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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income (loss) $ 247 $ (2,563) $ (1,864)
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation and amortization 1,015 1,142 1,179
Deferred income taxes (304) (369) (237)
Loss on assets classified as held for sale 347 0 0
Gains on sale of assets (11) (3) (3)
(Gains) losses on business disposals (346) 23 (11)
Stock-based compensation 77 65 49
Pension contributions (29) (36) (36)
Pension-related expense (benefit) 125 (28) (19)
Impairment of goodwill 64 2,623 2,250
Impairment of long-lived assets 0 0 120
Inventory Write-down 0 72 0
Changes in assets and liabilities, net of acquisitions:      
Trade receivables (217) 51 (117)
Inventories (34) 605 (893)
Accounts payable 40 (39) (57)
Accruals for incentive compensation 190 (2) (34)
Other assets/liabilities, net (94) (102) 70
Net cash provided by operating activities 1,070 1,439 397
Cash flows from investing activities:      
Cash paid for acquisitions, net of cash received 0 0 (110)
Additions to property, plant and equipment (463) (503) (504)
Additions to intangible assets (5) 0 (2)
Proceeds from sale of assets 21 27 8
Proceeds from unwinding of derivative instruments 0 0 173
Cash provided by the Merger with N&B 0 0 11
Net proceeds received from business disposals 875 1,050 1,169
Cash paid on foreign currency forward contracts 102 0 0
Net cash provided by investing activities 326 574 745
Cash flows from financing activities:      
Cash dividends paid to shareholders (514) (826) (810)
Dividends paid to redeemable non-controlling interests 0 (13) 0
Increase (decrease) in revolving credit facility and short term borrowings 0 (99) 104
Proceeds from issuance of commercial paper (maturities after three months) 0 0 225
Repayments of commercial paper (maturities after three months) 0 0 (421)
Net (repayments) borrowings of commercial paper (maturities less than three months) 0 (187) 48
Principal payments of debt (1,030) (655) (300)
Purchases of redeemable non-controlling interests 0 (39) (47)
Deferred and contingent consideration paid (36) (6) 0
Withholding tax paid on stock-based compensation (16) (13) (21)
Other, net (10) (13) (7)
Net cash used in financing activities (1,606) (1,851) (1,229)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (54) 21 (77)
Net change in cash, cash equivalents and restricted cash (264) 183 (164)
Cash, cash equivalents and restricted cash at beginning of year 735 552 716
Cash, cash equivalents and restricted cash at end of year 471 735 552
Supplemental Disclosures:      
Interest paid, net of amounts capitalized 308 370 310
Income taxes paid 370 578 329
Accrued capital expenditures $ 158 $ 109 $ 150