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 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Current assets $ 2,520   $ 2,520   $ 3,145
Property, plant and equipment, net [1] 2,354   2,354   2,377
Operating lease right-of-use assets 365   365   374
Deferred income taxes 128   128   147
Total assets 7,553   7,553   8,220
Current liabilities 1,176   1,176   1,701
Long-term debt [1] 1,562   1,562   1,671
Noncurrent operating lease liabilities [1] 333   333   336
Other noncurrent liabilities [1] 393   393   422
Total liabilities 3,707   3,707   4,380
Revenues [2] 1,596 $ 2,170 3,202 $ 4,362  
Income from continuing operations before income taxes 61 294 116 576  
Net cash provided by operating activities     (118) 316  
Variable Interest Entity, Primary Beneficiary [Member]          
Current assets 91   91   73
Property, plant and equipment, net 150   150   149
Operating lease right-of-use assets 25   25   28
Other noncurrent assets 141   141   140
Deferred income taxes 13   13   13
Total assets 420   420   403
Current liabilities 119   119   144
Long-term debt 21   21   26
Noncurrent operating lease liabilities 16   16   19
Other noncurrent liabilities 24   24   25
Total liabilities 180   180   $ 214
Revenues 0 0 0 0  
Income from continuing operations before income taxes 15 8 30 13  
Net cash provided by operating activities $ 23 $ 27 $ 48 $ 35  
[1] At June 30, 2023 and December 31, 2022, respectively, $27 and $5 of cash and cash equivalents, $7 and $4 of accounts and notes receivable (net), $57 and $59 of inventories, $150 and $149 of property, plant and equipment (net), $30 and $29 of other noncurrent assets, $85 and $114 of accounts payable, $15 and $12 of accrued liabilities, $10 and $9 of current portion of debt, $9 each of current operating lease liabilities, $21 and $26 of long-term debt, $16 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.