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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 62 $ 142
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 64 59
Amortization of intangible assets 106 108
Deferred income taxes (83) (13)
Stock based compensation expense 31 33
Restructuring and other costs 42 (3)
Other non-cash expense 36 29
Changes in operating assets and liabilities, net of acquisitions:    
Accounts and notes receivable-trade, net (38) 53
Inventories, net (32) (95)
Prepaid expenses and other current assets (40) (39)
Other noncurrent assets (1) (6)
Accounts payable (15) 49
Accrued liabilities (44) (44)
Income taxes (34) 2
Other noncurrent liabilities 29 (9)
Net cash provided by operating activities 83 266
Cash flows from investing activities:    
Capital expenditures (72) (85)
Cash received on derivative contracts 4 5
Other investing activities 1 (3)
Net cash used in investing activities (67) (83)
Cash flows from financing activities:    
Cash paid for treasury stock (150) (150)
Proceeds on short-term borrowings 143 38
Cash dividends paid (57) (51)
Proceeds from long-term borrowings, net of deferred financing costs 0 5
Repayments on long-term borrowings (1) (2)
Proceeds from exercised stock options 0 6
Other financing activities, net (5) (8)
Net cash used in financing activities (70) (162)
Effect of exchange rate changes on cash and cash equivalents (16) 2
Net (decrease) increase in cash and cash equivalents (70) 23
Cash and cash equivalents at beginning of period 365 339
Cash and cash equivalents at end of period $ 295 $ 362