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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 387 $ 356
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 57 54
Stock-based compensation 14 14
Unrealized (gain) loss on marketable securities (8) 10
Amortization of intangible assets 3 7
Deferred income taxes (3) (9)
Pension settlement loss 0 4
Technology-related investments loss 0 1
Other 1 3
Changes in assets and liabilities:    
Accounts receivable (8) (32)
Inventories (20) (30)
Accounts payable 8 24
Other assets and liabilities (66) (58)
Net cash provided by operating activities 365 344
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions of long-lived assets (57) (32)
Investment in equity method investee (2) (3)
Proceeds from sale of assets 0 3
Net cash used for investing activities (59) (32)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repurchases of common stock (255) (83)
Dividend payments (46) (44)
Taxes paid related to net share settlement of equity awards (15) (9)
Proceeds from exercise of stock options 7 24
Debt financing fees (5) (4)
Payments on long-term debt (2) (102)
Net cash used for financing activities (316) (218)
Effect of exchange rate changes on cash 7 (1)
Net (decrease) increase in cash and cash equivalents (3) 93
Cash and cash equivalents at beginning of period 781 555
Cash and cash equivalents at end of period 778 648
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Income taxes paid (95) (99)
Interest paid (60) (62)
Interest received from interest rate swaps 4 7
Non-cash investing activities:    
Capital expenditures in liabilities $ 17 $ 20