XML 18 R7.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows from Operating Activities:    
Net (loss) income $ (9) $ 25
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation, depletion and amortization 72 71
Deferred income taxes 11 (1)
Share-based compensation expense 6 6
Amortization of deferred debt issuance costs and discount on debt 2 2
Other non-cash items affecting net (loss) income 16 16
Changes in assets and liabilities:    
Increase in accounts receivable, net of allowance for credit losses (94) (41)
Decrease (increase) in inventories, net 11 (83)
Decrease in prepaid and other assets 16 2
Decrease in accounts payable and accrued liabilities (49) (68)
Net changes in income tax payables and receivables (3) 2
Changes in other non-current assets and liabilities (8) (10)
Cash used in operating activities (29) (79)
Cash Flows from Investing Activities:    
Capital expenditures (76) (93)
Proceeds from sale of assets 0 2
Cash used in investing activities (76) (91)
Cash Flows from Financing Activities:    
Repayments of short-term debt (6) (26)
Repayments of long-term debt (5) (4)
Proceeds from short-term debt 0 152
Dividends paid (1) (2)
Cash (used in) provided by financing activities (12) 120
Effects of exchange rate changes on cash and cash equivalents and restricted cash (2) 1
Net decrease in cash and cash equivalents and restricted cash (119) (49)
Cash and cash equivalents and restricted cash at beginning of period 273 164
Cash and cash equivalents and restricted cash at end of period 154 115
Supplemental cash flow information:    
Interest paid, net 52 34
Income taxes paid $ 3 $ 7