v3.26.3
CONDENSED 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 $ 309 $ 321
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 166 165
Amortization 1 1
Amortization of deferred debt issuance costs 4 0
Restructuring expense, net of cash paid 20 21
Deferred income taxes 9 20
Pension and other postretirement benefit expenses 30 10
Income from equity method investments, net of dividends received (7) 0
Loss on sale of assets 1 3
Share-based compensation 28 24
Changes in operating assets and liabilities:    
Accounts receivable, net (358) (268)
Inventories (49) (86)
Other assets (45) (16)
Accounts payable 253 147
Accrued and other long-term liabilities 125 64
Other, net (52) 9
Pension contributions (16) (2)
Net cash provided by operating activities 419 413
Cash flows from investing activities:    
Capital expenditures (172) (123)
Net cash used in investing activities (172) (123)
Cash flows from financing activities:    
Net repayments under short-term debt agreements (17) (145)
Net repayments under long-term debt agreements 0 (1)
Proceeds from issuance of senior notes and credit agreement, net of issuance costs 2,063 0
Cash distribution paid to Former Parent (1,894) 0
Net transfers to Former Parent (20) (119)
Dividend payments of consolidated affiliates to minority shareholders (4) (6)
Distribution of ordinary share cash dividends (9) 0
Taxes withheld and paid on employees' restricted share awards (2) 0
Net cash provided by (used in) financing activities 117 (271)
Effect of exchange rate fluctuations on cash and cash equivalents (2) 14
Increase in cash and cash equivalents 362 33
Cash and cash equivalents at beginning of the period 276 201
Cash and cash equivalents at end of the period 638 234
Supplemental non-cash investing activities:    
Capital expenditures included in accounts payable $ 61 $ 32