v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 9 $ 36
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 154 164
Deferred income taxes 23 14
Stock based compensation expense 33 33
Loss on extinguishment and modification of debt 13 1
Other, net (9) (3)
Changes in operating accounts:    
Accounts receivable (148) 84
Inventories (59) (139)
Accounts payable (39) 80
Accrued liabilities and other, net (248) (206)
Net cash provided by (used in) operating activities (271) 64
Cash flows from investing activities:    
Capital expenditures (118) (112)
Proceeds from settlement of swaps 15 17
Other investing activities, net 11 11
Net cash used in investing activities (92) (84)
Cash flows from financing activities:    
Proceeds from (payments on) short-term debt, net 455 (52)
Proceeds from short-term debt with original maturities greater than 90 days 0 431
Payments on short-term debt with original maturities greater than 90 days 0 (225)
Payments on current portion of long-term debt (1,235) 0
Net proceeds from issuance of long-term debt 1,235 0
Debt extinguishment and modification costs (9) (5)
Cash dividends (60) (60)
Equity compensation activity and other, net (4) (11)
Net cash provided by financing activities 382 78
Exchange rate effect on cash, cash equivalents and restricted cash 4 (14)
Increase in cash, cash equivalents and restricted cash 23 44
Cash, cash equivalents and restricted cash at beginning of period 219 361
Cash, cash equivalents and restricted cash at end of period 242 405
Supplemental disclosures:    
Restricted cash at beginning of period 21 29
Restricted cash at end of period $ 23 $ 23