v3.25.4
Segment Information (Tables)
12 Months Ended
Dec. 31, 2025
Segment Information  
Schedule of segment operating profit (loss) for the Company's reportable segments

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

Americas

Europe

Total

Americas

Europe

Total

Americas

Europe

Total

Reportable segment net sales

$

3,641

$

2,689

$

6,330

$

3,584

$

2,820

$

6,404

$

3,865

$

3,117

$

6,982

Other

96

127

123

Net sales

 

 

$

6,426

 

$

6,531

$

7,105

Less:

Cost of goods sold

2,982

2,245

3,053

2,317

3,181

2,314

Selling, administrative, engineering and research and development expenses

177

175

189

178

210

193

Equity earnings

(93)

(25)

(70)

(34)

(59)

(65)

Other segment expenses (income)

26

(3)

20

3

22

(7)

Segment operating profit

$

549

$

297

$

846

$

392

$

356

$

748

$

511

$

682

$

1,193

Items excluded from segment operating profit:

Retained corporate costs and other

(107)

(134)

(224)

Charge for goodwill impairment

(445)

Restructuring, asset impairment and other charges

(443)

(206)

(100)

Equity investment impairment

(25)

Legacy environmental charge

(4)

(11)

Pension settlement and curtailment charges

(5)

(5)

(19)

Gain on sale of divested businesses and miscellaneous assets

5

6

4

Interest expense, net

(341)

(335)

(342)

Earnings (loss) before income taxes

$

(49)

$

38

$

67

Schedule of assets, equity investments, equity earnings, capital expenditures and depreciation and amortization expense for the Company's reportable segments

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Reportable

  ​ ​ ​

Retained

  ​ ​ ​

Consoli-

 

Segment

Corp Costs

dated

 

Americas

Europe

Totals

and Other

Totals

 

Total assets:

2025

$

4,731

$

4,102

$

8,833

$

410

$

9,243

2024

4,646

3,534

8,180

474

8,654

2023

5,218

3,949

9,167

502

9,669

Equity investments:

2025

$

485

$

212

$

697

$

38

$

735

2024

446

182

628

33

661

2023

490

193

683

60

743

Equity earnings:

2025

$

93

$

25

$

118

$

1

$

119

2024

70

34

104

(25)

79

2023

59

65

124

3

127

Capital expenditures:

2025

$

199

$

216

$

415

$

17

$

432

2024

354

254

608

9

617

2023

459

221

680

8

688

Depreciation and amortization expense:

2025

$

295

$

168

$

463

$

16

$

479

2024

296

169

465

21

486

2023

296

166

462

21

483

Schedule of segment information by geographic segment

The Company’s tangible long-lived assets, including property, plant and equipment and operating lease right-of-use assets, by geographic region are as follows:

  ​ ​ ​

U.S.

  ​ ​ ​

Non-U.S.

  ​ ​ ​

Total

 

2025

$

766

$

2,867

$

3,633

2024

 

927

2,570

3,497

2023

 

845

2,930

3,775

The Company’s net sales by geographic region are as follows:

  ​ ​ ​

U.S.

  ​ ​ ​

Non-U.S.

  ​ ​ ​

Total

 

2025

$

1,707

$

4,719

$

6,426

2024

 

1,686

4,845

6,531

2023

 

1,828

5,277

7,105