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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net earnings $ 76 $ 70
Adjustments to reconcile to net cash (used in) provided by operating activities:    
Depreciation and amortization 21 23
Pension and postretirement income (111) (109)
Change in fair value of the Preferred Stock and Convertible Notes embedded derivatives 0 2
Non-cash changes in workers' compensation and employee benefit reserves 1 (3)
Stock based compensation 5 6
Net gain from sale of assets (17) (1)
Loss on extinguishment of debt 0 27
Decrease (increase) in trade receivables 52 (16)
(Increase) decrease in miscellaneous receivables (6) 10
Increase in inventories (25) (4)
Decrease in trade payables (1) (15)
(Decrease) increase in liabilities excluding borrowings and trade payables (39) 23
Other items, net 33 8
Total adjustments (87) (49)
Net cash (used in) provided by operating activities (11) 21
Cash flows from investing activities:    
Additions to properties (39) (15)
Proceeds from sale of assets 17 0
Net cash used in investing activities (22) (15)
Cash flows from financing activities:    
Other debt acquisition costs 0 (1)
Preferred stock cash dividend payments (3) (3)
Treasury stock purchases (1) 0
Net cash (used in) provided by financing activities (21) 87
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1) (5)
Net (decrease) increase in cash, cash equivalents and restricted cash (55) 88
Cash, cash equivalents and restricted cash, beginning of period 377 286
Cash, cash equivalents and restricted cash, end of period 322 374
Amended and Restated Term Loan Agreement [Member]    
Cash flows from financing activities:    
Net proceeds from Amended and Restated Term Loan Agreement 0 435
Repayment of debt (17) 0
Original Term Loan Credit Agreement [Member]    
Cash flows from financing activities:    
Repayment of debt 0 (316)
Convertible Notes [Member]    
Cash flows from financing activities:    
Repayment of debt $ 0 $ (28)