CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net income	$ 172	$ 177
Adjustments to reconcile net income to net cash provided by operating activities	246	225
Changes in working capital accounts, excluding the effects of acquisition	(38)	(111)
Net cash provided by operating activities	380	291
Cash flows from investing activities:
Capital expenditures	(157)	(139)
Acquisitions of businesses and assets, net of cash acquired and other	1	(861)
Net cash used in investing activities	(156)	(1,000)
Cash flows from financing activities:
Borrowings under revolving credit facility	310	365
Repayments under revolving credit facility	330	170
Proceeds from issuance of senior notes and term loans	0	800
Payments on long-term debt	(15)	(11)
Payments of debt issuance and deferred financing costs	(2)	(5)
Payments on license obligations	(9)	(12)
Payments of contingent acquisition consideration	0	(2)
Purchase of L&W common stock	(163)	(270)
Net redemptions of common stock under stock-based compensation plans and other	(32)	(35)
Net cash (used in) provided by financing activities	(241)	660
Effect of exchange rate changes on cash, cash equivalents and restricted cash	1	8
Decrease in cash, cash equivalents and restricted cash	(16)	(41)
Cash, cash equivalents and restricted cash, beginning of period	266	312
Cash, cash equivalents and restricted cash, end of period	$ 250	$ 271