v3.25.4

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Taxes.

Provision (benefit) for income taxes calculated based on components of earnings (loss) before income taxes

​

​	​	​	​	​	​	​	​	​	​	​
​	​ ​ ​	2025		​ ​ ​	2024		​ ​ ​	2023
U.S.	​	$	(271)	​	$	(284)	​	$	(455)	​
Non-U.S.	​		222	​		322	​		522	​
​	​	$	(49)	​	$	38	​	$	67	​

​

Provision (benefit) for income taxes

​

​	​	​	​	​	​	​	​	​	​	​
​	​ ​ ​	2025		​ ​ ​	2024		​ ​ ​	2023
Current:	​	​	​	​	​	​	​	​	​	​
U.S. federal	​	$	13	​	$	13	​	$	13	​
U.S. state	​		1	​		​	​		​	​
Non-U.S.	​	​	105	​	​	106	​	​	114	​
​	​		119	​		119	​		127	​
Deferred:	​	​	​	​	​	​	​	​	​	​
U.S. federal	​	​	—	​		—	​		(13)	​
U.S. state	​	​	​	​		​	​		(3)	​
Non-U.S.	​		(65)	​		7	​		41	​
​	​		(65)	​		7	​		25	​
Total:	​	​	​	​	​	​	​	​	​	​
U.S. federal	​	​	13	​		13	​		—	​
U.S. state	​		1	​		​	​		(3)	​
Non-U.S.	​		40	​		113	​		155	​
​	​	$	54	​	$	126	​	$	152	​

Reconciliation of the provision for income taxes

​

​	​	​	​	​	​	​	​
​	​	2025					​
​	​ ​ ​	​		​ ​ ​	Percent of Pre-tax income		​
US federal statutory tax rate	​	$	(10)	​	​	21	%
State and local income taxes, net of federal income tax effect(a)	​	​	1	​	​	(2)	%
Foreign tax effects	​	​	​	​	​	​	​
Brazil	​	​	​	​	​	​	​
Withholding tax	​	​	6	​	​	(13)	%
Other	​	​	3	​	​	(6)	%
Colombia	​	​	​	​	​	​	​
Statutory tax rate difference between Colombia and US	​	​	10	​	​	(20)	%
Other	​	​	3	​	​	(7)	%
France	​	​	​	​	​	​	​
Nontaxable or nondeductible items	​	​	13	​	​	(27)	%
Other	​	​	(4)	​	​	7	%
Mexico	​	​	​	​	​	​	​
Nontaxable or nondeductible items	​	​	7	​	​	(14)	%
Withholding tax	​	​	12	​	​	(25)	%
Other	​	​	4	​	​	(8)	%
Netherlands	​	​	​	​	​	​	​
Equity earnings	​	​	(18)	​	​	36	%
Nontaxable or nondeductible items	​	​	9	​	​	(19)	%
Alternative minimum taxes	​	​	8	​	​	(17)	%
Tax credits and incentives	​	​	(18)	​	​	36	%
Other	​	​	(8)	​	​	16	%
Poland	​	​	​	​	​	​	​
Tax credits and incentives	​	​	(33)	​	​	68	%
Change in valuation allowance	​	​	11	​	​	(22)	%
Spain	​	​	​	​	​	​	​
Nontaxable or nondeductible items	​	​	(7)	​	​	15	%
Other foreign jurisdictions	​	​	6	​	​	(12)	%
Effect of cross-border tax laws	​	​	​	​	​	​	​
Global intangible low-taxed income net of foreign tax credit	​	​	7	​	​	(13)	%
Foreign currency gain/loss	​	​	(6)	​	​	12	%
Tax credits	​	​	(5)	​	​	10	%
Changes in valuation allowances	​	​	49	​	​	(100)	%
Nontaxable or nondeductible items	​	​	​	​	​	​	​
Non deductible foreign expenses	​	​	13	​	​	(26)	%
Other	​	​	5	​	​	(10)	%
Global changes in unrecognized tax benefits	​	​	(4)	​	​	10	%
Total income tax expense	​	$	54	​	​	(110)	%

​

​	​	​	​	​	​	​	​
​	​ ​ ​	2024		​ ​ ​	2023
Tax provision on pretax earnings at statutory U.S. Federal tax rate	​	$	8	​	$	14	​
Increase (decrease) in provision for income taxes due to:	​	​	​	​	​	​	​
Non-U.S. tax rates	​	​	12	​	​	5	​
Global intangible low taxed income and Foreign-derived intangible income, net of applicable GILTI credits	​	​	6	​	​	12	​
Goodwill impairment	​	​	​	​	​	85	​
Tax law changes	​	​	(1)	​	​	3	​
Change in valuation allowance	​	​	34	​	​	85	​
Tax attribute expiration	​	​	17	​	​	7	​
Withholding tax	​	​	12	​	​	14	​
Non-deductible expenses and taxable gains	​	​	36	​	​	13	​
Tax credits and incentives	​	​	(24)	​	​	(34)	​
Changes in tax reserves and audit settlements	​	​	4	​	​	(14)	​
Mexico inflationary adjustments	​	​	(1)	​	​	(5)	​
Equity earnings	​	​	(17)	​	​	(23)	​
Intercompany financing	​	​	18	​	​	(13)	​
Other taxes based on income	​	​	6	​	​	6	​
Other items	​	​	16	​	​	(3)	​
Provision for income taxes	​	$	126	​	$	152	​

Significant components of deferred tax assets and liabilities and deferred taxes included in the Consolidated Balance Sheets

​

​	​	​	​	​	​	​	​
​	​ ​ ​	2025		​ ​ ​	2024		​ ​ ​
Deferred tax assets:	​	​	​	​	​	​	​
Accrued postretirement benefits	​	$	19	​	$	23	​
Foreign tax credit carryovers	​		178	​	​	144	​
Operating, capital loss and interest carryovers	​		418	​	​	357	​
Other credit carryovers	​		36	​	​	29	​
Accrued liabilities	​		87	​	​	75	​
Pension liabilities	​		2	​	​	10	​
Operating lease liabilities	​	​	47	​	​	50	​
Other	​		130	​	​	61	​
Total deferred tax assets	​		917	​		749	​
Deferred tax liabilities:	​	​	​	​	​	​	​
Property, plant and equipment	​		121	​	​	113	​
Intangibles and deferred software	​		41	​	​	39	​
Operating lease right-of-use assets	​	​	45	​	​	48	​
Total deferred tax liabilities	​		207	​		200	​
Valuation allowance	​		(647)	​	​	(544)	​
Net deferred taxes	​	$	63	​	$	5	​

​

Deferred taxes are included in the Consolidated Balance Sheets at December 31, 2025 and 2024 as follows:

​

​	​	​	​	​	​	​	​
​	​ ​ ​	2025		​ ​ ​	2024		​ ​ ​
Other assets	​	$	138	​	$	79	​
Deferred taxes	​		(75)	​		(74)	​
Net deferred taxes	​	$	63	​	$	5	​

Reconciliation of the gross unrecognized tax benefits

​

​	​	​	​	​	​	​	​	​	​	​
​	​ ​ ​	2025		​ ​ ​	2024		​ ​ ​	2023
Balance at January 1	​	$	21	​	$	41	​	$	53	​
Additions and reductions for tax positions of prior years	​		(7)	​	​	​	​	​	(15)	​
Additions based on tax positions related to the current year	​		3	​	​	5	​	​	​	​
Reductions due to the lapse of the applicable statute of limitations	​	​	​	​	​	​	​	​	​	​
Reductions due to settlements	​	​	​	​	​	(24)	​	​	(1)	​
Foreign currency translation	​		1	​	​	(1)	​	​	4	​
Balance at December 31	​	$	18	​	$	21	​	$	41	​
Unrecognized tax benefits, which if recognized, would impact the Company’s effective income tax rate	​	$	11	​	$	10	​	$	25	​
Accrued interest and penalties at December 31	​	$	2	​	$	2	​	$	9	​
Interest and penalties included in tax expense for the years ended December 31	​	$	—	​	$	(8)	​	$	1	​

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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