v3.26.3
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash Flows from Operating Activities:    
Net Loss $ (692) $ (1,798)
Adjustments to Reconcile Net Income (Loss) to Cash Flows from Operating Activities:    
Depreciation and Amortization 731 813
Amortization and Write-Off of Debt Issuance Costs 10 17
Provision for Deferred Income Taxes (Note 5) (10) 1,345
Net Pension Curtailments and Settlements 7 72
Net Rationalization Charges (Note 3) 281 161
Rationalization Payments (161) (275)
Net (Gain) Loss on Asset Sales (29) (700)
Operating Lease Expense 222 238
Operating Lease Payments (215) (214)
Pension Contributions and Direct Payments (34) (74)
Changes in Operating Assets and Liabilities, Net of Asset Acquisitions and Dispositions:    
Accounts Receivable (711) (605)
Inventories (159) (433)
Accounts Payable — Trade (1) (172)
Compensation and Benefits 71 56
Other Current Liabilities (154) 299
Other Assets and Liabilities 80 (120)
Total Cash Flows from Operating Activities (764) (716)
Cash Flows from Investing Activities:    
Capital Expenditures (481) (649)
Asset Dispositions 38 1,332
Other Transactions 2 (20)
Total Cash Flows from Investing Activities (441) 663
Cash Flows from Financing Activities:    
Short Term Debt and Overdrafts Incurred 450 856
Short Term Debt and Overdrafts Paid (605) (855)
Long Term Debt Incurred 8,774 13,385
Long Term Debt Paid (7,410) (13,289)
Other Transactions (38) (5)
Total Cash Flows from Financing Activities 1,171 92
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash (7) 27
Net Change in Cash, Cash Equivalents and Restricted Cash (41) 66
Cash, Cash Equivalents and Restricted Cash at Beginning of the Period 910 864
Cash, Cash Equivalents and Restricted Cash at End of the Period 869 930
Goodwill Impairment (Note 1) $ 0 $ 674