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CONSOLIDATED STATEMENTS OF CASH FLOWS (Condensed) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities    
Net income (loss) $ 682 $ 168
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 340 344
Restructuring and other, net 75 27
Pension and postretirement expense 24 564
Pension contributions 21 (122)
Stock-based compensation 37 32
Equity earnings, net of distributions (1) 2
Working capital changes and other (135) (118)
Net cash provided by operating activities 1,043 897
Cash flows from investing activities    
Capital expenditures (181) (254)
Net investment hedge 25 25
Proceeds from sale of property, plant and equipment 32 21
Other 3 0
Net cash used for investing activities (121) (208)
Cash flows from financing activities    
Net change in revolving credit facility and short-term debt 0 3
Proceeds from short-term debt 304 156
Payments of short-term debt (229) (81)
Proceeds from long-term debt 700 675
Payments of long-term debt (947) (750)
Debt issuance costs (10) (10)
Dividends paid to noncontrolling interests (84) (45)
Dividends paid to shareholders (90) (90)
Common stock repurchased (314) (117)
Other (10) (1)
Net cash used for financing activities (680) (260)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 20 4
Net change in cash, cash equivalents, and restricted cash 262 433
Cash, cash equivalents, and restricted cash at January 1 1,016 1,400
Cash, cash equivalents, and restricted cash at September 30 $ 1,278 $ 1,833