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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 21 $ 32
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 7 6
Provision for inventory 3 1
Stock-based compensation 2 3
Deferred income taxes 6 0
Other, net 3 6
Change in operating assets and liabilities, net of effects of acquisitions:    
Receivables 23 (25)
Inventories 3 (26)
Prepaid and other current assets 2 (3)
Accounts payable, accrued liabilities and other, net 11 0
Net cash provided by (used in) operating activities 81 (6)
Cash flows from investing activities:    
Business acquisitions, net of cash acquired (185) 0
Purchases of property, plant and equipment (1) (5)
Other, net (2) 0
Net cash provided by (used in) investing activities (188) (5)
Cash flows from financing activities:    
Repurchases of common stock (1) (33)
Other, net (3) (1)
Net cash provided by (used in) financing activities (4) (34)
Effect of exchange rates on cash and cash equivalents 0 1
Net change in cash and cash equivalents (111) (44)
Cash and cash equivalents, beginning of period 299 212
Cash and cash equivalents, end of period $ 188 $ 168