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Nature of Operations and Summary of Significant Accounting Policies (Tables) | 9 Months Ended
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Sep. 30, 2025
Accounting Policies [Abstract] |
Reconciliation of Cash | Cash, cash equivalents and restricted cash reported in the Company’s balance sheet as of September 30, 2025, December 31, 2024, September 30, 2024 and December 31, 2023 were as follows:
(DOLLARS IN MILLIONS) | September 30, 2025 |  | December 31, 2024 |  | September 30, 2024 |  | December 31, 2023
Current assets |  |  |  |  |  |  |
Cash and cash equivalents | $ | 621 |  |  | $ | 469 |  |  | $ | 567 |  |  | $ | 703 |
Cash and cash equivalents included in Assets held for sale | — |  |  | 2 |  |  | 2 |  |  | 26 |
Restricted cash | — |  |  | — |  |  | — |  |  | 6 |
Cash, cash equivalents and restricted cash | $ | 621 |  |  | $ | 471 |  |  | $ | 569 |  |  | $ | 735 |
Schedule of Bad Debt Reserve | The following is a roll-forward of the Company’s allowances for bad debts for the nine months ended September 30, 2025 and 2024.
| Nine Months Ended September 30,
(DOLLARS IN MILLIONS) | 2025 |  | 2024
Balance at January 1 | $ | 26 |  |  | $ | 52 |
Bad debt expense (reversals) | 4 |  |  | (8) |
Write-offs | (5) |  |  | (17) |
Foreign exchange (gains) losses | 3 |  |  | (1) |
Balance at September 30 | $ | 28 |  |  | $ | 26 |
Schedule of Inventory, Current | The Company’s inventories consisted of the following:
(DOLLARS IN MILLIONS) | September 30, 2025 |  | December 31, 2024
Raw materials | $ | 752 |  |  | $ | 627 |
Work in process | 408 |  |  | 368 |
Finished goods | 1,163 |  |  | 1,138 |
Total | $ | 2,323 |  |  | $ | 2,133 |

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