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RESTRUCTURING (Tables)

6 Months Ended

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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- References

No definition available.

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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

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-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4)
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

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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

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