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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Net income (loss) $ 86 $ (237) $ 578
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 301 307 291
Gain on sales of assets and businesses, net (3) (110) (21)
Equity in earnings of affiliates, net (1) 11 (22)
Loss (gain) on extinguishment of debt 1 1 (7)
Amortization of debt issuance costs and issue discounts 12 9 9
Deferred tax (benefit) provision (27) (158) 20
Asset-related charges 27 95 5
Stock-based compensation expense 15 18 27
Net periodic pension cost 6 9 9
Defined benefit plan contributions (12) (10) (10)
Other operating charges and credits, net (42) 1 (21)
Goodwill impairments 56    
Decrease (increase) in operating assets:      
Accounts and notes receivable, net (152) (10) 91
Inventories and other current operating assets (146) 58 (294)
Other non-current operating assets (98)   (96)
(Decrease) increase in operating liabilities:      
Accounts payable (9) (72) 105
Other current operating liabilities (660) 642 (47)
Non-current operating liabilities 13 2 138
Cash (used for) provided by operating activities (633) 556 755
Cash flows from investing activities      
Purchases of property, plant, and equipment (360) (370) (307)
Proceeds from sales of assets and businesses, net of cash divested 3 143 33
Foreign exchange contract settlements, net 2 (8) 3
Other investing activities 2 6 (13)
Cash used for investing activities (353) (229) (284)
Cash flows from financing activities      
Proceeds from issuance of debt, net 606 648 0
Debt repayments (490) (280) (68)
Payments of debt issuance costs (9) (4) (1)
Payments on finance leases (12) (11) (11)
Proceeds from supplier financing programs 93 123 105
Payments to supplier financing program (102) (87) (106)
Purchases of treasury stock, at cost   (69) (495)
Proceeds from exercised stock options 9 19 51
Payments related to tax withheld on vested stock awards (3) (19) (6)
Payments of dividends to the Company's common shareholders (148) (149) (154)
(Distributions to) cash received from non-controlling interest shareholders (1) 1 (1)
Other financing activities 21    
Cash (used for) provided by financing activities (36) 172 (686)
Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents (22) 4 (32)
(Decrease) increase in cash, cash equivalents, restricted cash and restricted cash equivalents (1,044) 503 (247)
Cash, cash equivalents, restricted cash, and restricted cash equivalents at January 1, 1,807 1,304 1,551
Cash, cash equivalents, restricted cash, and restricted cash equivalents at December 31, 763 1,807 1,304
Cash paid during the year for:      
Interest, net of amounts capitalized 267 223 164
Income taxes, net of refunds 73 54 131
Non-cash investing and financing activities:      
Purchases of property, plant, and equipment included in accounts payable $ 88 82 79
Treasury stock repurchased, not settled   $ 0 $ 1