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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities    
Net income (loss) $ 1,091 $ 30
Less: Net income from discontinued operations 1,106 47
Net loss from continuing operations (15) (17)
Depreciation 84 82
Amortization 3 3
Amortization of deferred financing charges (8) 1
Earnings of affiliates, net of dividends received (3) (2)
Stock compensation expense 11 13
Deferred income taxes 11 (18)
Pension expense, net (5) (1)
Change in working capital (252) (418)
Change in other noncurrent assets and liabilities 11 (3)
Loss on divestiture of ownership interests 8  
Noncash electric vehicle program termination charges 52  
Other, net (31) (5)
Net cash used in operating activities from continuing operations (134) (365)
Net cash provided by (used in) operating activities from discontinued operations (61) 328
Net cash used in operating activities (195) (37)
Investing activities    
Purchases of property, plant and equipment (62) (67)
Proceeds from sale of property, plant and equipment 1 11
Settlements of undesignated derivatives (4) (2)
Other, net 1 1
Net cash used in investing activities from continuing operations (64) (57)
Net cash provided by (used in) investing activities from discontinued operations 2,563 (8)
Net cash provided by (used in) investing activities 2,499 (65)
Financing activities    
Net change in short-term debt (615) 121
Repayment of long-term debt (1,330) (4)
Dividends paid to common stockholders (13) (15)
Repurchases of common stock (125)  
Distributions to noncontrolling interests (1) (1)
Payment for mandatorily redeemable noncontrolling interest (190)  
Swap settlements   (6)
Other, net (18)
Net cash provided by (used in) financing activities (2,292) 95
Net increase (decrease) in cash, cash equivalents and restricted cash 12 (7)
Cash, cash equivalents and restricted cash – beginning of period 486 512
Effect of exchange rate changes on cash balances (6) 18
Cash, cash equivalents and restricted cash – end of period (Note 5) 492 523
Non-cash investing activity    
Purchases of property, plant and equipment held in accounts payable $ 34 $ 26