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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities:    
Net Income $ 399 $ 3
Adjustments to Reconcile Net Income to Cash Flows from Operating Activities:    
Depreciation and Amortization 544 546
Amortization and Write-Off of Debt Issuance Costs 10 7
Provision for Deferred Income Taxes (Note 6) (55) (6)
Net Pension Curtailments and Settlements 4 (5)
Net Rationalization Charges (Note 4) 140 41
Rationalization Payments (204) (105)
Net Gains on Asset Sales (Note 5) (701) (94)
Loss (Gain) on Insurance Recoveries for Damaged Property, Plant and Equipment 0 (50)
Operating Lease Expense 159 164
Operating Lease Payments (141) (139)
Pension Contributions and Direct Payments (53) (29)
Changes in Operating Assets and Liabilities, Net of Asset Acquisitions and Dispositions:    
Accounts Receivable (498) (354)
Inventories (512) (397)
Accounts Payable — Trade (59) (18)
Compensation and Benefits 2 6
Other Current Liabilities 312 (91)
Other Assets and Liabilities (65) 3
Total Cash Flows used in Operating Activities (718) (518)
Cash Flows from Investing Activities:    
Capital Expenditures (466) (634)
Insurance Recoveries for Damaged Property, Plant and Equipment 0 37
Cash Proceeds from Sale and Leaseback Transactions (Note 5) 0 16
Asset Dispositions 1,328 108
Long Term Securities Redeemed 0 1
Notes Receivable 1 (17)
Other Transactions (26) 1
Total Cash Flows from (used in) Investing Activities 837 (488)
Cash Flows from Financing Activities:    
Short Term Debt and Overdrafts Incurred 557 595
Short Term Debt and Overdrafts Paid (632) (464)
Long Term Debt Incurred 8,888 7,068
Long Term Debt Paid (8,925) (6,280)
Common Stock Issued (5) (3)
Transactions with Minority Interests in Subsidiaries (1) (2)
Debt Related Costs and Other Transactions 11 (18)
Total Cash Flows (used in) from Financing Activities (107) 896
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash 26 (23)
Net Change in Cash, Cash Equivalents and Restricted Cash 38 (133)
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period 864 985
Cash, Cash Equivalents and Restricted Cash at End of the Period $ 902 $ 852