v3.25.4
Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Disposal Groups, Including Discontinued Operations
Information regarding net income from discontinued operations, net of taxes includes the following:
Net income from discontinued operations, net of taxes (millions)
20242023
Net sales
$1,987 $8,071
Cost of sales844 3,494
Other operating expenses
837 3,016
Other expense (income), net
44 (22)
Income from discontinued operations before income taxes
262 1,583
Provision for income taxes98 176
Net income from discontinued operations, net of taxes
$164 $1,407
Cash flows related to discontinued operations have not been segregated, and are included in the Consolidated Statement of Cash Flows for all applicable periods presented. Selected financial information related to cash flows from discontinued operations is below.
Selected cash flow information from discontinued operations (millions)
20242023
Depreciation and amortization$139 $554
Purchases of PP&E
77 227
The below summarizes the carrying amounts of the major classes of assets and liabilities classified as held for sale in the consolidated balance sheet:
(Millions)December 31, 2025
Assets held for sale
Cash and cash equivalents$46 
Inventories27 
Property, plant and equipment — net96 
Other assets18 
Valuation allowance on assets held for sale(141)
Total assets held for sale$46 
Liabilities held for sale
Pension and postretirement benefits $(23)
Other liabilities(14)
Valuation allowance on liabilities held for sale(18)
Total liabilities held for sale$(55)