v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net income $ 168 $ 166
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation and amortization 91 82
Gain on divestiture 0 (25)
Stock-based compensation 21 6
Losses on foreign exchange transactions 5 6
Deferred income taxes 1 (10)
Other, net 11 12
Changes in assets and liabilities, excluding the effects of acquisitions and divestitures:    
Accounts receivable (26) (33)
Contract and other assets (48) (26)
Accounts payable (27) (20)
Accrued expenses (38) (74)
Pension and postretirement benefit plans (5) (3)
Contract and other liabilities 148 163
Net cash flows provided by operating activities 301 244
Investing activities    
Capital expenditures (93) (113)
Acquisitions, net of cash acquired (1) (10)
Proceeds from divestiture 0 30
Purchases of investments (14) 0
Sales of investments 1 0
Net cash flows used in investing activities (107) (93)
Financing activities    
Proceeds from long-term debt 150 20
Repayments of long-term debt (285) (115)
Dividends to stockholders of UL Solutions (52) (50)
Dividends to non-controlling interest (17) (15)
Employee taxes paid on settlement of stock-based compensation (13) 0
Other financing activities, net (4) 1
Net cash flows used in financing activities (221) (159)
Effect of exchange rate changes on cash and cash equivalents 1 (12)
Net decrease in cash and cash equivalents (26) (20)
Cash and cash equivalents    
Beginning of period 298 315
End of period 272 295
Supplemental disclosures of cash flow information    
Cash paid during the period for interest 22 29
Cash paid during the period for income taxes 40 29
Cash paid during the period for stock-based compensation 2 18
Noncash investing and financing activities    
Capital expenditures funded by liabilities 23 30
Conversion of stock-based compensation awards to equity $ 25 $ 26