v3.26.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 76 $ 154
Adjustments to net income:    
Depreciation and amortization 115 106
Impairment of goodwill and long-lived assets 0 31
Stock-based compensation expense 18 24
Deferred taxes 14 16
Foreign currency remeasurement and transaction (gains) losses 11 (8)
Other adjustments, net 1 12
Changes in assets and liabilities (net of acquisitions and divestitures):    
Receivables (29) (26)
Inventories 28 (12)
Prepaid expenses and other current assets (5) (3)
Accounts payable and accrued liabilities 7 0
Income taxes payable, net of receivables 0 6
Net cash provided by operating activities 214 315
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property, plant, and equipment additions (176) (216)
Proceeds from sale of assets 1 0
Net cash used in investing activities (175) (216)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payment of cash dividends (63) (58)
Purchase of stock 0 (61)
Other financing activities (4) (5)
Net cash used in financing activities (67) (124)
EFFECT OF EXCHANGE RATE ON CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 1 1
Net decrease in cash, cash equivalents, and restricted cash (27) (23)
Cash, cash equivalents, and restricted cash at beginning of period 292 340
Cash, cash equivalents, and restricted cash at end of period 265 316
Supplemental cash flow information:    
Cash paid for income taxes, net 10 31
Cash paid for interest, net 14 14
Unpaid capital expenditures $ 26 $ 22