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Unaudited Interim Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating Activities    
Net earnings (loss) $ 48 $ (20)
Adjustments to reconcile net earnings (loss) to net cash provided by (used in) operating activities    
Depreciation, amortization and accretion 208 191
Pension and postretirement net periodic benefit cost (2) 2
Pension and postretirement contributions (13) (14)
Deferred income taxes, net (18) 20
(Gain) loss on disposition of businesses and assets, net 48 3
Stock-based compensation 8 5
Undistributed earnings in unconsolidated affiliates 18 10
Other, net (3) 36
Operating cash provided by (used in) discontinued operations (13) 4
Changes in operating assets and liabilities    
Trade receivables - third party and affiliates, net (203) (99)
Inventories (80) 14
Other assets (18) 75
Trade payables - third party and affiliates 187 93
Other liabilities 5 (277)
Net cash provided by (used in) operating activities 76 37
Investing Activities    
Capital expenditures on property, plant and equipment (66) (102)
Proceeds from sale of businesses and assets, net (493) (6)
Other, net (2) (2)
Net cash provided by (used in) investing activities 425 (98)
Financing Activities    
Net change in short-term borrowings with maturities of 3 months or less 8 (4)
Proceeds from short-term borrowings 0 548
Repayments of short-term borrowings (43) (341)
Proceeds from long-term debt 58 2,739
Repayments of long-term debt (15) (2,816)
Common stock dividends (3) (3)
Distributions/dividends to noncontrolling interests (7) (8)
Other, net (1) (70)
Net cash provided by (used in) financing activities (3) 45
Exchange rate effects on cash and cash equivalents (3) 5
Net increase (decrease) in cash and cash equivalents 495 (11)
Cash and cash equivalents as of beginning of period 1,263 962
Cash and cash equivalents as of end of period $ 1,758 $ 951