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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Statement of Cash Flows [Abstract]      
Net earnings (loss) $ (1,514) $ 1,964 $ 1,902
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities      
Asset impairments 1,639 [1] 15 14
Depreciation, amortization and accretion 823 739 478
Pension and postretirement net periodic benefit cost 6 13 (85)
Pension and postretirement contributions (54) (49) (48)
Actuarial (gain) loss on pension and postretirement plans 37 66 81
Pension curtailments and settlements, net (9) 1 0
Deferred income taxes, net 216 (967) (835)
(Gain) loss on disposition of businesses and assets, net 13 (501) (8)
Stock-based compensation 32 40 60
Undistributed earnings in unconsolidated affiliates (33) 55 (3)
Other, net 19 9 11
Operating cash provided by (used in) discontinued operations (5) (2) (28)
Changes in operating assets and liabilities      
Trade receivables - third party and affiliates, net 92 105 218
Inventories 11 398 (253)
Other assets (10) 277 (13)
Trade payables - third party and affiliates (234) 20 (84)
Other liabilities (63) (284) 412
Net cash provided by (used in) operating activities 966 1,899 1,819
Investing Activities      
Capital expenditures on property, plant and equipment (435) (568) (543)
Acquisitions, net of cash acquired 0 52 (10,589)
Proceeds from sale of businesses and assets, net 0 480 48
Settlement of cross-currency swap agreement 17 0 0
Other, net (52) (98) (57)
Net cash provided by (used in) investing activities (470) (134) (11,141)
Financing Activities      
Net change in short-term borrowings with maturities of 3 months or less 15 (278) 36
Proceeds from short-term borrowings 160 452 500
Repayments of short-term borrowings (418) (603) 0
Proceeds from long-term debt 328 3,001 10,769
Repayments of long-term debt (1,033) (3,660) (526)
Purchases of treasury stock, including related fees 0 0 (17)
Stock option exercises 1 0 0
Common stock dividends (307) (305) (297)
Distributions/dividends to noncontrolling interests (33) (11) (13)
Issuance cost of bridge facility 0 0 (63)
Other, net (26) (52) (99)
Net cash provided by (used in) financing activities (1,313) (1,456) 10,290
Exchange rate effects on cash and cash equivalents (26) (12) 4
Net increase (decrease) in cash and cash equivalents (843) 297 972
Cash and cash equivalents as of beginning of period 1,805 1,508 536
Cash and cash equivalents as of end of period $ 962 $ 1,805 $ 1,508
[1] Primarily related to non-cash impairment losses on goodwill and certain trade names, primarily Zytel®, arising from the Company's goodwill and indefinite-lived intangible assets impairment tests (Note 9).