v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities:    
Net income $ 356 $ 323
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 1,216 308
Impairment charges 184 0
Cash surrender value increase in excess of premiums paid (20) 0
Share-based compensation expense 79 31
Deferred income tax benefit (127) (10)
Pension and other postretirement funding more than cost (59) (4)
Other 6 (1)
Change in operating assets and liabilities, net of acquisitions and divestitures:    
Accounts receivable (434) (236)
Inventories (55) (20)
Other assets (47) (105)
Accounts payable (35) (12)
Income taxes 9 63
Accrued liabilities and other (9) 45
Net cash provided by operating activities 1,064 382
Investing activities:    
Capital expenditures (999) (385)
Cash paid for purchase of businesses, net of cash acquired (5) (28)
Proceeds from sale of property, plant and equipment 0 3
Other 8 0
Net cash used for investing activities (996) (410)
Financing activities:    
Additions to debt 498 2,812
Repayments of debt (121) (33)
Debt issuance costs (6) (29)
Changes in commercial paper, net (18) 0
Other debt repayments, net (18) (4)
Repayments of finance lease liabilities (23) (1)
Tax paid in connection with shares withheld from employees (67) 0
Purchases of treasury stock 0 (27)
Cash dividends paid to shareholders (450) (335)
Other 1 (1)
Net cash (used for) provided by financing activities (204) 2,382
Effect of exchange rate changes on cash and cash equivalents 59 (29)
(Decrease) increase in cash and cash equivalents (77) 2,325
Cash and cash equivalents at beginning of period 855 1,000
Cash and cash equivalents at end of period $ 778 $ 3,325