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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
OPERATING ACTIVITIES          
Net income (loss) $ 181 $ 233 $ 755 $ 558  
Adjustments to reconcile net income (loss) to cash provided by (used for) operating activities:          
Foreign exchange (gain) loss on net debt     (251) 39  
Depreciation, depletion and amortization 241 119 477 345  
Share-based compensation expense     54 49  
Deferred income tax expense (benefit)     (88) (43)  
(Gain) loss on sale of investments and property, plant and equipment     (155) (2)  
Results from affiliates     (16) 39  
Other, net     98 86  
Changes in operating assets and liabilities, excluding the effects of acquisitions and dispositions:          
Trade accounts receivable     (35) 382  
Inventories     (799) (557)  
Secured advances to suppliers     (281) 146  
Trade accounts payable and accrued liabilities     (48) (386)  
Advances on sales     (310) (179)  
Net unrealized (gains) losses on derivative contracts     (125) 533  
Margin deposits     (28) (152)  
Recoverable and income taxes, net     179 (148)  
Marketable securities     34 7  
Other, net     36 130  
Cash provided by (used for) operating activities     (503) 847  
INVESTING ACTIVITIES          
Payments made for capital expenditures     (1,185) (887)  
Acquisitions of businesses (net of cash acquired)     (4,116) 0  
Proceeds from investments     1,237 739  
Payments for investments     (2,471) (872)  
Settlements of net investment hedges     (34) (4)  
Proceeds from disposal of business and property, plant and equipment     946 6  
Proceeds from sale of investments in affiliates     100 103  
Payments for investments in affiliates     (69) (23)  
Other, net     68 (19)  
Cash provided by (used for) investing activities     (5,524) (957)  
FINANCING ACTIVITIES          
Net change in short-term debt with maturities of three months or less     2,389 113  
Proceeds from short-term debt with maturities greater than three months     1,031 646  
Repayments of short-term debt with maturities greater than three months     (969) (765)  
Proceeds from long-term debt     3,602 2,036  
Repayments of long-term debt     (1,350) (752)  
Debt issuance costs     (17) (24)  
Repurchases of registered shares     (545) (600)  
Dividends paid to registered and common shareholders     (324) (287)  
Capital contributions from (Return of capital to) noncontrolling interest     30 41  
Sale of redeemable noncontrolling interest     206 0  
Acquisition of noncontrolling interest     (18) 0  
Other, net     (14) (32)  
Cash provided by (used for) financing activities     4,021 376  
Effect of exchange rate changes on cash and cash equivalents, and restricted cash     3 0  
Net increase (decrease) in cash and cash equivalents, and restricted cash     (2,003) 266  
Cash and cash equivalents, and restricted cash - beginning of period     3,328 2,623 $ 2,623
Cash and cash equivalents, and restricted cash - end of period $ 1,325 $ 2,889 $ 1,325 $ 2,889 $ 3,328