v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,922 $ 1,585
Inventories 1,551 1,452
Related-party notes receivable 0 532
Prepaid expenses and other current assets 88 143
Total current assets 4,681 4,781
Property, plant and equipment, net 7,935 7,534
Goodwill 9,020 8,917
Intangible assets, net 1,728 1,832
Operating lease right-of-use assets, net 608 547
Other noncurrent assets 277 194
Total Assets 24,249 23,805
Current Liabilities:    
Operating lease liabilities 136 149
Other current liabilities 850 893
Total current liabilities 2,857 2,550
Deferred income tax liabilities 1,048 936
Noncurrent portion of operating lease liabilities 500 386
Other noncurrent liabilities 1,654 1,521
Total Liabilities 10,995 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 553,082,525 shares outstanding as of December 31, 2025 6 0
Additional paid-in capital 12,741 0
Retained earnings 902 0
Net parent investment 0 10,521
Treasury stock, 13,792,988 shares as of December 31, 2025 0 0
Accumulated other comprehensive loss (391) (606)
Total Equity attributable to the Company 13,258 9,915
Noncontrolling interests (4) (1)
Total Equity 13,254 9,914
Total Liabilities and Equity 24,249 23,805
Nonrelated Party    
Current assets:    
Accounts receivable, net 1,120 1,011
Current Liabilities:    
Accounts payable 1,538 1,285
Current portion of long-term debt 333 5
Long-term debt 4,936 980
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