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CONSOLIDATED STATEMENTS OF CASH FLOWS (Condensed) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net income $ 443 $ 300
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 224 230
Restructuring and other, net 45 40
Pension and postretirement expense 14 35
Pension contributions 22 (5)
Stock-based compensation 26 20
Equity earnings, net of distributions 0 8
Working capital changes and other (311) (285)
Net cash provided by operating activities 463 343
Cash flows from investing activities    
Capital expenditures (89) (178)
Net investment hedge 13 13
Proceeds from sale of property, plant and equipment 29 22
Other 3 0
Net cash used for investing activities (44) (143)
Cash flows from financing activities    
Net change in revolving credit facility and short-term debt 8 0
Proceeds from short-term debt 252 124
Payments of short-term debt (126) (44)
Proceeds from long-term debt 700 20
Payments of long-term debt (917) (60)
Debt issuance costs (10) 0
Dividends paid to noncontrolling interests (62) (40)
Dividends paid to shareholders (60) (60)
Common stock repurchased (209) (7)
Other (3) (3)
Net cash used for financing activities (427) (70)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 30 (19)
Net change in cash, cash equivalents and restricted cash 22 111
Cash, cash equivalents and restricted cash at January 1 1,016 1,400
Cash, cash equivalents and restricted cash at June 30 $ 1,038 $ 1,511