XML 18 R6.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities    
Net income $ 327 $ 277
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 120 123
Stock-based compensation expense 17 12
Below market intangible amortization (10) (11)
Net loss on disposal of property, plant and equipment 0 2
Changes in operating assets and liabilities, net of acquisitions and dispositions:    
Accounts receivable and unbilled accounts receivable (226) 121
Inventories (29) (85)
Accounts payable 13 45
Accrued income taxes 44 46
Current and noncurrent customer deposits 31 (145)
Other accrued liabilities (13) 8
Other operating activities (83) (59)
Net cash provided by operating activities 191 334
Investing Activities    
Purchase of property, plant and equipment (44) (31)
Proceeds from disposal of property, plant and equipment 0 12
Net cash used for investing activities (44) (19)
Financing Activities    
Proceeds from debt, net of issuance costs 196 967
Payments of debt (192) (1,025)
Repurchase of stock (98) (175)
Cash dividends (43) (36)
Payment of income tax withholding on share-based compensation (34) (23)
Other financing activities (1) 3
Net cash used for financing activities (172) (289)
Effect of changes in currency exchange rates 8 (7)
(Decrease) increase in cash (17) 19
Cash, cash equivalents and restricted cash, beginning of period 715 620
Cash, cash equivalents and restricted cash, end of period $ 698 $ 639