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 loss $ (333) $ (296)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation, depletion and amortization 227 220
Deferred income taxes 109 14
Share-based compensation expense 17 14
Amortization of deferred debt issuance costs and discount on debt 9 7
Restructuring and other charges 18 153
Other non-cash items affecting net loss 23 43
Changes in assets and liabilities:    
Increase in accounts receivable, net of allowance for credit losses (59) (24)
Decrease (increase) in inventories, net 214 (73)
Decrease in prepaid and other assets 0 39
Restructuring payments (35) (57)
Decrease in accounts payable and accrued liabilities (73) (70)
Net changes in income tax payables and receivables 1 (2)
Changes in other non-current assets and liabilities (19) (29)
Cash provided by (used in) operating activities 99 (61)
Cash Flows from Investing Activities:    
Capital expenditures (169) (273)
Loans 0 15
Proceeds from dispositions and asset sales 15 3
Cash used in investing activities (154) (255)
Cash Flows from Financing Activities:    
Repayments of short-term debt (102) (136)
Repayments of sale and leaseback transactions (2) 0
Repayments of long-term debt (23) (21)
Repayments of inventory financing arrangement (100) 0
Proceeds from inventory financing arrangement 99 50
Proceeds from long-term debt 0 400
Proceeds from sale and leaseback transaction 75 0
Proceeds from short-term debt 80 100
Debt issuance costs (2) (7)
Sale and leaseback transaction costs (1) 0
Dividends paid (24) (40)
Restricted stock and performance-based shares settled in cash for withholding taxes 0 (1)
Cash provided by financing activities 0 345
Effects of exchange rate changes on cash and cash equivalents and restricted cash (2) 5
Net (decrease) increase in cash and cash equivalents and restricted cash (57) 34
Cash and cash equivalents and restricted cash at beginning of period 211 152
Cash and cash equivalents and restricted cash at end of period 154 186
Supplemental cash flow information:    
Interest paid, net 170 133
Income taxes paid $ 3 $ 4