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Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of fair value hierarchy for assets and liabilities measured at fair value on a recurring basis

The fair value hierarchy for assets and liabilities measured at fair value on a recurring basis are as follows:

						December 31, 2025
(In millions)						Level 1						Level 2						Level 3						NAV						Total
Asset Category:
Retirement plan assets						$	130					$	73					$	21					$	371					$	595
Interest rate swaps						$	—					$	2					$	—					$	—					$	2
Liability Category:
Cross currency swaps						$	—					$	16					$	—					$	—					$	16

						December 31, 2024
(In millions)						Level 1						Level 2						Level 3						NAV						Total
Asset Category:
Retirement plan assets						$	121					$	56					$	18					$	434					$	629
Interest rate swaps						$	—					$	8					—						—						$	8
Liability Category:
Cross currency swaps						$	—					$	1					$	—					$	—					$	1

Schedule of fair value of retirement plan asset

The fair values of the Company’s U.S. retirement plan assets are as follows:

(In millions)						December 31, 2025
Asset Category						Level 1						Level 2						NAV						Total
Common trust funds						$	—					$	—					$	133					$	133
LDI						—						47						—						47
Limited partnerships and hedge funds						—						—						207						207
Cash and cash equivalents						—						30						—						30
Total						$	—					$	77					$	340					$	417

(In millions)						December 31, 2024
Asset Category						Level 1						Level 2						NAV						Total
Common trust funds						$	—					$	—					$	310					$	310
LDI						—						56						—						56
Limited partnerships and hedge funds						—						—						89						89
Cash and cash equivalents						—						17						—						17
Total						$	—					$	73					$	399					$	472

The fair values of the Company’s Non-U.S. retirement plan assets are as follows:

(In millions)						December 31, 2025
Asset Category						Level 1						Level 2						Level 3						NAV						Total
Treasury and government securities						$	121					$	14					$	—					$	—					$	135
Insurance contracts						—						—						21						—						21
Bond funds						—						26						—						—						26
Limited partnerships						—						—						—						13						13
Corporate debt securities						—						5						—						—						5
Common and preferred stock						4						—						—						—						4
Cash and cash equivalents						1						—						—						—						1
Repurchase agreements						—						(60)						—						—						(60)
Other investment funds						4						11						—						18						33
Total						$	130					$	(4)					$	21					$	31					$	178

(In millions)						December 31, 2024
Asset Category						Level 1						Level 2						Level 3						NAV						Total
Treasury and government securities						$	114					$	10					$	—					$	—					$	124
Bond funds						—						16						—						—						16
Insurance contracts						—						—						18						—						18
Limited partnerships						—						—						—						12						12
Corporate debt securities						—						6						—						—						6
Common and preferred stock						3						—						—						—						3
Cash and cash equivalents						1						—						—						—						1
Repurchase agreements						—						(67)						—						—						(67)
Other investment funds						3						18						—						23						44
Total						$	121					$	(17)					$	18					$	35					$	157

X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-SubTopic 10
-Topic 825
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-10

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-13

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482881/825-10-55-12

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482907/825-10-50-11

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- References

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X

- Definition

The entire disclosure of the fair value measurement of assets and liabilities, which includes financial instruments measured at fair value that are classified in shareholders' equity, which may be measured on a recurring or nonrecurring basis.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/820/tableOfContent

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