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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 13,000,000 $ 62,000,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 64,000,000 64,000,000
Amortization of intangible assets 108,000,000 106,000,000
Indefinite-lived intangible asset impairment 6,000,000 0
Deferred income taxes (11,000,000) (83,000,000)
Stock based compensation expense 23,000,000 31,000,000
Other non-cash expense 38,000,000 36,000,000
Changes in operating assets and liabilities, net of acquisitions:    
Accounts and notes receivable-trade, net 86,000,000 (38,000,000)
Inventories, net (7,000,000) (32,000,000)
Prepaid expenses and other current assets 29,000,000 (40,000,000)
Other noncurrent assets (6,000,000) (1,000,000)
Accounts payable (11,000,000) (15,000,000)
Accrued liabilities (78,000,000) (2,000,000)
Income taxes (9,000,000) (34,000,000)
Other noncurrent liabilities (12,000,000) 29,000,000
Net cash provided by operating activities 233,000,000 83,000,000
Cash flows from investing activities:    
Capital expenditures (86,000,000) (72,000,000)
Cash received on derivative contracts 1,000,000 4,000,000
Cash paid on derivative contracts (9,000,000) 0
Other investing activities 1,000,000 1,000,000
Net cash used in investing activities (93,000,000) (67,000,000)
Cash flows from financing activities:    
Cash paid for treasury stock (150,000,000) (150,000,000)
Proceeds on short-term borrowings 43,000,000 143,000,000
Cash dividends paid (62,000,000) (57,000,000)
Repayments on long-term borrowings (6,000,000) (1,000,000)
Other financing activities, net (10,000,000) (5,000,000)
Net cash used in financing activities (185,000,000) (70,000,000)
Effect of exchange rate changes on cash and cash equivalents (10,000,000) (16,000,000)
Net decrease in cash and cash equivalents (55,000,000) (70,000,000)
Cash and cash equivalents at beginning of period 334,000,000 365,000,000
Cash and cash equivalents at end of period $ 279,000,000 $ 295,000,000