v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Sep. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 27 $ 91  
Adjustments to net income:      
Depreciation and amortization 38 35  
Stock-based compensation expense 7 5  
Deferred taxes 14 0  
Foreign currency remeasurement and transaction (gains) losses 4 (1)  
Other adjustments, net (5) (1)  
Receivables (17) (36)  
Inventories (51) (37)  
Prepaid expenses and other current assets 3 0  
Accounts payable and accrued liabilities (33) (4)  
Income taxes payable, net of receivables (16) 11  
Net cash (used in) provided by operating activities (38) 64  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Property, plant, and equipment additions (61) (64)  
Net cash used in investing activities (61) (64)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Payment of cash dividends (21) (20)  
Purchase of stock 0 (61)  
Other financing activities (8) (7)  
Net cash used in financing activities (29) (87)  
EFFECT OF EXCHANGE RATE ON CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 1 3  
Net increase (decrease) in cash, cash equivalents, and restricted cash (128) (84)  
Cash, cash equivalents, and restricted cash at beginning of period 292 340 $ 340
Cash, cash equivalents, and restricted cash at end of period 164 256  
Cash paid for income taxes, net 11 15  
Cash paid for interest, net 7 7  
Unpaid capital expenditures $ 17 $ 12 $ 33