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Unaudited Interim Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities    
Net earnings (loss) $ 185 $ 277
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities    
Depreciation, amortization and accretion 384 425
Pension and postretirement net periodic benefit cost 4 3
Pension and postretirement contributions (27) (25)
Deferred income taxes, net (44) 4
(Gain) loss on disposition of businesses and assets, net 2 (8)
Stock-based compensation 12 20
Undistributed earnings in unconsolidated affiliates 2 (10)
Other, net 40 4
Operating cash provided by (used in) discontinued operations 8 (9)
Changes in operating assets and liabilities    
Trade receivables - third party and affiliates, net (31) (37)
Inventories 115 (143)
Other assets 99 (29)
Trade payables - third party and affiliates 38 99
Other liabilities (336) (199)
Net cash provided by (used in) operating activities 447 393
Settlement of cross-currency swap agreement 0 17
Investing Activities    
Capital expenditures on property, plant and equipment (195) (242)
Proceeds from sale of businesses and assets, net (7) 4
Other, net 2 (13)
Net cash provided by (used in) investing activities (186) (242)
Financing Activities    
Net change in short-term borrowings with maturities of 3 months or less 1 8
Proceeds from short-term borrowings 589 160
Repayments of short-term borrowings (555) (418)
Proceeds from long-term debt 2,821 183
Repayments of long-term debt (2,833) (485)
Stock option exercises 0 1
Common stock dividends (6) (154)
Distributions/dividends to noncontrolling interests (14) (18)
Other, net (74) (25)
Net cash provided by (used in) financing activities (71) (748)
Exchange rate effects on cash and cash equivalents 21 (23)
Net increase (decrease) in cash and cash equivalents 211 (620)
Cash and cash equivalents as of beginning of period 962 1,805
Cash and cash equivalents as of end of period $ 1,173 $ 1,185