v3.25.4

Business Segments - Business Segment Reporting Information (Details) - USD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2025 | Dec. 31, 2024 | Dec. 31, 2023
Revenues From External Customers And Long Lived Assets [Line Items] |  |  |
Net Sales | $ 18,280 | $ 18,878 | $ 20,066
Less: |  |  |
Cost of Goods Sold | 14,909 | 15,192 | 16,582
Selling, Administrative and General Expense | 2,719 | 2,782 | 2,814
Foreign currency translation adjustment, before tax | 288 | 134 | 231
Less: |  |  |
Goodwill and Intangible Asset Impairments (Note 12) | 674 | 125 | 230
Rationalizations (Note 4) | 194 | 86 | 502
Interest expense (Note 5) | 445 | 522 | 532
Asset write-offs and accelerated depreciation, net (Note 4) | 160 | 146 | 36
Income (Loss) before Income Taxes | (133) | 130 | (721)
Operating Segments |  |  |
Revenues From External Customers And Long Lived Assets [Line Items] |  |  |
Net Sales | 18,280 | 18,878 | 20,066
Less: |  |  |
Cost of Goods Sold | 14,762 | 15,086 | 16,514
Selling, Administrative and General Expense | 2,523 | 2,509 | 2,636
Foreign currency translation adjustment, before tax | (62) | (19) | (27)
Segment Operating Income | 1,057 | 1,302 | 943
Less: |  |  |
Goodwill and Intangible Asset Impairments (Note 12) | 674 | 125 | 230
Rationalizations (Note 4) | 181 | 72 | 453
Asset write-offs and accelerated depreciation, net (Note 4) | 160 | 126 | 36
Segment Reconciling Items |  |  |
Less: |  |  |
Foreign currency translation adjustment, before tax | 288 | 134 | 231
Less: |  |  |
Goodwill and Intangible Asset Impairments (Note 12) | 674 | 125 | 230
Rationalizations (Note 4) | 194 | 86 | 502
Interest expense (Note 5) | 445 | 522 | 532
Net (gains) loss on asset sales | (816) | (93) | (104)
Asset write-offs and accelerated depreciation, net (Note 4) | 160 | 146 | 36
Corporate incentive compensation plans | 69 | 62 | 70
Retained expenses of divested operations | 13 | 15 | 18
Other | 163 | 175 | 149
Intersegment Eliminations |  |  |
Less: |  |  |
Third-party consulting fees | 15 | 105 |
Americas |  |  |
Revenues From External Customers And Long Lived Assets [Line Items] |  |  |
Net Sales | 10,768 | 11,033 | 11,993
Americas | Operating Segments |  |  |
Revenues From External Customers And Long Lived Assets [Line Items] |  |  |
Net Sales | 10,768 | 11,033 | 11,993
Less: |  |  |
Cost of Goods Sold | 8,659 | 8,758 | 9,828
Selling, Administrative and General Expense | 1,403 | 1,357 | 1,440
Foreign currency translation adjustment, before tax | (29) | (15) | (24)
Segment Operating Income | 735 | 933 | 749
Less: |  |  |
Goodwill and Intangible Asset Impairments (Note 12) | 674 | 125 | 0
Rationalizations (Note 4) | 94 | 23 | 19
Asset write-offs and accelerated depreciation, net (Note 4) | 71 | 14 | 19
Europe, Middle East and Africa |  |  |
Revenues From External Customers And Long Lived Assets [Line Items] |  |  |
Net Sales | 5,550 | 5,425 | 5,606
Europe, Middle East and Africa | Operating Segments |  |  |
Revenues From External Customers And Long Lived Assets [Line Items] |  |  |
Net Sales | 5,550 | 5,425 | 5,606
Less: |  |  |
Cost of Goods Sold | 4,606 | 4,488 | 4,761
Selling, Administrative and General Expense | 855 | 848 | 855
Foreign currency translation adjustment, before tax | (25) | (3) | (2)
Segment Operating Income | 114 | 92 | (8)
Less: |  |  |
Goodwill and Intangible Asset Impairments (Note 12) | 0 | 0 | 230
Rationalizations (Note 4) | 87 | 36 | 409
Asset write-offs and accelerated depreciation, net (Note 4) | 83 | 68 | 17
Asia Pacific |  |  |
Revenues From External Customers And Long Lived Assets [Line Items] |  |  |
Net Sales | 1,962 | 2,420 | 2,467
Asia Pacific | Operating Segments |  |  |
Revenues From External Customers And Long Lived Assets [Line Items] |  |  |
Net Sales | 1,962 | 2,420 | 2,467
Less: |  |  |
Cost of Goods Sold | 1,497 | 1,840 | 1,925
Selling, Administrative and General Expense | 265 | 304 | 341
Foreign currency translation adjustment, before tax | (8) | (1) | (1)
Segment Operating Income | 208 | 277 | 202
Less: |  |  |
Rationalizations (Note 4) | 0 | 13 | 25
Asset write-offs and accelerated depreciation, net (Note 4) | $ 6 | $ 44 | $ 0

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