Quarterly report [Sections 13 or 15(d)]

Note 9 - Debt - Outstanding Debt (Details)

v3.25.1
Note 9 - Debt - Outstanding Debt (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Amount outstanding $ 1,954 $ 1,835
Current portion of debt [1] 284 325
Long-term portion of debt [1] 1,670 1,510
The Revolving Credit Facility [Member]    
Revolving credit facility 273 0
The Senior Notes [Member]    
Amount outstanding 1,486 1,799
Accounts Receivable Programs [Member]    
Amount outstanding 163 0
Variable Interest Entities Debt [Member]    
Amount outstanding 14 16
Other Debt Instruments [Member]    
Amount outstanding $ 18 $ 20
[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.