v3.26.1
INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES    
Net income $ 271 $ 439
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 618 687
Share-based compensation 128 94
Gain on acquisition of joint venture interest 0 (31)
Finance income (69) (78)
Finance expense 45 47
Deferred income taxes, net 85 (84)
Gain on disposal of property, plant and equipment (14) (71)
Other operating activities (23) 7
Change in assets and liabilities, net of acquisitions:    
Receivables, prepayments and other assets 115 (96)
Inventories (45) (89)
Trade and other payables (181) (95)
Net change in working capital (111) (280)
Interest received 63 66
Interest paid (29) (28)
Income taxes paid (17) (6)
Net cash provided by operating activities 947 762
INVESTING ACTIVITIES    
Purchases of property, plant and equipment and intangible assets (723) (325)
Acquisitions, net of cash acquired (440) (19)
Proceeds from sale of property, plant and equipment and intangible assets 15 74
Purchases of equity securities (5) (68)
Purchases of marketable securities (978) (785)
Proceeds from sale of marketable securities 292 75
Proceeds from maturities of marketable securities 644 626
Other investing activities 25 4
Net cash used in investing activities (1,170) (418)
FINANCING ACTIVITIES    
Net proceeds from borrowings 0 14
Purchase of treasury stock (400) 0
Repayments of debt and lease obligations (65) (783)
Proceeds from issuance of equity instruments, net of taxes paid (33) 17
Net cash used in financing activities (498) (752)
Effect of exchange rate changes on cash and cash equivalents (1) 6
Net increase (decrease) in cash and cash equivalents (722) (402)
Cash and cash equivalents at the beginning of the period 1,809 2,192
Cash and cash equivalents at the end of the period $ 1,087 $ 1,790