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Condensed Combined Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 128 $ 166
Accounts and notes receivable - net 802 682
Inventories 647 597
Prepaid and other current assets 44 38
Total current assets 1,621 1,483
Property, plant and equipment - net of accumulated depreciation (September 30, 2025 - $1,388; December 31, 2024 - $1,121) 1,622 1,548
Other Assets    
Goodwill 7,497 7,379
Other intangible assets 1,160 1,286
Investments and noncurrent receivables 433 394
Deferred income tax assets 44 42
Deferred charges and other assets 135 141
Total other assets 9,269 9,242
Total Assets 12,512 12,273
Current Liabilities    
Accounts payable 590 528
Income taxes payable 154 161
Accrued and other current liabilities 166 150
Total current liabilities 910 839
Long-Term Debt 1,722 0
Other Noncurrent Liabilities    
Deferred income tax liabilities 189 259
Pensions - noncurrent 71 65
Other noncurrent obligations 233 214
Total other noncurrent liabilities 493 538
Total Liabilities 3,125 1,377
Commitments and contingent liabilities
Equity    
Parent company net investment 9,347 11,058
Accumulated other comprehensive loss (224) (414)
Total Qnity equity 9,123 10,644
Noncontrolling interests 264 252
Total equity 9,387 10,896
Total Liabilities and Equity $ 12,512 $ 12,273