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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities      
Net income (loss) $ (49) $ 48 $ (311)
Depreciation 401 393 365
Amortization 21 23 23
Amortization of deferred financing charges 6 5 5
Write-off of deferred financing costs   1  
Earnings of affiliates, net of dividends received (7) 11 23
Stock compensation expense 30 26 19
Deferred income taxes (29) (104) 153
Pension expense, net 1 3 (1)
Impairment of goodwill     191
Change in working capital 27 70 199
Loss on disposal group previously held for sale 26    
Change in other noncurrent assets and liabilities 25 11 9
Other, net (2) (11) (26)
Net cash provided by operating activities 450 476 649
Investing activities      
Purchases of property, plant and equipment (380) (501) (440)
Proceeds from sale of property, plant and equipment 11 2 3
Purchases of marketable securities     (15)
Proceeds from maturities of marketable securities     30
Settlements of undesignated derivatives (5) (13) (8)
Other, net 22 (16) 4
Net cash used in investing activities (352) (528) (426)
Financing activities      
Net change in short-term debt (14) (30) 33
Proceeds from long-term debt 1 458 2
Repayment of long-term debt (37) (209) (24)
Deferred financing payments   (9)  
Dividends paid to common stockholders (58) (58) (58)
Repurchases of common stock     (25)
Distributions to noncontrolling interests (20) (10) (9)
Collection of note receivable from redeemable noncontrolling interest 11    
Contributions from redeemable noncontrolling interests 18 22 51
Payments to acquire noncontrolling interests     (4)
Other, net 9 (4) (8)
Net cash provided by (used in) financing activities (90) 160 (42)
Net increase in cash, cash equivalents and restricted cash 8 108 181
Cash, cash equivalents and restricted cash - beginning of period 563 442 287
Effect of exchange rate changes on cash balances (59) 13 (26)
Cash, cash equivalents and restricted cash - end of period $ 512 $ 563 $ 442