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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 91 $ 108  
Adjustments to net income:      
Depreciation and Amortization 35 31  
Deferred taxes 0 9  
Other adjustments, net 5 4  
Receivables (36) (47)  
Inventories (37) (23)  
Prepaid expenses and other current assets 0 1  
Accounts payable and accrued liabilities (4) 0  
Income taxes payable, net of receivables 11 22  
Net cash provided by operating activities 64 105  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Property, plant, and equipment additions (64) (41)  
Net cash used in investing activities (64) (41)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Payment of cash dividend (20) (19)  
Repurchase of common stock (61) (13)  
Other financing activities (7) (6)  
Net cash used in financing activities (87) (39)  
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 3 (3)  
Net increase (decrease) in cash, cash equivalents, and restricted cash (84) 22  
Cash, cash equivalents and restricted cash at beginning of period 340 222 $ 222
Cash, cash equivalents and restricted cash at end of period 256 244 340
Cash paid for income taxes, net 15 10  
Cash paid for interest, net 7 7  
Unpaid capital expenditures $ 12 $ 7 $ 32