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RESTRUCTURING (Tables) | 6 Months Ended
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Jun. 30, 2025
Restructuring and Related Activities [Abstract] |
Schedule of Restructuring Costs on the Consolidated Statements of Earnings | The following table presents the impact and respective location of total restructuring on the Consolidated Statements of Earnings From Continuing Operations, which are included within Corporate, Other and Eliminations:
|  | Three Months Ended June 30, | Six Months Ended June 30,
(In millions) | Location | 2025 | 2024 | 2025 | 2024
Accelerated depreciation | Cost of sales | $ | (9) |  | $ | (3) |  | $ | (9) |  | $ | (7) |
Other exit costs | Cost of sales | (1) |  | (2) |  | (1) |  | (5) |
Other exit costs | Marketing and administrative expenses | (1) |  | (1) |  | (1) |  | (1) |
Severance | Other expense, net | (7) |  | (41) |  | (9) |  | (48) |
Other exit costs | Other expense, net | — |  | — |  | (1) |  | — |
Total restructuring costs |  | $ | (18) |  | $ | (47) |  | $ | (21) |  | $ | (61) |
Schedule of Restructuring Reserve by Type of Cost | The following table summarizes the status of the unpaid liabilities from the Company’s restructuring activities:
| June 30, 2025 |  |
(In millions) | Acquisition-related Restructuring | Building Materials Business Sale | Global Composites Restructuring | Protective Packaging Exit | Wabash Facility Closure | European Operating Structure Optimization |  |
Balance at December 31, 2024 | $ | 3 |  | $ | 6 |  | $ | 14 |  | $ | — |  | $ | — |  | $ | 5 |  |  |
Restructuring costs | 17 |  | — |  | 5 |  | — |  | — |  | (1) |  |  |
Payments | (5) |  | — |  | (3) |  | — |  | — |  | (2) |  |  |
Accelerated depreciation and other non-cash items | (9) |  | — |  | 2 |  | — |  | — |  | — |  |  |
Balance at June 30, 2025 | $ | 6 |  | $ | 6 |  | $ | 18 |  | $ | — |  | $ | — |  | $ | 2 |  |  |
Cumulative charges incurred | $ | 72 |  | $ | 6 |  | $ | 38 |  | $ | 83 |  | $ | 33 |  | $ | 14 |  |  |
As of June 30, 2025, the remaining liability balance was comprised of $32 million related to severance, which the Company expects to pay over the next twelve months.
| June 30, 2024
(In millions) | Acquisition-related Restructuring | Global Composites Restructuring | Protective Packaging Exit | Wabash Facility Closure | European Operating Structure Optimization
Balance at December 31, 2023 | $ | — |  | $ | 12 |  | $ | 1 |  | $ | 3 |  | $ | 6 |
Restructuring costs | 41 |  | 13 |  | 4 |  | — |  | 3 |
Payments | (17) |  | (3) |  | (3) |  | (3) |  | (3) |
Accelerated depreciation and other non-cash items | (21) |  | (7) |  | (2) |  | — |  | — |
Balance at June 30, 2024 | $ | 3 |  | $ | 15 |  | $ | — |  | $ | — |  | $ | 6 |
Cumulative charges incurred | $ | 41 |  | $ | 29 |  | $ | 82 |  | $ | 33 |  | $ | 15 |

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.b.2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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