v3.26.1
CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 196 $ 149
Adjustments to reconcile net income to net cash provided by operating activities    
Deferred income taxes 10 (3)
Depreciation 49 45
Amortization of deferred issuance costs 3 3
Foreign exchange loss (gain) 17 (65)
Stock compensation expense 14 13
Pension expense 0 1
Unrealized (gain) loss on derivatives (37) 81
Other 8 4
Changes in assets and liabilities:    
Accounts, notes and other receivables (137) 8
Inventories (23) 20
Other assets 5 (7)
Accounts payable 109 (13)
Accrued liabilities 12 (44)
Other liabilities 17 22
Net cash provided by operating activities 243 214
Cash flows from investing activities:    
Expenditures for property, plant and equipment (46) (41)
Proceeds from cross-currency swap contracts 8 15
Net cash used for investing activities (38) (26)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt, net of debt financing costs 56 68
Payments of long-term debt (110) (73)
Repurchases of Common Stock (115) (52)
Excise tax on Common Stock repurchase (1) (3)
Dividend payments (31) (25)
Withholdings on shares issued under stock plan (20) 0
Payments for debt and revolving facility financing costs 0 (2)
Other (1) (2)
Net cash used for financing activities (222) (89)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (2) 8
Net (decrease) increase in cash, cash equivalents and restricted cash (19) 107
Cash, cash equivalents and restricted cash at beginning of the period 179 126
Cash, cash equivalents and restricted cash at end of the period $ 160 $ 233