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Segment Information (Tables)

9 Months Ended

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