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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net loss $ (16) $ (7)
Adjustments to reconcile to net cash used in operating activities:    
Depreciation and amortization 7 7
Pension and postretirement income 0 (18)
Change in fair value of preferred stock embedded derivative [1] 12 0
Non-cash changes in workers' compensation and employee benefit reserves   1
Stock based compensation 5 2
Net gain from sale of assets (1) 0
Loss on early extinguishment of debt 1 0
Provision for deferred income taxes 1 1
Decrease (increase) in trade receivables 9 (8)
(Increase) decrease in miscellaneous receivables (4) 3
Increase in inventories (38) (15)
Increase in trade payables 9 6
Decrease in liabilities excluding borrowings and trade payables (20) (20)
Other items, net 5 10
Total adjustments (14) (31)
Net cash used in operating activities (30) (38)
Cash flows from investing activities:    
Additions to properties (6) (12)
Proceeds from sale of preferred equity investment 2 0
Proceeds from redemption of KRIP reversion investments 46 0
Net proceeds from the sale of assets 0 5
Net cash (used in) provided by investing activities 42 (7)
Cash flows from financing activities:    
Preferred stock cash dividend payments (3) (1)
Treasury stock purchases 0 (1)
Net cash used in financing activities (54) (2)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1) 2
Net decrease in cash, cash equivalents and restricted cash (43) (45)
Cash, cash equivalents and restricted cash, beginning of period 442 301
Cash, cash equivalents and restricted cash, end of period 399 256
Non-cash Financing Item:    
Series B preferred stock embedded derivative liability at issuance 30 0
Amended and Restated Term Loan Agreement [Member]    
Cash flows from financing activities:    
Repayment of debt $ (51) $ 0
[1] Refer to Note 19, "Financial Instruments" for information on the valuation of this derivative.