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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Information |
Schedule of segment operating profit (loss) for the Company's reportable segments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended June 30,
​ |  | 2025 |  | 2024
​ | ​ | ​ | Americas | ​ | Europe | ​ | Total | ​ | ​ | Americas | ​ | Europe | ​ | Total
Reportable segment net sales | ​ | $ | 943 | $ | 741 | $ | 1,684 | ​ | $ | 899 | $ | 802 | $ | 1,701
Other | ​ | ​ | ​ | ​ | ​ | ​ | 22 | ​ | ​ | ​ | ​ | ​ | ​ | 28
Net Sales | ​ |  | ​ |  | ​ |  | 1,706 | ​ | ​ | ​ | ​ | ​ | $ | 1,729
Less: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cost of goods sold | ​ | ​ | 772 | ​ | 615 | ​ | ​ | ​ | ​ | 758 | ​ | 642 | ​ | ​
Selling, administrative, engineering and research and development expenses | ​ | ​ | 42 | ​ | 46 | ​ | ​ | ​ | ​ | 47 | ​ | 46 | ​ | ​
Equity earnings | ​ | ​ | (19) | ​ | (9) | ​ | ​ | ​ | ​ | (16) | ​ | (13) | ​ | ​
Other segment expenses (income) | ​ | ​ | 13 | ​ | (1) | ​ | ​ | ​ | ​ | 4 | ​ | ​ | ​ | ​
Segment operating profit | ​ | $ | 135 | $ | 90 | $ | 225 | ​ | $ | 106 | $ | 127 | $ | 233
Items excluded from segment operating profit: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reconciliation of segment operating profit | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Retained corporate costs and other | ​ | ​ | ​ | ​ | ​ | ​ | (25) | ​ | ​ | ​ | ​ | ​ | ​ | (32)
Restructuring, asset impairment and other charges | ​ | ​ | ​ | ​ | ​ | ​ | (108) | ​ | ​ | ​ | ​ | ​ | ​ | ​
Legacy environmental charge | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (10)
Interest expense, net | ​ | ​ | ​ | ​ | ​ | ​ | (85) | ​ | ​ | ​ | ​ | ​ | ​ | (87)
Earnings before income taxes | ​ | ​ | ​ | ​ | ​ | $ | 7 | ​ | ​ | ​ | ​ | ​ | $ | 104
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six months ended June 30,
​ |  | 2025 |  | 2024
​ | ​ | ​ | Americas | ​ | Europe | ​ | Total | ​ | ​ | Americas | ​ | Europe | ​ | Total
Reportable segment net sales | ​ | $ | 1,816 | $ | 1,407 | $ | 3,223 | ​ | $ | 1,753 | $ | 1,511 | $ | 3,264
Other | ​ | ​ | ​ | ​ | ​ | ​ | 50 | ​ | ​ | ​ | ​ | ​ | ​ | 58
Net Sales | ​ |  | ​ |  | ​ |  | 3,273 | ​ | ​ | ​ | ​ | ​ | $ | 3,322
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Less: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cost of goods sold | ​ | ​ | 1,475 | ​ | 1,173 | ​ | ​ | ​ | ​ | 1,470 | ​ | 1,177 | ​ | ​
Selling, administrative, engineering and research and development expenses | ​ | ​ | 85 | ​ | 92 | ​ | ​ | ​ | ​ | 99 | ​ | 93 | ​ | ​
Equity earnings | ​ | ​ | (38) | ​ | (13) | ​ | ​ | ​ | ​ | (35) | ​ | (19) | ​ | ​
Other segment expenses (income) | ​ | ​ | 18 | ​ | (3) | ​ | ​ | ​ | ​ | 11 | ​ | ​ | ​ | ​
Segment operating profit | ​ | $ | 276 | $ | 158 | $ | 434 | ​ | $ | 208 | $ | 260 | $ | 468
Items excluded from segment operating profit: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reconciliation of segment operating profit | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Retained corporate costs and other | ​ | ​ | ​ | ​ | ​ | ​ | (53) | ​ | ​ | ​ | ​ | ​ | ​ | (72)
Restructuring, asset impairment and other charges | ​ | ​ | ​ | ​ | ​ | ​ | (191) | ​ | ​ | ​ | ​ | ​ | ​ | ​
Legacy environmental charge | ​ | ​ | ​ | ​ | ​ | ​ | (4) | ​ | ​ | ​ | ​ | ​ | ​ | (10)
Gain on sale of miscellaneous assets | ​ | ​ | ​ | ​ | ​ | ​ | 6 | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest expense, net | ​ | ​ | ​ | ​ | ​ | ​ | (166) | ​ | ​ | ​ | ​ | ​ | ​ | (165)
Earnings before income taxes | ​ | ​ | ​ | ​ | ​ | $ | 26 | ​ | ​ | ​ | ​ | ​ | $ | 221
Schedule of assets, equity investments, equity earnings, capital expenditures and depreciation and amortization expense for the Company's reportable segments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of June 30, | ​
​ |  | ​ | ​ |  | ​ | ​ |  | Reportable |  | Retained |  | Consoli- |
​ | ​ | ​ | ​ | ​ | ​ | ​ | Segment | ​ | Corp Costs | ​ | dated |
​ | ​ | Americas | ​ | Europe | ​ | Totals | ​ | and Other | ​ | Totals |
Total assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2025 | ​ | $ | 4,841 | ​ | $ | 3,984 | ​ | $ | 8,825 | ​ | $ | 354 | ​ | $ | 9,179 | ​
2024 | ​ | ​ | 5,009 | ​ | ​ | 3,796 | ​ | ​ | 8,805 | ​ | ​ | 529 | ​ | ​ | 9,334 | ​
Equity investments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2025 | ​ | $ | 475 | ​ | $ | 201 | ​ | $ | 676 | ​ | $ | 36 | ​ | $ | 712 | ​
2024 | ​ | ​ | 467 | ​ | ​ | 173 | ​ | ​ | 640 | ​ | ​ | 58 | ​ | ​ | 698 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended June 30, | ​
​ |  | ​ | ​ |  | ​ | ​ |  | Reportable |  | Retained |  | Consoli- | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | Segment | ​ | Corp Costs | ​ | dated | ​
​ | ​ | Americas | ​ | Europe | ​ | Totals | ​ | and Other | ​ | Totals | ​
Equity earnings: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2025 | ​ | $ | 19 | ​ | $ | 9 | ​ | $ | 28 | ​ | $ | — | ​ | $ | 28 | ​
2024 | ​ | ​ | 16 | ​ | ​ | 13 | ​ | ​ | 29 | ​ | ​ | 1 | ​ | ​ | 30 | ​
Capital expenditures: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2025 | ​ | $ | 41 | ​ | $ | 48 | ​ | $ | 89 | ​ | $ | 15 | ​ | $ | 104 | ​
2024 | ​ | ​ | 99 | ​ | ​ | 58 | ​ | ​ | 157 | ​ | ​ | 3 | ​ | ​ | 160 | ​
Depreciation and amortization expense: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2025 | ​ | $ | 70 | ​ | $ | 43 | ​ | $ | 113 | ​ | $ | 5 | ​ | $ | 118 | ​
2024 | ​ | ​ | 73 | ​ | ​ | 44 | ​ | ​ | 117 | ​ | ​ | 5 | ​ | ​ | 122 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six months ended June 30, | ​
​ |  | ​ | ​ |  | ​ | ​ |  | Reportable |  | Retained |  | Consoli- | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | Segment | ​ | Corp Costs | ​ | dated | ​
​ | ​ | Americas | ​ | Europe | ​ | Totals | ​ | and Other | ​ | Totals | ​
Equity earnings: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2025 | ​ | $ | 38 | ​ | $ | 13 | ​ | $ | 51 | ​ | $ | — | ​ | $ | 51 | ​
2024 | ​ | ​ | 35 | ​ | ​ | 19 | ​ | ​ | 54 | ​ | ​ | 1 | ​ | ​ | 55 | ​
Capital expenditures: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2025 | ​ | $ | 103 | ​ | $ | 120 | ​ | $ | 223 | ​ | $ | 16 | ​ | $ | 239 | ​
2024 | ​ | ​ | 222 | ​ | ​ | 146 | ​ | ​ | 368 | ​ | ​ | 5 | ​ | ​ | 373 | ​
Depreciation and amortization expense: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2025 | ​ | $ | 143 | ​ | $ | 80 | ​ | $ | 223 | ​ | $ | 10 | ​ | $ | 233 | ​
2024 | ​ | ​ | 148 | ​ | ​ | 87 | ​ | ​ | 235 | ​ | ​ | 10 | ​ | ​ | 245 | ​
Total assets for the Company's reportable segments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of June 30, | ​
​ |  | U.S. |  | Non-U.S. |  | Total |
2025 | ​ | $ | 798 | ​ | $ | 2,854 | ​ | $ | 3,652 | ​
2024 | ​ |  | 912 | ​ | ​ | 2,763 | ​ | ​ | 3,675 | ​
Schedule of segment information by geographic segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended June 30, | ​
​ |  | U.S. |  | Non-U.S. |  | Total |
2025 | ​ | $ | 446 | ​ | $ | 1,260 | ​ | $ | 1,706 | ​
2024 | ​ |  | 419 | ​ | ​ | 1,310 | ​ | ​ | 1,729 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six months ended June 30,
​ |  | U.S. |  | Non-U.S. |  | Total
2025 | ​ | $ | 888 | ​ | $ | 2,385 | ​ | $ | 3,273
2024 | ​ |  | 814 | ​ | ​ | 2,508 | ​ | ​ | 3,322

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