ACCOUNTS AND NOTES RECEIVABLE - NET |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Receivables [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ACCOUNTS AND NOTES RECEIVABLE - NET | ACCOUNTS AND NOTES RECEIVABLE - NET
1.Accounts receivable – trade is net of allowances of $18 million at December 31, 2025 and $22 million at December 31, 2024. Allowances are equal to the estimated uncollectible amounts and current expected credit loss. That estimate is based on historical collection experience, current economic and market conditions, and review of the current status of customers' accounts. 2.Indirect tax refunds receivable includes receivables in relation to value added tax, general sales tax and other taxes. 3. The period over period increase to the indemnified assets receivable balance is a result of the Electronics Separation effective November 1, 2025. The indemnified assets include tax and legal related matters. 4. Other includes different groups of receivables and no individual group represents more than ten percent of total receivables. Accounts receivable are carried at amounts that approximate fair value.
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