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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash from operating activities    
Net income $ 199 $ 218
Non-cash charges to net income:    
Depreciation and amortization 55 53
Mechanical stores expense 16 14
Net gain on sale of business 0 (82)
Impairment charges 6 0
Other non-cash charges 15 32
Changes in working capital:    
Accounts receivable and prepaid expenses (172) 6
Inventories 28 104
Accounts payable and accrued liabilities (76) (135)
Margin accounts (3) (11)
Other 9 10
Cash provided by operating activities 77 209
Cash from investing activities    
Capital expenditures and mechanical stores purchases, net (92) (65)
Proceeds from sale of business 0 247
Other 2 (1)
Cash (used for) provided by investing activities (90) 181
Cash from financing activities    
Proceeds from borrowings 106 149
Payments on debt (154) (134)
Commercial paper repayments, net 0 (312)
Consideration received from sale of business 12 0
Repurchases of common stock, net (55) (1)
Common stock activity for share-based compensation, net (11) 2
Dividends paid, including to non-controlling interests (52) (51)
Cash used for financing activities (154) (347)
Effects of foreign exchange rate changes on cash and cash equivalents 7 (6)
(Decrease) increase in cash and cash equivalents (160) 37
Cash and cash equivalents, beginning of period 997 401
Cash and cash equivalents, end of period $ 837 $ 438