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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash from operating activities    
Net income $ 569 $ 557
Non-cash charges to net income:    
Depreciation and amortization 165 160
Mechanical stores expense 50 45
Net (gain) on sale of business 0 (90)
Impairment charges 6 26
Deferred income taxes 2 19
Other non-cash charges 28 26
Changes in working capital:    
Accounts receivable and prepaid expenses (187) 113
Inventories 2 229
Accounts payable and accrued liabilities (50) (94)
Margin accounts 3 7
Other (49) 2
Cash provided by operating activities 539 1,000
Cash from investing activities    
Capital expenditures and mechanical stores purchases, net (298) (170)
Proceeds from sale of business 12 255
Investments in unconsolidated affiliates, net (11) 0
Other (5) (6)
Cash (used for) provided by investing activities (302) 79
Cash from financing activities    
Proceeds from borrowings 324 527
Payments on debt (361) (539)
Commercial paper repayments, net 0 (327)
Repurchases of common stock, net (134) (87)
Common stock activity for share-based compensation, net (12) 21
Purchases of non-controlling interests 0 (40)
Dividends paid, including to non-controlling interests (157) (156)
Cash used for financing activities (340) (601)
Effects of foreign exchange rate changes on cash and cash equivalents 21 (2)
(Decrease) increase in cash and cash equivalents (82) 476
Cash and cash equivalents, beginning of period 997 401
Cash and cash equivalents, end of period $ 915 $ 877