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Consolidated Statement of Financial Position (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 299 $ 337
Trade receivables, net of allowances of $7 at both periods 135 145
Inventories, net 255 218
Other current assets 104 141
Total current assets 793 841
Property, plant and equipment, net of accumulated depreciation of $502 and $499, respectively 195 191
Goodwill 12 12
Intangible assets, net 17 17
Operating lease right-of-use assets 35 37
Restricted cash 92 96
Pension and other postretirement assets 303 302
Other long-term assets 110 121
TOTAL ASSETS 1,557 1,617
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY    
Accounts payable, trade 111 101
Short-term borrowings and current portion of long-term debt 52 1
Current portion of operating leases 11 11
Other current liabilities 140 155
Total current liabilities 314 268
Long-term debt, net of current portion 108 208
Pension and other postretirement liabilities 187 191
Operating leases, net of current portion 27 30
Other long-term liabilities 249 207
Total liabilities 885 904
Commitments and Contingencies (Note 9)
EQUITY    
Common stock, $0.01 par value 1 1
Additional paid in capital 1,280 1,278
Treasury stock, at cost (27) (26)
Accumulated deficit (537) (521)
Accumulated other comprehensive loss (117) (118)
Total shareholders’ equity 600 614
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY 1,557 1,617
Redeemable Preferred Stock [Member]    
LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND EQUITY    
Redeemable, convertible preferred stock, no par value, $100 per share liquidation preference $ 72 $ 99