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Consolidated Statement of Financial Position (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 168 $ 201
Trade receivables, net of allowances of $8 and $7, respectively 146 138
Inventories, net 236 219
Other current assets 42 37
Total current assets 592 595
Property, plant and equipment, net of accumulated depreciation of $492 and $482, respectively 198 189
Goodwill 12 12
Intangible assets, net 17 20
Operating lease right-of-use assets 37 27
Restricted cash 95 92
Pension and other postretirement assets 1,054 989
Other long-term assets 70 77
TOTAL ASSETS 2,075 2,001
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY    
Accounts payable, trade 103 120
Short-term borrowings and current portion of long-term debt 497 1
Current portion of operating leases 12 11
Other current liabilities 137 129
Total current liabilities 749 261
Long-term debt, net of current portion 10 466
Pension and other postretirement liabilities 216 197
Operating leases, net of current portion 30 21
Other long-term liabilities 209 197
Total liabilities 1,214 1,142
Commitments and Contingencies (Note 7)
Redeemable, convertible preferred stock, no par value, $100 per share liquidation preference 99 218
EQUITY    
Common stock, $0.01 par value 1 0
Additional paid in capital 1,271 1,150
Treasury stock, at cost (14) (12)
Accumulated deficit (413) (393)
Accumulated other comprehensive loss (83) (104)
Total shareholders’ equity 762 641
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY 2,075 2,001
Redeemable Preferred Stock [Member]    
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY    
Redeemable, convertible preferred stock, no par value, $100 per share liquidation preference $ 99 $ 218