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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 52 $ 15
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 85 88
Unrealized loss (gain) on foreign currency and derivative instruments 2 3
Amortization of debt issuance costs and original issue discount 6 8
Loss on extinguishment of debt 3 9
Stock-based compensation 22 15
Provision for excess and obsolete inventory 17 11
Deferred income taxes (37) (36)
Other 1 2
Changes in operating assets and liabilities, net of acquired assets and liabilities:    
Trade accounts receivable (19) 16
Inventories (12) (1)
Other current and non-current assets 17 (5)
Accounts payable (20) (32)
Current and non-current accrued compensation 17 (30)
Income taxes payable 12 16
Other current and non-current liabilities (5) (12)
Net cash provided by operating activities 141 67
Cash flows from investing activities:    
Purchases of property, plant and equipment (18) (18)
Net cash used in investing activities (18) (18)
Cash flows from financing activities:    
Repurchase of common stock (45) 0
Proceeds from borrowings 0 761
Payments of borrowings (113) (806)
Payments of deferred financing fees 0 (2)
Dividend payments (15) (15)
Net payments related to employee stock awards (5) (9)
Other financing activities (2) (1)
Net cash used in financing activities (180) (72)
Effect of exchange rate changes on cash and cash equivalents (2) (7)
Decrease in cash and cash equivalents (59) (30)
Cash and cash equivalents at beginning of period 714 875
Cash and cash equivalents at end of period $ 655 $ 845