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 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Current assets $ 2,254   $ 2,254   $ 2,314
Property, plant and equipment, net [1] 2,549   2,549   2,376
Operating lease right-of-use assets 402   402   366
Deferred income taxes 109   109   112
Total assets 7,317   7,317   7,248
Current liabilities 1,729   1,729   1,172
Long-term debt [1] 1,344   1,344   1,676
Noncurrent operating lease liabilities [1] 368   368   334
Other noncurrent liabilities [1] 319   319   345
Deferred income taxes 221   221   243
Total liabilities 3,981   3,981   3,770
Income from continuing operations before income taxes 44 $ 61 8 $ 116  
Net cash provided by operating activities     (19) (118)  
Variable Interest Entity, Primary Beneficiary [Member]          
Current assets 98   98   67
Property, plant and equipment, net 151   151   150
Operating lease right-of-use assets 24   24   29
Other noncurrent assets 130   130   125
Deferred income taxes 13   13   13
Total assets 416   416   384
Current liabilities 136   136   121
Long-term debt 12   12   17
Noncurrent operating lease liabilities 18   18   21
Other noncurrent liabilities 16   16   15
Deferred income taxes 1   1   1
Total liabilities 183   183   $ 175
Income from continuing operations before income taxes 17 15 35 30  
Net cash provided by operating activities $ 22 $ 23 $ 41 $ 48  
[1] At June 30, 2024 and December 31, 2023, respectively, $11 and $2 of cash and cash equivalents, $20 and $16 of accounts and notes receivable (net), $58 and $48 of inventories, $151 and $150 of property, plant and equipment (net), $32 each of other noncurrent assets, $103 and $84 of accounts payable, $18 and $20 of accrued liabilities, $9 each of current portion of debt, $6 and $8 of current operating lease liabilities, $12 and $17 of long-term debt, $18 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.