v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities    
Net income (loss) $ 83 $ 144
Adjustments to reconcile net income (loss) to net cash provided from (used by) operating activities:    
Depreciation and amortization 58 52
Non-cash stock-based compensation 24 23
Equity in net loss (income) of non-consolidated affiliates, net of dividends remitted (4) (4)
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount 0 (8)
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Other Item 1 (4)
Changes in assets and liabilities:    
Accounts receivable (58) (3)
Inventories (63) 4
Accounts payable 86 40
Other assets and other liabilities (84) (79)
Net cash provided from operating activities 43 165
Investing Activities    
Capital expenditures, including intangibles (61) (66)
Payments to Acquire Businesses, Net of Cash Acquired (20) (50)
Payments for (Proceeds from) Hedge, Investing Activities (12) 2
Other 0 (1)
Net cash used by investing activities (93) (115)
Financing Activities    
Proceeds from (Repayments of) Debt 2 0
Payments of Ordinary Dividends, Noncontrolling Interest (9) (18)
Payments of Ordinary Dividends, Common Stock (20) 0
Share repurchase (36) (7)
Payments Related to Tax Withholding for Share-based Compensation (9) (7)
Proceeds from Stock Options Exercised 8 3
Payment for Contingent Consideration Liability, Financing Activities (7) 0
Proceeds from (Payment for) Other Financing Activity (2) 0
Investment Company, Debt Instrument, Amount Repaid to Principal, Excess (Less) (4) (9)
Net cash used by financing activities (77) (38)
Effect of exchange rate changes on cash 4 33
Net increase (decrease) in cash, equivalents, and restricted cash (123) 45
Cash, equivalents, and restricted cash at beginning of the period 773 626
Cash, equivalents, and restricted cash at end of the period $ 650 $ 671