Financial Analysis

15. Contingencies The Company has been identified by the U.S. Environmental Protection Agency (EPA) or a comparable state or federal agency as a potentially responsible party (PRP) at a number of sites in the U.S., including certain Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA) (Superfund) sites, as well as sites previously owned or operated by the Company. As an identified PRP, the Company may have liability for investigation, remediation and monitoring of contamination, as well as associated penalties and natural resource damages, if any. The Company has not had monetary sanctions imposed nor has the Company been notified of any potential monetary sanctions at any of the sites. The Company has recorded aggregate accruals of approximately $21 million and $35 million (undiscounted) as of December 31, 2025 and December 31, 2024, respectively, for estimated future remediation and monitoring costs at these sites. Although the Company believes its accruals are adequate to cover its portion of future remediation and monitoring costs, there can be no assurance that the ultimate payments will not exceed the amount of the Companys accruals and will not have a material effect on its results of operations, financial position and cash flows. As part of the above, from December 31, 1956 through June 1967, the Company, via a wholly-owned subsidiary, owned and operated a paper mill located on the shore of the Cuyahoga River in Ohio, which is now par …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

14. Debt The following table summarizes the long-term debt of the Company at December 31, 2025 and 2024: 2025 2024 Secured Credit Agreement: Revolving Credit Facility: Revolving Loans $ $ Term Loans: Term Loans A 799 Term Loans B 643 Previous Secured Credit Agreement: Term Loans: Term Loans A 1,338 Senior Notes: 5.375%, due 2025 17 2.875%, due 2025 ( 176 million at December 31, 2024) 183 6.625%, due 2027 610 609 6.250%, due 2028 (600 million) 700 619 5.250%, due 2029 (500 million) 581 514 4.750%, due 2030 397 397 7.250%, due 2031 684 683 7.375%, due 2032 297 296 Finance leases 174 195 Other 18 8 Total long-term debt 4,903 4,859 Less amounts due within one year 66 306 Long-term debt $ 4,837 $ 4,553 The Company presents debt issuance costs in the Consolidated Balance Sheets as a deduction of the carrying amount of the related debt liability. On September 30, 2025, certain of the Companys subsidiaries entered into an Amended and Restated Credit Agreement and Syndicated Facility Agreement (the Credit Agreement), which refinanced in full the previous credit agreement. The Credit Agreement provides for up to $2.7 billion of borrowings pursuant to term loans A, term loans B and a revolving credit facility . The term loans A mature, and the revolving credit facility terminates, in September 2030, and the term loans B mature in September 2032; provided, however, that if any of the senior notes issued by certain subsidiaries of the Company are outstanding on the date that is 91 days pr …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

The following table for the year ended December 31, 2025 disaggregates the Companys revenue by customer end use: Americas Europe Total Alcoholic beverages (beer, wine, spirits) $ 2,018 $ 1,892 $ 3,910 Food and other 896 488 1,384 Non-alcoholic beverages 727 309 1,036 Reportable segment totals $ 3,641 $ 2,689 $ 6,330 Other 96 Net sales $ 6,426 The following table for the year ended December 31, 2024 disaggregates the Companys revenue by customer end use: Americas Europe Total Alcoholic beverages (beer, wine, spirits) $ 2,000 $ 2,041 $ 4,041 Food and other 872 480 1,352 Non-alcoholic beverages 712 299 1,011 Reportable segment totals $ 3,584 $ 2,820 $ 6,404 Other 127 Net sales $ 6,531 The following table for the year ended December 31, 2023 disaggregates the Companys revenue by customer end use: Americas Europe Total Alcoholic beverages (beer, wine, spirits) $ 2,268 $ 2,320 $ 4,588 Food and other 865 508 1,373 Non-alcoholic beverages 732 289 1,021 Reportable segment totals $ 3,865 $ 3,117 $ 6,982 Other 123 Net sales $ 7,105 …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

17. Stock Based Compensation The Company has various nonqualified plans approved by share owners under which it has granted restricted shares and performance vested restricted share units. At December 31, 2025, there were 12,667,536 shares available for grants under these plans. Total compensation cost for all grants of shares and units under these plans was $25 million, $14 million and $43 million for the years ended December 31, 2025, 2024, and 2023, respectively. Restricted Shares and Restricted Share Units Restricted share units granted to employees vest over three years beginning on the first anniversary. Granted but unvested restricted share units are forfeited upon termination, unless certain retirement criteria are met. Holders of vested restricted share units receive one share of the Companys common stock for each unit as units vest. Restricted share units granted to directors vest after one year. The fair value of the restricted shares and restricted share units is equal to the market price of the Companys common stock on the date of the grant. The fair value of restricted shares and restricted share units, is amortized over the vesting periods which range from one to three years. The activity of restricted shares and restricted share units is as follows: Weighted Number of Average Restricted Grant-Date Shares Fair Value (thousands) (per share) Nonvested at January 1, 2025 1,217 $ 16.33 Granted 954 12.16 Vested (663) 15.32 Forfeited (189) 15.80 Nonvested at December …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

"7. Goodwill and Intangible Assets Goodwill The changes in the carrying amount of goodwill for the years ended December 31, 2025, 2024, and 2023 are as follows: Europe Americas Total Balance as of January 1, 2023 $ 818 $ 995 $ 1,813 Impairment (445) (445) Translation effects 30 75 105 Balance as of December 31, 2023 848 625 1,473 Translation effects (48) (104) (152) Balance as of December 31, 2024 800 521 1,321 Translation effects 97 69 166 Balance as of December 31, 2025 $ 897 $ 590 $ 1,487 Goodwill is tested for impairment annually as of October 1 (or more frequently if impairment indicators arise) by comparing the fair value of each reporting unit, which is determined by computing the business enterprise value (""BEV""), with its carrying value. The BEV is computed based on estimated future cash flows, discounted at the weighted average cost of capital of a hypothetical third-party buyer. If the BEV is less than the carrying value for any reporting unit, then any excess of the carrying value over the BEV will be recorded as an impairment loss. The calculations of the BEV of the Companys reporting units were determined based on valuation techniques using the best available information of significant unobservable inputs , primarily revenue growth, earnings before interest, taxes, depreciation and amortization (EBITDA) margin, and the weighted average cost of capital , and are classified as Level 3 in the fair value hierarchy. During the fourth quarter of 2025, the Company co …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

13. Income Taxes The provision for income taxes was calculated based on the following components of earnings (loss) before income taxes: 2025 2024 2023 U.S. $ (271) $ (284) $ (455) Non-U.S. 222 322 522 $ (49) $ 38 $ 67 The US federal current provision includes foreign withholding taxes related to dividends and royalties paid by the Company's foreign subsidiaries. The provision for income taxes consists of the following: 2025 2024 2023 Current: U.S. federal $ 13 $ 13 $ 13 U.S. state 1 Non-U.S. 105 106 114 119 119 127 Deferred: U.S. federal (13) U.S. state (3) Non-U.S. (65) 7 41 (65) 7 25 Total: U.S. federal 13 13 U.S. state 1 (3) Non-U.S. 40 113 155 $ 54 $ 126 $ 152 In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This ASU requires a public entity to provide additional information in the rate reconciliation and additional disclosures about income taxes paid. The Company implemented this ASU in the disclosures below. Reconciliations of the provision for income taxes based on the statutory U.S. Federal tax rate of 21% to the provision for income taxes are as follows: 2025 Percent of Pre-tax income US federal statutory tax rate $ (10) 21 % State and local income taxes, net of federal income tax effect (a) 1 (2) % Foreign tax effects Brazil Withholding tax 6 (13) % Other 3 (6) % Colombia Statutory tax rate difference between Colombia and US 10 (20) % Other 3 (7) % France Nontaxable or nondeductible items 13 (27) % Oth …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

"New Accounting Standards Not Yet Adopted In November 2024, the FASB issued ASU 2024-03, Income Statement Reporting Comprehensive Income Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. This ASU requires a public business entity to provide disaggregated disclosures, in the notes to the financial statements, of certain categories of expenses that are included in expense line items on the face of the income statement. The disclosures are required on an annual and interim basis. This ASU is effective for the Company for annual periods beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. The Company is evaluating the impact of this ASU. In September 2025, the Financial Accounting Standards Board (FASB) issued ASU 2025-06 ""Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software"" (ASU 2025-06) which modernizes the accounting for internal-use software to current development practices, clarifies when to begin capitalizing costs, and enhances disclosure requirements. This update is effective for interim and annual periods beginning after December 15, 2027, with early adoption permitted. ASU 2025-06 is not expected to significantly change the Companys current accounting for internal-use software. In December 2025, the FASB issued ASU 2025-10 ""Accounting for Government Grants Received by Busine …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

11. Pension Benefit Plans and Other Postretirement Benefits Pension Benefit Plans The Company has defined benefit pension plans covering a substantial number of employees located in the United States and several other non-U.S. jurisdictions. Benefits generally are based on compensation for salaried employees and on length of service for hourly employees. The Companys policy is to fund pension plans such that sufficient assets will be available to meet future benefit requirements. The Companys defined benefit pension plans use a December 31 measurement date. The changes in the pension benefit obligations for the year are as follows: U.S. Non-U.S. 2025 2024 2025 2024 Obligations at beginning of year $ 793 $ 866 $ 615 $ 727 Change in benefit obligations: Service cost 5 6 9 9 Interest cost 43 43 37 35 Actuarial (gain) loss 8 (45) (4) (56) Settlements (20) (15) Curtailments (6) (2) Benefit payments (77) (78) (42) (41) Foreign currency translation 60 (42) Net change in benefit obligations (21) (73) 34 (112) Obligations at end of year $ 772 $ 793 $ 649 $ 615 The changes in the fair value of the pension plans assets for the year are as follows: U.S. Non-U.S. 2025 2024 2025 2024 Fair value at beginning of year $ 794 $ 837 $ 505 $ 564 Change in fair value: Actual gain (loss) on plan assets 88 30 18 (12) Benefit payments (77) (78) (42) (41) Employer contributions 2 5 32 27 Participant contributions 1 1 Settlements (20) (15) Foreign currency translation 36 (19) Net change in fair value o …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

10 . Restructuring The Company continually reviews its manufacturing footprint and operating cost structure and may decide to close operations or reduce headcount to gain efficiencies, integrate acquired operations, reduce future expenses and address other market factors. The Company incurs costs associated with these actions including employee severance and benefits, other exit costs such as those related to contract terminations, and asset impairment charges. The Company also may incur other costs related to closed facilities including clean-up, dismantling and preparation for sale or other disposition. The Company accounts for restructuring and other costs under applicable provisions of generally accepted accounting principles. Charges for employee severance and related benefits are generally accrued based on contractual arrangements with employees or their representatives. Other exit costs are accrued based on the estimated cost to settle related contractual arrangements. Estimated environmental remediation costs are accrued when specific claims have been received or are probable of being received. The Companys decisions to curtail selected production capacity have resulted in write-downs of certain long-lived assets to the extent their carrying amounts exceeded fair value or fair value less cost to sell. The Company classified the significant assumptions used to determine the fair value of the impaired assets in the period that the measurement was taken as Level 3 (third …

RestructuringAndRelatedActivitiesDisclosureTextBlock · excerpt; the full note is in the filing

3. Revenue Revenue is recognized at a point in time when obligations under the terms of the Companys contracts and related purchase orders with its customers are satisfied. This occurs with the transfer of control of glass containers, which primarily takes place when products are shipped from the Companys manufacturing or warehousing facilities to the customer. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods, which includes estimated provisions for rebates, discounts, returns and allowances. Amounts billed to customers related to shipping and handling or other pass-through items are included in net sales in the Consolidated Results of Operations. Sales, value-added, and other taxes the Company collects concurrent with revenue-producing activities are excluded from revenue. The Companys payment terms are based on customary business practices and can vary by customer type. The term between invoicing and when payment is due is not significant. Also, the Company elected to account for shipping and handling costs as a fulfillment cost at the time of shipment. For the years ended December 31, 2025 and 2024, the Company had no material bad debt expense and there were no material contract assets, contract liabilities or deferred contract costs recorded on the Consolidated Balance Sheet. For the years ended December 31, 2025, 2024 and 2023, revenue recognized from prior periods (for example, due to changes in transac …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

2. Segment Information T he Company has two reportable segments and two operating segments based on its geographic locations: Americas and Europe. These two segments are aligned with the Companys internal approach to managing, reporting, and evaluating performance of its global glass operations. Certain assets and activities not directly related to one of the segments or to glass manufacturing are reported with Retained corporate costs and other. These include licensing, equipment manufacturing, global engineering, certain equity investments and certain minor businesses in the Asia Pacific region. Retained corporate costs and other also includes certain headquarters administrative and facilities costs and certain incentive compensation and other benefit plan costs that are global in nature and are not allocable to the reportable segments. The Companys measure of profit for its reportable segments is segment operating profit, which is a non-GAAP financial measure that consists of consolidated earnings before interest income, interest expense, and provision for income taxes and excludes amounts related to certain items that management considers not representative of ongoing operations and other adjustments, as well as certain retained corporate costs. The Companys management, including the chief operating decision maker (defined as the Chief Executive Officer), uses segment operating profit, supplemented by net sales and selected cash flow information, to evaluate segment perfo …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

11. Contingencies The Company has been identified by the U.S. Environmental Protection Agency (EPA) or a comparable state or federal agency as a potentially responsible party (PRP) at a number of sites in the U.S., including certain Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA) (Superfund) sites, as well as sites previously owned or operated by the Company. As an identified PRP, the Company may have liability for investigation, remediation and monitoring of contamination, as well as associated penalties and natural resource damages, if any. The Company has not had monetary sanctions imposed nor has the Company been notified of any potential monetary sanctions at any of the sites. The Company has recorded aggregate accruals of approximately $20 million, $21 million and $38 million (undiscounted) as of June 30, 2026, December 31, 2025 and June 30, 2025, respectively, for estimated future remediation and monitoring costs at these sites. Although the Company believes its accruals are adequate to cover its portion of future remediation and monitoring costs, there can be no assurance that the ultimate payments will not exceed the amount of the Companys accruals and will not have a material effect on its results of operations, financial position and cash flows. As part of the above, from December 31, 1956 through June 1967, the Company, via a wholly-owned subsidiary, owned and operated a paper mill located on the shore of the Cuyahoga River i …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

10. Debt The following table summarizes the long-term debt of the Company at June 30, 2026, December 31, 2025, and June 30, 2025: June 30, December 31, June 30, 2026 2025 2025 Secured Credit Agreement: Revolving Credit Facility: Revolving Loans $ 130 $ $ Term Loans: Term Loans A 790 799 Term Loans B 640 643 Previous Secured Credit Agreement: Revolving Credit Facility: 205 Revolving Loans Term Loans: Term Loans A 1,339 Senior Notes: 6.625%, due 2027 610 610 6.250%, due 2028 (600 million) 680 700 699 5.250%, due 2029 (500 million) 565 581 580 4.750%, due 2030 398 397 397 7.250%, due 2031 684 684 683 7.375%, due 2032 297 297 296 9.500%, due 2033 493 Finance leases 152 174 186 Other 27 18 8 Total long-term debt 4,856 4,903 5,003 Less amounts due within one year 63 66 105 Long-term debt $ 4,793 $ 4,837 $ 4,898 The Company presents debt issuance costs in the Condensed Consolidated Balance Sheets as a deduction of the carrying amount of the related debt liability. On September 30, 2025, certain of the Companys subsidiaries entered into an Amended and Restated Credit Agreement and Syndicated Facility Agreement (the Credit Agreement), which refinanced in full the previous credit agreement. The Credit Agreement provides for up to $2.7 billion of borrowings pursuant to term loans A, term loans B and a revolving credit facility . The term loans A mature, and the revolving credit facility terminates, in September 2030, and the term loans B mature in September 2032; provided, however, that …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

Three months ended June 30, 2025 Americas Europe Total Alcoholic beverages (beer, wine, spirits) $ 535 $ 533 $ 1,068 Food and other 219 118 337 Non-alcoholic beverages 189 90 279 Reportable segment totals $ 943 $ 741 $ 1,684 Other 22 Net sales $ 1,706 Six months ended June 30, 2026 Americas Europe Total Alcoholic beverages (beer, wine, spirits) $ 975 $ 966 $ 1,941 Food and other 484 236 720 Non-alcoholic beverages 360 157 517 Reportable segment totals $ 1,819 $ 1,359 $ 3,178 Other 29 Net sales $ 3,207 Six months ended June 30, 2025 Americas Europe Total Alcoholic beverages (beer, wine, spirits) $ 1,038 $ 1,014 $ 2,052 Food and other 436 229 665 Non-alcoholic beverages 342 164 506 Reportable segment totals $ 1,816 $ 1,407 $ 3,223 Other 50 Net sales $ 3,273 …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

9. Income Taxes The Company calculates its interim tax provision using the estimated annual effective tax rate (EAETR) methodology in accordance with ASC 740-270. The EAETR is applied to the year-to-date ordinary income, exclusive of discrete items. The tax effects of discrete items are then included to arrive at the total reported interim tax provision. The determination of the EAETR is based upon a number of estimates, including the estimated annual pretax ordinary income or loss in each tax jurisdiction in which the Company operates. The tax effects of discrete items are recognized in the tax provision in the quarter they occur, in accordance with U.S. GAAP. Depending on various factors, such as the items significance in relation to total income and the rate of tax applicable in the jurisdiction to which it relates, discrete items in any quarter can materially impact the reported effective tax rate. The Companys annual effective tax rate may be affected by the mix of earnings in the U.S. and foreign jurisdictions, and factors such as changes in tax laws, tax rates or regulations, changes in business, changing interpretation of existing tax laws or regulations and the finalization of tax audits and reviews, as well as other factors. As such, there can be significant volatility in interim tax provisions. The annual effective tax rate differs from the statutory US federal tax rate of 21% primarily because of varying non-U.S. tax rates, the impact of the U.S. valuation allowan …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

8. Pension Benefit Plans The components of the net periodic pension cost for the three months ended June 30, 2026 and 2025 are as follows: U.S. Non-U.S. Three months ended June 30, Three months ended June 30, 2026 2025 2026 2025 Service cost $ 1 $ 1 $ 2 $ 2 Interest cost 10 11 9 9 Expected asset return (12) (12) (8) (8) Amortization of actuarial loss 3 3 3 2 Net periodic pension cost $ 2 $ 3 $ 6 $ 5 The components of the net periodic pension cost for the six months ended June 30, 2026 and 2025 are as follows: U.S. Non-U.S. Six months ended June 30, Six months ended June 30, 2026 2025 2026 2025 Service cost $ 2 $ 2 $ 4 $ 4 Interest cost 20 22 18 17 Expected asset return (24) (25) (15) (15) Amortization of actuarial loss 7 6 5 4 Net periodic pension cost $ 5 $ 5 $ 12 $ 10 The components of pension expense, other than the service cost component, are included in Other expense, net in the Condensed Consolidated Results of Operations. …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

7. Restructuring Accruals Selected information related to the restructuring accruals for the three months ended June 30, 2026 and 2025 is as follows: Fit to Win program Employee Asset Other Total Costs Impairment Exit Costs Restructuring Balance at April 1, 2026 $ 113 $ $ 68 $ 181 Charges 10 2 5 17 Write-down of assets to net realizable value (2) (2) Net cash paid, principally severance and related benefits (42) (13) (55) Other, including foreign exchange translation (9) (9) Balance at June 30, 2026 $ 81 $ $ 51 $ 132 Fit to Win program Other Restructuring Employee Asset Other Employee Asset Other Total Costs Impairment Exit Costs Costs Impairment Exit Costs Restructuring Balance at April 1, 2025 $ 78 $ $ 32 $ 6 $ 4 $ 120 Charges 8 104 1 113 Write-down of assets to net realizable value (104) (104) Net cash paid, principally severance and related benefits (46) (2) (1) (1) (50) Other, including foreign exchange translation 7 7 Balance at June 30, 2025 $ 47 $ $ 31 $ 5 $ $ 3 $ 86 Selected information related to the restructuring accruals for the six months ended June 30, 2026 and 2025 is as follows: Fit to Win program Employee Asset Other Total Costs Impairment Exit Costs Restructuring Balance at January 1, 2026 $ 113 $ $ 70 $ 183 Charges 37 2 16 55 Write-down of assets to net realizable value (2) (2) Net cash paid, principally severance and related benefits (67) (23) (90) Other, including foreign exchange translation (2) (12) (14) Balance at June 30, 2026 $ 81 $ $ 51 $ 132 Fit to …

RestructuringAndRelatedActivitiesDisclosureTextBlock · excerpt; the full note is in the filing

2. Revenue Revenue is recognized at a point in time when obligations under the terms of the Companys contracts and related purchase orders with its customers are satisfied. This occurs with the transfer of control of glass containers, which primarily takes place when products are shipped from the Companys manufacturing or warehousing facilities to the customer. Revenue is measured as the amount of consideration the Company expects to receive in exchange for transferring goods, which includes estimated provisions for rebates, discounts, returns and allowances. Amounts billed to customers related to shipping and handling or other pass-through items are included in net sales in the Condensed Consolidated Results of Operations. Sales, value-added, and other taxes the Company collects concurrent with revenue-producing activities are excluded from revenue. The Companys payment terms are based on customary business practices and can vary by customer type. The term between invoicing and when payment is due is not significant. Also, the Company elected to account for shipping and handling costs as a fulfillment cost at the time of shipment. For the three- and six-month periods ended June 30, 2026 and 2025, the Company had no material bad debt expense, and there were no material contract assets, contract liabilities or deferred contract costs recorded in the Condensed Consolidated Balance Sheets. The following tables for the three months ended June 30, 2026 and 2025 disaggregate the Co …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

1. Segment Information The Company has two reportable segments and two operating segments based on its geographic locations: the Americas and Europe. These two segments are aligned with the Companys internal approach to managing, reporting, and evaluating performance of its global glass operations. Certain assets and activities not directly related to one of the segments or to glass manufacturing are reported within Retained corporate costs and other. These include licensing, equipment manufacturing, global engineering, certain equity investments and certain minor businesses in the Asia Pacific region. Retained corporate costs and other also includes certain headquarters administrative and facilities costs and certain incentive compensation and other benefit plan costs that are global in nature and are not allocable to the reportable segments. The Companys measure of profit for its reportable segments is segment operating profit, which is a non-GAAP financial measure that consists of consolidated earnings before interest income, interest expense, and provision for income taxes and excludes amounts related to certain items that management considers not representative of ongoing operations and other adjustments, as well as certain retained corporate costs. The Companys management, including the chief operating decision maker (defined as the Chief Executive Officer), uses segment operating profit, supplemented by net sales and selected cash flow information, to evaluate segment …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

12. Share Owners Equity The activity in share owners equity for the three months ended June 30, 2026 and 2025 is as follows: Share Owners Equity of the Company Retained Accumulated Capital in Earnings/ Other Non- Total Share Common Excess of Treasury (Accumulated Comprehensive controlling Owners' Stock Par Value Stock Deficit) Loss Interests Equity Balance on April 1, 2026 $ 2 $ 3,024 (667) $ 475 $ (1,558) $ 156 $ 1,432 Reissuance of common stock (0.2 million shares) (3) 6 3 Net earnings (loss) (972) 7 (965) Other comprehensive income 76 5 81 Distributions to non-controlling interests (12) (12) Balance on June 30, 2026 $ 2 $ 3,021 $ (661) $ (497) $ (1,482) $ 156 $ 539 Share Owners Equity of the Company Accumulated Capital in Other Non- Total Share Common Excess of Treasury Retained Comprehensive controlling Owners' Stock Par Value Stock Earnings Loss Interests Equity Balance on April 1, 2025 $ 2 $ 3,045 $ (679) $ 660 $ (1,914) $ 135 $ 1,249 Reissuance of common stock (0.2 million shares) (2) 5 3 Shares repurchased (0.9 million shares) (10) (10) Stock compensation (0.1 million shares) 4 4 Net earnings (loss) (5) 6 1 Other comprehensive income 129 129 Distributions to non-controlling interests (8) (8) Balance on June 30, 2025 $ 2 $ 3,037 $ (674) $ 656 $ (1,785) $ 133 $ 1,369 The activity in share owners equity for the six months ended June 30, 2026 and 2025 is as follows: Share Owners Equity of the Company Retained Accumulated Capital in Earnings/ Other Non- Total Share Common …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing