v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) (Statement) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net Cash Provided by (Used in) Operating Activities [Abstract]        
Net income $ 36 $ 77 $ 74 $ 99
Adjustments        
Depreciation and amortization 82 76 160 151
Impairment of assets 0 5 0 8
Pension and other long-term benefits 2 2 4 4
Finance costs - net 29 25 56 52
Income tax expense 20 27 44 35
Unrealized gains on derivatives - net and from remeasurement of monetary assets and liabilities - net (35) (4) (24) (1)
Losses on disposal 1 0 1 1
Other - net 11 13 22 26
Changes in working capital        
Inventories 4 (43) (65) (27)
Trade receivables 12 (68) (261) (241)
Trade payables (38) 64 241 164
Other 23 12 5 (4)
Change in provisions (1) 0 (2) (2)
Pension and other long-term benefits paid (12) (12) (25) (22)
Interest paid (24) (20) (53) (46)
Income tax paid 4 (16) (5) (22)
Net cash flows from operating activities 114 138 172 175
Net Cash Provided by (Used in) Investing Activities [Abstract]        
Purchases of property, plant and equipment (77) (84) (146) (158)
Property, plant and equipment inflows 4 0 12 7
Collection of deferred purchase price receivable 0 23 2 40
Other investing activities 1 0 1 0
Net cash flows used in investing activities (72) (61) (131) (111)
Net Cash Provided by (Used in) Financing Activities [Abstract]        
Repurchase of ordinary shares (35) (32) (50) (39)
Repayments of long-term debt (2) (3) (3) (5)
Net change in revolving credit facilities and short-term debt 23 (1) 28 0
Finance lease repayments (1) (3) (3) (5)
Transactions with non-controlling interests (2) (2) (4) (3)
Other financing activities (19) 0 (30) 1
Net cash flows used in financing activities (36) (41) (62) (51)
Net increase / (decrease) in cash and cash equivalents 6 36 (21) 13
Cash and cash equivalents - beginning of period 118 194 141 223
Net increase / (decrease) in cash and cash equivalents 6 36 (21) 13
Effect of exchange rate changes on cash and cash equivalents 9 (2) 13 (8)
Cash and cash equivalents - end of period $ 133 $ 228 $ 133 $ 228