Quarterly report [Sections 13 or 15(d)]

Note 6 - Variable Interest Entities - Schedule of Financial Information of Variable Interest Entities (Details)

v3.25.1
Note 6 - Variable Interest Entities - Schedule of Financial Information of Variable Interest Entities (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Current assets $ 2,286   $ 2,125
Property, plant and equipment, net [1] 2,494   2,493
Operating lease right-of-use assets 381   382
Deferred income taxes 61   69
Total assets 7,232   7,114
Current liabilities 1,540   1,565
Long-term debt [1] 1,670   1,510
Noncurrent operating lease liabilities [1] 343   348
Other noncurrent liabilities [1] 317   324
Deferred income taxes 191   204
Total liabilities 4,061   3,951
Income from continuing operations before income taxes 27 $ (36)  
Net cash provided by operating activities (74) (65)  
Variable Interest Entity, Primary Beneficiary [Member]      
Current assets 107   89
Property, plant and equipment, net 124   124
Operating lease right-of-use assets 22   21
Other noncurrent assets 135   133
Deferred income taxes 10   10
Total assets 398   377
Current liabilities 143   147
Long-term debt 5   7
Noncurrent operating lease liabilities 13   15
Other noncurrent liabilities 16   16
Deferred income taxes 2   2
Total liabilities 179   $ 187
Income from continuing operations before income taxes 16 18  
Net cash provided by operating activities $ 16 $ 19  
[1] At March 31, 2025 and December 31, 2024, respectively, $15 and $6 of cash and cash equivalents, $20 and $19 of accounts and notes receivable (net), $63 and $57 of inventories, $124 each of property, plant and equipment (net), $36 and $37 of other noncurrent assets, $108 and $111 of accounts payable, $17 and $21 of accrued liabilities, $9 each of current portion of debt, $9 and $6 of current operating lease liabilities, $5 and $7 of long-term debt, $13 and $15 of noncurrent operating lease liabilities and $16 each of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 6. Variable Interest Entities.” These assets can only be used to settle obligations of the variable interest entities, and creditors of these liabilities do not have recourse to our general credit.