v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities:    
Net loss $ (277) $ (196)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation, depletion and amortization 151 145
Deferred income taxes 106 7
Share-based compensation expense 11 9
Amortization of deferred debt issuance costs and discount on debt 6 5
Restructuring and other charges 18 128
Other non-cash items affecting net loss 9 29
Changes in assets and liabilities:    
Increase in accounts receivable, net of allowance for credit losses (74) (19)
Decrease (increase) in inventories, net 191 (76)
Decrease in prepaid and other assets 21 29
Restructuring payments (29) (27)
Decrease in accounts payable and accrued liabilities (84) (23)
Net changes in income tax payables and receivables 0 (5)
Changes in other non-current assets and liabilities (12) (10)
Cash provided by (used in) operating activities 37 (4)
Cash Flows from Investing Activities:    
Capital expenditures (112) (193)
Loans 0 15
Proceeds from dispositions and asset sales 15 2
Cash used in investing activities (97) (176)
Cash Flows from Financing Activities:    
Repayments of short-term debt (99) (11)
Repayments of long-term debt (16) (14)
Repayments of inventory financing arrangement (50) 0
Proceeds from inventory financing arrangement 50 0
Proceeds from sale and leaseback transaction 75 0
Proceeds from short-term debt 116 203
Debt issuance costs (2) (1)
Sale and leaseback transaction costs (1) 0
Dividends paid (16) (20)
Restricted stock and performance-based shares settled in cash for withholding taxes 0 (1)
Cash provided by financing activities 57 156
Effects of exchange rate changes on cash and cash equivalents and restricted cash (2) 5
Net decrease in cash and cash equivalents and restricted cash (5) (19)
Cash and cash equivalents and restricted cash at beginning of period 211 152
Cash and cash equivalents and restricted cash at end of period 206 133
Supplemental cash flow information:    
Interest paid, net 98 78
Income taxes paid $ 1 $ 5