v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
NET CASH FLOW PROVIDED BY OPERATING ACTIVITIES    
NET LOSS $ (104) $ (93)
Adjustments to reconcile net losses to cash used for operating activities:    
Gain/(Loss) on discontinued operations 182 362
Depreciation and amortization 174 159
Deferred income taxes 6 16
Stock-based compensation expense 18 21
Gains on sale of certain precious metals (12) (9)
Other adjustments to reconcile net earnings to cash from operating activities 0 (21)
Changes in other operating assets and liabilities (404) (481)
Pension fund contribution (2) (1)
Payments for other employee benefits liabilities (4) (3)
Other (8) 1
Net cash flow used for operating activities (154) (49)
NET CASH FLOW USED FOR INVESTING ACTIVITIES    
Cash paid for property, plant and equipment 233 203
Proceeds from sale of assets or affiliates 43 52
Other 0 8
Net cash flow used for investing activities (190) (159)
NET CASH FLOW PROVIDED BY FINANCING ACTIVITIES    
Proceeds from senior revolving credit and receivables securitization facilities 0 329
Payments on senior revolving credit and receivables securitization facilities 0 (329)
Net proceeds from commercial paper 330 501
Payments on long-term debt 0 (29)
Dividends paid (63) (59)
Purchases of treasury stock (22) (136)
Finance lease payments (13) (11)
Other 3 (2)
Net cash flow provided by financing activities 235 264
Effect of exchange rate changes on cash (5) 23
Net (decrease) increase in cash, cash equivalents and restricted cash (114) 79
Cash, cash equivalents and restricted cash at beginning of period 407 369
Cash, cash equivalents and restricted cash at end of period $ 293 $ 448