v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows from Operating Activities:    
Net loss $ (118) $ (87)
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation, depletion, accretion and amortization 236 218
Share-based compensation 9 1
Gain on disposal of long-lived assets (5) (1)
Deferred tax benefit (17) 0
Net periodic benefit cost 3 3
Other items, net 26 27
Changes in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable, net (223) (310)
Due from related party 0 13
Inventories, net 16 (121)
Accounts payable (521) (198)
Due to related party 0 78
Other assets (159) (44)
Other liabilities (136) (429)
Defined benefit pension plans and other postretirement benefit plans (7) (6)
Net cash used in operating activities (896) (856)
Cash Flows from Investing Activities:    
Purchases of property, plant and equipment (272) (211)
Acquisitions, net of cash acquired (425) (9)
Proceeds from disposals of long-lived assets 5 2
Net decrease in short-term related-party notes receivable from cash pooling program 0 173
Other investing activities, net 33 (15)
Net cash used in investing activities (659) (60)
Cash Flows from Financing Activities:    
Transfers to Holcim, net 0 (89)
Proceeds from short-term borrowings, net 777 0
Net repayments of short-term related-party debt 0 (7)
Proceeds from issuances of long-term related-party debt 0 22
Payments of finance lease obligations (31) (22)
Shares withheld for employees’ income tax obligations (3) 0
Other financing activities, net 0 (1)
Net cash provided by (used in) financing activities 743 (97)
Effect of exchange rate changes on cash and cash equivalents (11) 2
Increase (decrease) in cash and cash equivalents (823) (1,011)
Cash and cash equivalents at the beginning of period 1,922 1,585
Cash and cash equivalents at the end of period $ 1,099 $ 574