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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows from Operating Activities:    
Net Income (Loss) $ 118 $ (58)
Adjustments to Reconcile Net Income (Loss) to Cash Flows from Operating Activities:    
Depreciation and Amortization 270 284
Amortization and Write-Off of Debt Issuance Costs 6 3
Provision for Deferred Income Taxes (Note 6) (31) (42)
Net Pension Curtailments and Settlements 4 (5)
Net Rationalization Charges (Note 4) 81 22
Rationalization Payments (65) (55)
Net (Gains) Losses on Asset Sales (Note 2) (262) 2
Operating Lease Expense 78 85
Operating Lease Payments (71) (69)
Pension Contributions and Direct Payments (41) (16)
Changes in Operating Assets and Liabilities, Net of Asset Acquisitions and Dispositions:    
Accounts Receivable (431) (325)
Inventories (365) (167)
Accounts Payable — Trade 46 (47)
Compensation and Benefits (28) (38)
Other Current Liabilities 95 (45)
Other Assets and Liabilities 58 20
Total Cash Flows from Operating Activities (538) (451)
Cash Flows from Investing Activities:    
Capital Expenditures (259) (318)
Asset Dispositions 720 108
Notes Receivable (7) (21)
Other Transactions (22) 0
Total Cash Flows from Investing Activities 432 (231)
Cash Flows from Financing Activities:    
Short Term Debt and Overdrafts Incurred 409 282
Short Term Debt and Overdrafts Paid (535) (230)
Long Term Debt Incurred 5,951 3,964
Long Term Debt Paid (5,627) (3,332)
Common Stock Issued (4) (3)
Transactions with Minority Interests in Subsidiaries 0 (2)
Debt Related Costs and Other Transactions 17 (18)
Total Cash Flows from Financing Activities 211 661
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash 9 (10)
Net Change in Cash, Cash Equivalents and Restricted Cash 114 (31)
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period 864 985
Cash, Cash Equivalents and Restricted Cash at End of the Period $ 978 $ 954