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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities      
Net income (loss) $ 335 $ 518 $ 300
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 82 56 47
Deferred taxes (10) (38) (1)
Stock-based compensation expense 30 44 30
Inventory and other non-cash charges 25 9 23
Changes in operating assets and liabilities (net of effects of acquisitions and divestitures):      
Receivables 16 11 (55)
Inventories 77 (200) (206)
Trade accounts payable (241) 58 96
Other assets and liabilities 15 2 38
Foreign exchange and other operating activities, net (3) (1) (11)
Net cash provided by (used in) operating activities 326 459 261
Investing Activities      
Capital expenditures (137) (127) (110)
Proceeds from sale of capital assets 1 34 0
Acquisitions, net of cash acquired, and investments (2,001) (24) (50)
Other investing activities, net 10 3 6
Net cash provided by (used in) investing activities (2,127) (114) (154)
Financing Activities      
Repayments of debt (222) (402) (224)
Proceeds from issuance of debt 2,217 243 321
Payments of Debt Issuance Costs 41 0 0
Share repurchases (49) (63) (101)
Dividends paid (46) (43) (36)
Other financing activities, net (22) (23) (15)
Net cash provided by (used in) financing activities 1,837 (288) (55)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (19) 10 (15)
Net Increase (Decrease) in Cash and Cash Equivalents 17 67 37
Cash and Cash Equivalents at Beginning of Year 371 304 267
Cash and Cash Equivalents at End of Year $ 388 $ 371 $ 304