v3.26.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Operating Activities    
Net income $ 494 $ 620
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property, plant and equipment 141 124
Amortization of definite-lived intangible assets 152 156
Stock based compensation 37 12
Credit for deferred income tax and other tax related items (68) (61)
Net gain on sales of assets (5) (1)
Restructuring and asset related charges - net 0 20
Net periodic pension benefit cost 3 6
Periodic benefit plan contributions (5) (3)
Earnings of nonconsolidated affiliates less dividends received (39) (37)
Other net loss 29 0
Changes in assets and liabilities:    
Accounts and notes receivable (230) (97)
Inventories (107) (33)
Other assets 14 13
Accounts payable 203 81
Accrued and other current liabilities 1 (6)
Other noncurrent liabilities 36 (1)
Income tax liabilities (9) (11)
Cash provided by operating activities 647 782
Investing Activities    
Capital expenditures (290) (214)
Proceeds and adjustments to proceeds from sales of property and businesses, net of cash divested 6 0
Other investing activities, net 4 0
Cash used for investing activities (280) (214)
Financing Activities    
Repayments on long-term debt (18) 0
Proceeds from term loan facility repricing 360 0
Repayments from term loan facility repricing (360) 0
Repurchases of common stock (75) 0
Employee taxes paid for share-based payment arrangements (7) 0
Distributions to noncontrolling interests (10) (21)
Dividends paid to stockholders (50) 0
Net transfers to Parent 0 (2,311)
Proceeds from issuance of long-term debt 0 1,750
Payments for debt issuance costs (2) (34)
Cash used for financing activities (162) (616)
Effect of exchange rate changes on cash and cash equivalents 4 10
Increase (decrease) in cash and cash equivalents 209 (38)
Cash and cash equivalents at beginning of period 915 166
Cash and cash equivalents at end of period $ 1,124 $ 128