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Consolidated Statements 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 $ 560 $ 587 $ 855
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 448 499 460
Restructuring and other, net 75 114 (52)
Pension and postretirement expense 568 70 12
Pension contributions (122) (19) 53
Gain on sale of equity method investment (275) 0 0
Stock-based compensation 42 31 29
Deferred income taxes (168) (53) 28
Asbestos payments (15) (17) (21)
Changes in assets and liabilities:      
Receivables 65 98 29
Inventories 102 463 (299)
Accounts payable and accrued liabilities (90) (413) (149)
Prepaids and other assets 13 31 (44)
Other, net (11) 62 (98)
Net cash provided by operating activities 1,192 1,453 803
Cash flows from investing activities      
Capital expenditures (403) (793) (839)
Proceeds from sale of businesses, net of cash 0 0 182
Proceeds from sale of property, plant and equipment 28 17 15
Acquisitions of businesses, net of cash 0 (126) (31)
Net investment hedges 25 25 26
Distribution from equity method investment 338 68 7
Other 0 5 (2)
Net cash used for investing activities (12) (804) (642)
Cash flows from financing activities      
Net change in revolving credit facility and short-term debt 0 (396) 268
Proceeds from short-term debt 222 129 45
Payments of short-term debt (165) (131) (45)
Proceeds from long-term debt 675 1,096 2,953
Payments of long-term debt (1,788) (312) (2,278)
Debt issuance costs (10) (16) (25)
Dividends paid to noncontrolling interests (119) (126) (100)
Dividends paid to shareholders (119) (115) (106)
Common stock repurchased (217) (12) (722)
Other (5) (1) (15)
Net cash (used for) / provided by financing activities (1,526) 116 (25)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (38) (4) (90)
Net change in cash, cash equivalents and restricted cash (384) 761 46
Cash, cash equivalents and restricted cash at January 1 1,400 639 593
Cash, cash equivalents and restricted cash at December 31 $ 1,016 $ 1,400 $ 639