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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net income (loss) $ (166) $ 508
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 578 552
Stock-based compensation expense 19 20
Loss from disposition and write-off of property, plant and equipment 16 13
Deferred income taxes (19) (58)
Other gains, net 20 (9)
Changes in operating assets and liabilities    
Accounts receivable (308) (224)
Inventories (15) (74)
Prepaid expenses and other current assets 12 10
Accounts payable 92 53
Accrued and other liabilities 78 (218)
Other, net (249) (167)
Net cash provided by operating activities 58 406
Cash flows from investing activities    
Additions to investments in unconsolidated subsidiaries (22) (1)
Additions to property, plant and equipment (515) (503)
Purchase of available-for-sale securities (192) 0
Other, net 3 9
Net cash used for investing activities (726) (495)
Cash flows from financing activities    
Distributions to noncontrolling interests (23) (21)
Dividends paid (136) (130)
Repurchase of common stock for treasury (30) 0
Other, net (8) 5
Net cash used for financing activities (197) (146)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 30 (26)
Net decrease in cash, cash equivalents and restricted cash (835) (261)
Cash, cash equivalents and restricted cash at beginning of period 2,935 3,319
Cash, cash equivalents and restricted cash at end of period $ 2,100 $ 3,058