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<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>December 31,</td></tr><tr><td>(in millions, except share and per share amounts)</td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td></tr><tr><td>Receivables, net</td><td>817</td><td></td><td></td><td>1,017</td><td></td></tr><tr><td>Inventories</td><td>444</td><td></td><td></td><td>487</td><td></td></tr><tr><td>Prepayments and other current assets</td><td>96</td><td></td><td></td><td>58</td><td></td></tr><tr><td>Total current assets</td><td>1,841</td><td></td><td></td><td>1,927</td><td></td></tr><tr><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net</td><td>843</td><td></td><td></td><td>921</td><td></td></tr><tr><td>Investments and long-term receivables</td><td>111</td><td></td><td></td><td>115</td><td></td></tr><tr><td>Goodwill</td><td>471</td><td></td><td></td><td>499</td><td></td></tr><tr><td>Other intangible assets, net</td><td>374</td><td></td><td></td><td>417</td><td></td></tr><tr><td>Other non-current assets</td><td>128</td><td></td><td></td><td>162</td><td></td></tr><tr><td>Total assets</td><td>$</td><td>3,768</td><td></td><td></td><td>$</td><td>4,041</td><td></td></tr><tr><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES AND EQUITY</td><td></td><td></td><td></td></tr><tr><td>Short-term borrowings and current portion of long-term debt Short-term borrowings and current portion of long-term debt Short-term borrowings and current portion of long-term debt</td><td>$</td><td>25</td><td></td><td></td><td>$</td><td>89</td><td></td></tr><tr><td>Accounts payable</td><td>522</td><td></td><td></td><td>639</td><td></td></tr><tr><td>Other current liabilities</td><td>422</td><td></td><td></td><td>420</td><td></td></tr><tr><td>Total current liabilities</td><td>969</td><td></td><td></td><td>1,148</td><td></td></tr><tr><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt</td><td>963</td><td></td><td></td><td>709</td><td></td></tr><tr><td>Retirement-related liabilities</td><td>112</td><td></td><td></td><td>132</td><td></td></tr><tr><td>Other non-current liabilities</td><td>150</td><td></td><td></td><td>165</td><td></td></tr><tr><td>Total liabilities</td><td>2,194</td><td></td><td></td><td>2,154</td><td></td></tr><tr><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (see Note 18)</td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td></tr><tr><td>Capital stock:</td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 0.01 par value; authorized shares: 200,000,000 ; issued shares: (2024 - 47,013,661 , 2023 - 47,013,661 ); outstanding shares: (2024 - 41,643,883 , 2023 - 46,164,536 ) Common stock, $ 0.01 par value; authorized shares: 200,000,000 ; issued shares: (2024 - 47,013,661 , 2023 - 47,013,661 ); outstanding shares: (2024 - 41,643,883 , 2023 - 46,164,536 )</td><td>1</td><td></td><td></td><td>1</td><td></td></tr><tr><td></td><td></td><td></td><td></td></tr><tr><td>Additional paid-in capital</td><td>1,976</td><td></td><td></td><td>2,031</td><td></td></tr><tr><td>Retained earnings</td><td>44</td><td></td><td></td><td>9</td><td></td></tr><tr><td>Accumulated other comprehensive loss</td><td>( 217 )</td><td></td><td></td><td>( 131 )</td><td></td></tr><tr><td>Treasury stock, at cost: (2024 - 5,369,778 shares, 2023 - 849,125 shares) Treasury stock, at cost: (2024 - 5,369,778 shares, 2023 - 849,125 shares)</td><td>( 230 )</td><td></td><td></td><td>( 23 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td></tr><tr><td>Total equity</td><td>1,574</td><td></td><td></td><td>1,887</td><td></td></tr><tr><td>Total liabilities and equity</td><td>$</td><td>3,768</td><td></td><td></td><td>$</td><td>4,041</td><td></td></tr></table>
table
3768
monetaryItemType
table: <entity> 3768 </entity> <entity type> monetaryItemType </entity type> <context> Total assets | $ | 3,768 | $ | 4,041 </context>
us-gaap:LiabilitiesAndStockholdersEquity
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>December 31,</td></tr><tr><td>(in millions, except share and per share amounts)</td><td>2024</td><td></td><td>2023</td></tr><tr><td>ASSETS</td><td></td><td></td><td></td></tr><tr><td>Cash and cash equivalents</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td></tr><tr><td>Receivables, net</td><td>817</td><td></td><td></td><td>1,017</td><td></td></tr><tr><td>Inventories</td><td>444</td><td></td><td></td><td>487</td><td></td></tr><tr><td>Prepayments and other current assets</td><td>96</td><td></td><td></td><td>58</td><td></td></tr><tr><td>Total current assets</td><td>1,841</td><td></td><td></td><td>1,927</td><td></td></tr><tr><td></td><td></td><td></td><td></td></tr><tr><td>Property, plant and equipment, net</td><td>843</td><td></td><td></td><td>921</td><td></td></tr><tr><td>Investments and long-term receivables</td><td>111</td><td></td><td></td><td>115</td><td></td></tr><tr><td>Goodwill</td><td>471</td><td></td><td></td><td>499</td><td></td></tr><tr><td>Other intangible assets, net</td><td>374</td><td></td><td></td><td>417</td><td></td></tr><tr><td>Other non-current assets</td><td>128</td><td></td><td></td><td>162</td><td></td></tr><tr><td>Total assets</td><td>$</td><td>3,768</td><td></td><td></td><td>$</td><td>4,041</td><td></td></tr><tr><td></td><td></td><td></td><td></td></tr><tr><td>LIABILITIES AND EQUITY</td><td></td><td></td><td></td></tr><tr><td>Short-term borrowings and current portion of long-term debt Short-term borrowings and current portion of long-term debt Short-term borrowings and current portion of long-term debt</td><td>$</td><td>25</td><td></td><td></td><td>$</td><td>89</td><td></td></tr><tr><td>Accounts payable</td><td>522</td><td></td><td></td><td>639</td><td></td></tr><tr><td>Other current liabilities</td><td>422</td><td></td><td></td><td>420</td><td></td></tr><tr><td>Total current liabilities</td><td>969</td><td></td><td></td><td>1,148</td><td></td></tr><tr><td></td><td></td><td></td><td></td></tr><tr><td>Long-term debt</td><td>963</td><td></td><td></td><td>709</td><td></td></tr><tr><td>Retirement-related liabilities</td><td>112</td><td></td><td></td><td>132</td><td></td></tr><tr><td>Other non-current liabilities</td><td>150</td><td></td><td></td><td>165</td><td></td></tr><tr><td>Total liabilities</td><td>2,194</td><td></td><td></td><td>2,154</td><td></td></tr><tr><td></td><td></td><td></td><td></td></tr><tr><td>Commitments and contingencies (see Note 18)</td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td></tr><tr><td>Capital stock:</td><td></td><td></td><td></td></tr><tr><td>Common stock, $ 0.01 par value; authorized shares: 200,000,000 ; issued shares: (2024 - 47,013,661 , 2023 - 47,013,661 ); outstanding shares: (2024 - 41,643,883 , 2023 - 46,164,536 ) Common stock, $ 0.01 par value; authorized shares: 200,000,000 ; issued shares: (2024 - 47,013,661 , 2023 - 47,013,661 ); outstanding shares: (2024 - 41,643,883 , 2023 - 46,164,536 )</td><td>1</td><td></td><td></td><td>1</td><td></td></tr><tr><td></td><td></td><td></td><td></td></tr><tr><td>Additional paid-in capital</td><td>1,976</td><td></td><td></td><td>2,031</td><td></td></tr><tr><td>Retained earnings</td><td>44</td><td></td><td></td><td>9</td><td></td></tr><tr><td>Accumulated other comprehensive loss</td><td>( 217 )</td><td></td><td></td><td>( 131 )</td><td></td></tr><tr><td>Treasury stock, at cost: (2024 - 5,369,778 shares, 2023 - 849,125 shares) Treasury stock, at cost: (2024 - 5,369,778 shares, 2023 - 849,125 shares)</td><td>( 230 )</td><td></td><td></td><td>( 23 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td></tr><tr><td>Total equity</td><td>1,574</td><td></td><td></td><td>1,887</td><td></td></tr><tr><td>Total liabilities and equity</td><td>$</td><td>3,768</td><td></td><td></td><td>$</td><td>4,041</td><td></td></tr></table>
table
4041
monetaryItemType
table: <entity> 4041 </entity> <entity type> monetaryItemType </entity type> <context> Total assets | $ | 3,768 | $ | 4,041 </context>
us-gaap:LiabilitiesAndStockholdersEquity
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
3403
monetaryItemType
table: <entity> 3403 </entity> <entity type> monetaryItemType </entity type> <context> Net sales | $ | 3,403 | $ | 3,500 | $ | 3,348 </context>
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
3500
monetaryItemType
table: <entity> 3500 </entity> <entity type> monetaryItemType </entity type> <context> Net sales | $ | 3,403 | $ | 3,500 | $ | 3,348 </context>
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
3348
monetaryItemType
table: <entity> 3348 </entity> <entity type> monetaryItemType </entity type> <context> Net sales | $ | 3,403 | $ | 3,500 | $ | 3,348 </context>
us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
2647
monetaryItemType
table: <entity> 2647 </entity> <entity type> monetaryItemType </entity type> <context> Cost of sales | 2,647 | 2,776 | 2,627 </context>
us-gaap:CostOfGoodsAndServicesSold
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
2776
monetaryItemType
table: <entity> 2776 </entity> <entity type> monetaryItemType </entity type> <context> Cost of sales | 2,647 | 2,776 | 2,627 </context>
us-gaap:CostOfGoodsAndServicesSold
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
2627
monetaryItemType
table: <entity> 2627 </entity> <entity type> monetaryItemType </entity type> <context> Cost of sales | 2,647 | 2,776 | 2,627 </context>
us-gaap:CostOfGoodsAndServicesSold
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
756
monetaryItemType
table: <entity> 756 </entity> <entity type> monetaryItemType </entity type> <context> Gross profit | 756 | 724 | 721 </context>
us-gaap:GrossProfit
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
724
monetaryItemType
table: <entity> 724 </entity> <entity type> monetaryItemType </entity type> <context> Gross profit | 756 | 724 | 721 </context>
us-gaap:GrossProfit
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
721
monetaryItemType
table: <entity> 721 </entity> <entity type> monetaryItemType </entity type> <context> Gross profit | 756 | 724 | 721 </context>
us-gaap:GrossProfit
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
442
monetaryItemType
table: <entity> 442 </entity> <entity type> monetaryItemType </entity type> <context> Selling, general and administrative expenses | 442 | 413 | 407 </context>
us-gaap:SellingGeneralAndAdministrativeExpense
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
413
monetaryItemType
table: <entity> 413 </entity> <entity type> monetaryItemType </entity type> <context> Selling, general and administrative expenses | 442 | 413 | 407 </context>
us-gaap:SellingGeneralAndAdministrativeExpense
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
407
monetaryItemType
table: <entity> 407 </entity> <entity type> monetaryItemType </entity type> <context> Selling, general and administrative expenses | 442 | 413 | 407 </context>
us-gaap:SellingGeneralAndAdministrativeExpense
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
55
monetaryItemType
table: <entity> 55 </entity> <entity type> monetaryItemType </entity type> <context> Other operating expense (income), net | 55 | 70 | ( 4 ) </context>
us-gaap:OtherOperatingIncomeExpenseNet
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
70
monetaryItemType
table: <entity> 70 </entity> <entity type> monetaryItemType </entity type> <context> Other operating expense (income), net | 55 | 70 | ( 4 ) </context>
us-gaap:OtherOperatingIncomeExpenseNet
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
4
monetaryItemType
table: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:OtherOperatingIncomeExpenseNet
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
259
monetaryItemType
table: <entity> 259 </entity> <entity type> monetaryItemType </entity type> <context> Operating income | 259 | 241 | 318 </context>
us-gaap:OperatingIncomeLoss
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
241
monetaryItemType
table: <entity> 241 </entity> <entity type> monetaryItemType </entity type> <context> Operating income | 259 | 241 | 318 </context>
us-gaap:OperatingIncomeLoss
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
318
monetaryItemType
table: <entity> 318 </entity> <entity type> monetaryItemType </entity type> <context> Operating income | 259 | 241 | 318 </context>
us-gaap:OperatingIncomeLoss
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
11
monetaryItemType
table: <entity> 11 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:IncomeLossFromEquityMethodInvestments
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
10
monetaryItemType
table: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:IncomeLossFromEquityMethodInvestments
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
99
monetaryItemType
table: <entity> 99 </entity> <entity type> monetaryItemType </entity type> <context> Interest expense | 99 | 56 | 20 </context>
us-gaap:InterestAndDebtExpense
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
56
monetaryItemType
table: <entity> 56 </entity> <entity type> monetaryItemType </entity type> <context> Interest expense | 99 | 56 | 20 </context>
us-gaap:InterestAndDebtExpense
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
20
monetaryItemType
table: <entity> 20 </entity> <entity type> monetaryItemType </entity type> <context> Interest expense | 99 | 56 | 20 </context>
us-gaap:InterestAndDebtExpense
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
16
monetaryItemType
table: <entity> 16 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:InvestmentIncomeInterest
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
13
monetaryItemType
table: <entity> 13 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:InvestmentIncomeInterest
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
6
monetaryItemType
table: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:InvestmentIncomeInterest
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
—
monetaryItemType
table: <entity> — </entity> <entity type> monetaryItemType </entity type> <context> Other postretirement expense (income) | — | 2 | ( 32 ) </context>
us-gaap:NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
2
monetaryItemType
table: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> Other postretirement expense (income) | — | 2 | ( 32 ) </context>
us-gaap:NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
32
monetaryItemType
table: <entity> 32 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
187
monetaryItemType
table: <entity> 187 </entity> <entity type> monetaryItemType </entity type> <context> Earnings before income taxes | 187 | 206 | 347 </context>
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
206
monetaryItemType
table: <entity> 206 </entity> <entity type> monetaryItemType </entity type> <context> Earnings before income taxes | 187 | 206 | 347 </context>
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
347
monetaryItemType
table: <entity> 347 </entity> <entity type> monetaryItemType </entity type> <context> Earnings before income taxes | 187 | 206 | 347 </context>
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
108
monetaryItemType
table: <entity> 108 </entity> <entity type> monetaryItemType </entity type> <context> Provision for income taxes | 108 | 104 | 85 </context>
us-gaap:IncomeTaxExpenseBenefit
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
104
monetaryItemType
table: <entity> 104 </entity> <entity type> monetaryItemType </entity type> <context> Provision for income taxes | 108 | 104 | 85 </context>
us-gaap:IncomeTaxExpenseBenefit
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
85
monetaryItemType
table: <entity> 85 </entity> <entity type> monetaryItemType </entity type> <context> Provision for income taxes | 108 | 104 | 85 </context>
us-gaap:IncomeTaxExpenseBenefit
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
79
monetaryItemType
table: <entity> 79 </entity> <entity type> monetaryItemType </entity type> <context> Net earnings | $ | 79 | $ | 102 | $ | 262 </context>
us-gaap:NetIncomeLoss
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
102
monetaryItemType
table: <entity> 102 </entity> <entity type> monetaryItemType </entity type> <context> Net earnings | $ | 79 | $ | 102 | $ | 262 </context>
us-gaap:NetIncomeLoss
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
262
monetaryItemType
table: <entity> 262 </entity> <entity type> monetaryItemType </entity type> <context> Net earnings | $ | 79 | $ | 102 | $ | 262 </context>
us-gaap:NetIncomeLoss
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
1.80
perShareItemType
table: <entity> 1.80 </entity> <entity type> perShareItemType </entity type> <context> Earnings per share — basic | $ | 1.80 | $ | 2.17 | $ | 5.57 </context>
us-gaap:EarningsPerShareBasic
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
2.17
perShareItemType
table: <entity> 2.17 </entity> <entity type> perShareItemType </entity type> <context> Earnings per share — basic | $ | 1.80 | $ | 2.17 | $ | 5.57 </context>
us-gaap:EarningsPerShareBasic
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
5.57
perShareItemType
table: <entity> 5.57 </entity> <entity type> perShareItemType </entity type> <context> Earnings per share — basic | $ | 1.80 | $ | 2.17 | $ | 5.57 </context>
us-gaap:EarningsPerShareBasic
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
1.76
perShareItemType
table: <entity> 1.76 </entity> <entity type> perShareItemType </entity type> <context> Earnings per share — diluted | $ | 1.76 | $ | 2.17 | $ | 5.57 </context>
us-gaap:EarningsPerShareDiluted
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
2.17
perShareItemType
table: <entity> 2.17 </entity> <entity type> perShareItemType </entity type> <context> Earnings per share — basic | $ | 1.80 | $ | 2.17 | $ | 5.57 </context>
us-gaap:EarningsPerShareDiluted
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
5.57
perShareItemType
table: <entity> 5.57 </entity> <entity type> perShareItemType </entity type> <context> Earnings per share — basic | $ | 1.80 | $ | 2.17 | $ | 5.57 </context>
us-gaap:EarningsPerShareDiluted
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
44.0
sharesItemType
table: <entity> 44.0 </entity> <entity type> sharesItemType </entity type> <context> Basic | 44.0 | 46.9 | 47.0 </context>
us-gaap:WeightedAverageNumberOfSharesOutstandingBasic
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
46.9
sharesItemType
table: <entity> 46.9 </entity> <entity type> sharesItemType </entity type> <context> Basic | 44.0 | 46.9 | 47.0 </context>
us-gaap:WeightedAverageNumberOfSharesOutstandingBasic
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
47.0
sharesItemType
table: <entity> 47.0 </entity> <entity type> sharesItemType </entity type> <context> Basic | 44.0 | 46.9 | 47.0 </context>
us-gaap:WeightedAverageNumberOfSharesOutstandingBasic
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
44.8
sharesItemType
table: <entity> 44.8 </entity> <entity type> sharesItemType </entity type> <context> Diluted | 44.8 | 47.0 | 47.0 </context>
us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions, except per share amounts)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net sales</td><td>$</td><td>3,403</td><td></td><td></td><td>$</td><td>3,500</td><td></td><td></td><td>$</td><td>3,348</td><td></td></tr><tr><td>Cost of sales</td><td>2,647</td><td></td><td></td><td>2,776</td><td></td><td></td><td>2,627</td><td></td></tr><tr><td>Gross profit</td><td>756</td><td></td><td></td><td>724</td><td></td><td></td><td>721</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Selling, general and administrative expenses</td><td>442</td><td></td><td></td><td>413</td><td></td><td></td><td>407</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other operating expense (income), net</td><td>55</td><td></td><td></td><td>70</td><td></td><td></td><td>( 4 )</td><td></td></tr><tr><td>Operating income</td><td>259</td><td></td><td></td><td>241</td><td></td><td></td><td>318</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Equity in affiliates’ earnings, net of tax</td><td>( 11 )</td><td></td><td></td><td>( 10 )</td><td></td><td></td><td>( 11 )</td><td></td></tr><tr><td>Interest expense</td><td>99</td><td></td><td></td><td>56</td><td></td><td></td><td>20</td><td></td></tr><tr><td>Interest income</td><td>( 16 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 6 )</td><td></td></tr><tr><td>Other postretirement expense (income)</td><td>—</td><td></td><td></td><td>2</td><td></td><td></td><td>( 32 )</td><td></td></tr><tr><td>Earnings before income taxes</td><td>187</td><td></td><td></td><td>206</td><td></td><td></td><td>347</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Provision for income taxes</td><td>108</td><td></td><td></td><td>104</td><td></td><td></td><td>85</td><td></td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td></td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — basic</td><td>$</td><td>1.80</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Earnings per share — diluted</td><td>$</td><td>1.76</td><td></td><td></td><td>$</td><td>2.17</td><td></td><td></td><td>$</td><td>5.57</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Weighted average shares outstanding:</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Basic</td><td>44.0</td><td></td><td></td><td>46.9</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td>Diluted</td><td>44.8</td><td></td><td></td><td>47.0</td><td></td><td></td><td>47.0</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
47.0
sharesItemType
table: <entity> 47.0 </entity> <entity type> sharesItemType </entity type> <context> Basic | 44.0 | 46.9 | 47.0 </context>
us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td> </td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other comprehensive loss</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Foreign currency translation adjustments 1 Foreign currency translation adjustments 1</td><td>( 95 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 90 )</td><td></td></tr><tr><td>Defined benefit postretirement plans 1 Defined benefit postretirement plans 1</td><td>9</td><td></td><td></td><td>( 27 )</td><td></td><td></td><td>( 65 )</td><td></td></tr><tr><td>Hedge instruments 1 Hedge instruments 1</td><td>—</td><td></td><td></td><td>( 3 )</td><td></td><td></td><td>5</td><td></td></tr><tr><td>Total other comprehensive loss</td><td>( 86 )</td><td></td><td></td><td>( 43 )</td><td></td><td></td><td>( 150 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Comprehensive (loss) income</td><td>$</td><td>( 7 )</td><td></td><td></td><td>$</td><td>59</td><td></td><td></td><td>$</td><td>112</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
79
monetaryItemType
table: <entity> 79 </entity> <entity type> monetaryItemType </entity type> <context> Net earnings | $ | 79 | $ | 102 | $ | 262 </context>
us-gaap:NetIncomeLoss
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td> </td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other comprehensive loss</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Foreign currency translation adjustments 1 Foreign currency translation adjustments 1</td><td>( 95 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 90 )</td><td></td></tr><tr><td>Defined benefit postretirement plans 1 Defined benefit postretirement plans 1</td><td>9</td><td></td><td></td><td>( 27 )</td><td></td><td></td><td>( 65 )</td><td></td></tr><tr><td>Hedge instruments 1 Hedge instruments 1</td><td>—</td><td></td><td></td><td>( 3 )</td><td></td><td></td><td>5</td><td></td></tr><tr><td>Total other comprehensive loss</td><td>( 86 )</td><td></td><td></td><td>( 43 )</td><td></td><td></td><td>( 150 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Comprehensive (loss) income</td><td>$</td><td>( 7 )</td><td></td><td></td><td>$</td><td>59</td><td></td><td></td><td>$</td><td>112</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
102
monetaryItemType
table: <entity> 102 </entity> <entity type> monetaryItemType </entity type> <context> Net earnings | $ | 79 | $ | 102 | $ | 262 </context>
us-gaap:NetIncomeLoss
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td> </td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other comprehensive loss</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Foreign currency translation adjustments 1 Foreign currency translation adjustments 1</td><td>( 95 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 90 )</td><td></td></tr><tr><td>Defined benefit postretirement plans 1 Defined benefit postretirement plans 1</td><td>9</td><td></td><td></td><td>( 27 )</td><td></td><td></td><td>( 65 )</td><td></td></tr><tr><td>Hedge instruments 1 Hedge instruments 1</td><td>—</td><td></td><td></td><td>( 3 )</td><td></td><td></td><td>5</td><td></td></tr><tr><td>Total other comprehensive loss</td><td>( 86 )</td><td></td><td></td><td>( 43 )</td><td></td><td></td><td>( 150 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Comprehensive (loss) income</td><td>$</td><td>( 7 )</td><td></td><td></td><td>$</td><td>59</td><td></td><td></td><td>$</td><td>112</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
262
monetaryItemType
table: <entity> 262 </entity> <entity type> monetaryItemType </entity type> <context> Net earnings | $ | 79 | $ | 102 | $ | 262 </context>
us-gaap:NetIncomeLoss
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td> </td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other comprehensive loss</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Foreign currency translation adjustments 1 Foreign currency translation adjustments 1</td><td>( 95 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 90 )</td><td></td></tr><tr><td>Defined benefit postretirement plans 1 Defined benefit postretirement plans 1</td><td>9</td><td></td><td></td><td>( 27 )</td><td></td><td></td><td>( 65 )</td><td></td></tr><tr><td>Hedge instruments 1 Hedge instruments 1</td><td>—</td><td></td><td></td><td>( 3 )</td><td></td><td></td><td>5</td><td></td></tr><tr><td>Total other comprehensive loss</td><td>( 86 )</td><td></td><td></td><td>( 43 )</td><td></td><td></td><td>( 150 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Comprehensive (loss) income</td><td>$</td><td>( 7 )</td><td></td><td></td><td>$</td><td>59</td><td></td><td></td><td>$</td><td>112</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
95
monetaryItemType
table: <entity> 95 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td> </td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other comprehensive loss</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Foreign currency translation adjustments 1 Foreign currency translation adjustments 1</td><td>( 95 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 90 )</td><td></td></tr><tr><td>Defined benefit postretirement plans 1 Defined benefit postretirement plans 1</td><td>9</td><td></td><td></td><td>( 27 )</td><td></td><td></td><td>( 65 )</td><td></td></tr><tr><td>Hedge instruments 1 Hedge instruments 1</td><td>—</td><td></td><td></td><td>( 3 )</td><td></td><td></td><td>5</td><td></td></tr><tr><td>Total other comprehensive loss</td><td>( 86 )</td><td></td><td></td><td>( 43 )</td><td></td><td></td><td>( 150 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Comprehensive (loss) income</td><td>$</td><td>( 7 )</td><td></td><td></td><td>$</td><td>59</td><td></td><td></td><td>$</td><td>112</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
13
monetaryItemType
table: <entity> 13 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td> </td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other comprehensive loss</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Foreign currency translation adjustments 1 Foreign currency translation adjustments 1</td><td>( 95 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 90 )</td><td></td></tr><tr><td>Defined benefit postretirement plans 1 Defined benefit postretirement plans 1</td><td>9</td><td></td><td></td><td>( 27 )</td><td></td><td></td><td>( 65 )</td><td></td></tr><tr><td>Hedge instruments 1 Hedge instruments 1</td><td>—</td><td></td><td></td><td>( 3 )</td><td></td><td></td><td>5</td><td></td></tr><tr><td>Total other comprehensive loss</td><td>( 86 )</td><td></td><td></td><td>( 43 )</td><td></td><td></td><td>( 150 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Comprehensive (loss) income</td><td>$</td><td>( 7 )</td><td></td><td></td><td>$</td><td>59</td><td></td><td></td><td>$</td><td>112</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
90
monetaryItemType
table: <entity> 90 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td> </td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other comprehensive loss</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Foreign currency translation adjustments 1 Foreign currency translation adjustments 1</td><td>( 95 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 90 )</td><td></td></tr><tr><td>Defined benefit postretirement plans 1 Defined benefit postretirement plans 1</td><td>9</td><td></td><td></td><td>( 27 )</td><td></td><td></td><td>( 65 )</td><td></td></tr><tr><td>Hedge instruments 1 Hedge instruments 1</td><td>—</td><td></td><td></td><td>( 3 )</td><td></td><td></td><td>5</td><td></td></tr><tr><td>Total other comprehensive loss</td><td>( 86 )</td><td></td><td></td><td>( 43 )</td><td></td><td></td><td>( 150 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Comprehensive (loss) income</td><td>$</td><td>( 7 )</td><td></td><td></td><td>$</td><td>59</td><td></td><td></td><td>$</td><td>112</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
9
monetaryItemType
table: <entity> 9 </entity> <entity type> monetaryItemType </entity type> <context> Defined benefit postretirement plans 1 Defined benefit postretirement plans 1 | 9 | ( 27 ) | ( 65 ) </context>
us-gaap:OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td> </td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other comprehensive loss</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Foreign currency translation adjustments 1 Foreign currency translation adjustments 1</td><td>( 95 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 90 )</td><td></td></tr><tr><td>Defined benefit postretirement plans 1 Defined benefit postretirement plans 1</td><td>9</td><td></td><td></td><td>( 27 )</td><td></td><td></td><td>( 65 )</td><td></td></tr><tr><td>Hedge instruments 1 Hedge instruments 1</td><td>—</td><td></td><td></td><td>( 3 )</td><td></td><td></td><td>5</td><td></td></tr><tr><td>Total other comprehensive loss</td><td>( 86 )</td><td></td><td></td><td>( 43 )</td><td></td><td></td><td>( 150 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Comprehensive (loss) income</td><td>$</td><td>( 7 )</td><td></td><td></td><td>$</td><td>59</td><td></td><td></td><td>$</td><td>112</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
27
monetaryItemType
table: <entity> 27 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td> </td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other comprehensive loss</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Foreign currency translation adjustments 1 Foreign currency translation adjustments 1</td><td>( 95 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 90 )</td><td></td></tr><tr><td>Defined benefit postretirement plans 1 Defined benefit postretirement plans 1</td><td>9</td><td></td><td></td><td>( 27 )</td><td></td><td></td><td>( 65 )</td><td></td></tr><tr><td>Hedge instruments 1 Hedge instruments 1</td><td>—</td><td></td><td></td><td>( 3 )</td><td></td><td></td><td>5</td><td></td></tr><tr><td>Total other comprehensive loss</td><td>( 86 )</td><td></td><td></td><td>( 43 )</td><td></td><td></td><td>( 150 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Comprehensive (loss) income</td><td>$</td><td>( 7 )</td><td></td><td></td><td>$</td><td>59</td><td></td><td></td><td>$</td><td>112</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
65
monetaryItemType
table: <entity> 65 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td> </td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other comprehensive loss</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Foreign currency translation adjustments 1 Foreign currency translation adjustments 1</td><td>( 95 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 90 )</td><td></td></tr><tr><td>Defined benefit postretirement plans 1 Defined benefit postretirement plans 1</td><td>9</td><td></td><td></td><td>( 27 )</td><td></td><td></td><td>( 65 )</td><td></td></tr><tr><td>Hedge instruments 1 Hedge instruments 1</td><td>—</td><td></td><td></td><td>( 3 )</td><td></td><td></td><td>5</td><td></td></tr><tr><td>Total other comprehensive loss</td><td>( 86 )</td><td></td><td></td><td>( 43 )</td><td></td><td></td><td>( 150 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Comprehensive (loss) income</td><td>$</td><td>( 7 )</td><td></td><td></td><td>$</td><td>59</td><td></td><td></td><td>$</td><td>112</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
—
monetaryItemType
table: <entity> — </entity> <entity type> monetaryItemType </entity type> <context> Hedge instruments 1 Hedge instruments 1 | — | ( 3 ) | 5 </context>
us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td> </td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other comprehensive loss</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Foreign currency translation adjustments 1 Foreign currency translation adjustments 1</td><td>( 95 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 90 )</td><td></td></tr><tr><td>Defined benefit postretirement plans 1 Defined benefit postretirement plans 1</td><td>9</td><td></td><td></td><td>( 27 )</td><td></td><td></td><td>( 65 )</td><td></td></tr><tr><td>Hedge instruments 1 Hedge instruments 1</td><td>—</td><td></td><td></td><td>( 3 )</td><td></td><td></td><td>5</td><td></td></tr><tr><td>Total other comprehensive loss</td><td>( 86 )</td><td></td><td></td><td>( 43 )</td><td></td><td></td><td>( 150 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Comprehensive (loss) income</td><td>$</td><td>( 7 )</td><td></td><td></td><td>$</td><td>59</td><td></td><td></td><td>$</td><td>112</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
3
monetaryItemType
table: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td> </td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other comprehensive loss</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Foreign currency translation adjustments 1 Foreign currency translation adjustments 1</td><td>( 95 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 90 )</td><td></td></tr><tr><td>Defined benefit postretirement plans 1 Defined benefit postretirement plans 1</td><td>9</td><td></td><td></td><td>( 27 )</td><td></td><td></td><td>( 65 )</td><td></td></tr><tr><td>Hedge instruments 1 Hedge instruments 1</td><td>—</td><td></td><td></td><td>( 3 )</td><td></td><td></td><td>5</td><td></td></tr><tr><td>Total other comprehensive loss</td><td>( 86 )</td><td></td><td></td><td>( 43 )</td><td></td><td></td><td>( 150 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Comprehensive (loss) income</td><td>$</td><td>( 7 )</td><td></td><td></td><td>$</td><td>59</td><td></td><td></td><td>$</td><td>112</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
5
monetaryItemType
table: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> Hedge instruments 1 Hedge instruments 1 | — | ( 3 ) | 5 </context>
us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td> </td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other comprehensive loss</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Foreign currency translation adjustments 1 Foreign currency translation adjustments 1</td><td>( 95 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 90 )</td><td></td></tr><tr><td>Defined benefit postretirement plans 1 Defined benefit postretirement plans 1</td><td>9</td><td></td><td></td><td>( 27 )</td><td></td><td></td><td>( 65 )</td><td></td></tr><tr><td>Hedge instruments 1 Hedge instruments 1</td><td>—</td><td></td><td></td><td>( 3 )</td><td></td><td></td><td>5</td><td></td></tr><tr><td>Total other comprehensive loss</td><td>( 86 )</td><td></td><td></td><td>( 43 )</td><td></td><td></td><td>( 150 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Comprehensive (loss) income</td><td>$</td><td>( 7 )</td><td></td><td></td><td>$</td><td>59</td><td></td><td></td><td>$</td><td>112</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
86
monetaryItemType
table: <entity> 86 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td> </td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other comprehensive loss</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Foreign currency translation adjustments 1 Foreign currency translation adjustments 1</td><td>( 95 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 90 )</td><td></td></tr><tr><td>Defined benefit postretirement plans 1 Defined benefit postretirement plans 1</td><td>9</td><td></td><td></td><td>( 27 )</td><td></td><td></td><td>( 65 )</td><td></td></tr><tr><td>Hedge instruments 1 Hedge instruments 1</td><td>—</td><td></td><td></td><td>( 3 )</td><td></td><td></td><td>5</td><td></td></tr><tr><td>Total other comprehensive loss</td><td>( 86 )</td><td></td><td></td><td>( 43 )</td><td></td><td></td><td>( 150 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Comprehensive (loss) income</td><td>$</td><td>( 7 )</td><td></td><td></td><td>$</td><td>59</td><td></td><td></td><td>$</td><td>112</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
43
monetaryItemType
table: <entity> 43 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td> </td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other comprehensive loss</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Foreign currency translation adjustments 1 Foreign currency translation adjustments 1</td><td>( 95 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 90 )</td><td></td></tr><tr><td>Defined benefit postretirement plans 1 Defined benefit postretirement plans 1</td><td>9</td><td></td><td></td><td>( 27 )</td><td></td><td></td><td>( 65 )</td><td></td></tr><tr><td>Hedge instruments 1 Hedge instruments 1</td><td>—</td><td></td><td></td><td>( 3 )</td><td></td><td></td><td>5</td><td></td></tr><tr><td>Total other comprehensive loss</td><td>( 86 )</td><td></td><td></td><td>( 43 )</td><td></td><td></td><td>( 150 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Comprehensive (loss) income</td><td>$</td><td>( 7 )</td><td></td><td></td><td>$</td><td>59</td><td></td><td></td><td>$</td><td>112</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
150
monetaryItemType
table: <entity> 150 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td> </td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other comprehensive loss</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Foreign currency translation adjustments 1 Foreign currency translation adjustments 1</td><td>( 95 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 90 )</td><td></td></tr><tr><td>Defined benefit postretirement plans 1 Defined benefit postretirement plans 1</td><td>9</td><td></td><td></td><td>( 27 )</td><td></td><td></td><td>( 65 )</td><td></td></tr><tr><td>Hedge instruments 1 Hedge instruments 1</td><td>—</td><td></td><td></td><td>( 3 )</td><td></td><td></td><td>5</td><td></td></tr><tr><td>Total other comprehensive loss</td><td>( 86 )</td><td></td><td></td><td>( 43 )</td><td></td><td></td><td>( 150 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Comprehensive (loss) income</td><td>$</td><td>( 7 )</td><td></td><td></td><td>$</td><td>59</td><td></td><td></td><td>$</td><td>112</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
7
monetaryItemType
table: <entity> 7 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:ComprehensiveIncomeNetOfTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td> </td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other comprehensive loss</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Foreign currency translation adjustments 1 Foreign currency translation adjustments 1</td><td>( 95 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 90 )</td><td></td></tr><tr><td>Defined benefit postretirement plans 1 Defined benefit postretirement plans 1</td><td>9</td><td></td><td></td><td>( 27 )</td><td></td><td></td><td>( 65 )</td><td></td></tr><tr><td>Hedge instruments 1 Hedge instruments 1</td><td>—</td><td></td><td></td><td>( 3 )</td><td></td><td></td><td>5</td><td></td></tr><tr><td>Total other comprehensive loss</td><td>( 86 )</td><td></td><td></td><td>( 43 )</td><td></td><td></td><td>( 150 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Comprehensive (loss) income</td><td>$</td><td>( 7 )</td><td></td><td></td><td>$</td><td>59</td><td></td><td></td><td>$</td><td>112</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
59
monetaryItemType
table: <entity> 59 </entity> <entity type> monetaryItemType </entity type> <context> Comprehensive (loss) income | $ | ( 7 ) | $ | 59 | $ | 112 </context>
us-gaap:ComprehensiveIncomeNetOfTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME</td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>Net earnings</td><td>$</td><td>79</td><td></td><td> </td><td>$</td><td>102</td><td></td><td></td><td>$</td><td>262</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Other comprehensive loss</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Foreign currency translation adjustments 1 Foreign currency translation adjustments 1</td><td>( 95 )</td><td></td><td></td><td>( 13 )</td><td></td><td></td><td>( 90 )</td><td></td></tr><tr><td>Defined benefit postretirement plans 1 Defined benefit postretirement plans 1</td><td>9</td><td></td><td></td><td>( 27 )</td><td></td><td></td><td>( 65 )</td><td></td></tr><tr><td>Hedge instruments 1 Hedge instruments 1</td><td>—</td><td></td><td></td><td>( 3 )</td><td></td><td></td><td>5</td><td></td></tr><tr><td>Total other comprehensive loss</td><td>( 86 )</td><td></td><td></td><td>( 43 )</td><td></td><td></td><td>( 150 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Comprehensive (loss) income</td><td>$</td><td>( 7 )</td><td></td><td></td><td>$</td><td>59</td><td></td><td></td><td>$</td><td>112</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
112
monetaryItemType
table: <entity> 112 </entity> <entity type> monetaryItemType </entity type> <context> Comprehensive (loss) income | $ | ( 7 ) | $ | 59 | $ | 112 </context>
us-gaap:ComprehensiveIncomeNetOfTax
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>OPERATING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities (see Note 23)</td><td>$</td><td>308</td><td></td><td></td><td>$</td><td>250</td><td></td><td></td><td>$</td><td>303</td><td></td></tr><tr><td>INVESTING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital expenditures, including tooling outlays</td><td>( 105 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 107 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance proceeds received for damage to property, plant and equipment</td><td>3</td><td></td><td></td><td>—</td><td></td><td></td><td>—</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for investment in equity securities</td><td>( 1 )</td><td></td><td></td><td>( 2 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Proceeds from asset disposals and other, net</td><td>2</td><td></td><td></td><td>2</td><td></td><td></td><td>2</td><td></td></tr><tr><td>Net cash used in investing activities</td><td>( 101 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 105 )</td><td></td></tr><tr><td>FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Proceeds from issuance of long-term debt, net of discount</td><td>975</td><td></td><td></td><td>708</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for debt issuance costs</td><td>( 15 )</td><td></td><td></td><td>( 14 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>(Repayments) borrowings under Revolving Facility</td><td>( 75 )</td><td></td><td></td><td>75</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Repayments of debt, including current portion</td><td>( 722 )</td><td></td><td></td><td>( 4 )</td><td></td><td></td><td>( 1 )</td><td></td></tr><tr><td>Cash outflows related to debt due to Former Parent</td><td>—</td><td></td><td></td><td>( 728 )</td><td></td><td></td><td>( 117 )</td><td></td></tr><tr><td>Cash inflows related to debt due from Former Parent</td><td>—</td><td></td><td></td><td>36</td><td></td><td></td><td>140</td><td></td></tr><tr><td>Purchase of noncontrolling interest</td><td>—</td><td></td><td></td><td>—</td><td></td><td></td><td>( 3 )</td><td></td></tr><tr><td>Dividends paid to PHINIA Inc. stockholders</td><td>( 44 )</td><td></td><td></td><td>( 23 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for purchase of treasury stock, including excise tax</td><td>( 212 )</td><td></td><td></td><td>( 24 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net transfers to Former Parent</td><td>—</td><td></td><td></td><td>( 5 )</td><td></td><td></td><td>( 204 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for stock-based compensation items</td><td>( 3 )</td><td></td><td></td><td>( 1 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net cash (used in) provided by financing activities</td><td>( 96 )</td><td></td><td></td><td>20</td><td></td><td></td><td>( 185 )</td><td></td></tr><tr><td>Effect of exchange rate changes on cash</td><td>8</td><td></td><td></td><td>( 6 )</td><td></td><td></td><td>( 21 )</td><td></td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>119</td><td></td><td></td><td>114</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>Cash and cash equivalents at beginning of year Cash and cash equivalents at beginning of year</td><td>365</td><td></td><td></td><td>251</td><td></td><td></td><td>259</td><td></td></tr><tr><td>Cash and cash equivalents at end of year Cash and cash equivalents at end of year</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td><td></td><td>$</td><td>251</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
308
monetaryItemType
table: <entity> 308 </entity> <entity type> monetaryItemType </entity type> <context> Net cash provided by operating activities (see Note 23) | $ | 308 | $ | 250 | $ | 303 </context>
us-gaap:NetCashProvidedByUsedInOperatingActivities
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>OPERATING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities (see Note 23)</td><td>$</td><td>308</td><td></td><td></td><td>$</td><td>250</td><td></td><td></td><td>$</td><td>303</td><td></td></tr><tr><td>INVESTING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital expenditures, including tooling outlays</td><td>( 105 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 107 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance proceeds received for damage to property, plant and equipment</td><td>3</td><td></td><td></td><td>—</td><td></td><td></td><td>—</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for investment in equity securities</td><td>( 1 )</td><td></td><td></td><td>( 2 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Proceeds from asset disposals and other, net</td><td>2</td><td></td><td></td><td>2</td><td></td><td></td><td>2</td><td></td></tr><tr><td>Net cash used in investing activities</td><td>( 101 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 105 )</td><td></td></tr><tr><td>FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Proceeds from issuance of long-term debt, net of discount</td><td>975</td><td></td><td></td><td>708</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for debt issuance costs</td><td>( 15 )</td><td></td><td></td><td>( 14 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>(Repayments) borrowings under Revolving Facility</td><td>( 75 )</td><td></td><td></td><td>75</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Repayments of debt, including current portion</td><td>( 722 )</td><td></td><td></td><td>( 4 )</td><td></td><td></td><td>( 1 )</td><td></td></tr><tr><td>Cash outflows related to debt due to Former Parent</td><td>—</td><td></td><td></td><td>( 728 )</td><td></td><td></td><td>( 117 )</td><td></td></tr><tr><td>Cash inflows related to debt due from Former Parent</td><td>—</td><td></td><td></td><td>36</td><td></td><td></td><td>140</td><td></td></tr><tr><td>Purchase of noncontrolling interest</td><td>—</td><td></td><td></td><td>—</td><td></td><td></td><td>( 3 )</td><td></td></tr><tr><td>Dividends paid to PHINIA Inc. stockholders</td><td>( 44 )</td><td></td><td></td><td>( 23 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for purchase of treasury stock, including excise tax</td><td>( 212 )</td><td></td><td></td><td>( 24 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net transfers to Former Parent</td><td>—</td><td></td><td></td><td>( 5 )</td><td></td><td></td><td>( 204 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for stock-based compensation items</td><td>( 3 )</td><td></td><td></td><td>( 1 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net cash (used in) provided by financing activities</td><td>( 96 )</td><td></td><td></td><td>20</td><td></td><td></td><td>( 185 )</td><td></td></tr><tr><td>Effect of exchange rate changes on cash</td><td>8</td><td></td><td></td><td>( 6 )</td><td></td><td></td><td>( 21 )</td><td></td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>119</td><td></td><td></td><td>114</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>Cash and cash equivalents at beginning of year Cash and cash equivalents at beginning of year</td><td>365</td><td></td><td></td><td>251</td><td></td><td></td><td>259</td><td></td></tr><tr><td>Cash and cash equivalents at end of year Cash and cash equivalents at end of year</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td><td></td><td>$</td><td>251</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
250
monetaryItemType
table: <entity> 250 </entity> <entity type> monetaryItemType </entity type> <context> Net cash provided by operating activities (see Note 23) | $ | 308 | $ | 250 | $ | 303 </context>
us-gaap:NetCashProvidedByUsedInOperatingActivities
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>OPERATING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities (see Note 23)</td><td>$</td><td>308</td><td></td><td></td><td>$</td><td>250</td><td></td><td></td><td>$</td><td>303</td><td></td></tr><tr><td>INVESTING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital expenditures, including tooling outlays</td><td>( 105 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 107 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance proceeds received for damage to property, plant and equipment</td><td>3</td><td></td><td></td><td>—</td><td></td><td></td><td>—</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for investment in equity securities</td><td>( 1 )</td><td></td><td></td><td>( 2 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Proceeds from asset disposals and other, net</td><td>2</td><td></td><td></td><td>2</td><td></td><td></td><td>2</td><td></td></tr><tr><td>Net cash used in investing activities</td><td>( 101 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 105 )</td><td></td></tr><tr><td>FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Proceeds from issuance of long-term debt, net of discount</td><td>975</td><td></td><td></td><td>708</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for debt issuance costs</td><td>( 15 )</td><td></td><td></td><td>( 14 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>(Repayments) borrowings under Revolving Facility</td><td>( 75 )</td><td></td><td></td><td>75</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Repayments of debt, including current portion</td><td>( 722 )</td><td></td><td></td><td>( 4 )</td><td></td><td></td><td>( 1 )</td><td></td></tr><tr><td>Cash outflows related to debt due to Former Parent</td><td>—</td><td></td><td></td><td>( 728 )</td><td></td><td></td><td>( 117 )</td><td></td></tr><tr><td>Cash inflows related to debt due from Former Parent</td><td>—</td><td></td><td></td><td>36</td><td></td><td></td><td>140</td><td></td></tr><tr><td>Purchase of noncontrolling interest</td><td>—</td><td></td><td></td><td>—</td><td></td><td></td><td>( 3 )</td><td></td></tr><tr><td>Dividends paid to PHINIA Inc. stockholders</td><td>( 44 )</td><td></td><td></td><td>( 23 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for purchase of treasury stock, including excise tax</td><td>( 212 )</td><td></td><td></td><td>( 24 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net transfers to Former Parent</td><td>—</td><td></td><td></td><td>( 5 )</td><td></td><td></td><td>( 204 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for stock-based compensation items</td><td>( 3 )</td><td></td><td></td><td>( 1 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net cash (used in) provided by financing activities</td><td>( 96 )</td><td></td><td></td><td>20</td><td></td><td></td><td>( 185 )</td><td></td></tr><tr><td>Effect of exchange rate changes on cash</td><td>8</td><td></td><td></td><td>( 6 )</td><td></td><td></td><td>( 21 )</td><td></td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>119</td><td></td><td></td><td>114</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>Cash and cash equivalents at beginning of year Cash and cash equivalents at beginning of year</td><td>365</td><td></td><td></td><td>251</td><td></td><td></td><td>259</td><td></td></tr><tr><td>Cash and cash equivalents at end of year Cash and cash equivalents at end of year</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td><td></td><td>$</td><td>251</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
303
monetaryItemType
table: <entity> 303 </entity> <entity type> monetaryItemType </entity type> <context> Net cash provided by operating activities (see Note 23) | $ | 308 | $ | 250 | $ | 303 </context>
us-gaap:NetCashProvidedByUsedInOperatingActivities
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>OPERATING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities (see Note 23)</td><td>$</td><td>308</td><td></td><td></td><td>$</td><td>250</td><td></td><td></td><td>$</td><td>303</td><td></td></tr><tr><td>INVESTING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital expenditures, including tooling outlays</td><td>( 105 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 107 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance proceeds received for damage to property, plant and equipment</td><td>3</td><td></td><td></td><td>—</td><td></td><td></td><td>—</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for investment in equity securities</td><td>( 1 )</td><td></td><td></td><td>( 2 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Proceeds from asset disposals and other, net</td><td>2</td><td></td><td></td><td>2</td><td></td><td></td><td>2</td><td></td></tr><tr><td>Net cash used in investing activities</td><td>( 101 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 105 )</td><td></td></tr><tr><td>FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Proceeds from issuance of long-term debt, net of discount</td><td>975</td><td></td><td></td><td>708</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for debt issuance costs</td><td>( 15 )</td><td></td><td></td><td>( 14 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>(Repayments) borrowings under Revolving Facility</td><td>( 75 )</td><td></td><td></td><td>75</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Repayments of debt, including current portion</td><td>( 722 )</td><td></td><td></td><td>( 4 )</td><td></td><td></td><td>( 1 )</td><td></td></tr><tr><td>Cash outflows related to debt due to Former Parent</td><td>—</td><td></td><td></td><td>( 728 )</td><td></td><td></td><td>( 117 )</td><td></td></tr><tr><td>Cash inflows related to debt due from Former Parent</td><td>—</td><td></td><td></td><td>36</td><td></td><td></td><td>140</td><td></td></tr><tr><td>Purchase of noncontrolling interest</td><td>—</td><td></td><td></td><td>—</td><td></td><td></td><td>( 3 )</td><td></td></tr><tr><td>Dividends paid to PHINIA Inc. stockholders</td><td>( 44 )</td><td></td><td></td><td>( 23 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for purchase of treasury stock, including excise tax</td><td>( 212 )</td><td></td><td></td><td>( 24 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net transfers to Former Parent</td><td>—</td><td></td><td></td><td>( 5 )</td><td></td><td></td><td>( 204 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for stock-based compensation items</td><td>( 3 )</td><td></td><td></td><td>( 1 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net cash (used in) provided by financing activities</td><td>( 96 )</td><td></td><td></td><td>20</td><td></td><td></td><td>( 185 )</td><td></td></tr><tr><td>Effect of exchange rate changes on cash</td><td>8</td><td></td><td></td><td>( 6 )</td><td></td><td></td><td>( 21 )</td><td></td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>119</td><td></td><td></td><td>114</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>Cash and cash equivalents at beginning of year Cash and cash equivalents at beginning of year</td><td>365</td><td></td><td></td><td>251</td><td></td><td></td><td>259</td><td></td></tr><tr><td>Cash and cash equivalents at end of year Cash and cash equivalents at end of year</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td><td></td><td>$</td><td>251</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
105
monetaryItemType
table: <entity> 105 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:PaymentsToAcquireProductiveAssets
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>OPERATING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities (see Note 23)</td><td>$</td><td>308</td><td></td><td></td><td>$</td><td>250</td><td></td><td></td><td>$</td><td>303</td><td></td></tr><tr><td>INVESTING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital expenditures, including tooling outlays</td><td>( 105 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 107 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance proceeds received for damage to property, plant and equipment</td><td>3</td><td></td><td></td><td>—</td><td></td><td></td><td>—</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for investment in equity securities</td><td>( 1 )</td><td></td><td></td><td>( 2 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Proceeds from asset disposals and other, net</td><td>2</td><td></td><td></td><td>2</td><td></td><td></td><td>2</td><td></td></tr><tr><td>Net cash used in investing activities</td><td>( 101 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 105 )</td><td></td></tr><tr><td>FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Proceeds from issuance of long-term debt, net of discount</td><td>975</td><td></td><td></td><td>708</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for debt issuance costs</td><td>( 15 )</td><td></td><td></td><td>( 14 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>(Repayments) borrowings under Revolving Facility</td><td>( 75 )</td><td></td><td></td><td>75</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Repayments of debt, including current portion</td><td>( 722 )</td><td></td><td></td><td>( 4 )</td><td></td><td></td><td>( 1 )</td><td></td></tr><tr><td>Cash outflows related to debt due to Former Parent</td><td>—</td><td></td><td></td><td>( 728 )</td><td></td><td></td><td>( 117 )</td><td></td></tr><tr><td>Cash inflows related to debt due from Former Parent</td><td>—</td><td></td><td></td><td>36</td><td></td><td></td><td>140</td><td></td></tr><tr><td>Purchase of noncontrolling interest</td><td>—</td><td></td><td></td><td>—</td><td></td><td></td><td>( 3 )</td><td></td></tr><tr><td>Dividends paid to PHINIA Inc. stockholders</td><td>( 44 )</td><td></td><td></td><td>( 23 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for purchase of treasury stock, including excise tax</td><td>( 212 )</td><td></td><td></td><td>( 24 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net transfers to Former Parent</td><td>—</td><td></td><td></td><td>( 5 )</td><td></td><td></td><td>( 204 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for stock-based compensation items</td><td>( 3 )</td><td></td><td></td><td>( 1 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net cash (used in) provided by financing activities</td><td>( 96 )</td><td></td><td></td><td>20</td><td></td><td></td><td>( 185 )</td><td></td></tr><tr><td>Effect of exchange rate changes on cash</td><td>8</td><td></td><td></td><td>( 6 )</td><td></td><td></td><td>( 21 )</td><td></td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>119</td><td></td><td></td><td>114</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>Cash and cash equivalents at beginning of year Cash and cash equivalents at beginning of year</td><td>365</td><td></td><td></td><td>251</td><td></td><td></td><td>259</td><td></td></tr><tr><td>Cash and cash equivalents at end of year Cash and cash equivalents at end of year</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td><td></td><td>$</td><td>251</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
150
monetaryItemType
table: <entity> 150 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:PaymentsToAcquireProductiveAssets
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>OPERATING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities (see Note 23)</td><td>$</td><td>308</td><td></td><td></td><td>$</td><td>250</td><td></td><td></td><td>$</td><td>303</td><td></td></tr><tr><td>INVESTING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital expenditures, including tooling outlays</td><td>( 105 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 107 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance proceeds received for damage to property, plant and equipment</td><td>3</td><td></td><td></td><td>—</td><td></td><td></td><td>—</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for investment in equity securities</td><td>( 1 )</td><td></td><td></td><td>( 2 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Proceeds from asset disposals and other, net</td><td>2</td><td></td><td></td><td>2</td><td></td><td></td><td>2</td><td></td></tr><tr><td>Net cash used in investing activities</td><td>( 101 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 105 )</td><td></td></tr><tr><td>FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Proceeds from issuance of long-term debt, net of discount</td><td>975</td><td></td><td></td><td>708</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for debt issuance costs</td><td>( 15 )</td><td></td><td></td><td>( 14 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>(Repayments) borrowings under Revolving Facility</td><td>( 75 )</td><td></td><td></td><td>75</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Repayments of debt, including current portion</td><td>( 722 )</td><td></td><td></td><td>( 4 )</td><td></td><td></td><td>( 1 )</td><td></td></tr><tr><td>Cash outflows related to debt due to Former Parent</td><td>—</td><td></td><td></td><td>( 728 )</td><td></td><td></td><td>( 117 )</td><td></td></tr><tr><td>Cash inflows related to debt due from Former Parent</td><td>—</td><td></td><td></td><td>36</td><td></td><td></td><td>140</td><td></td></tr><tr><td>Purchase of noncontrolling interest</td><td>—</td><td></td><td></td><td>—</td><td></td><td></td><td>( 3 )</td><td></td></tr><tr><td>Dividends paid to PHINIA Inc. stockholders</td><td>( 44 )</td><td></td><td></td><td>( 23 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for purchase of treasury stock, including excise tax</td><td>( 212 )</td><td></td><td></td><td>( 24 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net transfers to Former Parent</td><td>—</td><td></td><td></td><td>( 5 )</td><td></td><td></td><td>( 204 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for stock-based compensation items</td><td>( 3 )</td><td></td><td></td><td>( 1 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net cash (used in) provided by financing activities</td><td>( 96 )</td><td></td><td></td><td>20</td><td></td><td></td><td>( 185 )</td><td></td></tr><tr><td>Effect of exchange rate changes on cash</td><td>8</td><td></td><td></td><td>( 6 )</td><td></td><td></td><td>( 21 )</td><td></td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>119</td><td></td><td></td><td>114</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>Cash and cash equivalents at beginning of year Cash and cash equivalents at beginning of year</td><td>365</td><td></td><td></td><td>251</td><td></td><td></td><td>259</td><td></td></tr><tr><td>Cash and cash equivalents at end of year Cash and cash equivalents at end of year</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td><td></td><td>$</td><td>251</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
107
monetaryItemType
table: <entity> 107 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:PaymentsToAcquireProductiveAssets
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>OPERATING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities (see Note 23)</td><td>$</td><td>308</td><td></td><td></td><td>$</td><td>250</td><td></td><td></td><td>$</td><td>303</td><td></td></tr><tr><td>INVESTING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital expenditures, including tooling outlays</td><td>( 105 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 107 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance proceeds received for damage to property, plant and equipment</td><td>3</td><td></td><td></td><td>—</td><td></td><td></td><td>—</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for investment in equity securities</td><td>( 1 )</td><td></td><td></td><td>( 2 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Proceeds from asset disposals and other, net</td><td>2</td><td></td><td></td><td>2</td><td></td><td></td><td>2</td><td></td></tr><tr><td>Net cash used in investing activities</td><td>( 101 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 105 )</td><td></td></tr><tr><td>FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Proceeds from issuance of long-term debt, net of discount</td><td>975</td><td></td><td></td><td>708</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for debt issuance costs</td><td>( 15 )</td><td></td><td></td><td>( 14 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>(Repayments) borrowings under Revolving Facility</td><td>( 75 )</td><td></td><td></td><td>75</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Repayments of debt, including current portion</td><td>( 722 )</td><td></td><td></td><td>( 4 )</td><td></td><td></td><td>( 1 )</td><td></td></tr><tr><td>Cash outflows related to debt due to Former Parent</td><td>—</td><td></td><td></td><td>( 728 )</td><td></td><td></td><td>( 117 )</td><td></td></tr><tr><td>Cash inflows related to debt due from Former Parent</td><td>—</td><td></td><td></td><td>36</td><td></td><td></td><td>140</td><td></td></tr><tr><td>Purchase of noncontrolling interest</td><td>—</td><td></td><td></td><td>—</td><td></td><td></td><td>( 3 )</td><td></td></tr><tr><td>Dividends paid to PHINIA Inc. stockholders</td><td>( 44 )</td><td></td><td></td><td>( 23 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for purchase of treasury stock, including excise tax</td><td>( 212 )</td><td></td><td></td><td>( 24 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net transfers to Former Parent</td><td>—</td><td></td><td></td><td>( 5 )</td><td></td><td></td><td>( 204 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for stock-based compensation items</td><td>( 3 )</td><td></td><td></td><td>( 1 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net cash (used in) provided by financing activities</td><td>( 96 )</td><td></td><td></td><td>20</td><td></td><td></td><td>( 185 )</td><td></td></tr><tr><td>Effect of exchange rate changes on cash</td><td>8</td><td></td><td></td><td>( 6 )</td><td></td><td></td><td>( 21 )</td><td></td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>119</td><td></td><td></td><td>114</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>Cash and cash equivalents at beginning of year Cash and cash equivalents at beginning of year</td><td>365</td><td></td><td></td><td>251</td><td></td><td></td><td>259</td><td></td></tr><tr><td>Cash and cash equivalents at end of year Cash and cash equivalents at end of year</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td><td></td><td>$</td><td>251</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
3
monetaryItemType
table: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> Insurance proceeds received for damage to property, plant and equipment | 3 | — | — </context>
us-gaap:ProceedsFromInsuranceSettlementInvestingActivities
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>OPERATING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities (see Note 23)</td><td>$</td><td>308</td><td></td><td></td><td>$</td><td>250</td><td></td><td></td><td>$</td><td>303</td><td></td></tr><tr><td>INVESTING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital expenditures, including tooling outlays</td><td>( 105 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 107 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance proceeds received for damage to property, plant and equipment</td><td>3</td><td></td><td></td><td>—</td><td></td><td></td><td>—</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for investment in equity securities</td><td>( 1 )</td><td></td><td></td><td>( 2 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Proceeds from asset disposals and other, net</td><td>2</td><td></td><td></td><td>2</td><td></td><td></td><td>2</td><td></td></tr><tr><td>Net cash used in investing activities</td><td>( 101 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 105 )</td><td></td></tr><tr><td>FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Proceeds from issuance of long-term debt, net of discount</td><td>975</td><td></td><td></td><td>708</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for debt issuance costs</td><td>( 15 )</td><td></td><td></td><td>( 14 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>(Repayments) borrowings under Revolving Facility</td><td>( 75 )</td><td></td><td></td><td>75</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Repayments of debt, including current portion</td><td>( 722 )</td><td></td><td></td><td>( 4 )</td><td></td><td></td><td>( 1 )</td><td></td></tr><tr><td>Cash outflows related to debt due to Former Parent</td><td>—</td><td></td><td></td><td>( 728 )</td><td></td><td></td><td>( 117 )</td><td></td></tr><tr><td>Cash inflows related to debt due from Former Parent</td><td>—</td><td></td><td></td><td>36</td><td></td><td></td><td>140</td><td></td></tr><tr><td>Purchase of noncontrolling interest</td><td>—</td><td></td><td></td><td>—</td><td></td><td></td><td>( 3 )</td><td></td></tr><tr><td>Dividends paid to PHINIA Inc. stockholders</td><td>( 44 )</td><td></td><td></td><td>( 23 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for purchase of treasury stock, including excise tax</td><td>( 212 )</td><td></td><td></td><td>( 24 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net transfers to Former Parent</td><td>—</td><td></td><td></td><td>( 5 )</td><td></td><td></td><td>( 204 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for stock-based compensation items</td><td>( 3 )</td><td></td><td></td><td>( 1 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net cash (used in) provided by financing activities</td><td>( 96 )</td><td></td><td></td><td>20</td><td></td><td></td><td>( 185 )</td><td></td></tr><tr><td>Effect of exchange rate changes on cash</td><td>8</td><td></td><td></td><td>( 6 )</td><td></td><td></td><td>( 21 )</td><td></td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>119</td><td></td><td></td><td>114</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>Cash and cash equivalents at beginning of year Cash and cash equivalents at beginning of year</td><td>365</td><td></td><td></td><td>251</td><td></td><td></td><td>259</td><td></td></tr><tr><td>Cash and cash equivalents at end of year Cash and cash equivalents at end of year</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td><td></td><td>$</td><td>251</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
—
monetaryItemType
table: <entity> — </entity> <entity type> monetaryItemType </entity type> <context> Insurance proceeds received for damage to property, plant and equipment | 3 | — | — </context>
us-gaap:ProceedsFromInsuranceSettlementInvestingActivities
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>OPERATING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities (see Note 23)</td><td>$</td><td>308</td><td></td><td></td><td>$</td><td>250</td><td></td><td></td><td>$</td><td>303</td><td></td></tr><tr><td>INVESTING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital expenditures, including tooling outlays</td><td>( 105 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 107 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance proceeds received for damage to property, plant and equipment</td><td>3</td><td></td><td></td><td>—</td><td></td><td></td><td>—</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for investment in equity securities</td><td>( 1 )</td><td></td><td></td><td>( 2 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Proceeds from asset disposals and other, net</td><td>2</td><td></td><td></td><td>2</td><td></td><td></td><td>2</td><td></td></tr><tr><td>Net cash used in investing activities</td><td>( 101 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 105 )</td><td></td></tr><tr><td>FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Proceeds from issuance of long-term debt, net of discount</td><td>975</td><td></td><td></td><td>708</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for debt issuance costs</td><td>( 15 )</td><td></td><td></td><td>( 14 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>(Repayments) borrowings under Revolving Facility</td><td>( 75 )</td><td></td><td></td><td>75</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Repayments of debt, including current portion</td><td>( 722 )</td><td></td><td></td><td>( 4 )</td><td></td><td></td><td>( 1 )</td><td></td></tr><tr><td>Cash outflows related to debt due to Former Parent</td><td>—</td><td></td><td></td><td>( 728 )</td><td></td><td></td><td>( 117 )</td><td></td></tr><tr><td>Cash inflows related to debt due from Former Parent</td><td>—</td><td></td><td></td><td>36</td><td></td><td></td><td>140</td><td></td></tr><tr><td>Purchase of noncontrolling interest</td><td>—</td><td></td><td></td><td>—</td><td></td><td></td><td>( 3 )</td><td></td></tr><tr><td>Dividends paid to PHINIA Inc. stockholders</td><td>( 44 )</td><td></td><td></td><td>( 23 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for purchase of treasury stock, including excise tax</td><td>( 212 )</td><td></td><td></td><td>( 24 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net transfers to Former Parent</td><td>—</td><td></td><td></td><td>( 5 )</td><td></td><td></td><td>( 204 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for stock-based compensation items</td><td>( 3 )</td><td></td><td></td><td>( 1 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net cash (used in) provided by financing activities</td><td>( 96 )</td><td></td><td></td><td>20</td><td></td><td></td><td>( 185 )</td><td></td></tr><tr><td>Effect of exchange rate changes on cash</td><td>8</td><td></td><td></td><td>( 6 )</td><td></td><td></td><td>( 21 )</td><td></td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>119</td><td></td><td></td><td>114</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>Cash and cash equivalents at beginning of year Cash and cash equivalents at beginning of year</td><td>365</td><td></td><td></td><td>251</td><td></td><td></td><td>259</td><td></td></tr><tr><td>Cash and cash equivalents at end of year Cash and cash equivalents at end of year</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td><td></td><td>$</td><td>251</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
1
monetaryItemType
table: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:PaymentsToAcquireInvestments
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>OPERATING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities (see Note 23)</td><td>$</td><td>308</td><td></td><td></td><td>$</td><td>250</td><td></td><td></td><td>$</td><td>303</td><td></td></tr><tr><td>INVESTING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital expenditures, including tooling outlays</td><td>( 105 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 107 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance proceeds received for damage to property, plant and equipment</td><td>3</td><td></td><td></td><td>—</td><td></td><td></td><td>—</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for investment in equity securities</td><td>( 1 )</td><td></td><td></td><td>( 2 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Proceeds from asset disposals and other, net</td><td>2</td><td></td><td></td><td>2</td><td></td><td></td><td>2</td><td></td></tr><tr><td>Net cash used in investing activities</td><td>( 101 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 105 )</td><td></td></tr><tr><td>FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Proceeds from issuance of long-term debt, net of discount</td><td>975</td><td></td><td></td><td>708</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for debt issuance costs</td><td>( 15 )</td><td></td><td></td><td>( 14 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>(Repayments) borrowings under Revolving Facility</td><td>( 75 )</td><td></td><td></td><td>75</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Repayments of debt, including current portion</td><td>( 722 )</td><td></td><td></td><td>( 4 )</td><td></td><td></td><td>( 1 )</td><td></td></tr><tr><td>Cash outflows related to debt due to Former Parent</td><td>—</td><td></td><td></td><td>( 728 )</td><td></td><td></td><td>( 117 )</td><td></td></tr><tr><td>Cash inflows related to debt due from Former Parent</td><td>—</td><td></td><td></td><td>36</td><td></td><td></td><td>140</td><td></td></tr><tr><td>Purchase of noncontrolling interest</td><td>—</td><td></td><td></td><td>—</td><td></td><td></td><td>( 3 )</td><td></td></tr><tr><td>Dividends paid to PHINIA Inc. stockholders</td><td>( 44 )</td><td></td><td></td><td>( 23 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for purchase of treasury stock, including excise tax</td><td>( 212 )</td><td></td><td></td><td>( 24 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net transfers to Former Parent</td><td>—</td><td></td><td></td><td>( 5 )</td><td></td><td></td><td>( 204 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for stock-based compensation items</td><td>( 3 )</td><td></td><td></td><td>( 1 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net cash (used in) provided by financing activities</td><td>( 96 )</td><td></td><td></td><td>20</td><td></td><td></td><td>( 185 )</td><td></td></tr><tr><td>Effect of exchange rate changes on cash</td><td>8</td><td></td><td></td><td>( 6 )</td><td></td><td></td><td>( 21 )</td><td></td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>119</td><td></td><td></td><td>114</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>Cash and cash equivalents at beginning of year Cash and cash equivalents at beginning of year</td><td>365</td><td></td><td></td><td>251</td><td></td><td></td><td>259</td><td></td></tr><tr><td>Cash and cash equivalents at end of year Cash and cash equivalents at end of year</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td><td></td><td>$</td><td>251</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
2
monetaryItemType
table: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> Proceeds from asset disposals and other, net | 2 | 2 | 2 </context>
us-gaap:PaymentsToAcquireInvestments
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>OPERATING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities (see Note 23)</td><td>$</td><td>308</td><td></td><td></td><td>$</td><td>250</td><td></td><td></td><td>$</td><td>303</td><td></td></tr><tr><td>INVESTING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital expenditures, including tooling outlays</td><td>( 105 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 107 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance proceeds received for damage to property, plant and equipment</td><td>3</td><td></td><td></td><td>—</td><td></td><td></td><td>—</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for investment in equity securities</td><td>( 1 )</td><td></td><td></td><td>( 2 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Proceeds from asset disposals and other, net</td><td>2</td><td></td><td></td><td>2</td><td></td><td></td><td>2</td><td></td></tr><tr><td>Net cash used in investing activities</td><td>( 101 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 105 )</td><td></td></tr><tr><td>FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Proceeds from issuance of long-term debt, net of discount</td><td>975</td><td></td><td></td><td>708</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for debt issuance costs</td><td>( 15 )</td><td></td><td></td><td>( 14 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>(Repayments) borrowings under Revolving Facility</td><td>( 75 )</td><td></td><td></td><td>75</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Repayments of debt, including current portion</td><td>( 722 )</td><td></td><td></td><td>( 4 )</td><td></td><td></td><td>( 1 )</td><td></td></tr><tr><td>Cash outflows related to debt due to Former Parent</td><td>—</td><td></td><td></td><td>( 728 )</td><td></td><td></td><td>( 117 )</td><td></td></tr><tr><td>Cash inflows related to debt due from Former Parent</td><td>—</td><td></td><td></td><td>36</td><td></td><td></td><td>140</td><td></td></tr><tr><td>Purchase of noncontrolling interest</td><td>—</td><td></td><td></td><td>—</td><td></td><td></td><td>( 3 )</td><td></td></tr><tr><td>Dividends paid to PHINIA Inc. stockholders</td><td>( 44 )</td><td></td><td></td><td>( 23 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for purchase of treasury stock, including excise tax</td><td>( 212 )</td><td></td><td></td><td>( 24 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net transfers to Former Parent</td><td>—</td><td></td><td></td><td>( 5 )</td><td></td><td></td><td>( 204 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for stock-based compensation items</td><td>( 3 )</td><td></td><td></td><td>( 1 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net cash (used in) provided by financing activities</td><td>( 96 )</td><td></td><td></td><td>20</td><td></td><td></td><td>( 185 )</td><td></td></tr><tr><td>Effect of exchange rate changes on cash</td><td>8</td><td></td><td></td><td>( 6 )</td><td></td><td></td><td>( 21 )</td><td></td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>119</td><td></td><td></td><td>114</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>Cash and cash equivalents at beginning of year Cash and cash equivalents at beginning of year</td><td>365</td><td></td><td></td><td>251</td><td></td><td></td><td>259</td><td></td></tr><tr><td>Cash and cash equivalents at end of year Cash and cash equivalents at end of year</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td><td></td><td>$</td><td>251</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
—
monetaryItemType
table: <entity> — </entity> <entity type> monetaryItemType </entity type> <context> Insurance proceeds received for damage to property, plant and equipment | 3 | — | — </context>
us-gaap:PaymentsToAcquireInvestments
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>OPERATING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities (see Note 23)</td><td>$</td><td>308</td><td></td><td></td><td>$</td><td>250</td><td></td><td></td><td>$</td><td>303</td><td></td></tr><tr><td>INVESTING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital expenditures, including tooling outlays</td><td>( 105 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 107 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance proceeds received for damage to property, plant and equipment</td><td>3</td><td></td><td></td><td>—</td><td></td><td></td><td>—</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for investment in equity securities</td><td>( 1 )</td><td></td><td></td><td>( 2 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Proceeds from asset disposals and other, net</td><td>2</td><td></td><td></td><td>2</td><td></td><td></td><td>2</td><td></td></tr><tr><td>Net cash used in investing activities</td><td>( 101 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 105 )</td><td></td></tr><tr><td>FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Proceeds from issuance of long-term debt, net of discount</td><td>975</td><td></td><td></td><td>708</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for debt issuance costs</td><td>( 15 )</td><td></td><td></td><td>( 14 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>(Repayments) borrowings under Revolving Facility</td><td>( 75 )</td><td></td><td></td><td>75</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Repayments of debt, including current portion</td><td>( 722 )</td><td></td><td></td><td>( 4 )</td><td></td><td></td><td>( 1 )</td><td></td></tr><tr><td>Cash outflows related to debt due to Former Parent</td><td>—</td><td></td><td></td><td>( 728 )</td><td></td><td></td><td>( 117 )</td><td></td></tr><tr><td>Cash inflows related to debt due from Former Parent</td><td>—</td><td></td><td></td><td>36</td><td></td><td></td><td>140</td><td></td></tr><tr><td>Purchase of noncontrolling interest</td><td>—</td><td></td><td></td><td>—</td><td></td><td></td><td>( 3 )</td><td></td></tr><tr><td>Dividends paid to PHINIA Inc. stockholders</td><td>( 44 )</td><td></td><td></td><td>( 23 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for purchase of treasury stock, including excise tax</td><td>( 212 )</td><td></td><td></td><td>( 24 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net transfers to Former Parent</td><td>—</td><td></td><td></td><td>( 5 )</td><td></td><td></td><td>( 204 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for stock-based compensation items</td><td>( 3 )</td><td></td><td></td><td>( 1 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net cash (used in) provided by financing activities</td><td>( 96 )</td><td></td><td></td><td>20</td><td></td><td></td><td>( 185 )</td><td></td></tr><tr><td>Effect of exchange rate changes on cash</td><td>8</td><td></td><td></td><td>( 6 )</td><td></td><td></td><td>( 21 )</td><td></td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>119</td><td></td><td></td><td>114</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>Cash and cash equivalents at beginning of year Cash and cash equivalents at beginning of year</td><td>365</td><td></td><td></td><td>251</td><td></td><td></td><td>259</td><td></td></tr><tr><td>Cash and cash equivalents at end of year Cash and cash equivalents at end of year</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td><td></td><td>$</td><td>251</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
2
monetaryItemType
table: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> Proceeds from asset disposals and other, net | 2 | 2 | 2 </context>
us-gaap:ProceedsFromSaleOfProductiveAssets
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>OPERATING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities (see Note 23)</td><td>$</td><td>308</td><td></td><td></td><td>$</td><td>250</td><td></td><td></td><td>$</td><td>303</td><td></td></tr><tr><td>INVESTING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital expenditures, including tooling outlays</td><td>( 105 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 107 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance proceeds received for damage to property, plant and equipment</td><td>3</td><td></td><td></td><td>—</td><td></td><td></td><td>—</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for investment in equity securities</td><td>( 1 )</td><td></td><td></td><td>( 2 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Proceeds from asset disposals and other, net</td><td>2</td><td></td><td></td><td>2</td><td></td><td></td><td>2</td><td></td></tr><tr><td>Net cash used in investing activities</td><td>( 101 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 105 )</td><td></td></tr><tr><td>FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Proceeds from issuance of long-term debt, net of discount</td><td>975</td><td></td><td></td><td>708</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for debt issuance costs</td><td>( 15 )</td><td></td><td></td><td>( 14 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>(Repayments) borrowings under Revolving Facility</td><td>( 75 )</td><td></td><td></td><td>75</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Repayments of debt, including current portion</td><td>( 722 )</td><td></td><td></td><td>( 4 )</td><td></td><td></td><td>( 1 )</td><td></td></tr><tr><td>Cash outflows related to debt due to Former Parent</td><td>—</td><td></td><td></td><td>( 728 )</td><td></td><td></td><td>( 117 )</td><td></td></tr><tr><td>Cash inflows related to debt due from Former Parent</td><td>—</td><td></td><td></td><td>36</td><td></td><td></td><td>140</td><td></td></tr><tr><td>Purchase of noncontrolling interest</td><td>—</td><td></td><td></td><td>—</td><td></td><td></td><td>( 3 )</td><td></td></tr><tr><td>Dividends paid to PHINIA Inc. stockholders</td><td>( 44 )</td><td></td><td></td><td>( 23 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for purchase of treasury stock, including excise tax</td><td>( 212 )</td><td></td><td></td><td>( 24 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net transfers to Former Parent</td><td>—</td><td></td><td></td><td>( 5 )</td><td></td><td></td><td>( 204 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for stock-based compensation items</td><td>( 3 )</td><td></td><td></td><td>( 1 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net cash (used in) provided by financing activities</td><td>( 96 )</td><td></td><td></td><td>20</td><td></td><td></td><td>( 185 )</td><td></td></tr><tr><td>Effect of exchange rate changes on cash</td><td>8</td><td></td><td></td><td>( 6 )</td><td></td><td></td><td>( 21 )</td><td></td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>119</td><td></td><td></td><td>114</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>Cash and cash equivalents at beginning of year Cash and cash equivalents at beginning of year</td><td>365</td><td></td><td></td><td>251</td><td></td><td></td><td>259</td><td></td></tr><tr><td>Cash and cash equivalents at end of year Cash and cash equivalents at end of year</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td><td></td><td>$</td><td>251</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
101
monetaryItemType
table: <entity> 101 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:NetCashProvidedByUsedInInvestingActivities
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>OPERATING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities (see Note 23)</td><td>$</td><td>308</td><td></td><td></td><td>$</td><td>250</td><td></td><td></td><td>$</td><td>303</td><td></td></tr><tr><td>INVESTING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital expenditures, including tooling outlays</td><td>( 105 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 107 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance proceeds received for damage to property, plant and equipment</td><td>3</td><td></td><td></td><td>—</td><td></td><td></td><td>—</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for investment in equity securities</td><td>( 1 )</td><td></td><td></td><td>( 2 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Proceeds from asset disposals and other, net</td><td>2</td><td></td><td></td><td>2</td><td></td><td></td><td>2</td><td></td></tr><tr><td>Net cash used in investing activities</td><td>( 101 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 105 )</td><td></td></tr><tr><td>FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Proceeds from issuance of long-term debt, net of discount</td><td>975</td><td></td><td></td><td>708</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for debt issuance costs</td><td>( 15 )</td><td></td><td></td><td>( 14 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>(Repayments) borrowings under Revolving Facility</td><td>( 75 )</td><td></td><td></td><td>75</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Repayments of debt, including current portion</td><td>( 722 )</td><td></td><td></td><td>( 4 )</td><td></td><td></td><td>( 1 )</td><td></td></tr><tr><td>Cash outflows related to debt due to Former Parent</td><td>—</td><td></td><td></td><td>( 728 )</td><td></td><td></td><td>( 117 )</td><td></td></tr><tr><td>Cash inflows related to debt due from Former Parent</td><td>—</td><td></td><td></td><td>36</td><td></td><td></td><td>140</td><td></td></tr><tr><td>Purchase of noncontrolling interest</td><td>—</td><td></td><td></td><td>—</td><td></td><td></td><td>( 3 )</td><td></td></tr><tr><td>Dividends paid to PHINIA Inc. stockholders</td><td>( 44 )</td><td></td><td></td><td>( 23 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for purchase of treasury stock, including excise tax</td><td>( 212 )</td><td></td><td></td><td>( 24 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net transfers to Former Parent</td><td>—</td><td></td><td></td><td>( 5 )</td><td></td><td></td><td>( 204 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for stock-based compensation items</td><td>( 3 )</td><td></td><td></td><td>( 1 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net cash (used in) provided by financing activities</td><td>( 96 )</td><td></td><td></td><td>20</td><td></td><td></td><td>( 185 )</td><td></td></tr><tr><td>Effect of exchange rate changes on cash</td><td>8</td><td></td><td></td><td>( 6 )</td><td></td><td></td><td>( 21 )</td><td></td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>119</td><td></td><td></td><td>114</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>Cash and cash equivalents at beginning of year Cash and cash equivalents at beginning of year</td><td>365</td><td></td><td></td><td>251</td><td></td><td></td><td>259</td><td></td></tr><tr><td>Cash and cash equivalents at end of year Cash and cash equivalents at end of year</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td><td></td><td>$</td><td>251</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
150
monetaryItemType
table: <entity> 150 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:NetCashProvidedByUsedInInvestingActivities
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>OPERATING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities (see Note 23)</td><td>$</td><td>308</td><td></td><td></td><td>$</td><td>250</td><td></td><td></td><td>$</td><td>303</td><td></td></tr><tr><td>INVESTING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital expenditures, including tooling outlays</td><td>( 105 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 107 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance proceeds received for damage to property, plant and equipment</td><td>3</td><td></td><td></td><td>—</td><td></td><td></td><td>—</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for investment in equity securities</td><td>( 1 )</td><td></td><td></td><td>( 2 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Proceeds from asset disposals and other, net</td><td>2</td><td></td><td></td><td>2</td><td></td><td></td><td>2</td><td></td></tr><tr><td>Net cash used in investing activities</td><td>( 101 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 105 )</td><td></td></tr><tr><td>FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Proceeds from issuance of long-term debt, net of discount</td><td>975</td><td></td><td></td><td>708</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for debt issuance costs</td><td>( 15 )</td><td></td><td></td><td>( 14 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>(Repayments) borrowings under Revolving Facility</td><td>( 75 )</td><td></td><td></td><td>75</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Repayments of debt, including current portion</td><td>( 722 )</td><td></td><td></td><td>( 4 )</td><td></td><td></td><td>( 1 )</td><td></td></tr><tr><td>Cash outflows related to debt due to Former Parent</td><td>—</td><td></td><td></td><td>( 728 )</td><td></td><td></td><td>( 117 )</td><td></td></tr><tr><td>Cash inflows related to debt due from Former Parent</td><td>—</td><td></td><td></td><td>36</td><td></td><td></td><td>140</td><td></td></tr><tr><td>Purchase of noncontrolling interest</td><td>—</td><td></td><td></td><td>—</td><td></td><td></td><td>( 3 )</td><td></td></tr><tr><td>Dividends paid to PHINIA Inc. stockholders</td><td>( 44 )</td><td></td><td></td><td>( 23 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for purchase of treasury stock, including excise tax</td><td>( 212 )</td><td></td><td></td><td>( 24 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net transfers to Former Parent</td><td>—</td><td></td><td></td><td>( 5 )</td><td></td><td></td><td>( 204 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for stock-based compensation items</td><td>( 3 )</td><td></td><td></td><td>( 1 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net cash (used in) provided by financing activities</td><td>( 96 )</td><td></td><td></td><td>20</td><td></td><td></td><td>( 185 )</td><td></td></tr><tr><td>Effect of exchange rate changes on cash</td><td>8</td><td></td><td></td><td>( 6 )</td><td></td><td></td><td>( 21 )</td><td></td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>119</td><td></td><td></td><td>114</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>Cash and cash equivalents at beginning of year Cash and cash equivalents at beginning of year</td><td>365</td><td></td><td></td><td>251</td><td></td><td></td><td>259</td><td></td></tr><tr><td>Cash and cash equivalents at end of year Cash and cash equivalents at end of year</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td><td></td><td>$</td><td>251</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
105
monetaryItemType
table: <entity> 105 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:NetCashProvidedByUsedInInvestingActivities
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>OPERATING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities (see Note 23)</td><td>$</td><td>308</td><td></td><td></td><td>$</td><td>250</td><td></td><td></td><td>$</td><td>303</td><td></td></tr><tr><td>INVESTING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital expenditures, including tooling outlays</td><td>( 105 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 107 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance proceeds received for damage to property, plant and equipment</td><td>3</td><td></td><td></td><td>—</td><td></td><td></td><td>—</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for investment in equity securities</td><td>( 1 )</td><td></td><td></td><td>( 2 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Proceeds from asset disposals and other, net</td><td>2</td><td></td><td></td><td>2</td><td></td><td></td><td>2</td><td></td></tr><tr><td>Net cash used in investing activities</td><td>( 101 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 105 )</td><td></td></tr><tr><td>FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Proceeds from issuance of long-term debt, net of discount</td><td>975</td><td></td><td></td><td>708</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for debt issuance costs</td><td>( 15 )</td><td></td><td></td><td>( 14 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>(Repayments) borrowings under Revolving Facility</td><td>( 75 )</td><td></td><td></td><td>75</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Repayments of debt, including current portion</td><td>( 722 )</td><td></td><td></td><td>( 4 )</td><td></td><td></td><td>( 1 )</td><td></td></tr><tr><td>Cash outflows related to debt due to Former Parent</td><td>—</td><td></td><td></td><td>( 728 )</td><td></td><td></td><td>( 117 )</td><td></td></tr><tr><td>Cash inflows related to debt due from Former Parent</td><td>—</td><td></td><td></td><td>36</td><td></td><td></td><td>140</td><td></td></tr><tr><td>Purchase of noncontrolling interest</td><td>—</td><td></td><td></td><td>—</td><td></td><td></td><td>( 3 )</td><td></td></tr><tr><td>Dividends paid to PHINIA Inc. stockholders</td><td>( 44 )</td><td></td><td></td><td>( 23 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for purchase of treasury stock, including excise tax</td><td>( 212 )</td><td></td><td></td><td>( 24 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net transfers to Former Parent</td><td>—</td><td></td><td></td><td>( 5 )</td><td></td><td></td><td>( 204 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for stock-based compensation items</td><td>( 3 )</td><td></td><td></td><td>( 1 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net cash (used in) provided by financing activities</td><td>( 96 )</td><td></td><td></td><td>20</td><td></td><td></td><td>( 185 )</td><td></td></tr><tr><td>Effect of exchange rate changes on cash</td><td>8</td><td></td><td></td><td>( 6 )</td><td></td><td></td><td>( 21 )</td><td></td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>119</td><td></td><td></td><td>114</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>Cash and cash equivalents at beginning of year Cash and cash equivalents at beginning of year</td><td>365</td><td></td><td></td><td>251</td><td></td><td></td><td>259</td><td></td></tr><tr><td>Cash and cash equivalents at end of year Cash and cash equivalents at end of year</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td><td></td><td>$</td><td>251</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
975
monetaryItemType
table: <entity> 975 </entity> <entity type> monetaryItemType </entity type> <context> Proceeds from issuance of long-term debt, net of discount | 975 | 708 | — </context>
us-gaap:ProceedsFromIssuanceOfLongTermDebt
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>OPERATING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities (see Note 23)</td><td>$</td><td>308</td><td></td><td></td><td>$</td><td>250</td><td></td><td></td><td>$</td><td>303</td><td></td></tr><tr><td>INVESTING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital expenditures, including tooling outlays</td><td>( 105 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 107 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance proceeds received for damage to property, plant and equipment</td><td>3</td><td></td><td></td><td>—</td><td></td><td></td><td>—</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for investment in equity securities</td><td>( 1 )</td><td></td><td></td><td>( 2 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Proceeds from asset disposals and other, net</td><td>2</td><td></td><td></td><td>2</td><td></td><td></td><td>2</td><td></td></tr><tr><td>Net cash used in investing activities</td><td>( 101 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 105 )</td><td></td></tr><tr><td>FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Proceeds from issuance of long-term debt, net of discount</td><td>975</td><td></td><td></td><td>708</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for debt issuance costs</td><td>( 15 )</td><td></td><td></td><td>( 14 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>(Repayments) borrowings under Revolving Facility</td><td>( 75 )</td><td></td><td></td><td>75</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Repayments of debt, including current portion</td><td>( 722 )</td><td></td><td></td><td>( 4 )</td><td></td><td></td><td>( 1 )</td><td></td></tr><tr><td>Cash outflows related to debt due to Former Parent</td><td>—</td><td></td><td></td><td>( 728 )</td><td></td><td></td><td>( 117 )</td><td></td></tr><tr><td>Cash inflows related to debt due from Former Parent</td><td>—</td><td></td><td></td><td>36</td><td></td><td></td><td>140</td><td></td></tr><tr><td>Purchase of noncontrolling interest</td><td>—</td><td></td><td></td><td>—</td><td></td><td></td><td>( 3 )</td><td></td></tr><tr><td>Dividends paid to PHINIA Inc. stockholders</td><td>( 44 )</td><td></td><td></td><td>( 23 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for purchase of treasury stock, including excise tax</td><td>( 212 )</td><td></td><td></td><td>( 24 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net transfers to Former Parent</td><td>—</td><td></td><td></td><td>( 5 )</td><td></td><td></td><td>( 204 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for stock-based compensation items</td><td>( 3 )</td><td></td><td></td><td>( 1 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net cash (used in) provided by financing activities</td><td>( 96 )</td><td></td><td></td><td>20</td><td></td><td></td><td>( 185 )</td><td></td></tr><tr><td>Effect of exchange rate changes on cash</td><td>8</td><td></td><td></td><td>( 6 )</td><td></td><td></td><td>( 21 )</td><td></td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>119</td><td></td><td></td><td>114</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>Cash and cash equivalents at beginning of year Cash and cash equivalents at beginning of year</td><td>365</td><td></td><td></td><td>251</td><td></td><td></td><td>259</td><td></td></tr><tr><td>Cash and cash equivalents at end of year Cash and cash equivalents at end of year</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td><td></td><td>$</td><td>251</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
708
monetaryItemType
table: <entity> 708 </entity> <entity type> monetaryItemType </entity type> <context> Proceeds from issuance of long-term debt, net of discount | 975 | 708 | — </context>
us-gaap:ProceedsFromIssuanceOfLongTermDebt
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>OPERATING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities (see Note 23)</td><td>$</td><td>308</td><td></td><td></td><td>$</td><td>250</td><td></td><td></td><td>$</td><td>303</td><td></td></tr><tr><td>INVESTING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital expenditures, including tooling outlays</td><td>( 105 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 107 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance proceeds received for damage to property, plant and equipment</td><td>3</td><td></td><td></td><td>—</td><td></td><td></td><td>—</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for investment in equity securities</td><td>( 1 )</td><td></td><td></td><td>( 2 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Proceeds from asset disposals and other, net</td><td>2</td><td></td><td></td><td>2</td><td></td><td></td><td>2</td><td></td></tr><tr><td>Net cash used in investing activities</td><td>( 101 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 105 )</td><td></td></tr><tr><td>FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Proceeds from issuance of long-term debt, net of discount</td><td>975</td><td></td><td></td><td>708</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for debt issuance costs</td><td>( 15 )</td><td></td><td></td><td>( 14 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>(Repayments) borrowings under Revolving Facility</td><td>( 75 )</td><td></td><td></td><td>75</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Repayments of debt, including current portion</td><td>( 722 )</td><td></td><td></td><td>( 4 )</td><td></td><td></td><td>( 1 )</td><td></td></tr><tr><td>Cash outflows related to debt due to Former Parent</td><td>—</td><td></td><td></td><td>( 728 )</td><td></td><td></td><td>( 117 )</td><td></td></tr><tr><td>Cash inflows related to debt due from Former Parent</td><td>—</td><td></td><td></td><td>36</td><td></td><td></td><td>140</td><td></td></tr><tr><td>Purchase of noncontrolling interest</td><td>—</td><td></td><td></td><td>—</td><td></td><td></td><td>( 3 )</td><td></td></tr><tr><td>Dividends paid to PHINIA Inc. stockholders</td><td>( 44 )</td><td></td><td></td><td>( 23 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for purchase of treasury stock, including excise tax</td><td>( 212 )</td><td></td><td></td><td>( 24 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net transfers to Former Parent</td><td>—</td><td></td><td></td><td>( 5 )</td><td></td><td></td><td>( 204 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for stock-based compensation items</td><td>( 3 )</td><td></td><td></td><td>( 1 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net cash (used in) provided by financing activities</td><td>( 96 )</td><td></td><td></td><td>20</td><td></td><td></td><td>( 185 )</td><td></td></tr><tr><td>Effect of exchange rate changes on cash</td><td>8</td><td></td><td></td><td>( 6 )</td><td></td><td></td><td>( 21 )</td><td></td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>119</td><td></td><td></td><td>114</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>Cash and cash equivalents at beginning of year Cash and cash equivalents at beginning of year</td><td>365</td><td></td><td></td><td>251</td><td></td><td></td><td>259</td><td></td></tr><tr><td>Cash and cash equivalents at end of year Cash and cash equivalents at end of year</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td><td></td><td>$</td><td>251</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
15
monetaryItemType
table: <entity> 15 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:PaymentsOfDebtIssuanceCosts
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>OPERATING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities (see Note 23)</td><td>$</td><td>308</td><td></td><td></td><td>$</td><td>250</td><td></td><td></td><td>$</td><td>303</td><td></td></tr><tr><td>INVESTING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital expenditures, including tooling outlays</td><td>( 105 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 107 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance proceeds received for damage to property, plant and equipment</td><td>3</td><td></td><td></td><td>—</td><td></td><td></td><td>—</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for investment in equity securities</td><td>( 1 )</td><td></td><td></td><td>( 2 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Proceeds from asset disposals and other, net</td><td>2</td><td></td><td></td><td>2</td><td></td><td></td><td>2</td><td></td></tr><tr><td>Net cash used in investing activities</td><td>( 101 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 105 )</td><td></td></tr><tr><td>FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Proceeds from issuance of long-term debt, net of discount</td><td>975</td><td></td><td></td><td>708</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for debt issuance costs</td><td>( 15 )</td><td></td><td></td><td>( 14 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>(Repayments) borrowings under Revolving Facility</td><td>( 75 )</td><td></td><td></td><td>75</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Repayments of debt, including current portion</td><td>( 722 )</td><td></td><td></td><td>( 4 )</td><td></td><td></td><td>( 1 )</td><td></td></tr><tr><td>Cash outflows related to debt due to Former Parent</td><td>—</td><td></td><td></td><td>( 728 )</td><td></td><td></td><td>( 117 )</td><td></td></tr><tr><td>Cash inflows related to debt due from Former Parent</td><td>—</td><td></td><td></td><td>36</td><td></td><td></td><td>140</td><td></td></tr><tr><td>Purchase of noncontrolling interest</td><td>—</td><td></td><td></td><td>—</td><td></td><td></td><td>( 3 )</td><td></td></tr><tr><td>Dividends paid to PHINIA Inc. stockholders</td><td>( 44 )</td><td></td><td></td><td>( 23 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for purchase of treasury stock, including excise tax</td><td>( 212 )</td><td></td><td></td><td>( 24 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net transfers to Former Parent</td><td>—</td><td></td><td></td><td>( 5 )</td><td></td><td></td><td>( 204 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for stock-based compensation items</td><td>( 3 )</td><td></td><td></td><td>( 1 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net cash (used in) provided by financing activities</td><td>( 96 )</td><td></td><td></td><td>20</td><td></td><td></td><td>( 185 )</td><td></td></tr><tr><td>Effect of exchange rate changes on cash</td><td>8</td><td></td><td></td><td>( 6 )</td><td></td><td></td><td>( 21 )</td><td></td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>119</td><td></td><td></td><td>114</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>Cash and cash equivalents at beginning of year Cash and cash equivalents at beginning of year</td><td>365</td><td></td><td></td><td>251</td><td></td><td></td><td>259</td><td></td></tr><tr><td>Cash and cash equivalents at end of year Cash and cash equivalents at end of year</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td><td></td><td>$</td><td>251</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
14
monetaryItemType
table: <entity> 14 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:PaymentsOfDebtIssuanceCosts
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>OPERATING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities (see Note 23)</td><td>$</td><td>308</td><td></td><td></td><td>$</td><td>250</td><td></td><td></td><td>$</td><td>303</td><td></td></tr><tr><td>INVESTING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital expenditures, including tooling outlays</td><td>( 105 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 107 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance proceeds received for damage to property, plant and equipment</td><td>3</td><td></td><td></td><td>—</td><td></td><td></td><td>—</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for investment in equity securities</td><td>( 1 )</td><td></td><td></td><td>( 2 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Proceeds from asset disposals and other, net</td><td>2</td><td></td><td></td><td>2</td><td></td><td></td><td>2</td><td></td></tr><tr><td>Net cash used in investing activities</td><td>( 101 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 105 )</td><td></td></tr><tr><td>FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Proceeds from issuance of long-term debt, net of discount</td><td>975</td><td></td><td></td><td>708</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for debt issuance costs</td><td>( 15 )</td><td></td><td></td><td>( 14 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>(Repayments) borrowings under Revolving Facility</td><td>( 75 )</td><td></td><td></td><td>75</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Repayments of debt, including current portion</td><td>( 722 )</td><td></td><td></td><td>( 4 )</td><td></td><td></td><td>( 1 )</td><td></td></tr><tr><td>Cash outflows related to debt due to Former Parent</td><td>—</td><td></td><td></td><td>( 728 )</td><td></td><td></td><td>( 117 )</td><td></td></tr><tr><td>Cash inflows related to debt due from Former Parent</td><td>—</td><td></td><td></td><td>36</td><td></td><td></td><td>140</td><td></td></tr><tr><td>Purchase of noncontrolling interest</td><td>—</td><td></td><td></td><td>—</td><td></td><td></td><td>( 3 )</td><td></td></tr><tr><td>Dividends paid to PHINIA Inc. stockholders</td><td>( 44 )</td><td></td><td></td><td>( 23 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for purchase of treasury stock, including excise tax</td><td>( 212 )</td><td></td><td></td><td>( 24 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net transfers to Former Parent</td><td>—</td><td></td><td></td><td>( 5 )</td><td></td><td></td><td>( 204 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for stock-based compensation items</td><td>( 3 )</td><td></td><td></td><td>( 1 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net cash (used in) provided by financing activities</td><td>( 96 )</td><td></td><td></td><td>20</td><td></td><td></td><td>( 185 )</td><td></td></tr><tr><td>Effect of exchange rate changes on cash</td><td>8</td><td></td><td></td><td>( 6 )</td><td></td><td></td><td>( 21 )</td><td></td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>119</td><td></td><td></td><td>114</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>Cash and cash equivalents at beginning of year Cash and cash equivalents at beginning of year</td><td>365</td><td></td><td></td><td>251</td><td></td><td></td><td>259</td><td></td></tr><tr><td>Cash and cash equivalents at end of year Cash and cash equivalents at end of year</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td><td></td><td>$</td><td>251</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
—
monetaryItemType
table: <entity> — </entity> <entity type> monetaryItemType </entity type> <context> Insurance proceeds received for damage to property, plant and equipment | 3 | — | — </context>
us-gaap:PaymentsOfDebtIssuanceCosts
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>OPERATING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities (see Note 23)</td><td>$</td><td>308</td><td></td><td></td><td>$</td><td>250</td><td></td><td></td><td>$</td><td>303</td><td></td></tr><tr><td>INVESTING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital expenditures, including tooling outlays</td><td>( 105 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 107 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance proceeds received for damage to property, plant and equipment</td><td>3</td><td></td><td></td><td>—</td><td></td><td></td><td>—</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for investment in equity securities</td><td>( 1 )</td><td></td><td></td><td>( 2 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Proceeds from asset disposals and other, net</td><td>2</td><td></td><td></td><td>2</td><td></td><td></td><td>2</td><td></td></tr><tr><td>Net cash used in investing activities</td><td>( 101 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 105 )</td><td></td></tr><tr><td>FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Proceeds from issuance of long-term debt, net of discount</td><td>975</td><td></td><td></td><td>708</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for debt issuance costs</td><td>( 15 )</td><td></td><td></td><td>( 14 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>(Repayments) borrowings under Revolving Facility</td><td>( 75 )</td><td></td><td></td><td>75</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Repayments of debt, including current portion</td><td>( 722 )</td><td></td><td></td><td>( 4 )</td><td></td><td></td><td>( 1 )</td><td></td></tr><tr><td>Cash outflows related to debt due to Former Parent</td><td>—</td><td></td><td></td><td>( 728 )</td><td></td><td></td><td>( 117 )</td><td></td></tr><tr><td>Cash inflows related to debt due from Former Parent</td><td>—</td><td></td><td></td><td>36</td><td></td><td></td><td>140</td><td></td></tr><tr><td>Purchase of noncontrolling interest</td><td>—</td><td></td><td></td><td>—</td><td></td><td></td><td>( 3 )</td><td></td></tr><tr><td>Dividends paid to PHINIA Inc. stockholders</td><td>( 44 )</td><td></td><td></td><td>( 23 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for purchase of treasury stock, including excise tax</td><td>( 212 )</td><td></td><td></td><td>( 24 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net transfers to Former Parent</td><td>—</td><td></td><td></td><td>( 5 )</td><td></td><td></td><td>( 204 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for stock-based compensation items</td><td>( 3 )</td><td></td><td></td><td>( 1 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net cash (used in) provided by financing activities</td><td>( 96 )</td><td></td><td></td><td>20</td><td></td><td></td><td>( 185 )</td><td></td></tr><tr><td>Effect of exchange rate changes on cash</td><td>8</td><td></td><td></td><td>( 6 )</td><td></td><td></td><td>( 21 )</td><td></td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>119</td><td></td><td></td><td>114</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>Cash and cash equivalents at beginning of year Cash and cash equivalents at beginning of year</td><td>365</td><td></td><td></td><td>251</td><td></td><td></td><td>259</td><td></td></tr><tr><td>Cash and cash equivalents at end of year Cash and cash equivalents at end of year</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td><td></td><td>$</td><td>251</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
75
monetaryItemType
table: <entity> 75 </entity> <entity type> monetaryItemType </entity type> <context> (Repayments) borrowings under Revolving Facility | ( 75 ) | 75 | — </context>
us-gaap:ProceedsFromRepaymentsOfNotesPayable
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>OPERATING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities (see Note 23)</td><td>$</td><td>308</td><td></td><td></td><td>$</td><td>250</td><td></td><td></td><td>$</td><td>303</td><td></td></tr><tr><td>INVESTING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital expenditures, including tooling outlays</td><td>( 105 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 107 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance proceeds received for damage to property, plant and equipment</td><td>3</td><td></td><td></td><td>—</td><td></td><td></td><td>—</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for investment in equity securities</td><td>( 1 )</td><td></td><td></td><td>( 2 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Proceeds from asset disposals and other, net</td><td>2</td><td></td><td></td><td>2</td><td></td><td></td><td>2</td><td></td></tr><tr><td>Net cash used in investing activities</td><td>( 101 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 105 )</td><td></td></tr><tr><td>FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Proceeds from issuance of long-term debt, net of discount</td><td>975</td><td></td><td></td><td>708</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for debt issuance costs</td><td>( 15 )</td><td></td><td></td><td>( 14 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>(Repayments) borrowings under Revolving Facility</td><td>( 75 )</td><td></td><td></td><td>75</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Repayments of debt, including current portion</td><td>( 722 )</td><td></td><td></td><td>( 4 )</td><td></td><td></td><td>( 1 )</td><td></td></tr><tr><td>Cash outflows related to debt due to Former Parent</td><td>—</td><td></td><td></td><td>( 728 )</td><td></td><td></td><td>( 117 )</td><td></td></tr><tr><td>Cash inflows related to debt due from Former Parent</td><td>—</td><td></td><td></td><td>36</td><td></td><td></td><td>140</td><td></td></tr><tr><td>Purchase of noncontrolling interest</td><td>—</td><td></td><td></td><td>—</td><td></td><td></td><td>( 3 )</td><td></td></tr><tr><td>Dividends paid to PHINIA Inc. stockholders</td><td>( 44 )</td><td></td><td></td><td>( 23 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for purchase of treasury stock, including excise tax</td><td>( 212 )</td><td></td><td></td><td>( 24 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net transfers to Former Parent</td><td>—</td><td></td><td></td><td>( 5 )</td><td></td><td></td><td>( 204 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for stock-based compensation items</td><td>( 3 )</td><td></td><td></td><td>( 1 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net cash (used in) provided by financing activities</td><td>( 96 )</td><td></td><td></td><td>20</td><td></td><td></td><td>( 185 )</td><td></td></tr><tr><td>Effect of exchange rate changes on cash</td><td>8</td><td></td><td></td><td>( 6 )</td><td></td><td></td><td>( 21 )</td><td></td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>119</td><td></td><td></td><td>114</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>Cash and cash equivalents at beginning of year Cash and cash equivalents at beginning of year</td><td>365</td><td></td><td></td><td>251</td><td></td><td></td><td>259</td><td></td></tr><tr><td>Cash and cash equivalents at end of year Cash and cash equivalents at end of year</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td><td></td><td>$</td><td>251</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
—
monetaryItemType
table: <entity> — </entity> <entity type> monetaryItemType </entity type> <context> Insurance proceeds received for damage to property, plant and equipment | 3 | — | — </context>
us-gaap:ProceedsFromRepaymentsOfNotesPayable
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>OPERATING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities (see Note 23)</td><td>$</td><td>308</td><td></td><td></td><td>$</td><td>250</td><td></td><td></td><td>$</td><td>303</td><td></td></tr><tr><td>INVESTING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital expenditures, including tooling outlays</td><td>( 105 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 107 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance proceeds received for damage to property, plant and equipment</td><td>3</td><td></td><td></td><td>—</td><td></td><td></td><td>—</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for investment in equity securities</td><td>( 1 )</td><td></td><td></td><td>( 2 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Proceeds from asset disposals and other, net</td><td>2</td><td></td><td></td><td>2</td><td></td><td></td><td>2</td><td></td></tr><tr><td>Net cash used in investing activities</td><td>( 101 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 105 )</td><td></td></tr><tr><td>FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Proceeds from issuance of long-term debt, net of discount</td><td>975</td><td></td><td></td><td>708</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for debt issuance costs</td><td>( 15 )</td><td></td><td></td><td>( 14 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>(Repayments) borrowings under Revolving Facility</td><td>( 75 )</td><td></td><td></td><td>75</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Repayments of debt, including current portion</td><td>( 722 )</td><td></td><td></td><td>( 4 )</td><td></td><td></td><td>( 1 )</td><td></td></tr><tr><td>Cash outflows related to debt due to Former Parent</td><td>—</td><td></td><td></td><td>( 728 )</td><td></td><td></td><td>( 117 )</td><td></td></tr><tr><td>Cash inflows related to debt due from Former Parent</td><td>—</td><td></td><td></td><td>36</td><td></td><td></td><td>140</td><td></td></tr><tr><td>Purchase of noncontrolling interest</td><td>—</td><td></td><td></td><td>—</td><td></td><td></td><td>( 3 )</td><td></td></tr><tr><td>Dividends paid to PHINIA Inc. stockholders</td><td>( 44 )</td><td></td><td></td><td>( 23 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for purchase of treasury stock, including excise tax</td><td>( 212 )</td><td></td><td></td><td>( 24 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net transfers to Former Parent</td><td>—</td><td></td><td></td><td>( 5 )</td><td></td><td></td><td>( 204 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for stock-based compensation items</td><td>( 3 )</td><td></td><td></td><td>( 1 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net cash (used in) provided by financing activities</td><td>( 96 )</td><td></td><td></td><td>20</td><td></td><td></td><td>( 185 )</td><td></td></tr><tr><td>Effect of exchange rate changes on cash</td><td>8</td><td></td><td></td><td>( 6 )</td><td></td><td></td><td>( 21 )</td><td></td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>119</td><td></td><td></td><td>114</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>Cash and cash equivalents at beginning of year Cash and cash equivalents at beginning of year</td><td>365</td><td></td><td></td><td>251</td><td></td><td></td><td>259</td><td></td></tr><tr><td>Cash and cash equivalents at end of year Cash and cash equivalents at end of year</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td><td></td><td>$</td><td>251</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
722
monetaryItemType
table: <entity> 722 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:RepaymentsOfLongTermDebt
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>OPERATING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities (see Note 23)</td><td>$</td><td>308</td><td></td><td></td><td>$</td><td>250</td><td></td><td></td><td>$</td><td>303</td><td></td></tr><tr><td>INVESTING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital expenditures, including tooling outlays</td><td>( 105 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 107 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance proceeds received for damage to property, plant and equipment</td><td>3</td><td></td><td></td><td>—</td><td></td><td></td><td>—</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for investment in equity securities</td><td>( 1 )</td><td></td><td></td><td>( 2 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Proceeds from asset disposals and other, net</td><td>2</td><td></td><td></td><td>2</td><td></td><td></td><td>2</td><td></td></tr><tr><td>Net cash used in investing activities</td><td>( 101 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 105 )</td><td></td></tr><tr><td>FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Proceeds from issuance of long-term debt, net of discount</td><td>975</td><td></td><td></td><td>708</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for debt issuance costs</td><td>( 15 )</td><td></td><td></td><td>( 14 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>(Repayments) borrowings under Revolving Facility</td><td>( 75 )</td><td></td><td></td><td>75</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Repayments of debt, including current portion</td><td>( 722 )</td><td></td><td></td><td>( 4 )</td><td></td><td></td><td>( 1 )</td><td></td></tr><tr><td>Cash outflows related to debt due to Former Parent</td><td>—</td><td></td><td></td><td>( 728 )</td><td></td><td></td><td>( 117 )</td><td></td></tr><tr><td>Cash inflows related to debt due from Former Parent</td><td>—</td><td></td><td></td><td>36</td><td></td><td></td><td>140</td><td></td></tr><tr><td>Purchase of noncontrolling interest</td><td>—</td><td></td><td></td><td>—</td><td></td><td></td><td>( 3 )</td><td></td></tr><tr><td>Dividends paid to PHINIA Inc. stockholders</td><td>( 44 )</td><td></td><td></td><td>( 23 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for purchase of treasury stock, including excise tax</td><td>( 212 )</td><td></td><td></td><td>( 24 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net transfers to Former Parent</td><td>—</td><td></td><td></td><td>( 5 )</td><td></td><td></td><td>( 204 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for stock-based compensation items</td><td>( 3 )</td><td></td><td></td><td>( 1 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net cash (used in) provided by financing activities</td><td>( 96 )</td><td></td><td></td><td>20</td><td></td><td></td><td>( 185 )</td><td></td></tr><tr><td>Effect of exchange rate changes on cash</td><td>8</td><td></td><td></td><td>( 6 )</td><td></td><td></td><td>( 21 )</td><td></td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>119</td><td></td><td></td><td>114</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>Cash and cash equivalents at beginning of year Cash and cash equivalents at beginning of year</td><td>365</td><td></td><td></td><td>251</td><td></td><td></td><td>259</td><td></td></tr><tr><td>Cash and cash equivalents at end of year Cash and cash equivalents at end of year</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td><td></td><td>$</td><td>251</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
4
monetaryItemType
table: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:RepaymentsOfLongTermDebt
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>OPERATING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities (see Note 23)</td><td>$</td><td>308</td><td></td><td></td><td>$</td><td>250</td><td></td><td></td><td>$</td><td>303</td><td></td></tr><tr><td>INVESTING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital expenditures, including tooling outlays</td><td>( 105 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 107 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance proceeds received for damage to property, plant and equipment</td><td>3</td><td></td><td></td><td>—</td><td></td><td></td><td>—</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for investment in equity securities</td><td>( 1 )</td><td></td><td></td><td>( 2 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Proceeds from asset disposals and other, net</td><td>2</td><td></td><td></td><td>2</td><td></td><td></td><td>2</td><td></td></tr><tr><td>Net cash used in investing activities</td><td>( 101 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 105 )</td><td></td></tr><tr><td>FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Proceeds from issuance of long-term debt, net of discount</td><td>975</td><td></td><td></td><td>708</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for debt issuance costs</td><td>( 15 )</td><td></td><td></td><td>( 14 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>(Repayments) borrowings under Revolving Facility</td><td>( 75 )</td><td></td><td></td><td>75</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Repayments of debt, including current portion</td><td>( 722 )</td><td></td><td></td><td>( 4 )</td><td></td><td></td><td>( 1 )</td><td></td></tr><tr><td>Cash outflows related to debt due to Former Parent</td><td>—</td><td></td><td></td><td>( 728 )</td><td></td><td></td><td>( 117 )</td><td></td></tr><tr><td>Cash inflows related to debt due from Former Parent</td><td>—</td><td></td><td></td><td>36</td><td></td><td></td><td>140</td><td></td></tr><tr><td>Purchase of noncontrolling interest</td><td>—</td><td></td><td></td><td>—</td><td></td><td></td><td>( 3 )</td><td></td></tr><tr><td>Dividends paid to PHINIA Inc. stockholders</td><td>( 44 )</td><td></td><td></td><td>( 23 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for purchase of treasury stock, including excise tax</td><td>( 212 )</td><td></td><td></td><td>( 24 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net transfers to Former Parent</td><td>—</td><td></td><td></td><td>( 5 )</td><td></td><td></td><td>( 204 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for stock-based compensation items</td><td>( 3 )</td><td></td><td></td><td>( 1 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net cash (used in) provided by financing activities</td><td>( 96 )</td><td></td><td></td><td>20</td><td></td><td></td><td>( 185 )</td><td></td></tr><tr><td>Effect of exchange rate changes on cash</td><td>8</td><td></td><td></td><td>( 6 )</td><td></td><td></td><td>( 21 )</td><td></td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>119</td><td></td><td></td><td>114</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>Cash and cash equivalents at beginning of year Cash and cash equivalents at beginning of year</td><td>365</td><td></td><td></td><td>251</td><td></td><td></td><td>259</td><td></td></tr><tr><td>Cash and cash equivalents at end of year Cash and cash equivalents at end of year</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td><td></td><td>$</td><td>251</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
1
monetaryItemType
table: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:RepaymentsOfLongTermDebt
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>OPERATING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities (see Note 23)</td><td>$</td><td>308</td><td></td><td></td><td>$</td><td>250</td><td></td><td></td><td>$</td><td>303</td><td></td></tr><tr><td>INVESTING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital expenditures, including tooling outlays</td><td>( 105 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 107 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance proceeds received for damage to property, plant and equipment</td><td>3</td><td></td><td></td><td>—</td><td></td><td></td><td>—</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for investment in equity securities</td><td>( 1 )</td><td></td><td></td><td>( 2 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Proceeds from asset disposals and other, net</td><td>2</td><td></td><td></td><td>2</td><td></td><td></td><td>2</td><td></td></tr><tr><td>Net cash used in investing activities</td><td>( 101 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 105 )</td><td></td></tr><tr><td>FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Proceeds from issuance of long-term debt, net of discount</td><td>975</td><td></td><td></td><td>708</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for debt issuance costs</td><td>( 15 )</td><td></td><td></td><td>( 14 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>(Repayments) borrowings under Revolving Facility</td><td>( 75 )</td><td></td><td></td><td>75</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Repayments of debt, including current portion</td><td>( 722 )</td><td></td><td></td><td>( 4 )</td><td></td><td></td><td>( 1 )</td><td></td></tr><tr><td>Cash outflows related to debt due to Former Parent</td><td>—</td><td></td><td></td><td>( 728 )</td><td></td><td></td><td>( 117 )</td><td></td></tr><tr><td>Cash inflows related to debt due from Former Parent</td><td>—</td><td></td><td></td><td>36</td><td></td><td></td><td>140</td><td></td></tr><tr><td>Purchase of noncontrolling interest</td><td>—</td><td></td><td></td><td>—</td><td></td><td></td><td>( 3 )</td><td></td></tr><tr><td>Dividends paid to PHINIA Inc. stockholders</td><td>( 44 )</td><td></td><td></td><td>( 23 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for purchase of treasury stock, including excise tax</td><td>( 212 )</td><td></td><td></td><td>( 24 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net transfers to Former Parent</td><td>—</td><td></td><td></td><td>( 5 )</td><td></td><td></td><td>( 204 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for stock-based compensation items</td><td>( 3 )</td><td></td><td></td><td>( 1 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net cash (used in) provided by financing activities</td><td>( 96 )</td><td></td><td></td><td>20</td><td></td><td></td><td>( 185 )</td><td></td></tr><tr><td>Effect of exchange rate changes on cash</td><td>8</td><td></td><td></td><td>( 6 )</td><td></td><td></td><td>( 21 )</td><td></td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>119</td><td></td><td></td><td>114</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>Cash and cash equivalents at beginning of year Cash and cash equivalents at beginning of year</td><td>365</td><td></td><td></td><td>251</td><td></td><td></td><td>259</td><td></td></tr><tr><td>Cash and cash equivalents at end of year Cash and cash equivalents at end of year</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td><td></td><td>$</td><td>251</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
—
monetaryItemType
table: <entity> — </entity> <entity type> monetaryItemType </entity type> <context> Insurance proceeds received for damage to property, plant and equipment | 3 | — | — </context>
us-gaap:RepaymentsOfDebt
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>OPERATING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities (see Note 23)</td><td>$</td><td>308</td><td></td><td></td><td>$</td><td>250</td><td></td><td></td><td>$</td><td>303</td><td></td></tr><tr><td>INVESTING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital expenditures, including tooling outlays</td><td>( 105 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 107 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance proceeds received for damage to property, plant and equipment</td><td>3</td><td></td><td></td><td>—</td><td></td><td></td><td>—</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for investment in equity securities</td><td>( 1 )</td><td></td><td></td><td>( 2 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Proceeds from asset disposals and other, net</td><td>2</td><td></td><td></td><td>2</td><td></td><td></td><td>2</td><td></td></tr><tr><td>Net cash used in investing activities</td><td>( 101 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 105 )</td><td></td></tr><tr><td>FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Proceeds from issuance of long-term debt, net of discount</td><td>975</td><td></td><td></td><td>708</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for debt issuance costs</td><td>( 15 )</td><td></td><td></td><td>( 14 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>(Repayments) borrowings under Revolving Facility</td><td>( 75 )</td><td></td><td></td><td>75</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Repayments of debt, including current portion</td><td>( 722 )</td><td></td><td></td><td>( 4 )</td><td></td><td></td><td>( 1 )</td><td></td></tr><tr><td>Cash outflows related to debt due to Former Parent</td><td>—</td><td></td><td></td><td>( 728 )</td><td></td><td></td><td>( 117 )</td><td></td></tr><tr><td>Cash inflows related to debt due from Former Parent</td><td>—</td><td></td><td></td><td>36</td><td></td><td></td><td>140</td><td></td></tr><tr><td>Purchase of noncontrolling interest</td><td>—</td><td></td><td></td><td>—</td><td></td><td></td><td>( 3 )</td><td></td></tr><tr><td>Dividends paid to PHINIA Inc. stockholders</td><td>( 44 )</td><td></td><td></td><td>( 23 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for purchase of treasury stock, including excise tax</td><td>( 212 )</td><td></td><td></td><td>( 24 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net transfers to Former Parent</td><td>—</td><td></td><td></td><td>( 5 )</td><td></td><td></td><td>( 204 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for stock-based compensation items</td><td>( 3 )</td><td></td><td></td><td>( 1 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net cash (used in) provided by financing activities</td><td>( 96 )</td><td></td><td></td><td>20</td><td></td><td></td><td>( 185 )</td><td></td></tr><tr><td>Effect of exchange rate changes on cash</td><td>8</td><td></td><td></td><td>( 6 )</td><td></td><td></td><td>( 21 )</td><td></td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>119</td><td></td><td></td><td>114</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>Cash and cash equivalents at beginning of year Cash and cash equivalents at beginning of year</td><td>365</td><td></td><td></td><td>251</td><td></td><td></td><td>259</td><td></td></tr><tr><td>Cash and cash equivalents at end of year Cash and cash equivalents at end of year</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td><td></td><td>$</td><td>251</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
728
monetaryItemType
table: <entity> 728 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:RepaymentsOfDebt
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>OPERATING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities (see Note 23)</td><td>$</td><td>308</td><td></td><td></td><td>$</td><td>250</td><td></td><td></td><td>$</td><td>303</td><td></td></tr><tr><td>INVESTING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital expenditures, including tooling outlays</td><td>( 105 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 107 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance proceeds received for damage to property, plant and equipment</td><td>3</td><td></td><td></td><td>—</td><td></td><td></td><td>—</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for investment in equity securities</td><td>( 1 )</td><td></td><td></td><td>( 2 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Proceeds from asset disposals and other, net</td><td>2</td><td></td><td></td><td>2</td><td></td><td></td><td>2</td><td></td></tr><tr><td>Net cash used in investing activities</td><td>( 101 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 105 )</td><td></td></tr><tr><td>FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Proceeds from issuance of long-term debt, net of discount</td><td>975</td><td></td><td></td><td>708</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for debt issuance costs</td><td>( 15 )</td><td></td><td></td><td>( 14 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>(Repayments) borrowings under Revolving Facility</td><td>( 75 )</td><td></td><td></td><td>75</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Repayments of debt, including current portion</td><td>( 722 )</td><td></td><td></td><td>( 4 )</td><td></td><td></td><td>( 1 )</td><td></td></tr><tr><td>Cash outflows related to debt due to Former Parent</td><td>—</td><td></td><td></td><td>( 728 )</td><td></td><td></td><td>( 117 )</td><td></td></tr><tr><td>Cash inflows related to debt due from Former Parent</td><td>—</td><td></td><td></td><td>36</td><td></td><td></td><td>140</td><td></td></tr><tr><td>Purchase of noncontrolling interest</td><td>—</td><td></td><td></td><td>—</td><td></td><td></td><td>( 3 )</td><td></td></tr><tr><td>Dividends paid to PHINIA Inc. stockholders</td><td>( 44 )</td><td></td><td></td><td>( 23 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for purchase of treasury stock, including excise tax</td><td>( 212 )</td><td></td><td></td><td>( 24 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net transfers to Former Parent</td><td>—</td><td></td><td></td><td>( 5 )</td><td></td><td></td><td>( 204 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for stock-based compensation items</td><td>( 3 )</td><td></td><td></td><td>( 1 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net cash (used in) provided by financing activities</td><td>( 96 )</td><td></td><td></td><td>20</td><td></td><td></td><td>( 185 )</td><td></td></tr><tr><td>Effect of exchange rate changes on cash</td><td>8</td><td></td><td></td><td>( 6 )</td><td></td><td></td><td>( 21 )</td><td></td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>119</td><td></td><td></td><td>114</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>Cash and cash equivalents at beginning of year Cash and cash equivalents at beginning of year</td><td>365</td><td></td><td></td><td>251</td><td></td><td></td><td>259</td><td></td></tr><tr><td>Cash and cash equivalents at end of year Cash and cash equivalents at end of year</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td><td></td><td>$</td><td>251</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
117
monetaryItemType
table: <entity> 117 </entity> <entity type> monetaryItemType </entity type> <context> None </context>
us-gaap:RepaymentsOfDebt
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>OPERATING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities (see Note 23)</td><td>$</td><td>308</td><td></td><td></td><td>$</td><td>250</td><td></td><td></td><td>$</td><td>303</td><td></td></tr><tr><td>INVESTING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital expenditures, including tooling outlays</td><td>( 105 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 107 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance proceeds received for damage to property, plant and equipment</td><td>3</td><td></td><td></td><td>—</td><td></td><td></td><td>—</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for investment in equity securities</td><td>( 1 )</td><td></td><td></td><td>( 2 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Proceeds from asset disposals and other, net</td><td>2</td><td></td><td></td><td>2</td><td></td><td></td><td>2</td><td></td></tr><tr><td>Net cash used in investing activities</td><td>( 101 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 105 )</td><td></td></tr><tr><td>FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Proceeds from issuance of long-term debt, net of discount</td><td>975</td><td></td><td></td><td>708</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for debt issuance costs</td><td>( 15 )</td><td></td><td></td><td>( 14 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>(Repayments) borrowings under Revolving Facility</td><td>( 75 )</td><td></td><td></td><td>75</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Repayments of debt, including current portion</td><td>( 722 )</td><td></td><td></td><td>( 4 )</td><td></td><td></td><td>( 1 )</td><td></td></tr><tr><td>Cash outflows related to debt due to Former Parent</td><td>—</td><td></td><td></td><td>( 728 )</td><td></td><td></td><td>( 117 )</td><td></td></tr><tr><td>Cash inflows related to debt due from Former Parent</td><td>—</td><td></td><td></td><td>36</td><td></td><td></td><td>140</td><td></td></tr><tr><td>Purchase of noncontrolling interest</td><td>—</td><td></td><td></td><td>—</td><td></td><td></td><td>( 3 )</td><td></td></tr><tr><td>Dividends paid to PHINIA Inc. stockholders</td><td>( 44 )</td><td></td><td></td><td>( 23 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for purchase of treasury stock, including excise tax</td><td>( 212 )</td><td></td><td></td><td>( 24 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net transfers to Former Parent</td><td>—</td><td></td><td></td><td>( 5 )</td><td></td><td></td><td>( 204 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for stock-based compensation items</td><td>( 3 )</td><td></td><td></td><td>( 1 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net cash (used in) provided by financing activities</td><td>( 96 )</td><td></td><td></td><td>20</td><td></td><td></td><td>( 185 )</td><td></td></tr><tr><td>Effect of exchange rate changes on cash</td><td>8</td><td></td><td></td><td>( 6 )</td><td></td><td></td><td>( 21 )</td><td></td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>119</td><td></td><td></td><td>114</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>Cash and cash equivalents at beginning of year Cash and cash equivalents at beginning of year</td><td>365</td><td></td><td></td><td>251</td><td></td><td></td><td>259</td><td></td></tr><tr><td>Cash and cash equivalents at end of year Cash and cash equivalents at end of year</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td><td></td><td>$</td><td>251</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
—
monetaryItemType
table: <entity> — </entity> <entity type> monetaryItemType </entity type> <context> Insurance proceeds received for damage to property, plant and equipment | 3 | — | — </context>
us-gaap:ProceedsFromIssuanceOfDebt
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>OPERATING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities (see Note 23)</td><td>$</td><td>308</td><td></td><td></td><td>$</td><td>250</td><td></td><td></td><td>$</td><td>303</td><td></td></tr><tr><td>INVESTING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital expenditures, including tooling outlays</td><td>( 105 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 107 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance proceeds received for damage to property, plant and equipment</td><td>3</td><td></td><td></td><td>—</td><td></td><td></td><td>—</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for investment in equity securities</td><td>( 1 )</td><td></td><td></td><td>( 2 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Proceeds from asset disposals and other, net</td><td>2</td><td></td><td></td><td>2</td><td></td><td></td><td>2</td><td></td></tr><tr><td>Net cash used in investing activities</td><td>( 101 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 105 )</td><td></td></tr><tr><td>FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Proceeds from issuance of long-term debt, net of discount</td><td>975</td><td></td><td></td><td>708</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for debt issuance costs</td><td>( 15 )</td><td></td><td></td><td>( 14 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>(Repayments) borrowings under Revolving Facility</td><td>( 75 )</td><td></td><td></td><td>75</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Repayments of debt, including current portion</td><td>( 722 )</td><td></td><td></td><td>( 4 )</td><td></td><td></td><td>( 1 )</td><td></td></tr><tr><td>Cash outflows related to debt due to Former Parent</td><td>—</td><td></td><td></td><td>( 728 )</td><td></td><td></td><td>( 117 )</td><td></td></tr><tr><td>Cash inflows related to debt due from Former Parent</td><td>—</td><td></td><td></td><td>36</td><td></td><td></td><td>140</td><td></td></tr><tr><td>Purchase of noncontrolling interest</td><td>—</td><td></td><td></td><td>—</td><td></td><td></td><td>( 3 )</td><td></td></tr><tr><td>Dividends paid to PHINIA Inc. stockholders</td><td>( 44 )</td><td></td><td></td><td>( 23 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for purchase of treasury stock, including excise tax</td><td>( 212 )</td><td></td><td></td><td>( 24 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net transfers to Former Parent</td><td>—</td><td></td><td></td><td>( 5 )</td><td></td><td></td><td>( 204 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for stock-based compensation items</td><td>( 3 )</td><td></td><td></td><td>( 1 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net cash (used in) provided by financing activities</td><td>( 96 )</td><td></td><td></td><td>20</td><td></td><td></td><td>( 185 )</td><td></td></tr><tr><td>Effect of exchange rate changes on cash</td><td>8</td><td></td><td></td><td>( 6 )</td><td></td><td></td><td>( 21 )</td><td></td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>119</td><td></td><td></td><td>114</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>Cash and cash equivalents at beginning of year Cash and cash equivalents at beginning of year</td><td>365</td><td></td><td></td><td>251</td><td></td><td></td><td>259</td><td></td></tr><tr><td>Cash and cash equivalents at end of year Cash and cash equivalents at end of year</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td><td></td><td>$</td><td>251</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
36
monetaryItemType
table: <entity> 36 </entity> <entity type> monetaryItemType </entity type> <context> Cash inflows related to debt due from Former Parent | — | 36 | 140 </context>
us-gaap:ProceedsFromIssuanceOfDebt
<table><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td>Year Ended December 31,</td></tr><tr><td>(in millions)</td><td>2024</td><td></td><td>2023</td><td></td><td>2022</td></tr><tr><td>OPERATING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Net cash provided by operating activities (see Note 23)</td><td>$</td><td>308</td><td></td><td></td><td>$</td><td>250</td><td></td><td></td><td>$</td><td>303</td><td></td></tr><tr><td>INVESTING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Capital expenditures, including tooling outlays</td><td>( 105 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 107 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Insurance proceeds received for damage to property, plant and equipment</td><td>3</td><td></td><td></td><td>—</td><td></td><td></td><td>—</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for investment in equity securities</td><td>( 1 )</td><td></td><td></td><td>( 2 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Proceeds from asset disposals and other, net</td><td>2</td><td></td><td></td><td>2</td><td></td><td></td><td>2</td><td></td></tr><tr><td>Net cash used in investing activities</td><td>( 101 )</td><td></td><td></td><td>( 150 )</td><td></td><td></td><td>( 105 )</td><td></td></tr><tr><td>FINANCING</td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Proceeds from issuance of long-term debt, net of discount</td><td>975</td><td></td><td></td><td>708</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for debt issuance costs</td><td>( 15 )</td><td></td><td></td><td>( 14 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>(Repayments) borrowings under Revolving Facility</td><td>( 75 )</td><td></td><td></td><td>75</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Repayments of debt, including current portion</td><td>( 722 )</td><td></td><td></td><td>( 4 )</td><td></td><td></td><td>( 1 )</td><td></td></tr><tr><td>Cash outflows related to debt due to Former Parent</td><td>—</td><td></td><td></td><td>( 728 )</td><td></td><td></td><td>( 117 )</td><td></td></tr><tr><td>Cash inflows related to debt due from Former Parent</td><td>—</td><td></td><td></td><td>36</td><td></td><td></td><td>140</td><td></td></tr><tr><td>Purchase of noncontrolling interest</td><td>—</td><td></td><td></td><td>—</td><td></td><td></td><td>( 3 )</td><td></td></tr><tr><td>Dividends paid to PHINIA Inc. stockholders</td><td>( 44 )</td><td></td><td></td><td>( 23 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Payments for purchase of treasury stock, including excise tax</td><td>( 212 )</td><td></td><td></td><td>( 24 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net transfers to Former Parent</td><td>—</td><td></td><td></td><td>( 5 )</td><td></td><td></td><td>( 204 )</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td>Payments for stock-based compensation items</td><td>( 3 )</td><td></td><td></td><td>( 1 )</td><td></td><td></td><td>—</td><td></td></tr><tr><td>Net cash (used in) provided by financing activities</td><td>( 96 )</td><td></td><td></td><td>20</td><td></td><td></td><td>( 185 )</td><td></td></tr><tr><td>Effect of exchange rate changes on cash</td><td>8</td><td></td><td></td><td>( 6 )</td><td></td><td></td><td>( 21 )</td><td></td></tr><tr><td>Net increase (decrease) in cash and cash equivalents</td><td>119</td><td></td><td></td><td>114</td><td></td><td></td><td>( 8 )</td><td></td></tr><tr><td>Cash and cash equivalents at beginning of year Cash and cash equivalents at beginning of year</td><td>365</td><td></td><td></td><td>251</td><td></td><td></td><td>259</td><td></td></tr><tr><td>Cash and cash equivalents at end of year Cash and cash equivalents at end of year</td><td>$</td><td>484</td><td></td><td></td><td>$</td><td>365</td><td></td><td></td><td>$</td><td>251</td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>
table
140
monetaryItemType
table: <entity> 140 </entity> <entity type> monetaryItemType </entity type> <context> Cash inflows related to debt due from Former Parent | — | 36 | 140 </context>
us-gaap:ProceedsFromIssuanceOfDebt