v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net income $ 54 $ 160 $ 145 $ 267  
Adjustments to net income:          
Depreciation and amortization 36 31 70 62  
Loss on impairment     17 0  
Employee Benefits and Share-Based Compensation     12 11  
Deferred taxes     (4) 4  
Other adjustments, net     2 (16)  
Receivables     (37) (33)  
Foreign currency remeasurement and transaction loss (gain)     (7) 5  
Inventories     (18) 1  
Prepaid expenses and other current assets     6 (11)  
Accounts payable and accrued liabilities     4 16  
Income taxes payable, net of receivables     21 21  
Net cash provided by operating activities     226 317  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Property, plant, and equipment additions     (132) (77)  
Other investing activities, net     0 (16)  
Net cash used in investing activities     (132) (61)  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Payment of cash dividend     (39) (37)  
Repurchase of common stock     (61) (115)  
Other financing activities     (4) (5)  
Net cash used in financing activities     (105) (157)  
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents     3 (3)  
Net increase (decrease) in cash, cash equivalents, and restricted cash     (7) 95  
Cash, cash equivalents and restricted cash at beginning of period     340 222 $ 222
Cash, cash equivalents and restricted cash at end of period 333 $ 317 333 317 340
Cash paid for income taxes, net     28 69  
Cash paid for interest, net     7 7  
Unpaid capital expenditures $ 26   $ 26 $ 10 $ 32