XML 16 R2.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]    
Net sales $ 1,566 $ 1,653
Cost of products sold 1,063 1,149
Gross profit 503 504
Selling, general and administrative expenses 471 462
Restructuring costs, net 11 26
Operating income (loss) 21 16
Non-operating expenses:    
Interest expense, net 72 70
Loss on extinguishment and modification of debt 0 1
Other expense, net 4 5
Loss before income taxes (55) (60)
Income tax benefit (18) (51)
Net loss $ (37) $ (9)
Weighted average common shares outstanding:    
Basic (in shares) 416.8 414.7
Diluted (in shares) 416.8 414.7
Loss per share:    
Basic (in USD per share) $ (0.09) $ (0.02)
Diluted (in USD per share) $ (0.09) $ (0.02)
COMPREHENSIVE INCOME (LOSS):    
Net loss $ (37) $ (9)
Other comprehensive income (loss), net of tax:    
Foreign currency translation adjustments (1) (24)
Pension and postretirement costs 3 8
Derivative financial instruments (5) 7
Total other comprehensive loss, net of tax (3) (9)
Total comprehensive loss $ (40) $ (18)