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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Net Cash Provided by (Used in) Operating Activities [Abstract]      
Net income $ 60 $ 157 $ 315
Adjustments      
Depreciation and amortization 304 300 290
Impairment of assets 24 22 16
Pension and other long-term benefits 10 9 22
Finance costs - net 111 111 103
Income tax expense / (benefit) 75 75 (165)
Unrealized losses on derivatives - net and from remeasurement of monetary assets and liabilities - net 2 5 50
Losses / (gains) on disposal 4 (41) 5
Other - net 39 48 45
Changes in working capital      
Inventories (24) 202 (249)
Trade receivables (50) (37) 73
Trade payables (40) (206) 42
Other (24) (31) (13)
Change in provisions 2 (6) (11)
Pension and other long-term benefits paid (52) (41) (45)
Interest paid (93) (102) (95)
Income tax paid (47) (33) (18)
Net cash flows from operating activities 301 432 365
Net Cash Provided by (Used in) Investing Activities [Abstract]      
Purchases of property, plant and equipment (413) (366) (289)
Property, plant and equipment inflows 12 1 5
Collection of deferred purchase price receivable 85 97 90
Acquisition of subsidiaries net of cash acquired 3 0 0
Proceeds from disposals, net of cash 0 51 0
Other investing activities 0 1 (2)
Net cash flows used in investing activities (313) (216) (196)
Net Cash Provided by (Used in) Financing Activities [Abstract]      
Repurchase of ordinary shares (79) 0 0
Proceeds from issuance of long-term debt 671 0 0
Repayments of long-term debt (689) (57) (202)
Net change in revolving credit facilities and short-term debt 54 (90) 76
Finance lease repayments (8) (19) (18)
Payment of financing costs and redemption fees (14) 0 (1)
Transactions with non-controlling interests (5) (3) (2)
Other financing activities 9 (8) (3)
Net cash flows used in financing activities (61) (177) (150)
Net (decrease) / increase in cash and cash equivalents (73) 39 19
Cash and cash equivalents - beginning of year 223 176 166
Supplemental Cash Flow Elements [Abstract]      
Transfer of cash and cash equivalents from / (to) assets classified as held for sale 0 1 (1)
Effect of exchange rate changes on cash and cash equivalents (9) 7 (8)
Cash and cash equivalents - end of year $ 141 $ 223 $ 176