v3.26.1
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities    
Net income $ 21 $ 93
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 163 79
Deferred taxes (39) (9)
Stock-based compensation expense 51 18
Inventory and other non-cash charges 95 9
Changes in operating assets and liabilities (net of effects of acquisitions and divestitures):    
Receivables (264) (236)
Inventories (42) (59)
Trade accounts payable 157 184
Other assets and liabilities (46) 0
Foreign exchange and other operating activities, net 1 2
Net cash provided by operating activities 97 81
Investing Activities    
Capital expenditures (59) (60)
Acquisitions, net of cash acquired, and investments (467) 0
Other investing activities, net 38 22
Net cash used in investing activities (488) (38)
Financing Activities    
Repayments of debt (168) (84)
Proceeds from issuance of debt 270 87
Share repurchases (3) (55)
Dividends paid (39) (22)
Other financing activities, net (30) (10)
Net cash provided by (used in) financing activities 30 (84)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (4) 27
Net Decrease in Cash and Cash Equivalents (365) (14)
Cash and Cash Equivalents at Beginning of Period 772 388
Cash and Cash Equivalents at End of Period $ 407 $ 374