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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 267 $ 1
Adjustments to net income:    
Depreciation and amortization 62 57
Impairment of goodwill and long-lived assets 0 24
Loss due to settlement 0 6
Deferred taxes 4 10
Foreign currency remeasurement and transaction (gain) loss (5) 13
Other adjustments, net (6) 29
Receivables (33) (22)
Inventories 1 (68)
Prepaid expenses and other current assets (11) (1)
Accounts payable and accrued liabilities 16 (45)
Income taxes payable, net of receivables (21) 33
Net cash provided by (used in) operating activities 317 (30)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property, plant, and equipment additions (77) (188)
Acquisition of facility assets 0 (80)
Proceeds from sales of assets 0 1
Other investing activities 16 (4)
Net cash used in investing activities (61) (271)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowing of long-term debt 0 70
Repayment of long-term debt, including call premium 0 (40)
Payment of cash dividend (37) (35)
Repurchase of common stock (115) 0
Other financing activities (5) (9)
Net cash used in financing activities (157) (14)
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 95 (313)
Cash, cash equivalents and restricted cash at beginning of period 222 383
Cash, cash equivalents and restricted cash at end of period 317 71
Cash paid for income taxes, net 69 45
Cash paid for interest, net 7 1
Unpaid capital expenditures $ 10 $ 22