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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities    
Net income (loss) $ 148 $ 27
Less: Net income from discontinued operations 164 174
Net loss from continuing operations (16) (147)
Depreciation 257 253
Amortization 9 10
Amortization of deferred financing charges 4 4
Earnings of affiliates, net of dividends received (4) (4)
Stock compensation expense 31 21
Deferred income taxes (67) 16
Pension expense, net (1) 6
Change in working capital (212) (219)
Change in other noncurrent assets and liabilities (56) (6)
Loss on disposal group previously held for sale 26
Loss on divestiture of ownership interests (12)  
Other, net 8 (4)
Net cash used in operating activities from continuing operations (59) (44)
Net cash provided by operating activities from discontinued operations 165 192
Net cash provided by (used in) operating activities 106 148
Investing activities    
Purchases of property, plant and equipment (153) (198)
Proceeds from sale of property, plant and equipment 12 3
Proceeds from sale of investments 57  
Settlements of undesignated derivatives (15) (5)
Other, net   2
Net cash used in investing activities from continuing operations (99) (198)
Net cash used in investing activities from discontinued operations (31) (7)
Net cash used in investing activities (130) (205)
Financing activities    
Net change in short-term debt 622  
Repayment of long-term debt (216) (35)
Dividends paid to common stockholders (42) (43)
Repurchases of common stock (439)  
Distributions to noncontrolling interests (14) (17)
Swap settlements (14)  
Other, net (8) 9
Net cash provided by (used in) financing activities (111) (56)
Net decrease in cash, cash equivalents and restricted cash (135) (113)
Cash, cash equivalents and restricted cash – beginning of period 512 563
Cash, cash equivalents and restricted cash – end of period (Note 6) 429 435
Proceeds from long-term debt   1
Collection of note receivable from noncontrolling interest   11
Contributions from redeemable noncontrolling interests   18
Effect of exchange rate changes on cash balances 52 (15)
Non-cash investing activity    
Purchases of property, plant and equipment held in accounts payable $ 29 $ 53