PHINIA INC.

For the period ended Dec 31, 2025. Filed Feb 12, 2026.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 12, 2026

PHIN$70.33+2.0%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets

	December 31,
(in millions, except share and per share amounts)	2025	2024
ASSETS
Cash and cash equivalents	$359	$484
Receivables, net	804	817
Inventories	473	444
Prepayments and other current assets	126	96
Total current assets	1,762	1,841
Property, plant and equipment, net	876	843
Investments and long-term receivables	145	111
Goodwill	509	471
Other intangible assets, net	398	374
Other non-current assets	127	128
Total assets	$3,817	$3,768
LIABILITIES AND EQUITY
Short-term borrowings and current portion of long-term debt	$3	$25
Accounts payable	510	522
Other current liabilities	434	422
Total current liabilities	947	969
Long-term debt	967	963
Retirement-related liabilities	141	112
Other non-current liabilities	175	150
Total liabilities	2,230	2,194
Commitments and contingencies (see Note 20)
Capital stock:
Common stock, $0.01 par value; authorized shares: 200,000,000; issued shares: (2025 - 47,013,661, 2024 - 47,013,661); outstanding shares: (2025 - 37,915,162, 2024 - 41,643,883)	1	1
Additional paid-in capital	1,978	1,976
Retained earnings	132	44
Accumulated other comprehensive loss	(98)	(217)
Treasury stock, at cost: (2025 - 9,098,499 shares, 2024 - 5,369,778 shares)	(426)	(230)
Total equity	1,587	1,574
Total liabilities and equity	$3,817	$3,768

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.