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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows from Operating Activities    
Net income $ 1,493 $ 448
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 372 405
Pension and postretirement benefit expense 49 30
Stock-based compensation expense 124 87
Gain on sale of business (1,518) 0
Purification and Filtration transaction costs (86) 0
Deferred income taxes (47) (93)
Changes in assets and liabilities    
Accounts receivable 36 14
Due from related parties 37 200
Inventories (134) (99)
Accounts payable 74 200
Due to related parties 18 (321)
Accrued compensation (9) 53
All other operating activities — net (135) 42
Net cash provided by operating activities 274 966
Cash Flows from Investing Activities    
Purchases of property, plant and equipment (316) (253)
Proceeds from sale of business 3,870 0
Other — net (12) 0
Net cash provided by (used in) investing activities 3,542 (253)
Cash Flows from Financing Activities    
Repayment of debt (2,970) (200)
Net transfers to 3M (21) (8,247)
Proceeds from long-term debt, net of issuance costs 0 8,303
Other — net 49 8
Net cash used in financing activities (2,942) (136)
Effect of exchange rate changes on cash and cash equivalents 6 1
Net increase (decrease) in cash and cash equivalents 880 578
Cash and cash equivalents at beginning of period 762 194
Cash and cash equivalents at end of period $ 1,642 $ 772