Supplemental Cash Flow Statement and Other Disclosures

3 Months Ended

Mar. 31, 2025

Supplemental Cash Flow Statement and Other Disclosures

Supplemental Cash Flow Statement and Other Disclosures

7. Supplemental Cash Flow Statement and Other Disclosures

	March 31,
($ in millions)	2025		2024
Beginning 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
End of period:
Cash and cash equivalents	$	449	$	1,719
Current restricted cash (included in other current assets)		7		6
Noncurrent restricted cash (included in other assets)		6		—
Cash reported in current assets held for sale		5		—
Total cash, cash equivalents and restricted cash	$	467	$	1,725

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 unaudited condensed 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:

	March 31,
($ in millions)	2025		2024
Beginning of period:
PP&E acquired but not yet paid	$	96	$	204
End of period:
PP&E acquired but not yet paid	$	74	$	168

Supplier Finance Programs

The amount of obligations outstanding that the company confirmed as valid to the financial institutions under the company's regional supplier finance programs was $433 million and $423 million at March 31, 2025, and December 31, 2024, respectively. These amounts are classified within accounts payable on the unaudited condensed consolidated balance sheets, and the associated payments are reflected in the cash flows from operating activities section of the unaudited condensed consolidated statements of cash flows.