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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating Activities      
Net income (loss) $ 213 $ 306 $ 587
Adjustments to reconcile net income (loss) to net cash provided from operating activities:      
Depreciation and amortization 109 96 104
Non-cash stock-based compensation 45 41 34
Equity in net income of non-consolidated affiliates, net of dividends remitted (1) 8 15
U.S. deferred tax benefit 55 (71) (395)
Other non-cash items 5 9 (6)
Changes in assets and liabilities:      
Accounts receivable 6 61 13
Inventories 30 1 52
Accounts payable (4) (32) (130)
Other assets and other liabilities (48) 8 (7)
Net cash provided from operating activities 410 427 267
Investing Activities      
Capital expenditures, including intangibles (133) (137) (125)
Acquisition of businesses, net of cash acquired (50) (55) 0
Loan provided to non-consolidated affiliate 0 (5) 0
Loan provided to non-consolidated affiliate 0 5 0
Loan repayment from non-consolidated affiliate 0 5 0
Other, net 2 3 2
Net cash used by investing activities (181) (189) (123)
Financing Activities      
Principal repayment of term debt facility (18) (18) (13)
Dividends paid to non-controlling interests (21) (12) (29)
Cash paid for dividends (15) 0 0
Repurchase of common stock (57) (63) (106)
Stock based compensation tax withholding payments (8) (7) (16)
Proceeds from the exercise of stock options 3 0 8
Net cash used by financing activities (116) (100) (156)
Effect of exchange rate changes on cash 34 (30) 7
Net increase (decrease) in cash, equivalents, and restricted cash 147 108 (5)
Cash, equivalents, and restricted cash at beginning of the period 626 518 523
Cash, equivalents, and restricted cash at end of the period 773 626 518
Supplemental Disclosures:      
Cash paid for interest 12 14 16
Cash paid for income taxes, net of refunds $ 98 $ 73 $ 68