Quarterly report pursuant to Section 13 or 15(d)

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

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Note 6 - Variable Interest Entities - Schedule of Financial Information of Variable Interest Entities (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Current assets $ 2,443   $ 2,314
Property, plant and equipment, net [1] 2,571   2,376
Operating lease right-of-use assets 411   366
Deferred income taxes 109   112
Total assets 7,572   7,248
Current liabilities 1,579   1,172
Long-term debt [1] 1,660   1,676
Noncurrent operating lease liabilities [1] 378   334
Other noncurrent liabilities [1] 336   345
Deferred income taxes 225   243
Total liabilities 4,178   3,770
Income from continuing operations before income taxes (36) $ 55  
Net cash provided by operating activities (65) (154)  
Variable Interest Entity, Primary Beneficiary [Member]      
Current assets 85   67
Property, plant and equipment, net 151   150
Operating lease right-of-use assets 26   29
Other noncurrent assets 126   125
Deferred income taxes 13   13
Total assets 401   384
Current liabilities 126   121
Long-term debt 15   17
Noncurrent operating lease liabilities 19   21
Other noncurrent liabilities 16   15
Deferred income taxes 1   1
Total liabilities 177   $ 175
Income from continuing operations before income taxes 18 15  
Net cash provided by operating activities $ 19 $ 25  
[1] At March 31, 2024 and December 31, 2023, respectively, $15 and $2 of cash and cash equivalents, $18 and $16 of accounts and notes receivable (net), $52 and $48 of inventories, $151 and $150 of property, plant and equipment (net), $33 and $32 of other noncurrent assets, $89 and $84 of accounts payable, $21 and $20 of accrued liabilities, $9 each of current portion of debt, $7 and $8 of current operating lease liabilities, $15 and $17 of long-term debt, $19 and $21 of noncurrent operating lease liabilities and $16 and $15 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.