v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income (loss) $ (7) $ (128)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Provision for credit losses 2 2
Impairment of long-lived and intangible assets 1 29
Gain on insurance recovery (40) (23)
Depreciation and amortization 436 430
(Gain) loss on extinguishment of debt, net 0 7
Amortization of deferred financing costs, discount, and above/below market debt 5 12
Stock-based compensation 69 11
(Gain) loss on foreign currency transactions, net (42) 9
Deferred income tax (9) (24)
Put Options fair value adjustment 28 0
Other operating activities 1 10
Changes in operating assets and liabilities (excluding effects of acquisitions):    
Accounts receivable (36) (18)
Prepaid expenses, other assets, and other long-term liabilities (24) (24)
Inventories 15 (3)
Accounts payable and accrued liabilities and deferred revenue (6) (37)
Right-of-use assets and lease obligations 4 7
Net cash provided by operating activities 397 260
Cash flows from investing activities:    
Acquisitions, net of cash acquired (439) (73)
Purchase of property, plant, and equipment (314) (333)
Proceeds from sale of assets 6 5
Proceeds from insurance recovery on impaired long-lived assets 38 0
Investments in Emergent Cold LatAm Holdings, LLC (7) (13)
Proceeds from repayment of notes by related parties 0 15
Other investing activity (2) 1
Net cash used in investing activities (718) (398)
Cash flows from financing activities:    
Dividends and other distributions (268) (123)
Redemption of redeemable noncontrolling interests (28) (6)
Repurchase of common shares for employee income taxes on stock-based compensation (10) 0
Financing fees (5) (44)
Proceeds from long-term debt, net of discount 495 2,481
Repayments of long-term debt and finance leases (156) (3,341)
Payment of deferred and contingent consideration liabilities (3) (16)
Borrowings on revolving line of credit 1,442 2,358
Repayments on revolving line of credit (1,238) (1,127)
Redemption of common stock 0 (25)
Other financing activity (3) (13)
Net cash provided by financing activities 226 144
Impact of foreign exchange rates on cash, cash equivalents, and restricted cash 2 (1)
Net increase (decrease) in cash, cash equivalents, and restricted cash (93) 5
Cash, cash equivalents, and restricted cash at the beginning of the period 175 71
Cash, cash equivalents, and restricted cash at the end of the period 82 76
Supplemental disclosures of cash flow information:    
Cash paid for taxes, net of refunds 15 28
Cash paid for interest, net of capitalized interest 153 319
Noncash activities:    
Purchases of property, plant, and equipment in Accounts payable and accrued liabilities 83 87
Accrued dividends, distributions, and dividend equivalents 136 11
Assets acquired through exercise of a purchase option in a finance lease $ 96 $ 0