v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities:    
Net income $ 180 $ 209
Adjustment to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 152 144
Amortization of deferred financing costs and original issue discount 4 4
Deferred income taxes 25 11
Realized and unrealized foreign exchange (gains) losses, net (5) 29
Stock-based compensation 15 13
Interest income on swaps designated as net investment hedges (6) (7)
Other non-cash, net 3 6
Changes in operating assets and liabilities:    
Trade accounts and notes receivable (109) (47)
Inventories (53) (56)
Prepaid expenses and other assets (58) (89)
Accounts payable 139 65
Other accrued liabilities (40) (111)
Other liabilities (27) (3)
Cash provided by operating activities 220 168
Investing activities:    
Acquisitions, net of cash acquired (8) (6)
Purchase of property, plant and equipment (98) (88)
Interest proceeds on swaps designated as net investment hedges 6 7
Proceeds received on loans to customers 5 4
Other investing activities, net (2) 0
Cash used for investing activities (97) (83)
Financing activities:    
Payments on long-term borrowings (135) (10)
Purchases of common stock 0 (65)
Net cash flows associated with stock-based awards (6) (2)
Other financing activities, net (2) (1)
Cash used for financing activities (143) (78)
(Decrease) increase in cash (20) 7
Effect of exchange rate changes on cash (4) 25
Cash at beginning of period 660 596
Cash at end of period 636 628
Cash at end of period reconciliation:    
Cash and cash equivalents 633 625
Restricted cash 3 3
Cash at end of period $ 636 $ 628