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v3.26.1

Nature of Operations and Summary of Significant Accounting Policies (Tables) | 3 Months Ended
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Mar. 31, 2026
Accounting Policies [Abstract] |
Reconciliation of Cash | Cash and cash equivalents reported in the Company’s balance sheet as of March 31, 2026, December 31, 2025, March 31, 2025 and December 31, 2024 were as follows:
(DOLLARS IN MILLIONS) | March 31, 2026 |  | December 31, 2025 |  | March 31, 2025 |  | December 31, 2024
Current assets |  |  |  |  |  |  |
Cash and cash equivalents | $ | 562 |  |  | $ | 590 |  |  | $ | 613 |  |  | $ | 469 |
Cash and cash equivalents included in Assets held for sale | — |  |  | — |  |  | 37 |  |  | 2 |
Cash and cash equivalents | $ | 562 |  |  | $ | 590 |  |  | $ | 650 |  |  | $ | 471 |
The Company had no restricted cash as of March 31, 2026 and December 31, 2025.
Schedule of Bad Debt Reserve | The following is a roll-forward of the Company’s allowances for bad debts for the three months ended March 31, 2026 and 2025:
| Three Months Ended March 31,
(DOLLARS IN MILLIONS) | 2026 | 2025
Balance at January 1 | $ | 27 |  | $ | 26 |
Allowances for bad debt expense | 1 |  | 1 |
Write-offs | (2) |  | — |
Foreign exchange | — |  | 1 |
Balance at March 31 | $ | 26 |  | $ | 28 |
Schedule of Inventory, Current | The Company’s inventories consisted of the following:
(DOLLARS IN MILLIONS) | March 31, 2026 |  | December 31, 2025
Raw materials | $ | 737 |  |  | $ | 731 |
Work in process | 462 |  |  | 454 |
Finished goods | 1,051 |  |  | 1,060 |
Total | $ | 2,250 |  |  | $ | 2,245 |

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- Definition Tabular disclosure of allowance for credit loss on accounts receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
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- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(6)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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