XML 14 R6.htm IDEA: XBRL DOCUMENT v3.26.1
INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
OPERATING ACTIVITIES    
Net income $ 104 $ 211
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 311 352
Share-based compensation 60 42
Gain on acquisition of joint venture interest 0 (31)
Finance income (37) (39)
Finance expense 22 25
Deferred income taxes, net 67 (64)
Gain on disposal of property, plant and equipment (9) (32)
Other operating activities (2) (12)
Change in assets and liabilities, net of acquisitions:    
Receivables, prepayments and other assets 215 0
Inventories (109) (177)
Trade and other payables (102) 33
Net change in working capital 4 (144)
Interest received 34 32
Interest paid (8) (8)
Income taxes paid (4) (1)
Net cash provided by operating activities 542 331
INVESTING ACTIVITIES    
Purchases of property, plant and equipment and intangible assets (312) (166)
Purchases of marketable securities (390) (397)
Proceeds from sale of marketable securities 267 50
Proceeds from maturities of marketable securities 375 286
Acquisitions, net of cash acquired 0 (19)
Other investing activities 9 35
Net cash used in investing activities (51) (211)
FINANCING ACTIVITIES    
Purchase of treasury stock (400) 0
Repayments of debt and lease obligations (20) (733)
Proceeds from issuance of equity instruments, net of taxes paid (30) 16
Net cash used in financing activities (450) (717)
Effect of exchange rate changes on cash and cash equivalents (1) 1
Net increase (decrease) in cash and cash equivalents 40 (596)
Cash and cash equivalents at the beginning of the period 1,809 2,192
Cash and cash equivalents at the end of the period $ 1,849 $ 1,596