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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities:      
Net income $ 1,742 $ 592 $ 648
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 1,237 1,229 1,247
Amortization of purchased intangibles 110 121 122
Loss on disposal of assets, net 27 143 155
Share-based compensation expense 286 273 218
Translation loss (gain) on foreign denominated debt, net 52 (104) (100)
Deferred tax benefit (355) (33) (75)
Translated earnings contract gain, net (150) (83) (161)
Pension contributions (68) (9) (25)
Release of cumulative translation losses 145
Tax deposit refund 99
Changes in assets and liabilities:      
Trade accounts receivable (749) (717) 50
Inventories (243) (171) 157
Other current assets (262) (107) (80)
Accounts payable and other current liabilities 584 470 (173)
Customer deposits and government incentives 268 (6) (42)
Deferred income (58) (27) (5)
Other, net 274 223 (30)
Net cash provided by operating activities 2,695 1,939 2,005
Cash Flows from Investing Activities:      
Capital expenditures (1,282) (965) (1,390)
Investments in unconsolidated entities (134) (7) (17)
Realized gains on translated earnings contracts and other 304 279 326
Premiums paid on hedging contracts (122) (98) (9)
Other, net (20) (33) 1
Net cash used in investing activities (1,243) (744) (1,000)
Cash Flows from Financing Activities:      
Repayments of debt (298) (267) (284)
Proceeds from issuance of debt 294 153 82
Proceeds from issuance of euro bonds 918
Repayment of acquisition related debt (75)
Proceeds from cross currency swap 24 134
Principal payments on finance leases (346) (30) (36)
Payment for redemption of preferred stock (507)
Payments of employee withholding tax on stock awards (98) (81) (106)
Proceeds from exercise of stock options 41 76 42
Purchases of common stock for treasury (163) (165)
Dividends paid (999) (986) (989)
Other, net (52) 2 (3)
Net cash used in financing activities (1,672) (1,164) (883)
Effect of exchange rates on cash 18 (42) (14)
Net (decrease) increase in cash and cash equivalents and restricted cash (202) (11) 108
Cash and cash equivalents and restricted cash at beginning of year 1,768 1,779 1,671
Cash and cash equivalents and restricted cash at end of year 1,566 1,768 1,779
Restricted cash included in other current assets 40
Cash and cash equivalents at end of year 1,526 1,768 1,779
Related Party      
Cash Flows from Investing Activities:      
Proceeds from sale of equipment to related party 67
Nonrelated Party      
Cash Flows from Investing Activities:      
Proceeds from sale of equipment to related party $ 11 $ 80 $ 22