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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Net sales $ 1,947 $ 2,048 $ 5,633 $ 6,057
Cost of products sold 1,268 1,427 3,751 4,325
Gross profit 679 621 1,882 1,732
Selling, general and administrative expenses 536 501 1,518 1,457
Restructuring costs, net 4 16 40 76
Impairment of goodwill, intangibles and other assets 260 263 266 274
Operating income (loss) (121) (159) 58 (75)
Non-operating expenses:        
Interest expense, net 75 69 223 213
Loss on extinguishment and modification of debt 0 0 1 0
Other expense, net 9 70 15 91
Loss before income taxes (205) (298) (181) (379)
Income tax benefit (7) (80) (19) (77)
Net loss $ (198) $ (218) $ (162) $ (302)
Weighted average common shares outstanding:        
Basic (in shares) 416.0 414.2 415.3 414.1
Diluted (in shares) 416.0 414.2 415.3 414.1
Loss per share:        
Basic (in USD per share) $ (0.48) $ (0.53) $ (0.39) $ (0.73)
Diluted (in USD per share) $ (0.48) $ (0.53) $ (0.39) $ (0.73)
COMPREHENSIVE INCOME (LOSS):        
Net loss $ (198) $ (218) $ (162) $ (302)
Other comprehensive income (loss), net of tax:        
Foreign currency translation adjustments (2) (16) (61) (8)
Pension and postretirement costs (3) 53 5 52
Derivative financial instruments (1) 9 13 (8)
Total other comprehensive income (loss), net of tax (6) 46 (43) 36
Total comprehensive loss $ (204) $ (172) $ (205) $ (266)