Qnity Electronics, Inc.
For the period ended Sep 30, 2025. Filed Nov 18, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 18, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Supplementary Information
NOTE 6 -SUPPLEMENTARY INFORMATION
| Other Income (Expense) - Net | Three Months Ended September 30, | Nine Months Ended September 30, | ||
|---|---|---|---|---|
| In millions | 2025 | 2024 | 2025 | 2024 |
| Net gain on sales of assets | $1 | $— | $1 | $2 |
| Non-operating pension (costs) credits | (2) | 1 | (2) | 1 |
| Interest income | — | — | 2 | — |
| Foreign exchange gains (losses), net | 1 | (4) | (4) | 3 |
| Miscellaneous income (expense) - net | (1) | 2 | — | 3 |
| Other income (expense) - net | $(1) | $(1) | $(3) | $9 |
Accrued and Other Current Liabilities
| In millions | September 30, 2025 | December 31, 2024 |
|---|---|---|
| Accrued payroll | $86 | $93 |
| Other 1 | 80 | 57 |
| Total accrued and other current liabilities | $166 | $150 |
- No other component of “Accrued and other current liabilities” was more than 5% of total current liabilities at September 30, 2025 and December 31, 2024.
Operating Leases
Supplemental balance sheet information related to leases was as follows:
| In millions | September 30, 2025 | December 31, 2024 |
|---|---|---|
| Operating Leases | ||
| Operating lease right-of-use assets 1 | $122 | $127 |
| Current operating lease liabilities 2 | 28 | 30 |
| Noncurrent operating lease liabilities 3 | 97 | 100 |
| Total operating lease liabilities | $125 | $130 |
Included in "Deferred charges and other assets" in the interim Condensed Combined Balance Sheets.
Included in "Accrued and other current liabilities" in the interim Condensed Combined Balance Sheets.
Included in "Other noncurrent obligations" in the interim Condensed Combined Balance Sheets.
Separation Costs
In connection with the Separation as further described above, the Company has incurred one-time-Separation costs of approximately $4 million and $6 million for the three and nine months ended September 30, 2025, respectively, recorded in "Selling, general and administrative expenses" within the interim Combined Statements of Operations. Separation costs primarily consist of employee-related costs. There wereno costs incurred in connection with the Separation for the three and nine months ended September 30, 2024.
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