XML 16 R6.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net income (loss) $ (17) $ (114)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 118 167
Stock-based compensation expense 18 27
Deferred income taxes 0 (8)
Impairment of other assets 0 5
Loss (gain) on divestiture 0 (14)
Changes in assets and liabilities, net of effects of business acquired:    
Receivables 17 61
Inventories (15) 31
Current payables and accrued expenses (21) (52)
Contract liabilities (14) 41
Employee benefit plans 10 (3)
Other assets and liabilities (380) (114)
Net cash provided by (used in) operating activities (284) 27
Investing activities    
Expenditures for property, plant and equipment (15) (21)
Additions to capitalized software (66) (104)
Proceeds from divestiture, net 0 14
Proceeds from disposition of corporate-owned life insurance policies 0 30
Collections on purchased trade receivables 6 0
Net cash provided by (used in) investing activities (75) (81)
Financing activities    
Payments on term credit facilities 0 (8)
Payments on revolving credit facilities (9) (374)
Borrowings on revolving credit facilities 9 412
Cash dividend paid for Series A preferred shares dividends (8) (8)
Repurchases of common stock (69) 0
Proceeds from employee stock plans 5 7
Tax withholding payments on behalf of employees (7) (9)
Principal payments for finance lease obligations (7) (5)
Net cash provided by (used in) financing activities (86) 15
Effect of exchange rate changes on cash, cash equivalents and restricted cash 5 (14)
Increase (decrease) in cash, cash equivalents, and restricted cash (440) (53)
Cash, cash equivalents and restricted cash at beginning of period 758 285
Cash, cash equivalents and restricted cash at end of period $ 318 $ 232