v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income (loss) $ (51) $ 0
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Provision for credit losses 1 1
Gain on insurance recovery (4) (24)
Depreciation and amortization 233 212
Stock-based compensation 30 40
(Gain) loss on foreign currency transactions, net (3) (16)
Deferred income tax 1 11
Other operating activities 8 15
Changes in operating assets and liabilities (excluding effects of acquisitions):    
Accounts receivable (32) (24)
Prepaid expenses, other assets, and other long-term liabilities (16) (39)
Inventories 6 12
Accounts payable and accrued liabilities and deferred revenue (45) (51)
Right-of-use assets and lease obligations 2 2
Net cash provided by operating activities 130 139
Cash flows from investing activities:    
Purchase of property, plant, and equipment (185) (151)
Proceeds from sale of assets 17 2
Proceeds from insurance recovery on impaired long-lived assets 6 17
Investments in Emergent Cold LatAm Holdings, LLC (2) (7)
Other investing activity 0 1
Net cash used in investing activities (164) (138)
Cash flows from financing activities:    
Dividends and other distributions (133) (134)
Repayments of long-term debt and finance leases (180) (25)
Borrowings on Revolving Credit Facility 679 582
Repayments on Revolving Credit Facility (325) (398)
Other financing activity (5) (4)
Net cash provided by financing activities 36 21
Impact of foreign exchange rates on cash, cash equivalents, and restricted cash (1) 0
Net increase (decrease) in cash, cash equivalents, and restricted cash 1 22
Cash, cash equivalents, and restricted cash at the beginning of the period 66 175
Cash, cash equivalents, and restricted cash at the end of the period 67 197
Supplemental disclosures of cash flow information:    
Cash paid for taxes, net of refunds 7 1
Cash paid for interest, net of capitalized interest 89 86
Noncash activities:    
Purchases of property, plant, and equipment in Accounts payable and accrued liabilities 124 78
Accrued dividends, distributions, and dividend equivalents 136 135
Assets acquired through exercise of a purchase option in a finance lease $ 0 $ 11