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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities      
Net income $ 648 $ 489 $ 425
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 387 378 363
Gain on divestiture of property (4) 0 (80)
Deferred income taxes (30) (109) (40)
Undistributed earnings from equity method investments, net of dividends (1) (1) (1)
Other, net 7 (10) (13)
Net change in operating assets and liabilities:      
Receivables and other assets, gross 114 (213) (297)
Inventories, gross 28 (22) (243)
Accounts payable and accrued expenses (95) 426 596
Income taxes 6 43 2
Net cash provided by operating activities 1,059 982 713
Investing activities      
Expenditures for property, plant and equipment (579) (573) (585)
Proceeds from sale of property, plant and equipment 17 4 101
Net cash used in investing activities (563) (569) (485)
Financing activities      
Net (decrease) increase in other short-term debt (126) 61 167
Proceeds from long-term debt 526 559 0
Repayment of long-term debt (306) (533) (357)
Dividents paid (219) (225) (224)
Stock repurchases (552) (352) (115)
Common stock options exercised 1 1 0
Dividends paid to non-controlling interest (5) (1) (2)
Net cash used in financing activities (680) (490) (531)
Effect of exchange rate changes on cash and cash equivalents 16 (20) (73)
Decrease in cash and cash equivalents (168) (96) (375)
Cash and cash equivalents at beginning of year 498 594 969
Cash and cash equivalents at end of year $ 330 $ 498 $ 594