v3.25.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities      
Net income (loss) $ 284 $ 505 $ 130
Adjustments to reconcile net income (loss) to net cash provided from operating activities:      
Depreciation and amortization 96 104 108
Non-cash stock-based compensation 41 34 26
Equity in net income of non-consolidated affiliates, net of dividends remitted 8 15 4
Impairments 0 0 5
U.S. deferred tax benefit (49) (313) 0
Other non-cash items 9 (6) (1)
Changes in assets and liabilities:      
Accounts receivable 61 13 (156)
Inventories 1 52 (105)
Accounts payable (32) (130) 146
Other assets and other liabilities 8 (7) 10
Net cash provided from operating activities 427 267 167
Investing Activities      
Capital expenditures, including intangibles (137) (125) (81)
Acquisition of businesses, net of cash acquired (55) 0 0
Net investment hedge transactions 0 0 12
Payments to Fund Long-Term Loans to Related Parties 5 0 0
Repayment of Notes Receivable from Related Parties 5 0 0
Other, net 3 2 1
Net cash used by investing activities (189) (123) (68)
Financing Activities      
Borrowings on term debt facility 0 0 350
Payments on term debt facility 0 0 (350)
Short-term debt, net 0   (4)
Principal repayment of term debt facility (18) (13) 0
Dividends paid to non-controlling interests (12) (29) (2)
Repurchase of common stock (63) (106) 0
Stock based compensation tax withholding payments (7) (16) 0
Proceeds from the exercise of stock options 0 8 0
Other 0 0 (3)
Net cash used by financing activities (100) (156) (9)
Effect of exchange rate changes on cash (30) 7 (22)
Net increase (decrease) in cash, equivalents, and restricted cash 108 (5) 68
Cash, equivalents, and restricted cash at beginning of the period 518 523 455
Cash, equivalents, and restricted cash at end of the period 626 518 523
Supplemental Disclosures:      
Cash paid for interest 14 16 14
Cash paid for income taxes, net of refunds 73 68 29
Payments to Fund Long-Term Loans to Related Parties $ (5) $ 0 $ 0