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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities:      
Net Income (Loss) $ (1,700) $ 35 $ (731)
Adjustments to Reconcile Net Income (Loss) to Cash Flows from Operating Activities:      
Depreciation and Amortization 1,045 1,049 1,001
Amortization and Write-Off of Debt Issuance Costs 19 14 15
Goodwill and Intangible Asset Impairment (Note 12) 674 125 230
Provision for Deferred Income Taxes (Note 7) 1,357 (65) (230)
Net Pension Curtailments and Settlements (Note 18) 201 (3) 40
Net Rationalization Charges (Note 4) 194 86 502
Rationalization Payments (431) (198) (99)
Net Gains on Asset Sales (Note 2) (816) (93) (104)
Loss (Gain) on Insurance Recoveries for Damaged Property, Plant and Equipment 0 (75) 0
Operating Lease Expense (Note 15) 318 326 302
Operating Lease Payments (Note 15) (287) (277) (278)
Pension Contributions and Direct Payments (83) (69) (54)
Changes in Operating Assets and Liabilities, Net of Asset Acquisitions and Dispositions:      
Accounts Receivable 215 127 (59)
Inventories 12 (106) 933
Accounts Payable — Trade (248) (78) (531)
Compensation and Benefits 28 24 48
Other Current Liabilities 247 (151) 158
Other Assets and Liabilities 51 27 (111)
Total Cash Flows from Operating Activities 796 698 1,032
Cash Flows from Investing Activities:      
Capital Expenditures (826) (1,188) (1,050)
Insurance Recoveries for Damaged Property, Plant and Equipment 0 62 0
Cash Proceeds from Sale and Leaseback Transactions (Note 2) 0 16 99
Asset Dispositions 1,802 115 16
Short Term Securities Acquired 0 0 (97)
Short Term Securities Redeemed 0 2 94
Long Term Securities Acquired 0 0 (11)
Long Term Securities Redeemed 4 4 6
Notes Receivable 14 (23) (79)
Other Transactions 3 7 (13)
Total Cash Flows from Investing Activities 997 (1,005) (1,035)
Cash Flows from Financing Activities:      
Short Term Debt and Overdrafts Incurred 966 1,326 954
Short Term Debt and Overdrafts Paid (1,033) (1,095) (1,009)
Long Term Debt Incurred 16,071 14,420 9,932
Long Term Debt Paid (17,763) (14,387) (10,220)
Common Stock Issued (6) (3) (2)
Transactions with Minority Interests in Subsidiaries (4) (8) (3)
Debt Related Costs and Other Transactions (1) (28) 15
Total Cash Flows from Financing Activities (1,770) 225 (333)
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash 23 (39) 10
Net Change in Cash, Cash Equivalents and Restricted Cash 46 (121) (326)
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period 864 985 1,311
Cash, Cash Equivalents and Restricted Cash at End of the Period $ 910 $ 864 $ 985