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In January 2025, we acquired two facilities in Texas for consideration of $ 10.6 million and leased them to one new operator. The facilities have an initial annual cash yield of 9.9 % with annual escalators of 2.0 %. | text | two | integerItemType | text: <entity> two </entity> <entity type> integerItemType </entity type> <context> In January 2025, we acquired two facilities in Texas for consideration of $ 10.6 million and leased them to one new operator. The facilities have an initial annual cash yield of 9.9 % with annual escalators of 2.0 %. </context> | us-gaap:NumberOfRealEstateProperties |
In January 2025, we acquired two facilities in Texas for consideration of $ 10.6 million and leased them to one new operator. The facilities have an initial annual cash yield of 9.9 % with annual escalators of 2.0 %. | text | 10.6 | monetaryItemType | text: <entity> 10.6 </entity> <entity type> monetaryItemType </entity type> <context> In January 2025, we acquired two facilities in Texas for consideration of $ 10.6 million and leased them to one new operator. The facilities have an initial annual cash yield of 9.9 % with annual escalators of 2.0 %. </context> | us-gaap:PaymentsToAcquireRealEstate |
All costs incurred directly in satisfaction of our performance obligations associated with revenue are reported in cost of goods sold on the statements of operations. We also provide certain customers with incremental up-front consideration, subject to clawback provisions, including Business Incentive Plan assets (“BIPs”), which is capitalized and amortized over the estimated life of the contractual arrangement as a reduction of net sales. We do not receive a distinct service or good in return for these BIPs, but rather receive volume commitments and/or sole supplier status from our customers over the life of the contractual arrangements, which approximates a five-year weighted average useful life. The termination clauses in these contractual arrangements generally include standard clawback provisions that are designed to enable us to collect monetary damages in the event of a customer's failure to meet its commitments under the relevant contract. At December 31, 2024 and 2023, the total carrying value of BIPs were $ 169 million and $ 149 million, respectively, and are presented within other assets in the consolidated balance sheets. For the years ended December 31, 2024, 2023 and 2022, $ 59 million, $ 64 million and $ 59 million, respectively, was amortized and reflected as reductions of net sales in the consolidated statements of operations. | text | 169 | monetaryItemType | text: <entity> 169 </entity> <entity type> monetaryItemType </entity type> <context> All costs incurred directly in satisfaction of our performance obligations associated with revenue are reported in cost of goods sold on the statements of operations. We also provide certain customers with incremental up-front consideration, subject to clawback provisions, including Business Incentive Plan assets (“BIPs”), which is capitalized and amortized over the estimated life of the contractual arrangement as a reduction of net sales. We do not receive a distinct service or good in return for these BIPs, but rather receive volume commitments and/or sole supplier status from our customers over the life of the contractual arrangements, which approximates a five-year weighted average useful life. The termination clauses in these contractual arrangements generally include standard clawback provisions that are designed to enable us to collect monetary damages in the event of a customer's failure to meet its commitments under the relevant contract. At December 31, 2024 and 2023, the total carrying value of BIPs were $ 169 million and $ 149 million, respectively, and are presented within other assets in the consolidated balance sheets. For the years ended December 31, 2024, 2023 and 2022, $ 59 million, $ 64 million and $ 59 million, respectively, was amortized and reflected as reductions of net sales in the consolidated statements of operations. </context> | us-gaap:CapitalizedContractCostNet |
All costs incurred directly in satisfaction of our performance obligations associated with revenue are reported in cost of goods sold on the statements of operations. We also provide certain customers with incremental up-front consideration, subject to clawback provisions, including Business Incentive Plan assets (“BIPs”), which is capitalized and amortized over the estimated life of the contractual arrangement as a reduction of net sales. We do not receive a distinct service or good in return for these BIPs, but rather receive volume commitments and/or sole supplier status from our customers over the life of the contractual arrangements, which approximates a five-year weighted average useful life. The termination clauses in these contractual arrangements generally include standard clawback provisions that are designed to enable us to collect monetary damages in the event of a customer's failure to meet its commitments under the relevant contract. At December 31, 2024 and 2023, the total carrying value of BIPs were $ 169 million and $ 149 million, respectively, and are presented within other assets in the consolidated balance sheets. For the years ended December 31, 2024, 2023 and 2022, $ 59 million, $ 64 million and $ 59 million, respectively, was amortized and reflected as reductions of net sales in the consolidated statements of operations. | text | 149 | monetaryItemType | text: <entity> 149 </entity> <entity type> monetaryItemType </entity type> <context> All costs incurred directly in satisfaction of our performance obligations associated with revenue are reported in cost of goods sold on the statements of operations. We also provide certain customers with incremental up-front consideration, subject to clawback provisions, including Business Incentive Plan assets (“BIPs”), which is capitalized and amortized over the estimated life of the contractual arrangement as a reduction of net sales. We do not receive a distinct service or good in return for these BIPs, but rather receive volume commitments and/or sole supplier status from our customers over the life of the contractual arrangements, which approximates a five-year weighted average useful life. The termination clauses in these contractual arrangements generally include standard clawback provisions that are designed to enable us to collect monetary damages in the event of a customer's failure to meet its commitments under the relevant contract. At December 31, 2024 and 2023, the total carrying value of BIPs were $ 169 million and $ 149 million, respectively, and are presented within other assets in the consolidated balance sheets. For the years ended December 31, 2024, 2023 and 2022, $ 59 million, $ 64 million and $ 59 million, respectively, was amortized and reflected as reductions of net sales in the consolidated statements of operations. </context> | us-gaap:CapitalizedContractCostNet |
All costs incurred directly in satisfaction of our performance obligations associated with revenue are reported in cost of goods sold on the statements of operations. We also provide certain customers with incremental up-front consideration, subject to clawback provisions, including Business Incentive Plan assets (“BIPs”), which is capitalized and amortized over the estimated life of the contractual arrangement as a reduction of net sales. We do not receive a distinct service or good in return for these BIPs, but rather receive volume commitments and/or sole supplier status from our customers over the life of the contractual arrangements, which approximates a five-year weighted average useful life. The termination clauses in these contractual arrangements generally include standard clawback provisions that are designed to enable us to collect monetary damages in the event of a customer's failure to meet its commitments under the relevant contract. At December 31, 2024 and 2023, the total carrying value of BIPs were $ 169 million and $ 149 million, respectively, and are presented within other assets in the consolidated balance sheets. For the years ended December 31, 2024, 2023 and 2022, $ 59 million, $ 64 million and $ 59 million, respectively, was amortized and reflected as reductions of net sales in the consolidated statements of operations. | text | 59 | monetaryItemType | text: <entity> 59 </entity> <entity type> monetaryItemType </entity type> <context> All costs incurred directly in satisfaction of our performance obligations associated with revenue are reported in cost of goods sold on the statements of operations. We also provide certain customers with incremental up-front consideration, subject to clawback provisions, including Business Incentive Plan assets (“BIPs”), which is capitalized and amortized over the estimated life of the contractual arrangement as a reduction of net sales. We do not receive a distinct service or good in return for these BIPs, but rather receive volume commitments and/or sole supplier status from our customers over the life of the contractual arrangements, which approximates a five-year weighted average useful life. The termination clauses in these contractual arrangements generally include standard clawback provisions that are designed to enable us to collect monetary damages in the event of a customer's failure to meet its commitments under the relevant contract. At December 31, 2024 and 2023, the total carrying value of BIPs were $ 169 million and $ 149 million, respectively, and are presented within other assets in the consolidated balance sheets. For the years ended December 31, 2024, 2023 and 2022, $ 59 million, $ 64 million and $ 59 million, respectively, was amortized and reflected as reductions of net sales in the consolidated statements of operations. </context> | us-gaap:CapitalizedContractCostAmortization |
All costs incurred directly in satisfaction of our performance obligations associated with revenue are reported in cost of goods sold on the statements of operations. We also provide certain customers with incremental up-front consideration, subject to clawback provisions, including Business Incentive Plan assets (“BIPs”), which is capitalized and amortized over the estimated life of the contractual arrangement as a reduction of net sales. We do not receive a distinct service or good in return for these BIPs, but rather receive volume commitments and/or sole supplier status from our customers over the life of the contractual arrangements, which approximates a five-year weighted average useful life. The termination clauses in these contractual arrangements generally include standard clawback provisions that are designed to enable us to collect monetary damages in the event of a customer's failure to meet its commitments under the relevant contract. At December 31, 2024 and 2023, the total carrying value of BIPs were $ 169 million and $ 149 million, respectively, and are presented within other assets in the consolidated balance sheets. For the years ended December 31, 2024, 2023 and 2022, $ 59 million, $ 64 million and $ 59 million, respectively, was amortized and reflected as reductions of net sales in the consolidated statements of operations. | text | 64 | monetaryItemType | text: <entity> 64 </entity> <entity type> monetaryItemType </entity type> <context> All costs incurred directly in satisfaction of our performance obligations associated with revenue are reported in cost of goods sold on the statements of operations. We also provide certain customers with incremental up-front consideration, subject to clawback provisions, including Business Incentive Plan assets (“BIPs”), which is capitalized and amortized over the estimated life of the contractual arrangement as a reduction of net sales. We do not receive a distinct service or good in return for these BIPs, but rather receive volume commitments and/or sole supplier status from our customers over the life of the contractual arrangements, which approximates a five-year weighted average useful life. The termination clauses in these contractual arrangements generally include standard clawback provisions that are designed to enable us to collect monetary damages in the event of a customer's failure to meet its commitments under the relevant contract. At December 31, 2024 and 2023, the total carrying value of BIPs were $ 169 million and $ 149 million, respectively, and are presented within other assets in the consolidated balance sheets. For the years ended December 31, 2024, 2023 and 2022, $ 59 million, $ 64 million and $ 59 million, respectively, was amortized and reflected as reductions of net sales in the consolidated statements of operations. </context> | us-gaap:CapitalizedContractCostAmortization |
Consideration for products in which control has transferred to our customers that is conditional on something other than the passage of time is recorded as a contract asset within prepaid expenses and other current assets in the consolidated balance sheets. The contract asset balances at December 31, 2024 and 2023 were $ 36 million and $ 39 million, respectively. | text | 36 | monetaryItemType | text: <entity> 36 </entity> <entity type> monetaryItemType </entity type> <context> Consideration for products in which control has transferred to our customers that is conditional on something other than the passage of time is recorded as a contract asset within prepaid expenses and other current assets in the consolidated balance sheets. The contract asset balances at December 31, 2024 and 2023 were $ 36 million and $ 39 million, respectively. </context> | us-gaap:ContractWithCustomerAssetNet |
Consideration for products in which control has transferred to our customers that is conditional on something other than the passage of time is recorded as a contract asset within prepaid expenses and other current assets in the consolidated balance sheets. The contract asset balances at December 31, 2024 and 2023 were $ 36 million and $ 39 million, respectively. | text | 39 | monetaryItemType | text: <entity> 39 </entity> <entity type> monetaryItemType </entity type> <context> Consideration for products in which control has transferred to our customers that is conditional on something other than the passage of time is recorded as a contract asset within prepaid expenses and other current assets in the consolidated balance sheets. The contract asset balances at December 31, 2024 and 2023 were $ 36 million and $ 39 million, respectively. </context> | us-gaap:ContractWithCustomerAssetNet |
On July 2, 2024, we completed the acquisition of CoverFlexx from Transtar Holding Company for an aggregate purchase price of $ 290 million. The acquisition of CoverFlexx, a leading aftermarket coatings business focused on economy customers in North America, strengthens Axalta's position in the refinish economy customer segment and supports its broader growth strategy. The results of the business have been reported within our Performance Coatings segment since the acquisition date. The CoverFlexx acquisition was recorded as a business combination under FASB Accounting Standards Codification (“ASC”) 805, | text | 290 | monetaryItemType | text: <entity> 290 </entity> <entity type> monetaryItemType </entity type> <context> On July 2, 2024, we completed the acquisition of CoverFlexx from Transtar Holding Company for an aggregate purchase price of $ 290 million. The acquisition of CoverFlexx, a leading aftermarket coatings business focused on economy customers in North America, strengthens Axalta's position in the refinish economy customer segment and supports its broader growth strategy. The results of the business have been reported within our Performance Coatings segment since the acquisition date. The CoverFlexx acquisition was recorded as a business combination under FASB Accounting Standards Codification (“ASC”) 805, </context> | us-gaap:BusinessCombinationConsiderationTransferred1 |
Goodwill was recognized as the excess of the purchase price over the net identifiable assets recognized. The goodwill is primarily attributed to the assembled workforce and the anticipated future economic benefits of the business and is allocated to our refinish reporting unit, which is part of our Performance Coatings operating segment. The goodwill recognized at December 31, 2024 that is expected to be deductible for income tax purposes is $ 98 million. | text | 98 | monetaryItemType | text: <entity> 98 </entity> <entity type> monetaryItemType </entity type> <context> Goodwill was recognized as the excess of the purchase price over the net identifiable assets recognized. The goodwill is primarily attributed to the assembled workforce and the anticipated future economic benefits of the business and is allocated to our refinish reporting unit, which is part of our Performance Coatings operating segment. The goodwill recognized at December 31, 2024 that is expected to be deductible for income tax purposes is $ 98 million. </context> | us-gaap:BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount |
We incurred and expensed acquisition-related transaction costs for the CoverFlexx acquisition of $ 3 million, included within other operating charges on the consolidated statements of operations for the year ended December 31, 2024. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> We incurred and expensed acquisition-related transaction costs for the CoverFlexx acquisition of $ 3 million, included within other operating charges on the consolidated statements of operations for the year ended December 31, 2024. </context> | us-gaap:BusinessCombinationSeparatelyRecognizedTransactionsAdditionalDisclosuresAcquisitionCostExpensed |
The fair value associated with definite-lived intangible assets is $ 144 million, which comprises $ 123 million in customer relationships, $ 16 million in trademarks and $ 5 million in developed technology. The definite-lived intangible assets will be amortized over a weighted average term of 18.4 years. | text | 144 | monetaryItemType | text: <entity> 144 </entity> <entity type> monetaryItemType </entity type> <context> The fair value associated with definite-lived intangible assets is $ 144 million, which comprises $ 123 million in customer relationships, $ 16 million in trademarks and $ 5 million in developed technology. The definite-lived intangible assets will be amortized over a weighted average term of 18.4 years. </context> | us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles |
The fair value associated with definite-lived intangible assets is $ 144 million, which comprises $ 123 million in customer relationships, $ 16 million in trademarks and $ 5 million in developed technology. The definite-lived intangible assets will be amortized over a weighted average term of 18.4 years. | text | 123 | monetaryItemType | text: <entity> 123 </entity> <entity type> monetaryItemType </entity type> <context> The fair value associated with definite-lived intangible assets is $ 144 million, which comprises $ 123 million in customer relationships, $ 16 million in trademarks and $ 5 million in developed technology. The definite-lived intangible assets will be amortized over a weighted average term of 18.4 years. </context> | us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles |
The fair value associated with definite-lived intangible assets is $ 144 million, which comprises $ 123 million in customer relationships, $ 16 million in trademarks and $ 5 million in developed technology. The definite-lived intangible assets will be amortized over a weighted average term of 18.4 years. | text | 16 | monetaryItemType | text: <entity> 16 </entity> <entity type> monetaryItemType </entity type> <context> The fair value associated with definite-lived intangible assets is $ 144 million, which comprises $ 123 million in customer relationships, $ 16 million in trademarks and $ 5 million in developed technology. The definite-lived intangible assets will be amortized over a weighted average term of 18.4 years. </context> | us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles |
The fair value associated with definite-lived intangible assets is $ 144 million, which comprises $ 123 million in customer relationships, $ 16 million in trademarks and $ 5 million in developed technology. The definite-lived intangible assets will be amortized over a weighted average term of 18.4 years. | text | 5 | monetaryItemType | text: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> The fair value associated with definite-lived intangible assets is $ 144 million, which comprises $ 123 million in customer relationships, $ 16 million in trademarks and $ 5 million in developed technology. The definite-lived intangible assets will be amortized over a weighted average term of 18.4 years. </context> | us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles |
During the year ended December 31, 2024, incremental to the CoverFlexx acquisition, we successfully completed three strategic acquisitions, all based in Europe, and operating within our Performance Coatings segment (“2024 European Acquisitions”). The 2024 European Acquisitions were accounted for as business combinations and the aggregate consideration for these acquisitions was $ 15 million, of which $ 11 million was paid, net of $ 3 million cash acquired, during the year ended December 31, 2024. The overall impacts to our consolidated financial statements were not considered to be material, either individually or in the aggregate. The fair value associated with identifiable intangible assets from the 2024 European Acquisitions was $ 4 million, primarily comprising customer relationship assets, which will be amortized over a weighted average term of approximately 10.0 years. | text | three | integerItemType | text: <entity> three </entity> <entity type> integerItemType </entity type> <context> During the year ended December 31, 2024, incremental to the CoverFlexx acquisition, we successfully completed three strategic acquisitions, all based in Europe, and operating within our Performance Coatings segment (“2024 European Acquisitions”). The 2024 European Acquisitions were accounted for as business combinations and the aggregate consideration for these acquisitions was $ 15 million, of which $ 11 million was paid, net of $ 3 million cash acquired, during the year ended December 31, 2024. The overall impacts to our consolidated financial statements were not considered to be material, either individually or in the aggregate. The fair value associated with identifiable intangible assets from the 2024 European Acquisitions was $ 4 million, primarily comprising customer relationship assets, which will be amortized over a weighted average term of approximately 10.0 years. </context> | us-gaap:NumberOfBusinessesAcquired |
During the year ended December 31, 2024, incremental to the CoverFlexx acquisition, we successfully completed three strategic acquisitions, all based in Europe, and operating within our Performance Coatings segment (“2024 European Acquisitions”). The 2024 European Acquisitions were accounted for as business combinations and the aggregate consideration for these acquisitions was $ 15 million, of which $ 11 million was paid, net of $ 3 million cash acquired, during the year ended December 31, 2024. The overall impacts to our consolidated financial statements were not considered to be material, either individually or in the aggregate. The fair value associated with identifiable intangible assets from the 2024 European Acquisitions was $ 4 million, primarily comprising customer relationship assets, which will be amortized over a weighted average term of approximately 10.0 years. | text | 15 | monetaryItemType | text: <entity> 15 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024, incremental to the CoverFlexx acquisition, we successfully completed three strategic acquisitions, all based in Europe, and operating within our Performance Coatings segment (“2024 European Acquisitions”). The 2024 European Acquisitions were accounted for as business combinations and the aggregate consideration for these acquisitions was $ 15 million, of which $ 11 million was paid, net of $ 3 million cash acquired, during the year ended December 31, 2024. The overall impacts to our consolidated financial statements were not considered to be material, either individually or in the aggregate. The fair value associated with identifiable intangible assets from the 2024 European Acquisitions was $ 4 million, primarily comprising customer relationship assets, which will be amortized over a weighted average term of approximately 10.0 years. </context> | us-gaap:BusinessCombinationConsiderationTransferred1 |
During the year ended December 31, 2024, incremental to the CoverFlexx acquisition, we successfully completed three strategic acquisitions, all based in Europe, and operating within our Performance Coatings segment (“2024 European Acquisitions”). The 2024 European Acquisitions were accounted for as business combinations and the aggregate consideration for these acquisitions was $ 15 million, of which $ 11 million was paid, net of $ 3 million cash acquired, during the year ended December 31, 2024. The overall impacts to our consolidated financial statements were not considered to be material, either individually or in the aggregate. The fair value associated with identifiable intangible assets from the 2024 European Acquisitions was $ 4 million, primarily comprising customer relationship assets, which will be amortized over a weighted average term of approximately 10.0 years. | text | 11 | monetaryItemType | text: <entity> 11 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024, incremental to the CoverFlexx acquisition, we successfully completed three strategic acquisitions, all based in Europe, and operating within our Performance Coatings segment (“2024 European Acquisitions”). The 2024 European Acquisitions were accounted for as business combinations and the aggregate consideration for these acquisitions was $ 15 million, of which $ 11 million was paid, net of $ 3 million cash acquired, during the year ended December 31, 2024. The overall impacts to our consolidated financial statements were not considered to be material, either individually or in the aggregate. The fair value associated with identifiable intangible assets from the 2024 European Acquisitions was $ 4 million, primarily comprising customer relationship assets, which will be amortized over a weighted average term of approximately 10.0 years. </context> | us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired |
During the year ended December 31, 2024, incremental to the CoverFlexx acquisition, we successfully completed three strategic acquisitions, all based in Europe, and operating within our Performance Coatings segment (“2024 European Acquisitions”). The 2024 European Acquisitions were accounted for as business combinations and the aggregate consideration for these acquisitions was $ 15 million, of which $ 11 million was paid, net of $ 3 million cash acquired, during the year ended December 31, 2024. The overall impacts to our consolidated financial statements were not considered to be material, either individually or in the aggregate. The fair value associated with identifiable intangible assets from the 2024 European Acquisitions was $ 4 million, primarily comprising customer relationship assets, which will be amortized over a weighted average term of approximately 10.0 years. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024, incremental to the CoverFlexx acquisition, we successfully completed three strategic acquisitions, all based in Europe, and operating within our Performance Coatings segment (“2024 European Acquisitions”). The 2024 European Acquisitions were accounted for as business combinations and the aggregate consideration for these acquisitions was $ 15 million, of which $ 11 million was paid, net of $ 3 million cash acquired, during the year ended December 31, 2024. The overall impacts to our consolidated financial statements were not considered to be material, either individually or in the aggregate. The fair value associated with identifiable intangible assets from the 2024 European Acquisitions was $ 4 million, primarily comprising customer relationship assets, which will be amortized over a weighted average term of approximately 10.0 years. </context> | us-gaap:CashAcquiredFromAcquisition |
During the year ended December 31, 2024, incremental to the CoverFlexx acquisition, we successfully completed three strategic acquisitions, all based in Europe, and operating within our Performance Coatings segment (“2024 European Acquisitions”). The 2024 European Acquisitions were accounted for as business combinations and the aggregate consideration for these acquisitions was $ 15 million, of which $ 11 million was paid, net of $ 3 million cash acquired, during the year ended December 31, 2024. The overall impacts to our consolidated financial statements were not considered to be material, either individually or in the aggregate. The fair value associated with identifiable intangible assets from the 2024 European Acquisitions was $ 4 million, primarily comprising customer relationship assets, which will be amortized over a weighted average term of approximately 10.0 years. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> During the year ended December 31, 2024, incremental to the CoverFlexx acquisition, we successfully completed three strategic acquisitions, all based in Europe, and operating within our Performance Coatings segment (“2024 European Acquisitions”). The 2024 European Acquisitions were accounted for as business combinations and the aggregate consideration for these acquisitions was $ 15 million, of which $ 11 million was paid, net of $ 3 million cash acquired, during the year ended December 31, 2024. The overall impacts to our consolidated financial statements were not considered to be material, either individually or in the aggregate. The fair value associated with identifiable intangible assets from the 2024 European Acquisitions was $ 4 million, primarily comprising customer relationship assets, which will be amortized over a weighted average term of approximately 10.0 years. </context> | us-gaap:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles |
During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . | text | 600 | integerItemType | text: <entity> 600 </entity> <entity type> integerItemType </entity type> <context> During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . </context> | us-gaap:RestructuringAndRelatedCostNumberOfPositionsEliminated |
During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . | text | 75 | monetaryItemType | text: <entity> 75 </entity> <entity type> monetaryItemType </entity type> <context> During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . </context> | us-gaap:RestructuringAndRelatedCostExpectedCost1 |
During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . | text | 70 | monetaryItemType | text: <entity> 70 </entity> <entity type> monetaryItemType </entity type> <context> During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . </context> | us-gaap:SeveranceCosts1 |
During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . | text | 5 | monetaryItemType | text: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . </context> | us-gaap:RestructuringReserveAcceleratedDepreciation |
During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . | text | 100 | monetaryItemType | text: <entity> 100 </entity> <entity type> monetaryItemType </entity type> <context> During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . </context> | us-gaap:PaymentsForRestructuring |
During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . | text | 110 | monetaryItemType | text: <entity> 110 </entity> <entity type> monetaryItemType </entity type> <context> During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . </context> | us-gaap:PaymentsForRestructuring |
During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . | text | 30 | monetaryItemType | text: <entity> 30 </entity> <entity type> monetaryItemType </entity type> <context> During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . </context> | us-gaap:PaymentsForRestructuring |
During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . | text | 40 | monetaryItemType | text: <entity> 40 </entity> <entity type> monetaryItemType </entity type> <context> During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . </context> | us-gaap:PaymentsForRestructuring |
During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . | text | 71 | monetaryItemType | text: <entity> 71 </entity> <entity type> monetaryItemType </entity type> <context> During February 2024, we announced a global transformation initiative intended to simplify the Company’s organizational structure and enable us to be more proactive, responsive, and agile and to better serve our customers and to lower our cost base and improve financial performance and cash flow generation. The 2024 Transformation Initiative actions, certain of which are subject to the satisfaction of local law requirements in various jurisdictions, commenced in the first quarter of 2024 and we expect them to be completed by 2026. The 2024 Transformation Initiative is expected to result in a net reduction to our workforce of approximately 600 employees globally and total pre-tax charges of approximately $ 75 million in the aggregate, of which approximately $ 70 million represents severance and other exit-related costs and approximately $ 5 million represents non-cash accelerated depreciation charges. Total cash expenditures related to the 2024 Transformation Initiative are expected to be approximately $ 100 - 110 million, inclusive of $ 30 - 40 million for capital expenditures to, among other things, shift manufacturing capacity or capabilities. The 2024 Transformation Initiative resulted in pre-tax charges of $ 71 million for the year ended December 31, 2024, which primarily relates to employee severance and other exit costs . </context> | us-gaap:RestructuringCharges |
During the years ended December 31, 2024, 2023 and 2022, we incurred costs of $ 65 million, $ 4 million, and $ 24 million, respectively, for termination benefits, net of changes in estimates. The majority of our termination benefits are recorded within other operating charges in the consolidated statements of operations. The remaining payments associated with these actions are expected to be substantially completed within 18 months. | text | 65 | monetaryItemType | text: <entity> 65 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2024, 2023 and 2022, we incurred costs of $ 65 million, $ 4 million, and $ 24 million, respectively, for termination benefits, net of changes in estimates. The majority of our termination benefits are recorded within other operating charges in the consolidated statements of operations. The remaining payments associated with these actions are expected to be substantially completed within 18 months. </context> | us-gaap:RestructuringCharges |
During the years ended December 31, 2024, 2023 and 2022, we incurred costs of $ 65 million, $ 4 million, and $ 24 million, respectively, for termination benefits, net of changes in estimates. The majority of our termination benefits are recorded within other operating charges in the consolidated statements of operations. The remaining payments associated with these actions are expected to be substantially completed within 18 months. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2024, 2023 and 2022, we incurred costs of $ 65 million, $ 4 million, and $ 24 million, respectively, for termination benefits, net of changes in estimates. The majority of our termination benefits are recorded within other operating charges in the consolidated statements of operations. The remaining payments associated with these actions are expected to be substantially completed within 18 months. </context> | us-gaap:RestructuringCharges |
During the years ended December 31, 2024, 2023 and 2022, we incurred costs of $ 65 million, $ 4 million, and $ 24 million, respectively, for termination benefits, net of changes in estimates. The majority of our termination benefits are recorded within other operating charges in the consolidated statements of operations. The remaining payments associated with these actions are expected to be substantially completed within 18 months. | text | 24 | monetaryItemType | text: <entity> 24 </entity> <entity type> monetaryItemType </entity type> <context> During the years ended December 31, 2024, 2023 and 2022, we incurred costs of $ 65 million, $ 4 million, and $ 24 million, respectively, for termination benefits, net of changes in estimates. The majority of our termination benefits are recorded within other operating charges in the consolidated statements of operations. The remaining payments associated with these actions are expected to be substantially completed within 18 months. </context> | us-gaap:RestructuringCharges |
We guarantee certain of our customers' obligations to third parties, whereby any default by our customers on their obligations could force us to make payments to the applicable creditors (“Customer Obligation Guarantees”). At December 31, 2024 and 2023, we had outstanding Customer Obligation Guarantees of $ 23 million and $ 10 million, respectively, excluding certain outstanding Customer Obligation Guarantees secured by letters of credit under the Revolving Credit Facility discussed further in Note 19. Excluding Customer Obligation Guarantees secured by letters of credit under the Revolving Credit Facility, substantially all of our Customer Obligation Guarantees do not have specified expiration dates. We monitor the Customer Obligation Guarantees to evaluate whether we have a liability at the balance sheet date. We did no t have any liabilities related to our outstanding Customer Obligation Guarantees recorded at either December 31, 2024 or 2023. | text | 23 | monetaryItemType | text: <entity> 23 </entity> <entity type> monetaryItemType </entity type> <context> We guarantee certain of our customers' obligations to third parties, whereby any default by our customers on their obligations could force us to make payments to the applicable creditors (“Customer Obligation Guarantees”). At December 31, 2024 and 2023, we had outstanding Customer Obligation Guarantees of $ 23 million and $ 10 million, respectively, excluding certain outstanding Customer Obligation Guarantees secured by letters of credit under the Revolving Credit Facility discussed further in Note 19. Excluding Customer Obligation Guarantees secured by letters of credit under the Revolving Credit Facility, substantially all of our Customer Obligation Guarantees do not have specified expiration dates. We monitor the Customer Obligation Guarantees to evaluate whether we have a liability at the balance sheet date. We did no t have any liabilities related to our outstanding Customer Obligation Guarantees recorded at either December 31, 2024 or 2023. </context> | us-gaap:GuaranteeObligationsMaximumExposure |
We guarantee certain of our customers' obligations to third parties, whereby any default by our customers on their obligations could force us to make payments to the applicable creditors (“Customer Obligation Guarantees”). At December 31, 2024 and 2023, we had outstanding Customer Obligation Guarantees of $ 23 million and $ 10 million, respectively, excluding certain outstanding Customer Obligation Guarantees secured by letters of credit under the Revolving Credit Facility discussed further in Note 19. Excluding Customer Obligation Guarantees secured by letters of credit under the Revolving Credit Facility, substantially all of our Customer Obligation Guarantees do not have specified expiration dates. We monitor the Customer Obligation Guarantees to evaluate whether we have a liability at the balance sheet date. We did no t have any liabilities related to our outstanding Customer Obligation Guarantees recorded at either December 31, 2024 or 2023. | text | 10 | monetaryItemType | text: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> We guarantee certain of our customers' obligations to third parties, whereby any default by our customers on their obligations could force us to make payments to the applicable creditors (“Customer Obligation Guarantees”). At December 31, 2024 and 2023, we had outstanding Customer Obligation Guarantees of $ 23 million and $ 10 million, respectively, excluding certain outstanding Customer Obligation Guarantees secured by letters of credit under the Revolving Credit Facility discussed further in Note 19. Excluding Customer Obligation Guarantees secured by letters of credit under the Revolving Credit Facility, substantially all of our Customer Obligation Guarantees do not have specified expiration dates. We monitor the Customer Obligation Guarantees to evaluate whether we have a liability at the balance sheet date. We did no t have any liabilities related to our outstanding Customer Obligation Guarantees recorded at either December 31, 2024 or 2023. </context> | us-gaap:GuaranteeObligationsMaximumExposure |
we had $ 29 million and $ 36 million, respectively, recorded for estimated insurance receivables within accounts and notes receivable, net in the consolidated balance sheets | text | 29 | monetaryItemType | text: <entity> 29 </entity> <entity type> monetaryItemType </entity type> <context> we had $ 29 million and $ 36 million, respectively, recorded for estimated insurance receivables within accounts and notes receivable, net in the consolidated balance sheets </context> | us-gaap:LossContingencyReceivable |
we had $ 29 million and $ 36 million, respectively, recorded for estimated insurance receivables within accounts and notes receivable, net in the consolidated balance sheets | text | 36 | monetaryItemType | text: <entity> 36 </entity> <entity type> monetaryItemType </entity type> <context> we had $ 29 million and $ 36 million, respectively, recorded for estimated insurance receivables within accounts and notes receivable, net in the consolidated balance sheets </context> | us-gaap:LossContingencyReceivable |
Liabilities of $ 27 million and $ 31 million are recorded as other accrued liabilities in the consolidated balance sheets at | text | 27 | monetaryItemType | text: <entity> 27 </entity> <entity type> monetaryItemType </entity type> <context> Liabilities of $ 27 million and $ 31 million are recorded as other accrued liabilities in the consolidated balance sheets at </context> | us-gaap:LossContingencyAccrualAtCarryingValue |
Liabilities of $ 27 million and $ 31 million are recorded as other accrued liabilities in the consolidated balance sheets at | text | 31 | monetaryItemType | text: <entity> 31 </entity> <entity type> monetaryItemType </entity type> <context> Liabilities of $ 27 million and $ 31 million are recorded as other accrued liabilities in the consolidated balance sheets at </context> | us-gaap:LossContingencyAccrualAtCarryingValue |
(2) Finance lease assets are recorded net of accumulated amortization of $ 26 million and $ 22 million for the years ended December 31, 2024 and 2023, respectively. | text | 26 | monetaryItemType | text: <entity> 26 </entity> <entity type> monetaryItemType </entity type> <context> (2) Finance lease assets are recorded net of accumulated amortization of $ 26 million and $ 22 million for the years ended December 31, 2024 and 2023, respectively. </context> | us-gaap:FinanceLeaseRightOfUseAssetAccumulatedAmortization |
(2) Finance lease assets are recorded net of accumulated amortization of $ 26 million and $ 22 million for the years ended December 31, 2024 and 2023, respectively. | text | 22 | monetaryItemType | text: <entity> 22 </entity> <entity type> monetaryItemType </entity type> <context> (2) Finance lease assets are recorded net of accumulated amortization of $ 26 million and $ 22 million for the years ended December 31, 2024 and 2023, respectively. </context> | us-gaap:FinanceLeaseRightOfUseAssetAccumulatedAmortization |
The long-term rate of return assumption represents the expected average rate of earnings on the funds invested to provide for the benefits included in the benefit obligations. The long-term rate of return assumption is determined based on a number of factors, including historical market index returns, the anticipated long-term asset allocation of the plans, historical plan return data, plan expenses and the potential to outperform market index returns. For 2025, the expected long-term rate of return is 3.94 %. | text | 3.94 | percentItemType | text: <entity> 3.94 </entity> <entity type> percentItemType </entity type> <context> The long-term rate of return assumption represents the expected average rate of earnings on the funds invested to provide for the benefits included in the benefit obligations. The long-term rate of return assumption is determined based on a number of factors, including historical market index returns, the anticipated long-term asset allocation of the plans, historical plan return data, plan expenses and the potential to outperform market index returns. For 2025, the expected long-term rate of return is 3.94 %. </context> | us-gaap:DefinedBenefitPlanAssumptionsUsedCalculatingNetPeriodicBenefitCostExpectedLongTermReturnOnAssets |
For funded pension plans, our funding policy is to fund amounts for pension plans sufficient to meet minimum requirements set forth in applicable benefit laws and local tax laws. Based on the same assumptions used to measure our benefit obligations at December 31, 2024, we expect to contribute $ 6 million to our defined benefit plans during 2025. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> For funded pension plans, our funding policy is to fund amounts for pension plans sufficient to meet minimum requirements set forth in applicable benefit laws and local tax laws. Based on the same assumptions used to measure our benefit obligations at December 31, 2024, we expect to contribute $ 6 million to our defined benefit plans during 2025. </context> | us-gaap:DefinedBenefitPlanExpectedFutureEmployerContributionsNextFiscalYear |
The Company sponsors defined contribution plans in both its U.S. and non-U.S. subsidiaries, under which salaried and certain hourly employees may defer a portion of their compensation. Eligible participants may contribute to the plan up to the allowable amount of their regular compensation before taxes, as determined by the plan. All contributions and Company matches are invested at the direction of the employee. Company matching contributions vest immediately and aggregated to $ 44 million, $ 56 million and $ 55 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 44 | monetaryItemType | text: <entity> 44 </entity> <entity type> monetaryItemType </entity type> <context> The Company sponsors defined contribution plans in both its U.S. and non-U.S. subsidiaries, under which salaried and certain hourly employees may defer a portion of their compensation. Eligible participants may contribute to the plan up to the allowable amount of their regular compensation before taxes, as determined by the plan. All contributions and Company matches are invested at the direction of the employee. Company matching contributions vest immediately and aggregated to $ 44 million, $ 56 million and $ 55 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:DefinedContributionPlanEmployerDiscretionaryContributionAmount |
The Company sponsors defined contribution plans in both its U.S. and non-U.S. subsidiaries, under which salaried and certain hourly employees may defer a portion of their compensation. Eligible participants may contribute to the plan up to the allowable amount of their regular compensation before taxes, as determined by the plan. All contributions and Company matches are invested at the direction of the employee. Company matching contributions vest immediately and aggregated to $ 44 million, $ 56 million and $ 55 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 56 | monetaryItemType | text: <entity> 56 </entity> <entity type> monetaryItemType </entity type> <context> The Company sponsors defined contribution plans in both its U.S. and non-U.S. subsidiaries, under which salaried and certain hourly employees may defer a portion of their compensation. Eligible participants may contribute to the plan up to the allowable amount of their regular compensation before taxes, as determined by the plan. All contributions and Company matches are invested at the direction of the employee. Company matching contributions vest immediately and aggregated to $ 44 million, $ 56 million and $ 55 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:DefinedContributionPlanEmployerDiscretionaryContributionAmount |
The Company sponsors defined contribution plans in both its U.S. and non-U.S. subsidiaries, under which salaried and certain hourly employees may defer a portion of their compensation. Eligible participants may contribute to the plan up to the allowable amount of their regular compensation before taxes, as determined by the plan. All contributions and Company matches are invested at the direction of the employee. Company matching contributions vest immediately and aggregated to $ 44 million, $ 56 million and $ 55 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 55 | monetaryItemType | text: <entity> 55 </entity> <entity type> monetaryItemType </entity type> <context> The Company sponsors defined contribution plans in both its U.S. and non-U.S. subsidiaries, under which salaried and certain hourly employees may defer a portion of their compensation. Eligible participants may contribute to the plan up to the allowable amount of their regular compensation before taxes, as determined by the plan. All contributions and Company matches are invested at the direction of the employee. Company matching contributions vest immediately and aggregated to $ 44 million, $ 56 million and $ 55 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:DefinedContributionPlanEmployerDiscretionaryContributionAmount |
zed $ 28 million, $ 26 million and $ 22 million | text | 28 | monetaryItemType | text: <entity> 28 </entity> <entity type> monetaryItemType </entity type> <context> zed $ 28 million, $ 26 million and $ 22 million </context> | us-gaap:AllocatedShareBasedCompensationExpense |
zed $ 28 million, $ 26 million and $ 22 million | text | 26 | monetaryItemType | text: <entity> 26 </entity> <entity type> monetaryItemType </entity type> <context> zed $ 28 million, $ 26 million and $ 22 million </context> | us-gaap:AllocatedShareBasedCompensationExpense |
zed $ 28 million, $ 26 million and $ 22 million | text | 22 | monetaryItemType | text: <entity> 22 </entity> <entity type> monetaryItemType </entity type> <context> zed $ 28 million, $ 26 million and $ 22 million </context> | us-gaap:AllocatedShareBasedCompensationExpense |
During 2024, the Company withheld shares and used cash to settle certain employees' tax obligation resulting from the vesting of awards in the amount of $ 4 million. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> During 2024, the Company withheld shares and used cash to settle certain employees' tax obligation resulting from the vesting of awards in the amount of $ 4 million. </context> | us-gaap:EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards |
During the year ended December 31, 2024, we issued 0.5 million RSUs. A majority of these awards vest ratably over three years . | text | 0.5 | sharesItemType | text: <entity> 0.5 </entity> <entity type> sharesItemType </entity type> <context> During the year ended December 31, 2024, we issued 0.5 million RSUs. A majority of these awards vest ratably over three years . </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod |
At December 31, 2024, there was $ 13 million of unamortized expense relating to unvested RSUs that is expected to be amortized over a weighted average period of 1.5 years. | text | 13 | monetaryItemType | text: <entity> 13 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, there was $ 13 million of unamortized expense relating to unvested RSUs that is expected to be amortized over a weighted average period of 1.5 years. </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions |
The intrinsic value of RSU awards vested and released during 2024, 2023 and 2022 was $ 23 million, $ 26 million and $ 15 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 20 million, $ 19 million and $ 20 million, respectively. Tax benefits on these vested awards were immaterial . | text | 23 | monetaryItemType | text: <entity> 23 </entity> <entity type> monetaryItemType </entity type> <context> The intrinsic value of RSU awards vested and released during 2024, 2023 and 2022 was $ 23 million, $ 26 million and $ 15 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 20 million, $ 19 million and $ 20 million, respectively. Tax benefits on these vested awards were immaterial . </context> | us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested |
The intrinsic value of RSU awards vested and released during 2024, 2023 and 2022 was $ 23 million, $ 26 million and $ 15 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 20 million, $ 19 million and $ 20 million, respectively. Tax benefits on these vested awards were immaterial . | text | 26 | monetaryItemType | text: <entity> 26 </entity> <entity type> monetaryItemType </entity type> <context> The intrinsic value of RSU awards vested and released during 2024, 2023 and 2022 was $ 23 million, $ 26 million and $ 15 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 20 million, $ 19 million and $ 20 million, respectively. Tax benefits on these vested awards were immaterial . </context> | us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested |
The intrinsic value of RSU awards vested and released during 2024, 2023 and 2022 was $ 23 million, $ 26 million and $ 15 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 20 million, $ 19 million and $ 20 million, respectively. Tax benefits on these vested awards were immaterial . | text | 15 | monetaryItemType | text: <entity> 15 </entity> <entity type> monetaryItemType </entity type> <context> The intrinsic value of RSU awards vested and released during 2024, 2023 and 2022 was $ 23 million, $ 26 million and $ 15 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 20 million, $ 19 million and $ 20 million, respectively. Tax benefits on these vested awards were immaterial . </context> | us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested |
The intrinsic value of RSU awards vested and released during 2024, 2023 and 2022 was $ 23 million, $ 26 million and $ 15 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 20 million, $ 19 million and $ 20 million, respectively. Tax benefits on these vested awards were immaterial . | text | 20 | monetaryItemType | text: <entity> 20 </entity> <entity type> monetaryItemType </entity type> <context> The intrinsic value of RSU awards vested and released during 2024, 2023 and 2022 was $ 23 million, $ 26 million and $ 15 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 20 million, $ 19 million and $ 20 million, respectively. Tax benefits on these vested awards were immaterial . </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The intrinsic value of RSU awards vested and released during 2024, 2023 and 2022 was $ 23 million, $ 26 million and $ 15 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 20 million, $ 19 million and $ 20 million, respectively. Tax benefits on these vested awards were immaterial . | text | 19 | monetaryItemType | text: <entity> 19 </entity> <entity type> monetaryItemType </entity type> <context> The intrinsic value of RSU awards vested and released during 2024, 2023 and 2022 was $ 23 million, $ 26 million and $ 15 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 20 million, $ 19 million and $ 20 million, respectively. Tax benefits on these vested awards were immaterial . </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
At December 31, 2024, there was $ 16 million of unamortized expense relating to unvested PSUs that is expected to be amortized over a weighted average period of 1.7 years. The forfeitures include PSUs that vested below threshold payout. | text | 16 | monetaryItemType | text: <entity> 16 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024, there was $ 16 million of unamortized expense relating to unvested PSUs that is expected to be amortized over a weighted average period of 1.7 years. The forfeitures include PSUs that vested below threshold payout. </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions |
The intrinsic value of PSU awards vested and released during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. There were no tax benefits on these vested awards. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> The intrinsic value of PSU awards vested and released during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. There were no tax benefits on these vested awards. </context> | us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested |
The intrinsic value of PSU awards vested and released during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. There were no tax benefits on these vested awards. | text | 0 million | monetaryItemType | text: <entity> 0 million </entity> <entity type> monetaryItemType </entity type> <context> The intrinsic value of PSU awards vested and released during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. There were no tax benefits on these vested awards. </context> | us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested |
The intrinsic value of PSU awards vested and released during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. There were no tax benefits on these vested awards. | text | 2 | monetaryItemType | text: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> The intrinsic value of PSU awards vested and released during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. There were no tax benefits on these vested awards. </context> | us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested |
The intrinsic value of PSU awards vested and released during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. There were no tax benefits on these vested awards. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> The intrinsic value of PSU awards vested and released during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. There were no tax benefits on these vested awards. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The intrinsic value of PSU awards vested and released during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. There were no tax benefits on these vested awards. | text | 0 million | monetaryItemType | text: <entity> 0 million </entity> <entity type> monetaryItemType </entity type> <context> The intrinsic value of PSU awards vested and released during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. There were no tax benefits on these vested awards. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The intrinsic value of PSU awards vested and released during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. There were no tax benefits on these vested awards. | text | 2 | monetaryItemType | text: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> The intrinsic value of PSU awards vested and released during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. The total fair value of awards vested during 2024, 2023 and 2022 was $ 1 million, $ 0 million and $ 2 million, respectively. There were no tax benefits on these vested awards. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue |
The Black-Scholes option pricing model was used to estimate the fair values for options as of their grant date. There have been no options granted since 2019. There are currently 0.2 million options outstanding, all of which are vested and exercisable, with an average exercise price of $ 28.47 , a weighted average contractual life of 2.8 and an aggregate intrinsic value of $ 1.0 million. | text | 0.2 | monetaryItemType | text: <entity> 0.2 </entity> <entity type> monetaryItemType </entity type> <context> The Black-Scholes option pricing model was used to estimate the fair values for options as of their grant date. There have been no options granted since 2019. There are currently 0.2 million options outstanding, all of which are vested and exercisable, with an average exercise price of $ 28.47 , a weighted average contractual life of 2.8 and an aggregate intrinsic value of $ 1.0 million. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue |
The Black-Scholes option pricing model was used to estimate the fair values for options as of their grant date. There have been no options granted since 2019. There are currently 0.2 million options outstanding, all of which are vested and exercisable, with an average exercise price of $ 28.47 , a weighted average contractual life of 2.8 and an aggregate intrinsic value of $ 1.0 million. | text | 28.47 | perShareItemType | text: <entity> 28.47 </entity> <entity type> perShareItemType </entity type> <context> The Black-Scholes option pricing model was used to estimate the fair values for options as of their grant date. There have been no options granted since 2019. There are currently 0.2 million options outstanding, all of which are vested and exercisable, with an average exercise price of $ 28.47 , a weighted average contractual life of 2.8 and an aggregate intrinsic value of $ 1.0 million. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice |
The Black-Scholes option pricing model was used to estimate the fair values for options as of their grant date. There have been no options granted since 2019. There are currently 0.2 million options outstanding, all of which are vested and exercisable, with an average exercise price of $ 28.47 , a weighted average contractual life of 2.8 and an aggregate intrinsic value of $ 1.0 million. | text | 1.0 | monetaryItemType | text: <entity> 1.0 </entity> <entity type> monetaryItemType </entity type> <context> The Black-Scholes option pricing model was used to estimate the fair values for options as of their grant date. There have been no options granted since 2019. There are currently 0.2 million options outstanding, all of which are vested and exercisable, with an average exercise price of $ 28.47 , a weighted average contractual life of 2.8 and an aggregate intrinsic value of $ 1.0 million. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue |
Cash received by the Company upon exercise of options in 2024 was $ 8 million. There were immaterial tax expenses on these exercises. For the years ended December 31, 2024, 2023 and 2022, the intrinsic value of options exercised was $ 2 million, $ 3 million and $ 1 million, respectively. | text | 8 | monetaryItemType | text: <entity> 8 </entity> <entity type> monetaryItemType </entity type> <context> Cash received by the Company upon exercise of options in 2024 was $ 8 million. There were immaterial tax expenses on these exercises. For the years ended December 31, 2024, 2023 and 2022, the intrinsic value of options exercised was $ 2 million, $ 3 million and $ 1 million, respectively. </context> | us-gaap:ProceedsFromStockOptionsExercised |
Cash received by the Company upon exercise of options in 2024 was $ 8 million. There were immaterial tax expenses on these exercises. For the years ended December 31, 2024, 2023 and 2022, the intrinsic value of options exercised was $ 2 million, $ 3 million and $ 1 million, respectively. | text | immaterial | monetaryItemType | text: <entity> immaterial </entity> <entity type> monetaryItemType </entity type> <context> Cash received by the Company upon exercise of options in 2024 was $ 8 million. There were immaterial tax expenses on these exercises. For the years ended December 31, 2024, 2023 and 2022, the intrinsic value of options exercised was $ 2 million, $ 3 million and $ 1 million, respectively. </context> | us-gaap:EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions |
Cash received by the Company upon exercise of options in 2024 was $ 8 million. There were immaterial tax expenses on these exercises. For the years ended December 31, 2024, 2023 and 2022, the intrinsic value of options exercised was $ 2 million, $ 3 million and $ 1 million, respectively. | text | 2 | monetaryItemType | text: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> Cash received by the Company upon exercise of options in 2024 was $ 8 million. There were immaterial tax expenses on these exercises. For the years ended December 31, 2024, 2023 and 2022, the intrinsic value of options exercised was $ 2 million, $ 3 million and $ 1 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue |
Cash received by the Company upon exercise of options in 2024 was $ 8 million. There were immaterial tax expenses on these exercises. For the years ended December 31, 2024, 2023 and 2022, the intrinsic value of options exercised was $ 2 million, $ 3 million and $ 1 million, respectively. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> Cash received by the Company upon exercise of options in 2024 was $ 8 million. There were immaterial tax expenses on these exercises. For the years ended December 31, 2024, 2023 and 2022, the intrinsic value of options exercised was $ 2 million, $ 3 million and $ 1 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue |
Cash received by the Company upon exercise of options in 2024 was $ 8 million. There were immaterial tax expenses on these exercises. For the years ended December 31, 2024, 2023 and 2022, the intrinsic value of options exercised was $ 2 million, $ 3 million and $ 1 million, respectively. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> Cash received by the Company upon exercise of options in 2024 was $ 8 million. There were immaterial tax expenses on these exercises. For the years ended December 31, 2024, 2023 and 2022, the intrinsic value of options exercised was $ 2 million, $ 3 million and $ 1 million, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue |
On December 27, 2023, the Government of Bermuda enacted the Bermuda Corporate Income Tax Act 2023 (“Bermuda CITA”), which imposes a 15% corporate income tax effective for tax years beginning on or after January 1, 2025. The Bermuda CITA is applicable to Bermuda businesses that are part of multinational enterprise groups with annual revenue of € 750 million or more. The Company has evaluated the Bermuda CITA and recorded $ 27 million of net deferred tax benefits as of December 31, 2024. The net deferred tax benefits primarily relate to a provision in the law which allows for the recognition of an opening tax loss carryforward for the five years preceding the effective date of Bermuda CITA (2020-2024). | text | 750 | monetaryItemType | text: <entity> 750 </entity> <entity type> monetaryItemType </entity type> <context> On December 27, 2023, the Government of Bermuda enacted the Bermuda Corporate Income Tax Act 2023 (“Bermuda CITA”), which imposes a 15% corporate income tax effective for tax years beginning on or after January 1, 2025. The Bermuda CITA is applicable to Bermuda businesses that are part of multinational enterprise groups with annual revenue of € 750 million or more. The Company has evaluated the Bermuda CITA and recorded $ 27 million of net deferred tax benefits as of December 31, 2024. The net deferred tax benefits primarily relate to a provision in the law which allows for the recognition of an opening tax loss carryforward for the five years preceding the effective date of Bermuda CITA (2020-2024). </context> | us-gaap:Revenues |
On December 27, 2023, the Government of Bermuda enacted the Bermuda Corporate Income Tax Act 2023 (“Bermuda CITA”), which imposes a 15% corporate income tax effective for tax years beginning on or after January 1, 2025. The Bermuda CITA is applicable to Bermuda businesses that are part of multinational enterprise groups with annual revenue of € 750 million or more. The Company has evaluated the Bermuda CITA and recorded $ 27 million of net deferred tax benefits as of December 31, 2024. The net deferred tax benefits primarily relate to a provision in the law which allows for the recognition of an opening tax loss carryforward for the five years preceding the effective date of Bermuda CITA (2020-2024). | text | 27 | monetaryItemType | text: <entity> 27 </entity> <entity type> monetaryItemType </entity type> <context> On December 27, 2023, the Government of Bermuda enacted the Bermuda Corporate Income Tax Act 2023 (“Bermuda CITA”), which imposes a 15% corporate income tax effective for tax years beginning on or after January 1, 2025. The Bermuda CITA is applicable to Bermuda businesses that are part of multinational enterprise groups with annual revenue of € 750 million or more. The Company has evaluated the Bermuda CITA and recorded $ 27 million of net deferred tax benefits as of December 31, 2024. The net deferred tax benefits primarily relate to a provision in the law which allows for the recognition of an opening tax loss carryforward for the five years preceding the effective date of Bermuda CITA (2020-2024). </context> | us-gaap:DeferredIncomeTaxExpenseBenefit |
The Company's operations in Switzerland are subject to reduced tax rates through December 31, 2026, as long as certain conditions are met. The tax benefit attributable to this tax holiday was $ 4 million for the years ended December 31, 2024 and 2023 and $ 2 million for the year ended December 31, 2022. The tax effect of the holiday on diluted net income per common share was $ 0.02 for the year ended December 31, 2024 and $ 0.01 for the years ended December 2023 and 2022. | text | 2 | monetaryItemType | text: <entity> 2 </entity> <entity type> monetaryItemType </entity type> <context> The Company's operations in Switzerland are subject to reduced tax rates through December 31, 2026, as long as certain conditions are met. The tax benefit attributable to this tax holiday was $ 4 million for the years ended December 31, 2024 and 2023 and $ 2 million for the year ended December 31, 2022. The tax effect of the holiday on diluted net income per common share was $ 0.02 for the year ended December 31, 2024 and $ 0.01 for the years ended December 2023 and 2022. </context> | us-gaap:IncomeTaxHolidayAggregateDollarAmount |
The Company's operations in Switzerland are subject to reduced tax rates through December 31, 2026, as long as certain conditions are met. The tax benefit attributable to this tax holiday was $ 4 million for the years ended December 31, 2024 and 2023 and $ 2 million for the year ended December 31, 2022. The tax effect of the holiday on diluted net income per common share was $ 0.02 for the year ended December 31, 2024 and $ 0.01 for the years ended December 2023 and 2022. | text | 0.02 | perShareItemType | text: <entity> 0.02 </entity> <entity type> perShareItemType </entity type> <context> The Company's operations in Switzerland are subject to reduced tax rates through December 31, 2026, as long as certain conditions are met. The tax benefit attributable to this tax holiday was $ 4 million for the years ended December 31, 2024 and 2023 and $ 2 million for the year ended December 31, 2022. The tax effect of the holiday on diluted net income per common share was $ 0.02 for the year ended December 31, 2024 and $ 0.01 for the years ended December 2023 and 2022. </context> | us-gaap:IncomeTaxHolidayIncomeTaxBenefitsPerShare |
At December 31, 2024 and 2023, deferred income taxes of approximately $ 14 million and $ 13 million, respectively, have been provided on unremitted earnings of all subsidiaries and related companies to the extent that such earnings are not deemed to be permanently reinvested and cannot be repatriated in a tax-free manner. At December 31, 2024, and 2023, we have not recorded a deferred tax liability related to withholding taxes of approximately $ 95 million and $ 38 million, respectively, on unremitted earnings of subsidiaries that are permanently invested. | text | 14 | monetaryItemType | text: <entity> 14 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and 2023, deferred income taxes of approximately $ 14 million and $ 13 million, respectively, have been provided on unremitted earnings of all subsidiaries and related companies to the extent that such earnings are not deemed to be permanently reinvested and cannot be repatriated in a tax-free manner. At December 31, 2024, and 2023, we have not recorded a deferred tax liability related to withholding taxes of approximately $ 95 million and $ 38 million, respectively, on unremitted earnings of subsidiaries that are permanently invested. </context> | us-gaap:DeferredTaxLiabilitiesUndistributedForeignEarnings |
At December 31, 2024 and 2023, deferred income taxes of approximately $ 14 million and $ 13 million, respectively, have been provided on unremitted earnings of all subsidiaries and related companies to the extent that such earnings are not deemed to be permanently reinvested and cannot be repatriated in a tax-free manner. At December 31, 2024, and 2023, we have not recorded a deferred tax liability related to withholding taxes of approximately $ 95 million and $ 38 million, respectively, on unremitted earnings of subsidiaries that are permanently invested. | text | 13 | monetaryItemType | text: <entity> 13 </entity> <entity type> monetaryItemType </entity type> <context> At December 31, 2024 and 2023, deferred income taxes of approximately $ 14 million and $ 13 million, respectively, have been provided on unremitted earnings of all subsidiaries and related companies to the extent that such earnings are not deemed to be permanently reinvested and cannot be repatriated in a tax-free manner. At December 31, 2024, and 2023, we have not recorded a deferred tax liability related to withholding taxes of approximately $ 95 million and $ 38 million, respectively, on unremitted earnings of subsidiaries that are permanently invested. </context> | us-gaap:DeferredTaxLiabilitiesUndistributedForeignEarnings |
The Company anticipates that it is reasonably possible its unrecognized benefits will decrease by $ 46 million, exclusive of interest and penalties, of its current unrecognized tax benefits within 2025 mainly due to the expiration of statute of limitations in various countries and the expected final assessment from the 2010-2013 German income tax audit which concluded in 2021. | text | 46 | monetaryItemType | text: <entity> 46 </entity> <entity type> monetaryItemType </entity type> <context> The Company anticipates that it is reasonably possible its unrecognized benefits will decrease by $ 46 million, exclusive of interest and penalties, of its current unrecognized tax benefits within 2025 mainly due to the expiration of statute of limitations in various countries and the expected final assessment from the 2010-2013 German income tax audit which concluded in 2021. </context> | us-gaap:DecreaseInUnrecognizedTaxBenefitsIsReasonablyPossible |
The number of anti-dilutive shares that have been excluded in the computation of diluted net income per share for the years ended December 31, 2024, 2023 and 2022 was 0.1 million, 0.4 million and 1.1 million, respectively. | text | 0.1 | sharesItemType | text: <entity> 0.1 </entity> <entity type> sharesItemType </entity type> <context> The number of anti-dilutive shares that have been excluded in the computation of diluted net income per share for the years ended December 31, 2024, 2023 and 2022 was 0.1 million, 0.4 million and 1.1 million, respectively. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
The number of anti-dilutive shares that have been excluded in the computation of diluted net income per share for the years ended December 31, 2024, 2023 and 2022 was 0.1 million, 0.4 million and 1.1 million, respectively. | text | 0.4 | sharesItemType | text: <entity> 0.4 </entity> <entity type> sharesItemType </entity type> <context> The number of anti-dilutive shares that have been excluded in the computation of diluted net income per share for the years ended December 31, 2024, 2023 and 2022 was 0.1 million, 0.4 million and 1.1 million, respectively. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
The number of anti-dilutive shares that have been excluded in the computation of diluted net income per share for the years ended December 31, 2024, 2023 and 2022 was 0.1 million, 0.4 million and 1.1 million, respectively. | text | 1.1 | sharesItemType | text: <entity> 1.1 </entity> <entity type> sharesItemType </entity type> <context> The number of anti-dilutive shares that have been excluded in the computation of diluted net income per share for the years ended December 31, 2024, 2023 and 2022 was 0.1 million, 0.4 million and 1.1 million, respectively. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
Includes $ 29 million and $ 36 million at December 31, 2024 and 2023, respectively, of insurance recoveries related to an operational matter discussed further in Note 6. | text | 29 | monetaryItemType | text: <entity> 29 </entity> <entity type> monetaryItemType </entity type> <context> Includes $ 29 million and $ 36 million at December 31, 2024 and 2023, respectively, of insurance recoveries related to an operational matter discussed further in Note 6. </context> | us-gaap:LossContingencyReceivable |
Includes $ 29 million and $ 36 million at December 31, 2024 and 2023, respectively, of insurance recoveries related to an operational matter discussed further in Note 6. | text | 36 | monetaryItemType | text: <entity> 36 </entity> <entity type> monetaryItemType </entity type> <context> Includes $ 29 million and $ 36 million at December 31, 2024 and 2023, respectively, of insurance recoveries related to an operational matter discussed further in Note 6. </context> | us-gaap:LossContingencyReceivable |
Inventory reserves were $ 17 million and $ 27 million at December 31, 2024 and 2023, respectively. | text | 17 | monetaryItemType | text: <entity> 17 </entity> <entity type> monetaryItemType </entity type> <context> Inventory reserves were $ 17 million and $ 27 million at December 31, 2024 and 2023, respectively. </context> | us-gaap:InventoryValuationReserves |
Inventory reserves were $ 17 million and $ 27 million at December 31, 2024 and 2023, respectively. | text | 27 | monetaryItemType | text: <entity> 27 </entity> <entity type> monetaryItemType </entity type> <context> Inventory reserves were $ 17 million and $ 27 million at December 31, 2024 and 2023, respectively. </context> | us-gaap:InventoryValuationReserves |
Depreciation expense amounted to $ 127 million, | text | 127 | monetaryItemType | text: <entity> 127 </entity> <entity type> monetaryItemType </entity type> <context> Depreciation expense amounted to $ 127 million, </context> | us-gaap:Depreciation |
$ 117 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 117 | monetaryItemType | text: <entity> 117 </entity> <entity type> monetaryItemType </entity type> <context> $ 117 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:Depreciation |
We capitalized interest of $ 4 million, $ 6 million and $ 3 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> We capitalized interest of $ 4 million, $ 6 million and $ 3 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:InterestCostsCapitalized |
We capitalized interest of $ 4 million, $ 6 million and $ 3 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> We capitalized interest of $ 4 million, $ 6 million and $ 3 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:InterestCostsCapitalized |
We capitalized interest of $ 4 million, $ 6 million and $ 3 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> We capitalized interest of $ 4 million, $ 6 million and $ 3 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:InterestCostsCapitalized |
es $ 27 million and $ 31 million at December 31, 2024 and 2023, respectively, of liabilities related to an operational matter discussed further in Note 6. | text | 27 | monetaryItemType | text: <entity> 27 </entity> <entity type> monetaryItemType </entity type> <context> es $ 27 million and $ 31 million at December 31, 2024 and 2023, respectively, of liabilities related to an operational matter discussed further in Note 6. </context> | us-gaap:LossContingencyAccrualAtCarryingValue |
es $ 27 million and $ 31 million at December 31, 2024 and 2023, respectively, of liabilities related to an operational matter discussed further in Note 6. | text | 31 | monetaryItemType | text: <entity> 31 </entity> <entity type> monetaryItemType </entity type> <context> es $ 27 million and $ 31 million at December 31, 2024 and 2023, respectively, of liabilities related to an operational matter discussed further in Note 6. </context> | us-gaap:LossContingencyAccrualAtCarryingValue |
We have a supplier financing program in China, which is utilized to finance the purchases of goods and services from our suppliers through local banking institutions. The payment terms under the program vary, but the program has a weighted average maturity date that is approximately 90 days from each respective financing inception. These financing arrangements are included in the current portion of borrowings within the consolidated balance sheets and at the time of issuance each transaction is treated as a non-cash financing activity within the consolidated statements of cash flows. Upon settlement of the financing, the cash outflow is classified as a financing activity within the consolidated statements of cash flows. There were no balances outstanding under this program at December 31, 2024. Amounts outstanding under this program were $ 4 million and $ 14 million at December 31, 2023 and 2022, respectively, including $ 1 million and $ 4 million, respectively, related to purchases of property, plant and equipment. Cash outflows under this program were $ 4 million, $ 42 million and $ 65 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> We have a supplier financing program in China, which is utilized to finance the purchases of goods and services from our suppliers through local banking institutions. The payment terms under the program vary, but the program has a weighted average maturity date that is approximately 90 days from each respective financing inception. These financing arrangements are included in the current portion of borrowings within the consolidated balance sheets and at the time of issuance each transaction is treated as a non-cash financing activity within the consolidated statements of cash flows. Upon settlement of the financing, the cash outflow is classified as a financing activity within the consolidated statements of cash flows. There were no balances outstanding under this program at December 31, 2024. Amounts outstanding under this program were $ 4 million and $ 14 million at December 31, 2023 and 2022, respectively, including $ 1 million and $ 4 million, respectively, related to purchases of property, plant and equipment. Cash outflows under this program were $ 4 million, $ 42 million and $ 65 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:ConvertibleDebt |
We have a supplier financing program in China, which is utilized to finance the purchases of goods and services from our suppliers through local banking institutions. The payment terms under the program vary, but the program has a weighted average maturity date that is approximately 90 days from each respective financing inception. These financing arrangements are included in the current portion of borrowings within the consolidated balance sheets and at the time of issuance each transaction is treated as a non-cash financing activity within the consolidated statements of cash flows. Upon settlement of the financing, the cash outflow is classified as a financing activity within the consolidated statements of cash flows. There were no balances outstanding under this program at December 31, 2024. Amounts outstanding under this program were $ 4 million and $ 14 million at December 31, 2023 and 2022, respectively, including $ 1 million and $ 4 million, respectively, related to purchases of property, plant and equipment. Cash outflows under this program were $ 4 million, $ 42 million and $ 65 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> We have a supplier financing program in China, which is utilized to finance the purchases of goods and services from our suppliers through local banking institutions. The payment terms under the program vary, but the program has a weighted average maturity date that is approximately 90 days from each respective financing inception. These financing arrangements are included in the current portion of borrowings within the consolidated balance sheets and at the time of issuance each transaction is treated as a non-cash financing activity within the consolidated statements of cash flows. Upon settlement of the financing, the cash outflow is classified as a financing activity within the consolidated statements of cash flows. There were no balances outstanding under this program at December 31, 2024. Amounts outstanding under this program were $ 4 million and $ 14 million at December 31, 2023 and 2022, respectively, including $ 1 million and $ 4 million, respectively, related to purchases of property, plant and equipment. Cash outflows under this program were $ 4 million, $ 42 million and $ 65 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:ShortTermBorrowings |
We have a supplier financing program in China, which is utilized to finance the purchases of goods and services from our suppliers through local banking institutions. The payment terms under the program vary, but the program has a weighted average maturity date that is approximately 90 days from each respective financing inception. These financing arrangements are included in the current portion of borrowings within the consolidated balance sheets and at the time of issuance each transaction is treated as a non-cash financing activity within the consolidated statements of cash flows. Upon settlement of the financing, the cash outflow is classified as a financing activity within the consolidated statements of cash flows. There were no balances outstanding under this program at December 31, 2024. Amounts outstanding under this program were $ 4 million and $ 14 million at December 31, 2023 and 2022, respectively, including $ 1 million and $ 4 million, respectively, related to purchases of property, plant and equipment. Cash outflows under this program were $ 4 million, $ 42 million and $ 65 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 14 | monetaryItemType | text: <entity> 14 </entity> <entity type> monetaryItemType </entity type> <context> We have a supplier financing program in China, which is utilized to finance the purchases of goods and services from our suppliers through local banking institutions. The payment terms under the program vary, but the program has a weighted average maturity date that is approximately 90 days from each respective financing inception. These financing arrangements are included in the current portion of borrowings within the consolidated balance sheets and at the time of issuance each transaction is treated as a non-cash financing activity within the consolidated statements of cash flows. Upon settlement of the financing, the cash outflow is classified as a financing activity within the consolidated statements of cash flows. There were no balances outstanding under this program at December 31, 2024. Amounts outstanding under this program were $ 4 million and $ 14 million at December 31, 2023 and 2022, respectively, including $ 1 million and $ 4 million, respectively, related to purchases of property, plant and equipment. Cash outflows under this program were $ 4 million, $ 42 million and $ 65 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:ShortTermBorrowings |
We have a supplier financing program in China, which is utilized to finance the purchases of goods and services from our suppliers through local banking institutions. The payment terms under the program vary, but the program has a weighted average maturity date that is approximately 90 days from each respective financing inception. These financing arrangements are included in the current portion of borrowings within the consolidated balance sheets and at the time of issuance each transaction is treated as a non-cash financing activity within the consolidated statements of cash flows. Upon settlement of the financing, the cash outflow is classified as a financing activity within the consolidated statements of cash flows. There were no balances outstanding under this program at December 31, 2024. Amounts outstanding under this program were $ 4 million and $ 14 million at December 31, 2023 and 2022, respectively, including $ 1 million and $ 4 million, respectively, related to purchases of property, plant and equipment. Cash outflows under this program were $ 4 million, $ 42 million and $ 65 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> We have a supplier financing program in China, which is utilized to finance the purchases of goods and services from our suppliers through local banking institutions. The payment terms under the program vary, but the program has a weighted average maturity date that is approximately 90 days from each respective financing inception. These financing arrangements are included in the current portion of borrowings within the consolidated balance sheets and at the time of issuance each transaction is treated as a non-cash financing activity within the consolidated statements of cash flows. Upon settlement of the financing, the cash outflow is classified as a financing activity within the consolidated statements of cash flows. There were no balances outstanding under this program at December 31, 2024. Amounts outstanding under this program were $ 4 million and $ 14 million at December 31, 2023 and 2022, respectively, including $ 1 million and $ 4 million, respectively, related to purchases of property, plant and equipment. Cash outflows under this program were $ 4 million, $ 42 million and $ 65 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:ShortTermBorrowings |
We have a supplier financing program in China, which is utilized to finance the purchases of goods and services from our suppliers through local banking institutions. The payment terms under the program vary, but the program has a weighted average maturity date that is approximately 90 days from each respective financing inception. These financing arrangements are included in the current portion of borrowings within the consolidated balance sheets and at the time of issuance each transaction is treated as a non-cash financing activity within the consolidated statements of cash flows. Upon settlement of the financing, the cash outflow is classified as a financing activity within the consolidated statements of cash flows. There were no balances outstanding under this program at December 31, 2024. Amounts outstanding under this program were $ 4 million and $ 14 million at December 31, 2023 and 2022, respectively, including $ 1 million and $ 4 million, respectively, related to purchases of property, plant and equipment. Cash outflows under this program were $ 4 million, $ 42 million and $ 65 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> We have a supplier financing program in China, which is utilized to finance the purchases of goods and services from our suppliers through local banking institutions. The payment terms under the program vary, but the program has a weighted average maturity date that is approximately 90 days from each respective financing inception. These financing arrangements are included in the current portion of borrowings within the consolidated balance sheets and at the time of issuance each transaction is treated as a non-cash financing activity within the consolidated statements of cash flows. Upon settlement of the financing, the cash outflow is classified as a financing activity within the consolidated statements of cash flows. There were no balances outstanding under this program at December 31, 2024. Amounts outstanding under this program were $ 4 million and $ 14 million at December 31, 2023 and 2022, respectively, including $ 1 million and $ 4 million, respectively, related to purchases of property, plant and equipment. Cash outflows under this program were $ 4 million, $ 42 million and $ 65 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:RepaymentsOfShortTermDebt |
We have a supplier financing program in China, which is utilized to finance the purchases of goods and services from our suppliers through local banking institutions. The payment terms under the program vary, but the program has a weighted average maturity date that is approximately 90 days from each respective financing inception. These financing arrangements are included in the current portion of borrowings within the consolidated balance sheets and at the time of issuance each transaction is treated as a non-cash financing activity within the consolidated statements of cash flows. Upon settlement of the financing, the cash outflow is classified as a financing activity within the consolidated statements of cash flows. There were no balances outstanding under this program at December 31, 2024. Amounts outstanding under this program were $ 4 million and $ 14 million at December 31, 2023 and 2022, respectively, including $ 1 million and $ 4 million, respectively, related to purchases of property, plant and equipment. Cash outflows under this program were $ 4 million, $ 42 million and $ 65 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 42 | monetaryItemType | text: <entity> 42 </entity> <entity type> monetaryItemType </entity type> <context> We have a supplier financing program in China, which is utilized to finance the purchases of goods and services from our suppliers through local banking institutions. The payment terms under the program vary, but the program has a weighted average maturity date that is approximately 90 days from each respective financing inception. These financing arrangements are included in the current portion of borrowings within the consolidated balance sheets and at the time of issuance each transaction is treated as a non-cash financing activity within the consolidated statements of cash flows. Upon settlement of the financing, the cash outflow is classified as a financing activity within the consolidated statements of cash flows. There were no balances outstanding under this program at December 31, 2024. Amounts outstanding under this program were $ 4 million and $ 14 million at December 31, 2023 and 2022, respectively, including $ 1 million and $ 4 million, respectively, related to purchases of property, plant and equipment. Cash outflows under this program were $ 4 million, $ 42 million and $ 65 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:RepaymentsOfShortTermDebt |
We have a supplier financing program in China, which is utilized to finance the purchases of goods and services from our suppliers through local banking institutions. The payment terms under the program vary, but the program has a weighted average maturity date that is approximately 90 days from each respective financing inception. These financing arrangements are included in the current portion of borrowings within the consolidated balance sheets and at the time of issuance each transaction is treated as a non-cash financing activity within the consolidated statements of cash flows. Upon settlement of the financing, the cash outflow is classified as a financing activity within the consolidated statements of cash flows. There were no balances outstanding under this program at December 31, 2024. Amounts outstanding under this program were $ 4 million and $ 14 million at December 31, 2023 and 2022, respectively, including $ 1 million and $ 4 million, respectively, related to purchases of property, plant and equipment. Cash outflows under this program were $ 4 million, $ 42 million and $ 65 million for the years ended December 31, 2024, 2023 and 2022, respectively. | text | 65 | monetaryItemType | text: <entity> 65 </entity> <entity type> monetaryItemType </entity type> <context> We have a supplier financing program in China, which is utilized to finance the purchases of goods and services from our suppliers through local banking institutions. The payment terms under the program vary, but the program has a weighted average maturity date that is approximately 90 days from each respective financing inception. These financing arrangements are included in the current portion of borrowings within the consolidated balance sheets and at the time of issuance each transaction is treated as a non-cash financing activity within the consolidated statements of cash flows. Upon settlement of the financing, the cash outflow is classified as a financing activity within the consolidated statements of cash flows. There were no balances outstanding under this program at December 31, 2024. Amounts outstanding under this program were $ 4 million and $ 14 million at December 31, 2023 and 2022, respectively, including $ 1 million and $ 4 million, respectively, related to purchases of property, plant and equipment. Cash outflows under this program were $ 4 million, $ 42 million and $ 65 million for the years ended December 31, 2024, 2023 and 2022, respectively. </context> | us-gaap:RepaymentsOfShortTermDebt |
We maintain a voluntary supply chain financing (“SCF”) program with a global financial institution, which allows a select group of suppliers to sell their receivables to the participating financial institution at the discretion of both parties on terms that are negotiated between the supplier and the financial institution. The supplier invoices that have been confirmed as valid under the program are paid by us to the financial institution according to the terms we have with the supplier. Amounts outstanding under the SCF program were $ 22 million and $ 28 million at December 31, 2024 and December 31, 2023, respectively. | text | 22 | monetaryItemType | text: <entity> 22 </entity> <entity type> monetaryItemType </entity type> <context> We maintain a voluntary supply chain financing (“SCF”) program with a global financial institution, which allows a select group of suppliers to sell their receivables to the participating financial institution at the discretion of both parties on terms that are negotiated between the supplier and the financial institution. The supplier invoices that have been confirmed as valid under the program are paid by us to the financial institution according to the terms we have with the supplier. Amounts outstanding under the SCF program were $ 22 million and $ 28 million at December 31, 2024 and December 31, 2023, respectively. </context> | us-gaap:SupplierFinanceProgramObligation |
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