Supplemental Cash Flow Statement Disclosures

12 Months Ended

Dec. 31, 2024

Supplemental Cash Flow Statement Disclosures

Supplemental Cash Flow Statement Disclosures

7. Supplemental Cash Flow Statement Disclosures

	December 31,
($ in millions)	2024		2023
Beginning of period:
Cash and cash equivalents	$	695	$	548
Current restricted cash (included in other current assets)		15		10
Total cash, cash equivalents and restricted cash	$	710	$	558
End of period:
Cash and cash equivalents	$	885	$	695
Current restricted cash (included in other current assets)		8		15
Noncurrent restricted cash (included in other assets)		6		—
Cash reported in current assets held for sale		32		—
Total cash, cash equivalents and restricted cash	$	931	$	710

The company’s current restricted cash is primarily related to receivables factoring programs and represents amounts collected from customers that have not yet been remitted to the banks as of the end of the reporting period. Noncurrent restricted cash is comprised of additional cash consideration to be paid for the acquisition of Alucan Entec, S.A, less any potential obligations covered by the holdback arrangement. See Note 4 for further details.

Noncash investing activities include the acquisition of property, plant and equipment (PP&E) for which payment has not been made. These noncash capital expenditures are excluded from the consolidated statements of cash flows. A summary of the PP&E acquired but not yet paid, inclusive of amounts related to the historical aerospace business, is as follows:

	December 31,
($ in millions)	2024		2023
Beginning of period:
PP&E acquired but not yet paid	$	204	$	392
End of period:
PP&E acquired but not yet paid	$	96	$	204