v3.25.4
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities:      
Net income $ 1,182 $ 1,273 $ 955
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion, accretion and amortization 914 889 851
Loss on impairments 15 2 15
Share-based compensation 14 6 5
Gain on disposal of long-lived assets (15) (40) (32)
Gain on land expropriation 0 (31) 0
Deferred tax expense (benefit) 78 (35) 11
Net periodic benefit cost 12 71 43
Other items, net 134 109 71
Changes in operating assets and liabilities, net of effects of acquisitions:      
Accounts receivable, net (43) 211 (83)
Due from related party 49 (22) 1
Inventories (61) (146) (7)
Accounts payable 190 28 60
Due to related party (82) (7) 28
Other assets 45 (19) 8
Other liabilities (199) 48 142
Defined benefit pension plans and other postretirement benefit plans (25) (55) (32)
Net cash provided by operating activities 2,208 2,282 2,036
Cash Flows from Investing Activities:      
Purchases of property, plant and equipment (788) (642) (630)
Acquisitions, net of cash acquired (86) (249) (1,607)
Proceeds from disposals of long-lived assets 21 61 49
Proceeds from land expropriation 20 32 0
Proceeds from property and casualty insurance 2 0 0
Net decrease (increase) in short-term related-party notes receivable from cash pooling program 522 (383) 187
Other investing activities, net (52) (27) (24)
Net cash used in investing activities (361) (1,208) (2,025)
Cash Flows from Financing Activities:      
Transfers to Holcim, net (91) (304) (20)
Proceeds from issuance of long-term debt, net of discount 3,395 0 0
Payments of debt issuance costs (24) 0 0
Net repayments of short-term related-party debt (129) (101) (328)
Proceeds from debt-for-debt exchange with Holcim 922 0 0
Proceeds from issuances of long-term related-party debt 22 230 1,465
Repayments of long-term related-party debt (5,541) (272) 0
Repayments of long-term third-party debt 0 0 (335)
Payments of finance lease obligations (106) (82) (55)
Other financing activities, net (3) (8) 7
Net cash (used in) provided by financing activities (1,555) (537) 734
Effect of exchange rate changes on cash and cash equivalents 45 (59) 11
Increase in cash and cash equivalents 337 478 756
Cash and cash equivalents at the beginning of year 1,585 1,107 351
Cash and cash equivalents at the end of year $ 1,922 $ 1,585 $ 1,107