v3.25.3
CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 226 $ 182
Adjustments to reconcile net income to net cash provided by operating activities    
Deferred income taxes (8) 16
Depreciation 70 67
Amortization of deferred issuance costs 5 35
Gain on sale of equity investment 0 (27)
Foreign exchange gain (66) (10)
Stock compensation expense 19 17
Pension expense 1 1
Unrealized loss on derivatives 75 39
Other 10 2
Changes in assets and liabilities:    
Accounts, notes and other receivables 4 110
Inventories (17) (10)
Other assets (14) 2
Accounts payable (2) (154)
Accrued liabilities (10) 8
Other liabilities 21 (1)
Net cash provided by operating activities 314 277
Cash flows from investing activities:    
Expenditures for property, plant and equipment (51) (69)
Proceeds from cross-currency swap contracts 21 24
Proceeds from sale of equity investment 3 46
Net cash (used for) provided by investing activities (27) 1
Cash flows from financing activities:    
Proceeds from issuance of long-term debt, net of debt financing costs 80 794
Payments of long-term debt (87) (991)
Repurchases of Common Stock (136) (226)
Excise tax on Common Stock repurchase (3) 0
Dividend payments (36) 0
Payments for debt and revolving facility financing costs (2) (7)
Other (3) (9)
Net cash used for financing activities (187) (439)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 6 (2)
Net increase (decrease) in cash, cash equivalents and restricted cash 106 (163)
Cash, cash equivalents and restricted cash at beginning of the period 126 260
Cash, cash equivalents and restricted cash at end of the period 232 97
Supplemental cash flow disclosure:    
Income taxes paid (net of refunds) 50 43
Interest paid $ 57 $ 49