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The discount rate for obligations for 2024, 2023 and 2022 is based primarily upon the expected duration of each defined-benefit pension plan's liabilities matched to spot rates along a high-quality corporate bond yield curve for the geography of the individual plans. At December 31, 2024, such rates for our defined-benefit pension plans ranged from 2.1 percent to 5.4 percent, with the most significant portion of the liabilities having a discount rate for obligations of 3.4 percent or higher. At December 31, 2023, such rates for our defined-benefit pension plans ranged from 1.9 percent to 5.0 percent, with the most significant portion of the liabilities having a discount rate for obligations of 3.2 percent or higher. At December 31, 2022, such rates for our defined‑benefit pension plans ranged from 0.8 percent to 5.3 percent, with the most significant portion of the liabilities having a discount rate for obligations of 3.7 percent or higher. The increase in the weighted average discount rate from 2023 to 2024 is principally due to higher long-term interest rates in the bond markets. The decrease in the weighted average discount rate from 2022 to 2023 is principally due to lower long-term interest rates in the bond markets. | text | 5.4 | percentItemType | text: <entity> 5.4 </entity> <entity type> percentItemType </entity type> <context> The discount rate for obligations for 2024, 2023 and 2022 is based primarily upon the expected duration of each defined-benefit pension plan's liabilities matched to spot rates along a high-quality corporate bond yield curve for the geography of the individual plans. At December 31, 2024, such rates for our defined-benefit pension plans ranged from 2.1 percent to 5.4 percent, with the most significant portion of the liabilities having a discount rate for obligations of 3.4 percent or higher. At December 31, 2023, such rates for our defined-benefit pension plans ranged from 1.9 percent to 5.0 percent, with the most significant portion of the liabilities having a discount rate for obligations of 3.2 percent or higher. At December 31, 2022, such rates for our defined‑benefit pension plans ranged from 0.8 percent to 5.3 percent, with the most significant portion of the liabilities having a discount rate for obligations of 3.7 percent or higher. The increase in the weighted average discount rate from 2023 to 2024 is principally due to higher long-term interest rates in the bond markets. The decrease in the weighted average discount rate from 2022 to 2023 is principally due to lower long-term interest rates in the bond markets. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
The discount rate for obligations for 2024, 2023 and 2022 is based primarily upon the expected duration of each defined-benefit pension plan's liabilities matched to spot rates along a high-quality corporate bond yield curve for the geography of the individual plans. At December 31, 2024, such rates for our defined-benefit pension plans ranged from 2.1 percent to 5.4 percent, with the most significant portion of the liabilities having a discount rate for obligations of 3.4 percent or higher. At December 31, 2023, such rates for our defined-benefit pension plans ranged from 1.9 percent to 5.0 percent, with the most significant portion of the liabilities having a discount rate for obligations of 3.2 percent or higher. At December 31, 2022, such rates for our defined‑benefit pension plans ranged from 0.8 percent to 5.3 percent, with the most significant portion of the liabilities having a discount rate for obligations of 3.7 percent or higher. The increase in the weighted average discount rate from 2023 to 2024 is principally due to higher long-term interest rates in the bond markets. The decrease in the weighted average discount rate from 2022 to 2023 is principally due to lower long-term interest rates in the bond markets. | text | 1.9 | percentItemType | text: <entity> 1.9 </entity> <entity type> percentItemType </entity type> <context> The discount rate for obligations for 2024, 2023 and 2022 is based primarily upon the expected duration of each defined-benefit pension plan's liabilities matched to spot rates along a high-quality corporate bond yield curve for the geography of the individual plans. At December 31, 2024, such rates for our defined-benefit pension plans ranged from 2.1 percent to 5.4 percent, with the most significant portion of the liabilities having a discount rate for obligations of 3.4 percent or higher. At December 31, 2023, such rates for our defined-benefit pension plans ranged from 1.9 percent to 5.0 percent, with the most significant portion of the liabilities having a discount rate for obligations of 3.2 percent or higher. At December 31, 2022, such rates for our defined‑benefit pension plans ranged from 0.8 percent to 5.3 percent, with the most significant portion of the liabilities having a discount rate for obligations of 3.7 percent or higher. The increase in the weighted average discount rate from 2023 to 2024 is principally due to higher long-term interest rates in the bond markets. The decrease in the weighted average discount rate from 2022 to 2023 is principally due to lower long-term interest rates in the bond markets. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
The discount rate for obligations for 2024, 2023 and 2022 is based primarily upon the expected duration of each defined-benefit pension plan's liabilities matched to spot rates along a high-quality corporate bond yield curve for the geography of the individual plans. At December 31, 2024, such rates for our defined-benefit pension plans ranged from 2.1 percent to 5.4 percent, with the most significant portion of the liabilities having a discount rate for obligations of 3.4 percent or higher. At December 31, 2023, such rates for our defined-benefit pension plans ranged from 1.9 percent to 5.0 percent, with the most significant portion of the liabilities having a discount rate for obligations of 3.2 percent or higher. At December 31, 2022, such rates for our defined‑benefit pension plans ranged from 0.8 percent to 5.3 percent, with the most significant portion of the liabilities having a discount rate for obligations of 3.7 percent or higher. The increase in the weighted average discount rate from 2023 to 2024 is principally due to higher long-term interest rates in the bond markets. The decrease in the weighted average discount rate from 2022 to 2023 is principally due to lower long-term interest rates in the bond markets. | text | 5.0 | percentItemType | text: <entity> 5.0 </entity> <entity type> percentItemType </entity type> <context> The discount rate for obligations for 2024, 2023 and 2022 is based primarily upon the expected duration of each defined-benefit pension plan's liabilities matched to spot rates along a high-quality corporate bond yield curve for the geography of the individual plans. At December 31, 2024, such rates for our defined-benefit pension plans ranged from 2.1 percent to 5.4 percent, with the most significant portion of the liabilities having a discount rate for obligations of 3.4 percent or higher. At December 31, 2023, such rates for our defined-benefit pension plans ranged from 1.9 percent to 5.0 percent, with the most significant portion of the liabilities having a discount rate for obligations of 3.2 percent or higher. At December 31, 2022, such rates for our defined‑benefit pension plans ranged from 0.8 percent to 5.3 percent, with the most significant portion of the liabilities having a discount rate for obligations of 3.7 percent or higher. The increase in the weighted average discount rate from 2023 to 2024 is principally due to higher long-term interest rates in the bond markets. The decrease in the weighted average discount rate from 2022 to 2023 is principally due to lower long-term interest rates in the bond markets. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
The discount rate for obligations for 2024, 2023 and 2022 is based primarily upon the expected duration of each defined-benefit pension plan's liabilities matched to spot rates along a high-quality corporate bond yield curve for the geography of the individual plans. At December 31, 2024, such rates for our defined-benefit pension plans ranged from 2.1 percent to 5.4 percent, with the most significant portion of the liabilities having a discount rate for obligations of 3.4 percent or higher. At December 31, 2023, such rates for our defined-benefit pension plans ranged from 1.9 percent to 5.0 percent, with the most significant portion of the liabilities having a discount rate for obligations of 3.2 percent or higher. At December 31, 2022, such rates for our defined‑benefit pension plans ranged from 0.8 percent to 5.3 percent, with the most significant portion of the liabilities having a discount rate for obligations of 3.7 percent or higher. The increase in the weighted average discount rate from 2023 to 2024 is principally due to higher long-term interest rates in the bond markets. The decrease in the weighted average discount rate from 2022 to 2023 is principally due to lower long-term interest rates in the bond markets. | text | 0.8 | percentItemType | text: <entity> 0.8 </entity> <entity type> percentItemType </entity type> <context> The discount rate for obligations for 2024, 2023 and 2022 is based primarily upon the expected duration of each defined-benefit pension plan's liabilities matched to spot rates along a high-quality corporate bond yield curve for the geography of the individual plans. At December 31, 2024, such rates for our defined-benefit pension plans ranged from 2.1 percent to 5.4 percent, with the most significant portion of the liabilities having a discount rate for obligations of 3.4 percent or higher. At December 31, 2023, such rates for our defined-benefit pension plans ranged from 1.9 percent to 5.0 percent, with the most significant portion of the liabilities having a discount rate for obligations of 3.2 percent or higher. At December 31, 2022, such rates for our defined‑benefit pension plans ranged from 0.8 percent to 5.3 percent, with the most significant portion of the liabilities having a discount rate for obligations of 3.7 percent or higher. The increase in the weighted average discount rate from 2023 to 2024 is principally due to higher long-term interest rates in the bond markets. The decrease in the weighted average discount rate from 2022 to 2023 is principally due to lower long-term interest rates in the bond markets. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
The discount rate for obligations for 2024, 2023 and 2022 is based primarily upon the expected duration of each defined-benefit pension plan's liabilities matched to spot rates along a high-quality corporate bond yield curve for the geography of the individual plans. At December 31, 2024, such rates for our defined-benefit pension plans ranged from 2.1 percent to 5.4 percent, with the most significant portion of the liabilities having a discount rate for obligations of 3.4 percent or higher. At December 31, 2023, such rates for our defined-benefit pension plans ranged from 1.9 percent to 5.0 percent, with the most significant portion of the liabilities having a discount rate for obligations of 3.2 percent or higher. At December 31, 2022, such rates for our defined‑benefit pension plans ranged from 0.8 percent to 5.3 percent, with the most significant portion of the liabilities having a discount rate for obligations of 3.7 percent or higher. The increase in the weighted average discount rate from 2023 to 2024 is principally due to higher long-term interest rates in the bond markets. The decrease in the weighted average discount rate from 2022 to 2023 is principally due to lower long-term interest rates in the bond markets. | text | 5.3 | percentItemType | text: <entity> 5.3 </entity> <entity type> percentItemType </entity type> <context> The discount rate for obligations for 2024, 2023 and 2022 is based primarily upon the expected duration of each defined-benefit pension plan's liabilities matched to spot rates along a high-quality corporate bond yield curve for the geography of the individual plans. At December 31, 2024, such rates for our defined-benefit pension plans ranged from 2.1 percent to 5.4 percent, with the most significant portion of the liabilities having a discount rate for obligations of 3.4 percent or higher. At December 31, 2023, such rates for our defined-benefit pension plans ranged from 1.9 percent to 5.0 percent, with the most significant portion of the liabilities having a discount rate for obligations of 3.2 percent or higher. At December 31, 2022, such rates for our defined‑benefit pension plans ranged from 0.8 percent to 5.3 percent, with the most significant portion of the liabilities having a discount rate for obligations of 3.7 percent or higher. The increase in the weighted average discount rate from 2023 to 2024 is principally due to higher long-term interest rates in the bond markets. The decrease in the weighted average discount rate from 2022 to 2023 is principally due to lower long-term interest rates in the bond markets. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingBenefitObligationDiscountRate |
At December 31, 2024, we expect to contribute approximately $ 11 million in 2025 to our non-qualified (domestic) defined-benefit pension plans. | text | 11 | monetaryItemType | text: <entity> 11 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, we expect to contribute approximately $ 11 million in 2025 to our non-qualified (domestic) defined-benefit pension plans. </context> | us-gaap:DefinedBenefitPlanExpectedFutureBenefitPaymentsNextTwelveMonths |
Effective October 20, 2022, our Board of Directors authorized the repurchase, for retirement, of up to $ 2.0 billion of shares of our common stock, exclusive of excise tax, in open-market transactions or otherwise. During 2024, we repurchased and retired 10.0 million shares of our common stock (including 0.5 million shares to offset the dilutive impact of restricted stock units granted in 2024) for $ 757 million, inclusive of excise tax of $ 6 million. At December 31, 2024, we had $ 896 million remaining under the 2022 authorization. | text | 10.0 | sharesItemType | text: <entity> 10.0 </entity> <entity type> sharesItemType </entity type> <context> Effective October 20, 2022, our Board of Directors authorized the repurchase, for retirement, of up to $ 2.0 billion of shares of our common stock, exclusive of excise tax, in open-market transactions or otherwise. During 2024, we repurchased and retired 10.0 million shares of our common stock (including 0.5 million shares to offset the dilutive impact of restricted stock units granted in 2024) for $ 757 million, inclusive of excise tax of $ 6 million. At December 31, 2024, we had $ 896 million remaining under the 2022 authorization. </context> | us-gaap:StockRepurchasedAndRetiredDuringPeriodShares |
Effective October 20, 2022, our Board of Directors authorized the repurchase, for retirement, of up to $ 2.0 billion of shares of our common stock, exclusive of excise tax, in open-market transactions or otherwise. During 2024, we repurchased and retired 10.0 million shares of our common stock (including 0.5 million shares to offset the dilutive impact of restricted stock units granted in 2024) for $ 757 million, inclusive of excise tax of $ 6 million. At December 31, 2024, we had $ 896 million remaining under the 2022 authorization. | text | 896 | monetaryItemType | text: <entity> 896 </entity> <entity type> monetaryItemType </entity type> <context> Effective October 20, 2022, our Board of Directors authorized the repurchase, for retirement, of up to $ 2.0 billion of shares of our common stock, exclusive of excise tax, in open-market transactions or otherwise. During 2024, we repurchased and retired 10.0 million shares of our common stock (including 0.5 million shares to offset the dilutive impact of restricted stock units granted in 2024) for $ 757 million, inclusive of excise tax of $ 6 million. At December 31, 2024, we had $ 896 million remaining under the 2022 authorization. </context> | us-gaap:StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1 |
During 2023, we repurchased and retired 6.2 million shares of our common stock (including 0.2 million shares to offset the dilutive impact of restricted stock units granted in 2023) for $ 356 million, inclusive of excise tax of $ 3 million. | text | 6.2 | sharesItemType | text: <entity> 6.2 </entity> <entity type> sharesItemType </entity type> <context> During 2023, we repurchased and retired 6.2 million shares of our common stock (including 0.2 million shares to offset the dilutive impact of restricted stock units granted in 2023) for $ 356 million, inclusive of excise tax of $ 3 million. </context> | us-gaap:StockRepurchasedAndRetiredDuringPeriodShares |
During 2022, we repurchased and retired 16.6 million shares of our common stock (including 0.6 million shares to offset the dilutive impact of restricted stock units granted in 2022) for $ 914 million. | text | 16.6 | sharesItemType | text: <entity> 16.6 </entity> <entity type> sharesItemType </entity type> <context> During 2022, we repurchased and retired 16.6 million shares of our common stock (including 0.6 million shares to offset the dilutive impact of restricted stock units granted in 2022) for $ 914 million. </context> | us-gaap:StockRepurchasedAndRetiredDuringPeriodShares |
During 2022, we repurchased and retired 16.6 million shares of our common stock (including 0.6 million shares to offset the dilutive impact of restricted stock units granted in 2022) for $ 914 million. | text | 914 | monetaryItemType | text: <entity> 914 </entity> <entity type> monetaryItemType </entity type> <context> During 2022, we repurchased and retired 16.6 million shares of our common stock (including 0.6 million shares to offset the dilutive impact of restricted stock units granted in 2022) for $ 914 million. </context> | us-gaap:PaymentsForRepurchaseOfCommonStock |
Included in net sales were sales to one customer of $ 3,010 million, $ 3,070 million and $ 3,298 million in 2024, 2023 and 2022, respectively. Such net sales were included in each of our segments. | text | 3010 | monetaryItemType | text: <entity> 3010 </entity> <entity type> monetaryItemType </entity type> <context> Included in net sales were sales to one customer of $ 3,010 million, $ 3,070 million and $ 3,298 million in 2024, 2023 and 2022, respectively. Such net sales were included in each of our segments. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
Included in net sales were sales to one customer of $ 3,010 million, $ 3,070 million and $ 3,298 million in 2024, 2023 and 2022, respectively. Such net sales were included in each of our segments. | text | 3070 | monetaryItemType | text: <entity> 3070 </entity> <entity type> monetaryItemType </entity type> <context> Included in net sales were sales to one customer of $ 3,010 million, $ 3,070 million and $ 3,298 million in 2024, 2023 and 2022, respectively. Such net sales were included in each of our segments. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
Included in net sales were sales to one customer of $ 3,010 million, $ 3,070 million and $ 3,298 million in 2024, 2023 and 2022, respectively. Such net sales were included in each of our segments. | text | 3298 | monetaryItemType | text: <entity> 3298 </entity> <entity type> monetaryItemType </entity type> <context> Included in net sales were sales to one customer of $ 3,010 million, $ 3,070 million and $ 3,298 million in 2024, 2023 and 2022, respectively. Such net sales were included in each of our segments. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
Net sales from our operations in the U.S. were $ 5,996 million, $ 6,140 million and $ 6,756 million in 2024, 2023 and 2022, respectively. | text | 5996 | monetaryItemType | text: <entity> 5996 </entity> <entity type> monetaryItemType </entity type> <context> Net sales from our operations in the U.S. were $ 5,996 million, $ 6,140 million and $ 6,756 million in 2024, 2023 and 2022, respectively. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
Net sales from our operations in the U.S. were $ 5,996 million, $ 6,140 million and $ 6,756 million in 2024, 2023 and 2022, respectively. | text | 6140 | monetaryItemType | text: <entity> 6140 </entity> <entity type> monetaryItemType </entity type> <context> Net sales from our operations in the U.S. were $ 5,996 million, $ 6,140 million and $ 6,756 million in 2024, 2023 and 2022, respectively. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
Net sales from our operations in the U.S. were $ 5,996 million, $ 6,140 million and $ 6,756 million in 2024, 2023 and 2022, respectively. | text | 6756 | monetaryItemType | text: <entity> 6756 </entity> <entity type> monetaryItemType </entity type> <context> Net sales from our operations in the U.S. were $ 5,996 million, $ 6,140 million and $ 6,756 million in 2024, 2023 and 2022, respectively. </context> | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax |
Long-lived assets of our operations in the U.S. and Europe were $ 1,323 million and $ 638 million, $ 1,459 million and $ 677 million, and $ 1,372 million and $ 548 million at December 31, 2024, 2023 and 2022, respectively. | text | 1323 | monetaryItemType | text: <entity> 1323 </entity> <entity type> monetaryItemType </entity type> <context> Long-lived assets of our operations in the U.S. and Europe were $ 1,323 million and $ 638 million, $ 1,459 million and $ 677 million, and $ 1,372 million and $ 548 million at December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:NoncurrentAssets |
Long-lived assets of our operations in the U.S. and Europe were $ 1,323 million and $ 638 million, $ 1,459 million and $ 677 million, and $ 1,372 million and $ 548 million at December 31, 2024, 2023 and 2022, respectively. | text | 638 | monetaryItemType | text: <entity> 638 </entity> <entity type> monetaryItemType </entity type> <context> Long-lived assets of our operations in the U.S. and Europe were $ 1,323 million and $ 638 million, $ 1,459 million and $ 677 million, and $ 1,372 million and $ 548 million at December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:NoncurrentAssets |
Long-lived assets of our operations in the U.S. and Europe were $ 1,323 million and $ 638 million, $ 1,459 million and $ 677 million, and $ 1,372 million and $ 548 million at December 31, 2024, 2023 and 2022, respectively. | text | 1459 | monetaryItemType | text: <entity> 1459 </entity> <entity type> monetaryItemType </entity type> <context> Long-lived assets of our operations in the U.S. and Europe were $ 1,323 million and $ 638 million, $ 1,459 million and $ 677 million, and $ 1,372 million and $ 548 million at December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:NoncurrentAssets |
Long-lived assets of our operations in the U.S. and Europe were $ 1,323 million and $ 638 million, $ 1,459 million and $ 677 million, and $ 1,372 million and $ 548 million at December 31, 2024, 2023 and 2022, respectively. | text | 677 | monetaryItemType | text: <entity> 677 </entity> <entity type> monetaryItemType </entity type> <context> Long-lived assets of our operations in the U.S. and Europe were $ 1,323 million and $ 638 million, $ 1,459 million and $ 677 million, and $ 1,372 million and $ 548 million at December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:NoncurrentAssets |
Long-lived assets of our operations in the U.S. and Europe were $ 1,323 million and $ 638 million, $ 1,459 million and $ 677 million, and $ 1,372 million and $ 548 million at December 31, 2024, 2023 and 2022, respectively. | text | 1372 | monetaryItemType | text: <entity> 1372 </entity> <entity type> monetaryItemType </entity type> <context> Long-lived assets of our operations in the U.S. and Europe were $ 1,323 million and $ 638 million, $ 1,459 million and $ 677 million, and $ 1,372 million and $ 548 million at December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:NoncurrentAssets |
Long-lived assets of our operations in the U.S. and Europe were $ 1,323 million and $ 638 million, $ 1,459 million and $ 677 million, and $ 1,372 million and $ 548 million at December 31, 2024, 2023 and 2022, respectively. | text | 548 | monetaryItemType | text: <entity> 548 </entity> <entity type> monetaryItemType </entity type> <context> Long-lived assets of our operations in the U.S. and Europe were $ 1,323 million and $ 638 million, $ 1,459 million and $ 677 million, and $ 1,372 million and $ 548 million at December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:NoncurrentAssets |
The net deferred tax asset consisted of net deferred tax assets (included in other assets) of $ 62 million and $ 88 million, and net deferred tax liabilities (included in other liabilities) of $ 38 million and $ 32 million, at December 31, 2024 and 2023, respectively. | text | 62 | monetaryItemType | text: <entity> 62 </entity> <entity type> monetaryItemType </entity type> <context> The net deferred tax asset consisted of net deferred tax assets (included in other assets) of $ 62 million and $ 88 million, and net deferred tax liabilities (included in other liabilities) of $ 38 million and $ 32 million, at December 31, 2024 and 2023, respectively. </context> | us-gaap:DeferredTaxAssetsLiabilitiesNet |
The net deferred tax asset consisted of net deferred tax assets (included in other assets) of $ 62 million and $ 88 million, and net deferred tax liabilities (included in other liabilities) of $ 38 million and $ 32 million, at December 31, 2024 and 2023, respectively. | text | 88 | monetaryItemType | text: <entity> 88 </entity> <entity type> monetaryItemType </entity type> <context> The net deferred tax asset consisted of net deferred tax assets (included in other assets) of $ 62 million and $ 88 million, and net deferred tax liabilities (included in other liabilities) of $ 38 million and $ 32 million, at December 31, 2024 and 2023, respectively. </context> | us-gaap:DeferredTaxAssetsLiabilitiesNet |
The net deferred tax asset consisted of net deferred tax assets (included in other assets) of $ 62 million and $ 88 million, and net deferred tax liabilities (included in other liabilities) of $ 38 million and $ 32 million, at December 31, 2024 and 2023, respectively. | text | 38 | monetaryItemType | text: <entity> 38 </entity> <entity type> monetaryItemType </entity type> <context> The net deferred tax asset consisted of net deferred tax assets (included in other assets) of $ 62 million and $ 88 million, and net deferred tax liabilities (included in other liabilities) of $ 38 million and $ 32 million, at December 31, 2024 and 2023, respectively. </context> | us-gaap:DeferredTaxLiabilities |
The net deferred tax asset consisted of net deferred tax assets (included in other assets) of $ 62 million and $ 88 million, and net deferred tax liabilities (included in other liabilities) of $ 38 million and $ 32 million, at December 31, 2024 and 2023, respectively. | text | 32 | monetaryItemType | text: <entity> 32 </entity> <entity type> monetaryItemType </entity type> <context> The net deferred tax asset consisted of net deferred tax assets (included in other assets) of $ 62 million and $ 88 million, and net deferred tax liabilities (included in other liabilities) of $ 38 million and $ 32 million, at December 31, 2024 and 2023, respectively. </context> | us-gaap:DeferredTaxLiabilities |
In the fourth quarter of 2023, we recognized a $ 29 million state income tax benefit, net of federal expense, due to a legal restructuring of certain U.S. businesses that occurred in early 2024 which allowed for the utilization of certain loss carryforwards that were not previously recognized. | text | 29 | monetaryItemType | text: <entity> 29 </entity> <entity type> monetaryItemType </entity type> <context> In the fourth quarter of 2023, we recognized a $ 29 million state income tax benefit, net of federal expense, due to a legal restructuring of certain U.S. businesses that occurred in early 2024 which allowed for the utilization of certain loss carryforwards that were not previously recognized. </context> | us-gaap:CurrentStateAndLocalTaxExpenseBenefit |
We continue to maintain a valuation allowance of $ 27 million and $ 33 million on certain state and foreign deferred tax assets as of December 31, 2024 and 2023, respectively, due primarily to cumulative loss positions in those jurisdictions. | text | 27 | monetaryItemType | text: <entity> 27 </entity> <entity type> monetaryItemType </entity type> <context> We continue to maintain a valuation allowance of $ 27 million and $ 33 million on certain state and foreign deferred tax assets as of December 31, 2024 and 2023, respectively, due primarily to cumulative loss positions in those jurisdictions. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
We continue to maintain a valuation allowance of $ 27 million and $ 33 million on certain state and foreign deferred tax assets as of December 31, 2024 and 2023, respectively, due primarily to cumulative loss positions in those jurisdictions. | text | 33 | monetaryItemType | text: <entity> 33 </entity> <entity type> monetaryItemType </entity type> <context> We continue to maintain a valuation allowance of $ 27 million and $ 33 million on certain state and foreign deferred tax assets as of December 31, 2024 and 2023, respectively, due primarily to cumulative loss positions in those jurisdictions. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
Income taxes paid were $ 260 million, $ 328 million and $ 281 million in 2024, 2023 and 2022, respectively. | text | 260 | monetaryItemType | text: <entity> 260 </entity> <entity type> monetaryItemType </entity type> <context> Income taxes paid were $ 260 million, $ 328 million and $ 281 million in 2024, 2023 and 2022, respectively. </context> | us-gaap:IncomeTaxesPaid |
Income taxes paid were $ 260 million, $ 328 million and $ 281 million in 2024, 2023 and 2022, respectively. | text | 328 | monetaryItemType | text: <entity> 328 </entity> <entity type> monetaryItemType </entity type> <context> Income taxes paid were $ 260 million, $ 328 million and $ 281 million in 2024, 2023 and 2022, respectively. </context> | us-gaap:IncomeTaxesPaid |
Income taxes paid were $ 260 million, $ 328 million and $ 281 million in 2024, 2023 and 2022, respectively. | text | 281 | monetaryItemType | text: <entity> 281 </entity> <entity type> monetaryItemType </entity type> <context> Income taxes paid were $ 260 million, $ 328 million and $ 281 million in 2024, 2023 and 2022, respectively. </context> | us-gaap:IncomeTaxesPaid |
If recognized, $ 67 million and $ 66 million of the liability for uncertain tax positions at December 31, 2024 and 2023, respectively, net of any U.S. Federal tax benefit, would impact our effective tax rate. | text | 67 | monetaryItemType | text: <entity> 67 </entity> <entity type> monetaryItemType </entity type> <context> If recognized, $ 67 million and $ 66 million of the liability for uncertain tax positions at December 31, 2024 and 2023, respectively, net of any U.S. Federal tax benefit, would impact our effective tax rate. </context> | us-gaap:UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate |
If recognized, $ 67 million and $ 66 million of the liability for uncertain tax positions at December 31, 2024 and 2023, respectively, net of any U.S. Federal tax benefit, would impact our effective tax rate. | text | 66 | monetaryItemType | text: <entity> 66 </entity> <entity type> monetaryItemType </entity type> <context> If recognized, $ 67 million and $ 66 million of the liability for uncertain tax positions at December 31, 2024 and 2023, respectively, net of any U.S. Federal tax benefit, would impact our effective tax rate. </context> | us-gaap:UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate |
Of the $ 101 million and $ 97 million total liability for uncertain tax positions (including related interest and penalties) at December 31, 2024 and 2023, respectively, $ 97 million and $ 93 million are recorded in other liabilities, respectively, and $ 4 million and $ 4 million are recorded as a net offset to other assets, respectively. | text | 101 | monetaryItemType | text: <entity> 101 </entity> <entity type> monetaryItemType </entity type> <context> Of the $ 101 million and $ 97 million total liability for uncertain tax positions (including related interest and penalties) at December 31, 2024 and 2023, respectively, $ 97 million and $ 93 million are recorded in other liabilities, respectively, and $ 4 million and $ 4 million are recorded as a net offset to other assets, respectively. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued |
Of the $ 101 million and $ 97 million total liability for uncertain tax positions (including related interest and penalties) at December 31, 2024 and 2023, respectively, $ 97 million and $ 93 million are recorded in other liabilities, respectively, and $ 4 million and $ 4 million are recorded as a net offset to other assets, respectively. | text | 97 | monetaryItemType | text: <entity> 97 </entity> <entity type> monetaryItemType </entity type> <context> Of the $ 101 million and $ 97 million total liability for uncertain tax positions (including related interest and penalties) at December 31, 2024 and 2023, respectively, $ 97 million and $ 93 million are recorded in other liabilities, respectively, and $ 4 million and $ 4 million are recorded as a net offset to other assets, respectively. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued |
Of the $ 101 million and $ 97 million total liability for uncertain tax positions (including related interest and penalties) at December 31, 2024 and 2023, respectively, $ 97 million and $ 93 million are recorded in other liabilities, respectively, and $ 4 million and $ 4 million are recorded as a net offset to other assets, respectively. | text | 93 | monetaryItemType | text: <entity> 93 </entity> <entity type> monetaryItemType </entity type> <context> Of the $ 101 million and $ 97 million total liability for uncertain tax positions (including related interest and penalties) at December 31, 2024 and 2023, respectively, $ 97 million and $ 93 million are recorded in other liabilities, respectively, and $ 4 million and $ 4 million are recorded as a net offset to other assets, respectively. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued |
Of the $ 101 million and $ 97 million total liability for uncertain tax positions (including related interest and penalties) at December 31, 2024 and 2023, respectively, $ 97 million and $ 93 million are recorded in other liabilities, respectively, and $ 4 million and $ 4 million are recorded as a net offset to other assets, respectively. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> Of the $ 101 million and $ 97 million total liability for uncertain tax positions (including related interest and penalties) at December 31, 2024 and 2023, respectively, $ 97 million and $ 93 million are recorded in other liabilities, respectively, and $ 4 million and $ 4 million are recorded as a net offset to other assets, respectively. </context> | us-gaap:UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued |
As a result of tax audit closings, settlements and the expiration of applicable statutes of limitation in various jurisdictions within the next 12 months, we anticipate that it is reasonably possible the liability for uncertain tax positions could be reduced by approximately $ 13 million. | text | 13 | monetaryItemType | text: <entity> 13 </entity> <entity type> monetaryItemType </entity type> <context> As a result of tax audit closings, settlements and the expiration of applicable statutes of limitation in various jurisdictions within the next 12 months, we anticipate that it is reasonably possible the liability for uncertain tax positions could be reduced by approximately $ 13 million. </context> | us-gaap:DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible |
During the third quarter of 2023, we received an insurance settlement payment in our Decorative Architectural Products segment related to lost sales resulting from a weather event that occurred in Texas in 2021 which impacted the operations of a resin supplier and interrupted our ability to manufacture certain paints and other coating products. The insurance settlement payment increased gross profit and operating profit by $ 40 million for the year ended December 31, 2023. | text | 40 | monetaryItemType | text: <entity> 40 </entity> <entity type> monetaryItemType </entity type> <context> During the third quarter of 2023, we received an insurance settlement payment in our Decorative Architectural Products segment related to lost sales resulting from a weather event that occurred in Texas in 2021 which impacted the operations of a resin supplier and interrupted our ability to manufacture certain paints and other coating products. The insurance settlement payment increased gross profit and operating profit by $ 40 million for the year ended December 31, 2023. </context> | us-gaap:GainOnBusinessInterruptionInsuranceRecovery |
As a result of the acquisition of Sauna360 Group Oy in the third quarter of 2023, $ 5 million was added to valuation allowance on deferred tax assets. | text | 5 | monetaryItemType | text: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> As a result of the acquisition of Sauna360 Group Oy in the third quarter of 2023, $ 5 million was added to valuation allowance on deferred tax assets. </context> | us-gaap:ValuationAllowancesAndReservesChargedToOtherAccounts |
$ 48 million was added to valuation allowance resulting from the establishment of certain state deferred tax assets for which the likelihood of utilization is no longer considered remote. | text | 48 | monetaryItemType | text: <entity> 48 </entity> <entity type> monetaryItemType </entity type> <context> $ 48 million was added to valuation allowance resulting from the establishment of certain state deferred tax assets for which the likelihood of utilization is no longer considered remote. </context> | us-gaap:ValuationAllowancesAndReservesChargedToOtherAccounts |
Due to a legal restructuring of certain U.S. businesses that occurred in early 2024, a $ 37 million reduction in valuation allowance was recorded as a $ 29 million state income tax benefit, net of federal expense. | text | 37 | monetaryItemType | text: <entity> 37 </entity> <entity type> monetaryItemType </entity type> <context> Due to a legal restructuring of certain U.S. businesses that occurred in early 2024, a $ 37 million reduction in valuation allowance was recorded as a $ 29 million state income tax benefit, net of federal expense. </context> | us-gaap:ValuationAllowancesAndReservesDeductions |
Due to a legal restructuring of certain U.S. businesses that occurred in early 2024, a $ 37 million reduction in valuation allowance was recorded as a $ 29 million state income tax benefit, net of federal expense. | text | 29 | monetaryItemType | text: <entity> 29 </entity> <entity type> monetaryItemType </entity type> <context> Due to a legal restructuring of certain U.S. businesses that occurred in early 2024, a $ 37 million reduction in valuation allowance was recorded as a $ 29 million state income tax benefit, net of federal expense. </context> | us-gaap:DeferredStateAndLocalIncomeTaxExpenseBenefit |
All costs incurred directly in satisfaction of our performance obligations associated with revenue are reported in cost of goods sold on the statements of operations. We also provide certain customers with incremental up-front consideration, subject to clawback provisions, including Business Incentive Plan assets (“BIPs”), which is capitalized and amortized over the estimated life of the contractual arrangement as a reduction of net sales. We do not receive a distinct service or good in return for these BIPs, but rather receive volume commitments and/or sole supplier status from our customers over the life of the contractual arrangements, which approximates a five-year weighted average useful life. The termination clauses in these contractual arrangements generally include standard clawback provisions that are designed to enable us to collect monetary damages in the event of a customer's failure to meet its commitments under the relevant contract. At December 31, 2024 and 2023, the total carrying value of BIPs were $ 169 million and $ 149 million, respectively, and are presented within other assets in the consolidated balance sheets. For the years ended December 31, 2024, 2023 and 2022, $ 59 million, $ 64 million and $ 59 million, respectively, was amortized and reflected as reductions of net sales in the consolidated statements of operations. | text | 169 | monetaryItemType | text: <entity> 169 </entity> <entity type> monetaryItemType </entity type> <context> All costs incurred directly in satisfaction of our performance obligations associated with revenue are reported in cost of goods sold on the statements of operations. We also provide certain customers with incremental up-front consideration, subject to clawback provisions, including Business Incentive Plan assets (“BIPs”), which is capitalized and amortized over the estimated life of the contractual arrangement as a reduction of net sales. We do not receive a distinct service or good in return for these BIPs, but rather receive volume commitments and/or sole supplier status from our customers over the life of the contractual arrangements, which approximates a five-year weighted average useful life. The termination clauses in these contractual arrangements generally include standard clawback provisions that are designed to enable us to collect monetary damages in the event of a customer's failure to meet its commitments under the relevant contract. At December 31, 2024 and 2023, the total carrying value of BIPs were $ 169 million and $ 149 million, respectively, and are presented within other assets in the consolidated balance sheets. For the years ended December 31, 2024, 2023 and 2022, $ 59 million, $ 64 million and $ 59 million, respectively, was amortized and reflected as reductions of net sales in the consolidated statements of operations. </context> | us-gaap:CapitalizedContractCostNet |
All costs incurred directly in satisfaction of our performance obligations associated with revenue are reported in cost of goods sold on the statements of operations. We also provide certain customers with incremental up-front consideration, subject to clawback provisions, including Business Incentive Plan assets (“BIPs”), which is capitalized and amortized over the estimated life of the contractual arrangement as a reduction of net sales. We do not receive a distinct service or good in return for these BIPs, but rather receive volume commitments and/or sole supplier status from our customers over the life of the contractual arrangements, which approximates a five-year weighted average useful life. The termination clauses in these contractual arrangements generally include standard clawback provisions that are designed to enable us to collect monetary damages in the event of a customer's failure to meet its commitments under the relevant contract. At December 31, 2024 and 2023, the total carrying value of BIPs were $ 169 million and $ 149 million, respectively, and are presented within other assets in the consolidated balance sheets. For the years ended December 31, 2024, 2023 and 2022, $ 59 million, $ 64 million and $ 59 million, respectively, was amortized and reflected as reductions of net sales in the consolidated statements of operations. | text | 149 | monetaryItemType | text: <entity> 149 </entity> <entity type> monetaryItemType </entity type> <context> All costs incurred directly in satisfaction of our performance obligations associated with revenue are reported in cost of goods sold on the statements of operations. We also provide certain customers with incremental up-front consideration, subject to clawback provisions, including Business Incentive Plan assets (“BIPs”), which is capitalized and amortized over the estimated life of the contractual arrangement as a reduction of net sales. We do not receive a distinct service or good in return for these BIPs, but rather receive volume commitments and/or sole supplier status from our customers over the life of the contractual arrangements, which approximates a five-year weighted average useful life. The termination clauses in these contractual arrangements generally include standard clawback provisions that are designed to enable us to collect monetary damages in the event of a customer's failure to meet its commitments under the relevant contract. At December 31, 2024 and 2023, the total carrying value of BIPs were $ 169 million and $ 149 million, respectively, and are presented within other assets in the consolidated balance sheets. For the years ended December 31, 2024, 2023 and 2022, $ 59 million, $ 64 million and $ 59 million, respectively, was amortized and reflected as reductions of net sales in the consolidated statements of operations. </context> | us-gaap:CapitalizedContractCostNet |
All costs incurred directly in satisfaction of our performance obligations associated with revenue are reported in cost of goods sold on the statements of operations. We also provide certain customers with incremental up-front consideration, subject to clawback provisions, including Business Incentive Plan assets (“BIPs”), which is capitalized and amortized over the estimated life of the contractual arrangement as a reduction of net sales. We do not receive a distinct service or good in return for these BIPs, but rather receive volume commitments and/or sole supplier status from our customers over the life of the contractual arrangements, which approximates a five-year weighted average useful life. The termination clauses in these contractual arrangements generally include standard clawback provisions that are designed to enable us to collect monetary damages in the event of a customer's failure to meet its commitments under the relevant contract. At December 31, 2024 and 2023, the total carrying value of BIPs were $ 169 million and $ 149 million, respectively, and are presented within other assets in the consolidated balance sheets. For the years ended December 31, 2024, 2023 and 2022, $ 59 million, $ 64 million and $ 59 million, respectively, was amortized and reflected as reductions of net sales in the consolidated statements of operations. | text | 59 | monetaryItemType | text: <entity> 59 </entity> <entity type> monetaryItemType </entity type> <context> All costs incurred directly in satisfaction of our performance obligations associated with revenue are reported in cost of goods sold on the statements of operations. We also provide certain customers with incremental up-front consideration, subject to clawback provisions, including Business Incentive Plan assets (“BIPs”), which is capitalized and amortized over the estimated life of the contractual arrangement as a reduction of net sales. We do not receive a distinct service or good in return for these BIPs, but rather receive volume commitments and/or sole supplier status from our customers over the life of the contractual arrangements, which approximates a five-year weighted average useful life. The termination clauses in these contractual arrangements generally include standard clawback provisions that are designed to enable us to collect monetary damages in the event of a customer's failure to meet its commitments under the relevant contract. At December 31, 2024 and 2023, the total carrying value of BIPs were $ 169 million and $ 149 million, respectively, and are presented within other assets in the consolidated balance sheets. For the years ended December 31, 2024, 2023 and 2022, $ 59 million, $ 64 million and $ 59 million, respectively, was amortized and reflected as reductions of net sales in the consolidated statements of operations. </context> | us-gaap:CapitalizedContractCostAmortization |
All costs incurred directly in satisfaction of our performance obligations associated with revenue are reported in cost of goods sold on the statements of operations. We also provide certain customers with incremental up-front consideration, subject to clawback provisions, including Business Incentive Plan assets (“BIPs”), which is capitalized and amortized over the estimated life of the contractual arrangement as a reduction of net sales. We do not receive a distinct service or good in return for these BIPs, but rather receive volume commitments and/or sole supplier status from our customers over the life of the contractual arrangements, which approximates a five-year weighted average useful life. The termination clauses in these contractual arrangements generally include standard clawback provisions that are designed to enable us to collect monetary damages in the event of a customer's failure to meet its commitments under the relevant contract. At December 31, 2024 and 2023, the total carrying value of BIPs were $ 169 million and $ 149 million, respectively, and are presented within other assets in the consolidated balance sheets. For the years ended December 31, 2024, 2023 and 2022, $ 59 million, $ 64 million and $ 59 million, respectively, was amortized and reflected as reductions of net sales in the consolidated statements of operations. | text | 64 | monetaryItemType | text: <entity> 64 </entity> <entity type> monetaryItemType </entity type> <context> All costs incurred directly in satisfaction of our performance obligations associated with revenue are reported in cost of goods sold on the statements of operations. We also provide certain customers with incremental up-front consideration, subject to clawback provisions, including Business Incentive Plan assets (“BIPs”), which is capitalized and amortized over the estimated life of the contractual arrangement as a reduction of net sales. We do not receive a distinct service or good in return for these BIPs, but rather receive volume commitments and/or sole supplier status from our customers over the life of the contractual arrangements, which approximates a five-year weighted average useful life. The termination clauses in these contractual arrangements generally include standard clawback provisions that are designed to enable us to collect monetary damages in the event of a customer's failure to meet its commitments under the relevant contract. At December 31, 2024 and 2023, the total carrying value of BIPs were $ 169 million and $ 149 million, respectively, and are presented within other assets in the consolidated balance sheets. For the years ended December 31, 2024, 2023 and 2022, $ 59 million, $ 64 million and $ 59 million, respectively, was amortized and reflected as reductions of net sales in the consolidated statements of operations. </context> | us-gaap:CapitalizedContractCostAmortization |
Consideration for products in which control has transferred to our customers that is conditional on something other than the passage of time is recorded as a contract asset within prepaid expenses and other current assets in the consolidated balance sheets. The contract asset balances at December 31, 2024 and 2023 were $ 36 million and $ 39 million, respectively. | text | 36 | monetaryItemType | text: <entity> 36 </entity> <entity type> monetaryItemType </entity type> <context> Consideration for products in which control has transferred to our customers that is conditional on something other than the passage of time is recorded as a contract asset within prepaid expenses and other current assets in the consolidated balance sheets. The contract asset balances at December 31, 2024 and 2023 were $ 36 million and $ 39 million, respectively. </context> | us-gaap:ContractWithCustomerAssetNet |
Consideration for products in which control has transferred to our customers that is conditional on something other than the passage of time is recorded as a contract asset within prepaid expenses and other current assets in the consolidated balance sheets. The contract asset balances at December 31, 2024 and 2023 were $ 36 million and $ 39 million, respectively. | text | 39 | monetaryItemType | text: <entity> 39 </entity> <entity type> monetaryItemType </entity type> <context> Consideration for products in which control has transferred to our customers that is conditional on something other than the passage of time is recorded as a contract asset within prepaid expenses and other current assets in the consolidated balance sheets. The contract asset balances at December 31, 2024 and 2023 were $ 36 million and $ 39 million, respectively. </context> | us-gaap:ContractWithCustomerAssetNet |
On July 2, 2024, we completed the acquisition of CoverFlexx from Transtar Holding Company for an aggregate purchase price of $ 290 million. The acquisition of CoverFlexx, a leading aftermarket coatings business focused on economy customers in North America, strengthens Axalta's position in the refinish economy customer segment and supports its broader growth strategy. The results of the business have been reported within our Performance Coatings segment since the acquisition date. The CoverFlexx acquisition was recorded as a business combination under FASB Accounting Standards Codification (“ASC”) 805, | text | 290 | monetaryItemType | text: <entity> 290 </entity> <entity type> monetaryItemType </entity type> <context> On July 2, 2024, we completed the acquisition of CoverFlexx from Transtar Holding Company for an aggregate purchase price of $ 290 million. The acquisition of CoverFlexx, a leading aftermarket coatings business focused on economy customers in North America, strengthens Axalta's position in the refinish economy customer segment and supports its broader growth strategy. The results of the business have been reported within our Performance Coatings segment since the acquisition date. The CoverFlexx acquisition was recorded as a business combination under FASB Accounting Standards Codification (“ASC”) 805, </context> | us-gaap:BusinessCombinationConsiderationTransferred1 |
Goodwill was recognized as the excess of the purchase price over the net identifiable assets recognized. The goodwill is primarily attributed to the assembled workforce and the anticipated future economic benefits of the business and is allocated to our refinish reporting unit, which is part of our Performance Coatings operating segment. The goodwill recognized at December 31, 2024 that is expected to be deductible for income tax purposes is $ 98 million. | text | 98 | monetaryItemType | text: <entity> 98 </entity> <entity type> monetaryItemType </entity type> <context> Goodwill was recognized as the excess of the purchase price over the net identifiable assets recognized. The goodwill is primarily attributed to the assembled workforce and the anticipated future economic benefits of the business and is allocated to our refinish reporting unit, which is part of our Performance Coatings operating segment. The goodwill recognized at December 31, 2024 that is expected to be deductible for income tax purposes is $ 98 million. </context> | us-gaap:BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount |
We incurred and expensed acquisition-related transaction costs for the CoverFlexx acquisition of $ 3 million, included within other operating charges on the consolidated statements of operations for the year ended December 31, 2024. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> We incurred and expensed acquisition-related transaction costs for the CoverFlexx acquisition of $ 3 million, included within other operating charges on the consolidated statements of operations for the year ended December 31, 2024. </context> | us-gaap:BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed |
The fair value associated with definite-lived intangible assets is $ 144 million, which comprises $ 123 million in customer relationships, $ 16 million in trademarks and $ 5 million in developed technology. The definite-lived intangible assets will be amortized over a weighted average term of 18.4 years. | text | 144 | monetaryItemType | text: <entity> 144 </entity> <entity type> monetaryItemType </entity type> <context> The fair value associated with definite-lived intangible assets is $ 144 million, which comprises $ 123 million in customer relationships, $ 16 million in trademarks and $ 5 million in developed technology. The definite-lived intangible assets will be amortized over a weighted average term of 18.4 years. </context> | us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles |
The fair value associated with definite-lived intangible assets is $ 144 million, which comprises $ 123 million in customer relationships, $ 16 million in trademarks and $ 5 million in developed technology. The definite-lived intangible assets will be amortized over a weighted average term of 18.4 years. | text | 123 | monetaryItemType | text: <entity> 123 </entity> <entity type> monetaryItemType </entity type> <context> The fair value associated with definite-lived intangible assets is $ 144 million, which comprises $ 123 million in customer relationships, $ 16 million in trademarks and $ 5 million in developed technology. The definite-lived intangible assets will be amortized over a weighted average term of 18.4 years. </context> | us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles |
The fair value associated with definite-lived intangible assets is $ 144 million, which comprises $ 123 million in customer relationships, $ 16 million in trademarks and $ 5 million in developed technology. The definite-lived intangible assets will be amortized over a weighted average term of 18.4 years. | text | 16 | monetaryItemType | text: <entity> 16 </entity> <entity type> monetaryItemType </entity type> <context> The fair value associated with definite-lived intangible assets is $ 144 million, which comprises $ 123 million in customer relationships, $ 16 million in trademarks and $ 5 million in developed technology. The definite-lived intangible assets will be amortized over a weighted average term of 18.4 years. </context> | us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles |
The fair value associated with definite-lived intangible assets is $ 144 million, which comprises $ 123 million in customer relationships, $ 16 million in trademarks and $ 5 million in developed technology. The definite-lived intangible assets will be amortized over a weighted average term of 18.4 years. | text | 5 | monetaryItemType | text: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> The fair value associated with definite-lived intangible assets is $ 144 million, which comprises $ 123 million in customer relationships, $ 16 million in trademarks and $ 5 million in developed technology. The definite-lived intangible assets will be amortized over a weighted average term of 18.4 years. </context> | us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles |
During the year ended December 31, 2024, incremental to the CoverFlexx acquisition, we successfully completed three strategic acquisitions, all based in Europe, and operating within our Performance Coatings segment (“2024 European Acquisitions”). The 2024 European Acquisitions were accounted for as business combinations and the aggregate consideration for these acquisitions was $ 15 million, of which $ 11 million was paid, net of $ 3 million cash acquired, during the year ended December 31, 2024. The overall impacts to our consolidated financial statements were not considered to be material, either individually or in the aggregate. The fair value associated with identifiable intangible assets from the 2024 European Acquisitions was $ 4 million, primarily comprising customer relationship assets, which will be amortized over a weighted average term of approximately 10.0 years. | text | three | integerItemType | text: <entity> three </entity> <entity type> integerItemType </entity type> <context> During the year ended December 31, 2024, incremental to the CoverFlexx acquisition, we successfully completed three strategic acquisitions, all based in Europe, and operating within our Performance Coatings segment (“2024 European Acquisitions”). The 2024 European Acquisitions were accounted for as business combinations and the aggregate consideration for these acquisitions was $ 15 million, of which $ 11 million was paid, net of $ 3 million cash acquired, during the year ended December 31, 2024. The overall impacts to our consolidated financial statements were not considered to be material, either individually or in the aggregate. The fair value associated with identifiable intangible assets from the 2024 European Acquisitions was $ 4 million, primarily comprising customer relationship assets, which will be amortized over a weighted average term of approximately 10.0 years. </context> | us-gaap:NumberOfBusinessesAcquired |
During the year ended December 31, 2024, incremental to the CoverFlexx acquisition, we successfully completed three strategic acquisitions, all based in Europe, and operating within our Performance Coatings segment (“2024 European Acquisitions”). The 2024 European Acquisitions were accounted for as business combinations and the aggregate consideration for these acquisitions was $ 15 million, of which $ 11 million was paid, net of $ 3 million cash acquired, during the year ended December 31, 2024. The overall impacts to our consolidated financial statements were not considered to be material, either individually or in the aggregate. The fair value associated with identifiable intangible assets from the 2024 European Acquisitions was $ 4 million, primarily comprising customer relationship assets, which will be amortized over a weighted average term of approximately 10.0 years. | text | 15 | monetaryItemType | text: <entity> 15 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024, incremental to the CoverFlexx acquisition, we successfully completed three strategic acquisitions, all based in Europe, and operating within our Performance Coatings segment (“2024 European Acquisitions”). The 2024 European Acquisitions were accounted for as business combinations and the aggregate consideration for these acquisitions was $ 15 million, of which $ 11 million was paid, net of $ 3 million cash acquired, during the year ended December 31, 2024. The overall impacts to our consolidated financial statements were not considered to be material, either individually or in the aggregate. The fair value associated with identifiable intangible assets from the 2024 European Acquisitions was $ 4 million, primarily comprising customer relationship assets, which will be amortized over a weighted average term of approximately 10.0 years. </context> | us-gaap:BusinessCombinationConsiderationTransferred1 |
During the year ended December 31, 2024, incremental to the CoverFlexx acquisition, we successfully completed three strategic acquisitions, all based in Europe, and operating within our Performance Coatings segment (“2024 European Acquisitions”). The 2024 European Acquisitions were accounted for as business combinations and the aggregate consideration for these acquisitions was $ 15 million, of which $ 11 million was paid, net of $ 3 million cash acquired, during the year ended December 31, 2024. The overall impacts to our consolidated financial statements were not considered to be material, either individually or in the aggregate. The fair value associated with identifiable intangible assets from the 2024 European Acquisitions was $ 4 million, primarily comprising customer relationship assets, which will be amortized over a weighted average term of approximately 10.0 years. | text | 11 | monetaryItemType | text: <entity> 11 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024, incremental to the CoverFlexx acquisition, we successfully completed three strategic acquisitions, all based in Europe, and operating within our Performance Coatings segment (“2024 European Acquisitions”). The 2024 European Acquisitions were accounted for as business combinations and the aggregate consideration for these acquisitions was $ 15 million, of which $ 11 million was paid, net of $ 3 million cash acquired, during the year ended December 31, 2024. The overall impacts to our consolidated financial statements were not considered to be material, either individually or in the aggregate. The fair value associated with identifiable intangible assets from the 2024 European Acquisitions was $ 4 million, primarily comprising customer relationship assets, which will be amortized over a weighted average term of approximately 10.0 years. </context> | us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired |
During the year ended December 31, 2024, incremental to the CoverFlexx acquisition, we successfully completed three strategic acquisitions, all based in Europe, and operating within our Performance Coatings segment (“2024 European Acquisitions”). The 2024 European Acquisitions were accounted for as business combinations and the aggregate consideration for these acquisitions was $ 15 million, of which $ 11 million was paid, net of $ 3 million cash acquired, during the year ended December 31, 2024. The overall impacts to our consolidated financial statements were not considered to be material, either individually or in the aggregate. The fair value associated with identifiable intangible assets from the 2024 European Acquisitions was $ 4 million, primarily comprising customer relationship assets, which will be amortized over a weighted average term of approximately 10.0 years. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024, incremental to the CoverFlexx acquisition, we successfully completed three strategic acquisitions, all based in Europe, and operating within our Performance Coatings segment (“2024 European Acquisitions”). The 2024 European Acquisitions were accounted for as business combinations and the aggregate consideration for these acquisitions was $ 15 million, of which $ 11 million was paid, net of $ 3 million cash acquired, during the year ended December 31, 2024. The overall impacts to our consolidated financial statements were not considered to be material, either individually or in the aggregate. The fair value associated with identifiable intangible assets from the 2024 European Acquisitions was $ 4 million, primarily comprising customer relationship assets, which will be amortized over a weighted average term of approximately 10.0 years. </context> | us-gaap:CashAcquiredFromAcquisition |
During the year ended December 31, 2024, incremental to the CoverFlexx acquisition, we successfully completed three strategic acquisitions, all based in Europe, and operating within our Performance Coatings segment (“2024 European Acquisitions”). The 2024 European Acquisitions were accounted for as business combinations and the aggregate consideration for these acquisitions was $ 15 million, of which $ 11 million was paid, net of $ 3 million cash acquired, during the year ended December 31, 2024. The overall impacts to our consolidated financial statements were not considered to be material, either individually or in the aggregate. The fair value associated with identifiable intangible assets from the 2024 European Acquisitions was $ 4 million, primarily comprising customer relationship assets, which will be amortized over a weighted average term of approximately 10.0 years. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024, incremental to the CoverFlexx acquisition, we successfully completed three strategic acquisitions, all based in Europe, and operating within our Performance Coatings segment (“2024 European Acquisitions”). The 2024 European Acquisitions were accounted for as business combinations and the aggregate consideration for these acquisitions was $ 15 million, of which $ 11 million was paid, net of $ 3 million cash acquired, during the year ended December 31, 2024. The overall impacts to our consolidated financial statements were not considered to be material, either individually or in the aggregate. The fair value associated with identifiable intangible assets from the 2024 European Acquisitions was $ 4 million, primarily comprising customer relationship assets, which will be amortized over a weighted average term of approximately 10.0 years. </context> | us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles |
During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . | text | 600 | integerItemType | text: <entity> 600 </entity> <entity type> integerItemType </entity type> <context> During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . </context> | us-gaap:RestructuringAndRelatedCostNumberOfPositionsEliminated |
During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . | text | 75 | monetaryItemType | text: <entity> 75 </entity> <entity type> monetaryItemType </entity type> <context> During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . </context> | us-gaap:RestructuringAndRelatedCostExpectedCost1 |
During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . | text | 70 | monetaryItemType | text: <entity> 70 </entity> <entity type> monetaryItemType </entity type> <context> During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . </context> | us-gaap:SeveranceCosts1 |
During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . | text | 5 | monetaryItemType | text: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . </context> | us-gaap:RestructuringReserveAcceleratedDepreciation |
During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . | text | 100 | monetaryItemType | text: <entity> 100 </entity> <entity type> monetaryItemType </entity type> <context> During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . </context> | us-gaap:PaymentsForRestructuring |
During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . | text | 110 | monetaryItemType | text: <entity> 110 </entity> <entity type> monetaryItemType </entity type> <context> During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . </context> | us-gaap:PaymentsForRestructuring |
During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . | text | 30 | monetaryItemType | text: <entity> 30 </entity> <entity type> monetaryItemType </entity type> <context> During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . </context> | us-gaap:PaymentsForRestructuring |
During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . | text | 40 | monetaryItemType | text: <entity> 40 </entity> <entity type> monetaryItemType </entity type> <context> During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . </context> | us-gaap:PaymentsForRestructuring |
During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . | text | 71 | monetaryItemType | text: <entity> 71 </entity> <entity type> monetaryItemType </entity type> <context> During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . </context> | us-gaap:RestructuringCharges |
During the years ended December 31, 2024, 2023 and 2022, we incurred costs of $ 65 million, $ 4 million, and $ 24 million, respectively, for termination benefits, net of changes in estimates. The majority of our termination benefits are recorded within other operating charges in the consolidated statements of operations. The remaining payments associated with these actions are expected to be substantially completed within 18 months. | text | 65 | monetaryItemType | text: <entity> 65 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2024, 2023 and 2022, we incurred costs of $ 65 million, $ 4 million, and $ 24 million, respectively, for termination benefits, net of changes in estimates. The majority of our termination benefits are recorded within other operating charges in the consolidated statements of operations. The remaining payments associated with these actions are expected to be substantially completed within 18 months. </context> | us-gaap:RestructuringCharges |
During the years ended December 31, 2024, 2023 and 2022, we incurred costs of $ 65 million, $ 4 million, and $ 24 million, respectively, for termination benefits, net of changes in estimates. The majority of our termination benefits are recorded within other operating charges in the consolidated statements of operations. The remaining payments associated with these actions are expected to be substantially completed within 18 months. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2024, 2023 and 2022, we incurred costs of $ 65 million, $ 4 million, and $ 24 million, respectively, for termination benefits, net of changes in estimates. The majority of our termination benefits are recorded within other operating charges in the consolidated statements of operations. The remaining payments associated with these actions are expected to be substantially completed within 18 months. </context> | us-gaap:RestructuringCharges |
During the years ended December 31, 2024, 2023 and 2022, we incurred costs of $ 65 million, $ 4 million, and $ 24 million, respectively, for termination benefits, net of changes in estimates. The majority of our termination benefits are recorded within other operating charges in the consolidated statements of operations. The remaining payments associated with these actions are expected to be substantially completed within 18 months. | text | 24 | monetaryItemType | text: <entity> 24 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2024, 2023 and 2022, we incurred costs of $ 65 million, $ 4 million, and $ 24 million, respectively, for termination benefits, net of changes in estimates. The majority of our termination benefits are recorded within other operating charges in the consolidated statements of operations. The remaining payments associated with these actions are expected to be substantially completed within 18 months. </context> | us-gaap:RestructuringCharges |
We guarantee certain of our customers' obligations to third parties, whereby any default by our customers on their obligations could force us to make payments to the applicable creditors (“Customer Obligation Guarantees”). At December 31, 2024 and 2023, we had outstanding Customer Obligation Guarantees of $ 23 million and $ 10 million, respectively, excluding certain outstanding Customer Obligation Guarantees secured by letters of credit under the Revolving Credit Facility discussed further in Note 19. Excluding Customer Obligation Guarantees secured by letters of credit under the Revolving Credit Facility, substantially all of our Customer Obligation Guarantees do not have specified expiration dates. We monitor the Customer Obligation Guarantees to evaluate whether we have a liability at the balance sheet date. We did no t have any liabilities related to our outstanding Customer Obligation Guarantees recorded at either December 31, 2024 or 2023. | text | 23 | monetaryItemType | text: <entity> 23 </entity> <entity type> monetaryItemType </entity type> <context> We guarantee certain of our customers' obligations to third parties, whereby any default by our customers on their obligations could force us to make payments to the applicable creditors (“Customer Obligation Guarantees”). At December 31, 2024 and 2023, we had outstanding Customer Obligation Guarantees of $ 23 million and $ 10 million, respectively, excluding certain outstanding Customer Obligation Guarantees secured by letters of credit under the Revolving Credit Facility discussed further in Note 19. Excluding Customer Obligation Guarantees secured by letters of credit under the Revolving Credit Facility, substantially all of our Customer Obligation Guarantees do not have specified expiration dates. We monitor the Customer Obligation Guarantees to evaluate whether we have a liability at the balance sheet date. We did no t have any liabilities related to our outstanding Customer Obligation Guarantees recorded at either December 31, 2024 or 2023. </context> | us-gaap:GuaranteeObligationsMaximumExposure |
We guarantee certain of our customers' obligations to third parties, whereby any default by our customers on their obligations could force us to make payments to the applicable creditors (“Customer Obligation Guarantees”). At December 31, 2024 and 2023, we had outstanding Customer Obligation Guarantees of $ 23 million and $ 10 million, respectively, excluding certain outstanding Customer Obligation Guarantees secured by letters of credit under the Revolving Credit Facility discussed further in Note 19. Excluding Customer Obligation Guarantees secured by letters of credit under the Revolving Credit Facility, substantially all of our Customer Obligation Guarantees do not have specified expiration dates. We monitor the Customer Obligation Guarantees to evaluate whether we have a liability at the balance sheet date. We did no t have any liabilities related to our outstanding Customer Obligation Guarantees recorded at either December 31, 2024 or 2023. | text | 10 | monetaryItemType | text: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> We guarantee certain of our customers' obligations to third parties, whereby any default by our customers on their obligations could force us to make payments to the applicable creditors (“Customer Obligation Guarantees”). At December 31, 2024 and 2023, we had outstanding Customer Obligation Guarantees of $ 23 million and $ 10 million, respectively, excluding certain outstanding Customer Obligation Guarantees secured by letters of credit under the Revolving Credit Facility discussed further in Note 19. Excluding Customer Obligation Guarantees secured by letters of credit under the Revolving Credit Facility, substantially all of our Customer Obligation Guarantees do not have specified expiration dates. We monitor the Customer Obligation Guarantees to evaluate whether we have a liability at the balance sheet date. We did no t have any liabilities related to our outstanding Customer Obligation Guarantees recorded at either December 31, 2024 or 2023. </context> | us-gaap:GuaranteeObligationsMaximumExposure |
we had $ 29 million and $ 36 million, respectively, recorded for estimated insurance receivables within accounts and notes receivable, net in the consolidated balance sheets | text | 29 | monetaryItemType | text: <entity> 29 </entity> <entity type> monetaryItemType </entity type> <context> we had $ 29 million and $ 36 million, respectively, recorded for estimated insurance receivables within accounts and notes receivable, net in the consolidated balance sheets </context> | us-gaap:LossContingencyReceivable |
we had $ 29 million and $ 36 million, respectively, recorded for estimated insurance receivables within accounts and notes receivable, net in the consolidated balance sheets | text | 36 | monetaryItemType | text: <entity> 36 </entity> <entity type> monetaryItemType </entity type> <context> we had $ 29 million and $ 36 million, respectively, recorded for estimated insurance receivables within accounts and notes receivable, net in the consolidated balance sheets </context> | us-gaap:LossContingencyReceivable |
Liabilities of $ 27 million and $ 31 million are recorded as other accrued liabilities in the consolidated balance sheets at | text | 27 | monetaryItemType | text: <entity> 27 </entity> <entity type> monetaryItemType </entity type> <context> Liabilities of $ 27 million and $ 31 million are recorded as other accrued liabilities in the consolidated balance sheets at </context> | us-gaap:LossContingencyAccrualAtCarryingValue |
Liabilities of $ 27 million and $ 31 million are recorded as other accrued liabilities in the consolidated balance sheets at | text | 31 | monetaryItemType | text: <entity> 31 </entity> <entity type> monetaryItemType </entity type> <context> Liabilities of $ 27 million and $ 31 million are recorded as other accrued liabilities in the consolidated balance sheets at </context> | us-gaap:LossContingencyAccrualAtCarryingValue |
(2) Finance lease assets are recorded net of accumulated amortization of $ 26 million and $ 22 million for the years ended December 31, 2024 and 2023, respectively. | text | 26 | monetaryItemType | text: <entity> 26 </entity> <entity type> monetaryItemType </entity type> <context> (2) Finance lease assets are recorded net of accumulated amortization of $ 26 million and $ 22 million for the years ended December 31, 2024 and 2023, respectively. </context> | us-gaap:FinanceLeaseRightOfUseAssetAccumulatedAmortization |
(2) Finance lease assets are recorded net of accumulated amortization of $ 26 million and $ 22 million for the years ended December 31, 2024 and 2023, respectively. | text | 22 | monetaryItemType | text: <entity> 22 </entity> <entity type> monetaryItemType </entity type> <context> (2) Finance lease assets are recorded net of accumulated amortization of $ 26 million and $ 22 million for the years ended December 31, 2024 and 2023, respectively. </context> | us-gaap:FinanceLeaseRightOfUseAssetAccumulatedAmortization |
The long-term rate of return assumption represents the expected average rate of earnings on the funds invested to provide for the benefits included in the benefit obligations. The long-term rate of return assumption is determined based on a number of factors, including historical market index returns, the anticipated long-term asset allocation of the plans, historical plan return data, plan expenses and the potential to outperform market index returns. For 2025, the expected long-term rate of return is 3.94 %. | text | 3.94 | percentItemType | text: <entity> 3.94 </entity> <entity type> percentItemType </entity type> <context> The long-term rate of return assumption represents the expected average rate of earnings on the funds invested to provide for the benefits included in the benefit obligations. The long-term rate of return assumption is determined based on a number of factors, including historical market index returns, the anticipated long-term asset allocation of the plans, historical plan return data, plan expenses and the potential to outperform market index returns. For 2025, the expected long-term rate of return is 3.94 %. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets |
For funded pension plans, our funding policy is to fund amounts for pension plans sufficient to meet minimum requirements set forth in applicable benefit laws and local tax laws. Based on the same assumptions used to measure our benefit obligations at December 31, 2024, we expect to contribute $ 6 million to our defined benefit plans during 2025. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> For funded pension plans, our funding policy is to fund amounts for pension plans sufficient to meet minimum requirements set forth in applicable benefit laws and local tax laws. Based on the same assumptions used to measure our benefit obligations at December 31, 2024, we expect to contribute $ 6 million to our defined benefit plans during 2025. </context> | us-gaap:DefinedBenefitPlanExpectedFutureEmployerContributionsNextFiscalYear |
The Company sponsors defined contribution plans in both its U.S. and non-U.S. subsidiaries, under which salaried and certain hourly employees may defer a portion of their compensation. Eligible participants may contribute to the plan up to the allowable amount of their regular compensation before taxes, as determined by the plan. All contributions and Company matches are invested at the direction of the employee. Company matching contributions vest immediately and aggregated to $ 44 million, $ 56 million and $ 55 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 44 | monetaryItemType | text: <entity> 44 </entity> <entity type> monetaryItemType </entity type> <context> The Company sponsors defined contribution plans in both its U.S. and non-U.S. subsidiaries, under which salaried and certain hourly employees may defer a portion of their compensation. Eligible participants may contribute to the plan up to the allowable amount of their regular compensation before taxes, as determined by the plan. All contributions and Company matches are invested at the direction of the employee. Company matching contributions vest immediately and aggregated to $ 44 million, $ 56 million and $ 55 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:DefinedContributionPlanEmployerDiscretionaryContributionAmount |
The Company sponsors defined contribution plans in both its U.S. and non-U.S. subsidiaries, under which salaried and certain hourly employees may defer a portion of their compensation. Eligible participants may contribute to the plan up to the allowable amount of their regular compensation before taxes, as determined by the plan. All contributions and Company matches are invested at the direction of the employee. Company matching contributions vest immediately and aggregated to $ 44 million, $ 56 million and $ 55 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 56 | monetaryItemType | text: <entity> 56 </entity> <entity type> monetaryItemType </entity type> <context> The Company sponsors defined contribution plans in both its U.S. and non-U.S. subsidiaries, under which salaried and certain hourly employees may defer a portion of their compensation. Eligible participants may contribute to the plan up to the allowable amount of their regular compensation before taxes, as determined by the plan. All contributions and Company matches are invested at the direction of the employee. Company matching contributions vest immediately and aggregated to $ 44 million, $ 56 million and $ 55 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:DefinedContributionPlanEmployerDiscretionaryContributionAmount |
The Company sponsors defined contribution plans in both its U.S. and non-U.S. subsidiaries, under which salaried and certain hourly employees may defer a portion of their compensation. Eligible participants may contribute to the plan up to the allowable amount of their regular compensation before taxes, as determined by the plan. All contributions and Company matches are invested at the direction of the employee. Company matching contributions vest immediately and aggregated to $ 44 million, $ 56 million and $ 55 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 55 | monetaryItemType | text: <entity> 55 </entity> <entity type> monetaryItemType </entity type> <context> The Company sponsors defined contribution plans in both its U.S. and non-U.S. subsidiaries, under which salaried and certain hourly employees may defer a portion of their compensation. Eligible participants may contribute to the plan up to the allowable amount of their regular compensation before taxes, as determined by the plan. All contributions and Company matches are invested at the direction of the employee. Company matching contributions vest immediately and aggregated to $ 44 million, $ 56 million and $ 55 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:DefinedContributionPlanEmployerDiscretionaryContributionAmount |
zed $ 28 million, $ 26 million and $ 22 million | text | 28 | monetaryItemType | text: <entity> 28 </entity> <entity type> monetaryItemType </entity type> <context> zed $ 28 million, $ 26 million and $ 22 million </context> | us-gaap:AllocatedShareBasedCompensationExpense |
zed $ 28 million, $ 26 million and $ 22 million | text | 26 | monetaryItemType | text: <entity> 26 </entity> <entity type> monetaryItemType </entity type> <context> zed $ 28 million, $ 26 million and $ 22 million </context> | us-gaap:AllocatedShareBasedCompensationExpense |
zed $ 28 million, $ 26 million and $ 22 million | text | 22 | monetaryItemType | text: <entity> 22 </entity> <entity type> monetaryItemType </entity type> <context> zed $ 28 million, $ 26 million and $ 22 million </context> | us-gaap:AllocatedShareBasedCompensationExpense |
During 2024, the Company withheld shares and used cash to settle certain employees' tax obligation resulting from the vesting of awards in the amount of $ 4 million. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, the Company withheld shares and used cash to settle certain employees' tax obligation resulting from the vesting of awards in the amount of $ 4 million. </context> | us-gaap:EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards |
During the year ended December 31, 2024, we issued 0.5 million RSUs. A majority of these awards vest ratably over three years . | text | 0.5 | sharesItemType | text: <entity> 0.5 </entity> <entity type> sharesItemType </entity type> <context> During the year ended December 31, 2024, we issued 0.5 million RSUs. A majority of these awards vest ratably over three years . </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod |
At December 31, 2024, there was $ 13 million of unamortized expense relating to unvested RSUs that is expected to be amortized over a weighted average period of 1.5 years. | text | 13 | monetaryItemType | text: <entity> 13 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, there was $ 13 million of unamortized expense relating to unvested RSUs that is expected to be amortized over a weighted average period of 1.5 years. </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions |
The intrinsic value of RSU awards vested and released during 2024, 2023 and 2022 was $ 23 million, $ 26 million and $ 15 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 20 million, $ 19 million and $ 20 million, respectively. Tax benefits on these vested awards were immaterial . | text | 23 | monetaryItemType | text: <entity> 23 </entity> <entity type> monetaryItemType </entity type> <context> The intrinsic value of RSU awards vested and released during 2024, 2023 and 2022 was $ 23 million, $ 26 million and $ 15 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 20 million, $ 19 million and $ 20 million, respectively. Tax benefits on these vested awards were immaterial . </context> | us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested |
The intrinsic value of RSU awards vested and released during 2024, 2023 and 2022 was $ 23 million, $ 26 million and $ 15 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 20 million, $ 19 million and $ 20 million, respectively. Tax benefits on these vested awards were immaterial . | text | 26 | monetaryItemType | text: <entity> 26 </entity> <entity type> monetaryItemType </entity type> <context> The intrinsic value of RSU awards vested and released during 2024, 2023 and 2022 was $ 23 million, $ 26 million and $ 15 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 20 million, $ 19 million and $ 20 million, respectively. Tax benefits on these vested awards were immaterial . </context> | us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested |
The intrinsic value of RSU awards vested and released during 2024, 2023 and 2022 was $ 23 million, $ 26 million and $ 15 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 20 million, $ 19 million and $ 20 million, respectively. Tax benefits on these vested awards were immaterial . | text | 15 | monetaryItemType | text: <entity> 15 </entity> <entity type> monetaryItemType </entity type> <context> The intrinsic value of RSU awards vested and released during 2024, 2023 and 2022 was $ 23 million, $ 26 million and $ 15 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 20 million, $ 19 million and $ 20 million, respectively. Tax benefits on these vested awards were immaterial . </context> | us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested |
The intrinsic value of RSU awards vested and released during 2024, 2023 and 2022 was $ 23 million, $ 26 million and $ 15 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 20 million, $ 19 million and $ 20 million, respectively. Tax benefits on these vested awards were immaterial . | text | 20 | monetaryItemType | text: <entity> 20 </entity> <entity type> monetaryItemType </entity type> <context> The intrinsic value of RSU awards vested and released during 2024, 2023 and 2022 was $ 23 million, $ 26 million and $ 15 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 20 million, $ 19 million and $ 20 million, respectively. Tax benefits on these vested awards were immaterial . </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The intrinsic value of RSU awards vested and released during 2024, 2023 and 2022 was $ 23 million, $ 26 million and $ 15 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 20 million, $ 19 million and $ 20 million, respectively. Tax benefits on these vested awards were immaterial . | text | 19 | monetaryItemType | text: <entity> 19 </entity> <entity type> monetaryItemType </entity type> <context> The intrinsic value of RSU awards vested and released during 2024, 2023 and 2022 was $ 23 million, $ 26 million and $ 15 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 20 million, $ 19 million and $ 20 million, respectively. Tax benefits on these vested awards were immaterial . </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
At December 31, 2024, there was $ 16 million of unamortized expense relating to unvested PSUs that is expected to be amortized over a weighted average period of 1.7 years. The forfeitures include PSUs that vested below threshold payout. | text | 16 | monetaryItemType | text: <entity> 16 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, there was $ 16 million of unamortized expense relating to unvested PSUs that is expected to be amortized over a weighted average period of 1.7 years. The forfeitures include PSUs that vested below threshold payout. </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions |
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