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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities    
Net income $ 105 $ 227
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation and amortization 268 251
Pension and postretirement benefits 27 32
Stock-based compensation expense 89 83
Deferred income taxes (88) (177)
Changes in assets and liabilities    
Accounts receivable (286) (15)
Due from related parties 27 4
Inventories 18 (77)
Accounts payable 26 23
Due to related parties (117) (6)
Accrued compensation (101) (47)
All other operating activities — net 68 (100)
Net cash provided by operating activities 38 198
Cash Flows from Investing Activities    
Purchases of property, plant and equipment (167) (219)
Other — net 3 (5)
Net cash used in investing activities (164) (224)
Cash Flows from Financing Activities    
Repayment of debt 0 (200)
Proceeds from debt, net of issuance costs 46 0
Net transfers from (to) 3M 2 (30)
Purchases of treasury stock (355) 0
Other — net (44) (19)
Net cash used in financing activities (350) (249)
Effect of exchange rate changes on cash and cash equivalents 1 7
Net increase (decrease) in cash and cash equivalents (475) (268)
Cash and cash equivalents at beginning of period 878 762
Less: cash and cash equivalents held for sale 0 (2)
Cash and cash equivalents at end of period 403 492
Supplemental Cash Flow Information    
Right-of-use assets obtained in exchange for finance lease liability $ 204 $ 0