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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income (loss) $ (390) $ 327
Adjustments to reconcile to net cash provided by operating activities    
Depreciation and amortization 725 772
Deferred income taxes (213) (143)
Loss on assets classified as held for sale 108 284
Losses (gains) on sale of assets 1 (11)
Losses (gains) on business disposals 111 (348)
Stock-based compensation 72 59
Pension contributions (20) (17)
Gain on extinguishment of debt (488) 0
Impairment of goodwill 1,153 64
Changes in assets and liabilities, net of acquisitions:    
Trade receivables (195) (276)
Inventories (129) (3)
Accounts payable 28 (34)
Accruals for incentive compensation (154) 119
Other assets/liabilities, net (77) (112)
Net cash provided by operating activities 532 681
Cash flows from investing activities:    
Additions to property, plant and equipment (406) (303)
Additions to intangible assets (2) (5)
Proceeds from disposal of assets 0 18
Net proceeds received from business disposals 2,707 876
Cash received on foreign currency forward contracts 131 21
Joint venture capital contributions (4) 0
Net cash provided by investing activities 2,426 607
Cash flows from financing activities:    
Cash dividends paid to shareholders (306) (411)
Net borrowings of commercial paper (maturities less than three months) 370 0
Principal payments of debt (2,913) (974)
Deferred and contingent consideration paid 0 (36)
Withholding tax paid on stock-based compensation (23) (15)
Proceeds from (Payment for) Other Financing Activity (19) (8)
Net cash used in financing activities (2,891) (1,444)
Effect of exchange rate changes on cash and cash equivalents 83 (10)
Net change in cash and cash equivalents and restricted cash 150 (166)
Cash and cash equivalents and restricted cash at beginning of year 471 735
Cash and cash equivalents at end of period 621 569
Supplemental Disclosures:    
Interest paid, net of amounts capitalized 175 216
Income taxes paid, net 262 248
Accrued capital expenditures $ 92 $ 74