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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 1,642 $ 762
Accounts receivable — net of allowances of $86 and $86 1,019 1,044
Due from related parties 157 185
Inventories    
Finished goods 625 539
Work in process 191 190
Raw materials and supplies 233 236
Total inventories 1,049 965
Other current assets 540 293
Total current assets 4,407 3,249
Property, plant and equipment — net 1,336 1,622
Goodwill 5,260 6,377
Intangible assets — net 2,223 2,544
Other assets 747 665
Total assets 13,973 14,457
Current liabilities    
Short-term borrowings and current portion of long-term debt 0 200
Accounts payable 669 618
Due to related parties 464 272
Unearned revenue 576 572
Other current liabilities 1,229 1,041
Total current liabilities 2,938 2,703
Long-term debt 5,137 7,810
Pension and postretirement benefits 306 350
Deferred income taxes 169 225
Other liabilities 437 410
Total liabilities 8,987 11,498
Commitments and contingencies (Note 12)
Equity    
Common stock, par value $0.01 per share, 750,000,000 shares authorized 2 2
Additional paid-in-capital 3,854 3,771
Retained earnings 1,734 242
Accumulated other comprehensive income (loss) (604) (1,056)
Total equity 4,986 2,959
Total liabilities and equity $ 13,973 $ 14,457