v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:          
Net income $ 26 $ 54 $ 53 $ 145  
Adjustments to net income:          
Depreciation and amortization     77 70  
Impairment of goodwill and long-lived assets     0 17  
Stock-based compensation expense     12 12  
Deferred taxes     17 (4)  
Foreign currency remeasurement and transaction (gains) losses     6 (7)  
Other adjustments, net     1 2  
Changes in assets and liabilities (net of acquisitions and divestitures):          
Receivables     (12) (37)  
Inventories     (10) (18)  
Prepaid expenses and other current assets     1 6  
Accounts payable and accrued liabilities     (21) 4  
Income taxes payable, net of receivables     (9) 21  
Net cash provided by operating activities     102 226  
CASH FLOWS FROM INVESTING ACTIVITIES:          
Property, plant, and equipment additions     (120) (132)  
Net cash used in investing activities     (120) (132)  
CASH FLOWS FROM FINANCING ACTIVITIES:          
Payment of cash dividends     (42) (39)  
Purchase of stock     0 (61)  
Other financing activities     (5) (4)  
Net cash used in financing activities     (47) (105)  
EFFECT OF EXCHANGE RATE ON CASH, CASH EQUIVALENTS, AND RESTRICTED CASH     1 3  
Net increase (decrease) in cash, cash equivalents, and restricted cash     (63) (7)  
Cash, cash equivalents, and restricted cash at beginning of period     292 340 $ 340
Cash, cash equivalents, and restricted cash at end of period 228 $ 333 228 333 292
Cash paid for income taxes, net     9 28  
Cash paid for interest, net     7 7  
Unpaid capital expenditures $ 14   $ 14 $ 26 $ 33