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Cash Flow Information | 12 Months Ended
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Dec. 31, 2024
Supplemental Cash Flow Information [Abstract] |
Cash Flow Information | Cash Flow Information Cash paid for interest and income taxes was as follows:
| 2024 |  | 2023 |  | 2022
Interest, net of amounts capitalized | $ | 180 |  |  | $ | 221 |  |  | $ | 224 |
Income taxes, net of amounts refunded | $ | 177 |  |  | $ | 104 |  |  | $ | 50 |
The Company incurred capital expenditures which remain unpaid at December 31, 2024, 2023, and 2022 of $97, $72, and $55, respectively, and will result in cash outflows within investing activities in the Statement of Consolidated Cash Flows in subsequent periods. In September 2022, the FASB issued guidance to enhance the transparency of disclosures regarding supplier finance programs. These changes became effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, except for the amendment on rollforward information, which is effective for fiscal years beginning after December 15, 2023. On January 1, 2023, the Company adopted the changes issued by the FASB related to disclosure requirements of supplier finance program obligations. We offer voluntary supplier finance programs to suppliers who may elect to sell their receivables to third parties at the sole discretion of both the supplier and the third parties. The program is at no cost to the Company and provides additional liquidity to our suppliers, if they desire, at their cost. Under these programs, the Company pays the third party bank, rather than the supplier, the stated amount of the confirmed invoices on the original maturity date of the invoices. The Company or the third party bank may terminate a program upon at least 30 days’ notice. Supplier invoices under the program require payment in full no more than approximately 120 days of the invoice date. As of December 31, 2024 and 2023, supplier invoices that are subject to future payment under these programs were $268 and $258, respectively, and are included in Accounts payable, trade in the Consolidated Balance Sheet. The rollforward of the Company’s outstanding obligations confirmed as valid under its supplier financing program for the year ended December 31, 2024 is as follows:
Confirmed obligations outstanding at December 31, 2023 | $ | 258 |
Invoices confirmed during the year | 877 |
Confirmed invoices paid during the year | (867) |
Confirmed obligations outstanding at December 31, 2024 | $ | 268 |

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- Definition The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 230 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/230/tableOfContent + Details
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- References No definition available. + Details
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