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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 601 $ 1,585
Inventories 1,641 1,452
Related-party notes receivable 0 532
Prepaid expenses and other current assets 192 143
Total current assets 4,326 4,781
Property, plant and equipment, net 7,791 7,534
Goodwill 9,029 8,917
Intangible assets, net 1,797 1,832
Operating lease right-of-use assets, net 597 547
Other noncurrent assets 242 194
Total Assets 23,782 23,805
Current Liabilities:    
Short-term borrowings 931 0
Operating lease liabilities 149 149
Other current liabilities 702 893
Total current liabilities 3,143 2,550
Deferred income tax liabilities 928 936
Noncurrent portion of operating lease liabilities 454 386
Other noncurrent liabilities 1,563 1,521
Total Liabilities 11,349 13,891
Commitments and contingencies (see Note 17)
Equity:    
Common stock, par value of $0.01 per share, 680,250,615 shares authorized, 566,875,513 shares issued and 553,082,069 shares outstanding as of June 30, 2025 6 0
Additional paid-in capital 12,730 0
Retained earnings 59 0
Net parent investment 0 10,521
Treasury stock, 13,793,444 shares as of June 30, 2025 0 0
Accumulated other comprehensive loss (361) (606)
Total Equity attributable to the Company 12,434 9,915
Noncontrolling interests (1) (1)
Total Equity 12,433 9,914
Total Liabilities and Equity 23,782 23,805
Nonrelated Party    
Current Assets:    
Accounts receivable, net 1,892 1,011
Current Liabilities:    
Accounts payable 1,355 1,285
Current portion of long-term debt 6 5
Long-term debt 5,261 980
Related Party    
Current Assets:    
Accounts receivable, net 0 58
Related-party notes receivable   532
Current Liabilities:    
Accounts payable 0 89
Current portion of long-term debt 0 129
Long-term debt $ 0 $ 7,518