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Leases
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Leases Leases
The Company has operating leases primarily for corporate offices, technical and engineering centers, plants, vehicles, and certain equipment. As of December 31, 2025 and 2024 the Company had $7 million and $6 million of net assets recorded under finance leasing arrangements, respectively.

Certain of the Company's lease agreements include rental payments adjusted periodically primarily for inflation. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. The Company subleases certain real estate to third parties primarily in the U.S., Germany, and Brazil.

For the years ended December 31, 2025 and 2024, the weighted average remaining lease term and discount rate for operating leases were 8 years years and 5.11% and 5 years and 4.90%, respectively. For the years ended December 31, 2025 and 2024, the weighted average remaining lease term and discount rate for financing leases were 38 years and 4.66% and 38 years and 4.65%, respectively.

The components of lease expense are as follows:
Year Ended December 31,
(In millions)202520242023
Operating lease expense (includes immaterial variable lease costs)(34)$(38)$(38)
Short-term lease expense(2)(2)(2)
Sublease income2 2 2 
Total lease expense$(34)$(38)$(38)
Other information related to leases is as follows:
Year Ended December 31,
(In millions)202520242023
Cash flows used for operating leases31 $36 $36 
Right-of-use assets obtained in exchange for lease obligations46 $29 $11 
Future minimum lease payments under non-cancellable leases are as follows:
(In millions)
2026$25 
202724 
202819 
202917 
203013 
2031 and thereafter73 
Total future minimum lease payments171 
Less imputed interest(41)
Total lease liabilities$130 
Leases Leases
The Company has operating leases primarily for corporate offices, technical and engineering centers, plants, vehicles, and certain equipment. As of December 31, 2025 and 2024 the Company had $7 million and $6 million of net assets recorded under finance leasing arrangements, respectively.

Certain of the Company's lease agreements include rental payments adjusted periodically primarily for inflation. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. The Company subleases certain real estate to third parties primarily in the U.S., Germany, and Brazil.

For the years ended December 31, 2025 and 2024, the weighted average remaining lease term and discount rate for operating leases were 8 years years and 5.11% and 5 years and 4.90%, respectively. For the years ended December 31, 2025 and 2024, the weighted average remaining lease term and discount rate for financing leases were 38 years and 4.66% and 38 years and 4.65%, respectively.

The components of lease expense are as follows:
Year Ended December 31,
(In millions)202520242023
Operating lease expense (includes immaterial variable lease costs)(34)$(38)$(38)
Short-term lease expense(2)(2)(2)
Sublease income2 2 2 
Total lease expense$(34)$(38)$(38)
Other information related to leases is as follows:
Year Ended December 31,
(In millions)202520242023
Cash flows used for operating leases31 $36 $36 
Right-of-use assets obtained in exchange for lease obligations46 $29 $11 
Future minimum lease payments under non-cancellable leases are as follows:
(In millions)
2026$25 
202724 
202819 
202917 
203013 
2031 and thereafter73 
Total future minimum lease payments171 
Less imputed interest(41)
Total lease liabilities$130