v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net (loss) income $ (65) $ 36
Adjustments to reconcile net (loss) income to net cash provided by operating activities    
Depreciation and amortization 46 21
Increase in LIFO reserve 35 16
Provision for inventory 12 1
Impairment and other charges 4 0
Stock-based compensation 10 8
Deferred income taxes (16) 7
Operating lease expense 36 9
Other, net 7 1
Change in operating assets and liabilities, net of effects of acquisitions:    
Receivables (30) (45)
Inventories 30 (28)
Prepaid and other current assets (4) 10
Accounts payable 56 12
Accrued liabilities and other, net (83) (19)
Net cash provided by operating activities 38 29
Cash flows from investing activities:    
Business acquisitions, net of cash acquired (46) (8)
Purchases of property, plant and equipment (17) (10)
Other, net 2 2
Net cash used in investing activities (61) (16)
Cash flows from financing activities:    
Borrowings under the revolving credit facility 412 0
Repayments under the revolving credit facility (349) 0
Repurchases of common stock (75) (27)
Shares withheld for taxes (5) (8)
Other, net (7) (5)
Net cash used in financing activities (24) (40)
Effect of exchange rates on cash and cash equivalents (3) 3
Net change in cash and cash equivalents (50) (24)
Cash and cash equivalents, beginning of period 164 256
Cash and cash equivalents, end of period 114 232
Supplemental disclosures of cash flow information:    
Income taxes paid, net 11 4
Interest paid 14 0
Non-cash investing and financing activities:    
Accrued purchases of property, plant and equipment 8 1
Acquisition measurement period adjustment $ 8 $ 0