Qnity Electronics, Inc.
For the period ended Jun 30, 2026. Filed Aug 4, 2026.
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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.
Jun 30, 2026 · Filed Aug 4, 2026
Q$123.64-1.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Unaudited)
| In millions | June 30, 2026 | December 31, 2025 |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash and cash equivalents | $961 | $915 |
| Accounts and notes receivable - net | 1,138 | 992 |
| Inventories - net | 730 | 661 |
| Prepaid and other current assets | 67 | 70 |
| Total current assets | $2,896 | $2,638 |
| Property, plant and equipment - net of accumulated depreciation (June 30, 2026 - 1,511; December 31, 2025 - 1,450) | 1,777 | 1,701 |
| Other Assets | ||
| Goodwill | 7,518 | 7,522 |
| Other intangible assets | 1,015 | 1,111 |
| Investments and noncurrent receivables | 427 | 402 |
| Deferred income tax assets | 38 | 42 |
| Deferred charges and other assets | 660 | 654 |
| Total other assets | $9,658 | $9,731 |
| Total Assets | $14,331 | $14,070 |
| Liabilities and Equity | ||
| Current Liabilities | ||
| Short-term borrowings | $23 | $24 |
| Accounts payable | 790 | 680 |
| Income taxes payable | 120 | 150 |
| Accrued and other current liabilities | 509 | 502 |
| Total current liabilities | $1,442 | $1,356 |
| Long-Term Debt | 3,997 | 4,003 |
| Other Noncurrent Liabilities | ||
| Deferred income tax liabilities | 228 | 273 |
| Pensions and other post-employment benefits - noncurrent | 80 | 80 |
| Other noncurrent obligations | 1,038 | 992 |
| Total other noncurrent liabilities | $1,346 | $1,345 |
| Total Liabilities | $6,785 | $6,704 |
| Commitments and contingent liabilities (Note 13) | ||
| Stockholders' Equity | ||
| Common stock (authorized 1,666,666,667 shares of $0.01 par value each; issued 2026: 209,334,927 shares; 2025: 209,479,173 shares) | 2 | 2 |
| Preferred stock (authorized 1 share of $1.50 million par value each; issued 2026: 1 share; 2025: 1 share) | 2 | 2 |
| Additional paid-in capital | 7,266 | 7,286 |
| Retained earnings | 260 | 18 |
| Accumulated other comprehensive loss | (269) | (213) |
| Total Qnity equity | $7,261 | $7,095 |
| Noncontrolling interests | 285 | 271 |
| Total equity | $7,546 | $7,366 |
| Total Liabilities and Equity | $14,331 | $14,070 |
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