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 $ 209 $ 152
Adjustment to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 144 136
Amortization of deferred financing costs and original issue discount 4 4
Debt extinguishment and refinancing-related costs 0 3
Deferred income taxes 11 8
Realized and unrealized foreign exchange losses, net 29 12
Stock-based compensation 13 14
Interest income on swaps designated as net investment hedges (7) (7)
Other non-cash, net 6 5
Changes in operating assets and liabilities:    
Trade accounts and notes receivable (47) (35)
Inventories (56) (22)
Prepaid expenses and other assets (89) (91)
Accounts payable 65 7
Other accrued liabilities (111) (62)
Other liabilities (3) 24
Cash provided by operating activities 168 148
Investing activities:    
Acquisition, net of cash acquired (6) 0
Purchase of property, plant and equipment (88) (45)
Interest proceeds on swaps designated as net investment hedges 7 7
Other investing activities, net 4 2
Cash used for investing activities (83) (36)
Financing activities:    
Proceeds from long-term borrowings 0 292
Payments on short-term borrowings 0 (5)
Payments on long-term borrowings (10) (188)
Financing-related costs 0 (4)
Purchases of common stock (65) (50)
Net cash flows associated with stock-based awards (2)  
Net cash flows associated with stock-based awards   2
Other financing activities, net (1) 1
Cash used for financing activities (78) 48
Increase in cash 7 160
Effect of exchange rate changes on cash 25 (20)
Cash at beginning of period 596 703
Cash at end of period 628 843
Cash at end of period reconciliation:    
Cash and cash equivalents 625 840
Restricted cash 3 3
Cash at end of period $ 628 $ 843