v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating Activities    
Net income $ 162 $ 199
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 46 39
Amortization of definite-lived intangible assets 52 55
Stock based compensation 10 4
Credit for deferred income tax and other tax related items (1) (9)
Restructuring and asset related charges - net (1) 17
Net periodic pension benefit cost 1 1
Periodic benefit plan contributions (1) (1)
Earnings of nonconsolidated affiliates less dividends received (13) (9)
Other net loss 9 0
Changes in assets and liabilities:    
Accounts and notes receivable (51) (4)
Inventories (42) (35)
Other assets (11) 1
Accounts payable 72 41
Accrued and other current liabilities (120) (67)
Other noncurrent liabilities 15 3
Income tax liabilities 8 (28)
Cash provided by operating activities 135 207
Investing Activities    
Capital expenditures (122) (104)
Other investing activities, net (1) 0
Cash used for investing activities (123) (104)
Financing Activities    
Repayments on long-term debt (6) 0
Repurchases of common stock (25) 0
Employee taxes paid for share-based payment arrangements (5) 0
Distributions to noncontrolling interests (6) (5)
Dividends paid to stockholders (17) 0
Net transfers to Parent 0 (104)
Cash used for financing activities (59) (109)
Effect of exchange rate changes on cash and cash equivalents (11) 2
Decrease in cash and cash equivalents (58) (4)
Cash and cash equivalents at beginning of period 915 166
Cash and cash equivalents at end of period $ 857 $ 162