance for credit loss, of right to consideration from customer for product sold and service rendered in normal course of business, classified as current.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481990/310-10-45-2