v3.26.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities    
Net income (loss) $ 132 $ (938)
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation and amortization 860 881
Stock-based compensation expense 32 30
Loss from disposition and write-off of assets, net, and accelerated depreciation and amortization 57 30
Impairment of goodwill 0 727
Deferred income taxes (105) 40
Other losses, net 11 16
Changes in operating assets and liabilities, net of effect of business acquisitions    
Accounts receivable (190) (245)
Inventories (122) (13)
Prepaid expenses and other current assets (33) (17)
Accounts payable 86 (19)
Accrued and other liabilities (4) (29)
Other, net (105) (223)
Net cash provided by operating activities 619 240
Cash flows from investing activities    
Acquisitions of businesses, net of cash acquired (171) 0
Additions to investments in unconsolidated subsidiaries (26) (23)
Additions to property, plant and equipment (591) (754)
Payments for settlement of foreign currency swap agreements (175) 0
Proceeds from settlement of foreign currency swap agreements 182 0
Proceeds from maturities and paydown of available-for-sale securities 131 0
Purchase of available-for-sale securities (137) (198)
Other, net 8 7
Net cash used for investing activities (779) (968)
Cash flows from financing activities    
Distributions to noncontrolling interests (32) (33)
Dividends paid (205) (204)
Repayment of senior notes (496) 0
Repurchase of common stock for treasury (30) (30)
Other, net (26) (18)
Net cash used for financing activities (789) (285)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (10) 21
Net decrease in cash, cash equivalents and restricted cash (959) (992)
Cash, cash equivalents and restricted cash at beginning of period 2,740 2,935
Cash, cash equivalents and restricted cash at end of period $ 1,781 $ 1,943