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Statement of Consolidated Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities    
Net income $ 344 $ 243
Adjustments to reconcile net income to cash provided from operations:    
Depreciation and amortization 69 67
Deferred income taxes 18 32
Restructuring and other (credits) charges (4) 0
Net realized and unrealized losses 5 7
Net periodic pension cost (E) 10 10
Stock-based compensation 14 15
Other 3 1
Changes in assets and liabilities, excluding effects of acquisitions, divestitures, and foreign currency translation adjustments:    
Increase in receivables (J) (189) (127)
Increase in inventories (K) (49) (31)
Decrease in prepaid expenses and other current assets 24 23
Increase in accounts payable, trade 58 22
Decrease in accrued expenses (91) (87)
Increase in taxes, including income taxes 60 15
Pension contributions 0 (2)
Increase in noncurrent assets (1) (2)
Decrease in noncurrent liabilities (18) (9)
Cash provided from operations 253 177
Financing Activities    
Repurchases and payments on debt (N) (1) 0
Repurchases of common stock (125) (150)
Proceeds from exercise of employee stock options 1 5
Dividends paid to shareholders (42) (21)
Taxes paid for net share settlement of equity awards 0 (12)
Cash used for financing activities (167) (178)
Investing Activities    
Capital expenditures (C) (119) (82)
Proceeds from the sale of assets and businesses (D) 5 7
Other (1) 0
Cash used for investing activities (115) (75)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 1 0
Net change in cash, cash equivalents and restricted cash (28) (76)
Cash, cash equivalents and restricted cash at beginning of period 565 610
Cash, cash equivalents and restricted cash at end of period $ 537 $ 534