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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities    
Net income $ 274 $ 260
Adjustments to reconcile net income to net cash flows provided by operating activities:    
Depreciation and amortization 137 125
Gain on divestiture 0 (24)
Stock-based compensation 36 16
Losses on foreign exchange transactions 7 5
Deferred income taxes 5 (11)
Other, net 18 12
Changes in assets and liabilities, excluding the effects of acquisitions and divestitures:    
Accounts receivable 4 4
Contract and other assets (62) (36)
Accounts payable (23) (19)
Accrued expenses 8 (27)
Pension and postretirement benefit plans (33) (8)
Contract and other liabilities 85 97
Net cash flows provided by operating activities 456 394
Investing activities    
Capital expenditures (139) (179)
Acquisitions, net of cash acquired (1) (26)
Proceeds from divestiture 0 30
Purchases of investments (58) 0
Sales of investments 15 0
Net cash flows used in investing activities (183) (175)
Financing activities    
Proceeds from long-term debt 284 108
Repayments of long-term debt (484) (218)
Dividends to stockholders of UL Solutions (78) (75)
Dividends to non-controlling interest (17) (15)
Employee taxes paid on settlement of stock-based compensation (14) 0
Other financing activities, net (5) (2)
Net cash flows used in financing activities (314) (202)
Effect of exchange rate changes on cash and cash equivalents (2) (5)
Net decrease in cash and cash equivalents (43) 12
Cash and cash equivalents    
Beginning of period 298 315
End of period 255 327
Supplemental disclosures of cash flow information    
Cash paid during the period for interest 26 39
Cash paid during the period for income taxes 69 56
Cash paid during the period for stock-based compensation 2 18
Noncash investing and financing activities    
Capital expenditures funded by liabilities 33 28
Conversion of stock-based compensation awards to equity $ 25 $ 26