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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows from Operating Activities:    
Net loss $ (24) $ (258)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation, depletion and amortization 214 206
Deferred income taxes 64 314
Share-based compensation expense 17 15
Amortization of deferred debt issuance costs and discount on debt 7 6
Loss on extinguishment of debt 3 0
Other non-cash items affecting net income (loss) 24 34
Changes in assets and liabilities:    
(Increase) decrease in accounts receivable, net of allowance for credit losses (82) 84
Increase in inventories, net (11) (141)
Decrease in prepaid and other assets 32 5
Decrease in accounts payable and accrued liabilities (2) (154)
Net changes in income tax payables and receivables 8 (5)
Changes in other non-current assets and liabilities (32) (32)
Cash provided by operating activities 218 74
Cash Flows from Investing Activities:    
Capital expenditures (253) (202)
Proceeds from sale of assets 27 3
Cash used in investing activities (226) (199)
Cash Flows from Financing Activities:    
Repayments of short-term debt (12) (136)
Repayments of long-term debt (221) (13)
Proceeds from long-term debt 212 347
Proceeds from short-term debt 0 81
Debt issuance costs (14) (3)
Dividends paid (61) (69)
Restricted stock and performance-based shares settled in cash for withholding taxes (1) 0
Cash (used in) provided by financing activities (97) 207
Effects of exchange rate changes on cash and cash equivalents and restricted cash 0 0
Net (decrease) increase in cash and cash equivalents and restricted cash (105) 82
Cash and cash equivalents and restricted cash at beginning of period 273 164
Cash and cash equivalents and restricted cash at end of period 168 246
Supplemental cash flow information:    
Interest paid, net 129 113
Income taxes paid $ 11 $ 29