Annual report [Section 13 and 15(d), not S-K Item 405]

Note 15 - Debt - Outstanding Debt (Details)

v3.25.4
Note 15 - Debt - Outstanding Debt (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Amount outstanding $ 2,011 $ 1,835
Current portion of debt [1] 353 325
Long-term portion of debt [1] 1,658 1,510
The Revolving Credit Facility [Member]    
Revolving facility 343 0
The Senior Notes [Member]    
Amount outstanding 1,488 1,799
Accounts Receivable Programs [Member]    
Amount outstanding 152 0
Variable Interest Entities Debt [Member]    
Amount outstanding 7 16
Other Debt Instruments [Member]    
Amount outstanding $ 21 $ 20
[1] At December 31, 2025 and December 31, 2024, respectively, $3 and $6 of cash and cash equivalents, $24 and $19 of accounts and notes receivable (net), $50 and $57 of inventories, $122 and $124 of property, plant and equipment (net), $35 and $37 of other noncurrent assets, $91 and $111 of accounts payable, $22 and $21 of accrued liabilities, $7 and $9 of current portion of debt, $6 each of current operating lease liabilities, nil and $7 of long-term debt, $12 and $15 of noncurrent operating lease and $15 and $16 of other noncurrent liabilities from consolidated variable interest entities are included in the respective Balance Sheets captions above. See “Note 8. 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.