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RELATED PARTY TRANSACTIONS (Tables) | 9 Months Ended
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Sep. 30, 2025
Related Party Transactions [Abstract] |
Schedule of Related Party Transactions | Corporate expense allocations were recorded in the unaudited interim Combined Statements of Operations within the following captions:
In millions | Three Months Ended September 30, | Nine Months Ended September 30,
2025 | 2024 | 2025 | 2024
Selling, general and administrative expenses | $ | 58 |  | $ | 57 |  | $ | 168 |  | $ | 172 |
Cost of sales | 8 | 10 | 25 | 31
Research and development expenses | 10 | 10 | 29 | 27
Restructuring | — | 6 | 11 | 7
Total corporate expense allocations | $ | 76 |  | $ | 83 |  | $ | 233 |  | $ | 237 |
Net transfers from (to) Parent are included within Parent company net investment on the unaudited interim Combined Statements of Changes in Equity. The components of the net transfers from (to) Parent are as follows:
In millions | Three Months Ended September 30, | Nine Months Ended September 30,
2025 | 2024 | 2025 | 2024
Cash pooling and general financing activities | $ | (1,828) |  | $ | (164) |  | $ | (1,856) |  | $ | (168) |
Less: Corporate cost allocations | 76 | 83 | 233 | 237
Less: Taxes deemed settled with Parent | 81 | 66 | 214 | 199
Total net transfers (to) from Parent per unaudited interim Combined Statements of Changes in Equity | (1,985) | (313) | (2,303) | (604)
Stock-based compensation and other noncash transfers (to) from Parent | (4) | — | (8) | (7)
Net transfers (to) from Parent per unaudited interim Combined Statements of Cash Flows | $ | (1,989) |  | $ | (313) |  | $ | (2,311) |  | $ | (611) |

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 + Details
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