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Segment Information (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Operating Results and Capital Expenditures by Reportable Segments

The operating results of the Company’s reportable segments were as follows:

			Engine Products						Fastening Systems						Engineered Structures						Forged Wheels						Total Segment
Third quarter ended September 30, 2025
Sales:
Third-party sales			$	1,105					$	448					$	289					$	247					$	2,089
Inter-segment sales			1						—						2						—						3
Total sales			$	1,106					$	448					$	291					$	247					$	2,092
Expenses:
Segment Adjusted cost of goods sold(1)			$	709					$	280					$	224					$	162					$	1,375
Other segment items(2)			29						30						9						12						80
Profit and loss:
Segment Adjusted EBITDA			$	368					$	138					$	58					$	73					$	637
Provision for depreciation and amortization			38						12						9						11						70
Other:
Capital expenditures			$	74					$	13					$	9					$	9					$	105
Third quarter ended September 30, 2024
Sales:
Third-party sales			$	945					$	392					$	253					$	245					$	1,835
Inter-segment sales			3						—						3						—						6
Total sales			$	948					$	392					$	256					$	245					$	1,841
Expenses:
Segment Adjusted cost of goods sold(1)			$	616					$	265					$	210					$	171					$	1,262
Other segment items(2)			25						25						8						10						68
Profit and loss:
Segment Adjusted EBITDA			$	307					$	102					$	38					$	64					$	511
Provision for depreciation and amortization			34						12						10						10						66
Restructuring and other charges (credits)			1						1						(3)						—						(1)
Other:
Capital expenditures			$	55					$	5					$	5					$	14					$	79
			Engine Products						Fastening Systems						Engineered Structures						Forged Wheels						Total Segment
Nine months ended September 30, 2025
Sales:
Third-party sales			$	3,157					$	1,291					$	861					$	775					$	6,084
Inter-segment sales			5						—						8						—						13
Total sales			$	3,162					$	1,291					$	869					$	775					$	6,097
Expenses:
Segment Adjusted cost of goods sold(1)			$	2,039					$	812					$	663					$	525					$	4,039
Other segment items(2)			81						88						26						33						228
Profit and loss:
Segment Adjusted EBITDA			$	1,042					$	391					$	180					$	217					$	1,830
Provision for depreciation and amortization			107						36						31						31						205
Restructuring and other charges (credits)			—						1						(4)						(1)						(4)
Other:
Capital expenditures			$	235					$	32					$	20					$	32					$	319
Total assets			5,597						2,782						1,361						733						10,473

Nine months ended September 30, 2024
Sales:
Third-party sales			$	2,763					$	1,175					$	790					$	811					$	5,539
Inter-segment sales			6						—						7						—						13
Total sales			$	2,769					$	1,175					$	797					$	811					$	5,552
Expenses:
Segment Adjusted cost of goods sold(1)			$	1,844					$	798					$	654					$	558					$	3,854
Other segment items(2)			77						82						28						32						219
Profit and loss:
Segment Adjusted EBITDA			$	848					$	295					$	115					$	221					$	1,479
Provision for depreciation and amortization			100						36						32						30						198
Restructuring and other charges			—						3						15						1						19
Other:
Capital expenditures			$	143					$	17					$	16					$	35					$	211
Total assets			5,181						2,750						1,379						737						$	10,047

(1)Segment Adjusted cost of goods sold is exclusive of Provision for depreciation and amortization, Restructuring and other (credits) charges, and Corporate expenses.

(2)Other segment items includes Selling, general administrative, and other expenses, and Research and development expenses; exclusive of Provision for depreciation and amortization, and Restructuring and other (credits) charges.

The following table reconciles total segment capital expenditures with Capital expenditures as presented in the Statement of Consolidated Cash Flows.

			Third quarter ended												Nine months ended
			September 30,												September 30,
			2025						2024						2025						2024
Total segment capital expenditures			$	105					$	79					$	319					$	211
Corporate			3						3						10						8
Capital expenditures			$	108					$	82					$	329					$	219

Schedule of Reconciliation of Total Segment Operating Profit to Income Before Income Taxes

The following table reconciles Total Segment Adjusted EBITDA to Income before income taxes. Differences between the total segment and consolidated totals are in Corporate.

			Third quarter ended												Nine months ended
			September 30,												September 30,
			2025						2024						2025						2024
Total Segment Adjusted EBITDA			$	637					$	511					$	1,830					$	1,479
Segment provision for depreciation and amortization			(70)						(66)						(205)						(198)
Unallocated amounts:
Restructuring and other credits (charges)			—						1						4						(21)
Corporate expense			(25)						(25)						(72)						(72)
Operating income			$	542					$	421					$	1,557					$	1,188
Loss on debt redemption			—						(6)						—						(6)
Interest expense, net			(37)						(44)						(114)						(142)
Other expense, net			(10)						(17)						(33)						(49)
Income before income taxes			$	495					$	354					$	1,410					$	991

Schedule of Disaggregation of Revenue by Major End Market Served

The following table disaggregates segment revenue by major market served. Differences between the total segment and consolidated totals are in Corporate.

			Engine Products						Fastening Systems						Engineered Structures						Forged Wheels						Total Segment
Third quarter ended September 30, 2025
Aerospace - Commercial			$	603					$	310					$	196					$	—					$	1,109
Aerospace - Defense			232						44						81						—						357
Commercial Transportation			—						54						—						247						301
Industrial and Other:
Industrial Gas Turbine			152						—						—						—						152
Oil and Gas			89						—						—						—						89
General Industrial			29						40						12						—						81
Total end-market revenue			$	1,105					$	448					$	289					$	247					$	2,089
Third quarter ended September 30, 2024
Aerospace - Commercial			$	534					$	245					$	183					$	—					$	962
Aerospace - Defense			189						43						57						—						289
Commercial Transportation			—						65						—						245						310
Industrial and Other:
Industrial Gas Turbine			124						—						—						—						124
Oil and Gas			67						—						—						—						67
General Industrial			31						39						13						—						83
Total end-market revenue			$	945					$	392					$	253					$	245					$	1,835
Nine months ended September 30, 2025
Aerospace - Commercial			$	1,726					$	882					$	577					$	—					$	3,185
Aerospace - Defense			664						130						248						—						1,042
Commercial Transportation			—						163						—						775						938
Industrial and Other:
Industrial Gas Turbine			431						—						—						—						431
Oil and Gas			247						—						—						—						247
General Industrial			89						116						36						—						241
Total end-market revenue			$	3,157					$	1,291					$	861					$	775					$	6,084
Nine months ended September 30, 2024
Aerospace - Commercial			$	1,554					$	740					$	575					$	—					$	2,869
Aerospace - Defense			566						119						174						—						859
Commercial Transportation			—						199						—						811						1,010
Industrial and Other:
Industrial Gas Turbine			359						—						—						—						359
Oil and Gas			195						—						—						—						195
General Industrial			89						117						41						—						247
Total end-market revenue			$	2,763					$	1,175					$	790					$	811					$	5,539

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Schedule Of Segment Reporting Information To Consolidate Net Income Loss Attributable To Parent

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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