v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 325 $ 295
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 115 117
Distributions from unconsolidated affiliates 72 63
Equity in income of unconsolidated affiliates (77) (70)
Stock-based compensation 13 11
Deferred income taxes 42 4
Asset impairments 0 2
Amortization of operating lease assets 3 3
Other 5 4
Changes in operating assets and liabilities:    
Income taxes 55 81
Deferred revenue (31) (37)
Other assets and liabilities (10) 14
Net cash provided by operating activities 512 487
Cash flows from investing activities:    
Capital maintenance expenditures (38) (32)
Capital project expenditures (79) (133)
Other (2) (1)
Net cash used in investing activities (119) (166)
Cash flows from financing activities:    
Proceeds from borrowings under long-term debt obligations 646 642
Repayments of borrowings under long-term debt obligations (1,006) (547)
Payment of dividends (31) (30)
Repurchase of common stock 0 (341)
Taxes paid related to net share settlement of stock awards (3) (4)
Change in bank overdraft 8 (5)
Other (1) (2)
Net cash used in financing activities (387) (287)
Net increase in cash, cash equivalents and restricted cash 6 34
Cash, cash equivalents and restricted cash, beginning of period 289 252
Cash, cash equivalents and restricted cash, end of period 295 286
Supplemental disclosures of cash flow information:    
Cash paid for interest 139 145
Cash paid for income taxes 19 10
Cash received from income tax refunds 0 1
Schedule of non-cash operating, investing and financing activities:    
Property and equipment additions included in accounts payable and accrued expenses 18 28
Right-of-use assets obtained in exchange for lease obligations in operating leases 1 9
Repurchase of common stock included in accrued expense and other current liabilities $ 0 $ 2