Annual report pursuant to Section 13 and 15(d)

Note 8 - Variable Interest Entities - Schedule of Financial Information of Variable Interest Entities (Details)

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Note 8 - Variable Interest Entities - Schedule of Financial Information of Variable Interest Entities (Details) - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Current assets $ 2,125 $ 2,314  
Property, plant and equipment, net [1],[2] 2,493 2,376  
Operating lease right-of-use assets 382 366  
Deferred income taxes 69 112  
Total assets 7,114 7,248  
Current liabilities 1,565 1,172  
Long-term debt [1] 1,510 1,676  
Noncurrent operating lease liabilities [1] 348 334  
Other noncurrent liabilities [1] 324 345  
Deferred income taxes 204 243  
Total liabilities 3,951 3,770  
Income from continuing operations before income taxes (39) 99 $ 697
Net cash provided by operating activities 263 209 914
Variable Interest Entity, Primary Beneficiary [Member]      
Current assets 89 67  
Property, plant and equipment, net 124 150  
Operating lease right-of-use assets 21 29  
Other noncurrent assets 133 125  
Deferred income taxes 10 13  
Total assets 377 384  
Current liabilities 147 121  
Long-term debt 7 17  
Noncurrent operating lease liabilities 15 21  
Other noncurrent liabilities 16 15  
Deferred income taxes 2 1  
Total liabilities 187 175  
Income from continuing operations before income taxes 67 60 36
Net cash provided by operating activities $ 87 $ 78 $ 81
[1] At December 31, 2024 and December 31, 2023, respectively, $6 and $2 of cash and cash equivalents, $19 and $16 of accounts and notes receivable (net), $57 and $48 of inventories, $124 and $150 of property, plant and equipment (net), $37 and $32 of other noncurrent assets, $111 and $84 of accounts payable, $21 and $20 of accrued liabilities, $9 each of current portion of debt, $6 and $8 of current operating lease liabilities, $7 and $17 of long-term debt, $15 and $21 of noncurrent operating lease and $16 and $15 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.
[2] Long-lived assets consist of property, plant and equipment, net.