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v3.25.1

Consolidated Statement of Cash Flows (Unaudited) - USD ($) $ in Millions | 3 Months Ended
--- | ---
Mar. 31, 2025 | Mar. 31, 2024
Cash flows from operating activities: |  |
Net (loss) earnings | $ (7) | $ 32
Adjustments to reconcile to net cash (used in) provided by operating activities: |  |
Depreciation and amortization | 7 | 7
Pension and postretirement income | (18) | (36)
Non-cash changes in workers' compensation and employee benefit reserves | 1 | (1)
Stock based compensation | 2 | 3
Net gain from sale of assets | 0 | (17)
Provision for deferred income taxes | 1 | 1
(Increase) decrease in trade receivables | (8) | 53
Decrease (increase) in miscellaneous receivables | 3 | (2)
Increase in inventories | (15) | (15)
Increase in trade payables | 6 | 7
Decrease in liabilities excluding borrowings and trade payables | (20) | (19)
Other items, net | 10 | 4
Total adjustments | (31) | (15)
Net cash (used in) provided by operating activities | (38) | 17
Cash flows from investing activities: |  |
Additions to properties | (12) | (10)
Proceeds from sale of assets | 5 | 17
Net cash (used in) provided by investing activities | (7) | 7
Cash flows from financing activities: |  |
Preferred stock cash dividend payments | (1) | (1)
Treasury stock purchases | (1) |
Net cash used in financing activities | (2) | (18)
Effect of exchange rate changes on cash, cash equivalents and restricted cash | 2 | (3)
Net (decrease) increase in cash, cash equivalents and restricted cash | (45) | 3
Cash, cash equivalents and restricted cash, beginning of period | 301 | 377
Cash, cash equivalents and restricted cash, end of period | $ 256 | 380
Amended and Restated Term Loan Agreement [Member] |  |
Cash flows from financing activities: |  |
Repayment of debt |  | $ (17)

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