XML 18 R5.htm IDEA: XBRL DOCUMENT v3.24.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities    
Net income (loss) $ 119 $ 61
Adjustments to reconcile net income (loss) to net cash provided from (used by) operating activities:    
Depreciation and amortization 46 55
Non-cash stock-based compensation 21 17
Equity in net loss (income) of non-consolidated affiliates, net of dividends remitted 4 7
Other non-cash items 7 (4)
Changes in assets and liabilities:    
Accounts receivable (49) (7)
Inventories (23) 17
Accounts payable 8 (89)
Other assets and other liabilities (7) (15)
Net cash provided from (used by) operating activities 126 42
Investing Activities    
Capital expenditures, including intangibles (68) (51)
Payments to Fund Long-Term Loans to Related Parties (5) 0
Other 1 2
Net cash used by investing activities (72) (49)
Financing Activities    
Payments of Ordinary Dividends, Noncontrolling Interest 0 (15)
Short-term debt, net 0 3
Repurchase of common stock (20) (30)
Payments Related to Tax Withholding for Share-based Compensation (7) (15)
Proceeds from Stock Options Exercised 0 4
Investment Company, Debt Instrument, Amount Repaid to Principal, Excess (Less) (9) (4)
Net cash used by financing activities (36) (57)
Effect of exchange rate changes on cash (28)  
Net decrease in cash, equivalents, and restricted cash (10) (64)
Cash, equivalents, and restricted cash at beginning of the period 518 523
Cash, equivalents, and restricted cash at end of the period $ 508 $ 459