v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation [Abstract]    
Net income $ 463 $ 162
Adjustments    
Depreciation and amortization 249 244
Impairment of assets 3 0
Pension and other long-term benefits 10 7
Finance costs - net 83 83
Income tax expense 183 82
Unrealized (gains) /losses on derivatives - net and from remeasurement of monetary assets and liabilities - net 55 (38)
Losses on disposal 1 1
Other - net 48 36
Changes in working capital    
Inventories (527) (109)
Trade receivables (267) (280)
Trade payables 310 221
Other (4) 7
Change in provisions (15) (1)
Pension and other long-term benefits paid (40) (44)
Interest paid (79) (83)
Income tax paid (53) (17)
Net cash flows from operating activities 420 271
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation [Abstract]    
Purchases of property, plant and equipment (210) (221)
Property, plant and equipment inflows 13 18
Collection of deferred purchase price receivable 0 2
Proceeds from disposals, net of cash 2 0
Other investing activities 0 1
Net cash flows used in investing activities (195) (200)
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation [Abstract]    
Repurchase of ordinary shares (78) (75)
Repayments of long-term debt (106) (5)
Net change in revolving credit facilities and short-term debt 6 17
Finance lease repayments (6) (5)
Transactions with non-controlling interests (9) (7)
Other financing activities 9 (28)
Net cash flows used in financing activities (184) (103)
Net (decrease) / increase in cash and cash equivalents 41 (32)
Cash and cash equivalents - beginning of period 120 141
Net (decrease) / increase in cash and cash equivalents 41 (32)
Effect of exchange rate changes on cash and cash equivalents (3) 13
Cash and cash equivalents - end of period $ 158 $ 122