v3.25.1
Accounts and Notes Receivable, Net - Schedule of Accounts and Notes Receivable (Details) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Receivables [Abstract]          
Accounts receivable - trade, net [1] $ 704 $ 619      
VAT, GST and other taxes [2] 123 114      
Other receivables [3] 31 37      
Total accounts and notes receivable, net $ 858 $ 770 $ 906 $ 813 $ 622
[1] Accounts receivable - trade, net includes trade notes receivable of $4 and $1 and is net of allowances for doubtful accounts of $1 and $2 at March 31, 2025 and December 31, 2024, respectively. Such allowances are equal to the estimated uncollectible amounts.
[2] Value added tax (“VAT”) and goods and services tax (“GST”) for various jurisdictions.
[3] Other receivables consist of derivative instruments, advances, and other deposits including receivables under the terms of the MOU. For details of the MOU, see “Note 16 – Commitments and Contingent Liabilities”.