Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Variable Interest Entities - Schedule of Financial Information of Variable Interest Entities (Details)

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Note 5 - Variable Interest Entities - Schedule of Financial Information of Variable Interest Entities (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Current assets $ 2,700   $ 3,145
Property, plant and equipment, net [1] 2,366   2,377
Operating lease right-of-use assets 367   374
Deferred income taxes 136   147
Total assets 7,763   8,220
Current liabilities 1,297   1,701
Long-term debt [1] 1,509   1,671
Noncurrent operating lease liabilities [1] 334   336
Other noncurrent liabilities [1] 395   422
Total liabilities 3,773   4,380
Revenues [2] 1,606 $ 2,192  
Income from continuing operations before income taxes 55 282  
Net cash provided by operating activities (154) 85  
Variable Interest Entity, Primary Beneficiary [Member]      
Current assets 77   73
Property, plant and equipment, net 147   149
Operating lease right-of-use assets 28   28
Other noncurrent assets 141   140
Deferred income taxes 13   13
Total assets 406   403
Current liabilities 129   144
Long-term debt 24   26
Noncurrent operating lease liabilities 18   19
Other noncurrent liabilities 24   25
Total liabilities 195   $ 214
Revenues 0 0  
Income from continuing operations before income taxes 15 5  
Net cash provided by operating activities $ 25 $ 8  
[1] At March 31, 2023 and December 31, 2022, respectively, $12 and $5 of cash and cash equivalents, $6 and $4 of accounts and notes receivable (net), $57 and $59 of inventories, $147 and $149 of property, plant and equipment (net), $29 each of other noncurrent assets, $97 and $114 of accounts payable, $13 and $12 of accrued liabilities, $9 each of current portion of debt, $10 and $9 of current operating lease liabilities, $24 and $26 of long-term debt, $18 and $19 of noncurrent operating lease liabilities and $24 and $25 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 5. 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.
[2] Geographic information for revenues is based upon countries into which product is sold.