v3.26.1
Segment and Geographic Information (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule Of Financial Performance By Reportable Segment
The following tables present our financial performance by reportable segment for the periods indicated (in millions):

North AmericaEuropeSpecialtyEliminationsConsolidated
Three Months Ended March 31, 2026
Revenue:
Third Party$1,440 $1,621 $408 $— $3,469 
Intersegment— — 1 (1)— 
Total segment revenue$1,440 $1,621 $409 $(1)$3,469 
Less: (1)
Cost of goods sold828 1,001 310 
Selling, general and administrative expenses410 500 84 
Other segment items (2)
(1)(6)(3)
Segment EBITDA$203 $126 $18 $— $347 
Total depreciation and amortization (3)
$45 $46 $8 $— $99 
Three Months Ended March 31, 2025
Revenue:
Third Party$1,412 $1,522 $393 $— $3,327 
Intersegment— — 1 (1)— 
Total segment revenue$1,412 $1,522 $394 $(1)$3,327 
Less: (1)
Cost of goods sold785 931 299 
Selling, general and administrative expenses414 459 76 
Other segment items (2)
(4)(9)(2)
Segment EBITDA$217 $141 $21 $— $379 
Total depreciation and amortization (3)
$49 $39 $8 $— $96 
(1)    The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker ("CODM"). Intersegment expenses are included within the amounts shown.
(2)    Amounts primarily represent other non operating income and expenses within each segment, as well as a reconciling item to remove depreciation - cost of goods sold, which is excluded from the calculation of Segment EBITDA.
(3)    Amounts presented include depreciation and amortization expense recorded within Cost of goods sold and Restructuring and transaction related expenses.
Reconciliation Of Net Income to Segment EBITDA
The table below provides a reconciliation of Net Income to Segment EBITDA (in millions):

Three Months Ended March 31,
20262025
Net income$79 $169 
Less: net income from discontinued operations2 11 
Income from continuing operations77 158 
Adjustments:
Depreciation and amortization99 96 
Interest expense, net of interest income48 52 
Provision for income taxes44 61 
Equity in losses of unconsolidated subsidiaries (1)
46 1 
Equity investment fair value adjustments— (1)
Restructuring and transaction related expenses (2)
33 11 
Direct impacts of Ukraine/Russia conflict (3)
— 1 
Segment EBITDA$347 $379 
(1)    See Note 5, "Equity Method Investments" for further information.
(2)    See Note 7, "Restructuring and Transaction Related Expenses" for further information.
(3)    Adjustments include provisions for and subsequent adjustments to reserves for asset recoverability (primarily receivables and inventory).
Schedule Of Capital Expenditures By Reportable Segment
The following table presents capital expenditures by reportable segment (in millions):

Three Months Ended March 31,
20262025
Capital Expenditures
North America
$12 $22 
Europe26 27 
Specialty2 3 
Total capital expenditures$40 $52 
Schedule Of Assets By Reportable Segment
The following table presents assets by reportable segment (in millions):
March 31, 2026December 31, 2025
Receivables, net of allowance for credit losses
North America
$534 $495 
Europe722 552 
Specialty200 157 
Total receivables, net of allowance for credit losses1,456 1,204 
Inventories
North America
1,473 1,479 
Europe1,407 1,496 
Specialty474 451 
Total inventories3,354 3,426 
Property, plant and equipment, net
North America
638 651 
Europe666 695 
Specialty102 106 
Total property, plant and equipment, net1,406 1,452 
Operating lease assets, net
North America
644 641 
Europe535 544 
Specialty142 147 
Total operating lease assets, net1,321 1,332 
Other unallocated assets7,602 7,723 
Total assets$15,139 $15,137 
Schedule Of Tangible Long-Lived Assets By Geographic Area The following table sets forth our tangible long-lived assets by geographic area (in millions):
March 31, 2026December 31, 2025
Long-lived assets
United States$1,301 $1,313 
Germany354 369 
United Kingdom310 321 
Other countries762 781 
Total long-lived assets$2,727 $2,784