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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 293 $ 46
Adjustments to reconcile to net cash provided by operating activities    
Depreciation and amortization 772 855
Deferred income taxes (128) (59)
Loss on assets classified as held for sale 314 0
Gains on sale of assets (11) (1)
(Gains) Losses on business disposals (348) 29
Stock-based compensation 59 50
Pension contributions (17) (25)
Inventory write-down 0 62
Changes in assets and liabilities:    
Trade receivables (276) (78)
Inventories (3) 489
Accounts payable (34) (240)
Accruals for incentive compensation 119 (40)
Other current payables and accrued expenses 65 (216)
Other assets/liabilities, net (167) (77)
Net cash provided by operating activities 702 795
Cash flows from investing activities:    
Additions to property, plant and equipment (303) (390)
Additions to intangible assets 5 0
Proceeds from sale of assets 18 22
Net proceeds received from business disposals 876 1,006
Net cash provided by investing activities 586 638
Cash flows from financing activities:    
Cash dividends paid to shareholders (411) (619)
Decrease in revolving credit facility and short-term borrowings 0 (100)
Net borrowings of commercial paper (maturities less than three months) 0 (187)
Principal payments of debt (974) (355)
Deferred and contingent consideration paid (36) (6)
Withholding tax paid on stock-based compensation (15) (12)
Proceeds from (Payments for) Other Financing Activities (8) (14)
Net cash used in financing activities (1,444) (1,293)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (10) (30)
Net change in cash, cash equivalents and restricted cash (166) 110
Cash, cash equivalents and restricted cash at beginning of year 735 552
Cash, cash equivalents and restricted cash at end of period 569 662
Cash, cash equivalents and restricted cash at beginning of year 709  
Cash, cash equivalents and restricted cash at end of period 567  
Supplemental Disclosures:    
Interest paid, net of amounts capitalized 216 261
Income taxes paid, net 248 450
Accrued capital expenditures $ 74 $ 67