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CONDENSED CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 298 $ 388
Receivables (net of allowance of $10 and $9 at March 31, 2025 and December 31, 2024, respectively) 783 643
Inventories 1,204 1,147
Prepaid and other current assets 151 142
Total current assets 2,436 2,320
Non-current assets    
Property, plant and equipment – net 720 714
Goodwill 1,086 1,093
Intangible assets – net 1,088 1,107
Other assets 510 496
Total assets 5,840 5,730
Current liabilities    
Current portion of long-term debt 4 4
Trade accounts payable 668 580
Accrued compensation and benefits 117 117
Other current liabilities 364 372
Total current liabilities 1,153 1,073
Non-current liabilities    
Long-term debt, less current portion 2,582 2,580
Other non-current liabilities 261 245
Total liabilities 3,996 3,898
Commitments and contingencies
Stockholders’ equity    
Common stock, $0.01 par value – authorized 300.0 shares; issued 85.5 and 85.1 shares at March 31, 2025 and December 31, 2024, respectively 1 1
Additional paid-in capital 919 921
Retained earnings 1,974 1,964
Accumulated other comprehensive income (loss) (350) (382)
Less cost of shares of common stock in treasury – 20.0 and 19.4 shares at March 31, 2025 and December 31, 2024 (700) (672)
Total stockholders’ equity 1,844 1,832
Total liabilities and stockholders’ equity $ 5,840 $ 5,730