v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities    
Net income $ 298 $ 397
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 93 81
Amortization of definite-lived intangible assets 102 105
Stock based compensation 25 8
Credit for deferred income tax and other tax related items (30) (29)
Net gain on sales of assets (5) 0
Restructuring and asset related charges - net 0 19
Net periodic pension benefit cost 2 3
Periodic benefit plan contributions (3) (2)
Earnings of nonconsolidated affiliates less dividends received (24) (22)
Other net loss 14 0
Changes in assets and liabilities:    
Accounts and notes receivable (152) (28)
Inventories (77) (41)
Other assets (13) (4)
Accounts payable 134 48
Accrued and other current liabilities (10) (28)
Other noncurrent liabilities 44 16
Income tax liabilities (22) (43)
Cash provided by operating activities 376 480
Investing Activities    
Capital expenditures (212) (153)
Proceeds and adjustments to proceeds from sales of property and businesses, net of cash divested 6 0
Other investing activities, net 1 0
Cash used for investing activities (205) (153)
Financing Activities    
Repayments on long-term debt (12) 0
Repurchases of common stock (50) 0
Employee taxes paid for share-based payment arrangements (7) 0
Distributions to noncontrolling interests (6) (8)
Dividends paid to stockholders (34) 0
Net transfers to Parent 0 (322)
Cash used for financing activities (109) (330)
Effect of exchange rate changes on cash and cash equivalents (16) 16
Increase in cash and cash equivalents 46 13
Cash and cash equivalents at beginning of period 915 166
Cash and cash equivalents at end of period $ 961 $ 179