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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities:      
Net loss $ (473) $ (54) $ (314)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:      
Depreciation, depletion and amortization 302 285 275
Deferred income taxes 12 110 330
Share-based compensation expense 20 21 21
Amortization of deferred debt issuance costs and discount on debt 10 10 9
Loss on extinguishment of debt 0 1 0
Restructuring and other charges 232 0 0
Other non-cash affecting net loss 59 30 37
Changes in assets and liabilities:      
(Increase) decrease in accounts receivable, net (9) 11 84
Increase in inventories, net (26) (115) (151)
Decrease in prepaid and other assets 59 40 37
Restructuring payments (76) 0 0
Decrease in accounts payable and accrued liabilities (26) (11) (84)
Net changes in income tax payables and receivables (2) 10 (24)
Changes in other non-current assets and liabilities (22) (38) (36)
Cash provided by operating activities 60 300 184
Cash Flows from Investing Activities:      
Capital expenditures (341) (370) (261)
Loans 15 0 0
Proceeds from the sale of assets 4 27 6
Purchase of investment securities (6) 0 0
Cash used in investing activities (328) (343) (255)
Cash Flows from Financing Activities:      
Repayments of short-term debt (144) (18) (148)
Repayments of long-term debt (29) (228) (17)
Proceeds from short-term debt 100 55 86
Proceeds from inventory financing arrangement 50 0 0
Proceeds from long-term debt 400 217 347
Debt issuance costs (7) (16) (3)
Dividends paid (48) (80) (89)
Restricted stock and performance-based shares settled in cash for taxes (1) (1) 0
Cash provided by (used in) financing activities 321 (71) 176
Effects of exchange rate changes on cash and cash equivalents and restricted cash 6 (7) 4
Net increase (decrease) in cash and cash equivalents and restricted cash 59 (121) 109
Cash and cash equivalents and restricted cash at beginning of period 152 273 164
Cash and cash equivalents and restricted cash at end of period 211 152 273
Supplemental cash flow information:      
Interest paid, net 157 151 143
Income taxes paid $ 4 $ 10 $ 54