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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Statement of Cash Flows [Abstract]      
Net earnings (loss) $ (1,151) $ (1,534) $ 1,947
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities      
Asset impairment losses 1,513 1,639 15
Depreciation, amortization and accretion 786 823 739
Pension and postretirement net periodic benefit cost 8 6 13
Pension and postretirement contributions (54) (54) (49)
Actuarial (gain) loss on pension and postretirement plans (45) 37 66
Pension curtailments and settlements, net (3) (9) 1
Deferred income taxes, net (278) 213 (972)
(Gain) loss on disposition of businesses and assets, net 5 13 (501)
Stock-based compensation 24 32 40
Undistributed earnings in unconsolidated affiliates 13 (33) 55
Other, net 81 19 9
Operating cash provided by (used in) discontinued operations 12 (5) (2)
Changes in operating assets and liabilities      
Trade receivables - third party and affiliates, net 213 92 105
Inventories 154 11 398
Other assets 167 1 285
Trade payables - third party and affiliates 26 (234) 20
Other liabilities (325) (51) (270)
Net cash provided by (used in) operating activities 1,146 966 1,899
Investing Activities      
Capital expenditures on property, plant and equipment (343) (435) (568)
Acquisitions, net of cash acquired 0 0 52
Proceeds from sale of businesses and assets, net 21 0 480
Settlement of cross-currency swap agreement 0 17 0
Other, net (27) (52) (98)
Net cash provided by (used in) investing activities (349) (470) (134)
Financing Activities      
Net change in short-term borrowings with maturities of 3 months or less 8 15 (278)
Proceeds from short-term borrowings 606 160 452
Repayments of short-term borrowings (637) (418) (603)
Proceeds from long-term debt 4,352 328 3,001
Repayments of long-term debt (4,652) (1,033) (3,660)
Common stock dividends (13) (307) (305)
Distributions/dividends to noncontrolling interests (30) (33) (11)
Other, net (147) (25) (52)
Net cash provided by (used in) financing activities (513) (1,313) (1,456)
Exchange rate effects on cash and cash equivalents 17 (26) (12)
Net increase (decrease) in cash and cash equivalents 301 (843) 297
Cash and cash equivalents as of beginning of period 962 1,805 1,508
Cash and cash equivalents as of end of period $ 1,263 $ 962 $ 1,805