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Unaudited Interim Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities    
Net earnings (loss) $ (17) $ 124
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities    
Depreciation, amortization and accretion 191 227
Pension and postretirement net periodic benefit cost 2 1
Pension and postretirement contributions (14) (13)
Deferred income taxes, net 20 (6)
Gain (Loss) on Disposition of Property Plant Equipment 3 (1)
Stock-based compensation 5 10
Undistributed earnings in unconsolidated affiliates 10 (28)
Other, net 36 3
Operating cash provided by (used in) discontinued operations 4 (8)
Changes in operating assets and liabilities    
Trade receivables - third party and affiliates, net (99) (55)
Inventories 14 (19)
Other assets 72 34
Trade payables - third party and affiliates 93 (21)
Other liabilities (277) (149)
Net cash provided by (used in) operating activities 37 101
Investing Activities    
Capital expenditures on property, plant and equipment (102) (137)
Proceeds from sale of businesses and assets, net (6) 0
Other, net (2) (14)
Net cash provided by (used in) investing activities (98) (151)
Financing Activities    
Net change in short-term borrowings with maturities of 3 months or less (4) 10
Proceeds from short-term borrowings 548 146
Repayments of short-term borrowings (341) (418)
Proceeds from long-term debt 2,739 111
Repayments of long-term debt 2,816 6
Repayments of long-term debt (2,816) (6)
Stock option exercises 0 1
Common stock dividends (3) (77)
Distributions/dividends to noncontrolling interests (8) (4)
Other, net (70) (22)
Net cash provided by (used in) financing activities 45 (259)
Exchange rate effects on cash and cash equivalents 5 (13)
Net increase (decrease) in cash and cash equivalents (11) (322)
Cash and cash equivalents as of beginning of period 962 1,805
Cash and cash equivalents as of end of period $ 951 $ 1,483