XML 19 R8.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities:    
Net earnings $ 351 $ 238
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 221 253
Deferred income taxes (26) (11)
Stock-based compensation expense 10 13
Unrealized net loss (gain) on natural gas derivatives 2 (33)
Loss on disposal of property, plant and equipment 1 5
Loss on sale of Ince facility 23 0
Undistributed earnings of affiliate—net of taxes (4) (2)
Changes in assets and liabilities:    
Accounts receivable—net (177) (50)
Inventories (43) 20
Accrued and prepaid income taxes 89 61
Accounts payable and accrued expenses 16 (23)
Customer advances 123 (25)
Other—net 0 (1)
Net cash provided by operating activities 586 445
Investing Activities:    
Additions to property, plant and equipment (132) (98)
Proceeds from sale of property, plant and equipment 2 0
Proceeds from sale of Ince facility 4 0
Purchase of emission credits 0 (2)
Net cash used in investing activities (126) (100)
Financing Activities:    
Dividends paid on common stock (86) (97)
Distributions to noncontrolling interest (129) (144)
Purchases of treasury stock (444) (339)
Proceeds from issuances of common stock under employee stock plans 1 1
Shares withheld for taxes (13) (23)
Net cash provided by (used in) financing activities (671) (602)
Effect of exchange rate changes on cash and cash equivalents 3 (2)
Decrease in cash and cash equivalents (208) (259)
Cash and cash equivalents at beginning of period 1,614 2,032
Cash and cash equivalents at end of period $ 1,406 $ 1,773