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Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Variable Interest Entities - Schedule of Financial Information of Variable Interest Entities (Details)

v3.23.2
Note 5 - Variable Interest Entities - Schedule of Financial Information of Variable Interest Entities (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Current assets $ 2,520 Ìý $ 2,520 Ìý $ 3,145
Property, plant and equipment, net [1] 2,354 Ìý 2,354 Ìý 2,377
Operating lease right-of-use assets 365 Ìý 365 Ìý 374
Deferred income taxes 128 Ìý 128 Ìý 147
Total assets 7,553 Ìý 7,553 Ìý 8,220
Current liabilities 1,176 Ìý 1,176 Ìý 1,701
Long-term debt [1] 1,562 Ìý 1,562 Ìý 1,671
Noncurrent operating lease liabilities [1] 333 Ìý 333 Ìý 336
Other noncurrent liabilities [1] 393 Ìý 393 Ìý 422
Total liabilities 3,707 Ìý 3,707 Ìý 4,380
Revenues [2] 1,596 $ 2,170 3,202 $ 4,362 Ìý
Income from continuing operations before income taxes 61 294 116 576 Ìý
Net cash provided by operating activities Ìý Ìý (118) 316 Ìý
Variable Interest Entity, Primary Beneficiary [Member] Ìý Ìý Ìý Ìý Ìý
Current assets 91 Ìý 91 Ìý 73
Property, plant and equipment, net 150 Ìý 150 Ìý 149
Operating lease right-of-use assets 25 Ìý 25 Ìý 28
Other noncurrent assets 141 Ìý 141 Ìý 140
Deferred income taxes 13 Ìý 13 Ìý 13
Total assets 420 Ìý 420 Ìý 403
Current liabilities 119 Ìý 119 Ìý 144
Long-term debt 21 Ìý 21 Ìý 26
Noncurrent operating lease liabilities 16 Ìý 16 Ìý 19
Other noncurrent liabilities 24 Ìý 24 Ìý 25
Total liabilities 180 Ìý 180 Ìý $ 214
Revenues 0 0 0 0 Ìý
Income from continuing operations before income taxes 15 8 30 13 Ìý
Net cash provided by operating activities $ 23 $ 27 $ 48 $ 35 Ìý
[1] At June 30, 2023 and December 31, 2022, respectively, $27 and $5 of cash and cash equivalents, $7 and $4 of accounts and notes receivable (net), $57 and $59 of inventories, $150 and $149 of property, plant and equipment (net), $30 and $29 of other noncurrent assets, $85 and $114 of accounts payable, $15 and $12 of accrued liabilities, $10 and $9 of current portion of debt, $9 each of current operating lease liabilities, $21 and $26 of long-term debt, $16 and $19 of noncurrent operating lease liabilities and $24 and $25 of other noncurrent liabilities from consolidated variable interest entities are included in the respective balance sheet captions above. See “Note 5. Variable Interest Entities.� These assets can only be used to settle obligations of the variable interest entities, and creditors of these liabilities do not have recourse to our general credit.
[2] Geographic information for revenues is based upon countries into which product is sold.