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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2025
Segment Information |
Schedule of segment operating profit (loss) for the Company's reportable segments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended September 30,
​ |  | 2025 |  | 2024
​ | ​ | ​ | Americas | ​ | Europe | ​ | Total | ​ | ​ | Americas | ​ | Europe | ​ | Total
Reportable segment net sales | ​ | $ | 940 | $ | 688 | $ | 1,628 | ​ | $ | 940 | $ | 706 | $ | 1,646
Other | ​ | ​ | ​ | ​ | ​ | ​ | 25 | ​ | ​ | ​ | ​ | ​ | ​ | 33
Net Sales | ​ |  | ​ |  | ​ |  | 1,653 | ​ | ​ | ​ | ​ | ​ | $ | 1,679
Less: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cost of goods sold | ​ | ​ | 771 | ​ | 558 | ​ | ​ | ​ | ​ | 822 | ​ | 613 | ​ | ​
Selling, administrative, engineering and research and development expenses | ​ | ​ | 44 | ​ | 42 | ​ | ​ | ​ | ​ | 43 | ​ | 42 | ​ | ​
Equity earnings | ​ | ​ | (24) | ​ | (7) | ​ | ​ | ​ | ​ | (15) | ​ | (5) | ​ | ​
Other segment expenses (income) | ​ | ​ | 9 | ​ | ​ | ​ | ​ | ​ | ​ | 2 | ​ | ​ | ​ | ​
Segment operating profit | ​ | $ | 140 | $ | 95 | $ | 235 | ​ | $ | 88 | $ | 56 | $ | 144
Items excluded from segment operating profit: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reconciliation of segment operating profit | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Retained corporate costs and other | ​ | ​ | ​ | ​ | ​ | ​ | (26) | ​ | ​ | ​ | ​ | ​ | ​ | (31)
Restructuring, asset impairment and other charges | ​ | ​ | ​ | ​ | ​ | ​ | (61) | ​ | ​ | ​ | ​ | ​ | ​ | (83)
Legacy environmental charge | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (1)
Gain on sale of miscellaneous assets | ​ | ​ | ​ | ​ | ​ | ​ | 1 | ​ | ​ | ​ | ​ | ​ | ​ | 1
Interest expense, net | ​ | ​ | ​ | ​ | ​ | ​ | (91) | ​ | ​ | ​ | ​ | ​ | ​ | (87)
Earnings (loss) before income taxes | ​ | ​ | ​ | ​ | ​ | $ | 58 | ​ | ​ | ​ | ​ | ​ | $ | (57)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine months ended September 30,
​ |  | 2025 |  | 2024
​ | ​ | ​ | Americas | ​ | Europe | ​ | Total | ​ | ​ | Americas | ​ | Europe | ​ | Total
Reportable segment net sales | ​ | $ | 2,756 | $ | 2,095 | $ | 4,851 | ​ | $ | 2,693 | $ | 2,216 | $ | 4,909
Other | ​ | ​ | ​ | ​ | ​ | ​ | 75 | ​ | ​ | ​ | ​ | ​ | ​ | 93
Net Sales | ​ |  | ​ |  | ​ |  | 4,926 | ​ | ​ | ​ | ​ | ​ | $ | 5,002
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Less: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cost of goods sold | ​ | ​ | 2,246 | ​ | 1,730 | ​ | ​ | ​ | ​ | 2,292 | ​ | 1,789 | ​ | ​
Selling, administrative, engineering and research and development expenses | ​ | ​ | 129 | ​ | 133 | ​ | ​ | ​ | ​ | 141 | ​ | 135 | ​ | ​
Equity earnings | ​ | ​ | (62) | ​ | (20) | ​ | ​ | ​ | ​ | (51) | ​ | (24) | ​ | ​
Other segment expenses (income) | ​ | ​ | 27 | ​ | (1) | ​ | ​ | ​ | ​ | 15 | ​ | ​ | ​ | ​
Segment operating profit | ​ | $ | 416 | $ | 253 | $ | 669 | ​ | $ | 296 | $ | 316 | $ | 612
Items excluded from segment operating profit: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reconciliation of segment operating profit | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Retained corporate costs and other | ​ | ​ | ​ | ​ | ​ | ​ | (80) | ​ | ​ | ​ | ​ | ​ | ​ | (104)
Restructuring, asset impairment and other charges | ​ | ​ | ​ | ​ | ​ | ​ | (252) | ​ | ​ | ​ | ​ | ​ | ​ | (83)
Legacy environmental charge | ​ | ​ | ​ | ​ | ​ | ​ | (4) | ​ | ​ | ​ | ​ | ​ | ​ | (11)
Gain on sale of miscellaneous assets | ​ | ​ | ​ | ​ | ​ | ​ | 7 | ​ | ​ | ​ | ​ | ​ | ​ | 1
Interest expense, net | ​ | ​ | ​ | ​ | ​ | ​ | (257) | ​ | ​ | ​ | ​ | ​ | ​ | (252)
Earnings before income taxes | ​ | ​ | ​ | ​ | ​ | $ | 83 | ​ | ​ | ​ | ​ | ​ | $ | 163
Schedule of assets, equity investments, equity earnings, capital expenditures and depreciation and amortization expense for the Company's reportable segments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of September 30, | ​
​ |  | ​ | ​ |  | ​ | ​ |  | Reportable |  | Retained |  | Consoli- |
​ | ​ | ​ | ​ | ​ | ​ | ​ | Segment | ​ | Corp Costs | ​ | dated |
​ | ​ | Americas | ​ | Europe | ​ | Totals | ​ | and Other | ​ | Totals |
Total assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2025 | ​ | $ | 4,809 | ​ | $ | 3,924 | ​ | $ | 8,733 | ​ | $ | 525 | ​ | $ | 9,258 | ​
2024 | ​ | ​ | 4,882 | ​ | ​ | 3,927 | ​ | ​ | 8,809 | ​ | ​ | 563 | ​ | ​ | 9,372 | ​
Equity investments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2025 | ​ | $ | 482 | ​ | $ | 207 | ​ | $ | 689 | ​ | $ | 37 | ​ | $ | 726 | ​
2024 | ​ | ​ | 443 | ​ | ​ | 186 | ​ | ​ | 629 | ​ | ​ | 62 | ​ | ​ | 691 | ​
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended September 30, | ​
​ |  | ​ | ​ |  | ​ | ​ |  | Reportable |  | Retained |  | Consoli- | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | Segment | ​ | Corp Costs | ​ | dated | ​
​ | ​ | Americas | ​ | Europe | ​ | Totals | ​ | and Other | ​ | Totals | ​
Equity earnings: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2025 | ​ | $ | 24 | ​ | $ | 7 | ​ | $ | 31 | ​ | $ | — | ​ | $ | 31 | ​
2024 | ​ | ​ | 15 | ​ | ​ | 5 | ​ | ​ | 20 | ​ | ​ | — | ​ | ​ | 20 | ​
Capital expenditures: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2025 | ​ | $ | 45 | ​ | $ | 54 | ​ | $ | 99 | ​ | $ | 1 | ​ | $ | 100 | ​
2024 | ​ | ​ | 83 | ​ | ​ | 50 | ​ | ​ | 133 | ​ | ​ | 3 | ​ | ​ | 136 | ​
Depreciation and amortization expense: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2025 | ​ | $ | 72 | ​ | $ | 44 | ​ | $ | 116 | ​ | $ | 4 | ​ | $ | 120 | ​
2024 | ​ | ​ | 76 | ​ | ​ | 43 | ​ | ​ | 119 | ​ | ​ | 5 | ​ | ​ | 124 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine months ended September 30, | ​
​ |  | ​ | ​ |  | ​ | ​ |  | Reportable |  | Retained |  | Consoli- | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | Segment | ​ | Corp Costs | ​ | dated | ​
​ | ​ | Americas | ​ | Europe | ​ | Totals | ​ | and Other | ​ | Totals | ​
Equity earnings: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2025 | ​ | $ | 62 | ​ | $ | 20 | ​ | $ | 82 | ​ | $ | — | ​ | $ | 82 | ​
2024 | ​ | ​ | 51 | ​ | ​ | 24 | ​ | ​ | 75 | ​ | ​ | — | ​ | ​ | 75 | ​
Capital expenditures: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2025 | ​ | $ | 148 | ​ | $ | 174 | ​ | $ | 322 | ​ | $ | 17 | ​ | $ | 339 | ​
2024 | ​ | ​ | 305 | ​ | ​ | 196 | ​ | ​ | 501 | ​ | ​ | 8 | ​ | ​ | 509 | ​
Depreciation and amortization expense: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2025 | ​ | $ | 215 | ​ | $ | 124 | ​ | $ | 339 | ​ | $ | 14 | ​ | $ | 353 | ​
2024 | ​ | ​ | 225 | ​ | ​ | 129 | ​ | ​ | 354 | ​ | ​ | 15 | ​ | ​ | 369 | ​
Total assets for the Company's reportable segments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of September 30, | ​
​ |  | U.S. |  | Non-U.S. |  | Total |
2025 | ​ | $ | 760 | ​ | $ | 2,871 | ​ | $ | 3,631 | ​
2024 | ​ |  | 927 | ​ | ​ | 2,784 | ​ | ​ | 3,711 | ​
Schedule of segment information by geographic segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended September 30, | ​
​ |  | U.S. |  | Non-U.S. |  | Total |
2025 | ​ | $ | 433 | ​ | $ | 1,220 | ​ | $ | 1,653 | ​
2024 | ​ |  | 455 | ​ | ​ | 1,224 | ​ | ​ | 1,679 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine months ended September 30,
​ |  | U.S. |  | Non-U.S. |  | Total
2025 | ​ | $ | 1,320 | ​ | $ | 3,606 | ​ | $ | 4,926
2024 | ​ |  | 1,270 | ​ | ​ | 3,732 | ​ | ​ | 5,002

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