v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net income (loss) $ 114 $ (166)
Adjustments to reconcile net income (loss) to net cash provided by operating activities    
Depreciation and amortization 570 578
Stock-based compensation expense 20 19
Loss from disposition and write-off of property, plant and equipment 14 16
Deferred income taxes 14 (19)
Other losses, net 13 20
Changes in operating assets and liabilities, net of effect of business acquisitions    
Accounts receivable (463) (308)
Inventories (64) (15)
Prepaid expenses and other current assets 28 12
Accounts payable 123 92
Accrued and other liabilities (71) 78
Other, net (74) (249)
Net cash provided by operating activities 224 58
Cash flows from investing activities    
Acquisitions of businesses, net of cash acquired (171) 0
Additions to investments in unconsolidated subsidiaries (1) (22)
Additions to property, plant and equipment (416) (515)
Proceeds from maturities and paydown of available-for-sale securities 63 0
Purchase of available-for-sale securities (69) (192)
Other, net 3 3
Net cash used for investing activities (591) (726)
Cash flows from financing activities    
Distributions to noncontrolling interests (23) (23)
Dividends paid (137) (136)
Repayment of senior notes (496) 0
Repurchase of common stock for treasury (30) (30)
Other, net (18) (8)
Net cash used for financing activities (704) (197)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (9) 30
Net decrease in cash, cash equivalents and restricted cash (1,080) (835)
Cash, cash equivalents and restricted cash at beginning of period 2,740 2,935
Cash, cash equivalents and restricted cash at end of period $ 1,660 $ 2,100