XML 16 R6.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 232 $ 474
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 265 255
Deferred income taxes 39 53
Equity (income) loss in unconsolidated affiliates 10 (37)
Dividend from unconsolidated affiliate 1 84
Stock-based compensation 50 53
Gain on business divestiture   (131)
Other, net 88 51
Change in operating assets and liabilities, net of acquisitions:    
Receivables 54 12
Inventories 23 81
Contract assets 1 55
Prepaid and other current assets (9) (2)
Accounts payable (39) (87)
Accrued liabilities (108) (72)
Contract liabilities 73 (38)
Income taxes payable (10) (1)
Other assets/liabilities, net 8 (37)
Net cash provided by operating activities 678 713
Cash flows from investing activities:    
Purchases of property, plant and equipment (274) (233)
Business acquisitions, net of cash acquired   (252)
Business divestitures, net of cash disposed   176
Other 8 1
Net cash used in investing activities (266) (308)
Cash flows from financing activities:    
Borrowings against lines of credit and other debt 2 419
Payments against lines of credit and other debt (17) (422)
Cash dividends paid (163) (79)
Share repurchases (230) (117)
Financing leases (20) (19)
Other (23) (17)
Net cash used in financing activities (451) (235)
Effect of exchange rates on cash 16 (1)
Increase (decrease) in cash and cash equivalents (23) 169
Cash and cash equivalents, beginning of period 1,230 816
Cash and cash equivalents, end of period 1,207 985
Cash payments during the period for:    
Interest 47 48
Income taxes $ 179 $ 124